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TWO SECTIONS--SECT1ON TWO RAILWAY EARNINGS SECTION OF THE COMMERCIAL & FINANCIAL CHRONICLE Copyrighted in 1922 according to Act of Congress, by WILLIAM B.DANA COMPANY,in office of Librarian of Congress, Washington, D.0• VOL. 115. NEW YORK, SEPTEMBER 16, 1922. NO. 2986. HIS entire publication is devoted to a presentation of the reports of earnings and expenses of United States railroads for the latest month (July) 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 Sworn Returns. The figures are a transcript of the sworn returns on file at Washington. They have the further advantage of uniformity of method and classification. Every company is obliged to make up its returns on the same basis and in the same way as every other company. The "Chronicle" has always made a specialty of weekly and monthly Earnings reports of railroad earnings, and for nearly fifty years its weekly Our Specialty, and monthly summaries have been everywhere accepted as authoritative. The present publication is in continuation of this work. These Inter-State Commerce returns also make it possible for us Full Details. to present full details of both the revenues and expenses. Besides showing total gross earnings, we indicate separately the passenger and the freight revenues. In the case of the expenditures we report the outlays for both maintenance of way and maintenance of equipment as well as the traffic and transportation expenses. We also show the railway tax accruals 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 of certain rents, namely equipment rents and joint facility rent. We conclude by giving the miles operated on which the earnings are based. The cents we have necessarily been obliged to discard altogether, and Cents Discarded. if in any case the results should happen to vary a dollar, one way or the other,from exact proof, the reason for the variance will be found in that circumstance. make this publication absolutely complete, we add statements Company Returns To at the end to show also the figures issued by the companies themAlso Given selves, where they are made up on a basis different from that of the Commerce Commission returns, or where they give additional items of information, or where, as sometimes happens, figures are issued by the companies in consolidated form, so as to show results for the system as a whole, instead of each constituent road separately. The matter contained in this extra and novel publication is entirely Other Returns additional to the comprehensive reports of earnings we furnish in Continued 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. ' As in the case of our numerous other Supplements or "Sections," Only for all of which are expensive publications, the "Railway Earnings Subscribers. Section" will be furnished only to "Chronicle" subscribers. These will receive it free of charge, one copy going with each subscription. It will be impossible to obtain copies in any other way, as none will be printed for general sale. WILLIAM B. DANA COMPANY, PUBLISHERS NEW YORK 90 PINE STREET 136-138-140 FRONT STREET Reprint of Article in AIEN AND Philadelp hia Ledger Publicby RUS1NESS By. RICH4RD iA SPILL4A7:E . pEllfAIMABLE of-the work banking house has been done by . Ile of has Phi/ip b. analyzed the _Brooke, Stokes & Fisher, one of ,:incotne and the Co., of traffic, the the ratio of costs costs •of partners Business Editor railed" Philadelphia. to States.and brought income on fifty operation, na'act47 the all the or more of maintenance, value back of every details of the * the -0, bond of these.down to the a a simplest'railroadof the * a * railroads. a a a forin,,showing a * a * a a . . * a * Vr.'Fishkr has been a * a a a * a2partictilar an interest in hisrailroad man, as'Ivas outline—as given by him.work. Here is. an his father before him; 44IN 19/2 so he had outline of what * -t which we -determined; if * he * did—merely bonds. • For would determine, aspossible, to far as Investigate the• dean of-the this puipose we possible, the railroads 'went out to college /relative vaiue,of to a point engineers, who had of chi/ theall ra i/road engineering, who University of znder the specialized close in recommended .1?ennsylrania, to the 'At first wesupervision of a railroad work. sierecentry We used -various member of graduated started this • force at work sources of our firm. *• a I * We had infornAtion; a railroad 4: been annual • * ''r rrrrr mation were working for sonic reports and other sources 1-: time we r based on of unsatisfactory, found information. After latter wasdifferent methods ofeither because of that all of 4,1 rect enough.the trouble with accounting in inaccurticiestkesesOurces or because Of inforthe force were they Were of little with various •• methods of value railmads' annua/ for railroads. This reports, which, [24 "We accounting. although cap source threvv away all compa'rative•purposes, owing corof the of to the diverse commerce infoftnation, the work We had r,1114 done and sworn many months commission. We , reports In determine'd to use copying these therefore sent' a of the railronds on/y to-'the reports by man to., hadaddition, in turn waxabtained interstate figures from hand, as they Washington, who obtained them' same way IL H. areknot that we all.from ' Copeland Sz'Son,published' in speni did. the "Using detail. of Nenr interstate which at theanterstate commerce York./-itb times commence coramission in the reached eight t•orked steadily for commission's reports men and tistital -at' other as a analysis of fonr years._ During In certain basis, fifty,one leading this timetimes fell as low as. our force, '‘) into the we :particulars, notably four men, completed railroads, subject a S the than any detailed stastady-and question of•covering a period—of one we know ten -years. classification of all of had 'In 1916 maintenance, of their this before: In we_went firm work.ivas bonds, addition, we further covering Into supervising the work interrupted, some due to the coranned -and government fact thatth_ousapdtof issues. service. Last twelve other completed It. fall we niembers of the the member of the • "As ive keep re-cornmenceel this the ear organixation went' thought that we quotations and Work, and have hat vvill not railroad bonds, yields of all only of be but'we will these bonds railroads we have also be ableale to tip to date, Y, to pick recommend the it is investigated the out from ones which marketability,.yield all thepurchase of good "The and are the heads of some issues of all 7114•16 " shown moat of the other desirable the attractive, considerable largest factors. imporiant interest, and .,(14 considerlag financial in some into one ofofficers and institutions prolonged instances have in Philadelphia have hours. .Two - what:we intended perrnisn toseveral send the ine the New York to be an askembled.,their most heads of their work in institution,s haveinterview of minutes detail." statistical de nritten asking partments to our for ONE except * office to exam 411 a *. appreciate fully person who has the rciagni through so well. tudo of the hadexPerience in d job that analyzing oubtful if he Mr. Irisher properties cant If there is appreciates undertook and put 6,3t known ita anything so worth. i to one complete ticularly of_ the and so individual who has a fairdetailed statistical data elsewhere•in relating to knowledge of America, it is railroad securities.railroads,,and 'par, RicharditsSpillane a Iry ........ jiM N'46" un II If, 10 MO BROOKE,STOKES & CO. Members Philadelphia Stock Exchange 140 South Fifteenth Street Philadelphia 734 Fifteenth St. N. W. Washington m 102 St. Paul St. Baltimore --- Alb ..,9 SEPT., 1922.] RAILWAY EARNINGS 3 GENERAL INDEX TO ROADS APPEARING IN THIS SECTION. Name— Page Name— Page Name— Page Akron Canton & Youngstown 4 El Paso & Southwestern_ 7 New York Chicago & St. Louis 1U Alabama & Vicksburg 4 Elgin Joliet & Eastern 7 New York Connecting 10 Alabama Great Southern. See Southern..12 Erie New York New Haven & Hartford.........10 Ann Arbor 4 Florida East Coast 7 New York Ontario & Western 10 Arizona Eastern. See Southern Pacific_12 Fonda Johnstown & Gloversvil le 14 New York Phila. & Norfolk. See Penn_ _11 Atchison Topeka & Santa Fe 4 Fort Smith & Western 7 New York Susquehanna & Western_ __AO Atlanta & West Point 4 Fort Worth & Den City. See Col.& Sou. 6 Norfolk & Western 10 Atlanta Birmingham & Atlantic 4 Ft. Worth & Rio Gr. See St. L.-S.F Al Norfolk Southern 10 Atlantic & St. Law. See Grd. Trk. Sys. 7 Galv. Harrisb. & San Ant. See Sou. Pac.12 Northern Alabama. See Southern 12 Atlantic City 4 Galveston Wharf 7 Northern Pacific) 10 Atlantic Coast Line 4 Georgia 7 Northwestern Pacific 10 Atlantic Steamship Lines. See So. Pac.12 Georgia & Florida 7 Oregon Short Line. See Union Pacific_ _13 Baltimore & Ohio 4 Georgia Southern & Fla. See Southern_ _12 Oregon -Wash. RR.& Nay. See Un.Pao_13 Baltimore & Ohio Chicago Terminal_ _ _ _ 4 Grand Rapids & Indiana. See Penn_ _ AO Panhandle & Santa Fe. See Atchison 4 Baltimore Ches. & Atlantic. See Penn_10 Grand Trunk System 7 Pennsylvania Railroad and Co...10 and 14 Bangor & Aroostook 4 Grand Trunk Western 7 Peoria & Pekin Union 11 Beau.Sour L.& W. See N.Orl.Tex.& Mex 9 Great Northern Pere Marquette 11 Bellefonte Central 14 Green Bay & Western 7 Perkiomen 11 Belt Railway of Chicago 4 Gulf & Ship Island 7 Philadelphia & Reading Ry 11 Bessemer & Lake Erie 4 Gulf Colo. & Santa Fe. See Atchison 4 Pittsb. & L E See N. Y Central 10 Bingham & Garfield 5 Gulf Mobile & Northern 7 Pitts. Cin. Chic. & St. Louis. See Penn_11 Boston & Maine 5 Hocking Valley Pittsburgh Shawmut & Northern 11 Brooklyn Eastern District Term 5 Houston & Texas Cent. See Sou Pac_ _12 Pittsburgh & Shawmut 11 Buffalo & Susquehanna 5 Houston East & West Tex. See So. Pac_12 Pittsburgh & West Virginia 11 Buffalo Rochester & Pittsburgh 5 Illinois Central 7 and 14 Port Reading 11 Canadian Pacific 14 Indiana Harbor Belt. See N.Y. CentraL 9 Quincy Omaha & Kansas City 11 Carolina Clinchfield & Ohio 5 International & Great Northern 8 Richmond Fredericksburg & Potomac _11 Central New England 5 International Ry. Co. of Me 8 Rutland 11 Central of Georgia 5 Kanawha & Mich. See N. Y. Cent_ _ _ _10 St. Joseph & Grand Isl. See Union Pac_13 Central RR. of New Jersey 5 Kansas City Mexico & Orient RR 8 St. Louis-San Francisco 11 and 14 Central Vermont 5 Kan. City Mex & Orient Ry. Co. of Tex_ 8 St. L. Brownsv.& Mex.See N.O.T.&M- 9 Charleston & West Carolina 5 Kansas City Southern 8 and 14 St. Louis Merchants Bridge & Terminal. Chesapeake & Ohio Lines 5 Kansas City Terminal 8 See Terminal Association of St. Louis_13 Chicago & Alton 5 Kansas Oklahoma & Gulf 8 St. Louis San Francisco & Texas. See Chicago & Eastern Illinois 5 Lake Erie & West. SeeN.Y.Chic.& St.L. 10 St. Louis-San Francisco 11 Chicago & Erie. See Erie 7 Lake Superior & Ishpeming 8 St. Louis Southwestern 11 and 14 Chicago & North Western 5 Lake Terminal 8 St.Louis S.W.Ry.of Tex.See St.L.&S.W.11 Chicago Burlington & Quincy 5 Lehigh & Hudson River 8 St. Louis Transfer 11 Chicago Det. & Can. Grand Trk. Jct. Lehigh & New England 8 San Antonio & Aransas Pass 12 See Grand Trunk System Lehigh Valley 8 San Antonio Uvalde & Gulf 12 Chicago Great Western 5 Long Island. See Pennsylvania 10 Seaboard Air Line 12 Chicago Indianapolis & Louisville 5 Los Angeles & Salt Lake 8 Southern Railway 12 Chicago Junction 5 Louisiana & Arkansas 8 Southern Pacific 12 and 14 Chicago Milwaukee & St. Paul 5 Louisiana Railway & Navigation Co_ ___ 8 South. Ry. in Miss. See Col. & Greenv_12 Chicago Peoria & St. Louis RR 5 Louisiana Western. See Southern Pax 12 Spokane International 12 Chicago River & Indiana 6 Louisville & Nashville 8 Spokane Portland & Seattle 12 Chicago Rock Island & Gulf 6 Louisville Henderson & St. Louis 8 Staten Island Rapid Transit 12 Chicago Rock Island & Pacific 6 Maine Central 8 Tennessee Central 13 Minn. Chicago St. Paul & Omaha 6 Maryland Delaw. & Virginia. See Penn_10 Terminal Railroad Assn. of St. Louis 13 Chic. Terre Ha.& South. See C.M.&St.P. 5 Michigan Cent. See N. Y. Central_.. _ _10 Texarkana & Ft. Smith. See Kan. C.So_ 8 Cincinnati Indianapolis & Western 6 Midland Valley 8 Texas & New Orleans. See So. Pao_ _ _ _12 Cincinnati Lebanon & North. See Penn_10 Minneapolis & St. Louis 8 Texas & Pacific 13 Cino. New Oro. & Texas Pao. See South_12 Minneapolis St. Paul & S. S. M 9 Tol. & Ohio Cent. See N. Y. Central_ _10 Cincinnati Northern. See N. Y. Central_ 9 Mississippi Central 9 Tol. Peoria & West. See Penn 11 Clevel. Cine. Chic.& St. L. See N. Y. C. 9 Missouri & North Arkansas 9 Toledo St. Louis & Western 13 Baltimore & Ohio_ See 4 _ Coke. _ Missouri Kansas & Texas Coal & 9 and 14 Trinity & Brazos Valley. See Colorado 6 Missouri Kansas & Tex. Ry. of Texas 9 Colorado & Southern & Southern Columbus & Greenville. See Mob.& 0.. 9 Missouri Pacific 9 Ulster & Delaware 13 Martinsbu rg__ _ _ 6 Mobile & Ohio Cumberland Valley & 9 Union RR.(of Pennsylvania) 13 Delaware & Hudson 6 Monongahela. See Pennsylvania 10 Union Pacific 13 and 14 Delaware Lackawanna & Western 6 Monongahela Connecting 9 Utah 13 Denver & Rio Grande 6 Montour 9 Vicksburg Shreveport & Pacific 13 6 Morgan's Louis. & Texas RR.& SS. Co. Denver & Salt Lake Virginian 13 Detroit & Mackinac 6 See Southern Pacific 12 Wabash 13 Detroit & Toledo Shore Line 6 Nashville Chattanooga & St. Louis_ _ 9 West Jersey & Seashore. See Penn_ _ _ _11 Dot. Gr. Hay. & Mil. See Gr. Tr. Sys 7 Nevada Northern 9 Western Maryland 13 Detroit Toledo & Ironton 6 Newburgh & South Shore 9 Western Pacific 18 Duluth & Iron Range 6 New Jersey & New York. See Erie.. _ _ 7 Western Railway of Alabama 18 Duluth Missabe & Northern 6 New Orleans & North East. See South_12 Wheeling & Lake Erie 13 Duluth South Shore & Atlantic 6 New Orleans Great Northern 9 Wichita Falls & Northwestern 13 Duluth Winnipeg & Pacific 6 New Orleans Texas & Mexico 9 Wichita Valley. See Col. & Sou East St. Louis Connecting 7 New York Central 9 Yazoo & Mississippi Valley 13 [VOL. 115. RAILWAY EARNINGS 4 REVENUE RETURNS OF UNITED STATES RAILROADS FOR JULY AND FOR THE SEVEN MONTHS ENDING WITH JULY. as compared with In the following we furnish detailed figures of earnings and expenses for July 1922, of every steam railroad in the July 1921, and also for the seven months ending with July in the two years, s with the Inter-State ComUnited States which is obliged to file monthly returns of earnings and expense merce Commission at Washington. now requires monthly reports It should be understood, however, that the Inter-State Commerce Commission annum. Prior to the taking over only from roads whose gross railway operating revenues exceed $1,000,000 per the March 1918 reports, monthly of the roads by the Government, or, to be strictly accurate, prior to the call for of $100,000 per annum. returns were required from all carriers having railway operating revenues in excess where these differ in any In the closing page of this publication-page 14-we also give the Company returns ed in the latter. way from the Commerce Commission returns or embrace more facts than are contain Ann Arbor Baltimore &Ohio Atlanta & West Point B & 0 Chicago Terminal Akron Canton & Youngstown -Month of 1922. EARNINGS. $ 174,819 Freight revenue 1,222 Passenger revenue 183,942 Tot.,incl. other rev. 26,317 Expenses-Maint.way 20,258 &faint. of equipml_ 6,241 Traffic expenses53,983 Transportation exp.. 114,890 Tot.erp.,incl.oth. 69,052 Net from raiLroad _ 11,000 Taxes Uncollectible revenue._ 58,052 Net after taxes. Ike_ 25,545 Net after rents 170 Avvr, miles of r'd oper. to July 31- -Month of July1922. 1921. 1921.. $ $ 333.241 749,123 1447,782 1,193,149 51.412 13,248 9,444 1,806 410,579 814,887 158,695 1,255,556 59,093 132,871 134,117 17,202 79,435 105,170 131,482 11,647 10,564 33,020 40,295 4,490 193,694 285,819 338,250 40,893 361,581 607,555 704,373 81,492 48.998 207,332 551,183 77,203 22,440 63,000 69,000 9,000 105 87 26,453 144,332 482,096 68,203 10,873 49,758 296,112 50,887 293 170 170 170 Alabama & Vicksburg -Month of 1922. EARNINGS. $ 108.047 revenue Freight 67.630 Passenger .-evenue_ _ 193,048 Tot.,In, 45,431 Exjaenses--idamt.way 21.834 Maint, of equipm't_ 8,725 Traffic expenses _ 93,609 Transportation exV183,577 Tot.exp.,incl.oth. 9,471 Net from railroad__ _ _ 16,380 Spies 38 ble revenue_ Uticollecti ---6,947 Net after taxes, &a_ 2,021 Net after rents 141 Aver. miles ofr'd oper. EARNINGS. July- -Jan. 1 to 1922. 1921. $ $ 179,938 1.248,975 396,684 62.146 258,860 1,768,138 322,455 47,358 334,225 52,011 62.426 7,462 662,320 101,657 1.477,501 220,979 290,637 37.881 140,655 18,391 425 353 149,557 19,137 177,916 24.872 141 141 July 31- -Month of 1922. 1921. $ $ 103,561 1,313,788 77.946 419.259 207,431 1.857,083 32,397 383,608 42,170 412,549 8,798 56,652 75,852 900,087 172.219 1,853,186 35,212 3,897 12,352 131.854 433 22,860 -128,390 17.42/ -92,750 93 141 Includes Coal & Coke July- -Jan. 1 to July 31Month of July- -Jan. 1 to July 311921. 1922. 1921. 1921. 1922. 1921. 1922. 333,082 2,406,015 2,220.493 10,350,382 12,862,660 89,676,196 88,407,366 17,311,243 15,220,346 2.575,211 361,513 2.310,138 299,588 60,892 4 412,522 2,823.654 2,716,969 13,944.023 16,537,773 112623,182 112768,72 360.694 1,900,361 2,333,000 13,604,630 12,431,892 346,387 58,534 643.825 2,295,630 3,831,507 24,673,525 25,459,385 488,220 90,792 255,945 2,082,748 1,878,728 297,558 58,243 66,969 7,271 2 172,187 1,257.406 1.291,083 '6,483.637 6,532.449 44,544,502 52,508,93 89,244,692 97,037,238 13,604,457 341,396 2,262,818 2.455,275 11,545,768 261,694 2,398,255 2,933,316 23,378.490 15,731,486 560,836 71,126 597,726 4,970.539 4,073,589 721,255 137,000 148,440 20,400 24,711 47,029 7.345 13,354 94 230 1 124,600 1.663,646 1.328.245 182160,922 11,633,186 412,166 50,725 9,657,246 56,076 1.225,067 2,026,782 15,805,362 266,255 43,245 5.184 5,235 5,184 293 5,235 293 293 July- -Jan. 1 to July 31- -Month of 1922. 1921. 1922. 1921. $ $ $ 705,456 679.307 94,922 572,168 487,096 87.362 246.065 200.467 1,354.663 1,455,240 189,881 27.929 173,482 24,177 336,583 17,190 291,061 41,789 56.964 1,860 54,603 8,295 603,677 138,492 528,467 78,125 202,300 168.033 1.146,012 1.297.616 157,624 43,765 208,651 32.434 100,788 51,398 73,095 7.688 547 56,836 -7,633 135.009 24,746 39,173 108.057 85.956 18,146 93 91 93 93 July- -Jan. 1 to July 311921. 1922. 1921. 