Full text of Commercial and Financial Chronicle : December 16, 1922 : Railway Earnings Section, Vol. 115, No. 2999

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RAILWAY EARNINGS
SECTION OF THE

COMMERCIAL

&

FINANCIAL CHRONICLE

Copyrighted in 1922 according to Act of Congress, by WILLIAM B.DANA COMPANY,in office

of Librarian of Congress, Washington, D.C.

NEW YORK, DECEMBER 16, 1922.

VOL. 115.

NO. 2999.
_.........

HIS entire publication is devoted to a presentation of the reports of earnings
r) and
and expenses of United States railroads for the latest month (Octobe
s
embrace
table
The
month.
said
g
includin
date,
to
year
for the calendar
monthly
make
to
obliged
is
which
every steam operating railroad in the country
are now
reports to the Inter-State Commerce Commission at Washington. Returns
, exceed
earnings
gross
or
,
revenues
required only from carriers whose railway operating
$1,000,000 per annum.
The figures are a transcript of the sworn returns on file at Washing
Sworn Returns. ton. They have the further advantage of uniformity of method
on the same basis
and classification. Every company is obliged to make up its returns
and in the same way as every other company.
The"Chronicle" has always made a specialty of weekly and monthly
weekly
Earnings
reports of railroad earnings, and for nearly fifty years itsauthorias
d
Our Specialty,
accepte
ere
and monthly summaries have been everywh
tative. The present publication is in continuation of this work.
These Inter-State Commerce returns also make it possible for us
Full Details.
to present full details of both the revenues and expenses. Besides
er and the freight
showing total gross earnings, we indicate separately the passeng
both maintenance
for
outlays
the
report
we
tures
the
expendi
of
case
the
In
s.
revenue
tation expenses.
transpor
and
traffic
the
as
well
as
nt
of way and maintenance of equipme
on of such
deducti
the
after
We also show the railway tax accruals and the net earnings
railway
tible
uncollec
of
item
trifling
tively
compara
the
of
taxes and also the deduction
n of
revenues. In addition, we indicate the net earnings remaining after the deductio
giving
by
e
conclud
We
rent.
facility
joint
and
rents
nt
certain rents, namely equipme
the miles operated on which the earnings are based.
The cents we have necessarily been obliged to discard altogether, and
Cents Discarded. if in any case the results should happen to vary a dollar, one way or
that circumstance.
the other,from exact proof, the reason for the variance will be found in
To make this publication absolutely complete, we add statements
Company Returns at the end to show also the figures issued by the companies themAlso Given
selves, where they are made up on a basis different from that of the
items of information, or
Commerce Commission returns, or where they give additional es in consolidated form,
compani
the
by
issued
are
figures
,
where, as sometimes happens
ent road separately.
so as to show results for the system as a whole,instead of each constitu
The matter contained in this extra and novel publication is entirely
in
Other Returns
additional to the comprehensive reports of earnings we furnish
leading
the
of
returns
the
All
Continued.
the "Chronicle" from week to week.
regularly and promptly
roads, and also all weekly figures of gross earnings, are printed
once a month—say
issue
in the "Chronicle" as soon as received. But in addition we
dium of earnings
compen
of
sort
a
ng
furnishi
about the 15th—this special publication,
available.
are
which
month
latest
the
for
returns
the
all
together
bring
in which we
.
As in the case of our numerous other Supplements or "Sections,"
Only for
all of which are expensive publications, the "Railway Earnings
Subscribers.
Section" will be furnished only to "Chronicle" subscribers. These
will receive it free of charge, one copy going with each subscription. It will be impossible to obtain copies in any other way, as none will be printed for general sale.

T

WILLIAM B. DANA COMPANY, PUBLISHERS
NEW YORK
90 PINE STREET




136-138-140 FRONT STREET

•




Have you all the facts
Covering Railroad Securities
and the merits of the
various issues?

A general tendency toward improvement in the bond marke
t does not
necessarily mean that an investor should choose indisc
riminately from
a list of railroad obligations. Improvement in the positi
on of railroad
securities should determine the investor to make
even more certain
which are really the best purchases.
To obtain investment satisfaction you want most
of all—security.
In selecting bonds to-day by what shall you be guide
d? Do you know
which bonds are selling at a price commensura
te with their safety?
Since 1917 we have Shad a force of statisticians engag
ed in an analysis
of the leading railroads and their obligations. In
our determination to
show the relative merits of each security we keep up-todate an exhaustive and detailed report that is exact and complete
in every respect.
Institutions and individuals find the information contai
ned in these
reports of great assistance in two ways: to obtain an
unbiased report
on their present holdings, with sound reasons why certain
bonds should
be changed or sold, depending upon their strength or
weakness; and
also to secure authoritative advice as to which railroad
obligations
to-day return the highest yield compatible with unquestioned
safety.
If you want the best, not the fourth or fortieth best,
may it not be worth
your while to permit us to submit a report on your holdin
gs of railroad
bonds, or obtain our suggestions for additional invest
ments?

BROOKE, STOKES & CO.
Members Philadelphia Stock Exchange
140 South Fifteenth St.
Philadelphia
734 Fifteenth St., N. W.
300 North Charles St.
Washington, D. C.
Baltimore, Md.

DEC., 1922.]

3

RAILWAY EARNINGS

GENERAL INDEX
TO ROADS APPEARING IN THIS SECTION.
Page.
Name—
4
Akron Canton & Youngstown
4
Alabama & Vicksburg
Alabama Great Southern. See Sohthern_12
Ann Arbor *.
4
Arizona Eastern. See Southern Paeific_12
4
Atchison Topeka & Santa Fe
4
Atlanta & West Point
Atlanta Birmingham & Atlantic
4
Atlantic & St. Law. See Grd. Trk. Sys. 7
Atlantic City
4
Atlantic Coast Line
4
Atlantic Steamship Lines. See So. Pac_12
Baltimore & Ohio
4
Baltimore & Ohio Chicago Terminal_ __ _ 4
Baltimore Ches. & Atlantic. See Penn 10
4
Bangor & Aroostook
Beau.SourL.&W. SeeN.Orl.Tex.&Mex. 9
14
Bellefonte Central
4
Belt Railway of Chicago
4
Bessemer & Lake Erie
5
Bingham & Garfield
5
Boston & Maine
5
Brooklyn Eastern District Term
5
Buffalo & Susquehanna
5
Buffalo Rochester & Pittsburgh
14
Canadian Pacific
Carolina Clinchfield & Ohio
5
Central New England
5
Central of Georgia
5
Central RR. of New Jersey
5
Central Vermont
5
5
Charleston & West Carolina
Chesapeake & Ohio Lines
5
5
Chicago & Alton
5
Chicago & Eastern Illinois
7
Chicago & Erie. See Erie
Chicago & North Western
5
Chicago Burlington & Quincy
5
Chicago Det. & Can. Grand Trk. Jct.
7
See Grand Trunk System
5
Chicago Great Western
Chicago Indianapolis & Louisville
5
Chicago Junct. See Chic. River & Ind. 6
Chicago Milwaukee & St. Paul
5
Chicago Peoria & St. Louis RR
5
Chicago River & Indiana
6
Chicago Rock Island & Gulf
6
Chicago Rock Island & Pacific
6
Chicago St. Paul Minn. & Omaha
6
Chic.TerreHa.&South. SeeC.M.&St P. 5
Cincinnati Indianapolis & Western_ __ _ 6
Cincinnati Lebanon & North. See Penn_ 10
Cinc. New On.& Texas Pao. See South _12
Cincinnati Northern. See N.Y. Central_ 9
Cleve. eine. Chic.& St. L. See N.Y.C.. 9
Coal & Coke. See Baltimore & Ohio.. _ _ _ 4
Colorado & Southern
6
Columbus & Greenville. See Mob.& 0_ 9
Cumberl. Val. & Martinsb. See Penn_10
Delaware & Hudson
6
Delaware Lackawanna & Western
6
Denver & Rio Grande
6
Denver & Salt Lake
6
6
Detroit & Mackinac
6
Detroit & Toledo Shore Line
Det. Gr. Hay. & Mil. See Gr. Tr. Sys_ 7
6
Detroit Toledo & Ironton
6
Duluth & Iron Range
6
Duluth Missabe & Northern
6
Duluth South Shore & Atlantic
toint=Winnipeg & Pacific
6
East St. Louis Connecting



Page.
Name—
7
El Paso & Southwestern
Elgin Joliet & Eastern
7
Erie
Florida East Coast
7
14
Fonda Johnstown & Gloversville
7
Fort Smith & Western
Fort Worth & Den. City. See Col.& Sou. 6
Ft. Worth & Rio Gr. See St. L.-S. F _11
Galv. Harrisb. & San Ant. See Sou. Pac.12
Galveston Wharf
7
Georgia
Georgia & Florida
7
.Georgia Southern & Fla. See Southern.._12
Grand Rapids & Indiana. See Penn_ ....10
Grand Trunk System
7
•
Grand Trunk Western
7
Great Northern
7
Green Bay & Western
7
Gulf & Ship Island
7
Gulf Colo. & Santa Fe. See Atchison 4
Gulf Mobile & Northern
7
7
Hocking Valley
Houston & Texas Cent. See Sou Pac 12
Houston East & West Tex. See So. Pac_12
Illinois Central
7 and 14
Indiana Harbor Belt. See N Y Central_ 9
International & Great Northern
8
International Ry. Co of Me
8
Kanawha & Mich. See N. Y. Cent_ _ _ _10
Kansas City Mexico & Orient RR
8
Kan. City Mex & Orient Ry. Co. of Tex_ 8
Kansas City Southern
8 and 14
Kansas Oklahoma & Gulf
8
Lake Erie & West. See N. Y. Chicago
& St. Louis
10
Lake Superior & Ishpeming
8
Lake Terminal
8
Lehigh & Hudson River
8
Lehigh & New England
8
Lehigh Valley
8
Long Island. See Pennsylvania
10
Los Angeles & Salt Lake
8
Louisiana &.Arkansas
8
Louisiana Railway & Navigation Co.._ _ _ 8
Louisiana Western. See Southern Pac 12
Louisville & Nashville
8
Louisville Henderson & St. Louis
8
Maine Central
8
Maryland Delaw.& Virginia. See Penn _10
Michigan Cent. See N. Y. Central_ _ _ _10
Midland Valley
8
8
Minneapolis & St. Louis
Minneapolis St. Paul & S. S. M
9
Mississippi Central
9
Missouri & North Arkansas
9
Missouri Kansas & Texas
9 and 14
Missouri Kansas & Tex. Ry. of Texas.. _ 9
Missouri Pacific
9
Mobile & Ohio
9
10
Monongahela. See Pennsylvania
9
Monongahela Connecting
9
Montour
Morgan's Louis. & Texas RR & SS. Co
12
See Southern Pacific
9
Nashville Chattanooga & St. Louis_ _
9
Nevada Northern
9
Newburgh & South Shore
7
New Jersey & New York. See Erie_
New Orleans & North East. See South_12
9
New Orleans Great Northern
9
New Orleans Texas & Mexico
9
New York Central

Page.
Name—
10
New York Chicago & St Louis
10
New York Connecting
New York New Haven & Hartford
10
New York Ontario & Western
10
New York Phila.& Norfolk. See Penn_ _11
New York Susquehanna & Western_ _ _ _10
Norfolk & Western
10
Norfolk Southern
10
Northern Alabama. See Southern
12
Northern Pacific
10
Northwestern Pacific
10
Oregon Short Line. See Union Pacific_ _13
Oreton-Wash. RR.& Nay. See Un.Pac_13
4
Panhandle & Santa Fe. See Atchison_
Pennsylvania Railroad and Co-10 and 14
Peoria & Pekin Union
11
Pere Marquette
11
11
Perkiomen
Philadelphia & Reading Ry
11
Pittsburgh & L. E. See N. Y. Central_ _10
Pitts. Cin. Chic. & St. Louis. See Penn_11
Pittsburgh Shawmut & Northern
11
Pittsburgh & Shawmut
11
Pittsburgh & West Virginia
11
Port Reading
11
Quincy Omaha & Kansas City
11
Richmond Fredericksburg & Potomac_ _11
Rutland
11
St. Joseph & Grand Isl. See Union Pak _13
St. Louis-San Francisco
11 and 14
St. L. Brownsv.&Mex. SeeN.0.T.&M _ 9
St. Louis Merchants Bridge & Terminal.
See Terminal Association of St. Louis_13
St. Louis San Francisco & Texas. See
St. Louis-San Francisco
11
St. Louis Southwestern
11 and 14
St.LouisS.W.Ry.ofTex. SeeSt.L.&S.W.11
St. Louis Transfer
11
San Antonio & Aransas Pass
12
San Antonio Uvalde & Gulf
12
Seaboard Air Line
12
Southern Railway
12
Southern Pacific
12 and 14
South. Ry.in Miss. See Col. & Greenv_12
12
Spokane International
12
Spokane Portland & Seattle
12
Staten Island Rapid Transit
13
Tennessee Central
Terminal Railroad Assn. of St. Louis_ _ _13
Texarkana & Ft.Smith. See Kan.C.So. 8
Texas & New Orleans. See So.Pac_ _ _ _12
13
Texas & Pacific
To!. & Ohio Cent. See N.Y. Central_ _ _10
Toledo Peoria & Western. See Penn.._ _ _11
13
Toledo St. Louis & Western
Trinity & Brazos Valley. See Colorado
6
& Southern
13
Ulster & Delaware
13
Union RR. (of Pennsylvania)
13 and 14
Union Pacific
13
Utah
13
Vicksburg Shreveport & Pacific
13
Virginian
13
Wabash
West Jersey & Seashore. See Penn_ _ ...11
13
Western Maryland
Western Pacific
13
13
Western Railway of Alabama
13
Wheeling & Lake Erie
13
Wichita Falls & Northwestern
6
Wichita Valley. See Colo. & Sou
13
Yazoo & Mississippi Valley

4

[VOL. 115.

RAILWAY EARNINGS

REVENUE RETURNS OF

UNITED STATES RAILROADS
FOR OCTOBER AND FOR THE TEN MONTHS ENDING WITH OCTOBER.
In the following we furnish detailed figures of earnings and expenses for October 1922, as compared with
October 1921, and also for the ten months ending with October in the two years, of every steam railroad in the
United States which is obliged to file monthly returns of earnings and expenses with the Inter-State
Commerce Commission at Washington.
It should be understood, however, that the Inter-State Commerce Commission now requires monthly reports
only from roads whose gross railway operating revenues exceed $1,000,000 per annum. Prior to the taking over
of the roads by the Government, or, to be strictly accurate, prior to the call for the March 1918 reports, monthly
returns were required from all carriers having railway operating revenues in excess of $100,000 per annum.
In the closing page of this publication-page 14-we also give the Company returns where these differ in any
way from the Commerce Commission returns or embrace more facts than are contained in the latter.
Akron Canton & Youngstown

Alabama & Vicksburg
-Month of October- -Jan. 1 to
1921.
1922.
1922.
EARNINGS.
$
280,356 1,718,302
191,802
Freight revenue
61,260
58,298
571,437
Passenger revenue_ _ 270,802
367,190 2,470,525
Tot.,incl. other rev.
43,095
460,557
42,227
Expenses-Maint.way
61,911
Maint. of equipm't_
469,287
64.787
Traffic expenses_
8,188
8,607
83,498
117,108
94,345
957,385
Transportation exp_
248,728 2,107,992
223.971
Tot.exp..incl.oth.
Net from railroad_ --118,462
46,831
362,533
Taxes
20,192
18.012
191.427
Uncollectible revenue..
57
431
Net after taxes, &c_
98.270
28,762
170,675
Net after rents
98,416
36,285
217,986
Aver. miles ofr'd oper.
141
141
141

Baltimore & Ohio

Ann Arbor

-Month of October- -Jan. 1 to Oct. 31- -Month of October1922.
1921.
1921.
1922.
1921.
1922.
$
$
Freightrevenue
398,083
449,183
181,376 1.726,868 1,296,199
186,039
78,482
Passenger revenue.._ _
40,771
13,055
1,280
48,341
901
Tot.,incl. other rev.
463,028
196.796
520,708
190.116 1,821,853 1,391,816
64,904
Expenses-Maint.way
50,187
226,157
219,056
39,585
30.337
Maint. of equipm't_
108,893
158,693
19,280
100,065
193,269
21,461
Traffic expenses_ _ _
8,651
8,214
48,037
59,654
4,878
7.153
169,524
191,446
Transportation exp_
439,943
519.650
58,749
60,266
371,100
946,360
362,669
132.432 1,076,036
124.552
Tot.exp.,incl.oth.
Net from railroad- _ -91,928
445,456
745,817
158,039
57,684
72,244
Taxes
22,440
90,000
20,400
100,500
9,000
11,000
1
Uncollectible revenue_
10
128
29
69,487
Net after taxes, &c_
355,456
137.629
645,189
48,684
61,215
Net after rents
36,600
120,268
210.014
379,381
36,64
33,361
293
Aver. miles of r'd oper.
293
170
170
170
170
EARNINGS.

Includes Coal & Coke
-Jan. 1 to Oct. 31-Month of October- -Jan. 1 to Oct. 311922.
•1921.
1921.
1922:
1921.
1922.
3,530,123 3,468,846 15,850,210 15,540,083126,075.208131,459.588
428,538
528,697 2,405,474 2,508,262 22,314,007 25,171,475
4,154,798 4,202,814 19,702,229 19,045.952160,049,024167,216,726
529,340 1,900,730 2,465,067 19,306.407 20,064,396
519,649
765,461
925,576 5,643,858 4,557,375 39,373,396 37,709,231
278,535 2,966,828 2,720,123
93,435
83,112
311,379
1,824.017 1.848.642 7,346,391 6,760.957 66,198.802 72,619,777
3.361,058 3,527,313 15,791,328 14,688,248133,958.516139,781,701
793,740
675,501 3,910,901 4,357,704 26,090,508 27,435,025
715.690 6,373,276 6,176,480
215.760
198,200
115,992
72,167
33,513
382
6.192
146
2.186
577,598
477.155 3,792,723 3,635,822 19,645.065 21,225.032
329.635
361,205 3,081,157 3,422,497 15,572.377 18,693,694
293
5,184
5,235
293
5,184
5,235

Atlanta & West Point

Oct. 31- -Month of October- -Jan. 1 to
1922.
1921.
1921.
1922.
$
157,411
112,255 1,100,672
2,022,435
74.566
70,824
606,783
715.144
268,757
216,161 2,095,853
2,817,535
39,854
31,631
279,006
485,772
54,135
51,224
438,653
573,076
8,715
,636
79,295
80,307
88,141
86,519
795,058
1,186,216
204.588
191,674 1,731,370
2.467.336
64,169
24,487
364,483
350,191
14,640
8,201
116,200
189,76?
840
1,654
100
48,689
16,286
246,629
160,33t
38,344
51,136
167,995
188,67(
93
93
93
141

B & 0 Chicago Terminal

Oct. 31- -Month of October- -Jan. 1 to Oct. 311921.
1921.
1922.
1922.
1921.
$
1,030,712
797,976
2,102,044
290,277 2,545,576 2,167,506
304,063
277,542
360,154
356,106
33,519
41,801
461,934
363,516
360,076
64,070
33,825
80,429
14,412
18,775
1,856
1.458
845,503
160,690
151.469 1,453,444 1,342,530
1,826,226
.274,200
242.906 2,337,028 2,254,512
285,818
29,863
208,548 -87,006
47,371
124,879
369.180
51,397
487,889
38,355
27
6,123
307
447
160,912 -.21,534
..-462,309
8.569 -279.648,
118,768
523,094
89,751
836,526
137,121
93
90
91
91
90

Atchison Top & Santa Fe System Atlanta Birmingham & Atlantic

Bangor & Aroostook

-Month of October- -Jan. 1 to Oct. 31- -Month of October--Jan. 1 to Oct. 31Atchison 'Topeka & Santa Fe
1921.
1922.
1922.
-Month of October- -Jan. 1 to Oct. 311921.
1922.
1921.
1921.
1922.
i
i
1921.
$
3
1922.
1921.
1922.
Freight revenue
280,175 2,583,813 2,022,717
307,377
14,731,649 13,759,350106,002,398108,455,146
492,213
5,336,999 5,015,675
665,367
47,546
32,568
397,049
Passenger revenue_ _ _ 3,366,336 3,444.987 34,979,370 38,939,305
355,662
72.914
777.27
64,540
739.516
382,801
Tot.,incl. other rev 19,861,746 18,691,589153,656,745158,448,151
340,392 3,241,862 2,593,420
592,857
753.831 6,310,230 6,010,175
66,887
79,366
596,713
776,898
25,691,300
1,988,512
Expenses--Maint.way 2,530,892
15,322,962
122,976
108,727 1,247.815 1,026,143
89,016
94,057
Maint. of equipm't_ 4,292,068 3,600,481 35.764,007 32,220,607
876.690
966,735
134,265
125,360 1,251,531 1,492.597
22,771
22,999
212,219
Traffic
209,793
256,336 2,630,843 2,583,827
_
4,222
267,018
44,827
4,912
39,773
182,435
175.126 1,619,560 1,755,591
Transportation
expenses_exp. 5,945,824 5,701,834 48.294.243 56.477.241
175,568
202,899 1.803,186 2.093,633
375,675
390,692
3,4541318,
3,867,708
Tot.exp.,incl.oth. 13,335,697 11,859.002115,481,153109,878,824
459,346
462.924 4,549.306 4,903,335
7,126- 50,300 -.212,456-.1,274,288
Net from railroad_ -- _ 6,526,049 6,832,587 38,175,592 48,559,331
133.511
290,907 1,760,924 1,106,840
13.452
18,060
183,118
Taxes
134,965
45.052
2,177.262 1,350,207 12,766,665 11,123,227
339,984
44,314
457,855
204
6,232
2.888
7,864
Uncollectible revenue_
146
39,373
43.524
13,297
13.138
1.271
19
2.140
-6,530 -.71,248- 353.653-1,465.270
Net after taxes, &c_ 4,335,649 5,469.083 25,365,403 37,406,735
88,313
765,585
246,574 1,300,929
-6,118 -.82,206 -439,408-1,504,116
Net after rents
132,372
4,561.577 5,648,383 •26,803,081 y8,409,342
878,391
248,900 '
-1,483,142
639
Aver. miles ofr'd oper.
639
639
639
616
8,856
8,827
8,821
8,855
624
659
659
Atlantic City
Belt Railway of Chicago
Gulf Colorado & Santa Pe
-Month
of
OctoberOctober-Month
-Jan.
of
1
to
Oct. 31-Jan. 1 to Oct. 31-Month of October- -Jan. 1 to Oct. 311922.
1921.
1921.
1922.
1922.
1921.
1922.
1921.
1921.
EARNINGS.
1922.
1921.
1922.
$
$
$
$
$
$
$
$
$
131,095
Freight revenue
129,463 1.238,893 1,181,453
2,031,634 2,069,399 14,492,587 20,137,071
159,740
Passenger revenue_ -146,914 2.743.990 2.888.159
361.964 3,399,471 3,935,054
386.211
307.113
Tot.,incl. other rev. 2.571,776 2,564,951 19,158,857 25,056,542
288,966 4,106.416 4,163,201
572,241 4.977,838 4,590,300
610,752
92,439
640,622
93,779
49,261
640.082
55,110
3,285,458
273,157
523,019
481,117
3,579,890
354,995
Expenses-Maint.waV
33,006
Maint. orequium't_
39.969
530,450
369,648
50.355
450,320
48,133
576,364
483,016
496,492 4,484,895 5,123,465
8,916
Traffic expenses.._ 3,964
38,135
67.602
45,504
405,350
948
2,600
21,829
429,260
10,899
38,633
241,372
Transportation exp_
186,282 2.303,797 2,174.708
770.248
226,586 2,213,110 2,198,100
249,992
731,333 6,205,916 8,194,144
379,632
328,816 3,426.538 3.417,827
Tot.exto.,1nci.oth. 1,605.531 1.689,618 15.359.754 17.708,682
336,002 3,296,890 3,4 ,_18 717
368.383
Net from railroad__ -966,243
745,374
679,878
242,368
236,239 1,680,947 1,171,583
875,333 • 3.799,16 7,347,860 -72,519 -39,850
Taxes
20,064
18,730
83,371
714,588
190,357
195,841
276,670
71,225
350,210
724,071
33.380
30,399
Uncollectible revenue_
17
254
3.568
22,805
93
8,961
9,873
Net after taxes, &c_
-92,583 -58,580
882,618
480,469
894,913
554,924
208,988. 205,840 1,330,737
794,235 3M66,071 6.610,467
Net after rents
839,805' 762,354
78,646
220,480
167,608
77,446 6,018,578 - 138,109 -76,852
133,956 1,387 ,285 1,335,497
Aver. miles ofr'd oper.
176
177
1,907
176
31
32
1,907
1,907
1,907
32
31
177
EARNINGS.

EARNINGS.
Freight revenue
Passenger revenue
Tot.,incl. other rev.
Expenses-Matnt.way
Maint. of equipm't_
Traffic expenses_ _ _
Transportation exp_
Tot.exp.,incl.oth.
Net from railroad..__ _
Taxes
Uncollectible revenue_
Net after taxes, &c..
Net after rents_ _ _ _
Aver. miles ofr'd oper.

