. American railways as investments, a detailed and comparative analysis of all the leading railways, from the investor's point of view; with an introductory on The methods of estimating railway values . iles Operated Gross Earnings Per Mile 1895-6 2,1472,1972,1972,2002,2182,2652,5002,6012,8843,0433,043 $11,036,98711,478,31512,047,23711,930,33412,626,51215,403,08316,391,40017,208,19317,766,59520,041,09521,159,144 $5,1405,2245,483 1896-7 1897-8 1898-9 5,4245,6926,8006,556 1899-0 1900-1 1901-2 1902-3 . 6,616 1903-4 6,160 1904-5 6,586 6,953 Maintenance. The efforts of the management of th
. American railways as investments, a detailed and comparative analysis of all the leading railways, from the investor's point of view; with an introductory on The methods of estimating railway values . iles Operated Gross Earnings Per Mile 1895-6 2,1472,1972,1972,2002,2182,2652,5002,6012,8843,0433,043 $11,036,98711,478,31512,047,23711,930,33412,626,51215,403,08316,391,40017,208,19317,766,59520,041,09521,159,144 $5,1405,2245,483 1896-7 1897-8 1898-9 5,4245,6926,8006,556 1899-0 1900-1 1901-2 1902-3 . 6,616 1903-4 6,160 1904-5 6,586 6,953 Maintenance. The efforts of the management of the road have been to bringit up to a much higher standard of efficiency, and in pursuance ofthis policy, the maintenance charges have been as heavy as theearnings of the road would justify. The items are as follows: Year ITraffic Density Maintenance per Mile Total Way i Equipment 1900-1 1901-2 1902-3 1903-4 1904-5 1905-6 576,023558,684531,477426,431418,385460,359 $1,2431,0581,0687331,1971,231 $601599634559632671 $1,8441,,8291,902 Average. .. .| 495,226 $1,121 $616 $1,737 MISSOURI, KANSAS & TEXAS 453 St. L. & S. L. S. K. C. Sou Atchison 448,625408,066837,406577,005. 1,5171,6972,1172,236 The average of $1,100 per mile for maintenance of way on aroad with a traffic density of 495,000 ton-mile per mile of road re-flects this policy. The average of $616 per mile for maintenanceof equipment is rather low, but in addition to the regular mainten-ance, the following amounts have been appropriated from surplusearnings for new equipment: 1902-3 $1,160,800 1903-4 1,353,900 1904-5 1,238,200 1905-6 594,700 $4,347,600 The report does not specify the separate items of repairs, butduring the year the road added thirty new locomotives and 2,200new freight cars. These, however, were not paid for from earnings. Surplus Earnings. The surplus shown has steadily increased, so that in 1906 a 2%dividend for the half year was paid on the preferred stock, thebeginning, it is hoped
Size: 2506px × 997px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., boo, bookcentury1900, bookdecade1900, bookidamericanrailway00snyd
