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TWO SECTIONS-----SECTION TWO RAILWAY EARNINGS SECTION OF THE C o m m e r c ia l & F in a n c ia l C h r o n ic l e Copyrighted in 1923 according to Act of Congress, by W IL L IA M B. D A N A C O M P A N Y , in office of Librarian of Congress, Washington, D .C , V O L . 117. N E W Y O R K , J U L Y 14, 1923. N O . 3029. H IS entire publication is devoted to a presentation of the reports of earnings and expenses of United States railroads for the latest month (M a y ) and for the calendar year to date, including said month. The table embraces every steam operating railroad in the country which is obliged to make monthly reports to the Inter-State Commerce Commission at W ashington. Returns are now required only from carriers whose railway operating revenues, or gross earnings, exceed $1,000,000 per annum. T The figures are a transcript of the sworn returns on file at Washing 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. Sworn Returns. The “ Chronicle” has always made a specialty of weekly and monthly 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. Earnings These Inter-State Commerce returns also maice it possible for us 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. W e also show the railway tax accruals and the net earnings after the deduction of such taxes and also the deduction of the comparatively trifling item of uncollectible railway revenues. In addition, we indicate the net earnings remaining after the deduction oj certain rents, namely equipment rents and joint facility rent. W e conclude by giving the miles operated on which the earnings are based. Full Details. The cents we have necessarily been obliged to discard altogether, and 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. Cents Discarded. r n m n a n v R p tn r n # make this publication absolutely complete, we add statements Also Given 8 at ^he enc* to show also the figures issued by the companies them selves, where they are made up on a basis different from that of the Commerce Commission returns, or where they give additional items of information, or where, as sometimes happens, figures are issued by the companies in consolidated form, so as to show results for the system as a whole, instead of each constituent road separately. The matter contained in this extra and novel publication is entirely additional to the comprehensive reports of earnings we furnish in the “ 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. Other Returns Continued. As in the case of our numerous other Supplements or “ Sections,” all of which are expensive publications, the “ Railway Earnings Section” will be furnished only to “ Chronicle” subscribers. These will receive it free of charge, one copy going with each subscription. It will be im possible to obtain copies in any other way, as none will be printed for general sale. Only for Subscribers. WILLIAM B. DANA COMPANY, NEW 90 P i n e S t r e e t PUBLISHERS YORK 136-138-140 F r o n t S t r e e t Your Railroad Bonds Our Service in Railroad Bonds has been of great value to institutions and private investors in the following ways: 1st— We render detailed reports on holdings of railroad bonds. As regards those bonds which we recommend holding in our original report we agree to re-examine all of them every three months during a five-year period, and submit a new report on any bonds whose status has changed sufficiently to change our opinion of them. These reports have saved and are saving many institutions thousands of dollars. 2nd— We will recommend for purchase those few bonds which our work shows are the very most desirable of all the outstanding seasoned rail road bonds at to-day’s prices. This selection is based on the exhaustive study of the comparative security and marketability of all United States Railroad Bonds, which we have been making for the last ten years, and a comparative study made over again every day of the prices and yields of all of them. Neither we nor our representatives buy seasoned railroad bonds for our own account, and we have none to sell. Our compensation is a definite charge which we make for rendering reports and for our recom mendations. The above service applies to seasoned railroad bonds. Like other bond houses, we participate in underwritings of new issues of railroad bonds and offer them for sale. BROOKE, STOKES & CO. Members Philadelphia Stock Exchange 15th and Walnut Streets Philadelphia 300 North Charles St. 734 Fifteenth St., N. W. Baltimore, Md. Washington, D. C. J uly, 1923.] 3 RAILW AY EARNINGS GENERAL INDEX TO ROADS APPEARING IN THIS SECTION. Name— Page. Name— Page. Akron Canton & Youngstown_________ 4 Elgin Joliet & Eastern__________________ 6 Erie____________________________________ 7 Alabama & Vicksburg__________ ______ 4 Alabama Great Southern. See S outhern.il Evansville Indianapolis & Terre Haute. 7 Florida East Coast______________________7 Ann Arbor____________________________ 4 Arizona Eastern. See Southern Pacific. 12 Fonda Johnstown & Gloversville_______ 14 Fort Smith & WTestern__________________ 7 Atchison Topeka & Santa F e__________ 4 Atlanta & West Point_________________ 4 Fort Worth & Den.City. See Col.&Sou. 6 Atlanta Birmingham & Atlantic_______ 4 Ft. Worth & Rio Gr. See St. L.-S. F _ .l l Atlantic & St. Law. See Grd. Trk. Sys. 7 Galv. Harrisb. & San Ant. See Sou.Pac_12 Galveston W'harf_______________________ 7 Atlantic C ity __________________________4 Georgia________________________________ 7 Atlantic Coast Line_________ _____ ____ 4 Atlantic Steamship Lines. See So. Pac_12 Georgia & Florida______________________ 7 Baltimore & Ohio_____________________ 4 Georgia Southern & Fla. See Southern. 12 Grand Rapids & Ind. Now incl. in Penn.10 Baltimore & Ohio Chicago Terminal__ 4 Baltimore Ches. & Atlantic. See Penn. 10 Grand Trunk System___________________ 7 Bangor & Aroostook___________________ 4 Grand Trunk Western__________________ 7 Beau. Sour L.&W . SeeN.Or1.T ex.&Mex. 9 Great Northern_________________________7 Bellefonte Central_____________________14 Green Bay & Western__________________ 7 7 Belt Railway of Chicago________________ 4 Gulf & Ship Island______ _______ Bessemer & Lake Erie___________ 4 Gulf Colo. & Santa Fe. See Atchison. _ 4 Bingham & Garfield_____________________5 Gulf Mobile & Northern________________ 7 Boston & Maine________________________ 5 Hocking Valley_________________________ 7 Brooklyn Eastern District Terminal____5 Houston & Texas Cent. See Sou. P a c ..12 Buffalo & Susquehanna. 2_______________ 5 Houston East & West Tex. See So. Pac.12 Buffalo Rochester & Pittsburgh_________ 5 Illinois Central System_________________ 8 Canadian Pacific______________________ 14 Illinois Central_________________________ 8 Carolina Clinchfield & Ohio______ ______ 5 Indiana Harbor Belt. See N . Y . Central. 10 Central New England__________________ 5 International & Great Northern_______ 7 Central of Georgia______________________ 5 International R y. Co. of M aine________ 7 Central R R . of New Jersey_____________5 Kanawha&M ich. Now incl.in'N.Y.Cent. 9 Central Vermont_________________ 5 Kansas City Mexico & Orient RR______ 8 Charleston & West Carolina____________5 Kan. City M ex. & Orient R y. Co. of Tex. 8 Chesapeake & Ohio Lines_______________ 5 Kansas City Southern__________ 8 and 14 Chicago & A lton________________________5 Kansas Oklahoma & Gulf_______________ 8 Chicago & Eastern Illinois______________ 5 Lake Erie & Western. Now included in Chicago & Erie. See Erie______________ 7 New York Chicago & St. Louis______9 Chicago & North W estern..................... 5 Lake Superior & Ishpeming_____________ 8 Chicago Burlington & Quincy___________5 Lake Terminal_________________________ 8 Lehigh & Hudson River ____________ 8 Chicago Detroit & Canada Grand Trunk Junction. See Grand Trunk System. 7 Lehigh & New England_______________ 8 Chicago Great Western_________________ 5 Lehigh Valley__________________________ 8 Chicago Indianapolis & Louisville______ 5 Long Island. See Pennsylvania_______ 10 Chicago Junct. See Chic. River & In d. 5 Los Angeles & Salt Lake_______________ 8 Chicago Milwaukee & St. Paul_________ 5 Louisiana & Arkansas__________________ 8 Chicago Peoria & St. Louis R R _________ 5 Louisiana Railway & Navigation C o____8 Chicago River & Indiana_______________ 5 Louisiana Western. See Southern Pac. 12 Chicago Rock Island & G ulf____________ 6 Louisville & Nashville__________________ 8 Chicago Rock Island & Pacific__________6 Louisville Henderson & St. Louis______ 8 Chicago St. Paul Minn. & Omaha_____ 6 Maine Central__________________________8 Chic.TerreHaute&Sou. SeeC.M.&St.P. 5 Maryland Delaw. & Virginia. See Penn.10 Cincinnati Indianapolis & Western_____6 Michigan Central. See N . Y . C entral..10 Cine. Leb. & Nor. Now incl. in Penn. .10 Midland Valley_________________________8 Cine. New Orl. & Texas Pac. See South. 11 Minneapolis & St. Louis________________ 8 Cincinnati Northern. See N . Y . Central. 9 Minneapolis St. Paul & S. S. M ________ 9 Minneapolis St. P. & S. S. M . R y. C o. 14 Cleve. Cine. Chic. & St. L . <SeeN .Y.C . 9 Mississippi Central_____________________ 9 Coal & Coke. See Baltimore & Ohio___ 4 Colorado & Southern______________________ 6 Missouri & North Arkansas_____________ 9 Columbus & Greenville. See M o b . & O . 9 Missouri Kansas & Texas, including Cumberland V al. & Martinsburg. Now Wichita Falls & Northwestern. .9 and 14 included in Pennsylvania______________10 Missouri Kansas & Texas R y. of Texas 9 Missouri Pacific______ _____ 9 Delaware & H udson_______________________ 6 Mobile & Ohio_________________________ 9 Delaware Lackawanna & W estern________ 6 Monongahela. See Pennsylvania______ 10 Denver & Rio Grande_____________________ 6 Monongahela Connecting_______________ 9 Denver & Salt Lake_______________________ 6 M ontour_______________________________ 9 Detroit & M ackinac_______________________ 6 Morgan’s Louisiana & Texas R R . & SS. Detroit & Toledo Shore Line_____________ 6 Co. See Southern Pacific___________ 12 D et. G r. H a v . & M il. See Gr. T r. S y s. _ 7 Nashville Chattanooga & St. L ouis.__ 9 Detroit Toledo & Ironton_________________ 6 Nevada Nor them................ 9 Duluth & Iron R ange_____________________ 6 Newburgh & South Shore_______________ 9 Duluth Missabe & Northern_____ ________6 New Jersey & New York. See Erie____7 Duluth South Shore & Atlantic___________ 6 Duluth Winnipeg & Pacific_______________ 6 New Orleans & North East. See South.12 New Orleans Great Northern.....................9 East S t. Louis Connecting________________ 6 New Orleans Texas & M exico___________9 El Paso & Southwestern___________________7 Name— Page. New York Central______________________9 New York Chicago & St. Louis________ 9 New York Connecting____________ ____ 10 New York New Haven & Hartford_____10 New York Ontario & Western__________10 N . Y . Phila. & N orf. Now incl. in Penn.10 New York Susquehanna & Western____10 Norfolk & Western_____________________10 Norfolk Southern______________________ 10 N or them Alabama. See Sou them _____12 Northern Pacific__________________ 10 Northwestern Pacific__________________ 10 Oregon Short Line. See Union Pacifie__13 Oregon-Wash. R R . & Nav. See Un.Pac.13 Panhandle & Santa Fe. See Atchison. . 4 Pennsylvania Railroad and Co___10 and 14 Peoria & Pekin Union_________________ 10 Pere Marquette_______________________ 11 Perkiomen_____________________________ 10 Philadelphia & Reading R y ___________ 11 Pittsburgh & L . E . See N . Y . Central. .10 Pitts. C. C. & St. L. Now ind. in Penn.10 Pittsburgh Shawmut & N orthern._____11 Pittsburgh & Shawmut________________ 11 Pittsburgh & West Virginia____________ 11 Port Reading__________________________ 11 Quincy Omaha & Kansas C ity__________11 Richmond Fredericksburg & P otom ac..11 Rutland_______________________________ 11 St. Joseph & Grand Isl. See Union P ac.13 St. Louis-San Francisco________ 11 and 14 St. L. Brownsv.&Mex. 8eeN.O.T.&M_ 9 St. Louis Merchants Bridge & Terminal. See Terminal Association of St. Louis. 12 St. Louis San Francisco & Texas. See St. Louis-San Francisco_____________ 11 St. Louis Southwestern________ 11 and 14 St.Louis S.W .R y.ofT ex. «SeeSt.L.&S.W.ll St. Louis Transfer_____________________ 11 San Antonio & Aransas Pass___________ 11 San Antonio Uvalde & Gulf____________ 11 Seaboard Air Line_____________________11 11 Southern Railway_______ Southern Pacific________________ 12 andl4 South. Ry. in Miss. See Col. & Greenv. 9 Spokane International_________________ 12 Spokane Portland & Seattle____________ 12 Staten Island Rapid Transit___________ 12 Tennessee Central_____________________ 12 Terminal Railroad Assn, of St. Louis__ 12 Texarkana & Ft. Smith. See Kan. C. So. 8 Texas & New Orleans. See So. P ac____12 Texas & Pacific________________________12 Toledo & Ohio Central. Now included in New York Central________________ 9 Toledo Peoria & Western. See Penn__ 10 Toledo St. Louis & Western__ ____ ____ 12 Trinity & Brazos Val. See Col. & South. 6 Ulster & Delaware________________ _____ 12 Union R R . (of Pennsylvania)__ _______13 Union Pacific__________________ 13 and 14 Utah__________________________________ 13 Vicksburg Shreveport & Pacific________ 13 Virginian________________________?~Jj 1.13 Wabash_______________________________ 13 West Jersey & Seashore. See Penn____10 Western M aryland______________ _v 13 Western Pacific________________________13 Western Railway of Alabama___ ______13 Wheeling & Lake Erie_____ , ___________ 13 Wichita Falls & Northw. See M . K . & T . 9 Wichita Valley. See Colo. & Southern. 6 Wisconsin Central.__________ .14 Yazoo & Miss. Val. See Illinois C en t.. 8 4 [V ol. 117. RAILW AY EARNINGS REVENUE RETURNS OF United States Railroads F O R MAY A N D F O R T H E FIVE M O N T H S E N D I N G W I T H M AY. In the following we furnish [detailed figures of earnings and expenses for May 1923, as compared with May 1922, and also for the five months ending with May in the two years of every steam railroad in the United States which is obliged to file monthly returns of earnings and expenses with the Inter-State Commerce Commission at Washington. It should be understood, however, that the Inter-State Commerce Commission now requires monthly reports only from roads whose gross railway operating revenues exceed $1,000,000 per annum. Prior to the taking over of the roads by the Government, or, to be strictly accurate, prior to the call for the March 1918 reports, monthly returns were required from all carriers having railway operating revenues in excess of $100,000 per annum. In the closing page of this publication— page 14— we also give the Company returns where these differ in any way from the Commerce Commission returns or embrace more facts than are contained in the latter. Akron Canton E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., incl. other rev. Expenses— M a in t. way M aint. o f eaulpm ’t . T raffic expenses___ Transportation exp . T o t .e x p i n c l . o t h . N et from railroad____ T axes____ ____________ Uncollectible revenue. N et after taxes, & c. N et after rents______ A ver, miles o f r ’d oper. ------- Month o f 1923. $ 245,531 879 253,832 40,745 19,958 10,496 68,247 148,660 105,172 14,300 31 90,841 61,597 170 & Youngstown Man------- — Jan. 1 to M ay 31— -------Month o f 1922. 1923. 1922. 1923. S S 9 $ 829,545 443,187 190,527 1,033,646 7,112 35,629 1,325 4,487 872,766 500,520 199,626 1,087,581 85,024 21,376 156,914 61,471 90,892 16,710 105,048 96,437 27,553 9,379 6,465 40,290 53,129 317,933 229,200 185,185 475,634 106,759 373,581 656,227 397,132 126,939 92,867 431,354 47,000 22,440 11,000 69,850 87 13 271 361,233 350,045 104,486 81,867 60,294 49,562 245,096 229,275 170 293 170 170 Ann Arbor Mau— — 1922. 9 373,103 37,765 428,491 47,855 82,535 10,362 167,657 321,541 106,950 22,800 84,150 60,967 293 — Jan. 1 to 1923. S 1,754,965 188,602 2,033,375 234,788 542,373 44,446 975,789 1,863,295 176,080 112,200 99 57,781 — 132,261 293 1 Baltimore & Ohio Includes C oal & C oke May 31— 1 -------Month o f M ay— — — Jan. 1 to M ay 31— 1922. 1922. 1923. 1923. 1993. S 1,701,946 19,649,633 13,387,564 89,495,436 65,454,980 2 04,222; 2,453,292 2,180,939 11,285,511 10,460,982 1,977,990 23,609,843 16,861,752 07281,844 81,098,644 224,622; 2,190,375 1,900,791 10,672,429 9,803,328 334,153| 6,860,134 4,009,596 26,832,655 18,037,858 47,293' 325,708 299,066 1,580,346 1,477,280 887,136 8,015,781 6,303,847 40,130,988 31,494,643 1,558,135; 18,023,885 13,144,894 82,235,416 63,922,017 419,855! 5,585,958 3,716,858 25,046,428 17,176,627 103,200, 818,370 729,651 4,112,333 3,519,633 29,104 42,799 125, 8,506 3,154 316,530' 4,759,082 2,984,053 20,891,296 13,627,890 205,592 4,297,175 2,504,487 18,821,318 11,913,963 5,235 5,212 293 5,212 5,235 B & O Chicago Terminal & Vicksburg Atlanta & West Point M ay------- — Jan. 1 to M ay 31— — — Month o f M ay------- — Jan. 1 to M ay 31— ------- Month of M ay------- — Jan. 1 to M ay 31— 1922. 1923. 1922. 1923. 1922. 1993. 1923. 1922. 1922. 1922. 1923. 9 S % 8 9 9 S S 8 S % 476,752 217,419 1 019,097 937,512 134,725 107,435 206,100 73,908 333,284 57,341 280,991 268,736 69,032 368,792 237,168 939,869 270,654 1,543,553 1,187,211 292,191 1,401,855 1,294,006 206,079 1,206,646 328,286 166,841 135,921 34,152 23,944 184,412 113,923 57,158 211,853 225,231 54,900 46,587 157,645 203,340 34,926 262,102 45,223 189,111 209,685 46,542 30,865 60,498 252,995 9,787 9,803 10,218 38,453 2,014 8,847 46,510 43,472 7,979 46,322 1,365 675,790 906,393 88,329 469,332 377,750 135,580 89,634 498,507 81,946 421,246 175,600 182,726 916,914 808,126 292,002 227,798 1,324,806 1.079,861 229,328 1,089,147 1,059,204 173,118 107,350 54,442 218,747 234,802 131,743 36,284 42,856 62,863 312,708 32,961 289,732 230,902 209,885 22,434 9,408 48,397 141.322 104,838 10,007 73,168 40,479 51,397 307 14 115 517 85 676 141 447 67 0327 45,020 82,829 — 8,541 8,747 — 123,859 40,344 129,823 — 3,868 170,710 22,507 216,497 469,411 216,970 39,036 101,406 41,129 147,929 15,289 172,199 45,195 46,736 214,658 91 93 83 141 141 93 93 91 141 93 83 Alabama E A R N IN G S . Passenger revenue___ T o t ., incl. other rev. Expenses— M aint .way M aint. o f eaulpm ’t . T raffic expenses___ Transportation exp . T ot.ex p .,in cl.eth . N et from railroad____ T axes________________ U ncollectible revenue. N et after taxes, & c. N et after rents______ A ver, miles o f r'd oper. E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., incl. other rev. Expenses— M aint .way M aint. o f eciuipm 't. T raffic expenses___ Transportation exp. T ot.ex p. .incl.oth. Net from r a i l r o a d -... T axes________________ Uncollectible revenue. N et after taxes, A c . Ne* after rents______ Av” . miles of r'd oper. ------- Month o f 1923. S 196,770 62,565 280,133 52,408 47,289 9,635 86,591 210,146 69,987 34,709 35 35,243 41,564 141 Bangor & Aroostook Atchison Top & Santa Fe System Atlanta Birmingham & Atlantic -------Month o f May------- — Jan. 1 to M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31— Atchison Topeka & Santa Fe 1922 . ------- Month o f May------- — Jan. 1 to May 31— 1923. 1922. 1922. 19 S3. 1922. 1923. 1923. 1923. 1922. 1923. 1022. 