Panhandle & Santa Fe
-Month of October- -Jan. 1 to Oct. 311922.
1921.
1921.
1922.
$
$
$
$
710,545
831,666 4,874,630 6,215,848
129,075
149,253 1.161,309 1,401,930
888,765 1,025,406 6,455,816 8,012,410
188,688 Cr10,911 1,652,479
512,561
234,546
269,826 1,916,705 2,142,184
7,746
6,059
70,837
65,767
264.992
282,259 2,102,985 2,744.097
712.737
562.380 5,921,632 5,668 932
176,028
463,026 • 534,184 2,343,478
22,547
21.624
223,671
203,067
391
Cr152
2,510
3,116
153,090
441,554
307.307 2.137,901
120,45
406,665
-.1,815 1,803.299
857
857
857
857




Atlantic Coast Line

-Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
$
$
$
$
4,265,972 3,641,410 39,655,365 36,598,983
1357,037 1,113,345 12,936,594 14,093.480
6,118,955 5,543,204 57,583,462 55,333,540
739,348
816,740 6.781,523 8,083,413
1,313,305 1,390,996 11,572,849 12,662,373
101,016
93,249 1,042,977
962,195
2,260,560 2,159,216 21,249,710 25,063.110
4,564,877 4,624,422 42.305,418 48,486,637
1,554.078
918,782 15,278,044 6,846,903
450,000
250,000 3,025,000 2.675,000
957
260
18,015
6,225
1.103.121
668,522 12.235,029 4.165,678
1,258,875
723,239 12,098,483 3,716,530
4,929
4,898
4,888
4,923

Bessemer & Lake Erie.
-Month of October- -Jan. 1 to Oct. 311921.
1922.
1921.
1922.
$
$
$
$
2,120,241 1,269,060 11,185,346 11,326,461
320,641
30,460
28,218
402.864 4
2,176,595 1,320,603 1L732,576 11,950.996
148,695 1,088,940 1,642.745
100,199
406,264 3,171,953 4,249.754
385.373
148.716
158.592
12.838
15.751
342,498 3,545.435 3,670,796
511,564
1047015
938.752 8,269.042 10,061,237
381,851 3.463.534
1,128.680
317.656
32,598
36,752
312,195
Cr153
16
157
163
. 1,577.401
349,237 3,146,031
1,091,771
386,102 3,626,904 1,878,696
1,227,963
225
225
225
225

-1717,r0

Central New England

Bingham & Garfield

-Month of October- -Jan. 1 to Oct. 31- -Month of October1921.
1922.
1921.
1922.
1921.
1922.2
EARNINGS.
$
$
$
$
$
S
727,541
615,131
140,979
178,217
10,730
M 26.557
Freight revenue
23.831
19,934
4.071
877
•
231
-s18
0
'
_
Passenger revenue_ 781,518
669,220
153,956
181,328
11,302
27,094
Tot.,incl. other rev.
164,161
140,013
196,065
152.757
24,158
7.915
Expenses-Maint.way
121,280
140,079
45.493
39,978
3,347
6,297
Maint. of equipm't_
3,931
4,968
14,597
13,677
1,078
1,392
Traffic expenses_
282,368
247,661
80.157
50,115
6,398
5.664
Transportation exp.
583.001
542.916
377.482
299.387
38.577
25,667
Tot.exp.,Incl.oth.
198,517
126,304
1,427 -27.27.5 --118,059 -223.526
Net from railroad--21.383
22.177
60,940
44.708
8.747
2,602
Taxes
246
17
6
revenue_
Uncollectible
104,127, 176,888
-1,175 -36,022 -162.773 -284,483
Net after taxes, &c_
76,363
71.508
12,179 --34,731 -52,869 --245,061
Net after rents
35
301
295
34
35
34
Aver. miles ofr'd oper.
EARNINGS.
Freight revenue
Passenger revenue_ _ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic
exp_
expenses-..
Transportation
.
exp.,incl.oth
Tot
Net from railroad_ __ _
Taxes
Uncollectible revenue_
Net after taxes, &c_
Net after rents
Aver. miles of r'd oper.

EARNINGS.

-Jan. 1 to
1922.
$
5,067.973
192,882
5,539,200
1,217,222
910,392
43,108
2,024,375
4.305,826
1,233,374
224,489
255
1,008,630
622,888
295

Chicago & Eastern Illinois

Oct. 31- -Month of October-1921.
1922.
1921.
$
$
3
6,449,885 1.792,094 2,143,227
395,823
377,238
248.779
6,963,639 2,371,433 2,701,931
241,054
226,275
1,354,470
705,275
713.408
1,032,050
35.719
47.334
39,658
932.422
912,670
2.565,163
5.132,709 1.976.060 1.987.887
714,044
395,373
1,830,930
120.000
110,000
203,788
623
206
1,206
593.421
285.167
1,625,936
687.343
448,077
949,288
945
1,130
301

-Jan. 1 to Oct. 311922.
1921
$
$
14,631,829 17,074,162
3,780,518 4,266,184
19.936,499 22,826,018
2,348,523 2.282,996
5.240,149 7.484.634
426,902
360,453
8,411,167 9.412.465
17.189.207 2.0331.600
2,747,292 2.491,418
930,000
970,000
4.155
5.517
1,813.137 1,516.101
1,908,350 1,760,918
945
1.130

Chicago & North Western
Central Railroad of New Jersey
Boston & Maine
to Oct.231- -Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31.1
-gam of October- -Jan.
1922.
1921.
1922.
1921.
1921.
1922.
1921.
1922.
1922.
$
$
$
3
$
$
$
$
i
$
$
$
39,594,655 4,081,656 3,918,916 29,274,080 33,749,916 11.076,339 10,521,908 83,257,863 82,040,609
4,619,090
1,893,884
7,474,118
868,029
1,577,856
64,532
3.414,354
6.168,196
1,305,922
253,162
63
1,052,697
624.245
2,287

4,768,815 39,719.727
1,920,995 18.947,366 20,017,110
7,314,654 65,949,045 65,245,877
1,137,594 9,630,327 10,986,402
1,353,821 13,023,469 13,323,208
605,534
555,529
65,447
3.114.939 29.667,142 33,868,906
5,893.737 55,280,968 61,521.687
1,420,917 '10,668,077 3,724,190
232,635 2,116,913 2,538,103
1,159
2,437
95
1,188,187 8,548.727 1,184,928
829.346 5,749,110-4,377,353
2.300
2.287 •
2,300

Brooklyn Eastern District Term.

Freight revenue
Passenger revenue_ _ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic
exp _
expenses-Transportation
Tot.exp..incl.oth.
Net from railroad_ --Taxes
Uncollectible revenue_
Net after taxes, kc_
Net after rents
Aver. miles ofr'd oper.

5

RAILWAY EARNINGS

DEC., 1922.]

757,289
5,152,697
462,736
1,067,431
32,201
2.187.755
_3.872.394
1.280,303
370,550
266
909,487
965.151
691

737.965 8.095,349
4,878.801 40,105.672
682,493 4,580.192
1,414.221 10,116.303
340,039
43,786
1,737,308 17,472,012
3,995,706 33.724,523
883.095 13,381,149
261,663 2,697,510
2,009
272
621,160 3,681,630
575,273 3,414,164
691
685

8.300,171
44,347,958
5,400.326
9,899,920
352.407
18,327,950
35.263,904
9,084.054
2.482,535
2,127
, 6,599,392
6,356,566
685

Central Vermont

1 to Oct. 31-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan.
1921.
1922.
1921.
1921.
1922.
1922.
1921.
1922.
$
$
$
$
$
$
•
$
$
505,872 4,377.849 4,262.089
632,490
117,043 1,230,296 1,032,342
114,285
109.084 1.022.760 1,173.412
97,860
-----670,838 6,006.912 5,933,20,
791,590
124,066 1,309,776 1,099,893
123,582
898,833 1,181.835
95,341
70,987
88,257
56.375
14,258
5,535
940,258 1,395,673
159,261
87.047
89,107
174,661
19,770
14,930
123,332
130.084
12.593
2,523
1,554
13,685
105
160
407,649
301.776 3,043.706 3,419,457
369.012
497.761
40,160
48,759
6,366.966
5.254,750
495.854
581,610
766,715
777.614
80,671
73,593
752.162 -433,759
333,178
174,987
209,980
532,162
43,395
49,989
210.920
175,700
17,852
66,273
17,570
64,174
6,349
6,212
509
945
80
575,517 --645,188
157.052
192.410
266.905
467,988
37,046
43,777
249,218 -828,217
122,057
114,269
266,925
467,988
37,046
43.777
533
532
533
9
•532
9
9
9

2,187.548
14.864,079
2,017,925
3,253,708
155.024
6,160,524
11,948,333
2,915,746
830,000
3,622
2.082.124
1,808,430
8,403

2,530.069 24,449,179 28,748,948
14,630,349 121255,715 123335.924
2,193,203 16,170,942 18,171,186
2,749,072 24.506.740 27,794,533
137,703 1.523,033 1.590,059
5,726.654 52,313.324 56,445,967
11.195,400 98,276,695 108334.002
3,434,949 22,979,020
695,000 7,500,000
1,426
24,871
2.738,523 15,454,149
2,557,396 14.543.962
8,403
8,402
----

Chicago Burlington & Quincy
-Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
$
$
$
$
13,187,089 13,150,290 98,359,622 103467,126
2,446,275 2,512,042 23,676,106 26 889,799
17,093,728 16,993,575 134239,029 141724,841
2,188,589 2.924,141 17,961.576 18,820,664
3.607,108 3,307,348 28,337,083 27,664,714
154,608 1,889,583 1,780,063
168,040
6,397,756 5.528,306 51.836,634 53.682.360
12.730,541 12,402.272 104262,278 107169,927
4,363,187 4,591,303 29,976,75f 34,554,914
811,684 9,206,361 8,203.952
831,077
3,844
26.202
6,675
54,601
3,525,435 3.775,775.20.744.188 26,296,361
'3.576,12319.159.63f 24,735,710
3,269,334
9,393
9,393
9,392
9,393

Chicago Great Western

Buffalo & Susquehanna RR.Corp

-Month of October- -Jan. 1 to Oct. 311922.
1921.
1921.
1922.
S •
$
$
$
1,781,970 1.841,979 14,562,289 14,966.833
370.492 3.599.189 4,151,605
363,796
2.345,274 2,383,312 19,925,452 20,631,130
448,046 3.205,846 3.015,756
325.421
455,938 4.705,759 4,268.116
736,663
60,682
641,100
657,426
69,050
930.280 8,474,617 8.718.305
995.600
2,195,595 1.962,297 17,716,082 17,408.561
421,015'2.209.376 3,222.569
149.679
83,221
805,854
734,956
78,499
133
2.627
Cr232
1.297
338.026 1,400.889 2.486,316
71,047
8,02; 1,215,483
156,443
120,661
1.496
1.496
1.496
1,496

-Month of October- -Jan. 1 to Oct. 311921.
1922.
1921.
1922.
•3
$
$
$
212,883 1,119,434 1,601,985
167,450
Freight revenue
65,621
54.184
4,721
3,759
Passenger revenue_ _ _
221,281 1,213.120 1,706,813
175,348
Tot.,incl. other rev.
388.073
325.238
37,508
t.way
39.660
Expenses-Main
850,949
398,966
72,727
74,227
Maint. of equipm't_
27,430
21.711
1,932
2,722
Traffic expenses_ .. _
630,536
451,329
62.541
61,906
Transportation exp.
1.999,215
1,286,429
183,580
h.
187,159
Tot.exp.,incl.ot
37,701 -73.309 -292.402
-11,811
Net from railroad__
33,000
42,200
3,300
9,650
Taxes
78
126
78
54
Uncollectible revenue_
34.323 -115,635 -325.480
Net after taxes. kc_ -21,515
20,780
97,636
61,714
36,664
Net after rents
253
253
253'
253
Aver. miles ofr'd oper.
EARNINGS.

Buffalo Rochester & Pittsburgh Charleston & Western Carolina Chicago Indianapolis & Louisville

i. to Oct.
o231- -Month of October- -Jan. 1 to Oct. 31-Month of October- -Jan. 1 to Oct. 31- - 12th of October- -Jan.
1921.
1922.
1922.
1922.
1921.
1921.
1922.
1921.
1922.
EARNINGS.
$
$
$
$
$
$
s
$
$
$
$
$
1.030,525
237,864
9,306,277 8,901,988
1.104,040
206,923
2,178,498
2,154.220
9,969,000
7,233
1,966,824 1,147,02110,43
Freight revenue
256,719 2.530,784 2.736.854
422.930
257,714
39,949
40,025
381.836
124,448 1.355,868 1,500,184
123,353
Passenger revenue_ _ _
297,780 2,688,061 2,751,618 1,524,651 1,401,638 13,111.981 12,726,479
267,945
Tot., incl. other rev. 2,154,502 1,334.519 12,401,803 12,012,277
113,732 1,374,489 1,434,256
86,711
135,446
636,177
34.099
432,120
220,494 1,941,633 1,717,512
Expenses-Maint.way
255,809
285.521 2.857,264 3,272.457
337,365
4,054,384
51,366
685,793
53,269
400,672
533,760 4,901.454
765,766
Maint. of equipm't_
29,080
322,994
30,082
307.946
6.446
179.562
7,827
64,275
67,295
190,896
17,281
23,702
Traffic expenses_ _ _
480,687 4.952.421 4,982.201
554,898
115.074 1.102,754 1,335,143
112,413
504,813 5,134.504 5,280.893
Transportation exp.
834,267
957,165 9.989,590 10.500.264
268.089 2,070.103 2.792,719 1,104,790
215,766
Tot.exp..1ncl.oth. 1,916.471 1.311.284 12,572.945 11,668,923
444.473 3.122.391 2,226,215
419,861
29,691
617,95; --41,101
52,179
343,354
23,235 -171,142
238,03T
Net from railroad...
635.965
63,813
612.246
69,144
100,000
10,000
110,000
11,000
350.000
330,000
35.000
15,000
Taxes
1.022
814
251
29
11
484
922
1,508
5,058
38
Uncollectible revenue_
2.485,404
380,409
350.688
1.613,155
507,036 -141,585
19,680
41,179
-8,154
222,993 -11,765 -506,200
Net after taxes, &c_
809,956
1,439,296
312,385
243,034
427,964 -222.098
8.083
33,8M
509,703
,69g
33,930 -89
287.4411
Net after rents
654
656
657
654
342
342
342
342
.589
589
589
589Aver. miles of r'd opor.

Carolina Clinchfield & Ohio
-Month of October- -Jan. 1 to
1922.
1921.
EARNINGS.
1922.
$
S.
$
683,169 5,770,282
Freight revenue
573,551
395.943
40,306
Passenger rovenue__..
43,942
Tot.,incl. other rev.
734,662 6,293,675
633,332
743,598
Expenses-Maint.way
75.591
80,062
Maint. of equipm't_
128,556 1,334,792
128,877
Traffic expenses_ - _
218.443
22,588
23.473
Transportation exp_
179,272 1,614,849
182,323
Tot.exp..incl.oth.
423,104 4,101,289
432,742
Net from railroad_ _ _ _
311,551 2,192,386
445,000
60,000
70,000
Taxes
Uncollectible revenue_
130
779
8
241,550 1.746,607
140,460
Net after taxes. &c_
-1Trii=6?)
-Al 2,472,438
30-2
Net after rents
309
297
295
Aver. miles ofr'd oper.

Chesapeake & Ohio Lines

Chicago Milwaukee & St Paul

Chicago & Alton

Chicago Peoria & St Louis

Oct. 31- -Month of October- -Jan. 1 to Oct. 31- Incl. Ohio. Terre Haute & Southeastern
-Month of October- -Jan. 1 to Oct. 311922.
1921.
1921.
1922.
1921.
1922.
1921.
1921.
1922.
$
$
$
$
$
12,283,048 11,427,338 94,472,812 88,175,999
6,330,822
57,653,777
56,896,660
5,380,425
5,643,077
916,897 8,811,920 10,055,487 1.956.246 2,042.858 20,168,187 23,055,511
911,975
443,199
6,219,053 6,693,743 7,597,616 69,198,700 71,571,929 15,888,955 14.989,444 128434.131 123609,668
997.189 8,624,705 10,310,053 1,924,203 1,735.377 17.018.338 15,739,591
853,043
831,875
1,468,806 2,538,859 1,771,255 18.415,242 16,971,011 4,458,302 3.294,582 29,781,289 29,167,353
151,528 1,864,699 1,745.578
196,961
67,643
654.545
780,498
79,081
223,871
1,768.934 2,549.470 2.583,178 24.933.395 27,101,670 5,513,021 5.607,570 53.837,204 55,869.915
4,503,465 6,215,747 5.587.668 54,601.419 56,886.534 12,420,278 11,214,898 106278.965 107156,352
477.996 2,009'.94$ 14,597,281 14,685„395 3.468,677 3,774,546 22,155.166 16,453,316
1,715,588
740.734 8,067,492 7,500,503
779,766
229,810 2,675,000 2.298.100
365,000
267,500
129.089
12,495
8.420
Cr56,435
811
9,435
10.981
493
2.168
210.003 1,779,327 11,912.846 12,376.314 2.745.346 3.025.392 14,075,179 8,923.724
1.348,420
5,080,894
10,205,385
2,510,148
229,682 1,797,964 12,293.935 11,063,383 2,224,314
1,977,137
10.767
11.030
10,995
11,030
2,548
2,550
295
2,548
2,545

Central of Georgia

-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 311921.
1922.
1921.
1922.
1922.
1921.
1922.
1921.
EARNINGS.
1922.
1921.
1922.
1921.
$
$
$
$
$
$
$
$
$
$
$
$
1,392,290
1,452,681
175,693
153.076
12.847,830
1.709,390
1,400.001
12,436,028
1,562,471
18,711,390
15,152,394
revenue
2,231,191
Freight
250.203
179,915
_
21,893
14.019
416,254 4.195,269 4.652,699
432,042
470,971
535.712 5.011,418 5,804,395
Passenger revenue_ _
207,854 1,747,642 1,738,359
178.033
Tot..incl. other rev. 2,194.087 2.025,083 18,913,304 18.835.161 2,439,707 2,958,277 22,136.817 26,028,751
304,039
281,222
34,607
249,463 2,462,859 3,072,900
25,675
456,488
253,589
422,922 3,117,880 3,716,081
Expenses-Maint.way
503,109
356,149
45,349
4,079,826
49.729
761,951
394,325
3,574,183
6,228,627
6,964,556
381,064
equipm't_
697,093
of
Maint.
46,590
43,760
4.800
4,082
66.181
646.555
650,607
46.845
521,248
547,933
50,622
65,426
Traffic expenses_ -108,584 1,024.731 1.039,912
94,338
730.082 7,169,027 8,394.665
836,770 9,203,411 10.229,597
956.335
782.237
Transportation exP2,010.575
1,810.496
204,417
183,457
Tot.exp.,incl.oth. 1.560,976 1,530.794 14.658,172 17,055,491 2,302,693 2.057,391 19.782,703 22.098,581
-62.854 -272,216
3,43
-5.424
137,014
900,88d 2,354,114 3.930,170
417TIT28 4.255.132 1,779,676
633,111
Net from railroad--103.443
97.891
13,281
10,900
771,641
832.560
76,000
753,165
971,525
81,907
84,058
127,816
Taxes
49
108
3
17.854
5.095
2.190
14.512
89
281
1.955
1,411
Uncollectible revenue_
--375,708
--160.853
--9,847
--16,324
60,925
993,517
3.092.515
1.598.759
3,265,753
816,547
410,427
503.884
Net after taxes, &c_
453,388 1,608,259 --33,655 --32,567 --394,931 --460,641
676.593
424,845 3,476,211 1,036,317 -22,724
532,215
Net after rents
247
246
247
246
1,050
1.050
1,050
1.913
1,918
1,050
1,913
1,920
var. miles ofr'd oper.




•

6

RAILWAY EARNINGS
Chicago River & Indiana

[voL. 115.

Colorado & Southern (Concluded)

Detroit & Mackinac

Includes Chicago Junction
Trinity & Brazos Valley
-Month of October-- -.Ian. 1 to Oct. 31-Month of October- -Jan. 1 to Oct. 31- -Month of October-- _Jan. 1,,to Oct. 311922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
Freight revenue
205,454
326,263 2,052,590 2,295,401
147,890
141,255
1,162,754
1,233.462
Passenger revenue.._ _
22,535
25,103
211,733
21,415
196.976
30,123
294,016
340,625
Tot.,incl. other rev.
632,595
No
3,090,926
No
237,333
365,004 2,352,150 2,575,686
190,387
181,333 1,580,725 1,674,155
Expenses-Maint.way
46,873 comparison
310,925 comparison
38,057
60,063
535,439
516,047
31,881
31,059
256,589
267,205
Maint, of equipm't_
77,875
340,381
27,683
45,973
429,959
477,047
45,059
51,513
501,115
460.767
• Traffic expenses,
1,199
4,230
3,942
3,097
32,749
29,425
1,210
1,982
21,699
24,107
fr.,esportation exp..
252.583
1.214.093
79.386
119,144
845,127 1,021,228
62,055
72,652
587,010
698,892
Tot.exp.,incl.oth.
390.653
__ 1.922.351
164.508
237.953 1.972,255 2.143.416
146,106
162.704 1,422.974 1.516.375
Net from railroad_
241,942
1,168,575
72,825
127,051
379,895
432,270
44,281
18,629
157,751
157,780
Taxes
47,545
233,327
7,000
7,200
70,000
70,652
10,076
10,997
102,426
116,041
Uncollectible revenue._
246
466
1,010
416
50
Net after taxes, &c_
194.397
935.018
65.579
119.851
309.420
360.578
34.205
7,632
54.909
41.689
Net after rents
285,831
1,382,724
40,397
87,019
-63,923
139,197
35,913
1,295
42,435
43,626
Aver. miles of r'd oper.
38
38
368
368
368
385
368
385
385
379
Chicago Rock Island & Gulf
Wichita Valley
Detroit & Toledo Shore Line
-Month of October--Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan.
1 to Oct. 31EARNINGS.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
1922.
1921.
$
g
$
$
$
$
$
$
Freight revenue
• 392,266
484,279 3,643,769 5,048,688
133,449
160,635
750.355
1,027,930
333,635
345,727
2,899,925
2,333,431
Passenger revenue.._ _
75,340
92,291
775,423 1,031,742
29.24439,452
228,918
299.697
Tot..incl. other rev.
505,847
611,724 4,813,605 6,475,952
173,538
210,968 1,055,720 1,401,655
338,999
349,345 2,929,832 2,370,680
Expenses-Maint.way
80,180
102,901
723,487
951,854
19,752
23,901
200,024
260,206
24,578
26,746
276,787
297,554
Maint. of equipm't_
79,297
64,730
739,921
795,743
15,112
10,354
90,552
27,513
121,221
222,431
24.709
312,471
Traffic expenses.._..
12,993
13,117
133,448
132,945
35
47
433
2,303
343
22,751
1,871
25,387
Transportation exp..
252,429
246,343 2,176,215 2,813,796
61,902
57,412
439,274
119,068
523,440
86,525
844.765
656,252
Tot.exp.,incl.oth.
439.091
441,906 3.917.036 4.861.895
98,295
93,181
741,145
179,173
154.694 1.437.367 1,360,914
921,005
Net from railroad_ _ _ _
66,756
169,818
896,569 1,614,057
75,243
117,78/
159,826
314,575
480,650
194,651 1,492,465 1,009,766
Taxes
12,895
7,343
119,736
117,143
6,404
5,256
63,084
60,958
27,000
14,000
166,000
132,000
Uncollectible revenue..
244
100
1,496
4.560
18
68
117
_
1
_
349
60
Net after taxes, &cc_
53.617
162.375
775,337 1,492,354
68,821
112.463
251.374
180.651 1.326,405
419.343 • 132.825
877,766
Net after rents
.39,666
132,176
598,252 1,199,925
42,468
94,659
121,146
52,863
136,482
306,761
689,529
500,747
Aver. miles of r'd oper.
461
461
461
461
256
255 •
256
61
61
61
61
255
EARNINGS.

Chicago Rock Island & Pacific Cumberland Valley &Martinsburg

EARNINGS.
Freight revenue
Passenger revenue.._ _
Tot.,incl. other rev.
Expenses-Maint.way
Maim.of equipm't_
Traffic expenses_ _ _
Transportation exp..
Tot.exp.,incl.oth
Net from railroad_
Taxes
Uncollectible revenue..
Nat after taxes, &c_
Net after rents
Aver. miles of r'd oper.

-Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
$
$
$
$
8,094,854 9,387,762 69,046,780 79,606,612
2,256,254 2.278.189 22.266.118 24,991.621
11,249,119 12,515,947 98,841,937111,753,215
1,358,795 1,990,300 12,351,272 15,941,264
2,504,226 2,669,789 20,773,205 24,355,287
170,940
163,686 1,770,366 1,745,110
4,468,932 4.504.124 41.648,063 45,680,443
8.815.776 9.595.0111 79.353,790 90.679,365
2,433,343 2,920,946 19,488,147 21,073,850
536,611
502,381 5,351,221 4,642,656
2.122
632
14.124
8,767
1,894,610 2.417,933 14.122.802 16.422.427
1,522,828 2,076,573 11,187,294 13,034,663
7.635
7,661
7,658
7,661

Now included in
Pennsylvania Railroad

Chicago St Paul Minn & Omaha

Delaware

Detroit Toledo & Ironton
-Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
$
$
$
$
751,692
605,342 7,245,480 5,159,446
11.385
11.417
104,864
138,893
780,033
630,108 7,467,782 5,411,318
269,362
145,314 1,552,757 1,141,723
61,889 1,803.328
145,615
883,701
7,079
59,859
6,985
72,284
277,970 2,712,242 2,001.277
326,796
514.504 6.328.875 4,292,418
771.119
115,604 1,138,907 1,118,900
8,914
126,253
17,211
12,563
125,696
720
1,729
718
98.393 1,011.934
991,475
-4.367
-7,139' --168,807. 345,308
--174,457
454
454
454
454

Duluth & Iron Range
-Month of October- -Jan. 1 to Oct. 31- -Month of October-& Hudson
-Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
$
$
$
$
g
$
$
$
Freight revenue
1,842,994 2,161,303 16,340,215 16,246,237
3,441,795 3,499,367 24,406,587 33,079,004
633,157
361,774 5,651,324 4,129,924
Passenger revenue_ ..._
483,470
505,346 5.080,572 5,866.720
285,884
289,480 3,252,687 3,488.410
224,226
18,388
13,172
163.658
Tot.,incl. other rev. 2,537,965 2,877,077 23,146,827 23,694,228 3,972,663 4,002,492
30,432,304 38,357,067
732,705
Expenses-Maint.way
415,027 6,317,042 4,782,240
349,718
413.292 3,011,866 3,026,374
379,707
426,078 4.445,342 4,235,030
113,527
934,977
984,137
84.594
Maint. of equipm't_
541,132
464,099 4,117,999 4,859,290 1,527,271 1,080,549
9,182,774 10,442,158
176,626
953,392
63,541 1,061,277
Traffic expenses..
34,186
33,026
334,796
39,493
342,824
42,449
438,868
412,987
807
11,862
Transportation exp.. 1.057,343 1,153,243 11,355.114 11,443,171 1,608.631
12,163
927
1,463.812 12.735.532 14,928.994
193,231
1.688,247
1,710,514
138.075
Tot.exp.,incl.oth. 2.060.003 2.143,359 18.626.049 20.568,666 3.734,961 3,189.183 .
28.731.255 31,808.647
500,710
3,786.977
301,514
3.946,139
Net from railroad_
477,962
•
73.3,718 4,520,778 3,125,562
237,702
813,309 1,701,049 6,548,420
231,995
995,26S
Taxes
113,13 2,370,903
154,123
143,732 1,340,406 1.376,407
85,690
79,500
856.900
795,000
58.610
Uncollectible revenue_
305,114
452,109
29,145
Cr2,793
953
11,351
14,4811
33
8,362
15,861
23
195
11
390
Net after taxes, &c_
326.632
589.033 3,169.021 1.734.675
151.979
733.809
835.787 5.737,559
173.362
689.954
84.357 1.918.404
Net after rents
334,835
546,911 2,886,209 1,384,897
119,372
836,886
745,373
6,407,274
171,126
690,116
Aver. miles of r'd oper.
1,749
89,115 1,938,372
1,749
1,749
1,749
887
880
887
880
278
276
276
281
EARNINGS.

