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RAILWAY EARNINGS SECTION OF THE COMMERCIAL 8t FINANCIAL CHRONICLE Copyrighted in 1919 according to Act of Congress, by WILLIAM B. DANA COMPANY,in office of Librarian of Congress, Washington, D.C. ..............................................,.........,.............. ........................................... NEW YORK, FEBRUARY 15, 1919. VOL. 108. ...._ NO. 2799. T HIS entire publication is devoted to a presentation of the reports of earnings and expenses of United States railroads for the latest month (December)and for the calendar year to date, including said months. The table embraces every steam operating railroad in the country which is obliged to make monthly reports to the Inter-State Commerce Commission at Washington. Returns are now required only from carriers whose railway operating revenues, or gross earnings, exceed $1,000,000 per annum. The figures are a transcript of the sworn returns on file at WashingSworn Returns. ton. They have the further advantage of uniformity of method and classification. Every company is obliged to make up its returns on the same basis and in the same way as every other company. The "Chronicle" has always made a specialty of weekly and monthly Earnings reports of railroad earnings, and for nearly fifty years its weekly Our Specialty, and monthly summaries have been everywhere accepted as authoritative. 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 showing total gross earnings, we indicate separately the passenger and the freight revenues. In the case of the expenditures we report the outlays for both maintenance of way and maintenance of equipment as well as the traffic and transportation expenses. We also show the railway tax accruals (less War Taxes) and the net earnings after the deduction of such taxes and the comparatively trifling item of uncollectible railway revenues. In addition, we indicate the net earnings remaining after the deduction of certain rents, namely equipment rents and joint facility rent. Lastly, we show the Federal War Taxes, the carriers being obliged themselves to meet these taxes out of the rental received from the Government. We conclude by giving 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 the other, from exact proof, the reason for the variance will be found in that circumstance. publication absolutely complete, we add statements To Company Returns at make this show also the figures issued by the companies themto the end Also Given. selves, where they are made up on a basis different from that of the Commerce Commission returns, or where they give fixed charges in addition to earnings, or where they have a separate and distinct fiscal year. The matter contained in this extra and novel publication is entirely Other Returns additional to the comprehensive reports of earnings we furnish in the Continued, "Chronicle" from week to week. All the returns of the leading roads, and also all weekly figures of gross earnings, are printed regularly and promptly in the "Chronicle" as soon as received. But in addition we issue once a month—say about the 15th—this special publication, furnishing a sort of compendium of earnings in which we bring together all the returns for the latest month which are available. As in the case of our numerous other Supplements or "Sections," all Only for of which are expensive publications, the "Railway Earnings Section" Subscribers, 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. WILLIAM B. DANA COMPANY, PUBLISHERS NEW YORK CHRONICLE BUILDING FRONT, PINE & DEPEYSTER STREETS \ . • 3 RAILWAY EARNINGS FEB., 1919.] GENERAL INDEX TO ROADS APPEARING IN THIS SECTION. Page Name— 4 • labama & Vicksburg • labama Great Southern. See Southern_12 • nn Arbor • 'zona Eastern. See Southern Pacific_12 4 • Willson Topeka & Santa Fe 4 • tlanta & West Point 4 • tlanta Birmingham & Atlantic • tlantic & St. Lawrence. See Grd. Trk. 7 Lines. in New England 4 • tlantio City 4 • tlantic Coast Line 4 :altimore & Ohio :altimore & Ohio Chicago Terminal__ _ 4 :altimore Ches. & Atlantic. See Penn_ 10 4 :angor & Aroostook :eaum.Sour L.& W. See N.O.T.& M_ 9 14 ellefonte Central 4 :elt Railway of Chicago 4 :essemer & Lake Erie 5 :ingham & Garfield 5 :irmingham Southern 5 :oston & Maine 5 :uffalo & Susq. RR. Corp :uffalo Rochester & Pittsburgh_ _5,and 14 anadian Pacific Lines (in Maine)._ 5 5 arolina Clinchfield & Ohio 5 entral New England 5 entral of Georgia 5 entral RR. of New Jersey 5 entral Vermont 5 harleston & West Carolina 5 hesapeake & Ohio Lines 5 hicago & Alton 5 hicago & Eastern Illinois hicago & Erie. See Erie 5 hicago & North Western 5 hicago Burlington & Quincy hicago Dot. & Can. Grand Trk. Jet. 7 See Grand Trunk Western 5 and 14 hicago Great Western 5 hicago Indianapolis & Louisville 5 hicago Junction 5 hicago Milwaukee & St. Paul 6 hicago Peoria & St. Louis RR ilicago Rock Island & Gulf 6 6 hicago Rock Island & Pacific 6 hicago St. Paul Minn. & Omaha hicago Terre Haute & Southeastern 6 6 incinnati Indianapolis & Western incinnati New Orleans & Texas Pacific_ 6 Ancinnati North'n. See N.Y.Cent. _ _ _ 9 love. Cin. Chic. & St. L. See N.Y.Cent 9 oal & Coke. See Baltimore & Ohio 4 6 olorado & Southern 6 olorado & Wyoming 6 ripple Creek & Colorado Springs umberland Valley. See Pennsylvania_10 6 I elaware & Hudson 6 I elaware Lackawanna & Western •enver & Rio Grande 6 6 •enver & Salt Lake 6 Detroit & Mackinac 6 Detroit & Toledo Shore Line •etroit Grand Haven & Milwaukee. See Grand Trunk Western 6 etroit Toledo & Ironton 6 uluth & Iron Range 6 uluth Missabe & Northern Duluth South Shore & Atlantic Page Name— 7 Duluth Winnipeg & Pacific 7 East St. Louis Connecting El Paso & Southwestern Elgin Joliet & Eastern 7 Erie 7 Florida East Coast Fonda Johnstown & Gloversv 7 and 14 7 Fort Smith & Western Fort Worth & Den. City. See Col. & So 6 Ft. Worth & Rio Gr. See St. L. & S. F_11 Galv. Harrisb.& San Ant. See Sou.Pac.12 7 Galveston Wharf 7 Georgia Georgia Southern & Fla. See Southern_ _12 Grand Rapids & Indiana. See Penn.. _10 7 Grand Trunk Lines in New England 7 Grand Trunk Western Great Northern 7 Gulf & Ship Island Gulf Colo. & Santa Fe See Atchison 4 7 Gulf Mobile & Northern 7 Hocking Valley Houston & Texas Cent ,See Sou. Pac 12 Houston East & West Tex. See So. Pae..12 7 Illinois Central Indiana Harbor Belt. See N. Y. Central_ 9 7 International & Great Northern Kanawha & Mich. See N. Y. Cent.__ 9 8 Kansas City Mexico & Orient RR Kan. City Mex.& Orient Hy. Co. of Tex. 8 8 Kansas City Southern 8 Kansas City Terminal 9 Lake Erie & W See N Y Cent 8 Lehigh & Hudson River 8 Lehigh & New England 8 Lehigh 'Valley 10 Long Island See Pennsylvania 8 Los Angeles & Salt Lake 8 Louisiana & Arkansas 8 Louisiana Railway & Navigation Co Louisiana Western See Southern Pac_12 8 Louisville & Nashville 8 Louisville Henderson & St. Louis 8 Maine Central Maryland Delaw.& Virginia. See Penn_10 9 Michigan Ceht. See N Y Cent 8 Midland Valley 8 Mineral Range 8 Minneapolis & St. Louis 8 Minneapolis St. Paul & S S M Minnesota & Internat. See No. Pac__ _10 8 Mississippi Central_ 8 Missouri & North Arkansas 8 Missouri Kansas & Texas issouri Kansas & Tex Ry. of Texas_ 9 9 Missouri Oklahoma & Gulf 9 Missouri Pacific 12 Mobile & Ohio. See Southern 10 Monongahela. See Pennsylvania 9 Monongahela Connecting Morgan's L.& T.RR.&SS.Co See So P.12 9 Nashville Chattano,Oga & St. Louis 9 Nevada Northern 9 Newburgh & South Shore 9 New Orleans & North Eastern 9 New Orleans Great Northern 9 New Orleans Texas & Mexico 9 New York Central New York Chicano & St. Louis_10 and 14 " Page Name— New York New Haven & Hartford____10 New York Ontario & Western_ AO and 14 New York Phila. & Norfolk. See Penn_10 New York Susquehanna & Western........10 10 Norfolk & Western 10 Norfolk Southern 10 Northern Pacific 10 Northwestern Pacific 13 Oahu Railway & Land Co Oregon Short Line. See Union Pacifio_13 Oregon-Wash. RR.& Nay. See Un.Pae.13 Panhandle & Santa Fe. See Atchison 4 10 Pennsylvania Railroad 10 Pennsylvania Company. See Penn 11 Peoria & Pekin Union 11 Pere Marquette 11 Philadelphia & Reading Ry 9 Pittsb. & L E See N. Y Cent Pitts. Cin. Chic.& St. Louis. See Penn_10 11 Pittsburgh Shawmut & Northern 11 Pittsburgh & Shawmut 11 Pittsburgh & West Virginia 11 Port Reading 11 Quincy Omaha & Kansas City 11 Richmond-Washington System Rich rn. Fred.& Potom. See Rieh.-Waeh.11 11 Rutland St. Joseph & Grand Isl. See Union Pac_13 11 St Louis-San Francisco St. L. Brownsv.&Mex. SeeN.O.T.&M_ 9 St. Louis Merchants' Bridge & Terminal. See Terminal Association of St. Louis..12 St. Louis San Fr. & Tex. See St.L.-S _1 l • 11 St Louis Southwestern St. Louis S.W.Ry.ofTex.SeeSt.L.&S.W.11 11 St. Louis Transfer 11 San Antonio & Aransas Pass 11 Seaboard Air Line 11 South Buffalo 11 Southern Railway 12 Southern Pacific Southern Ry. in Mississippi. See South_12 12 Spokane International 12 Spokane Portland & Seattle 12 Staten Island Rapid Transit 12 Tennessee Central Terminal Railroad Assn. of St. Louis...12 Texarkana & Ft. Smith. See Kan. C.So. 8 12 Texas & New Orleans. See So. Pac 12 Texas & Pacific 9 Tol. & Ohio Cent. See N. Y. Cent Tol. Peoria ,76 West. See Penn_10 and 14 12 Toledo St. Louis & Western Trinity & Brazos Valley. See Col.&Sou. 8 12 Ulster & Delaware 13 Union RR (of Pennsylvania) 13 Union Pacific 13 Utah_ Vicksburg Shreveport & Pacific _____ 13 13 Virginian 13 Wabash Washington Southern. See Rich.-Wash_11 10 West Jersey & Seashore. See Penn_ 13 Western Maryland 13 Western Pacific 13 Western Railway of Alabama 13 Wheeling & Lake Erie 13 Wichita Falls & Northwestern 13 Yazoo & Mississinni Valley 4 RAILWAY EARNINGS [Vol,. 108. INTER-STATE COMMERCE COMMISSION RETURNS FOR DEC EMBER AND THE TWELVE MONTHS ENDING WITH DECEMB ER In the following we furnish detailed figures of earnings and expenses for December 1918, as compared with December 1917,and also for the twelve months ending with December in the two years, of every steam railroad in the United States which is obliged to file monthly returns of earnings and expens es with the Inter-State Commerce Commission at Washington. In cases where the December return has not yet been filed with the Commission, we give the figures for the latest previous month. 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 tke 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 Compa ny returns where these differ in any way from the Commerce Commission returns or einkrace more facts than are contai ned in the latter. Alabama & Vicksburg EARNINGS. Freight revenue Passenger revenue Tot., incl. other rev. Expenses-Maint.way Malnt. of etiuipm't_ Traffic expenses.._ _ Transportation exp_ Total,incl. other.. Net from rallroad Taxes (less war taxes) Net after taxes_ _ _ _ Net after rents War taxes Aver. miles of r'd oper. a & West Point -Month of December--Jan. 1 to Dec. 31- -MonthAtlant of December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. $ $ $ $ $ $ $ $ 187,322 126,794 1,603,977 1,423,159 144,008 66,185 1,252,802 879,580 64,790 67,153 622,950 533,692 103,630 76,462 1,041,403 664,620 262,608 212,125 2,470,855 2,139,315 265,303 166,939 2,548,440 1,770,250 34,322 19,672 269,367 284,417 20,866 18,276 254,171 178,043 62,092 30,028 591,657 351,752 40,565 30,486 456,331 294,213 1,714 5,567 42,982 61,588 2,131 5,968 40,742 77,120 118,286 72,570 1,032,214 725,148 101,510 69.597 867,069 598.444 227,233 131,786 .2,045,117. 1,501,242 174,66.! 134,024 1,730,354 1,241,228 35,375 80,338 425,738 678,073 90,640 32,914 818,085 529,022 15,916 23,758 138,194 139,176 1,266 18,000 93,566 134,115 19,438 56,461 287,283 498,197I3D,372 14,819 724.443 394,513 18,72d 60,89 323W0 617,503 72,161 14,489 647,348 396,30S 1,705 20,460 141 141 93 93 Ann Arbor EARNINGS. Freight revenue Passenger revenue.._ _ Tot., incl. other rev. Expenses-Maint.way MaInt. of equipm't_ Traffic expenses_ Transportation exp_ Total,Incl. other_ Net from railroad__ ..Taxes (less war taxes) Net after taxes.. Net after rents War taxes' Aver. miles of r'd oper. -Month of December--Jan. 1 to 1918. 1917. 1918. $ $ $ 294,362 193,021 2,782,381 56,790 48,431 567,580 370,169 257,885 3,006,y0t 56,907 21,070 595,485 76,749 46,244 773,071 350 7,028 47,193 164,530 149,955 1,661,727 308,052 234,213 3,113a,,tzo 02,117 23,672 390,484 13,100 13,100 157,200 48,868 10,560 232,258 48,140 9,507 175,134 301 301 Atlanta Birmingham & Atlantic Dec. 31- -Month of December--Jan. 1 to 1917. 1918. 1917. 1918. $ $ $ $ 2,380.540 340,050 267,890 3,524,660 551.002 101,821 84.301 850,546 469,176 383,116 4,703,381 285,610 101,986 52,985 1,065,891 477,042 126,789 64,837 1,253,008 76,033 5,818 16,473 96,176 1,420.225 278,644 166,091 2,470,841 Z,O64,0.0 526,285 310,282 5,038,455 754,053 --57,109 72,834 --335,074 157,200 22,082 25,952 194,782 596,487 --79,398 46,880 -530,894 423,785 --81,059 31,554 -L-584,761 639 640 Atchison Top & Santa Fe Syste Baltimore & Ohio includes Coal & Coke -Month of December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. 10,880,807 7.648,808 129047,317 102365,163 3,024,910 2,065,665 30,676,946 19,990,255 15,358,812 10,668,050 174191,448 133613,320 3,044,272 499,347 25,775,063 14,182,9 3,856,033 2,262,749 48,903,661 25,874,263 79 130,002 186,347 1,964,492 2,405,77 7,507,031 5,556,302 78,846,090 56,574,3505 15,014.641 8,816,119 160592,180 103024,213 344,171 .-1,851,930 13,599,268 0,589,10 337,866 455,298 4,784,145 4,455,819 5,122 1,38-672U' 8,795,202 6,112,068 40,192 9)1 .----4(7,rg 22,593,060 5,145. 4,937 B & 0 Chicago Terminal Dec. 31- -Month of December- -Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1917. $ $ $ 2,981,087 696.492 Cr9 302 4,887 6,110 3,983,368 116,059 121,138 1,761.485 1,940,003 583,824 43,181 13,000 320,062 217,518 673,533 64,171 31,728 636,335 381,036 s 183,553 802 1,241 12,850 11,751 • 1,755,885 152,410 109,873 1,605,174 1,289,122 3,322,257 270,867 167,814 2,699,703 2,004,364 661,111, -104,807 -46,676 -938,217 -64,361 180,652 31,876 18,360 359,537 254,248 40,59k -186,083 .., -65,036-1,297,866 --318,91d 452,571 --91,198 22,007 --158,174 7 01-,734 500 6,000 91 91 m Atchison 'Topeka & Santa Fe -Month of December- -Jan. 1 to Dec. 311918. 1917. 1918. 1917. Freight revenue . 9,917,029 7,898,848 80 98,801,487 Passenger revenue__ 3,218,067 3,029,433 113798,0 37,045,790 30,907,445 Tot., Incl. other rev. 13,997,068 12,308,968 162369,130 /8,9.50 Expenses-Maint.way 542,229 1,416,92 19,037,932 lquv 15,997,975 Maint. of equipm't_ 4,690,383 2,032,5512 35,100,2 35 23,544,437 Traffic expensos.._ _ 127,517 190,184 1,675,783 2,317,636 Transportation exp_ 6,377,302 4,339,234 56,588,997 44,172,0 08 Total,incl. other-11,933,772 8,134,014 114912,375 88,504,049 Net from railroad____ 27063,29S 4,174,954 47,456,7 54 52,474,886 Taxes (less war taxes) 578,898 818,924 6,726,927 7,061,83 2 Net after taxes___ 1,481,647 3,355,221 40,708,335 45,392,675 Net after rents 1,413,137 3,365,265 41,658,302 45,365,744 War taxes 165,823 86,375 199,781 3,523,326 Aver. miles of r'd oper. 8,624 8,629 Bangor & Aroostook -Month of December--Jan. 1 to 1918. 1917. 1918. $ $ $ 337,005 236,080 3,795,890 77,209 81,194 813,036 437,616 339,379 4,863,222 63,215 75,948 791,357 83,883 73,711 1,162,520 3,244 4,929 45,924 242,676 127,412 2,038,997 405.567299,530 4,239,516 32,049 .--: 37 1,81 -. 9 623,705 18,333 Cr16,362 213,418 13,68? 56,212 410,065 17,396 592,228 632 632 EARNINGS. --9-(3;717 Dec. 311917. $ 3,285,353 856,867 4,384,561 632,472 746,295 49,764 1,364,172 2,990,368 1,394,193 189,887 1,204,238 1,525,828 Gulf Colorado & Santa Fe Atlantic City Belt Railway of Chicago -Month of December--Jan. 1 to Dec. 31- -Month of Decembe r- -Jan. 1 to Dec. 31- -Month of December--Jan 1918. . 1 to Dec. 311917. 1918. 1918. 1917. 1917. 1918. 1917. 1918. 1917. $ 1918. 1917. $ $3 Freight revenue $ 920,952 1,108,889 12,844,674 12,434,457 $ $ 179,746 87,829 1,802,72 7 1,180,37 Passenger revenue.._ _ 6 411,086 460,821 4,878,257 3,740,667 113,135 84,781 2,138,08 0 1,868,898 Tot., incl. other rev. 1,430,497 1,686,353 18,885,0 9/ 17,286,0oa 308,660 187,593 4,252,269 3,215,425 304,794 Expenses-Maint.way 268,056 3,899,764 3,805,947 376,318 381,067 3,422,867 3,230,906 47,233 31,039 435,050 Maint. of equipm't_ 355,643 35,469 31,256 453,910 413,401 211,165 3,476,114 2,393,470 295,488 32,691 19,100 449,164 Traffic expenses_ _ _ 256,699 45,697 51,575 10,832 789,389 35,112 551,734 228,958 360,360 307 1,502 13,158 40,512 Transportation exp.. 571 864,467 1,270 4,806 558,018 7,158,791 5,609,6 6 16,329 170,124 128,210 1,987,832 1,671,830 204,440 164,687 2,476,300 1,835,683 Total,Incl. other 1,745,846 1,218,843 14.820.928 12,185,472 252,438 183,734 2,901,005 2,341,724 496 256,613 .3,77 Net from railroad.._ _ _ -315,349 5.409 2,786,63 1 447,510 4,055,169 5,100,167 56,222 3,858 1,351,264 Taxes (less war taxes) 873,701 11,443 87,339 124,355 1,019 175 109,898 853,696 16,695 838,163' 24,978 144,405 16,442 144,978 13,897 197,074 Net after taxes_ 160,025 -103,200 336,722 3,196,932 4,256,886 39.527 , -21,119 1,206,769 728,629 -6,103 -2,454 Net after rents ---'77 2,718 857,296 -416,712 270,171 2,824,145 3,609g 36,518 -34,113 1,018,478 War taxes 491,177 1,344,016 --1,598 906 -21,315 11,369 60,578 Aver. miles of r'd oper. 1,934 1,212 1,937 170 170 31 31 Panhandle & Santa Pe Atlantic Coast Line Bessemer & Labe Erie -Month of December--Jan. 1 to Dec. 31- -Month of Decembe r --Jan . 