188,609 1,723,489 1,397.266 229,552 249,072 39,497 267,133 204,894 20,291 10,188 13,322 1,435 946,902 952,650 115.237 1,581,760 193.190 1,522.211 201,278 '--184,49; -4,581 254,115 333,697 38,356 5,495 307 -42,937 -132.726 -444,104 231,981 675,588 70,433 90 91 90 Bangor & Aroostook Atlanta Birmingham & Atlantic Atchison Top & Santa Fe System Month of July- -Jan. 1 to July 31-Month of July- -Jan. 1 to July 31-Atchison 'Topeka & Santa Fe 1921. 1922. 1921. 1922. 1921. 1922. 1921. 1922. 31July to 1 -Jan. -Month of Julys s S s S $ $ $ 1921. 1922. 1921. 1922. 288,618 4,219,804 3,441.197 318.116 218.660 1,740,166 1,361.212 242,583 10,514,515 10,225,084 65,993,495 69,579.673 556,191 516,529 259,842 65.266 245,280 41,757 67,290 53.508 4.105,254 4.151,448 24,796,982 27,859,518 371,188 4,894,961 4,147.348 279.342 2,165.907 1,769.236 406,574 323,061 15,767.202 15,482,787 99,169,520 104682,915 813,468 849,097 85,978 409,584 547.297 70.336 140,960 58,581 582.438 17,726,443 11,285.506 2,851,622 854,707 1,122,894 612,733 90,755 145,506 697.756 90,183 80,962 2,532,753 2,215,940 23,268,684 22,413,765 31.871 27.632 4,142 148,641 146,938 2,937 19,582 21.546 255,692 1.826,012 1,841,148 253,232 1,504.621 1.324,579 151.322 190,743 1.110,516 1.285,668 130.713 161,574 4,638,927 5,347,814 31.940.208 40,186,097 3,655,241 3.199,801 2,394,451 408,855 386,660 2,784,929 384.089 340,046 10,562,083 8.698,400 77,002.077 78.088,192 492,107 -228,544-1,014.693 22,48-8 -37,66/ 1,695,160 5,205.119 6,784,387 22,167,453 26,594,723 -16,986 --107,318 248,728 363,048 97,630 32,736 128.380 18,115 28,402 13,882 926,956 7,169,711 6,003,103 990,525 612 1,826 5,524 35 543 4,518 128 39 20,492 28,048 1,089 . 1,390 242,767 -5,956 -70,946 1,330,286 4.213,204 5,856,342 14,969,694 20,571,128 --30,995 -125.468 -331.698-1,148,591 302,420 --418,326--1,164,282 18,569 -53,084 1,3717694 4.370,320 6,010,029 15,893,110 21,051,305 -43,480'-143,464 659 825 639 639 639 659 625 639 8,828 8.856 8,828 8,855 Atlantic City Belt Railway of Chicago 31Gulf Colorado a; &oats Pe of July- -Jan. 1 to July 31--Month of July- -Jan. 1 to July ---'lona of July-- -Jan. 1 to July 31- -Month 1921. 1922. 1922. 1921. 1921. 1921. 1922. 1922. 1921. 1922. 1921. 1922. EARNINGS. $ $ S $ $ 127,677 850.109 765,005 132,949 1,411,824 2,202,393 8,824,463 13,358,217 Freight revenue 610,102 1.662,857 1,801,778 555,023 437.962 2.241.038 2,770.529 401,920 Passenger revenue.. 753,214 2,578.434 2,618,447 432,371 3,336,640 2,935.811 445,914 703,465 11.937,548 16,749.990 352,008 316,270 Tot.,incl. other rev. 1,943.272 2,738,796 62,626 58,094 418.348 417,830 38,749 66,438 2,511,577 2,699.796 126,126 382,620 303,828 340.664 Expenses-MaInt.way 52,335 64,221 224,242 377,774 25,021 49,105 449,624 2,996,429 3,640,104 7,807 302,277 14,758 MaInt. of equipml_ 1,043 47,229 4,616 22,518 2,549 16,869 290,070 293,753 42,671 41,671 1,463.199 1,531.557 Traffic expenses_ _ 187,820 278,874 201.172 1,444,730 1,490,806 313,643 5.932,434 4,070,737 799.130 581.477 2,350,082 Transportation exp.. 2,203,867 303,368 406,999 2,167,453 2,324,087 277.001 450.303 10,527,510 12,866,934 585,729 Tot.exp.,incl.oth. 1,291,126 1,476,589 129,003 1,132,773 346,215 294.360 410,981 168,911 253,162 183,692 652,146 1,262,209 1,410,038 3,883,056 245,661 30,262 Net from railroad_ 19,535 137,279 134,167 33,378 19,248 522,107 473,959 74,236 83,371 Taxes 91 3,549 410 9.097 6,681 442 187 402,037 1Theollectible revenue_ 887,112 98,741 326,680 160,102 135,535 233,504 929,393 3,351,852 , 270,153 568,588 1,187,531 Net after taxes. &c_ 962,139 *--W/68 134,059 266,262 133,155 33,999 -56,953 166,482 482,069--2,894,234 31 508,201 1,112,32/ 32 31 Netafter rents 177 32 177 176 1,907 176 1,907 1,907 1,907 Aver. miles of r'd oper. Bessemer & Lake Erie Atlantic Coast Line Panhandle & Banta Pe 1 to July 3131- -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1921. -Month of July- -Jan. 1 to July 1922. 1921. 1922. 1921. 1921. 1921. 1922. 1922. 1922. 1921. 1922. S EARNINGS. S $ $ $ $ $ $ $ $ 1,424,210 5,733,319 6,978,124 1,364,389 27,301,367 2,984,093 28,661,535 2.956,044 3,764,837 3,056,940 639.360 286,383 456,342 212,473 40,450 35,890 Freight revenue 940.915 1,125,462 1,098,975 9,583,281 10,858,550 780,657 161,374 136,647 Passenger revenue.. 1.488.369 6,091.746 7,416.537 835.921 4,113,128 4,969.488 4,494,338 4,438.129 41.589.918 41,170.164 1,427,097 1,183,300 642,122 90,503 777,349 140,720 Tot.,incl. other rev. 708,922 4,793,537 5,733,498 555,033 695,797 164,593 Cr43,789 1,093,166 1,437,730 430,060 2,141.930 2,927,375 375,195 Expenses-Maint.way 874,127 1,135.840 7,925,444 8,836,301 112.839 185,493 1,283,773 107,419 13,035 139,670 13,475 Maint of equIpm't_ 682,893 93,165 753,287 47,793 110,778 48,371 7,488 7,079 385.088 2.038.533 2,587.207 _ 425,664 _ expenses_ Traffic 261,896 1.398,134 1,849,402 1,901,153 2,186,990 14,989.103 18,918,221 206,998 7,058,512 Transportation exp.. 5,280,289 951,976 987,191 35,420,713 429,006 3,947,448 4,045,056 3,748,654 4,272,621 29,666,171 535,456 358,025 Tot.exp.,incl.oth. 811,457 536,393 439,906 165,508 11,923,747 5,749,451 745,684 924,429 165,680 212,592 406,915 32,125 228,900 106,666 32,700 Net from railroad___. 275,000 1,875,000 1,875,000 275,000 138,195 159,699 147 21,624 7 22,813 Cr324 Cr564 4,743 Taxes 504 15,164 424 1,935 670 Cr22 122 145,286 Uncellectible revenue_ 582,881 504.261 407.770 3 3.869,708 10,033,58 --109,996 468.749 785,810 5,317 385,313 83,731 412,233 Net after taxes, &c_ 775,561 494,789 409,943 538,405 -51,981 9.383,759 3,118,377 548,673 225 4 353,556 -210,667 225 55,498 225 225 Net after rents 4,887 4,922 4,887 4,922 857 857 857 857 Aver. miles of r'd over. Freight revenue Passenger revenue_ Tot., incl. other rev. Expenses--Maint.way Maint of equipml_ Traffic expenses.. Transportation exp.. Tot.exp.,incl.oth. Net from railroad_ _ Taxes Uncollectible revenue_ Net after taxes, &c.. Net after rents Aver. miles of r'd oper. s s s s s SEPT., 1922.] RAILWAY EARNINGS Central New England 1 July 31- -Month of July- -Jan. 1 to July 311921. 1921. 1922. 1922. 1921. i $ $ s ' $ 642,628 3,589,261 4,436,981 3647,018 105,430 134,887 175,965 18,856 24,049 3,606 408,261 693,315 3,919,511 4,802,982 116,649 784,049 731,759 132,374 121,464 127,575 712,062 41,917 92,041 564,556 33,398 3,514 27,367 29,530 4,063 10,800 212,760 1,384,409 1.876,619 173,890 61,926 443,995 2,840,820 3,453,367 361,690 264,131 249,320 1,078,691 1,349,615 46,571 -147,482 156,538 22,251 21,383 158,121 37,259 833 73 310 158 17 920,412 1,192,244 24,241 227,627 --184,758 590,912 682,346 149,377 --147,519 -23,072 301 301 301 301 35 Bingham & Garfield -Month of July- -Jan. 1 to 1921. 1922. 1922. EARNINGS. s s $ 20,079 9,738 101,537 Freight revenue 110 7 1 Passenger revenue 10,154 102,845 20,465 Tot.,incl. other rev. 15,117 21,098 116,427 Ex-penses-Maint.way 24,426 3,744 3,320 Maint. of equipm't_ 9,407 1,449 1,285 Traffic expenses.. 6,286 33,484 4,966 Transportationexp_ 213,443 35,811 29,128 Tot.exp.,incl.oth. Net from railroad- -8,66'M -110,598 35,276 6,597 4,209 Taxes Uncollectible revenue.. ---32,254 --145,874 &e_ --12,872 taxes, Net after 2,00 -32,142' -75,069 Net after rents 34 34 35 Aver. miles of r'd oper. Boston & Maine i Central Railroad of New Jersey -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 311922. 1921. 1922. 1921. 1922. 1921. I 1922. 1921. s $ $ $ $ S $ I 3,544,985 3,62%,470 27,136,104 26,708,084 2,298,785 3,238,123 19,787,958 22,739,949 Freight revenue 2,219,095 2,262,515 12,517,832 13,266,625 1,110,121 1,135,100 5,270,703 5,469,226 Passenger revenue Tot.,incl. other rev. 6,519,313 6,541,142 44,368,076 43,690,952 3,686,157 4,630,517 26,886,137 29,780,353 584,822 3,057,058 3.415,303 518,928 Expenses-Maint way 983,942 1,043,511 6,797,069 7,840,072 874,315 850,011 7,460,479 6,114,817 966.899 1,200,201 8,187,470 9,328,728 Maint. of equipm't_ 241,731 34,369 237,033 34.907 430,188 67,883 383,239 48,265 Traffic expenses Transportation exp_ 2,779,497 3,428,622 20,338,600 25,121,273 1,737.978 1,713,373 11,424,547 13,062,592 Tot.exp.,Inc.I.oth. 5,005,946 6,005,997 37,408,745 44,722,456 3,292,288 3,313,335 23,030,123 23.758,360 393,869 1,317,182 3,856,014 6,021,993 531T.4 6,959,331 -1,031,504 01,51373 Net from rallroad 268.137 166,245 1,827,892 1,696,120 259,231 1,372,561 1,790,199 211,341 Taxes 312 320 1,471 260 958 2,320 7 275 Uncollectible revenue.. 125,412 1,150,677 2,026,651 4,325,561 275,907 5,584,450 -2.822,661 Net after taxes, &c_ 1,301,751 4,171,917 1,098,407 L759,811 78,089 1,044,869 -6,465 3,811,960 -4,491,850 Net after rents 685 688 688 685 2,300 2,287 2,300 2,287 Aver. miles of r'd oper. EARNINGS. Brooklyn Eastern District Term. Chicago & 2(cmrtli Western -Month of July- -Jan. 1 to July 311922. 1921. 1922. 1921. 8,449,278 2,816,150 12,680,808 1,745,232 1,358,660 182,073 5,022,946 8,681,515 3,999,29A 730,000 1,453 3,267,840 3,296,284 8,402 7,624.676 3.239,725 12,215,106 1,774,318 2,004,931 176,580 5,142,599 9,489,822 2,725,284 695,000 414 2,029,870 1,955,965 8,402 54,512.834 51,761,764 17,074,068 20,099,375 80,341,437 79,821,464 10,522,558 12,189,321 15,896,565 19,906,606 1,072,964 1,149,691 35,240,864 39,877,410 65,388,984 76,269.729 14,952,453 3,551 5,110,000 5,290,000 18,185 9,889 9,824,268 -1,748,154 9,627,691 -1,611,090 8,402 8,402 Chicago Burlington & Quincy -Month 1.l.i2. of July- -J14 1 to July li 3111922. $ s 8,59 ,467 9,842,675 63,2 3,350 66,524,405 2,826,568 3,019,115 15,794,271 18,403.954 12,608,638 14,028,678 87,244,590 92,426,593 1,783,612 1,743,637 11,289,002 10,447,143 1,891,052 2,529,900 17,867,096 18,965,915 225,803 180,802 1,330,097 1.326,965 5,187,402 5,051,579 32,700,411 37,753.071 9,503,423 9,991,646 66.227,317 72,182,592 3,105,215 4,037,032 21,01 .2 20,244,001 912,623 789,589 6,424,968 5,578,807 2,672 721 16,312 36,666 2,189,920 3,246,722 14,575,993 14,628,528 1,969,740 3,159,25 13,628.812 13,831,646 9,393 9,393 9,393 9,392 Chicago Great Western Central Vermont 1 i: -Jan.2. to July 1 231-Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31- -Month of JAy1922. 1921. 1922. 1922. 1921. 1921. 1922. 1921. 1922. S S S s S $ $ $ $ $ $ 420,075 2,866,467 2,800,235 1,373,622 1,401,417 9,588,160 9,730,474 383,024 715,498 864,854 95,280 114,215 Freight revenue 382,102 426,120 2,442,039 2,893.294 673,503 769,952 103,057 109,843 Passenger revenue 560,874 582,544 3,952,223 3,907,210 1,915,134 1,971.692 13,238,278 13,631,578 760,894 99,827 919,325 121,905 Tot..Incl. other rev. 339,031 824,207 319,006 2,091,717 1,752,717 618,493 119,703 158,097 54,438 39,415 10,380 6,215 Expenses-Maint.waY 230,792 300,624 3,020,870 2,972.352 62,179 153,928 675.795 1,048,595 144,827 130,186 15,679 Maint. of equipm't_ 17,857 62,494 65.630 452,722 '87,058 12,628 11,416 86,081 468,378 1,468 1,294 Traffic expenses.. Pa 762,212 786,619 5,714,432 6.109,187 265,009 289,656 2,017,262 2,502,474 292,712 346,953 Transportation exp. 1 47,705 36,875 1,561,571 1,542,344 11,766,908 4,637,199 480,774 636,854 3,576,032 Tot.exp..Incl.oth. 541,895 11,846.828 552,123 67,937 77,006 353,56A' 429,348 1,471,370 1,784,750 80,100 -5-4-,-.3V) 376,191 -729,989 218,999 T2 31,890'T6 44,899 Net from railroad 150,164 78,711 53,144 122,990 567,151 17,570 21,452 47,226 490.905 45,263 6,692 6,454 Taxes 46 400 33 1,346 86 918 6 1,077 Uncollectible revenue_ 274,806 252,283 ,-880,553 376,171 902,873 1,292,768 62,524 -75,798 171,773 25,436 321,939 38,207 Net after taxes. &a_ 136,911i 244,596 -11,533 58,720 -974.175 37,710 -108.618 528,743 171,793 321,939 25,3Z4 38,207 Net after rents 1,496 1,496 532 533 1,496 532 533 1,496 9 9 9 Aver. miles of r'd oper. 9 EARNINGS. Buffalo & Susquehanna RR. Corp Charleston & Western Carolina Chicago Indianapolis & Louisville -Month of July- -Jan. 1 to July 31- -Month of 1922. 1921. 1922. 1921. 1922. s s s s 183,914 44,171 117,764 71.4,584 1,091,240 Freight revenue 41,285 48,970 4,762 5,487 41,290 Passenger revenue... 238,807 126,263 784,078 1,161,729 Tot..Incl. other rev. 52,331 39,056 273,389 217,405 36,151 32,735 Expenses-Maint.waY 39,660 640,887 256,645 64,518 Maint. of equipm't_ 21,521 6,278 21,631 2,754 Traffic expenses... 15,260 2,089 100,512 Transportation. xp_ 460,759 296,160 49,162 30,148 191,949 Tot.exp..incl.oth. 162,238 849,259 1,471,132 95,147 46,854 -42,816 -35,976 --65,181 -309,403 Net from railroad.. 11,000 23,100 22,750 Taxes 3,300 3,250 1 37 Uncollectible revenue_ 35,857 Net after taxes, &e.. -46,066 --39,275 -87,968 --332,503 29,028 17,069 --67,170 Net after rents -41,570' --16,320 342 253 253 Aver. miles of r'd oper. 253 253 EARNINGS. Buffalo Rochester & Pittsburgh EARNINGS. Freight revenue Passenger revenue.. Tot.,Incl. other rev. Expenses-Maint.way Maint. of equipm't_ Traffic expenses.... Transportation, xi). Tot.exp.,Incl.oth. Net from railroad.. Taxes Uncollectible revenue_ Net after taxes. &c_ Net after rents Aver. miles of r'd open -Month of July- -Jan. 1 to 1922. 1921. 1922. $ $ $ 872.918 6,497,893 657,711 932,582 154,857 147,148 881,194 1,095,166 7,824,152 205,096 1,139,142 226,908 368,521 345,361 2,887,311 14,003 24,113 128,581 421,186 3,144,428 429,419 1,088,968 1,027,561 7,580,472 67-:6a 243,680 -207,774 35,000 245,000 35,000 960 4,511 209 31,645 --5,831 -242,983 53,921 -10-0-c01 215,868 589 589 589 July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 311922. 1921. 1922. 1921. 1921. 1922. 1921. 204,573 1,604,494 1,550,599 257,837 44,903 300,271 259,528 1,963,283 1,949,850 59,085 312,656 428,337 58,042 263,480 508,747 6,027 46,404 45,817 121,391 791,534 1,001,270 252,130 1,459,297 2,033,616 7,39$ 503,986 -83,766 10,000 77,000 70,000 24 624 315 --2,626 426,362 -154.081 -7,658 364,278 --209,808 342 342 342 Chesapeake & Ohio Lines $ $ 839,231 898,679 240,067 286,168 1,210,744 1,287,482 134,455 167,622 205,188 321,778 34,966 30,786 482,277 484,141 904,024 1,053,580 306,720 233,902 65,945 65,958 76 15 240,699 167,929 13i' 375T 654 657 $ 6,376,712 1,770,416 8,968,660 953,867 1,925.673 229,804 3,355,455 6,802,293 2,166,367 445,066 613 1,720,688 1,004,950 654 $ 5,940,800 1.919.872 8,600,671 1,009,767 2,349,431 220,207 3,588.749 7,527,808 1,072,80 423,224 337 649,302 92,973 655 Chicago Junction July 31- -Month of July- -Jan. 1 to July 31- -Month of May----Jan.1 to May311921. 1922. 1922. 1921. 1921. 1922. 1922. 1921. 1921. $ $ $ $ $ 6,804,834 5,094,564 6,366,067 42,368,003 40,105,392 985.581 1,064.415 5.897,989 6,937,855 1,067,701 409,419 2,045,955 2,042,576 292,669 8,223,191 6,474,773 7,990,618 50,647,632 49,873.764 36,667 66,851 213,250 913,225 1,230,775 6,016,784 7,057,512 290,827 1,053,888 18,518 37,548 955,417 1,254,674 12,206,851 11,830,375 169,873 2,668,581 214,123 127 590 3.292 83,433 50,818 539,975 450,168 807 125,347 123,330 194,161 939,654 1,009,733 3,831,992 2,367,590 3,171,158 17,746,845 19,742,707 187,916 312,986 1,374,599 1.589,070 8,005,464 4,508.532 5,881,933 37,781,924 40,421,938 104,752 96,433 671,355 217,727 1,966,241 2,108,685 12,865,708 9,451,826 453,496 23,249 45,355 247,957 267,500 229,810 1,872.500 1,608,670 118,126 245,000 754 1,253 6.939 9.287 1,501 3,418 59,397 73,183 423.398 -28,774 1,697,987 1,877,622 10,986,269 7.833,869 331.951 136,122 --M' 387,024 1,690,589 1,534,566 11,335,246 6,575,88 12 2,547 2,548 12 12 2,547 2,544 12 589 =DION Carolina Clinchfield & ()Ili() Chicago & Alton Central of Georgia Chicago & Eastern Illinois Chicago Milwaukee & St Paul -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31- Ind. Chic. Terre Saute & Southeastern -Month of July- -Jan. 1 to July 311922. 1921. 1922. 1922. 1921. 1921. 1922. 1921. 1922. 1921. S S 1922. 1921. s s s s 565,465 580,947 4,139.635 3,824,837 1,093,882 1,856,832 11,1!8,779 12,14%,618 8,987,051 8,297,382 61.102,179 56,098,945 Freight revenue 550,557 615,912 3,531,588 3,986,691 2,232,604 2,551,885 13,638.098 15,949.205 45,641 52,230 309,017 Passenger revenue 265,690 624,292 644,954 4,487,547 4,226,675 1,861,110 2,630,677 15,993,782 17,097,760 12,694,329 12,197,540 83,851,104 79,967,120 Tot.,Incl. other rev. Expenses-Maint.way 326,609 455,368 1,941,686 2,420,141 1,919,243 1,704,762 11,155,614 10,236.167 607,864 73,389 71,198 520,220 482,300 711,690 4,360,500 4,856,687 1,241,753 2,555,054 20,663,240 19,921.950 72,348 135,328 Maint. of equipm't_ 972,105 1,071,543 189,857 182,604 1,303,675 1,239,956 48,877 57.480 361,270 157,522 386,581 21,433 21,020 163,475 Traffic expenses 834,723 985,723 6.274,831 7,354,615 5,443,701 5,111,908 35,870,843 39,562,766 Transportation exp.. 159,605 159,643 1,111,344 1,275,019 Tot.exp.,inci.oth. 345,504 406,815 2,897,065 3,265,005 1,761,392 2.270,059 13,445,329 15,499.888 9.162,348 10,008,265 71,707,222 74,286,258 99.714 360,618 2,548,453 1,597,872 3,531,981 2,189,276 12,143,882 5,680,86A 278,788 238,139 1,590,482 961,6 0 Net from railroad 831,834 75,097 575,950 765,411 5,624,058 5,164,871 86,252 525,165 30,000 210,000 40,000 280,000 Taxes 7,046 51 29,366 36,298 150 4,357 2,115 1,884 97.974 28 31 519 Uncollectible revenue.. 24,570 2,693,101 1,394,498 6,483,526 274,216 1,017,565 2,021,173 238,757 749,786 418,017 208,111 1,309.963 Net after taxes. &c_ 2,334,534 3,951,689 1,021,668 -60,489 103,714 58,889 1,208,687 1,093 ,59 1 321,044 245,964 1,794,0E4 1,827,464 Net after rents 11,030 10,995 1,050 11,030 1,050 1,050 1,050 295 295 295 10,670 295 Aver. miles of r'd oper. EARNINGS. Chicago Peoria & St Louis -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31- -Month of 1922. 1922. 1921. 1922. 1921. 1922. 1921. 1921. EARNINGS. 1922. S $ S $ S s S $ S 144,254 1,286,868 1,400,959 8,594,354 8,694,494 1,244,584 1,595,538 10,083,899 11,039,614 Freight revenue 16,719 403,905 463,349 2,605,829 2,977,654 505,216 2,871,355 3,340,680 476,977 Passenger revenue 173,047 Tot.,Incl. other rev. 1,935,648 2,051,273 12,683,645 13.183.955 1,788,702 2,187,604 13,691,856 15,038,422 26,324 246,386 193,348 1,613,007 1,601,446 304,361 1,694,886 2,185,478 272,661 Expenses-Maint way 11,294 361,856 636,720 3,498,910 5,479,082 419,857 2,418,119 2,872,662 342,545 Maint. of equIptn't_ 4,478 49,124 255,132 302,370 450,833 37,965 62,478 66,236 462,595 Traffic expenses...._ 93,890 823,722 844,904 5,700,335 6.749,517 846,263 4,937,877 6,151,464 757,867 Transportation exp_ 147,253 1,559,076 14.658,481 1.784,751 11,658,030 Tot.exp..inci.oth. 1,520,458 1,718,602 10,080,159 112,258.570 25,794 379,941 832,671 2,60,486 925,385 229,62d 402,85A 2,033,826 610,000 415.190 Net from railroad.. 9,527 100,000 610,000 560,285 100,000 61,696 626,845 98,577 Taxes 3 3,935 127 3,447 2,563 535 292 10,319 Uncollectible revenue.. 1.601 16,264 129,499 302.318 1,420,379 --233,994 362.53: 270,683 1,966.322 315,012 Net after taxes. &c_ • 358,334 101,790 275,136 1,221,267 --105,186 --17,195 ' ---13-37,3A7 261,126 2,085,224 Net after rents 246 945 1.130 1.130 945 1.913 1,917 1,913 1.920 Aver. miles of r'd oper. 7 -Jan.12. Jta 1 to July 311921. 