9 S S 9 9 S s 301,857 11,432,859 10,216,987 55,483,445 45,395,108 268,251 1,612,048 1,248,703 729,449 2,506,495 3,430,656 503,039 381,978 43,529 389,596 32,093 216,316 155,741 67,723 3,870,305 3,514,489 17,974,063 16,571,095 71,608 371,076 330,541 1,952,596 1,530,329 16,760,865 15,073,948 80,290,063 67,877,744 602,821 821,001 3,014,264 3,925,715 563,775 595,123 70,376 338,124 291,266 143,833 2,718,446 3,358,063 9,664,444 11,611,666 63,505 115,901 596,688 617,937 90,349 130,769 89,407 445,609 441,377 105,930 3,822,286 3,462,904 19,172,308 17,315,657 22,963 20,865 20,541 4,709 22,731 109,003 106,319 295,665 275,645 1,446,170 1,307,623 4,503 969,402 1,034,226 197,988 195,784 5,192,930 4,665,260 25,945,511 22,669,892 154,293 1,007,652 782,223 169,303 394,329 345,939 1,975,992 1,701,007 417,212 495,537 2,282,296 2.332,985 12,325,686 12,100,704 57,658,248 54,559,477 732,468 1,592,730 325,464 — 23,253 — 15,398 — 23,396 — 170,678 185,609 4,435,179 2,973,244 22,631,815 13,318,267 300,290 12,608 64,006 228,545 0 7 ,1 0 5 63,119 69,388 50,858 1,140,131 1,074,248 6,144,964 5,132,042 613 92 443 268 1,420 285 3,569 5,177 18 2,230 29,463 25,025 — 35,953 503,480 1,291,827 — 8,578 — 90,084 — 245,243 261,190 3,293,628 1,896,766 16,457,388 8,161,200 134,733 — 35,120 — 14,923 — 132,369 — 307,133 734,605 1,296,440 3,491,363 2,025,978 17,591,254 8,796,847 166,819 265,100 639 616 625 639 639 639 616 625 8,947 8,855 8,945 8,857 E A R N IN G S . Freight revenue______ Passenger revenue___ T ot.. Incl. other rev. Expenses— Maint.way Maint. of equlpm’t . Traffic expenses___ Transportation exp. Tot.exp.,lnd.oth. lfet from railroad____ f i x e s _________ ___. . . Uncollectible revenue. Net after taxee. Ae_ Net after rente______ Aver, miles of r'd oper. E A R N IN G S . Freight revenue____ _ _ Passenger revenue___ T o t.. incl. other rev. Expenses— Maint. way Maint. of eqnlpm't. Traffic expenses___ Transportation exp. Tot.uxp. .lad.eth. Net from railroad____ T axes________________ 17 ncollectible revenue. Net after taxes, A c . Net after rente____ _ Aver ml»e * etr'd spar. G u lf Colorado A Santa Fe ------- Month o f M ay------- — Jan. 1 to M ay 31— ------- Month o f 1923. 1923. 1922. 1922. 1923. 9 S S it S 123,444 1.391,761 1,189,555 6,914,874 6,021,915 204,335 340.294 329,637 1,570,563 1,474,203 343,212 1,874,596 1,653,075 9,107,326 8,101,558 73,824 474,391 392,847 1,915,987 2,012,614 44,276 514,051 441,280 2,403,938 2,286,483 6,720 47,788 45,647 225,563 209,064 192,370 598,961 3,228,911 2,908,242 654,570 321,334 1,750,177 1,544,632 8,081,971 7,758,909 21,878 124,419 108,443 1,025,355 342,649 21,614 85,598 80,635 401,731 317,119 323 261 5,074 485 4,287 — 59 43,523 22,360 619.337 20,456 — 36,660 — 12,726 — 43,785 359,510 — 302,086 170 1,908 1,907 1,908 1,907 Panhandle A Santa Fe ------- Month o f M ay------ ------Jan. 1 to 1923. 1923. 1922. S s S 489,558 446,043 2,359,932 110.194 537,044 115,605 599,999 3,082,442 639,740 110,788 199,133 460,840 216,132 230,146 1,028,667 7,870 7,871 39,482 214,288 203,330 1,029,073 566.399 659.924 2,645,129 73,341 — 59,925 437,313 28,736 22,814 131.413 C r?, 006 53 1,064 44,552 82,733 304,836 14,579 — 116,251 166,282 858 858 857 Atlantic City M ay------- — Jan. 1 to 1922. 1923. 9 9 129,057 601,747 225,874 746,202 363,596 1,413,629 52,413 284,866 42,788 187,734 3,781 25,290 193,990 1,007,706 297,239 1,526,129 66,357 — 112,500 19,351 99,944 326 47,006 — 212,770 — 4,898 — 369,455 176 170 Belt Bailway of Chicago M ay 31— ------- Month o f 1923. 1923. S S 583,124 784,477 622,383 1,407,375 270,809 74,171 62,909 132,487 2,386 19,562 248,148 902,755 398,105 1,345,138 224,278 62,237 34,949 98,782 3,139 189,329 — 39,684 155,055 — 161,146 32 176 Atlantic Coast Line M ay------- — Jan. 1 to M ay 31— 1998. 1922. 1922. S s t 482,697 52,509 48,750 2,131 198,130 310.845 171,852 33,378 3,018,988 251,301 302,839 11,561 1,378,626 1,994,572 1,024,416 199,626 2,388,946 200,109 263,795 9,612 1,060,328 1,583,345 805,601 178,910 138,474 134,664 32 824,790 742,614 32 626,691 697,027 32 Bessemer ft Lake Erie May 31— ------- Month o f May------- — Jan. 1 to M ay 31— ------- Month o f M ay------- — Jan. 1 to 1923. 1922. 1982. 1929. 1923. 1922. 1M 3. 9 S * • I f S C 5,322,455 4,728,003 25.954,117 21,698,454 533,232 6,279,044 2,193,122 1,892,058 1,266,275 1,128,786 8,530,232 7,364,794 25,514 26,610 146,597 511.508 583,841 6,579,982 1,960,378 2,896,345 7,144,544 6,386,035 37,156,217 31,524,544 917,506 768,537 3,966,292 3,429,430 136,056 159,305 493,520 709,668 1,486,998 1,250,936 6,995,003 5,770,003 279,064 2,112,680 456,777 1,009,569 115,715 102,453 566,179 14,684 79,142 21,108 33,558 549,311 230,670 1,955,338 438,526 1.019,490 2,476,699 2,129,773 12,790,790 11,024,464 5,183,428 4,410,457 25,264,283 21,650,887 1,070,482 712,977 4,773,948 2,862,780 1,961,116 1,975,578 11,891,934 9,873,657 889,896 — 129,136 1,806,034 33,565 375,000 275,000 1,825,000 1.325.00C 36,243 32,700 288,523 114,067 1,245 0 2 ,6 8 4 4,460 1 11,621 48 67 453 1,584,871 1,203,262 10,062,474 8,537,036 853,605 — 161,837 1,517,444 — 80,955 1,453,681 1,537,558 929,806 — 129,96E 9,385,875 2,488,442 — 239,560 7,889,105 4,859 4,848 4,859 228 225 857 4,849 228 M ay 31— 1922. 3,028,777 150,376 3,272,981 503,421 1,400,808 76,825 1,229,351 3,361,494 — 88,513 163,500 231 — 252,244 — 96,838 225 •Ju l y , 1923.] 5 RAILW AY EARNINGS Bingham & Garfield Central New England -— Month o f M ay---------- Jan. 1 to M ay 31-------Month o f 1923. 1922. 1923. 1922. 1923. $ S $ S 37,230 15,710 686,301 58,545 174,511 6 13,929 15 38,901 698,241 15,971 58,755 182,031 10,032 132,326 14,619 86,521 30,872 4,208 170,516 17,667 4,178 22,974 1,333 1,291 6,393 4,580 6,888 10,217 226,760 4,194 2 2 ,253 44,742 541,311 29,645 125,174 28,394 154,380 97256 156,930 — 12,423 56,857 —95,625 7,138 36,630 4,239 22,646 26,823 ___323 14 __ 350 _ 1,795 -16,662 134,270 19,877 — 122,448 -1,572 137778 87,829 79,584 — 79,997 34 34 34 295 34 E A R N IN G S . Freight revenue______ Passenger revenue___ T o t., incl. other rev. Expenses— M aint.w ay M aint. o f eq u ip m 'tTraffic expenses___ Transportation e xp . T ot.ex p .,in cl.oth . Net from railroad____ T axes________________ Uncollectible revenue. N et after taxes, &c_ Net after rents______ Aver, miles o f r ’d oper. B oston & Maine M ay— — 1922. % 484,591 16,550 523,019 160,118 86,182 4,106 163,504 424,681 98,338 24,964 6 73,368 44,983 295 1 Central R ailroad o f New Jersey C hicago B urlin gton & Q uincy -------Month o f M ay------- — Jan. 1 to M ay 31—1923. 1922. 1922. 1923. $ * 3 $ 10,196,261 9,003,917 53,940,641 45,625,522 2,156,156 2,187,488 10,539,561 10,391,377 13,704,092 12,401,625 71,225,395 61,551,197 2,464,901 1,919,171 7,946,680 7,350,329 3,373,476 2,292,656 16,571,898 13,194,339 274,690 204,554 1,090,770 902,612 5,129,430 4,287,085 27,625,607 22,906,156 11,678,032 9,105,585 55,511,971 46,518,023 2,026,060 ‘“ 3,296/040 15,713,424 15,033,174 922,558 932,700 4,612,688 4,596,423 5,889 6,587 31,325 12,039 1,097,613 2,356,753 11,069,411 10,424,712 1,036,762 2,231,975 10,322,188 9,883,033 9,402 9,393 9,393 9,395 Central Vermont Chicago Great Western ------ Month o f M ay------------- Jan. 1 to M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31— 1923. 1923. 1922. 1923. 1922. 1922. 1922. 1923. S5 * S $ Freight revenue______ 5,242,446 4,095,832 22,091,071 19,624,247 4,027,068 2,403,397 18,593,556 15,128,785! Passenger revenue___ 737,062 755,840 3,426,347 3,352,127 1,712,015 1,726,320 9,050,729 8,521,008 T o t., incl. other rev. 7,881,681 6,547,734 35,182,163 31,381,200 5,086,748 3,429,173 23,438,664 19,756,575 Expenses— M aint.w ay 435,351 484,994 2,125,529 2,013,481 974,882 1,079,605 5,069,629 4,644,102 M aint. o f equipm ’t . 1,446,223 1,007,157 6,208,436 5,559,745 1,598,875 1,210,453 8,116,481 6,029,299 T raffic expenses___ 39,230 46,001 61,907 70,807 266,708 281,070 174,404 195,087 Transportation e xp . 3,481,344 2,810,218 18,256,350 14,805,621 2,043,524 1,547,967 10,495,479 8,127,780 T ot. exp.,incl .oth. 6/152,023 5,417^360 32,885,699 27 ,005,888 4,094,171 3,209,056 19,643,534 16,479,511 N et from railroad____ 1,529,658 1,130,374 "2 ,2 9 6 ,4 6 7 M ,375/312 992,577 220,117 3,7957130 "3,277,064 240,429 316,748 226,852 1,189,293 260,110 1,504,409 1,298,981 928,262 U ncollectible revenue. 1 789 141 825 100 1,514 1,773 1,083 N et after taxes, & c. 675,040 — 40,134 2,288,948 1,977,000 1,289,228 902,697 1,107,071 3,445,536 N et after rents______ 584,140 756,143 — 93,532 1,928,598 1,794,240 597,360 1/722,310 2,175,222 Aver, miles o f r ’d oper. 694 691 2,286 2,286 2,286 2,286 694 691 E A R N IN G S . •8 S S 8 Brooklyn Eastern District Term’l E A R N IN G S . Freight revenue______ Passenger revenue___ T o t., incl. other rev. Expenses— M aint.w ay M aint. o f equipm ’t . T ra ffic expenses___ Transportation e xp . T ot.ex p ..in cl.oth . N et from railroad____ T axes________________ Uncollectible revenue. N et after taxes, & c. N et after rents---------A ver, miles o f r ’d eper. Chicago & North Western — Jan. 1 to M ay 31— —■— •Month o f M ay------- — Jan. 1 to M ay 31— 1922. 1923. 1922. 1922. 1923. 1923. 8 $ $ $ 8 $ 2,716,568 2,808,345! 9,841,289 8,178,811 45,830,123 36,671,403 99,212 2,353,093 2,336,928 11,557,632 11,495 005 84,201 2,921,697 3,052,572 13,787,108 11,758,933 63,841,582 53,995,307 483,482 523,250 2,263,537 2,070,466 7,578,398 6,633,015 429,357! 3,357,413 2,452,001 16,143,104 11,909,276 670,042 722,192 20,895; 154,590 22,316 126,935 822,615 1,236,392 l,0 1 4 ,9 6 0 i 5,560,233 4,851,663 28,601,797 25,045,837 2,464,702 2,047,668 11,714,102 9,893,580 55,091,727 46,200,922 456,995 ' 1,004,904 2,073,006 1,865,353 8,749,855 7,794,385 113,610 750,000 730,000 3,750,000 3,650,000 118,295 85 2,107 1,382 15,861 14,566 75 891,2091 1,320,899 1,133,971 4,983,994 4,129,819 338,625 643,5671 1,049,981 1,218,966 3,738,362 3,942,072 — 57,095 8,462 295l 8,402 8,402 295 8,462 ------- Month o f May-------------Jan. 1 to M ay 31— ------- Month o f 1923. 1922. 1923. 1922. 1923. S * 8 * 8 646,000 126,493 123,213 679,386 632,093 101,000 137,168 837,761 129,672 727,844 669,697 4,564 4,021 102,854 26,072 24,699 15,963 122,821 19,780 70,476 99,594 529 150 15,389 1,958 807 390,402 51,952 46,847 253,227 249,945 78,540 399,512 653,895 75,248 378,452 58,628 183,866 54,424" ' 349,392 270,185 8,498 20,985 6,588 49,620 31,984 57 50,130 162,824 47,836 299,772 238,201! 52,010 114,839 47,836 301,812 2387201 9 533 9 9 9 May------1922. 8 463,758 83,025 613,360 122,830 74,255 11,103 281,517 510,096 103,264 17,570 677 85,017 59,359 532 — Jan. 1 to 1923. 8 2,740,250 526,811 3,614,300 408,102 640,051 64,871 2,087,670 3,309,674 304,626 102,951 216 201,459 — 132,355 533 M ay 31— — — Month o f M ay------1923. 1922. 1922. 8 $ $ 1,660,674 1,470,537 2,047,286 320,161 474,652 337,037 2,186,673 1,978,569 2,794,621 411,876 374,461 405,937 445,385 466,169 495,948 67,095 60,934 61,702 879,644 1,476,601 811,711 1,870,251 1,818,874 2,543,731 316,422 250,890 159,695 78,072 87,850 78,498 139 804 60 238,211 162,236 81,137 149,122 18,824 — 54,210 1,496 532 1,496 — Jan. 1 to M ay 31— 1922. 1923. * 7,997,479 1,692,953 10,554,084 1,287,641 2,370,303 324,255 4,609,759 8,927,759 1,626,325 397,798 779 1,227,748 732,967 1,498 S 6,713,809 1,689,451 9,284,854 1,222,427 2,333,797 316,758 4,149,724 8,375,013 909,841 409,942 1,107 498,792 — 134,522 1,496 Buffalo & Susquehanna BE. Corp Charleston & Western Carolina Chicago Indianapolis & Louisville -Month o f May E A R N IN G S . Freight revenue---------Passenger revenue___ T o t ., incl. other rev. Expenses— M aint.w ay M aint. o f equipm ’t . T ra ffic expenses___ Transportation e xp . T o t.e x p . ,incl ,« t h . N et from railroad____ T axes________________ U ncollectible revenue. N et after taxes, A c . Net after rents---------Aver, miles o f r ’d oper. 217,243 40,767 70,283 1,840 63,475 185,070 32,173 12,850 19,323 72,405 253 ------- Month o f — Jan. 1 to M ay 311923. 1922. S S 275,370 609,299 35,933 32,342 328,242 60,098 1,191,523 663,125 51,477 33,257 152,276! 182,281 51,918 27,500 204,909 384,821 6,914 1,861 10,346 10,747 139,143 29,683 237,591 380,767 256,497 101,772 1,001,118 650,612 71,745 — 41,674 190,405 12,513 16,000 3,250 67,150 16,250 1 37 55,745 — 44,924 123,254 — 3,774 41,811 — 36,110 342 253 Rochester & Pittsburgh . 1 to M ay 31— 1922. S 768 5,096,933 438 660,375 E A R N IN G S . Freight revenue---------Passenger revenue___ T o t ., incl. other rev. E xpenses— M aln t .way M aint. o f eq u ip m 't. T raffic expenses— Transportation e xp . T ot.ex p.,in cl.oth . N et from railroad------ 911 5,351,659 87^ ' 645,591 000 175,000 298 4,252 466,339 U ncollectible revenue. N et after taxes, A c . N et after rents---------Aver, miles o f r ’d oper. Carolina Clinchfield & Ohio -— Month o f May-------- — Jan. 1 to 1623. 1822. 1923. S $ 5 800,995 619,662 3,626,553 47,419 40,457 210,533 863,716 671,786 3,907,279 88,720 86,587 345,177 274,312 162,117 1,081,606 26,353 26,323 125,552 240,224 146,527 1,132,256 648,082 439/763 2,778,258 215,634 232,023 1,129,021 50,000 40,000 250,000 224 117 698 165/410 191,906 878,323 254,565 288,057 1,149,092 309 295 309 E A R N IN G S . Freight revenue---------Passenger revenue----T o t., incl. other rev. Expenses— M aint.w ay M aint. o f eq u ip m ’t . T raffic expenses---Transportation ex p . T ot.ex p .,In cl.oth . Net from railroad-----Taxes________________ U ncoilectibie revenue. N et after taxes, A c . Net after rents............ Aver, miles e f r ’d oper. ------ Month o f M ay1923. 19|2. Freight revenue---------Passenger revenue___ T o t., incl. other rev. Expenses— M aint.w ay M aint. o f eq u ip m 't. T raffic expenses___ Transportation exp . T ot.exp.,inel.oth. N et from railroad____ T axes________________ Uneollectible revenue. N et after taxes, A c . Net after rents--------Aver, miles o f r ’d oper. 1,445,832 439,820 2,107,956 286,274 461,001 76,588 849,702 1,764,834 343,122 90,290 1,541 251,291 262,948 1,920 Chesapeake & Ohio Lines 5,963,410 1,953,034 8,754,902 1,158,705 1,721,789 338,273 3,452,910 7,073,527 1,681,375 416,929 8,343 1,256,103 1,344,697 1,916 Chicago Milwaukee & St. Paul I n c l. C h ic. T e rre H a u te & S o u t h e a s t e r n ------- Month o f M ay------- — Jan. 1 to M ay 31— ! 1923 192*. 1923. 1922. 10,437,890 9,054,033 53,242,293 42,394,571 1,859,726 1,872,315 9,390,199 9,166,438 13,867,496 12,249,791 69,588,068 57,643,221 2,877,846 2,003,616 8,534,646 7,114,326 3,449,973 3,266,189 17,525,625 15,957,315 197,660 183,397 928,636 909,313 5,383,329 4,770,947 29,050,558 25,467,178 12,274,608 10,604,213 57,873,202 51,369,206 1,592,888 1,645,578' 11,714,8677 6,274,015 789,440 798,704 3,947,200 3,993,520 2,020 5,862 9,182 23,796 801,428 841,012 J7Y758^484 2,256,699 318,274 473,318' ' 5,357,033' 402,050 11,010 11,030 11,019 11,030 Chicago & Alton Chicago Peoria & St. Louis — Jan. 1 to M ay 31— 1923. 1922. ■5 $ 9,917,333 8,519,008 2,623,534 2,415,909 13,642,292 11,826,590 1,492,695 1,212,627 3,815,378 3,262,477 291,611 277,800 4,874,113 4,570.277 .10,799,517 9,669,729 2,842,775 2,156,861 424,316 375,068 1,226 1,766 2,417,233 1,780,027 1,864,097 1,065,745 1,050 1,050 Chicago & Eastern Illinois — Jan. 1 to M ay 31 19p. 1922. 1,264,868 7,789,074 2,275,529 392,574 1,859,850 11,105,017 273,937 1,358,738 375,591 2,197,722 73,572 352,173 694,631 4,337,518 1,500,094 8,687,984 359,756 2,417,033 79,967 524,710 872 5,302 278,917 1,887,021 296,429 1,861,691 1,920 1,920 M ay 31—■ —-----Month o f M ay— — — Jan. 1 to M ay 31— 1923. 1921. 1922. 1923. 1922. 8 % 8 8 8 1,135,252 936,767 5,552,892 4,578,235 1,202,229 317,818 288,392 1,309,135 1,264,750 179,495 1,613,633 1,332,925 7,570,129 6,399,265 1,452,751 173,085 227,582 160,956 703,835 667,098 346,520 189,509 311,903 1,666,957 1,427,901 35,861 33,452 29,674 165,783 159,828 542,066 479,439 2,803,947 2,356,078 584,985 1,148,746 1,028,187 5,588,370 4,851,022 1,068,171 464,887 384,580 324,738 1,981,759 1,548,243 86,926 55,000 64,433 384,721 312,501 86 42 615 334 478 377,875 328,965 260,263 1,596,704 1,235,264 225,526 281,052 160,335 895,704" * 725,916 657 342 654 657 654 ------ Month o f M ay-------- — Jan. 1 to M ay 31— 1923. 1922. 1923. 1922. $ 8 $ S 7,518,062 6,416,481 33,230,100 29,782,264 960,538 904,891 4,345,225 3,929,841 8,929,615 7,657,318 39,614,834 35,302,745 1,060,237 949,940 4,546,387 3,958,179 2,517,108 2,042,837 11,002,535 9,132,316 86,933 78,774 418,953 375,423 2,788,211 2,620,066 13,701,744 12,715,397 6,666,828 5,879,217 30,721,798 27,081,649 2,262,78'7 1,778,101 8,893,036' 8,221,096 303,740 267,500 1,518,700 1,337,500 1,684 1,849 16,221 5,367 1,957,363 1,508,752 7,358,115 6,878,229 1,983,764 1,573,436 7,624,252' 7,192,118 2,552 2,547 2,552 2,547 M ay 31 -------Month o f M ay------1923. 1982. 1922. 3 $ $ 1,962,469 1,386,271 2,928,734 569,297 533,934 180,559 3,164,035 2,761,284 2,136,783 380,201 389,849 379,294 764,367 687,025 744,372 58,882 56,222 117,610 928,609 830,995 800,807 2,127,983 2,191,301 2,021,208 569,983 115,575 1,036,052 78,199 85,461 200,000 46 128 468 484,476 37,248 835,584 — 73,821 362,763 1,184,500 1,050 1,050 295 Central of Georgia E A R N IN G S . M ay------- — Jan. 1 to 1922. 1923. • 8 250,535 1,461,228 36,845 173,395 305,538 1,708,012 54,151 237,516 36,283 225,207 6,287 34,821 110,659 691,284 214,517 1,222,450 91,021 485,562 11,000 60,000 132 178 79,889 425,384 68,118 332,592 342 342 ------- Month o f M ay------- — Jan. 1 to 1922. 1923. 1928. 8 * 8 1,653,534 1,338,345 9,211,556 396,212 364,095 1,922,076 2,229,797 1,848,545 12,019,391 233,371 1,243,591 300,786 510,836 3,683,353 715,952 39,266 43,959 224,888 879,269 805,865 4,756,073 2,027,186 1,660,563 10,316,447 187,98^ 1,702,944 202,611 85,000 120,000 560,000 872 398 4,484 81,739 102,584 1,138,460 49,452 1,574,863 189,824 945 945 945 M ay 31— 1922. $ 7,394,162 1,793,332 9,892,732 1,077,201 2,550,267 209,066 4,065,447 8,290,094 1,602,638 425,000 2,514 1,175,124 1,058,680 945 -M onth o f M ay ■Jan. 1 to M ay 31— — 73,21 3 -181,60 8 24 6 Chicago Ri/er & Indiana I n c lu d e s C h ic a g o J u n o t io n — Month o f M ay-------- — Jan. 1 to M ay 31— 1923. 1922. 1923. 1922. 626,508 64,566 62,778 826 246,598 385,441 241,067 36,870 204,197 287,046 28 No com parison 3,129,066 271,874 354,834 5,263 1,253,402 1,939,539 1,189,527 189,535 999,992 1,410,784 28 No com parison 6 Chicago Rock Island & Gulf ------ -M onth o f M ay------------ -Jan. 1 to M ay 31— * 308,913 66,311 421,461 107,430 70,411 13,572 223,529 435,052 — 13,591 12,238 18 — 25,847 — 35,761 461 Freight revenue______ Passenger revenue___ T o t., incl. other rev. Expenses— M alnt.w ay M alnt. o f e q u ip m 't. T raffic expenses— T ranspo',*,<tlon exp T ot.ex p .,In cl.oth . N et from railroad____ T a xes_________ _______ Unoollectible revenue. N et after taxes, A c . N et after rents______ Aver, miles o f r ’d oper. E A R N IN G S . Freight r e v e n u e _____ Passenger revenue___ T o t ., incl. other rev. Expenses— M aint. way M aint. o f equipm ’t . T raffic expenses___ Transportation e x p . T o t. ex p ., incl. o th . N et from railroad-----T a xes____ -. — U ncollectible revenue. N et after taxes, A c . N et after rents---------A ver, m iles o f r ’d oper. [V ol. 117. RAILW AY EARNINGS S 293,759 77,849 422,592 82,235 79,182 14,296 198,154 388,777 33,815 11.150 Cr212 22,877 5,443 461 S 1,544,942 353,919 2,091,006 406,185 376,672 64,414 1,100,702 2,030,514 60,492 61,193 607 — 1,308 — 62,233 461 f 1,617,325 371,958 2,199,791 294,465 428,718 67,928 1,046,893 1,912.703 287,088 58,750 152 228,186 141,281 461 Colorado 1UB. 81,204 20,423 110,092 19,843 9,009 31 41,843 71,333 38,759 5,638 33,121 22,926 271 & Southern ( C o n c l u d e d ) Detroit Toledo & Ironton ------- Month o f M ay------------- Jan. 1 to M ay 31— W ich ita Valiev in s . 57,639 23,921 88,317 25,684 5,388 54 38,037 70,724 17,593 6,498 2 11,093 1,210 256 is s a . 