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T W O S E C T I O N ' S --------S E C T I O N T W O 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 1 9 2 3 according to A ct of Congress by W I L L I A 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. NEW YORK, NOVEM BER N O . 3 0 4 6. 10, 1923. HIS entire publication is devoted to a presentation of the reports of earnings and expenses of United States railroads for the latest month (September) 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 Washington. 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 and monthly summaries have been everywhere accepted as authori The present publication is in continuation of this work. Earnings Our Specialty. tative. These Inter-State Commerce returns also maxe 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. We 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, nameiy equipment rents and joint facility rent. We 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. Prtinnsmv Rpturnfl T o make this publication absolutely complete, we add statements Also Given ” enc^ s^ow a^ so ^Sures 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, ot 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 in e Str eet PUBLISHERS YORK 136-138-140 F ront Street Your Railroad Bonds Our Service ill 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 734 Fifteenth St., N. W. 300 North Charles St. Washington, D. C. Baltimore, Md. Nov., 1923.] 3 KAIL W A Y EARNINGS GENERAL INDEX TO ROADS APPEARING IN THIS SECTION. Name— Page. Akron Canton & Youngstown___________4 Alabama & Vicksburg__________________ 4 Alabama Great Southern. See Southern. 11 Ann Arbor______________________________4 Arizona Eastern. See Southern Pacific. 12 Atchison Topeka & Santa Fe____________4 Atlanta & West Point__________________ 4 Atlanta Birmingham & Atlantic________ 4 Atlantic & St. Law. See Can. Nat. Sys. 5 Atlantic C ity ___________________________ 4 Atlantic Coast Line_____________________4 Atlantic Steamship Lines. See So. Pac_12 Baltimore & Ohio_______________________4 Baltimore & Ohio Chicago Terminal_ 4 _ Baltimore Ches. & Atlantic. See Penn. 10 Bangor & Aroostook___________________ 4 Beau. Sour L.&W . 8eeN.Orl.Tex.&Mex. 9 Bellefonte Central_____________________14 Belt Railway of Chicago________________ 4 Bessemer & Lake Erie__________________ 4 Bingham & Garfield___________________ 5 Boston & Maine_______________________5 Brooklyn Eastern District Terminal____5 Buffalo & Susquehanna_________________ 5 Buffalo Rochester & Pittsburgh_________ 5 Canadian National System______________ 5 Canadian Pacific______________________ 14 Carolina Clinchfield & Ohio_____________ 5 Central New England__________________ 5 Central of Georgia______________________5 Central R R . of New Jersey_____________ 5 Central Vermont_______________________ 5 Charleston & West Carolina____________5 Chesapeake & Ohio Lines_______________ 5 Chicago & Alton_______________________ 5 Chicago & Eastern Illinois______________5 Chicago & Erie. See Erie_______________7 Chicago & North Western______________ 5 Chicago Burlington & Quincy___________5 Chicago Detroit & Canada Grand Trunk Junction. See Canadian Nat. System. 5 Chicago Great Western_________________ 5 Chicago Indianapolis & Louisville______ 5 Chicago Junct. See Chic. River & Ind. 6 Chicago Milwaukee & St. Paul_________ 6 Chicago Peoria & St. Louis R R _________ 6 6 Chicago River & Indiana. ........... Chicago Rock Island & G ulf____________ 6 Chicago Rock Island & Pacific__________6 Chicago St. Paul Minn. & Omaha_____6 Chio.TerreHaute&Sou. SeeC.M.&St.P. 6 Cincinnati Indianapolis & Western_____6 Cine. Leb. & Nor. Now incl. in P enn .. 10 Cine. New Orl. & Texas Pac. See South. 12 Cincinnati Northern. See N. Y . Central. 9 Cleveland, Cincinnati, Chic. & St. Louis. See New York Central.......... ............. 10 Coal & Coke. See Baltimore & Ohio__ 4 Colorado & Southern__________________ 6 Columbus & Greenville. SeeMob.&O. 9 Cumberland Val. & Martinsburg. Now induded in Pennsylvania___________ 10 Delaware & Hudson___________________ 6 Delaware Lackawanna & Western_______6 Denver & Rio Grande_________________ 6 Denver & Salt Lake___________________ 6 Detroit & Mackinac___________________ 6 Detroit & Toledo Shore Line___________ 6 Det. Gr. H. & Mil. See Can. Nat. Sys. 5 Detroit Toledo & Ironton______________ 6 Duluth & Iron Range_________________ 6 Duluth Missabe & Northern___________ 6 Duluth South Shore & Atlantic_________ 6 Duluth Winnipeg & Pacific____________ 7 East St. Louis Connecting_____________ 7 Name— Page. El Paso & Southwestern________________ 7 Elgin Joliet & Eastern__________________ 7 Erie____________________________________ 7 Evansville Indianapolis & Terre H aute. 7 Florida East Coast______________________7 Fonda Johnstown & Gloversville_______ 14 Fort Smith & Western__________________ 7 Fort Worth & Den.City. See Col.&Sou. 6 Ft. Worth & Rio Gr. See St. L.-S. F _ . l l Galv. Harrisb. & San Ant. See Sou.Pac_12 Galveston W harf_______________________ 7 Georgia________________________________ 7 Georgia & Florida______________________ 7 Georgia Southern & Fla. See Southern. 12 Grand Rapids & Ind. Now ind. in Penn. 10 Grand Trk. System. See Can. Nat. Sys. 5 Grand Trunk Western__________________ 7 Great Northern_________________________7 Green Bay & Western__________________ 7 Gulf & Ship Island______________________ 7 Gulf Colo. & Santa Fe. See A tchison._ 4 Gulf Mobile & Northern________________ 7 Hocking Valley_________________________ 7 Houston & Texas Cent. See Sou. P a c ..12 Houston East & West Tex. See So. P a c .12 Illinois Central System_________________ 8 Illinois Central_________________________ 8 Indiana Harbor Belt. See N . Y . Central. 10 International & Great Northern______ 7 International R y. Co. of Maine_______ 8 Kanawha & M ich. Now ind.iriN. Y.Cent. 9 Kansas City Mexico & Orient RR______8 Kan. City Mex. & Orient R y. Co. of Tex. 8 Kansas City Southern..................8 and 14 Kansas Oklahoma & Gulf_______________ 8 Lake Erie & Western. Now induded in New York Chicago & St. Louis______ 9 Lake Superior & Ishpeming_____________ 8 Lake Terminal_________________________ 8 Lehigh & Hudson River______________ 8 Lehigh & New England______________ 8 Lehigh Valley__________________________ 8 Long Island. See Pennsylvania_______ 10 Los Angeles & Salt Lake_______________ 8 Louisiana & Arkansas__________________ 8 Louisiana Railway & Navigation C o____8 _ Louisiana R y. & Nav. Co. of Texas_ 8 Louisiana Western. See Southern Pac.12 Louisville & Nashville__________________ 8 Louisville Henderson & St. Louis______ 8 Maine Central________________________8 Maryland Delaw. & Virginia. See Penn.10 Michigan Central. See N . Y . Central..10 Midland Valley_________________________9 Minneapolis & St. Louis______________ 9 Minneapolis St. Paul & S. S. M ______ 9 Minneapolis St. P. & S. S. M . R y. C o. 14 Mississippi Central___________________ 9 Missouri & North Arkansas___________ 9 Missouri-Kansas-Texas, including Wich ita Falls & Northwestern______ 9 and 14 Missouri-Kansas-Texas R y. of Texas. _ 9 Missouri Pacific______________________ 9 Mobile & Ohio_______________________ 9 Monongahela. See Pennsylvania_____10 Monongahela Connecting_____________ 9 M ontour______________________________9 Morgan’s Louisiana & Texas R R . & SS. Co. See Southern Pacific_________ 12 Nashville Chattanooga & St. Louis___ 9 Nevada Northern_____________________ 9 Newburgh & South Shore______________9 New Jersey & New York. See Erie___ 7 New Orleans & North East. See South.12 New Orleans Great Northern__________9 Name— Page. New Orleans Texas & M exico_________ 9 New York Central______________________ 9 New York Chicago & St. Louis------------ 10 New York Connecting_________________ 10 New York New Haven & Hartford____ 10 New York Ontario & Western__________10 N . Y . Phila. & N orf. Now ind. in Penn. 10 New York Susquehanna & Western------10 Norfolk & Western____________________ 10 Norfolk Southern______________________10 Northern Alabama. See Sou them _____12 Northern Pacific______________________ 10 Northwestern Pacific__________________ 10 Oregon Short Line. See Union Pacific. . 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____________________________ 11 Philadelphia & Reading R y ___________ 11 Pittsburgh & L. E. <SeeN. Y . Central. .10 Pitts. C. C. & St. L. Now ind. in Penn.10 Pittsburgh Shawmut & Northern______ 11 Pittsburgh & Shawmut________________ 11 Pittsburgh & West Virginia____________ 11 Port Reading__________________________ 11 Quincy Omaha & Kansas C ity_________ 11 Richmond Fredericksburg & P otom ao_.il Rutland_______________________________ 11 St. Joseph & Grand Isl. See Union Pac.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 FrancLoo_____________ 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 L in e...__________________ 11 Southern Railway_____________________ 11 Southern Pacific_______________________ 12andl5 South. R y. 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. S o. 8 Texas & New Orleans. See So. Pac____12 Texas & Pacific________________________12 Toledo & Ohio Central. Now included in New York Central________________ 9 Toledo Peoria & Western. See Penn_ 10 _ Toledo St. L.& West. See N .Y .C .& St.L . 9 Trinity & Brazos Val. See Col. & South. 6 Ulster & Delaware__________________ .13 Union R R . (of Pennsylvania)__________13 Union Pacific__________________ 13 and 15 Utah____________ 13 Vicksburg Shreveport & Pacific________ 13 Virginian______________________________ 13 W abash_____________________________ 13 West Jersey & Seashore. See Penn____10 Western M aryland____________________ 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. 9 Wisconsin Central_____________________ 14 Yazoo & Miss. Val. See Illinois Cent . 8 4 [V ol. 117. RAILW AY EARNINGS REVENUE R E T U R N S OF Un i t e d St a t e s R a i l r o a d s FOR SE PTE M B E R AND FOR TH E N IN E M ON THS E N D IN G W ITH SEPTEM BER. In the following we furnish detailed figures of earnings and expenses for September 1923, as compared with September 1922, and also for the nine months ending with September in the two years of every steam railroad in tiie 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 dosing 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 C anton & Y ou n g stow n E A R N IN G S . Freight revenue . _____ Passenger revenue___ T o t .. in cl. other r e v . E xpenses— M aint .way M a in t. o f eq u ip m 't. T ra ffic expenses___ 1 ransportation exp_ T o t .ex p ., incl .oth . N et from railroad____ Taxes U ncollectible revenue. N et after taxes, &c_ N e t after ren ts______ A ver, miles o f r ’d oper. 1923. S 216,369 984 225,575 33,016 26,883 10,218 67,925 148,017 77,558 14,300 C rl05 63,363 28,311 170 1922 $ 171,668 1,014 182,756 28,392 18,605 6,154 61,761 122,217 60,539 10,000 50,539 24,302 170 1923. S 1,927,552 8,576 2,016,001 299,927 195,358 75,998 603,262 1,256,420 759,581 126,963 470 632,148 377,554' 170 1922. $ 1,540,829 12,154 1,625,057 188,720 173,989 52,501 459,383 951,484 673,573 89,500 99 583,974 346,020 170 Alabama & V icksburg E A R N IN G S . Freight revenue_____ Passenger revenue___ T o t ., in cl. other r e v . Expenses— M aint. way M a in t. o f equjpm ’t . _ T ra ffic expense-._ T ransportation exp_ T o t .exp .,incl .o th . N et from railroad____ Taxes _ _ U ncollectible revenue. N et after taxes, & c. N e t after rente____ __ A ver, miles o f r ’d oper. — M onth o f September— ■ Jan. 1 to — 1923. 1922. 1923. S $ S 135,749 1,807,330 210,708 70,209 58,659 562,448 300,217 214,447 2,549,701 57,470 49,268 393,165 59,492 34,116 459,079 7,902 6,716 81,525 90,130 863,541 105,875 228,938 209,233 1,921,757 71,279 5,214 627,944 22,222 16,380 266,755 944 9 49 49,048 360,245 — 11,215 57,918 — 5,495 439,982 141 141 141 A nn A rbor 1923. S 421,320 40,943 488,866 70,010 120,776 ' 8,715 178,427 391,034 97,832 19,700 1 78,131 61,831 293 1922. .< * 354,758 39,860 417,938 56,433 81,195 8,902 201,008 364,343 53,595 22,440 31,155 — 9,890 293 Jan. 1 to 1923. $ 3,445,869 367,442 4,013,311 505,894 993,111 80,738 1,684,600 3,380,960 632,351 193,740 155 438,456 176,611 293 Sept. 30— 1922. i 3,132,040 387,767 3,691,770 454,745 656,568 84,784 1,654,493 2,989,958 701,812 193,320 381 508,111 293,025 293 A tlanta & W est P oint B altim ore & Ohio Includes C oal & Coke — M onth o f September—------ Jan. 1 to Sept. 30— 1923. 1922. 1922. 1923. 17,362,976 10,047,537160,169,747110,224,998 2,868,321 2,270,586 22,980,649 19,908,533 21,527,022 13,619,379195,315,973140,346,795 2,350,468 1,900,308 19,913,685 17,405,677 5,264,261 5,570,386 49,283,965 33,729,538 309,023 273,334 2,904,973 2,655,449 7,883,504 7,006,166 71,917,087 58,852,411 16,435,145 15,331,852149,559,780118,167,188 5,091,877--1 ,7 1 2 ,4 7 3 45,756,193 22,179,607 772,112 614,128 7,276,584 6,257,284 12,287 6,459 69,981 78,720 4,307,478--2 ,3 3 3 ,0 6 0 38,400,889 15,852,342 3,977,152--2 ,6 6 5 ,9 5 2 34,932,894 12,491,220 5,212 5,212 6,235 5,235 B & O C hicago Term inal Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September—------Jan. 1 to 1923. 1922. 1923. 1922. 1922. 1922. 1923. 1923. S * $ S S $ $ S 127,113 139,330 1,223,684 943,261 1,526,580 73,659 75,430 640,578 690,983 513,139 233.186 314,511 242,266 2,166,346 1,827,096 243,351 2,787,725 2,199,723 35,002 325,074 239,152 33,232 30,823 35,744 418,330 308,016 31,522 355,084 53,269 44,669 384,518 408,679 404,500 47,892 8,863 8,852 70,580 1,866 74,891 84,746 1,861 16,973 83,613 85,446 762,067 706,917 164,341 863,040 156,948 1,584,010 174,768 183,201 1,668,745 1,526,782 266,604 257,239 2,446,523 1,884,021 58,418 300,314 59,065 497,601 315,702 47,907 — 13,888 341,202 101,560 18,509 17,596 132,161 40,479 51,397 371,800 173,415 814 68 591 27 374 — 5,385 39,841 364,849 41,442 197,940 7,428 — 25,213 141.913 — 65,285 29,449 31,071 280,032 129,651 181,701 85,519 26,951 352,137 93 93 141 93 93 83 91 83 Sept. 30— 1922. S 2,241,513 322,587 296,006 16,919 1,292,754 2.062,828 178,685 436,492 307 — 258,114 746,775 91 A tch ison Top & Santa Fe System A tlanta Birmingham E A R N IN G S . Passenger revenue___ T ransportation ex p . T o t .exp . ,incl .oth . U ncollectible revenue N et after taxes, &c A v e r. miles o f r'd op er. E A R N IN G S . Passenger revenue . Transportation exp T o t e xp .,in cl.oth . N et from railroad U ncollectible revenue N et after taxes. &c N et after ren ts___ A ver, m iles o f r ’d oper. E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., incl. other rev . Expenses— M aln t.w a v M a in t. o f equipm ’t . T ra ffic expenses___ Transportation e x p . T o t .ex p ., incl .o th . N et from ra ilro a d -. . Taxes ________ ____ Dncollectible revenue. N et after taxes, & c. N et after ren ts______ _ A ’’ er. miles o f r ’d oper. A t c h is o n T o p e k a & S a n ta Fe — Month o f September—------Jan. 1 to Sept. 30— 1923. 1923. 1922. 1922. 11,752,553 13,109,460 101456,141 91,270,749 3,902,375 3,368,865 34,481,678 31,613,034 17,047,540 17,827,530 148109,866 133794,999 2,526,317 2,581,798 20,717,861 23,160,408 4,256,404 4,143,080 36,088,767 31,471,939 280,013 254,078 2,591,407 2,363,825 5,108,853 5,416,440 46,908,232 42,348,419 12,471,026 12,690,390 108812,677 102145,456 4,576,514 5,137,140 39,297,189 31,649,543 1,531,454 1,850,349 11,428,307 10,589,403 1,370 787 47,226 30,386 3,043,690 3,286,004 27,821,656 21,029,754 3,208,333 3,483,064 29,405,742 22,241,504 8,981 8,954 8,855 8,856 G u lf C o lo r a d o & S a n ta Fe ■ Month o f September—------Jan. 1 to Sept. 30— — 1923. 1922. 1922. 1923. % S S $ 1,802,664 1,771,086 13,544,092 12,460,953 383,714 387,245 3,104,558 3,013,260 2,300,646 2,292,687 17,714,943 16,587,083 346,689 308.095 3,580,268 3,306,733 527,973 495,576 4,465,720 4,034,575 43,209 44,876 383,756 401,523 715,312 683,007 5,940,047 5,435,668 1,682,992 1,597,574 14,924,090 13,754,223 617,654 695,113 2,790,853 2,832,860 640,700 80.635 83,371 724,272 359 487 6,855 8,707 536,660 611,255 2,059,726 2,183,453 485,600 566,993 1,521,498 1,624,798 1,908 1,907 1,908 1,907 & A tlan tic Bangor & A roostook — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sent. 30— 1922. 1923. 1922. 1923. 1923. 1922. 1922. 1923. * $ S S $ S 8 $ ! 291,626 287,417 2,729,481 2,276.436 450,387 345,176 3,973,108 4,844,786 ! 55,728 49,268 454,549 349.503 71,592 77,717 665,691 666,602 379,848 363,719 3,424,657 2,859,061 546,162 445,375 4,855,343 5,717,373 68,021 61,684 608,004 529,826 84,693 131,412 1,013,182 1,124,839 90,673 84,397 810,652 778,674 159,940 131,917 1,114,944 1,117,266 I 22,094 20,593 194,370 189,448 4,046 3,797 39,421 35,551 171,478 167,106 1,688,953 1,437,125 155,789 156,067 1,556,637 1,627,618 368,226 348,256 3,442,440 3,078,643 424,781 443,794 3,903,485 4,089.960 i 11,622 15,463 — 17,783 — 219,582 121,381 1,581 951.858 1,627,413 12,519 113,340 121,513 10,133 45,892 31,352 373,230 412,803 60 6,028 245 4,013 30 38 1,025 1,994 — 957 5,085 — 135,136 — 347,123 75.459 — 29 809 577.603 1.212.616 i — 2,566 11,369 — 184,329 — 433,204 136,362 25,983 1,007,739 1,350,770 639 639 639 639 616 625 616 625 1 A tlan tic City Belt Railw ay o f C hicago i— M onth o f September—------Jan. 1 to Sept. 30— — M onth o f September—------Jan. 1 to Sept. 30—• 192.1. 1922. 1923. 1922. 1923. 1922. 1923. 1922. S s S $ S S $ $ 117,863 123,713 1,139,382 1,107,798 ! 369,291 338,230 2,715.612 2,584,250 508,472 483,819 3,998,716 3,799,303 611,988 529,693 5,403,783 4,367,086 118,321 78,022 611,267 547,643 46,894 54,858 448,266 426,007 50,498 40,194 386,569 336,642 58,307 53,961 527,243 432,661 6,836 4,935 57,343 58,686 2,199 2,667 22,247 19,229 233,144 272,904 2,021,473 2,062,425 240,281 246,378 2,332.434 1,963,118 413,497 400,770 3.120,440 3,046,906 357,724 366,715 3,418,209 2,928.507 94,975 83,049 878,276 254,264 752,397 162,978 1,985,574 1,438,579 19,991 19,249 119,907 175,777 40,067 35,255 355,804 316,830 212 17 554 3,568 74,772 63,783 697,815 573,052 214,197 127,723 1,629,770 1,121.749 12,632 12,355 337,804 199,599 216,755 123,848 1,438,051 1,219,677 170 176 170 176 32 32 32 32 P a n h a n d le & S a n ta Fe — M onth o f September— — Jan. 1 to 1923. 1922. 1923. $ $ S 594,840 4,702,557 708,311 123,439 1,050,904 134,993 875,632 770,674 6,084,012 103,910 163,258 1,006,678 241,009 237,927 1,989,785 6,960 68,240 7,608 235,076 234,934 1,891,403 600,484 660,889 5,107,372 275,148 976,640 109,785 23,063 22,545 223,697 673 2,020 2,081 251.412 85,220 750,862 217,775 469,611 54,565 858 857 858 — Month o f 1923. S 3,752,518 1,241,436 5,487,547 855,615 1,460,062 116,897 2,048.816 4.646.397 841,150 450,000 898 i 390.252 I 649,531 1 4,860 A tlan tic Coast Line Sept. 30— 1922. S 4,164,085 1,032,234 5,567,051 1,463,791 1,682,159 63.091 1,837,993 5,208,895 358,156 201,124 2,725 154,307 122.454 857 Bessemer & Lake Erie September—------Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sent. 30— 1922. 