141,542 1,091,490 897,975 25,635 132,494 174,644 178,855 1,306,232 1.135,474 19,438 210,034 199,195 38,003 262,718 381,148 3,707 30,897 32,131 91,899 758,415 734,715 163,483 1,337,228 1,430,701 15,373 -30,996 -295,227 10.646 66,586 67,600 41 46 4,727 --97,623 --362,873 -265,295 -388,860 247 246 247 6 [VOL. 115. RAILWAY EARNINGS Chicago River & Indiana Colorado & Southern (Concluded) Detroit & Mackinac -Month of July- -Jan. 1 to July 31Trinity & Brazos Valley -Month of July- -Jan. 1 to July 311921. 1921. 1922. 1921. 1922. 1922. -Month of July- -Jan. 1 to July 311922. 1921. 1922. $ $ 1922. 1921. $ $ 1921. Freight revenue 806,682 712,770 127,345 137,174 131,994 244,204 1,528,746 1,389,960 229,247 204,541 38,493 Passenger revenue..-39,048 20,028 144,384 127,299 20,450 Tot.,Incl. other rev. 184,010 996,113 1,100,805 180,802 1,354,566 562.303 158.098 271,330 1,738,156 1,568,613 179,539 182,602 29,033 Expenses--Maint.way 28,084 142,014 54,019 427,945 351,935 56,986 46,245 320,747 Maint. of equipnft_ 36,512 354,943 136,146 54,076 48,237 22,629 360,248 338,225 34,373 19,162 15,841 Traffic expenses.._ _ 2,856 1,910 2,066 22,560 3,021 2,488 1,177 20.636 489.851 403,406 66.538 58.800 519,081 102,905 203,162 636,126 48,646 677,628 Transportation exP994,048 1,055.958 141,053 141,889 817,529 Tot.exp.,Inc.I.oth. 134.876 322,629 206,743 1,528,440 1,459,627 2,065 44,847 38,913 42,957 Net from railroad.... 537,037 23,222 239,674 209,716 108.986 64,587 83,044 Taxes 71,941 11,048 103,438 8,509 49,000 7,000 7,200 44,571 49,040 50 416 274 Oncollectible revenue.. 9 144 30,130 31,909 -70,292 -38,247 433,599 Net after taxes, &c_ 16,213 195,103 160,572 57,387 59,946 --24,304 Net arter rents 613,633 --81,574 27,766 -1,104 26,323 268,154 148,577 -61,242 37,369 377 Aver. miles of r'd .per. 385 385 385 38 38 368 368 368 368 Wichita Valley Detroit & Toledo Shore Line Chicago Rock Island & Gulf lb31- -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31-Month of 11 - -Jan. i2 to July 1921. 1922. 1922. 1921. 1922. 1922. EARNINGS. 1921. 1922. 1921. S 1 $ $ S $ $ $ $ $ $ $ 217,591 552,159 2,432,475 3,276,487 Freight revenue 252,618 2,010,683 1,434,510 107,760 426,995 461,736 59,908 685,105 736,948 108.194 537.660 84,971 151,215 Passenger revenue_ _ 24.716 195,636 27,081 220 335 257.077 2,029,466 1,461,265 Tot..incl. other rev. 702,775 3,254,546 4,271.170 90,991 925,762 138,919 538,486 662,436 21,699 212,857 196,276 29,703 Expenses-Maint.way 631,982 99,874 14,919 189,734 472,593 85.918 142,735 19,477 24,861 250,661 31,886 87,903 149,786 53,332 Maint. of equipm't_ 68,253 6,094 524.521 13,772 37,846 565,848 3,084 18,859 2,251 15,575 481 95,150 324 93,434 45 Traffic expenses..-13,906 152 12,584 64,020 430,211 51,265 549,724 202,382 296.667 1,457,769 2.038,067 39,554 373,552 40.166 288,025 Transportation exp119,582 953,817 960,345 120,357 Tot.exp..incloth. 352,832 491,390 495.677 2,652,365 3,452,582 61,567 662.936 75,196 100,753 507.448 136.720 1,069,121 Net from railroad...-. 602,181 818,588 207,098 262,826 63,723 185,654 171,046 29,424 98,000 14,000 90,000 14,000 11,000 7,453 39,676 81,050 11,150 87,800 41,924 Taxes 5,664 60 371 23 97 1 Uncollectible revenue_ 265 185 163 1,959 86,753 122,720 971.061 417,448 174,481 Net after taxes. &c_ 195,727 21,970 520,946 57,896 728.829 129,025 222,885 39,236 86,346 539,507 174,304 Netafter rents 149,364 146,285 151,604 389,669 521.879 59,236 10.621 48,202 61 61 61 61 461 256 Aver,miles of r'd .per. 255 461 255 461 461 256 EARNINGS. Chicago Rock Island & Pacific Cumberland Valley &Martinsburg -Month of July- -Jan. 1 to July 31- -Month of 1921. 1922. 1922. 1922. 1921. $ $ $ s $ 45,023 6,907.637 8,231,167 46,109,851 51,720,607 Freight revenue 5,529 Passenger revenue...... 2.374,844 2.660.448 15,015,036 17,321.144 53.309 Tot.,incl.other rev. 10.030,565 11,583,048 66,084.247 73,896,404 11,899 Exipsnsee--Maint.way 1,215,235 1,599,973 8,40,996 9,906,757 13.692 906,514 2.444,543 13,568,465 16,712,255 Malta.of equipm31,237 175,270 1,256,050 1,222,556 193,966 Traffic expenses 30,356 Transportation exp. 4,262.329 4,463,287 28.110,825 32,175.209 Tot.exp..incl.oth. 6,851.712 8,972,438 53,296,304 62,152,593 60,295 --6,986 Net from railroad.._.... 3,178,853 2,610,610 12.787,94-g 11,743,811 5.577 470,186 3,729,336 3,131,509 544,614 Taxes 1 8.711 6.994 813 821 Uncollectible revenue.. Net after taxes. &c.. 2,633,418 2,139.611 9,049.896 8.605,308 -12,564 6,324,946 1,811,522 -16,985 7,208,077 2,236,951 Net after rents 7,661 33 7,661 7,661 7,661 Aver.miles of r'd ever. EARNINGS. Chicago St,Paul Minn & Omaha -Month of July- -Jan. 1 to July 311922. 1922. 1921. 1921. $ $ $ $ 1.635.918 1,458,727 10,733.499 10.222,411 Freight revenue 620.065 3.520,084 4.108.421 518,176 Passenger revenue...... Tot..incl.other rev. 2,323.272 2,260,540 15.379,723 15,307,511 309,409 1.954,030 1,918,607 327.733 Expenses--Maint.way 226,129 301,509 2,787,451 3,460,003 Maint. of equipm't_ 34,031 232,981 248,111 34.549 Traffic expenses...... Transportation exp. 1,003.964 1,007,669 7,165.915 8.212,009 14,491,226 Tot.exp..incl.oth. 1,672,582 1.732,993 12,711.942 650,690 816,285 527,547 2,667,781 Net from railroad 135,428 911,458 129,269 945,669 Taxes 710 10,760 843 10.540 Uncollectible revenue.. 520.711 391,276 1.745.783 -140,144 Net after taxes. Ac_ 477,383 392.693 1,507,759 -376,338 Net after rents 1,749 1,749 1,749 1,749 Aver. miles of r'd oper. EARNINGS. Delaware & Hudson Freight revenue Passenger revenue...... Tot.,incl. other rev. Expenses-Maint.way Maint. of equipmlTraffic expenses_ Transportation exp. Tot.exp.,incl.oth. Net from railroad Taxes Uncollectible revenue.. Net after taxes. &c_ Net after rents Aver. miles of r'd oper. -Month of 1922. $ 275.004 44,427 341.742 44.312 59,607 11,434 149,562 287,096 54,652 16,650 38.002 19,379 347 July- -Jan. 1 to 1921. 1922. 3 $ 236,109 1,912,392 338.782 59.466 308,072 2,385,326 65.437 300.314 85,404 517,015 10,441 79,630 131.092 1,063,070 314,071 2,116,176 -5,999 269.150 14,430 102,390 --20,429 --35.446 321 July 311921. $ 1,496,855 405,722 2,005,820 415,216 664,739 81,691 1,057,591 2,384,355 -378,535 106,326 19 166,760 -484.880 11,148 --535,711 347 321 Colorado & Southern System -Month of July- -Jan. 1 to July 311922. 1921. 1922. 1921. $ $ $ $ 3,405,978 5,391,360 28,480.184 36,960,032 1,371,770 1,425,574 7.805,954 8,284.925 5,549.408 7,494.704 41,432,216 49,774,689 785,747 918,395 4,719,635 5,696,312 1,100.325 1.485,136 8,730,608 11,798,085 116,969 101,552 785,960 752.376 2,494,488 2.608.655 17,947.540 21,123,559 4,716,393 5,334,033 33,661,940 41,000,022 833,015 2,160,671 7,770,276 8,774.667 380,782 2,935,465 2,662,850 376.495 514 813 4.404 10,740 ,4,830,407, 6,101,077 1,779.375 455,707 529,420 1,834,618 5,255,490 6,497,114 994 994 994 994 Denver & Rio Grande July---- -Jan. 1 to 1922. 1921. $ S 680,792 5,160,394 67,783 13,028 701,656 5,301,902 118.289 774,372 74,706 1,127,014 39,400 6,205 222,206 1,735,915 444,794 3.809,361 256,862 1,492,541 14,316 88,204 59 242,487 1,404,337 144.552 689,151 454 454 July 311921. $ 3,184,683 97,556 3,357,192 680,068 564,864 47,923 1,239,954 2,657,390 699,802 74,176 488 625,138 334,634 454 Duluth & Iron Range -Month of July- -Jan. 1 to July 31- -Month of 1922. 1922. 1921. 1922. 1921. S $ $ $ $ 1.612,428 3,357,721 17,052,850 23,029,095 1,235,534 17.462 375,166 406,895 1.987,878 2,190,205 2,220,962 3,965,073 21,087,392 26,376.330 1,339,057 143,993 401,964 3,290,205 2,915,437 406,484 81,717 470,207 954,135 5,382,499 6,938,633 1,442 42,178 47,781 304,474 281,090 255.104 1,073.016 1,298,503 8,702,005 10,924,858 497,872 2.175.646 2,890,945 19.072,347 22,345,721 841.185 45,316 1,074,128 2,015,045 4,030,609 88,118 607,331 85,690 79,413 629,673 73 589 1 8,764 5,163 752,994 -40,963 994,714 1,398,950 3,395,773 756,8 -57,086 1,088,531 1,407.064 3,767,572 281 887 880 880 887 Cincinnati Indianapolis & West Delaware Lackawanna & Western EARNINGS. Detroit Toledo & Ironton July- -Jan. 1 to July 31- -Month of 1922. 1921. 1922. 1921. $ $ $ $ 802,234 442,237 812.300 135,000 10,681 45,899 6,526 40,616 823,979 873.581 140,623 506,627 166,376 66,204 13,581 77,669 192,408 147,407 14,034 120,846 5,373 4,933 670 6,619 269,485 16,123 213,371 262,590 656,843 507,481 46,574 425,713 167,136 366,100 94,049 80,914 12,720 7,062 28,122 35,606 5 154,416 52,787 330,494 86,987 82,199 293,083 -16,367 20,604 454 33 33 33 July- -Jan. 1 to 1921. 1922. $ $ 699.133 3,129,560 110,454 18,986 781,085 3,515,606 80,901 615,240 633,977 65,898 851 8.250 167,458 1.045,438 331,584 2,420,049 449,501 1,095,557 47,186 249,618 24 353 402.291 845,586 404,959 860,821 276 281 July 311921. $ 2,466.893 174,763 2,909,344 677,949 762,997 9,002 1,221,535 2,822,266 87,078 186,005 126 -99.053 -102,665 276 Duluth Missabe & Northern -Month of July- -Jan. 1 to 1922. 1921. 1922. •S $ $ 2,521,388 1,846,751 5,848,205 49,938 37,134 269.670 2,736.716 2,068,604 6,581.450 212.017 156,509 1,098,522 108,648 913,071 125,786 2,644 3,954 22,397 324,319 1,628,477 423,824 632.377 3.812,490 769,227 1,967,489 1,436,227 2,768,960 203,544 228,050 803,552 17 1,763.945 1,208,177 1,965,391 1,762.813'1,203,315 1.948,591 306 307 306 July 311921. $ 5,600,589 378,796 6.565,721 1,372,400 1,307,741 20,955 1.806,725 4,687.375 1,878,34d 724,997 1 1,153,348 1.131.400 305 Duluth South Shore & Atlantic Colorado & Southern 2. to July 11231- -Month of July- -Jan. 1 to July 31-Month of JA--Jfs1 1921. 1921. 1922. -Month of July- -Jan. 1 to July 311922. $ $ $ $ $ 1922. 1921. $ $ 1922. 1921. $ 279,934 239,968 1.578,318 1,701,493 796,365 5,579,964 5,485,655 1,939,083 1,838,049 12,863,014 12.297,495 842.652 Freight revenue 104.109 109.425 583.747 693,842 3,129,109 667,164 250,713 3,435,910 718,548 1.108.688 234,694 1.358.152 revenue Passenger 435,227 384,380 2,400,008 2,636,448 Tot.,Incl. other rev. 1,177.750 1,120,499 7,237.716 7.317.254 2,902,572 2,738,017 17.358.783 16,978,783 56,040 495,095 424.946 83,228 799,955 2,505,559 3,101.189 957,039 1,002,112 226,489 444,026 175,714 Ex_penses-Maint.way 31,027 642.752 69,820 436.466 589,151 3,393,136 4,455,489 135,765 269,382 1,515.184 1,811,756 288,237 Maint. of equipml_ 6,980 49,475 46,594 6,703 316,927 280,429 37,267 11,669 91,861 40,052 14,195 _ expenses.._ 83,045 Traffic 185,747 171,901 1,289,222 1,516,988 683,215 5,772,481 6,095.124 881,704 391.329 367,418 2,662.231 2.702,848 Transportation exp.. 296,799 . 2,843,714 2,314,712 348,602 12,892,138 14,859,826 771.055 936,325 5,591,530 6,025,420 1,802,764 2,256,632 Tot.exp..incl.oth. 138,42g 35,778 85,296 -207,266 481,838 4,466,645 2,118,957 406.695 184,174 1,646,186 1,291,834 1,099,808 Net from railroad_ 33,000 219,000 27,000 210,688 150,346 1,100,175 1,034,346 66,182 463,279 75,796 167,000 530,571 Taxes 270 433 6,837 3,744 917 183 383 2,886 391 324 Uncollectible revenue_ 105.428 8,778 -133,974 ,-418.387 330,122 3,359,633 1,080,867 340,330 107,995 1,180,021 760,872 932,484 Net after taxes, dm_ 101,927 .. " 2,801 -156,845 -502,090 377,770 3,615,930 1,508,872 962,779 76,694 976,510 295,170 832,741 Net after rents 591 591 591 591 2,593 2.590 2,593 1,099 1,099 1,099 1,099 2,593 Aver. miles of r'd oper. Duluth Winnipeg & Pacific Fort Worth & Denver City Denver & Salt Lake -Month of July--Jan. 1 to July 31- -Month of July--Jan. 1 to July 31- -Month of July- -Jan. 1 to July 311921. 1922. 1922. 1922. 1921. 1921. 1921. 1921. 1922. 1922. 1922. 1921. EARNINGS. $ S S S $ 77,089 140,957 1,160,161 964.751 1,226,855 454.297 208,037 4,449,452 26,229 3,562,059 480,211 724,654 Freight revenue 23.305 20,116 135,161 97,007 222.048 201,909 55,352 252.454 1,246,203 1.514,075 12,438 244,301 Passenger revenue_ 105,369 1.138,982 1,496,356 166,318 599,581 1,439,218 277,950 43,758 769,152 1,018.467 5,131,295 6,256,721 Tot.,incl. other rev. 34,856 43,351 223,612 275,441 340,547 202,141 62,399 82,025 558,862 62,387 441,709 55,035 Expenses-Maint.way 52.917 29.510 335,351 173,451 290,207 485,266 58,340 179,307 904,340 1,214.543 20,673 79,895 Maint. of equipm't_ 3.129 5,605 40,224 6.620 6,923 31,249 1,313 11,836 82,705 81,861 901 12,444 Traffic expenses...... 82,528 62,964 752,629 233,268 659,093 516.382 278,187 1,689,836 2,156.169 95,888 20,611 261.369 Transportation exp_ 144.189 „1.078,803 1,427,497 186,847 731,124 1.540,970 224,108 594,830 3,399,347 4,317,184 110,431 447,738 Tot.exp..incl.oth. 68,859 60,779 53,842 --131,543 --101,752 -20,529 -38,826 423:60 1,731,948 1,939,537 --66,673 321,414 Net from railroad.. 7.805 76,796 5,101 63,000 56.000 62,023 286,069 26,368 8,000 195,166 9,000 49,144 Taxes 64 29 121 23 1 303 359 809 19 94 Uncollectible revenue.. --8,001 --28,334. --43,921 -194,572 --1,267 45,841 -157,873 1,445,520 1,743,562 396,966 --75,692 272,176 Net after taxes, Stc_ 44,213 --172,374 --143,769 --32,394 --46,246 --19,067 --19,096 376,206 1,438,440 1,773,651 --74,154 248,850 Net after rens 178 178 178 255 255 178 255 454 255 456 454 456 Aver. miles vied oper.I EARNINGS. SEPT., 1922.] East St Louis Connecting Fort Smith & Western -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to 1922. 1921. 1922. 1921. 1921. 1922. 1922. $ ' S $ $ $ 80,351 100,613 649,591 Freight revenue 25,428 26.063 151.894 Passenger revenue_ _ _ 160,552 123,363 1,171,718 135,343 113,744 931,850 865,951 Tot.,incl. other rev. 13,793 Expenses-Maint.way 17,618 91,964 142,649 27,346 26,701 175,443 7,841 12,724 51,311 50,110 26,088 Maint. of equipm't_ 20,670 167,117 279 333 2,219 2,503 4,738 4,393 33,468 Traffic expenses_ _ _ 55.900 54,490 397.445 435,958 45,403 53,111 318,028 Transportation exp_ 80,044 88,421 561,765 .oth. 674,057 118,482 .exp . ,incl 105,510 Tot 748,465 80.508 609,953 257,793 34,942 29,833 -4,738 ---117 -748-6 Net from railroad_ _ _ _ 8,054 2,855 80,571 20,552 5,800 5,000 40,600 Taxes 2 53 7 294 126 543 Uncollectible revenue_ 72,454 32,085 529,329 237,234 23,739 -9,864 76,343 Net after taxes, &c_ 22,808 155,091 63,992 470,695 16,770 -16T-09 17,653 Net after rents 1 3 1 3 253 249 249 Aver.miles ofr'd oper. EARNINGS. Elgin Joliet & Eastern EARNINGS. Freight revenue ,enue_ Passenger re, Tot.,incl. other rev. Expenses-Maint.way Maint. of equipm't_ Traffic expenses_ Transportation exp_ Tot.exp.,Incl.oth. Net from rallroad Taxes Uncollectible revenue_ Net after taxes, &c_ Net after rents Aver. miles of r'd open Freight revenue Passenger revenue Tot.. Incl. other rev. Expenses-Maint.way Maint of equipm't_ Traffic expenses Transportation exp_ Tot.exp.,Incl.oth. Net from railroad Taxes Uncollectible revenue_ Net after taxes, &c_ Net after rents Aver. miles of r'd oper. -Month of 1922. $ 982,879 168,449 1,210,875 141,006 136,046 28,283 275,115 677,720 533,158 95,988 2 437,165 389,280 1,139 July- -Jan. 1 to 1922. 1921. $ $ 706,050 4,867,778 215,245 1.141,492 976,986 6,420,271 120,258 1,076,742 179,613 1,014,160 25,567 195,940 279,165 1,702,906 655,188 4,380,032 21,79 2,60-7230 88,338 671,980 511 19 233,441 1,367,748 1,129,47N 184,5'74 1,027 1,139 Erie System Grand Trunk Western July 31- -Month of July- -Jan. 1 to 1921. 1922. 1922. 1921. $ 973,400 7,344,105 750,984 1,323,160 215,280 238.614 1,077.661 179,074 1,027,656 1,622,368 1,266,646 8,966,001 237,725 844,597 197,465 266,983 264,209 1,932,634 289,601 255,185 33,372 196,421 34,846 36,053 484,050 544,531 3,764,124 444,434 1.070,170 1,063,248 1,139,544 7,133,320 559,120 127,102 1,832,681 -42,514 73,206 55,484 461,060 38,000 Cr167 83 3 744 71,615 1,371.788 -81,2581 485,831 295,204 -68,760 25,720 -117,968 347 347 347 253 July 311921. 6,411,917 1,290,807 8,115,974 1,166.74.4 1,711,044 243,243 4,023,667 7,637,147 478,821 370,786 878 107.163 -932,080 347 Great Northern Galveston Wharf -Month of July- -Jan. 1 to July 31- -Month 122. of 1922. 1921. 1922. 1921. S S $ $ $ 1,494,872 1,150,985 10,943,008 10,603,000 9 28 64 6 1,732,637 1,261,147 12,239,872 11,675,447 86,561 139,463 235,975 985,172 1,325,155 40,536 207,945 2,239,928 3,013,320 87,405 2,276 14,691 10,283 86,939 89,843 781 661,252 442,858 3,762.385 4,064.430 19,774 934,074 7,311,744 8,779,679 934,848 81,019 797,789 327,07d 4, 28,128 2,895,768 5,542 511,401 611,493 88,333 67,162 15,800 278 63 259,911 4,316,635 2,384,089 -10,321 709,456 T81,88 3,460,135 1,506,196 582,969 -9,857 456 456 459 459 13 El Paso & Southwestern EARNINGS. 7 RAILWAY EARNINGS -Month of July- -Jan. I to July 31-. 1922. 1922. 1921. 1921. $ 3 3 3 $. 6,570,677 5,573,319 38,02(3,333 35,068,773 1,526,897 1,624,754 8,282,058 9.550,875 1,530,885 9,015,381 8,142,962 51,745,576 50,046,749 274,580 1,344,626 1,127,957 7,504,353 8,369,125 744,504 1,887,487 9,897,605 11,595,132 33,572 141,590 138,332 974,810 985,791 5,464 297,194 3,262,919 2,960,604 21,284,637 22,727,780 806,597 5,742.980 6.445,894 41,523,659 45,654,483 724,288 3,272,401 1,697,068 10,221,917 4,392,266 682,409 4,435,669 5,155,120 772,578 119,000 1,384 8.223 1,501 11,579 68 605,220 2.498,322 1,013,275 5,778.025 -774,433 605,617 2,409,024 1,073/ '6,449,503 -538,012' 8,262 8,159 8,264 8,164 13 Julyict -Jan. i2. to July i2 $ 285,724 39,244 1,491 705 41,958 117,247 168,477 17,000 63 151,414 151-,8Id 13 $ 793,415 385,994 27,865 5,687 190,702 752,402 41,013 117,800 2,145 -78,932 -78,383 13 Green Bay & Western Georgia July 31- 187th of 14/43. -Jan.2 to 1921. $ $ $ $ 5,154,681 282,772 276,616 1,912,904 1,466,497 662,849 107,405 118.978 6,980,003 420,476 417,192 2,788,210 1,186,367 43,414 41,502 278,412 1,458,246 45,230 83,623 465,860 201,104 17,717 21,018 137,269 2,193,850 204.676 229,860 1,354,918 5,456,161 332,841 395,041 2,371,999 1,523,842 4167211 87,63'T2.151 649,790 7,020 5,950 49,140 418 254 12 ' 1,310 873,634 80,361 16,189 365,761 644,704 76,297 20,293 378,409 1,027 328 328 328 July 112 Georgia & Florida $ 2,073,939 785,366 3,053,458 330,109 767,142 139,433 1,708.138 3,094,673 --41,215 41,699 211 -83.125 -46,216 328 -Month of July- -Jan. 1 to July 311922. 1921. 1922. 192141 3 $ $ S 94,209 80.715 626,439 612,057 14,868 16,160 119,254 128,788118,420 104,625 805,115 794,92325,359 23,696 151,053 131,288 9,854 19,893 122,039 177,875. 1,639 2,505 16,929 12,590' 48,637 39,267 302,349 309,222' 87.092 88,852 611,083 653,136 29,56g 17,533 194,032 141,781 7,800 8,000 56,000 50,828 21,568 16,812 262 9,733 7,00 252 138.032 107,235 262 Gulf & Ship Island 90,959 78.864 252 Erie Month of July- -Jan. 1 to July 31-Month of July- -Jan. 1 to July 31--Month of July- -Jan. 1 to July 311922. 1921. 1922. 1922. 1922. 1921. 1921. 1921. 1922. 1922. 1921. 