394,510 92,425 521,012 96,030 59,471 213 203,374 366,018 154,994 29,691 178 125,125 73,921 265 1«2S. 343,962 102,757 481,666 107,398 41,621 254 209,604 363,527 118,139 28,968 79 89,092 41,806 2561 Freight revenue---------Passenger revenue___ T o t ., incl. other rev. Expenses— M aint.w ay M aint. o f eq u ip m 't. T raffic expenses___ Transportation exp . T ot.ex p .,in cl.oth . N et from railroad-----T a xes-------------- -U ncollectible revenue. N et after taxes, A c . N et after rents---------A v e r. miles o f r'd oper. 86^,661 9,239 889,503 133,003 213,539 5,553 265,756 638,182 251,321 14,900 320,337 170,961 454 236,421 106,690 454 S 4,029,006 47,405 4,156,877 511,884 715,042 34,132 1,507,138 2,822,890 1,333,987 62,939 7 1,271,041 643,679 454 S 3,475,204 47,534 3,573,291 454,915 725,787 29,271 1,203,952 2,503,781 1,069,510 73,128 996,382 582,109 454 Delaware & Hudson Chicago Rock Island & Pacific Duluth * Iron Range -------Month o f M ay------- — Jan. 1 to M ay 31-— ------- Month o f May-------- — Jan. 1 to M ay 31— ------- Month o f May------- — Jan. 1 to M ay 31— 1922. 1922. 1922. 1923. 1923. 1922. 1923. 19S2. 1923. 1922. 1923. in s . $ $ & $ S $ $ S s $ s $ 950,818 315,922 1,541,998 7,195,174 6,691,638 35,486,637 31,736,818 3,930,783 1,900,685 15,936,364 L3,707,385 673,945 257,507 247,533 1,447,492 1,331,802 15,284 2,129,588 2,177,864 10,220,649 10,134,864 13,713 98,851 78,912 362,132 1.816,275 10,156,771 9,632,956 49,397,471 45,319,924 4,416,432 2,483,926 18,507,433 16,569,408 1,044,268 859,399 339,068 524,436 1,752,369 2,355,481 141,919 124,868 1,357,422 1,239,370 6,321,310 5,860,822 396,523 323,124 669,142 5,318,075 4,271,632 138,401 952,239 91,776 2,416,777 2,226,231 LI,867,267 10,365,423 641,296 435,489 216,632 867,043 43,978 186,415 1,278 944,310 37,530 1,236 187,808 181,964 5,745 5,638 262,058 124,899 4,193,113 3,905,252 21,737,641 19,846,530 1,631,375 1,093,191 8,381,956 6,552,685 880,687 556,595 563,171 359,244 2,016,107 1,402,505 8,471,257 7,834,633 42,378,515 38,280,608 3,128,873 2,583,487 16,488,501 14,404,754 — 99,561 2,018,932 2,164,652 481,097 2,888 — 199,832 — 543,106 1,685,514 1,798,323 7,018,956 7,039,316 1,287,559 428,450 84,888 424,440 55,307 42,671 85,690 450,952 535,180 2,483,707 2,640,899 127,519 73,765 6,703 1,847 7,145 21 5,070 640 69 2,367 455 243 425,790 — 39,804 — 327,420 — 617,114 1,234,107 1,260,776 4,530,179 4,391,714 1,202,031 — 185,251 1,592,645 1,729,057 426,181 — 35,454 — 328,127 — 608,403 914,187 1,010,909 2,907,299 3,187,957 1,166,967 — 218,780 1,354,685 1,787,173 7,661 886 886 887 279 281 7,661 7,635 887 279 7,635 281 Chicago St. Paul Minn. & Omaha Delaware Lackawanna & Western E A R N IN G S . S 891,110 8,981 917,327 129,399 134,820 8,456 298,853 584,426 332,901 12,564 Duluth Missabe & Northern — Jan. 1 to M ay 31—- ------- Month o f M ay------- — Jan. 1 to M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31— ------- Month o f M ay— 1S22. 1923. 1922. 1922. m 2. 1923. 1922. 1923. 1923. 1983. 1923. 1922. % S 8 S $ $ 9 S % $ • % 521,790 2,710,231 1,569,658 1,574,947 8,219,657 7,406,183 5,839,124 3,617,662 25,683,340 21,539,443 2,189,665 863,216 17,891 37,565 112,603 453,508 464,915 2,470,217 2,432,965 1,089,582 1,126,660 5,356,399 5,236,266 195,968 600,500 3,186,983 1,165,660 2,225,570 2,206,981 11,507,835 10,589,618 7,833,401 5,516,145 35,194,155 30,381,541 2,454,565 216,022 809,576 3,030,575 3,033,692 690,001 250,888 290,050 1,227,409 1,319,555 666,613 375,720 635,015 191,915 126,844 1,002,957 456,024 467,340 2,437,483 2,087,768 1,799,787 1,145,455 9,506,145 6,536,027 659,862 163,124 512,248 549,219 2,834 173,672 113,964 121,967 2,679 31,769 14,436 34,470 15,551 2,550,394 12,949,429 467,949 5,634,674 5,158,677 16,054,110 1,036,061 3,170,685 184,886 1,192,549 985,683 800,534 899,320 586,376 2,985,887 2,217,893 1,982,158 1,856,577 9,863,698 9,136,492 5,986,513 4,836,163 30,139,381 24.112,013 679,982 5,054,774 6,269,528 1,555,245 14,124 350,404 1,644,137 1,453,126 L ,846,888 2 01 ,0 9 6 --1 ,0 5 2,23 3 243,412 138,952 649,927 409,995 326,495 2,049,975 2,232,475 434,607 669,711 179,090 744,337 125,055 399,217 3,059 506 8,771 7,163 15,085 1,984 4,985 1,008 6 969,441 794,428 1,429,730 352,981 2,989.714 4,033,994 1,120,638 — 164,966 - 5 4 3 . 2 4 1 - -1 ,4 5 1,45 6 209,468 117,349 629,472 1,491,641 422,532 3,443,929 4,314,325 1,113,482 — 168,855 — 556,435 1,459,030 113,138 170,677 1,036,751 994 1,749 994 993 1,749 993 305 1,749 309 1,749 305 306 Denver & Rio Grande Duluth South Shore & Atlantic & West. M ay------- — Jan. 1 to M ay 31— -------Month o f M ay------- — Jan. 1 to M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31— 1928. 1922. 1923. 1922. 1923. 1922. 1922. 1922. 1923. 1923. 1922. S S S S S S S $ $ S $ 440,826 282,630 1.616,660 1,333,257 2,023,614 1,831,536 9,571,008 8,975,293 244,317 1,669,558 998,221 185,956 242,043 392,046 399,630 1,913,872 1,854,566 86,051 51,836 83,983 455,480 387,268 570,227 356,479 1,957,844 1,666,827 2,646,542 2,424,366 12,574,114 11,718,984 357,928 2,286,245 1,523,116 211,672 209,621 408,089 1,540,920 1,630,299 75,870 45,309 427,140 97,616 262,807 281,743 642,586 3,970,898 2,470,106 71,919 419,821 377,673 79.189 729,760 72,978 366,219 335,566 240,516 222,169 5,876 55,918 54,560 49,792 47,365 6,111 10.360 31,029 32,609 239,996 852,933 763,208 768,049 4,988,034 4,050,026 149.834 942,069 174,924 1,211,757 918,031 410,760 305,660 1,641,873 1,516,625 2,268,433 1,991,428 11,344,125 8,971,750 367,808 1,958,336 1,651,353 150,202 432,938 1,229,989 2,747,234 50,819 315,971 378,109 159,467 — 9,880 327,909 — 128,237 97,661 69,204 155,000 775,000 167,775 838,875 28,000 15,351 33,000 146,000 153,000 938 593 264 3,601 6 23 270 80,998 277.674 35.468 218,310 209,741 387,513 1,971,296 131,467 — 42,886 181,886 — 281,507 91,099 — 27,668 103,710 12,309 284,183 322,576 674,945 2,170,849 — 44,685 90,201 — 299,996 350 2,593 2,593 591 350 347 2,593 2,593 591 591 591 Cincinnati Indianapolis E A R N IN G S . Freight revenue---------Passenger revenue___ T o t .. incl. other rev. Expenses— M alnt.w ay M aint. o f equipm ’t . T raffic expenses___ Transportation ex p . T ot.exp.,In cl.oth . N et from railroad-----T a xes________________ U ncollectible revenue. N et after taxes, A c . N et after rents---------A v e r. miles o f r'd op er. ------- Month o f 1923. S 316,698 36,053 383,628 70,227 80,143 10,217 144,664 324,519 59,109 20,501 38,608 23,816 347 Colorado & Southern System E A R N IN G S . Freight revenue......... .. Passenger revenue___ T o t ., incl. other rev. Expenses— M alnt.w ay M aint. o f equipm ’t . T raffic expenses— Transportation exp . T ot .exp.,incl.oth. Net from railroad-----Taxes . . ----------------Uncollectible revenue. N et after taxes, A c . N et after rents . . . . A ver, miles o f r ’d oper. E A R N IN G S . Passenger revenue___ T o t ., incl. other rev. Expenses— M aint.w av M aint. o f equipm ’tT raffic expenses . . Transportation ex p . T ot.ex p .,in cl.oth . N et from railroad-----U ncollectible revenue. N et after taxes, & c. Net after rents _ A ver, miles o f r'd oper. E A R N IN G S . Freight revenue _ . Passenger revenue___ T o t., incl. other rev. Expenses— M aint. way M aint. o f eq u ip m 't. T raffic expenses___ Transportation ex p . T ot.ex p.,in cl.oth . N et from railroad- . . T a x e s________________ Uncollectible revenue. N et after taxes, A c . N e t after r e n ts .. . . A v e r . miles o f r ’d oper. Denver & Salt Lake Duluth Winnipeg & Pacific C olo r a d o & S o u t h e r n ------- Month o f M ay------- — Jan. 1 to M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31— — — Month o f M ay------- — Jan. 1 to M ay 31— 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. 1922. 1922. 1923. $ $ 1923. S S S $ $ 8 18,324 602,024 168,727 741,591 3,968.365 3,833,558 142,084 405,337 128,031 805,353 982,989 653,347 700,268 21,336 152,369 13,178 73,729 70,972 18,312 172,833 744,201 20,324 117,581 95,998 195,821 775,502 982,303 5,102,348 4,903,260 183,491 36,748 513,860 1,094,219 151,357 1,134,612 777,755 621,944 29,562 192,334 561,617 47,781 188,300 182,084 45,585 lb0,547 33,396 152,703 126,239 38,609 304,598 240,850 1,570,269 1,133,327 12,751 370,300 138,486 36,713 21,577 219,361 198,642 69,808 5,130 16,926 9,333 64,730 911 5,190 1,298 4,700 4,331 17,949 23,224 379,666 2,126,774 1,880,966 83,490 415,696 65,752 16,994 329,804 197,578 63,916 489,509 367,874 162,861 874,713 4,638,210 3,897,133 84,112 922,994 968,013 189,554 532.131 143,653 907,356 743,849 464,138 1,006,127 32,960 126,206 107,590 — 6.063 — 47,364 — 147,492 7,704 — 18,271 227,256 33,906 318,936 330,914 9,791 66,183 9,000 45,000 45,000 63,787 9,000 9,327 101,483 44,281 1,886 2 Cr9 725 101 10 6 173 2 22 41,416 143,316 674,488 23,167 62,24b — 15.063 — 56,364 — 192.593 — 63,281 — 1,629 125,771 — 10,397 14,602 179,078 564,508 — 45,396 76,052 10,827 — 52,633 — 171,822 — 5,939 — 13,107 130,065 — 21,750 178 1,099 1,099 1,099 1,099 255 255 255 255 178 178 178 F o r t W o r t h & D en ver C ity East St. Louis Connecting Detroit & Mackinac ------- Month o f M ay— ■ —■ — Jan. 1 to M ay 31— ------- Month o f M ay-------- — Jan. 1 to M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31—1923. 1922. 1922. 1922. 1922. 1923. 1922. 1923. 1923. 1923. 1923. 1922. S S S $ $ $ $ $ $ $ S S 529,102 534,359 2,600.911 2,557,993 526.752 120,270 115,995 443,687 174,774 708,499 807,496 25,713 143,314 139,250 25,355 136,460 191,559 752,212 754,789 3,545,724 3,577,494 154,726 725,659 629,776 179,640 1,001,336 161,848 837,789 58,746 372,862 9,766 328,457 39,584 135,283 94,673 49,713 125,958 13,793 60,664 64,377 132,523 965,944 689,282 a l0 ,7 9 3 208,660 51,604 51,868 234,884 250,602 7,840 24,384 35,630 57.116 56,762 291 11,970 14,427 2,253 2,366 10,153 306 10,570 1,419 1,646 227,238 1.166,600 1,209,187 246,904 59,381 55,413 312,038 60,777 286,727 55,901 320,996 285,644 599,374 472,472 2,746,815 2,483,682 62.078 154,237 169.395 719,927 700,365 80.560 418,973 401,522 798,909 1,093,812 129,481 152,838 282,317 489 5.732 — 7,547 — 70,589 99,080 582,363 436,267 201,521 37,504 46,484 196,137 0 8 ,1 9 1 11,324 33,457 27,087 53,328 8,054 fi4 4fi9! 69,386 806 11 6,296 991 237 14 11 53 53 114.528 235.822 591.092 897,438 630 — 10,835 — 28.716 — 123,928 102,394 90,973 512,977 371,752 238,108 793,422 916,218 81,664 — 9,728 23,484 — 131.583 159,847 11,317 80,601 415,455 330,381 456 456 456 456 1 385 3S5 385 385 1 1 1 T r in it y & B ra zos V a lle y D etroit & T oled o Shore Line Elgin Joliet & Eastern ------- Month o f May------- — Jan. 1 to M ay 31— ------- Month o f M ay------- - — Jan. 1 to M ay 31— -------Month o f M ay------- — Jan. 1 to M av 31— 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1923. 1922. 1922. 1923. 1922. S $ S $ $ $ $ S $ 9 $ S 139,721 526,073 1,282,996 256,266 1,813,170 1,486,875 2,321,786 1,709,994 10,683,387 7,946,794 91,057 401,473 3 13,818 18,555 79,365 104,929 1 55 14 111,370 164,761 637,645 1,440.273 404,658 258,639 1,837,563 1,499,106 2,609,184 1,925,601 11,894,283 8,775,390 24,669 39,601 137,790 198,208 48.113 140.677 40.156 169,919 351,167 140,725 785,879 676,852 33,752 34,733 22,039 150,123 566,533 151.015 3 07 ,2S5 32,133 104,077 402,899 3,040,666 1,737,282 3,146 3,250 2,338 11,879 10,617 16,785 16,285 2,566 10,833 11,119 61,782 60,938 53,626 75,522 311,724 766,772 524.47S 119,311 68,866 541,157 418,828 546,337 3,730,777 2,562,058 125,585 670.119 1.256.057 171.795 142,318 877,161 203,379 711,429 1,577,421 1,164,541 7,797,098 5,205,593 — 7,034 116,321 960,402 — 14,215 — 32,474 184,216 201,279 787,677 1,031,763 761,060 4,097,185 3,5697797 7,000 75,249 7,500 37,500 35,000 14,000 91,500 102,681 18,300 70,000 419,042 430,773 1 474 124 41 290 — 21,715 — 70,448 149.092 102.321 868.902 956,514 — 14,035 1S2.979 717,636 658.379 3,677,853 3,139.024 — 33,662 — 29,530 — 155,925 — 122,183 42,506 717,621 90,890 417,995 388,179 485,658 2,750,453 2,537,421 368 368 368 61 61 368 61 459 61 459 459 459 J uly, 1923.] El Paso 1923. E A R N IN G S . s 858,131 171,397 1,085,553 202,940 225,355 33,983 316,420 828,551 257,002 109,950 36 147,016 118,087 1,139 Freight revenue______ Passenger revenue___ T o t ., lncl. other rev. Expenses— M aint.w ay M aint. o f equlp m ’t . Traffic expenses___ Transportation ex p . T o t .exp . .ln cl.o t h . N et from railroad____ T axes________________ U ncollectible revenue. N et after taxes, A c Net after rents ___ Aver, miles o f r 'd oper. & Southwestern 1922. S 672,975 146,459 870,128 150,143 158,009 26,410 252,484 635,821 234,307 95,988 78 138,241 96,833 1,139 1923. S 4.103,711 884,101 5,267,470 952,794 1,072,991 156,297 1,442,172 3,874,911 1,392,559 469,689 2,714 920,156 868,738 1,139 Erie System E A R N IN G S . Freight revenue______ Passenger revenue___ T o ' , incl. other rev. Expenses— M aint .way M aint. o f equipm ’t "i'affic expenses___ Transportation e xp . T o t.e x p .,in cl.oth . T a x e s________________ U ncollectible revenue. N et after taxes, & c. N et after rents . ___ A ver, miles o fr 'd oper. E A R N IN G S . Freight r e v e n u e _____ Passenger revenue___ T o t ., incl. other rev. Expenses— M aint.w ay Transportation e xp . T ot.ex p . .ln cl.oth . U ncollectible revenue. N et after taxes, <kc_ Aver, miles o f r ’d oper. E A R N IN G S . Passenger revenue___ Transportation e x p . T ot.ex p .,in cl.oth . U ncollectible revenue. N et after taxes, &c_ Net after ren ts--------Aver, miles o fr 'd oper. E A KN IN G S. Freight revenue — _ Passenger revenue___ T o t ., incl. other rev. Expenses— M aint .way M aint. o f eq u ip m 't. Traffic expenses___ Transportation e xp . T ot. exp., incl. oth. N et from railroad-----T a xes_________ ___ U ncollectible revenue. N et after taxes, & c. N et after ren ts------ . Aver, miles o f r ’d oper. E A R N IN G S . Freight revenue---------Passenger revenue___ T o t ., incl. other rev. E xpenses— M a in t.way M aint. o f equipm ’t Traffic expenses___ Transportation e x p . T o t .exp.,incl.oth. N et from railroad-----T axes________________ U ncollectible revenue. N et after taxes, & c. N et after rents . . _ . Aver, miles o f r d oper. Freight revenue---------Passenger revenue----T o t., incl. other rev. Expenses— M aint.w ay M aint. o f equipm ’t . Traffic expenses___ Transportation e x p . T ot.ex p .,in cl.oth . N et from railroad-----T axes_______ ____ __ Uncollectible revenue. N et after taxes, &c_ N et after rents-------Aver, miles o f r ’d oper. 1922. $ 3,061,487 791,242 4,144,975 750,286 708,059 137,182 1,129,961 2,965,028 1,179,947 479,940 502 699,505 578,016 1,139 -------Month o f 1923. S 1,192,277 58,390 1,332,870 139,980 200,279 22,421 421,910 823,375 509,495 52,665 1 456,829 145,558 269 C h ic a g o May------1922. S 852,316 54,576 974.823 108,789 119,203 21,087 358,920 639,432 335,391 55,000 280,391 — 103 269 & Erie — Jan. 1 to 1923. 8 5,113,645 258,915 5,723,775 520,926 1,010,194 101,895 2,339,130 4,160,839 1,562,936 257,116 318 1,305,502 — 258,490 269 Great Northern Galveston Wharf 1922. % 1923. * S 107,505 37,864 4,732 621 31,938 87,582 19,923 17,000 111,202 58,608 3,683 620 28,205 110,445 757 17,000 2,923 3,037 13 — 16,243 — 16,601 13 561,456 173,207 16,688 3,284 158,213 413,724 147,732 85,000 68 62,664 63,980 13 1923"...... S Georgia E rie ------- Month of May------- — Jan. 1 to ------- Month o f M ay------- — Jan. 1 to Ma y 31— 1923. 1922. 1923. 1922. $ 1923. 1922. 1923. $ 8 402,495 289,527 1,856,589 8,421,308 5,291,346 41,494,341 29,523,730 94,232 1,077,576 1,085,798 5,183,651 5,121,353 104,655 497,198 541,599 417,341 2,508,978 10,358,210 7,035,924 50,188,380 37,523,439 63,498 40,171 266,421 1,120.453 867,668 4,601,628 3,658,020 113,730 2,679,415 2,104,577 14,136,945 10,424,193 68,554 478,558 678,721 21,221 668,161 19,432 104,350 138,279 143,803 221,309 3,744,972 3,071,702 21,104,045 16,365,945 185,728 1,092,485 440,888 331,995 2,040,113 8,053,853 6,495,336 42,156,130 32,757,831 85,346 540,588 8,032,250 4,765,608 100,711 2,304,357 468,865 6,260 7,020 31,300 341,274 291,139 1,628,097 1,299,950 18,690 84 19,032 2,396 34,534 331 1,124 94,367 77,995 1,944,051 247,053 6,369,619 3,446,968 436,441 79,163 78,590 2,160,662 4397772 6,670,545 4,113,958 391,515 2,039 328 2,039 328 328 2,039 2,039 ‘ 1922." S 608,252 291,390 21,735 3,917 148,431 572,708 35,544 85,000 2,036 — 51,492 — 51,296 13 1923. $ 7,253,782 1,133,270 9,351,969 1,970,797 2,090,268 154,035 3,564,739 7,975,060 1,376,909 707,758 901 668,250 882,136 8,255 1922. S 5,792,778 1,092,442 7,690,262 1,398,305 1,516,740 136,946 2,939,190 6,250,212 1,440,050 684,076 1,083 754,891 900,345 8,265 1923. 1922. 32,577,799 5,711,190 42,350,699 6,027,294 10,084,022 743,433 19,488,880 37,457,522 4,893,177 3,445,534 8,600 1,439,043 2,476,642 8,255 24,528,093 5,365,006 33,487,954 4,569,133 7,459,040' 650,256 14,929,391 28,973,099 4,514,855 2,960,347 6,131 1,548,377 2,208,792 8,265 S S Green Bay & Western M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31— 1922. 1923. 1922. 1923. 1922. S S $ $ $ 411,361 431,664 90,931 98,063 1,349,332 88,986 79,419 10,014 12,894 449,386 532,608 110,558 561,655 115,457 1,946,378 101,263 86,498 27,959 24,425 194,239 92,762 116,694 21,916 19,028 348,003 13,058 2,621 11,805 2,693 97,497 213,691 45,106 231,285 954,322 38,385 433,412 87,328 456,979 100,528 1,689,373 75,629* 128,243 14,929 23,230 257,007 40,000 8,000 40,000 8,000 35,100 364 364 974 88,243 15,230 35,265 6,565 220,933 65,494 13,839 58,272 9,826 '2 3 1 ,5 2 7 262 262 234 234 328 Gulf & Ship Island Georgia & Florida M ay 31— ------- Month o f May------- — Jan. 1 to M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31— 1923. 1922. 1922. 1922. 1923. 1922 1923. 1923. 1922. S S S $ S S $ $ 8 104,208 86,752 221,982 210.100 1,048,653 4,043,393 922,130 577,008 431,347 18,765 11,436 41,868 186,876 40,753 181,750 245,693 92,005 57,609 4,589,274 131,095 104,754 267,859 1,372,311 1,178,676 708,508 527,054 1 339,128 16,999 468,883 13,641 59,259 225,627 220,867 88,897 46,767 84,187 18,933 194,416 186,484 657,483 14,327 93,730 49,557 37,091 91,735 8,220 99,672 40,484 38,944 8,283 40,971 41,735 9,367 9,447 54,856 39,461 403,370 357,465 2,023,904 294,116 212,399 85,417 75,965 106,410 3,422,288 82,196 263,626 180,740 981,336 553,894 863,225 463,161 1,166,986 24,685 22,558 75,502 154,614 87,119 390,975 315,451 63,893 6,241 6,256 263,204, 31,492 17,621 122,996 88,856 31,101 25,850 91 1,012 79 136 24 523 667 743 458 18,353 16,166 225,928 903,703 122,379 49,628 68,975 266,967 32,334 — 471,282 10,850 11,621 78,670 63,584 199,066 — 1,713 34,320 220,535 405 269 405 405 405 307 307 307 307 N ew J e rs e y & N ew Y o r k Grand Trunk'System Gulf Mobile & Northern ------- Month o f M ay------- — Jan. 1 to M ay 31— A tla n t ic & S t. L a w re n ce R R . -------Month o f May— — — Jan. 1 to M ay 31— ----- M onth o f A p ril----- — Jan. 1 to A p ril 30— 1922. 1923. 1922. 1922. 1923. 1923. 1922. 1923. 1923. 8 1922. 8 1922. S $ 1923. 