1923. 1923. 1922. 1922 1923. 1922. 8 $ $ S S $ $ 3,687,072 41,290,391 35,389,393 1.984,148 1,829,830 15,100,087 9,065,105 1.098,469 13.530,494 11,779,557 31,440 36,876 269.470 292,423 5,266,434 59,390,359 51,464,507 2,047,143 1,892,209 15,680,194 9,555,981 648,806 7.593,388 6,042,175 133,290 100,265 1,016,105 988,741 1,184,689 13,058,792 10,259,544 584,540 343,447 4,620,243 2,786,580 93,085 987,533 941,961 19,994 13,399 143,126 132,965 2,030.445 21,338.344 18,989,150 497.798 517.791 4,009,754 3,033,871 4.10O.egg 44,S8T 990 37,740,541 1,260,609 1,008,346 10,011,569 7,221,127 1,156,451 14,806,369 13,723,966 786,534 883,863 5,668,625 2,334,854 350,000 3,475,000 2,575,000 152,222 19,252 860,854 280,904 246 8.156 7 17.058 8 143 C r.310 806,205 11.323,213 11,131,908 634,305 864,603 4.807,628 2,054,260 1,024,367 11,001,744 10,839,608 687,798 963.313 5,988,818 2,398,941 4,857 4,860 228 4,850 225 228 225 Nov., 1923.] E A R N IN G S . freight revenue ’ assenger revenue___ T o t ., in cl. other r e v . Expenses— M a in t. way M aint. o f eq u ip m 'tTraffic expenses___ Transportation ex p . T ot .exp . ,incl .o th . Vet from railroad____ Taxes . Jncollectible revenue. Net after taxes, &c_ Vet after r e n t s _____ Vver. 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 a in t. o f eq u ip m ’t . T ra ffic expenses___ Transportation e x p . T o t .exp .,incl .oth. Vet from railroad____ Taxes ____ Jncollectible revenue. N et after taxes, & c. Vet after rents . . . I v e r . miles o f r ’d op er. E A R N IN G S . freight revenue_____ ’assenger revenue___ T o t ., incl. other rev. Expenses— M aint .way M a in t. o f equipm ’t . T raffic expenses___ Transportation ex p . T o t .exp., Incl .o th . le t from railroad____ _ _____ Taxes_ ____ Jncollectible revenue. N et after taxes, &c_ le t after r e n t s _____ tver. miles o f r ’d oper. Bingham & Garfield Canadian National System Chesapeake & Ohio Lines -------Jan. 1 to Sept. 30—• — M onth o f September—------ Jan. 1 to Sent. 30— ■ — M onth o f September— A t la n t ic & St. L a w re n ce R R . 1922. 1923. — M onth o f September—------ Jan. 1 to Sept. 30— 1922. 1923. 1922. 1923. 1922. 1923. S $ 1923. 1922. $ $ 1922. S S $ 1923. S 34,765 326,797 151,660 28,172 150,164 143,249 1,908,016 1,497.163 7,600,579 4,519,157 63,161,030 51,516,235 49 859 64,100 54,421 992,952 8,777,355 7,899,945 298,304 353,576 1,119,862 36,581 28,072 340,524 154,234 216,492 219,906 2,348,112 2,017,544 9,159,030 5,874,732 75,835,106 62,504,957 24,365 81,820 144,842 101,886 85,093 872,499 9,208,748 7,771,662 15,651 677,322 524,547 1,244,316 3,536 5,378 41,306 33,681 15,539 30,776 477,528 289,238 2,555,533 2,201,066 20,926,963 15,876,383 11,769 72,932 765,713 701,417 1,139 1,662 12,285 2,035 556 42,093 43,201 79,655 14,035 4,253 91,755 124,475 97,452 1,530,358 1,081,984 2,880,836 2,352,155 25,117,916 22,383,925 44,451 46,380 31,101 261,539 273,720 253,553 227.188 2,815,801 2,063,411 6,965,883 5,693,434 57,929,615 48,385,672 — 9,799’ — 3,029 181,298 17,905,491 14,119,285 78.985" — 119,486 — 7,282 — 467,889" ' — 45,867 2,193,147 — 37,061 8.231 2,600 68.833 42,106 528,740 267,500 2,958,660 2,407,500 15,150 16,900 136,350 155,264 337 25,479 8,942 372 6 2,785 3 53 56 — 18.030 — 5,629 1,661,622 — 86,539 14,921,352 11,702,843 9,780 — 161.598 " — 52,214 — 24,182 — 604,095 — 201,184 — 6,771 115,879 1,744,371 — 74,853 15,261,793 12,064,253 7,465 — 65,048 — 106,328' — 73,629 -1 ,4 1 6 ,4 0 4 — 753,854 2,552 2,550 2,552 2,548 34 34 34 34 166 166 166 166 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 Jet. Boston & Maine Chicago & Alton — M onth o f September—------ Jan. 1 to Sept. 30— — M onth o f September—------ Jan. 1 to Sept. 30— — M onth o f September—------ Jan. 1 to Sept. 30— 1922. 1923. 1923. 1923. 1922 1922. 1922. 1922. 1923. 1923. 1922. 1923. * 5 S 8 $ 5 * 8 S S $ t 4,052,507 4,043,329 39,974,482 35,100,637 116,244 2,185,883 1,410,208 2,135,018 1,102,266 18,025,818 13,443,004 203,952 2,216,809 2,240,317 17,664,505 17,053,482 498,841 5,127,312 4,540,447 87,044 622,270 6,786 78,010 14,136 7,023,799 7,072,244 65,083,203 58,474,927 135,286 2,591,431 1,628,844 2,978,877 1,811,615 25,131,489 19,697,110 255,651 941,671 1,041,400 8,956,458 8,762,298 376,088 319,102 3,105,185 2,661,392 164,572 125,092 33,769 22,263 1,564,960 1,612.067 14,532,835 11,445,613 620,286 597,740 6,420,189 5,466,676 14,271 15,268 159,828 112,365 54,411 49,512 57,230 53,592 528,612 501,088 488,945 490,997 3,280 31,510 5,845 37,083 2,990,291 3,024,860 31,167.351 26,252,788 961,403 988,537 8,616,822 8,247,076 82,242 71,008 778,410 594,519 5.789,469 5,954,201 57,262,669 49,112,772 115,174 1,172,658 893,327 2,063,541 2,022,691 19,145,174 17,480,010 139,773 915,336 — 211,076 5,986,315 2,217,100 1,234,330 1,118,043 7,820,534 9,362,155 115,878 20,112 1,418,773 733,517 246,839 83,734 83,797 76,000 759,513 253,162 2,162,589 1,863 751 8,198 13,309 89,390 677,165 8,094 4 2 5,607 59 2,101 119 6 416 2,374 148 148 825,932 — 287,135 5,218,708 1,537,834 6,801 1,334,891 987,372 643,979 864,875 5,657,529 7,496.030 107,676 — 2,084 1,084,219 677,808 — 360,458 4,059,707 476,112 86,564 482,919 737,460 549,650 17506,526’ 5,124,865 1,050 1,050 1,050 1,050 59 59 59 2,286 2,286 59 2,286 2,286 D e t r o it G r a n d H a ve n ^ 'M ilw a u k e e Chicago & Eastern Illinois Brooklyn Eastern District Term'l — Month o f September—------ Jan. 1 to Sept. 30— • — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September—------Jan. 1 to Sept. 30— 1923. 1922. 1922. 1922. 1923. 1922. 1923. 1923. 1922. 1923. 1923. 1922. 5 5 S $ % S $ $ 8 $ S $ * 116,887 1,074,471 1,116,011 353,153 4,238,269 3,243,144 1,874,497 1,497,464 15,971,269 12,839,735 102,753 472,776 48,064 388,611 334,041 466,361 396,145 3,769,636 3,403,280 17,687 108,404 124,471 1,146,126 1,186.194 582,432 408,070 5,106,900 3,851,187 2,512,172 2,062,688 21,322,499 17,565,066 64,804 65,332 662,326 425,518 268,153 236,716 2,307,314 2,122,248 8,718 53,888 50,840 5,014 610,714 423,354 59,599 823,051 562,977 6,821,140 4,526,741 20,286 13,773 132,762 159,731 55,840 37,644 77,411 401,502 7,799 94,228 44,287 41 74 2,850 1,394 14,973 379,568 877,312 925,592 8,212,842 7,498,497 222,718 2,348,326 1,890,924 40,102 449,002 261,108 52,325 422,395 371,338 3,863,896 2,965,215 2,088,855 1,835,691 18,463,701 15,213,147 74,218 75,431 658,369 704,021 413,666 885,972 36,732 1,243,004 423,317 226,997 2,858,798 2,351,919 34,186 49,040 487,757" ' 482,173 178,766 150,000 110,000 1,088,000 2,548 3,693 33,803 50,123 6,526 6,212 820,000 75,412 57,962 157 396 51 35 1,731 313 5,917 3,949 33,004 1,207,470 835,692 272,921 116,684 1,764,881 1,527,970 27.660 42,828 166,167 412,345 424.211 261,639 318,752 225,182 2,425,825 1,460,273 78,859 — 16,573 428,385 29,120 42,828 416,045 424,211 189 189 189 945 945 9 189 945 9 9 945 9 Buffalo & Susquehanna RB. Corn E A R N IN G S . freight revenue______ ’ assenger r e v e n u e ... T o t ., incl. other rev. Expenses— M ain t .way M a in t. o f equipm ’t T ra ffic expenses___ T ransportation ex p . T o t .exp .,incl .oth . Vet from railroad____ Taxes _____ __ ___ Jncollectible revenue. N et after taxes, & c. Vet after rents______ kver. miles o f r ’d op er. 5 RAILW AY EARNINGS Central New England — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to 1923. 1922. 1923. 1923. 1922. 1922. 1923. S % S $ $ % $ 600,459 458,514 5,420,488 207,766 164,410 2,011,311 951,984 150,056 17,795 18,988 4,155 4,380 47,086 50,425 503,726 5,796,592 635,454 215.934 172,415 2,092,735 1,037,772 160,540 983,186 139,316 56,998 33.612 395,630 285,578 157,927 110,011 1,231,566 88,872 45,809 737.898 324,739 4,354 41,642 4,863 1,999 1,774 18,063 18,989 69,217 209,937 201,485 2,132,486 58,194 389.423 651,311 487,250 4,481,505 226,249 147,841 1,882.607 1,099,270 522,048 113,406 16,476' 1,315,087" — 10,315 24,574 210,128 "= 6 1 7 4 9 8 21,984 214,485 6,100 6,550 24,048 101,700 32,550 171 97 28 72 1 — 16,415 89,358 — 5,605 1,100,431 17,996 108,427 — 94,120 — 12,058 610,913 25,883 60,644 67,744 551,220 ' 60,972 295 253 253 253 253 295 295 Buffalo Rochester & Pittsburgh Central Railroad of New Jersey E A R N IN C S. t freight revenue______ Assenger revenue___ T o t ., in cl. other r e v . Expenses— M aint .way M a in t. o f equipm ’t . T ra ffic expenses___ Transportation ex p . T o t .exp . ,lncl .oth . le t from railroad____ _____ ^axes _ _ _ Jncollectible revenue. N e t after taxes, & c. Jet after ren ts_______ iv e r . miles o f r ’d oper. — M onth o f 1923. S 1,602,664 153,824 1,855,809 406,736 561,737 29,237 698.096 1,726,235 129,574 35,000 61 94,513 193,384 589 September— — Jan. 1 to Sept. 30— — M onth o f 1922. 1922. 1923. 1923. % % $ $ 1,207,726 15,442,732 8,470,409 2,983,646 145.654 1,341,008 1.232,515 1,018,065 1,432,276 17,504,481 10,247,301 4,264,943 275,540 3,140,475 1,685,824 551,682 675,536 5,685,348 4,135,688 1,733,039 18,280 233,613 167,194 34,090 640,150 6.630,703 4,300,237 1,725,887 1,654,931 16.027,818 10,656,474 4,172,213 — 222,655 1,476,663" — 409,173 92,730 35,000 315,000 315,000 250,653 36 1,524 530 5,020 — 257.691 1,161,133 — 729,193 — 159,447 — 177,813 2,238,267 — 376,546 — 190,708 694 589 589 589 Carolina Clinchfield & Ohio E A R N IN G S . 'reight revenue_____ ‘assenger revenue___ T o t ., in cl. other r e v . Expenses— M aint .way M aint. o f equipm ’t . T ra ffic expenses___ Transportation e x p . T o t .ex p .,incl .o th . Jet from railroad____ "axes _ _ _____ incollectible revenue. N et after taxes, & c. Jet after rents______ iver. miles o f r ’d op er. — M onth o f September— — Jan. 1 to 1923. 1922. 1923. S S * 689.293 522,494 6,479,420 49,803 42,166 419,198 752,932 578,914 7,028,904 67,992 84,146 696,899 234,231 136,564 1,976,936 24,578 16,072 225,404 203,416 167,704 1,944,195 566,014 408,904 5,019,438 186,918 170,010 2,009,466 50,000 55,000 450,000 Cr437 105 1,169 137,355 114,905 1,558,297 178,807 2,079,310 202,951 309 309 295 Central of Georgia E A R N IN G S . height revenue______ assenger revenue___ T o t ., in cl. other r e v . xpenses— M aint .way M aint. o f equipm ’t . T ra ffic expenses___ Transportation exp. T o t .exp. ,incl .o th . iet from railroad____ 'axes ___________ ncollectible revenue. N et after taxes, & c. fet from railroad____ ’axes________________ September— — Jan. 1 to Sept. 30— 1922. 1922. 1923. s S $ 3,020,737 33,141,919 25,192,424 955,501 7,649,569 7,338,060 4,270,335 43,331,604 34,952,975 513,116 4,169,606 4,117,456 830,471 12,488,231 9,048,872 339,860 37,870 307,83S 1,909,586 18,087,605 15,284,257 3,413,058 36,200,862 29,852,129 857.277 7,130,742 5,100,846 236,556 2,630,947 2,326,960 5,448 191 1,743 620,530 4,494,347 2,772,743 601,931 4,017,213 2,449,013 694 691 691 Central Vermont — Sept. 30— — Month o f September— ■ Jan. 1 to 1922. 1923. 1922, 1923. $ $ S $ 515,391 469,151 4,808,938 5,196,731 122,976 1,005,998 352,001 139,458 658,461 6,541,119 744,209 5,660,343 996,890 85,273 663.536 144,635 93,985 1,129,184 110,020 1,205,915 114,210 9,342 16,475 194,970 326,578 3,417,829 327,922 1,432,526 542,854 5,848,874 3.668,547 608,150 115,607 692,245 136,059 1,991,796 186,924 20,994 17,570 385,000 390 19 1 649 98,036 504,931 115,046 1,606,147 38,641 92,568 61,479 2,261,339 532 533 533 295 September— — Jan. 1 to Sept. 30— 1922. 1923. 1922. S 1 $ 9,172,705 84,887,554 72,181,524 2,385,528 22,972,768 22,261,631 13,189,311120,321,637106.391.636 1,754,576 16,244,698 14,153,017 2,992,533 28,261,076 21,253,032 148,725 1,531,375 1,368,009 5,627,309 50,326.773 46,152,800 10,888,021100,893,594 86,328,362 2,301,290 19,428,043 20,063,274 830,000 6,750,000 6,670,000 862 38,826 21,249 1,470,428 12,639.217 13,372,025 1,174,897 10,453,732 12,735,532 8,403 8,462 8,403 Chicago Burlington & Quincy — M onth o f 1923. $ 11,050,491 2,681,473 15,060,340 2,243,923 3,252,746 210,888 5,202,571 11,340,983 3,719,357 609,746 1,523 3,108,088 2,882,359 9,405 September— — Jan. 1 to Sept. 30— 1922. 1923. 1922. $ * $ 11,464,423 94,145,471 85,172,533 2,643,361 21,699,257 21,229,831 15,398,172 128108,379 117145,301 2,328,667 17,915,540 15,772,987 3,788,267 30,876,368 24,729.975 170,268 2,123,244 1,721,543 6,359,354 47,612,675 45,438,928 13,097,432 102657,845 91,531,737 2,300,740 25,450,534 25,613,564 1,026,026 7,426,583 8,375,284 1,702 40,976 19,527 1,273,012 17,982,975 17,218,753 1,130,024 16,524,284 15,890,297 9,393 9,400 9,393 Chicago Great Western Sept. 30— — M onth of September— — Jan. 1 to Sept. 30— 1922. 1923. 1922. 1923. 1922. $ S $ S S 3,745,360 1,582,286 1,564,834 14,434,501 12,780,319 924,899 378,670 386,576 3,241,863 3,235,393 5,215,322 2,147,879 2,137,762 19,267,417 17,580,178 810,577 333,718 339,983 3,117,541 2,880,425 477,455 851,151 505,323 4,212,526 3,969,096 116,400 63,025 58,836 580,274 572,050 864,372 2,674,693 920,680 8,063,776 7,479,017 4,673,140 1,803,397 1,891,385 16,576,160 15,520,487 542,182 344,482 246,377 2,691,257 2,059,691 158,130 73,092 81,803 695,091 727,355 61 945 178 2,211 2,494 383,107 271,349 164,396 1,993,955 1,329,842 134,949 156,668 5,143 1,076,692 128,689 532 1,496 1,496 1,496 1,496 Charleston & Western Carolina Chicago Indianapolis & Louisville — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to 1923. 1923. 1922. 1923. 1922. 1923. 1922. S S * % S S S 181,616 2,469,880 1,354,996 1,438,768 13,528,458 11,285,359 236,112 39,068 463,614 430,630 4,263,405 3,763,227 39,439 333,378 235,500 2,933,203 2,053,567 2,088,289 19,710,609 16,719,217 289,098 68,050 36,575 494,859 289,322 264,304 2,512,173 2,209,270 391,784 400,000 4,130,905 3,193,119i 36,174 35,698 488,582 6,612 63,225 66,358 59,559 6,903 621,194 585,1811 120,819 99,265 1,194,004 787,703 731.376 7,718.890 6,386,790 184,839 2,202,944 238,563 1,728,719 1,529,496 15,799,311 13,097,196; 50,661 730,259 50,585 324,848 558.793 3,911,298" 3,622,02l| 16,000 11,000 124,000 92,190 113,782 911,523 843,709 190 492 73 432 379 7,907 16,4431 34,462 39,471 605,767 232,226 444,632 2,991,868 2,761,869 18,904 35,558 451,929 269,203 474,837 2,995,849" 2,943,996 "342 342 342 1,920 1,920 1,920 1,9181 Chicago & North Western Sept. 30— — M onth o f 1922. 1923. * S 4,452,842 9,834,651 172,948 2,808,090 4,869,980 14,062,408 1,077,209 2,352,310 770,313 2,780,126 38,140 163,856 1,776,714 5.375,835 3,762,910 11,056,345 1,107,070 3,006,063 202,312 750,000 7,482 255 904,503 2,248,581 551,380 1,980,028 8,462 295 Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1923. 1922. 1922. 1923. 1922. % $ S S S 1,947,297 1,068,364 937,802 9,764,081 8,202,237 293,142 341,811 262,115 2,422,377 2,273,070 2,420,116 1,497,131 1,347,675 13,460,129 11,587,330 398,021 127,887 138,788 1,331,010 1,239,043 324,290 347,403 296,166 2,969,627 2,519,899 31,992 32,224 59,468 296,030 292,912 495,934 990,341 530,134 4,777,405 4,397,523 1,854,337 1,027,851 1,046,825 9,813,019 8,884,800 469,280 565,779 300,850 3,647,110 2,702,530 103,805 99,000 60,813 750,443 566,821 80 148 922 746 993 365,395 239,889 2,895,921 2,134,716 465,857 239,657 112,001 1,700,339 1,196,256 394,163 657 654 342 657 654 6 E A R N IN G S . Freight revenue______ Passenger revenue___ ► T o t ., Incl. other rev. Expenses— M aint .way M a in t. o f equipm ’t . T ra ffic expenses___ T ransportation e x p . T o t .ex p . ,incl .oth . N et from railroad____ Taxes _ ____._ UncoUectible revenue. N et after taxes, <fcc_ 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 .way M a in t. o f equipm ’t T ra ffic expenses___ T ransportation e x p . T o t .ex p .,incl .o th . N et from railroad____ U ncollectible revenue. N e t after taxes, &c_ N et after r e n t s _____ A ver, m iles 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 a in t.w a y M a in t. o f equipm ’t . T ra ffic expenses___ T ransportation e x p . T ot.e x p .,in cl.o th . N e t from railroad____ Taxes . . . . 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 r e v . Expenses— M aint .way M a in t. o f equipm ’t T ra ffic expenses___ T ransportation e x p . T o t .exp ,in cl.oth . N et from railroad-----Taxes . _ _____ UncoUectible revenue. N e t after taxes, &c_ N et after r e n t s _____ 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 r e v . Expenses— M aint .way M a in t. o f equipm ’t T ra ffic expenses___ Transportation ex p . T o t .exp .,incl .oth . N e t from railroad____ Taxes _ ____ UncoUectible revenue. N e t after taxes, & c. N et after rents______ A ver. mUes o f r’d oper. RAILW AY EARNINGS [V ol. 117. Denver & Salt Lake Chicago Milwaukee & St. Paul Colorado & Southern System ------ Jan. 1 to Sept. 30—— M onth o f September— Incl. Chic. Terre Haute & Southeastern Colorado & Southern 1922. -—-Month o f September— ------ Jan. 1 to Sept. 30— — Month o f September— -------Jan. 1 to Sept. 30— 1922. 1923. 1923. 1923. 1923 S S 1922. 1922. 1922. * 1923. 1922. 1923. $ 141,428 1,496,336 713,851 11,096,809 10,650,438 95,727,077 82,189,764 806,935 907,985 6,943,897 7,349,657 220,565 212,617 156,746 24,289 207,061 2,234,955 2,229,761 18,447,368 18.211,941 208,345 1,604,734 1,556,745 23,915 945,214 179,737 1,916,699 14,804,029 14,421,141127.282.894112,545,176 1,093,958 1,198,658 9,262,001 9,618,461 280,740 427,195 384.000 56,027 66,215 1,953,155 1,957,446 17,918,435 15,094,135 191,695 208,614 1,444,109 1,405,740 677,562 59,759 265,191 3,000,545 2,800,147 29,873,548 25,322,987 266,155 281,588 2,705,093 2,015,516 83,595 10,714 8.944 1,247 212,866 177,827 1,821,719 1,667,738 12,512 16,769 122,218 123,944 995 713,508 336,148 59,230 5,355,415 6.286,120 50,409,109 48,324,183 393,365 446,790 3,723.608 3,540,384 99,925 10,893,293 11,592,955103,361,897 93.858.687 915.844 1,005.510 8.452.988 7,553,496 192,438 1,881,829 1,048,163 246,415 34,870 — 102,949 178,114 — 12,701 3,910,736 2,828,186 23,920,997 18,686,489 193,148 809,013 2,064,965 34,325 81,000 81,000 9,000 831,834 6,703.185 7,287,726 68,102 68,460 9,000 655,515 591,111 597,922 140 30 18,464 26,621 68,930 59 290 1 7,308 4,109 3,273 — 21,701 — 46,270 — 183,979 3,247,913 1,977,888 17,191,191 11,329,833 109,953 25,324 124,398 213,793 1,463,770 — 25,017 — 162,789 102,496 73,219 — 18,049 267,480 1,160,457 24,305 2,664,107 1,564,107 12,602,078 7,981,071 255 11,030 1,099 1,099 255 255 11,010 11,030 11,015 1,099 1,099 255 Chicago Peoria & St. • M onth o f September—------ Jan. 1 to — 1922. 1923. 1923. $ $ S 103,560 822,269 99,958 13,650 15,494 120,661 124,394 130,169 1,033,069 21,239 15,968 164,387 17,636 21,575 191,446 20,379 1,989 4,362 57,820 78,934 567,243 101.836 137,072 1,023.838 — 6,903 9,231 22,558 10,900 66 584 40 38 — 17,803 — 57,393 22,520 4,054 38,046 — 176,213 246 247 247 Fort W orth & Denver City Detroit & Mackinac Sept. 30— — M onth o f September— ------ Jan. 1 to Sept. 30— — Month o f September— — Jan. 1 to Sept. 30— 1922. 1923. 1922. 1922. 1923. 1922. 1923. 1923. 