1921. S $ S S Freight revenue 4,980,633 6,476,240 39,658,935 45,918,337 165,041 1,315,324 1,197,181 83,903 101,556 189,068 633,560 638,238 Passenger revenue_ 1,357,751 1,438,243 7,607,495 8,352,884 48,681 49,582 268,884 14,690 17,705 84,327 120,254 315,866 Tot., Incl. other rev. 7,029,170 8,503,539 51,464,476 58,100,024 105,919 252,429 771,023 128,260 233,981 1,690,213 1,625,455 819,663 Expenses-Maint.way 1,052,555 1,109,640 5,645,994 6,397,922 17,232 40,511 119,889 29,714 41,324 303,757 309,537 199,602 Maint. of equipm't_ 2,413,445 2,210,672 15,119,384 17,478,488 17,258 14,443 32,030 43,206 255,765 120,551 143,167 318,778 Traffic expenses_ 948,084 141,041 128,143 909,279 7,745 7,212 9,110 57,236 54,216 5,677 47,182 52,426 Transportation exp_ 3,497,272 4,081,927 23,067,318 27,543,851 64,747 44,453 80,994 513,661 83,536 309,780 428,214 633,711 Tot.exp..incl.oth. 7,426,535 7,847,889 47.055.925 54.795,171 89,857 127,215 653,694 174,773 882,273 186,001 1,211,169 1,40i,301 Net from railroad_ 16,062 1,046 -397,365 50 "4,408,551 -3304,853 117,329 -62,610 77,656 47,980 479,044 218,154 Taxes 6,200 290,137 277,110 1,880,307 2,038,503 7,826 43,575 18,533 54,822 20,230 125,811 137,213 Uncollectible revenue_ 24,344 14,636 97 38 3,463 582 2,138 34 29 770 475 120 Net after taxes, &c_ -689,640 9,765 -6,819 353,077 2,503,900 1.251,714 73,172 --117,907 59,089 27,721 353,263 80.771 Net after rents 241 --22,187 555,1811 5 -072-21 Th,444,72/ 3,042,098 19,897 --171,513 58,631 32,3163-18,47488,488 Aver. miles of r'd open 1,989 405 405 2,039 1,989 405 2,039 405 307 307 307 307 Chicago & Erie Grand Trunk System Gulf Mobile & Northern Atlantic & tit Lawrence EN -Month of July- -Jan. 1 to July-31Month of July- -Jan. 1 to July 31EARNINGS. 1922. 1921. -Month of July- -Jan. 1 to July 31-1921. 1922. 1922. 1922. 1921. 1921. 3 1922. 1921. $ $ 1922. 1921. $ $ S $ Freight revenue 595,260 5,480,730 5,163,860 664,191 113,046 87,253 1,180,950 1,293,065 2g15,791 262,249 2,246,646 1,962,357 revenue_ Passenger 391,132 492,465 80,653 79,084 44,844 48,220 240,899 294,707 33,043 42,990 240,848 300,474 rev. other incl. 715,131 6,317.333 6,040,314 Tot.. 824,559 184,171 145,749 1,549,070 1,719,220 319,441 2,592,363 2,368,767 333,352 Expenses--Maint.way 122,009 686,564 763,607 115,129 84,476 97,347 322,842 438,420 389,107 54,695 56,217 433,758 Maint of equipm't_ 960,240 1,038,814 123,650 145,308 16,331 36,611 236,153 289,242 414,894 40,590 53,030 498,264 expenses_ Traffic 19,039 136,887 135.636 19,512 3,730 2,880 30,922 22,539 13,252 15,974 97,620 87,141 Transportation exp_ 507,531 2,777.843 3,611.934 372,726 97,101 108,050 879,622 1,011,515 146,928 130,703 890,737 1,128,052 Tot.exp.,Incl.oth. 688,223 812.355 4,803,018 5,846,620 216,130 256,252 1,566,813 1,872,095 255,333 282,275 1,891,906 2,255.812 193,694 -31,959 -110,50 Net from railroad 136,336 -97,224 1,514,315 --17,743 -452,875 37,166 78,019 700,457 112.95g Taxes 43,800 373,204 306,300 55,000 16.900 19,204 118,300 135,527 22,250 17,482 119,759 126,342 Uncollectible revenue_ 1 101 26 15 9 53 27 1481,318 62 81,321 --141,025 1,141,010 -112,632 -18,868 -129,707 -136,096 ---288,429 Net after taxes. &c. 60,389 -fA. 579,380 -13.449 7=7 --8jU40'--2,766,135 ---93,438 --156,863 -588,525 7=760,855 187Tr5' '--580.537' Net after rents 44,202 5,337 477,017 -65,63d 269 269 269 269 Aver. miles of r'd open 166 166 166 166 436 463 436 463 New Jersey 8; New York Chicago Detroit & Canada Gr Trunk Jct. Hocking Valley --Jan. 1 to July 31---month of July- -Jan. 1 to July 31--Month of July Month of July- -Jan. 1 to July _31EARNINGS. 1922. 1921. 1922. 1921. 1922. 1921. 1922. 1921. 1922. 1921. 1922. 1921. S $ $ S 3 3 3 3 18,809 Freight revenue 15,338 135,011 127,457 164,851 94,288 1,150,189 704,690 1,149,156 6,034,080 6,513.589 915,934 Passenger revenue 11‘,510 114,075 695,135 705,150 11,158 10,087 65,500 90,292 100,880 108,558 581,437 748.286 134,253 135,769 863,001 Tot..incl. other rev. 855,759 197,112 119,290 1,521,488 1,088,971 894,179 1,365,653 7,244,589 7,736,526 ly . t.m ltIp s-19,265 28,344 ologtu 104,601 102,292 7,765 15,832 Excanirt. 90,185 120,984 183,579 95,018 730,015 1,082,505 15,862 19,235 126,943 133,305 10,356 21,509 224,694 87,060 128,325 332,582 1,551,241 3,136,277 1,435 1,453 9,404 12,129 Traffic expenses4,601 2,705 12,028 18,224 24,977 9,911 83,179 75,555 Transportation exp_ 69,162 57.847 474,876 480,122 57,741 60,174 338,153 469,305 424,457 2,451,459 2,894,276 454,008 Tot.exp.,Incl.oth. 112.218 106,529 739,089 746,444 83.965 104,663 726,104 983,781 5,123.149 7,440,580 681,920 745.871 2-9-,27-d4 123,912 22.0-3' 109,315 113,147 14,60 Net from railroad 639,568' 168,078 371,872 2,221,440 343,100 295,94d 2,917 3,000 20,971 20,417 13,308 Taxes 6,376 37,514 86,895 77,527 62,773 631,944 591,996 1 251 123 Uncollectible revenue_ 65 19 17 146 38 563 Cr235 26,322 19,035 102,690 88,775 99,774 Net after taxes. &c_ 8,251 81,161 294,328 1,588,933 -295.815 576,649 305,548 -2,266 -75,858 -103,614 -8,67A 71,763 Net after rents -9,299 ` --T3-876-1116,769 227,380 1,655,247 -252,984 170.452 2 47 45 45 . 47 Aver. miles ofr'd oper. 59 59 348 59 350 348 59 350 Detroit Grand Haven & Milwaukee Florida East Coast Illinois COntra Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31-Month of July- -Jan. 1 to July 31EARNINGS. 1921. 1922. 1921. 1922. 1922. 1921. 1922. 1921. 1922. 1921. 1922. 1921. $ S S $ $ $ $ 424,616 5,151,268 5,072,725 424,748 Freight revenue 435,916 411,544 2,57.655 1,793,442 9,086,680 8,479,887 62,370,031 60.514,021 206,031 2,596,950 2,819,999 passenger revenue 189,029 .44,721 42,553 322,509 1,986,905 2,326,115 13,297,214 14,693,152 282,600 725,385 8,780,757 9.021,050 Tot.,incl. other rev. 513,194 715,519 479,568 3,049,199 2,272,109 11.869,898 11,565,130 81,643,019 80,441,877 Expenses--Maint.way 214,964 1,192,254 1,587,638 50.907 168,350 57,428 326,189 1,775,179 1,882,846 10,300.340 11,660.981 295,947 193,413 1,313,254 1,569,558 Maint. of equipm't_ 41,786 131,044 69,703 389,028 2,836,936 2,910,519 18,386,624 18,118,423 321,477 9,604 96,337 100,231 Traffic expenses_ 11,092 8,441 154,315 1,325,953 1,078,717 209,080 10,221 69,988 61,355 Transportation exp_ 311,123 2,593,774 3,283,260 190,579 285,393 191,468 1,449,399 1,438,042 4,432,690 3,944,640 29,930,067 32,322,956 Tot.exp.,incl.oth. 738,255 5,467,040 6,825.446 311,199 345,682 2,249,075 2.355,398 9,581,843 9,256,033 62,424,591 65,813.986 628,409 ,-717 2,195,604 201,998 87,110 -12,870 "--3-:3ra-Net from railroad_ __ _ 133,886 83,289 2,288, 5 2,309,091 '19,218,428 1f,6-27-,8-91 800,124 103,578 425,466 444,502 3,693 Taxes 6,233 62,929 722,696 684,118 6,634,085 4,662.707 31,063 42,737 Uncollectible revenue_ 133 3,440 327 33 7 68 538 565 7,593 7.747 114 4.165 &c_ taxes, after -116.581 2,884,811 198,269 1,750,775 127,646 Net 24,113 757,273 --121,935 1,564,821 1,624,414 12,576,596 9.961,019 rents 2,514,101 1,454,614 after 91'-145,468 122,811 77,497 Net 294.752 --490,319 1,662,591 1,740,991 13,019,671'DT5 764 764 Avemiles of r'd oper.r. 764 189 189 4,784 764 4,799 189 189 4,784 4,739 EARNINGS. [VoL. 115. RAILWAY EARNINGS International & Great Northern Louisiana & Arkansas Kansas Oklahoma & Gulf -Month of -Month of July- -Jan. 1 to July 31Formerly Missouri Oklahoma & Gulf 1922. 1,921. 1921. 1922. Month of July- -Jan. 1 to July 31-1922. $ $ 1922. $ 1921. 1921. 1922. 248,453 PreIght revenue 629,685 1,160,911 5,421,618 8,363,765 185.282 1,407,658 1,170,756 189.674 36.123 265,457 1,409.490 1,839,867 228,236 Passenger revenue...... 85.536 114,369 12,234 12,719 292,921 Tot..incl. other rev. 949,357 1,587,617 7,691,026 11,061,580 205,465 1,554,203 1,353,338 212,589 67,997 175,529 226,894 1,112,422 1,619,563 ixpenses-Maint.way 304,676 43,298 44,626 348,369 12,960 348,043 1,417,763 2,217,169 106,842 Maint. of equipm'S_ 247,649 163,237 27,221 13,098 9,217 180,003 185,582 24,727 26,628 Traffic expenses__ 38.541 4,142 5,478 29,095 84,338 3,406,747 5,823,649 472,754 700.957 exp 618,468 Transportation 78,827 88,107 573,543 181,771 831,052 1,353,808 6,495,750 10,274,270 Tot.exp.,ine.l.oth. 164,002 1,150.681 1,320,564 161,526 1117150 787,310 233,800 1,195,276 Net from railroad---- i1-37305 403-,522 =327774 51,063 41,463 19,434 227,364 251,072 38,576 32,501 Taxes 63,763 9,579 69,364 9,156 Cr2 7,371 438 10,365 1,842 ifneollectible revenue.. 39 96 5 91,718 528,867 957,547 194,795 83,962 Net after taxes, dm_ 32.302 41.484 334.062 -31,028 IMMO -59 0:2 9 -7290 60-0:7V. -328,091 95,869 60Net after rents 28,631 25,436 was -90,788 302 1,159 1,159 1,159 1,159 Aver. miles of r'd over. 319 314 314 314 EARNINGS. s $ International Ry. Co. of Me. EARNINGS. Freight revenue Passenger revenue_ -Tot..incl. other rev. Expenses-Maint.waY Maint. of equipm't_ Traffic expenses__ _ Transportation exp_ Tot.exp.,inci.oth. Net from railroad_ ___ Taxes Uncollectible revenue.. Net after taxes, &c_ Net after rents Aver. miles of r'd oper. -46,014 --51,602 233 ==37,616 233 s $ Freight revenue Passenger revenue Tot.,incl. other rev. Expenses--Maint.way Maint. of equipml_ Traffic expenses_ Transportation exp. Tot.exp..incl.oth. Net from railroad__ _ Taxes Uneollectible revenue_ Net after taxes. &c_ Net after rents Aver. miles of r'd over. -Month of 1922. $ 94,242 10,477 112,810 29,03$ 10,720 4,994 62,161 112,754 56 8,320 -8,264 -10,504 272 EARNINGS. freight revenue Passenger reventte Tot..Inc]. other rev. Unlenses-Maint.w ay Maint. of equipml_ Traffic expenses_ _ _ Transportation exp. Tot.exp..incl.oth. Net from railroad___ _ Taxes Uncoiled:4ihie revenue.. Net after taxes, &c_ Net after rents Aver. miles of r'd oper. 13,164 175 465 July 311921. s 1,789,729 242,550 2,162,760 478,138 285,686 70,752 907.423 1,828,814 112,000 785 221,161 ,123' 343 Louisville & Nashville Lake Terminal Month of July- -Jan. 1 to July 31July- -Jan. 1 to July 51- -Month of July- -Jan. 1 to July 31-1921. 1922. 1921. 1922. 1921. 1922. 1921. 1921. 1922. 1921. 1922. S S S $ $ $ s . $ $ $ 6,864,206 7,075,558 54,612,222 49,590,720 835,014 647,675 128,312 2,042,273 2,008,818 12,612,198 13,749,679 93,494 72,657 17,076 986.144 778,123 152,812 772,163 9.576,857 9,610,560 71,626,982 67,214,699 630,319 74,543 78,760 232,225 179,114 25,770 107,795 1,298.617 1,528,519 10,110,361 10,889,500 66,363 8,057 8,101 320,975 185,147 34,195 146,433 2,525,199 2,515,592 17,337,840 20,482;413 9,988 66,215 8,503 174,464 1,465,807 1,474,453 210,170 39,476 33,058 5,531 535,784 427,081 74,649 447,025 3,624,810 3,927,673 26,949,844 31,238,128 35.599 287,796 42.679 57,769,930 66,093,304 8.406.100 7,914,462 869,940 1,220,584 151.149 53.776 702.392 431.5167 60.821 13.857.052 1.1203-g 1,663 --91,817 --234,440 20,767 69,771 -1T6-6Y395 198,803 17,930 269,298 2,781,756 2.094,044 402,730 56,282 58,240 8,040 42,256 5,737 41,793 4,237 5,631 4,156 1,140 449 30 26 934,022 11,071,140 -978,280 ---6,377 --150,083 ---290.752 13,702 156.547 15,030 27,978 1,259,216 ,844 ,719 22,61q -==1=419ff52 --266,087 --1,47/' 14,891 16,0372' 357719 1T3127463' 869,369 11,151,909-1 5,043 5,038 5,038 272 5.043 272 272 13 13 13 13 $ Kans City Mex & Or Ry of Texas -Month of 1922. $ 99,893 7.704 113,573 16,224 9,537 5,044 57.488 94,409 19,164 6,000 s --217,3l5 Kansas City Mexico & Orient RR EARNINGS. Louisiana Railway & Nay Co July 31-Month of July- -Jan. 1 to JO/ 31- -Month of July- -Jan. 1 to 1922. 1921. 1922. 1921. 1922. 1922. 1921. 1921. 220s $ $ $ $ ,024 266,462 1,570,058 1,275,821 82.754 398,729 190,296 24,013 32,736 207,892 36.513 351,865 1.587 521 93 49 316,373 1,874,990 266,999 1,747,344 104,256 476,340 30,117 228,659 435,029 49,693 53,146 323,559 125,371 137,442 15,525 19,546 298,275 22.761 12.414 313,507 123,164 8.896 65.203 6,906 73,811 10,269 11,639 26,052 1,888 1.497 312 240 768,585 113,470 104,003 909.129 71,805 112,258 10,248 36.520 207,855 1,657,675 193,431 1,599,126 345,472 334,555 37,404 65,738 108,518 148,218 417216 7 141:785 -2 -7,287 162,921 111,896 16,000 16,000 105,000 38.447 39,814 5,358 6,677 2,443 55 86 102,976 92,463 57,482 43,218 130,876 101,971 --279.663 156,244 -12,645 KIN" -65,521 34725645,765 -55,698 275,-684 105:567 158,431 -1271-0-6 343 343 343 233 233 33 33 33 33 -Month of July- -Jan. 1 to 1922. 1922. 1921. $ $ $ 82,748 95,924 1.292,771 36.638 35.359 237,093 147,534 1,641,225 132,721 247,596 52,215 31,784 305,051 41,320 32,455 3,863 4,347 30,165 788,795 77,655 77,355 178,548 1,398,349 150,483 242,876 -17,762 -31,014 15,000 16,000 112,000 -33,762 Lake Superior & Ishpeming July- -Jan. 1 to July 311921. 1922. 1921. $ $ 20'7,971 1,644.514 1,634,568 245,664 231,963 37,013 251,415 1,926,205 1,935,296 376,595 376,301 45,058 467,464 292,413 84,189 43,095 54,114 6,020 706,445 597,605 82.649 225,441 1,373,995 1,653,699 -81759I 2 552,210 25,974 115,683 135,439 16,301 616 291 47 165.298 416,480 9,626 111,617 2,931 402,3154 302 302 302 July-- -Jan. 1 to 1922. 1921. $ $ 175,341 727,757 73,320 21,878 202,562 853,809 177,448 30,294 45,510 245,801 33,221 5,085 102,325 • 521.061 188,935 1,023,159 13,62 --169,350 41,987 6,150 324 7,477 --211,661 --11,574 --308,488 465 465 Lehigh & Hudson River Louisville Henderson & St Louis Lehigh & New England Maine Central July 51- -Month of 1921. 1922. $ 1,044,221 135,936 124,146 3,712 1,219,100 150,057 305,282 23,164 380,541 25,560 38,888 1,459 769,056 68,201 1,540,934 126,648 --321,834 "*. 23,409 43,050 14,838 25 --364,909 8,571 --484,784 -6,013 465 96 Kansas CRT Southern System Month of July- -Jan. 1 to July 31July- -Jan. 1 to July 31-1921 1922. 1921. 1922. 1922. 1921. 1921. 4 $ $ $ 143,147 1,289,370 1,056,991 193,364 259,067 1,253,153 1,770,012 439,313 403,450 67,042 63,016 25,737 3,729 27,780 222,035 1,807,527 17629,021 276,139 271,269 1,350,293 1,865,975 324,024 355,144 46,999 45,170 26,481 191.826 189,765 314,744 256.575 42,908 15,487 34.897 248,119 299,044 46,749 43,108 5,702 5,791 1,676 10,386 13,832 638,620 618.087 78,929 97,228 562,994 104,007 818,896 1,387,702 182.659 1,331,230 171.616 173,595 1,066.647 1,374,995 3-9737e 476,297 104,52397,674 283,646 490.980 51,574 75,228 7,367 22,728 12,151 85,057 94,206 147 45 44 2 3 189,598 401,024 31,965 81,793 405.920 189,440 85,523 8-978a 18,233 ".-299,263 59,63S 6 ,04g 2497998 64,101 199 199 199 199 96 96 96 Kansas City Southern -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 311921. -Month of July- -Jan. 1 to July 311922. 1921. 1922. 1921. 1922. 2 1921. 192. 1922. 1921. 1922. 1921. $ $ 924,559 8,327,630 8,398,681 1,033,502 1,309,790 7,941,033 9,508,171 Freight revenue 375,739 2,152,206 2,487,459 1,003,155 222,796 169,425 209.980 1,132,542 1,371,346 500,382 2,549,968 2,822.027 485,503 Passenger revenue 2,227 1,652 13.543 15,012 Tot.,incl. other rev. 1.338,419 1.622,147 10.070,936 11,618,514 399,970 2,217,633 2,610,705 1,626,151 1,550,690 11,752,876 127027,462 230,268 202,383 201,276 1,308,828 1,444,077 Expenses--Maint.way 311,660 1,884,690 2,103.407 277,019 82,464 65,423 341,234 373,570 222,644 281,794 1,942,193 1,998,442 336,999 2,300,890 2,948,243 181,687 Maint, of equIpm't_ 18,863 89,144 761,279 623,416 93,494 35,007 94,173 34,373 14,562 17,129 255,554 278,189 Traffic etrenses 7,255 24,253 71.841 39,766 527,831 3,658,989 4,262,938 483,340 714,837 5,134,098 6,369,281 704,379 Transportation exp. 120,902 104,644 819,628 931,045 11,881,190 9,755.465 1,428.581 1,233,917 Tot.exp..111CLOth.. 1,012,031 1,115,842 7,642,741 8,495,168 245,684 299,905 2,108,992 2,086,156 146,272 506,303 --2T42371-9-3 3,123,346 -15,416326.38g 122.109 1,077411 07234 Net from railroad 1ioTo8 5247540 T08764T 738,917 76,833 681,959 94,879 678,249 105,559 537,833 87,649 Taxes 6.645 15,453 108,171 69,516 444 904 Cr116 1.585 2,544 25 3,060 Uneollectible revenue.. 428,568 1,747,402 2,582,453 -22,061 231,625 16,550 1,313,867 -593,089 304,560 Net after taxes. Sze_ 416.378 39,125 84.612 -73;836 412,999 1,674,797 2,483,067 -12376 199.856 57731- `1:30372$3' 35741 Net after rents 503,487 867807 .-1-07333' 1,194 767 1,194 767 1,194 767 1,194 767 Aver. miles of r'd oper. 236 237 237 235 Texarkana it Port Smith Midland Valley Valley Lehigh -Month of (hay- --Jan. 1 to Ally 31-- -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 311921. 1922. 1921. 1922. 1921. 1921. 1922. 1922. EARNINGS. 1921. 1921. 1922. 1922. $ $ $ •$ $ $ S 1,910,019 138,748 2,054,668 248.498 946,346 272,376 1,028,599 139412 revenue Freight 3,380,721 5,071,584 28,941s,396 35,729,519 564,300 481,669 17,685 101.151 73,491 72,760 84 14,8 125,855 Passenger revenue_ _ _ 819,397 3,873,125 4,519,450 707,394 170,655 1,145,799 1,261,386 4.452,269 6,260,657 35,393,490 43,102,024 334,774 2,648,940 2,586.072 367,041 167,939 Tot.,incl. other rev. 613.790 372,659 127,633 69,490 57,889 27,754 138,580 15,065 Expenses-Maint.way 796,209 3,909,438 4.612,305 620,812 459,961 313,871 176,158 48,359 45,000 15,043 149,374 1,023,880 1,873,216 10,009.202 16,306,440 32,829 Maint. of equipm't_ 34.834 33,731 35,074 4,338 5,362 5,793 34,881 5,327 734,997 738,561 96,231 Traffic expenses.. _ _ 112,916 928,591 784.337 119,506 347,554 54,244 113,405 52,280 472.467 2,278,249 2,398.380 16,224,505 19,017,420 Transportation exp_ 2,167,661 255.102 1,599.514 236.621 746,331 112,615 854,276 4.185,775 5.325.959 32.000,295 41,859,851 115,072 Tot.exp.,Incl.oth. 418,411 1,049.426 79,67 130,424 399,468 58,044 52.86/ 407,110 93T604 "3-,-39-371-9-5 C242 f73 Net from railroad 266:404 57,126 97,180 8,161 16,740 72,270 7,353 51,469 10.871 156.000 1,449,080 1,180,371 Taxes 188,421 1,378 5 55 160 191 56 Cr8 110 6.917 2,896 Cr15.429 1,549 Uncollectible revenue_ 950.868 71,506 361,230 113,520 327.007 50,631 42,004 54,885 355,531 775,802 1,960.544 Net after taxes, &c_ 76.524 880,038 328,646 70,704 957'733 215-X-5 38,25g " 181,805 25,674 84740 207866 .---7607439 1,657.706 Net after rents 383 382 383 383 81 93 93 81 1,334 1,334 1,334 Aver. miles of r'd oper. 1,334 EARNINGS. s $ s $ Kansas City Terminal EARNINGS. Freight revenue Passenger revenue_ _ _ Tot.,inel. other rev. flapenses-Maint.way Maint. of equipm't_ Traffic el-Pelages-Transportation asp_ Tot.exp..inci.oth. Net from railroad_ __ _ tea collectible revenue._ Net after taxes, &c. Net after rents Aver. miles of r'd oper. in Los Angeles & Salt Lake $ Minneapolis & St Louis Month of June- -Jan. 1 to June 30- --Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 311921. 1922. 1922. 1921. 1922. 1921. 1921. 1922. 1921. 1922. 1921. 