1 to Dec. 31- -Month of December--Jan. 1 to Dec. EARNINGS. 1918. 1917. 1918. 311917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. $ $ 1917. $ $ $ 5 Freight revenue $ $ $ 305,689 $ $ 405,426 4,275,636 5,463,608 3,460,416 2,874,28 $ 9 36,483,716 28,960,412 Passenger revenue.. 779,430 624,187 12,688,341 11,695,359 83,761 107,650 1,253,186 1,134,345 1,699,994 1,287,15216,56 7,982 11,576,865 37,777 34,681 395,085 Tot., incl. other rev. 393,463 412,254 537,794 5,809,o5/ 0,590,000 5,619,882 4,608,096 56,992,3 29 44,063,3 Expenses-Maint.way 862,812 31 690,306 93,426 13,417,564 12,372,619 100,785 1,092,039 454,651 877,925 228,005 6,567,49 9 Maint. of equip:Wt. 4,891,46 31,361 2 128,433 1,139,120 1,478,398 175,847 104,148 1,767,964 1,165,563 948,153 520,503 10,904,846 • 7,002,226 Traffic expenses 284,360 284,187 3,462,840 3,047,860 2,901 4,094 46,772 57,152 43,829 59,776 620,155 Transportation exp_ 752,669 7,493 14,942 267,813 189,106 2,303,315 1,932,696 2,196,167 1,564,07 129,139 144,358 6 23,186,790 15,982,770 367,114 329,285 4,430,406 3,934,485 .Total,incl. other.. 552,345 415,344 .6,361,810 4,100,049 3,770,861 2,477,288 ‘ .12,663,302.29,773,994 700,709 755,394 9,167,238 8,672,254 Net from railroad_ _ -140,091 122,450 451,781 2,724,209 1,849,020 2,130,807 14,a29,026 14,289,336 Taxes (less war taxes) 162,102 .--Cr4,461 -05,088 7,2W3 26,447 7 7 3,700,38L 194,559 203,777 200,000 95,000 2,495,000 2.264,000 11,440 24,443 241,626 t after taxes 287,561 -135,632 95,017 261,682 2,518,40 1,648,255 2,035,028 11,827,096 12,013,7 ---150.662 -89 41 4,008,69 Net after rents 8 5,412,77 --158,621 2 72,383 ---8,170 2,064,06 1,603,63 7 2,014,60 9 11,626,1 4 28 War taxes 14-0-14 ,3,564 15,796. 47913,76-0' -47,479,15(1 344,259 57,740 226,240 100,000 1,065,000 Aver. miles of r'd oper. 73,006 772 709 604,929 4,840 4,788 208 208 EARNINGS. 3 $ $ 1,581T 626,4go r3T2W66l RAILWAY EARNINGS FEB., 1919.] Bingham & Garfield 5 Central of Georgia -Month of November- -Jan. 1 to Nov. 30- -Month of December- -Jan. 1 to Dec. 311918. 1917. 1917. 1918. 1918. 1917. 1918. 1917. $ $ $ $ $ $ 8 $ Freight revenue 263,765 299.024 3,059,651 2,913,123 1,046,022 946,289 12,877,851 10,097,953 Passenger revenue.. 4,983 4,284 43,755 53,861 626,734 538,790 5,876,487 4,253,699 306,268 3,189.908 3,010,555 1,856,535 1,636,902 20,647,382 16,024,537 281,725 Tot.. incl. other rev. • Expenses-Maint.way 23,203 45,783 440,736 304,263 83,339 29,308 2,913,602 2,143,140 Maint. of equipm't_ 38,765 52,264 507.486 369,184 438,032 227,585 4,142,607 2,672,947 Traffic 1,302 1,835 14,658 13,586 29,603 39,916 377,070 480,492 Transportation expenses..' exp.. 48,029 633,317 65,583 441.198 711,801 545,165 7,894,573 5,265.402 Total,incl. other.. 113,969 1,688,599 1,166,616 1,320 124 173,947 885,897 15,961,992 11,045,859 Net from railroad_ _ 192,299 1U 1,843,938 ,1,/ 1-67536,411 751,005 4,685,390 4,978,688 11,999 109,836 Taxes (less war taxes) 16,264 99,352 80,105 92,376 787,713 767,220 Net after taxes 95;777 • " --176;V34 7:111:17.3 1;744,585 455,244 657,561 3,891,050 4,200,738 Net after rents 110,147 ,1511,5' 193=-76•7517 "r905.699 487,108 659,591 3,905,339 4,586,642 War taxes Aver. miles of r'd oper. 36 36 1,918 1,918 I EARNINGS. Birmingham Southern Central New England -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to 1917. 1918. 1918. 1917. 1 1918. 1917. 1918. $ $ $ $ $ $ $ Freight revenue 87,885 1,167,152 68,281 884,058 442,510 373,008 5,494,741 Passenger revenue...... 1,653 10.383 23,808 24,992 32,882 296,946 83,311 Tot.. incl. other rev. 113,856 1,397,254 1,201,529, 507,837 426,656 6,063,155 Expenses-Maint.way 5,460 12,243 106,867 189,168; 107,383 70,084 1,171,335 Maint. of equipm't_ 30.149 8,564 252,010 320,440 76,112 46,212 1,062,351 Traffic expenses.._.. 711 708 10,979 9 810 2,157 1,366 20,616 ' 1 Transportation exp70.725 56,460 598.529 987,563 271,950 189,786 2,998,462 Total,incl. other.. 88,692 110,696 1,014,761 1,161,8221 484,758 318,098 5,401,886 -5,380 Net from railroad.._ _ _ 3,159 382,492 39,707 23,078 108,557 661,268 36,885 3,620 Taxes (less war taxes) 95,121 40,197 Cr9,330 21,185 186,469 -42,265 Net after taxes.._ -461 287,370 -490. 32,388 87,361 474,519 -4-3740 Net after rents 309,611 --311 20,958 50,998 53,662 47,02' War taxes 80 Aver. miles of r'd oper. 27 44 301 301 EARNINGS. Boston & Maine EARNINGS. Freight revenue Passenger revenue.. Tot., incl. other rev. Expenses-Maint.way Maint. of equipml. Traffic expenses...._ Transportation exp_ Total,incl. other.. Net from railroad_ _ Taxes (less war taxes) Net after taxes_ _ Net after rents War taxes Aver. miles of r'd oper. -Month of December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. $ $ $ $ 2,226,791 2,637,114 43,085,443 35,080,689 1,649,638 1,421,674 19,048,390 17,566,981 5,734,750 4,671,062 69,911,392 59,686,815 1,522,587 217,402 10,018,497 6,145,073 1,764,608 1,002,854 14,175,173 8,743,665 49,325 480,808 38,359 446,561 4,035,546 2,934,665 37,504,330 29,850,669 2,572,144 4,399,824 64,430,771 46,947 627 -1,837,394 271,238 5,480,620 12,239,187 253,013 137,925 2,190,399 2,016,899 .2,090,531 -129,522 3,290,098 10,218,497 -2,109,016 102,269 1,737,008 7,234,942 2,258 2,258 , -Month of December--Jan. 1 to 1918. 1917. 1918. $ $ $ Freight revenue 178,399 145,737 2,138,357 Passenger revenue._ _ 7,690 7,354 70,036 Tot., incl. other rev. 189,868 155.933 2,249,666 Expenses-Maint.way 47,842 Cr21,343 424,531 Maint. of equipm't_ 91,691 53,215 839,732 Traffic expenses_ 2,387 2,296 23,338 Transportation exp. 73,985 58.343 889,609 Total,incl. other.. 105,812 2,267,653 225.993 Net from railroad........ --36,125 50,120 -17,987 2.320 Taxes (less war taxes) 20,913 42.780 -33,805 Net after taxes......_ 29.207 60,767 Net after rents -61,692 63,880 104,569 War taxes Aver. miles of r'd oper. 265 252 MEV Dec. 311917. $ 4,886,043 355,274 5,477,288 943,083 542,092 15,167 1.990.928 3,618,488 1,858.799 220,585 1,637,893 982,340 Central Railroad of New Jersey Chicago Burlington & Central Vermont Freight revenue Passenger revenue Tot., incl. other rev. Expenses-Maint.way Maint. of equipm't_ Traffic expenses...._ Transportation imp_ Total,incl. other.. Net from railroad........ Taxes (less war taxes) Net after taxes__ _ _ Net after rents War taxes Aver. miles of r'd oper. Freight revenue Passenger revenue...... Tot., incl. other rev. Expenses-Maint.way Maint. of equipm't_ Traffic expenses.._ _ Transportation exp.. Total,incl. other.. Net from railroad........ Taxes (less war taxes) Net after taxes_ Not after rents War taxes Aver. miles of r'd oper. • -Month of December--Jan. 1 to 1917. 1918. 1918. S $ $ 177,466 1,945,843 261,586 51,062 43,425 293,152 318,425 238,933 2,409,260 35,174 41,983 546,288 581,854 35,555 91,100 5,496 28,949 1,664 176,729 1,507.053 219,059 257.765 2 697,158 357:468 --39,042 --18,831 --287,897 21,52 137,952 13,920 -60,494 --425,8.39 --93,502 -47,283 -597,254 233 Dec. 311917. $ 1,943,992 338,893 2,424,739 465,161 366,096 70,142 1,166,855 2 129,438 295,300 114,420 180,880 61,228 233 Carolina Clinchfield & Ohio EARNINGS. Freight revenue assenger revenue...._ TotAplither rev. t.way Expensal4o Maint. o Muipnet. Traffic expenses Transportation exPTotal,incl. other.. et from railroad......Taxes (less war taxes) Net after taxes et after yenta ____ War taxes__ ver. miles of r'd oper. Chicago Indianapolis & Louisville -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 toCarolina Dec. 31- -Month of December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. 1918. 1918. 1917. 1917. 1918. 1917. 1918. 1917. $ $ $ $ $ $ $ $ 8 $ 8 $ 1,434,901 1,014,119 16,437,948 13,119,838 225,570 702,844 171,943 2,154,489 1,816,131 451,390 7,602,549 6,703,191 121,974 1,335.097 1,313,594 130,710 81,887 247,925 56,662 713,000 461.717 204,500 2,462.231 2,178,462 1,606,733 1,184,635 18.479,658 14,975,000 319,811 243,513 3,015,886 2,401,443 1,045,275 756,234 11,017,274 9,161,397 321,076 40,113 2,823,761 1,854,770 28,862 Cr23,752 151,605 422,435 68,165 1,303,589 305,345 876,824 529.892 381,799 5,966,244 4,043,988 30 4:2 099 59 23,626 299,842 457,591 176,384 2,951,859 1,731,784 282,718 13,451 17,687 187,923 191,523 4,379 12,750 32,988 50,086 52,599 190,186 260,630 665,666 539,089 8,179,786 5,813,029 131,806 82,779 1,324,607 427.118 319,013 4,548,118 3,384,522 841,615 1,570,365 1,011 521 ,17 577,207 11 878,565 200,784 90,845 2,317,402 1,527,927 914,480 617,930 9,291,784 6,482,004 173,114 36,367 902,450 3,096,434 119,027 130,795 152,668 698,484 132,304 -1-71- 54V 2,679,89i 873,515 204,580 503 ,- 35,400 424,810 45.650 23,633 9,000 31,249 108,000 109,133 391,452 413,520 137,713 35,760 607,527 2.671,264 110,027 85.144 129,053 100,999 1,333,252 2,265,749 500,322 703T7 85,274' `218,011 1,027,518 3,535,241 129,407 115,578 54,687 548,531 704,723 746,738 1 ,714 ,61-4 25,345 6,765 153,894 81,189 1,349 30,107 589 584 (See also on page 14) 342 342 657 654 Canadian Pacific Lines (in Me) EARNINGS. Chicago Great Western Dec. 31- -Month of December- -Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1918. 1917. 1917. 1918. 1917. $ 8 $ $ $ $ $ $ $ 1,680,420 329,131 246,108 3,799,679 3,024,512 1,137,109 871,213 12,888,034 11,007,427 73,986 76,285 412,655 73,191 380,152 4,756,820 3.935,131 847,284 965,595 1,785,855 453,096 362,310 5,188,837 4,482,810 1,685,459 1,376.426 19,116,924 16,368,323 227,710 278,641 80,796 Cr1,199 94,182 3,129,184 2,131,192 819,180 438,659 508,749 257.710 481,936 73.075 1,323,477 202,416 5,130,650 2,833,950 719,623 21,270 24,682 5,033 7,621 47,237 87,610 98,177 386,761 556,562 569,587 930.736 378,908 222,353 3,187,154 2,320,256 600,144 8,480,988 6.350,827 1,411,022 743 691 314,481 5,588,538 3,730,310 1,772.432 988,092 17,783,097 12,492,411 374,833 --290,595 47,829 --399,701 388,334 "033,827 •3,875,911 752.500 --86,872 61,163 7,935 61.058 33,653 198,932 206,836 671,091 10,253 323,664 -298,532 14 779 -498,801 331,443 551,409 .'-=1-.- 47,-3-T6 657,571 Cr307,281 781,080 -300,945 "----11,111 -547,358' 603,210 -224,578 253,607 21,456 480 4,585 14,500 4,800 75,866 54,900 411 1,496 411 1,496 (See also on page 14) Buffalo Rochester & Pittsburgh Charleston & Western EARNINGS. Chicago & North Western -Month of December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. $ $ $ $ 6,853,559 5,505,988 87,630,795 72,264,461 2,510.126 2,203,395 28.000,861 24.516.357 10,676.199 8,788,958 127295,678 108264,983 2,136,245 680,958 19,490,620 13,394,113 2,774,679 1,625,532 26,834,170 17,899,338 59,601 104,014 951,457 1,354,007 6.435,044 3,971,737 58,833,776 43,177.645 11,760,601 6,615,940 109498,572 78,758,988 -1,084,401 2,173,017 17,797,106 29.505,994 567,481 366.948 5.497,481 5,041.948 -1,652,784 1.80:3,121 12,272,956 24,450,937 -1,747,192 1,895,669 12,441,437 24,397,856 8,090 8,109 Quincy -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311918. 1917. 1918. • 1917. 1918. 1917. 1918. 1917. $ $ •$ $ $ $ -8 8 2,648,173 1,910,679 33,387,854 27,102,318 9,350,333 7,265,162 104492,827 87,008,589 631,372 520,872 7,753,315 6,922.156 2,358,363 2,181.258 28.052,904 24,373,779 3,559,889 2,767,715 44,790,670 37.096,739 12,639,318 10,388,401 144172,769 122342,706 575,925 247,994 4,068.182 3,109,100 2,057,549 485,294 19,996,385 12,984,568 1,139,472 693,954 10,419.019 6,686,132 2,735,150 416,697 29,726,986 18,196,488 30,704 29,513 84,347 301,723 128,019 1,209,796 1,681,061 369,756 2,134,703 1,608,127 20,458,641 15,240,890 5,681.481 4,685,981 56,825,202 42,293,222 3,991,212 2,671,501 36,369,270 26,412,852 10,463.976 5,329,623 112067,616 78,632,343 Cr431,322 96,214 8,421,400 10,683,886 2,175,341 5,058,778 32,105,153 43,710.363 -16.397 635,211 1,899,982 2,386,875 9.5,729 752.792 5,511,594 5,908,882 -447,757 -539,030 6,516,525' 8,291,241 2,063.255 4,276,552 26,577,201 37.772,047 -483,116 550,849 6,268,096 8,283,794 1,781,824 4,330,159 25,016,099 37,319,634 684 683 9,373 9,373 Buffalo & Susquehanna RR Corp EARNINGS. Chicago & Eastern Illinois -Month of December- -Jan. 1 to Dec. 311918. 1917. 1918. 1917. $ ' $ $ 8 1.646.251 1,208,688 20,811,732 15,876,935 406.666 327,859 4,030,670 3,446,855 2,225,996 1,682,330 26,753,092 21,012,172 466.757 73,715 3,559,040 2,102,756 933,858 495,294 8,745,842 5,350,614 14,719 24,671 269,567 331,856 1,028.264 759,906 10,801,204 8,057,509 2,501,275 1,401,898 24,085,560 16,398,368 -275,279 280,432 2,667,531 4,613,809 79,591 80,560 940,349 830,931 - 54,942 198,742 1,723,129 '3,778,211 --543,122 210,379 1,539,112-4,462,299 1,131 1,131 -Month of December--Jan. 1 to 1918. 1917. 1918. i $ 8 437,276 270,472 4,302,163 34,870 32,106 415,593 494,763 316,708 4,811,231 78,315 22,012 656,521 106,824 53,651 1,168,482 3,943 15,855 94,164 162,301 86,009 1,557.080 363,684 194,815 .3,625,561 115,892 1,185,670 A714 67,544 32,700 195,500 98,377 48,2i39 990,165. 144-,285 1,098,305 282 283 Chesapeake & Ohio Lines Chicago Junction -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1918. 1918. 1918. 1917. 1917. 1918. 1917. 8 $ $ i $ 5,257,483 3,515,881 55,720,372 42,998,222 1,412,991 850,996 13,629,892 7,899,451 339,178 7,089,616 4,740,943 -73,720,796 54,643,793 260,916 3,435,784 3,260,981 556,467 9,700,659 6,905,578 69,529 981,245 18,013 626,722 395,362 702,278 16,178,533 10,521,724 53,848 1,384,958 31,485 543,804 312,086 53,380 31,168 289 484,417 694,130 1,451 6,844 15,459 2,416,331 1,743,453 26,189,743 18,537,582 268,725 170,535 2,529.565 1,815,489 4,945,602 3,185,451 54,143,001 38.105.805 398,773 252,625 3.792,094 2,897,904 2,144,013 1,555,491 19,577,795 16,537,987 -59,594 8,290 -356,309 363,077 161,857 1,920,000 1,644.075 175,000 6,141 2.748 29,154 43,943 ,543 1,36L49' 17,654,994 14,890,415 -65,735 5,541 -385,464 • 318,954 1,731757'"1,93g 17,042,405 15,529./69 -4,251 54,185 133,515 • 783,676 155,513 25,000 360,000 795,255 2,478 2,484 12 12 -1,968 Chicago & Alton Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1917. 1918. 1917. 1918. $ $ $ $ $ 3,662,142 1,559,066 1,048,506 17,249,856 14,240,232 302,341 476,468 5,567,435 4.893,287 482,131 4,063,267 2,156,516 1,638,406 24.358,661 20,525,689 405,533 215,692 3,522,418 2,299,138 452,240 634,162 489;197 5,996,530 4,375,493 560,922 197,248 39,101 15,088 316,521 477,483 935,725 1,038,270 779,620 10,238,655 7.526.858 2,835,597 2,118.584 1,538.516 20,677,428 15,133,977 :=7,9:37" 1,729.669 . "77=='389 IT391 711 214,944 54,458 30,605 713,001 693.709 1,514,604 -16.645 68.767 *2,965.622 ..4,694,463 2.150,171 =173777 .7,113 076,74' 3,606, 34 5,235 13,693 1.052 1,050 Chicago Milwaukee & St Paul -Month of December--Jan. 1 to Dec. 311918. 1917. • 1918. 1917. $ $ 9.333.877 6,319,426 96,623,657 79.957,271 1.988,643 1,881.282 23,492.031 21,329,946 12,334,544 9,168,420 132894,454 113739,201 3,344,170 735,503 18,906,980 10,953,308 2.938,652 2,191,272 38,669,987 22,015.200 90,547 129,303 1,244.656 1,803,963 5,866.057 4,378,028 60,740,934 48,083,125 12,550,002 7,705,066 122196,104 65395.963 -2157417 • 1.483,35i 7, 67:17 8,543,231 514,639 412,317 6,185.935 5,980.782 -730,322 1 ,050 .. -.17167,M 2-27503-Z-52 -883.402-L177)T3.7,.. -M'3,643,11 20,684763 31.385 178,754 376.628 536,429 10,272 10,305 RAILWAY EARNINGS 6 Chicago Peoria & St Louis EARNINGS. Freight revenue Passenger revenue.. _ _ Tot., incl. other rev. Expenses-Maint.way Maint. of equipm't_ Traffic expenses Transportation exp ." _ Total, incl. other_ Net from railroad_ _ _ _ Taxes (less war taxes) Net after taxes.._ _ _ Net after rents War tares Aver. miles of r'd over. -Month of December--Jan. 1 to 1918. 1917. 1918. $ $ $ 142,949 1,763,211 124,754 25,620 265,161 24,876 175,839 2,147,466 159,282 79,008 425,156 36,576 75,718 784,931 42,984 44,301 6,002 3,510 97,740 1,197,681 132,590 304,729 189,654 2,541,163 --145,447 --13,814 --393,697 90,803 6,779 7,400 -152,847 -21,834 -484,500 2673-104 -529,254 -152,123 247 [VOL. 108. Colorado & Wyoming Denver & Rio Grande Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 311917. 1917. 1918. 1917. 1918. 1917. 1918. 1918. 1917. $ S $ $ $ $ $ $ $ 1,798,372 22,356 28,767 390,477 2,376,678 1,826,020 24,634,502 21,849,883 336,052 288,532 924 2,861 342,605 24,972 392,463 4,922,279 4,735,517 30,235 2,191,451 88,034 1,123,240 1,164,540 2,869,532 2,384,348 .31,356,213 28,023,137 , 90,737 275,804 8,747 12,011 508,039 124,283 310,128 4,635,700 3,563,296 108,383 3,891 485,845 7,71'3 180,833 536,946 8,040,802 5,185;373 753,085 160,644 71,781 133 142 14,175 1,451 2,010 43,828 244,344 484,130 47,625 963,143 33,818 496,703 947,040 11,260,009 9,252,440 391,032 1,086,499 1,868,197 64,349 59,007 712,488 2.955,559 1,954,138 25,293,475 19,728,429 854,790 26,381 323,254 29,027 268,450 452,052 43-(L214 -058.738 -8-T0-94,708 4,500 91,769 10,011 50,288 47,944 120,000 1,197,000 1,231,010 62,000 21,887 230,226 220,496 19,011 351,867 401,759 310,173 4.858,526 7,462,266 16,538 20,517 191,813 317,853 5,439,320 7,31)5,551 366,799 358,685 413 255 42 Chicago Rock Island & Gulf 42 Colorado & Southern System 2,651 2,567 Denver & Salt Lake -Month of December--Jan. 1 to Dec. 31Colorado & Southern -Month of December--Jan. 1 to Dec. 31-Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1918. $ $ $ 1917. $ 1917. 