8 S 8 $ 133,132 102,856 265,931 94,318 1,088,554 427,562 22,141 17,741 361,643 2,085,865 1,594,737 852,780 478,734 40,254 104,256 477,142 35,215 33.360 35,224 103,466 134,164 185,059 134,571 173,763 605,347 318,268 142,729 1,287,895 1,046,645 486,548 130,627 126,456 636,503 413,753 2,359,972 1,841,545 43,772 69,043 44,774 77,852 58,086 16,130 66,036 187,662 16,373 119,777 327,188 274,001 88,698 112,406 52,247 45,372 86,749 74,162 22,480 17,578 411,596 255,396 172,047 308,559 6,495 4,620 1,461 6,613 6.514 16,339 15,992 1,369 15,563 83,448 16,196 69,704 357,638 334,165 133,179 65,020 112,968 169,767 72,454 887,112 135,047 839,146 576.378 617,050 515,629 103,606 563.192 241,236 117,636 222,606 1,379.021 369,135 294,658 1,745,066 1,344,152 939,871 89,718 12,991 22,850 73,311 77,032 — 79,877 117,413 614,906 — 91,126 106,774 119,095 497,393 16,700 14,971 3,330 3,000 15,150 16,900 27,254 17,252 60,600 126,450 67,600 85,029 446 251 395 0647 53 44 5 Cr316 1,120 74,496 19,850 56,165 61,882 9,266 — 96,777 — 151,779 90,806 101,838 488,772 39,130 411,244 — 50,004 — 83.762 — 55,982 — 184,822 — 605,714 — 318.777 — 19,025 — 6,667 76,485 85,550 404,548 346,458 45 45 45 45 166 436 166 433 433 166 166 436 Evansv. Indianap. & Terre Haute C h ic a g o D e t r o it & C a n a d a G r. T r u n k J e t. Hocking Valley ------- Month o f M ay— — — Jan. 1 to M ay 31— -------Month o f M ay------- — Jan. 1 to M ay 31— ------- Month o f May------- — Jan. 1 to M ay 31— 1923. 1923. 1922. 1922. 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. * $ 8 S $ 8 § $ 8 S S S 375,078 96,512 41,796 595,218 303,424 132,876 1.219,324 856,252 1,535,790 799,201 5,997,393 4,393,216 51,962 5,901 34,325 9,130 9,622 7,627 46,101 79,314 44,060 90,380 449,871 406,612 470,932 110,041 664,238 59,559 347,634 158,455 1,435,681 968,928 1,759,823 1,019,599 6,843,935 5,172,392 180.332 153,740 44,299 28,823 16,521 19,434 64,700 130,640 103,516 57,493 595,258 495,759 52,758 43,351 10,098 12.061 16,711 5,284 99,807 60,646 518,810 232,347 2,409,011 1,096,447 9,822 9,419 2,990 2,018 2,694 3,182 14,649 11,479 16,325 17,754 66,610 59,967 257,432 48,860 89,602 41,803 291,873 64,099 448,106 328,021 460,673 330,398 2,178,436 1,748,325 88,852 481,232 129,054 107,932 548,123 95,191 638,940 489,514 1,160,714 705,277 5,417,194 3,548,834 116,115 — 10,300 2,109 — 29,293 218,580 63,264 796.741 479,414 599,109 314,322 1,426,741 1,623,558 21,165 21,245 4,249 11,276 7,231 4,233 41,708 81,674 90,602 36,156 408,370 453,012 2 114 1 35 46 54 67 195 333 403 — 33,542 94,948 — 31,659 — 2,125 207,304 55,998 754,987 443,191 517,381 223.525 1,018,038 1,170,143 — 48,274 — 82,371 — 169,913 76,776 — 33,285 68,332 616,581 355,900 465,523 221,988 1,173,278 1,189,662 140 140 140 140 59 59 59 59 348 348 348 349 D e t r o it G r a n d H a v e n & M ilw a u k e e Florida East Coast In tern a tion a l & Great N orthern — — Month o f May------- — Jan. 1 to M ay 31— -------Month of M ay------- — Jan. 1 to M ay 31-— -------Month o f M ay------- — Jan. 1 to M ay 31— 1922. 1922. 1923. 1922. 1923. 1923. 1923. 1923. 1922. 1922. 1923. 1922. $ S $ $ $ S $ # S $ $ S 520,769 457.372 2,200,358 1,648,531 938,506 897,571 4,653,999 4,232,590 878,325 933,124 4,237,609 4,056,069 244,199 2,638,932 2,208,346 40,404 270,215 40,175 206,787 191,353 194,849 203,810 926,625 951,222 624,450 1,406,995 1,306,104 8,265,570 7,252,100 532,797 2,656,722 1,982,190 1,175,038 1,286,549 5,708,949 5,651,483 158,026 890,856 874,736 75,849 183,888 51,351 281,714 190,636 240,500 153,555 1,066,496 788,743 190,042 986,082 988,315 187,411 67,677 45,637 369,603 225,355 214,265 300,458 1,100,148 1,096,405 8,790 78,499 12,445 75,913 7,563 7,823 41,033 30,942 43,461 28,394 144,079 132,331 358,280 2,260,595 2,009,487 400,515 255,867 217,973 1,303,019 1,025,043 472,338 476,810 2,341.231 2,482,178 827,109 742,937 4,451,220 4,155,106 421,796 339,801 2,071,372 1,571.384 1.009,283 1,006,380 4,910,737 4,768,963 579,886 563,167 3,814,350 3,096,994 202,654 192,996 585,350 410,806 270,169 165,755 798,212 882,520 453,907 299,892 3,508 7,070 115,135 63,511 23,449 35,351 32,500 32,500 162,648 162,363 2,122 3,270 56 92 51 63 1,083 69 106 1,223 157 7.043 464,700 499,593 3,358,321 2,793,832 199,090 185,834 560,818 375,386 133.149 236,446 635,407 713,114 435,718 2,976,937 2,509,350 95,875 368,895 165,314 143,125 67,338 100,234 185,118 445,888 412,953 764 764 764 764 189 189 189 189 1,159 1,159 1,159 1,159 Fort Smith E A R N IN G S . 7 KAILW AY EARNINGS ------- Month o f 1923. $ 86,960 20,943 118,389 31,378 19,993 4,934 46,693 110,949 7,440 5,800 66 1,574 — 3,420 249 & W estern Grand T runk W estern In tern a tion a l Ey. Co. of M ay—----- — Jan. 1 to M ay 31— -------Month o f May------- — Jan. 1 to M ay 31— -------Month o f M ay— — 1923. 1922. 1922. 1923. 1922. 1923. 1922. 1923. 1922. 1923. S $ 8 8 S S $ $ $ 494.876 92,464 439,230 1,542,337 1,077,738 6,829,329 4,612,226 134,901 124,339 1,167,028 110.121 24,776 129,910 103,083 174,671 858,105 692,253 26,390 25,309 187,143 128,052 653,891 588,536 1,825,314 1,286,828 8,132,261 5,660,110 175,594 163,415 1,434,460 120,667 23,437 122,659 205,294 125,741 605,143 473 ,S17 76,205 64,858 182,361 23,346 133,747 124,761 350,594 268,142 1,576,029 1,335,885 35,364 34,368 264,770 4,968 24,166 24,343 25,076 25,933 138,633 138,619 4,858 4,250 22,964 44,887 228,812 234,843 638,466 554,401 3,211,129 2,699,880 83,260 89,854 667,993 553,639 104,627 539,551 1,271,173 1,026,539 5,801,590 4,932,788 203,404 197,339 1,157,104 100,252 23.425 48,985 554,141 260,289 2,330,67.1 727,322 — 27,810 — 33,924 277,356 5,800 29,000 29,000 57,796 62,929 296,604 314,647 15,000 16,000 75,000 372 50 201 196 0950 1,000 0224 17,575 70,880 19,784 496,149 198,310 2,033,067 412,899 — 42,810 — 49 924 202,356 9,221 44,344 — 20,266 174,520 28,298 770,732 — 504,342 — 52,426 — 62,512 147,728 1 249 249 249 347 347 347 347 233 233 233 Maine 1922. 3 1,055,442 169,080 1,306,857 175,591 244,683 21,231 632,783 1,092,771 214,086 80,000 134,086 70,790 233 8 Illinois Central System Freight revenue______ Passenger revenue___ T o t ., incl. other rev. Expenses— M a ln t. way M alnt. o f equlpm ’t . T raffic expenses___ Transportation e xp . T ot .exp., Incl.o th . N et from railroad____ T a xes________________ U ncollectible revenue. N et after taxes, & c. N et after rents______ A ver, miles o f r ’d oper. i I llin o is C e n tra l ------- Month o f M ay------------ Jan. 1 to M ay 31— 1922 . 1923 . 1922 . 1923 . S $ S Freight revenue______ 10 , 949,848 9 , 244,039 5 6 , 000,863 Passenger revenue___ 2 , 088,040 1 , 859,026 10 , 656,863 T o t ., Incl. other rev. 14 , 250,219 1 2 , 081,678 7 1 , 790,944 Expenses— M alnt. way 2 , 041,412 1 , 497,015 8 , 972,566 M alnt. o f equipm ’t . 3 , 575,193 2 , 790,737 16 , 874,217 T raffic expenses___ 163,276 172,954 963,276 Transportation e xp . 5 ,439,367 4 , 432,690 2 7 , 345,854 T o t .exp ., l n d .o t h . 11 , 550,698 9 . 244,534 5 5 , 879,479 2 , 699,521 2 , 837,144 1 5 , 911,465 N et from railroad-----732,703 T axes________________ 968,607 4 , 188,435 1,002 539 3,776 U ncollectible revenue. N e t after taxes, &*_ 1 , 965,816 1 . 867,998 11 . 719,254 N et after rents______ 1 , 799,363 1 , 933,655 11 , 309,150 4,839 4,784 4,839 A ver, miles o f r ’d oper. E A R N IN G S . Freight r e v e n u e ...___ Passenger revenue. T o t ., Incl. other rev. Expenses— M alnt. way M alnt. o f equipm ’t . T raffic expenses___ Transportation ex p . T o t.e x p .,Incl.oth. N et from railroad-----T axes________________ U ncollectible revenue. N e t after taxes, A c . N et after rents---------A ver, miles o f r 'd oper E A R N IN G S . Freight revenue---------Passenger revenue----T o t ., lnel. other rev. Expenses— M alnt.w ay M alnt. o f e q u ip m t . T raffic expenses— Transportation e xp . T ot.ex p .,in cl.oth . N et from railroad-----Uncollectible revenue. N e t after taxes, A c . N et after rents---------A ver, miles o f r 'd oper. Kansas Oklahoma & Gulf S 4 3 , 786,595 9 , 315,021 5 7 , 417,376 6 , 873,143 12 , 541,984 931,044 2 1 , 213,613 4 3 , 351,516 14 , 065,860 4 , 887,816 6,031 9 , 172,013 9 , 479,846 4,784 Lake Superior & Ishpeming 1923 . E A R N IN G S . 8 129,997 11,002 148,688 33,707 48,715 6,282 78,834 173,166 — 24,478 6,000 Freight revenue---------Passenger revenue___ T o t ., Incl. other rev. Expenses— M alnt.w ay M alnt. o f equipm ’t . T ra ffic expenses— Transportation e xp . T ot.ex p . .tncl.eth. N et from railroad-----Uncollectible revenue. N et after taxes, A c . N et after rents---------A ver, miles o f r ’d oper. $ 238,506 31,369 276.896 47,646 41,974 7,829 83,325 188,874 88,022 19,410 1 68,611 67.978 302 s 1 , 494,767 161,510 1 , 697,136 233,545 215,575 39,789 510,764 1 , 041,158 655,978 146,450 58 509,470 468,663 302 $ 1 , 116,644 162,686 1 , 312,943 256,166 235,048 37,713 427,039 995,459 317,484 96,618 289 220,577 211,128 302 Louisiana Railway & Nav. Co. -------Month o f M ay------- — Jan. 1 to M ay 31 — ------- Month o f M ay-------------Jan. 1 to 1923 . 1922 . 1922 . 1923 . 1922 . 1923 . 1922 . s $ s s 300,327 244,247 1 , 432,113 141,317 49,339 176,734 59,667 28,364 21,331 149,813 30 36 451 443 343,236 271,890 1 , 668,390 169.604 58,230 209,062 69,701 64,118 81,688 328,435 18,108 16,664 95,032 96,106 324,719 83,777 71.065 18,421 10,271 75,073 46,752 9,698 8,373 52,874 219 205 1,388 1,040 139.409 115,883 666,569 50,254 35,318 15,382 85,783 307,738 288,764 1 , 427,673 75,021 44.877 271,896 207,413 35,498 — 16,874 240,717 94,583 13,353 — 62.834 — 137,712 17,000 16,000 85,000 36,492 7,300 5,486 27,430 176 1,058 2,286 18,322 — 33,932 153,431 87,283 7,867 — 99,326 — 165.142 — 7,342 — 61,924 40,207 85,528 7,446 “ = 9 5^ 8 3 — 165,203 343 343 343 33 33 33 33 M ay 31 — 1921 . 1 , 116,701 144,280 1 , 326,140 320,640 218,530 50,472 561,988 1 , 210,220 115,920 80,000 1,903 34,017 — 83,021 343 — — 30.478 45,108 465 1922 . s 102,518 12,256 121,927 27,097 35,577 5,024 73,135 147,523 — 25,596 6,000 — — 31,596 46,562 465 1923 . 9 569,389 44,838 648,490 127,452 187,625 28,277 381,690 753,327 — 104.837 30,000 1,073 — 135,910 — 207.251 465 1922 . S 515,574 51,278 604,911 139,926 198,898 23,186 398,885 793,703 — 188,792 29,987 324 — 219.103 — 289,906 465 Maine Central Lehigh & New England 1923 . 1922 . 583,653 1,801 593,170 65,153 101,670 7,099 162,714 353,923 239,247 32,482 206,765 204,168 219 s 274,577 1,661 284,453 50,989 69,843 6,804 91,225 236,582 47,871 6,645 1923 . $ 2 , 392,891 10,333 2 , 442,697 223,221 713,546 41,433 764,161 1 , 828,513 614,184 97,011 1922 . 9 1 , 698,084 10,131 1 , 747,247 194,027 655,824 41.934 615.787 1 . 592,290 154,957 56,226 41,226 49,424 23 b 517,173 573,602 219 98,731 162,492 236 s 1933 . 9 1 , 285,025 363,549 1 , 794,727 328,754 345,159 15,104 792,294 1 . 531,439 263,288 98,434 Cr 1,000 165,854 135,528 1,201 1922 . c 1 , 387,565 347,843 1 , 864,850 313,230 418,261 13,370 710,457 1 , 503,313 361,537 99,052 453 262,032 271,498 1,194 lf 3' 6 , 096,339 1 , 781,005 8 , 524,550 1 , 445,276 1 , 595,812 65,219 4 , 303,313 7 , 651,870 872,680 492,166 0253 380,767 215,632 1,201 M ay 31 — 1922 . 9 6 , 189,438 1 , 648,032 8 , 427,104 1 , 292,474 1 , 830,233 61,223 3 , 737.662 7 , 162,719 1 , 264.385 495,259 1.162 767,964 720,199 1,194 Midland Valley Lehigh Valley Kansas City Southern System Freight revenue---------Passenger revenue----T o t ., Incl, other rev. Expenses— M alnt. way M alnt. o f e q u lp m t . T rafflo expenses— Transportation e xp . T o t .exp ., Incl.e th . N et from railroad-----T axes-------------------------Uncollectible revenue. N et after taxes, A c . N et after rents---------A ver, miles o f r ’d oper. M ay— — — Jan. 1 to M ay 31 — 1922 . 1923 . 1922 . Louisville & Nashville Y a z o o & M is siss ip p i V a lle y Lake Terminal ------- Month o f M ay-------------Jan. 1 to M ay 31 — ------- Month o f May— — — Jan. 1 to May 31 — ------- Month o f M ay-----------—Jan. 1 to M ay 31 — 19B 3 . 1922 . 1923 . 1922 . 1923 . 1922 . 1923 . 1922 . 1923 . 1922 . 1923 . 1922 . 9 9 9 9 8 * $ 9 $ S $ S 8 , 806,900 9 , 221,367 4 2 , 165,511 3 8 ,473,813 1 . 170.223 1 . 056.644 6 . 173.096 5 . 348.401 2 , 102,876 1 , 886,333 9 , 845,261 8 , 618,101 321,583 1 , 662,543 1 , 492,269 267,943 1 , 589,412 1 , 422,841 8 , 284,977 7 , 303,643 110,704 105,234 467,293 11 , 668,447 11 , 925,415 5 5 , 402,726 5 0 , 167,156 455,903 18,802 46,822 1 .459,820 1 ,462,884 6 , 851,699 7 , 277,838 433,937 14,019 63,738 359,005 1 , 930,935 1 , 659,504 3 8 5 , 97 b 16,072 10,648 264,158 1 , 874,356 1 , 418,869 67,733 45,198 2 , 799,553 2 , 579,112 1 3 , 776,780 1 2 , 254,299 229,209 201,576 1 , 168,415 1 , 053,286 116,746 129,141 21,451 25,643 640,882 554,249 3 , 341,103 3 , 077,836 57,363 44,459 273,974 203,551 4 , 273,634 4 , 011,109 2 0 , 970,937 19 , 287,858 9 , 046,316 8 , 531,173 4 4 , 152,796 4 1 , 248,575 1 , 543,713 1 , 248,288 7 , 453,232 6 , 526,654 93,960 70,649 303,421 414,051 776,989 163,872 2 , 622,131 3 , 394,242 1 1 , 249,930 8 , 918,581 45,699 174,553 831,745 16,744 34,585 41,852 514,984 573,174 2 , 372,557 1 , 785,854 592,216 110,792 118,443 553,958 31,683 6,251 6,337 32,453 1,045 329 2,342 5,329 1,529 701 551 188 184,072 — 65,644 55,922 276,258 10,493 28,248 132,189 2 , 106,102 2 , 820,739 8 , 872,044 7 , 130,385 9,399 — 82,888 67,732 212,611 169,877 185,028 2 , 113,244 2 , 814,565 9 , 313,081 7 , 220,037 17,653 43,696 21,044 5,040 5,038 5,039 5,038 1,381 1,380 13 1,380 1,381 13 13 13 Louisville Henders<m & St. Louis Lehigh & Hudson River Kansas City Mexico & Orient RR. ------- Month o f M ay------------- Jan. 1 to M ay 31— ------- Month o f May------- — Jan. 1 to M ay 31 — ------- Month o f M ay------------- Jan. 1 to M ay 31 — 1923 . 1922 . 1923 . 1923 . 1923 . 1922 . 1923 . 1922 . 1923 . 1922 . 1923 . 1922 . 9 9 9 9 s s s s 8 8 8 8 217,130 233,087 1 , 034,509 877,983 148,702 84,876 575,760 452,886 266,180 141,609 1 , 111,126 970,735 67,396 63,974 301,289 280,101 7,437 11,988 35,283 50,122 3,129 2,964 17,223 18,863 310,770 316,039 1 , 428,397 1 , 233,652 103,563 660,318 542,131 278,477 155,952 1 , 184,859 1 , 040,110 165,455 60,114 53,732 231,812 276,034 152,366 123,954 34,326 28,483 24,907 106,216 135,599 26,140 38,633 50,890 186,582 209,782 156,034 145,300 43,639 25,626 37,649 188,358 196,383 29,570 7,041 6,477 31,917 30,730 23,164 4,989 26,800 2,533 1,540 8,467 7,524 5,896 93,189 95,396 415,374 478,565 33 b ,902 307,921 72,234 57,996 102,583 74,755 493,103 415,930 207,360 215,007 1 , 016,811 929,906 127,662 698,720 634,277 182,818 147,559 145,315 839,129 792,663 103,410 101,032 411,586 303,746 — 92,146 — 38,402 95,659 17,896 — 24,099 10,637 345,730 247,447 4,718 8,750 56,592 43,750 36,131 41,600 12,500 7,226 8,320 16,278 57,000 63,090 6 1 102 31 343 26 2 98,686 92,281 354,892 259,965 — 74,876 — 133,772 — 32,419 83,157 — 5,641 10,670 288,728 184,357 87,680 75,009 280,842 195,223 — 50,688 — 131,261 12,508 — 33,999 71,897 — 18,119 266,442 90,502 199 199 199 199 272 272 272 272 96 96 96 96 Kan. City Mex. & Or. Ry. of Texas E A R N IN G S . Louisiana & Arkansas -------- Month o f I n c . Y a z o o & M ississip p i V a lle y F o rm e rly M isso u ri O k la h o m a & G u lf 1923 . o f May --------------- Jan. 1 to M ay 31— -------- Month o f May— — ■ — Jan. 1 to M ay 31— iq o o 1Q99 1Q99 $ 1923 . 1922 . 1923 . 1922 . 304,472 10 , 300,683 6 2 , 173,959 4 9 , 134,996 180,715 201,458 1 , 061,817 989,154 32,964 2 , 126,969 12 , 319,406 1 0 , 807,290 11,448 12,514 55,254 61,034 346,663 13 , 504,519 8 0 , 075,921 6 4 , 721,019 199,746 223,047 1 , 156,083 1 , 090,815 51,659 1 , 856,020 10 , 903,501 8 , 532,647 37,633 48,634 185,046 213,846 43,875 3 , 054,895 1 8 , 748,573 1 3 , 960,853 41,486 25,026 199,915 118,313 8,458 184,727 198,597 1 , 080,022 1 , 060,185 7,265 5.377 26,348 34.251 102,748 6 , 080,249 4 , 986,939 3 0 , 686,957 2 4 , 291.449 78,062 76,711 442,983 397,863 214,263 13 . 094.411 10 , 492,822 6 3 , 332,711 4 9 . 878,170 177,073 165,647 919.061 805.940 132,400 2 , 745,220 3 , 011,697 1 6 , 743,210 14 , 842,849 22,673 57,400 237.022 284,875 29,500 843,495 1 ,087,050 4 , 742,393 5 , 480.032 9,941 10,756 49,558 49,070 1 1,553 6,732 727 5,305 3 78 96 102,899 1 , 900,172 1 , 923,920 11 , 995,512 9 , 356,085 12,729 46,644 187,386 235.709 88,616 1 , 716,475 2 , 001,387 11 , 521,761 9 , 649,723 1,602 35,591 100.432 181,889 302 6,166 6,219 6,219 6,166 314 314 314 314 -------- Month 1Q9'3 12 , 120.071 2 , 409.623 15 , 839,631 2 , 495,349 3 , 961,169 E A R N IN G S . E A R N IN G S . [V ol. 117. RAILW AY EARNINGS ------- Month o f May-------- — Jan. 1 to M ay 31— ------- Month o f M ay— ---------Jan. 1 to M ay 31— K a n sa s C ity S o u t h e r n 1923 . 1922 . 1923 . 1922 . -------Month o f M ay------- ■— Jan. 1 to M ay 31 — 1923 . 1922 . 1923 . 1922 . * i $ $ 1923 . 1922 . 1923 . 1922 . $ s $ s 295,228 350,376 1 , 478,175 1 , 440,330 1 , 269,042 1 , 197,825 6 , 597,366 5 , 709,941 5 , 634,779 3 , 687,752 2 4 , 249,283 2 1 , 849,446 67,505 76,925 310,163 334,069 535,668 526,886 2 , 702,502 2 , 549,142 208,865 169,733 832,826 781,814 381,084 441,835 1 , 874,565 1 , 847,302 1 , 654,661 1 , 511,184 8 , 126,822 7 , 214,417 6 , 682,120 4 , 617,157 2 9 , 227,740 2 6 , 322,543 69,706 63.389 264,944 226,838 1 , 047,831 910,561 703,711 247,955 244,362 526,660 2 , 814,078 2 , 705,975 47,602 48,678 259,615 234,869 324,542 272,881 1 , 671,276 1 , 379,901 2 , 030,774 1 , 464,866 10 , 789,253 7 , 541,639 5,773 4,919 25,989 23,244 189,449 184,076 ' 90,586 114,663 33,668 40,945 476,609 523,772 116,849 115,905 599,424 560,595 553,089 2 , 893,426 2 , 651,996 2 , 711,976 2 , 221,802 13 , 531,598 1 1 , 692,812 576,564 266,950 247,151 1 , 230,490 1 , 131,654 1 , 252,301 1 , 163,064 6 , 142,856 5 , 462,050 5 , 683,882 4 , 500,203 2 8 , 336,856 2 3 , 237,880 114,134 194,684 998,238 644,075 715,648 116,954 348,120 1 , 983,966 1 , 752,367 890,884 3 , 084,663 402,360 15,177 16,740 75,882 488,492 209,491 63,700 87,619 437,098 190,400 1 , 047.456 1 , 073,650 88,147 20 69 626 754 1,208 2,077 459 159 392 260 1,291 C r l 8,093 98,937 177,875 788,288 567,567 651,194 260,241 1 , 545,660 1 , 261,798 — 73,605 — 157,863 313,921 2 . 029,106 89,750 166,563 517,758 1 , 369,938 710,988 617,086 1 , 260,260 — 121,753 — 380,393 1 , 834,852 295,237 235,895 365 365 365 767 1,335 1,334 767 767 1,335 1,334 365 767 T e x a rk a n a St F o r t S m ith Minneapolis & St. Louis Los Angeles & Salt Lake E A R N IN G S . Freight revenue---------Passenger revenue___ T o t ., ln d . other rev. Expenses— M alnt. way M alnt. e f equipm ’t . T ra ffic expenses___ Transportation e xp . T o t .exp . ,in d .o th . N et from railroad-----U ncollectible revenue. N et after taxes, A c . Net after rents--------Aver, miles e f r'd oper. 1923 . 1922 . 184,115 16,679 229,333 21,928 14 ,b 20 4,762 64,505 114,838 112,495 11,372 85 101,038 78,408 95 136,392 15,044 167,394 24,416 33,943 5,153 44,466 116,480 50,914 7,748 32 43,134 18,071 81 1923 . " 899,234 71,387 1 , 073,709 93,149 110,044 25,904 291,914 562,641 511,068 56,859 556 453,653 340,353 95 ‘ ’ 1922 ." 655,428 70,781 794,396 98,236 133,801 25,046 246,341 545,296 249,100 50,467 177 198,456 118,187 8l| 1923 . 1 , 396,637 565,844 2 , 132,825 316,980 457,833 52,752 641,026 1 , 566,211 566,614 112,956 3 453,655 413,976 1,185 1922 . 1 , 081,400 446,651 1 , 682,664 460,118 360,770 45,818 531,561 1 ,484,319 198,345 111,187 109 87,049 49,794 1,137 1923 . 6 , 207,807 2 , 336,922 9 , 280,291 1 , 535,899 2 , 226,953 239,960 3 , 111,778 7 , 560,797 1 , 719,494 564,743 1,842 1 , 152,909 981,966 1,169 1922 . 5 , 000,454 1 , 914,609 7 , 605,025 1 , 676,139 1 , 757,642 226,255 2 , 634,493 6 , 714,247 890,778 550,364 192 340,222 125,308 1,142 1923 . 1 , 054,506 128,254 1 , 270,480 190,516 352,407 28,280 574,760 1 , 171,512 98,968 70,562 026 28.432 15,587 1,649 1922 . 922,662 133,468 1 , 128,712 182,644 246,204 26,967 556,543 1 , 054,376 74,336 64,633 23 9,680 39,186 1,649 19 % . 5 , 789,011 743,130 6 , 882,987 872,130 1 , 602,548 126,483 3 , 133,523 5 , 958,173 924,814 339,598 477 584.739 464,238 1,649 1922 . 5 , 145,000 773,293 6 , 239,742 885,471 1 , 278,247 122,093 2 , 948,202 5 , 434,502 805,240 313,923 1,028 490,289 201,955 1,649 J uly, 1923.] Minn. St. Paul & Sault Ste Marie E A R N IN G S . —-----Month o f M ay-------------Jan. 1 to M ay 31— 1923 . 