1922. S S * S S * S $ 8 146,276 1,010.996 1,014,864 1,299,605 576,464 593,524 4,819,612 4,777,370 121,728 269,601 269,848 31,785 165,897 204,551 216,527 1,546,720 1,688,039 27,406 192,398 1,401,100 1,390,338 1,569,610 828,337 865,463 6,790,610 6,895,510 162,485 309,376 224,708 17,258 102,817 82,790 41,294 255,547 738,969 581,022 456,056 47,799 439,185 306,420 233,922 1,645,137 1,318,661 46,245 191,315 20,489 12,523 2,058 18.214 39,679 9,449 1,524 114,288 104,373 545,624 524,955 930,393 274,412 2,148,936 2,225.873 58,247 58,255 244,698 133,277 1,362,997 1,276,868 1.627,040 592,872 153,392 641,958 4,995,164 4,593,847 59,121 38,103 113,470 9,093 — 57,430 235,465 223,505 1,795,446 2,301,663 3S0 074 92,350 71,979 47,856 362,639 9,518 10.408 86 991 50 946 416 1,085 108 35 23 85 6,810 634 — 144.529 48,713 187,574 — 510 — 34,961 20,704 172,536 1,425,997 1,920.946 37,177 6,522 197,729 47,513 150,457 1,762,583 1,842,289 5.113 — 361,275 381 385 456 246 456 375 385 456 456 Louis Trinity & Brazos Valley Chicago River & Indiana Detroit & Toledo Shore Line — M onth o f September—------ Jan. 1 to Sept. 30— — M onth o f September—------ Jan. 1 to Sept. 30— Includes Chicago Junction 1922. — M onth o f September—------Jan. 1 to Sept. 30— 1923. 1923. 1923. 1922 1922. 1923 1922. s S $ 1923. S 1922. 1922. S $ 1923. $ $ 289,874 3,158,279 2,566,290 424,857 358,811 195,168 1 786,874 1 847 130 1 22,236 — 23,295 162,284 189,198 293,483 3,200,829 2,590,833 o40,474 5,555,281 4,956,212 460,6^4 364,355 224,239 2,006,232 2,114,817 6 1.7,33-2 32,503 252,209 28,629 269,034 57,047 86,977 62,586 566,645 508,989 33.653 329,906 497,382 311,163 28,154 194,918 66,902 22,779 65,797 70,462 £95,980 33,624 474,395 374,635 402,276 22,001 20,448 2,205 723 3,174 2,815 808 8,476 6,571 2,933 28,900 28.807 225,797 725,697 95,162 946,752 215,387 2,162.642 2,040,285 | 114.939 73,294 701.304 98.351 765,741 165,503 1,619,735 1,258,194 256,726 171,929 390,247 360.333 3.438.020 2,168,886 j 145,632 1.537,315 1,807,747 127,980 1.581,094 1,332,639 180,141 2 ,li7 ,2 6 1 78,607 192,426 227,085 1,787,326 I 203,968 468,917 307.070 27,000 63.311 174,700 7,500 7,000 62,000 28,300 139,000 33,205 37,902 324,015 523,357 ! C rl3 75 72 59 800 220 142,239 1.793,246 1,263,969 196,393 100,993 1,406,394 1,193,580 193,880 404.806 164,126 71,535 243.850 584,102 156,879 25,653 633,666 258,322 227,498 2,461,046 1,966,811 53,243 29,125 189,824 — 104,320 61 19 368 368 61 61 19 19 19 368 61 368 W ichita Valley Detroit Toledo & Ironton Chicago Rock Island & Gulf — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September— • Jan. 1 to Sept. 30— — M onth o f September—------Jan. 1 to Sept. 30— — 1923. 1922. 1923. 1922. 1922. 1923. 1922. 1923. 1923. 1922. 1922. 1923. $ $ S $ 8 S $ S S $ S $ 89,187 86,553 916,183 640,085 7,614.127 6,493,788 407,011 3,168,469 3,251,503 390,977 616,906 725,615 89,321 28,657 11,840 93,479 10,284 74,949 82.281 668,460 700,083 25,524 193,051 199,674 941,252 666.139 7,860,952 6,687,749 125,059 121,542 498,925 524,574 4,183,231 4,307,758 979,177 882,182 141.312 262,919 1,044,292 1,283,395 63,002 91,390 17,021 19,909 676,043 159,802 643,307 180,272 271,580 1,115,923 1,657,713 14,839 96,877 70,627 8,144 88,915 672,278 680,624 95,095 75,440 7,101 58,026 13,283 12,717 118,453 6,634 52,874 35 44 349 120,455 398 281.489 322,607 2,632,355 2,385,446 194,686 218.230 1,954,374 1,923,786 43,934 47,623 367,647 377,372 550,690 887,196 4,987,118 5,557,756 374,354 405,970 3,567,731 3,477,945 70,070 83,603 632,138 642,850 54,989 37,939 390,562 — 221,057 2,873,834 1,129,993 124,571 118,604 615,500 347,039 829,813 239,332 12,923 12,239 12,896 113,690 110,148 106,841 9.047 8,742 58,853 18,382 125,516 56,680 121 2 70 912 2 1,995 1,252 179 99 112,262 105,587 504,440 45,942 29,197 372,180 — 233,982 2,746.323 1,016,301 721,720 288,007 182,553 96,102 5,650 88,985 316,635 24,886 211,227 — 383,097 1,506,950 558,586 9,365 78,678 176,915 461 271 461 461 461 454 454 454 454 256 268 256 Chicago Rock Island & Pacific September— — Jan. 1 to Sept. 30— 1922. 1923. 1922. $ S S — M onth o f 1923. 8 7,578,824 2,360,802 10,744,253 1,068,636 2,198,896 171,593 4,121,531 7,889,224 2,855,029 396,763 571 2,457,695 2,028,420 7,635 7,387,249 2,447,150 10,689,360 1,228,771 2,267,483 173,225 4,445,692 8,409,465 2,279,895 540,932 1,768 1,737,195 1,448,740 7,661 65,348,334 19,905,905 92,221,471 10,959,148 21,510,374 1,678,694 38,526,524 75,344,537 16,876,934 4,182,609 9,681 12,684,644 9,119,364 7,635 60,951,926 20,009,864 87,592,818 10,992,477 18,268,979 1,599,426 37,179,131 70,538,014 17,054,804 4,814,610 12,002 12,228,192 9,664,466! 7,661 Delaware & Hudson September—---- Jan. 1 to Sept. — M onth o f 1923. S 2,710,061 460,256 3,399,069 334,832 1,039,243 46,909 1,365,466 2,942,283 456,786 94,500 754 561,432 348,070 886 1922. S 2,241,738 474,423 2,971,904 351,973 1,165,990 52,694 1,283,651 3,031,411 — 59,507 85,690 1923. S 30,027,253 3,136,357 35,291,443 3,124,896 9,610,436 358,416 14,591,912 29,184,263 1 ) , 107,180 773,704 3,889 — 145,197 5,329,587 — 162,569 4,935,238 887 886 Duluth & Iron Range 30— — M onth o f September— — J on . 1 to 1923. 1922. 1923. 1922. * 8 $ $ 870.627 732,919 5,603,913 20,964,792 15,759 17,394 163,679 2,966,803 952,404 811,117 6,293,941 26,459,641 104,248 121,665 885,582 4,065,635 127,710 130,470 1,170,274 7,655,503 1,606 1,809 11,329 399,375 233,233 211.825 1,908,441 11,126,901 487,270 4,148,832 488,471 24,996,294 463 933 323 847 2,145,109 1,463,347 75,950 59.684 464,217 771,210 7 15 204 8.329 387,968 264.156 1,680,688 683,808 400,906 267,406 1,715,489 626.001 279 278 279 887 Sept. 30—• 1922. $ 5,018,167 145,270 5,584,337 870,610 884,651 11,356 1,517,283 3 445 429 2,138,908 393,499 367 1,745,042 1,767,246 281 Chicago St. Paul Minn. & Omaha Delaware Lackawanna E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., in c l. other re v . Expenses— M ain t .way M a in t. o f equipm ’t . T ra ffic expenses___ Transportation ex p . T o t .ex p . ,incl .o th . N et from railroad____ T axes . ______ UncoUectible revenue. N et after taxes, & c. N et after rents . . . A ver, miles o f r ’d oper. — M onth o f September— — Jan. 1 to Sept. 30— I — Month o f 1923. 1923. 1922. 1923. 1922. 5 S $ $ $ 1,803,348 1,788,123 14,768,980 14,497,22l| 4,110,407 566,479 518,952 4,698,125 4,597,102! 1,421,563 2,554,243 2,497,933 21,055,851 20,608,862 6 297 225 739,508 365,191 2,875,531 2,662,148 441,638 462,098 471,758 4,375,353 3,576,867 1,587,662 107,218 34,501 33,750 313,006 300,610 1,029,377 1,063,278 9,682,846 9,297,771 2,648,730 2,045,672 2,012,291 17,956,392 16,566,046 5,285,474 508,571 485,642 3,099,459 4,042,816 1,011,751 133,500 138,580 1,174,664 1,186,283 459,995 1,101 1,736 9,265 74 14,144 551,682 373,970 345,326 1,915,530 2,842,389 666,944 333,103 1,849,418 2,551,374 333,357 993 1,749 1,749 1,749 1,749 Cincinnati Indianapolis & West. — M onth o f September— -— Jan. 1 to 1923. 1922. 1923. S S S Freight revenue______ 338,726 283,598 2,854,975 Passenger revenue___ 44,093 41,871 355,878 T o t ., in cl. other r e v . 411,807 348,541 3,475,490 Expenses— M ain t .way 50,909 52,923 409,094 M a in t. o f equipm ’t . 91,445 75,117 751,567 T ra ffic expenses___ 11,783 104,029 10,355 T ransportation e x p . 150,174 140,868 1,427,718 T o t.ex p .,in cl .oth. 326,760 296.475 2,874,965 N et from railroad____ 85,047 52,066 600,525 Taxes . _____ ___ 181,603 20,413 19,589 UncoUectible revenue. 3 5 N et after taxes, &c_ ' 64,631 32,477 418,917 N et after ren ts________! 46.281 8,277 238,205 A ver. mUes o f r’d o p e r .1 347 347 347 E A R N IN G S . & Western Duluth Missabe & Northern September— — Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1923. 1922. 1922. 1923. 1922. 1922. 1923 8 S 8 $ 8 8 8 4,403,345 46,643.065 36,537,496 3,241.707 1,954,223 15,693,699 10,704,451 1.371 009 10 781 099 10 530 749 14,302 35,840 193,153 341,830 6 564 549 64 876,691 53,770,523 3,514.011 2,160,036 17.401.855 11,912,194 711,462 5,980,741 6,263,372 195,604 198,095 1,531,102 1,499,381 2,002,800 15,950,556 12,454,417 211,929 1,746,613 1,305,039 195,916 113,778 3,536 2,948 27,158 945.632 1,025,193 28,668 528,879 3,055,744 27,583,938 23,895,259 406,626 3,334.656 2,555.646 6,090,514 52,353,747 45.531,748 948,283 840,355 6,837,517 5,582,198 474,035 12,522,944 8,238,775 2,565.728 1,319,681 10,564,338 6,329,996 133,097 1,949,938 1,147,721 376,495 3,889,955 3,688,455 308,372 50 4 21,206 21 4,819 97,490 8,611,783 4,545,501 2,257,356 1,186,580 8,614,400 5,182,254 129,339 9,427,312 "5,058,501 2,253,006 1,179,036 8,576,749 5,153.612 994 307 993 304 305 306 994 Denver Sept. 30— — Month o f 1923. 1922. $ $ 2,480,212 2,562,136 627,405 417,672! 3,078,002 3,483,501 699,737 403,449 813.397 657,077 99,706 50,678 1,220,904 1,349,143 2,704,043 2,916,788 566,713 373,959 152,000 141,569 1,623 413,090 232.3Q0 395,460 36.71 2,593 347 & Rio Grande Duluth South Shore & Atlantic September— — Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1923. 1922. 1922. 1923. 1922. 1923. 1922. * S S 8 $ * * 2,515,575 18,042,837 17.623,136 250,197 3,152,595 2,117,964 379,315 551,567 4,454,608 4,317,300 113,931 100,437 906,253 790,070 3,328,741 24,718,567 23,820,965 561,702 398,516 4,468,696 3,237,120 548,596 4,113,234 3.619,667 65.122 611,120 81,186 573,538 713,430 7,303,954 4,620,043 75,671 25,459 669,060 488.278 46,105 440,917 7,229 57,130 408.332 6,424 59,175 1,148,154 9,350,864 7,910,660 202,106 187,762 2,070.855 1,658,380 2,585,652 22,401.255 17,747,636 385,387 301,561 3,567,235 2,928,801 743.089 2,317,312 6,073,329 901,461 176,315 96,955 308,319 167,000 1,494,630 1,434,175 33,000 258,000 28,000 285,000 249. 6,000 2 128 272 7,264 575,840 63,953 816,682 4,631,890 148,315 643,333 23,047 559,055 1,443,006 4,904,954 132,151 57,725 475,162 15,023 2,593 2,593 591 591 591 2,593 591 'Nov., 1923.] E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., Incl. other r e v . Expenses— M alnt .way M a in t. o f equipm ’t . T ra ffic expenses___ Transportation e x p . T o t .exp . .incl .o th . N et from railroad____ T a x e s ________________ Uncollectible revenue. N et after taxes, & c. N et after rents_______ A ver, miles o f r’d oper. Duluth Winnipeg & Pacific Evansv. Indianap — M onth o f September---------Jan. 1 to Sept. 30— — M onth o f September— 1923. 1922. 1923. 1922. 1923. 1922. $ $ s $ s $ 128,473 136,338 1,568,026 1,242,332 153,727 118,421 22,175 22,535 202,085 182,149 6,069 5,967 156,027 134,998 162,576 1,817,990 1,471,710 169,738 34,904 32,767 320,598 271,655 49,527 32,650 44,104 375,320 44,058 388,408 11,100 5,693 3,003 3,360 30,783 38,395 2,056 1,829 776,969 657,623 64,437 70,665 71,351 71,532 166,350 113,924 130,339 157,620 1,585,701 1,391,974 21,074 39,399 — 10,323 4,956 79,736 232,289 136,202 4,249 8,350 9,742 80,868 3,283 23 36 16,825 — 1,155 36,116 — 18,673 — 4,786 96,051 — 26,992 — 27,650 4,861 — 32,089 54,668 — 9,083 140 178 137 178 178 178 East St. Louis Connecting E A R N IN G S . Freight r e v e n u e _____ Passenger revenue___ T o t ., in cl. other r e v . Expenses— M aint .way M a in t. o f equipm ’t . T ra ffic expenses___ T ransportation e x p . T o t .ex p ., incl .o th . N et from railroad____ T a x e s ________________ U ncollectible revenue. N e t after taxes, & c. N e t after rents_______ A ver, miles o f r’d oper. — M onth o f September---------Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. s s s * 215,835 18,318 27,667 276 67,797 116,296 99,539 18,691 153,704 13,793 7,840 268 55,901 80,016 73,688 8,071 80,848 60,140 1 65,617 57,738 1 1,798,199 1,505,446 118,705 119,551 70,032 66,991 2,570 2,756 578,852 509.247 721,914 793,509 783,532 1,004,690 123,528 96,728 72 53 881,090 686,751 698,968 ' 609,387 1 1 Elgin Joliet & Eastern E A R N IN G S Freight r e v e n u e _____ Passenger revenue___ T o t .. in cl. other r e v . Expenses— M ain t .way M a in t. o f e q u ip m 't. T ra ffic expenses___ T ransportation e x p . T o t .exp .incl. oth . N et from railroad____ T a x e s ________________ U ncollectible revenue. N e t after taxes, & c. N et after ren ts______ A ver, miles o f r’d oper. E A R N IN G S Freight revenue______ Passenger revenue___ T o t ., in c l. other r e v . Expenses— M aint .way M a in t. o f equipm ’t . T ra ffic expenses___ Transportation e x p . T o t .exp . ,incl .oth . N et from railroad____ T a x e s ------------------------U ncollectible revenue. N et after taxes, &c_ N et after rents---------A ver, miles o f r ’d oper. 7 B AILW AY EARNINGS — M onth o f September— — Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. $ $ $ $ 1,913,922 1,541,908 19,059,464 13,402,303 94 40 7 5 2,102,710 1,707,341 21,321,308 15,044,516 193,998 1,686,413 1,328,535 222,393 295,114 5,174,391 2,690,048 609,099 109,520 12,284 109,197 11,253 693,138 573,205 6,595,704 4,865,305 1,575,378 1,107,394 13,896,032 9,297,090 527,332 599,947 7,425,276 5,747,426 88,334 863,367 788,161 110,376 311 416,956 511,613 6,561,598 4,959,265 398,326 4,811,911 3,880,168 239,307 459 SRamb 459 459 Bfc 459 & Terre Haute Grand Trunk Western — Jan. 1 to Sept. 30-— — M onth o f September---------Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. 1923. 1922. S $ $ s * * 1,158,553 649,168 1,334,681 1,172,617 12,381,526 9,963,661 228,914 190,916 1,794,316 1,447,307 60,287 77,524 1,285,182 808,489 1,667,223 1,444,764 15,082.509 12,105,415 278,484 211,312 171,617 1,400,833 1,198,535 344,603 347,904 2,905,289 2,620,449 85,636 66,999 317,172 323,101 247,859 20,063 24,130 16,266 51,910 526,144 444,372 526,326 5,415,570 4,847,374 527,987 839,780 1,163,641 1,126,542 10,550,103 9,419,006 980,065 305,117 — 31,291 318,222 4,532,406 2,686,409 503,582 533,642 615,473 38,241 36,197 77,207 63,650 Cr 72 104 1,363 5 76 73 2,071,008 268,915 — 69,636 240,939 3,997,401 439,859 476,562 — 54,627 — 316,958 219,698 141,887 1,682,107 347 137 140 347 347 347 Florida East Coast Great Northern — M onth o f September---------Jan. 1 to Sept. 30— — M onth o f September---------Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. $ $ S S * s s s 548.304 482.135 6.935.997 6.044.246 9.282.951 8.789.972 65.475.468 54.258.092 177,912 3,568,892 2,948,600 1,425,956 1,402,606 11,622,269 11,133,461 227,824 758,584 11,972,399 10,213,238 11,716,674 11,180,139 85,285,532 72,810,074 889,638 210,870 1,680,908 1,641,925 1,377,872 1,208,872 12,277,658 9,989,573 252,532 240,461 1,862,385 1,767,612 1,870,367 2,682,781 17,058,798 14,307,141 228,357 13,667 120,774 119,448 12,045 117,764 127,063 1,372,302 1,236,383 320,382 288,447 3,599,965 3,166,161 3,646,315 4,287,015 33,800,013 29,508,053 851,134 793,536 7,640,592 7,037,463 7,277,749 8,513,250 66,569,822 57,353,743 — 34,952 4,331,807 3,175,775 4,438,925 2,666,889 18,715,710 15,456,331 38,504 74,440 921,457 574,346 123,367 842,260 6,359,711 5,994,012 778,601 2,642 4,725 29 1,073 846 13,493 12,938 409 — 84,892 - -1 1 0 ,4 6 5 3,407,708 2,596,704 3,659,915 1,823,783 12,342,506 9,449,381 — 126,075 - -1 3 5 ,2 4 5 2,825,091 2,176,401 ' 3 ,5 0 8 ,2 0 0 ' 1,836,120 13,275,167 10,084,242 764 764 764 764 8,255 8,255 8,262 8,252 Fort Smith & Western Green Bay & Western — Month o f September— — Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. S S $ S S $ S $ 845,434 883,895 100,557 119,706 88,686 84,044 774,405 792,715 209,608 208,223 24,929 27,585 9,687 12,310 124,410 143,170 156,980 1,143,098 1,174,984 134,765 973,184 1,011,256 105,350 105,707 232,832 28,466 213,446 27,462 20,450 166,753 193,033 16,793 214,213 22,968 234,828 33,076 16,746 213,873 145,002 28,543 43,036 4,821 43,386 4,772 2,447 21,896 2,320 21,635 414,617 49,125 406,338 46,350 42,577 406,423 51,105 387,098 988,040 112,651 973,851 119,389 84,554 833.306 101,417 770,233 44,329 155,058 201,133 15,376 20,796 139,878 4,290 241,023 52.200 5,800 52,200 5,800 8,000 72,000 72,000 8,000 15.200 626 505 6 376 311 311 102,353 147,413 9,570 37,903 67,502 12,485 168,712 — 3,710 71,440 54,490 28,018 1,345 9,268 87,979 — 4,360 130,923 249 249 249 249 262 234 234 262 Galveston Wharf El Paso & Southwestern Gulf & Ship Island — M onth o f September---------Jan. 1 to Sept. 30— — M onth o f September---------Jan. 1 to Sept. 30— — M onth o f September---------Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. $ s S J S S 8 S t s s s 747,560 757,958 7,373,694 6,396,299 197,329 211,132 1,834,228 1,727,924 143,749 151,809 1,532,885 1,431,744 43,098 40,409 366,714 351,132 142,157 1,028,891 1,071,982 151,159 964,245 9,402,935 8,352,070 941,349 267,416 2,450,612 2,216,245 266,105 40,841 32,499 326,843 440,343 158,420 1,698,343 1,383,314 160,852 48,016 454,813 393,890 54,498 33,312 34,718 2,875 3,996 141,883 1,870,051 1,295,615 179,858 41,710 358,539 42,191 334,963 6,392 6,933 1,208 613 251,338 26,241 313,755 31,265 9,280 7,102 75,277 68,685 31,934 280,664 250,224 35,816 234,581 2,593,444 2,163,725 243,180 80,799 731,236 675,781 82,746 919,198 93,756 762,651 91,163 634,824 6,928,662 5,608,561 663,728 210,880 189,615 1,829,695 1,580,445 48,401 266,240 152,784 59,996 329,421 2,474,273 2,743,509 277,621 77,801 620,917 55,225 635,800 15,800 162,000 149,400 20,000 838,892 893,125 70,988 105,859 17,874 211,190 22,374 160,834 2,332 88 4,746 835 3,576 884 17 30 1,328 824 142 — 1,362 30,269 104,152 39,996 258,416 1,577,572 1,903,782 170,878 59,897 408,399 474,142 32,709 74 30,731 105,912 40,017 279,405 1,387,776 1,688,933 150,276 59,187 340,237 433,275 30,962 13 13 13 13 1,139 1,139 V m a 1,139 1,139 307 307 307 307 Georgia Gulf Mobile & Northern — Month o f September— — Jan. 1 to Sept. 30— — M onth o f Septem ber- ------Jan. 1 to Sept. 30— 1923 1922. 1923. 1922. E A R N IN G S — M onth o f September—- — Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. s s * s 1923. 1922. 1923. 1922. S S S S 355,136 313,266 3,289,901 2,515,605 Freight revenue---------6,605,695 5,543,722 72,348,881 50,434,737 446,713 326,884 3,849,473 2,964,943 114,337 110,451 977,867 889,338 Passenger revenue— 1.289.377 1,137,781 10,519.507 10,051,433 380,212 326,144 44,335 33,025 456,034 4,557,269 3,684,841 504,031 T o t ., in c l. other r e v . 8,629,373 7,380,297 89,369,516 66,083,455 375,719 4,401,458 3,432,999 511,457 491,099 365.991 55,772 41,471 Expenses— M aint .way 1,124,257 1,206,370 10,026,033 8,065,034 76,164 54,007 648,336 520,243 644,552 91,457 860,499 91,063 M a in t. o f equipm ’t . 2,524,299 3,118,756 24,991,237 21,539,079 84,041 75,236 738,082 555,138 21,284 188,341 177,590 22,588 T ra ffic expenses---130,479 1,239,151 1,210,067 143,929 14,351 153,248 17,517 127,314 218,559 1,893,163 1,789,907 196,869 Transportation ex p . 3,226,778 3,971,411 35,377,670 30.987,274 159.824 120,497 1,558,886 1,184,520 391,436 3,611,972 3,152,692 386,628 T o t .exp. ,incl .oth . 7,340,211 8,761,508 74,603,572 64,742,392 279,144 3,249,751 2,520,672 354,707 64,598 945.2971 532,149 117,403 N et from railroad-----1,289,162- —1,381,211 14,765,944 1,341,063 156,750 96,575 1,511,707 912,327 56,340 63,180 7,020 6,260 T a x e s ------------------------290,174 2,990,808 2,460,655 340,678 37,536 254,446 42,500 192,322 5,214 88 3,379 23 U ncollectible revenue . 