Cincinnati Indianapolis & West Delaware Lackawanna

EARNINGS.
Freight revenue
Passenger revenue_
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses_ _ _
Transportation exp..
Tot.exp.,inci.oth.
Net from railroad.._ _ _
Taxes
Uncollectible revenue_
Net after taxes, &c...
Net after rents
•
Aver. miles of r'd oper

Duluth Missabe & Northern
-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. & Western
1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
392,079
303,859 2,872,291 2,311,887 5,358,544 5,575,615
41,896,040 53,474,435
1,134,667 12,224,878 10,507,666
40.746
56.394
458,418
584.107 1,213,069 1,196,950 11,743,818 12,323,074 1,520,427
28,645
509,943
39,538
370.475
368,032 3,538,558 3,058,293 7,475,022 7,548.162 61,245,545
460,556
72,430,985 1,775,056 1,313,326 13,687,250 12.086,035
50,071
65,408
453,520
642,524
604,426
937,636 6,867,798 8,577,798
153,508
129,076 1,652,889 1,803,533
98,838
110,483
755,915
977,988 2,187,774 1,464,988 14,642,191 16,154,952
183,313
10,234
131,356 1,488,352 1,691.964
11,191
109,940
116.395
119,356
137,377 1,144,549 1,091,403
2,960
32,301
2,452
31,628
173.638
162,977 1,522,781 1,527,496 3,204.999 2,837,571 27,100,258
29.563,166
418,651
2,974,297 2,690,715
256,637
353,328
366.469 3,057.371 3.507.331 6,325,595 5,583,882 51,857,343 57,657,263
780.672
6.463,282
540,707
6,362,870
107,228
1,563
481,187 -449,038 1,149,421 1,964,280 9,388,202 14,773,722
994,38.1
772,619 7,324,380 5,622,753
20.108
9,518
161,677
139,706
436,495
455,781 4,124,950 3,880,193
154,705
155,600 1,302,426 1,165,837
582
59
111
5.401
11,201
1
21
87,120
-7.951
319.510 -588.803
712.350 1.508.388 5,257.851 10.882.325
6.021.933 4.456,915
617.019
839.
679
28,615 -36,843
65,356 ---699,189
799,762 1,514,049 5,858,263 11,339,145
838,247
4,416,921
5,991,859
607,29
347
321
347
321
994
994
994
994
304
305
306
306
Colorado & Southern System

Denver & Rio Grande

Colorado & Southern .•
-Month of October- -Jan. 1 to Oct. 31- Duluth South Shore'& Atlantic
-Month of October- -Jan. 1 to Oct. 31-Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
1922.
1921.
1922.
1921.
$
$
$
$
$
$
Freight revenue
$
$
947,617 1,052,450 8,297,274 8,142,788 2,634,588 3,067,805 20,257,724 20,273,473
289,278
232,011 2.407,242 2,444,575
Passenger revenue...._
164,776
183,206 1,721,521 2.069,644
441,616
499,876 4,758.916 5,216.139
91,278
986,818
82,133' 881,348
Tot..incl. other rev. 1,200,575 1,336,780 10,819,039 10,973,339 3,397,224 3,784,315 27,218,189
27,417,892
432,548
367,160 3,669,668 3,809,402
Expenses-Maint.way
224,772
198,481 1,630,512 1,628,544
591,830
797,265 4,211,497 5,460,803
72,254
645,792
782,346
95,880
Maint. of equipm't_
352.017
235,771 2,367,533 2,433,421 1,017,817
706,225 5.637,860 6,577,949
55,701
838,107
68,602
Traffic expenses...._
543,979
14,992
9,971
133,915
123,258
43,219
44,515
451,551
414,630
7,270
68,052
5,967
66,445
Transportation exp..
516,310
425.864 4,056.694 3,910,251 1,246.956 1,173,074 9,157,616 9,428,146
202,683
179,278 1,861,063 2,029.047
Tot.exp.,ine.l.oth. 1,153,349
929,846 8,706.845 8,682,814 3.036.411 2.852.615 20,784,047 23.254,208
352,594
367.565 • 3,281.395 3.908,512
Net from railroad_ --47,229
406,934 2,112,194 2,290,525
360,813' 931,706 =
6,4:=
.3.
. 4,163,684
5
-40o
Taxes •
388,273 -99,110
669,958
72,036
57,839
704,089
167,000
160,000 1.601,175 1,494,346
33,000
291,688
318,000
27,000
Uncollectible.revenue_
3.359
1,175
1.767
86
176
79
7,440
4,277
25
433
297
Net after taxes, Sze_ -24,893
347,920 1.438.877 1.584.669
193,637
771,621 4,825,527 2,665,061
46,929
--391.231
--27,405
69,976
Net after rents
-68,575
288,697 1,091,882 1,582,515
216,058
755,920 5,121,0102 3,072,571
43,113 -38,141
28,060 --505,158
Aver. miles ofi'd oper.
1,099
1,099
2,593
1,099
1,099
2,593
2,593
2,591
591
591
591
591
Fort Worth & Denver City
Denver & Salt Lake
Pacific
Duluth
Winnipeg
&
-Month of October- -•Itsih.1 to Oct.2V.Month of October- -Jan. 1 to Oct. 31-Month of October- -Jan. 1 to Oct. 31EARNINGS.
1922.
1921. • 1922.
1921.
1921.
22.
1922.
1921.
$
$
$
$
$
$
$
$
Freight revenue
681,764
199,598
799,195 5,459,134 6,680,297
291,866
918,449 1,970.977
1,385,198 1,630.149
142,866
163,089
Passenger revenue_
203,800
260.236 1,891,839 2.302,083
20,384
24,599
177,130
327,916
203,887
301.371
21,738
26,477
Tot.,incl. other rev.
953,246 1,115,749 7,848,756 9,471,516
232,764
330,956 1,178,978 2,423,381
170,997
190,718 1,642.707 1,988.733
101,401
147,826
964,168
58,713
682,423
83,097
442,713
601,017
326,286
54,731
443,472
xraint ofM
99,247
eq
au
llIp
t*nw
'
a atY_
280,943
158,527 1,599,604 1,726,046
80,134
79,786
345,325
689,684
407,228
31,908
429,417
32,264
Traffic expenses......
10,425
114,640
841
114,798
10,290
749
9,785
10,999
41.330
2,935
55.569
5,139
Transportation exp..
304,137
312,3061.2,530,010 2,997,328
79,399
128,091
415,547 1,022,999
724,820
67,197
984,571
79,015
Tot.exp.inc.1.oth.
737.942
666.638 5.331,789 6.221,942
224,815
298,330 1,272,978 .2.392,890
1.556.108
164.134
230.368
2.020.787
Net from railroad--_ _
215,301
449,111 2,516,967 3,249,574
8,949
32,626 -94,000 • 30,491
6,863 -39,650
Taxes
-32,054
55,041
333,423
435,115
40,382
9,000
10,000
90,000
83,000
10,205
91,073
11,391
105,861
Uncollectible revenue_
45
2.584
428
22
688
90
52
211
11
34
66
Net after taxes, dr.c..
-73
160,218
408.301 2.081.164 2.913.567
22,536 -184.052 -52,720
--3.353 --51.041
--4.508 --137.981
Net after rents
130,201
396,118 1,972.199 2,911,234
2,571
10,514
--160,218
--59,324
-5,716' --54,324 -33,360.
Aver. miles of r'd oper.
--159,641
456
454
454
255
456
255
255
255
178
178
178
178
EARNINGS. •




DEC., 1922.]

RAILWAY EARNINGS
East St Louis Connecting

Fort Smith & Western

Grand Trunk Western

-441

1. of Oc.A2.
to Oc.11-Month of October-- -Jan. 1 to Oct. 31--Month of October- -Jan. 1 to Oct. 31- -Month
1921.
1922.
1921.
1922.
1921.
1921.
1922.
1921.
1922.
$
$
. $
$
962,703 11,088,886 9,656,740
133,266
157,290 1,017,161 1,103,329 1,125,225
Freight revenue
194,614
175,206
259,469
1,641,921
1,938,572
27,992
25,000
236,215
Passenger revenue_
173,722
192,491 1,348,706 1,486,459 1,400,041 1,186,863 13,505,456 12,171,516
168,038 1,697,976 1,360,345
192,530
Tot.,incl. other rev.
161.162
212,638 1,359,697 1,942,856
369,161
41,527
263,990
31,158
133,344
195,003
13,793
16,784
Expenses-Maint.way
327,084
281,518 2,947,533 2,637,874
239,370
246.307
25,157
32,823
62,449
1,647
74,831
7,840
Maint. of equipm't_
25,596
13,729
273,455
326.446
51.097
47,833
3,492
4.797
5,584
336
3.049
293
Traffic expenses_ _ _
613.058
533,223 5.460,432 5,582,182
605,219
54,420
59,581
469,037
631,212
55,901
65,068
565,148
Transportation exp1,185,316
1,098,469
10,604,322
11.158.479
122,591
1,096,442
1,463,256
147,721
80,229
86,902
802,143
926,338
Tot.exp.,incLoth.
214,725
88,394 2,901.154 1,013,057
252,264
2372-0-3
44,770
-51,131
112,301
81,138'
895,833
434,007
Net from railroad_ _ -692,680
77.207
55.483
537,236
53,000
58,000
5,000
5.800
8,070
2,654
104,798
28,552
Taxes
11
305
61
1.193
777
14
1,602
11
64
12
82
Uncollectible revenue_
137,507
32,606 2,208,515
474,608
39.756
192,662 -30,574
104,220
45,249
78,842
790.971
405,443
Net after taxes. &c_
21,431 -129,531
496,993 '---982.828.
29,134
108,295 -91,154
94,224
68,213
36,855
703,611
294,672
Net after rents
347
347
347
347
253
253
249
249
3
• 1
3
Aver. miles ofr'd oper.
EARNINGS.

1

Elgin Joliet & Eastern

Galveston Wharf

--Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
S
S
$
$
$
$
$
1,903,207 1,467,803 15,305,510 14,696,238
Freight revenue
19
4
59
106
Passenger revenue_ _ _
223.403 2,199,887 1,295,383 2,283,509
Tot.,incl. other rev. 2,095,680 1,630,107 17,140,196 16,186,969
174,730 1,484,815 2,017,773
156,280
39,369
91,383
479,712
482,653
Expenses-Maint.way
599,530
225,414 3,289.578 3,675,504
3,091
5,994
36,403
46,763
Maint. of equipm't_
11,167
120,698
122,199
11,178
611
874
7,544
7,761
Traffic expenses_ _ _
647,116
480,995 5.512,421 5,464,329
51,987
52.290
302.211
447,286
Transportation exp_
922.730
111,822
179,119 1,031,020 1.294,315
Tot.erp.,incl.oth. 1.457,033
_ _ 10,754.123 11,663,409_
638,647
264,365
707,377 6,386,073- 4,5237560
111,581
20,76
-8
9897144
Net from railroad_ _ _ _
129.386
876,494
15,800
88,333
842,137
17,000
.165,200
170.000
Taxes
4
1
354
30
4,776
98
Uncollectible revenue_
577,987 5,509,579 3.681.069
95,751
3,769
94,389
550,314
819,096
Net after taxes, &c_
466T4
5
1
4,277,7
14
96,31O
3,811
96,384
820,68T
397
,
5
46
2,476,320
Net after rents_
__
13
13
456
459
13
13
459
456
Aver. miles ofr'd oper.
EARNINGS.

El Paso & Southwestern

Georgia

Great Northern

-Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
$
$
$
$
9,250,827 10,058,555 63,508,919 60,527.942
1,337,308 1.353,079 12,470,769 14,057,992
11,605.480 12,289,463 84.415,554 82,967,604
1,380,339 1,120,718 11,369,912 12,181.498
2,146,369 2,086,475 16,453,510 17,650.284
132,552
120,670 1,368,935 1.353.488
4,419.124 4,133,804 33.927,177 33,694,684
8,318,984 7,759.227 65,672,727 67,778,478
g,286,496 4,530.2:A '18,742,827 15,189,12
828,411
532,273 0,822,423 7,236.440
1,109
12,913
14,047
31,387
2,456,976 3,985,050 11,906,357 7,921,299
2,721,327 3,987.774 12,805,569 8,200,409
8,255
8,161
8,261
8,163

Green Bay & Western

-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 311922.
1921.
1922,
1921.
1922.
1922.
1921.
1922.
1922.
1921.
1921.
1921.
EARNINGS.
$
$
$
$
$
$
$
$
$
$
$
$
105,533
113,427
898,248
668,650 7,095,292 6,848,155
395,727
339,206 2,911.332 3.015,659
702,246
915,477
Freight revenue
9,986
13,524
153,995
153,156
102,200
136,219
1,568,091 1,944,223
107,014
991,538 1,118.978
174,013
Passenger revenue_ _ _
124,989
136,407 1.136,245 1,175,599
894,173 9,251,820 9,349,965
541,319
484,785 4,226,160 4,438,368
902.851
Tot.,incl, other rev.
20.612
32,758
213,645
61,367
411,564
488,628
149,580 1,558,354 1,650,794
45,573
174,059
220,403
Expenses-Maint.way
26,198
21.123
171,200
147.843 1,481,949 1,899.403
93,316
80,346
737.868 1,013,613
186,034
256,999
Maint. of equipm't_
2,865
1,743
24,500
17.151
199,031
197,377
25,167
282.637
277,046
21,441
31,300
17.602
Traffic expenses_ _ _
48,335
43,884
435,433
235,053 2,428,865 2,835,778
221.095 2,012,504 2,357.530
252,434
432,051
222,597
Transportation exp_
100,502
102,342
870,735
402,071
396.665 3,554.763 4,261,750
694,263
608,565 6,316,966 7.221,961
957,119
Tot.exp.,incl.oth.
24,487
34,065
176,618
671,397
265,510
28576M 2,934,854 2,128,004
88,120
139,248
2087588
218,480
Net from railroad_ __ _
8,000
7.500
88,338
5,950
70,200
7,020
59,549
80.000
909,944
914,804
70,988
73,928
Taxes
5,452
311
1,871
2,611
10
238
276
842
Uncollectible revenue_
16,487
26.565
131,990
82,160
116,793
185,199
137,600
195,399
2,024,068
1,210,589
595,745
144,552
Net after taxes, &c_
15,868
22,105
194,530 i33.559
984,259
146,792 =9L ,200
132,455
79,325
609,257
151,512
Net after rents _____ Thr821
262
252
1.139
262
1.027
1,139
328
328
328
328
1,027
252
Aver. miles ofr'd oper.

Erie System

Georgia & Florida

Gulf & Ship Island

-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1922.
1921.
1922;
1921.
1921.
$
$
$
$
$
$
$
$
186,900
211.898 1,914,824 1,788.174
7,790,238 8,862,378 58,224,975 69,632,856
100,743
95.046
900,028
902.600
Freight revenue_ _
41,216
42.440
17,012
17,730
392,348
133,787
173,992
Passenger revenue_ _ _ 1,011,966 1,070,488 11,063,399 12,059,602
446.435
248,738
128,726
278,205 2,464,983 2,403.483
121,645 1,111,583 1,170,479
Tot.,incl. other rev. 9,504.959 10,540.392 75,588,414 87,295,056
55,582
19,126
25,820
169,726
42,364
Expenses-Maint.way 1,100,457 1,147,197 9,165,491 10,416,676
274.152
449,472
431.128
35,182
13,932
18,368
166.066
46,991
Maint, of equipm't_ 2,940,742 2,620,812 24,479,821 25,155,641
195.154
370.145
457,280
8,549
146,177
132.721 1,356,244 1,306.022
8,599
8.653
81,606
5,469
Traffic
_
78.819
77,234
64,030
81.733
45,466
55,467
437.302
86,861
Transportation
expenses..exp_ 4.092,984 3,901.842 35,080,258 38,534,399
585.013
757,514
886,961
94,385
193,071
114,732
8,576,747
8,120,008
73,319,139
78,875,021
193,432
920.969 1,213,503
Tot.exp.,incl.oth.
1,773,516 1.975,413
928,21-22.4207881 2,269,271 8,420,03
6,913
34,341
55,667'
190,614 -43,024
-----g7r75
Net from railroad.._ _ _
691,4ff
428.67-6
377,010
297,511 2,837,665 2,932,675
25.118
7,739
6,505
62,525
78,185
26,977
Taxes
185,952
209,301
10,149
6.057
40,498
30,881
140
303
24
Uncollectible revenue_
815
13
801
964
311
541,053 2.116,816 -608,888 5,456,479
27,812
-4,129
30,409
127,274 --122,010
Net after taxes, &c..
57,783
504,551
218,458
549,253 2,072,6n
650,119 6.083;5-0-8
25,724
-8,688
63,857 -196,862
30,944
Net after rents
48,182
464,219
204,157
2,039
1,989
2,039
1,989
405
405
307
Aver. miles ofr'd oper.
405
405
307
307
307
Chicago & Erie
Grand Trunk System
Gulf Mobile & Northern
-Month of October- -Jan. 1 to Oct. 31Atlantic & St. Lawrence RR.
-Month of October- -Jan. 1 to Oct. 311922.
1922.
1921.
1921. -Month of October- -Jan. 1 to Oct. 311922.
EARNINGS.
1921.
1922.
1921.
1922.
$
$
$
$
1921.
1922.
1921.
1,019,422
924,169 8,021.955 7,751,118
Freight revenue
187,048
143.979 1,684,211 1,683,244
351,429
336.398 3,182,661 2,836.260
57,596
61.960
595,604
715,013
Passenger revenue_ _ _
37,502
32.832
38.941
34,726
391,078
441,311
336,450
411,910
239,532
Tot.,incl. other rev. 1.146,951 1.044.077 9.265,339 9,022,218
403,782
175,949 2,257.076 2,283,993
391,012 3,674.169 3.409,190
Expenses-Maint.way
141,047
169.759 1,124,941 1,248,510
55,522
100,688
59,652
64.041
625,235
544,032
597.032
734,928
Maint. of equipm't_
192,943
179,559 1,607,655 1,551,342
63,257
51,761
30,669
55,247
340,999
611.237
414,801
691.499
194,119
Traffic expenses_ _ _
21,265
18,741
195,280
17,204
7,437
14,377
3,039
142,383
50,638
33,353
128.536
133,643
Transportation exp_
452,621
526,552 4,048,035 5,050,617
128.462
139,305 1,257.280 1.529.176
9.3724 1,210,446 1,335,489
Tot.exp.,incl.oth.
841.866
927,526 7,314,573 8,453,294
285,515
301,528
207.137 2,364,939 2,713,473
283.705 2,699,999 3.093,175
118,267
305,0V
568,924 ---61,996
107730r7Net from railroad_ _
074:T71;
--107,863 ---429,480
116.551 1.950,76
316.01e
9.900
35,000
43.750
36,859
21,783
225,896
Taxes
180,082
518,204
437,550
13,440
165,164
193,690
10
Uncollectible revenue..
53
17
88
117
30
1,393
32
207
170
81,398
85,494
746.881
131.257 --71,896 -44,628 --273,080 -609,594
Net after taxes, &c.
270,068
72,713 1.432,355
122,155
79,936'763' 626,745
-67.860 =335,8M -1,426,014 -2,409,303 --123,463 --91,702 --877,317 -4,207,738
40,426
Net after rents
436
436
269
436
269
269
• 269
456
Aver. miles ofr'd oper.
166
166
166
166
New Jersey & New York
Chicago Detroit & Canada Gr. Trunk .Tct.
Hocking Valley
-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 311922.
1922.
1922.
1921.
1922.
1921.
1921.
EARNINGS.
1922.
1921.
1922.
1921.
1921.
$
$
$
$
$
$
$
$
$
$
$
$
Freight revenue_ - -23,273
22,590
184,936
188,950
192,608
1,595,144 1,412,214 1,282,066 1,443,719 9,330,855 10,238.694
881,736 1.082,641
104,681
Passenger revenue__ 102,112
100,291
99,321 1.008,860 1.109,285
6,963
84,973
139,574
Tot.,incl. other rev.
125,851 1,249.242 1.247.771
130,555
208,583
205,813 1,837,427 1.644,072 1,503,820 1.655.527 11,174,715 12,079.665
112,758 1,132,066 1,492,181
Expenses-Maint.way
24,113
19,687
141,841
16,266
27,168
165,354.
141,378
170.976
168,776
Maint. of equipm't_
660,648
327,894 3,077,415 3,996,613
22,782
42,613
22.492
229,136
14,759
127,124
206,048
191,064
Traffic expenses__ _
117.116
110,587
1,162
11,812
1,595
13.216
2,940
1,042
34,450
13,530
25,258
15,860
Transportation exP68,811
72,532
494,771 3.816,435 4,223,397
485.406
697,557
61.948
68,600
656,467
687,846
685.101
Tot.exp.,incl.oth.
140,586
118,630 1,139,705 1,088,857
979,302 8,441,258 10.173,517
99,438
123,146
994,765 1,137,995 1,332,311
Net from railroad.._ _ _ -10,031
7,221
842,662
676,225 2,733.457 1,906,148
109,145
109753f
506.077
82,667
158.914
Taxes
2,400
887,583
810.898
2.916
102,698
85,213
60,848
29,371
56.644
13,308
8,376
29,167
Uncollectible revenue..
2
79
66
1.269
253
334
280
153
125
5
IN et after taxes, &c_ --12,433
4,305
440.099
79.913
730,811
129,622
95,832
76,011
86,296
615,311 1,844.605 1,095,329
--389T0 --28,74g --1 07368 --143.70.
Net after rents
829,357
563,181
82,900
515,408'
251,485
-1;937;248
80,262
53--,M4
45
Aver. miles of r'd oper.
47
59
59
45
350
59
348
350
348
59
47
Florida East Coast
Detroit Grand Haven & Milwaukee
Illinois Central
19
Month of October62
. to Oit11-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31EARNINGS.
1922.
1922.
1921.
1921.
1921. .
1921.
1922.
1922.
$
$
$
S
$
$
$
$
3
$
S.
$
607,611
598,124 6,651,857 6.496,588
472,671 3,748,326 3,041.873 12,355,765 11,277,525 97,402,219 90.316.859
Freight revenue
505,182
209,842
211,711 3,158,442 3,435,825
364,742
445,392 2,146,274 1.910,547 19,756,859 20.805,078
38,811
Passenger revenue.._ _
30.701
934,202
930.711 11,147,440 11,376.884
537,645 4,427,924 3.709,695 15,595,017 13.967,300 126023,025 118916,572
Tot.,incl. other rev.
576.737
171.402
262,556 1,813,327 2,479.582
Expenses-Maint.way
495,805
583.478 2,233,858 2,494,060 16,581,809 18,714,724
87,056
70,287
240,063
201,004 2,007.675 2,201.906
637,579 3,710,096 3,391,301 29,065,358 28,231,058
480.564
70,173
57.210
Maint. of equipm't_
15,567
13,257
132,705
85,013
135,373
97.078
210,244
4.764
180,193 1,879,319 1,575.456
7,602
Traffic expenses
3,471,777
324,502
305,616
4,239.952
203,706 2,142,751 2.058,816 5,248,272 4,514,040 45,596.371 44.990.912
Transportation exp_
251,827
835,705
7,797,077
759,614
9,427.213
3,562,323
3,368,172
Tot.exp.,inel.oth.
11,747.305 10,910,177 96,588,609 97,209,419
402,957
384,263
95,006 3,350,3a 1.949.671
147.372 3,847,712 3,057,123 29,434,416 2-T,7077B3'
174,58-8
173,786
153,382 1,059,752
Net from railroad
648.785
48,275
644,869
55,816
49,753
74,439
3,693
992,053 1,116,858 9,348,271 7,162,264
6,233
Taxes
12,476
178
4,874
742
8,157
5,997
184
210
27
149
610
509
Uncollectible revenue_
46,553 2,696,704 1.304,060
170,000
89,462 2,855,049 1,940,055 20,073.669 14,538,892
146.640 1,005.752
100,000
Net after taxes, &c_
905,529
463,645 2,889,921 2.009.250 N).513.287 15,694,398
380.727
13,339 2,244,322
119,088
78,028
67,-021
Net after rents
4.199
4,784
764
189
189
4,799
764
189
4,784
764
189
764
Aver. miles of r'd oper.
EARNINGS.

