. Louisiana and Arkansas railway; its territory industries and financial condition ... HOPE LUMBER MILL A few miles south of Jena are the celebrated White Sulphur Springs. The curative properties of the water and the bracing air of the pine forests in which the springs are located combine to make the spot an ideal one for invalids. No little business should result from traffic to and from this point. FINANCIAL POSITION The earnings of the Louisiana and Arkansas Railway for the last three fiscal years have been as follows :. STREET SCENE AT HOPE LOUISIANA AND ARKANSAS RAILWAY 65 Year ended June


. Louisiana and Arkansas railway; its territory industries and financial condition ... HOPE LUMBER MILL A few miles south of Jena are the celebrated White Sulphur Springs. The curative properties of the water and the bracing air of the pine forests in which the springs are located combine to make the spot an ideal one for invalids. No little business should result from traffic to and from this point. FINANCIAL POSITION The earnings of the Louisiana and Arkansas Railway for the last three fiscal years have been as follows :. STREET SCENE AT HOPE LOUISIANA AND ARKANSAS RAILWAY 65 Year ended June 30,Miles operated, .Gross earnings,Operating expenses and taxes Net earnings, .Other income. Total net income, .Fixed charges. Surplus, .... 1904. i90j- 1902. 97 ^704,671 $532,534 $478,532 487»795 37i>707 295,575 $216,876 $160,827 $182,957 24,186 17,843 $241,062 $178,670 $182,957 125,605 70,027 33,001 $115,457 $108,643 $149,956The increase in gross earnings from 1902 to 1903 per cent., while from 1903 to 1904 it was 2~3 P^^


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