1922 . 1923 . 1922 . $ Freight revenue______ Passenger revenue___ T o t., incl. other rev. Expenses— M a in t.way M aint. o f equipm ’t T raffic expenses___ Transportation ex p . T ot.ex p .,in cl.oth . N et from railroad___ Taxes_ _ _ _ ______ Uncollectible revenue. N et after taxes, &c_ N et after r e n ts .. Aver, miles o f r ’d oper. 3 , 232,860 526,826 4 , 120,576 527,096 719,050 70,023 1 , 674,196 3 , 112,867 1 , 007,709 266,448 131 741,130 711,088 4,402 $ $ $ 2 , 684,234 15 , 010,261 11 , 021,202 502,745 2 , 869,768 2 , 568,276 3 , 530,286 19 , 337,364 15 , 050,597 634,220 2 , 445,207 2 , 407,291 817,888 3 , 664,952 3 , 199,155 67,108 287,450 289,085 1 , 512,758 9 , 054,078 7 , 555,280 3 , 147,831 16 , 039,508 13 , 983,157 382,455 3 , 297,856 1 , 067,440 259,877 1 , 296,059 1 , 261,101 1,680 8,524 5,522 120,898 1 , 993,273 — 199,183 65,693 1 , 995,466 — 3347203 4,383 4,3831 4,387 Mississiuui Central E A R N IN G S . ------- Month o f M ay------- — Jan. 1 to Man 31— 1923 . 1922 . 1923 . 1922 . S 146,602 16,892 168,606 48,727 28,292 6,417 55,655 146,373 22,233 4,999 2. 17,232 5,501 257 Freight r e v e n u e _____ Passenger revenue___ T o t., inci. other rev. Expenses — M ain t .wav M aint. o f equipm ’t . T raffic expenses___ Transportation e xp . T ot.ex p . .in cl.oth . N et from railroad___ T a xes_ _ . _________ Uncollectible revenue. N et after taxes, &c_ N et after rents______ A ver, miles o f r ’d oper. S S 109,461 15,119 130,188 23,141 41,411 5,669 41,637 118,998 11,190 6,255 63 4,872 4,587 258 667,565 74,411 768,396 138,830 120,858 27,834 259,738 582,466 185,930 27,078 10 158,842 142,665 257 S 510,695 77,897 610,530 86,519 173,599 28,103 205,730 528,978 81,552 31,279 90 50,183 42,303 260 Missouri & North Arkansas E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., incl. other rev Expenses — M a in t.way M aint. o f eauipm ’t . T raffic expenses___ Transportation exp . T ot.ex p .,in cl.oth . N et from railroad____ T a xes__________ ____ Uncollectible revenue. Net after taxes, &c_ Net after r e n t s . ____ Aver, miles o f r'd oper. -------Month o f May------- — Jan. 1 to M ay 31 — 1923 . 1922 . 1923 . 1922 . X $ S S 81,608 28,916 452,918 28,916 21,257 5,066 97,838 5,066 109,342 38,299 587,993 38,299 16,644 1,520 106,503 1,670 13,164 11,389 77,885 12,015 3,319 542 14,720 574 50,563 21,262 278,106 21,950 92,473 37,619 501,306 39,874 16,869 680 86,687 — 1,575 4,200 2,252 20,751 3,252 6 98 12,663 — 1,572 65,838 — 4,827 5,282 — 5,019 10,353 — 8,206 364 142 364 142 Missouri Kansas & Texas RR. E A R N IN G S . Freight r e v e n u e _____ Passenger revenue__ T o t ., incl. other rev. Expenses— M aint. way M aint. o f eauiDm’t T raffic expenses___ Transportation ex p . T ot.ex p . .In cl.oth. N et from railroad____ T axes___ __ . . . U ncollectible revenue. N et after taxes, & c. N et after rents_____ Aver, miles o f r'd oper. Freight revenue Passenger revenue___ T o t., incl. other rev Expenses— M aint. way M aint. o f equipm 't T raffic expenses___ Transportation e xp . T ot.exp.,Incl.oth . N et from railroad- . T a x e s ___ Uncollectible revenue. N e t after taxes, & c. N et after r e n t s _____ A ver, miles o f r ’d oper. & Texas Rv o f Tex. Freight r e v e n u e _____ Passenger revenue__ T o t., incl. other rev. Expenses— M aint.w av M aint. o f eq u ip m 't. T raffic expenses___ Transportation e x p . T ot.ex p .,in cl.oth . N et from railroad____ Taxes ___ __ U ncollectible revenue. N et after taxes. & c. N et after r e n t s _____ Aver, miles o f r ’d oper. Pacific Freight r e v e n u e _____ Passenger revenue___ T o t., incl. other rev. Expenses — M aint.w av M aint. o f equip m ’t . Traffic expenses___ Transportation e xp . T o t .exp .. incl. o th . N et from railroad____ T a x e s _______ _____ U ncollectible revenue. N et after taxes, A c . N et after rents______ Aver, miles o f r ’d oper. New Y o rk C en tra l System — Jan. 1 to M ay 51— 1923 . 1922 . $ 277,100 41.002 343,107 58,381 27,931 2,420 69.739 175,024 168,083 32,999 1 135,083 143,265 165 S 101,594 l f i .638 1 40 , 0 /2 44,823 16,506 2,101 35 599 113 ,b 41 26,431 30,577 4,146 11,263 165 — N ew bu rgh & S o u th Shore M ay------- — Jan. 1 to M ay 31 — 1922 . 1923 . 1922 . S S $ 206,639 14,125 37,819 889,502 66,837 248,122 818,608 41,181 166,695 68,494 124,056 82,583 13,450 05 69.138 61,290 7 394,608 731,447 158,055 60,917 306,893 532,796 285,812 61,757 3 224,052 211,643 7 97,138 47,968 7 N ew Y o r k C e n tra l K B ------- Month o f M ay------- •— Jan. 1 to M ay 31— 1923 . 1922 . 1922 . 1923 . 2 6 , 230,622 16 , 451,827 L I 9047,225 8 4 , 900,646 7 , 666,127 7 , 418,563 3 6 , 764,800 3 3 , 692,204 3 8 , 183,564 2 7 , 466,206 175530,786 134577,006 , 4 , 101,444 3 , 793,545 17 , 610,925 15 , 696,722 I 8 , 778,454 7 , 523,704 4 2 , 514,648 3 4 , 297,486 1 305,027 299,590 1 , 592,987 1 , 625,452 12 , 529,924 9 , 504,723 6 5 , 805,230 4 9 , 604,008 2 6 , 918,257 2 2 , 264,174 133548,600 106863,529 11 , 265,307 5 , 202,032 4 1 , 982,186 2 7 , 713,477 2 , 294,955 1 , 710.358 1 0 , 054,015 8 , 532,189 3,583 4,309 42,229 28,049 8 . 966,769 3 .487,365 31,885 942 19 , 153,239 8 , 542,850 3 , 780,220 3 0 , 715,607 2 0 , 175,138 6,899 6,899 6,897 6,897 C in c in n a t i N o r t h e r n ------- Month o f May------- — Jan. 1 to M ay 31 — 1922 . 1923 . 1923 . 1922 . S $ $ $ 417,576 230,465 2 , 151,723 1 , 324,558 12,382 14,037 66,993 73,918 251,441 2 , 253,635 1 , 432,557 437,234 85,629 64,740 330,136 273,950 61,267 368,261 58,625 250,973 4,842 4,099 23,011 23,643 88,111 146,313 173,627 468,800 305,186 223,442 1 . 531,746 1 , 058,287 132,048 27,999 721,889 374,270 19,000 114,206 12,105 87,825 72 11 354 351 112,976 15,883 607,329 286,094 54,245 — 5,685 403,406 182,570 244 244 244 244 C lev. C in . C h ic . & S t. M ay --------- — Jan. 1 to M ay 31 — — — Month o f M ay -------1923 . 1922 . 1922 . 1923 . 1922 . S S S S 171,678 972,132 841,011 5 , 964,394 5 , 208,619 34,329 150,597 169,707 1 , 479,374 1 , 329,554 215,607 1 , 164,073 1 , 053,495 8 , 124,222 7 , 102,263 977,321 820,180 149,284 38,675 168,005 1 , 714,454 800,575 16,692 184,130 219,307 120,424 107,123 5,804 28,474 25,355 58,458 354,472 328,137 2 , 788,091 2 ,451,786 131,129 773,069 794.760 5 , 829,569 4 ,409,658 391,004 84,478 258,735 2 , 294,653 2 , 692,605 414,820 532,199 82,862 15,023 75,136 306 518 23 330 180 69.432 307,812 183,419 1 , 879,315 2 , 160,100 308,591 65,097 148,225 1 , 827,796 2 , 055,831 2,407 2,415 274 274 274 New O rleans G reat N o rth e rn -— — Month o f M ay------- — Jan. 1 to M ay 31— • -------- Month o f 1923 . 1923 . 1922 . 1923 . 1922 . S S $ $ s 201,479 32,167 242,711 257,957 179,537 1 , 112,508 677,556 33,218 34,327 16,061 126,927 67,168 32,893 44,865 26,626 179,083 110,502 562 5,819 540 2,858 2,674 72,804 118,236 72,212 585,123 278,434 190,952 167,154 120,095 917,737 495,616 67,005 75,557 59,442 194,771 181,940 2,758 16,117 2,274 11,417 10,881 21 59,419 64,247 57,168 183,354 171,059 58,188 38,862 53,537 74,586 166,512 274 7 7 7 7 S t. Louis Brownsville * Mexico M ay 31 — ------- Month o f M ay------- — Jan. 1 to May 31 — 1923 . 1922 . 1923 . 1922 . 1922 . S S * $ S 343,646 259,120 1 , 482,248 1 , 629,951 5 , 972,409 98,247 100,797 518,668 475,702 1 , 800.288 487,600 406,793 2 , 176,614 2 , 285,819 8 , 391,524 74,850 76,691 375,417 379,541 1 , 323,912 57,693 64,953 338,103 324,838 2 , 310,591 14,241 69,016 15,795 70,218 353,797 120,457 97,438 639,974 639,570 3 , 296,574 285,076 274,306 1 , 505,732 1 , 509,252 7 , 605,763 202,524 670,882 132,487 776,567 785,761 18,659 16,846 90,709 78,541 175,000 184 8 1,364 79 12.361 183,681 115,633 578,809 697,947 598.400 125,353 18,931 415,124 505,621 762,988 550 550 550 550 1,258 N evada N orth ern ------- Month o f M ay------- ■ — Jan. 1 to Man 31 — ------- Month o f 1923 . 1922 . 1923 . 1923 . 1922 . $ S S 8 s 7 , 260,105 6 , 442,426 3 3 , 308,701 29 872 7 f U 1 , 553,479 1 , 426,771 7 , 269,465 6 , 609)407 9 , 698,074 8 , 641,367 4 4 , 503,181 3 9 , 888,499 195,973 1 , 379,620 1 , 674,902 5 , 918,720 6 , 686,058 18,984 2 , 751,852 1 , 979,063 11 , 799,571 8 , 742,184 53,684 155,165 151,966 768,374 760,179 3 , 709,497 3 , 214,199 18 , 384,597 16 , 360,731 77,523 8 , 328,339 7 , 310,921 3 8 , 376,394 3 3 , 990,161 155,281 40,692 1 , 369,735 1 , 330,446 6 , 126,787 5 , 898,338 380,530 10,014 377,195 1 , 852,468 1 , 892,669 3,580 2,914 15,226 13,281 985,625 30,678 950,337 4 , 259,093 3 , 992,388 19,538 848,150 626,340 2 , 769,848 2 , 503,837 7,171 7 7,342 7,171 7,325 M o n on g ah ela C on n ectin g E A R N IN G S . Nashville Chattanooga & St. Louis -------Month o f M ay------- — Jan. 1 to M ay 31 — ------- Month o f M ay—■— 1923 . 1923 . 1922 . 1922 . 1923 . 1922 . S S S S $ S 933,400 1 , 133,121 5 , 015,280 5 , 393,234 72,866 40,698 405,546 9,872 446,628 1 , 973,533 2 , 054,633 3,810 1 , 501,337 1 , 737,838 7 , 804,729 8 , 191,958 88,962 47,676 193,833 314,959 1 , 005,305 1 , 169,817 11,807 6,938 275,755 6,039 210,666 1 , 747,241 1 , 088,719 4,334 38,534 621 41,550 424 202,989 208,532 609,684 656,639 3 , 457,106 3 , 327,585 16,409 8.478 1 , 174,846 1 , 296,182 6 , 813,973 6 , 224,908 38,054 22,760 326,491 441,656 50,908 24,916 990 , 756" l~I T 967,050 46,111 52,138 6,601 6,116 261,036 256,746 410 249 4,717 2,220 279,970 389,269 44,307 18,800 725,003 1 , 708,084 113,290 44,978 21,407 223,860 — 280;298 849,086 1,389 1,737 165 165 1,599 1,737 Missouri E A R N IN G S New York Chicago & St. Louis Mobile & Ohio System ------- Month o f M ay—-—• — Jan. 1 to M ay 31 — M o b i l e * O h io 1923 . 1922 . 1923 . 1922 . ------- Month o f May------------- Jan. 1 to M ay 31 — • S $ S S 1923 . 1922 . 1923 . 1922 . 1 , 454,806 1 , 261,348 7 , 552,147 6 , 013,002 3 , 723,313 3 , 099,567 17 , 282,296 14 , 331,564 144,369 138,289 642,974 600,163 162,286 139,685 779,096 672,697 1 , 713,981 1 , 475,395 8 , 801,796 7 , 042,652 4 , 025,064 3 , 340,446 18 , 643,009 15 , 347,707 417,706 1 , 878,088 1 , 715,555 450,566 221,488 173,627 1 , 038,705 863,029 695,650 3 , 881,552 2 , 928,932 757,629 341,905 288,568 1 , 995,238 1 , 381,150 419,532 374,488 81,029 85,671 47,292 45,906 228,192 226,339 553,557 3 , 200,812 2 , 737,898 1 , 391,673 1 , 144,839 7 , 241,038 5 , 748,050 635,368 1 , 293,315 1 , 111,408 6 , 694,540 5 , 457,348 2 , 827,933 2 , 470,363 14 , 092,195 11 , 348,611 870,083 4 , 550,814 3 , 999,096 420,666 363,987 2 . 107 , 256' " 1 , 585,304 1 , 197,131 946,561 168,438 829,251 189,230 92,304 54,000 291,596 461,520 3,231 1,161 2,235 838 170 190 1,074 796 702,484 3 , 601,022 3 , 167,610 328,192 309,797 1 , 644,662 1 , 292,912 1 , 007,063 933,188 668,537 3 , 138,212 3 , 015,693 264,316 “ 265,160 1 , 444,594 ' 1 , 039,150 1,242 1,242 1,242 1,242 1,165 1,165 1,165 1,165 C o lu m b u s & G re e n v ille New Orleans Tex . & M a x . System Form erly Southern R y . in Mississippi N ew O rle a n s T exa s & M e x ico — — Month o f M ay -------- — Jan. 1 to M ay 31 — -------- Month o f M ay — •— — Jan. 1 to M ay 31 — 1922 . 1923 . 1922 . 1923 . 1923 . 1922 . 1923 . 1922 . 179,978 1 , 094,927 931,933 157,057 91,614 93,121 418,509 439,065 150,478 143.166 32,212 34,119 27,167 25,409 142,005 136,611 1 , 279,894 231,402 1 , 121,182 199,993 126,451 125,834 617,059 588,475 182,402 183,041 34,881 45,114 38,405 23,273 173,642 136,202 51,416 245,802 60,663 250,405 12,818 12,271 64,143 78,216 39,956 7,387 35,328 8.163 4,354 2,750 16,991 16,852 53,552 267,364 52,251 293,047 46,555 44,960 236,085 225,335 165.494 812,107 165,910 771,957 112,924 91,143 495,453 547,115 65,492 34,499 467,787 349,225 13,527 34,691 93,022 69,944 26,536 135,000 16,880 82,780 2,499 5,560 0 6 ,5 0 9 22,131 19 39 844 15 1,035 359 48,612 332,748 7,944 2 b 6,445 10,184 29,116 70,532 75,418 92,566 550,672 488,566 231,825 1,405 19,610 11,456 9,625 191 191 191 191 167 220 167 225 B e a u m o n t| 8 o u r Lake * W e s te r n Montour ------- Month o f M ay------- — Jan. 1 to M ay 31 — • ------- Month o f M ay— — — Jan. 1 to M ay 31 — 1923 . 1923 . 1922 . 1922 . 1923 . 1922 . 1923 . 1922 . S % S $ S t S $ 128,359 740,363 127,363 702,167 254,260 18,227 902,181 318,032 128,661 29,720 26,406 116,036 476 697 2,643 3,861 169,581 921,504 165,180 867,156 258,298 20,218 917,088 326,204 34,596 28,808 135,797 174,982 40,656 12,173 135,681 80,485 26,761 110,666 28,092 122,386 57,235 22,031 237,879 141,827 28,009 25,654 5,779 5,916 1,083 910 5,514 4,800 56,496 50,488 272,821 292,435 41,806 10,342 193,215 102,624 131,322 120,592 600.545 630,517 147,873 51,911 607,678 360,838 38,259 44,588 320,959 236,639 110,425 — 31,693 309,410 — 34,634 4,683 22,817 4,060 18,680 17,344 2,044 58,873 12,575 543 50 12 57 33,526 40,528 297,599 217,959 93,081 — 33,749 250,537 — 47,266 — 5,181 — 38,377 174,164 91,843 115,984 — 15,824 394,798 18,529 118 118 118 118 57 56 57 56 I n c lu d in g W ic h it a F a ils & N o rth w e s te rn -------Month o f M ay------- — Jan. 1 to ------- Month o f M ay------- — Jan. 1 to May 51— 1923 . 1922 . 1923 . 1928 . 1922 . S 1923 S 1922 S 2 , 073,342 2 , 111,039 10 , 426,532 8 , 929,870 1 , 571,659 1 , 364,275 7 , 621,759 491,126 395,781 519,670 2 , 360,385 2 , 409,157 378,016 1 , 964,657 2 , 830,184 2 , 858,778 14 , 055,649 12 , 530,146 2 , 094,310 1 , 880,791 10 , 249,423 294,554 332,497 294,594 1 , 211,710 1 , 304,903 323,851 1 ,426,340 778,441 492,682 457,546 2 , 274,593 595,756 4 , 350,945 2 , 446,264 49,966 78,677 46,124 69,405 375,020 262,435 239,376 808,475 779,574 771,569 4 , 421,242 3 , 790,898 658,735 4 , 028,993 2 , 036,835 1 , 802,825 10 , 859,197 8 , 339,731 1 , 749,847 1 , 567,773 8 , 441,912 793,349 1 , 055,953 3 , 196,452 4 , 190,415 314,463 313,018 1 , 807,511 176,018 60,000 215,343 756,051 35,000 300,000 887,839 152 376 284 11,426 11,752 3,194 6,652 617,179 840,234 2 , 428,649 3 , 295,924 284,179 266,592 1 , 504,317 805,199 872,456 3 , 095,923 3 , 468,555 290,627 303,653 1 , 669,460 1,882 1,999 1,258 1,258 1,258 1,952 1,999 M issouri K a n . E A R N IN G S . 9 RAILW AY EARNINGS L. (I n c . P e o . * E a st.) — Jan. 1 to M ay 31 — 1923 . 1922 . S $ 2 9 , 924,723 24 , 539,094 6 , 767,582 6 , 123,007 39 , 893,002 33 , 215,768 3 , 893,033 3 , 375,677 9 , 341,583 6 , 492,151 537,652 522,482 14 , 822,950 12 , 405,445 29 , 743,245 2 3 , 885,309 L0 , 149,757 9 , 330,459 2 , 158,010 2 , 062,222 3,324 3,552 7 . 988,423 7 , 264,685 7 , 628,993 6 , 582,338 2,408 2,415 10 E A R N IN G S . Passenger revenue— T o t . incl. other rev. Expenses— M aint.w ay M aint. o f e q u lp m tT ra ffic expenses.- Transportation ex p . T o t .exp. ,lncl. o th . N et from railroad-----U ncollectible revenue. N et after taxes. &e_ N et after rents---------A ver. miles o f r'd oper. E A R N IN G S . Fretght revenue---------Passenger revenue----T o t ., Incl. other rev. Expenses— M aint.w ay M aint. o f equipm ’t . T raffic expenses— Transportation e x p . T o t exp ..in cl.oth . N et from railroad-----U ncollectible revenue. N et after taxes. & c. N et after rents----------A ver, miles o f r ’d oper. E A R N IN G S . Freight revenue............ Passenger revenue----T o t .. in cl. other re v . Expenses— M aint.w ay M aint. o f equipm ’t . T raffic expenses— Transportation exp . T o t .exp ., incl.o th . N et from railroad-----T a x e s. . ------------------U ncollectible revenue. N et after taxes. A c . N et after re n ts ........... A v e r. miles o f r'd op er. E A R N IN G S . Passenger revenue----T o t ., incl. other rev. Expenses — M aint.w ay M aint. o f equipm ’t . Transportation e xp . T ot.ex p ..in cl.oth . N et from railroad-----U ncollectible revenue. N et after taxes, A c . Aver, miles o f r ’d oper. E A R N IN G S Freight revenue---------Passenger revenue----T o t ., incl. other rev. Expenses— M aint.w ay M aint. o f equipm ’t . T raffic expenses— Transportation e xp . T ot.ex p-.in cl.oth . N et from railroad-----U ncollectible revenue. N et after taxes, A c . N et after rents---------A ver. miles o f r'd oper. N e w York Central System ( C o n c l .) Pennsylvania R R . ( C o n c l u d e d ) Norfolk & Western I n d ia n a H a r b o r B e lt L o n g I s la n d ------- Month o f May------------- Jan. 1 to M ay 31— — — Month o f M ay------- — Jan. 1 to M ay 31— ------- Month o f M ay-------------Jan. 1 to M ay 31— 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. t S $ * 935,850 724,399 4,332,315 3,611,982 6,779,840 7,988,469 31,615,189 31,908,646 — ______ ______ ______ 1,758,518 1,687,638 6,948,043 6,424,975 822,085 728,516 3,859,266 3,329,806 973,135 810,039 4,846,491 3,816,433 7,945,634 8,994,145 37,057,898 36,538,260 2,948,222. 2,666,564 12,402,039 11,047,338 97,832 127,527 467,124 426,879 1,062,823 997,094 4,794,832 4,561,926 379,268 334,221 1,513,632 1,337,851 133,079 73,510 656,621 326,548 2,047,143 1,835,224 9,860,264 8,511,695 498,698 459,784 2,464,967 2,079,135 4,331 4,109 22,270 69,849 19,106 78,137 372,230 15,249 87,533 79,951 402,099 13,060 404,684 296,290 2,240,306 1,580,705 2,673,192 2,336,729 13.229,061 11,030,899 1,219,341 1,067,908 6,004,211 5,198,178 660,896 520,054 3,491,238 2,448,354 6,040,094 5,389,596 29,147,017 25,272,343 2,195,718 1,958,474 10,463,976 9,064,967 312,239 289,985 1,355,253 1,368,079 1,905,540 3,604,549 7,910,881 11,265,917 752,504 708,090 1,938,063 1,982,371 38,554 401,016 41,534 132,894 187,709 475,000 450,000 2,375,000 2,250,000 176,228 412,060 171,505 203 45 625 1,947 282 24,566 373 3,175 25,576 4,053 2,901 18,045 273,482 248,406 1,221,734 1,179,997 575,994 1,427,365 3,152,602 5,510,305 9,011,864 518,540 1,523,102 1,556,789 173,886 193,555 619,252 841,084 1,750,983 3,412,741 7,303,384 10,170,739 341,355 1,206,793 820,992 462,597 119 119 120 119 2,237 397 398 2,237 2,237 2,237 398 397 M ich ig a n C e n tra l M a ry la n d D e la w a re & V ir g in ia Norfolk Southern ------- Month o f M ay------- — Jan. 1 to M ay 31— ------- Month o f May------- ■— Jan. 1 to M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31 — 1923. 1923 1922. 1922. 1922. 1922. 1923. 1923. 1922. 1922. 1923. 1923 S * S $ S S $ S S S S $ 6,017,531 4,601,817 28,655,042 20,647,753 611,647 566,041 3,119,967 2,716,673 75,552 278,909 72,061 271,970 1,724,866 1,516,694 7,661,414 6,577,003 105,725 112,679 19,944 530,955 542,569 81,876 20,567 >84,353 8,578,828 6,740,054 40,169,380 30,213,621 765,797 719,969 3,861,474 3,447,257 99,575 375,846 95,417 373,282 975,682 721,495 4,009,422 3,218,379 102,280 108,623 493,804 506,579 7,054 43,554 12,890 38,923 115,771 1,576,545 1,271,073 7,659,020 6,924,108 128,407 24,604 586,084 568,044 137,084 34,678 143,031 84,480 86,712 463,521 458,922 22,589 22,365 1,268 115,077 109,525 1,513 4,990 6,623 2,619,360 2,149,394 13,884,099 10,960,493 321,349 305,308 1,628,904 1,474,733 64,762 67,335 293,953 270,775 5,476,228 4,425,493 27,095,229 22,599,191 591,055 596,886 2,971,412 2,814,053 100,187 468,144 118,987 494,270 174,742 3,102,600 2,314,561 13,074,151 7,614,430 — 612 123,083 890,062' 633,204 — 23,570 — 120,988 — 92,298 462,000 2,381,637 1,575,539 38,315 32,315 2,251 556,153 191,473 147,811 2,295 2,953 3,011 1,032 396 9,698 61 31 4,875 557 65 ______ 7 531 66 136,366 90,737 2,545,415 1,852,165 10,687,639 6,029,193 698,058 — 2,928 484,836 — 25,865 — 124,007 — 95,316 2,306,446 1,753,157 9,409,272 5,537,773 103,995 69,509 479,132 340,454 — 5,357 — 26,667 — 129,194 — 100,210 1,862 931 930 1.862 1,862 1,862 82 930 930 82 82 82 P it t s b u r g h & L ake E rie M o n o n g a h e ia Northwestern Pacific ------- Month o f M ay------- — Jan. 1 to M ay 31— —■— Month o f M ay------- — Jan. 1 tc M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31— 1923. 