30,349 59,562 4,734 54 5 Cr27 10,093 1,383 57,490 885,578 463,755 111,120 N e t after taxes, & c. 59,034 938,391--1 ,6 7 6 ,1 1 9 11,715.574— 1.149.941 897,288 114,196 718,622 97,848 56,437 806,163 476,802 N et after rents---------1,194,315— 1,496,974 12,792,203 100,866 100,878 50,005 750,613 580,499 328 328 328 328 A ver, miles o f r’d oper. 2,039 2,039 2,039 2,039 465 470 465 470 Georgia & Florida Chicago & Erie Hocking Valley — M onth o f September---------Jan. 1 to Sept. 30— — M onth o f September— ■ Jan. 1 to Sept. .30— — Month o f September—- — Jan. 1 to Sept. 30— — 1923. 1922. 1923. 1922. E A R N IN G S . 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. s $ s s $ S * * s s s s 116,493 89,006 1,042,450 799,285 1,275,494 1,144,970 11,600,435 8,048,789 Freight revenue---------1,261,075 770,804 9,243,177 7,002,533 23,142 16,312 180,615 116,057 Passenger revenue— 84,901 71,172 620,808 538,008 98,069 100,800 848,417 779.624 112,410 1,302,439 982,857 1,499,743 1,354,872 13,398,188 150,782 T o t ., in cl. other r e v . 1,434,259 897,748 10,520,459 8,118,388 9,670,895 15,420 20,775 164,896 150,600 Expenses— M aint .way 983,894 153,251 1,102,697 134,466 1,282,272 145,633 178,399 990,225 152,134 21,032 16,019 170,618 M a in t. o f equipm ’t . 218,364 1,762,541 1,414,712 499,126 4,683,842 2,416,767 187,606 635,728 7,492 8,736 75,855 73.007 T ra ffic expenses— 174,015 188,240 17,110 10,770 21,779 13,633 119,194 103,900 527,903 391,836 57,471 40,711 Transportation e x p . 3,918,171 3,595,414 414,295 422,794 467,681 3,955,788 3,331,029 368,955 85,722 1,006,952 826,584 1,284,190 1,141,502 10,363,654 116,045 T o t .ex p .,incl .o th . 833,030 7,293,775 6.472,707 756,723 7,108.947 26,688 34,737 295,487 156,273 N et from railroad-----64,718 3,226,684' 1,645,681 213,370 3,034,534 2,561,948 677,536 215,553 6,200 6,300 56,590 56,020 483,204 55,000 467,393 52,569 100,697 85,213 792,259 802,370 794 2 75 791 U ncollectible revenue. 190 672 3 122 367 705 879 1,269 28,435 99,462 20,413 238,103 N et after taxes, & c. 9,715 2,758,619 1,162,287 127,452 2,241,396 1,758,309 624,845 114,489 19,184 10,437 154,725 38,133 N et after ren ts-----------293,734 — 293,935 — 138,648— 1,358,154 99,002 147,257 2,248,569 1,854,329 405 405 405 405 A ver, miles o f r’d oper. 269 269 269 269 348 348 348 348 Grand Trunk System N ew J e rs e y & N ew Y o r k International-Great Northern — Month o f September---------Jan. 1 to Sept. 30— — M onth o f September---------Jan. 1 to Sept. 30— E A R N IN G S . 1923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. $ s s % S $ S 3 Freight revenue---------19,801 16,150 219,386 165,677 1,208,502 1,163,930 8,017,379 7,435,378 Passenger revenue___ 115,061 105,498 935,547 908.569 269,444 218,117 1,907,792 1,844,021 T o t ., in cl. other r e v . 139,074 126,906 1,200,878 1,118,687 1,596,820 1,494,369 10,875,738 10,362,574 Expenses— M aint .way 141,241 144,416 18,514 15,615 308,000 225,817 2,095,998 1,520,512 M a in t. o f equipm ’t . 191,215 186,523 30,388 18,730 264,265 271,451 2,007,206 1.828,716 See Canadian National T ra ffic expenses— 11,935 12,385 1,235 1,585 35,559 26,148 272,775 238,121 628.746 T ransportation e x p . 614,318 74,340 62,709 502,780 564,659 4,171,892 4,538,299 T o t .exp . ,incl .oth . 999,004 999,119 128,670 102,509 1,168,937 1,137,306 9,015,321 8,598,128 201,874 N et from railroad____ — 1,764 119,568 36,565 427,883 357,063 1,860,417 1,764,446 30,020 26,971 T a x e s ________________ 3,000 3,330 32,500 32,500 292,938 294,352 U ncollectible revenue. 618 251 2,080 123 355 12,483 N et after taxes, & c. 92,346 — 4,764 171,236 33,235 395,260 322,483 1.567,124 1,457,611 N et after rents------------ ! — 85,946 — 140,449 — 31,908 5,549 319,837 245,483 1,222,828 988,748 A v e r . miles o f r’d ope r 45 45 45 45 1,159 1,159 1,159 1,159 * m t iErie ^ y ste m fB P ^ P 8 RAILWAY EARNINGS [V ol. 117. I llin o is C e n tr a l S y ste m L o s A n g e le s & S a lt L a k e K a n s a s C it y S o u t h e r n S y s te m I n c . Y a z o o & M ississip p i V a lle y — M onth o f September— ------ Jan. 1 to Sept. 30— Kansas C ity S o n t h e r n — M onth o f September— ------ Jan. 1 to Sept. 30— — Month o f September— — Jan. 1 to Sevt. 30— 1923. 1922. 1922. 1923. 1923. 1922 1923. 1922. S 1923. S $ 8 1922. ] 923. 1922. Freight revenue______ 19.758,059 13,062,087107,819,241 94,990,521 1,283,435 1,023,660 11,309,703 9,082,238 1,351,188 1,303,720 11,872,718 10,496,570 Passenger revenue___ 2,727,181 2,461,933 23,175,282 20,440,187 625,885 476,462 4,905,528 3,917,214 182,124 170,688 1,653,988 1,491,361 T o t ., in cl. other r e v . 15,498,924 16,550,546140,567,484124,016,651 1,656,109 1,590,329 14,794,362 13,210,926 2,118,788 1,634,700 17,714,399 14,253,008 Expenses— M aint .way 2,524,318 2,503,588 21,600,811 17,555,068 272,366 349,473 2,789,737 2,992,050 290,255 198,674 2,125,522 1,730,733 M a in t. o f e q u ip m 't. 3,825,539 3,910,407 33,762,909 28,097,544 498,605 421,165 4,195,087 3,166,077" 370,761 374,095 3,094,164 2,667,858 T ra ffic expenses___ 216,327 205,140 1,929,719 1,901,247 46,323 40,926 452,301 423,166 38,298 37,157 350,351 327,033 T ransportation e x p . 5,521,468 5,815,797 52,863,190 45,885,958 636,505 546,839 5,634,226 4,697,069 531,754 545,989 5,074,828 4,756,954 T o t .exp . ,incl .o th . 12,479,993 12,808,729113,610,027 96,986.682 1,296,731 1,218,039 11,280,820 10,085,476 1,571,583 1,452,167 13,969,682 12,076,857 N et from railroad____ 3 ,0 1 8 ,9 3 i 3,741,817 26,957,457 27,029,969 547,205 182,533 3,744,717 2,176,151 359,378 372,290 A , 513,542 3,125,450 Taxes _ _ ' 916,465 1,074,561 8,064,970 9,418,418 121.728 88,047 94,879 112,389 1,025,077 998,194 868,006 789,285 U ncollectible revenue. 713 1,093 23,467 14,318 48 592 74 2,315 358 360 2,711 3,479 N et after taxes, &c_ 2,101,753 2,666,163 18,869,020 17,597,233 425,429 70,070 2,717,325 1,177,599 270,739 277,051 2,721,546 2,253,965 N et after rents_______ 2,020,078 2,677,012 18,111,88? 17,971,664 313,28? 38,396 2,171,337 221,734 830,492 231,971 ^ 2,378,992 “12,103,847 A ver, miles o f r’d oper. 6,219 6.164 6,166 1,209 1,137 6,219 1,139 767 1,184 767 767 767 I llin o is C en tra l T e xa rk a n a & F o r t S m ith L o u is ia n a & A r k a n s a s — M onth o f September—------ Jan. 1 to Sept. 30— — M onth o f September—------ Jan. 1 to Sent. 30— — M onth o f September—------ Jan. 1 to Sept. 30— E A R N IN G S . 1922. 1923. 1923. 1922. 1923. 1922. 1923. 1922. 1922. 1923. 1923. 1922 % % $ % S * 8 $ S $ $ Freight r e v e n u e _____ 10,406,867 11,674,270 96,731,866 85,066,454 260,226 201,212 2,439,559 2,085,776 261,725 160,842 1,761,524 1,255,934 Passenger revenue___ 2,359,290 2,118,524 20,086,255 17,610,585 35,235 27,784 302,517 290,916 15,126 13,699 138,389 129,172 T o t ., incl .o th e r re v . 13,674,874 14,710,349125,547,734110,428,008 304,423 237,253 2,815,365 2,443,655 297,090 191,231 2,077,594 1,514,939 Expenses— M ain t .way 2,138,805 2,066,057 18,108,774 14,347,951 51,849 59,549 504,801 20,069 16,359 479 ,32 a 171,184 158,559 M a in t. o f e q u ip m 't. 3,443,220 3,545,201 30,409,430 25,355,262 54,956 30,358 14,771 404,165 339,014 21,044 196,392 175,071 T ra ffic expenses___ 8,087 7,660 192,269 180,299 1,719,884 1,669,075 72,720 68,632 4,858 4,930 45,386 46,467 T ransportation e x p . 4,865,467 5,175,157 46,990,734 40,348.099 84,099 78,036 857,454 67,597 51,058 751,305 540,082 450,973 T o t .exp .,incl .o th . 10,988,763 11,292,937100,343,756 84,841,304 214,006 176,404 1,907,909 1,708,241 115,424 101,636 1,029,207 907,999 90,417 N et from railroad____ 60,849 2,686,111 3,417,412 25,203,978 25,586,704 907,456 735,414 181,666 89,595 '1 ,0 4 8 ,3 8 7 606,940 __________ Taxes __ 800,921 21,480 957,381 7,073,087 8,356,218 22,568 223,373 11,371 193,401 10,871 95,421 102,346 U ncollectible revenue. 362 46 119 21,035 11,866 714 1,068 473 48 1,671 528 N et after taxes, <&c_ 1,884,122 2,459,669 18,109,856 17,218,620 68,891 38,281 683,964 541,299 169,822 78,676 944,370 510,991 N et after ren ts________ 1,830,419 2,480,288 17,490,553 17,623,366 63,530 41,435 629,496 531,765 141,572 62,778 710,069 364,570 A ver, miles o f r ’d oper. 302 302 302 4,839 4,784 4,839 302 4,784 95 81 95 81 7 a z o o & M ississip p i V a lle y L o u is ia n a R a ilw a y & N a v. C o . L a k e S u p e r io r & I s h p e m in g — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September— ■ Jan. 1 to Sevt. 30— — M onth o f September—------ Jan. 1 to Sept. 30— — E A R N IN G S . 1923. 1922 1922. 1922. 1922. 1921. 1923. 1923. 1923. 1922. 1923. 1922 * % $ S $ S * S s 8 S S Freight r e v e n u e _____ 273,812 1,351,192 1,387,817 11,087,375 9,924,067 274,893 2,448,008 2,090,820' 108,125 136,286 838,542 751,881 Passenger revenue___ 343,409 3,089,027 2,829,602 34,076 33,604 280,112 367,891 274,790 22 36 588 604 T o t ., in cl. other r e v . 1,824,050 1,840,197 15,019,750 13,588,643 327,695 323,197 2,882,206 2,491,775 129,032 161,739 1,004,189 897,465 Expenses— M aint .way 437,531 3,492,037 3,207,117 70,651 75,293 580,648 577,983 385,513 24,193 23,125 190,082 184,278 M a in t. o f eq u ip m 't. 41,147 39,237 548,087 382,319 365,206 3,383,479 2,742,282 356,058 10,856 10,415 127,125 85,055 T ra ffic expenses___ 24,841 232,172 10,077 95,169 10,876 24,058 209,835 243 284 93,282 2.308 1,978 Transportation e x p . 110,379 1,164,625 656,001 640,640 5,872,456 5,537,859 124,744 25,877 36,647 983,975 222,179 195,110 T o t .exp . ,incl .o th . 1,491,230 1,515,792 13,266,271 12,145,378 258,188 245,845 2,487,497 2,113,938 72,933 64,691 569,017 489,644 N e t from railroad____ 69,507 77,352 332,820 324,405 1,753,479 1,443,265 394, ?T3? 64,341 88,806 377,837 435,172 407,821 Taxes . . .............. 17,000 117,180 16,095 115.544 991,883 1,062,200 153,000 7,293 143,991 5,486 67,285 50,786 U ncollectible revenue. 442 211 2,432 Cr355 731 2,453 3,806 2,766 N e t after taxes, &c_ 217,631 378,613 52,065 206,494 759.164 61,046 237,903 57,048 83,320 367,887 231,080 357,035 N et after rents_____ 621,334 348,298 29,136 189,599 196,724 29,147 60,701 87,129 53,687 5,781 378,631 367^559 A ver, miles o f r’d oper. 1,380 1,380 343 1,380 1,381 33 343 33 343 33 343 33 L o u is ia n a R y . & N a v . C o o f T e x . I n t e r n a t io n a l R y . C o . o f M a in e L a k e T e r m in a l — M onth o f September— — Jan. 1 to Sept. 30— — Month o f September— ■ Jan. 1 to Sept. 30— — M onth o f September—------Jan. 1 to Sept. 30— — E A R N IN G S . 1923. 1922 1923. 1922. 1923. 1922. 1923 1922. 1923. 1923. 1922. 1922. S % $ $ $ $ S S 8 $ S S Freight revenue______ 108,967 1,555,300 1,510,071 116,768 92,230 477.616 Passenger revenue___ 18,842 29,807 27,760 327,044 301,726 88,379 T o t ., in cl. other r e v . 140,845 152,504 2,021,453 1,952,722 136,651 90,939 67,263 596,695 874,496 778,988 Expenses— M aint .way 442,227 320,861 63,085 30,178 7,720 18,175 13,556 102,888 142,049 82,002 M a in t. o f equipm ’t . 33,377 38,953 432,260 380,131 11,165 14,667 12,547 80,603 148,176 89,502 T ra ffic expenses. _ 42,061 4,587 38,889 3,110 4,643 18,039 Transportation e x p . 987,802 948,103 53,102 76,005 80,315 54,376 53,973 287,669 506,685 392,057 T o t .exp . ,incl .oth . 151,844 1,937,768 1,721,642 186,178 89,706 516,174 84,355 76.116 812,912 578,398 N et from railroad____ 51,139 660 83,685 231,080 — 49,527 80,521 6 ,5 8 4 ' — 8,853 61,584 300,590 T a x e s ____ __ _______ 16,000 135,000 144,000 4,000 15,000 4,141 24,000 5,934 56,591 50,537 U ncollectible revenue. N e t after taxes, & c. 87,080 — 64,527 — 15.340 — 51,315 650 47,139 56,521 — 12,994 4,993 150,053 N e t after r e n t s _____ 19,559 — 157,440 219 454 — 73,156 5,975 969 23,364 — 24,973 — 5,626 33 474 A ver, miles o f r’d oper. 233 233 233 233 206 13 13 13 206 ’ 13 K a KW 1.N C S . j E A R N IN G S . Freight revenue______ Passenger revenue— T o t ., In cl. othe rrev . Expenses— M aint .way M a in t. e f equipm ’t . T ra ffic expenses___ Transportation e x p . T o t .ex p .,in cl.eth . N et from railroad____ U ncollectible revenue. N e t after taxes, & c. N e t after r e n t s -------A ver, miles o f r’d oper. K a n s a s C it y M e x ic o & O r ie n t R R . L o u is v ille & N a s h v ille L e h ig h & H u d s o n R iv e r — M onth o f September— — Jan. 1 to Sept. 30— — Month o f September— — Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1923. 1922 1923. 1922. 1923. 1922. 1923. 1922. 1922. 1923. 1922. 1923. * * S $ % S 8 t $ $ 8 S 839,858 228,115 170,707 2,126,475 1,561,613 8,266,272 6,813,236 75,370.692 67,793,397 99,404 1,228,941 146,173 93,200 74,530 4,305 9,117 4,071 32,013 7,336 35,358 2,406,573 2,048,082 19.578,772 16,668,465 116,186 1,386,788 1,007,013 242,522 185,703 2,268,506 1,689,635 11,475,130 9,534,463101,386,694 90,134,839 160,940 228,654 23,680 1,590,302 1,405,797 13,255,061 12,901,134 28,171 288,205 37,272 27,374 217,830 241,044 291,095 15,802 211,148 39,067 60,374 34,794 390,682 310,407 3,236,873 2,649,936 25,998,951 22,724,386 41,954 5,229 4,603 49,149 1,319 1,410 213,258 208,473 2,026,613 1,903,963 14,167 13,215 74,037 54,541 656,035 539,031 90,812 104,697 834,719 773.327 4,172,851 3,689,029 37,931,502 34,286,114 108,621 1,332,804 1,077,422 187,837 172,796 1,533,800 1,407,529 9,497,140 8,201,409 81,769,551 74,234,359 160,506 53,984 — 70,409 54,685 12,907 7,565 282,106 1,977,990 1,333,054 19,617,143 15,900~480 434 734,706 48.357 73,022 15,100 450,544 8.320 114,800 302,729 4,174,869 3,387,215 12,178 121,222 447 26 1,343 2 4,096 9,381 8,842 5,180 — 143,457 729 — 755 39,585 434 619,904 160,884 1,526,103 1,026,229 15,432,893 12,504,423 — 10,401 — 3,749 — 3,804 — 149,469 18,045 11,912 1,734,427 1,279,741 16,039,164 12,963,167 — 9,803 504,863 272 272 5.049 272 272 96 96 96 5,038 5,043 96 5,038 Kan. City Mex. & Or. Ry. of Texas E A R N IN G S Freight revenue______ Passenger revenue___ T o t ., incl. other rev. Expenses— M ain t .way M a in t. o f eq u ip m 'tT ra ffic expenses___ T ransportation e x p . T o t .ex p . ,Lncl .o th . N et from railroad____ U ncollectible revenue. N et after taxes, & c. N et after rents________ A ver, miles o f r’d oper. — M onth o f September— — Jan. 1 to 1922 1923. 1923. S $ S 92,921 1,115,774 118,929 96,037 12,546 14,865 112,652 1,270,040 139.009 21,092 235,497 22,787 318,862 16,155 31,585 5,210 51,029 5,265 649,521 58,801 67,143 109,553 1,304,813 131,834 34)91 — 34,773 7,175 6.000 36,000 480 1,656 155 — 72,429 — 3,381 7,020 — 20,044 — 206.778 — 6.507 465 465 465 Kansas Oklahoma & Gulf E A R N IN G S . Freight revenue_____ Passenger revenue___ T o t ., in cl. other r e v . Expenses— M aint .way M a in t. o f e q u ip m 't. T ra ffic expenses___ Transportation e x p . T o t .exp . ,incl .o th . N e t from railroad____ T a x e s ___________ — U ncollectible revenue. N e t after taxes, A c . N e t after rents________ A ver miles o f r’d op er Lehigh & New England Sept. 30— — M onth o f September— — Jan. 1 to 1923. 1922. 1922. 1923. s * * S 917,636 355,379 378,684 4,394,066 96,823 1,799 1,735 17,450 1,080,449 365,699 387,946 4,486,109 61,340 218,959 88,278 559,277 272,525 125,084 50,123 1,150,031 421,394 5,787 6,498 63,898 644,929 150,040 1,388,858 144,199 1,238,908 378,867 282,607 3,311,386 — 158,459 105,339 1,174,723 — 13,168 53,987 6,645 1,956 180,536 819 — 213,265 — 15,124 98,694 994,187 — 343,368 — 8,352 91,959 1,076,079 465 219 235 219 — Month o f F o rm e rly M issou ri O k la h om a A G u lf 1923. — M onth o f September— — Jan. 1 to Sept. 30— * 1922. 1922. 1923. 1923. 241,964 1,694,439 1,894,988 4,088,325 160,550 100,777 109,441 762,798 11,955 10,253 264,567 1,858,985 2,087,195 5,283,244 177,124 694,701 345,601 399,151 47,764 36,308 312,162 209,153 1,422,404 21,397 27,662 79,360 5,388 62,768 49,079 7,802 749,844 2,359,156 733,435 70,313 85,075 155,821 170,495 1,559,744 1,499,579 4,709,884 299,241 587,616 573,360 94,072 21,303 88,522 209,491 89,438 9,579 9,921 86 115 0 4 ,5 6 2 1 209,717 498,9791 368,431 84,492 11,382 100,717 385,683 424,136 7,659 66,822 1,335 314 3141 314 314 Lehigh Valley Louisville Henderson & St. Louis Sept. 30— — M onth o f September— -— Jan. 1 to Sent. 30— 1923. 1922. 1923. 1922. 1922. * s S $ 206,257 196,185 1.851,512 1,708,209 2,799,209 70,358 66.847 17,006 578,990 531,507 295,630 2,881,670 311,723 2,600,926 2,424,134 64,714 559,891 491,839 74,458 481,086 39,968 19,370 855,643 338,328 297,881 6,375 86,898 5,836 58,856 55,655 86,344 1,090,424 91,273 820,246 818,436 206,522 2,668,380 198,965 1,858,770 1,727,461 89,108 213,290 112,758 742,156 '696,673 19,468 22,681 82,806 120 500 118,486 186 359 50 69,454 90,077 130,484 623,311 576,033 78,170 62,865 203,239 513,865 442,487 199 199 236 199 199 Maine Central September— — Jan. 1 to Sent. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1923. 1923. 1922. 1922. 1923. 1922. $ S $ * 8 * * 4,518,596 45,609,648 37,054,467 1,164,594 1,157,842 10,971,704 10,577,142 729,119 5,636,154 5,339,475 488,287 463,735 3,749,140 3.533,821 5,656,065 55,341,462 45,833,132 1,786,558 1,762,208 15,967,316 15,269,304 727,977 5,746,476 5,386,797 290,993 278.113 2,608,230 2,460,832 2,117,236 18,742,764 13,982,181 372,451 298,063 2,999,646 2,864,580 100,192 857,404 13,154 948,545 14,128 123,202 121,708 2,669,215 23,825,339 21,225,256 757,801 771,331 7,419,296 6,666,842 5,702,200 50,526,333 42,895,218 1,490.178 1,415,233 13,612,818 12,562,205 — 46,135 4,815,129 2,937,914 296,380 346,975 2,354,498 A ;7 0 7 ;0 9 9 70,387 1,887,055 1,682,050 98,434 87,649 S85.899 857,258 5,126 52 0856 C rl3,399 12 2,893 1,606 — 121,648 2,928,930 1,269,263 197,894 259,314 1,465,706 1,848.235 — 295,976 2,779,441 740,832 199,154 280,782 1,259,650 1,868,545 1,335 1,335 1,201 1,334 1,194 1,201 1,194 Midland Valley E A R N IN G S . Freight revenue______ Transportation exp T o t .exp . ,incl .o th . U ncollectible revenue. N et after taxes, &c_ Net after ren ts______ A ver, miles o f r ’d oper. E A R N IN G S . Freight revenue. Passenger revenue___ M aint. o f eauip m ’t T raffic expenses __ Transportation ex p . T o t .exp ., incl .o th . N et from railroad____ Taxes ._ U ncollectible revenue. N e t after taxes, &c_ N et after ren ts_______ 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 r e v . Expenses— M ain t .wav M a in t. o f eq u ip m ’t . T ra ffic expenses. _ Transportation e x p . T o t .exp . .incl .o th . N et from ra ilroa d ____ Taxes ___ U ncollectible rev en u e. N et after taxes, & c. N e t after r e n t s . ____ A ver, miles o f r ’d oper. — M onth o f Sevtember—------Jan. 1 to 1923. 1922. 1923. $ $ S 305,393 317,250 2,634,308 568,466 74,790 65,855 386,311 408,462 3,357,930 631,941 87,318 80,298 455,373 45,000 50,193 47,529 5,181 5,379 108 903 116,885 1,028,926 261,563 2,288,362 266,498 119,813 146,899 1,069,568 136,587 15,176 16,740 1,839 40 44 931,142 130,115 104,597 89,906 120,020 838,198 365 365 365 Sept. 30— — M onth of 1922. 