1918. 3 $ $ revenue Freight 254,428 288,009 3,073,785 2,792,772 1,160,000 750,724 10,114,942 8,278,758 39,002 104,784 1,676,857 1,647,391 Passenger revenue_ _ _ 79,761 134,149 91,244 1,072,938 • 851,303 169,775 2,019,672 1.913,524 15,582 20,480 302,326 343,979 Tot., incl. other rev. 398,193 4,420,008 3,899,172 1,376,711 1,004,755 12,955,826 10,966,664 354,541 61,859 130,338 2,055,509 2,065,216 Expenses-Maint.way 40,067 79,851 132,949 485,436 649,078 81,065 1,483,365 1,021,845 80,606 760,922 26,640 396,453 Maint. of equipm't_ 68,572 97,483 264,224 543,644 729,283 166,810 2,782,226 1,880,993 68,022 49,331 845,184 558,013 Traffic expenses.. _ _ 6,106 122,624 85,772 9,488 6,535 10,298 691 98,990 1,176 131,728 24,928 11,455 Transportation exp_ 142,730 1,712,774 1,280,541 163,565 430,232 356,812 4,328,240 3.372;308 73,888 70,808 1,222,468 1,006,184 Total,incl. other.. 360,105 271,472 3,328,097 2,557,013 874,989 656,666 9,376,990 6,797,304 226,500 151,588 2,889,558 2,041,508 Net from railroad_ _ _ _ 126,721 1,091,910 1,342,158 -5,564 501,721 348,089 3,578,836 4,169,360 --164,641 --31,249 --834,049 23,708 Taxes (loss war taxes) 33,006 5,928 47,000 147,030 187,170 18,481 9,000 564,000 15,358 554,468 108.000 106,108 Net after taxes.. -12,580 93,712 444,57 `---T29-;942,850 1,154,364 431 3,013,801 3,613,623 --173,645 36,6(Rt --942,062 -82,411 Net after rents --3,358 -0-473-24 968,721 1440,593 448,521 327,247 2,941,746 3,532,389 --173,309 36,721 --4031,458 --143,124 War taxes 4,000 26,858 112,981 48,000 19,768 Aver. miles of r'doper. 474 479 1,100 1,103 255 255 Fort Worth & Denver City Chicago Rock Island & Pacific Detroit & Mackinac -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31EARNINGS. 1917. 1918. 1918. 1917. 1918. 1917. 1918. 1917. 1917. 1918. 1917. 1918. $ $ $ $ $ $ $ $ $ $ $ $ Freight revenue 5,585,400 4,808,900 66,112,432 56,897,299 565,869 411,412 5,611,411 4,444,134 120.288 64,290 1,128,552 891,381 Passenger revenue.._ _ 2,287,586 2,224,977 26,818,293 22,449,782 177,522 208,775 1,987.610 1,743,810 31,357 32,953 325,346 346,441 Tot.. Incl. other rev. 8,423,884 7,505,716 99,869,556 85,709,549 800,143 159.841 654,809 7,950,341 6,546,863 113,139 1,557,633 1,350,456 Expenses-Maint.way 1,687,973 483,629 14,750,855 10,378,114 86,451 41,359 21,199 11,813 792,874 515,412 273,423 165,830 Maint. of equipm't. 2,536,361 1,269,369 24,782,394 16,341,938 120,382 38,304 106,470 1,741,318 1.127,332 26,450 437,373 290,691 _ Traffic 73,256 159,582 1,177,790 1,672,487 1,572 6,533 625 2,093 53,933 89,398 26,521 28,300 Transportation exp.. 4,111,422 3,346,572 42,643,829 52,604,089 expenses_297,820 265,534 3,144,589 2,015,834 - 38,870 50,545 687,756 537,754 Total,incl. other_ 8,653,167 5,485.971 86,098,574 63,489,090 440,659 6.036.622 4.032,634 530,775 141,245 95,053 1,488,457 1,071,039 Net from railroad_ _ _ _ -229,28 2,019,244 13,770,983 22,220,4gg 269,368 219,155 1,913,719 2,514,228 18,39g 18,085 68,571 279,411 Taxes (less war taxes) 351,878 4,302,862 3,899,613 457,614 2,196 24,245 231.886 10,341 254,913 8,218 99,785 99,298 Net after taxes._ --687,630 1,663,832 9,458,589 18,297,161 267,16g. 189,906 1,681,630 2.259,202 8,254 9.866 32,790 179,733 Net after rents -703,753 1,603,774 8,211,683 17,491,759 255,973 187,362 1,745,879 2,555,344 7,094 29,679 31,289 282,66 War taxes 6,360 19,010 78,141 208,342 Aver. miles of r'd oper. 7,823 7,728 454 454 381 384 EARNINGS. EARNINGS. Freight revenue Passenger revenue._ Tot., incl. other rev. Expenses-Maint.way Maint. of equipm't Traffic expenses_ _. Transportation exp.. Total,incl. other.. Net from railroad.._ _ _ Taxes (less war taxes) Net after taxes.. Net after rents War taxes Aver. miles of r'd oper. Trinity & Brazos Valley Chicago St Paul Minn & Omaha Detroit & Toledo Shore Line -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 311917. 1918. 1918. 1918. 1917. 1917. 1917. 1918. 1918. 1917. 1918. 1917. $ $ S $ $ $ $ $ $ 1,528,776 1,172,879 16,897,812 13,884,709 102,014 93,853 196,495 384,587 146,522 1,960,970 1,807,194 810,726 567,029 520,768 6,238,806 5,741,037 23,448 20,318 173,489 176,645 2,245,994 1,856,397 24,829,981 21,476,509 122,125 204,228 118,810 1,164,137 1,095,339 147,250 1,999,025 1,827,430 . 334,969 140,366 3,056,376 2,481,819 32,765 21,065 17,675 11,817 343,428 288,296 149,937 101,175 402,399 277,651 5,055,958 3,016,674 44,076 27,129 7,010 6,658 453,405 379,165 222,433 142,734 14,990 28,689 1,924 244,791 344,105 2,603 358 21,737 1,788 30,120 17,153 21,750 1,138,852 1,018,544 11,720,793 9,279,431 68,718 63,746 46,765 622,713 55,060 663,119 491,843 571,080 1,960,900 1,528,661 20,884,199 15,841,312 155,677 105,663 1,536,886 1,281,176 90,031 79,104 1,097,305 878,251 285,094 . 327,735 3,945,781 5,635,196 -7=33:651 13,147 --372,749 -185,837 114,197 68,146 901,719 949,17g 90,866 126,767 1,288,404 1,327,995 2,199 10,959 69,673 7,157. 6,366 71,979 129,037 84,620 193,500 199,559 2,651,912 4,298,538 -55,751 2,187 --442,515 --257,837 107,039 61,780 772,672 864,470 175,038 201,473 2,624,720 4,219,232 --34,913 92,579 12039' 26,931 387,752 --206,849 460,194 406,440 3,650 10,950 1,749 1,749 368 61 368 61 Chicago Terre Haute & Southeast Cripple Creek & Colorado Springs EARNINGS. Freight revenue Passenger revenue_ _ _ Tot.,incl. other rev. Expenses-Maint.way Maint. of equipm't_ Traffic expenses.._ _ Transportation exp.. Total,incl. other.. Net from railroad..__ Taxes (less war taxes) Net after taxes.... Net after rents War taxes Aver. miles of r'd oper. -Month of December--Jan. 1 to 1917. 1918. 1918. $ $' $ 355,537 334,287 4,644,201 23,595 22,469 255,467 386,493 364,391 5,000,956 85,357 37,899 661,511 149,634 80,438 1,713,859 6,127 4,782 46,452 152,197 139,565 1,813,200 404,446 273,248 4,373,049 --17,952 91,142 627,906 14,500 17,785 174,000 -32,45g 137320 453,807 -32,788' ---11 -737-840 766,168 2,000 12,219 24,000 374 374 Cincinnati Indianapolis & West EARNINGS. Freight revenue Passenger revenue_ _ _ Tot., incl. other rev. Expenses-Maint.way Maint. of equipm't_ Traffic expenses...... Transportation sip. Total,incl. other.. Net from railroad..__ _ Taxes (less war taxes) Net after taxes_ Net after rents War taxes Aver. miles of r'd oper. Delaware & Hudson -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311918. 1917. 1917. 1918. 1918. 1918. 1917. 1917. $ $ $ $ 191,613 129,570 2,319,509 1,822,874 2,278,828 1,864,334 30,104,926 25,347,363 46,301 219,572 2,804,056 3.036,063 183,881 53,965 531,510 572,127 268,712 204,262 3,137,152 2,639,537 2,601,704 2,220,555 34,789,864 29,989,399 71,542 381,841 24,664 107,108 3.737,523 2,521,969 328,990 512,005 84,900 50,997 867,731 935,906 724,640 9,536,063 6,662,231 473,057 4,903 16,247 6,759 254,672 28,709 72,845 84,943 325,898 123,063 104,085 1,494,352 1,139,395 1,335,001 1,178,033 16,556,075 12,746,188 296,128 195,873 3,151,063 2,127,458 2,722,071 2,140,060 31,353,784 23,449,952 -27,415 8,389 --13,911 80,494 3,436,079 6,539,446 512,078 -120,361 10,868 13,404 87,283 58,615 123,917 848,986 128,955 920,381 - 38,283 -5,014 --137,828 -7,053 2,585,425 5,615,587 383,122 -178,983 66,617 1,748 -165,412 40,519 2,446,556 5,550,375 407,313 -235,843 1,314 14,980 321 902 902 321 Cincinnati New On & Texas Pac Delaware Lackawanna & Western -Month of December- -Jan. 1 to Dec. 311918. 1917. 1918. 1917. $ $ $ $ Freight revenue 1,008,348 662,555 10,347,638 9,158,134 Passenger revenue_ 466,505 357,324 4,158,640 3,098,076 Tot., incl. other rev. 1,554,886 1,037,955 15,478,641 13,051,819 Expenses-Maint.way 108,267 7,167 1,394,508 892,929 Maint. of equipml. '529,553 278,096 4,662,349 2,995,286 Traffic expenses....9,611 28,023 254,714 342,344 Transportation exp.. 552,942 424,003 5,940,054 4,292,038 Total,incl. other_ 1,229,769 754,288 12,604,010 2,841,060 Net from railroad__ _ 325,11'7' 279,667' 2,874,601 4,210,758 Taxes (less war taxes) 80,519 248,946 500,019 70,772i Net after taxes.._ 244,154 10,719 "2,373,375 3,502,870 Net after rents 288,826 130,014 3,O47,946' 469,207 War taxes Ayes miles of r'd opor. I 337 337 EARNINGS. Detroit Toledo & Ironton Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1918. 1917. 1917. 1918. 1917. $ $ $ $ $ $ $ S $ 3,493,016 63,394 64,844 287,476 791,274 167,359 3,070,617 2,530,229 914,588 220,136 5,849 12,473 14,115 113,401 170,567 14,617 145,200 165,447 72,017 3,805,025 78,456 927,306 1,113,169 200,694 3,413,340 2,903,354 322,593 2,333 440,351 1,063 80,721 72,633 86,849 46,990 724,676 376,259 5,604 Cr7,420 . 115,539 937,156 109,454 89,982 63,863 1,010,432 505,819 833 55,134 0'594 ' 11,752 17,285 2,197 4,679 45,415 57,155 25,552 21,996 1,323,130 310,745 195,886 288,134 144,280 1,875,433 1,631,807 36,648 18,384 553,276 2,889,488 519,471 390,603 268,553 3,795,140 2,670,684 35,369 60,071 915,53-6 374,030 593,697 --68,009 --67,859 --381,800 232,669 '6,920 19,107 86,984 186,999 5,400 64,893 4,508 103,3p, 96,908 28,440 287.031 40,964 716,745 528,804 --73,409 -72,366 -485,270 . 134,570 25,976 39,999 1,313,843 269,011 491,749 -113,089 -93,131 --722,550 --45,718 48,857 116 116 457 ' 463 -Month of December--Jan. 1 to Dec. 311017. 1918. 1918. 1917. $ $ $ $ 4,379,726 2,942,125 50,297,399 41,767,706 813,113 11,204,813 9.789,838 1,019,425 6,009,222 4,286,564 68,740,076 57,211,224 333,581 5,552,541 4,514,994 721,606 800,163 13,337,602 8,979,439 1,299,064 664,087 82,819 46,665 948,948 2,610,665 2,159,437 28,613,367 21,712,091 4,831,818 3,622.722 49,925,684 37,676,488 763,341 18,814,391 19,534,735 1,177,004 704,391 2,941,212 3,254,917 359,946 54,708 15.853,905 16,270,064 817,955 794,401 39,052 16,011,656 16,430,950 30,000 64,039 768,474 330,000 955 955 Duluth & Iron Range -Month of December--Jan. 1 to 1918. 1917. 1918. $ $ $ 83,335 125,810 8,517,290 23,755 22,878 232,475 119,151 157,191 8,978,929 105,984 1,163,394 59,390 71,423 1,134,256 100,737 402 1,766 8,547 138,526 134,207 2,279,848 313,177 338,599 4,744,742 --194,026 -181,408 4,234,187 6,116 11,159 514,476 -200,311 --193,220 3,719,004 --199,660 --198,331 3,803,619 -26,346 292 284 Dec. 311917. $ 6,893,990 243,969 7,371,399 1,141,861 948,711 19,283 2,066,773 4,418,084 2,953,31 419,885 2,532,775 2,517,588 231,421 Duluth Missabo & Northern -Month of December- -Jan. 1 to Dec. 311918. ' 1917. 1918. 1917. $ $ $ $ 258,532 20,214,748 14,105,621 166,886 38,089 44,322 443,549 401,532 242,144 345,035 21,545,270 15,306,599 142,145 105,121 1,902,944 1,798,366 143,076 137,332 1,722,262 1,383,364 2,822 9,178 34,252 44,219 163,997 212,656 3,788,755 3,381,430 474,049 485,514 7,957 432140 655 -231,005 -140,479 13,517,838 17,151 19,397 _Lamm 887,590 -249,056 -159,876 12 248 737 2784_349 -222,978 -118,124 12,465,247 - 7,406,818 25,747 1,551,348 410 413 RAILWAY EARNINGS NEM, 1919.1 Duluth South .Shore. & Atlantic -Month of December--Jan. 1 to 1917. 1918. 1918. $ $ ' $ 207,938 3,506,933 231,014 ' eight revenue 84,835 95,834 1,012.274 assenger revenue..324,425 4,824,186 333,257 . Tot.. incl. other rev. 991,642 95,134 50,966 748,105 ofM egnigftY 71,110 50,420 xMlinr9,417 77,026 4,286 Traffic expenses 165,645 2,288,096 Transportation exp_ 185,212 293,804 4,263,020 368,532 Total,incl. other.. 30,621 561,165 --35,274 et from railroad_ 223,923 5,652 27,771 axes (loss war taxes) 2,849 337,209 taxes after -40,934 Net 4,142 263,948 at after rents at taxes 601 601 • ver. miles of r'd oper. EARNINGS. Duluth Winnipeg & Pacific -Month of December--Jan. 1 to 1918. 1917. 1918. $ $ $ 102,680 1,400,221 119,827 'reight revenue 28,291 266,469 23,593 assenger revenue..136,692 1,712,066 147,986 Tot., incl. other rev. 13,344 258,924 23,493 'xpenses-Maint.way 25,122 23,838 287,119 Maint. of equipml_ 1,781 33,633 2,483 Traffic expenses..._ 85.192 828,140 Transportation exp.. 72,169 137,253 1,485,392 127,815 Total,Incl. other_ 4.438 20,170 226,673' at from railroad_ _ _ _ 8,633 7,237 96,358 axes (less war taxes) 11,531 --2,798 . 130,307 Net after taxes__ 18,453 6,679 215,020 • et after rents -2,866 -35,554 or taxes 175 175 ver. miles of r'd oper. EARNINGS. Florida East ()cast Dec. 31- -Month of December--Jan. 1 to 1917. , 1918. 1917. 1918. $ 2,940,067 451,273 342,721 • 5,062,713 1,075,322 282,646 209,454 2,578,389 4,316,294 821,685 656,533 8,841,222 778,974 121,002 61,055 1,176,625 554,981 170,091 187,538 1,540,285 91,228 , 6,722 109,506 14,923 1,860,561 381,442 232,487 3,798,948 3,452,571 703,670 415,390 6,742,703 863,723 118,014 241,142 2,098,518 213,970 23,532 64,676 420,396 649,728 94,463 176,417 1,676,243 535,775 102,883 170,797 1,601,838 55,110 764 765 7 Grand Trunk Western Dec. 31- (Now includes Det Gr Hay & Milwaukee and Chicago Det & Can Gr Trunk Junction) 1917. -Month of December--Jan. 1 to Dec. 314,292,809 1,640,605 1,139,588 14,820,434 11,967,675 2,588,026 347,001 244,677 2,829,554 2,541.631 8,140.167 2,211,029 1,523,656 19,376,032 16,208,567 234,308 809,942 163,203 2,578,796 2,093,333 128,776 240,022 4,542,156 2,839,493 1.030,351 9,247 27,370 107,134 277,385 326,227 801,170 759,025 9,271,215 8,076,789 2,482.407 4,501 195 1,228,771 1,237.510 17 240,052 13 833,075 982,257 286,145 2,135,980 2,375,492 3,638,971 18.748 40,633 601,681 584,946 570,631 963,506 245,381. 1,530,187 1,787,523 3,067,737 69,183 979,029 188,791 -341,055 2,933.398 1,002 1,023 Fonda Johnstown & Gloversville Great Northern Fort Smith & Western Gulf & Ship Island Dec. 31- -Month of December- -Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. $ $ $ $ $ $ $ $ $ 1,685,639 29,608 22,432 285,541 7,718,127 4,834,522 76,937,445 64,300,666 354,233 289,777 64,584 71,8880 .1,764,762 1,297,788 15,672.419 15,836,341 61,565 714,898 2,026,108 99,156 90,039 1,123,137 1,064,318 9,848,200 6,884,842 100661,066 88,534,163 205,687 11,384 466,020 17,391,119 11,555,903 99,728 1,786,867 117,243 9,357 273,165 8,675 906,004 20,754,684 11,886,672 ,80,976 3,864,470 6,594 97,339 31,483 598 35,265 149,649 778,988 1,336,870 7,444 8,720 584 930,170 58,741 413,119 336,574 4,347,914 3,218,055 43,002,265 32,243,472 27,429 1,529,373 66,091 602,2171 10,240,534 4,937,903 84,389,569 59,247,785 51,267 696,888 496,735 33,065 462,1001 -392,334 1,946,939 16,271.497 29,290,377 38,772 426,248 112,344 3,222 5,205 55,522 51,236 780,629 5,626,103 6,297,188 46,905 384,387 29,842 33,567 • 370,725 415,194 -443,933 1,165,157. 10,639,228 22,987,545 383,696 26,616 31,586 321,182 377,043 -474,891 1,247,276 11,978,790 23,750,587 36 39 88 88 (See also on page 14) 8,257 8,255 East St Louis Connecting -Month of December--Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to 1917. 1917. 1918. 1917. 1918. 1918. 1918. 1917. 1918. 1917. 1918. $ $ $ 112,438 131,693 1,737,688 97,399 803,018 54,451 reight revenue 897,392 53,649 605,471 52,743 278,846 30,011 'assenger revenue._ 34,586 302,486 202,584 2,548,059 73,436 1,118,382 1,126,252 171,659 141;728 1,296,857 1,179,849 • 182,479 Tot., incl. other rev. 80,346 96,552 142,381 7,895 35,319 524,447 6,203 13,718 54,133 13,277 202,248 200,901 82,562 Cr179 247,562 455,780 37,637 45,556 13,430 29,400 23,916 341,131 271,192 2,761 3,502 228 4,734 44,985 180 3,620 Traffic expenses.. 3,479 2,876 37,286 36,467 653,388 69,999 874,684 80,991 Transportation exp. 95,756 91,760 888,676 46,113 49,493 466.656 369,335 870,680 81,372 1,315,529 103,370 Total,incl. other.. 201,821 187,287 2.033,132 99,436 95,519 1,120,474 941,700 -7,936 -197,147 255,41 -23,024 514,927 15,297 238,148 -19,341 22,222 et from railroad.. 46,209 176,382 26,268 21,604 2,000 1,948 171 136,088 21,924 48,180 axes (less war taxes) 2,815 5,430 53,815 -25,024 -9,885 -223,418 233,966 Net after taxes 19,089 -41,282 15,073 378,318 122,154 189,940 40,763 -42,084 28TIV -3-86:623 32,546 10,720 363,664 25,419 41,064 186,732 242,016 -38,178 et after rents 1,603 , 644 'or taxes 3 3 307 307 253 253 • ver. miles of r'd oper. EARNINGS. •KAIX,MiPIrgV Elgin Joliet & Eastern -Month of December--Jan. 1 to Dec. 311918. 1917. 1917. 1918. $ , $ $ $ 1,705,669 1,026,244 17,708,548 14,622,696 reight revenue 5 3 145 assenger revenue...... 127 Tot.,incl. other rev. 2,037,562 1,194,688 20,685,048 15,816,473 xpenses-MaInt.way 121,932 109,567 1,772.775 1,416,364 421,612 Maint. of equipm't 50,514 5,078,665 3,527,154 6,380 8,533 80,903 100,774 Traffic expenses_ Transportation exp.. 762,298 536,534 7,555,016 5,619,427 other.. 1,342 503 10,997,720 740,793 14,785,276 .Total, incl. 695,059 453,895 5,899,772 4,818,752 et from rallroad...._ _ 40,556 49,288 619,089 599,056 axes (less war taxes) 654,503 401,169 5,300,712 • 4,196,164 Net after taxes rents 643,432 241,397' 477-17,9T-3 2,433,632 et after "at taxes 809 803 ver, miles of r'd oper. Gulf Mobile & Northern EARNINGS. El Paso & Southwestern Dec. 311917. $ 1,714,243 462,593 2,328,741 338,290 338,416 40,820 720,152 1,552,310 776,431 129,118 646,994 678,337 111•0MIIIMILIMCCCIAMEMN .11.1=111•11•2611,31iNIMUll IIIMMIIIIMMISIN•01111111 ••••••••• ,M111•••••••.1.1.