1923. 1922. 1922. 1923. 1922. 1923. 1922. 1922. 1923. 1922. 1923. 8 S S S S S S S S $ $ S 358,681 339,630 1,639,616 1,500,581 3,732,920 1,590,679 16,884,569 8,313,395 521,155 58,666 2,080,650 1,428,005 213,516 1,286,132 1,025,839 227,095 234,102 37,607 265,326 931,585 947,497 26,136 195,404 150,376 655,229 4,125,452 1,905,271 18,526,039 9,739,033 692,495 2,855,713 2,838,227 563,525 89,141 2,300,687 1,601,032 93,469 156,043 63,780 410,288 261,597 1,712,140 1,159,272 577,941 36,530 556,105 264,880 199,652 107,660 882,007 73,714 106,604 927,451 4 , 694,328 5 , 119,081 516,537 3 67 , 800 , 32,781 487,066 230,595 9,257 9,663 930 21,033 18,738 98,189 98,741 32,466 923 3 4 , 78 l | 5,643 6,210 233,466 1 , 110,528 640,744 5 , 449,131 3 , 343,833 256,088 1 , 130,514 1 , 207,366 152,456 45,618 739,707 402,503 463,937 510,773 2 , 359,038 2 , 246,049 333,740 2 , 488,974 1 , 912,454 12 , 276,765 10 , 047.538 124,221 1 , 542,434 887,819 191,292 181,722 6 , 249,274 — 308,505 229,785 1 , 636,478 — 7,183 496,675 — 35,080 592,178 713,213 758,253 49,027 53,629 270,629 82,124 1 , 155,442 399,159 245,300 9,950 234,748 8,000 40,000 49,750 23 175 354 7 46 193 180 221 142,242 128,086 — 89.482 219,835 1 . 365,803 5 , 093,639 — 708,018 251,195 357,209 — 43,080 708,503 673,213 134,230 113,992 32,030 7 , 024,331 — 195,398 135,322 1 , 703,786 196,421 291,443 — 59,029 359,602 468,848 496 227 496 106 231 227 231 496 505 106 106 106 T o le d o P e o ria A W e s te r n New York Connecting ------- Month o f May------- — Jan. 1 to M ay 31— -------Month o f M ay------- — Jan. 1 to M ay 31 — 1923. 1922. 1922. 1922. 1923. 1923. 1923. 1922. S S 8 $ $ S 471 170 202 0 1 7 826,756 1 , 044,031 95,287 348,289 167,693 69,251 38,761 43,509 218',381 233 ^279 150,830 201,380 1 , 478,605 1 , 181,399 422,427 122,872 757,188 645,512 9,148 32,042 56,754 27,342 5,015 25,173 132,425 112,525 7,842 52,563 139,023 80,776 15,741 34,387 245,575 173,947 2,396 12 540 14 9f\9 2,460 40,055 78,993 232,505 232,805 50,983 64,228 3 96’,971 335>99 409,210 72,965 58,543 378,228 168,497 134,051 824,391 675,508 349,462 142,837 1 , 069,395 803,171 — 17,667 — 11,179 ' — 67,203 — 29,996 11,000 41,778 201,655 194,462 55 000 50,455 11,000 xa o o o 51 23 134 400 101,059 867,740 299,007 608,709 — 28,718 — 22,202 — 122,337 — 85,396 52.176 780,819 263,601 394,935 — 25,917 — 96 773" 105 000 — 26,897 19 19 19 19 247 247 247 247 W e st J ersey & S e a s h o re New York New Haven & Hartford Northern Pacific ------- Month o f M ay------- — Jan. 1 to M ay 31— -------Month o f May-------- ■— Jan. 1 to M ay 31 — 1------- Month o f M ay------- — Jan. 1 to M ay 31 — 1923. 1923. 1922. 1922. 1922 . 1923. 1923. 1923. 1922 . 1922. 1923. 1922. S S S S 8 $ S $ $ 8 $ S 6 , 554,934 5 , 291,802 2 7 , 644,048 2 3 , 489,551 5 , 761.267 5 , 488,917 2 9 , 084,034 2 4 , 742,746 473,425 430,791 2 , 133,654 1 , 835,374 551,384 3 , 974,928 3 , 965,249 19 , 714,740 18 , 824,967 1 , 161,205 1 , 180,213 5 , 818,890 5 , 749,292 561,130 2 , 446,484 2 , 408,446 12 , 036,901 10 , 423,384 54 , 033,893 4 7 , 597,890 7 , 680,983 7 , 378,960 3 8 , 344,840 3 3 . 621,547 1 , 120,378 1 , 080,086 5 , 001,755 4 , 635,746 1 . 420,859 1 , 733,987 5 , 612,533 5 , 996,412 1 , 735,252 1 , 526,296 5 , 270,636 4 , 666,338 269,052 154,771 945,630 756,994 2 , 825,994 2 , 220,794 13 , 182,601 9 , 295,309 1 , 966,868 1 , 934,249 10 , 147,792 9 , 100,237 204,407 192,116 989,475 986,099 278,014 220,039 177,919 14,460 59,254 55,687 267,602 843,596 691,174 14,632 62,484 72,460 4 , 589,398 3 , 906,172 2 3 , 560,309 19 , 737,250 3 , 066,084 2 , 808,802 16 , 460,163 14 , 071,079 482,787 456,343 2 , 452,868 2 , 272,443 9 , 333,267 8 , 354,870 4 4 , 895,969 3 7 , 494,907 7 , 245,077 6 , 747,705 3 4 , 233,538 3 0 , 051,659 1 . 007,915 853,987 4 , 638,779 4 , 273,451 435,906 631,255 4 , 111,302 3 , 569,888 2 , 703,634 2 , 068,514 9 , 137,924 16 , 102,983 112,463 226,099 362,976 362,295 693,624 750,000 3 , 474,283 3 , 750,000 407,300 384,528 2 , 034,443 1 , 927,949 82,865 79,588 117,642 112,990 48,086 1,616 1,391 2,481 9,188 8,600 15,929 159 1,173 46 345 492 2 , 295,161 1 , 681.505 7 , 055,395 8 , 165,846 — 259,334 — 120,136 628,419 — 196,041 29,439 146,465 244,989 248,813 193,164 218,649 3 , 229,703 1 , 136,785 1 , 484,965 1 , 215,633 2 , 310,406 6 , 043,761 7,991 128,274 141,240 169,636 2,000 6,665 6,646 2,000 2,003 2,004 6,665 6,653 359 359 359 359 New York Ontario E A R N IN G S . Freight r e v e n u e -------Passenger revenue----T o t ., incl. other rev. Expenses— M aint.w ay M aint. o f equipm ’tT raffic expenses— Transportation ex p . T ot.ex p ..in cl. oth. N et from railroad-----Taxes . ____________ U ncollectible revenue. N et after taxes. A c . N et after rents---------Aver, miles o f r'd oper. E A R N IN G S . Freight revenue -----------Passenger revenue -----T o t ., incl. other rev. Expenses— M aint.w ay M aint. o f equipm ’t . T raffic expenses— Transportation e xp . T ot.exp-.in cl.oth . N et from railroad-----Taxes _______________ Uncollectible revenue. N et after taxes, A c . N et after rents _. A ver, miles o f r ’d op er. [V ol. 117. RAILW AY EARNINGS & Western Pennsylvania Railroad — Jan. 1 tc M ay 31— I n c l. P e n n . C o m p a n y G r a n d R a p id s & In d ia n a a n d P . C. C. & S t. L. 1923 . 1922 . ------- Month o f May------- — Jan. 1 to M ay 31—S $ 3 , 663,422 3 , 193,135 4 7 , 439,476 3 4 , 737,646 204326,054 168621,304 676,354 730,696 12 , 420,318 11 , 555,620 60 , 907,261 5 6 , 108,811 5 , 144,772 4 , 702,903 65 , 465.627 5 0 , 998,373 291742,522 246167,837 8 , 690,360 6 , 970,171 2 9 , 881,239 2 7 , 126,864 617,927 574,063 1 , 250,000 919,886 16 , 678,805 12 , 599,143 7 7 , 877,067 63 , 878,642 74,535 625,570 73,600 582,265 3 , 105,926 2 , 855,569 2 , 839,265 2 , 324,417 2 4 , 068,196 18 , 285,778 118963,721 9 2 , 951,104 4 , 949,545 4 , 041,672 52 , 301,836 4 0 , 486,004 241001,038 197247,806 195,227 661,231 13 , 163,791 10 , 512,369 50 , 741,484 4 8 , 920,031 212,500 190,000 2 , 924,837 2 , 611,700 10 , 829,715 9 , 670,270 4,532 531 861 7,838 45,931 21,870 — 17,804 470,370 10 , 234,422 7 , 892,831 3 9 , 865 ,S 3 S 3 9 , 227,891 — 222,907 247,666 8 , 615,341 7 , 371,125 3 3 , 547 , 480 ’ 3 6 , 092,649 569 569 10,495 10,537 10,495 10,537 B a ltim o re C h e sa p e a k e & A t l a n t i c New Y ork S usquehanna & West. ------- Month o f M ay------- — Jan. 1 to M ay 31— 1------- Month o f May------- — Jan. 1 to M ay 31— 1923 . 1922 . 1922 . 1923 . 1923 . 1922 . 1923 . 1922 . S $ S $ 8 S S S 195,512 1 , 558,239 1 , 129,754 326,866 103,774 106,501 373,988 372,637 61,564 58,734 294,843 294,666 29,926 32,444 122,073 126,926 301,612 2 , 114,242 1 , 650,808 441,909 139,397 144,443 519,643 518,792 48,913 53,557 233,369 16,293 204,963 20,415 60,293 61,892 66,816 66,433 371,333 280,013 71,448 62,760 228,689 211,852 3,791 4,239 18,186 18,212 2,350 2,108 8,962 7,369 178,258 216,506 1 , 184,417 925,917 80,375 79,420 367,828 328,241 350,220 311,692 1 , 868,284 1,478,158 174,509 168,531 685,473 627,343 91,689 — 10.080 245,958 172,650 — 35,112 — 24,088 — 165,830' — 108,551 28,200 25,192 140.600 125,600 5,090 4,879 6,441 6,174 2,789 43 15,868 301 335 373 4 60,700 — 35,615 89,490 — 46,749 — 40,537 — 28,967 — 172,644 — 114,729 — 48,285 76,140 58,907 — 15,430 — 39,419 — 26,022 — 172,257 ' — 113,300 135 135 135 135 87 87 87 87 ------- Month o f M ay------1822 . 1923 . S S 784,356 475,177 170,807 223,217 887,320 1 , 143,233 121,024 158,346 250,000 148,710 16.052 15,443 491,281 418,679 733,818 948,633 194,600 153,502 38,000 42,500 450 165 115,052 151,935 126,191 59,961 569 569 Peoria'& Pekin Union --------M onth o f 1923 . 1 $ I 22,541 3,985 147,209 I 33,398 22,930 486 60,370 125,472 1 21,737 i 12,500 ! 9,237 36,375 19 Man------- — Jan. 1 to M ay 31 — 1922 . 1923 . 1922 . S ft ft 8,263 106,842 68,115 5,599 14,864 21,421 130,617 745,269 761,207 56,400 99,699 124,453 13,733 88,371 90,869 105 2,265 579 52,523 322,772 311,661 131,868 559,764 573,279 — 1,251 185 , 505 " 187,928 15,000 62,500 71,500 — 16,251 4,996 19 123,005 2 52 , 820 ’ 19 116,428 231,565 19 1 Perkiom en ------- Month o f M ay-------- — Jan. 1 to May 31 — 1923 . 1922 . 1923 . 1922 . s S 8 S ! 86,237 89,366 382,153 409,396 7,185 7,743 31,954 36,529 97,108 101,245 433,414 463,350 9,589 7,410 33,716 34,467 4,585 4,220 19,684 20,897 107 107 539 537 46,576 45,375 209,918 217,376 61,704 58,022 268,027 277,920 I 35,404 43,223 165 , 387 ’ 185,430 6,905 4,871 31,436 27,508 691 28,499 38,352 133,260 157,922 31,282 i 22,787 110,851 129,515 41 41 1 41 41 J uly, 1923.] E A R N IN G S . -------- Month 1923 . Freight revenue______ Passenger revenue___ T o t., incl. other rev. Expenses— M aint .way M aint. o f equipm ’t . T raffic expenses___ Transportation e xp . T ot.ex p. .lncl.oth. Net from railroad____ T axes________________ U ncollectible revenue. N et after taxes, & c. N et after rents______ Aver, miles o f r ’d oper. $ 3 , 211,886 408,587 4 , 000,896 577,213 878,454 45,987 1 , 441,848 3 , 052,166 948,730 139,354 1,828 807,548 587,856 2,212 E A R N IN G S . -------- Month 1923 . Richmond Fredericksb. & Potomac Pere Marquette o f M ay --------------- Jan. 1 to M ay 31 — -------- Month o f M ay --------1923 . 1922 . 1922 . 1923 . 1922 . $ % $ $ $ 646,497 598,630 2 , 687,293 14 , 723,221 1 1 , 789,188 317,702 256,062 372,587 1 , 952,145 1 , 844,153 1 , 140,030 1 , 010,806 3 , 400,302 18 , 369,409 14 , 902,983 113,910 129,490 580,980 1 , 778,875 1 , 607,858 138,890 175,463 759,174 4 , 124,219 3 , 119,363 8,006 11,029 244,857 261,789 49,093 384,004 335,375 1 , 166,024 7 , 234,519 6 ,003,964 660,425 729,625 2 , 677,712 13 , 938,127 11 , 569,471 350.381 410,425 722,590 4 , 431,282 3 , 333,512 55,620 65,530 670,394 726,073 154,346 5 75 2,561 1,899 424 294,756 344,820 567,820 3 , 758,327 2 , 605,540 270,017 246,560 451,032 2 , 649,002 1 , 917,237 117 117 2,212 2,222 2,222 Philadelphia & Reading s 8 , 328,475 880.432 9 , 728,276 523,504 1 , 897,234 97,173 3 , 237.331 5 , 926,529 3 , 801,747 266,553 977 3 , 534,217 3 , 316,478 1,125 Freight revenue____ . . Passenger revenue___ T o t ., incl. other rev. Expenses— M aint. way M aint. o f equipm ’t . T raffic expenses___ Transportation e x p . T o t .exp ., in cl. o th . N et from railroad____ T a xes________________ Uncollectible revenue. N et after taxes, & c. N et after rents______ A ver, miles o f r ’d oper. -------Month o f M ay------- — Jan. 1 to M ay 31 — 1923 . 1922 . 1923 . 1 92 2 . 8*1,591 4,178 89,460 21,248 43,705 1,746 32,176 105,436 — 15,976 141 Freight revenue______ Passenger revenue___ T o t ., incl. other rev. Expenses— M aint. way M aint. o f equipm ’t . T ra ffic expenses___ Transportation e xp . T o t.e x p ,in c l.o th . N et from railroad____ T a xes________________ Uncollectible revenue. N et after taxes, & c. N et after rents______ A ver, miles o f r ’d oper. — 16,117 23,059 102 32,878 4,333 38,911 24,687 33,822 1,320 20,189 86,528 — 47,617 113 — — 569,728 28,900 611,718 104,742 237,676 8,368 231,413 614,307 — 2,589 666 56 — 3,311 176,239 102 47,730 40,871 102 417,315 30,238 454,722 133,470 162,523 7,319 151,086 490,087 — 35,365 620 1 — 35,986 17,532 102 Pittsburgh & West Virginia E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., incl. other rev. Expenses— M aint .way M aint. o f equipm ’t . T ra ffic expenses___ Transportation e x p . T o t .exp ., incl.o th . N et from railroad____ T axes________________ U ncollectible revenue. N et after taxes, & c. N et after rents______ Aver, miles o f r ’d oper. 1923 . 1922 . 305,814 10,352 349,217 45,411 100,222 3,188 84,175 258,032 91,185 44,608 163,014 8,556 202,556 31,127 49,190 3,841 45,871 152,739 49,817 24,807 89 24,921 43,762 85 46,577 134,114 89 — Jan. 1 to M ay 31 — 1923 . 1922 . $ $ 1 , 302,678 960,339 46,034 46,498 1 , 506,711 1 , 162,800 158,003 128,932 429,927 358,361 16,703 17,167 411,749 279,972 1 , 142,455 908,203 364,256 254,597 205,628 127,166 ________ 89 158,628 127,342 598,904 312,617 89 85 Pittsburgh Shawmut & Northern E A R N IN G S . Freight revenue______ Passenger revenue___ T o t., incl. other rev. Expenses— M aint way M aint. o f equipm ’t . Traffic expenses___ Transportation exp . T ot.exp.,in cl.oth . N et from railroad____ T a xes________________ U ncollectible revenue. N et after taxes, & c. N et after rents______ A ver, miles o f r ’d oper. ------- Month o f M ay----- - — Jan. 1 to May 31— 1923 . 1922 . 1923 . 1922 . $ s $ s 106,635 63,508 608,382 401,407 4,873 5,633 38,101 35,744 661,245 451,477 114,751 72,625 129,286 80,539 33,140 19,303 208,376 221,934 47,864 33,775 9,014 7,830 1,928 1,697 281,742 202,748 33,742 48,275 660,956 549.680 125,303 108,925 289 — 98,203 — 10,552 — 36.300 2,206 12,066 11,134 2,351 2 ________ 191 — 38,506 — 11.968 — 109.337 — 12,905 6 , 29 i 89,626 — 108,411 — 44,080 210 210 210 210 P ort R eading E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., incl. other rev. Expenses— M aint. way M aint. o f eq u ip m 't. T raffic expenses___ Transportation e x p . T ot.ex p .,in cl.oth . Net from railroad____ T axes________________ Uncollectible revenue. N et after taxes, & c. N et after rents______ A ver, miles o f r ’d oper. ------- Month of May-------------Jan. 1 to M ay 31 — 1923 . 1922 . 1923 . 1922 . s S S S 161,694 29,018 1,021,574 626,083 223,074 20,541 6,320 229 76,758 105,077 117,997 14,796 83,350 24,086 3,387 229 36,726 65,659 17,691 14,753 1,310,033 78.213 43,127 1,145 481,831 615,107 694,926 69,316 906,333 94,226 26,594 1,145 295,052 425,959 489,374 74,547 103,201 46,022 21 2,938 3,186 21 625.610 264,001 21 405.827 108,261 21 Q uincy Omaha E A R N IN G S . & Kansas City ------- Month o f M ay------------- Jan. 1 to M ay 31— 1923 . 1922 . 1923 . 1922 . Freight revenue______ Passenger revenue___ T o t., incl. other rev. Expenses— M aint. way M aint. o f equipm ’t . T raffic expenses___ Transportation ex p . T ot .exp. .Incl.o t h . N et from railroad____ T axes________________ U ncollectible revenue. N et after taxes, & c. Net after rents_____ Aver, miles of r’d oper. 67,854 23,292 100,134 48,750 22,452 734 41.693 115.792 — 15,658 4,826 14 — 20.498 — 25,967 250 63,438 414,799 23,096 108,060 95,741 562,587 28,055 188,887 111.594 14,135 4,132 575 45,453 305,467 620.311 91,567 — 57,724 4,174 3,925 23,658 1 20 — 81,402 248 — 5,091 — 115,236 252 250 273,277 117.836 431,814 147.089 82.051 4.063 215.046 459,084 — 27,270 19,623 25 — 46.918 — 69,490 252 — Jan. 1 to 1923 . $ 2 , 616,583 1 , 858,739 5 , 372,322 467,497 729,754 44,409 1 , 924,026 3 , 427,692 1 , 944,630 292,682 113 1 , 651,835 1 , 299,226 117 M ay --------------- Jan. 1 to M ay 31— 1922 . 1923 1922 . 257,197 105,577 461,728 86,975 99,815 7,935 212,412 421,760 39,968 20,674 10 19,284 15,410 415 1 , 680,528 575,533 2 , 750,562 442,587 507,338 42,066 1 , 290,802 2 , 353,684 396,878 114,853 282,025 347,952 413 St. Louis Transfer M ay 31 — ------- Month o f M ay------- — Jan. 1 to M ay 31— 1922 . 1923. 1922. 1 23. 1922. $ s $ % % 2 , 190,352 1 , 534,338 4 , 447,303 67,162 62,820 357,691 308,119 458,348 5,972 10,954 23,900 48,354 623,034 0 2 ,6 7 0 4,954 18,603 20,786 40,444 169 176 825 953 1 , 593,875 36,136 33,187 188,639 164,488 2 , 949,145 40,689 51,064 237,992 243,370 1 , 498,158 26,473 11,756 119,699 64T749 241,400 366 Cr66 1,449 1,509 136 53 177 1 , 256,622 26,107 11,769 118,250 63,063 979,418 20,310 3,452 86,159 23,175 117 6 6 6 6 Rutland o f M ay --------------- Jan. 1 to M ay 31— -------- Month o f 1923 . 1922 . 1923 . 1922 . $ $ s 369,824 4 , 128,078 3 9 , 523,650 2 7 , 050,717 102,586 822.746 4 . 254.636 3 , 953,163 590,779 4 6 , 118,641 3 2 , 586,628 5 , 335,018 114,834 831,803 3 , 269.354 3 , 744,372 106,985 1 , 729,127 9 , 228,598 8 , 579,988 8,547 405,695 296,717 64,883 249,123 1 , 580,428 16 , 530,620 11 . 614,976 493,882 4 , 368,980 3 0 . 267.763 2 4 , 987,742 96,897 966,038 15 , 850,878 7 , 598,886 26,055 211,369 1 , 314,559 1 , 005,257 25,042 6,138 483 70,842 754,186 14 , 511.277 6 , 587,491 72,869 491,813 13 , 393,923 5 , 459,281 413 1,125 1 , 1.27 1,127 Pittsburgh & Shawmut E A R N IN G S . 11 RAILW AY EARNINGS 1 , 283,353 563,079 2 , 271,914 437,694 459,904 41,252 1 , 073,634 2 , 084,408 187,506 102,146 46 85,314 109,633 415 St. Louis-San Francisco System San Antonio & Aransas Pass ■-------Month o f M ay------1923. 1922. $ $ 351,875 359,236 60,010 64,643 452,609 461,255 100,810 98,122 124,158 110,878 10,628 9,657 187,587 198,789 444,498 443,409 8,111 17,846 15,040 13,642 570 9 — 7,499 4,195 — 3,780 — 11,710 739 739 — Jan. 1 to 1923. $ 1,539,989 306,657 2,006,801 509,611 623,345 54,278 913,993 2,215,211 — 208,410 75,182 2,829 — 286,421 — 225,921 739 M ay 31— 1922. $ 1,627,798 300,223 2,067,602 467,427 584,371 47,436 1,020,634 2,244,188 — 176,586 68,380 1,994 — 246,960 — 313,907 739 San Antonio Uvalde & Gulf S t. L o u is -S a n F r a n c is c o ------- Month o f M ay-------------Jan. 1 to M ay 31— ------- Month o f M ay-------------Jan. 1 to M ay 31— ■ 1923. 1922. 1923. 1922. 1923 . 1922 . 1923 . 1922 . 5 . 110.645 5 , 106,603 2 4 , 694,064 2 2 , 455,644 135,780 74,675 354,011 3*1,557 1 . 650.646 1 . 610,107 7 , 618,682 7 , 059,359 14,836 17,847 85,246 81.965 7 ,42tt,031 7 , 226,542 3 4 , 955,923 3 1 , 853,830 162,083 102,831 486,903 445,438 1 , 041,695 1 , 362,100 3 , 726,218 4 , 534,708 19,935 15,114 77,662 71,069 1 , 565,333 1 , 357,894 7 , 167,155 6 , 174,716 16,826 13,300 70,891 60,072 94,390 82,006 453,309 412,019 3,922 2,515 18,588 14,207 2 , 604.379 2 , 344,506 13 . 157,944 11 , 748,332 56,987 37,810 204,747 174,450 5 ,448,965 5 , 317,418 2 5 , 227,652 2 3 , 715,573 103,945 75,078 405,634 350,909 1 , 977,666 1 , 911,124 9 , 728,271 8 , 138,257 58,138 27,753 81,269 94,529 338,346 365,908 1 , 635,518 1 , 627,684 4,329 2,819 16,802 14,304 1,319 2,971 21,716 10,595 5 155 250 450 1 , 638.001 1 , 542,245 8 , 082.158 6 ,488,857 53,804 24,779 64,217 79,775 1 , 636,086 1 , 511,849 7 , 765,159 6 , 607,488 54,969 8,684 19,139 23,887 4,751 4,760 4,760 4,751 317 317 317 317 F o r t W o r t h & R io G r a n d e Seaboard Air Line -M on th o f M ay-------------Jan. 1 to M ay 31— 1923 . 1922 . 1923 . 1922 . 1922. 1923. 1922. $ .$ $ $ $ 7*9,846 52,376 362,023 303,246 2.855,411 16,143,583 13,061,524 24,778 32,570 127,143 136,179 625,938 4,4 7 2 ,869 3,900,049 117,215 96,256 537,903 490,628 3 -889,589 22,839,175 18,826,308 37,728 54,117 129,397 218,723 448,702 2,808,718 2,045,657 27,803 22,248 127,943 110,878 643,130 3,971,938 3,241,754 2,876 2,861 15,201 13,608 124,125 737,784 622,834 63,270 48,033 294,167 253,333 1,578,386 9,280 635 137,438 132,696 587,496 622,650 3,471,190 2,984,998 17,844,279 14,958,354 — 20,223 — 36,440 — 49,593 — 132,022 981,360 904,591 4,994,896' 3,867,954 3,775 3,539 18,875 17,691 175,000 175,000 875,000 855,000 93 109 1,730 1,710 478 4,564 2,009 — 24,091 — 39,979 — 68,577 — 151,443 804,650 729,113 4,115,332 3,010,945 — 32,938 — 45,209 — 112,498 — 176,693 629,540 450,624 2,875,170 1,581,427' 235 235 235 235 3,577 3,576 3,575 3,576 S t. L o u is S a n F r a n c is c o & T exa s Southern Railway System ------- Month o f M ay------------- Jan. 1 to M ay 31 — S o u t h e r n R a ilw a y 1923 . 1922 . 1923 . 1922 . — T ~¥onth ° f M aV-------------Jan- 1 to M ay 31— 1923. 1922. 1923. 