1923. $ $ 2,626,375 7,799,256 629,966 1,661,055 3.402,646 10,239,452 515,765 1,560,338 403,871 2,777,366 43,731 182,850 3,850,953 1,019,001 2,107,297 8,739,913 1,295,349 1,499,539 130,661 379,909 1,448 4,850 1,163,240 1,114,780 1,069,101 790,751 365 7,364 Freight r e v e n u e _____ Passenger revenue___ T o t ., incl. other rev. Expenses— M ain t .way M a in t. o f ea u ip m ’t . T ra ffic expenses___ Transpertation e x p . T o t .exp . ,incl .o th . Net from railroad. . . T axes _____ ____ __ U ncollectible revenue. N e t after taxes, &c_ Net 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 ., in cl. other r e v . Expenses— M aint .way M a in t. o f equipm ’t . T ra ffic expenses___ Transportation e x p . T o t .exp . ,incl .oth . N et from railroad____ Taxes _ _ _ ___ U ncollectible revenue. N et after taxes, & c. N e t after rents_______ A v e r . miles o f r 'd o p er. Freight revenue_____ Passenger revenue___ T o t ., in cl. other r e v . Expenses— M a in t .way M a in t. o f equipm ’t . T ra ffic expenses___ T ransportation ex p . T o t .ex p . ,incl .o th . N et from railroad____ Taxes . _ ______ U ncollectible rev en u e. N e t after taxes, &c_ N et after r e n t s _____ A v e r . miles o f r ’d o p e r. 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 ain t .w ay M a in t. o f eq u ip m ’t . T ra ffic expenses___ T ransportation exp. T o t .ex p . ,incl .o th . N et from railroad____ Taxes . . . ___ Uncollectible revenue. N et after taxes, &c_ N et after rents _____ Aver miles o f r ’d oper. Monongahela Connecting — M onth o f September—------Jan. 1 to Sept. ,50— — M onth o f Sevtember— ■ Jan. 1 to — 1922. 1922. 1923. 1923. 1923. 1922. 1923. $ 8 8 $ | * 8 902,674 106,804 1,142,320 118,973 148,198 150,125 18,200 18,191 130,588 1,339,645 1,095,791 142,657 120,144 2,084,762 241,403 174,040 23,008 283,587 31,692 241,046 30,051 31,194 278,434 232,779 24,090 28,628 352,843 26,671 44,723 51,441 5,899 51,381 6,214 506 4,918 374 383,254 452,320 44,945 45,599 72,265 1,048,854 111,307 949,944 -119,220 104,496 1,085,388 134,274 1,692,229 192,316 145,847 26,092 254,257 23,437 392,533 — 14,130 49,087 56,046 48,079 5,500 6,237 21,934 2,035 2,714 190 192 8 167 89,611 19,847 205,986 17,770 370,599 — 16,165 46,373 101,824 195,330 25,098 25,058 194,817 — 20,645 35,368 259 258 257 257 7 7 7 Missouri & North Arkansas Montour — M onth o f September— — Jan. 1 to Sept. 30— — Month o f Sevtember— — Jan. 1 to 1922. 1922. 1923. 1923. 1923. 1922. 1923. 8 8 S $ $ $ 8 80,254 832,313 270,625 108,757 208,738 1,868,311 217,390 68,583 201,998 25,314 16,289 4,276 520 400 362,978 143,409 102,498 1,104,025 209,181 1,894,998 219,870 33,406 201,770 8,705 27,187 306,694 27,458 41,016 44,799 8,568 160,980 21,898 506,891 27,806 74,706 8,187 30,807 4,712 1,519 9,795 1,254 1,186 202,904 468,379 50,802 49,935 367,449 30,145 44,270 305,502 918,269 70,988 111,487 168,241 92,525 1,254,833 57,476 31,922 31,510 185,756 116,656 640,165 51,629 23,291 5,187 1,831 3,650 117,766 1,851 10,530 134 7 312 7 162,331 52,289 28,865 29,679 522,087 114,798 41,099 84,544 — 65 18,004 16,237 763,182 115,750 65,022 304 364 364 344 57 56 57 ____ Missouri-Kansas-Texas RR. E A R N IN G S . Newburgh <fe South Shore Missouri Pacific September— — Jan. 1 to Sept. 30— — M onth of September— — Jan. 1 to Sept. 30— 1922. 1923. 1922. 1922. 1923. 1922. 1923. 8 8 S $ S $ $ 5,859,851 62,485,770 54,203,369 1,319,136 14,076,471 12,370,097 131,441 1,581,857 1,416,014 168,505 8,049,230 83,679,214 73,122,930 101,507 17,681 156,153 16,244 1,510,096 12,036,129 12,900,121 466,317 324,595 38,159 50,937 3,677,158 22,635,417 14,766,449 138,890 1,471,838 1,384,996 57,692 657,605 557,351 64,465 3,699,156 33,171,811 30,047,867 117,092 1,325,424 1,015,944 136,871 7,294,410 72,236,798 61,642,204 400,070 14,349 256,433 31,634 754,820 11,442,416 11,480,726 112,966 115,554 11,675 12,726 351,016 3,367,271 3,297,402 3 28,850 38,936 3,237 287,101 2,674 140,879 18,908 400,567 8,036,209 8,154,474 262,392 10,232 85,631 14,893 79,734 5,671,625 5,344,679 7 7 7 7,299 7,192 7 7,149 New Orleans Great Northern Minneapolis & St. Louis Mobile & Ohio System — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f Sevtember— — Jan. 1 to Sept. 30— M o b i l e * O h io 1922. 1922. 1922. 1923. 1923. 1922. 1923. — M onth o f Sevtember—------Jan. 1 to Sept. 30— 1923. $ 8 1922. 8 $ 8 $ 1922. 1923. $ $ 1923. 145,542 1,753.093 1.477,247 189,475 1,338,948 1,115,569 10,386,454 9,286,297 1,327,788 1,328,933 12,817,789 10,874,447 311,876 326,338 33,565 156,211 1,276,859 1,377,560 37,251 135,432 185,938 150,827 1,495,788 1,274,764 189,024 2,145,441 1,883,963 237,132 1,548,250 1,344,801 12,308,805 11,285,759 1,599,578 1,564,115 15,137,261 12,817,557 284,212 28,924 284,503 177,842 1,680,727 1,586,412 30.820 257,375 193,462 1,972,572 1,568,867 250,646 358,961 271,821 20,444 44,658 222,822 2,869,193 1,991,158 287,518 387,434 3,395,825 2,654,590 385,601 213,352 52,136 6,382 46,520 387,686 4,970 23,014 231,876 27,598 415,813 31,960 45,248 651,031 600,372 74,043 65,965 672,241 5,445,239 5,355,869 616,981 572,888 5,550,929 4,958,639 589,418 130,328 1,446,201 1,295,940 166,937 1,233,305 1,132,707 10,618,196 9,498,677 1,316,152 1,231,038 11,749,158 10,004,115 699,24C) 58,696 588,023 212,094 1,690,609 1,787,082 70,195 314,945 333,077 3,388,103 2.813,442 283,426 149,903 601,181 15,016 135,529 573,041 507,596 67,764 74,887 16,691 759,435 54,000 71,382 1,301 47 1,580 1,190 577 122 2,296 4 615 3,582 97 377 547,757 43,633 451,917 53,500 246,566 137,085 1,115,272 1,184,600 278,980 2,625,086 2,304,656 211,667 719,467 409,956 766,144 45.936 543,383 101,316 49,588 154,729 199,006 2,217,061 1 1,806,300 167,886 274 1,649 274 274 1,649 1,165 274 1,649 1,649 1,165 1,165 1,165 C o lu m b u s ft G r e e n v ille New Orleans Tex . & Mex. System Minn. St . Paul & Sault Ste Marie Form erly Southern R y . in Mississippi N ew O rle a n s T exa s ft M ex ico — Month o f Sevtember— — Jan. 1 to Sept. 30— 1922. 1923. 1922. 1923. — M onth o f September—------Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1922. $ 1922. 1923. 1922. 1923. 1 $ $ 1922. 1923 1923. 818,737 241,411 1,787.678 1,597,210 3,607,581 4,117,794 28,086,280 24,667,210 173,645 805,772 100,480 101,575 250,322 275,181 724,370 5,923,869 5,503,369 40,604 32,217 312,650 725,077 267,431 32,796 33,317 4,740,683 5,253,092 37,098,211 33,296,947 284,098 2,165,977 1,961,432 221,310 140,774 1,134,993 1,124,470 141,122 398,892 300,391 621,457 4,929,574 4,926,611 259,379 27.079 674,693 59,162 336,651 31,582 41,989 105,232 449,887 433,551 662,028 6,649,280 5,205,941 44,111 774,266 44,639 165,154 11,989 15,610 550,584 60,559 64,044 533,544 29,192 6,350 71,739 67,689 7,672 28,509 2,428 2,875 516,062 479,418 412,143 52,433 1,753,866 1,904,548 15,640,504 14,032,165 57,719 420,101 43,423 49,458 883,310 137,465 1,527,936 1,344,708 185,367 3,398,991 3,382,115 28,889,357 25,751,191 97,730 1,036,520 118,658 616,724 638,041 241,160 1,341,692 1,870,977 8,208,854 7,545,756 146,633 98,473 35,943 43,044 22,464 166.093 243,518 248,206 2,322,606 2,268,361 43,973 250,257 20,828 2,652 27,405 5,460 2,500 46 8,908 22,120 685 829 398 627 17 Cr. 1 1,409 76 393,838 450,585 1,090,606 1,622,373 5,864,128 5,268,487 196,560 8.521 125,805 94,412 37,585 19,888 840,189 977,24£> 962,606 1,562,179 5,614,159 4,894,260 89,528 167,732 71.855 — 19,527' 25,338 7,372 4,383 191 4,394 4,402 4,383 191 199 191 191 167 167 167 Mississippi Central E A R N IN G S . 9 RAILW AY EARNINGS Nov., 1923.] I n c lu d in g — M onth o f 1923. 2,140,277 497,806 2,867,024 459,948 832,681 49,869 840,801 2,260,188 606,836 171,217 496 435,123 509,795 1,813 W ic h it a F a ils & N o rth w e s te rn September— — Jan. 1 to Sept. 30— 1922 1922. 1923 2,198,494 19,195,417 17,248,777 473,354 4,439,069 4,399,706 2,914,952 25,832,386 23,828,284 385,759 2,878,154 2,724,668 677,192 7,416,027 4,672,314 425,841 466,120 47,897 960,720 7,723,797 7,304,596 2,163,015 19,420,443 16,065,072 751,937 6,411,943 7,763,212 153,356 1,486,797 1,592,198 13,352 13,850 225 598,356 4,911,296 6,157,662 630,640 5,970,172 6,474,223 1,999 1,999 1,906 ____ Beaumont Sour Lake & W estern Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1922. 1922. 1923. 1923. 8 S S $ S 188,052 94,692 1,404,844 1,168,534 23,032 242,319 214,765 26,330 1,181,981 224,119 127,396 1,738,428 1,469,327 221,632 304,078 160,521 21,982 30,990 196.142 201,839 215,223 25,191 20,774 50,312 45,939 4,731 5,345 5,087 51,766 508,442 475,729 550,388 59,235 1,083,796 115,027 1.048,585 994,966 123,337 385,531 187,015 100,782 12,369 689,843 38.996 5,079 41,299 19,332 4,620 40 855 85 346,450 167,683 96,162 7,250 647,689 138,838 258.064 — 12,929 138,262 52,536 118 118 118 118 7 ____ ____ St. Louis Brownsville ft Mexico Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1922. 1923. 1922. 1923. 8 S S S $ 466,786 285.001 3,103.453 2,745,463 581,811 153,882 109,802 1,047.851 896,210 6,479 596,269 441,020 4,485,409 3,959,361 668,255 159,894 672,093 72,678 75,005 67,573 62,584 53,367 496,401 534,089 224.045 13,616 124,002 124,321 9,059 13,010 164,299 127,969 1,187,960 1,084,066 155,988 612,159 286,073 2,741,631 2,574,508 332,567 — 15,890 335,688 154,947 1,743,778 1,384,853 19,298 163,583 18,219 12,361 127,987 83 Cr. 108 3,186 218 — 35,271 142,586 1,577,009 1,256,648 317,577 996,394 38,180 128,215 1,299,62? 283,551 56 550 550 550 550 Nashville Chattanooga & St. Louis 1923. $ 1,493,103 459,563 2,118,630 434,697 587,329 75,875 767,365 1,925,281 193.349 60,000 152 133,197 176,707 1,258 ____ New York Central System ------Jan. 1 to Sept. 30— New Y o r k Central K B — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1923. 1922. 1922. 1922. 1923. 8 1923. S 8 1,482,209 13,441,241 11.521,148 21,048,506 20,661,892 209517.402 156706,192 406,639 3,788,677 3,441.464 9,378,433 8,674,308 74,938,752 68,946.382 2,038,629 18,489,755 16.126,717 34,448,185 33,351,466 320602,476 256603,639 272,188 3,132,941 2,514,206 4,606,466 3,454,832 35,906,740 30,347,023 546.155 4,386,014 4,135,062 8,685,249 9,841,872 77,621,652 67,465,535 656,861 615,590 67,004 311,596 327,545 2,902,601 2,995,258 864,667 7,084,029 6,399,387 11,701,061 13,421,468 112500,459 96,722,389 1,810,759 15,842,542 14,222,791 26,540,611 28,209,521 239872,480 209743,350 227,876 2,647,213 1,903,926 7,907.574 5,141,945 80,729,996 48.860,289 315,000 1,991,029 1,639,321 18,568,625 15,433,532 35,000 540,000 69,864 3,894 15,765 6,019 951 5,743 45,195 191,919 2,103,319 1,573,161 5,910,802 3.496,605 62,091,507 33,381,662 186,784 2,448,245 1,893,277 6,011.007 3,607,935 60,496,603 35,067,988 1,258 1,258 1,258 6,898 6,899 6,899 6,898 Cincinnati Northern Missouri-Kan.-Texas Ry. of Tex. Nevada Northern — M onth o f September— -—Jan. 1 to Sept. 30— — M onth o f Sevtember— — Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to 1922. 1923. 1923. 1922. 1922. 1922. 1922. 1923. 1923. 1923. 1923. S S S 8 S S 8 $ $ S $ 1,486,818 1,370,475 9,671,847 10,046,401 65,312 312,792 584,960 405,943 213,558 3,771.960 78,189 3,776,580 3,744,267 474,482 419,167 5,421 83,899 38,742 12,864 10,641 13,069 127,920 2,114,808 1,915,971 14,822,843 15,138,428 74,343 717,024 235,554 3,963,575 425,836 95,501 387,235 321,128 2,092,782 2,478,936 322,156 12,650 105,473 52,236 11,374 87,997 66,110 619,032 363,649 464,071 3,068,017 2,427,142 6,901 4,882 50,454 35,414 42,031 164,954 753,936 362,726 361,449 37,784 36,885 453 5,019 3,892 5,974 621 5,319 42,608 695,477 752,717 6,006,640 6,077,952 129,961 11,817 75,114 125,406 87.690 1,297,540 15,789 1,484,518 1,636,662 12,200,135 11,998,356 32,397 323,282 194.222 2.777,886 39,049 228,496 367.990 279,309 2,622,708 3,140,072 41,948 630,290 56,452 393,742 158,739 57,846 41,332 1,185.689 468,084 446,580 46,650 54,316 6,450 59,428 56,603 6,605 12,416 11,671 192,387 4,314 656 97 6,117 0 .1 8 7 3 1 355 582,984 224,896 2,170,011 2,667,674 49,840 35,496 334,306 29,662 992,947 45,429 102,133 34.039 397,456 — 9,494 466,538 1,041,057 49,749 — 14,048 342,983 117,941 10,633 609,449 1,505 1,737 244 1,389 1,737 165 165 244 244 165 165 Sept. 30—• 1922. 3 2,234,285 138,354 2,442.257 515,715 466,641 45,847 847,196 1,944.178 498,079 137.711 362 360.006 171.083 244 10 E A R N IN G S . Freight revenue______ Passenger revenue___ T o t .. in cl. other r e v . Expenses— M ain t .way M a in t. o f equipm ’t.. T ra ffic expenses___ Transportation e x p . T o t .exp .,incl .o th . N et from ra ilroa d -----Taxes ------------------U ncollectible revenue. N e t after taxes, & c. N et after ren ts---------A v e r. miles o f r 'd op er. E A R N IN G S . Passenger revenue— T o t ., in cl. other r e v . Expenses— M ain t .way M a in t. o f equipm ’t . T ra ffic expense*— T ransportation e x p . T o t .exp ., incl .o th . N et from railroad-----U ncollectible reven u e. N et after taxes, & c. N et after r e n t s ------ --A v e r. miles o f r ’d op er. E A R N IN G S . Freight revenue-------Passenger revenue— T o t ., In cl. other r e v . Expenses— M aint .way M a in t. o f eq u ip m 't. T ra ffic expenses . . T ransportation e x p . T o t .exp . ,incl .o th . U ncollectible revenue. N et after taxes, & c. N et after rents---------A v e r. miles o f r 'd op er. E A R N IN G S . Freight r e v e n u e -------Passenger revenue— T o t ., in cl. other r e v . Expenses— M aint .way M a in t. o f equipm ’t . T ra ffic expenses— T ransportation e x p . T o t .exp . ,incl .oth . N et from railroad-----Taxes . ------------------U ncollectible revenue. N e t after taxes, & c. N et after ren ts— . A v e r. miles o f r 'd o p er. RAILW AY EARNINGS N e w York Central System ( C o n c l .) New York Ontario & Western Pennsylvania R R . ( C o n c l u d e d ) C I« y . G in . C h le . A S t. L . (I n c . P e o . A E a st.) — M onth o f September—------ Jan. 1 to Sept. 30— B a ltim o re C h e s a p e a k e A A t l a n t i c — M onth o f September—------ Jan. 1 to Sept. 30— 1923. — M onth o f September—------ Jan. 1 to Sept. 30— 1922. 1923. 1922. 1922. 1623. 1923 1922 1922. S S 1923. 1922. $ 1923. S 5,810,951 5,193,381 52,917,807 44,480,356 472,590 729,276 6,404,914 4,973,448 102,679 786,632 807,344 92,615 1,621,588 1,440,172 13,497,214 12,125,003 291,892 2,699,002 2,684,881 280,845 50,840 55,518 366,015 366,522 8,074,169 7,200,006 72,126,099 61,379,68V 925,808 1,182,769 10,716,145 9,193,954 166,893 151,126 1,200,073 1,223,742 1,099,411 873,239 8,142,968 4,116,498 237,853 176,271 1,549,111 1,297,588 15,234 12,871 132,210 125,935 2,367,249 2,340,696 16,615,409 12,728,194 300,000 234,012 2,400,000 1,613,665 18,071 26,320 347,462 313,413 126,707 101,442 984,795 1,005,836 17,170 17,680 138,296 138,873 1,452 16,712 2.348 17,326 2,871,944 2,880,881 25,882,476 23,416,048 469,469 552,767 4,941,688 4,331,366 86,033 95,677 730,697 700,480 6,695,498 6,424,849 53.735,956 46,266,419 1,057,221 1,010,662 9,328,741 7,665,739 123,682 142,818 1,262,588 1,191,015 1,378,671 775,157 18.390,143 15,113,268 — 131,413 172,107 1,387,404 1,528,215 43,211 8,308 — 62,515 32,727 358,163 292,692 3,926,924 3,543,973 17,500 25,000 357,500 316,000 7,821 47,573 7,792 47,748 1,953 331 6,376 C rl36 86 8.707 1,661 1,271 14 373 60 1,018,555 482,134 14,456,843 11,560,588 — 148,777 147,021 1,028,243 1,210,945 473 — 110,461 35,419 — 15,081 910,369 198,997 13,871,284 10,235,491 — 177,355 117,906 716,750 839,335 33,766 — 896 — 107,651 — 16,286 2,407 2,410 2,407 2,413 569 569 569 569 87 87 87 87 I n d ia n a H a rb o r B e lt L o n g I s la n d New York Susquehanna & West. — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September—------ Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1923. 1923. 1922. 1922. 1922. 1923. a 1923. 1923. 1922. 1922. 1923. S S S $ $ $ * * S S $ S 224,199 2,637,737 2,005,679 203,845 734,256 7,826,285 6,388,479 847,376 ______ ______ ______ ______ 70,812 63,093 569,469 554,711 2,115,531 1,986,980 16,192,060 15,121,537 308,034 998,465 8,709,825 7,303,536 325,747 3,642,788 2,933,026 3,201,872 2,980,012 26,186,019 23,587,475 991,817 104,538 139,804 905,954 58,783 46,849 492,719 418,153 945,430 330,192 3,022,902 2,457,712 404,388 142,912 1,186,934 138,346 798,524 89,247 69,754 688,937 539,038 460,921 4,213,710 3,702,946 419,898 5,204 4,256 37,323 3,814 3,411 32,630 31,904 40,307 28,558 15,263 194,811 154,341 417,573 3,818,122 2,852,671 188,284 231,343 2,006,463 1,797,843 420,350 1,230,422 1,254,354 10,973,796 10,065,454 688,272 725,628 6,181,879 4,768,030 351,658 362,435 3,328,876 2,876,568 2,161,279 2,140,884 19,117,718 17,079,810 — 43,624 303,545 272,837 2,527,946 2,535,506 — 36,688 313,912 56,458 1,040,593 839,127 7,068,301 6,507,665 31,976 287,016 28,200 25,494 253,400 39,791 342,667 227,571 223,226 1,388,941 1,461,831 212,095 3 2,336 2,913 16 413 836 29,788 373 522 251 15,161 26,148 240,858 2,238,594 2,192,426 263,738 — 74,737 — 62,218 30,724 — 171,486 615,650 5,664,199 5,019,686 827,976 131,011 111,356 1,155,128 1,446,591 72,079 — 1,809 284,854 547,878 3,602,397 4,419,605 — 77,119 541,815 119 119 119 119 135 135 135 135 397 398 397 398 M ich ig a n C e n tra l M a ry la n d D e la w a re A V ir g in ia Norfolk & Western -—M onth o f September—------Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September—------Jan. 1 to Sept. 30— 1923. 1922. 1922. 1923. 1922. 1922. 1922. 1923. 1923. 1923 1922. 1923 S S S S $ S $ S $ $ S % 4,818,294 5,003,315 48,584,365 39,339,770 7,154,439 6,665,744 60,109,224 60,225,342 69,869 69,515 551,128 569,613 2,025,862 1,815,670 16,347,087 14,239,929 960,037 881,898 7,666,996 6,692,861 51,525 45,518 269,355 295,063 125,510 849,361 7,582,595 7,578,188 71,777,092 59,354,546 8,435,184 7,857,559 70,665,181 69,335,378 117,265 894,717 1,053,304 821,296 8,090,003 6,245,824 1,177,679 1,163,809 9,457,438 9,031,521 6,303 8,385 71,228 85,873 1,935,032 1,797,561 14,176,056 12,801,769 2,161,483 2,399,165 18,649,366 15,916,555 21,438 13,384 238,950 220,763 84,054 882,622 814,728 90,246 77,710 740,994 705,778 743 104,031 1,688 12,595 16,626 2,523,046 2,501,183 23,822,586 20,739,363 2,679,700 2,662,388 23,994,043 21,001,504 70,688 84,338 583,872 585,208 5,857,633 5,417,208 48,967,573 42,501,173 6,280,873 6,465,496 54,368,745 48,082,691 102,799 109,578 928,130 930,784 1,724,962 2,160,980 22,809,519 16,853,373 2,154,311 1,392,063 16,296,435 21,252,787 15,932 — 78,769 14,466 — 36,067 458,983 4,399,158 3,527,034 550,000 600,000 4,575,000 4,650,000 1,931 442,397 1,896 20,005 20,367 10,106 12,421 474 31,049 7,732 2,316 1,865 457 252 7 1,280,249 1,700,132 18,400,255 13,313,918 1,603,837 791,606 11,690,386 16,595,055 14,001 — 99,026 12,570 — 56,441 1,627,211 16,485,085 12,483,297 1,796,594 12,479 — 112,733 875,727 14,360,332 18,191,494 13,247 1,143,446 — 67,514 1,862 1,862 1,862 1,862 2,238 2,238 2,237 52 82 52 2,237 82 P it ts b u r g h & L a k e E rie Norfolk Southern -—M onth o f September— — Jan. 1 to Sept. 30— — Month of September— — Jan. 1 to 1922. 1922. 1922. 1923. 1923. 