1922. S 3 $ $ $ 871.413 7,111,327 7,046.483 961,098 967,877 7,110,552 7,239,209 1,016,052 1,353,888 177,867 147,936 1,073,168 3,405,565 2,981,197 524,563 467,843 1,128,941 8,660,092 .8,820,974 1,635,502 1,626,089 11,085,506 11,590,155 1,190,174 192,317 1,236,380 1,317.377 166,621 396,259 2,355.757 2,482,160 307,122 299,453 1,613,039 2,352,929 88,575 357,870 2,361,275 2,388.062 261,835 175,386 23,159 168,807 22,436 358,031 336,903 46,337 58,625 574,179 4,055,450 4,791,674 542.963 540,331 3,651,202 4,038,199 504,981 858,918 1,133,157 7,353,923 87451,271 -17 --21 -91 1,231,480 1,429,924 9.320.708 9,848,536 -4.214 1,301,169 --1 749/ 331,254 17 21 9 414,022 ,163' 1-7764:793 1,741,619 540.080 83,424 455,477 73,298 167,468 26,511 159,269 27,710 667,189 106,967 773,406 112,199 1,823 33 66 1,205 668 284 26 7 -672,200 849,487 257,892 -87,673 -27,710 -26,490 -167,451 -159,178 991,108 1.073,762 89,172 291,816 -813.20 5 , 9 2 "=-10 4477840 1957750 185,974 '1,188,682 1,114,063 --Y57c827 "--76T772 45,977 --WE-50 1,650 g 1,649 1,649 1,650 27 27 27 27 1,168 1,168 1,141 1,137 s SEPT., 19211 RAILWAY EARNINGS Minn St Paul & Sault Ste Marie Mobile & ()ILio System 9 li Orleans Texas & Mexico System Mobile & Ohio New Orleans Texas & Mexico 122. e°nthof igi7 1 ju1 12 1F- -Month of -Jan. i2. to July 31- -Month of July- -Jan. 1 to July 31S 1922. 1921. 1922. 1921. 1922. 3,063.610 2,330,660 17,203,008 16,330,497 1,110.122 1,058,867 Freight revenue 1921. 8,385,503 8,914,573 135.102 88,650 1,220,671 1,194,508 792,269 Passenger revenue..... 857,070 4,024,589 4,717,612 150,461 159,423 968,110 1.095,522 34.666 39,003 212,499 264,700 Tot..incl. other rev. 4,262,422 3,534,772 23,517,350 22,913,515 1,330,495 1,296.751 9,853,369 10.538,313 182.914 Expenses-Maint.way 131,739 1,501,919 1,516,954 565,910 644.837 3,645,441 4,179,140 156,022 187,424 1,206,672 1,507,875 27,539 46,092 Maint. of equipm't_ 274.680 249,590 596.525 4,193,326 5,920,304 303,680 257,012 399.789 1,958,989 3,003.593 46.850 19.570 58,896 Traffic expenses_ 331,338 60,679 413,448 302,250 373.001 43,242 36,913 316,489 323,888 6,331 5,472 Transportation exp_ 1,426,877 1,463,129 10,454,479 11,657.666 47,640 46,026 523,560 547,395 3,791,540 4,634,028 51,577 47,978 374,685 437,581 Tot.exp.,incl.oth. 2.447,529 2,896,537 19,484,131 23,075,426 1,025,940 1,218,735 7,617.868 9,846,295 139,444 126,938 1,058,599 1,142,753 1,814,893 638,238 4,033,219 --461,911 -T04.555 Net from railroad 78,016 2,235,501 692,018 43.47-6 4,801 251,358 Taxes 443AM 263,516 1,769,619 1,976,133 374,2101 54,000 75,800 399,596 404,275 20,828 Uncollectible revenue_ 15,738 124,436 129 78 8,242 115,862 6,100 62 10 983 68 7 46 20 Net after taxes, Ac. 1,563,406 374,641 2,255,358 -2,144,144 250.493 2,206 1,834,922 287,675 22,642 -10,944 318,838 258,319 1,527,361 Net after rents 325,614 2,037,68' -2,560,985 187,369 -21,651 "1,4 57531 4 230,670 64,704 oper -67738 miles of r'd Aver. 619,837 4,383 4,242 4,383 21777O 4,242 1,165 1,165 1,165 1.165 191 191 191 191 Mississippi Central Columbus & Greenville Beaumont Sour Lake & Western Formerly -Month of July- -Jan. 1 to July 31Southern By.in Mississippi -Month of July-Jan. 1 to July 31EARNINGS. 1922. 1921. -Month of July- -Jan. 1 to July 311922. 1921. 1922. 1921. 1922. 1921. i i 1922. $ 1921. $ 1922. 1921. i $ $ $ Freight revenue 83,031 55,813 702,058 105,839 437.614 52.549 618,905 605,602 141,583 151,473 955,708 1,023.786 Passenger revenue_ 19,313 26,541 112,177 25,304 139,198 26,359 187.868 26,666 197,951 28,688 167,617 219,700 Tot.. incl. other rev. 107,121 599,829 86,413 135,824 846,862 85,307 850,482 855,119 175,770 187,544 1,190,946 1,298,578 Expenses-Maint.way 22,739 34,624 30,652 129,218 131.010 30,670 193,350 271,070 25,400 32,431 223.519 Maint. of equipm't_ 13.375 272,729 30,229 225,440 3,735 221,087 12,797 85,425 137,372 13.164 21,757 157,066 Traffic expenses_ 6,184 186,387 3,140 39,581 3,520 19,344 1,653 23,699 23,141 5,101 4.108 35,578 Transportation exp_ 42,260 34,445 34,345 287,822 228,468 42,939 50,210 325.592 515,257 56,246 59,042 378.864 437,182 Tot.exp..incl.oth. 91,969 108,739 731,168 90.510 648,872 102.497 688,577 991.691 107,181 124,387 843,387 986,376 Net from railroad 15,152` 717-72-2F,126 115,694 --49,043 45T314 -17,190 161.905 --136,572 68,589 63:157 347-;559 .-312,201 Taxes 6,033 5,630 43,567 5,461 44,648 13.663 33,053 98,015 5,079 4,169 28,838 Unoollectible revenue_ 27 23,817 53 165 84 39 417, 2 4 51 Net after taxes, dm. 9,092 -28,009 71,962 -93,775 39,814 -30,853 128,435 -234,589 63,510 58,984 318,721 288,334 after rents Net 18,683 -32,988 73,431 -94,461 27,108 -48.850 44,165 --386,374 42,367 44,66f 150,46-2' Aver. miles of r'd open 197,1T 258 164 259 164 167 226 208 267 118 118 118 118 Missouri & North Arkansas Montour St Louis Brownsville & Mexico -Month of June- -Jan. 1 to June 30- -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31EARNINGS. 1922. 1921. 1922. 1922. 1921. 1921. 1922. 1921. 1922. 1921. 1922. 1921. i $ i $ $ $ $ $ $ i $ Freight revenue 59,519 $ 88,435 15,038 107,520 352,752 252,974 892,077 272,528 2,075,311 Passenger revenue 13.153 2,243,669 18,219 593 833 5,196 95,588 7,529 134,353 663,030 954,613 Tot..incl. other rev. 76,953 115,262 16,932 109,686 364,938 378,516 913,470 428.793 2,981,191 3,421,526 Expenses-Maint.way 6,154 7,824 20,319 33,836 112,994 74.369 189,701 67.440 532,134 Maint of equipml. 10,989 608,235 23,004 16,393 37,076 175,427 40,470 415,931 72,661 431,840 Traffic expenses.. 1,301 612,454 1,875 933 986 6,889 13,553 7.919 12,838 Transportation exD96,603 38,207 106,980 60.157 10,936 26,026 123,772 251,759 116,534 149.239 833,833 1,259,360 Tot.exp.,inc.l.oth. 61,718 101,592 54,734 105,347 462,344 916,593 261,918 321,836 2,022,335 2,748,980 rallroad from Net 15,245 13.670 --37,802 4,339 -97,406 --3,123 116.598 106,957 958,856 Taxes 4,200 6727646 7,542 2,354 3,678 17,403 26,601 12,362 15,161 Uncollectible revenue_ 103,264 103,661 76 55 6 220 280 Net after taxes. Ac. 11.045 6,218 -40,156 661 -114,885 -29,724 104,181 91,790 855,372 568,605 Netafter rents 3,171 -5,035 -38,487 22,360 -43,951 141,427 867768 85,873 632,849 Aver. miles of r'd open 354 416,768 354 354 56 354 56 56 550 56 550 550 550 Missouri Kansas & Texas RR Nashville Chattanooga & St Louis New York Central -Month of JulySystem 1. 2. to July -Month of July- -Jan. 1 to July 311 1 2 31New York EARNINGS. Garetrai RE 1922. ' 1922. 1921. 1922. 1921. Month of July41. 42. to July2. $ i 31$ i $ $ $ 1922. i 1,842,513 1.996,204 12,361,095 13,261,080 Freight revenue 1 1,303,167 1.291.056 8,494.290 8,107,852 15,669,030 15,058,291 113319,580 109841.321 Passenger revenue_ 464,886 615,402 3,280,384 4,186,623 423,443 452.429 620,332 2,994.607 8,840,232 8,416,430 50,452,297 53,707.672 Tot..incl. other rev. 2.590.094 2,836,169 17,289,059 18,840,412 1,844.764 1,853,173 11,988,200 11,949,311 27,934.312 26,255,176 Expenses-Maint.way 298,386 422,856 1,800,187 2,553,652 183834,688 295,635 183,292 1,935,638. 1,939,408 3,205,047 3,246,342 186492,095 21,538,894 Maint. of equipm't_ 566,688 621.251 3,288,541 5,402,553 372,481 361,413 3,126,950 3,187,441 7,093,516 5,846.479 47,061,212 20,634,434 Traffic expenses.._ 37,396 43,572 319,130 42,895,722 341,982 61,589 62,488 482.818 493.653 323,731 Transportation exp.. 293,138 2,194,789 2,267,555 791,822 858,459 5.034,597 6.756,221 720,769 717.161 4,674.832 5,763,425 10,703,180 9,370,798 67,631,568 76,885,651 Tot.exp.,inchoth. 1,589,199 2,635,768 11,139,262 15.755,580 1,511,229 1,381,634 10,657,324 11,822,722 22,428,328 19,903,637 146069,865 151218,346 1,000,898 Net from railroad_ 800,401 6,149,797 3,084,832 -333,535 471,539 1,330.876 126,589 5,5057981 "67351753-0 40,422,23(1 Taxes 195,523 155,588 1,220.972 931,228 35,000 50,000 245.000 350.000 1,665,829 1,623,936 11,552,138 32,616,342 Uncollectible revenue.. 2,885 282 9.181 11.484,846 2,742 590 Cr209 13,292 8,251 3,586 2,066 30,547 Net after taxes, ago_ 7,984 802,487 644,531 4.919,644 2,150,862 297,945 421,748 1.072,584 -231,662 3,836,569 4,725,537 28,839,545 21,123,512 Net after rents 880,714 743,706 5,296,303 2,883,641 360,578 431,550 1,3327911 69,288 3,922,9-6b' 4,874775i 3b71-2178 Aver. miles of r'd open 1,670 0S 22,168740 1,714 1,670 1,715 1,258 1,258 1,258 1,258 6,098 6,078 6,098 6 .078 Missouri Kans & Texas Ry of Tex Nevada Norther n Cincinnat Northern i -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31-EARNINGS. Month of July- -Jan. 1 to July 311922. 1921. 1922. 1921. 1922. 1921. 1922. 1921. 1922. 1921. 1922. i $ $ 1921. i i $ i Freight revenue $ 988,416 1,604,584 7,549,501 10,450,426 $ $ $ $ 53,901 12.329 191,309 157,593 Passenger revenue 201,583 407.500 598,969 2,950.773 3.978.674 294,014 1,821,328 1,876.830 5.699 2,839 28.592 40,448 17.396 21,089 105,541 Tot..incl. other rev. 1,567,979 2,385,009 11,576.829 15,585,115 132,480 62,641 15,695 248,791 Expenses-Maint.way 223,439 326,624 227,505 285,904 1,834,745 2,183.918 326.003 1,977,816 2,078,666 10,203 9,711 63,007 79.320 Maint of equipm't_ 159,157 58,709 371,380 1,552,350 2,778,685 53.545 396,690 6,165 320,291 3,782 24,527 46,773 Traffic expenses 35,386 32.652 40,949 63,027 286,189 344.958 383,504 392 399,503 322 3,041 Transportation exp. 3,989 665,287 777,609 4,637,299 6,480,451 5,316 3,866 35,468 9,950 36,272 5,607 54.597 98,790 98.368 102,760 Tot.exp.,incl.oth. 1,209,815 1,572,198 8,834,212 12,515.960 667,296 763,854 30,807 22,379 166.020 252,916 203,896 230,481 1.501,219 358,164 Net from railroad__ 1,572,002 812,81k *-2-,74-2M1 3,069,155 31,834 -6,684' -82,771 -29,477 Taxes 51,398 48,049 23-:609 359,931 336,175 476,597'.6,114 60-6-;04 9,783 42,808 Uncollectible revenue. 68.679 812 11,675 1,930 17,827 3,886 3.572 114,370 3 109,423 3 Netafter taxes, An_ 305,954 351 762,832 2,378.800 2,729,408 8 25.717 --16,467 39,960 --98,156 11,934 77,695 361,876 140,062 Net after rents 397,233 588,152 1,195,218' 1,099,455 25,021 -=-Z13,681 58i' _7953 Aver. miles of r'd oper. 1,737 -14,751 1,739 64,494 1,737 1,739 211,134 165 353,230 164 165 164 244 244 244 245 Missouri Pacific Newburgh & South Shore Clove Gin Chic & at L(Inc Peoria & East) -Month of July- -Jan. 1 to July 31_ -Month of July-Jan. 1 to EARNINGS. July 1922. 31- -Month of July- -Jan. 1 to July 311921. 1922. 1922. 1921. 1921. 1922. 1921. $ 1922. i 1921. i 1922. $ 1921. $ freight revenue 5,552,368 6,567,955 41,755,504 45,227,425 $ i $ $ Passenger revenue 1,542,215 1,679,493 9,601,472 11,347,208 4,397,318 4,184.011 34,401,368 32,132,925 1,458.376 1,551,358 9,156,760 Tot.,Incl. other rev. 7,763,726 8,959,260 56,288,162 61,360,215 10,138.759 147,837 81,553 1,145,333 Expenses-Maint.way 1,497.294 1,583,596 9,846,835 10,970,216 730,495 6,346,848 6,242,501 47,176,486 45.836.267 8,961 9,213 66,561 Malta. of equiptu't. 83,654 901,143 1,993,371 11,574,725 13,714,882 806.549 901,170 5,306.947 6,129.195 35,561 20,674 241,211 177,962 1,164,895 1,509.605 8,801,560 10,112,039 Traffic expenses..... 178,954 173.397 1,092,439 1,172,729 Transportation exp. 3,193,188 3,446,755 22,641,336 26,834.435 121,606 94,778 780,165 71,434 773,090 36,567 448.005 374,652 2,676,727 2,406,633 17,605,304 20,470,709 Tot.exp.,Incl.oth. 6,036,964 7,489,699 47,173,485 54,926.086 119,380 70,242 780,758 667,431 5,006,798 5,137,637 34.038,027 39,046,949 Net from railroad...... 1.726. O.-1,469,56i 9,114,677 6,434,129 28,457 1131 364,575 63,064 1,3407050 1,104,864 Taxes 352,683 338,445 2,592.953 2,113,443 15,253 67789,31g 9,732 89,674 67,719 Uncollectible revenue_ 6,418 337,885 5,541 315.608 2,397,590 2,244,666 24,893 35.189 3 10 1.320 6.183 620 Net after taxes. An_ 1,367,661 1,125,575 6,496,831 4.285,497 4.237 13.204 1,579 274.898 -4,665 1,000,845 788,636 10,234,686 4,540.415 Net after rents 1,064,652 798-13 4,444,900 2,869,694 2,498 2,759 245,366 Aver. miles of r'd oper. 14,685 7,342 798,687 7,300 757.017 9,208,462 3,453,21/ 7 7,330 7,300 7 7 7 2,411 2,410 2,411 2,416 Monongahela Connecting New Orleans Indiana Harbor Belt -Month of July- -Jan. 1 to July 31- -Month of July-Great Northern -Jan. 1 to -Month EARNINGS. July Julyof -Jan. 31to 1 July 311922. 1921. 1922. 1921. 1922. 1921. 1922. 1922. 1922. 1921. 1921. 1921. $ $ $ Freight revenue $ $ 163,074 152,620 1,171,707 1,104,996 passenger revenue 47,287 56,258 254,322 310,167 Tot.. in other rev. 132,817 965,802 43,030 413,095 218,620 217.644 Expenses--Maint.way 1,486,069 1,478,292 675,529 5,429,666 5,078.284 790,844 19,315 109,132 7,759 64,216 26,426 34.738 226,929 Maint. of equipm•t_ 60,313 100,554 659.163 241,769 28,032 661,512 160,729 10,091 96,622 21.192 45,875 231,731 Traffic expenses 121,092 507,671 88,335 268,553 3,719 505 989,935 505 3,809 5,960 4,302 35,894 2,911 3,715 27.481 Transportation exp.. 37,529 417,263 72.030 22.957 28.353 235,959 64,173 83,742 466,875 242,446 2,121,552 2,394.328 264,516 636,682 Tot.exp.,incl.oth. 124,961 742.555 46,510 444,163 127,123 179,542 1,034,630 1,257,763 447,096 3,450,361 4,254,693 475,005 Net from railroad 7,858 223,247 -31,068 -3,480 91740 38:i12 451,439 3157839 228,431 1,979,305 Taxes 2207529 2,302 1,601 15,373 8237591 12.452 15,318 16,283 Uncollectible revenue_ 105,500 17,949 45,205 271,904 110,016 158,564 42 16 242 4 2 406 72 4 I Net after taxes. &c_ 5,554 --5,081 207,874 --43.520 76,137 21,803 345,697 270,630 210,482 1,706,995 110,441 665,023 Net after recite --9,050 192,998 --74,871 72,662' =7 , .8D 4 ' 301,906 190,971 61,633 Aver. miles of r'd oper. 1,186,152 72782 7 7 7 26,96V 7 274 274 274 119 120 274 119 120 EARNINGS. r3,f38-,-454 RAILWAY EARNINGS 10 New York Central Sys. (Concl.) New York New Haven & Hartford; [VOL. 115. Pennsylvania Railroad -Month of July- -Jan. 1 to July 31-! Incl, Penn. Company, Grand Rapids & Kanawha & Michigan Indiana and P. C. C. & St. L. 1922. 1921. 1922. 1921. -Month of July- -Jan. 1 to July 31-Month of July- -Jan. 1 to July 311921. 1922. 1921. 1922. 352,732 1,384,453 2,190,730 4,877,923 4,450,531 33,289,389 29,427,6211 32,384,628 31,559,250 231763758 228135074 170,139 Freight revenue _ _ 419,597 4,526,237 4,652.406 27,439,795 29.156,500 12,348,131 14,015,250 79,939.977 92,014,693 305,880 59.360 41,407 Passenger revenue_ 429,781 1,784,563 2,710,645 10,476,218 10,046,887 68,323,945 65,101,888 49,220,147 49,290,805 341028437 350139407 Fg.'Tot.,Incl. other rev. 224,021 508,374 1,620,320 1,856.929 9.383,423 10,041,361 7.838,172 6,466,980 41,593,619 42,831,232 431,802 .81.088 68,102 lizpenses-Maint.way 697,024 1,051,940 2,288,369 2,134,891 13,770,204 16,308,435 11,862,920 10,230,698 87,395,122 93,011,906 120,847 77,579 Maint. of equipm't_ 383,522 429,142. 550,475 3.990.026 4,143,809 61,737 597,340 27,558 55,923 31,880 3.867 6,117 expenses___ Traffic 987,443 4,095,406 4,205,279 27,986,860 33,595,304 20,040,691 21,634,144 128965298 158097269 726,191 125,753 97,797 Transportation exp.. 276509097 313471299 8,736,264 64.097.367 40,971,902 54.543,507 42,556.283 2,653,360 8,472,191 1,963,158 344,028 260,757 Tot.exp..incl.oth. 57,285 2.004.027 1,310,623 13,780,438 1,004,521 6,663,854 8,318,905 64,519,346 16,668,108 85,753 -178,595 Net from railroad__-_ -36,/36 2,693,101 2,765,000 395,000 2,785,187 2,677,116 14,526,660 13,962,996 241,501 384,943 189,832 30,905 25,886 Taxes 22,125 33,488 18.855 390 12,176 697 932 2,285 89 Ilncollectible revenue.. 914,926 11,075,161 -1.779.334 3,876,392 5,641,397 49,959,192 22,682,987 54,848 --368,516 --184,216 1,618,152 --62,622 Net after taxes. &c_ 14,801,97g 485,256 7,989,877 -4,251,487 3,145,433 4,53-9,18d 45, 85,071 118,515 1,094,321 68,266 -301,666 -61,029 Net after rents 10,271 10,290 1,986 1,986 176 10,271 1,985 1,986 10,290 176 176 176 Aver. miles of r'd oper. Baltimore Chesapeake & Atlantic Central Michigan New York Ontario & Western 31112. j2. to July -Jan. 2 to July 31- -Month . of -Jan.1 2i: -Month of July- -Jan. 1 to July 31- -Month of Aly1921. 1922. 1922. 1921. 1922. 1921. 1922. EARNINGS. i $ i S $ $$ S $ 640,924 604,548 6447,769 3,873,061 5,083,024 120,617 132,074 284,378 4,140,484 3,701,473 29,434,887 25,156,575 Freight revenue 255,882 235,407 73.732 819,678 1.709,551 1,942,480 68,070 673,589 1,973,932 1,889,148 10,402.099 11.760,441 Passenger revenue 920,272 874,768 8,135,797 201,013 207,466 1,655,942 6,752,713 Tot.,incl. other rev. 6,716,232 6,346,834 44,153,981 40,831,059 1,161,445 97.489 92,202 934,299 1,037,041 8,934 203,745 14,208 173,213 635,423 4,729,291 4,905,520 730,689 Expenses-Main t way 244,111 260,045 22,355 291,529 1,186,716 2,052,368 26,674 104,560 Maint. of equipm't_ 1,346,099 1,603,388 9,383,729 8,368,252 11,584 99,818 13,275 2,843 105,751 12,287 3,019 674,209 16,873 638,868 80,471 103,522 Traffic expenses 550,558 508,542 91,516 515,882 3,232,356 3.603.799 101,995 490,190 Transportation exP- 2,374,476 2,113,927 15.544,396 17.420,582 931,770 899,800 129,623 149,274 815,917 1,050,420 5.669,749 7,026,082 Tot.exp..incl.oth. 4.765,713 4,666,445 31,762,576 32,964,630 71,390 -25,032 -114111 605,522 -1,082,964' 1,109,715 58,192 345,525 1,905,519 1,680,389 12,391,405 7,866,429 Net from railroad 22,716 248,500 266,000 11,786 22,536 35,500 11,692 38,000 225,000 2,558.068 1,569,234 439,982 Taxes 11 309 5 Crl 1,013 1 29 1.707 20 10,358 383 654 17noollectible revenue.. -34,225 860,906 -47,573 815,951 59,605 569,993 46,499 6,295,488 307,508 9,822,979 1,455,006 Net after taxes, &a.. 1,509,883 726,063 511,644 64,323 --45,620 --31,728 528,461 45,759 271,625 1,394,075' 1,514,302 9,118,561 6,323,766 Net after rents 87 569 87 569 87 569 87 569 1,865 1,862 1,865 1,862 Aver. miles of r'd oper. Cincinnati Lebanon & Northern Pittsburgh & Lake Erie New York Susquehanna & West Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 311921. 1922. 1921. 1921. 1922. 1922. 1921. 1922. 1921. 1922. 1921. • 1922. EARNINGS. s $ $ $ $ $ $ $ $I $ $ $ 553,800 493,999 95,000 73,236 257,701 1,582,206 1,745,282 227,747 1,726,853 1,172,801 11,768,970 11,005,891 Freight revenue 58,565 57,674 459.425 8,658 425,111 53,165 10,827 68,865 1,827,976 1,510,322 259,664 260,223 revenue.. Passenger 642,761 609,987 111,880 347,950 2,308,850 2,505,391 90,876 333,801 Tot.,incl. other rev. 1,952,871 1,521.252 13,753,077 13,881.397 119,835 352,672 116,160 321,389 18,356 73,446 28,829 59,350 251,298 1,775,994 2,240,576 Bxpensee--Maint.way 310,133 166,995 348,223 113,032 21.513 16,540 386.986 37,200 45,117 545,333 6,550,541 4,042,718 710,743 Maint of equipm't_ 12,664 27,748 12,335 25,161 2,084 3,698 1,825 3,634 151,601 134,618 26,366 expenses 19,113 Traffic 457,682 388,986 98.311 201,384 1,333,796 1,601,073 59,449 214,476 594,547 4,787,444 5,727,029 Transportation exP747,922 779,270 2,398,953 646,456 143,177 2.135,193 325,798 108,761 333,167 1,846,548 1,482,225 13,699,580 12,688,709 Tot.ex p..focioth 106,738 -17,88-5 -3T2V -.36,46V -136,509 173,657 22,152 634 53,497 1,192,688 39,00 106,323 Net from railroad 54,087 181,018 48,108 176,584 25,833 7,703 25,492 7.191 510,016 1,533,012 262,877 28,732 Taxes 331 325 76 201 45 1,299 revenue.. 