•=1••• 1•1111111111./1•111=xr• 11111:=2.1=Sell -Month of December--Jan. 1 to 1917. 1918. 1918. $ $ $ 127,260 1,867,949 159,927 426.398 48,365 40,605 180,207 2,418,292 219,352 431,541 29,930 53,096 557,448 37,627 62,711 56,227 6,086 6,050 63,664 999,167 109,416 150,029 2,156,110 241,953 262,181 30,179 -22,600 29,814 140,635 16,408 121,511 363 -39,017 191,159 -36,541 13,801 263 23,260 -2,271 402 407 Galveston Wharf Hocking Valley Georgia flhinois Central Dec. 311917. $ 1,862,429 338,234 2,322,649 311,491 399,371 51,815 717,339 1,589,401 733,24g 140,565 592,674 757,079 572 -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. 1917. 1918. 1918. 1918. 1917. 1917. 1918. 1917. $ $ $ $ $ $ $ $ $ 958,363 11,785,974 10,584,191 977,886 reight revenue 611,645 11,343,613 8,974,872 558,667 161,602 2,334,757 2,350,791 156,310 assenger revenue...._ 97,177 87,116 1,038,843 961,706 Tot., incl. other rev. 1,222,272 1,175,861 14,790,467 13,634,862 699,244 747,605 13,155,861 10,696,434 111,714 92,406 1,049,837 1,092,443 85,912 1,416,319 1,258,632 132,173 xpenses--Maint.way 89,379 1,490,446 124,259 945,590 6,064 142,698 109„636 11,325 149,402 2,471,400 1,633,177 220,877 Maint. of equipm't_ 216,310 3,718,009 2,365,944 296,291 16,477 1,260 18,892 1,761 21,008 165,628 9,521 249,781 Traffic expenses_.... 15,723 5,270 83,422 120,674 428 4,535 3,609 133 334,425 4,165,189 3,706,185 344,388 Transportation exp.. 356,185 4,912,856 3,716,383 348,799 306,645 20,491 . 351,943 28,912 720,441 634,938 8,629,019 7,299,958 Total,incl. other_ 705,381 10,448.792 7,409,122 795,113 38,284 .. 687,689 600,846 59,332 501,831 540,922 6,161,447 6,334,903 42,224 2,707,068 3,287,311 • at from railroad........ 362,148 54,121 491,597 -95,869 52,382 127,633 1,210,901 258,885 612,704 38.568 axes (less war taxes) 483,589 612,568 11,983 138,420 5,128 147,783 Cr85,635 413,287 4,950 259 5,721,977 242,945 -10,234 3,656 2,223,364 2,668,024 Net after taxes_...._ 47,254 42713 223,720 343,813 247,048 396,166 4,936,391 5,443,753 rents after 25,591 2,718,733 et 17.164 3,314,957 42,137 227,316 47,230 343,813 •'at taxes 349 220,179 • 1,300 1,216 13,000 1,028 1,027 349 ver. miles of r'd oper. 350 13 13 EARNINGS. Erie System Erie -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec.' 31-Month of December--Jan. 1 to Dec. 311017. 1917.' 1918. 1917. 1918. 1918. 1918. 1917. 1917. 1918. 1918. 1917. $ $ $ $ $ $• 6,224,504 3,880,937 67,683,701 53,764,724 eight revenue 326,546 4,196,619 2,858,362 6,334,742 5,021,210 79,271,487 63,126,728 376,183 841,596 11,689,242 9,879,483 assenger revenue...- 1,085,382 222,877 159,009 2,085,482 1,169,337 2,086,242 1,813,703 20,543,263 17,099,174 Tot.. incl. other rev. 8,176,460 5,309,242 87,855,460 70,982,218 537,133 6,716,502 4,366.637 9,130,043 7,398,783 107320,261 87,144,786 637,528 677,402 419,200 10,775,540 6,666,675 xpenses--Maint.way 614,431 16,301,104 11,289,315 39,211 349,070 1,631,885 61,078 513,568 703,773 28,462,304 17,600,714 Maint. of equipnft. 2,647,023 53,299 897,299 603,209 3,321,638 1,420,367 26,615,299 18,214,178 85,920 96,124 51,717. 845,098 1,158,556 Traffic expenses 67,918 137,623 855,542 1,332,010 16,555 90,093 171,326 8.303 4,843,084 3,572,825 exp. Transportation 45,030,329 33,357,263 225,187 2,689,287 1,699,732, 4,056,426 2,904,724 43,214,596 29.076,857 296,505 Total,Incl. other_ 8,322,979 5,978 396 §7,663_273 60,817,684 347,153 4,358,771 2,940,043' 9,366,754 5.322.406 90,184,410 62,339,834 465,753 --146,519 --669,153 191,687 10,164,534 et from railroad_ 189,979 2,357,730 1,426,593 -236,710 2,676,376 17,135,850 24,804,951 171,774 121,969 Cr162,806 2,331,677 2,377,818 axes (less war taxes) 346.921 566,656 5,036,609 4,785,500 8,647 75,062 5.950 73,953 -506,680 -269,955 taxes -2,147,226 7,767,754 Net after 181,123 ,2,282,49• 1,352,283 -584,368 1,508,914 12,085,072 20,007,080 165,295 -227,668 --421,600 rents 1,079,617 8,671,220 after at 2,907,465'22,911T524 175,151 163.545 2,246,569.'1,452,094 -680,079 1,814,356 17 628.387 365,979 992,190 1,400,864 or taxes ! 1,989 1,989 ver. miles of r'd oper. 4,782 4,765 328 328 i International & Great Chicago & Erie Grand Trunk Lines in New Eng., Northern -Month of December--Jan. 1 to Dec. 31Atlantic & St Lawrence RR , -Month of December--Jan. 1 to Dec. 311917. 1918. 1918. EARNINGS. 1917. 1917. -Month of December--Jan. 1 to Dec. 311918. 1918. 1917. ' 8 $ $• $ $ $ 1918. 1917. 1 1918. 1917. 590,662 9,116,202 7,496,444 902,330 eight revenue 757,275 798,941 8,859,714 8,582,334 1,245,868 470,757 49,457 119,753 953,506 • 587,875 . •.anger revenue..._ 377,821 3,597,255 3,158,011 291,577 173,587 26,166 I 700.083 11,039,823 8,794,149 Tot.,incl. other rev. 1,137,362 1,178,349 1,260,865 13,476,888 12,588,224 1,668,748 563,511 237,310 41,171 1.836.862 xpenses--Maint.way 829,628 132,979 2,103,699 1,438,225 274,236 400,088 95,096 167,859 109,621 1,938,442 1,156,620 Maint. of equipm't. 341,734 181,980 3,083,452 2,017,286 302,770 39,626 12,141 17,911 161,660 233,451 22,235 Traffic expenses.._ _ 9,323 159,153 271,488 12,036 2,190 565,523 442,797 5,509,710 4,213,164 Transportation oxp_ 534,843 454,553 5.858,605 4,596,543 920,755 274,972 630,993 9,741 122 6 659A3,§ Total,incl. other.. 1,011,842 1,202,831 833,797 11.643,003 8,649,994 1,796,613 453,689 69,090 1,298,700 2,134;710 125,510 --24,482 427,068 1,833,885 3,938,230 et from rallroad.... 109,821 -127,864 Cr13 328,517 60,000 :390,000 309,028 23,296 358,232 axes'(less war taxes) Cr29,150 113,164 38,164 154,660 69,085 970,137 1,8251662 1441,S42 -84,484 403,454 Net after taxes 3,577,367 -241 028 71,657 57,310 -162,024 -1,189,261 --836,453 -65.973' 367,094 1,372,280"303 et after rents -532,221 8,294 1,489 at taxes 269 269 ver. miles of r'd oper. 1,159 1,159 172 EARNINGS. 8 RAILWAY EARNINGS EARNINGS. Freight revenue Passenger revenue.. Tot.,Incl. other rev. Expenses-Maint.way Maint. of equipm't Traffic expenses Transportation exp_ Total,incl. other_ Net from railroad.. Taxes (less war taxes) Net after taxes.. Net after rents War taxes Aver. miles of r'd oper. Kansas(NV Mexico & Orient RR -Month of December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. $ $ $ $ 53,890 96,218 1,040,234 1,003,352 10,960 13.978 155,393 151,105 69,824 115,792 1,259,674 1,217,344 32,396 14,235 259,367 187,105 39,616 30,209 540,349 320,046 1,333 5,098 37,866 62,853 60,350 52,910 686,356 560,343 141,569 108,582 1,604,682 1,202.292 -71,745 7,209 -345,007 15,051 4,286 7,007 73,156 75,363 -76,031 Cr3,059 -418,165 -60,563 --65,645 --334,318 --37,039 272 272 [voL. 108. Lehigh. Valley Midland Valley -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. $ $ $ $ $ $ $ $ 4,844,685 3,051,911 53,921,165 44,271,690 237,518 180,858 2,642,574 2,188,64 512,024 453,646 6,234,935 4,894,989 75,586 64,498 725,267 616,19 5,894,043 3,862,838 65,586,769 53,358,445 323,539 257,002 3,504,779 2,977,12 807,939 38,144 7,818,030 5,353,466 69,457 28,370 567,708 581,77 , 1,716,846 1,051,253 17,004,250 9,999,609 56,457 398,961 54,652 594,383 46,302 104,920 654,981 1,013,394 1,437 2,932 35,891 25,828 2,863,851 2,366,096 30,523,763 24,141,699 136,853 105,429 1,298,175 921,34 5,541,788 3,603,705 57,346,025 41,826,165 280,807 201,311 2,622,791 2,040,79' 352,254 259,135 8,240,743 42,731 1,5:' = 55,691 882,488 886,32 98,061 113,813 1,874,237 1,953.954 6,179 24,285 84,777 97,33 253,932 145.790 6,364,382 9.575.995 36,500 31,069 797,469 788,3 i 380,727 149,576 6,683,313 • 9,688,471 30,382" ---03 ,0 - 4-4 750,888 "---765, :( -17,724 172,671 40 6 1,436 1,446 387 386 Kans City Mex & Or Ry of Texas EARNINQS. Freight revenue Passenger revenue Tot..incl. other rev. Expenses-Maint.way Maina. of equipm't_ Traffic expenses Transportation exp_ Total,incl. other_ Net from railroad Taxes (less war taxes) Net after taxes Net after rents War taxes ver. miles of r'd oper. -Month of December--Jan. 1 to 1918. 1917. 1918. $ $ $ 60,891 93,260 976,445 10,935 16,303 147,556 77,131 115,336 1,188,656 41,663 13,037 289,244 42,699 26,138 463,240 1,248 4,034 30,002 62,658 55,333 666,265 156,168 103,397 1,513,657 -79,03d 11,939 -325,000 9,031 4,831 64,031 -88,06g 7,107 -389,730 9,689 -361,530 a -88,951 Los Angeles & Salt Lake Mineral Range Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31 1917. 1918. 1918. 1917. 1918. 1917. 1917. 1918. 1917. $ $ $ $ $ $ $ $ s 1,052,530 884,770 91,280 747,113 9,847,716 8,232,866 81,344 1,085,325 1,115,891 191,199 291,865 295,371 3,617,523 3,475.246 1,537 2,752 26,339 35,42 1,308,778 1,269,544 1,132,859 14,517,377 12,766,723 95,793 87,395 1,143,534 1,184,84: 221,701 209,032 17,911 120,921 1,883,663 1,386,152 14,960 199,694 238,221 291,429 308,973 164,762 3,052,669 1,811,902 21,499 217,521 15,549 268,367 47,463 19,079 36,018 286 270,805 617 398,537 4,626 5,83 669,843 479,818 54,269 296,063 5,069,072 3,644,763 55,921 615,455 645,97: 1,287.689 1,080,353 660,412 10,871,887 7.721.225 95,057 88,416 1,101,261 1,122,50 21,089 180,19I 738 473,447 3,645,690 5,035,497 -1,022 42,272 62,3.7: 64.433 40,939 3,131 81,577 717.989 -6,111 714,519 40,000 40,38 -43,50 -2,394'7i3 147,97-4 391,862 2,926.058 4,320.484 2,272 • 21,951 --8,815 127,271 377,321' 1,963 -'27II ,T,0 -8,094 - -5 3,946,164 9,739 3,88 3,288 22,974 45,360 68,924 rim* 1,168 100 1,154 109 465 465 ..... Iliansas City Southern System Louisiana & Arkansas Minneapolis & St Louis Louisville & Nashville Mississippi Central Maine Central Missouri Kansas & Texas RR. -Month of December--Jan. 1 to Dec. 31 1918. 1917. 1918. 1917. $ $ $ $ 2,228,990 1,502,429 23,752,658 18,580.28, 621,450 630,694 7,367,083 5,647,031 3,036,614 2,334,701 33,230,334 25,990,721 569,428 249,347 5,465,859 3,295.312 743,217 618,985 8,666,045 6,280.756 49,189 31,882 324,070 425,137 1,132,011 878,758 11.641,737 7,937.238 2,600,370 1,847,926 27,146,341 18,755,295 48078 6;68.170-61 , 22,902 97,633 1,110,545 1,22+ ,208 in Kansas City Southern -Month of December- -Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31-Month of December--Jan. 1 to Dec. 311918. 1918. 1917. 1917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. $ $ $ $ $ $ $ $ Freight revenue 989,149" 768,381 11,858,056 9,544,757 816,641 96,560 91,270 1,216,629 1,214,523 796,180 9,326,192 8,332,44 Passenger revenue.. 241,959 207,854 2,241,542 1,843,390 198,122 43,923 46,060 178,323 2,049,093 1,952,18 382,345 293,282 Tot.,incl, other rev. 1,387,027 1,072,301 15,250,406 12,410,965 146,071 142,793 1,671,651 1,569,721 1,067,624 1,033,696 12,028,300 11,005,06 Expenses-Maint.way 275,835 90,530 1,846,143 1,173,189 160,203 49,622 Cr3,805 2,128,723 1,535,25, 25,833 373,696 281,681 Maint. of equipm't_ 396,328 172,091 3,014,974 1,839,807 271,695 27,089 ,21,715 127,648 2,989,574 1,270,511 309,652 260,689 Traffic expenses.. 6,564 22,562 211,531 305,456 7,952 3,110 4,294 18,383 37,510 150,890 215,07: 46,345 Transportation exp_ 615,803 403,241 6,035,899 3,932,382 586,932 70,521 438,421 5,792,794 4,575,86' 50,541 673.682 484,462 Total.incl. other._ 1,291,779 721,342 11,525,000 7.634,680 155,677 601,318 11.371,096 7,851,57. 107,246 1,460,451 1,123,395 1,051,738 Net from railroad.. 95,24g „, 350,959 3,725,405 4,776,284 -9,605 15,886 432,374 35,547 657,203 211,199 -717.117 ,15,48' Taxes (less war taxes) 67,326 35,659 694,447 592.911 74,869 23,932 7,303 47,982 143.605 648.298 113,839 542,80 Net after taxes._ 27.862 314.782 3,028.667 4.178,956 -33,604 28,244 383,940 67,W77 5:1-7V3 ,61 ,43 332,432 -59.08g Net after rents 12,397 303,541 2,782,976 4,11(1,005 -33,60t 47,078 36,09A' 411,481 ----7 7,636 235,781 366,832 2,588,49 War taxes L8,713 t L 50,000 104,567 150,000 . 133 3,707 2,948 Aver. miles ofr'd oper. 1074 755 302 1,646 302 1,646 Texarkana & Fort Smith Minn FA Paul & Sault Ste Mari, Louisiana Railway & Nay Co -Month of December-:-Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31 EARNINGS. 1918. 1917. 1918. 1917. 1918. 1918. 1917. 1917. 1918. 1918. 1917. 1917. $ $ $ $ $ $ $ $ Freight revenue 100,001 85,362 998,448 885,982 201,549 160,617 2,170,751 1,877,609 3,148,842 1,849,070 27,097,097 25,360,29 Passenger revenue 19,869 • 18,924 190,566 152,318 527,840 57,880 531,952 6,255,850 6,545,72' 78,980 730,693 478,978 Tot.,incl. other rev. 127,060 114,932 1,281,121 1,136,522 274,390 251,533 3,078,058 2,497,55-5 3,905,178 2,580,085 35,930,292 34,540,49 Expenses-Maint.way 1,064 4,348 141,593 94,196 325,308 46,747 288,558 5,255,934 3,776,55 26,531 500,253 314,445 Maint. of equipm't.. 12,462 5,121 156,638 58,732 634,900 48,329 349,812 7,292,081 4.736.33' 24,176 518,073 320,863 Traffic ex:Pauses Cr478 1,875 18,764 32,799 21,329 3,481 44,922 6,863 359,329 52,032 567,91 77,947 Transportation exp. 37,750 27,946 470,347 346.390 160,325 89,366 1,422.871 944,641 1,507,014 1,262,580 15,821,328 12,994,08; Total,incl. other.. 838,558 54,745 570.855 43,194 266,174 154,096 2.535,973 1.738,051 2,558,829 2,020,370 29,690,607 22,964,79 Net from railroad........ 72,31g 71,73 442,563 505,666 8,214 97,46 492,084 759,483 1,346,34g" 650,714 6,239,684 11,5 5,19Taxes (less war taxes) 2,939 "'"- 22,395 92,852 103.746 19:3,338 16.383 202,232 2,185,359 2,241,67 15,527 171,919 207,873 Net after taxes.. 349,703 ---1177M 69,378 49,287 357J3g ` 81,909 -8,169 319.919 74,-(F571,6-91 972. 1, 1' 551,105 1,152,972 -Net after rents 71,269 142,866 ,310,034 1,066,413 390,217 -23.804"78,862 390,054 3,858,722 1,21 198,746 518,513 1 War taxes ,1,240 14,889 Aver. miles of r'd oper. 81 81 4,243 356 4,227 342 EARNINGS. Kansas City Terminal -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31 1918. 1917. 1918. 1918. 1917. 1918. 1917. 1917. 1918. 1918. 1917. 1917. $ $ $ $ $ $ $ $ Freight revenue 6,620,429 4,530,453 71,479,723 55,678,079 34,126 64,114 744,597 654,541 Passenger revenue...._ 42,739 2,540,072 1,863,701 24,484,069 16,374,643 32,528 445,797 253,38 Tot.,ind.other rev. 108,877 95,873 1,247,829 1,131,294 9,644,401 6,866,585 101392,792 76,907,387 80,464 112,256 1,246,990 974,74' Expenses-Maint.way 22,335 8,536 174,945 23,637 14,052 786,398 13,126,522 9,289,233 112,680 1,605,378 184,085 120,33 Maint. of equipm't_ 16,441 35,100 22,126 284,406 176,063 2,020,072 1,341,393 23,341,987 14,852,774 23,182 -306,932 220,001 Traffic expenses 1,339 110,474 2,234 147,957 1,366,059 1,556,848 17,448 14,00, Transportation exp.. 56,081 "'47,486 635,029 48,706 453,562 3,899,850 2,480,562 39,623,246 25,615,285 34,074 399,515 260,53 Total.incl. other_ 116,935 74,749 1,113,030 769.804 7,836,222 4,893,120 79,556,971 52,998,758 98,235 76,761 967,195 666,451 7to Net from railroad_ ___ -8,058 ' 21,123 134,799 =717 -1,808,178 1,97,464'TE-878705 '23,908,6M -7=0 35,494 Taxes (less war taxes) 6,624 Cr45,470 212.474 2,973 265,916 3,322.221 3,190,993 236.898 507,286 7,990 44,512 58,04: Net after taxes____ -14.682" ---(ii;,5ifil -79.857 I 24.401 1,3.60,084.11-,70372-3'18,500,664 0?763--,-9;q5. -20,754 • 27,504 35,2-64 Net after rents 184,760 175,05/,..2,184,4241 2,235,365 -1,02009 1,893,34 '19,367,632 n,827,039 --17,38/ 36,48g303,52 85,1 War taxes -8.174 if 40,000 --702 160,760 480,000 1,928,524 9,225 , 1, , ' 0 Aver. miles of r'd oper. 24 [23! 4,996 164 5,074 164 its 7"Ftehigh/& Hudson Rivei-glfW Louisville Henderson & St Louis Missouri & /fcmrtli Arkansas -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31 EARNINGS. 1918. 1917. 1918. 1917. 1918. 1918. 1918. 1917. 1917. 1918. 1917. 1917. $ $ $ $ $ $ $ $ Fseight revenue 361,289 146,505 2,333,219 2,027,163 200,424 50,283 127,447 2,001,210 1,607,371 59,413 855,841 861.91' Parsenger revenue.. 4,132 4,375 45,620 49,344 51,375 33,566 42,091 55,564 730.903 442,478 506,429 455,64 Tot.,incl. other rev. 372,251 158,314 2,476,850 2,247,616 262,761 94,914 191,912 2,858,463 2,226,649 109,609 1,404,131 1,417,96' Expenses-Maint.way 31,287 21,360 334,563 230,541 57,346 54,510 62,290 422,567 17,781 242,701 402,589 314,959 Maint. of equipm't 45,248 32,065 446,069 349,754 40,694 20,672 37,317 414,043 17,401 303,225 278,613 231,44 , Traffic expenses 1,297 1,473 19,127 19,400 7,435 4,853 1,479 3,209 71,132 60,140 24,926 46,67i Transportation exp_ 65,559 1,085,436 110,280 95.384 805,950 71,422 75,441 1,029,018 46,482 755,385 621,891 541,30. Total. incl. other_ 194,323 127,660 1.953.118 1.467.806 208,785 159,782 2,004,819 1.452,320 178,502 90,386 1,420,776 1,122,301 Net from railroad,....... 17770-2-g =In =TM 779,810 32,634' 853,644 19,22 '774,324 --83763A 295,65. Taxes (less war taxes) 6,000 5,000 71,600. 65.400 15.000 15,372 5,750 72,647 6,282 91,672 67,973 67,76' Net after taxes.... 171,92/ 25,654'''1 = 52,112 7(4,407 38,924 17J6 " ---70 -:674 '. 682,003 -8074-01 7.