Erie
c
i21.
-Jan.
. of October1Month




o2
to Olt11-

Alj. -1111

RAILWAY EARNINGS

8

International & Great Northern
EARNINGS.
Freight revenue
Passenger revenue_ _ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equIpm't_
Traffic expenses_ _ _
Transportation exp.
Tot.exp.,incl.oth.
Net from railroad__ _ _
Taxes
Uncollectible revenue
Net after taxes. &c_
Net after rents..
Aver.miles ofr'd oper.

Freight revenue
Passenger revenue_
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses
Transportation exp.
Tot.exp..incl.oth
Net from railroad.
Taxes
Uncollectible revenue_
Net after taxes, &c_
Net after rents
Aver. miles ofr'd oper.

Louisiana & Arkansas

Lake Superior & Ishpeming

-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October1921.
1922.
1922.
1922.
1921.
1921.
1922.
1921.
1922.
1921.
$
$
i
i
$
$
$
$
$
$
1,299,218 1,098,685 8,734,596 11,537,249
306,324
218,974
103,957
82,496
311,647
855,838
213.173
212,726 2,057,194 2.538,161
31,833
34,078
48
45
652
1,839
1,654,293 1,435,655 12,016,867 15.311,204
347,005
263,529
122,872
97,428 1,020,337
378,528
271,620
58,608 ' 53,194
295.703 1,792.133 2,426,154
23,146
174,286
207,424
14,144
345,744
299,304 2,174,460 3,080.844
48,649
60,530
13,909
156,630
98,964
11,994
28.101
29,205
7,961
7,204
266,222
261,965
293
2,569
2,271
209
614,994
609,110 5,153,291 7.669,863
85,949
97,584
25,590
119,058
220,700
17.863
1,311.723 1,290,041 9,909,853 14.036.858
209,130
225,670
65.848
483,110
555,492
46,527
342,570
145,614 2,107,014 1,274,346
54,399
121,335
57,024
464,845 -104,582
50,901
32,500
25,125
38,576
20,322
326,852
366,799
5,486
56,272
5,381
54,545
1.408
22
481
13,891
224
11,290
308.662
106,557 1.766.271
29,252
896,257
100,779
51,538
45,520
408,573 -159.127
198.976
157 1,187,723 -214,392
28,194
90,407
54,275
421,834 -154,345
45,837
1,159
1,159
302
302
1,159
1,159
33
33
33
33

International Ry Co of Me.
EARNINGS.

[VoL. 115.

-Month of October1922.
1921.
$
$
125,945
171,687
28.784
26,371
169,852
213,250
30.558
40,006
44,214
47,882
4,829
4.184
92,933
89.378
176,351
185,900
-6,499
27,350
16,000
15,000
-22,499
-24,790
233

12.350
5,879
233

Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October1922.
1921.
1921.
192.
1
1921.
1922.
1921.
$
$
$
$
1,693,651
340,495
306,517
450.990
37.752
35,889
2,310,044
398,007
100,498
360,614
89,105
879,486 1,01V,401
468,554
45,039
12,683
62,349
8,049
94,685
140,173
457,596
1,317
81,921
50,629
8,846
90,819
179,861
37.910
9,148
10,210
1.174,094
138,074
12:682
126,264
.
35.530
444,709
558,589
2,177 548
283,655
68,353
261,258
52,482
646,751
880.023
132,496
114,352
32,145
99,356
36,623
232,735
139,378
150,000
16,000
4.140
16,000
5,880
54,677
59,435
28
42
93
28
64,581 -17,504
27,077
98,259
83,314
30 713
178,030
79,943
-30,765 -135,276
63,355
32,654
47,892
43,297
252,108
114,768
233
233
13
343
343
13
13
13

Kansas City Mexico & Orient RR

Lehigh & Hudson River

Kans City Mex & Or Ry of Texas
Freight revenue
Passenger revenue...
Tot., incl. other rev.
Expenses-Maint way
Maint. of equipmet.
Traffic expenses_ _ _
Transportation exp.
Tot.exp.•incl ot h
Net from railroad ___ _
Taxes
Uneollectible rervenue_
..Thei after taxes, &e_
Net after rents
Aver. miles of r'd oper.

-Month of October- -Jan. 1 to Oct. 311922.
1922.
1921.
1921.
$
$
8
. 3
122,070
180,872 1,039,706 1.561.339
14,852
19,892
111,675
181,971
145,656
209,434 1,226,105 1,823,201
21,369
240.328
42,967
425,344
22,931
295,456
42,411
524,122
4.631
4,911
47,025
53,841
73,996
95,525
718,925 1,059.660
127,044
192,452 , 1.365,952 2,129,571
18,612
16,987
2 -139.847 -306.370
6,000
6,150
59,987
61,500
66
885
25
12,546
10,832 -200,719 -367,895
-3.379
-6,600 -346,747 -545,296
465
465
465
465

Kansas City Southern System
EARNINGS.
Freight revenue
Passenger revenue_ _ _
Tot., Incl. other rev.
Expenses-Maint.way
Maint. of equiprn't_
Traffic expenses... _
Transportation exp..
Tot.exp..incl.oth.
Net from railroad
Taxes
Uncollectible revenue _
Net after taxes, Ace_
Net after rents
Aver. miles of r'd oper.

EARNINGS.
Freight revenue
Passenger revenue...
Tot., incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses__ _
Transportation ex._
Tot.exp.,incl.oth.
Net from railroad___ _
Taxes.....
Uncollectible revenue_
Net after taxes, &c_
Net after rents
Aver. miles of r'd oper.

Kansas Oklahoma & Gulf
EARNINGS.
Freight revenue
Passenger revenue_ _ _
Tot..incl. other rev.
Expenses.-Maint.way
Maint. of eouipm't_
Traffic expenses_ _ _
Transportation exp.
Tot.exp..incl.oth.
Net from railroad_ _ _ _
Taxes
Uncollectible revenue
Net after taxes, &c_
Net after rents
Aver. miles ofr'd eper.

Formerly Missouri Oklahoma & Gulf
-Month of October- -Jan. 1 to Oct. 311922.
1921.
1921.
1922.
194,554 2,146,165 1,684,831
251.177
124,053
14,980
152,690
14,612
220,080 2,362,475 1,930,645
275,280
443,143
44,154
468,411
43,992
240,610
27,967
331,490
31,457
55,389
41.972
3,800
6,310
839.652
850.772
80.753
89,808
167,444 1,682,328 1.801.702
182,749
680,147
52,636
128,943
92,531
98,101
90,968
9.070
9,579
113
39
Cr2
581.933
37,936
43,562
82,954
452,301 -49,797
36,211
66,618
314
317
314
314




-Month of October
--Jan..1 to Oct.2111.
$
S.
$
$
7,876,696 8,806,914 75,670,093 73,193,982
1,982,557 1.867.661 18,651,022 19,682,259
10,622,310 11,317,193100,757.149 98,980,898
1,333,649 1,572,898 14,234,783 15,606,166
2,523,942 2,7 M.175 25,248,328 28,356,542
201,110 2,124,058 2,065,963
220,095
4,057,261 4,063,141 38,343,375 43,295.329
3 92,065,249
8,408,614, 8,859,492 2,642,97.
2,213,696 2,457,703 '18.114,176 6,915,649
269,291 3,889,945 2,902,390
502.730
26,884
10,757
19.205
1.915
1.4213,474 ..3ml78
1.709,051
,2169 207.
14,932,484 3,139.773
.4E1,W
1,969.317.--,
5,041
5,038
5.037
5,038

Louisville Henderson & St Louis

1111•1112a====..•

Im,IONcaccoasa. 11•11•111MMIZMIS

1=1.1=111MMMMMI

Lehigh & New England

Kansas City Southern
-Month of October- -Jan. 1 to Oct. 31-17th
2
of October- -Xi.1 to Oct.1
1922.
1921.
1921.
1922.
21. .,
1.
$
$
$
$
1,321,715 1,418,126 11.818,285 13,584,884
546,881
526,785 3,346,090 3,903,349
180,218 1.67 1.268 1,942,279
179,907
1,918
2,070
21,286
18,924
1,631,247 1,746,245 11,842,173 16,677,528
555,834
538,286 3,937,504 4,081,205
285,770 1,936,722 2,254,144
205,989
56,556
84,952
610,331
548,395
319.717 3.052,660 2.971,952
384,802
62.726
148,538
946.357
918,369
37,207
383,058
363,212
36.179
7.532
7.485
62,930
94,430
562,225 5,308.740 5,832,227
551,786
169.495
158.314 1,259,919 1,350.760
1,241 800 1,283,664 11,327,276 12,152,805
311,745
414.469 2.980,125 3,133,543
462.581 3,514,897 4.524.723
389,447
244.089
123,817
947.662
457.374
801,582
974,551
106,545
93,458
48,739
43,220
182,297
131,545
3.959
4,492
298
480
368,825 2,536,381 3.718,649
282,422
213,315' 346,191'2,317,162 3,535,615
767
767
767
767
Texarkana & Fort Smith
-Month of October- -Jan. 1 to Oct. 311921.
1922.
19221.
1921.
$
$
$
$
168,823 1,444,732 1,531,647
188,798
173.288
143,571
14,092
14,399
198,700 1.736,564 1,859,729
221,625
198.636
178,343
16.349
19.784
213,182
197,596
22,195
22.525
61,005
52.102
4,357
5,635
626,680
505.201
56,428
54,228
1,185.309
1,018,094
107,999
110,095
90,701
111,530
674.420
718,470
106,292
7,353
10.871
74,288
218
6
101
629
611,549
83.342
100,558
599,914
437,895. 372,432
73,325
60,60
81
93
81
93

-Jan. 1 to Oct. 311922.
• 1921.
$
$
2,431,315 2,821,406
345,376
312,542
2.889,782 3,342,497
684,171
623,022
428,528
437,979
103,986
102,430
1,122,049 1,282,307
2,397,593 2,601,224
741,273
492,189
159,885
159,991
2,859
1,099
329,339 . 580,289
69,136
323,423
343
343

Louisville & Nashville

-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 311922.
1921.
1922
1921.
1922.
1921.
1922.
1921.
EARNINGS.
$
$
$
$
$
$
$
a
85,919
120,833
925,777 1,306,646
305,872 1,830,153 2,565,536
268,540
Freight revenue... ____
7..449
13.979
100,649
140,165
3,800
3,539
39,158
42,808
Passenger revenue_ _ _
102.335
148,376 1,109,348 1,537,504
284,826
319,166 1,974,461 2,705,288
Tot.,incl. other rev.
23,211
251,865
28,619
317,660
28,177
46,548
269,221
Expenses-Maint.way
310,252
23,530
42,523
234,678
456,950
53.569
82,923
363,976
Maint. of equipm't_
463,379
5,244
47,198
5,078
55,337
1,458
1.382
14,673
Traffic expenseg__
18,134
63,170
62.491
739,041
602,201
117.755
99,843
891,082 1,172.948
Transportation exp.
118,044. 151,602. 1,195,466 1,698,653
209,124
237,701 1,616,653 .1,995.771
Tot.exp.,inetoth.
--3,226 --86,118 --161,059
75,702
81.465
357,808
Net from railroad__- -15;709
709,517
8,320
80,402
81,342
8,040
12,179
12,151
133,401
Taxes
121,510
26
30
Uncollectible revenue_
3
-167,486
--11,266
-24.029,
--241,491
63,523
69,314
224.407
588.004
Net after taxes. &o_
-23,569
-8.499 -173,038 -213;744
47,051
50,158
58,963
Net after rents_ _
366,395
272
272
272
272
96
96
96
Aver. miles of r'd oper.
96

EARNINGS.

Oct. 311921.
$
2,424,512
341,043
2,844,600
528,378
666,568
63,693
971.042
2.310,611
533.989
168,703
859
364,427
290,470
302

Louisiana Railway & Nay Co

Lake Terminal

-Jan. 1 to
1922.
$
'1,636,016
330.510
2,122,574
351.419
424,345
43,718
1,041.036
1,897,993
224,581
160,000

-Jan. 1 to
1922.
$
2,304,750
324,994
2,707,184
537,963
387,663
76,593
837.254
1,917.371
789,813
218,526
736
570 551
559,959
302

195.350
187,79Z
235

80.597
85,385
237

325,834
391,029
236

-Month of October- -Jan. 1 to
1922.
1922.
1921. •
$
i
$
215,282
190.469 1,923,491
60,220
591.727
59,245
299,341
268,165 2,723,475
58,838
539,924
48,563
29,260
327,141
35,424
6,325
7,298
61,980
103,161
921,597
82,393
205,577
184,158 1,933,038
93,764
84,007
790,437
22,681
7,368
143,271
6
21
56
71,077
76,618
647,110
55,162
66,447
497,649
199
199
199

Oct. 311921.
$
1,600,044
640,581
2,424,924
439,567
452,137
66.724
901.126
1,946,864
478.060
73,678
183
404,199
263,738
199

Maine Central

-Month-of October- -Jan. 1 to Oct. 311922.
1921.
1921.
1922.
i
$
i
$
1,209,985 1,439,540 11,787,127 12,015,031
350,343
356,940 3,884,164 4.202,844
1,697,855 1,898,453 16,967,159 17,401,922
275,423
361,764 2,736,255 3,170,480
247,382
357,148 3,111,962 3,986,298
16,401
17,560
137,874
138,109
825.797
794,353 7,492.639 8,635,581
1,417,899 1,574,681 13,980,104 16.432,719
279,956 .323,772' 2,987
969,203
87,562
104,640
944,820 1,054,675
54
875
220
1,660
192.340
218,912 2.040,575 -86,347.
765 565
162,135
192,473
-277,057
2,030,695
857,161
1,194
1,194
1.194
1,194
237

Lehigh Valley

Midland Valley

-Month of October- -Jan. 1 to Oct. 31- -Month of October1922.
1921.
1922.
1921.
1921.
1922.
3
$
$
$
i
$
352,803
341.646
4,469,202 5,968,585 41,523,669 52,598.699
78,851
71,275
552.642
578.006 5.892.117 6.609,237
142,836
442,230
5,488,912 6,912,072 51,322,044 63,349,647
122,648
60,876
706,824
757,7 11 6,093,621 6,992,694
45,000
2,165.479 1,976.815 16,147,660 21,823,197
50,282
5,542
4,182
96,228
96,813 1,044,773 1,013,786
135.680
122.702
2,764,924 2,688.230 23,990.180 26,313.204
322.787
250,372
5,876,901 5.679 036 48.772,119 57,818 861
120,049
191,85g
-387.989 1,233,036 2,549,925 5,530;786
16,740
91,732
8,161
156,000 1,773,782 1,732.217
342
61
5,906
479 Cr13,057
103,309
-480,063 1,076,557
183,636
789.200 3,792,663
98,450
-635,865"TIMM"
178,568
..104,967 3,824,233
383
1,335
388
1,334
1,334
1,334

Los Angeles & Salt Lake

-Month of October--Jan. 1 to Oct. 31.1922.
1921.
1921.
1922.
$
1.258,767 1,242,347 10,341,005 10,286,256
482.758
425.356 4.399.972 4,793,785
1,894,327 1,828.264 16,147,335 16,503,170
347,085
341,883 3,339,135 3,558,375
447,738
327,242 3,613,815 3,453,073
39.085
480.739
50,800
462,251
582.788
585.523 5.279,857 5,592,472
1.510,231.1,385,255 13,587,088 13.927,151
384,096
443,009 2,560,247. 2,576,010
109,081
983,457
102,804 1,107,275
32
1,079
346
390
274,983
339.859 1.452,582 1,591,483
231,875
297,460 1,062,367 1,193,760
1,137
1,168
1,140
1,168

-Jan. 1 to Oct. 311922.
1921.
3
2,968,021 2,865,278
708,817
775.909
3,845,482 3,754,245
638,413
809,112
448,871
609,244
49,273
48.052
1,154,681 1,277.641
2,430,084.
2,924,852
829,389
1,415,398
81,609
147,401
160
1.448
747,620
1,266,549
1,167,551 .- 708,526
388
383

Minneapolis & St Louis

-Month of October- -Jan. 1 to Oct. 311922.
1921.
1921.
1922.
$
$
$
$
1,395,434 1,454,908 10,681,731 11.028,577
144,024
153,329 1.521.584 1,890.850
1,626,675 1,692,559 12,912,434 13.579,381
181,822
315,521 1.768,234 2,191,630
276,500
262,551 2,267,748 3,218,953
24,521
252,395
26,780
237,873
735,556
644.016 6,091,425 6,589,783
1,260,631 1.293,378 10.759,308 12,696,217
366,044
883,164
399,181 2,153,126
75,618
678,799
42,693
716,903
51
1.352
42
2.829
290,375
163,432
356,446 1,474,975
. 245,388
332,4g)" 964,855 -106,577
1,649
1.649
1,650
1,650

9

RAILWAY EARNINGS

DEC., 1922.]

Minn St Paul & Sault Ste Marie

Mobile & Ohio System

Missouri Kansas & Texas ER

Nashville Chattanooga & St Louis

N Orleans Texas & Mexico System

New Orleans Texas & Mexico
Mobile & Ohio
-Month of October--Jan. 1 to Oct. 31-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 311921.
1922.
1921.
1922.
EARNINGS.
1921.
1922.
1922.
1921.
1922.
1921.
1921.
1922.
$
227,626 1,881,260 1.747,666
284,050
4,042,683 3,546,276 28,709,893 25,927,078 1,406,695 1,516.363 12,281,142 12,880,312
Freight revenue
307,654
28,197
32,473
147,876 1,446,677 1,573,476
355,313
171,913
635.795 6,128.398 6.952,176
625,029
Passenger revenue.-304.780 2,290,616 2,220.631
329,184
38,322,298 35,894,684 1.676,524 1,741,798 14,494,081 15,213,865
Tot.,incl. other rev. 5,025,351 4,533,766
36,616
337,007
30,138
2,091,024
1,743,960
183,791
415.458
175,094
6,149,944
607,073
5,644,210
717,599
Expenses-Maint.way
42,973
56.061
489,612
394,546 3,050,848 4,136,910
430,364
396,258
924,902 6,126,038 8,511.007
920,097
Maint. of equipm't_
6,185
6,189
66,748
464,194
433,250
63,370
46,506
45,564
533,989
608,721
59,317
58,137
Traffic expenses_ _ _
541,526
66,411
62,108
6,354,186
5.544,391
608,566
620,424
585.752
16.722.839
16,070,250
1.737,376
2,038,085
Transportation exp_
158,144
1.513.751
169,043
13,583.720
11,253,166
1,284.972
1.610,966
1,249.051
33,256,574
29,613,959
3,456,477
3,862,768
.
Tot.exp.,incl.oth
160,141
146.635
609,665
776,865
456.826 3,240,915 1,630,145
427,473
1,162,583 1,077,289 8,708,339 2,638,110
Net from railroad
20,828
186,921
15,738
614,775
163,076
596,596
89,000
66,500
164,904 2,515,488 2,566,842
247,127
Taxes
92
317
46
20
1,246
94
6,946
55
9,467
624
59
Uncollectibl,e revenue_
139,267
130,898
589.852
446,569
1,015,053
2,643.073
390,232
64,322
338,418
912,061 6.183,384
914,897
Net after taxes, &c..
173,119
143,570 1,013,308
451,568
895,979
378,072 '2,113,796
307,496
825,997 5,770,968 -658.183
876,708
Net after rents
191
191
191
191
1,165
1,165
4,282
1.165
1,165
4,375
4,383
4,383
Aver. miles ofr'd oper.
Beaumont Sour Lake & Western
Columbus & Greenville
Mississippi Central
of
-Month
1
Octoberto
31-Jan.
in
Oct.
Ry.
Mississippi
Southern
Formerly
-Month of October- -Jan. I to Oct. 311922.
1921.
1922.
1921.
-Month of October- -Jan. 1 to Oct. 311921.
1922.
1921.
1922.
EARNINGS.
$
$
$
$
1921.
1922.
1921.
1922.
$
5
$
$
172,276
152,540 1.340,810 1,458,613
908,541
921,163
135,768
102,426
735,193
1,013,483
112,745
110,809
revenue
Freight
23,050
21,661
237.815
290,770
290,148
284,869
33,287
34,547
194.144
166,395
18,250
18,197
Passenger revenue_ _ _
207,990
183,603 1,677,317 1,830,612
178,053 1,270,384 1,276,625
966,725
145,914
136,415 1,231,253
135,462
Tot.,incl. other rev.
26,864
25,534
330,942
337,080
368,082
289,769
36,378
207,011
30,390
197,795
28,132
Expenses--Maint.viay • 23,755
27,364
21,846
223,506
261.593
191,554
118,300
16,895
311,745
13,068
313,768
31.776
35,334
equipm't.
of
Maint.
4,960
4,459
50,899
47,304
29,032
31.719
2,368
30,925
2,527
57,205
3,983
5.764
Traffic expenses.._ _
61.667
58,589
537.396
616,388
679,727
461.057
62.056
351.833
48.914
430,152
44,053
46,898
Transportation exp _
127,597
115,160
1,211,393
1,333,921
1,333,178
986.731
123.987
103.421
114,367 1,068,598
970,833
118,654
Tot.exp.,incl.oth.
80,393
68,443
465,924
496.691
283,653 -56,553
54,066
--4,108
42,493
162.655
22,048
16,808
Net from railroad_ _ _ _
5,079
4.169
44.075
36,324
131,179
47,974
64,238
62,288
7,255
4,001
6,242
Taxes
85
67
89
645
71
85
190
18
UncollectiNe revenue_
64.271
75,314
. 460,300
421,764
53,995. 235,034 -187,821
100,177 -68,431
38.474
14.793
10,566
Net after taxes, &c_
56,033
51,868
194,871
330,876
129,954 -408,451
29,940
40,426
121,968 --99,951
--609
20,144
Net after rents
118
118
118
118
255
196
226
187
167
259
259
258
Aver. miles of r'd oper.
St Louis Brownsville & Mexico
Montour
Missouri & North Arkansas
of October- -Jan.'1 to Oct. 31-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct.' 31- -Month
1921.
1922.
1922.
1921.
1922.
1921.
1921.
1921.
1922.
1921.
1922.
1922.
EARNINGS.
$
$
$
$
$
$
$
9
$
$
226,894
320,393
2,972,357
3,414,368
1,201,633
792,841
118,199
Not in
368,021
97.396 Not in
211,030
Freight revenue
105,134
100,298
996,508 1,318,415
9.656
6,956
671
89,473 operation
477
20,890 operation
Passenger revenue.._ _
375.316
459,038 4,334,677 5,070,556
809,624 1,230,135
121,681
491,781
213,355
128,802
Tot.,incl. other rev.
80.485
71,575
742,148
837,787
295,382
189,090
38,524
42,998
29,196
9,592
Expenses--M aintway
65.255
58.784
592.873
823,849
516,030
256,682
36,627
54,016
32,637
9,217
Maint. of equipm't_
13,212
13.610
137,533
147,176
11,186
10,101
1,072
10,040
1,042
1,853
_
_
Traffic expenses_
246,447
127,320
1.211.386
1,806,155
336,191
199,896
31,618
260,762
35,597
57,858
Transportation exp
420,635 2,863,716 3.825,925
289,208
1,229,257
• 717,558
113,864
387,030
105,399
81,527
Tot.exp.,incl.oth.
38,403 1.470,961 1,244,641
86,108
878
92,066
7,817
104,751
107,956
47,275
Net from railroad.. _ _ _
140,349
15,161
12,362
149,144
31,632
33,408
2,521
7,341
12,334
2,154
Taxes
1,252
1,470
12
383
1
83
Uncollectible revenue
1,095,114
1.329,142
23,230
72,494
5,296. 60,351 -32,531
97,410
95,622
45,121
Net after taxes, &c_
924.164
16.678 1,052,923
56,529
172,707
151,129
11,509
39,000
112,949
39,065
Net after rents
.550.
.. . ,550
..eR)
p§..50
56
56
56
311
56
344
Aver. miles ofr'd oper.