1923. 1923. S $ $ S i S $ 550,559 501,352 5,272,214 3,448,944 2,666,832 31,536,985 16,217,147 134,374 259,456 2,486,224 2,032,843 125,915 1,097,695 295,509 732,106 664,373 6,775,358 3,853,263 3,026,790 34,825,912 18,919,524 311,482 3,772,441 2,414,790 100,630 102,384 912,371 576,628 113,894 110,654 1,031,690 716,001 8,716,026 7,895,073 1,048,690 18,181 193,525 182,289 24,740 21,215 211,598 24,470 278,727 262,640 2,794,276 1,016,689 1,080,006 9,584,448 6,780,749 2,734,163 2.187,852122,856,941 17,847,193 549.547 522,530 5,217,902 1,072,331 182,559 141,843 1,557,456 1,119,100 838,938 11,968,971 344,224 162,200 2,188,143 741,716 38,314 32,315 227,735 464 1.506 766 1,747 48 205 5 676,533 9,780,364 329,109 143,479 109,523 1,211,485 891,317 900,731 842,513 13,085,932 1,368,264 123,981 84,552 1,286,775 931 931 227 231 227 930 234 New York Chicago & St. Louis E A R N IN G S . Freight revenue---------Passenger revenue— T o t ., in cl. other r e v . Expenses— M aint .way M a in t. o f eq u ip m ’t T ra ffic expenses— T ransportation e x p . T o t .exp . ,incl .oth . N et from railroad-----U ncollectible revenue. N e t after taxes, & c. N et after r e n t s ..------ A v e r . miles o f r 'd oper Freight revenue-------Passenger revenue---T o t ., in cl. other r e v .Expenses— M ain t .way M a in t. o f equip m ’t . T ra ffic expenses---- : T ransportation ex p . T o t .exp . ,incl .o th . N et from ra ilroa d------ , T a x e s ------------------------- i U ncollectible revenue.! N e t after taxes, & c. N et after ren ts---------- • A v e r. miles o f r ’d o p e r. — M onth o f September— — Jan. 1 to 1923. 1922. 1923. $ 193,202 277,598 11,6 22 ,9 8 8 »*»■*______ 307,335 *,2,544,992 256,706 9,470 as 1112,301 13,079 13,980 8,016 M 1199,905 4 »\ ______ 40,626 42,600 w f 444,910 767,212 68,779 61,606 245,729 1,777,780 187,927 39,373 365,412 38,000 149,927 111,548 19 206,356 157,583 19 1,412,368 1,178,215 19 Sept. 30— 1922. $ 1,880,916 2,145,807 118,152 112,499 411,408 656,028 1,489,779 354,359 1,135,420 778,631 19 New York New Haven & Hartford E A R N IN G S . Freight revenue---------Passenger revenue— T o t ., in c l. other r e v . Expenses— M a in t. way M a in t. o f eq u ip m ’t . T ra ffic expenses— Transportation exp. T o t .exp • .incl .o th . N et from railroad-----T a x e s ------------------------U ncollectible revenue. N e t after taxes, & c. N et after ren ts---------A v e r. miles o f r ’d oper M o n o n g a h e ia Sept. 30— — M onth of September— — Jan. 1 to 1922. 1922. 1923. 1923. S S $ $ 4,698,689 467,884 349,807 3,992,932 1,097,329 41,592 34,898 337,530 6,122,293 514,950 399,645 4,395,057 913,643 52,250 517,931 62,123 83,921 976,255 129,098 952,897 196,879 1,169 1,185 10,017 2,560,411 119,033 1,330,902 146,234 4,911,399 352,089 265,301 2,899,082 1,210,894 134,344 1,495,975 162,861 277,069 8,000 89,550 9,950 783 107 933,042 126,344 1,406,318 152,911 64,504 720,330 680,370 56,990 106 106 930 106 Sept. 30— 1922. S 2,201,544 274,647 2,518,106 360,126 428,553 13,071 720,824 1,606,525 911,581 72,000 164 839,417 499,203 106 Northwestern Pacific T o le d o P e o ria A W e s te rn Sept. 30— — Month of September— — Jan. 1 to Sept. 30— 1922. 1922. 1923. 1923. 1922. S S S S S 90,639 887,824 3,252,958 108,211 720,760 2,065,184 38,704 33,651 370,871 381,983 6,026,369 161,209 141,067 1,386,922 1,210,502 910,180 32,445 257,776 29,989 229,030 21,854 448,899 279,021 776,707 53,669 63,943 2,431 22,478 2,405 25,141 693,822 2,308,789 73,556 632,454 75,208 4,205,224 137,820 1,490,435 1,235,286 168,538 3,247 — 103,513 — 24,784 — 7,329 1,821,145 11,000 99,000 99,000 427,311 11,000 23 1,225 680 480 — 7,776 — 203,738 — 124,264 1,393,154 — 18,329 — 3,051 — 197,321 — 147,429 1,253,878 — 25,897 247 247 501 247 247 W e s t J e rs e y A S e a s h o re Northern Pacific — Month o f September— — Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1922. 1922. 1922. 1923. 1923. 1923. 1923. S S S S S S $ 1 496,372 3,829,150 3,675,927 418,698 7,711,640 7,616,269 54,702,659 50,190,932 975,326 6,755,420 6,393,592 1,321,053 1,408,475 11,887,217 11,795,544 1,044,481 9,824,938 9,846,468 73,231,917 68,294,756 1,566,303 1,574,061 11,419,691 10,890,240 186,754 1,843,019 1,481,187 213,916 1,148,146 1,097,429 11,056,233 9,697,911 231,819 2,000,736 1,887,695 1,608,338 2,494,007 17,642,975 16,185,711 251,808 22,653 117,432 1,512,317 1,253,221 31,966 156,127 150,434 152,194 703,183 4,828,133 4,840,094 599,207 3,201,567 3,359,759 28,928,986 26,093,263 6.326,880 7,354,367 61,718,081 55,982,673 1,147,600 1,196,356 9,191,548 8,730,904 377,705 2,228,143 2,159,336 3,498,058 2,492,101 11,513,836 12,312,083 418,703 122,984 847,378 740,233 723,916 6,364,136 6,515,248 117,706 ■885,378 21 437 1,174 13,316 20,910 44 653 672 254,700 1,380,328 1,273,305 2,757,153 1,767,011 5,136,384 5,775,925 300,953 223,478 1,164,997 1,080,732 267,603 2,879,894 2,109,089 8,616,092 8,386,743 359 359 6,669 6,630 6,669 6,643 359 359 — Month o f September—------Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to 1922. 1923. 1922. 1923. 1923. 1923. 1922. S S S $ $ S S 470,314 487,737 3,522,817 4,310,763 4,015.636 39,762,551 33,737,016 254,132 236,893 2,050,614 201,086 1,807,320 1,590,852 221,117 795,442 800,169 6,139,873 4,719,716 4,385,688 43,301,328 36,582,499 578,637 5,035,969 4,560,834 79.748 963,686 651,438 93,711 132,250 985,778 1,243,733 845,294 8,923,246 6,744,188 126,296 886,552 8,644 66,639 99,562 971,008 6,219 117,359 279,537 2,150,030 1,613,890 1,676,127 15,353,518 13,336,682 258,995 517,200 4,338,330 3,790,924 3,543,349 31,707,881427,008,677 503,618 842,339 11,593,447*. 9,573,822 291,824 282,969 1,801,543 928,792 46,572 49,132 319,211 2,377,498 § 2,075,781 434,376 4,897 v’ 5,189 212 44 27 323 878 7,492,852 522,250 9,211,052 233,810 1,366,844 660,378 245,208 224,743 211,465 1,246,909 474,457 436,087 8,045,575 6,978,138 1,696 496 496 1,696 1,696 1,696 496 New York Connecting E A R N IN G S . [V ol. 117. — M onth o f 1923. S 5,215,347 4,796,067 11,190,891 1,628,875 2,720,441 58,267 4,050,184 8,893,131 2,297,760 431,300 1,057 1,865,403 1,492,104 2,000 September— — Jan. 1 to Sept. 30— 1922. 1922. 1923. S $ * 5,164,675 50,956,205 43,345,111 4,674,746 38,049,129 36,581,836 11,086,238 100516,271 89,944,465 1,449,876 12,076,921 12,583,755 2,509,309 24,144,434 18,737,888 58,815 524,199 495,150 4,509,832 40,409,045 36,783,875 8,958,191 81,223,987 72,533,404 2,128,047 19,292,284 17,411,061 360,406 3,769,237 3,437,730 963 54,573 16,148 1,766,678 15,468,474 13,957,183 1,245,279 8,757,416 9,860,468 2,002 2,000 2,003 Pennsylvania Railroad Peoria & Pekin Union I n c l. P e n n . C o m p a n y G r a n d B a p id s & — M onth o f September—------Jan. 1 to Sept. 30— In d ia n a a n d P. C . C . & S t. L. 1922. 1923. 1922. 1923. — Month o f September— — Jan. 1 to Sept. 30— S S S S 21,891 201,825 27,307 121,430 42,573,005 42,226,678 381884,704 316660,326 24,011 2,116 4,417 35,105 14,885,597 14,298,970 118077,780 108578,396 150,010 157,825 1,302,652 1,308,999 62,617,470 61,749,599 547353,125 466,546271 27,112 31,786 246,628 225,927 8,515,993 7,991.794 64,635.283 57,881,426 138,152 11,774 128,291 14,119 16,091,008 15.260,976 143110,783 118191,727 331 4,797 1,013 2,150 545,280 5.698,469 5.189,539 650,904 63,642 61,038 562,735 556,991 23,431,308 25,571,534 214107,006 18,840,602 109,123 1,032,708 994,231 118,071 50,937,881 51,593,473 447808,964 381276,992 48,702 269,944 31,939 11,679,589 10,156,126 99,544,161 85,269,279 314,768 15,000 105,000 10,000 131,500 3,566,813 3,149,745 24,862,302 21,955,149 16,104 * 7,936 96,908 58,655 33,702 164,944 21,939 183,268 8,096,672 6,998,445 74.584.951 63,255,475 395,514 412,241 47,418 65,417 7,195,393 6,586,961 63,813,986 57,163,338 19 19 19 10,484 19 10,484 10,537 10,537 Nov., 1923.] RAILW AY EARNINGS Perkiomen — E A R N IN G S . Freight revenue___ v. iy t)- 4. Taxes 3- N et after rentsr. M onth o f September— --------- Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. S S S S 77,117 105,365 739,189 847,660 8,499 10,143 68,502 77,257 90,986 119,851 840,784 957,317 9*679 8,887 67,206 72,631 5,229 3,980 38,589 36,791 112 112 974 973 46,409 39,621 391,637 394,986 62,224 509,506 53,515 511,553 28,762 66,336 329,231 447,811 9,770 48,992 46,146 3,956 691 18,992 62,380 279,548 401,665 347,233 13,197 56,728 233,287 41 41 41 41 Pere Marquette — M onth o f September—---------Jan. 1 to Sept. 30— 1923. 1922. 1922. 1923. E A R N IN G S . S Freight revenue .. - 3,226,277 470,364 4,052,996 760,275 888,629 51,271 1,467,567 3,240,975 812,021 171,037 3,095 637,889 553,179 2,262 ry »• N et from railroad. T a x e s ____________ N et after rents . r- $ 2,636,146 433,120 3,370,584 399,184 501,119 47,476 1,234,101 2,285,016 1,085,568 140,023 390 945,155 789,460 2,212 $ 26,705,525 4,156,650 34,039,594 4,379,431 7,388,350 449,284 12,931,844 26,088,631 7,950,963 1,321,416 7,888 6,621,659 4,976,946 2,230 s 21,587,701 3,825,052 27,984,584 3,351,088 5,520,884 465,915 10,614,060 20,949,528 7,035,056 1,306,423 4,121 5,724,512 4,610,628] 2,218 Quincy Omaha & Kansas City St. Louis Southwestern System Richmond Fredericksb. & Potomac St. Louis Southwestern Ry. of Texas -M onth o f September— — Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. S $ S $ 679,972 593,291 4,667,672 4,243,292 135,553 80,033 962,755 775,011 859,238 711,383 6,043,064 5,359,194 133,099 128,609 1,238,266 1,546,156 260,194 147,971 2,186,605 1,312,496 20,481 19,270 183,647 178,120 285,577 323,888 2,844,556 2,791,912 734,949 648,115 6,740,241 6,095,562 124,289 63,268 — 697,177 -736,368 27,321 24,000 243,483 216,000 230 56 1,491 975 96,738 39,212 — 942,151 — 953,343 94,372’ 39,817 — 801,444 — 891,021 807 807 807 807 -M onth o f September— Jan. 1 to 1923. 1922. 1923. $ $ $ 69,392 93,444 666,793 24.342 23,457 199.444 102,499 128,715 944,048 45,974 30,612 354.444 16,310 20,012 195,836 909 938 7,709 41,299 68.551 472,706 106.964 121,913 1,049,896 -4,465 6,802 -105,848 4,003 3,925 39.616 0343 -8,468 2,877 — 145.121 — 13,917 — 3,168 -198,439 250 252 250 M onth o f September---------Jan. 1 to 1923. 1922 1923. S ? S 414,684 502,245 4,591,566 3,197,444 352,682 303,726 897,983 946,638 9,210,611 139,764 885,632 125,805 143.767 146,191 1,318,624 7,371 8,323 76,139 283,135 324,571 3,194,754 618,995 645,830 5,921,841 278,988 300,808 3,288,770 51,908 52,659 525,711 241 1 56 227,079 248,093 2,762,818 191,580 215,339 2,244,124 117 117 117 Philadelphia & Reading • M onth o f September—-------- Jan. 1 to Sept. 30— — 1922. 1923. 1922. 1923. 3 S S $ Freight revenue 6,114,968 5,479,317 68,437,177 45,178,753 957,381 893,478 7,939,195 7,337,327 r-| 7,454,934 6,782,686 80,431,809 55,691,782 686,640 7,392,393 6,658,973 y| 1,450,483 2,112,347 1,339,142 17,109,220 15,125,155 561,498 726,196 65,789 102,126 T ransportation exp 2,805,661 2,959,324 28,698,443 21,530,837 • 6,635,838 5,209,024 55,401,592 45,237,565 819,096 1,573,662 25,030,217 10,454,217 T a x e s _________ 149,052 2,770,662 1,752,731 470,516 U ncollectible revenue. 25,464 11,192 141 Cr 102 348,439 1,424,712 22,234,091 8,690,294 N et after ren ts. 176,637 1,343,941 20,434,548 6,741,276 1,127 1,125 1,125 1,126 E A R N IN G S . 11 St. Louis Southw estern Sept. 30— — M onth of September--------Jan. 1 to Sept. 30— 1922. 1923. 1922. 1923. 1922. S 527,306 1,424,762 1,539,811 13,110,697 11,223,021 175,799 103,973 1,456,887 1,131,857" 212,231 822,241 1,670,778 1,690,367 15,300,086 12,871,797 202,123 228,672 1,724,983 1,784,718 268,864 345,966 216,837 2,903,158 ------1,794,244 134,598 44,685 37,560 391,696 7,299 376,468 383,890 489,465 3,898,919 3,559,324 409,628 838,776 1,043,506 1,023,788 9,479,292 8,035,965 627,272 666,579 5,820,794 4,835,832' — 16,535 117.232 868,908 643,492 102,736 35,287 770 222 2,835 3,468 93 509,270 563,621 4,949,051 4,188,872 — 51,915 481,661 483,391 4,528,469 3,850,981 — 97,851 968 968 968 252 968 Sept. 30— 1922. % 4,162,808 2,632,245 8,084,749 978,188 1,097,997 72,941 2,794,110 5,354,476 2,730,273 452,192 771 2,277,310 1,873,309 117 Rutland 1923. $ 311,856 169,837 601,193 127,998 98,106 10,727 225,789 477,179 124,014 25,142 98,872 97,584 413 1922. S 264,740 165,076 538,064 108,490 92,042 8,704 218,669 441,759 96,305 21,954 3 74,348 81,327 415 San Antonio & Aransas Pass 1923 $ 2,953,640 1,182,402 5,128,043 928,655 932,083 79,340 2,195,285 4,263,807 864,236 221,186 102 642,948 706,952 413 1922. S 2,261,448 1,144,983 4,280,835 841,863 794,552 74,635 1,935,172 3,778,753 502,082 190,046 53 311,983 351,785 415 Pittsburgh & Shawmut — E A R N IN G S . M onth o f September— — Jan. 1 to Sept. 30— 1922. 1923. 1922. 1923. $ Freight revenue___ 83,512 3,288 90,335 22,090 54,271 1,239 32,467 116,709 — 26,374 110 100 — 26,584 6,836 102 y T ransportation exp. T o t .exp . ,incl .oth T a x e s _________ U ncollectible revenue. N et after rents. E A R N IN G S . Freight revenue___ Passenger revenue. T o t ., in cl. other r e v . T ra ffic expenses_ _ N et from railroad____ T a x e s ________________ U ncollectible revenue. N e t after rents. E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., in cl. other r e v . Expenses— M ain t .way M a in t. o f equipm ’t . T ra ffic expenses___ Transportation e x p . T o t .ex p . ,incl .o th . N et from railroad____ T a x e s ________________ U ncollectible revenue. N et after taxes, & c. N et after rents________ A ver, miles o f r’d oper. $ 80,050 4.067 88,761 23,969 26,392 2,224 41,231 99,524 — 10,763 131 — 10,894 16,603 102 8 8 954,652 701,581 41.706 44,748 1,023,272 765,642 230,214 196,287 302,073 432,843 15,076 14,029 267,614 371,654 875,460 1,079,027 — 55,755 — 109,818 8,804 8,715 2 156 — 64,626 — 118,624 4,166 266,010 102 102 St. L ouis-San Francisco -M onth o f September---------Jan. 1 to Sept. 301QOO 1Q 99 1923. 5,053,689 4,309,250 44,468,282 40,955,676 1,763,621 1,529,653 14,821,766 13,558,117 7,283,601 6,414,570 63,908,174 58,891,289 1,120,083 1,012,272 8,235,958 8,714,457 1,594,355 1,260,696 13,123,228 11,178,436 101,862 78,351 846,778 750,497 2,448,637 2,635,694 23,099,160 21,804,822 5,427,684 5,144,648 46,690,029 43,916,929 1,855,917 1,269,922 17,218,145 14,974,360 328,326 2,989,484 2,975,444 375,417 2,905 18,710 37,305 3,396 - 1,477,104 938,691 14,209,951 11,961,611 “ 1,472,892 724,243 13,786,594 11,425,141 4,760 4,751 4,760 4,751 Pittsburgh & West Virginia Fort W orth & Rio Grande — M onth o f September— -— Jan. 1 to Sept. 30—■ _ -M onth o f September-------- Jan. 1 to Sept. 30— 1922. 1923. 1922. 1923. 1922. 1922. 1923. 1923. $ $ $ S S S % S 299,000 215,521 2,442,507 1,701,143 105,134 778,842 622,495 103,816 9,017 83,923 79.095 9,829 239,029 258,730 28,050 28,557 340,612 251,616 2,814,349 2,047,543 “ 140,305 146,292 1,102,196 974,513 290,198 48,306 39,171 357,765 30,309 369,776 270,525 40,307 854,816 536,930 95,859 56,499 226,142 33,148 208,656 26,613 31,609 3.237 3,006 30,597 24,321 29,318 4,105 2,675 514,912 86,720 751,589 72,383 518,164 455,701 55.670 58,713 256,402 193,558 2,208,213 1,590,947 132,051 129,744 1,087,589 1,106,752 456,596 84,210 58,058 606,136 8,254 16,548 14,607 — 132,239 362,144 243,840 34,867 41,281 3,739 3,508 33,987 31,753 3 106 3 17 160 1,346 1,964 13 23,174 243,989 212,650 " 42,926 12,880 4,502 -20,726 — 165,956 567,288 ' — 3,857 127,397 95,380 1,014,870 — 97,838 — 229,882 -1,921 89 89 85 85 235 235 235 235 Pittsburgh Shawmut & Northern St. Louis San Francisco & Texas — Month o f September— — Jan. 1 to Sept. 30— _ -M onth o f September— -Jan. 1 to Sept. 301923. 1922. 1923. 1922. 1923. 1922. 1923. 1922. S $ S $ S $ $ $ 990,513 84,561 143,705 739,602 151,229 124,262 1,047,509 1,059,065 5,138 5,632 57,827 57,691 15,321 15,037 125,390 134,046 93,062 830,764 153,646 1,077,549 145,094 1,222,033 1,248,854 171,312 35,222 283,846 183,160 22,393 20,160 28,639 266,346 265,302 33,300 39,737 366,585 385,237 23,288 25,280 207,287 209,019 1,364 1,688 15,448 14,635 3,820 35,709 4,878 33,434 47,418 61,914 469,757 369,476 55,034 52,800 487,795 514,685 129,828 126,676 1,193,537 1,012,925 117,487 108,757 1,063,116 1,083,019 — 36,766 26,970 — 115,988 — 182,161 36,337 158,917 53,825 165,835 2,236 21,406 20,011 2,361 1,865 19,016 2,043 16,779 146 248 1,282 173 827 1,067 — 39,127 24,588 — 137,642 — 203,454 51,782 34,299 139,074 ___147,989 14,219 — 33,377 34,309 202,379 ~ 10,705 30,220 — 47,851 — 49,271 210 210 210 210 134 134 134 134 Port Reading E A R N IN G S . Freight revenue______ Passenger revenue___ T o t ., incl. other rev. Expenses— M aint .way M a in t. o f e q u ip m 't. T ra ffic expenses___ T ransportation e x p . T o t .e x p ., incl .o th . N et from railroad____ T a x e s ________________ U ncollectible revenue. N e t after taxes, & c. N et after rents_______ St. Louis Transfer — M onth o f September— — Jan. 1 to Sept. 30 — — onth o f September— - Jan. 1 to Sept. 30— -M — 1923. 1922. 1922. 1923. 1922. 1923. 123. 1922-. S 8 $ S $ * S $ 113,617 123,460 1,595,668 916,365 146,667 25,434 37,875 229 65,169 129,932 16,735 17,426 149,527 9,806 2,562 229 52,837 66,744 82,783 12,933 2,065,902 175,713 147,588 2,061 762,828 1,107,226 958,676 156,679 1,293,205 166,775 106,414 2,061 469,322 760,537 532,668 131,696 79,628 4,590 14,970 160 38,951 59,871 19,757 457 — 691 — 43,945 21 69,850 38,841 21 801,997 276,781 21 400,972; — 13,289 211 19.300 13,212 I 6 57,590 10,954 4,953 155 33,188 50,671 6,919 889 ------------ 6,030 — 957 I 6 654,314 46,380 43,805 1,494 338,831 442,735 211,579 3,787 ------------------ 3 9 ^ 207,753 151,028 6 546,396 92,170 40,600 1,593 297,240 446,312 100,084 5,058 177 94,849 22,700 6 — M onth o f September1923. 1922. $ S 663,784 541,119 111,170 99,016 807,072 681,127 92,848 74,161 119,804 144,388 11,000 9,524 224,613 200,378 492,956 423,904 314,116 257,223 15,002 13,643 87 104 299,027 243,476 286,812 234,542 739 739 -Jan. 1 to 1923. S 3,508,092 670,506 4,475,024 864,885 1,168,680 97,914 1,713,923 4,039,672 435,352 135,342 4,055 295,955 322,744 739 Sept. 30— 1922. S 3.223.666 649,642 4.146.667 804,585 963,905 84,699 1,786,850 3,866,484 280,183 122,994 3,328 153,861 54,258 739 San Antonio Uvalde & Gulf -M onth o f September--------Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. ■$ S I $ 76,121 58,925 683,697 562,660 26,722 19,381 171,555 157,541 111,198 86,620 933,779 800,648 14,702 15,510 136,051 133,839 12,841 15,094 123,736 102,462 3,550 3,075 33,683 25,755 38,872 32,664 363,289 205,306 75,755 72,922 737,976 625,252 35,443 13,698 195,803 175,395 3,071 2,819 29,120 25,628 156 52 706 1,141 32,216 10,827 165,977 148,626 23,638 - 1,121 85,298 45,382 317 317 317 317 Seaboard Air Line M onth o f 1923 S 2,735,843 757,355 3,970,605 546,913 759,130 131,809 1,452,560 3,079,334 891,271 175,000 346 715,925 656,067 3,577 September-------- Jan. 1 to Sept. 30— 1922. 1923. 