-Y= 0.. Net after rents 164,929 i7 -7729' 357,549 -51`" = 26,. --Ca GM , 34 640,222 532,741 -117045 I-. - f War taxes 2,500 11,000 ,30.000 2,250 33,000 6,750 Aver. miles of r'd oper.' 1196 t196 199 ' 199 365 361 EARNINGS. Lehigh & New England EARNINGS. Freight revenue Passenger revenue Tot.,incl. other rev. Expanses-Maint.way Maint, of equipm't_ Traffic expenses Transportation exp_ Total,incl. other.. Net from rallroad.. Taxes (less war taxes) Net after taxes.. Net after rents War taxes Aver. miles of r'd oper. -Month of December--Jan. 1-ta Dec. 31- -Month of December--Jan. 1 to Dec. 311918. 1918. 1917. 1917. 1918. 1917. 1918. 1917. • $ $ $ $ $ $ $ $ 294,903 239,436 3,679,107 3,505,273 927,501 697,476 10,705,225 8,999,154 1,668 1,611 17,208 361.243 15,993 336,460 4,371,841 3,900,166 334,727 254,037 3,989,895 3,666,566 1,429,413 1,125,183 16,415,178 14,125,576 31,749 1,764 518,284 310,422 138,790 2,741,844 1,632,812 409,841 51,534 50,276 757,988 557,314 203,072 3,618,917 2,073,107 447,522 2,780 2,549 57,862 34,287 ' 9,216 15,116 136,515 151,575 105,907 • 104,262 1,347,514 1,154,184 918,462 602,774 9,087,909"i 6,416,923 203,322 168,630 2,784,120 2.263,645 1,725,558 999.762 16,029,745 10,675,876 131,404 85,404 1,205,774 1,402,921 -29-8,144 125,421 .---3T35,2 :7-3,, 49, 00 8,000 14,400 103,408113,498 70,443 70,865 803.928 • 726,905 ,004 1,102 -,-36-g `CM., 712-1 ===.1-6676T5 54,446 tl8.77T Th,1722,g76 12 .161 "1.-,T787658 1,368.0 -595,8941:2,729,313 18,773 6,485 116,618 117,455 224 297 1,216 1,216 40,10i-mum -70Z---A7 1,1 • ,1,: 383-,436 !,; • ! 5.21'S7ig 1,736 1,744 9 RAILWAY EARNINGS FED., 1919.] Missouri Kant; & Texas Ity of Tea New Orleans & North Eastern -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to 1917. 1918. 1917. 1917. 1918. 1918. 1918. EARNINGS. $ $ $ $ $ $ $ 343,875 4,292,392 949,979 11,319,047 9,808,257 357,833 1,165,443 Freight revenue 131,442 1,491,581 691,456 7,051,123 5,189,686 135,139 638,892 Passenger revenue.. 511,904 6,474,717 Tot.. incl. other rev. 1,925,129 1,774,820 19,240,330 16,300,155 . 572,053 716,836 35,922 193,440 3,697,490 2,806,034 60,461 336,838 Expensee-Maint.way 30,602 1,457,821 214,357 3,676,381 2,286,856 134,593 320,259 Maint. of equipm't_ 92,429 10,825 30,042 245,356 339,948 19,406 2,840 Traffic expenses_ -189,477 2,749,654 765,577 10,085,003 7,264,561 274,047 993,571 Transportation exp.. 5,192,415 285,034 13,410,410 485,477 Total,incl. other.. 1,763,745 1,266,572 18,693,165 226,870 1,282,302 156,383 66KTig 1,147,164 2,",, 5 86,576 Net from railroad_ 309,590 53,809 569,849 571,770 8,878 40,546 45,093 Taxes (less,war taxes) 173,00g' ----9/2,101 467,536 575,261 2,316,102 77,69/ 110,440 Net after taxes.._ _ _ -07 -5T4-304 618,730 g,7TS -800,004 177 74,538265,88 2,441 Net after rents 18,137 1,793 War taxes 203 1,796 203 1,796 Aver. miles of r'd oper. Dec. 311917. $ 3,537,502 980,752 4,969,264 483,991 858,591 123,492 1,691,654 3,339,504 1,629,759 329.198 1,299,331 1,432,110 87,795 New York Central Sys (Concl.) Cleve Cin Chic & St L (Inc Peoria & East) -Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. 4,296,335 2,665,894 49,934,632 36,077,389 1,432,662 1,188,654 15,759,127 12,009,346 6,310,415 4,244,428 71,403,970 52,650,920 742,395 113,795 7,298,040 4,378,438 1,294,489 756,759 13,894,336 9,808,417 63,344 882,576 1,042,725 75,990 2,681,680 2,054,254 28.729.454 21,459,558 4,932,705 3,126,177 51,895,288 38,059,421 1,377,709 1,118,251 19,508,681 14,591,499 241,103 215,252 3,538,917 2,144,867 . -1,13678/4 902,753 15,962,010 12,436,999 1,084,501 781,790 14,688,938 10,536,474 2,386 Indiana Harbor Belt -Month of December- -Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311918. 1917. 1917. 1918. 1917. 1918. 1918. 1917. 1917. 1917. 1918. 1918. EARNINGS. $ $ $ $ $ $ $ $ $ 1,450,966 1,480,439 1,634,462 103,654 1,403,705 122,284 92,661 95,834 Freight revenue 465,608 379,047 314,720 40,480 36,074 292,478 54,462 18,854 Passenger revenue_ _ _ 529,778 345,724 5,591,235 5,121,878 145,227 1,780,546 1,906,916 165,682 2,197,315 1,916,217 156,966 121,727 Tot.,incl. other rev. 69,216 1,216,443 623,843 153,920 251,006 204,466 32,836 410,483 25,160 334,425 30,210 39,902 Expenses-Maint.way 125,424 90,167 1,339,426 700,795 561,854 433,281 422,635 310,733 128,140 27,194 42,188 52,968 Maint. of equipm't_ 2,627 22,427 1,930 33,811 24,944 48,607 3,191 3,340 33,695 38,077 1,665 4,231 Traffic expenses_ _ _ 2,650,771 356.212 275,656 3,659,004 871,437 107,723 938,480 63,228 809,050 607.410 64,900 ' 111,550 Transportation exp_ 448,071 6,397.711 4,131,520 652.114 278,786 2,047,800 1,693.817 151,084 126,507 1,693,878 1,244,807 218,981 Total,incl. other_ 090,357 213,099 -62,01 --7 2 -6772-53' 671,416 -122,335 -102,34 -806,476 3-071-76 503,436 Net from railroad.._ _ _ -29,356 -1337.6U'122,123 99,991 7,329 11,588 102,486 55,173 86,953 4,527 Cr45,397 1,774 109,483 19,642 Taxes (less war taxes) 890,18r 156,946 -81T651 583.6311 -133,967"-109,787 -028,615 37,661. 393;587 Net after taxes_ _ _ _ -34,563 -88,28'-273,156 9,979 -88,466 470,167 689,167 -138,71 -227.852 --603,434 --551,646 -.38062 -98,837 '39,198' 409,220 Net after rents 109 116 6,217 450 War taxes 116 113 332 284 332 284 Aver. miles of r'd oper. Kanawha & Michigan N Orleans Texas & Mexico System Missouri Pacific -Month of December- -Jan. 1 to Dec. 31New Orleans Texas & Mexico -Month of December--Jan. 1 to Dec. 311917. 1918. 1918. 1917. 1917. 1917. 1918. -Month of December--Jan. 1 to Dec. 311918. EARNINGS. $ 1917. $ 1917. 1918. $ 1918. $ $ 300,715 245,054 4,552,913 3,055,084 53,612 150,644 1,355,288 1,178,189 5,877,973 4,544,350 63,486,624 Freight revenue 43,116 1,118,461 99,971 419,190 291.253 32,674 473,621 38,543 1,734,677 1,682,093 19,535,391 Passenger revenue.. 423,367 300,549 5,896,134 3,606,990 186,423 1,885,623 1,517,603 97,734 Tot.,Incl. other rev. 8,113,593 6,780,313 89,612,397 21,402 657,736 421,511 23,741 14,632,085 213,708 19,013 368,349 666,954 33,773 Expenses-Maint.way 1,726,995 130,089 75,857 1,509,671 895,700 407,991 227,458 22,202 44,077 Maint. of equIpml. 1,557,253 1,122,249 18,477,823 4,706 32,828 41.146 1,852 52,502 135.454 1,071,351 2,902 26,617 811 70,044 Traffic expenses_ 107,050 1,876,388 1,092,139 164.162 613,600 416,354 44,529 52,398 Transportation exp.. 3,586,527 2,632,489 36,522,013 331,873 217,754 4,207,119 2,543,126 73,231,737 985.047 4,733,085 93,200 1,497,139 138,338 Total, in other.. 7,165,094 82,794 1,689,015 1,063,864 91,49A 532,556 388,484 93,223 948,49g 2,047,224 16,380,659 -40,603 Net from railroad.._ _ _ 211,376 8,260 26,303 227,933 629,366 3,144,290 78,758 100,588 77,535 56,928 11,688 Taxes (less war taxes) 852,466 83,23 56,491 1,461,081 13,218,384 454,774 866,764 1,416,62/ 28775W --52,296 36,294 Net after taxes.... _ _ • 752,896 .---1 T-732, 14 11,764,562 82,212 75,825 1,651,579 1,507,9g5 41,80T 445,112 612,876 -33,673 Net after rents 55,213 69,008 7,221 27,000 2,250 War taxes 176 176 7,301 191 7,108 191 Aver. miles of r'd oper. Lake Erie &]Western Beaumont Sour Lake & Western Monongahela Connecting -Month of December- -Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1918. 1918. 1917. 1917. 1918. 1917. 1917. 1917. 1918. 1918. 1918. EARNINGS. $ $ $ $ 675,730 535,988 8,252,428 7,061,114 779,380 100,157 1,019,529 69,597 Freight revenue 59,217 57,268 626.335 665,349 345,146 200,749 24,773 13,834 Passenger revenue 773,020 622,987 9,343,904 8,122,895 300,665 2,473,763 2,010,969 117,901 1,411,973 1,034,522 228,302 Tot.,incl. other rev. 98,865 133,743 Cr83,642 1,275,217 362,064 810,583 340,306 159,685 29,940 12,110 217,639 38,894 21,980 Expenses--Maint.way 247,667 148,032 2,436,193 1,404,732 320,582 463,184 33,748 116,878 12,218 215,028 81,466 22,393 Maint. of equipm't_ 11,980 30.724 146,976 179,983 4,236 5,325 367 15,953 27,659 510 2,493 526 Traffic expenses 322,505 4,331,305 430,124 982,562 285,175 103,480 1,329,172 464,827 313,167 138,118 32,805 31,538 Transportation exp_ 845,742 439,984 8,440,012 5,871,532 664,054 172,291 2,207,321 1,721,316 265,892 63,714 962,635 80,232. Total,incl. other.. 182,501 903,892 -2,251,36g 289,653 266,441 128,573 370,467 -71172-,121 -37.590 455,338 54,181 Net from railroad...._ _ 18,633 30.322 27,326 60,552 340,065 397,052 38,898 13,424 8,772 27,760 32,901 8,510 Taxes (less war taxes)_ 10,901 259,331 122,905 562,339 '1,853,776 27,643 119,800 342,480 -100,686 45,676 42-27334' Net after taxes.._ _ _ -51,015 7,731 124,004 379,653 1,47570-6 139,07 ' 158,398 122,718 -86,862 157,602 -111,912 244,761 29,359 Net after rents -8,458 1,840 197 3,000 War taxes 250 900 900 5 t' 5 118 Aver. miles of r'd oper. 118 Michigan Central St Louis Brownsville & Mexico Nashville Chattanooga & St Louis -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Monthjof December- -Jan. 1 to Dec. 311917. 1917. 1918. 1918. 1917. 1918. 1917. 1917. 1918. 1918. 1918. 1917. EARNINGS. $ $ $ $ i $ $ 3 $ 3• $ 849,533 14,554,220 10,431,355 1,26,963 263,279 2,933,099 2,301,302 4,582,157 2,919,170 45,949,560 33,898,246 275,947 Freight revenue 403,654 5,978,978 3,558,399 540,254 104,534 1,191,951 1,249.805 1,379,696 1,241,512 15.901,584 12,859,299 105,330 Passenger revenue.._.. 392,607 4,448,927 3,918,190 6,568,886 4,727,394 68,520,087 52,879,434 407,423 Tot.,Ind.other rev. 1,893,377 1,353,892 21,757,402 15,194,755 643,778 Cr85,092 7,705,079 5,389,670 123,412 2,592,940 1,564,530 586,169 277,973 685,225 52,300 77,334 Expenses-Maint.way 252,162 4,774,565 2,884,289 928,906 806,970 12,382,137 8,026,083 479,368 322,398 43,375 818,809 73,583 Maint. of equipm't.. 431,917 54,254 657,683 50,634 82,668 738,990 865,238 126,623 23,339 11,251 65,801 1,431 Traffic expenses...... 594,022 9,281,724 5,873,946 936,910 105,260 1,304,595 1,098,132 2,665,945 2,039,122 28,214,018 22,211,260 125,319 Transportation exp_ 17,623,564 11,550,031 1,073,077 4,449,150 3,028,611 51,070,072 38,289,136 2,399,261 1,599,544 224,370 3,029,666 291,377 Total. Incl. other_ 280,814 4,133,838 3,644,723 293,833 Net from/railroad_ _ _ _ 168,236J''- 741.0-;Y6-6' 1,518,920 2,119,736 1,698,783 17,450,014 14,590,297 116,046 399,729 108,990 121,979 661,979 54,795 1,899,790, 1,762,795 33,055 170,060 123,963 650,060 Taxes (less war taxes) 14,574 ,'152,570 Th 2,979,697 158,600 260,650 103,16S , 94,235 1,347,751 2,009,730 1,643,398 15,542,761 12,814,096 Net after taxes.._ _ _ 101,4311 4,119,127 217,181 1,900.819 1,433,5V 3,963,278 13,606.479' 8,886,386 274,023 Net after rents 77,119 1T2117344 1,298,097 96,814 79,992 12,000 53,441 1,861 209,441 6,666 36,666 War taxes 3,055 1,236 1,861 1.861 1,248 Aver. miles of r'd oper. 548 548 Pittsburgh & Lake Erie Nevada Northern New York Central System -Month of December- -Jan. 1 to Dec. 31-Month of December--Jan. 1 to Dec. 31New York Central RE 1918. 1917. 1917. 1918. 1917. 1918. 1917. 1918. -Month of December- -Jan. 1 to Dec. 31EARNINGS. $ 1917. 1917. 1918. 1918. 213,676 2,458,519 2,264,821 2,316.003 1,574,313 28,513,512 21,139,925 200,040 148192,842 Freight revenue 17,701,567 11,118,244190113,757 181,473 18,699 186,588 6.239,423 5,055,023 68,380,429 57,432.037 212,911 207,636 2,287,179 2,a49,133 12,496 Passenger revenue.._.. 235,841 2,706.331 2,512.402 27,382,878 19,088,856294691,313 238829,799 2,762,004 1,940,317 32,992,272 25,621,654 218,304 Tot.,incl. other rev. 284,133 18,621 247,070 3,471,941Cr1,423,635 34,094,030 22,727,101 344,807 215,711 4,374.227 2,893,048 22,630 Expenses-Maint.way 31,428 329,305 265,822 5,628,392 2,301.792 61,695,183 41,182.622 872,195 399,068 7,038,496 4,795,678 28,152 Maint. of equipm't_ '10,743 856 9,917 19,594 17,009 187.253 194,454 1,387 242,177 2,843,631 3,168,967 Traffic expenses 285,517 475,321 11,640,522 8,759.467123108,567 94,632,907 1,004,978 51,243 649,171 875,318 10,217,617 8.254.963 52,832 Transportation exp_ 108,228 1,343,756 1,067,865 22,030,489 10,650,307 232403.704 170542,128 2,287,217 1,560,086 22,365,184 16,652,502 111,460 Total,Ind. other.. 127,613.. 17362761-6' 1,444,537 '53389 8,438,64 t27237760 68,287,671 474,787 380,231 10,627,088 8,969,151 1 (6370" Net from railroad__ _ 7,880 206,442 884.277 1,334,963 122,649 71,377 34,563 18,326 934,161 11,964,360 11,611,144 257,610 Taxes (less war taxes) 119,732 1,155,522 1,321,887 -5,094,300 1-7 345,642 '9,742,766' 7,634.10 403,374 88,517 2007659 t6,652,082 Net after taxes.._ - _ ,305,-871 6ff,115,703 1,106,659 1,784,431 4,840,681 7,396,577' 48,291T371 64,451,3-36 331,216 9,839,554 7,435,472 388,620 83,t. Net after rents 1,025 7,029 1,025 484,800 831 512,364 333,888 161,118 War taxes 64,118 165 224 224 168 Aver. miles of rd oper. 6,082 6,079 Toledo & Ohio Central Cincinnati Northern Newburgh & South Shore -Month of December--Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1917. 1918. 1918. 1917. 1917. 1918. 1918. 1917. 1917. 1918. EARNINGS. 1918. $ $ $ 864,224 465,762 8,696,366 6,868,765 Freight revenue 155,053 2,519,069 2.180,593 244,269 451 746 73.941 67,291 740,252 691.118 5.280 181.593 189,321 15,886 Passenger revenue 16,860 228,448 1,453,756 1,143,320 975,780 583,557 10,026,557 8,088,541 134,837 Tot.,incl. other rev. 176,989 2,812,979 2,440.829 266,795 14,376 199,633 89,021 1,550,451 103,201 29.698 120,724 1,035,569 322,606 Expenses-Maint.way 478,904 35,589 Cr10,061 22,339 250,240 239,948 125,446 2,495,011 1,468,679 243,521 8,186 428,765 37,342 768,544 Maint. of equipm't_ 70,082 6,424 79,055 99,451 3,636 42,449 35,777 2,853 Traffic expenses...... 2,192 46,828 325,898 4,567,578 3,356.445 657,939 398,192 60,688 592,962 938,924 76,749 1,056,763 Transportation exp. 109,545 94,552 561,215 8,914,123 6,114,504 1.767,202 102,004 1,144,075 762,193 1,032.391 110,171 7,342,937 223,053 Total,Incl. other.. 22,341 1,112,434 1,974,236 309,681 213,586 32,83 "---M7r3 5 673,621 110,928 470,041 ""' 66,811 Net from railroad........ 371,826 15,179 98,307 24,321. 360,110, 33,738 94.648 20,507 69,970 129,870 12,387 9,439 Taxes (less war taxes) 752,295 1,602,323 -1,983 07316 --TI-8771. 5 211,373 179,847 40,958 54,404 "". 340,076 -778,3: Net after taxes........ -15,584 738,469 1.534.243 103,704 15,626' ----1,671 158,170 390,6811 255,071 40,86 Netafter rents 3,448 14,775 War taxes 435 7 435 245 Aver. miles of r'd oper. 251 Missouri Oklahoma & Gulf OWN. New Orleans Great Northern 2,395 10 RAILWAY EARNINGS New Itaric Chicago & St I:Ands [VOL. 108. Northern Pacific System Pennsylvania Sys (Concluded) -Month of December--Jan. 1 to Dec. 31Northern Pacific Monongahela ' 1918. 1917. , 1918. 1917. -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31$ $ $ $ 1918. 1917. 1918. 1917. 1918. 1917. 1918. Freight revenue 1917. 2,332,655 1,131,701 20,123,796 14,731,020 8,089,254 5,298,038 78,534,343 \ 260,680 143,005 2,869,964 1,920,133 Passenger revenue.._ _ 110,392 97,573 1,831,290 1,408,248 1,333,780 1,360,912 17,146.143 65.258,994 15,646,778 24,316 20,948 241,825 182,024 Tot.,incl. other rev. 2,505,361 1,293,790 22,656,381 16,901,205 10,066,391 7,368,749 102908,259 88,225,726 292,821 171,277 3,208,757 2,152,835 Expenses-Maint.way 279,177 62,304 2,615,657 1,379,714 1,086,174 179,300 14,226,882 10,782,178 88,820 19,175 Maint. of equipm't_ 740,998 425,726 413,240 266,533 4,172,819 2,707,764 1,873,612 1,566,019 16,716,958 11,245,120 31,211 42,866 Traffic expenses_ _ _ 338,242 228,335 15,651 42,648 368,547 560,844 56,920 107,170 779,682 1,233,123 616 1,677 Transportation exp_ 13,007 11,773 989,136 716,650 9,374,020 8,153,811 3,738,619 2,802,562 37,501,967 28,531,412 129,116 65,522 1,114,265 642,774 Total,Incl. other_ 1,746,973 1,131,785 17,489,757 13,281,308 6,969,625 4,847,345 71,516,302 53,297.861 251,954 133,894 2,271,115 1,359,086 Net from railroad_ _ _ _ 758,387 162,005 5,166,624 3,619,896 -3,096,76g 2,521,404 31,391,957 34,927,865 36,866 37,383 937,641 Taxes (less war taxes) 793,740 127,530 37,911 647,530 607,911 347,089 676,093 6,499,718 6.022.302 13,475 11,371 62,991 37,628 Net after taxes_ .._ _ 630,856 124,093 4,518,937 3,011,758 2,749,354 1,844,991 24,886,628 78896,424 23,39() 48,754 874,643 755,920 Net after rents 583,798 38,423 3,834,511 2,117,959 2,836,235 2,075,530 28,209,373 31,379,565 23,261 -15,671 648,042 War taxes 371,431 768,205 138,425 1,961,360 Aver miles of r'd oper. 572 571 (See also on page 14) 6,561 6,534 108 108 New York New Haven & Hartford Minnesota & International New York Philadelphia & Norfolk -Month of December- -Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 31EARNINGS. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. $ Freight revenue $ $ 3 4.016,703 2,895,087 40,395,998 32,431 47,479 650,255 578,143 700,842 282,360 5,748,928 4,262,396 Passenger , revenue.._ _ 3,567,047 3,095,087 50,721,287 39,379,916 34,427,801 25,006 24,1,69 282,676 133,554 261,688 101,606 1,278,998 803,985 Tot., incl. other rev. 8,608,151 6,961,617 102294,211 85,784,892 68,697 76,829 992,093 1,029,959 765,177 Expenses-Maint.way 1,088,577 432,943 7,632,494 5,544,624 827,048 13,525,533 9,019,344 11,869 4,750 203,885 96,914 145,068 47,343 Maint. of equipm't_ 2,103,302 1,172,434 20,913,412 714,914 490,627 12,191,351 18,725 12,769 203,788 184,874 144.401 118,558 1,774,649 1,063,463 Traffic expenses_ _ _ 42,344 47,597 475,231 522,287 842 360 5,758 8,818 6,148 5,820 Transportation exp_ 5,142,646 3,355,859 48,020,080 36,380,373 115,510 62,655 40,669 39,132 509,407 286,519 400,763 230,048 3,361,923 2,304,366 Total,incl. other.. 