apolliew York Central System

New York Central RR
-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31-Month of October- -Jan. 1 to Oct. 311922.
1921.
1921.
1921.
1921.
1922.
1922.
1922.
EARNINGS.
1921.
1922.
1922.
1921.
$
$
$
$
$
II
$
$
2,467,169 2,273,473 18,895,831 19,983,081 1,611,712 1.468,325 13,132,860 12,061,655 24,032,009 20,182,053 180293,627 174321,810
Freight revenue
78,903,129
7,492,034
76,436,202
6,846,175
391,251 3,837,987 4,246,906
526,516 4,659,803 5,882,624
396,523
461,174
Passenger revenue_ _ _
30,385,680 291754,285 282994,130
Tot.,incl. other rev. 3,218,571 3,130.751 25.939,290 28,129.286 2,159,604 2,007.571 18,286,321 17,590,850 35,733.437
196,013 2,820,997 2,511,259 4,114.989 4,226,871 34,395,139 35,035,641
549,972 2,828,081 4,137,119
353,756
306,491
Erpenses-M aint.way
6,148,281 77,259,576 65,062,836
9,738,430
4,585,552
459,830
7,391,137
4,423,359
5,295,251
802,919
775,505
450,490
Maint. of equipm't.
358,913
342,238 3,350,254 3,351,100
697,819
459,876
669,018
66,217
456,761
41.024
53.428
39,208
Traffic expenses__ _
746.850 7.225,226 7.907,236 13,102.088 10,856.617 109745,308 111746,553
825.839
914.479 7,814,861 9,460,006
981,508
Transportation exp_
16,149.950 28,464,727 22,759,326 236110,241 227429,380
Tot.exp.,incl.oth. 2,236,909 2,406,107 17,346,239 22,428,740 1,707,753 1,529,474 15.930.544 .
24,641 8,593,051 5,700,546
77
478,097 2,355,777 1,440,900 7,268,715 7,626,354 55,644.044 55,564,750
451,851
. 981,662
Net from railroad_
470,000 1,813,130 1,808,061 17,217,020 17,639,360
1,652,857
350,000
1,708,540
270,454
40,000
221,022
35,000
Taxes
19,238
Cr976
1,369
42.159
3,980
8,283
16,965
244
16,427
122
662
4,753
Uncollectible revenue..
962,617 5,456.556 5,816,924 38.384,865 37,906,152
4.043,709
6,867,546
453,946
755,887
437,975.1,989,350
416,189
Net after taxes, &c_
'567,784 7,448,885 5,058,671
855,543
447.337 2,306,612 1,291,862 5,362,344 6,018,202 39.997,45'39,867,711
413,335
Net after rents_. _ _
6,894
6,914
6,914
6,894
1,715
1,670
1,670
1,258
1,714
1,258
1,258
1,258
Aver. miles of r'd oper.
Cincinnati Northern
Nevada Northern
Missouri Sans & Texas Ry of Tex
-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
1922.
1921.
1921.
1921.
1921.
1922.
1922.
1922.
EARNINGS.
$
$
9
$
$
$
$
$
$
$
$
$
253,967 2,539,821 2,963,101
304,758
205,698
19,443
1,750,255 1,849,377 11,796,656 15,418,590
379,008
66,216
Freight revenue
14,176
188.187
10,578
148,932
49,212
566,792 4,167,116 5,631,949
2,830
422,849
43,867
5,125
Passenger revenue.._ _
324,409
376,639 2.766,666 3,248,820
290,901
27,388
463,411
76.176
Tot.,incl. other rev. 2,392,821 2,652,735 17,531,249 22,851,279
47,694
563,409
65,776
505,604
110,344
9,920
356,805 2,819.099 3,517,639
340,163
10,974
98,971
Expenses-Maint.way
584,544
534,474
71.431
67,833
57.011
41,317
2,926
364,227 2,941,519 3,881,849
6,152
514,377
Maint. of equipml.
48,158
4,387
50,244
4,566
6.002
423,621
401,231
4,317
427
41,414
425
38,505
Traffic expenses.._ _
122,772
969,968 1.103,717
113.262
116,346
87,599
5,820
791,402 6,878,094 8,815,837
800,142
12,236
Transportation exp_
.
2.315,902
262,484 2.194,527
250,349
323,821
261,316
22,075
32,820
Tot.exp.,incl.oth. 1,754,130 1,646.831 .13,752.486 17,694,891
932,918
572,139
74,060 • 114,154
202,095 -32,920
5,313
638,691 1,005,904 3,778,763 -5,156,388
43,356
Net from railroad... _ _
167,933
12,689
150.400
20.174
84,591
64,138
501.524
520,576
53,901
6,167
52.492
7,535
Taxes
10
362
2
121
3
4,834
8,144
1,089
3,830
Uncollectible revenue_
765,515
421.377
93,978
61,371
-171,632
137,954
030
-854
4,650
3,250,043
950.914
582,369
35,821
Net after taxes, &c..
655,837
221,88;
60,153
50,805
151,986 -93,440
618
312,214
752,89; -1.353,21T 2,429,934
34,045
Net after rents
245
244
244
244
164
165
165
1,739
1,737
1,737
1,739
165
Aver. miles ofr'd oper.
Cleve Cin Chic & St L (Inc Peoria & East)
Missouri Pacific
Newburgh & South Shore
1 to Oct. 31-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan.
1922.
1921.
1921.
1922.
1921.
1922.
1921.
1921.
1922.
1922.
1922.
1921.
EARNINGS.
$
$
$
$
$
$
$
$
5,744,267 5,467,176 50,224,623 47,486.677
6,787,245 8,352,373 60,990,614 69,279,048
Weight revenue
14.707,202
13,518,823
1,353,656
1,393,820
Passenger revenue-- 1,394,411 1,536,436 13,764.508 16,300,017
Tot.,incl. other rev. 9,187,213 10,690,338 82,310,143 92.725,126
186,318 1,587,065 1,147,838 7,815,894 7,331,704 69,195,581 67,370,597
171,051
904,135 1,106,928 8,020,633 9,473,885
137,575
140,161
23,486
38,654
Expenses-Maint.way 1,511,305 1,575,813 14,411,426 15,136,899
259,060 1,952,751 2,117,506 14,680,945 15,640,559
Maint. of equipml. 2,084,579 2,097,196 16,851,028 19,619,704
371.958
25,483
47,363
89,069 1,101,989 1.067,063
96,153
Traffic expenses_ _
142,287 1,541,005 7,622,228
156,009
524,967 3,054,735 2,842.573 26.470,783 28,319,344
635,356
61,560
Transportation exp_ 3,756.688 3,794.526 33,804,555 37,999.682
78,005
964,251 6.236,326 6.375,738 52,502,745 56,725,149
114,110 1,184,428
168,484
Tot.exp.,inci.oth. 7,775 812 7,894 221 69,418,016 77 506,892
955,966 16,692,83e 10,645.448
183,584 1,579,568
Net from railroad.. _. 1,411,40177
2,567
402.637
72,208
79if,T7
12,892,127 15,218,234
368,630 3,844,880 3,309,121
Taxes
300,907
125,385
108,031
12,677
12,419
351,017
519,161 3,648,419 3,479,492
5,646
8,877
687
170
11
Uncollectible revenue..
47,337
3
6,247
35,097
4,008
586,649 12,839,079 7,330,681
75.542
49!
277.249
1,278
Net after taxes, &c_ 1,054,13.7. 2,272,948 ..._9208A1
59,531
.1. 11.691,405
-.&L2
491.989 1,126,218 6,166,388
'27
250,006
100,506 1,028.
61,590
Net after rents
6,013204 8,816,922 -12,386
668,525 1,756,
2,414
2,409
7
2,410
7
7,300
7
2,406
Aver. miles ofr'd oper.
7
7,149
7300
7:284
Indiana Harbor Belt
New Orleans Great Northern
Monongahela Connecting
-Jan. 1 to Oct. 31-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October1921.
1922.
1921.
1922.
1922.
1921.
1922.
1921
1922.
1921.
EARNINGS.
1922.
1921.
$
$
$
$
1,657,518
1,609,387
168,818
180.271
Freight revenue
360,544
446,187
40,156
34,206
Passenger revenue_ _ _
950,255 8,472,273 7,621,124
620,153
220,116 2.111,704 2,150,807 1,168,737
227,741
162.707
95.978 1,344,688
Tot.,incl. other rev.
986,046
115,418 1.012,311
106,357
316,400
351.624
40,580
99,424
31,897
Expenses-Maint.way
25.665
186,186
15,687
941,420 1,458,298
154,349
142,896
295,510
486,498
98,069
144,560
23,689
28,281
243.504
12,938
Maint. of equipm't_
41,308
37.573
3,753
3,985
53,027
52.496
5,326
4,934
5,976
517
5,248
505
Traffic expenses... _
324.955 3,324,647 3,248,369
471,976
891,128
670,724
84,608
324,523
70,352
92.674
643,062
Transportation exp_
35,709
5.971.932
619,999 5,511,514
743,484
633,106
238,577 1,434,982. 1,886,086
139,042
152,022
Tot.exp.,incl.oth.
70,248 1,146,988
425,253 .330,25; 2.960,754 1,649,192
676,722
264,721
88,699
-8.461
10,685
197,700 --12,953
25,730
Net from railroad393,329
222,107
27,645
50,662
164,260
150,584
15,055
17,782
18,041
21,435
2,103
1,957
Taxes
417
15
4
502
666
9
89
Uncollectible revenue_
.
2,567,013
1.427.070
302,611
374,587
525,472
99,959
-36,511
73,555
176,265 -30,735
8,582
23,773
Net after taxes, &c_
395,283
233,613 1,676,935
230,344
10,217
484,006
74,050 -54,804
134.2 9 -87,879
-4,023
4,921
Net after rents..
119
120
120
119
274
274
274
274
7
7
7
Aver.miles of r'd oper.




:11

on

10

RAILWAY EARNINGS
New York Central Sys. (Concl.)

New York New Hamm & Hartford

[Vol,. 115.
Pennsylvania Railroad

-Month of October- -Jan. 1 to Oct. 31- Incl. Penn. Company, Grand Rapid8 &
1921.
1922.
1922.
1921.
Indiana and P. C. C. & St. L.
-Month of October- -Jan. 1 to Oct. 31Preight revenue
5,84,693 5,215,507 49,233,804 43,784,488 43,203,046 38,701,077 359863,373 338800,440
Fassenger revenue__ _
4,19 .769 4,226,692 40.773,605 42.743,127 13.454.536 12.018.875 122032.931 132023,573
Tot.,incl. other rev.
11,542,713 10,659,735 101487,175 96,235,391 62,950,906 55,678,009 529497.176 515281,533
Expenses-Maint.way
1,518,686 1,625,025 14,102,441 15,115,058 7,749,364 6,870,630 65,630,790 63,803,971
Maint. of equipm't_
2,338,809 1,972,210 21,076,697 22,985,546 17,676,526 15,778,291 135868,254 135463,281
Now included in
Traffic
_
60,561
50,317
555,711
606,792
563,535
595,324 5,753,073 5,978,941
New
York
Central
Railroad
Transportation
expenses_exP4,766.566 4,371.787 41,550,441 46,163,868 26,082.936 21,141,833 206923.538 225834,450
Tot.exp.,inci.oth.
9,132.831 8,390,340 81.666,235 90,080,821 54,236,538 46,511,907 435513,530 452783 939
Net from railroad_ _ _ _
2,409,882 2,269,395 19,820,943 6,154,570 8,714,368 9,166,102 93,983,646 62,497,594
Taxes
414,845
380,784 3,852,573 3,923,1361 2,944,319 2,697,033 25,007,704 22,907,372
Uncollectible revenue_
1.090
5,915
17,238
29,4531
3,860
62.515
4.794
33,058
Net after taxes, &c_
1,993,949 1.882,696 15.951.132 2.201.9811 5,766.189 6,464,275 68,913,427 39,557,164
Net after rents_
1,121,631 1.485,951 10,982,099 -1,533,2281 4,190,098 6,154,236 61,245,197 29,629,799
Aver. miles of r'd oper.
2,000
2,004
2,003
10,537
1,988
10.541
10,537
10,541
Michigan Central
New York Ontario 85 Western
Baltimore Chesapeake & Atlantic
-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October-Jan. I to Oct. 31EARNINGS.
1922.
1921.
1922.
1922.
1921.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
$
$
$
S
$
$
$
$
3
$
Freight revenue
5,565,085 4,662.275 44,904,855 38,150,412
810,762
813,275 5,784,210 7,272,048
87,243
84,054
894,587
936,933
Passenger revenue__ _ 1,663,826 1,535,884 15.903.755 17,041,881
120,718
143,607 2,805,599 3.171,719
36,935
31,097
403,457
428,516
Tot.,incl. other rev. 8,255,638 6,983,138 67,610,184 61,090,774 1,106,625 1,112,052 10,300,579 12,055,548
130,886
119,345 1,354,628' 1,404,029
Expenses-Maint.way
905,837
700,546 7,151,661 7,071,546
171.699
248,849 1,469,287 1.972,387
17,739
7.577
143,674
127,815
Maint. of equiprif
2,094,938 1,175,265 14,896,707 12,390,827
316,190
214,726 1,929,855 2,746.407
20,155
15,012
333,568
297,146
Traffic expenses_ _.
93,879
94,209
908,607
18,855
941,566
13,630
157,723
144,297
1,837
1,221
19,163
16,986
Transportation exp. 2,717,188 2,293,198 23,456,551.24.081,286
640,849
471,297 4,972,215 5,045,361
95,940
76,420
796,220
792,405
Tot.exp.,incl.oth. 6,021,608 4.494.050 48,522,781 46,750,641 1,181,590
977,687 8,847.329 10,225,935
139,149
103,486 1.330,164 1.273,715
Net from railroad.. _ _ 2,234,030 2,489,088 19,087,403 14,340,133 -74,965
134,365 1,453,250 1,829,613
-8,263
15,859
24,464
130,314
Taxes..
473,983
315,000 4,001,017 2,334,234
40,000
35,500
356,000
355,000
2,100
47,700
45,964
Uncollectible revenue_
331
822
9
12,752
3,041
413
1.279
7.242
4
60
15
Net after taxes, &c_ 1,759,716 2,173,266 15,073,634 12,002,858 -114,974
98,452 1.095,971 1,467,371 -10,363
15,855 -23,296
84,335
Net after rents
1,668,703 2,156,059 14,152,000 11,970,641 -149,086
59,192
690,249
-10,820
1,221,060
21,014
-24,958
95,036
Aver. miles of r'd oper.
1,862
1,865
1,862
569
1,865
569
569
87
569
87
87
87
Pittsburgh & Lake Erie
New York Susquehanna & West
Cincinnati Lebanon & Northern
-Month of October-Month
October1a .
of
-. .1 to Oct.
-Jan. 1 to Oct. 31i62.
31EARNINGS.
1922.
1922.
1921.
1922.
1921.
S
$
$
$
Freight revenue_ ._ _
2,975,945 1,667,671 19.193,092 15,383,101
325,085
269,872 2,330,764 2,508,557
Passenger revenue...
258,574
221,276 2,291,417 2,543,879
58,686
61,830
613.397
660,273
Tot..incl, other rev. 3,338,714 1,977,647 22,258,238 19.272,208
431,782'
380,933 3,364,808 3,596,496
Expenses-Maint.way
277,310
336,205 2,692,100 3,265,718
60,775
59,853
478,928
549,880
Maint. of equipm't_
896,177
687,219 8,791,250 6,093,840
81,605
55,713
620,643
537,941
Traffic expenses_ _ _
18,893
4,320
15.092
201,182
3,234
201,940
36,224
Now included in
37,888
Transportation exp.
885,662
654,380 7,666,411 7,529.605
237,944
192,050 2,035,787 2,162.244
Pennsylvania Railroad
Tot.exp.,incl.oth
2,140.721 1,758,939 19,987.914 17,811.064
395,326
319.680 3,271.894 3.387,164
Net from railroad_ _ _ _ 1,197,993
218,708 2,270,324 1,461,144
36,456
61,253
92,914
209,532
Taxes
155,100
220,329
21,000
896,816 2,193,999
25,833'
248,571
258,517
Uncollectible revenue_
17
2
19
1,523
1,358
25
392
515
Net after taxes, &c_ 1,042.876
-1,623 1.371,985 -734,213
15,437
35,395 -156,049 -49.700
Net after rents
1,315,503
132,333 2,683,767 1,422,063
28,239
32,135 -256,615 -13,230
Aver. miles ofr'd oper.
227
227
227
135
227
135
135
135
Toledo & Ohio Central
Norfolk & Western
Grand Rapids & Indiana
-Month of October- -Jan. 1 to Oct. 31EARNINGS.
1922.
1921.
1922.
. 1921.
$
i
$
$
Freight revenue
6,088,987 6,173,345 66,314,329 55,340,902
Passenger revenue_ _ _
839,587
816,055 7,532.448 8,530,619
Tot..incl. other rev.
7,302,396 7,249.808 76,637,774 66,602,096
Expenses Maint.way
1,202,899
915,249 10,234,420 9,760,064
Maint. of equipm't_
Now included in
2,889,713 1,640,540 18,806,268 16,121,989
Traffic expenses.._
76,789
66,977
782,567
715,273
New
York
Central
Railroad
Now included in
Transportation exp.
2,748,926 2.305,591 23.750,430 25,738,325
Pennsylvania Railroad
Tot.exp.,incl.oth.
7,084,075 5.095,732 55,166,666 54,026,818
Net from railroad..__ _
218,321 2,154.076 21,471,108 12,575,278
Taxes
450,000
400,000 5,100,000 3,930,000
Uncollectible revenue_
449
957
8,181
5,030
Net after taxes, &c..
-232,128 1,753,119 16,362,927 8,640,248
Net after rents
-39,076 2,012,239 18,152,418 10,809,004
Aver. miles of r'd oper.
2.237
2,232
2,237
2,224
EARNINGS.

New York Chicago & St Louis

Norfolk Southern
Long Island
-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31-Month of October- --Jan. 1 to Oct. 311921.
1922.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
1922.
$
$
1921.
$
$
$
$
$
Freight revenue
$
3,394,612 3,048,633 29,813,761 27,525,395
•$
$
594,753
585,089 5.293,442 4,845,109
909,591
Passenger revenue...
156,266 1,473,249 1,780,707
911,913 7,298,050 6,812;775
149,691
119,837
128,401 1,217,166 1,370,633 1,461,072
1,344,423 16,582,609 15;740,522
Tot.,incl. other rev. 3,697,433 3,305.965 32,337.457 30,128,540
770,714
757,180 6,893,007 6,626,264 2,608,127
Expenses-Maint.way
468,715 3,998,009 3,774,396
418,094
2,435,866 26,195,602 24,560,654
94,672
91,572 1,008,315 1.065,220
304,207
Maint. of equipm't_
647,765 6,342,719 6,467,682
810,127
303.403 2,761,919 2,813,729
125,453
121,146 1,101,708 1,013,100
544,953
Traffic expenses_ _ _
76,885
769,947
391,611 4,247,899 4,224,133
80,874
753,422
21,838
22,504
218,717
224,416
25,954
Transportation exp. 1,430,602 1,223,365 12,248,461 12.324,758
23,068
187,661
180,295
308.559
307.775 2.868.970 3,043,468 1.214.056
1.095 237 11,279,510 11,461,323
Tot.exp.,incl.oth. 2,858,639 2,521,532 24,550,550 24,438,014
578.009
574.739 5.489.408 5,676.726 2,169,758
1,899,665 19,249.568 19,05,271
Net from railroad....
838,794 n--784.43--3‘ 7,786,907 5,690,526
192,705
182,441 1,403,599
949,538
438,369
Taxes
216,438
536,201 6,946,034 5,065,383
278,496 1,811,446 1,859,662
32,314
32,675
309,383
324,749
139,823
Uncollectible revenue_
383
53
128,656 1,498,006 1,378,371
4,140
495
25
783
239
393
2,424
23,197
26,541
505.554 5,971,321 3,830,369
622.303
Net after taxes, &c_
160.391
149.741 1.093.433
624,550
298,153
405,1215,421,48
,
7 3,663,815
Net after rents
573,027
455.356 5,698,920 3,584,879
131,468
124,564
851,798
516,028
185,746
Aver. miles ofr'd oper.
1,242
340,648 4,708,999 3,149,829
1,261
1,261
1,242
930
942
930
942
398
398
398
398
Lake Erie & Western
Northwestern Pacific
Maryland Delaware & Virginia
-Month of October- -Jan. 1 to Oct. 31- -Month
of
October-Jan.
Oct.
to
311
1922.
EARNINGS.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
$
$
$
$
Freight revenue
512.228
593,800 3,765.186 4,045,283
71,978
72,310
641,591
683,384
Passenger revenue.._
200,699
215,601 2,265,883 2,479,006
25,925
320,988
23,551
357,120
Tot.,incl. other rev.
791,157
911,622 6,817,526 7,389,864
101,979
996,696 1,073,212
98,970
Expenses-Maint.way
95,697
138,087 1,005,877 1,249.627
12,347
11,897
98,220
110,745
Maint. of equipm't_
130,486
165,506
Now included in
907,193
983,265
17,831
26,726
238,594
214,616
Traffic expenses_ _ _
7,093
6,921
71,036
62,253
Louis
New York Chicago & St
,2,471
739
19,097
14,468
Transportation exp.
264,130
294,322 2.572,919 2,814,306
83,486
668,694
69,484
706,050
Tot.exp.,inci.oth.
513,954
621,780 4.719,178 5,296,846
118,723
1,071,295
110,942
1,049,507
Net from railroad_ _ -277,20
289,842 2,098,348 2,093,018
-16,744 -11,972 -52,811
1,917
Taxes
49,139
50,130
476,448
38Q,109
20,400
24,513
Uncollectible revenue_
3
40
683
951
3
7
Net after taxes, &c_
228.063
239,672 1,621.217 1,711,958 -16,744
-11,972 -73,218 -22,599
Net after rents
214,461
213,964 1,468,339 1,594,851 -17,735
-59,364
-18,419 -85,282
Aver. miles ofr'd oper.
496
507
501
523
82
82
82
82
New York Connecting
Northern Pacific
Monongahela
-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31-17th
62.
112. of October-Jan.
A 1
a
to Or11EARNINGS.
1922.
1921.
1922.
1922.
1921.
1921.
1922.
• 1921.
$
$
$
$
$
3
$
S
Freight revenue
272,867
244,819 2,153,783 2,709,878 7,924,298 8,952,679 58,115,230 56,453,376
328,785
507,300 2,530,329 3,119,663
Passenger revenue.._ 1,196,449 1.259,303 12.991,993 14,614,245
43,525
354,474
318,172
33,213
Tot.,incl, other rev.
10,005,134
2,828,389
313,430
254,984 2,459,237
11,027,033 78,299,890 78,117,319
382,016
545,576 2,900,122 3,522,058
Expenses-Maint.way
112,498 1,196,590
130.871
12,720
11,413
744,701 10,894,501 12,853,352
709,917
406,689
46,563
61,163
Maint. of equipm't_
148,989 2,345.564 2,148,652 18,531,275
11,354
123,854
10,416
17,653,474
75,240
676,127
503,793
67,625
Traffic expenses...
143,125
125,025 1,396,346 1,239,991
1,274
14,345
17,837
1,270
Transportation exp.
520,957 3,641,819 3,391,809 29,735,082 30,794,290
55,850
467,258
51,690
842.067
121,243
1.030,246
124,393
Tot.exp.,incl.oth.
803,006 7,583,692 6,722,394 63,566,365 65,963,642
81,425
75.449
737.453
253,365
261,887 1,859 890 2,515,627
Net from railroad_ --232,005
179,535 1,721,784 2,025,383 2,421,442 4,304,639 14,733,525 12,153,677
128,651
283,689 1,040,232 1,006,431
Taxes
39,373
372,019
37,743
393,732
723.916
691,372 7,239,164 7,141,168
8,000
80,000
6,500
65,000
Uncollectible revenue_
2,703
935
23,613 •
13,470
164
6
Net after taxes, &c_
192.632
141.792 1,328.052 1,653,364 1.694,823 3,612,332 7,470,748 4,999,039
120,651
960,068
277,189
941.425
Net after rents
143,362
111,321
921,993 1,077,671 2,182,746 3,892,578 10,569,489 7,420,573
59,699
558,902
230,782
Aver. miles of r'd oper.
459,480
19
19
19
6,630
19
6,667
6,642
6,656
106
106
106
106
EARNINGS.




11

RAILWAY EARNINGS

DEC., 1922.]

Pennsylvania RR (Concluded)
New York Philadelphia & Norfolk

EARNINGS.
Freight revenue
Passenger revenue_ _ _
Tot.,incl. other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses_ _ _
Transportation exp..
Tot.exp.,incl.oth.
Net from railroad.._-Taxes
Uncollectible revenue._
Net after taxes, &c_
Net after rents
Aver. miles °Ted oper.

Now included in
Pennsylvania Railroad

Pittsburgh Cincinnati Chicago & St Louis
EARNINGS.
•
Freight revenue
Passenger revenue..-Tot.,ind.other rev.
Expenses-Maint.way
Maint. of equipm't_
Traffic expenses.._ _
Transportation exp..
Tot.exp.,incl.oth.
Net from railroad..__ _
Taxes
Uncollectible revenue_
Net after taxes, &c_
Net after rents
Aver. miles ofr'd oper.