4 945 e Oncollsctibl -3,252 --74,911 -25,076 -39,000 -84,653 -191,196 --3,681 76.646 -223,854 -457,818 -340,525 --24,903 Net after taxes, Sze_ ,815 -109 51 -94,943 -45,912 37,714 065 -40.43-6' -76-,-574 309,832 1,313,483 24,169 153,504 Net after rents 70 -135 135 135 224 76 227 135 76 76 open 224 r'd 227 of Aver. miles Grand Rapids & Indiana Toledo & Ohio Central Norfolk & Western lfi 1/231- -Month of Jtly- -Jan. to July t71 to July i. -Jan. -Month of zu--J 1922. 1921. EARNINGS. 1922. $ $ $ $ $ $ $ $ 805,297 3,473,712 5,140,906 6.478,149 5,583,837 46,785,406 38,226,372 318,369 Freight revenue 905,992 4,959,377 5,879,329 429,727 539,681 838,757 80,762 64,182 Passenger revenue 929,761 4,104,275 5,924,290 7,563,344 6,787,348 53,574,695 45,978,419 419,354 Tot.. Incl. other rev. 981,929 6,764.496 6,778,345 855,094 1,026,190 1,140,832 144,124 axpenses--Maint.way 109,482 1.363,052 1.376,653 1,192,813 1,488,414 11,645,418 11,331,245 equipm't_ 243,014 180,745 Maint. of Now included in 543,080 63,955 501,323 75,958 76,348 83,425 10,316 11,285 Traffic expenses 304,491 1,890,811 2,476.331 2,382.695 2,278,087 15,757.976 18,920,945 235,039 Transportation exPPennsylvania Railroad 731,538 4,380.163 5,177,183 4,943,348 4.962,549 35,828,645 38,731,506 Tot.exp.,incl.oth. 565,319 747,107 2,619.994 1,824,796 17,746,050 7,246,913 198,223 -275,888 --145,96 Net from railroad 390,000 3,450.000 2,730,000 381,813 388,861 600,000 56,357 51,660 Taxes 3,600 5,042 256 7 36 474 17ncollectible revenue14,291,008 4,513.313 1,434,543 358.210 &c.. 141,866 ---657,708 2.019,522 --197,625 Net after taxes. 584,080 2,126,625 1,665T53 15,701,167 6,033,915 158,731 -589,843 178,621 Net after rents 2,221 2,237 503 2,231 503 2,237 503 503 Aver. miles of r'd oper. IgInf Island Norfolk Southern New York Chicago & St Louis -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31- -Month of July- --Jan. 1 to shay 311921. 1921. 1921. 1922. 1922. 1922. 1922. 1921. 1922. 1921. 1921. 1922. EARNINGS. S S $ $ S •$ $ $ 649,569 4,950,615 4,332,112 625.253 469,267 3.786,084 3,398,479 485,631 2,816,804 2,544,489 16,143,688 14,751,361 Freight revenue 944,329 2,474,686 2.446,949 10.847,018 10,380,191 829.862 880,663 758,428 209,742 155,935 • 182,020 203,118 Passenger revenue 689,400 4,872,364 4,620,807 3,365,343 3.315,432 17,329,772 16,082,566 672,139 other rev. 3,145,617 2,832,563 17,368,187 15,952,869 Tot incl.Maint.way 747,787 714,154 256,451 1.861.726 2.000,250 1,705,931 248,168 119,432 392.244 1,826,695 lixpenses-102,344 462,761 721,039 375,342 2,796,002 3,093,993 794,088 295.462 109,919 604,058 3,025.558 3,304,055 107,930 445,736 Maint of equipml.. 131,492 22,651 758,770 122,064 406,067 23,885 153,697 426,537 22,002 75,029 expenses 21,653 77,745 Traffic 272,245 2,039,246 2,204,021 1,233.550 1,141.678 7.545,617 8,166,624 273,049 Transportation exp.. 1,205,924 1,067,579 6,314,846 6,702,120 13.970,319 4,066,035 1,881,125 1.871,108 12,858.440 3,916,051 l.oth. 12,688,104 556,106 Tot.exp.,Inc 535,175 .316,362 2,238.429 12,232.929 554-;772 1,484,218 1,444,324 4,471,35'' 2.112,241 956:313 594,134 5,135,258 3,264,765 13329-4 136,96-4 829,255 Net from railroad._ 226,724 801,414 870,973 292,994 269,594 212,440 775,674 183,674 32,675 899,599 32,315 166,438 Taxes 95 19.556 720 1.179 773 25,794 492 20 1,681 117 143 Uncollectlble revenue_ 327,953 1,190,045 1,174,010 3,574,565 1,291,277 743,100 410.440 4,233,978 2,488,599 100,619 104,532 662,674 Net after taxes. &c_ 261,875 1.133'-378 1,034A1 3,114,401 964,11 566,118 375-,4-3/ 4,0T074T4 2,392,07099,685 94,613 637,16 Net after rents over. 942 398 398 398 398 930 942 1,261 1,242 1,261 930 1,242 Aver. miles of r'd & Maryland Delaware Virginia Lake Erie & Western Northwestern Pacific July i2 to July 311 41. -Month of July2 P--jM!t°ju --Nghof la. 1921. 1922. EARNINGS. $ $ S $ $ S $ $ 469,101 81,762 79,962 433,259 2,359,109 2.240,305 466,331 370,529 Freight revenue 167,472 197.732 65.036 56,086 379,469 1,552,247 1,717,038 336,454 Passenger revenue 150,529 622.742 690,195 139,242 958,643 4,351,415 4,649,417 794,030 Tot.,incl. other rev. 81,130 64,653 9,308 12,607 852,628 752,111 109,957 Expenses-Maint.wety 68,849 158,201 41,067 194,497 22,760 569,723 503,404 72,874 76,106 Now included in Maint. of equipm't_ 9,454 8,877 2,967 44,358 2,504 49.457 5,119 7,731 Traffic expenses 472,218 421.259 84,382 81,788 New York Chicago & St Louis 303.055 1,740,207 1,938,138 276,876 Transpor tation exp.. 706,729 738,616 139.940 121,918 507,726 3,157,542 3,539,768 445,858 Tot.exp..inel.oth• -48-742-i7 10,589 1,90:873 1,109,649 - 17,324 Net from railroad 10.402 12,499 229,768 5,355 6.434 329,047 46,591 49,131 Taxes 7 3 167 611 3 27 rincollectible revenue_ -60,923 -94,396 4,155 11,969 879,714 864,215 &c_ 404,323 taxes. 299,014 Net after -1.131 -103,561 -75,415 825,664 10,411 386:34o -7759-2' 281:7611; Net after rents open 82 82 86 530 82 503 507 496 Aver. miles ofr'd Monongahela Northern Pacific New York Connecting 1 to July 31--Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. .;1922. 1921. 1921. 1922. 1921. 1922. 1921. 1922. EARNINGS. 1921. 1921. 1922. 1922. $ $ $ $ $ $ $ $ $ $ 270,729 1.63%,745 1,907.167 10%,343 264,152 1,413,075 1,982,516 5,658,181 5,342,515 36,273,001 33,392,981 194,520 Freight revenue 255,949 34,969 200.860 26,550 10,104,091 revenue 9,000,559 1,789,238 1,603,650 Passenger 309.223 1.867,168 2,194,366 136,204 222,137 277,589 1,613,262 2,061,322 7,986,391 7,877,354 49.908,495 48,304,575 Tot..incl. other rev. 535.099 52,560 267,401 32,498 72,375 1,230,523 1,293,576 7,432,426 9,344,831 9,403 Expenses--Maint.way 93,031 18,632 497,460 64,670 290,679 27,684 96,302 121,315 1,042,413 1,685,810 12,087,563 11,854,044 12,621 7,648 Maint. of equipm't_ 1,384 13.913 2,497 10,675 131,120 997,669 856,929 expenses 168,941 Traffic 723,634 95,023 502.920 51,619 323,900 52,943 394,083 2,825,499 2,848,838 19,627,835 21,217,501 46,807 Transportation exp_ 461 1.8292 221.922 1,137,952 124,144 78.390 524.191 602,768 5,587,399 6,313,616 42,296,297 45,731,084 Tot.exp..incl.otb. 74.636 12,060 87,30f 1-7-72-9-216' -364,935 199,199 1,089,071 1,458,854 -43 147,501 -987992 1,563-,T3g -77612,198 2,573,491 Net from railroad 45,500 8,000 56,000 6.500 275,613 275,732 739,703 5,067,416 5,067,582 32,116 39,373 723,916 Taxes 164 164 19,180 10,991 453 2,726 Ifueollectible revenue.. 319,435 673,052 3,896 80,801 2,525,602 813,458 -2,505,082 823,582 1.182,822 &c_ 167.083 1,672,350 108.128 taxes. after Net 414,352 --28,419 44,104 555,374 974,889 4,592,553 -860,776 1=26,877 748,960 1,874,314 107,831 115,942 Net after rents 100 . 106 106 106 6,647 19 6,655 6,655 19 19 opts. 19 6,631 Aver. miles of r'd EARNINGS. -- SEPT., 1922.] RAILWAY EARNINGS Pennsylvania RR. (Concluded) Philadelphia & Reading 11 Rutland New York Philadelphia & Norfolk -Month of July1 ii. -Jan. iai. -J131 ii2. to July 312. to July 31- -Month of J4lil62. -Month of July- -Jan. 1 to July 311922. 1922. 1921. 1922. 1921. 1922. 1921. $ $ $ $ $ $ $ $ Freight revenue 709,031 435,000 3,466,756 2,650,300 3,934.131 5,601,786 35.491.190 40.641.932 222,437 231,899 1,751,049 1,842,975 Passenger revenue__ _ 101,349 110,297 540.433 712,660 143,007 847,149 151.678 935,764 5.594,044 6.526,690 819,325 862.751 Tot.,incl. other rev. 864,883 600,207 4,348,268 3,672,564 5.158.369 6,811.224 43,418.488 49,132.949 482,092 484,328 3,223,053 3,278,970 Expenses-Maint.way 58,943 42,479 399,680 89,282 363,152 714,073 97,529 824,068 5,225,546 5,804,046 633,004 655,375 Maint. of equipm't_ 177,230 149,888 1,114,169 1.016,985 1,641,064 1,653,945 11,995,446 13,744.447 64,721 97,388 618,927 751,757 Traffic expenses.. 7,525 7,235 52,926 58,308 7,865 66,183 8,917 61,454 57,548 432,231 408,775 60.573 Transportation exp_ 357.020 323,289 2,130,822 2,324.652 2,296,883 2,542,674 16,211,019 208,855 205,969 1,482,745 1,588,740 20,985.160 Tot.exp.,incl.oth. 623,702 548,430 3,855,160 3,953,101 4,872,867 5,257,230 34,935,001 42,288,527 384,083, 424,533 2,893,642 3,174,254 Net from railroad___ _ 241,181 51,777 493,108 -280,537 98,009 285.501 1,553,994 8,483,487 6,844,422 59,795' 3 2-9,411 104,716 Taxes 31,926 31,926 123,706 123,706 21,283 211,375 24,802 137,944 1,428,044 1,495.555 147,077 167,941 Uncollectible revenue_ 4 48 62 293 2 1,485 21 10,870 Cr4,944 46 94 Net after taxes, &c_ 209,251 19,803 369,340 -404,536 74,125 1,414,565 7,044,573 5,353,811 76,726 34,972 182,288 -63,319 Net after rents 165,397 -16,445 218,911 -525,471 -192,512 1,203,077 5,390.276 3.901.337 80,030 43,906 209,37V 43,635 miles of r'd oper. Aver. 122 122 122 122 1,127 415 1,126 415 1,127 1,126 415 415 Pittsburgh Cincinnati Chicago & St Louis Pittsburgh & Shavvraut St Louis & San Francisco System -Month of JulySt Louis-San -Jan. 1 to July 31Francisco EARNINGS. 1922. -Month of JA/y--Jf41 1921. 1922. 1921. 21. i2. to July 11 31$ 1922. $ S $ Freight revenue 44,758 4,575,862 68,957 4,264,165 512,467 637.886 32,369,972 31,458,192 Passenger revenue.. 3,323 3.626 37.012 42,369 1,716,449 1,873,728 10,482,566 12,219,662 Tot.,incl. other rev. 49,323 74,005 691,235 6,747,227 6,568,501 46,167,646 46,518,888 559.390 Ezpenses-Maint.way 26,936 18,392 943,551 733,096 6,735,145 5,188,228 183,528 170,953 Maint. of equipm't_ 20,749 30.239 293.464 1,344,647 1,148,452 8,847,224 8,736,256 248,678 Traffic expenses_ Now included in 2,378 89,685 1,261 13,820 77,672 11,448 594,282 598,365 Transportation exp. 20,292 Pennsylvania Railroad 28,233 193,408 271,766 2,330,767 2,509,007 16,530,891 19,216,209 Tot.exp.,Inci.oth. 76,810 85,119 685,662 801,622 4,894,270 4,650,752 33,877,133 35,024,876 Net from railroad_ __ _ • -27,487 -11,114 -126,272 -110,387 1,852,957 1,91 ,749 12,290,513 11,494,012 Taxes 7,773 7,811 8,518 325,583 299,138 2,322,357 1.948,165 8,743 Uncollectible revenue.. 2 4,389 3,399 31,670 19,738 Net after taxes. &c_ -35,260 -18.925 -134,792 -119,130 1,522,985 1,615,212 9,936,486 9,526,109 Net after rents -21.528 2,36 -58,393 65,172 1,357,118 1,541,949 9,826,074 9,412,306 Aver. miles of r'd oper. 102 102 102 4,760 102 4,760 4,760 4,760 Toledo Peoria & Western Pittsburgh & West Virginia Fort Worth & Rio Grande -Month of JA11--JfI1 1. i2 to July l 2 31-Month of July- -Jan. 1 to July 31- -Month of July41. 2. to July lg2. 31EARNINGS. 1922. 1922. 1921. 1922. 1921. 1922. $ $ S $ $ $ $ S $ S $ s Freight revenue 76,820 78.163 534.703 531,289 177,061 160,421 1,330,252 1,306,646 69,520 84,717 434,389 589,199 Passenger revenue 41,237 39,794 313,285 333,509 7,434 12,581 86,781 61,571 32,032 40,728 199,948 299,816 Tot..incl. other rev. 131,199 127.807 922,423 935,122 212,790 203,303 1,603,933 1,619,965 110,333 136,679 705,385 Expenses-Maint.way 969,173 23,620 28,699 162,487 231,348 44,676 89,274 208,609 353,578 33,565 20,973 308,060 248,811 Maint. of equipm't_ 25,843 31,583 238,485 314,476 32,881 113,566 586,960 434,821 17,540 23,110 149,639 176,072 Traffic expenses_ _ _ • 3,149 3,382 20,386 23,016 4,053 5,158 25,147 23,689 2,618 2,852 19,186 Transportation exp. 23,334 75,212 72,067 480,521 589.727 51,600 64,129 381,713 548,915 45,124 63,304 346,466 590,207 Tot.exp.,incl.oth. 135,838 143,176 956,594 1,217,420 158,784 411,140 1,221,904 1,811,026 104,581 115,476 861,431 1,086,616 railroad.... Net from -4,639 -15,369 -34.171 -282,298 =54,006 =207,83/ 382,029 -191,061 5,752 21,203 -156,046 -117,443 Taxes 11,000 10,000 77,000 70,190 27,569 28,766 183,391 166,195 3,508 3,677 24,737 Uncollectible revenue_ 25,373 56 456 Cr9 89 885 6 19 1,804 151 Net after taxes, Ste_ -15,695 -25,369 -111,627 -352,488 26,437 -236,594 198,549 -358,141 2,238 17,507 -182,587 -142.967 Net after rents -12,484 -24,552 -132,562 -322,853 51,149 -197,128 429,91 -133,022 -5,390 9,051 =220,846 -226, -3-50 Aver. miles of r'd oper. 247 247 247 247 85 85 85 85 235 235 235 235 West Jersey & Seashore Pittsburgh Shawmut & Northern It Louis San Francisco & Texas -Month of July- -Jan. I to July 31- -Month of July- -Jan. 1 to July 31- -Month of Ity--Jfl1 i1. i2. to July 31EARNINGS. 1922. 1922. 1921. 1921. 1922. 1921. 1922. 1921. 1922. 192) $ $ $ $ $ $ S $ $ $ $ 3 Freight revenue 454,093 346,200 2,681,348 2,002,082 52,521 78,724 517,151 617,787 136,858 176,600 790,073 Passenger revenue 893,873 1,125,009 - 1,277,377 4,141,023 4,756,709 5,039 5,922 45,688 51,171 16,641 16,515 105,250 128,440 Tot..incl. other rev. 1,695,476 1,689,818 7,421,416 7,233,796 61,140 86,957 585,030 683,169 158,678 198,405 Expenses-Maint.way 939,504 1,054,172 181,924 176,433 1,108,886 1,177,780 27,469 23,300 134,192 188,335 30,240 32,998 216,789 Maint. of equipm't_ 269,860 202,018 136,589 1,405,703 1,330,710 66,857 35.766 322,000 345,354 22,062 26,488 166,306 Traffic _ 217,349 16,856 16,335 106.405 94,368 1,131 1,568 11,299 10,889 3,775 3,007 Transportation 26,013 expenses_exp. 22,837 638,066 607,090 3,416,591 3,871,851 31,726 38,744 265,227 334,139 54,239 70,217 405,087 588,961 Tot.exp..incl.oth. 1,080,005 974,046 6,303,133 6,721,164 132,606105,095 780,415 928.708 117,350 139,683 861,472 1,146,216 Net from railroad.. 615,471 715,772 1,118,283 512,632 -18,138 -195.385 -245,539 4C-328 50-2 -2 Taxes 204,859 181,959 399,143 354,525 2,210 2,248 15,544 15,690 1,864 1,990 Gncollectible revenue.. 13,050 13,033 31 107 551 309 14 796 508 Net after taxes. &c_ 410,581 533,706 718,589 157,798 -73,676 -20,386 -210,929 -261,229 39,464 56,718 64,186 -105,585 after rents Net 376,434 505,193 587,141 39,203 =77,622 -19,872 -217,227 -145,306 1007 2-I -X3-7 -83-.8-18' -333,095 Aver. miles of r'd open 359 359 359 359 210 210 210 210 134 134 134 134 EARNINGS. -71.4a Peoria & Pekin Union EARNINGS. Freight revenue Passenger revenue.. Tot.,incl. other rev. Expenses-Maint.way Malta. of equipm't_ Traffic expenses...... Transportation exp. Tot.exp.,incl.oth. Net from railroad....__ Taxes Uncollectible revenue_ Net after taxes, &c_ Net after rents Aver. miles of r'd open -Month of 1922. $ 9,623 3.273 126,576 14,423 6,233 413 64,556 94,196 32,380 15,000 17,380 44,198 19 Port Reading St Louis Transfer July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31-Month of July--Jf 1. 41 2 to July 42311922. 1921. 1921. 1922. 1921. 1922. 1921. 1922. $ 3 3 S S S $ $ S 17,106 84,214 103,749 56,951 88,135 739,482 954,407 2,341 26,091 17,858 122,141 1,017,630 952,753 78,049 129,822 1,076,889 1,336,525 57,260 88,204 427,834 9,809 180,029 654.276 120,515 20,263 26,690 139,077 144,553 10,954 8,267 70,262 108,481 38,520 231,931 70,345 52,647 3,819 100,325 44,884 4,953 30,693 5,935 145 1,498 29,110 921 229 18 1,603 126 161 196 1,284 47,371 431,573 1,472 544,438 37,727 60,624 371,007 523,880 33,188 30,895 230,864 259,728 103.560 784,979 942,996 113,860 91,659 625,444 722,607 47,108 50,687 344,860 374,320 18,581 232,651 9,757 -35,811 38,163 451,44-8' 613,918 41,096 6,5'73 82,974 9,607 101,500 81,803 279,956 14,753 16,599 104,053 98,062 1,540 881 3,271 1,302 3,706 5,154 177 175 7,672 131,151 -77,200 -50,564 21,564 347,392 515,856 39,556 5,692 79,526 276,075 26,545 295,916 60,629 -75,020 -1 270 -7,769 94,811 1,726 23,238 19 19 19 243,251 21 21 21 21 6 6 6 6 Perkiomen Quincy Omaha & Kansas City St Louis Southwestern System -Month of July1 41. -Jan. to July 31- -month of July- -Jan. 1 to July 31St Louis Southwestern 1922. 1921. 1922. 1921. 1922. 1921. -Month of fAy--Jr. 1. $ . 1 to July $ lg2. $ 31$ $ $ S g 1922. 117,456 Freight revenue 91,098 637,183 657,021 36,665 73,191 374,385 498,492 1,127,153 1,128,351 8,361,190 8,171,447 11,841 Passenger revenue 13.597 56,183 69,002 23,061 23,740 165,155 181,627 139,893 147,149 905,206 1,060,530 132.493 Tot.,Ind. other rev. 108,036 717,951 754,333 69,468 107,604 600,155 735,867 1,326,660 1,332,032 9,677,898 9,627,020 Expenses-Maint.way 8,679 10,718 50,992 66,613 26,199 66,146 207,736 247,405 131,512 208,544 1,362,126 1,178,604 4,463 Maint. of equipnct_ 3,867 29,792 28,341 8,531 23,870 106,298 122,625 145,870 211,818 1,448,652 1,620,282 • 106 13 Traffic expenses_ 755 102 829 926 5,605 6,346 43,031 44,314 46,942 Transportation exp. 38,803 301,425 311,768 269,539 332,872 39,976 48,073 290,887 423,835 421,224 366,527 2,614,950 2,859,256 61,471 Tot.ezp.,incl.oth. 53.824 400,172 367,865 77,307 137,454 625,519 815,174 800,886 891,629 6,141,319 6,436.882 71,022 54,212 317,779 Net from railroad...386.468 783T-26, --850 -25,364 -79,3-07 52074 440,40d `-3,536,579 4,871 9,353 Taxes ' - 3,190,138 37,251 28,217 3,924 4,150 27,472 29,047 78,497 65,289 Uncollectible revenue.. 451,774 378,385 58 469 548 359 2,673 1,713 66,151 44,859 Net after taxes, &c.. 280,528 358,251 -11,763 -34,000 -52,894 -108,823 446,729 374,755 3,082,132 2,810,040 57,341 37,680 Net after rents 237,714 319,924 -17,528 ----.-38,535' ---=86,18 -13047 --439-;534 356,111 41 41 Aver. miles of r'd oper. 2,8687627 41 41 2,594.762 252 252 252 253 968 968 968 968 Pere Marquette Richmond Fredericksb & Potomac St Louis Southwestern Ry of Texas -Month of July-- -Jan. 1 to July 31- -Month of July-Jan. 1 to July 3111 11 2 o 2 . n th of EARNINGS. 1921. 1922. 1922. -Jf3. 2. 1 to July 1921. 1922. 1921. 1922. 1921. S $ S $ $ $ $ $ Freight revenue 2,147,410 2,434,086 16,408,719 15,397,881 451,132 467,464 3,181,064 3,292,847 462,071 489,330 3,169,270 3,226,239 681,187 2.876.442 3,443,490 Passenger revenue.. 548,212 266,129 256.281 2,054,020 2,238,681 98,001 114,019 608,939 714,253 Tot..incl. other rev. 3,019,982 3,367,884 21,227,958 20,420,823 835,263 818,324 6,242,898 6,215,709 601,677 Expenses-Maint.way 641,922 305,711 2,466,411 -2,398,457 4,039,877 4,255,635 408,353 97,714 79,573 708,188 961,136 139,264 161,819 Maint. of equipm't_ 757,604 4,381,115 4,405,774 1,282,487 642,441 72,179 1,071,193 131,348 820,234 1,039,195 110,145 151,859 1,074,891 1,191,061 Traffic expenses.. 47,369 367,270 54,771 334,825 8,860 7,833 56,891 59,488 20,103 21,245 Transportation exp. 1,075,195 1,130,969 8,202,331 9,051.811 139,330 281,003 147,689 315,960 2,175,048 2,627,103 302,422 314,339 2.109,079 2,332,972 Tot.exp.,Incl.oth. 2,283,680 2,347,715 16,198.692 17,025,403 502,517 570,345 4,087,748 5,012,511 603,080 681,282 4,815.527 5,0064 3,2 736,302 1,020,169 5,029,266 3,395,420 Net from railroad 332,746 247,979 .150 1,203,198 -174-63 -39,3-60 -775.650 -748,007 93,761 1,022,745 Taxes 143,875 638,182 52,742 37,509 347,155 241,717 24,000 Uncollectible revenue_ 24,002 13 3.372 168,000 536 2.452 168,045 244 63 714 87 338 39 805 622 926,395 4,003.149 2,754,786 Net after taxes, &c_ 591.891 279,760 210,407 1,807,281 961,394 -25,741 -63,401 -944,455 -916,674 Net after rents 845,211 3,154,247 2,409,677 . 