1922 103,825 109,188 503,248 533,518 9,264,139 7,656,637 44,556,297 35 465 200 13,224 15,007 67,794 73,074 2,714,995 2,414,882 12,819,715 11 417’491 123,472 132,187 602,029 639,337 1f 948,543 10,842,694 61,863,002 50,609,671 26,722 30,335 133,166 156,076 1,774,607 1,534,725 8,397,068 7,258,120 26,025 24,868 111,716 123,189 2,411,403 2,110,842 11,454,438 9 ^ 9 2 499 3,656 3,869 19,224 18,141 243,164 217,812 1,124,158 1,038,237 56,816 53,185 274,453 278,262 4,750,798 4,031,553 23,639,387 20,368,404 121,868 119,198 580,597 608,807 9,580,476 8,285,303 46,589,306 40,167^284 1,604 12,989 21,432 30,530 3,368,067 2,557,391 15,273,696 10,4427387 2,043 1,864 10,215 9,321 582,732 489,336 2,693,709 2,271,527 189 646 544 Cr47 10,023 9,071 35!582 — 628 11,125 10,571 20,665 2,785,382 2 ,0 5 8 ,032 12,570,916 8,135,278 — 24,025 — 9,231 — 97,454 — 83,255 2,419,670 1,648,355 11,178,034 6,456,690 134 134 134 134 6,971 6,971 6,971 6,971 St. Louis S outhw estern System A la b a m a G r e a t S o u t h e r n St. L o u is S o u t h w e s te r n -M onth o f May- ------------Jan. 1 to M ay 31-------Month o f M ay------------- Jan. 1 to M ay 31— 1922 1923. 1922. 1923. 1922, 1923. 1922. $ 1,373,979 1,214,260 7,785,517 5,985,649 702, 163,451 125,005 757,826 629,589 153, 1 , 634,754 1,404,548 8,977,975 6,901,604 4,496,526 202,398 189,971 1,014,085 1,048,563 504,490 309,336 220,308 1,691,731 1,094,186 789,947 44,159 38,877 219,037 217,548 100,773 416,179 356,875 2,357,946 1,815,169 1,510,566 1,034,919 863,713 5 , 591,223 4,467,256 3,054,332 599,835 540,835 3,386,752 2,434,348 1,442,194 ‘ 87,703 66,635 436,751 289,647 268,374 112 709 1,810 1,990 3,111 512,020 473,491 2,948,191 2,142.711 1,170,709 486,333 460,293 2,607,240’ 1,9567339 0 9 f '=T, 180,954* 968 968 968 968 i 318 318 S t. L o u is S o u t h w e s te r n R y . o f T exa s C in c in n a t i N ew O rle a n s & T exa s Pacific ------- Month o f M ay-------------Jan. 1 to M ay 31 — — Month o f M ay------ - — Jan. 1 to M ay 31— 1923 . 1922 . 1923 . 1922 . s s % $ 443,789 460,211 2,404,589 2,206,515 111,183 83,266 474,604 419,741 617,026 579,131 3 , 098,539 2,803,441! 142,259 218,416 70.5,714 954,4901 242,6S1 161,920 1 , 234,919 823,987j 20,105 18,959 101,013 98,173 308,521 • 293,392 1 , 728,221 1.501.26711 748,336 719,283 3,926,173 3,526,479 — 131,310 — 140,152 — 827 , 634' — 7237038 27,321 24,000 134,200 120,000 236 17 737 181 — 158,867 — 164.169 — 962,571 — 843,219 — 133,236 — 150,465 — 869,464 — 813,112 807 807 807 807 RAILW AY EARNINGS 12 E A R N IN G S . Freight revenue---------Passenger revenue___ T o t., incl. other rev. Expenses— M aint. way M aint. o f equipm ’tTraffic expenses---Transportation ex p . T o t .exp ., in cl.o th . N et from railroadT axes ---------------------Uncollectible revenue. N et after taxes, &c_ Net after rents---------Aver, miles o f r'd oper. E A R N IN G S . Freight revenue---------Passenger revenue----T o t., incl. other rev. Expenses— M aint. way M aint. o f equipm ’tTraffic expenses---Transportation exp . T o t.ex p .,in cl.oth . N et from railroad-----T a x e s .. ----------------U ncollectible revenue. N et after taxes, & c. N et after rents . . . Aver, miles o f r ’d oper. E A R N IN G S . Passenger revenue----T o t ., incl. other rev. Expenses— M aint. way M aint. o f equipm ’t . T raffic expen ses.. . Transportation exp . T ot.ex p-.ln cl.oth . N et from railroad-----U ncollectible revenue. N et after taxes, & c. N et after rents---------Aver, miles o f r ’d oper. [ V ol. 117. Southern Railway System ( C o n c l .) Southern Pacific System ( C o n c l .) Staten Island Rapid Transit ------- Month o f M ay------------- Jan. 1 to M ay 31— G e o r g ia S o u t h e r n & F lo r id a H o u s t o n Ss T exa s C e n tra l ------- Month o f May------------- Jan. 1 to M ay 31— ------- Month o f May------------- Jan. 1 to M ay 31— 1923. 1922. 1923. 1922. 1023. 1922 1923 1923. 1923. 1922. 1923. 1922. 309,423 273,816 1,407,355 1,311,196 74,871 78,387 41*5,165 41*2,533 764,328 762,584 3,769,698 4,000,603 106,937 111,315 439,306 448,579 109,656 102,113 573,935 508,342 249,277 271,551 1,239,823 1,440,308 949,542 957,912 1,090,738 1,119,213 5,386,657 5,809,452 452,073 404,562 2,160,664 1,964,203 215,258 215,505 235.243 68,114 129,725 334,235 316,289 197,265 71,539 55,694 203,323 1,209,719 1,043,370 21,336 157,781 350,500 176,483 339,440 242,903 69,535 77,590 223,686 1,222,235 1,136,569 35,734 25,530 9,822 25,292 9,547 9.114 44,243 8,705 43,533 24,033 127,334 117,226 2,657 2,397 852,500 572,104 559,284 421,709 191,430 169,208 900,825 423,265 2,076,844 2,168,810 117,552 120,527 955.297 1.030,904 929,775 912,709 4,855,644 4,665,866 226,594 354,787 326,406 1,690,583 1,640,463 192,919 — 81,362 470,08 f 323,740 160,963 208,504 — 11,336 2,615 78,156 531,013’ 1,143,586 22,586 97,286 81,000 77,500 99,590 52,562 43,718 80,324 262,857 219,537 18,000 19,316 18,641 12,500 3,527 3,021 1,936 Cr 73 463 1,594 736 7,938 1,561 323 105 207 106,465 — 75,348 — 165,889 57,921 369,755 240,395 162,859 260,218 922,488 — 29,659 77,865 9,879 215.350 ^ 137,636 61,265 137,506 69,662' 736,301 — 4,872 — 42,356 — 158,682 — 235,111 47,095 44,887 23 402 923 23 402 923 923 923 23 23 402 402 H o u s t o n E ast & W e st T exa s N ew O rlea n s & N o r th e a s te r n E R . Tennessee Central — Jan. 1 to May 31— ------- Month o f M ay—— ■ — Jan. 1 to M ay 31— ------- Month o f May------- — Jan. 1 to M ay 31— ------- Month o f M an------- ■ 1923. 1922. 1922. 1922. 1922. 1923. 1922. 1923. 1923. 1923. 1922. 1923. <5 S S % $ % S S $ S $ S 702,783 180,200 188,299 902.726 883,176 159,722 1,027,903 226,022 449,947 398,530 2,248,242 1,934,435 192,146 43,430 204,682 375,481 41.469 190,239 43.362 208,628 44,516 78,046 400,185 87,588 956,243 236,526 242,783 1,177,203 1,131,071 215,479 1,299,795 284,068 598,952 538,324 2,950,210 2,562,252 152,558 55,119 50,706 243,477 33,006 194,207 390,532 346,816 286,965 48,926 73,145 79,864 164,647 52,467 48.322 242,089 211,738 521,511 282,194 34,915 545.771 41,253 116,662 115,373 25,902 55,150 3,598 16,570 29,121 3,317 17,301 5,818 53,904 6,058 10.776 10,169 101,152 401,820 486,904 503,013 90,028 480,648 83,739 105,653 218,016 1,080,750 1,141,576 214,237 782,921 986,212 221,103 198,550 1,107,111 1,024,836 164,977 211,991 438,433 437,403 2,164,966 2,169,826 173,322 392,426 15,423 106,235 313,583 44,233 70,092 50,502 785,244 100,921 72,077 160,519 19,938 8,268 196,215 7,749 31,637 25,877 41,377 3,920 257,453 5.069 50,069 36,371 73 105 10 97 495 305 1.267 1,263 94 730 1 153,311 7,050 287,609 195,716 36,474 27,452 74,293 46,582 526.524 b6,914 109,720 64,549 63,980 — 507 14,138 187,145 162,669 26,668 — 32,094" 26.760 70.016 483,313’ 48,400 101,254 292 287 191 191 191 292 207 191 207 207 207 287 L o u is ia n a W e ste rn N o r t h e r n A la b a m a Terminal RR. Ass’n of St. Louis -------Month of Mail------- — Jan. 1 to M ay 31— -------Month o f M ay—■— — Jan. 1 to M ay 31— T e rm in a l R a ilr o a d A s s o c ia tio n o f S t. L o u i s 1922. 1922. —■ — Month o f M ay------- — Jan. 1 to M ay 31— 1923. 1923. 1922. 1923. 1922. 1923 1922. S S S 1922. 1923 1923. 8 * $ S $ 113 13Q 267,470 035 438 905 220.83S 1,375,767 1.256,835 80,790 82,283 424,160 420,833 56,020 63^240 13,351 13,167 375,177 325,564 1,932,413 1,797,492 381,204 2,080,052 1,900,451 506,931 129,194 703.527 451,780 157,913 360,688 81,686 320,662 327,164 431,620 63.114 68,046 88,465 117,655 91,053 17,412 26,008 182,114 72,185 360,764 343,597 186,609 26,138 72,331 37,281 6,012 30,814 15,627 4,139 5,604 8,342 48,406 4,972 9,548 44,731 6,592 1.078 10.11 1 1,019 2,245 1,223 623,512 703,128 117,320 570,297 531,751 96,976 116,034 191,761 149,086 48,672 2X1,389 48,736 1,223,556 1,375,674 282,708 321,732 267,283 1,403,803 1,358,083 253,327 417,344 77,324 267,177 84,447 676,895 439,409 92,469 58,281 528,610 704,378 127,877 51,870 286,183 - 185,199 184,603 73,466 135,739 261,820 28,162 19,020 150,017 308,178 20,243 58,065 33,022 54,287 9,142 4,055 464 1,230 12 5 580 51 51 161 19 394 414,611 64,295 39,256 378,542 302,440 395,620 164,905 69,651 253.142 129,922 47,815 64,324 992,176 66,916 367,960 295,141 41,617 63,992 146,366 189,711 1,006,569 252,221 32,569 18,732 37 207 207 207 207 no no 37 37 37 110 110 Southern Pacific System E A R N IN G S . Passenger revenue----T o t ., Incl. other rev. M aint. o f equipm ’tT ra ffic e x p e n se s ... Transportation e xp . T o t .ex p ., incl.o t h . N et from railroad-----U ncollectible revenue. N et after taxes. & c. N et after rents---------Aver, miles o f r*d op er. S t. Louis M erchants Bridge Term inal M organ’s Louisiana & Texas S B . ------- Month o f May------- — Jan. 1 to M ay 31— ------- Month o f M ay------- — Jan. 1 to M ay 31— S o u t h e r n P a c ific 1922. 1923. 1922. 1923. 1922. 1922. 1923. 1923. -------Month o f Mail— — - — Jan. 1 to M ay 31— S % S $ 1922. S 1 1923. S s 1922. 1923. 49 Qfi1 345 501,300 438,186 2 663,510 2,227,840 142,958 139,663 756,372 728,318 3,746,465 3,550,657 17 i931 i813 16!997,753 281,595 2,124,957 1,503,237 702,321 635,975 3,713,489 3,222,773 403,245 16.573.262 14.939.705 75,625,405 66,464,936 196,908 229,387 142,721 703,467 43,240 164,601 830,435 39,618 2,213,819 1,985,921 10,787,590 9,677,139 122,637 140,535 725,781 31,841 159,038 141,245 785,359 12,494,475 3,875 14,088,200 2,842,988 2,661,983 4,999 4,563 952 16,169 82,089 83,259 15,923 938 223,199 1,392,143 1,147,772 259,939 718,099 971,916 132,887 292,924 260,900 1,457,046 1,334,952 182,659 5,416,264 4,945,172 25,063,154 23,691,042 666,449 212,890 1,377,959 1,006,494 601,830 3,317,457 3,041,194 233,019 11,455,399 10,512,612 54,877,615 50,404,342 436,743 746,998 35,872 396,032 181,579 68,705 34,145 170,226 5,117,863 4,427,093 20,747,790 16,060,594 98,300 158,355 47,610 233,642 17,536 229,560 51,191 46,845 1,276,872 1,328,268 6,318,046 6,732,423 278 25 4 34,300 303 1,029 1,112 431 16,940 25 13,591 2,394 338,165 588,618 — 13,768 165,443 51,165 9,293,871 — 11,404 — 53,175 119,010 3,838,597 3,085,234 14,412,804 443,728 557,182 — 8,098 32,832 — 129,103 76,361 — 28,115 103,910 3,627,487 " 2,999,867 13,841,843 9,167,649 9 9 400 400 9 7,117 400 400 9 7,116 7,119 7,117 1923. s 285,819 30,469 335,300 39,165 46,819 3,754 81,614 190,014 145,286 27,359 15 117,912 102 .13S 382 Passenger revenue— T o t.. Incl. other rev. Expenses— M aint. way M aint. o f equipm ’tTraffic expenses— Transportation exp . T o t .exp .. incl.o th . N et from railroad-----U ncollectible revenue. N et after taxes, &c_ N et after rente---------A ver. miles o f r'd op er. E A R N IN G S . Freight revenue---------Passenger revenue----T o t ., incl. other rev. Expenses— M aint. way M aint. o f equipm ’t T raffic expenses— Transportation e xp . T o t .exp., incl.o t h . N et from railroad-----T axes------------------------U ncollectible revenue. N et after taxes, N et after rents---------Aver, miles o f r ’d oper. E A R N IN G S . Freight revenue---------Passenger revenue----T o t., incl. other rev. Expenses— M aint. way M aint. o f equipm ’t . T raffic expenses — Transportation e xp . T ot.ex p.,in cl.oth . N e t from railroad-----T a xes---------------- --------Uncollectible revenue. N et after taxes. & c. N et after r e n t s . -----Aver, miles o f r ’d oper. 1922. S 284,602 27,640 328,158 30,399 33,840 3,399 85,443 172,004 156,154 23,712 9 132,433 113,139 382 1923. 8 1,311.163 153,247 1,544,807 203,776 233,867 14,574 383,466 931,738 613.069 134,565 92 478,412 414.967 382 Texas & Pacific T exa s & N ew O rlea n s A r iz o n a E astern E A R N IN G S . 1922. % 1,016,539 140,936 1,213,049 140,206 139,634 14,777 350,140 744,649 468.400 119,332 80 348,988 284,300 382 1923. S 541,508 154,844 742,821 179,921 175,134 13,242 251,739 651,615 91,206 28,409 163 62,634 52.099 507 1922. S 463,046 156,555 667,929 138,369 183,276 10,319 255,584 616.104 51,825 22,184 25 29,616 5,692 507 1923. S 2,594,402 769,302 3,614,540 955,278 871.169 67,192 1,335,566 3,370,845 243,695 142,215 1,319 100,161 5,065 507 1922. ? 2,687,122 757,864 3,660,476 703,151 904,519 55,127 1,338,303 3,159,215 501,261 114,950 1,323 384,988 227,598 507 1922. 1923......... J 1922. 1923. S S * $ 1,641,503 1,609,390 8,726,027 8,109,153 564,484 577,725 2,849,865 2,777,850 2,429,882 2,378,881 12,597,990 .1,803,964 460,419 1,759,901 2,218,215 345,219 345,005 3,439,298 2,439,096 517,656 233,049 249,157 46,803 50,922 894,754 4,911,910 4,682,221 924,365 10,099,756 10,904,952 1,930,898 1,845,762 533,119 1,693,038 1,704,208 498,984 500,000 575,365 100,000 100.000 1,179 11,440 612 2,275 432,507 1,181,598 1,127,664 396,709 592,684 778,459 379,358 354,163 1,952 1,952 1,952 1,952 A tla n t ic S te a m sh ip L in es Spokane International Toledo -------Month o f May------- - — Jan. 1 to May 31— ------- Month o f M ay------- — Jan. 1 to M ay 31— ------- Month o f 1923. 1922. 1922. 1923. 1922. 1923. 1922. 1923. 1923. 8 S % S * $ $ S S 64,878 67,983 387,901 371,218 1,063.116 1,041,825 858,832 5,140,411 4,250,835 261,116 14,889 11,458 81,354 52,944 284.519 47,600 31,866 56,665 86,123 84,582 496,629 959,186 5,692,383 4,752,101 444,787 1,152,079 1,156,737 74,458 61,128 17,610 14,046 16,865 68,040 70,351 17,872 132,309 791,979 53,462 842,152 12,238 8,545 39,366 204,225 159,242 168,443 94,088 2,724 102,229 3,017 16,012 14,592 25,433 20,732 16,972 33,556 32,771 189,701 175,368 521,788 3,436,016 2,712,646 709,592 325,803 72,323 68.193 360,624 791,908 4,593.209 3,789,664 334,183 661,774 940,403 962,437 13,800 16,389 110.604 167,278 1,099,174 136,005 211,676 494,963 58,740 57,201 5,840 27,428 11,168 5,485 28,890 11,397 77,697 4,092 8 201 3,174 68 899,605 7,952 10.904 106,914 83,108 152,936 1,041,973 200,279 417,266 900,610 1,445 4,189 68,798 49,492 2007279 " 152,971 1,041,583 342,100 165 165 165 165 454 St. Louis & Western M ay------- — Jan. 1 to 1923. 1922. S S 830,508 5,124,260 145,739 26,019 908,051 5,515,973 611,417 108,179 149,494 740.035 106,210 20.155 261,672 1,681,399 565,570 3,242,039 342,481 2,273,934 368,449 48,000 172 445 294,036 1,905,313 252,620 1,590,644 454 454 M ay 31— ■ 1922. S 3,677,768 125,127 3,988,650 490,681 676,971 108,450 1,301,020 2,706,857 1,281,793 234,000 1,071 1,046,722 955,510 454 G a lv e s to n H a rris b u rg & S an A n t o n io Spokane Portland & Seattle Ulster & Delaware ------- Month o f M ay------- — Jan. 1 to May 31— ------- Month o f M ay—— — Jan. 1 to M ay 31— ------- Month o f M ay— —- — Jan. 1 to M ay 31— 1923. 1922. 1922. 1923. 1923. 1923. 1922. 1922. 1922. 1923. 1922. 1923. $ $ $ $ S $ * $ S % $ $ 493,214 421,773 2,236,986 1,888,326 90,332 293,101 1,310,891 1,357,871 6,522,555 6,359,602 62,389 341,703 135,065 138,605 622,727 371,823 2,011,325 1,799,501 616,275 102,094 111,356 392,743 21,259 31,281 692,082 607,265 3,161,204 2,743,576 1,824,955 1,787,795 9,076,691 8,645,729 150,604 133,778 623,916 562,540 408,422 341,242 1,937,302 1,626,968 91,527 63,609 361,184 288,422 18,121 88,299 22,395 84,511 131,480 373,965 1,936,705 1,767,173 89,367 551,828 386,343 426,690 24,299 23,216 114,289 105,487 220,262 9,556 9,894 46,361 45,583 34,133 186,579 46,289 3,556 10,883 3,471 10,463 756,856 707,034 3,646,743 3,497,905 200,949 194,792 986,308 946,342 71,024 308,762 65,075 289,793 460.966 1,680,323 1,535,327 8,073,433 7,471,213 385,903 2,093,286 1.844,731 124,986 536,282 122,643 558,281 231,116 144,632 252,468 1,003,258 1,174,516 221,362 1,067,918 898,845 25,618 11,135 65,635 26,258 50,250 299,388 59,843 253,791 75,005 84,100 375,008 420,500 6,002 6,003 30,009 30,045 898 3,630 38 1,161 6,086 207 472 634 1 16 83,628 201,320 697,784 917,095 156,073 692,438 137,055 477,711 19,615 5,132 35,610 — 3,787 188,661 46,695 501,923 663,275 130,006 122,948 627,270 418,647 13,084 1,046 13,139 — 22,045 1,379 1,379 1,379 1,379 554 554 551 551 128 128 128 128 J uly, 1923.] E A R N IN G S . Freight revenue______ Passenger r e v e n u e .,. T o t ., incl. other rev. Expenses— M aint. way M aint. o f eq u lp m 't. Traffic expenses___ Transportation exp . T ot.ex p. .incl.oth. Net from railroad____ Taxes________________ U ncollectible revenue. N et after taxes, &c_ N et after rents______ Aver, miles o f r'd oper. E A R N IN G S . Freight revenue______ Passenger revenue___ T o t., incl. other rev. Expenses— M aint. way M aint. o f equlpm "t. T raffic expenses___ Transportation e xp . T ot.exp.,In cl.oth N et from railroad____ T a xes________________ U ncollectible revenue. N et after taxes, & c. N et after rents______ A ver, miles o f r ’d oper. E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., incl. other rev. Expenses— M aint. way M aint. o f equipm ’t . T ra ffic expenses___ IVansportation ex p . T o t.e x p . .Incl .o th . N et from railroad____ T axes________________ Uncollectible revenue. N et after taxes, & c. N et after rents______ A ver, miles o f r ’d oper. E A R N IN G S . Freight revenue______ Passenger revenue___ T o t., incl. other rev. Expenses— M aint. way M aint. o f equipm ’t . T ra ffic expenses___ Transportation e xp . T ot.ex p.,In cl.oth . N et from railroad____ T axes________________ U ncollectible revenue. N et after taxes, &c_ N et after rents______ Aver, miles o f r ’d oper. U n io n P a c ific S y ste m ------- Month o f U n io n P a c ific ------- Month o f M ay-------------Jan. 1 to M ay 31— 1923. 1«23. 1962. 1823. 1922. S 107,672 6,436,231 5,746,757 31,718,665 27,161,756 501 1,544,898 1,466,591 6,555,297 6,392,010 108,880 8,839,060 7,985,410 42,080,818 37,000,258 24,222 1,531,501 1,207,390 4,735,899 3,775,254 36,624 1,887,320 1,790,743 9,652,104 8,358,739 344 690,354 655,638 169,328 165,630 27,553 2,499,953 2,066,630 12,698,639 11,314,412 94,104 6,507,051 5,720,928 29,877,074 26,370,368 14,776 2,332,009 2,264,482 12,203,744 10,629,890 5,143 562,955 567,085 2,818,012 2,837,240 1,891 8 5,613 1,908 9,633 1,767,146 1,697,389 9,380,119 7,790,759 4,689 1,762,413 1,670,650 9,598,174 "7,618,411 102 3.708 3,673 3,708 3,707 W e s t e r n M a r y la n d U ta h M ay-------- — Jan. 1 to M ay 31— ------- Month o f M ay------------- Jan. 1 to 192 3 . 1922. 1923. 1922. 1923. 1922. $ % $ S s 1,951,969 1,057,391 8,758,021 117,043 589,801 588,256 73,052 69,304 361,638 546 3,185 4,151 120,460 597,576 601,498 2,133,409 1,218,784 9,646,523 26,540 86,474 74,936 266,765 161,188 1,047,827 188,160 258,842 2,537,194 35,893 181,327 559,151 177,667 40,160 37,216 622 1 ,737 1,811 721,849 452,886 3,481,386 25,838 172,192 141,910 93,377 475,408 423,008 1,647,904 983,085 7,559,863 122,168 178,490 235,699 2,086,660 27,083 485,505 375,000 6,156 34,430 33,697 90,000 40,000 O r e g o n S h o r t L in e V ic k s b u r g ------- Month o f M ay------- — Jan. 1 to M ay 31— —■— Month o f 1923. 1922. 1923. 1922. 1923. S $ S % $ 227,396 2,171,993 2,035,308 11,456,698 10,556,235 97,035 431.592 426,231 1,977,677 2,022,476 352,000 2,823,023 2,678,967 14,469,805 13,576,279 54,041 616,161 565,489 2,296,445 1,891,733 64,485 638,340 3,053,733 2,819,037 613,952 12,654 223,205 216,456 49,856 46,873 112,333 881,178 822,787 4,787,133 4,389,238 259,354 2,324,343 2,251,556 11,150,071 10,185,712 92,646 498,680 427,411 3,319,734 3,390,567 34,335 251,862 274,283 1,259,313 1,371,316 216 4,376 162 85 2,103 58,095 246,656 153,213 2,058,318 2,014,875 46,941 233,872 135,819 1,913,654 1,906,342 188 2,359 2,366 2,359 2,366 O reg on W a s h in g t o n H R . & N a v ig a t io n -------Month o f M ay------- — Jan. 1 to M ay 31— 1922. 1923. 1922. 1923. 8 S $ $ 1,638,928 1,526,495 7,965,618 7,359,966 450,565 447,461 2,105,150 2,066,271 2,292,127 2,197,756 11,046,163 10,355,677 505,825 613,186 2,166,375 2,111,608 410,927 443,023 2,168,550 2,056,640 68,907 59,405 301,714 291.551 921,669 952,717 5,084,474 4,767,434 __________ 2,042,749 2,225,492 10,403,285 9,985,268 370,409 — 27,736 642,878 249,378 906,392 166,760 833,442 181,078 089 132 101 535 82,486 208,713 — 191,099 — 535,894 7,337 — 281,531 — 518,606 — 917,584 2,222 2,238 2,237 2,237 S h revep ort & M ay------- — Jan. 1 to 1922. 