Now included in
Pennsylvania Railroad

Rutland

Philadelphia & Reading
-Month of October- -Jan. 1 to
--Jan. 1 to Oct. 31-Month of October
1922.
• 1921.
1922.
1921.
1922.
1921.
1922.
$
$
$
310,725 2,561,417
299,969
7,497,414 6,901,733 52,676,167 59,260,259
105.191 1,256,311
110 328
773.306 8.204.262 8,555.660
866.935
519,296 4,789,973
509,138
8,862,560 7,948,308 64,554,342 70,705,677
940,263
107,991
98,400
837,783 7,405,596 8,246,714
746,623
79,944
910,437
115,885
1,342,758 1,673.504 16,467.913 19,284,268
83,058
8,996
8,423
581,327
621,422
58,447
59,924
212,607 2.137.936
202 764
3,093.684 2.754,767 24.624.521 28,451.957
2,14
42.1.357 4.218,997
5,400,003 5.470.290 50.637.568 58.227.155
570,976
94,939
u8,894
3,462,557 2,478,018 13,916,774 12,478,522
215,477
23,716
25.431
148,805 1,920,957 1,937,046
168,226
53
7
13.259
12.950
1,422
1.758
355,448
71.216
43.463
10,528.217
11,982.867
2.327,791
3,292,573
78,523
406,041
54,236
3,288,631 2,201,277 10,029,907 8,901,725
415
415
415
1,126
1,127
1,127
1,126
Pittsburgh & Shawmut
-Month of October- -Jan. 1 to
1922.
1921.
1922.
$
$
$
763,766
131,237
62,185
48,256
3.735
3.508
835,478
136,845.
69,836
252,571
22,190
22,357
338,158
29,793
36,085
16,752
1,293
1,676
299.696
38.499
32.082
974.046
97,717
98,580
39,128 -138,562
-28,744
8,967
161
163
4
2
38.967 -147.533
--28.909
17,914
49,085
13,748
102
102
102

Oct. 31-,
1921.
2,708,601
1,324,999
4,910,675
980,774
993,891
87,422
2,222,125
4,443,814
466,861
239,619
101
227,141
348,024
414

St Louis-San Francisco System

St Louis-Ban Francisco
Oct. 31- -Month of October- -Jan. 1 to Oct. 311921.
1921.
1922.
1921.
1922.
$
5,526,302 45,346,623 47,139.196
987,688 4,390,947
15,090.866
1,633,071
1,532.749
17,436,448
54.097
7,721,301 65,320,897 68,963,217
1,059,916 6,429,608
963,142 1,062,631 9,677,599 8,074,894
238,037 1,121,887
1,412,325 12,300,323 12,816,122
380,221
831,953
81,456
824,470
73,958
17,831
2,583,829 24,506,464 26.718,709
373.970 2,701,642
5,323,820 48,943,528 50,321,778
1.080 155 5,026,599
2,397,481 16,377,366 18,641,439
-20,239 1,403,009
435,167 3,144,928 2,987,027
169,484
9,221
40.368
1.990
3,063
28,383

1,230,462 1,960,324 13,192,073 15.626,029
1,045,349 1,929,164 12,470,490 15,349,298
4,760
4,760
4.760
4,760
Fort Worth & Rio Grande
Pittsburgh & West Virginia -Month of October- -Jan. 1 to Oct. 31Toledo Peoria & Western
-Month of October- -Jan. 1 to Oct. 311922.
1921. • 1922.
1921.
1 to Oct. 311921.
1922.
1921.
1922.
-Month of October- -Jan.
$
$
$
1921.
1922.
1921.
EARNINGS.
1922.
725,814
97,058
103,319
918,056
$
$
1,901,111
$
1,916,122
226,628
214,979
$
22,187
34,675
33,457
408.263
831,686
837,496
117,177
120,253
87,886
Freight revenue
10,621
8,791
116,736
472,795
147,018 1,124.344 1,450,829
418,854
149,831
44,177
Passenger revenue__ _
36,871
270,110 2,299,579 2,343,938
252,036
400,925
39,048
31,149
370,886
612,302
175,260 1,376,997 1,410,451
331,827
Tot., incl. other rev.
70,481
41,629
166,495
27,612
244,925
36,269
257,765
314,961
267,890
30,141
1,221,298
598,691
441,030
Expenses-Maint.way
38,860
61,761
2,708
27,255
2,934
31,177
423,105
316,286
32.581
36.272
36,169
Maint. of equipm't_
3,690
4,560
37,265
63.980
520.566
64,865
773.695
30,700
27.498
745.737
2,733
597,138
68.253
Traffic expenses_ _ _
82.226
2,357
809,154
139.233
711.989
140.981
1.247.733
1.499.245
75,373
on
exp..
Transportati
79,535
605,652 1,805.736 2.975 716
214.789
7,785 -123,389 -48,416
8,850
151.901 1.400,718 1.659.208
Tot.exp.,incl.oth.
165.432
493,843 -631,778
37,247 -335,542
3,623
3,507
35,260
36,191
23,359 -23,721 -248,757
254,322
280,362
33,697
Net from railroad_ _ _ _
1,063
36,522
203
1
1,965
382
100,115
110,000
10,000
885
106
Taxes
11,000
3.959 -160.614 -84.989
480
5.342
Uncollectible revenue_
213.375
886,985
725 --369,239
-348.872
-6,892 -237,971 -204,742
-8,089
13.359 -134.201
Net after taxes, &c..
-9,937
631,629 --573,961
64,341 ---349,506
235
235
235
235
85
12,360 -158,541 -330,216
85
85
85
Net after rents
-11,112
247
247
247
St Louis San Francisco & Texas
247
Aver. miles ofr'd oper.
&
Northern
h
Shawmut
Pittsburg
-Month of October- -Jan. 1 to Oct. 31West Jersey & Seashore
Month of October- -Jan. 1 to Oct. 311922.
1921.
1922
1921.
31-1921.
1922.
1921.
1922.
-Month of October- -Jan. 1 to Oct.
$
$
$
$
1921.
1922.
$1
1921.
$
EARNINGS.
1922.
$
$
149,239
1,192,897
1,386,817
133,832
$
$
$
895,959
877,128
101,624
137,526
$
151.061
15.711
175,903
16,015
3,240,801
4,192,249
70.372
401,696
62,744
5.592
Freight revenue
516,522
5,053
173,923 1,406,885 1,615,993
158,031
451.753 6.932,054 7,394,742
538,462
Passenger revenue_ ..991,018
976,926
111,535
146,162
292,595
27,293 % 47,301
381,496
287,168
974,731 12,058,932 11,403,309
210,041
30,080
Tot.,incl. other rev. 1,168,692
26,881
23,425
230,299
296,469
21,280
415,205
426,365
171,419 1,693,027 1,693,210
14,909
41,128
211,840
Expenses--Maint.way
3,349
36,783
3,588
33,596
2,098,553
2,110,272
15,170
245,794
16,961
1,318
of
Maint. equipm't_
2,328
222,577
65,218
573,729
59,044
785.250
140,077
171,399
453.465
427.852
16,080
42.287
Traffic expenses__ 19,205
58.376
,
117,908
146.392
1,200.927
1.564.944
519.796 5,381.597 5,633,031
Transportation exp..
541,503
94.299 1,147.267 1,247,313
134,332
40,123
27,531' 205,95g'
51,050
987.592 9,767,514 9,920.916
Tot.exp.,incl.oth. 1,036,610
17,236 -170,331 -256,295
11,830
1,864
18,643
1.990
19,003
22,488
22,254
2,269
Net from railroad...
2,243
132,082 --12,861 2,291,418 1,482,393
4
216
786
1,071
711,611
853,421
1,527
11,812
Taxes
245
14,167
340
38.255
25.325
721
.
186.244
31,261
23
Uncollectible revenue_
68
14.967 -194.112 -278.783
9.342
770.442
.276
13,697
1,695
1.437
-35,594
-265,203
Net after taxes, &c..
117.847 -24,696,
15,238 -172,485 -160,166
29,894
134
134
134
134
565,980
210
210
210
Net after rents
88,007 -57,368 1,214,863
210
359
359
359
Aver. miles ofr'd oper.
359
St Louis Southwestern System
Reading
Port
Louis Southwestern
Peoria & Pekin Union 31- -Month of October- -Jan. 1 to Oct. 31- -Month St
of October- -Jan. 1 to Oct.. 31-,
1922.
1921.
1921.
-Month of October- -Jan. 1 to Oct.
1922.
1922.
1921.
1922.
1921.
1921.
1922.
$
$
.
$
1921.
EARNINGS
1922.
$
1,665,667 1,625,684 12,888,688 12.110,526
$
$
156,014 1,048,473 1,374,309
$
$
132,108
124,609
151,798 1.256,466 1.503.285
144,301
152,031
Freight revenue
14,687
29,870
21.173
37,254
1.834,219 14,714,201 14,193,392
Passenger revenue_ _ _
1,010
2.149
202,196 1,462,264 1,899.799 1,842,404
169,059
202,594
206,463 1,987,312 1,740,109
Tot.,incl. other rev.
232,826
186,811
32,365
164,576 1,500,624 1,399,427
20,036
180,995
330,445
195,592 2,125,189 2,204,437
188,870
260,749
81,466
112,880
9,020
33,507.
Expenses-Maint.way
6,466
35.003
41,279
46,494
417,747
463,332
320,065
139,533
1,235
Maint. of equipm't_
2,290
229
39,809
229
11,126
498,782
428.178 4,058.106 3.989.671
1,105
2,554
697
985
Traffic expenses......
533.224
119
56.213
63,902
404
732,670
632,931
9,166,846 9.023.734
943.143
1,130.881
Transportation exp..
74,596
77,931
1,030.551
852,414
99,149
91,877
711,523
891,876 5,547,355 5,169,658
156,250 1,125,240 1,313,750
Tot.exp.,incl.oth.
133.083
869,248
609.850
103,047
77,182
653,293
733,816
90,324
124,595
85,677
375,384
Net from railroad....- _
139,355
8,326
146,406
13,483
47,912
14.710
2.190
53
3.521
90
137,001
151,500
Taxes
14,000
20,000
8.926
4,514.174
.
621,146
4.810,018
766,391
1.275
Uncollectible revenue..
729,893
463.444
89.564
62.472
223,884 -60.250
Net after taxes, &c_
-6,949
534,890
717,548 4,385,871 4,236,877
27,912
119,789
-3,110
18,630
10,179
968
968
968
968
165,670
478,426
21
Net after rents
18,530
21
21
21
53,471
19
19
19
Aver. miles ofr'd oper.
19
St Louis Southwestern By of Texas
City
&
Kansas
Omaha
Quincy
to
of
1
31Oct.
-Jan.
-Month
OctoberPerkiomen
Month of October-- -Jan. 1 to Oct. 311921.
1922.
1922.
1921.
1 to Oct. 31- 1921.
1922.
1921.
-Month of October- -Jan.
1922.
$
1921.
$
1922.
$
$
1921.
EARNINGS.
$
1922.
$
$
$
4,890,908
4,888,156
686,719
644,864
744.546
645,903
81,775
118,597
915,102
1.064.888
874,821
116.281
954,020
99,810
90,754
Freight revenue
262,781
106,360
236,039
26,073
23.808
100,397
83,846
7710
Passenger revenue....796,552
6,589
844,183 6.155,746 6,396,575
975,427 1,093,433
118,282
153,186
175,678' 1,703,679 1.601,838
157,523
Tot.,incl, other rev.
102,981 1,074,782 1,055,592
358,416
117,465
295.082
33,844
26,218
104,757
73.686
156,314 1,551,777 1,643,635
239,281
11,751
aint.way
Expenses-M
6,480
179,591
165,259
22,067
30,661
206,633
40,867
199,078
41,610
20,721
20,958
Maint. of equipm't_
4,480
3,919
9,837
8,186
1,218
887
727
1,079
3,162.577 3,289,255
339,347
370,665
Traffic expenses_ _ _
212
106
640,150
486,512
63,661
76,884
401,949
434,880
48,579
on
exp..
Transportati
722.165 6,919.069 7,095,401
39,894
823,507
975.434 1.211,010
122,973
136,658
555.194
560.728
65,867
Tot.exp.,incl.oth.
122,018 -763,323 --69E-4-,32
51,217
--7 --117,577 -26,955
-4,691
16,528
240,05
500,398
240,000
514,059
24,000
24,001
37,114
Net from railroad_ _ _ _
66,248
37,147
39,212
3,924
3,925
800
1,029
74,647
50,958
28
54
Taxes
9,593
528
4.812
93
Uncollectible revenue_
-939,683
4,352
97,989-1,00
51,009
-39,312 -155,252
-8.615
12,603
425.751
463.101
Net after taxes, &c_
27,521
61,436
111,610 -949,154 -790,925
-58,133
1,935 --13,557 ---95,916 --197,873
807
369,277
807
403,909
807
807
21,943
Net after rents
252
56,676
252
252
252
41
41
41
Aver. miles ofr'd oper,
41
Transfer
St
Louis
Potomac
Richmond Fredericksb &
of October- -.Inn. 1 to Oct. 31Pere Marquetteto
1 to Oct. 31- -Month
1921.
1922.
1
Oct. 31- -Month of October- -Jan.
1922. - 1921.
1921.
-Month of October- -Jan.
1922.
1922.1921.
$
1921.
1922.
$
$
$
EARNINGS.
1921.
1922.
$
$
$
$ .
$
$
$
$
4,351,413
4,638,211
396,390
475,403
Freight revenue
3,056,647
2,888,104 3,326,131 24,475,805 24,785,455
265,516 2,926.450
294.205
952.994
410,656 4.168.213 5,137.590
614,688
Passenger revenue
343,161
68,292
122,994
773,596 9,050,343 8,413,282
965,594
96,469
103,124
11,436
10,954
7El 4,002,982 31,587.005 32,342,129
Tot.,incl. other rev. Te02,
106,707 1,076,207 1,230,053
98,019
3,599
45,554
3,830,855
1,481
4,954
Expenses-Maint.way
456,549 3,722,464
1,430,906
371,376
1,242,741
130,152
144,744
2,055
1,761
168
199
79,815
780,477 6,139,324 6,796,695
Maint. of equipm't_
618,440
80,361
6,995
,420
357
,468
330.428
485,536
34,813
33.188
517,387
_
_
44,852
Traffic expenses_
51,472
291,707 3.138,034 3,449,823
343,924
497,182
512,344
50,208
Transportation exp.. 1,357.955 1,353,263 11.972,015 12,890,912
50.870
,979
6,627
5,994,050
572.109
639,574
25,159.336
852
117,506
440.650
Tot.exp.,incl.oth. 2,502,324 2,747,291 23,451
72,786
17,422
201,487 3,056,293 1,785,303
326,020
5,948
5,326
769
890
357,795
Net from railroad--- 1,100,097 1,255,691 8,135,153 7,182,793
505,902
40,613
53,710
183
183
6
103
293,889 1,462,395 1,121,431
155,972
783
Taxes
12
3.979
4.309
111,375
435,141
revenue
371
188
72,017
16.526
Uncollectible
1,427.405
2,549,608
160,874
272.298
29,575
961.431 6,668,449 6,057,383
386,676
943.937
64,923
Net after taxes, &c_
6,87-5
130,239 2,104,330 1,031,874
231,021
6
6
0
6
117
803,766 5,367,016 5,227,427
756,388
117
Net after rents
117
117
2,232
2,217
2,212
2,227
Aver. miles of r'd oper.




-29,460
179,109
102

12

RAILWAY EARNINGS
San Antonio & Aransas Pass

[voL. 115.

Southern Railway System

(Concl.) Southern Pacific System (Conc.)
-Month of October- -Jan. 1 to Oct. 31New Orleans & Northeastern RR
Houston East & West Texas
1922.
1921.
1922.
1921.
-Month of October- -Jan. 1 to Oct. 31- -Month of October- -1r1
a . to Oct.
31,t2.
$
$
$
$
1912.
1921.
1922.
1921.
1922.
Freight revenue
522.883
509,786 3,746,549 4,094,856
323,487
413,805 3,070.640 3,943,801
259.017
245,325 2,056,025 1,869,179
Passenger revenue_ _ _
82,207
85,147
731,849
903,860
95,523
82,212
783.195
900,597
42,025
42,648
417,214
481,066
Tot.,incl. other rev.
646,115
630,403 4,792,782 5.306,263
483,270
554,087 4,361,453 5,328,090
308,534
305,612 2,594,M7 2,472,608
Expenses-Maint.way
108.027
113,402
904,612 1.115,865
66,249
78,182
683,433
883,141
43,747
66,682
504,557
629,396
Maint. of equipm't_
129,812
125,642 1,093,717 1,100,440
116,648
93,254 1,036,301 1,067,945
68,783
31,050
528,348
324,714
Traffic expenses_ _
11,595
13,165
96,294
102,077
9,236
12,044
104.533
125,012
3,615
3,014
34,890
34,942
Transportation exP218,076
234,416 2.004.926 2,498,637
220.738
267.256 2.085.301 2,655.914
101,331
1,012,526
105,300
1,007,924
Tot.exp..inel.oth.
486,700
504,041 4.353.184 5.052.145
432,607
4745 4j13,147 4,950 448
223,426
2,142,761
213,647
2.067,972
Net from railroad- _
159.415
126,361
439,598
254,118
50,663
79,462
248,306
377,642
85,108
91,965
451,786
404,636
Taxes
13,416
13,598
136,410
134.190
31,249
52,961
372,908
464,456
9,135
7,036
65,385
45,629
Uncollectible revenue_
83
423
3.411
2,954
45
1,265
1.487
5,403
157
006
1,628
980
Net after taxes, 8ce_
145,916
112,341
299.777
116,974
19,369
25.236 -126.089 -92,217
75.816
385,421
84,935
357,379
Net after rents
144,817
98.524
199,075
115.'48
53,592
8,661
-156,318
-235,312
56,054
'''
212,759
58,097
226,255
Aver.miles ofr'd oper.
739
738
739
738
207
207
207
207
191
191
191
191
San Antonio Uvalde & Gulf
Northern AlabamaLouisiana
Western
-Month of October- -Jan. 1 to Oct. 31- -Month of October- -Jan.
1 to Oct. 31- --Month of October- -Jan. 1 to Oct. 31EARNINGS.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
S
.$
$
$
Freight revenue
$
$
61,488
56,313
624,148
656.'53
135,139
70,396
997,739
573,788
270,523
2,546,960
Passenger revesue_ _ _
2,345,734
352,020
19,475
21.461
177,016
245,445
12,942
11,740
116,439
128,464
83,740
84,599
953,932
862,814
Tot.,incl. other rev.
88,638
84,514
889,286 1,016,878 • 151,334
84,977 1,141,307
728,331
382,825
Expenses-Maint way
460,687 3,447,569 3,717,546
17.365
16,704
151,204
150,517
16,896
17,426
176.578
186,241
13.143
Maint. of equipm't_
55,423
601,325
553,308
13,541
15,031
116,003
161,020
10,180
6,358
61,240
39,419
111,780
72,721
[Traffic expenses_ _ _
683,482
749,759
2,558
3,450
28,313
31,313
1,353
2,647
12,770
20,032
4,530
11,516
Transportation exP84,350 • 112,017
32.353
32,818
337,659
383.478
56.332
43,715
451,543
361.3 II
103.945
122,749 1,010,915 1,157,469
Tot.exp.,incl.oth.
75 052
74,250
700,305
791,467
87,640
74,684
731.625
642,804
253,712
284,597 2,595,074 2,784,270
•
Net from railroad .__ _
13.586
10,264
188,981
225,411
63,694
10,293
409,682
85,527
129,113
176,090
Taxes
852,495
933,276
4,022
2,886
29,650
27,742
3,969
3,s09
40,196
35,052
27,273
31,140
Uncollectible revenue_
250.837
266,777
27
1,141
805
3
314
101
22
327
74
1.329
1,153
Net after taxes, &e_
9,564
7.351
158.190
196,864
59,722
6,170
369.385
101,818
50,148
144,876
600,329
665,346
,
Net after rents
894
-6,498
46,27688,495
36,359
-7,626
121,845 -76,692
98,732
134,294
Aver.miles of r'd oper
612,410
635,147
317
317
317
317
110
110
110
207
110
207
207
207
Seaboard Air Line
Southern
Pacific System
Morgan's Louisiana & Texas RR
-Month of October- -Jan. 1 to Oct. 31Southern
Pacific
-Month
Octoberof
-Jan. 1 to Oct. 31EARNINGS.
1922.
1921.
1922.
1921.
-Month
1. of October1g1.
1922.
1921.
1922.
1921.
s
s
$
$
$
i
$
Freight revenue_ _ _ _ 3,054,746 2,774,142 25,859,381 24.149,437
$
13,004,566
13,446,140
99,660,457
104221,720
610,457
643,120 4,553,025 5,128,381
Passenger revenue_
674,779
728,504 7,156,262 8,125.145 3,719,634 3,459,864 37,121,400 41,384,419
146,205
158,695 1,507,022 1,651,169
Tot.,Incl. other rev. 4,203,614 3,878,118 36,938,134 35,535,577 18,593,941
18,810,117
814,876
162051,292
861,158 6,576,767 7,260,152
nses-Maint.way
E
504,228
425,491 4,194,358 4,179,864 2,118,398 2,449,225 151278,291
19,732,601 22,649,627
158,509
173,756 1,392,209 1,690,971
Maint. of equipm't_
897,674
801,635 6,623,801 6,680,239 2,974,056 2,301,279 25,955,524
240,543
182,211 1,578,794 1,580,300
26,718,328
Traffic expenses_
123,594
118,314 1,215.141 1,214,182
264,328
182,255 2,377,298 2,164,052
8,206
16,112
152,339
Transportation exp _ 1,547,067 1,568,048 15,445,024 17,298.788 5,210,292
173,209
5,729.767 50.639,957 59,094.882
288,040
306,146 2,621,882 3,134,331
Tot.exp..incl.oth
3.266,144 3.083,669 29,353,626 31,201,623 11,320,276 11,356 131 105808,882
730,456
715,729 6,122.310 6,943,643
118148
403
Net from railroad_ _ _ _
937,470
794,449 7,584,508 4,333,954 7,273,665 7,453,986 45,469,409
84.420
145,429
454,457
Taxes
316,609
175,000
150,000 1,730,000 1,500.00(1 1,067,520 1,241,156 12,310,995 43,902,889
46,043
51,284
10,312.082
464,218
Uncollectible revenue_
426,269
6.901
426
4,843
17,242
268
5,331
63
57,709
173
32,823
1,881
2,211
Net after taxes, &c_
762,041
637,548 5,849,665 2,816,712 6,206 413 6,207 499 33,100 705
38,204
94,082 -11,642 -111,971
33,557,984
Net after rents
500,918
461,121 3,225,099 '1,351,183 6,046,614 5,989,60 31,813,524
18,330
-158,003 -373,744
Aver. miles ofr'd oper.
3,563
3.563
3,563
3,563
7,118
7,110
400
7,118
400
7,110
400
400
Southern Railway System
Arizona Eastern
Texas & New Orleans
Southern Railway
of October- -Jan. 1 to Oct. 31- -Month of October- -Jan. 1 to Oct. 31EARNINGS.
-Month of October- -Jan. 1 to Oct. 31- -Month
1922.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
1922.
1921.
1922.
1921.
$
S
$
$
S
$
$
Freight revenue
S
8,905.346 8,615,842 71,205,402 70,824,367
242,915
570,295
154,111 2,206,362 1,767,623
635,729 5,212,549 5,233,798
Passenger revenue_ _ _ 2.557,321 2.604.307 24,701,413 27,084,540
27,639
149.486
146,100
24,153
280,937
361,686
1,523,946 1,550,846
Tot.,incl. other rev. 12,553,134 12,108.784 104088,939 107051,636
286,117
772,937
834,927 7,171,702 7,184,058
194,812 2,592,584 2,314,09
Expenses-MaInt.way 1,471.883 1,577.374 14,511,388 16,509,613
224,214
39,832
143,068 1,520,465 1,543,835
35,404
435,008
341.313
Maint. of equipm't_ 1.885,855 1,957,638 17,717,985 19,941.552
38,292
106,031
188,950 1,787,681 1,991,206
41,375
306,868
410,073
Traffic expenses.. _
210,347
249,661 2,062,323 2.165,086
11,666
3.320
9,860
2,617
31,575
108,219
36,539
Transportation exD- 4,750,117 4.551.205 41.425.019 47,045,464
113,843
286,477
77,190
282,212 2.749,022 3,034.877
75.049
747,812
868,270
Tot.exp ,Incl etas. 8.705,381 8,753,375 79,649,115 89,970,312
177,612
6s6ç145
176,395 1.620,368 1 993 567
6,473,067..6,994,264
Net from railroad_ _ 3.847 753 3.355.404 24.439,824 17.081.31,
115.042
108,505
178,882
18,507
972,216
321,412
698,635
Taxes
189,794
499,741
397.763 4,727,677 3,727.396
31,204
24,359
17,597
24,031
223,214
242,669
240,408
Uncollectible revenue..
186,355
5,528
20,330
74,685
61.863
487
560
13
424
2,479
2,821
194
5,359
Net after taxes, &c_ 3.342,484 . 2.937.316 19,637,462 13,292,056
83,351 , 160,725
84,133
-5,100
729.353
9%71
455,406
-1,920
Net after rents
2,711,990 2,603,036 15,513.954 9,799,22/
35,832
68,8n
124,435
-3,107
-14,704
584,486
114,511
".
Aver. miles ofI'd oper.
-315,305
6,971
6,971
6,971
6,971
507
475
382
382
382
382
507
475
Alabama Great Southern
Atlantic Steamship Lines
Spokane
International
-Month of October- -Jan. 1 to Oct. 31- -Month of
-Month
of
OctoberOctober-Jan. 1 to Oct. 31-Jan. 1 to Oct. 31EARNINGS.
1922.
1921.
1922.
1921.
1922.
1922.
1921.
1921.
1921.
1922.
1922.
1921.
$
$
$
$
$
$
$
$
$
$
S
Freight revenue
$
493,236
669,046 4,893.058 5,654.969 1,074,155
89,633
185,128
855,397 8,731,522 7.657,821
Passenger revenue_ _ _
794,676
877,271
169,977
162.217 1,507,436 1,721,569
19,412
• 13,583
597,528
61,559
531.112
60,628
135,627
157,310
Tot.. incl. other rev.
718,544
886,821
6806,975
7,853,731 1,199,461
116,241
105,188
963,459 9,758,518 8.711,904
Expenses-Maint.way
980,494 1,081,652
88.004
87,499
859,744 1,129,684
16,412
148,603
16,927
132,416
28,686
14,381
Maint. of equipml.
148,548
239,516
114,749
133,961 1,393,921 1,613,390
11,150
257,244
10,371
201,939 1,974,557 2,111,627
Traffic expenses_
86,607
88,977
16.109
21.424
178,695
221,381
3,208
171,835
24,997
197,546
3,457
15,470
Transportation exp_
31,150
31,059
261.145
410,875 2,700,369 3,682,536
35,379
5,629.629 5,518,143
696,068
557,468
38,088
341,587
365,933
Tot.exp.,Incl.oth. _,08 486,688 045 5,430,057 6,962,305
72,604
1,024,669
818,780.120222 8,234.557
87,240
674,086
792,634
Net from railroad_-_
3
210,058
200,766 1,376,918
43,63/
891,426
477,547
174,792
144,679 1,550,296
17,941
Taxes
306,408
289,018
31.922
253929
408,675
264,773
5,600
118,208
116,478
11,821
11,647
7,627
Uncollectible revenue_
54,936
73.853
289
647
3,773
2,296
6.558
705
4
75
29
Net after taxes, &c..
177,847
174,200
964,470
624,357
38,037
132,858 1,427.2/ 0
358,43
163,145
10,317
251,397
215.136
Net after rents
201,405
156,815
952,833
31,677
654,705
248,741
132,874 1,429,620
162,680
3,4(73
Aver. miles ofr'd oper.
183,511
151,195
318
313
.
318
165
313
165
165
165
Cincinnati New Orleans & Texas Pacific
Galveston Harrisburg & San Antonio
Spokane Portland & Seattle
Oct. 31- -Month of October- -Jan. 1 to Oct. 31- -Month of October--Jan. 1 to Oct. 31EARNINGS.
1922.
Aar
1922.
1921.
1921.
1922.
1922.
1921.
1922.
1921.
$
$
II
$
$
$
$
$
$
Freight revenue
S
$
1,160,928 1,123,698 10,001,542 10,585,574
13,375,457
454,231
15,134,584
1,626,525
1,856,316
723,024 3,980,207 4,501,479
Passenger revenue_ _ _
290,400
271,190 2.674,459 2.970,081
133,136
393,969 3.745,035 4,512.103
388,121
145,639 1,432,491 1,574,647
Tot.,incl. other rev. 1,537.950 1,489,228 13,365,977
14,410,461
662,128
2,153,412 18,127,408 21.033,905
934,480 5,985,589 6,647,478
Expenses-Maint.way
175.693
201,424 1,639,719 2,004,666 2,158,831
434,275 3.331.802 4,029,715
60,940
317,548
79,895
Maint. of equipm't_
574,380
772,688
370.140
401,338
3,498,511
3,557,502
4,298,698
3,570,963
456,499
104,361
451,917
111,890
Traffic
897,836
_
911;944
26.461
28,566
281,788
295,352
371,617
9,297
458,008
39,369
88,058
8,505
Transportation
expenses_.'
exp.
101,330
88,920
545,030
587,597 4,979,766 6,057,211
783,227 7,133,727 8.169.354
220,229
756,550
237,944 2,003,473 2,261,937
Tot.exp.,incl.oth. 1,167.045 1,270,171 .10,906,607
17.877.586
12,433,450
15.209.023
1.795.402
426,591
1.633,133
468,677
3,865,739
877
4
341
Net from railroad___ _
370,905
219,051 2,459,376 1,977,011
358,010 2,918,385 3,156,319
235,537
525,698
Taxes
465,803 2,119,850 2,305,601
49.336
61.231
685,364
511,760
528,995
421,525
60,000
41,291
Uncollectible revenue_
68,624
95,000
792,800
879,036
43
2,883
6,445
3,393
11,614
8.067
741
39
2,110
52
1,025
8,373
Net after taxes, &c_
321.526
154.943 .1.767,561 1,461,858
175,498
315,978 2,.377,776 2,726,727
454.964
370,751 1,326,025 1,418,192
Net after rents
218,691
202,381 1,223,147 1,608,789
247,544
177,852
1,922,451
1,874,499
384,043
Aver. miles ofr'd oper.
324,50 1,226,748' 1,291,077
338
338
338
338
1,380
551
1,380
1,379
1.379
549
551
549 '
Georgia Southern & Florida
Central
Texas
Houston
&
Staten
Island
Transit
Rapid
-Month of October- -Jan. 1 to Oct.
31-- -Month
-Month of October- -Jan. 1 to Oct. 31-6111
1. of Octobertl.
f42.
2. to O.?1EARNINGS.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
$
$
. $
$
Freight revenue
$
233,842
$
$
283,069 2,452,599 2,549,175
74.831
1,203,094
1,376,348
8,552,978
8,346,113
Passenger revenue_ _ 108,361
749,943
100,400
848.561
72,611
985,960
836,908
92,237
303.861
2,915.981
345,734
2.529,368
96,040 1,041,358 1,061,939
Tot.,incl. other rev.
371,733
389,791 3,730,676 3.741,277
193.720
1,596,878 1,818,411 12,235,944 11,495,923
Expenses-Maint.way
225,684 2,044,135 2,136,146
60,854
74,778
621,434
806,984
51,506
315,933
313.903 2.240,598 2,910,343
Maint. of equipm't_
58,726
521,125
449,136
73,592
79,786
644,249
782,822
40,039
294.416
2,327,960
207,581
1,786,721
337,569
Traffic expenses.-22,184
253,163
8,469
13,959
86,767
93,934
25,088
2,513
22,214
238,835
213,340
Transportation exp.
2,589
19,935
19,369
153.480
201,877 1,633,407 2,127,047
412.693
129,099
4.167,985
457,945
4,284,973
1,193,662
1,269,629
150.410
Tot.exp.,incl.oth.
310,524
384,594 3,135,617 3,946,628
1,090.747 1,033 614 9,380,957 9,531.635
236,200
2,208,247
250,904
2,133,133
Net from railroad_ __ _
61,209 .
5,197
595,059 -205,351
506,131
784,797 2,854,9817 1,964,28Taxes
8 -42,480 -25,226 -164,112
3,013
18,547
17,082
173.266
171,352
47,862
21,000
28,179
443,101
350,219
17,000
Uncollectible revenue_
173,000
151.941
2,140
21
9,977
132
1.536
280
95
6.692
3,806
2.204
4.678
8,448
Net after taxes, &c_
40,522 -11,906
411,816 -376,835
456.733
756.338 2,405.194 1.611.885 ;= 3,575 -46,898 -340.918 ,-157,376
Net after rents
41,967 -17.130
258,353 -587,697
399.520
672,451 2,040,281 1,158,343 -79,132 -59,670 -476,674 -273,092
Aver. miles of r'd oper.
402
402
402
402
932
932
23
932
23
932
23
23
EARNINGS.