1922. s 2,603,259 644,580 3,700,004 409,641 795,891 109,126 1,454,652 2,950,757 749,247 175,000 245 574,002 320,499 3,576 s 26,786,255 7,588,116 38,291,505 4,828,392 6,717,280 1,214,900 15,250,683 29,836,174 8,455,331 1,575,000 5,879 6,874,452 5,442,310 3,576 s 22,804,635 6,481,483 32,734,520 3,690,130 5,726,127 1,091,547 13,897,957 26,087,482 6,647,038 1,555,000 4,417 5,087,621 2,724,181 3,576 Southern Railway System Southern Railway —M onth o f September---------Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. 8,398,667 6,665,003 78,420,707 62,300,056 3,034,611 2,600,289 25,274,271 22,144,092 12,410,252 10,137,296 111827,631 91,535,805 1,763,474 1,407,846 15,583,547 13,039,505 2,555,217 1,474,433 21,749,687 15,832,130 255,097 184,022 2,111,231 1,851,976 4,297,710 3,984,992 41,191,728 36,674,902 9,283,184 7,422,894 84,290,531 70,934,734 3,127,068 2,714,403 27,537,100 20,592,071 675,834 492,996 5,213,328 4,227,936 4,219 8,079 22,107 69,157 _2,465,015 , 2,213,327 22,301,755 16,294,978 2,343,651 1,569,095 20,034,710 12,801,964 6,971 6,971 6,971 6,971 Alabama Great Southern -M onth o f September---------Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. $ S S 638,866 325,427 6,038,597 4,399,822 198,366 145,434 1,612,568 1,337,459 890,313 517,598 8,100,275 6,088,431 112,878 87,129 961,094 771,740 210,765 65,895 1,582,898 1,219,172 27,471 16,929 189,660 162,586 274,056 224,219 2,650,121 2,439,224 655,477 420,772 5,654,684 4 ,9 2 1,571 234,836 96,826 2,445,591 1,166,860 48,381 33,462 461,744 376,753 18 18 3,408 _______________3,484 186,437 63,346 1,980,439 786,623 165,046 50,052 1,955,325 751,428 318 318 318 318 12 RAILW AY EARNINGS Southern Pacific System U ncollectible revenue. N et after taxes, & c. N et after r e n t s -----A ver. miles o f r ’d o p er. E A R N IN G S . Freight revenue-------Passenger revenue— T o t ., incl. other rev. xpenses— M aint .way M a in t. o f eq u ip m ’t . T ra ffic expenses — T ransportation e x p . T o t .exp . ,incl .o th . N et from railroad-----T a x e s ------------------------U ncollectible revenue . N e t after taxes, & c. N et after ren ts-----------A v e r. miles o f r 'd o p e r. E A R N IN G S . Freight revenue-------Passenger revenue— T o t . Incl. other rev. Expenses— M ain t .way M a in t. o f equipm ’t T ra ffic expenses— T ransportation e x p . T o t .exp . ,tncl .oth . N et from railroad-----T a x e s ------------------------U ncollectible revenue. N et after taxes, & c. N et after ren ts---------A v e r. miles o f r ’d op er. N o r t h e r n A la b a m a -M onth o f September---------Jan. 1 to 1923. 1922. 1923. * S S 129,722 111,888 1,137,718 14,465 12,676 120,650 148,043 128,231 1,285,706 20,794 16,453 199,655 61,932 6,657 8,256 2,696 19,725 1,045 45,611 56,432 449.554 80,920 83,371 761,087 67,123 524,619 44,860 59,051 5,016 3,970 121 96 62,011 40.890 465,447 252,229 40,046 ' 9,231 E A R N IN G S . Freight revenue---------Passenger revenue— T o t ., in cl. other r e v . Expenses— M ain t .way M a in t. o f eq u ip m 'tT ra ffic expenses— T ransportation e x p . T o t .ex p .,incl .o th . N et from railroad-----T a x e s -------- ---------------U ncollectible revenue. N e t after taxes, &c_ N e t after ren ts---------A v e r. miles o f r ’d o p er. 110 110 110 1922. S 103,497 159,682 11,417 395,211 643,985 345,988 36,227 98 309,663 85,486 110 Southern Pacific System — M onth o f 1923. 12,928,471 4,202,231 19,003,928 2,376,572 2,765,542 276,141 5,738,518 11,934,705 7,069,223 1,440,592 1,968 5,626,663 Freight revenue-------Passenger revenue— T o t ., incl. other rev. Expenses— M aint .way M a in t. o f equipm ’t T ra ffic expenses— T ransportation ex p . T o t .exp . ,incl .o th . N et from railroad-----U ncollectible revenue . N e t after taxes, &c_ N et after ren ts---------A v e r. miles o f r ’d op er. Freight revenue---------Passenger revenue___ T o t ., in cl. other r e v . Expenses— M a in t. way M a in t. o f equipm ’t . T ra ffic expenses— T ransportation exp. T o t .ex p ., incl .o th . N et from railroad-----T a x e s ------------------------U ncollectible revenue. N e t after taxes, & c. N e t after ren ts---------A v e r. miles o f r 'd o p e r. S o u t h e r n P a c ific September---------Jan. 1 to Sept. 30— • 1922. 1923. 1922. 11,399,574 99,550,43 86,655,891 3,865,659 35,076,288 33,401,766 16,808,629 149306,844 132684,350 1,977,068 20,235.234 17,614,203 2,941,828 25,704,189 22,981,468 237,853 2,461,780 2,112,970 5,373,696 47,895,638 45,429,665 11,251,733 102954,443 94,488,606 5,556,896 46.352,401 38.195,744 502,785 11,707,791 11,243,475 2,221 31,415 57,977 5,051,890 34,613,195 26,894,292 4,793,805 32,319,156 25,766,910 7,118 7,122 7,118 A r iz o n a E a stern -M onth o f September—- -—Jan. 1 to 1923. 1923. 1922. S S $ 2,319,260 229,428 203,489 259,143 27,494 28,168 244,498 2,719,504 273,927 363,180 39,184 42,167 427,374 34,328 47,304 2,592 27,698 3,061 701,649 88,792 74,064 201,471 169,257 1,698.556 75,241 1,020,948 72,456 27,212 218,470 24,193 603 55 54 47,974 801,875 48,209 732,090 40,779 33,607 382 382 382 E A R N IN G S . E A R N IN G S . & Seattle M onth o f September— 1923. 1922. 1923. 1,323,926 759,275 13,287,522 386,056 249,537 3,341,419 1,807,009 281,238 159,622 2,306,028 440,849 226,724 3,925,206 46,197 27,861 325,380 525,651 456,586 5,378.444 1,347,140 917,343 459,860 173,426 4,973,710 60,967 63,800 822,739 0242 164 1,016 399,144 109,462 4,149.9,55 361,312 38,904 3,633,423 338 338 338 Freight revenue______ Passenger revenue___ T o t ., incl. other rev. Expenses— M ain t .way M a in t. o f eq u ip m ’t T ra ffic expenses___ Transportation exp T o t .ex p . .incl .o th . N et from ra ilroa d------ Freight revenue---------Passenger revenue— T o t ., Incl. other r e v . Expenses— M aint .way M a in t. o f equipm ’t . T ra ffic expenses— T ransportation e x p . T o t .ex p . ,incl .oth . N e t from railroad-----T a x e s ------------------------U ncollectible revenue. N e t after taxes, & c. N e t after ren ts-----------A v e r. miles o f r 'd op er. Spokane Portland e G a lv e s to n H a rris b u rg & S an A n t o n io — M onth o f September—------ Jan. 1 to Sept. 30— - — M onth of September—- — Jan. 1 to Sept. 30— 1923. 1922. 1922. 1923. 1922 1923. 1922. 1922. 1923. $ $ $ $ 1 1,646,179 1,512,453 12,263,327 11,719,141 542,503 430,516 4,092,799 3,525,976 3 452,459 368,687 3.781,693 3,356,914 165,470 159,081 1.301,580 1,299,355 7 2,225,733 1,985,158 17,066,660 15,968.577 773,720 659,625 5,946,497 5,323,461 3 395,521 379,033 3,465,016 3,014,254 117,601 74,139 767,155 513,440 398,171 394,193 3,510,234 3,119,046 139,344 109,493 1,044,999 793,475 42,523 37,655 382,901 9,411 333,551 10,805 91,751 92.033 3 758,689 812,501 6,613,092 6,377,177 217,683 203,169 1,822,674 1,783,244 9,739,562 1,677,560 1,702,745 14,622,105 13,575.890 512,804 424,899 3,984,882 3,439,148 2,0 548,173 282,413 1 2,444,55o 2,392,687 260,916 234,726 1,961,615 1,884,313 6: 86,890 56,532 583,798 460,371 75,352 60,000 675,360 732,800 8 1,122 9,504 529 9,248 1 986 1,446,035 461,275 224,759 1.851,509 1,922,812 185,563 174,726 1,285,726 1,150,527 386,905 161,901 1,483,453 1,538,408 144,743 169,716 1,096,445 1,048,894 1,379 1,379 1,379 1,379 554 554 556 556 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 & T exa s C e n tra l Staten Island Rapid Transit -M onth o f September—• — M onth o f September— — Jan. 1 to Sent. 30— — M onth o f September—------Jan. 1 to Sept. 30— 1023. 1922. 1922. 1923. 1923. 1922. 1923. 1922. 1923. 1922. 1922. 1923. $ S % $ S * $ $ 8 $ $ $ 269,571 189,877 2,574.808 1,064,736 1,037,759 7,277,362 7,349.884 75,404 61,585 722,441 675,112 111,250 97,896 1,018,025 296,578 305,257 2,380,501 2,612,120 116,021 107,106 967,481 949,121 419,893 317,032 3,914,855 1,434,072 1,425,588 10,308.182 10,639,066 224,296 202,183 1,940,886 1,850,415 71,051 64,058 637,710 244,970 211,543 2,198,808 1,924,665 55,483 58,736 311,195 469,619 82,218 52,098 661,460 245,613 208,954 2,194,212 2,033,544 27,442 39,866 305,814 297,530 6,079 7,638 78,646 27,097 24,015 229,707 1,642 213,747 2,018 16,976 17,422 160,142 144,203 1,575,374 412,923 413,410 3,703,778 3,755,292 121,662 119,923 1,067,683 1,064,563 333,653 284,550 3,081,002 2.825,093 975,419 899,773 8,722,308 8,290,210 234,638 1,828,484 1,972,047 221,105 94,546 34,452 112,402 — 121,632 747,613 458,653 525,815 1,585,874 2,348,856 3,191 — 32,455 19,322 176,876 18,547 49,105 44,796 20,000 420,737 395,239 14,250 129,250 152,000 799 2,121 2.096 761 1,277 12,072 3 584 5,156 3,711 66,119 479,742 1,153,065 1,948,461 11,839 654,856 371,294 408,787 — 11,059 — 52.458 — 17,432 — 277,343 40,010 2,145 378,340 794,532 1,640.761 — 65,434 — 154,938 — 397,542 350,025 431,811 — 21,585 402 402 402 932 923 923 932 23 23 23 23 N ew O rlea n s & N o r th e a s te r n R R . H o u s t o n E ast & W e st T exa s Tennessee Central — Month o f September— — Jan. 1 to Sept. 30— — M onth of September— — Jan. 1 to Sept. 30—■ 1923. 1922. 1923. 1922. 1923. 1922. 1922. 1922. 1923. 1922. 1923. 1923. S $ $ S $ S * $ $ $ $ $ 425,978 175,634 3,877,885 230,436 224,478 1,707,651 1,806,008 198,687 1,781,438 1,304,435 191,551 93,784 71,491 791,504 46,404 44,974 41,809 414,229 405,078 374,566 53,111 365,807 575,218 303,136 5,202.330 291,915 282,318 2,231,452 2,286,013 258,936 254,317 2,317,538 1,781,093 68.564 82,577 727,197 51,583 518,664 460,810 62,976 39,099 401,830 59,197 298,849 128,804 94,786 1,045,419 60,404 52,482 37,332 394,910 522,971 459,565 45,468 271,239 12,209 9,769 98,297 4,321 3,639 33,512 55,310 7,253 5,525 31,275 50,133 196,826 181,687 1,880,913 107,582 87,138 828,835 911,195 100,613 109,095 880,567 781,568 439,970 372,767 3,924,682 3,680,540 220,091 215,478 1.979,812 1,919,335 225,810 200,417 1,819,718 1,478,334 135,248 — 59,631 1,277,648 71,824 66,840 251,640 33,126 53,900 366,678 497,820 302,759 48,043 36,357 455,698 14,392 6,813 56,250 5,682 84,467 5,099 55,351 39,233 1,442 181 161 1,795 320 1,966 3 23 823 107 75 87,024 — 106,149 820,155 — 145,458 57,409 27,441 442,362 59.707 165,207 309,605 48,801 263,451 746,333 76,758 — 99,780 ' 40,989 54,660 170,201 9,874 37,748 6,643 279,586 50,508 207 292 207 207 207 191 191 191 191 287 292 287 E A R N IN G S . E A R N IN G S . (Concl.) [V ol. 117. Louisiana W estern Terminal RR. Ass’n of St. Louis — M onth o f September— — Jan. 1 to Sept. 30— Terminal R ailroad Association of S t. Louis — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1923. 1922. 1923. S S 1923. 1922. $ 19231922. S 246,542 2,321,502 2,075,211 252,859 95,960 85,373 820,483 779,074 376,883 355,070 3,367,824 3,064,744 467,220 345,926 3,836,513 3,324,892 562,681 588,182 58,729 64,479 94,775 98,465 812,569 724,550 648,021 70,804 55,965 571,702 74,887 82,281 365,387 376,239 90,134 962 11,408 8,945 79,820 945 8,991 9,518 106,163 93,445 998,110 906,970 151,962 161,035 1,281,296 1,132,650 267,953 244,324 2.485,284 2,341,362 342,814 349,329 2,580,470 2,325,259 110,746 882,540 108,930 7P3.382 124,406 — 3,403 1,256,043 999,635 25,890 265,303 223,564 68,594 59,984 573,002 501,744 34,355 103 49 811 59 1,307 270 987 790 74.472 616,426 55,542 84,807 498,511 — 63,446 682,054 497,101 23,079 1,702,815 1,525,786 74,166 89,977 626,227 513,678 165,350 207 207 207 207 37 37 37 37 S t. Louis Merchants Bridge Terminal M organ’s Louisiana & Texas RR . — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1923. 1923. 1922. 1922. 1923. 1923. 1922. 532,954 158,400 743,660 154,983 158.605 17,716 274,803 640,027 103,633 46,407 185 57,041 40,539 400 544,934 151,453 748,665 131,954 169,778 15,263 248,390 603,445 145.220 46,043 429 98,748 85,062 400 S S 4,566,241 3,942,568 1,407,983 1,360,817 6,461,859 5,761,891 1,473,270 1,233,700 1,414,855 1,338,251 148,338 144,133 2,571,556 2,333,842 5,903,321 5,391,854 558,538 370,037 415,626 418,175 1,665 1,708 141,247 — 49,846 — 62,370 — 176,333 400 400 T exa s & N ew O rlea n s Sept. 30— — M onth o f September—■ — Jan. 1 to 1922. 1922. 1923. 1923. S S S 554,077 4,654,081 1,963,447 513,230 180,384 150,307 1,476,731 253,298 751,352 746,756 6,570,984 2,306,467 168,179 1,689,948 301,481 182,488 176,943 1,547,949 268.576 169,979 12,902 10,576 115,269 28,255 239,074 2,505,303 670,622 373,135 769,849 627,047 6,120,029 1,442,756 119,70^ — 18,497 450,955 863,711 28,614 283,383 44,674 218,310 100 3,638 475 181 163,934 — 63,646 90,995 645.220 40,370 — 21,60^ 515,632 — 100,246 507 507 382 507 $ 417,825 57,543 53,196 888 191,738 310,046 107,779 35,166 418,650 43,240 31,842 835 132,887 214,603 204,047 25,664 72,613 61,267 9 178,383 166,975 9 s 3,676,254 441,689 262,771 8,278 1,698,378 2,472,835 1,203,419 276,892 25 926,502 873,890 9 S 2,785,261 369,870 250,003 8,454 1,249,646 1,919,654 865,607 176,923 278 688,406 828,302 9 Texas & Pacific Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1923. 1923. 1922. 1922. S $ $ 1 1 4,642,254 1,832,568 1,904,192 .5,688,941 .5,071,876 666,766 607,977 5,377,202 5.267,070 1,374,460 6,398,765 2,691.890 2,719,009 22,863,770 22,021,594 407,330 3,318,559 3,883,809 392,275 1,296,251 523,672 672,024 5,613,536 4,402,485 1,681,650 50,742 51,158 458,465 96,553 434,780 880,953 1,012,864 8,419,208 8,390,414 2,462,545 1,923,126 2,257,722 18,741,661 18,116,389 5,815,172 768,764 461,287 4,122,109 3,904,205 583,593 100,000 100,000 900,000 209,204 975,365 729 103 17,155 2,334 2,310 668,035 361,184 3,204,954 2,927,530 372,055 653,020 275,431 2,519,195 2,314,911 78,679 1,952 1,952 1,952 507 1,952 A t la n t ic S te a m sh ip L in es Spokane International — M onth o f September-------- Jan. 1 to Sept. 30— — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1923. 1923. 1922. 1923. 1922. 1922. 1923. S $ $ $ S S S 100,427 672,779 69,345 952,400 9,123,548 7,657,367 705,043 974,706 17,309 18,868 155,081 565,353 469,553 63,982 59,848 116,215 122,804 877,604 95,115 864,253 1,091,627 1,062,196 10,146,451 8,559,057 15,744 22,590 148,537 16,377 138,688 115,489 132,136 18,350 9,732 97,989 9,500 282,300 1,523,896 1,717,313 170,672 75,457 3,262 4,881 29,073 192,336 172,549 27,942 19,907 20,547 33,007 327,184 602,952 6,119,826 4,933,561 33,478 306,208 684,303 75,262 69,973 662,408 601,482 923,868 951,280 8,224,889 7,183,553 52,831 215,196 19,853 110,916 1,921,562 1,375,504 262,771 167,759 52,349 5,477 107,010 5,727 11,653 104,831 49,336 11,845 229 6,558 75 47,354 14,126 162,618 155,914 99,263 1,814,552 1,264,115 213,360 39,931 95,064 5,865 155,914 98,813 1,814,162 1,266,940 151,824 165 165 165 165 * Toledo St. Louis & Western JSlow included in New York Chicago & St. Louis E A R N IN G S . Passenger revenue___ T o t ., in cl. other r e v . Expenses— M a in t.wav M a in t. o f equipm ’t . T ra ffic expenses. . T ransportation exp . T o t .exp . ,incl .oth . N et from railroad____ T a x e s ______ _______ U ncollectible revenue. N e t after taxes, & c. N et after rents________ A ver, miles o f r’d oper. Ulster & Delaware Union RR. (of — M onth o f September— — Jan. 1 to Sept. 30— — M onth o f September— 1923. 1922. 1923. 1922. 1923. 1922. $ % s s $ « 675,165 539,426 69,508 68,670 402,427 436,695 38,867 50,138 142,301 155,086 1,408,454 1,287,370 1,147,401 1,016,401 207,803 25,771 34,664 185,785 72,916 77,166 211,410 199,095 34,757 20,254 275,174 160,138 29,725 27,986 3,409 2,145 162 199 646,354 72,997 83,962 663,034 478,763 456,548 164,281 1,160,989 1,160,164 130,406 696,587 838,625 127,206 247,465 11,895 — 9,195 308,776 319,814 54,056 54,016 6,000 6,003 60,000 Cr 6,000 1 16 73,149 193,433 5,895 — 15,198 325,814 248,776 38,872 — 2,782 — 17,369 133,518 334,893 450,663 128 128 128 128 45 45 Union Pacific System E A R N IN G S . Freight r e v e n u e _____ Passenger revenue___ T o t .. in cl. other r e v . Expenses— M aint .way M a in t. o f equipm ’t . T ra ffic expenses. . T ransportation e x p . T o t .ex p . ,incl .oth. N et from railroad____ Taxes . ____ . . . U ncollectible revenue. N et after taxes, & c. N et after ren ts 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 ., in cl. other re v . Expenses— M aint .way M a in t. o f equipm ’t . T ra ffic expenses___ Transportation e x p . T o t .ex p . ,incl .o th . N et from r a i l r o a d ___ T a x e s ___ _________ U ncollectible revenue. N e t after taxes, & c. N et after r e n t s ____ 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 r e v . Expenses— M aint .way M a in t. o f equipm ’t . T ra ffic expenses. T ransportation ex p . T o t .exp . ,incl .o th . N et from railroad____ Taxes _ _ _ ___ 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 ., in cl. other re v . Expenses— M aint .way M a in t. o f equipm ’t T ra ffic expenses___ Transportation ex p . T o t .exp .,incl .o th . N et from railroad____ Taxes _ ___ ___ Uncollectible revenue. N et after taxes, &c_ N et after rents______ A ver, miles o f r’d oper. 13 RAILWAY EARNINGS Nov., 1923.] Pennsylvania) 2,002,714 2,824,996 45 Utah 2,469,808 3,078,688 45 U n io n P a c ific — Month o f September— — Jan. 1 to Sept. 30— September— — Jan. 1 to Sept. 30— 1923. 1922. 1922. 1923. 1922. 1922. 1923. S 8 S 8,803,321 62,467,622 55,067,363 143,152 125,155 1,121,214 1,224,726 1,605,522 13,666,073 13,053,795 5,384 734 859 6,714 11,280,849 83,807,024 75,012,189 144,994 126,948 1,135,112 1,243,947 1,570,062 11,048,570 9,330,656 41,820 34,985 236,605 211,161 2,407,737 18,085,554 15,611,416 331,297 39,255 31,475 328,594 109,429 1,308,037 1,226,011 3,223 392 376 3,368 3,198,009 23,884,240 21,991,610 311,052 303,681 38,254 41,158 7,763,253 58.473,024 52,461 768 113,035 926,834 890,114 124,624 3,517,596 25,334,000 22,550,421 3537833 20T370 208,278 13,913 593,775 5,083,362 5,210,124 60.571 57,283 7,279 6,734 1,122 6,729 4,791 2 2,922,699 20,243,909 17,335,506 147,707 7,770 13,071 296,548 2,845,281 18,839,714 17,040,175 177,755 5,962 — 19,277 88,588 3,707 3,708 3,688 102 102 102 102 O r e g o n S h o r t L in e Vicksburg Shreveport & Pacific — Month o f September— — Jan. 1 to Sept. 30— — M onth o f September— • Jan. 1 to Sept. 30— — 1922. 1922. 1923. 1923. 1922. 1922. 1923 1923. * S $ % * $ 8 $ 3,056,455 2,906,073 21,140,534 19,609,915 256,464 170,233 2,134,982 1,665,292 505,102 481,023 4,234,757 4,164,750 98,917 83,472 811,535 876,668 3,773,682 3,614,100 27,394.930 25,690,735 377,912 277,918 3,249,778 2,671.738 622,409 491,941 4,814,829 4,113,507 65,279 449,881 56,494 429,048 621,009 5,457,435 4,883,396 633.046 68,897 54,113 565,924 465,338 391,227 402,942 401,902 43,375 8,057 10,965 99,758 89,166 1,097,401 1,484,408 8,732,253 8,699,567 119,417 122,249 1,048,883 1.058,879 2,599,922 2,805,701 20,962,600 19,676,955 280,526 256,028 2,309,484 2,234,934 1,173,760 808,399 6,432,330 6,013,780 21,890 940,294 436,804 97,386 258,777 2,296,905 2,466,145 281,895 17,279 274,684 23,984 169,875 2,993 423 6,057 3,019 581 1,251 203 328 549,199 4,132,432 3,541,578 891,284 4,283 73,199 662,591 265,678 517,910* 3,508,567 3,352,808 567,909 713,978 — 237 57,231 1967908 2,360 2.364 171 2,366 2,366 171 182 188 O r e g o n W a s h in g to n R R . & N a v ig a t io n Virginian — M onth o f September— — Jan. 1 to Sept. 30— — Month o f September— — Jan. 1 to Sept. 30— 1922. 