8,857,977 5,780,025 87,746,523 61,970,059 75,941 61,302 962,898 610,284 733,997 423,513 6,283,432 . 4,132,288 Net from railroad.._ _ _ -249,826 1,181,591 14,547,688 23,814,838 -7,244 15,527 154,892 29,195 295,961 9,430 1,349,061 1,412,336 Taxes (less war taxes) 197,375 306,980 3,216,375 3,336,980 3,205 3,907 53,507 75,637 56,133 14,094 256,024 169.130 Net after taxes_ _ _ _ -448,952 874,431 ,j315,322 20,471,857 -10,478 11,618 -24,392' 79,25d 239,791 -4,663 1,092,942 '1,242,714 Net after rents -774,605 547,079 7,534,334 15,351,474 -10,582 8,287 -57,885 76,028---20,03 160,728 972,603 1,110 War taxes - ,170 10,728 4,828 9,902 105,605 Aver. miles of r'd oper. 118,835 1,992 1,996 195 195 121 , 121 New York Ontario & Western Pennsylvania Sys-Eastern Lines West Jersey & Seashore -Month of December- -Jan. 1 to Dec. 31-Month of December--Jan. 1 to Dec. 31Pennsylvania Railroad EARNINGS. 1918. 1917. 1918. 1917. -Month of December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. $ $ $ $ 1918. 1917. 1918. 1917. $ $ Freight revenue $ 1 575,231 485,498 7,140,143 5,976,308 23,567,970 13,412,002 239484,058 194455,316 337,800 198,484 Passenger revenue.._ _ 3,437,048 2,730,912 107,894 103,495 2,169.483 1,741,046 8,123,091 6,627,699 95,325,077 67,387,664 380,608 271,295 6,465,047 5,116,017 Tot., incl. other rev. 823,999 688,247 10,895,005 9,164,878 34,246,327 22,480,944 367414,694 290234,093 791,111 Expenses-Maint.way 546,577 10,599,543 8,555,047 169,050 71,677 1,557,482 1.013,042 6,684,976 1,661,349 51,683,997 33,508,588 397,479 122,508 2,511,140 1,496,110 aint. of equipm't_ 314,486 87,600 2,763,995 1,524,323 9,511,212 5,710,104 99,145,128 58,790,209 148,578 121,955 1,920,825 1,315,978 Traffic expenses 5,953 10,143 102,125 216,073 113,189 320,357 2,922,867 3,237,437 6,548 12,475 Transportation exp_ 91,904 136,986 492,391 350,284 5,300,294 3,729,855 16,196,441 10,908,363 166437,062 118816,256 521,779 323,012 5,284,563 3,786,946 Total,incl. other_ 1,002,704 542,421 9,974,523 6,620,579 33,891,377 19,638,464 333624,523 225649,256 1,101,241 602,966 10,105,859 7,002,130 Net from railroad _ -178,705 145,826 920,481 2,544,299 353,951) 2,842,479 33,790,171 64,584,836 -310,129 --56,389 Taxes (less war taxes) 493,683 1,552,917 24,276 35,278 297,124 316,178 979,302 830,565 10,611,131 9,946,977 32,428.40,458 483,374 485,499 Net after taxes...... _ -202,982 110,547 621,907 2,227,676 -629,155 2,011,849 23,149,177 54,596,01-0 --342,564 --96,875 7,150 1,067,120 Net after rents -204,953 120,413 548,582 2,262,250 -816,519 1,442,604 17,929,568 49,561,325 -354,245 -114,268 -168,966 ' 862,798 War taxes 2,072,782 176,657 3,211,584 1,978,872 42,644 2,193 Aver. miles of r'd over. 67,537 26,318 567 568 (See also on page 14) 5,403 5,336 359 359 New York Susquehanna & West Baltimore Chesapeake & Atlantic Pennsylvania Sys-Western Lines -Month of December- -Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31Pennsylvania Company EARNINGS. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. -Month of December--Jan. 1 to Dec. 31$ $ $ 1918. 1917. 1918. Freight revenue 1917. 218,228 172,326 3,310,482 2,525,629 86,103 43,685 903,772 800,017 6,649,154 3,845,433 70,628,884 56,199,622 Passenger revenue_ _ _ 60,112 53,720 624,062 597,840 46,409 32,776 478,405 414,305 1,571,202 1,242,638 15,931,994 13,792,898 Tot., incl. other rev. 337,628 •242,337 4,353,419 3,478,992 135,133 80,999' 1,436,439 1,281,364 8,954,611 5,749,152 95.530,322 78,595,298 Expenses-Maint.way 9,487 12,865 414,709 15,426 313,720 8,537 132,551 84,581 1,689,217 1,112,681 14,989,936 9,960,415 Maint. of equipm't_ 83,841 51,666 727,073 423,361 61,394 46,637 407,107 329,033 2,435,298 1,355,648 25,170,159 14,751,751 Traffic expenses...... 1,728 2,499 24,519 27,140 985 1,144 13,862 70,167 16,157 90,921 Transportation exp_ 959,991 1,099,815 252,854 190,391 2,537,991 1,917,443 78,059 57,300 878,009 711,107 4,217,794 3,034,864 42,732,560 34,474.709 Total.incl. other.. 354,762 264,122 3,794,069 2,749,866 160,224 117,201 1,428,934 1,173,326 8,707,064 5.819,188 86,550,256 62,747,899 Net from railroad_ _ -17,133 -21,785 559,350 729,127 -25,090 -36,201 7,505 247,547 -70,035 8,980,065 15,847,398 105,037 Taxes (less war taxes).. 9,944 21,363 175,344 172,001 4,800 1,329 37,927 269,864 28,199 300,002 3,480,625 3,600 024 Net after taxes..__ _ -27,095 -43,149 383,885 556,500 -29,891 -37,531 -30,422 79,837 -22,321 -7 -370,072 5,498,851 12,242,316 Net after rents -16,781 -39,580 419,033 574,738 -27,63 6,669 -21,322 77,415 -53,934 -319,369 4,204,827 10,710,556 War taxes 30,158 29,506 Aver. miles of r'd oper. 352,522 354,078 135 133 87 87 1,754 1,754 Norfolk & Western Cumberland Valley Grand Rapids & Indiana -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31-- -Month of December--Jan. 1 to Dec. 31EARNINGS. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1918. 1917. 1917. 1918. 1917. $ $ $ 3 Freight revenue 5,575,014 4,313,068 68,752,260 56,381,035 493,214 286,091 4,801,724 3,895,422 369,973 311f,489 Passenger revenue..- _ 1,016,581 4,805,660 4,198,382 773,939 10,737,599 7,023,153 81,464 67,551 749,151 140,186 717,532 143,629 1,798,798 1.711,195 Tot.,incl. other rev. 6,828,688 5,354,764 82,004,034 65,910,242 596,027 378,752 5,917,543 4,838,904 558,607 504,377 7,207,726 6,491,358 Expenses-Maint.way 849,780 463,103 9,524,728 6,176,369 72,053 Cr35,521 567,875 73,205 Cr29,137 313,088 Maint. of equipm't_ 1,758,856 937,963 676,378 929,038 21,272,931 12,051,912 102,978 46,674 900,600 459,529 156,984 .102,788 1,790,489 1,170,186 Traffic expenses_ _ _ 40,332 71,442 536,709 809,723 7,374 4,547 65,135 54,959 10,078 10,894 Transportation exp_ 2,518,142 1,995,811 28,739,290 118,804 123,834 20,808,290 202,458 148,342 2,029,130 1,580.051 349,669 215,716 3,763,025 2,896,922 Total, incl. other.. 5,298,011 3,599,958 61,579,297 41,161,503 399,722 180,901 3,710,505 .2,541,842 612,905 317,631 6,474,944 5,116.260 Net from railroad_ 1,530,677 1,754,806 20,424,736 24,748,738 106,30d 197,851 2,207,037 2,297,061 -54,297 186,745 Taxes (less war taxes) 732,782 1,375,098 200,000 247,630 2,904,000 2,960,560 15,663 13,251 116,521 159.029 12.127 14,494 273,273 264,986 Net after taxes 1,330,42/ 1,506,875 17,510,838 21,786 256 180,639 184,575 2,089,872 2,138,009 -66,424 171,722 458,670 1,109,008 Net after rents 1,331,368 1,646,347 18,256,481 24,062,444 179,542 158,109 1,816,859 1,898,291 -81,195 152,722 War taxes 247,580 926,110 143,000 177,870 1,716,000 2;134,440 -14,745 -5,778 Aver. miles of r'd oper. 2,088 8,277 2.087 2,086 163 163 569 574 EARNINGS. s $ s $ $ Norfolk Southern Long Island Pittsburgh Cincinnati Chicago & St Louis Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1918. 1917. 1917. 1918. 1917. $ $ 3 $ $ 3,709,597 529,738 355,178 5,713,724 4,623,578 4,752,678 3,775,119 59,316,445 51,423,798 1,260,772 946,392 834,447 14,246,015 10.652,091 1,907,376 1,404,425 19,024,168 14,053,620 5,299,913 1,660,530 1,326,522 22,213,444 17,286,178 7,336,471 5,840,224 87,224,887 73,507,627 636,726 432,556 54,953 2,894,842 1,757,343 1,249,966 731,634 11,111,714 8,160,800 773,842 335,143 318,490 3,173,825 2,101,484 2,357,190 1,389,850 25,483,309 14,900.162 97,496 12,587 12,283 134,772 43,427 149,798 88,340 1,053,740 1,270,563 1,934,531 1,618,543 784,394 9,845.751 7,412,158 3,874,381 2,754,990 38,777,075 29,708,707 3,680,368 1,863,972 1,227,584 16,717,483 11,960,534 7,684,311 5,169,566 79,131,535 56,361,948 1,619,545 --203,441 98,938 5,495,960 5,325,643 ---347,830 670,658 8,093,352 17,145,679 195,120 81,280 74,964 1,069,859 938,676 259,893 239,580 ,2,879,068 2,874,967 1,423,466 -284,770 23,970 4,422.787 4,385,424 -607,892 431,004 5,211,210 14,269,114 1,321,80 --337,091 -57,556 3,884,966 3,503,380 -766,531 159,871 2,973,776 11,588,084 308 4,256 24,982 41,046 24,881 26,847 295,882 372,170 398 398 2,387 2.398 Northwestern Pacific Maryland Delaware & Virginia Toledo Peoria & Western -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. I to Dec. 31- -Month of December- -Jan. 1 to Dec. 311918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. S $ $ $ . S $ $ , 243,260 216,134 3,033,299 2,375,184 73,983 44,153 685,693 626,000 107,905 66,440 1,075,145 768,110 149,130 150,264 2,110,871 1,963,325 40,524 28,406 386,293 343,656 48,318 34,679 463,531 423,085 434,304 406,215 5,702,397 4,871,594 117,702 76,228 1,101,323 1,011,519 164,582 107,481 1,645,592 1,289,432 141,882 59,661 881,547 672,012 11,262 6,627 96,854 71,614 26,320 14,305 299,397 215,526 56,910 47,388 682,551 557,485 48,060 45,750 291,894 45,380 227,761 40,169 478,232 361,745 4,690 4,945 58,706 64,075 795 1,203 11,635 12,353 2,287 1,984 30,162 28,261 221,348 150,417 2,201,299 1,686,100 72,076 52,380 719,087 80,741 607,083 49,013 790,368 522,514 440,237 272,797 3,973,767 3,113,695 134,783 108,152 1,141,760 939,338 109,688 1 668,113 1,184 774 --5T0-33 133,418 1,728,629 177-6-7,34-0 -17,081 -31,924 -40,437 72,180 4,476 --2,206 --22,520 104,68 21,959 21,538 263,476 238,663 2,318 431 19,796 12,814 17,733 22,001 ...118M% 107,003 -27,89:3 111,876 1,465,119 1-X170-,-00 -19,400 -32,355 -60.234 59,353 -13.257 -24.208 -141,508 -2.344 -26,473 -112,558 1,498,008 1,537,428 -22,359 -33,418 -78,625 48,96i -11,215 -7,027 -10,95 833 2,714 10,000 7,603 507 507 82 82 247 247111(8ee also on page 14) -Month of December--Jan. 1 to 1918. 1917. 1918. $ $ Freight revenue 366,842 256,396 3,877,124 Passenger revenue...... 161,937 133,625 1,521,377 Tot.,incl. other rev. 566,696 416,262 5,753,643 Expenses-Maint.way 103,342 37,111 1,067,871 Maint. of equipm't_ 229,122 60,598 1,313,195 Traffic expenses 5,601 8,154 81,278 Transportation exp_ 236,618 176,546 2,569,551 Total, incl. other.. 594,050 301,824 5,273,561 Net from railroad........ -27,352 114,437 480,082 Taxes (less war taxes) 20,000 15,000 -193,941 Net after taxes_ _ _ -47,353 99,327 285,949 Net after rents -41,500 94,610 289,942 War taxes Aver. miles of r'd oper. 907 907 EARNINGS. EARNINGS. Freight revenue Passenger revenue Tot., incl. other rev. Expenses-Maint.way Maint. of equipm't_ Traffic expenses...._ Transportation exp.. Total, incl. other.. Net from rallroad.._ _ Taxes (less war taxes) Net after _ Net after rents War taxes Aver. miles of r'd oper. $ $ $ s $ 160,106, 11 RAILWAY EARNINGS 1919.] Peoria & Pekin Union Quincy Omaha & Kansas City St Louis Southwestern System St Louis Southwestern -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31-Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. EARNINGS. 1917. 1918. 1917. 1918. $ $ $ s $ $ $ $ 801,570 10,030,629 8,964,416 565,861 1,067,334 50,631 743,913 69,591 173,719 283,587 15,830 35,412 Freight revenue 210,492 2,449,685 1,956,824 207,305 231,400 20,894 22,806 243,288 68,205 73,451 5,809 6.734 Passenger revenue.. 871,889 1,318,751 1,062,340 13,035,152 11,468,727 78,690 1,057,825 98,596 94,244 1,306,394 1,206,718 122,602 Tot.,Incl. other rev. 66,990 1,699,967 1,003;859 306,399 218,308 423,223 22,267 45,179 128,013 177,290 7,893 30,546 Expenses-Maint.way 133,034 2,695,968 1,707=6 237,391 142,916 248,961 14,201 37,694 180,863 315,824 14,120. 42,647 Maint. of equipm't_ 385,012 254,046 33,932 11,700 15,061 1225 242 9,319 654 623 241 301 Traffic expenses.. 380.741 281,918 3,815,729 2,739,508 39,241 407,848 619,174 67,952 725,306 973,587 58,600 104,118 Transportation exp.. 551,878 8,890,788 6,193,968 968,700 807,954 78,220 1,322,723 151,791 84,129 1,514,841 1,073,650 182,293 Total, in other_ 510,461 4,144,364 5,274,759 350,051 469 -264,895 63,934 133,067 --53,16g 10,115 --208,446 Net from rallroad..__ _ -59,690 503,717 519,409 42,708 51,628 34,453 4,833 36,419 2,287 101,500 113,769 9,500 9,500 Taxes (less war taxes) 467,688 3,623,198 4,770,310 298,294 -4,437 -299,395 27,441 310,556 -55,525 615 -322,21d --69,190 Net after taxes 479,560 -37172,05 5,161,199 287,418 232,887 -58,752 -6,169 -347,574 -6,409 17,846 -105,314 --51,624 Net after rents 2 38,761 202.888 43,745 230 War taxes 943 968 256 ' 255 19 19 Aver. miles of r'd oper. St Louis Southwestern By of Texas Richmond-Washington System Pere Marquette -Month of December- -Jan. 1 to Dec. 31Richmond Fredericksburg & Potomac -Month of December--Jan. 1 to Dec. 311917. 1918. 1918. 1917. 1 Dec. to -Jan. 31of -Month December1917. 1918. 1917. 1918. EARNINGS. $ $ $ s 1917. .1917. 1918. 1918. $ s $ $ 339,790 456,431 4,335,225 4,098,558 2,422,334 2,936,796 245,456 340,828 22,200,348 16,850,265 1,480,025 2,045,544 revenue Freight 138,531 1.786,182 150,340 1.327,665 2,132,054 3,563,012 386,810 347,093 333,143 4,233,796 4,213,803 433,260 Passenger revenue.. 516,043 640,827 6,553,608 5,840,929 797,826 7,164,371 5,249,406 741,874 Tot.,incl. other rev. 2,689,573 1,979,154 28,955,011 23,507,855 22,846 1,526,407 197,126 773,869 338,706 370,435 16,005 38,676 163,800 3,790,387 2,425.688 296,330 Expenses-Maints.way 231,719 91,120 1,993,010 1,207,533 557,206 812,796 58,053 81,537 380,764 6,143,894 3,894,689 488,376 Maint. of equipm't.. 179.407 122,159 15,709 8,084 45,970 442,858 50,488 4,130 5,238 344,772 28,420 21,859 Traffic expenses.. 238,286 3,027,609 2,291,835 252,783 191,957 2,411,831 1,746,657 236,459 Transportation exp_ 1,138,240 '904,755 12,233,618 9.925,781 • 6,949,826 390,698 718,573 4,702,891 374,977 303,369 3,824,211 2,863,814 Total, incl. other_ 2,014,758 1,538,310 23,315,551 17,381.445 250,121 -369,218 1,138,07 366,987 494,462 3,340,160 2,385,592 --202,529 440,843 5,639,466 6,126,409 674.814 Net from railroad 368.490 250,652 62,554 35.834 563,224 14,496 159,300 164,049 697,135 9,746 40,368 Taxes (less war taxes) Cr28,958 768,948 187,550 -847,461 352,410 484,707 3,175,562 2,226,131 -238,414 400,454 4,940,822 5,559,600 703,667 Net after taxes 207,936 -343,123 1,294,78g 1 346,06d 3,638,672 3,814,051 445,246 3,016,827 1,967,041 -217,483 296,334 662,112 Net after rents 810 71,027 13,765 3,770 352 2,039 -2,616 War taxes 814 810' 87 87 2,245 2,233 Aver. miles of r'd oper. EARNINGS. t`reight revenue Passenger revenue Tot.,incl. other rev. Exuenses-Maint.way Maint. of equipm'tTraffic expenses.. Transportation exp.. Total,incl. other.. Net from railroad.. Taxes (less war taxes) Net after taxes Net after rents War taxes Aver. miles of r'd oper. Washington Southern Philadelphia & Reading -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to 1918. 1917. 1917. 1918. 1918. 1917. 1918. $ $ s $ $ $ $ 160,800 76,240 1,112,205 6,032,289 4,037,200 66,755,087 54,755,078 264,187 232,392 2,313,790 689,152 8.683,464 7,822.326 1,049,017 466,354 435,942 4,027,034 7,629,262 5,118,846 80,769,563 66,831,398 38,453 15,723 270,848 376,426 7,316,702 4,295,826 850,960 36,995 21,373 401,515 1,816,703 1,075,352 19,354,094 12,323,200 1,433 583,517 1,504 21,273 495,762 46,552 41,386 139,225 104,620 293,815 3,551,171 2,703,298 37,144.651 28,245,556 224,517 158,239 2,074,092 6,401,973 4,308 021 65 889,371 46,699,283 1,952,942 810,824 14,880,191 20,132,115 1.227,289 7.398 76,744 4,719 286,086 1,718,737 1,795,066 218,480 2-7-27081 1,876,111 234,434522,051 13.161,126 18,333,302 1,008,754 2J2,071 232,237 1,721,554 161,431 8,847,389 13,777,017 337,803 241,8a --2-77770-1 1,126 1,127 Pittsburgh & Sham:mut 35 Pittsburgh & West Virginia $ 804,303 1,322,845 2,763,406 164,700 256,285 17,633 846,041 1,362,022 1,401,384 74,065 1,327,292 1,106,141 64,360 4,242 4.873 136 44,161 51,116 13,243 Cr2,582 15,826 0,252 6 35 Rutland -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to 1918. 1918. 1917. 1917. 1917. 1918. 1918. $ 46 Id 170,740 165,938 2,623,259 77,239 1,280,637 1,087,513 109,638 Freight revenue 122,722 110.311 1,167,126 5,506 45,485 47,367' 5,166 Passenger revenue 340,659 325,595 4,540,589 83,651 1,343,607 1,150,805 116,225 Tot., Incl. other rev. 75,119 222,202 774,427 16,328 347,787 17,065 47,641 Expenses--Maint.way 118,835 63,348 1,073,536 274,035 377,612 , 26,474 37,498 Maint. of equipm't_ 9,960 13,074 120,475 7,585 13,266 1,365 944 Traffic expenses.._.. 188,034 180,099 2,292,466 349,925 525,898 31,132 43,434 Transportation exp_ 900,130 281,667 402,818 1,302,784 4,387,180 78,989 other_ 132,259 Total,incl. 250,675 --62,159 40,822 43,027 153,408 4,661 Net from railroad........ -16,034 13,397 25,690 14,589 31,455 730 221,856 Cr1,520 Taxes (less war taxes)_ --87,86g 237,28 26,233 12,472 3,96 -68.484 --14,514 Net after taxes 130,256 ---2-0,837 528,005 -83Y' 35,559 33,498 --15,593 Net after rents 4,514 War taxes 415 415 94 94 Aver. miles of r'd oper. EARNINGS. St. Louis Transfer Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1917. 68,251 1,080,329 123,593 5,672 504 129,713 2,627 219 45,466 621.666 907,163 54,937 173,165 13,314 1,417 Cr1.625 171,744 14,939 78,958 -1,034 901,107 59,280 55,307 2,652 494,970 642,205 258,902 5,638 257,262 147,360 6 San Antonio & Aransas Pass Dec. 31- -Month of December--Jan. 1 to 1917. 1918. 1918. 