-147v
2 to 162131-

2
- --;:449,-77- 9

of OciZ,ter:- --1%.1 to

W,595

13

RAILWAY EARNINGS

DEC., 1922.]

System -

Wabash

Union Pacific
Tennessee Central
-Month of October- -Jan. 1 to Oct. 31Union Pacitic
1921.
'1922.
1 to Oct. 311921.
1922.
31-Month of October- -Jan.
Month of October- -Jan. 1 to Oct.
$
1921.
$
$
1922.
1921.
$
1921.
1922.
1922.
1921.
1922.
EARNINGS.
$
$
4,496,459 36,491,391 38,665,827
3
$
3,860,56
16
71.492,6
$
00
65,310,5
01
11,319,3
10,243,137
10 8.442.360
7.572.3
766.766
1,396,893
728.941
90
16,821,9
207,707
61
1,508,966 1,615,819 14,562,7
Freight revenue
364,919
39,623
80 5,000,891 5,621,494 47,741,878 49.982,567
Passenger revenue.._ _
12,688,907 13,890,798 87,701,096 96,681,6
740,082 7.019.963 8,020,660
1,877,872
761,763
264,313
5 1,527,171 16.716,401 10,630,798
1,385,74
Tot.,incl. other rev.
301,860
69 1,239,613 1,043,740 9.700,878 9,975,1453
44,221
19,020,3
92
18,222,4
1
2,217,32
2,611,076
Expenses-Maint.way
269,750
108,999 1,143,309 1,120,54
108,328
3
41,835
1,440,83
131,182 1,343,510
117,499
Maint. of equipm't_
51,882
7 2,115,618 20.169.921 21,318.713
6,967
_
3,536,705 3,820,259 25.528.315 28.467,995 2,046.17
Traffic
810.226
112.896
1 39.725,205 42.473,317
4,192.70
3
4,318,52
_tation exp..
Transporexpenses
8,124.785 8,235.746 60,586,553 64,654 599
1,509,134
215,372
682.368 1,428,793 8,016,673 '7,509,250
43 32,027,081
Tot.exp.,incl.oth
27.114,5
2
5,655,05
2
4,564,12
368,737
170,034 1,885,562 1,497,240
188,556
48,940
627,277 5,803,950 5,384.816
593,826
2,545
22.650
305
Net from railroad.._
40,330
2.336
5,107
12,092
4,818
126
27
Taxes
3
1
491,476 1,258,454 6,108.461 6,009,465
Uncollectible revenue..
3,970,269 5,027,649 21.305,775 26,630,173
328,404
8
3,559.90
4
43,832
970,887 3,482,90
238,548
28
Net after taxes, &c_
2.472
3,822,503 4,468,655 20,862,678 24,649,6
2.472
105.482
2,472
2,472
19,330
3,614
3,690
3,614
3,707
Net after rents.
292
292
Western Maryland
Aver. miles ofr'd oper.
Oregon Short Line
St Louis
- -Jan. 1 to Oct. 31Terminal RR Assoc'n of of
-Jan. 1 to Oct. 31- -Month of October
October
of
Month
1921.
Louis
St
1922.
tion
d
1921.
Associa
1922.
Terminal Railroa
1921.
1922.
1921.
1922.
$
$
- -Jan. 1 to Oct. 31$
October
$
of
h
-Mont
$
$
$
22
EARNINGS.
$
1921.
13,008,3
52
1922.
2
13.042,1
1,322.05
1921.
8
1922.
1.779,44
41
3,415,287 3,815,417 23,025,202 22,912,0
821.221 1,002,088
85.041
79.004
1
5,235,78
2
4,637,96
497,186
473.212
dr 8
Freight revenue
12
14.828,4
.126
14,857
7
Passenger revenue.._ _
8 29,837,593 30,572,694 1,949,103 1,469,22
221.730 2,063,080 1,889,204
473,81 3,723,525 3,778,688 4,146,858 4.594,70
301,818
398,633
4,582,679 4,945,643
613,932
6
Tot.,incl. other rev.
469,172
3,373,65
889,269
5
3,195,33
813,016
283,263
85,272
88,466
472.283
660,889 5,536,074 5,773,833
Expenses-Maint.way
652,678
287,911
360,221
349,216
413,521
29,292
29,680
38,782
37,282
437,543
443,364
41,915
Maint. of equipm't_
3
41,462
9,920
5,499.57
2
5,344.98
10,549
950
491.731
724,854
1.031
8
9,919,48
3
Traffic expenses_ _ _
145,691 1.248.684 1,351,736 1.263,196 1,265.108 9,962,76
116,034
7 11.627,436 11,753,341
Transportation exp..
2,747.752 22.277,097 22,897.992 1,601,001 1,089.73
2
2,600,14
8
2,735,46
8
2,598,79
1
269,858
3,075,07
273,541
379.490 3,229,690
348,102
Tot.exp.,incl.oth
6 7.560.496 7,674,702
653,731
490,000
60,000
204,023 1,124,727 1,043,220 1,546,716 1,846,95
60,000
125,092
312,382 2,724,250 2,766,375
Net from railroad_ _ _ _
258,105
599,010
561,730
60,230
59,986
2.531
6.128
131
71
81
Taxes
792
0
2
0
.
2,421.34
2,739.69
319.490
288,102
Uncollectible revenue
444,129 1,288,540 1,534,443 4,830,118 4.905,796
562,205
143.793
65,104
276,504 2,504.851 2,478,060
268.165
1
Net after taxes, &c_
4,366.99
1
4,593,54
7
1,382,67
3
800
3
804
1,240,73
0
1,603,23
804
281,454 1,694,88
804
169,094
2.359
2,360
2,359
Net after rents
2,366
37
37
37
37
Aver. miles ofr'd oper.
Western Pacific
Oregon Washington RR & Navigation
1 to Oct. 31St Louis Merchants Bridge Terminal
31- -Month of October- -Jan.
31- -Month of October- -Jan. 1 to Oct.
1921.
1922.
1921.
-Month of October- -Jan. 1 to Oct.
1922.
1921.
1922.
1921.
1922.
1921.
$
1922.
$
1921.
$
1922.
$
$
$
$
$
EARNINGS.
$
$
6 7,657,892 7,687.085
$
1,069,68
6
$
1,282,96
91
17,368,0
91
16,535,4
3
2,189,720 2,466,03
6
7
2,088.41
1.917.55
166,042
176.072
492.764 4.777,906 5,354,403
Freight revenue
466,214
3 10,299,018 10,419,143
Passenger revenue
0 23,402,733 24,797,535 1.569,773 1,326,05
3,192,27
0
,411
2,903,01
3
3,047
6
1
1,858,96
3,244,73
1,704,67
384,155
219,986
459,475
215,967
619,931 5,179,146 5.378.575
607,390
Tot.,incl. other rev.
480.361
413,111
55,421
204,952 1,803.470 1,972,891
43,241
222,127
436,517 4.359.712 4,213,341
483.780
238,553
318.469
Expenses-Maint.way
281,844
328,682
13,703
37,158
31,841
33,908
600,676
595,111
54,954
54,877
9,841
Maint. of equipm't_
9,364
946
429.986 3.754.919 3.889.252
910
476.732
59 10.306.240
Traffic expenses..-163,343 1,382,532 1.642,305 1.207.704 1,231,237 10.326.0
132,886
938.627 8,173.562 8.637,026
19 1.033,680
22,180.2
.
29
22,003.3
7
Transportation exp..
2,506,29
8
2
2,509,47
239,366 2,134,333 2.438,54
214,679
387,426 2,125,456 1,782,117
566.093
Tot.exp.,incl.oth
685,973 1,399,404 2,617,316
393,532
608.869
869,067
823,108
144,789 1,110,403
94,738
244,796
76,171
237,257 1,811.326 1.866,220
180,951
926
173,360
Net from railroad..638
202,588
13,662
125
25,665
38
1.411
718
677
183
211
280
Taxes
2
912.124
292.563 1,301.710
489,884
749.685
448.039 -412.640
Uncollectible revenue
212.398
435,29
907,535
131,127
219,129
298,769 1,458,172 1,249,940
490,420
Net after taxes, &c_
305,804-1,232,771 -234,278
111,463
594,401
1,011
1,044
145,436 1,033,694
1,011
205,392
1.045
2,223
2,230
2,218
2,237
4;
Net after rents
9
9
9
Alabama
of
Aver. miles ofr'd oper.
Ry
rn
Weste
Island
Grand
ds
.Toseph7
St
Texas & Pacific
h of October- -Jan. 1 to Oct. 311o231- -Month of October- -Jan. 1 to Oct. 31- -Mont
to Oct.
1921.
1922.
1921.
1922.
1921.
1922.
1921.
1922.
1 .
i
-f(1
$
lgl.
th-'
1922.
-Mon
$
$
$
$
11
$
EARNINGS.
9
1,298,69
201,405
350,518 2,169,241 2,372,224
259,494
659.506
7 2,319,065 17,158,823 19,986,113
2,086,94
73,936
302.606
254.879
29.063
26.681
Freight revenue
695,692 5,948,502 7,390,585
681,432
2,196,371
304.043
Passenger revenue..
398,373 2,594,241 2,847,628
305,303
265,163
8 3,244,192 25,044,162 29,445,735
25,462
590,350
483,098
83,804
Tot.,incl. other rev. 3.022,56
3
58,208
6
4,909,88
4,276,27
457.900
446,120
392,467
56,688
492,384
510,496
46,569
70,842
Expenses-Maint.way
5,192,658 5,673,50€
85,043
597,305
790.173
8,883
26,987
25,649
_
2,587
Maint. of equinm't
2,776
516,913
486,045
711.558
52,195
51,265
87.493
135.348 1.147.506. 1,244.136
Traffic expenses.... 1,104.448 1,040,061 9,494,862 11.669,091
133,156
7
1.656,81
191,701
4
Transportation exp..
281,625 2,286.079 2,494,05
275,933
2,446,429 2,283,672 20,562,818 24.044,355
539,554
112,342
Tot.exp.,incl.oth.
353,574
308,162
116,748
29,376
4 5,401,380
4,481,34
960,520
126,163
576,139
19,146
133,401
168,427
16,083
Net from railroad__ _ _
11,595
110,000' 1,075,365 1,223,312
413
100,000
360
2,017
498
33
Taxes
8,425
2,808
209
498
412,978
Uncollectible revenue
92,836
218,156
139.237
100,632
17,775
1 4,169,643
3,403.17
850,311
475,641
417,023
Net after taxes, &c..
90,962
142,218
166.289. 49,094
6,718
811,037 2,685,601 3,206,342
133
370,690
133
258
258
258
Net after rents_.......
258
1,950
1,952
1.952
1,952
Aver. miles ofr'd oper.
Erie
Lake
&
ing
Wheel
Utah
rn
Toledo St Louis & Weste
1 to Oct. 311 to Oct. 31- -Month of October- -Jan.
-Jan.
October
of
h
31to
Oct.
-Mont
1
1921.
-Jan.
October
of
1922.
Month
1921.
1922.
1921.
1922.
1921.
1922.
1921.
$
1922.
1921.
1922.
$
$
$
$
i
EARNINGS.
$
$
•$
23
$
10,911,3
i
470
'9,396,
2
1,322,60
$
899,875
961,985
125.452 1,383,842
159,116
807,285
667.354
7
933,934 8.524,144 7,137,603
69.950
47.655
5,931
7.466
Freight revenue... _ _ _ _ 1,206,27
668
752
309,612
297,307
26,931
30.014
43
12,668,1
73
Passenger revenue
980,318 1,074,344 1.501,338 11,004,7
127,077 1,404,635
160,688
3 9,231,973 7,777,142
164,754 1,860,847 1,685,657
190,931
230,093
Tot.,incl. other rev. 1,289,499 1,003,33
243,451
28,294
1
32,290
2,890,17
3 1,245,929
1
1,140,78
2,696,31
155,845
347,546
159,863
460,125
324,996
362,802
29,737
Expenses-Maint.way
34,208
148.605
178,633
169,562 1,355,318 1,611,305
15,489
143,723
18,338
3,829
3,702
Maint. of equipm't_
270
2
334
202,167
4,776,35
4
214,166
4,148.71
19,401
507.796
20,676
437.759
253.430
357.241
Traffic expenses...._
26.424
53,.560
282.158 2,855,283 2,773.920
336,460
9.929,644
Transportation exp
843.413 1.142.199 1,074,511 9,256,441
88.829 1,015.280
4
125,166
5,996,08
1
6,195,90
642,015
'79.136
426,827 1,748,332 2,738,499
Tot.exp.,incl.oth
136,90S -67,855
389,355
38,248
840,535
35,522
361,318 3,036,072 1,781,058
104,463 1,053.963
410,363
82,297
87,148
63,427
Net from railroad....- _
10,843
1,174
6,144
350,911
759
542,498
45
36,000
61,725
228
4
2
Taxes
107
1,102
0
1,896,79
693,610
322,319
80
Uncollectible revenue_
--150,3
49.753
325.926
,405
27
0
29.378
325,318 2,492,472 1,430,04
348 638
419,476 1,625,867
308,593
Net after taxes, &c_
6
-170,56
-19.401
205,224
19,528
511
5
27,469
511
511
272,696 2,116,198 1,145,05
263,953
511
99
102
Net after rents_ _. _ _
102
102
454
454
454
454
Aver. miles ofr'd oper.
a Falls & Northwtoestern
Wichit
c
Pacifi
&
port
Shreve
urg
Vicksb
Oct, 311
Ulster & Delaware
Month of October- -Jan.
1921.
h of October- ----Jan. 1 to Oct. 31- 1922.
1921.
-Month of October- -Jan. 1 to Oct. 31- -Mont
1922.
1921.
1922.
1921.
1922.
1921.
$
1922.
1921.
1922.
$
EARNINGS.
8
1,954,19
$
959,456
$
191,609
$
$
139,341
277,044 1,869,507 2,372,285
320.908
204,215
221,566
744,908
616,605
35,414
98,781
77,179
20,489
894.992
Freight revenue
903,637
84.140
92,102
499,768
452.181
3
19,165
2,379.28
7
15,486
1,279,16
_
..
241,281
Passenger revenue..
171,602
388,345 2,998.652 3.457,322
388,329
285,930
326,914
40,739
147,152 1,414,235 1,523,077
126,865
35,587
590,223
Tot.,incl, other rev.
520,745
59,761
309,670
41,697
169,681
196,936
235,383
25,789
24,550
27,580
17.113
653,075
538,971
Expenses-Maint.way
68,740
9,485
73,633
9,019
220,785
232,612
754
23,540
33,517
731
98,367
Maint, of equipm't_
98,103
11,275
781,487
8,937
520.433
31,505
31,785
72,859
2,060 . 1,833
49.190
Traffic expenses_ _ _
1.184.123 1,304,646
134.553
125,244
787.743
3
721,503
74,698
1,560,59
75.149
147,051 1.064.917
Transportation exp..
109,175
290,277 2.499.776 2.812.482
264.842
818,690
132.798 1.307,326 1,327,610
147.162
214.250
94,230
Tot.exp.,incl.oth.
62,427
644,840
498.876
98,068
108,665
62,072
195,467
115,514
106,909
14,354
10,866
-20,297
10.834
174,723
Net from railroad
187,154
402
18,392
17,279
69,655
1,195
60,059
7
6,912
6,003
55
583
Taxes
1,307
4
56
1
709.623
97.541
Uncollectible revenue_
83.357
51,538.
469,534
310,415
79.672
44.737
46,849 • 125,812
7,442
494,288
--26,300
Net after taxes, Sce_
61,710 -94,632
24,487
326,905
236,673
67,345
328
39,665
329
69,568
8,522
85
328
-30,350
329
171
Net after rents
171
171
171
128
128
128
128
of
oper.
r'd
miles
Aver.
Valley
sippi
Missis
&
Yazoo
Virginian
1 to Oct. 31Union RR (of Pennsylvania)
1 to Oct. 31- -Month of October- -,Jan.
1921.
1922.
-Month of October- -Jan. 1 to Oct. 31- --Month of October- -Jan.
1921.
1922.
1921.
1922.
1921.
$
1922.
1922.
1921.
$
1921.
1922.
$
$
$
EARNINGS.
$
$
$
11.503.241 12,620,055
$
$
$
7
$
1,664,42
4
1,579,17
74
92
13,492,8
14,355,3
3
3%456.59
1 1,418,508
7
1,358,67
3.212.12
358.327
382.525
808.960
679.990
68.221
Freight revenue
71,083
2 15.686.008 17.009,614
Passenger revenue_ _ _
8
1,585,895 16,066,983 15.452,432 2,097,365 2,129,66
3,619,93
8
1
1,523,99
3,698,25
7
0
9.357,98
754,362
8,048,68
.166
444,683
1,037
491,141
Tot.,incl. other rev.
240.318 1,827,927 2,077,238
192,346
733,762
63,059
651,079
74,819
431,263 3,110,988 3.728,177
368.706
Expenses-Maint.way
357,282 3,907,701 3,229,515
254,645
263,207
452,829
163,394 1,763,688 2,129,192
169,742
28,589
31,035
103,780
117.172
9.316
Maint. of equipm't_
12,636
2,318
137
2,335
257
718.237 6,245,256 7.232.543
707.398
503.330 3.943,135 4.605.177
Traffic expenses.... _
480.575
306,800 3.894.354 3,772.475
31
468.343
8
15.368,5
3.788.71
.
1
0
exp..
1.670.95
tation
Transpor
80 10.283.508 1.643.340
539,159 6,464,171 6,630,241 1.168.231 1.129.745 10.092.4
719,903
458;712 1.897,290 1,641,085
Tot.exp.,incl.oth.
454,025
5,974,503 5,168,924
456,150
3
1
1,155.46
9
6
355,760
1,179,38
1,418.43
2,893,81
215,203
150,288
317.263
117,181
954,161
53,599 1,233,306
1,032
Net from railroad......
2,671
151.111
85,495
100,745
112
5,000
-6,000
219
352
170
19
Taxes
4
3.255
484,588
715.238
336.625. 308,312
Uncollectible revenue_
402.532 4.741.027 4.214.411
204.645
210.203 2,703.071 1.32o Ago
430,219
323.263
662,834
294,703
314,536
Net after taxes, &c..
406,529 4,914.534 4,367,030
1,381
248,805
1,381
3,530,371 1,952,703
1.381
285,069
1,380
451,683
526
528
526
Net after rents
540
45
45
45
45
Aver. mile Eof r'd oper.




1

14

RAILWAY EARNINGS

[VOL. 115.