1922. 1923. 1923. 1922. 1922. 1923. 1923. S S $ $ .« 8 s S 2,369,899 1,990,764 15,341,609 14,345,771 1,612,010 1,132,005 14,809,546 12,996,721 545,557 553,209 4,323,338 4,311,692 608,907 79,173 711,399 92,408 3,077,944 2,767,385 21,377,988 20,499,723 1,805,964 1,297,386 16,495,964 14,542,992 636.180 4,487,281 4,571,756 655,646 170,977 1,550,939 1,635,581 171,740 520,535 3.944,609 3,875,932 478,544 403,210 3,886,728 3,454,913 490,347 565,179 540,234 59,883 55,724 12,741 105,722 104,536 11,765 1,020,039 1,206,000 8,978,267 9,118,355 447,845 437,886 4,308,652 3,462,560 2,374,531 2,571,184 19,252,298 19,493,851 1,152,453 1,047,876 10,174,245 8,924,249 703,413 196,201 2,125,690 1,005,872 249,510* "6,321,719 *5,618,743 653,511 181,051 1,544,343 1,630,375 177,505 947.330 1,082,195 149,960 118,330 535 2,631 219 195 5 123 166 525,713 14,931 578,716 — 625,038 99,550 5,374,266 4,536,382 535,176 — 76,309 — 3 07 ,6 4 0 --1,344,234 363,154 133,570 5,680,335 4,665,729 552,165 2,229 2,237 2,238 2,239 540 540 527 540 S t. J o s e p h & G r a n d Is la n d Wabash — M onth o f September— — Jan. 1 to Sept. 80— — M onth o f September— — Jan. 1 to Sept. 30— 1922. 1922. 1923. 1923. 1923. 1922. 1922. 1923. S tf $ S $ $ $ 250,667 229,855 1,978,337 1,909,747 4,549,851 3,538,643 38,131,889 32,630,828 25,195 226,484 228,198 789,067 7,328,210 6 ,8 4 3 ,36q 25,848 941,538 274,371 2,369,833 2,288,938 5,907,626 4,763,877 49,226,645 42,740,987 297,028 46,990 453,779 424,890 57,478 722,909 6,974,851 6,258,200 924,798 482,517 72,686 55,575 439,954 1,195,664 1,142,959 10,344,931 8,461,265 22,873 22,612 2,694 2,376 129,032 116,966 1,122,271 1,034,981 114,667 1,024,390 1,014,350 2,950,330 1,972,889 18,435,013 18,123,744 111,002 247,971 2,094,214 2,010,146 4,481,824 4,104,602 38,410,459 35,406,682 237,857 26.400 275,610 59,171 278,792 1,425,802 659,275 10,756,186 7,334,305 13,131 16,195 156,832 118,338 190,475 188,556 1,702,375 1,697,006 310 321 3,390 14,837 498 39 20,314 156,960 46.040 9,895 121,462 1,235,288 467,329 9,038,974 5,616,985 10,777 — 19,216 1,271 41,313 219.377 6,755,309 3,244,356 943,345 258 2.472 258 258 258 2,472 2,472 2,472 — M onth o f 19" 9,7 +.d94 1 ,.4 7 ,0 7 7 12,607,227 1,410,687 2,188,079 129,880 3,106,063 7,359,494 5,247,733 517,474 ■ 167 4,730,092 4,136,444 3,708 Western Maryland — Jan. 1 to Sept. 30— — Month o f September— — Jan. 1 to Sept. 30— 1922. 1923. 1922. 1923. 1923. 1922. $ S $ 5 $ $ 1,752,014 1,632,484 16,093,030 11,262,704 742,217 91,537 91,793 750,848 1,910,216 1,819,778 17,681,388 12,908,023 9,605,178 8,320,821 287,602 2,116,951 1,761,262 658,943 255,597 605,085 423,272 4,688,286 2,723,252 2,102,880 1,593,946 501,045 310,434 331,014 34,161 1,580 2,061 40,153 664,772 6,060,994 4,620,128 602,363 4,429,639 3,426.011 1,476,600 13,748,721 10,026,435 7,108,344 5,744,268 1,457,462 343,178 3,932,667 2,881,588 452,754 L 27496,834* "2,576,553 430,000 735,000 60,000 90,000 494,120 106,745 362,754 267 211 804 283,178 405.223 804 3,197,667 3,480 241 804 Western Pacific — Month o f September— 1922. 1 1923. $ ? 1,167.183 1,112,715 208,582 260,699 1,580,989 1,421,951 261,031 190,049 209,471 199,304 33,316 35,164 436,502 436,405 931,688 1,056,998 5237991 " 480,263 76,171 81,740 142 73 403,950 442,178 399,018* 453,319 1,043 1,043 — Jan. 1 to 1923. $ 7,339,693 1,862,348 10,061,412 1,734,018 1,784,341 314,636 3,418,714 7,829,582 2,231,830 711,017 999 1,519,814 1,955,149 1,043 2,451,588 2,272,686 804 Sept. 30— 1922. S 6,374,926 1,741,485 8,729,245 1,488,704 1,581,343 294,774 3,278,187 7,169,882 1,559,363 746,937 600 811,826 967,752 1,042 Western Ry. of Alabama — Month o f September— — Jan. 1 to 1922. 1923. 1923. S $ S 161,929 152,965 1,346,801 638,692 72,285 73,405 249,671 2,190.353 261,864 292,902 28,841 34,878 411,376 45,254 40,600 89,075 9.004 9,769 689,688 79,004 79,503 174,802 1,616,656 180,233 74,869* 573,697 81,631 21,952 117,504 12,684 40 258 12 455,935 52,877 68,931 436,030 64,000 " 55,998 133 133 133 Sept. 30— 1922. * 1,097,294 585,570 1,892,328 239,701 401,212 76,160 624,065 1,465,116 427,212 107,017 53 320,142 326,061 133 Wheeling & Lake Erie — M onth of 1923. $ 1,552,481 68,408 1,774,952 241,752 477,588 25,364 559,027 1,344,802 430,150 115,697 5 314,448 276,621 511 September— 1922. S 767,132 51,655 935,247 214,847 313.086 16,864 431,718 1,011,044 def 75,797 88,294 99 — 164,190 — 212,574 511 • Jan. 1 to — 1923. S 12,563,238 573,014 14,258,548 1,764,897 4,191,548 155,571 4,584,597 11,053,162 3,205,386 1,009,570 80 2,195,736 1,866,690 511 Sept. 30— 1922. S 8,496,595 619,699 9,930,429 1,669,916 2,236,186 160,295 3,710.955 8,114,242 1,816,187 971,666 531 843,990 590,042 511 Wichita Falls & Northwestern N n w in c lu d e d in Missouri Kansas & Fexu* 14 RAILW AY EARNINGS [V ol. 117. COMPANY RETU R N S All the figures in the foregoing pages are transcripts of the monthly returns as filed with the Inter-State Commerce Commis sion 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 — M onth o f September—- — Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. R evenues — $ $ S % F reight............... 44,126,417 43,704,484 395738,529 328773,256 Passenger_______________ 18,288,950 17,468,868 142776,903 131663,611 M a il-------------------------853,365 867,769 7,934,636 7,752,727 Express________ 1,229,032 1,333,787 13,773,197 10,208,508 All other transportation___________ 1,323,776 1,447,775 11,379,996 11,065,094 Incidental____________________ 2,088,428 1,969,568 17,389,421 15,441,814 609,838 347,414 Joint facility— C red it______ _______ 75,421 36,301 Joint fa cility— D e b it______________ 35,770 26,341 380,382 218,203 R ailw ay operating revenues____67,949,619 66,802,211 589222,138 505034,221 E xp en ses— M aintenance o f w ay and structures 9,215,132 8,569,573 70,294 ,843 62,396,787 M aintenance o f equipm ent________ 16,839,783 16,022,982 150300 ,454 124552,762 T ra ffic_____________________________ 715,814 585,773 6,082 ,117 5,533,828 T ransportation_________ __________ 25,545,837 27,800,009 232277 030 197807,584 Miscellaneous operations__________ 870,983 993,769 7,674 ;653 7,528,375 G e n e r a l-.______ ___________________ 1,535,244 1,388,059 13,864 ,316 11,896,487 72 ,863 30,476 Transp’n for investm ent— C r e d it.. 13,408 7,485 R ailw ay operating expenses____ 54,709,385 55,352,680 480420,550 410685,347 N et rev. from ra ilw a y op era tion sl3 ,240,234 11,449,531 108801 ,588 94,348,874 R ailw ay tax accruals______________ 3,952,233 3,552,438 27,488 ,875 24,699,209 Uncollectible railway rev en u es.___ 16,670 8,223 113 132 85,779 R ailw ay operating incom e______ 9,271,331 7,888,870 81,199 ,581 69,563,886 Equipm ent rents— D eb it b a la n c e .. 980,652 563,847 11,032 ,223 6,505,880 Joint fa cility rents— D ebit balance 245,019 • 53,599 2,025 ,691 — 349,807 N et railway operating in com e___ 8,045,660 7,378,622 68,141,667 62,708,199 The Kansas City Southern (I n c lu d in g T e x a rk a n a & F o r t S m ith ) — M onth o f September--------Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. s Gross revenue....... ........................ 1,953,199 Operating expenses............................. 1,412.154 N et revenues____________________ 541,045 99,418 T a x e s --------------------------------------------U ncollectible railway revenue_____ 1,065 Operating in c o m e .................. 440,560 Canadian Pacific — M onth o f 1923. $ Gross earnings____ .17,745,908 W orking expenses. .13,247,937 N et p rofits_____ .................... — 4,497,971 September—• — Jan. 1 to Sept. 30— 1922. 1923. 1922. . S S * 18,149,528 130686,362 124826,771 13,563,595 111434,938 105518,422 4,585,932 19,251,424 19,308,349 s s Missouri-Kansas-Texas Lines — M onth o f September-------- Jan. 1 to Sept. 30—1922. 1923. 1922. s M iles operated (average)---------------3,202 Operating r e v e n u e ..-------- ------------- 4,981,831 Operating expenses------------------------- 3,744,705 Available for interest..................... 940,458 Interest charges incl. adjust, bopdg 634,526 N et incom e_____________ 305,931 s s s 3,737 3,412 3,737 4,830,923 40,655,229 38,966,711 3,799,676 31,620,578 28,063,428 686,353 7,706,474 7,814,706 564,391 5,666,072 5,019,600 121,961 2,040,401 2,795,106 N ote.— Decrease in M ileage 534.79 M iles. Bellefonte Central — M onth o f September-------- Jan. 1 to Sept. 30— 1923. 1922. 1922. 1923. S S Gross receipts_____________________ 9,441 l b ,367 9*7,502 76,505 Operation__________________________ 9,129 7,826 62,346 91,937 N e t . ............................... 312 2,540 5,564 14,158 Interest and taxes_________________ 120 120 1,080 1,080 Surplus__________________________ 192 2,420 4,484 13,078 s 1,781,560 16,871,955 14,725,864 1,319,675 12,310,026 10,993,474 461,885 4,561,929 3,732,389 105,749 891,631 963,426 406 4,382 4,006 355,728 3,665,915 2,764,956 St. Louis-San Francisco ( I n c lu d in g S u b s id ia r y L in e s ) -M onth o f September---------Jan. 1 to Sept. 30— 1922. 1923. 1923. 1922. S * 5,155 5,155 5,155 M ile a g e __________________ 5,155 Freight revenue_____________________ 5,313,082 4,544,825 46,328,781 42,671,460 1,569,227 15,219,153 13,987,798 Passenger revenue________ 1,812,209 616,461 4,867,429 4,657,697 494,257 M iscellaneous revenues_____ 6,730,513 66,415,363 61,316,955 Tot?d operating revenues_______ 7,619,548 M aintenance o f w ay andstructures . 1,193,937 1,069,509 8,822,068 9,426,455 M aintenance o f equipm ent________ 1,647,682 1.320,427 13,590,869 11,624,333 Transportation e x p e n s e ._________ 2,570,222 2,763.641 24,221,235 22,880,750 254,935 2,415,941 2,396,555 M iscellaneous expenses___________ 285,926 T otal operating expenses________ 5,697,767 5,408,512 49,050,113 46,328,093 Taxes, hire o f equip ., jo in t facility 566,954 3,524,691 3,397,054 rents (less other in co m e )________ 401,508 Balance available for rentals, sink, 754,958 13,840,559 11,336,533 funds, fixed charges, & c________ 1,520,184 Fonda Johnstown & Gloversville O perating In com e — Freight revenue___________________ Passenger revenue— steam divisioni Passenger rev .— electric division . _ All other rev. from transportation_ R ev. from other railway operations; T otal operating revenues_______ R ailw ay oper. exp. (not incl. taxes) N et rev. from railway operationsi R ailw ay tax accruals_____________ R ailw ay operating incom e______ M lscel. oper. incom e (or loss)_____ T otal operating in com e_________ N on-operating in com e____________ Gross incom e____________________ D educt— Rents for leased roads___ Other rents accrued— d ebits____ Interest on funded d e b t_____ __ Interest on unfunded d e b t . ____ M isc. incom e c h a r g e s __________ T otal deductions from gross in c . N et incom e____________________ _ -M on th o f September---------Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. $ $ $ $ 46,269 40,177 444,148 348,702 5,000 4,509 43,611 32,076 58,745 65,591 591,185 606,625 5,046 3,847 38,954 33,392 1,429 1,114 11,012 8,606 110,399 121,331 1.128,913 1,029,402 69,583 69,491 691,452 610,381 419,021 40,815 51.839 437,460 7,840 5,775 70,560 51,975 46,064 32,975 366,900 367,046 26,122 11,859 8,761 21,419 393,022 44,835 54,825 388,466 3,302 42,199 14,757 29,465 59,593 58,128 435,222 417,931 6,075 675 675 6,075 5,139 4,483 58,083 38,035 218,062 24,229 26,549 238,942 394 13,691 3,568 2,862 2,706 31,707 298,775 39,438 289,327 29,154 26,420 136,447 128,603 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) — M onth o f September—■ — Jan. 1 to Sept. 30—-----1922. 1923. 1922. 1923. Railw ay operating revenues______ 2,530,016 2,401,749 21,343,151 18,230,990 Railw ay operating expenses______ 1,778,455 1,671,903 16,219,532 14.131,527 729,845 5,123,619 4,099,463 i. 751,560 .. Other railway operating in c o m e .. i. 5. N et railway operating in co m e .. . N on-operating incom e_____ .. Gross incom e____________ .. D eductions from gross incoi N et incom e______________ .. September—• — Jan. 1 to Sept. 30— 1922. 1923. 1922. S $ $ 2,854,681 16,208,117 14,495,546 440,871 3,443,184 3,204,904 262,154 1 892.782 1.914.438 3,557,706 21,544,084 19,614,889 405,130 3,165,877 3,230.696 439,056 3,975,700 3,354,302 39,254 306,116 320,045 1,142,775 8,842,956 7,983,556 81,022 631,452 600,936 2.107,238 16,922,102 15,489,537 1,450.468 4,621,981 4,125,351 166.887 1,493,584 1,543,472 1,283,581 3,128,396 2,581,879 52,727 813,398 448.646 7,983 96,445 72,065 1,328,325 3,845,349 2,958,460 127,013 602.832 2,357 605,189 81,982 523,206 38,993 562,200 213,088 349,111 1.116,716 4,006,903 392,583 4,399,486 672,458 3,727,028 366,019 4,093,047 1,983,934 2,109,113 863,934 3,235,528 366,334 3,601,863 641,904 2,959,959 326,569 3,286,528 1.942,234 1,344,293 Central Railway Co. .1 & Sault Ste Marie Ry. Co. — M onth of 1923. S 2,340,351 430,611 Passenger revenues________________ 261,079 All other revenues_________________ T otal rev en u es _________________ 3,032,043 M . W . & S. expenses______________ 426,484 M . o f E . expenses_________________ 448.198 T raffic expenses__________________ 38,885 Transportation expenses__________ 1,012,956 General expenses__________________ 71,619 T otal expenses__________________ 1,998,144 N et railway revenue_______________ 1,033,898 Taxes and uncollectible rev en u es.. 161,479 N et revenue after taxes. & c________ 872,419 Hire o f equipment— Cr------------------14,797 Rental o f terminals— D r__________ 10,069 877,146 145,552 606,008 42,662 648,670 72,637 576,033 39.807 615,840 229,429 386,411 Freight revenues___ Passenger revenues. AH other revenues_ M . o f E . expenses____________ T raffic expenses_____________ Transportation expenses_____ General expenses_____________ T otal expenses_____________ N et railway revenue__________ Taxes and uncollectible revent N et revenue after taxes, & c. Hire o f equipment— D r______ Rental o f terminals— D r_____ — M onth of September—■ — Jan. 1 to Sept. 30— 1923. 1922. 1922. 1923. $ $ $ $ . 1,267.229 1,263,111 11,878,162 10,171,663 .. 294,465 283,497 ■ 2,480,685 2,298,464 146,945 148,775 1,195.279 1,211,930 .. 1,708,640 1,695,385 15,554,127 13,682,057 .. 248,208 216,327 1,763,696 1,695,914 .. 326,067 222,972 2,673,579 1,851,638 28.803 24.789 227.427 230,538 .. 740,909 761,773 6,797.547 6,048,608 56,857 49,014 505,003 434,954 - 1,400,846 1,274.876 11,967,254 10,261,653 . 307,794 420,508 3,586,872 3,420,404 89,606 81,717 851,141 733,796 218,187 338,791 2,735,731 2,686,607 - — 85,482 — 48,820 — 541,745 — 284,048 47,245 56,116 425,176 466,760 85,459 233,853 1.768,809 1,935,798 Nov., 1923.] 15 BAILW AY EAKNINGS Southern Pacific Union Pacific — M onth o f September— ■ — Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922 Average miles o f roa d op era ted ___ 11,238 11,224 11,228 11,224 R evenues — $ $ S $ Freight.................................................... 18,454,735 16,768,600 144511,280 128492,605 Passenger................................................. 5,538,107 5,074,093 46,303,245 44.113,291 M all - ....................................................... 304,862 315,339 2,861,140 2,582,448 704,633 606,170 5,572,300 4,796,089 Express ................ All other transportation__________ 668,346 497,042 4,924.396 4,225,211 In cid e n ta l-------------655,303 547,654 5,107,924 4,397,664 Joint facility— C red it.......................... 9,656 11,738 126,464 183.448 Joint facility— D e b i t .................. 7,816 12,932 44,856 49,235 R ailw ay operating revenues_____26,327,828 23,797,938 209361,895 188750,281 Expenses— Maintenance o f w ay and structure- 3,560,244 3,064,619 30,919,883 26,926,083 Maintenance o f equipm ent________ 4,103,704 4,332,592 37,645,688 34,311,690 T raffic ................................................... 417,147 361,593 3.692,873 3,222,322 Transportation..................................... 8,559,788 8.002,477 72,256,241 68,117,164 M iscellaneou s_____________________ 400,541 348,194 3,269,892 2,965,042 General___________________ 733,936 710,526 6,402,805 6,132,179 Transp’n for investment— O r______ 77,729 70,587 670,210 1,023,921 R ailw ay operating expenses_____ 17,697,634 16,749,415 153517,174 141357,982 Income — ■ N et rev. from railway op e ra tio n s._ 8,630,193 7,048,522 55,844,720 47,392.298 R ailw ay tax accruals______________ 1,771,751 764,470 14,227,436 13,439,431 61,539 85,596 Uncollectible railway revenues____ 3,578 5,573 Equipm ent rents (n et)_____________ D r674,038 475,278 D r3841,603 2,790,281 Joint facility rent (n et)____________ 0 2 7 , 9 4 0 _____ 2,385 C rl7 1 ,245 227.090 N et railway operating incom e__ 6,208,765 5,805,586 37,885,385 31,304,079 — M onth o f September-------- Jan. 1 to Sept. 30— 1923. 1922. 1923. 1922. A verage miles o f road op era ted ___ 9,503 9,426 9,477 9,397 O perating R evenues — $ $ $ * Freight revenue .................................. 16,473.829 14,723,219 110127,566 98,058,180 Passenger re v e n u e __________ 3,422,956 3,115,377 27,124,076 25,438,499 M a il revenue.............................. 335,618 372,976 3,315,025 3,176,960 Express revenue....................... 420,134 390,853 3,337,242 3,151,670 A ll other transportation____ 507,920 374,440 3,619,103 3,237,015 Incidental ............................................ 417,185 320,170 2,771,329 2,393,331 R ailw ay operating revenues_2 1,577,642 19,297,035 150294,341 135455,655 O perating E x p e n s e s — M ain ten a n ceofw ay a n d stru ctu res. 2,961,107 3,047,655 23,140,414 21,007,967 3,970.447 31,682,684 27,536,819 M aintenance o f e q u ip m e n t.. 3,798,275 T r a f f i c .................................. 279,462 245,307 2,728,460 2,591.315 T ra n sp ortation .................................... 5,860,007 6,435,256 47,228,987 44,506,602 M iscellaneous operations____ 424,741 360,535 3,042,302 2,847,831 General______________________ 592,184 542,012 4,948,662 5,289,867 T ransport’n for investment— O r .. Cr.10,245 C r.8,907 Cr.113,907 0 .7 0 ,9 7 0 R ailw ay operating expenses--13,905,531 14,592,305 112657,602 103709,431 In c o m e — N et rev. from railway o p e ra tio n s.. 7,672,111 4,704,730 37,636,739 31,746,224 R ailw ay tax accruals............... 1,098,601 1,145,991 9,949,687 10,304,837 U ncollectible railway revenues____ 992 1,838 14,670 11,740 R ailw ay operating in com e__ 6,572,518 3,556,901 27,672,382 21,429,647 E quipm ent rents, n e t--------------------- Dr982,536 D r.l58 ,72 0 D r2 ,7 5 7 89 3 D rl0 1 6,1 77 J o in t fa c ilit y r e n t.n e t _______ D r .63,119 D r .72,900 D r .702,511 D r .534,228 N e t ------------------------------------ 5,526,863 3,325,281 24,211,978 19,879,242 Oper. ratio (revenues over e x p . ) .. 64.44 75.62 74.96 76-56 B l a i r & Co. INCORPORATED 24 BROAD STREET NEW YORK INVESTMENT SECURITIES Boston Buffalo Chicago Cleveland Los Angeles Milwaukee Philadelphia Pittsburg Minneapolis San Francisco St. Louis Rochester Scranton Syracuse
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