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READING COMPANY REPORT
THE COAL TRADE BULLETIN. .",7
SHOWS A GOOD YEAR.
The eighth annual report of the Reading Company
for the fiscal year ending June 30 gives evi­
dence of prosperity in the anthracite r, o;il industry.
On joint operations of the three companies
record gross and net earnings are shown, while
the large sum of $2,261,000 was added to the sur­
plus account. Following is a summary of th j
joint operations of all three companies.
1905. 1904. 1903.
Gross $80,561,157 $77,040,2o5 $.2,140,743
Expenses 56,457,254 55,240,325 42,815,462
Net $24,103,903 $21,799,930 $19,325,281
Charges & taxes. 14,085,155 14,042,392 14,127,498
Surplus $10,018,748 $7,757,538 $5,197,783
The net result of the business of the three com­
panies for the past fiscal year was as follows:
Phila. & Reading Ry. Co.—
Receipts $37,495,718
Operating expenses 19,480,349
Net earnings $18,015,369
Insurance fund $30,794
Improvements 979,643
$17,004,931
1,010,437
Fixed charges and taxes 9,645,769
Surplus $7,359,162
Phila. & Reading Coal & Iron Co-
Receipts $36,099,419
Expenses 32,035,950
Net earnings $4,063,468
New work at collieries $1,730,974
Interest 1,582,255
Depletion of lands fund 478,325
$271,913
3,791,555
Fixed charges 104,035
Surplus $167,878
Reading Co.—
Income $6,966,019
Expenses 138,960
Net earnings $6,827,058
Fixed charges 4,335,350
Surplus $2,491,707
Surplus of three companies $10,018,748
Out of the above results the disbursements in
the shape of dividends were made as follows:
The accumulated surpluses of the three com­
panies, June 30, 1905, were as follows:
Reading Co., June 30, 1904. . . .$4,125,299
Year ended June 30, 1905 (in­
cluding $4,000,1100 dividends
paid by Phila. & Reading
R.v. Co.) 6,491.707
$10,617,007
Less: Dividends and gen'l sinking fund 4.309,850
Phila. & Reading Railway Co..
June 30, 1904 $7,028,368
Less: Dividend paid Dec. 29.
1904 4,000,000
$6,307,156
$3,028,368
Year ended June 30, 1905 7,359,162
$10,387,530
Phila. & Reading Coal & Iron Co., June
30, 1904 $1,222,788
Year ended June 30, 1905 167,878
$1,390,666
Total surplus June 30, 1905 $18,085,353
TRAFFIC STATISTICS.
1904-1905. 1903-1904. 1902-1903.
Coal traffic $17,163,351 $15,921,800 $13,134,624
Mdse. traffic... 13,036,535 11,932,640 12,564,293
Passenger traffic 5,717.399 5,516,669 5.235,897
Miscellaneous . . 796,458 760,355 654,884
Mail US.324 119.024 118,824
Total P. & R. Ry.$36,832,069 $34,250,489 $31,708,523
Other sources. . . 663,648 688,906 721,267
Total $37,495,718 $34,939,395 $32,429,791
The tonnage of anthracite carried increased from
11,324,624 tons in 1903-1904 to 12,029,459 tons-in
1904-1905, a gain of 704,835 tons, or 6.22 per cent..
and the tonnage of bituminous coal increased from
•8,059,243 tons to 9,184,421 tons, a gain of 1,125,178
tons, or 13.96 per cent. The revenue from coal
traffic increased from $15,921,800 to $17,163,351.47.
a gain of $1,241,551.47, or 7.80 per cent.
The High House Coal & Coke Co. has voted to
increase its capital stock from $30,000 to $75,000
and build a number of ovens this fall. W. S.
McClay. of Uniontown, Pa., has been elected sec­
retary and treasurer. The company has 122 acres
of coal and surface near High House, Fayette
county, Pa,