COMPANY RETURNS
All the figures in the foregoing pages are transcr
ipts of the monthly returns filed with the Inter-State
sion at Washington. A few railroa
Commerce Commisd companies also issue monthly statements of as
ments go beyond the requirements of
their own, and sometimes these company statethe
Commi
ssion
and
give
added
items
of
-notably the Pennsylvania Railroad-issue consol
inform
Besides this, a number of companies
idated statements, showing results ation.
merce Commission requires returns from
for the system as a whole, whereas the Comeach constituent road separately.
It is our purpose that each issue of the "Rail
way Earnings Section" shall furnish an
returns, in whatever form issued, that may
absolutely complete record of all monthly,
be put out by any steam railroad in the
gether here all the company statem
United States. Accordingly, we bring toents where they differ in any way from the
more facts than are contained in such returns.
returns to the Commission, or where they embrace
It should be distinctly understood that where
the company statements are identic with those
and do not include any additional items, we
rendered to the Commerce Commission,
do not undertake to repeat them here. al
among the detailed statements on precedi
In such cases the reader must
ng pages, which include every steam
for the figuree
road that is obliged to make monthly returnslook
to the Commission.
Bellefonte Central
St. Louis-San Francisco
-Month of October- -Jan. 1 to Oct. 311922.
12,189
8.341
3,848
120
3,728

Gross receipts
Operation
Net
Interest and taxes
Surplus

1921.
7,104
6.841
262
201
61

1922.
88,695
70.688
18,007
1,200
16,807

1921.
62,677
71,167
8,489
2,010
10.499

Canadian Pacific
-Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
23,061,547 22,089,624 147888,318 158477,
251
15.25S.A02 15.378.137 120777.224 120R65 0
03
7,802,744 6,711,486 27,111,093 28,612,157

Gross earnings
Working expenses
Net profits

Fonda Johnstown & Gloversville
-Month of October- -Jan. 1 to
1922.
1921.
1922.
Operating Income-.
$
$
$
Freight revenue
54,889
42,513
403,591
Passenger revenue-steam division
3,786
2,279
35,863
Passenger rev.-electric division_ _
65,075
67,614
671,701
All other rev, from transportation_
5,257
3,998
38,649
Rev,from other railway operatio
ns
941
1,192
9,547
Total operating revenues
129.950
117.598 1,159,353
Railway oper. exp.(not incl. taxes)
78,075
68,242
688,456
Net rev,from railway operations
51.874
49,356
470.896
Railway tax accruals
5,775
7,575
57,750
Railway operating income
46,099
41,781
413,146
Miscel. oper. income (or loss)
-1,938
--2,042
19,481
Total operating income
44,161
39,739
432,6.27
Non-operating income
3,292
4,263
32,757
Gross income
47,453
44.002
465.385
Deduct--Rents for leased roads
675
675
6.750
Other rents accrued-debits_ _ _ _
4.700
3,761
42,735
Interest on funded debt
24,854
26,604
263,796
Interest on unfunded debt
1,120
781 .
4,689
Miscel. inc. charges (Fed. taxes)
62
2,768
Total deductions from gross inc_
31.412
31.821
320.740
Net income
16,041
12,181
144,644

F

Oct. 311921.
$
383,874
38,875
668,060
25,750
13,975
1.130,537
725,404
405,132
57,750
347,382
13,828
361.210
34,969
396,179
6,750
36,414
266.041
8,572
2,861
320.630
75.539

Illinois Central System
(Including Yazoo & Mississippi Valley)
-Month of October- -Jan. 1 to Oct.
311922.
1921.
1922.
1921.
Railway operating revenues
Net railway operating income,after17,692,332 16,096,962 141709,033 135916,186
deducting oper. exp., taxes, &c
3,204,458 2,303,953 21,176,121 16,124,617

The Kansas City Southern
(Including Texarkana & Fort Smith)
-Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
Gross revenue
1,852,871 1,945,357 16,578,736 18.506,324
Operating expenses
1,351.894 1.390,967 12,345.369 13.414,814
Net revenues
500,977
554,390 4,233,367 5,091,510
Taxes
117,416
100,811 1,080,843 '875,870
Operating income
383,560
453,578 3,152,524 4,215,639

Missouri Kansas & Texas
Miles operated (average)
Operating revenue
Operating expenses
Net operating revenue
Taxes accrued
Operating income
Deduc.from income,less other inc.
Balance

-Month of October--Jan. 1 to Oct. 311922.
1921.
1922.
1921.
3,737
3,783
3,737
3,783
5,782,994 6,024,768 44,749,706 53,359,848
4.100,214 4.199.987 32,163.642 41.684.223
1,682,780 1,824,780 12,686,064 11,675,624
284,347
335,221 2,344,629 2,263,045
1,398,432 1,489,559 10,241,434 9,412,578
142,331
76.649 1,078.652 1,411.196
1,256,101 1,412,910 9,662,782 8,001,382

Pennsylvania System
-Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
-$
Revenues
$
$
$
Freight
44,870,752 40,254,777 373644,008 351229,
322
Passenger
15,618,947 13,973,311 147282,558 156999,334
Mail
937,244
810,342 8,689,971 9,530,677
Express
2,597,693 1,154,213 12,806,201 8,189,690
All other transportation
1,147,470 1,444,779 12,212,564 11,372,
Incidental
1,943,757 1,875,501 17,388,071 17,194,217
313
Joint facility-Credit
121,742
46,287
469,156
496,056
Joint facility-Debit
61,152
20.612
279.355
207.505
untailwy operatinr=u=67.176,453 59,538,597 572213,
174 555804,114
P' ExpensesMaintenance of way and structures 8,342,880 7,395,773 70,739,667 68,887,
344
Maintenance of equipment
18,514,462 16,493,354 143067,224 142562,541
TraffIc
613,491
636,634 6.147,319 6,342,258
Transportation
28,110,035 23,009,600 225917,619 244990,542
Miscellaneous operations
897,699
812.261 8,426,074 8,234,747
General
1,413,172 1,453,741 14,309,659 15,148,675
Transp'n for investment-Credit_
9,344
1,261
39,820
42.575
Railway operating expenses_ _ _57,882,395 49,800,202 468567.742 486123,
532
Net rev,from railway operations 9,294,058 9,738,395 103645,
432
69,680,582
Railway tax accruals
3,145,483 2,888,573 27,813,240 25,506,266
Uncollectible railway revenues
3.961
7.244
90.100
57,155
0 Railway operating income
_, 6,144,614 6,842,578 75,742.092 44,117,161
Equipment rents-Net debit
1,614,0
579,972
8,119.8
19
99 9,321,153
Joint facility rents-Net debit_ __ _
379.509
100.080
450.7R7_ 1.310.249
Net railway operating income
4,429,615 6,440,155 67,171,406 33,476,759




(Including Subsidiary Lines)

Mileage

-Month of October--Jan. 1 to Oct. 311922.
1921.
1922.
1921.
5,165
5,165

Freight revenue
4,638.391
Passenger revenue
1,586,013
Miscellaneous revenues
540,910
Total operating revenues
6,765,3
Maintenance of way and structures 1,030,8 14
28
Maintenance of equipment
1,183,498
Transportation expense
2,838,276
Miscellaneous expenses
260,111
Total operating expenses
Taxes, hire of equip., joint facility 5,312,707
rents (less other income)
391,952
Balance available for rentals, sink
funds, fixed charges, &c
1,060,655

5,778,530
1,687,216
603,618
8,069,364
1,154,773
1.471,738
2,950,193
285,360
5,638,250

47,309,850
15,573,811
6,198,609
68,082,270
10,457,277
12,807,830
25,719,026
2.656,668
51,640,801

49,489,768
18,065,690
6,721,569
72,231,107
12,030,211
13,416,790
28,429,811
2,925,676
53,656,620

491,168 4,044,281 4,492,892
1,939,946 12,397,188 14,978,817

St. Louis Southwestern
(Including St. Louis Southwestern of Texas)
-dam of Octobe
cr.r- 11.2
to Oct.31-i 1.
$
Operating revenues
2,638,956 2.678,402 20,869.947
Operating expenses
1.954,387 1,665,307 16,085,915
Net revenue
684,568 1,013,094 4,784,032
Deduct tax accr. & uncoll. ry. rev_
114,431
148,713
978,365
Railway operating income
,570,137
864,380 3,805,666
Add non-operating income
33,389
82,606
726,293
Gross income
603,527
946,986 4,531,960
Deduct interest, rentals, &c
301.067
319,182 2,885,206
Net income
302,460
627,803 1,646,754

Southern

$
20,589,967
16.119.135
4,470,832
896,340
3,574,492
844,421
4,418,913
2,831.901
1.587,012

Pacific

-Month of October- -Jan. 1 to Oct. 311922.
1921.
1922.
1921.
Average miles of road operated_ _ _ . 11,224
11,184
11.224
11,184
Revenues$
$
$
s
Freight
18,959,702 19,419,116 147452,307 152574,
327
Passenger
4,937,6
19
4,730,231 49,050,910 54,187,504
Mail
287,101
290.110 2,869.549 2,980,822
Express
976,467 1.033,827 5,772,556 6,786,663
All other transportation
547,651
490,644 4,772,863 4,771,987
Incidental
514,342
562,498 4,912,006 5,938,804
Joint facility-Credit
13,213
8,746
196,662
138,405
Joint facility-Debit
-3,203
2,533 -43,681
42,130
Railway operating revenues_ _ _ _26,232,894
26,532,230 214983,175 227333,284
ExpensesMaintenance of way and structure 3,263,046
3,720,271 30.189,129 35,040,546
Maintenance of equipment
4,561,389 3.693,622 38,873,080
40,079,681
Traffic
384,539
303,223 3,606,861 3,488,117
Transportation
7,973.734 8,457,855 76,090,898
86,650,
906
Miscellaneous
352,748
313,820 3,317,791* 3,567.537
General
718,059
689,580 6,850,239 7,121,531
Transp'n for investment-Cr
-62,024
84,984 -378.523
402.671
Railway operating expenses_ _ 17,191,493
17,139,310 158549,476 175598,947
IncomeNet rev,from railway operations.._ 9,041,400
9,392,920 56,433,
51.734.337
Railway tax accruals
1,353,234 1,466,445 14,792,699
666 12,452.720
Uncollectible railway revenues..
4,232
6,618
89,829
57,544
Equipment rents (net)
419,265
508,627 3,209,547 4.284,531
Joint facility rent (net)
-16.986
30,705 -244.077
650.323
Net railway operating income 7,281.654
7,441,933 38,585,733 42.393,093
Railway operating expenses for August 1920 include
d back pay account of
Labor Board award amounting to $6,029.000,
also the amount of reserves set up
in the accounts for that month account of various
unaudited liabilities applicable
to the guaranty period.

Union Pacific
-Month of October
--Jan. 1 to Oct. 311922.
1921.
1922.
1921.
Average miles of road operated_ __
9,447
9.373
9.418
9,306
Operating RevenuesFre ht revenue
$
17,106,394 18,841,963 115164,573 121997,
Passenger revenue
560
2,930,7
23
3,030.446 28,369,224 32,189,320
Mail revenue
383,925
342.361 3,560,886 3,625,403
Express revenue
501.453
541,540
3,653,122 3,993,378
All other transportation
362,191
401,146 3,599,206 3,794.979
Incidental
348,415
348.583 2,741,746 2,954.440
Railway operating revenues_--21,633,
101 25,506,039 157088,757 168555,080
Operating ExpensesMaintenance of way and structures
2,809,392 3,102,917 23,817,361 24,513,391
Maintenance of equipment
4,195,272 3,641,969 31,732,094 32,460,616
Traffic
252,923
278,851 2,844,236 2,959,790
Transportation
6,590,393 6,902,127 51,096,994 54,286,197
Miscellaneous operations'
353,707
355,154 3,201,539 3,294,645
General
547.365
600,273 5,837,230 6,211,451
Transport'n for investment-Cr
-4,416
-6,241 -75.386 -66,127
Railway operating expenses_ -_14,744,636 14,875,050 118454,068 123659,963
IncomeNet rev,from railway operations_
- 6,888,465 8,630,989 38,634,689 44,895.117
Railway tax acmials
1,141,963 1,279,719 11,446,802 11,000,868
Uncollectible railway revenues_ _
314
1,280
12,055
17,113
Railway operating income
5,746,188 7,349,990 27,175,832 33,877,136
Equipment rents, net
-273,5
83 -630,515-1,289,759-3,314.011
Joint facility rent, net
-66.032 -64,879 -600.258 -587,022
Net
73 6,454.596 25,285.815 29,976.103
Oper. ratio (revenues over exp.)_ _ 5,406,5
68.16
63.28
75.41
72.36

NET INCOME UNDER GOVERNMENT CONTROL
AS COMPARED WITH THE -GUARANTEED RENTAL.
From tabulations prepared by the United States Railroad Administration we have compiled the following statement
showing for all of the Class 1 roads-that is, all roads whose gross revenues from railway operations exceed $1,000,000 per
annum-the Net Federal Income for the calendar years 1919 and 1918, in comparison with the "Standard Return," or
Government Guaranteed Rental.
The compilation enables any one to see whether during the period of Government control any given road was operated
at a loss or profit to the Government and the extent of such loss or profit. It will be observed that only in a few exceptional
cases did the Government derive a profit from the operation of the roads. The Standard Return represents the average
net income for the three-year "test" period, that is, the three years ending June 30 1917, this being the income which the
Government agreed to pay to the roads as compensation for the use of their property.
The 1919 and 1918 figures of Federal Net Income, the Railroad Administration states, have been taken from the
monthly returns which the roads are required to file with the Inter-State Commerce Commission and which are given
from ,month to month in this publication. The figures referred to represent only the last item.in these returns. Any
one desiring the full details for the different roads, including gross revenues, expenses, &c., will find them in the issue of
this. publication for March 13 1920.

1

Average -Net Federal Income- Standard
Return
Miles
Entire Year
1918.
1919.
of Road.
S
$
$
Northwestern Region.
Chicago & North Western__ 8,090 12,771,197 12,498,939 23,201,016
2,953,450
61.009
1,126,605
1,496
Chicago Great Western
10,647 3,250,867 3,933.874 27,945,819
Chicago Milw & St. Paul
2,631,520 4,934,790
Chicago St. Paul M.& O.__ -- 1,749 2,698,776
2,355,242
289 3,082,978 3,824,716
Duluth & Iron Range
5,122,051
Duluth Missabe & Northern.. 411 11,401,721 12,495,342
562,348
267,704
Duluth South Shore & Atlan_ 599 def22,517
829 3,322,507 4,781,037 2,862,177
Elgin Joliet & Eastern
8,219 12,827,280 12,368,069 28,686,681
Great Northern
144,006
10,827
101 def107,154
Mineral Range
238,577 2,706,994
1,647 def3/4,698
Total
8,008 9.775,418 10.227,504 38,901,093 Minneapolis & St. Louis
Minn. St. Paul & S.S. Marie_ 4,243 5,057,635 3,925,862 10,578,977
6.593 18,450,790 28.317.433 30,057,760
Northern Pacific
Central District526,883 Oregon-Washington RR.& N. 2,070 3,224,299 4,490,859 4,491,883
Ann Arbor
175,013
575,137
301
1,871,083
638
2,694,420
1,652,116
Seattle....
&
Portland
1,086,378 3,276,410 Spokane
Buffalo Rochester & Pittsb_
590def1,075,870
7,409,600
Delaware & Hudson
875 2.054,575 2,451,695
148,454,277
92,540,188
78,422,402
47.521
Total
15,749,477
15,973,193
11,809,921
Delaware Lack. & Western.... 996
310,664
34,304
382 def89,596
Detroit & Mackinac
456,512
916,852
467,806
62
Detroit & Toledo Shore Line..
Southern Region.
1,036,370 def2,246,652 15,729,068
2,259
Erie (incl. Chicago & Erie)_
322,854
345,074
264.097
141
203,930 1,076,017 Alabama & Vicksburg
Grand Trunk Western Lines_ _ 1,002 2,309,600
1,703,180
519,371 Alabama Great Southern_...... 312 1,498,327 2,062.786
395,718
363,664
Lehigh & Hudson River
97
252,995
660,606
539,640
Point
93
West
1,135,761 Atlanta &
927,354
1.197,761
232
Lehigh & New England
480,000
640 def946,458 def572,922
1,436 3,776,291 6,821,131 11,318,714 Atlanta Birm. & Atlantic..
Lehigh Valley
10,130,915
4,867
11,685,220
7,213,015
Line
Coast
Atlantic
8,052,127
16,969,157
13,692.236
1,862
Michigan Central
1,627,963
1,162,282
1,497,762
583,086 Carolina Clinchfield & Ohio_ 291
108
650,615
1,041,104
Monongahela
3,408,809
1,583,969 3,917,977
1,918
5,682 48,201,701 46,035,695 51,739,500 Central of Georgia
New York Central
466,921
549.209
171,233
Western
Caro
&
343
Charleston
574 4,048,631
3,893,167 2,218,857
N.Y.Chicago & St. Louis.
525,956 3,092,962 3,541,040
569
795,047
576,100 2,103,589 Cincinnati N.0.& Tex. Pac_ 337
N.Y. Ontario & Western_ _
2,842,842
1.633.983
1,444,349
765
Florida East Coast
N. Y. Susquehanna & West858,622
1,326,143 2,256,504
329
999,942 Georgia
226 def185,671
524,551
ern (incl. W.B.& E.)
88,000
348 den 1,538 def/04,538
2,232 6,717,880 3,851,485 3,748,196 Georgia & Florida
Pere Marquette
511,457
351,763
62,
&
Southern
402
Florida
Georgia
8,980,219
225
9,880,183
3,501,821
Erie
Lake
&
Pittsburgh
595,883
def8/,384
364,779
306
613,261 Gulf & Ship Island
103 def/77,302
130,435
Pittsburgh & Shawmut
558,338
200,289
438 def98,977
237,010 Gulf Mobile & Northern
63 def648,908 def319,631
Pittsburgh & West Virginia
4,793 4,479,526 12,981,324 16,282,374
128,009 Illinois Central
def57,775
129 def/52,754
Ulster & Delaware
5,013 11,884,568 19,568,935 17,310,495
2,504
864,445 3,714,172 5,826,810 Louisville & Nashville
Wabash
343,916
648,071
510.724
Louisville Henderson & St. L._ 200
308,525
165 def/84 901
310,921
Total
22,511 103,611,503 109,099,456 142,739,083 Mississippi Central
244,315 2,597,478
997 def1,025,823
Mobile & Ohio
3,182,089
1,242,397 4,145,298
Nashville Chatt. & St. Louis_ 1,247
Ohio-Indiana District1,204,992
187,064
990,248
1,620,259 New Orleans & Northeastern_ 204
415,931
Chicago Indianapolis& Louis's' 657
747,799
519,904
407,939
14,593
422,213 New Orleans Great Northern_ 285
322 def590,797 def/58,387
Cincinnati Indianap & West
1,266,871
163,670
906
291,453
Southern
317,628
Norfolk
252
Cincinnati Northern
257,750
493,591
150,583
64,343
113
192,542
9,938,597 Northern Alabama
2,397 12,981,513 14,751,312
Cleve. Cin. Chicago & St. L
82 2,763,900 3,025.529
1,136,974
225,895 Richmond Fred.& Potomac....
456 def7/0,545 def717,087
Detroit Toledo & Ironton
6,497,025
3,563
1,867,961
3,658,391
350
1,444,287 2,614,670 2,637,167 Seaboard Air Line
Hocking Valley
6,983 10,642,549 29,512,206 18,653,893
1,295,141 Southern
Kanawha & Michigan
177
171,233
1,658,827
6,990
def70,887
278
def40,397
903
1,548,542 Southern RR.in Mississippi
Lake Erie & Western
397,292
def39,034
162,734
def2,468
293 def536,168
436 def//7,097
1,086,651 Tennessee Central
Toledo & Ohio Central
826,951
337,948
454,510
171
342.116
Toledo St. Louis & Western.._ 454
994,294 Vicksburg Shrev & Pacific_
760,549
1,248,218
467,230
36
1,875,153
1,736,088
Wheeling & Lake Erie (incl.
Washington Southern
288,238
569,354
133
Lorain & West Virginia)_ _ _ 537
621,916
1,723,315 Western of Alabama
1,192,764
1,099,856
Yazoo & Mississippi Valley.... 1.382 4,475,913 4,499,924 3,862,318
•
Total
6,941 15,909,487 22,820,109 21,809,702
38,374 53.937,173 110,740,325 102,020,390
Total
Grand total, Eastern region_ _37,460 129,296,408 142,147,069 203,449,878

Average -Net Federal Income- Standard
Return
Miles
Entire Year
1918.
Eastern Region.
1919.
of Road.
S
New England District$
$
1,555,775
607,177
Bangor & Aroostook
107,731
632
4,063,131
Boston & Albany
1,951,199 2,232,916
394
1,895,400 9,832,491
Boston & Maine
2,376 3,577.108
1,468,124
57,768
Central New England
301 def163,138
828,625
Central Vermont
536 def871,205 def689,469
def4,271
Grand Trunk in New England 172 def766,5/4 def1,105,677
2,955,697
Maine Central
1,2 def1,212,203 def581,781
N. Y. N.H.& Hartford
6,929,382 7.769,005 17,173,367
1,
1,023,883
42,165
223,058
Rutland
45

Allegheny Region.
Baltimore & Ohio (incl. Coal
& Coke)......
5,152 5,066,914
Bessemer & Lake Erie
225 2,005,600
Buffalo & Susquehanna
297 def409,326
Central of New Jersey
685
1,408,865
Cumberland Valley
164
447,030
Grand Rapids & Indiana
570
455,093
Long Island
398 2,445,212
N. Y. Philadelphia & Norfolk 122
648,692
Pennsylvania East
5,381
8,042,568
Pennsylvania West
1,755
5,786,456
Philadelphia & Reading
1,629 5,431,888
Pitts.eine Chic.& St. Louis.. 2,384 def2,505,510
Staten Island Rapid Transit.._
24
68,655
Western Maryland
698 def131,265
West Jersey & Seashore
11,927
361
Total

7,193,131
4,940,006
113,043
6,375,183
1,848,302
254,425
3,915,059
990,008
19,952,680
4,464,444
11,298,842
2,878,717
33,941
def479,293
def143,998

19,845 28,772,799 63,634,490

Pocahontas Region.
Chesapeake & Ohio (including
C. & 0.of Indiana)
2,506 7,523,378 17,060,651
Norfolk & Western
2,088 10,133,638 18,804,782
Virginian
1,952,872
523 2,555,230
Total

5.117 20,212,246 37,818,305 37,108,728

Central Western Region.
Arizona Eastern
378
Atch. Topeka & Santa Fe_
9,444
chicago & Alton
1.051
Chicago & Eastern Illinois...... 1.131
Chicago Burlington & Quincy
(incl. Q.0.& K. C.)
9,621
Chicago Peoria & St. Louis__ _ 247
Chicago Rock Isl. & Pacific
8,055
(incl. C.R.I.& G.)
Chicago Terre Haute & S.E._ 374
1.100
Colorado & Southern....,
2,593
Denver & Rio Grande
255
Denver & Salt Lake
1,028
El Paso & Southwestern
454
Fort Worth & Denver City
1,168
Los Angeles & Salt Lake
530
Northwestern Pacific
2,348
Ore
Orego Short Line
259
Island...._
Grand
&
Joseph
St. n
Southern Pacific(Pacific Sys.) 7,048
248
Toledo Peoria & Western
3,614
Union Pacific
1,027
Western Pacific
Total ....




Southwestern Region.
20,514
235
Fort Worth & Rio Grande_ _
1,270,855
920
28,031,146 Gulf Coast Lines
2,466,881
4,713,564 Gulf Colorado & Santa Fe__ ..... 1,936
591,613 International & Great North_ 1,160 def/,404,787
737 def/.244,673
9,352,301 Kansas City Max.& Or.Sys
1,228,967 Kansas City Southern (incl.
862 2.189,359
929,385
T. & F. S.)
302 der/46,634
3,221,949 Louisiana & Arkansas
343,136
389
996,051 Midland Valley
365 def664,377
51,416,782 Missouri & North Arkansas
14,992,785 Missouri Kansas & Texas...... 1,714 4,562,769
17,057,230 Missouri Kan.& Tex. of Tex.. 1,796 def2,4/3.445
11,334,094 Missouri Oklahoma & Gulf_ _ _ 332def1,041,628
7,205 4,363,698
356,824 Missouri Pacific
4,761 14,695,141
3,079,593 St. Louis-San Francisco
134 def179,720
952,682 St. Louis-San Fran. & Texas_
940 3,070,880
St. Louis Southwestern
148,254,966 St. Louis Southwest. of Texas 815 def1,508,721
737 def1,141,723
San Antonio & Aransas Pass
Sunset Lines (incl. H.& T.0.
3,614 9,208,659
and H.E.& W T.)
13,266,983 Texas& Pacific
1,947 3,621,573
20,634,142 Trinity & Brazos Valley
369 def612,360
3,247,603 Wichita Falls & Northwestern 329 def400,226

1,479,821
1,242,475
588,433
40.060,757 41,709,460 39,867,072
1,817,094 3,178,315
def244,395
1,560.806 2,946,001
de1423,466
25.428,088 25,089,199 33,390,080
def868,051 def528,860
127,540
9,067,411
def277,560
1,644,897
6,113,737
def945,793
2,993,415
2,912,058
3,353,127
1,103.594
10,754,273
def48,318
32,677,799
def217,656
32,873.256
3.575,968

9,217,002
769,487
2,868,352
5,492,884
def961,458
4,945,206
1.824,785
2,791,315
1,485,017
10.723,916
def103,787
34,016,787
def4,377
35,629.321
2,604,528

.11,1711

1,301
1,140,676
2,828,218
1,394,946
150,000

3.128,053 3,535,427
359,362
86,232
444,346
766,580 •
175,000
def115,861
5,853,831
5,215,538
621,773
def790,996
def529,613 def83,603
11,821,976 14,206,814
11,247,194 24,690,213
def117,399 def332,953
3,355,749
3,681,615
555,165
def338,255
456,684
def126,023
13,836,811
3,719,146
def430,238
def488,896

8,503,128
4,107,432
63,158
145,245

31,599 35,055.171 55,972,636 61,588,468
231,889 515,817.773 685,279,511 892,855,395

Total New England district__ 8,008 9,775,418 10,227,504 38,901,093
26.3
25.1
% of standard return
22,511 103,611.503 109,099,456 142,739,083'
Total Central District
76.4
72.6
% of standard return
Total Ohio-Indiana District- 6,941 15,909,487 22,820,109 21,809,702
104.6
72.9
% of standard return

15,880,681
922,785 Total Eastern Region
37,460
2,481,212
% of standard return
8,319,377 Total Allegany Region
19,845
353,290
% of standard return
4,145,102 Total Pocahontas Region
5,117
1,891,386
% of standard return
3,414,751 Total Southern Region
38,374
1,338,000
% of standard return
10,204,619 Total Northwestern Region_ _47,521
373,811
% of standard region
i
36,171,354 Total Central Western Region51,973
159,740
% of standard return
23,670,741 Total Southwestern Region.._31,599
1,900,350
% of standard return

1.973 170.121,574 182,426,498 191,978,682
-•

Total
Grand total all regions

def61,994
1,928,596
2,854,270
1,378,645
def692.245

129,296,408
63.6
28,772,799
19.4
20,212.246
54.5
53,937.173
52.9
78,422,402
52.8
170,121,574
88.6
35,055,171
56.9

142,147.069
69.9
63,634.490
42.9
37,818,305
101.9
110.740.325
108.5
92,540.188
62.3
182,426,498
95.0
55,972,636
90.9

203,449,878
148,254,969
37,108,728
102,020,396
148,454,277
191,978,682
61,588,468

Grand total all regions_ ---231,889 515,817.773 685,279.511 892,855,396
76.8
turn__
57.8
,
% nfstandard rt




AIM

B LA IR

CO

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For the
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This Company's Plan for the Preparation and Certification of Municipal
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Relieves those in charge of Municipal Bond
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Assists in marketing Municipal Issues.

Maintains complete records of issues handled,
for convenience of investors and dealers.

Supplies highest quality of distinctive watermarked paper stock, engraving and all technical services.

3,800 Issues of 675 Municipalities, totaling $535,000,000, have been prepared and certified under this
Company's plan. Descriptive Booklet, "Municipal and Corporation Bonds," will be sent upon request.

UNITED STATES
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Capital, Surplus and Undivided Profits, $7,200,000

NEW YORK
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