Report, 1950: Annual Report of the Delaware, Lackawanna & Western Railroad, for the year ended Dec. 31, 1950.

Archive

-

Hoboken Historical Museum

front cover

front cover

Name/Title

Report, 1950: Annual Report of the Delaware, Lackawanna & Western Railroad, for the year ended Dec. 31, 1950.

Entry/Object ID

2012.001.0048

Scope and Content

99th Annual Report of the Delaware, Lackawanna and Western Railroad Company, for the year ended December 31, 1950. 4to booklet (9"x 11"). 32 pp. plus covers. Cover photograph: Coal dumpers located at Jersey city, N.J. capable of transferring 30 cars of coal per hour from cars to barges. Inside front cover, photo: The Tunkhannock Viaduct, largest concrete viaduct in the world, located at Nicholson, Pa., (19 miles west of Scranton, Pa.). It is 240 feet in height and 2,375 feet long. All other illustrations are graphs or charts. Text in notes for page [1], table of contents and Highlights for 1950.

Acquisition

Accession

2012.001

Source or Donor

Purchase

Acquisition Method

Purchase

Credit Line

Museum Collections.

Archive Details

Date(s) of Creation

1950 - 1951

Archive Notes

Date(s) Created: 1951 Date(s): 1950-1951 Level of Description: Item

Condition

Overall Condition

Good

General Notes

Note

Display Value: Good Notes: 2012.001.0048 D.L. & W. R.R. 99th Annual Report, for 1950. Table of Contents PRESIDENT'S LETTER 2 Rates and Fares 4, 5 Labor Relations 5-7 Revenues .......... 7 Operating Expenses 8 Taxes 9 Additions and Betterments..................10, 11 Financial ..................................11, 12 Senate Investigation .......................12, 13 GENERAL BALANCE SHEET ..................14, 15 INCOME ACCOUNT ........................... 16 OPERATING REVENUES ....................... 17 EARNED SURPLUS ............................. 18 FREIGHT TRAFFIC MOVEMENT . . ............ 18 OPERATING RESULTS AND STATISTICS ....... 19 TAX ACCRUALS ............................... 20 NEW RAIL AND ROCK BALLAST............... 20 WELFARE EXPENDITURES ..................... 21 PENSIONS ..................................... 21 GROUP INSURANCE ....................... .. . 21 MILES OF ROAD OPERATED ................... 22 TRACKAGE RIGHTS ........................... 22 MILES OF TRACK OPERATED .................. 22 EQUIPMENT ................................... 23 FUNDED DEBT AND EQUIPMENT OBLIGATIONS .....................................24, 25 COMPARISON OF EXPENSES .................26-29 STATEMENT OF OPERATIONS ...............30, 31 ACCOUNTANTS' CERTIFICATE................. 32 ----- Highlights of 1950 Gross revenue of $82,343,568 as compared with $80,476,508 in 1949, an increase of 2.32% Operating expenses of $63,995,304 as compared with $64,985729, a decrease of 1.53% Taxes of $9,089,737 as compared with $7,881,695, an increase of 15.33% Income available for fixed charges of $9,422,641 as compared with $7,698,842 Fixed Charges of $4,989,303 as compared with $4,912,487 Times fixed charges earned 1.9 as compared with 1.6 Net income of $3,842,749 as compared with $2,224,209 (before capital and sinking funds). This represents $2.28 per share as compared with $1.32 Dividends paid per share of common stock, 25c to 10,500 stockholders Average number of employees, 11,876; average investment per employee, $22,874. Status: OK Status By: dw Status Date: 2012-06-15