252,206 527,563 174.446 1,463,050 65T:7 5 3 -7,521 -52,688 -886,606 -822,06. Aver. miles of r'd oper 2,212 2,227 2,219 2,235 117 117 117 117 807 807 807 807 EARNINGS. .--2-N-5-5 [VoL. 115. RAILWAY EARNINGS 12 (0=1.) Southern Pacific System (Cond.) Southern Railway System Houston East & West Texas New Orleans & Northeastern RR July- -Jan. 1 to July 31h of July- -Jan. 1 to July 31h of July- -Jan. 1 to July 31- -Mont -Mont 1921. 1921. 1922. • 1921. 1921. i.;, 1922. 1922. EARNINGS. 1922. 1921. 1921. 1922. $ $ "N" $ 190,649 1,332,447 1,195,492 223,111 6 5 2,794,18 348,693 2,501,92 147,693 1 2,566,94 339,639 3 2,252,53 282,469 418,709 53,812 47,225 641,391 544,650 Freight revenue 94,851 79,451 604,443 461,500 109,636 Passenger revenue_ _ _ 258,196 1,695,480 1,611,826 282,467 3,391,932 3,747,350 485,963 271,108 1 3,370,10 0 428,734 2,914,38 352,395 556,763 62,862 56,474 636,088 489,073 Tot.,Ind.other rev. 86,536 69,476 768,980 229,080 642,913 351,433 97,989 33,471 55,348 740,900 Expenses--Maint.way 732,554 103,049 93,341 736,610 24,687 745,809 23,655 97,617 3,534 3,407 88,401 75,257 Maint. of equipm'b_ 14,202 9,297 70,422 710,899 66,235 9,375 692,198 89,094 3 100.191 1,872,22 0 1,515,14 Traffic expenses_ 224,132 144,266 7 1,824,76 8 1,388,96 233,838 1 1,446,09 exp.. 4 Transportation 196,932 1,469,12 222,818 451,40 2,957 513 3,484,763 335,165 460,873 3,025,465 3,573,094 165,735 226,356 Tot.exp..incl.oth 61,264 59,649 258,587 434,419 34,423 -64,057 3 26,520 95,890 -111,085 -202,99 42,718 6,718 Cr21,113 307,969 268,944 51,565 Net from rallroad 36,358 92,657 1,491 95,683 390 13,250 1,141 69 2,691 833 621 Taxes 3 2,102 3,183 412 , 13 183,248 81,236 Uneollectible revenue.. 62 5178 ---164 64f :=727575 =TIMM -17,76 2 --297,75 1 ---209,95 82,228 47,201 897677' Net after taxes, &e_ 72,162 111,293 -177,000 Ad -12,366 6 -122,6 --280,02 191 3 . -292,0 191 81,447' 191 191 207 207 207 207 Net after rents 738 739 738 Aver. miles of r'd oper. Louisiana Western n Alabama Norther San Antonio Uvalde & Gulf -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 311921. 1922. 1921. -Month of July- -Jan. 1 to July 311922. 1921. 1922. 1921. 1922. 1921. S 1922. $ 1921. $ 1922. S $ $ EARNINGS. $ $ $ $ $ $ 251,344 1,615,376 1,630,310 170,002 390,474 667,478 43,923 119,294 460,052 684,506 427,152 59,522 605,544 72,781 101,388 88,000 93,867 77,828 revenue 12,559 11.784 Freight 176,031 118,480 26,685 18,597 379,004 2,386,726 2,476,29 Passenger revenue 278,533 503,139 762,621 58,296 133,669 718,593 389,851 611,505 99,095 458,618 97,023 56,604 61,296 126,029 123,244 20,447 Tot.,inel. other rev. 21,316 100,441 548,28 99,712 12,530 456,748 81,828 14,978 55,605 33,160 38,422 3,296 Expenses-Maint.way 4,360 112,878 81,252 77,64 11,960 62,335 9,211 7,985 8,837 _ 13,500 9,271 equipml 1,895 of Maint. 1,245 21,419 819,63 19,756 2,713 714,642 2,749 110,519 92,205 260,271 291,686 30,972 50,774 Traffic expenses 282,571 238,350 31,652 32,820 1,982.85 1 Transportation exp_ 1,844,96 279,803 238,893 456,996 483,738 59,941 80 465 563,737 483,311 64,812 65,828 493,43Tot.exp.,Inetoth. 541,765 39,640 997201 46,143 278,863 -1,645 53,204 154,856 188,21 1287194 34,283 165,376 32,296 23,904 23,625 28,280 Cr691 3,990 Net from railroad 19,225 1,002 19,989 2,563 1,321 13 2,865 89 13 76 4 Taxes 661 920 54 119 304,217 revenue.. 375,068 7,255 75,284 Uneollectible 22,505 250,507 -954 49,210 134,970 107,285 31,666 28,211 286,16 380,561 ' 72,486 16-,131 Net after taxes. &e_ 84,483 ---67,684 14,385 -13,166 60,450. 207 29,329 23,90 207 207 13,96 207 110 110 110 110 Net after rents 317 317 317 317 oper. Aver. miles of r'd Norgan's Louisiana da Texas RR System Pacific rn Southe Line Seaboard Air -Month of July-- -Jan. 1 to July 31 Southern Pacific 1921. 1922. -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 311921. 1922. 1921. $ 1922. 1921. 1922. $ $ $ 1. 1922. 92 1921. EARNINGS. .1 22 19 s 3,505,12 $ 5 2,981,56 $ 467,100 76 $ 344,506 59 67,466,1 64,169,6 25 10,507,301 10,593,9 173.310 1.050,229 1,167,53 2,152,120 2,022,083 17,833,418 17,253,847 3,965,486 4,440,391 25,397,127 29,725,927 153,677 Freight revenue 1 818,837 5,189,455 5,913,47 662,389 691,958 4,392,725 4,987,30 Passenger revenue 542,509 04 16,574,383 99,158,214 108541722 6 3,173,979 25,636,703 25,352,190 15,952,9 977,986 1,181.99 143,236 133,922 15,421,681 Tot.,incl. other rev. 3,210,19 8 1,979,665 2,435,197 13,596.607 2.978,56 9 2,865,85 370,466 197,548 1,026,481 1,179,63 414,780 169,174 29 .way 68 19,249,7 s-Maint 4 17,288,8 Expense 4 2,674,76 121,23 738,442 4,207.205 4,577,271 2,225,88 113,896 15,533 373,264 15,388 1,640,905 1,533,440 221,257 273,037 Maint. of equipm't_ 882,842 866,028 132,975 273,711 1,836,522 2,258,57 130,784 246,734 Traffic expenses 99 5,445,514 5.830.151 34,456,319 42,314,198 12,810,5 73 1 10,966.1 1,508,16 4 1,372,95 exp. Transportation 61:11J334 --7368773 4,221,958 4,99 ,9 48 11733-111 TONTO 71.883,98'83,901,366 --869 Tot.exp..ineloth. 2,487 129 2,918,554 20,215,953 22,578,3 170,767 25,18g 56 -58,513 24 24,640,3 0 27,274,2 47650,2 2 5,249:45 2 306,45 255,425 5,420,750 2,773,84 326,089 723,067 30,515 46,043 949,140 9,410,090 6,586,144 5 Net from railroad 1,69 1.205,000 1,050,000 1,318,95 150,000 1,481 102 175,000 258 21,078 52,890 1,569 18,137 Taxes 9,033 3,512 1,046 862 -316,83 3 TIRMII -156,80 51 -5,432 Uncollectible revenue_ . 1176773 411 4 4 2.6119,48 r7g11 9 1,714,80 8 4.212,23 104,379 547,205 - an -54'. Net after taxes, &e_ -1g 167683-,i83 -112,226 -23,622 -2r 15 3-,235-,27.1 17,1979:9 37718,168647,664 40 4,881 2.356,995 400 325,958 400 400 7,110 7,110 7,119 Net after rents 3,563 3,563 3,563 3,563 Aver. miles of r'd oper. Texas A New Wean/ Eastern Arizona Southern Railway System -Jan. 1 to July 31 -Month of July- -Jan. 1 to July 31- -Month of July Southern Railway 1921. 1922. 1922, 1921. 1922. 1921. 1921. 1922. 1 to July 31-Jan. Julyof h s -Mont s• s GS. $ EARNIN $ 1921. 1922. 1921. 1922. 501,600 3,597,797 3,602,45 8 436,366 7 1,333,89 127,165 1,529,60 258,147 88 47,710,9 23 1 49,707,3 1,094,52 6,707,98 3 1 6,373,50 1,074,57 164,788 151,601 284.861 28,501 revenue 199,310 25,975 Freight 2,714,552 2,939,207 16,831,706 18,663,957 Passenger revenue 709,639 4,971,682 4,963,43 625,022 176,424 1.794,521 1,763,422 300,453 9 10,387,467 71,915,915 72,804,252 996,683 1,132,84 161,137 140,474 330,003 36,942 220,639 47,420 Tot..Incl. other rev. 9,920,45 10,233,883 11,883,934 185,091 1,301,302 1,445,41 217,885 307,985 Expenses-Malnt.way 1,412,327 1,547,166 34,594 196,760 31,001 48 14,050,6 11 82.20 7 1,910,736 13,151,4 75,198 10,146 9,464 26,023 22,347 2,917 4.124 Maint. of equipm't_ 1,789,33 217,889 1,471,067 1,494,227 204,657 269,942 1,966,004 2,249,01 306,233 673,228 72,012 517,146 91,879 Traffic expenses 81 33,897,731 136,16 5 Transportation exp. 4,098,832 4,479,280 28,515,5 2 322 4,555,91 663 6 9 702,910 1,517,34 1,093,48 169,467 194,257 64 Tot.exp.,incl.oth. 7,885,255 ' 8,568,585 56 164,347 64,386,4 415,770 -172,72 46,3ff 24t1.076 -77,888 7i1LO3 6,9 166,-1-9t 8 137,66 2,035.204 1,818,882 15,751,568 8,417,78 158,535 17,597 21,402 153,325 Cr2,829 166,827 23,987 Net from railroad 1 2,503,65 4 3,249,67 4,75 397,826 489,705 1,758 2,997 347 807 114 543 29 Taxes 36,728 50,985 8,418 7,349 revenue.. -315,14 ible Uncollect 255,477 25,723 -99,637 91,944 534,091 9,243 82,180 9 5,877,40 09 8 12,450,9 46,846 -548,47 Net after taxes, &c_ 1.538,150 1,412,63 -1,715 434,0-11'"17783 -126,519 -=:154 6479A r----6 47 1,201,190 1,163,008 10,078,616 3,306,95 507 507 475 382 382 382 382 Net after rents 6,071 6,971 6,971 6.971 open r'd Aver. miles of Spokane International Atlantic Steamship Lines Alabama Great Southern 31 Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 1921. -Month of July- -Jan. 1 to July 31-1922. 1921. 1922. 1921. 1922. 1921. 1922. 1921. 1922. 1921. $ 1922. $ $ $ $ $ EARNINGS. $ $ S $ $ 598,46 $ 71,213 84,899 521,743 724,017 5,839,221 5,234,289 786,769 514,639 3,901.552 3,921,242 111,45 276,952 15,638 81.047 16,045 418,431 352,482 51,373 49,685 Freight revenue 195,366 1,034,115 1,200,882 172,229 738,72 92,172 633,506 105,612 Passenger revenue...._ 6 9 5,959,41 6,519,81 809,897 884,291 5 5,456,17 7 5,196,38 751,734 151,71 484,920 13,950 99,167 27,924 102,095 84,556 16,773 12,307 Tot.,incl. other rev. 828,607 594,135 104,562 58,04 81,193 8,790 10,300 55,374 353,331 1,184,012 1;442,416 Expenses-Maint.way 201,135 149,377 1,070,834 1,166,424 22,06 169,461 2,356 3,007 20,054 121,761 133,978 16,998 20,919 Maint. of equipml_ 156,566 128,053 25,167 257,73 20,645 31,834 31,584 239,305 9 3 3,883,91 3,761,12 454,565 549,997 Traffic expenses 314,879 1,996,433 2,569,824 225,421 537,37 63,259 79,410 461,257 Transportation exp. 874,318 5.349,887 5,750,529 813.689 626,464 4,000,892 4,940 979 525,381 201,35 Tot.exp-incl.oth. 26,202 28,913 172,249 208,887 70,662 -64,421 1,169.93i 515,196 125,270 1,195,495 -40,461 5,477 7,627 38,382 50,97 80,660 82,771 railroad 11,523 12,272 Net from 182,878 301,829 2 26,918 7 46,462 75 33 4,754 Taxes 1,527 3,364 146 2 150,36 23,429 18,575 133,792 Uncollectible revenue_ 7 128,194 1.082.40 -75,944 58,330 330,791 890,302 98,206 -86,925 107.53 12,135 17,633 86,421 Net after taxes, &c_ 18.925 ,11iY;08558.98D 349,986 884,042 105,320 16 165 165 -106,572 165 Net after rents 313 318 313 318 Aver. miles of r'd oper. e ne nd Seattl Spoka 15 Antonio de Portla San urg Harrisb on Galvest Cincinnati New Orleans & Texas Pacific h of Jtay--- -Jan. 1 to shay 31 Month of July- -Jan. 1 to July 31- --Mont 1921. 1921. 1922. 1922. -Month of July-- -Jan. 1 to July 31-1921. 1922. 1921. 1922. 1921. 1922. 1921. $ $ $ $ 1922. $ $ EARNINGS. $ $ i $ i 393.297 414,770 2,701.962 2,747,69 i 39 9 10,388,7 8,808,86 9 1,201,96 1 1,155,17 3 7 7,490,35 1,012,028 7,853,33 1.063.39 180,629 183,411 968.230 707,910 9 9 3,252,75 2,602,00 revenue 503,898 Freight 368,274 294,731 1,870,816 2,102,768 280,849 635,392 653.258 4,025.500 4,184,13 Passenger revenue__ _ 3 12,110,823 14,650,265 8 10,176,770 10,205,876 1,604,657 1,818,41 521,48 62,205 85,177 374,214 419,018 2,305,697 2,736,008 Tot..incl. other rev. 1,057,519 1,378,61 344,183 8 7 1,413,90 1,131,27 201,240 615,56 73,344 71,350 591,172 171,842 5 4 3,109,83 2,400,91 Expensee--Maint.way 379,099 272,155 7 0 2,633,22 2,505,69 316,613 61,71 10,303 13,563 72,450 _ 248,643 334,536 equipm't 258,638 of 39,966 Maint. 34,256 208,605 198,522 33,429 215,169 1,367.356 1,567,54 203,646 32,388 749,558 4,856,949 5,924,338 Traffic expenses 689.186 516,591 3,561,199 4,378,793 417,895 6 Transportation exp_ 2,983,77 2,602,51 414,431 549 380 35 72 12,772,4 1,679,273 10.391,0 917,369 1.116,877 7,885,967 8,878,166 1,425,251 238,827 1,422,984 1,200,3 Tot.exp..inel.oth. 254,843 139,146 1,719-,778T 1,877,830 179,40(1 261,741 2,290,803 1,327,710 594,0 95,000 588.700 140,150 84,100 297,650 353,941 41,291 Net from railroad.. 49,899 347,916 503,427 51,381 8,2 255 943 78,801 237 6,718 7,742 3,556 2,788 Taxes 125 5,908 45 173 revenue.. 598.03 833,341 Uncollectible 170,506 ,FigAz2, 94,293 1,358,068 1,573,462 126,719 979,669 1,781,468 210,315 61,176 Ire_ taxes, 118,797. 750,164 539,61 Net after 133,295 1,045,645 "TOM 30l6 93,435 '''' 247,273 1,535,137 1,024,186 549 549 -50,867 549 1,380 1,379 1,380 1,379 Net after rents oper. 338 338 338 338 Aver. miles of r'd t Transi Island Rapid States Houston & Texas Central Georgia Southern A Florida 31 1 to July 31- -Month of July- -Jan. 1 to July 1921. -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1921. 1922. 1922. 1921. 1922. 1922. 1921. 1921. 1922. 1921. $ 5 1922. $ $ EARNINGS. $ $ $ $ $ $ S 571,9 i 74,724 545,329 69,029 763,661 5,441,203 5,163,683 729,609 1,832,098 1,771,404 731,2 272,515 232,413 143.557 710,388 147.895 1 4 1,626,31 2,008,93 260,317 Freight revenue 274.550 696,724 598,100 72,746 97,181 253,284 1,408,680 1, . 256,842 Passenger revenue.. 7,173,207 275,6 388,756 2,726,291 2,616,878 1,072,628 1,101,335 7,976,854 355,287 64,436 49,515 350,384 299,420 1,491,509 1,972,359 Tot..incl, other rev. 214,400 435,645 593,104 77,890 195.3 53,584 18.389 32,958 way 216,970 --Maint. Expenses 148,627 1,591,732 1,184,180 229.668 471,500 581,535 79,935 13,2 62,337 2,372 13,527 1,812 _ 147,298 165,707 23,471 23,442 Maint. of equipm't 62,301 61,807 9,007 891,2 9,185 814,718 132,096 122,352 _ expenses 1 398,738 2,933,211 2,969,34 5 Traffic 377,151 7 1,530,14 1,184,20 209,869 167,409 229,637 220,629 1,491,123 1,469,2 Transportation exp_ 905,974 6,459,487 6,509,162 884.278 390,609 2,259,375 2.875,992 306,669 27.2-05 32,655 -82,473 -1878 Tot.exp..incl.otti. 66iOTh 195,361 1,517,367' 188,35D 466,916 -259,114 -1,853 93,0 48,618 117,000 18,000 15,000 railroad_ 291,247 305,903 28,180 44,539 117,568 120,095 Net from 17,137 3,1 18,662 3,704 158 562 1,780 393 2,366 533 103 5,616 16 Taxes 1,100 revenue_ -114,9 177 9,047 17,093 Uncollectible 371,018 8 1,209,09 166.788 143,278 2 343,732 -379,31 --19,006 28,856 5,2gf 7=7298,97g --1 -4,75i ,M7 Net after taxes. &e.. 1, 1 198,834 23 11,599 -50,'iilJ 23 23 923 923 923 923 402 402 Net after rents over. 402 402 Aver. miles of r'd Sam Antonio & Aransas Pass -Month of 1922. $ 315,525 88,410 430,591 78,430 56,127 9,250 181,931 349,884 80,70 13,654 621 66,432 60,29A 739 --37--.-73a 31.11$ -m-2ri- -,,,birran SEPT., 1922.] RAILWAY EARNINGS 13 Tennessee Central Union Pacific System Wabash Union Pacific -Month of July-- -Jan. 1 to July 31-Month of fiy1. -Jan. i2. to July 1922. l 311921. 1921. 1922. 1922. 5,702,425 6,686,057 38,577,580 41,153,284 3,430,408 3,6A,218 25,645,164 25,941.167 1,597,779 1,854,424 9.766,284 11,423,558 813,634 916,750 5.241,526 5.861.731 8,096,096 9,317,262 53,498,279 58,023,239 4,643,216 4,862,653 33,273,800 33,694,921 1,306,101 1,243,113 6,249,315 6,107,647 770,742 898,884 4,708,637 5,501,796 1,197,617 1,962,340 11,185,590 12,423,362 962,705 6,318,780 6,930,611 517,765 162.076 155,951 989,398 1,040,683 114,399 111,900 810,758 791,505 2.363,439 2,621.816 15,862,723 18,317,291 2.093,329 2,037,014 14,063,589 15,231.643 5,512,790 6,481,358 37,778,042 41,410,638 3,661,199 4,207,638 27,130,307 29,928,047 2,583,306 2,835,904 15,720,237' 16,612,601 982,017 655,015 6,143,493 3,766,874 523,857 4,022,575 3,547,484 593,874 188,557 151,001 1,319,894 1,025,005 6,273 1,173 3,337 10,191 15,589 364 1,996 1,509 1,988,259. 2,305,774 11,694,325 13.054,926 791.464 503,650 4,808,010 2,740,360 1,979,080 2.148,39g 11,532,079 12,302.080 237,998 2,963,305 1,128,175 532,868 3.707 3,614 3,683 3,614 2,472 2.472 2,472 2.472 Terminal RR Assoc'n of St Louis Oregon Short Line Western Maryland Terminal Railroad Association of St Louis -Month of July2. to July lfi31- -Month of July- -Jan. 1 to July 31EARNINGS. -Month of July- -Jan. 1 to July 311922. 1922. 1922. 1921. 1921. 1922. 1922. 1921. i 1921. $ i i 5 Freight revenue 1,851,293 1,783,123 14,419,384 13,018,963 1,050,597 1,210,634 8,250,871 9,20,843 Passenger revenue_ _ _ 8 538,505 583,541 3,106.429 3.617.480 130,527 104.195 540,931 688,838 Tot.,incl. other rev. 354,553 346.192 2,638e408 2,522,523 2,592,961 2,590,599 18.973,550 18,243,276 1,251,617 1,402.316 9,495,656 10.535,650 Expenses-Maint.way 88,465 92,301 537,619 538,983 502.154 3,046,606 3,087,304 598.177 171,089 1,208,051 1,288,157 154,411 Maint. of equipm't_ 37,282 47,053 256,677 569,783 3,746,578 3,939,383 352,184 259,132 291,049 1,926,331 2,549,534 261,488 982 Traffic expenses_ 936 43,564 7,626 320,281 39.892 7,134 38,504 303,571 233,832 30,662 195,843 116,034 Transportation exp_ 123,831 901,562 855,581 855.302 6,117,550 6,494,243 963,174 488,621 3,346,135 4,070,391 439,961 Tot.exp.,incl.oth. 250,057 276,630 1,726,259 1,917,419 2.006,515 2,154.686 14,459,405 15,100.621 962,247 1,044,896 7,179,236 8,614,621 104,496 69,562 912.14ff Net from railroad 586,446 605,104 435,91A 4,514,145 3,142,655 357,420 2,316,420 1.921.029 289,370 Taxes 46,863 59,972 381,764 278.627 284,765 1,928,515 1,839.971 333,670 310,000 60,000 40,000 410,000 Uncollectible revenue_ 4 7 717 525 73 79 5,417 953 22,692 44.520 Net after taxes, &c_ 529.668 307,294 151,069 2,580,213 1,301,731 271,361 297,420 2,006.420 1,511,029 249,370 136,941 1,346.304 1,057,684 162,58g Net after rents 292,983 102,566 2,450,431 1,083,370 256,249 1,822,559 1,720,742 260,085 Aver. miles of r'd oper: 37 37 2,359 37 37 2,359 2,359 2,359 798 804 804 804 St Louis Merchants Bridge Terminal Oregon-WashingtonRR&Navigation Western Pacific -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31- -Month of July-- -Jan. 1 to July 31EARNINGS. 1922. 1922. 1921. 1922. 1922. 1921. 1921. 1921. 1922. 1921. 1921. 1922. $ i S i i i i $ $ II 1 $ Freight revenue 1,489,650 1,353,004 10,382,905 10,557,475 660,947 4,445,916 4,708,997 775,351 Passenger revenue_ _ _ 543.864 594,841 3,193.695 3,695.622 280,818 1,300,743 1,467,356 252,307 261,410 277,296 2,042,956 2,019,880 2,274,756 2,141.709 14,973,483 15,631,698 1,102,840 1,017,930 6,193,081 6,573,620 Tot.. incl. other rev. 43,240 42,116 Expenses-Maint.way 283,389 528,572 505,006 3,311,593 3,356,747 326,451 216,680 1,088,978 1,249.500 193,617 31,842 29,879 Maint of equipm't_ 186,320 371,729 370,314 2,875,633 2.849,070 183,135 186,131 1,147.496 1,379,606 171,478 867 936 Traffic expenses 6.784 66,798 55,828 7,061 424,020 424.441 226,803 29.084 34,813 221.150 132,887 145,852 Transportation exp_ 983.872 1,184,528 992.958 916,300 6,748,292 6,848,374 371,645 2,439,914 2,641.906 392,613 213,152 224.865 1,492,588 1,749,522 2,116,196 2,004,736 14,431,419 14,659,301 Tot.exp.,incl.oth. 858,822 5,308,727 5,928,647 853,436 48,25g 5,431. 550,368 158.560 136,973 Net from railroad__ _ _ 270,358 542,064' 972,397 884,354 159,108 644,973 249,404 17,630 16,027 133,560 Taxes 180,951 180,621 1,268,372 1,267,698 104,328 594,595 539,217 94,744 76,170 2 278 Uncollectible revenue_ 80 227 185 209 648 381 21 551 79 30,628 36,402 416.530 Net after taxes, &C. 165,821 --22,471 --43,833 --726.535 --295,949 289,378 105.205 64,343 173,155 -----WM 54,9335-5-0:851 Net after rents 277,975 --96,900 --148,806--1.259,694 --891,313 457,038 426,861 78,258 172.327 9 9 2,237 9 Aver. miles ofr'd oper. 2,223 9 2,226 2,223 1,011 1,043 1,011 1,045 St Joseph & Grand Island Texas & Pacific Western Ry of Alabama -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31EARNINGS. 1922. 1922. 1922. 1921. 1921. 1922. 1921. 1921. 1921. 1522. 1921. 