1923. S S 213,626 1,161,940 92,656 463,298 329,043 1,768,693 80,551 234,459 54,977 307,633 10,017 55,411 114,603 585,684 275,631 1,264,212 53,412 504,421 148,330 18,743 97 2,203 34,572 358,888 21,754 301,224 178 171 S t. J o s e p h & G r a n d I s la n d ------- Month o f M ay------- — Jan. 1 to 1923. 1922. 1923. S S $ 224,999 224,684 1,132,165 26,742 28,317 121,773 271,641 270,306 1,334,969 65,197 59,880 198,768 55,700 251,298 56,403 2,741 12,494 2.333 104,772 106,782 603,612 241,274 237,137 1,129,052 30,367 33,169 205,917 13,146 17,715 65,774 221 321 17,000 15,454 139,822 5,180 3.433 75,216 258 258 258 Freight revenue______ Passenger revenue___ T o t., incl. other rev. Expenses— M aint. way M aint. o f eq u lp m 't. T raffic expenses___ Transportation e xp . T ot.ex p. .incl.oth. N et from railroad____ T a xes________________ Uncollectible revenue. N e t after taxes. &e. N et after rents______ Avar, miles o f r ’d oper. 20,927 5,681 102 — 87,738 60,052 102 __________ V ir g in ia n M ay 31— ------- Month o f May------- — Jan. 1 to 1923. 1922. 1923. 1922. S 8 $ $ 1,968,344 1,802,279 8,398,665 1,072,272 71,972 63,425 356,223 126,932 2,162,397 1,993,707 9,280,884 1,270,701 170,243 192,493 857,249 191,707 441,969 428,100 1,975,197 239,797 12,309 12,328 58,277 12,821 533,283 401,974 2,463,646 556,766 1,192,137 1,062,058 5,530,429 1,061,491 970,260 931,649 3,750,455 209,210 99,360 118,722 514,180 88,734 6 4 58 93 870,894 812,923 3,236,217 120,383 819,921 3,436,911 893,207 78,823 540 526 540 258 Union RR. (of Pennsylvania) E A R N IN G S . 13 RAILW AY EARNINGS Wabash 144,793 89,500 102 195,699 182,776 804 W estern P a c ific M ay 31— ------- Month o f May------1922. 1923. 1922. $ $ I 987,720 823,831 608,522 441,750 192,836 185,196 1,534,462 1,116,514 866,010 262,392 178,469 196,057 280,289 194,762 170,622 51,840 36,160 36,293 583,229 365,017 318,768 1,254,965 827,212 775,880 279,497 289,302 90,130 95,562 78,624 86,641 287 51 38 183,648 210,627 3,451 141,539 260,628 36,903 171 1,043 1,043 __________ 1,711,660 1,873,211 804 1,421,666 1,227,687 804 P a c ific — Jan. 1 to 1923. $ 3,498,321 743,280 4,617,919 717,760 971,417 167,408 1,732,463 3,826,050 791,869 384,844 401 406,624 728,672 1,043 M ay 31— 1922. 8 3,026,609 708,643 4,025,499 692,748 810,919 158,784 1,700,004 3,642,335 383,164 431,864 263 — 48,963 105,234 1,041 W e s t e r n R y . o f A la b a m a ------- Month o f M ay------- — Jan. 1 to May 31— 1923. 1922. 1922. 1928. $ S S S 133,513 562,269 132,494 756,021 305,054 66,311 70,085 342,197 226,663 223,465 1,204,449 981,351 123,230 30,025 22,946 154,815 48,332 236,716 47,806 218,829 11,324 42,267 8,609 51,782 333,286 74,885 64,021 385,134 803,690 178,724 156,759 882,785 47,939 177,661 66,706 321,664 7,227 13,420 43,701 70,628 3 66 3 73 40,646 53,283 133,957 250,963 43,825 244,350 133,628 54,528 133 133 133 133 W h e e lin g & M ay 31— -------Month o f M ay------1922. 1923. 19&2. 8 S $ 1,633,822 1,033,021 7,573,457 56,874 70,760 308,325 8,415,944 1,828,952 1,190,790 905,084 204,778 212,445 496,180 236,969 2,080,137 16,586 19,231 58,685 1,805,394 556,236 398,665 1,314,706 904,362 5,001,905 3,414,039 514,246 286,428 528,485 115,697 117,963 137 398,549 2,885,417 168,465 331,327 162,341 2,949,007 526 511 511 ------- Month o f M ay------- — Jan. 1 to M ay 31— — — Month of M ay------- — Jan. 1 to M ay 31— 1923. 1922. 1923. 1922. 1923. 1923. 1922. 1922. S $ 8 S $ s S S 4,456,361 3,730,811 20,783,505 18,289,571 800,654 808,742 3,480,102 3,510,231 1,161,899 1,015,672 4,746,195 3,879,149 5,721,077 4,900,012 26,225.365 23,268.213 775,990 76,061 303,777 713,645 3,300,047 3,189,846 74,613 303,711 239,812 1,232,666 1,062,193 5,639,385 4,785,494 193,896 977,503 903,472 162 864 195 121,757 119,267 1,031 588.931 579,688 509,168 390,901 2,383,536 1,682,483 2,026,637 1,932,241 10,254,422 9,922,114 832,501 666,464 3,703,133 2,925,530 4,333,513 4,003,201 20,635,388 19,357,232 329,398 1,387,564 349,208 1,043,062 896,811 5,589,977 3,910,981 953,619 75,125 13,830 188,775 188,556 189,125 66,660 943,875 942,781 8,642 2,888 14,540 8,219 254,273 335,378 853,937 886,959 1,190,147 705,367 4,631,562 2,959,981 366,285 393,481 1,303,972 1,176,061 999,816 432,659 3,330,297 1,629,491 45 45 2,472 2,472 45 45 2,472 2,472 395,505 412,278 804 M ay 31— 1922. 8 6,047,099 355,821 6,914,373 894,391 1,405,677 159,417 2,466,085 5,262,707 1,651,666 230,000 L a k e E r ie — Jan. 1 to M ay 31— 1983. 1922. S S 5,938,674 4,782,491 291,634 345,871 6,756,956 5,476,278 787,566 693,227 2,117,650 1,133,439 88,394 75,671 2,353,550 1,962,669 5,422,344 4,161,628 1,334,612 1,314,650 548,815 516,785 34 246 817,793 765,589 664,857 654,825 511 511 Wichita Falls & Northwestern Missouri Kansas & Texas 14 [V ol. 117. RAILW AY EARNINGS COMPANY RETURNS All the figures in the foregoing pages are transcripts of the monthly returns as filed with the Inter-State Commerce Commiseion at Washington. A few railroad companies also issue monthly statements of their own, and sometimes these company state ments go beyond the requirements of the Commission and give added items of information. Besides this, a number of companies — notably the Pennsylvania Railroad— issue consolidated statements, showing results for the system as a whole, whereas the Com merce Commission requires returns from each constituent road separately. 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 to gether here all the company statements where they differ in any way from the returns to the Commission, or where they embrace more facts than are contained in such 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. Pennsylvania System The Kansas City Southern ------- Month o f May------- — Jan. 1 to M ay 31— 1923. 1922. 1923. 1922. $ $ Revenues— $ $ F reigh t_________________ __________ 49,130,209 36,156,577 211822,792 175039,502 Passenger__________________________ 14,889,524 13,959,109 71,035,519 65,634,618 M a il...................... 925,131 906,339 4,493,307 4,359,191 Express____________________________ 1,825,303 1,194,308 8,675,010 5,322,280 A ll other transportation___________ 1,365,346 1,340,254 6,072,900 5,688,446 Incidental_________________________ 1,851,795 1,648,438 8,863,570 7,595,084 344,014 180,447 Joint facility— C red it_____________ 56,206 30,527 218,718 109,250 Joint facility— D e b it______________ 31,847 20,548 R ailw ay operating revenues____70,011,667 55,215,004 311088,394 263710,318 Expenses__ M aintenance o f w ay and structures 9,430,582 7,535,228 32,753,488 29,528,961 M aintenance o f equipm ent________ 17,524,352 3,385,605 81,933,201 67,438,834 T ra ffic____________ 659,271 613,949 3,273,609 3,012,211 T ransportation____________________ 26.028,685 20,042,816 128645,881 101434,973 M iscellaneous operations__________ 835,450 770,014 4,201,299 3,851,614 G e n e r a l..__________________ 1,542,067 1,422,379 7,644,661 7,238,337 18,160 10,827 T ransp’n for investment—-C r e d it.._____ 3 ,0 9 9 ______6,765 258433,979 212494,103 R ailw ay operating expenses____ 56,017,30& 43,763,226 N et rev. from railway op era tion sl3 ,994,359 11,451,778 52,654,415 51,216,215 R ailw ay tax accruals______________ 3,229,877 2,525,745 11,511,649 9,104,048 __ 4 9 , 6 1 7 ___47,554 U ncollectible railway revenues___ 5 ,3 7 3 _____ 2 5,930 P R ailw ay operating in com e_______10,759,1T)9 8,900,103 41,093,149 '42,064,613 E quipm ent rents— D ebit b a la n c e .. 1,667,569 635,322 6,562,913 3.380,126 554,042 148,657 Joint fa cility rents— D ebit balance 208,044 40,990 N et railway operating in com e___ 8,883,496 8,305,771 33,976,194 38,535,830 Bellefonte Central -M onth o f M ay1923. 1922. $ Gross receipts____ O peration________ N e t . . . ................ Interest and taxes . Surplus..... .......... 9,471 9,159 311 120 191 8,841 6,889 1,951 120 1,831 -Jan. 1 to May 31— 1922. 1923. $ 57,664 54,691 2,973 600 2,373 37,793 33,004 4,788 600 4,188 Canadian Pacific ------- Month o f M ay-------------Jan. 1 to M ay 31— 1923. 1922. 1923. 1922. 55 £ ______ 14,355,538 13,664,245 65,901,574 62,484,910 ______ 12,357,291 11,319,732 58,757,215 55,033,153 1,998,247 2,344,513 7,144,359 7,451,757 Gross earnings__________ W orking expenses______ N et p rofits___________ Fonda Johnstown & Gloversville Operating Income— Freight revenue___________________ Passenger revenue— steam division Passenger rev .— electric division. . A ll other rev. from transportation. R e v . from other railway operations T o ta l operating revenues-----------R ailw ay oper. exp. (n o tin cl. taxes)) N e t rev . from railway oper; 5 R ailw ay tax accruals-----------R ailw ay operating in com e. M iscel. oper. incom e (or loss) . T otal operating in com e___ N on-operating incom e---------Gross in com e______________ Interest on fun ded d e b t_____ __ Interest on unfunded d e b t . ___ N et in com e. -J a n . 1 to May 31—1923. 1922. 55,954 3,449 60,767 4.190 1,327 125,689 78,991 46,698 7,840 38,858 — 1,736 37,122 4,249 41,372 675 6,260 24,229 1,446 32,611 8,760 36,535 2,894 64,457 3,006 803 107,698 63,950 43,748 5,775 37,973 — 2,193 35,779 4,765 40.545 675 4,188 26,549 840 32,253 8,291 257,452 21,216 360,537 21,261 5,321 665,788 398,306 267,481 39,200 228,281 — 5,158 223,123 17,302 240,425 3,375 36,098 121,145 8,485 169,105 71,320 195,875 12,900 352,024 17,460 4,367 582,627 337,282 245,345 28,875 216,470 — 6,167 210,302 17,405 227,708 3,375 20,875 132,745 3,284 160,281 67,427 (I n c lu d in g T e x a rk a n a & F o r t S m ith ) ------- Month o f May------- — Jan. 1 to 1923. 1922. 1923. S S 9 . 1,881,994 1,678,578 9,200,531 . 1,367,139 1,279,544 6,705,496 399,034 2,495,034 . 514,855 493,957 95,366 T a x e s ________________________ 99,418 1,763 291 476 U ncollectible railway revenue. Operating incom e__________ 303,375 1,999,314 . 414,959 l _____ Kansas & Texas ------- Month o f M ay------- — Jan. 1 to M ay 31— 1922. 1922. 1923. 1923. $ $ $ s 3,737 3,551 3,272 3,737 M iles operated (average). 4,331,521 4,596,616 21,860,377 20,722,103 . 3,211,681 3,099,007 17,673,169 14,564,639 . 1,119,839 1,497,608 4,187,207 6,157,464 267,480 1,017,086 1,144,585 Taxes accrued________________ . 222,130 Operating incom e__________ . 897,709 1,230.128 3,170,120 5,012,878 519,169 Deductions from inc. less oth. i 104,748 0 6 1 7 .2 9 1 . 0 8 1 ,1 1 7 Available for interest______ . 978,826 1,125,380 3,787,412 4,493,709 2,838,639 Fixed interest charges_______ 569,754 1,973,407 . 389,712 Available for int. on adjust, bo . 589,114 555,626 1,814,005 1,655,069 Interest on adjustm ent b on d s. 1,156,668 231,333 N et incom e________________ 657,336 1,655,069 . 357,780 555.626 Interest for 1923 is on securities o f reorganized C om pany, T he 1922 figures represent interest on Old C om p a n y securities. Year 1922 and period January to M arch 1923 includes revenue o f lines relin quished in reorganization. St. Louis-San Francisco (I n c lu d in g S u b s id ia r y L in e s) ------- Month o f May— — 1923. 1922. M ile a g e __________________ 5,155 5,165 $ 9 Freight revenue____________________ 5,296,624 5,270,062 Passenger revenue________________ 1,602,053 1,660,810 M iscellaneous revenues. . . 699,487 548,192 T otal operating revenues________ 7,688,164 7.479,064 M aintenance o f w a y andstructures. 1,113,913 1,459,519 M aintenance o f equipm ent________ 1,623,087 1,468,309 Transportation e x p e n s e ._________ 2,740,780 2,460,459 Miscellaneous expenses___________ 2 59,647 273,177 T otal operating expenses________ 5,737,427 5,601,464 Taxes, hire o f equip ., join t facility 388,771 404,934 rents (less other in com e)________ Balance available for rentals, sink, funds, fixed charges, & c________ 1,561,966 1,472,666 — Jan. 1 to M ay 31— 1923. 1922. 5,155 5,165 $ S 25,580,107 23,306,637 7,830,331 7,289,627 2,785,122 2,493,623 36,195,560 33,089,887 4,020,111 4,957,753 7,421,630 6,424,464 13,789,143 12,340,008 1,278,725 1,354,491 26,509,609 25,076,716 2,048,304 1,593,673 7,637.646 6,419,498 St. Louis Southwestern ( I n c lu d in g S t. L o u is S o u t h w e s te r n o f T exa s) ------- Month o f M ay------- — Jan. 1 to 1922. 1923. 1923. . 2,251,778 1,983,678 12,076,514 1,783,254 1,582,996 9,517,396 400,682 2,559,117 .. 468,524 lectible railway revenues. . . iDeductions from ry . oper. incom e!. N et railway operating in co m e . . N on-operating in com e___________ Gross incom e___________________ D eductions from gross in com e___ . N e t in com e____________________ 115,371 353,152 73,445 426,598 73,502 353,096 39,035 392,131 221,822 170,309 91,360 309,321 67,020 376,342 66,513 309,828 37,070 346,899 217,542 129,356 573,497 1,985,620 134,457 2,120,077 382,302 1,737,774 196,409 1,934,184 1,071,232 862,951 M ay 31— 1922. 9,705,044 7,993,735 1,711,308 411,816 1,299,492 184,752 1,484,244 341,016 1,143,227 180,096 1,323,323 1,077,558 245,765 Central Railway Co. ll & Sault Ste Marie Ry. Co. ------- Month o f M ay-------•— Jan. 1 to M ay 31— 1923. 1922. 1923. 1922. 8 $ $ $ Freight revenues---------------------------- . 1,784,313 1,510,951 8,329,318 6,120,262 294,462 279,166 1,728,190 1,510,155 Passenger revenues------------------------ . 204,604 203,218 A ll other revenues________________ . 877,797 884,795 T otal rev en u es_________________ . 2,283,380 1,993,337 10,935,307 8,515,213 M . W . & S. expenses-------------------339,957 416,884 1,562,385 1,570,807 M . o f E . expenses_________________ 403,996 515,969 2,242,780 1,987,521 T ra ffic expenses__________________ 39,986 38,795 165,588 163,212 Transportation expenses_________ . 957,944 855,935 5,105,568 4,283,436 General expenses---------------------------68,308 67,122 324,893 299,605 T otal expenses__________________ . 1,810,193 1,894,708 9,401,217 8,304,583 N et railway revenue______________ 473,186 98,629 1,534,090 210,630 Taxes and uncollectible rev en u es.. 166,440 178,824 829,480 857,990 N et revenue after taxes, & c_______ 306,745 — 80,195 704,609 — 647,360 H ire o f equipment— Or-----------------108,814 43,178 588,824 271,225 R ental o f terminals— D r 8,883 14,408 55,602 40,232 N et after rents---------------------------406,676 — 51,424 1,237,831 — 416,367 M ay 31— 1922. * 8,008,813 6,007,345 2,001,467 538,959 2,253 1,460,254 Passenger revenues___________ All other revenues____________ T otal re v e n u e s ____________ M . W . & S. expenses_________ M . o f E . expenses____________ T ra ffic expenses_____________ Transportation expenses_____ General expenses_____________ T otal expenses_____________ N et railway revenue__________ Taxes and uncollectible revern N et revenue after taxes, & c. Hire o f eq u ip m en t___________ Rental o f terminals— D r_____ N et, after rents____________ ------- Month o f M ay--------1923. 1922. $ S . 1,448,546 1,173,281 . 232,363 223,578 . 156,285 140,089 . 1,837,195 1,536,949 . 187,137 217,335 . 315,054 301,917 30,036 28,312 . 716,250 656,821 54,193 48,735 . 1,302,673 1,253,123 . 534,521 283,825 . 100,138 82,733 . 434,383 201,092 . . — 82,518 — 35,445 47,454 48,529 . 304,410 117,117 — Jan. 1 to 1923. $ 6,680,941 1,141,577 579,537 8,402,056 882,821 1,422,171 121,861 3,948,508 262,927 6,638,290 1,763,765 475,102 1,288,663 — 290,195 240,833 757,633 M ay 31— 1922. $ 4,900,939 1,058,120 576,324 6,535,383 836,484 1,211,633 125,873 3,271,843 232,740 5,678,574 856,809 408,632 448,177 — 122,024 243,989 82,164 J uly, 1923.] R A IL W A Y 15 E A R N IN G S Southern Pacific Union Pacific ------- Month o f M ay------- — Jan. 1 to M ay 31— 1923. 1922. 1923. 1922 Average miles o f road operated____ 11,223 11,225 11,222 11,223 Revenues— $ $ $ $ F reight.................................................... 16,110,253 14,480,611 74,848,752 65,961,461 Passenger............................................... 4,913,698 4,701,797 23,848,737 22,807,689 M ali!............... 300,884 288,395 1,575,307 1,449,279 E x p r e s s ---------------------712,377 713,305 3,002,328 2,440,661 A ll other transportation___________ 540,602 521,609 2,523,142 2,249,396 In cid e n ta l----------------------------564,529 330,316 2,568,570 2,207,640 Joint facility— C r e d i t ...................... 20,103 90,697 67,558 129,811 Joint facility— D e b it.......................... 2,292 2,816 22,863 15,820 Railway operating revenues_____ 23,160,155 21,123,914 108411,534 97,230,117 Expenses— M aintenance o f w ay and structure- 3,365,557 3,016,035 16,726,525 14,786,480 M aintenance o f equipm ent________ 4,162,871 3,957,029 20,708,192 18,618,923 T r a f f ic _____ ______ 395,083 350,127 2,077,362 1,765,548 T ransportation____________________ 8,183,717 7,424,469 38,627,778 36,294,155 M iscellaneou s______________________ 346,603 310,865 1,643,187 1,505,001 General---------------------------------701,057 676,917 3,470,194 3,367,025 Transp’n for Investm ent— C r_____ Cr.53,015 Cr.26,652 Cr.306,580 Cr. 131,032 Railw ay operating expenses____ 17,101,876 15,708,790 82,946,661 76,206,100 Income— 3 N et rev. from railw ay op e ra tio n s .. 6,058,279 5,415,124 25,464,873 21,024,017 Railway tax accruals______________ 1,553,403 1,565,877 7,700,302 7,959,604 47,669 Uncollectible railway revenues_____ 6,257 17,941 34,817 409,253 195,327 1,524,313 1,094,010 Equipm ent rents (n e t)_____________ Joint fa cility rent (n et)____________ 0 .5 9 ,0 9 1 0 .2 0 ,0 8 8 C r.153,045 C r.125,092 N et railway operating in com e__ 4,148,456 3,656,066 16,358,485 12,047,825 ------- Month o f M ay------- — Jan. 1 to M ay 31— 1922. 1923. 1923. 1922. 9,462 9,378 A verage miles o f road op erated ___ 9.478 9,421 $ Operating Revenues— $ S $ Freight r e v e n u e _____________ 11,641,081 10,389,181 57,319,764 50,040,283 Passenger r e v e n u e __________ 2,992,563 2,786,289 12,973,393 12,391,802 M ail revenue________________ 373,778 357,244 1,902,759 1,725,566 Express revenue________________ 408,267 406,455 1,677,235 1,565,038 All other transportation____ 392,713 342,625 1,731,140 1,638,928 I n c id e n ta l__________________ 278,635 263,004 1,272,788 1,175,623 R ailw ay operating revenues_1 6,087,037 14,544,798 76,877,079 68,537,240 Operating Expenses— M a in ten a n ceofw ay and structures. 2,970,466 2,846,182 10,734,616 9,454,731 3,232,875 17,101,340 14,992,056 M aintenance o f equipm ent__ 3,370,032 T r a f f ic ______________________ 340,843 317,726 1,448,485 1,396,650 T ra n sp ortation ______________ 4,943,826 4,373,695 25,682,025 23,105,579 Miscellaneous operations____ 308,218 315,047 1,386,441 1,349,816 General______________________ 520,485 605,781 2,688,258 2,995,652 38,889 T ransport’n for investment— O r .. 1 3 ,5 1 5 ______ 9,011 49,938 11,682,295 58,991,227 53,255,595 R ailw ay operating expenses_12,440,355 Income— N et rev. from railway op e ra tio n s .. 3,646,682 2,862,503 17,885,852 15,281,645 R ailw ay tax accruals________ 1,094,534 1,133,634 5,475,511 5,665,313 U ncollectible railway revenues____ 2,206 — 69 6,369 10,098 1,728,938 12,400,248 9,609,963 R ailw ay operating incom e__ 2,549,942 E q u ip m e n tre n ts .n e t________ — 70,573 — 95,903 18,580 — 580,675 J o in t fa c ilit y r e n t.n e t _______ — 61,771 — 58,302 — 443,640 — 296,810 N e t ------------------------------------ 2,417,598 1,574,733 11,975,188 8,732,478 Oper. ratio (revenues over e x p .)._ 77.33 80.32 77.70 76.73 B l a i r & Co. INCORPORATED 2 4 BROAD STREET NEW YORK INVESTMENT SECURITIES Boston Buffalo Chicago Cleveland LosfAngeles Milwaukee! Minneapolis Philadelphia Pittsburg Rochester San Francisco St. Louis Scranton Syracuse
@FedFRASER