1917. $ S $ $ 311,037 2,847,667 244,477 2,388,554 98.037 1,214.504 101,193 1,281.564 369,984 437,229 4,370,334 4,325,368 90,387 55,545 757,020 499,895 51,562 1,272,604 62,802 698,822 7,679 5,293 76,143 123,593 190,888 2,105,524 185,517 1,837,627 362,092 348,289 4,410,379 3.275,722 ,891 118,940 -39,995 1,049,646 31,463 16,554 181,554 251,862 8,354 -223,276 -8-,701 797.624 -5,3 87,3111 -129,475 976,501 367 3,950 1,791 732 732 St Louis & San Francisco System Dec. 311917. $ 2,852,218 1,023,733 4,178,191 709,237 658,989 86,900 1,901,094 3,517,594 660,596 194,947 464,403 610,421 Seaboard Air Line -Month of December--Jan. 1 to Dec. 31St Louis-San Francisco -Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1917. -Month of December--Jan. 1 to Dec. 311918. 1917. 1918.' EARNINGS. $ $ s $ 1918. $ 1917. $ 1917. 1918. S. $ 2,066,432 1,635,559 22,338,218 19,674,328 1,351,167 1,534,744 38,017,333 45,312,606 3,921,888 104,192 3,011,045 53,212 Freight revenue 919,559 13,175,582 7,777,068 112,398 119,529 1,769,347 1,668,219 20,358.980 15,503,984 1,241,762 10,804 10,928 Passenger revenue.... 127,418 1,800,146 1,588,786 6,033,729 5,003,191 69,812,604 57,434,624 3,609,185 2,837,494 38,923,106 30,345,146 77,342 Tot., incl. other rev 188,848 5,186,136 3,215,505 593,842 513,720 150,590 1,085,805 503,027 10,198,035 6,418,159 63,088 Cr34,627 Expenses-Maint.way 525,997 9,108,666 5,105,472 234,491 1,332,788 503,125 Cr2,991 819,481 15,790,755 9,459,493 1,027,213 36,779 Maint. of equipm't_ 82,925 769,236 55,405 931,258 14,998 23,626 786,173 1,516 566,284 67,946 20,266 938 Traffic exponses 717,424 521,860 2,442,950 1,039,285 26,917.040 19,489,508 1,770,681 1,177,122 16,986,924 11,347,769 47,683 67,213 Transportation exP. 3,540,514 2,164,733 33,346,792 21,717,177 22,900 1,932,494 1,043,134 5,008,129 3,486,422 55,251,965 37,474.557 183,556 Total, incl. other_ 0 5,576,313 8,627,968 672-;768,671545,651 1,025,599 1,516,769 14,56(1,638 19,960,066 104,518 -132,34g -13' Net from rallroad......_ -106,2 132,793 1,469,434 1,380,253 126,894 170,924 112,449 2.692.855 505,698 281,567 11.601 2,735,673 15,904 Taxes (less war taxes) 530,933 4,0 6791-9 7,237,881 431,832' 741,139 T,09,282 11,801,892 1/.262.117 -59,043 0 --303,272 92-1227118 Net after taxes ' 426,558 3,636,725 6,821,327 447,129 90,391 -328,011 631,oad 916-,5-34 11,199,410 16,427,707 -26,423 -112,981 Net after rants 1,444 17,337 51,049 9,049 War taxes 3,563 3,461 63 4,761 4,761 63 • ver. miles of r'd oper. South Buffalo Fort Worth & Rio Grande Pittsburgh Shawmut & Northern -Month of November- -Jan. 1 to Nov. 30- -.-Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1918. 1917. 1918.1917. 1917. 1918. 1917. 1918. EARNINGS. $ $ S $ $ $ $ $ $ 40,397 49,745 528,073 582,509 1.034,956 100,464 1,048,009 678,413 50,843 48,679 620,720 64,772 revenue refght 61,078 57,667 390,444 5,622 39,170 39,829 311.159 4,958 Passenger revenue.._.. 125,584 73,538 1,563,095 1,168,509 108,774 1,125,208 1,141.804 97,237 1,151,032 1,008,719 100,059 74,558 Tot., Incl. other rev. 27,626 139,612 190,525 18,540 315,747 19,565 147,291 198.879 218,204 12,592 21,781 22,804 xpenses-Maint.way 195,861 17,338 4,949 143,501 594.082 44,031 510,683 267,927 16,645 199,907 23,373 88,010 Maint. of equipm't_ 3,960 308 269 2,240 1,044 14,382 13,383 2,028 19,792 20,531 426 840 Traffic expenses 74,885 840,070 56,213 595,175 596,030 523,361 43,880 50,177 540,538 459,626 51,406 37,745 Transportation exP1,252.701 81,996 123,318 902,676 1.594,823 119,777 80,020 1,303,765 1.103.126 879.911 98,259 293 ,56 Total.incl. other_ 310,394 2,26g -8,438 265,833 469,6a T61,9-6-1 17,216 1,1709 128,g0i 47,906 781E,736 =11,602 at from railroad 32,502 14,758 17.102 19.403 19,953 1,806 37,046 19,728 4,363 35,828 2,678 1,800 axes (less war taxes) Cr14,83/ 246,429 6.310 489,568 12,809 181,680 12,852 91.718 11,405 Ia, Net after taxes......_ --13753d 9-g 125,016 -7.5 -5,945 46,363 142-,181 2,465 -61,591 --1,177 --3,307 at after rents 1,200 576 30 32 War taxes 35 35 235 204 235 204 • ver. miles of r'd oper. Southern Railway System St Louis-San Francisco & Texas Port Reading Southern Railway -Month of December- -Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 31of December--Jan. 1 to Dec. 31-Month 1917. 1918. 1917. 1917. 1918. 1918. 1917. 1918. EARNINGS. 1917. 1917. 1918. 1918. $ $ $ $ $ $ $ $ 755,759 6,737,696 4,576,985 76,183,282 58,450,039 105,220 1,928,022 1,655,652 40,230 1,131,502 70,248 214,889 I' reight revenue 3,013,279 40,568,658 24,203,182 3.291,513 261,158 153,562 25,526 10,590 I.assenger revenue 272,823 2,637.218 2,105,395 70,837 1,366,344 1,113,130 10,727,373 8.399.507 126574,296 90,716.568 93,936 295,202 Tot.,incl. other rev. 112,701 13,568,310 9,244,833 187,916 1,038,536 11,519 147,451 193,747 15,440 270,773 7,138 51,442 xpenses-Maint.way 204,580 2,124,699 1,396,738 24,570,010 14,656,480 257,372 26,107 122,169 267,801 7,378 3,242 18,860 Maint. of equipm't101.992 155,197 1,493,452 1,996,341 25,739 475 40 21,800 2,201 410 1,527 18 Traffic expenses 545,067 4.051.403 3351.852 48,772,492 31,797,037 136,861 1,238,561 1.085,693 637,374 54,001 57,458 114,955 Transportation exp.. 97,735 1,179,317 1,028,100 8,272,807 5.029.381 91,810,425 60,113,597 154O01 1,79/416 1,367,044 94,761 171,374 Total, incl. other.. 85,029 2,454,565 3,370,125 34,763,871 0,602,971 18'7,027 844,801 118,822 738,350 -8-2A -26,89-s 123, 2 at from railroad........ 333,123 3,742,144 3,530.949 315,897 19.444 19,531 1,374 112,696 18,751 95,748 1,413 030 5 axes (less war taxes) 65,541 2,132.669 3,034.485 30,976.621 27,042,872 177245 -Z-24-8 -2 727i .---11642,602 732,104 137,574 Net after taxes_..__ 1. -60,81d -111,556 -318,781 2,111,876 2,847,62'i 29,291.869 26,085,574 4.89,964 17044 106,74-g 109,613 I at after rents 612,910 76,425 35 War taxes 6,982 6.982 143 134 21 21 oper. r'd of miles ver. 12 RAILWAY EARNINGS [VOL. 108. Southern Railway System (Cond.) Souther n Pacific System (Concl.) Staten Island Rapid Transit Alabama Great Southern & Texas Central -Month of December- -Jan. 1 to Dec. 31- -Month Houston of December--Jan. 1 to Dec. 31of December- -Jan. 1 to Dec. 31- -Month 1918. 1918. 1917. 1917. 1918. 1918. 1917. 1917. 1918. 1917. Freight revenue 1918. 1917. 653,717 $ 426,840 6,371,190 4,889,078 $ $ $ 939,464 591,150 Passenger revenue 6,189,186 5,769.544 209.836 93,452 207,812 2,756,193 1,753,438 51,065 886,165 668,320 210,366 260,180 2,212,798 1,877,819 63,844 Tot.,incl. other rev. 47,727 915,858 821.574 693,357 676,906 9,296,634 7,151,054 801,053 xpenses-Maint.way 907,886 8,041,980 8,223,425 58,346 Cr35,757 179,163 105,336 1,934,751 1,493,513 734,758 636,857 143,892 41,463 1,203,144 Maint. of equipm't_ 903,242 266,802 35,055 123,168 2,323,722 1,466,265 2,695 340,667 199,585 62,999 90,985 1.500,931 Traffic _ 931,530 5,834 22,777 16,265 8,032 147,681 274,802 196,643 161,425 3,463 18,382 Transportat expenses_109,921 ion exp _ 210,436 394,280 798 290,481 3,679,411 2,261,267 1,668 15,355 13,810 289,331 304,057 3,364,058 2.628,725 94,805 Total,incl. other_ 63,138 973.095 743,596 411,207 7,103,514 4,774,410 729,628 509,180 392,291 6,397,010 4,925,625 162,537 Net from railroad 81,535 1,700,425 1,166,914 172,762 265,698 2,193,120 2,416,641 291,893 515,595 2,644,970 2,297,799 Taxes (less war tam* 32.600 16,626 169,455 "r CZ 234,325 326,598 264,596 403,335 15,655 61,682 406,118 447,217 17,770 Net after taxes 12,311 141,770 139,590 103,311 96,232 1,925,412 2,013,007 275,980 452,241 2,236,113 2,842,25g 34,391 Net after rents 11,481 376,12 132,873 223,0/ 119,852 2,038,470 2,462,668 276,645 427,143 2,286,306 War taxes 2,847,679 32,359 22,716 3,224 314,640 118,831 140,601 4,000 49,316 Aver. miles of r'd oper. 48,000 157,316 312 312 887 948 23 • 23 Georgia Southern & Florida Houston East & West Texas -Month of December--Jan. 1 to Dec. 31- -Month Tennessee Central of December--Jan. 1 to Dec. 31- -Month of EARNINGS. 1 1918. 1917. December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. 1918. 1917. $ 1918. 1917. $ $ 1918. $ 1917. $ $ $ Freight revenue $ 239,386 $ 161,425 2,202,924 1,690,960 $ $ s 127,264 122,423 Passenger revenue 1,463,317 1,308.980 149,879 166,182 132,838 1,127,735 92,697 1,936,892 971,198 '59,473 1,259,184 53,142 502,088 437,516 67,640 Tot.,incl. other rev. 38,590 937,968 421,572 419,633 328,808 3,694,800 2,983,427 196,578 Expenses-Maint.way 187,358 2,087,716 1,862,480 71,041 245,094 30,379 141,891 3,011,812 1,797,251 567,370 296,816 52,296 7,680 Maint. of equipm't_ 326,883 226,042 80,152 75,753 62,753 13,203 934,927 669,934 646,515 269,213 35,602 23,131 Traffic expenses_ 288,956 195,287 4,105 92,092 8,086 26,879 56.987 672,353 87,947 290.453 669 Transportation exp_ 2,228 18,377 26,609 161,344 928 4,578 118,596 1,555,758 1,083,339 28,806 67,915 82,866 63,509 889,239 611,625 111,610 Total,incl. other_ 70,058 • 1,258,519 327,802 677,114 232,739 3,249,537 2,336,080 176,426 100,057.1,566,078 1,102,412 286,326 121,602 Net from railroad 2,712,527 93,769 1.379,302 96,069 445,263 647,34', 20,102 87,301 Taxes (less war taxes) 521,637 760,067 19,298 35,549 20,289 171,429 299,285 193,454 417,949 3,112 9,137 72.927 79,201 5,450 Net after taxes 3.581 78,526 74,409 56,376 60,719 272,913 45273D-5 16,907 78,138 448,724 679,057 -16,696 Net after rents 16,707 220,392 737171 361,538 63,81i 347,860 665,288 15,228 72,998 404,017 War taxes 640,369 -67,589 563 5,2.50 7,283 -4,744 238,13/ 1,200 6,169 Aver. miles of r'd oper. 14,400 84,469 402 402 5 242 11 190 ' 190 293 292 Mobile & Ohio Louisiana Western Terminal -Month of December--Jan. 1 to Dec. 31- -Month of RR of St Louis December--Jan. 1 to Dec. 31- Terminal Railroad EARNINGS. 1918. 1917. Association of St Louis 1918. 1917. 1918. 1917. 1918. 1917. -Month of December--Jan. 1 to Dec. $ $ $ $ 31$ $ Freight revenue $ $ 1,035,144 1918. 810,558 11,903,287 11,263,405 1917. 1918. 1917. 242,390 199,003 2,854,649 2.439,603 Passenger revenue 238,933 169,223 2,099,881 1,586,293 115,562 126,826 1,241,013 948,127 3,873 Tot.. incl. other rev. 1,341,075 1,047,352 14,840,901 13,604,506 2,767 39,990 18,875 Expenses-Maint.way 374,370 354,081 4.348,151 3,653,550 154,678 315,142 61,288 1,916,624 1,424,371 250,290 3,882,409 3,712,528 34,503 14,993 Maint. of equipm't_ 347,697 265,089 454,292 110,660 248,978 4,728,755 3,266,113 50,969 741,837 525.140 60,691 38,174 expenses Traffic 643,106 413,910 24,675 9,400 39,832 13,186 362,043 553,099 455,700 261,664 3,977 Transportation exp_ 8,538 66,268 94,343 591,608 765 461,924 6,697,082 4,817,841 985 10,638 11,820 116,313 77,386 1,147,880 798,895 164,429 Total,incl. other_ 1.252,563 132,274 1,798,693 1,222,383 840,086 14,131,172 10,352,976 226,853 149,485 2,348,526 1,689,423 railroad 291,776 Net from 211,626 3,193,111 2,122,111 90,511 207,266 709,729 3,251,529 147,517 204,596 1,999,635 1,964,127 Taxes (less war taxes) 50,378 23,366 34,285 38,663 525,234 689,297 1,590,4171 511,743 17,423 6,390 169,707 174.724 36,987 Net after taxes 20,239 400,828 40,075 172,571 401,331 182,246 2,736,628 129,949 198,151 1,827,032 1,787,90 -13,621 Net after rents 18,424 288,379 1,189,050 -47,570 215,542 247,368 3,219,639 120,172 191,334 War taxes 1.823,578 1,827,452 125,907) 64,838 64,789 1,856,682 2,410,141' 26,068 174,115 11,025 93,666 Aver. miles of r'd oper 81,227 306,737 991 1,159 13,259 19,897 207 207 36 36 Southern Ry in Mississippi Morgan's Louisiana & Texas RR & SS St Louis Merchants Bridge & Terminal -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. EARNINGS. 1918. 1917. 1 to Dec. 311918. 1917. 1918. 1917. 1918. 1918. 1917. 1917. $ 3 1918. 1917. $ 3 $ $ Freight revenue $ $ 109,734 66,517 $ 876,967 756,041 $ 631,601 482,879 Passenger revenue 5,897,356 4,988.920 75,532 75,079 525,754 436,328 162,055 185,772 1,854,186 1,491,506 2,166 617 Tot..incl. other rev. 6,886 8,707 195,544 154.006 1,519,495 1,309,221 Expenses-Maint.way 841,008 706,294 8,352,107 250,284 6,910,458 248,481 3,620,589 3,166,033 23,756 7,103 313,994 245,859 124,253 49,184 Maint. of equipm't_ . 903,868 33,610 692,108 12,589 27.539 489,078 8,781 190,089 374,199 107,612 121.333 73,472 1,419,815 _ Traffic 14,283 882,309 4,409 2,891 503.945 2,159 28,237 187,863 27,131 6,009 Transportat expenses_13,497 ion exp.. 92.534 768 144,693 920 83.837 51,960 9,694 763,971 11,165 544,812 330,514 219,871 2.943,846 1.996,321 226,096 150,197 Total,incl. other_ 2,395,385 1,630,967 143,537 75,117 1,349,119 976,816 599,784 372,811 5,578,728 3,902,010 279,076 178,356 Net from railroad 3,470,013 2.294,789 . 52,007 78,88 170,376 332,408 241,224 333,483 2,773,379 3,008,448 -28,791 Taxes (less war taxes)_ 10,000 70,124 6,536 150,575 . 871,25'2 109,000 110,702 32,955 30,438 353,173 8,695 355,778 20,671 Net after taxes 101,551 107,563 42,005 72,335 61,258 221,464 208,240 302.912 2,417,680 2,648,790 -37,486 49,453 Net after rents 48,655 763,649 40,678 58,142 -40,793 32,675 169,452 ' 289,902 2,357,330 2,670,600 -48,391 War taxes 85,967 -106,555 491,412 4,134 2,784 123,804 Aver. miles of r'd oper. 32,708 245,828 278 1.787 278 3.671 400 400 9 9 • Southern Pacific System Texas & New Orleans Texas (35 Pacific Southern Pacific of December--Jan. 1 to Dec. 31- -Month of December--Jan. EARNINGS. -Month of December--Jan. 1 to Dec. 31- -Month 1 to Dec. 311918. 1917. 1918. 1918. 1917. 1917. 1918. 1917. 1918. 1918. 1917. 1917. $ Freight revenue $ $ $ $ 9,453,016 7,822,965101958,575 87,334.750 $ $ $ 391,506 Passenger revenue 367,773 4,952,781 4,393,703 2,035,015 1,562,394 17,996,085 14,933,636 3,474.477 3,445,961 39,324.652 33,311,326 202,635 182,992 1,899,577 1,482,750 765,203 727,445 7,449,816 6,252,826 Tot.,incl. other rev. 12,259,984 153948,641 132257,551 Expenses-Maint.way 13,961,659 626,972 590,320 7,445,599 6.410,076 3,053,094 2,441,771 27,294,83322,714,607 2,311.923 1,201,176 18,719,062 12,341,873 184,929 34,996 1,030,702 Maint. of equipm't_ 3,857,106 1.502,610 329,369 556,176 Cr9,991 3,610,862 2,036,463 28,165,935 16,767,474 162,851 88,121 2.061,523 Traffic expenses 673,352 953,055 289,781 5,130,583 2,999,166 92,942 168,946 1,458,730 1,930,503 3,137 Transportation exp_ 5,477,872 6,704,932 10,164 68,689 12,921 107,113 39,455 294,427 59,617,053 47,607,447 477,449 274.350 205.427 2,656,656 1,973,681 1,453,247 932,478 11,894,810 9,072.787 Total,incl. other_. 12,284,753 10,046,181 113652,897 83,644,356 648,202 361,158 6.153,502 2,545,219 3.900,756 1,333,385 Net from railroad 21,900,380 15,389,755 1,676.9ft 2,213,202 40,295,743 48,613,199 --21,229 229,162 1,292,097 2,509,325 Taxes (less war taxes) 507,878 1.108,388 5,394,452 '7,324;2-81 640,641 517,493 7,127,320 6,084,374 16,328 28,794 256,081 102,943 279,080 07,156 1,086,634 1,073,382 Net after taxes 1,035,634 , 1,692,072 33,127,096 42,490,346 -37,636 200,314 1,033,493 . 404,089 2,226,470 1,010,422 4,301,251 6,241,551 Net after rents 1,041,456 1,634,204 33.970,453 42,550,632 -54,321 193,106 War taxes 964,627 282,932 2,175,747 Cr953,250 '3,707,260' 5,868,894 -395.608 1,481.537 600 12,683 Aver. miles of r'd oper. 7.200 228,483 37,892 7,050 12,281 7,102 166,666 469 468 1.946 1,940 Arizona Eastern Spokane Internat ional Toledo St Louis & Western -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. EARNINGS. 1918. 1 to Dec. 311917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. $ 1918. $ 1917. 3 S. $ s s $ Freight revenue $ $ 326,793 287,343 3,657.705 3,340,816 $ $ 77,748 79,237 813,118 658,248 779.951 Passenger revenue 428,411 7,066,395 6,244,027 44,529 48.666 551.197 617,358 19,252 16,220 164,921 186,441 41,113 69,823 899,372 466,508 Tot.,ine.l. other rev. 393,432 354,586 4.478,691 4,269.650 98.700 97,457 1,011,604 Expenses-Maint.way Cr70,917 1,000,130 738.050 516.111 8,306,127 7,041,662 44,296 668,548 496,553 10,177 12,998 160,458 117,318 179,442 Maint. of equipm't_ 93,700 1,365,516 1,082,019 26.145 35,665 602,705 424,378 8,514 6,662 103,508 131,678 70,822 Traffic expenses 109,211 1.737,323 1,117,666 1.793 2,641 26,107 31,806 1,427 1,725 17,850 4,016 Transportation exp_ 22,675 17,243 122.003 116,920 26,930 1,216,865 222,194 928,134 29,659 27,342 331,997 259,266 302,464 225,790 3,087.829 2,486,589 Total.Incl. other_ 77,203 178.736 2.736,506 2,135.141 53,327 47,486 658,528 520,641 614,526 456,945 6,424,137 5.023,862 Net from rallroad 316,228 175,850 1,742,184 2,134,0/ 45,373 49,971 353,076 217,408 385,604 Taxes (less war taxes) 59,166 "1.881M17 -177717 6,656 23,266 193,807 213,161 13,059 5,705 49,307 26,000 38,875 46.100 274,200 319.300 Net after taxes 309,496 152,565 1,547,344 1,920,620 32,314 44,228' 303,693 191,408 346,062 13,063'`DTOTTI9 -1,697,654 Net after rents 309.20d 139,218 1.472,292 1,793,605 30,262 39,373 267,707 291,416 167,706 -40,553 1,241,182 1,132,271 War taxes 51,574 148,007 2,026 Aver. miles of r'd oper 397 377 156 163 454 454 Galveston Harrisburg & San Antonio Spokane Portland & Seattle Ulster & Delaware -Month of December--Jan. 1 to Dec. 31- -Month of December --Jan. 1 to EARNINGS. Dec. 31- -211onth of December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. 1917. 1918. $ 1917. $ $ $ $ $ Freight revenue $ $ 1,21!,519 1,150,867 14,708,780 14.003,120 $ $ $ 526,475 343,245 5,952.144 4,555,835 Passenger revenue__ 23,630 35,527 547,140 524,790 561,646 5.274,253 4.628,969 498.310 151,690 170,373 1.972,328 1.772.382 13,137 14,792 279,912 Tot.,Incl. other rev. 1,850.416 1,829,024 21,273,847 19,737,996 299,584 728,507 565,853 8,496.944 6.778.798 Expenses-Maint.way 55,862 64,019 1,000.444 1.008,892 250,439 Cr308,299 2,335,956 1,836,557 257,310 65,492 1,297,181 17,620 Maint. of equipm't_ 761,987 8,699 361,717 180,412 176,852 3,799,479 2,417,291 96.102 75,643 51,490 975,802 17,827 Traffic expenses 542,609 11,220 8,110 186,828 39,031 132,551 276.788 408,514 3,924 10,744 65,479 Transportation exp_ 98,554 1,355 709,721 877 15;797 586,921 7,864.672 6,286,325 19,234 231,512 169,013 2,589,222 1.682,024 42,501 .44,354 574,317 Total. incl. other_ 1,353,290 494,575 545,243 14,986,129 11,514,978 591,138 317,243 5,196,273 3,305,940 83,435 69,309 1,014,643 797,474 Net from railroad.. 497,125 1,283.780 6,287,717 8,223,018 137,369 248,609 3,300,670 3,472,85A -27T671 Taxes (less war taxes) -5,289 3,823 -8,-1-7.--1211,411 81,386 622,287 707,625 59,200 73,357 810,005 712,947 4,820 7,191 55,420 55,191 Net after taxes... 490,673 1,202,061 5,659,579 7,501,112 78,155 175,218 2,490,099 2,759,196 -32,451 -12,02 -63,739' 7'5t=7,Net after rents 453,868 1.114,260 "5,347.755 '6,746,922 66,182 197,527 2.09,866 War taxes 2.697,614 -32,284 -14,578 2,500 -1777417 125,560 187.764 30,000 619,764 Aver. miles of r'd oper. 200 1,382 2,400 1,360 654 554 128 128 EARNINGS. Assown FEB., 1919.] RAILWAY EARNINGS Union Pacific System 13 Utah Western Ry of Alabama Union Pacific -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31-Month of December--Jan. 1 to Dec. 311918. 1917. 1917. 1918. 1917. 1918. 1917. 1918. ,$ 1918. 1917. 1918. 1917. $ $ $ $ $ $ $ 6,468,879 5,068,063 72,679,801 55,839,583 Freight revenue 118,709 62,387 1,394,119 136,929 99,315 1,425,799 980,776 1,534,164 1,323,771 38,055,066 13,918,940 Passenger revenue 422 934 6,879 96,998 69,283 941,306 577,355 Tot.,incl. other rev. 8,732,532 7,082,019 98,443,364 76,988,423 120,095 63,567 1,409,235 245,164 187,301 2,558,202 1,725,859 673,640 10,766,975 8,930,174 Expenses-Maint.way 1,196,630 13,465 8,538 137,963 19,660 21,294 291,970 208,516 Maint. of equipm't_ 1,730,712 1,034,358 16,413,257 10,065,284 28,506 10,132 190,726 53,164 537,455 330,668 30,274 38,727 120,793 736,706 1,367,956 Traffic expenses_ _ _ 150 165 2,011 2,127 7,553 43,376 77,991 Transportation exp. 2,791,553 2,259,025 27,332,797 22,308,565 19,669 23,978 266.637 99,899 540,423 49,395 874,078 6,311,125 4,426,054 59,877,810 45,938,666 Total,incl. other_ 67,513 48,865 184.598 704,530 117,047 1,844,738 1,241,846 Net from railroad_ __ _ 2,421,40t 2,655,964 38,565,554 31,049,757 52,58 14,702 704,704 60,566 70,253 713,464 484,013 354,125 3,446,321 3,412,112 346,259 Taxes (less war taxes) 2,882 1,313 39,707 6,737 121,141 29,000 83,737 2,074,341 2,296,624 b5,114,378 27,629,567 Net after taxes__ 49,700 13,389 664,997 53,829 362,751 41,160 629,641 2,073,739 2,250,708 1 6 ,61 ,553 27,27817 I et after rents 43,549 52,184 -4,563 589,157 42,299 614,106 423,169 109,904 968,232 1,131,040 80,686 War taxes 1,241 14,892 3,626 3,614 . ver. miles of r'd oper. 98 1 133 133 98 Oregon Short Line Vicksburg Shreveport & Pacific Wheeling & Lake Erie -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. EARNINGS. 1917. 1918. 1917. 1918. 1917. 1917. 1918. 1918. $ S. S $ $ II $ $ $ $ • $ $ 2,400,402 2,087,504 25,941,123 22,774,874 reight revenue 824,022 632,701 11,970,359 9.438,248 211,976 112,872 1,577,514 1,323,390 459,134 570,490 5,885,681 5,857,899 1 assenger revenue_ 51,222 102,224 46,725 809,357 641,907 485,487 630.606 88,807 Tot.,incl. other rev. 3,046,861 2,866,620 34,136,853 31,016,342 951,455 743,779 13,592,172 11,028,904 323,798 225,693 2,689,104 2,206,557 257,280 4,602,019 3,143,167 475,714 1' xpenses--Maint.way 192,944 215,481 109,288 2,092,863 1,396.912 48,199 6,959 374,841 329,654 5,113,453 3,351,108 515,232 Maint. of equipm't_ 276,472 30,377 3,201,985 1,677,581 70,100 634,453 371,229 36,687 14,167 37,377 246,876 428,718 6,165 Traffic expenses_ _ _ 11,535 84,078 46,031 61,752 115,749 2,825 4,971 714,987 10,028,742 8,117,634 487,261 340,167 5.555,554 3,904,938 Transportation exp. 1,016,273 660.937 132,802 57,750 1,029,124 989,138 529,964 11.265.851 7.378,212 Total,ind. other_ 2,171,528 1,451,857 21,609,287 16,478,293 264,057 113,322 2,223,356 1,397,314 et from railroad_ _ _ _ 87L333 1,414,762 12,527,366 14,538,049 59,741D72737-6 465,747 809,243 -37,683 213,815 2,326,320 3,650,691 273,566 2,028,043 2,022,981 292,749 72,800 67,400 662,016 612,386 axes (less war taxes) 26,416 119,292 6,551 132,586 10,496,119' 12,511,787 582,410 146,396 1,663,663 • 3,088.276 Net after taxes..._ 33,319 689,244 -110,523 105,609 332,837 581,844 1T1531a 1-0;70-3-;142' 12,682,00 et after rents "7),a2 --71,848 1,048.582 2,035,737 6,713 758,507 . 105,615 322,496 24,500 44,642 294,000 446,423 War taxes 511' v.., 512 It" EnSilikt&e..«"4, 2,347 2,306 ver. miles of r'd oper. 171 171 Oregon-Washington RR & Navigation Wichita Falls & NorthwesternTA Virginian -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 311918. 1917. 1917. 1917. 1918. 1918. 1918. 1917. EARNINGS. 1917. 1918. 1917. 1918. 3 $ $ $ $ $ $ $ 1,658,661 1,147,246 17,696,064 14,858,302 63,360 65,543 'reight revenue 683,259 639,361 753,567 609,810 10,478,630 9,064,503 26,594 37.022 504,218 565,297 6,239.289 5,470,973 296,971 324,196 •assenger revenue... 68,301 637,647 564,777 57,730 96,957 109,238 1,1)68,157 1,053,273 Tot.,incl. other rev. 2,342,623 1,852,883 26,264,956 22,097,098 887,349 710,232 11,906,444 10,242,472 ; xpenses-Maint.way 3,274,880 523,740 354,946 4,157,528 35,926 19,435 369,981 251,670 192,952 66,604 1,532,407 800.851 18,320 37,955 287,857 170,309 Maint. of equipm't_ 158,630 213,783 3,629,173 2,396,402 300,191 154,948 2,676,010 1,608,197 1,712 12,722 559,268 Traffic expenses_ _ _ 132 21,893 32,477 49,156 379,238 71,644 4,975 6,109 69,028 79,877 44,221 650,769 470,761 750,150 10,100,012 7,456,263 908,323 505,007 Transportation exp. 248,000 4,815,018 2,839,328 14,878,198 159,780 89,278'1,389,803 977,843 Total, incl. other_ 1,741,235 1,464,283 19,717,608 4507,948 9,277,917 5,698,861 1,027,590 -, 19,960 --321,645 75,436 3-$K-6- 36 "TWAT/ 7,218,8 --140,241 et from railroad__ _ 202,284 2,628,526 4,543,611 -62,822 10,024 174,705 1,512,046 1,388,624 9,586 108,808 97,784 153,920 axes (less war taxes) 37,300 33,700 440,452 469,030 213,539 .-5 --,673K61-8 5,829,051 7 10,370 --430,614 --23,389 447,436 -1-177,541 Net after taxes 168,579 2,159,451 4,103,126 --72.914 223,096 '1,502,363 5,355,583 -218,065 389728 et7after rents 200,285 1,848,259 4,429,330 -73,972--966 -489,515 --38,755 5,050 22,020 50,509 1,835 "or taxes 328 2,069 2,065 328 518 • ver. miles of r'd oper. 512 Total Company Yazoo &rMississippi Valley Wabash -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311917. 1918. 1917. 1918. 1918. 1917. 1918. 1917. 1918. EARNINGS. 1917. 1918. 1917. $ $ $ $ 'S $ $ $ $ $ $ 10,527,942 8,302,813 116216,983 93,472,759 3,247,001 2,275,049 34,498,242 29,342,854 1,703,820 1,146,018 17,074,083 13,510,733 • reight revenue 604.524 583,781 4,456,277 3,678,700 832,148 2,497,516 2,459,558 30,180,033 15,247,812 'assenger revenue_ 726,077 9,993,358 7,673,810 Tot.,incl. other rev. 14,122,016 11,801,522 158845,171 130101,863 4,556,981 3,282,329 48,246,411 40,471,998 2,398,801 1.810,053 22,477,008 18,152,123 316,474 188,756 3,053,249 2,926,571 • xpenses-Maint.way 2,196,084 1,285.866 18,926,521 15,348,221 686,325 329,157 6,104,353 3,961,074 596,008 311,575 4,777,336 3,020,219 702,105 Maint. of equipm't_ 2.404,574 1,577,795 25,155,880 15,812,794 476,143 9,497,764 5,466,119 15,141 22,618 187,575 262,925 77,948 Traffic expenses.... 85,371 207,326 1,362,818 2,355,942 43,421 711,877 1,039,212; 863,964 578,092 8,183,362 5,852,461 Transportation exp- 4,716,149 3.724,162 47,461.548 37,882,462 2,191,277 1,598,677 22,489,629 16,888,330 Total,incl. other_ 10,223,888 7,342.194 101204,892 77,295,157 3,742,155 2,577,162 40,124,609 28,468,896 1,846,727 1,157.702 16,731,537 12,470,133 552,073 652,350 5,745,471 5,681,996 3,898,127 4,459,326 56,640,264 52,806,705 814,826 705,167 8,121,802 12,003,102 et from railroad_ _ _ 123,257 68.668 812,300 761,093 792 928 1,212,724 6,886,410 9,865 118 155,623 1,328,591 1,453,593 axes (less war taxcs)_ 95,594 428-.77 582.955 4,930,718 4,917,4'74 3,-104,183 3,240,782 50,643,507 42,929,003 719,014 548,848677-00 -NO 10,543,881 Net after taxes_ 405,894 57(ita86 4,499,956 4,687,061 Th,044,86g 3,216.984 50,822,106 42,283,548 482,522 et after rents 316; 00 3,721,029 7,211,273 172,577 14,933 1,284,252 272,490 $11,360 107,021 ar taxes 1,382 1,381 8,030 ver. miles of r'd oper. 7,997 2,519 2,519 , St Joseph & Grand Island Western Maryland -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 311918. 1917. 1918. 1917. 1917. EARNINGS. 1918. 1917. 1918. $ $ $ $ S 157,125 2,044,733 1,868,288 1,567,502 1,104,562 13,528,179 11,632,161 134,121 • roight revenue 321,302 375,743 33,915 29,791 assenger revenue... 83,103 87,718 1,004,670 1,089,686 200,692 2,588,577 2,346,814 1,745,627 1,276,882 15,402,351 13,638,449 183,523 Tot.,incl. other rev. 551,288 1,036,733 76,238 73,884 366.620 'xpenses--Maint.way 100,482 2,861,071 1,460,107 463,692 25,570 303,836 31,667 403,358 199,271 4,713,553 2,605,148 Maint. of equipm't_ 3,056 26,197 41,709 2,186 272,362 Traffic expenses_ _ _ 234,531 15,432 20,170 79,737 1,400,905 874,596 146,277 Transportation exp. 436,023 7,153,139 4,721,022 612,568 2,559,030 193,548 2.345,541 269,669 ... Total,incl. other_ 803,759 15,526,447 9,561,315 1,458,868 7,144 29440' 1,272 -7=86,146 473,123 -124,095 4,077,134 at from railroad_ 286,75-9 21,443 112,644 17,972 118,571 464,607 'axes (less war taxes) 70,607 518,400 43,200 --104,fln --14,299 --88-,T4T --117,544 3,612,499 402:488 -6-42 - 704 Net after taxes_ 248,125 -106,526 -95:723 -------7676' -137,687 4,150,225 201,181 79,26i.'184 et after rents 60,000 Var taxes 15,000 81,600 6,800 258 258 ver. miles of r'd oper. 697 707 EARNINGS. $ • HAWAIIAN ROAD Union RR (of Pennsylvania) Western Pacific Oahu Ry. & Land Co. -Month of December--Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31- -Month of November- -Jan. 1 to Nov. 301917. 1918. 1918. 1917. 1918. 1917. 1918. 1917. 1917. 1918. 1918. 1917. $ $ $ $ 76.734 82,090 reight revenue 934,632 781,966 714,152 9,187,872 7,968,770 911.830 33,544 30,723 299,271 assenger revenue_ _ 66,947 122,707 1.373.496 1,473.538 263.800 646,164 , 361,830 7,078,313 5,732,626 119,255 .119.907 1318.365 1,274,916 878,837 11,065,962 9,898,483 Tot.. incl. other rev. 891,643 615,736 33,570 53,017 xpenses-Maint.way 12.648 469,775 22.774 140,542 125,107 2,034,146 1,577,089 130.236 263,072 221,252 1,928,731 2,035,021 140,544 14,439 2,201 999,072 120,563 Maint. of equipm't_ 89.401 94,338 1,634,999 219,088 536 3,807 • 3,857 602 581 801 254,562 8,031 Traffic expenses 22,483 187,703 8,768 15,291 279,573 3,728,456 3,111,653 42,204 35,442 324,696 410,080 290,312 3,625,271 2,993,341 Transportation exP337,221 408,225 542,469 6,355.141 5,699,062 80,184 65.310 528,446 691,587 Total,incl. other_ 555,135 7,891,617 6,190,055 938,501 621,116 ..--7137-111 117771A 32,663 -46,85g 39.070 54,50-7217fi7 3 , 2-K01 3,174,844 -3,768,15 653,8-00 et from railroad_ __ _ 88,247 10,671 2,910 0-32,429 65,817 7.685 106,719 45,247 600,975 491,246 axes (less war taxes) 113,660 83,453 634,01-6' -14872164 28,398 46,912 -1-50,5411 278,449 "-2,17M---.,609 3,216,98f520,058 Net after taxes 530.346 1.455,668' 601,114 -140,929' 28,398 46,912 520,118 -,-57-5:304 3,017,281 et after rents ----W0,970 .-2 511,174 28,935 1,064 4,751 7,220 447 72,200 or taxes• 103,097 1,050 35 35 114 114 974 ver. miles ofr'd oper. 1,011 EARNINGS. --Trrunl 159,530 u8.76 --33,153 14 RAILWAY EARNINGS [VOL. 108. COMPANY RETURNS All the figures in the foregoing pages are transcripts of the monthly returfis as filed with the Inter-State Commerce Commission at Washington. A few railroad companies still issue monthly statements of their own, though under Government control the number of these has been greatly reduced. The form of these company returns is often different from that prescribed by the Commerce Cmmission. In some instances the figures in the two returns correspond, but the company statements go beyond the requirements of the Commission and give fixed charges and income froni investments in addition to earnings and expenses. It is our purpose that each issue of the "Railway Earnings Section" shall furnish an absolutely complete record of all monthly returns, in whatever form issued, that may be put out by any steam railroad in the United States. Accordingly, we bring together here all the company statements (few though they be) where they differ in any way from the returns to the Commission, or where they embrace more facts than are contained in such returns. In these instances, of course, uniformity is lacking. Each company makes up its statement according to its own conception of what will serve best to convey a correct idea of the course of its income in the distinctive circumstances that may attend its operations or the character of its business. We in turn give the statements in the precise form furnished by the companies. Obviously, we cannot undertake to reconcile differences or discrepancies that may appear between the company figures and the Inter-State Commerce returns. It should be distinctly understood that where the company statements are identical with those rendered to the Commerce Commission, and do not include any additional items, we do not undertake to repeat them here. In such cases the reader must look for the figures among the detailed statements on preceding pages, which include every steam road that is obliged to make monthly returns to the Commission. Bellefonte Central Gross receipts Operation Net Interest and taxes Surplus -Month of December- -Jan. 1 to Dec. 311917. 1918. 1918. 1917. $ $ $ $ 8,239 6,386 88,752 80,066 7.378 7,033 76,944 73,921 -647 861 11,808 6,145 210 247 2,520 2,964 651 -894 9,288 3,181 Chicago Great Western ---A tot, th of July- -Jan. 1 to July 311918. 1917. 1918. 1917. $ $ $ 11 Miles operated 1.496 1.496 Total operating revenue 1.712.829 1,378.105 10,123,320 9,212.981 Total operating expenses 1,405.553 1.026.810 9,295,096 7,052.760 Net revenue from railroad operation 307,276 351.295 828,224 2.160,221 Net income after charges 86.821 125.916 def736.485 740.504 New York Chicago it St Louis Buffalo Rochester ez Pittsburgh -Month of November- -Jan. 1 to Nov. 30-1918. 1917. 1918. 1917. Operating revenues 1,479,314 1.323.983 16,872,925 13,790,364 Operating expenses 1,579,204 1.130.805 16,006,842 10.867,044 Net revenue -99.890 193.178 866,083 2,923,320 Railway tax accruals 26,734 35,401 294,076 389.410 Uncollectible railway revenue 155 239 359 Railway operating income -126,624 157,622 571,768 2,533,551 Equipment & joint facility rents -29,404 72,430 370,476 783,678 Net -156,028 230,052 942,244 3,317,229 -Month of December- -Jan. 1 to Dec. 311918. 1917. 1918. 1917. Operating revenues 2,505,361 1,293,790 22,613,381 16,901,206 Operating expenses 1,746,974 1.131.788 17.489.757 13,281,309 Net operating revenue 758,387 162,001 5,166,624 3,619.897 Taxes and uncollectible railway revenue 127,531 47,911 647,687 608.139 Operating income 630,856 121,093 4,518,937 3,011,758 Other income 49,043 19,560 172,927 330,156 Gross income 679,899 143,653 4,691,864 3,341,914 Deductions from income 54,956 95,053 783,515 1,009,958 Net income 624,943 48,600 3,908,349 2,331.956 New York Ontario &Western --Month of July- --Jan. 1 to July 311918. 1917. 1918. 1917. Fonda Johnstown & Gloversville -Month of December- -Jan. 1 to Dec. 311918. 1917. 1918. 1917. $ $ $ $ Total railway operating revenues.. 99,156 90,039 1,123,137 1,064,318 Railway operating expenses 66,091 51,267 696,889 '602,218 Net revenue from railway oper_ 33,065 38,772 426,248 462,100 Railway tax accruals 3,223 5,205 55.522 46,905 Railway operating income 29,842 33,567 370,726 415,195 Miscellaneous operating income_ -555 -305 4,540 6,492 Total operating income 29,287 33,264 375.266 421,687 Non-operating income 1,365 1,723 )33.371 23.779 Gross income 30,652 34,987 408,637 445,466 Total deductionsfrom gross income 32,154 32.096 393,701 392,851 Net income -1,502 2,891 14,936 52.615 Operating revenue 1,314,416 Operating expenses, taxes and uncollectible revenue 826,893 Net revenue 487,523 Other income and deduc'n.s, net.... 113,843 Net income 373,680 958,072 6.090.513 5.067,709 601.149 5.473,009 3.048.758 356,923 617.504 1,218.951 112.208 819,386 720,273 244 715 -201,882 498.678 Toledo Peoria & Western -Month of August- -Jan. 1 to Aug. 311918. 1917. 1918. 1917. $ $ Railroad and outside revenue____ 163,281 117.103 1.014.278 843.268 Operating expenses 132.824 106.419 1,010,748 774,524 Net earnings 30,457 10,684 3,530 68.744 Other income 7,810 15,010 126,150 152,179 Total net income 38,267 25,694 129,680 220.923 Fixed charges &c 6.596 8.880 71.481 181,001 Surplus 31,671 16,814 58.199 39.922
@FedFRASER