1922. $ $ $ 5 3 3 IIS i 1,530.572 1,803,809 11,329,437 13.916,174 Freight revenue 189,313 255,131 1,451,654 1,486,284 80689 114,422 120,517 768,645 728,420 4,057,616 5,250,816 Passenger revenue 615,465 24,924 30,358 177,450 212,036 444,209 78,142 72,986 513.215 Tot.. incl. other rev. 2,313.990 2,711,116 16.684,795 20,551,607 233,676 303,956 1,739,296 1,814.079 208,783 1,411.397 1,422,900 216,665 Expenses-Maint.way 412,060 407,083 3,094,429 3,632,961 63,670 116,870 322,000 376,870 179,254 32,576 30,469 207,744 332,467 Maint. of equipm't_ 30,033 344,315 3,217,719 4,097,039 45,278 324,133 341,384 311,819 48,871 32,964 386,248 54,470 Traffic expenses_ 2,779 46,929 335,687 2,976 17,922 369,740 18,994 59,319 9,022 56,582 8,786 Transportation exp_ 987,849 6,428,774 8,484,688 875,060 107,566 118,718 772.761 856,764 543,136 469,669 69,742 70,937 Tot.exp..incl.oth. TT'ir.rn4 1,897,913 13,861,458 17,487,468 215,722 295,360 1,520,660 1,696,709 156,058 174,251 1,118,013 1,295,267 17,954 813,20A 2, 27173-V7 3,064,130 542.216 8,596 218,636 Net from railroad_ _ 117,370 293,384 127,633 34,532 60,607 100,000 Taxes 11,611 16,189 127,616 124,446 775,365 893,312 88,456 6,159 15,811 58,962 70,035 Uncollectible revenue_ 1.245 190 1,106 1.716 188 4,391 1,512 7 1 -4.260 Net after taxes. &c_ 1,765 684,481 2,046,256 2,166,436 442,026 94,002 27,402 68,671 223,342 28,373 44,795 Net after rents -8,579 --21,470 614,620 1,568.317 1,435,89g 388,011 30,536 -92,728 27,495 225,631 45,297 82.837 Aver. miles of r'd oper. 258 258 1,952 1,952 1,952 258 1,949 258 133 133 133 133 -Month of July- -Jan. 1 to 1922. 1922. 1921. $ $ $ 107,495 111,379 Freight revenue 979,315 59.686 47,767 Passenger revenue.288,611 170,180 178,526 1,363,911 Tot.,incl. other rev. 48,739 32,750 Expenses-Maint.way 238.508 10,578 37,624 Maint. of equipm't_ 211,791 6,027 4,443 Traffic expenses 37,959 82,554 Transportation exp_ 705,274 84,459 142,612 Tot.exp..incl.oth. 185,814 1,275,463 '--7,288 27,56g 88,448 Net from railroad_ _ _ _ 5,083 4,583 Taxes 29,147 247 176 Uncollectible revenue.. 1,819 22,309 -12.118 57.482 Net after taxes, &c_ -2,760 -18,905 ---:=76707 Net after rents 292 292 Aver. miles of r'd oper. 292 EARNINGS. July 311921. $ 925,556 351,631 1,356,922 312,438 281,418 33,261 759,811 1,466,218 -109,296 33,335 413 -143,044 -268,337 292 6 11. s Toledo St Louis & Western EARNINGS. Freight revenue Passenger revenue__ _ Tot.,incl. other rev. Rxpenses-Maint.way Maint of equipm't_ Traffic expenses Transportation exp_ Tot.exp.,incl.oth. Net from railroad Taxes Uncollectible revenue_ Net after taxes, &c_ Net after rents Aver. miles of r'd oper. -Month of 1922. 82S 7,290 39,932 907,968 121,727 129,479 21,280 279,344 571,375 1336,591 48,000 288,593 38,150 454 Freight revenue Passenger revenue Tot..incl. other rev. Expenses-Maint.way Maint. of equipm't_ Traffic expenses_ Transportation exp.. Tot.exp.,incl.oth. Net from railroad Taxes Uncollectible revenue_ Net after taxes, &c. Net after rents Aver. miles ofr'd oper. -Month of 1922. $ 53,793 117,030 209.437 23,460 13,613 5,893 100,542 153,854 55,583 6,003 49,580 45,581 128 Freight revenue Passenger revenue Tot..incl. other rev. Bxpenses-Maint.way Maint. of equipm't.. Traffic expenses._. Transportation exp_ Tot.exp.,incl.oth. Net from railroad Taxes Uncollectible revenue. Net after taxes. &c_ Net after rents Aver. miles of r'd oper • Vicksburg Shreveport & Pacific July- -Jan. 1 to July 31- -Month of 1921. 1922. 1922. 1921. $ i 79,529 411.304 138,787 452,204 137,997 274.912 95,912 296,551 249,235 922.964 256,073 933,814 18,829 139,451 54.157 127,626 25,429 142,101 30,328 170,765 4,824 20,680 9,616 22,945 100,063 465,131 113,452 525,284 157,631 828,004 226.777 910,250 91,604" 94,960 29,296 23,564 6,737 42.050 17,279 49,140 219 70 84,867 52,091 -25,576 11 947 75,65g25,678 -5/,93g 6,975 128 128 128 171 S Union RR (of Pennsylvania) EARNINGS. s Wheeling & Lake Erie July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 31- -Month of July- -Jan. 1 to July 311922. 1922. 1921. 1921. 1921. 1922. 1921. 1921. 1922. 1922. 1921. S $ $ S 5 5 666,440 5,318,632 4,658,414 159.133 58,261 612,722 905,042 984,507 1,274,907 6,918,383 7,047,056 194,257 38,688 544 214,786 713 5,151 3,781 497,882 80,284 577.306 87.206 736,597 5,814,225 5,094,485 160,449 65,584 920,980 626,445 1,182,134 1,477,255 8,005,064 8,226,180 133,174 725,265 31,889 830,246 28.885 140,031 148,038 207,858 1,198,323 1,125,816 200,370 120,735 951,281 1,135,571 29,039 22,586 244.894 239,577 313,576 1,605,903 1.882.283 208,341 21.049 150,713 143,822 321 310 2,482 2,509 128,985 12.400 98,477 25,320 266.353 1,862,688 1,971,652 35,795 27,683 207,448 179,407 457,950 2.811,976 3,323.700 438,099 556,103 3,865,570 4,193,n8 101,338 82,993 628,138 588,760 908,594 1,030,965 6,007,530 .6.a0i671 180,494 1,948,655 59.111 -17,409 900,667 292,842 37,685 446,290 1,997,534 1.485,50 273,540 36,000 330,000 6,143 242,543 8,047 44,996 57,638 795,241 76,468 108,463 532,146 1,071 6 2 4 421 6 72 97 144,494 1,617.584 52,968 -25,456 658.118 247,844 -19,957 569,816 1.201.872 953,291 164,980 110,972 1,423,701 492,078 -35,510 161,953 • -65,850 769,130 318,907 1,054,123 121,982 454 454 102 98 454 102 98 511 511 511 511 Ulster & Delaware EARNINGS. Utah s Wichita Falls & Northwestern July- -Jan. 1 to July 31- -Month of 1921. 1922. 1921. 1922. i 216,077 1,353,270 1,614,631 97,486 92,935 635,281 627,282 25,828 323,502 2,137.389 2,370,790 136,052 46,700 406,848 401,932 30,423 44,334 530,785 506,522 13,013 9,554 72,227 68,159 745 119,554 834,650 964,014 51,586 234,785 1,757,192 2,057,303 102,232 88,717 ' 380,199 313,487 33,820 16,282 135,155 106,947 10,833 127 1,483 898 27 72,308 243,559 205,642 22,960 60,637 188,356 115,879 3,487 171 171 171 329 Virginian Yazoo July- -Jan. 1 to July 311921. 1921. 1922. s $ $ Alin 336,588 596,180 1,226,555 36,134 212,582 156,602 380,594 819,734 1,505,588 45,538 257,940 189,736 229,615 31,531 132,643 7.090 798 6,396 563,769 97,350 365,225 754,036.1,110,124 181,349 395.464 65,698 199,245 76,066 83,014 10,866 0262 983 34 188,345 -18,299 319,136 164,367 -131,679 178,109 329 328 328 Mississippi Valley & -Month of July- -Jan. 1 to July 31- _Month of July- --Jan. 1 to July 31-- -Month of July- -Jan. 1 to July 311921. 1922. 1922. 1922. 1921. 1921. 1922. 1922. 1921. 1921. 1922. 1921. S $ $ 3 $ 3 5' i 5 1,227.140 1,324,992 10,678,321 9,779,980 7,338,794 8,462,608 955,133 1,073,059 75,846 101,538 452,986 564,001 357,925 2,121,467 2.429,870 333,830 733,869 6,240,165 5,719,053 1,415,114 1,549,525 11,900,312 11.146,174 1,367,427 1,503,486 10,096,046 11,497,666 1,168,898 66,969 503,682 85,543 437,748 166,143 242,413 1,278,972 1,406,281 332,664 2,378,038 2,340,830 344,380 234,167 1,265,817 1,625,602 172,755 261,506 262,388 2,765,071 2,205,305 382,246 1,986,737 2,434,106 277,114 185 1,664 1,824 11,867 169 9,940 81,308 183,935 73,682 177.789 23,339 28,927 281,916 2,506.026 2.877.136 407,207 415,120 424,234 2,610.215 3,310,884 632,095 4,248,585 5,254,019 572,979 589,688 4.V6.q4fi 4.997,714 878,562 681,271 961,485 6,952,971 7.202,547 1,264,867 1,415,676 9,128,318 10,586,745 144,181 '1,916,187 /21,669 487,62/ 536,552 588,040 4,947,341 3,943,627 967,728 87,810 102,560 910,921 95,575 7,666 67,162 130,509 15,085 105,723 782,275 827,839 690,747 119,639 117,180 765,897 3,255 24 13 164 1,449 229 27 791 158 136.515 1,817.594 650,922 472,542 406,019 482,304 4,164,902 3,252,651 -14,778 -31,856 138,440 144,233 183,285 2,224,512 1,030;784 545,354 404,219 • 484,224 4,237,441 3,401,524 -14,317 -35,956 128,597 113,317 45 45 45 45 526 526 526 526 1,381 1,381 1,381 1,381 [VOL. 115. RAILWAY EARNINGS 14 COMPANY RETURNS Commerce CommisAll the figures-in the foregoing pages are transcripts of the monthly returns as filed with the Inter-Statethese company statesometimes and of own, their statements monthly issue also companies railroad few don at Wasbingtoi. A of companies number a this, Besides n. of items informatio give n added and Commissio the of ts ments go beyond the requiremen the Comwhereas whole, a as system for the , results showing d statements ssue consolidate Railroad-i -notably the Pennsylvania road separately. constituent each from merce Commission requires returns complete record of all monthly It is our purpose that each issue of the "Railway Earnings Section" shall furnish an absolutely Accordingly, we bring toStates. in United steam the any by railroad out put be may that issued, returns, in whatever form n, or where they embrace Commissio the to way any the returns from in differ they where statements gether here all the company more facts than are contained in such returns. to the Commerce Commission, It should be distinctly understood that where the company statements are identical with those rendered must look for the figures reader the cases In such repeat them to here. undertake not do we items, and do not include any additional to the Commission. returns to monthly make obliged is that every road steam include which pages, preceding on among the detailed statements Bellefonte Central -Month of 1921. 9,259 7,214 2,045 120 1,925 Gross receipts Operation Net Interest and taxes Surplus July- -Jan. 1 to July 311921. 1922. 1920. 40,976 56,155 4,572 52,534 46,388 5,861 -11,558 9,766 -1,288 1,407 840 201 8,926 -12,965 -1,489 Canadian Pacific -Month of July- -Jan. 1 to July 311921. 1922. 1921. 1922. 14,463,834 15,772,929 90,759,193 99,828,600 ,824,118 78,983,21384 13,718.613 12,501,926 1,961,908 2,054,315 11,775.979 15.004,482 Gress earnings Working expenses Net profits Fonda Johnstown & Gloversville -Month of July- -Jan. 1 to July 311921. 1922. 1921. 1922. $ $ $ $ 263,576 265,665 35,686 34,107 24,618 20,829 8,411 5,872 465,270 476,573 64,578 65,965 17,255 24,997 1,349 3,352 8,325 6,420 1,608 1,182 779,047 794.487 111,633 110,479 521,206 471,373 71,085 69,584 257,840 323,113 40,547 40,895 39,025 40,425 5,575 5,775 218,815 282,688 34,972 35,120 -4,005 2,588 6,698 8,359 214,810 285,277 41,670 43,479 23,991 22,768 3,062 2,662 238,802 308.045 44,733 46,142 4,725 4,725 675 675 25,447 28,993 3,662 4,396 186,229 185,844 26,604 26,549 6,227 3,284 857 2,861 -9 2,706 225,490 225,554 31,799 31,611 13,311 82,491 12,933 14,531 Operating IncomeFreight revenue Passenger revenue-steam division Passenger rev.-electrlc division _All other rev, from transportation_ Rev,from other railway operations Total operating revenues Railway oper. exp.(not inol. taxes) Net rev,from railway operations Railway tax accruals Railway operating income attLscel. oper. Income (or loss) Total operating income crns-operating income f Gross Deduct-Rents for leased roads Other renta accrued-debits_,.,. Interest on funded debt Interest on unfunded debt Miscel,inc. charges (Fed. taxes) Total deductions from gross inc., Net income St. Louis-San Francisco (Including Subsidiary Lines) -Month of July- -Jan. 1 to July 311921. 1922. 1921. 1922. 5,165 5,165 5,165 5,165 Mileage $ $ $ $ 4,789,368 4,528,214 33,619,296 32,973,463 Freight revenue 1,768,721 1,936,430 10,815,836 12,679,962 Passenger revenue 458,375 '3,532,475 3,017,298 483,306 Miscellaneous revenues 7,041,395 6,923,019 47,967,607 48,670,723 Total operating revenues 793,232 7,323,835 5,749,919 Maintenance of way and structures 1,013,745 1,387,498 1,201,349 9,185,265 9,159,371 Maintenance of equipment 2,441,477 2,656,221 17,362,128 20,508,300 Transportation expense 279,352 1,902,813 2,037,631 295,950 Miscellaneous expenses 5,138,670 4,930,154 35,774,041 37,455,221 Total operating expenses facility Taxes, hire of equip . feint 402,025 2,520,060 2,337,158 493,703 rents (less ether Income) Balance available for rentals, sink. 1,409,022 1,590,840 9,673,506 8,878,343 funds, fixed charges. &c St. Louis Southwestern (Including St Louis Southwestern of Texas) -Month of July- -Jan. 1 to July 311921. 1922. 1921. 1922. $ $ $ S 1,928,337 1,973,953 13,717,776 13,882,654 Operating revenues 11,440,525 10,956.846 1,572,910 1,403,966 expenses Operating 401,043 2,760,929 2,442,130 524,371 Net revenue 548,763 623,251 89,688 Deduct tax accr. & uncoil. ry. rev- 103,382 2,137,677 1,893,366 311,355 operating income 420,988 Railway 549,687 582,848 85,398 123,431 Add non-operating income 396,754 2,720,526 2,443,054 544,419 Gross income 277,237 2,003,424 1,954,981 295,418 Deduct interest, rentals, &c 488,073 717,102 119,517 249,000 Net income Southern Pacific -Month of July- -Jan. 1 to July 311921. 1922. 1921. 1922. 11,184 11,224 11.184 11,224 Average miles of road operated__ $ $ $ $ Revenues(Including Yazoo & Mississippi Valley) 14,688,890 14,895,324 95,797,332 99,973,907 Freight 5,140,284 5,795,089 33,674,186 38,713,459 -Month of July- -Jan. 1 to July 31- Passenger 1921. 315,398 1,992,097 2,135,181 280,454 1922. 1921. 1922. Mall 630,829 3,645,755 4,426,182 545,827 13,237,325 13,068,617 91,739,064 91,939,543 Express Railway operating revenues 412,581 3,263,700 3,366,337 488,482 after income, n All other transportatio Net railway operating 575,405 3,291,702 4,195,303 516,670 1,648,274 1,705,034 13,148,268 11,933,272 Incidental deducting oper. exp.,taxes, &c 98,433 14,110 6,644 155,978 Joint facility-Credit 32,922 -9,745 3,765 -28,559 Joint facility-Debit The Kansas City Southern 152875,872 1,664,974 141792,193 22,627,508 revenues____2 Railway operating (Including Texarkana & Fort Smith) Expenses-Month of July- -Jan. 1 to July 31- Maintenance of way and structures 3,009,528 3,672,285 20,794,072 24,023,667 1921. 1922. 1921. 1922. 3,475,888 4,098,731 25,904,576 28,776,836 Maintenance of equipment 1,506,357 1,803,086 11,216,734 12,859,406 Traffic 393.845 343,892 2,504,063 2,475,372 Gress revenue 1,127,103 1,276,142 8,389,071 9,420,789 Transportation 7,935,808 8,281,815 51,990,266 62,088,536 Operating expenses 351,683 378,920 2,264,098 2,569,806 526,943 2,827,662 3,438,616 Miscellaneous 379,254 Net revenues 688,173 703,126 4,736,674 5,070,228 589,302 General 750,518 84,186 105.749 Taxes 247,598 -38.468 Cr 25.871 -208,700 442,757 2,077,144 2,849,313 Transp'n for investment273,504 Operating income Railway operating expenses--15,816,458 17,452,900 107985,051 124756,850 Income5,848,515 5,174,607 33,807,141 39,495,260 Missouri Kansas & Texas Net rev,from railway operations 1,570,244 1,060,778 11,093,995 8,133,392 -Month of July- -Jan. 1 to July 31- Railway tax accruals 39,643 22,233 72,854 10,314 Uncollectible railway revenues__ -1921. 1922. 1922. 1921. 374,256 rents 634,250 1,891,478 2,896,837 (net) Equipment 3,783 3,783 3,737 3,737 602,361 Mew operated (average) (net) rent -7,545 30,593 -183,038 4,294,125 5,601,772 29,685,622 35,931,114 Joint facility Operating revenue 2,901,245 3.789,315 20,727,510 29,381,663 Net railway operating income- 3,889,327 3.453,455 20,931,851 16,812,874 Operating expenses for expenses back pay account of operating August 1920 8,958.111 Included 1,812,456 6,549,450 1,392,879 Railway Net operating revenue 214,502 1,663,916 1,343,469 Labor Board award amounting to $6,029.000, also the amount of reserves set up -- 257,754 Taxes seemed month that of for account liabilities applicable accounts various 1,597,953 5,205,981 7,294,195 unaudited 1,135,125 the in Operating income 968,392 to the guaranty period. 111,538 664,606 71,632 Deduc. from income, less other inc 4,237.589 6,629,588 1,486,415 1,063,492 Balance Illinois Central System Pennsylvania System -Month of July--Jan. 1 to July 311921. 1921. 1922. 1922. S $ Revenues33,526,398 240084,474 245333,458 34,592,963 Freight 16,300,243 18,117,296 96,661,501109156,042 Passenger 904,631 6,050,089 8,022,358 824,484 Mall 902,207 7,557,166 5,324,087 1,041,008 Express 1,338,537 1,274,579 8,318,944 7,492,699 All other transportation 1,892,722 1,165,069 11,064,797 12,094,963 Incidental 272,601 61,162 56,104 335,979 Joint facility-Credit 160,415 39,621 134,546 25,996 Joint facility-Debit 375098,141 55,911,721 382376,056 5 Railway operating revenues---56,020,06 Expenses8,440,125 7,031,362 45,660,297 47,033,277 Maintenance of way and structures12,643,764 11,028,217 93,634,761 99,422,191 Maintenance of equipment 606,560 4,322,538 4,473,740 onn,tllu Traffic 144501,011 175127,468 21,262,395 22,691,541 Transportation 816,794 5,582,468 5,822,962 935,523 Miscellaneous operations 1,434,538 10,117,692 10,793,360 1,453,349 General 321 13,182 39,283 1,293 Transp'n for investment-CreditRailway operating expenses. 46,818,919 45,037,845 303805.585 342633,715 10,873,876 71,292,556 39,742,341 Net rev,from railway operations 9,201,146 3,408,162 3,265,256 16,343,040 15,721,130 Railway tax accruals 42,885 60.603 -2,828 3,501 revenues railway Uncollectible 5,789,483 7,601,808 54,888,913 23,978,326 Railway operating income 7,186,986 5,261,437 1,576,906 debit 756,280 -Net Equipment rents 337.572 1,295,218 143,104 109,858 Joint facility rents-Net debit 4,923,345 5,891,798 49.289,904 15,496,122 Net railway operating income Union Pacific -Month of July- -Jan. 1 to July 311921. 1922. 1922. 1921. 9.365 9.411 9,442 9.366 Average miles of road operated__ $ $ $ $ Operating Revenues10,056,129 10,789,066 70,444,581 71,914,857 Freight revenue 3,146,325 3,555,188 19,041,619 22,130,906 Passenger revenue 335,934 2,442,775 2,534,584 359,109 Mail revenue 334,646 2,379,863 2,414,601 Express revenue 360,463 396,293 2,469,557 2,540,344 383,320 All other transportation 264,530 1,752,422 1,953,096 Incidental 293,967 Railway operating revenues_ -14,599,313 15,675,657 98,530,817 103488,368 Operating ExpensesMaintenance of way and structures 2,680,778 2,646,532 14,963,271 15,033,858 Maintenance of equipment 2,183,365 3,260,307 20,369,076 21,599,876 298,008 2,070,602 2,126,727 331,062 Traffic Transportation 4,762,939 4,933,748 32.379,767 35,698,107 358,393 2,112,466 2,230,305 Miscellaneous operations 368,091 593,794 4,145,666 4,377,937 548,969 General -8,225 -20,079 -51,275 -47,714 Transport'n for investment-Cr Railway operating expenses,, -10,866,979 12,070,703 75,989,573 81,019,096 Income3,732,334 3,604,954 22,541,244 22,469,272 Net rev,from railway operations Railway tax accruals 1,165,651 1,096,211 7,992,869 7,322,343 12,460 1,785 9,265 6,562 Uncollectible railway revenues__ 2,564,898 2,502,181 14,539,110 15,134,469 Railway operating income Equipment rents, not -77,145 -297,917 -708,348-1,470,503 -54,762 -56,131 -399,622 -401,056 Joint facility rent, net 2,432,991 2,148 133 13,431,140 13,262,910 Not 78.29 77.12 74.00 Oper. ratio (revenues over exp),,,, 7t.00 NET INCOME UNDER GOVERNMENT CONTROL AS COMPARED WITH THE GUARANTEED RENTAL. From tabulations prepared by the United States Railroad Administra tion we have compiled the following statement showing for all of the Class 1 roads-that is, all roads whose gross annum-the Net Federal Income for the calendar years 1919 andrevenues from railway operations exceed $1,000,000 per 1918, in comparison with the "Standard Return," or Government Guaranteed Rental. The compilation enables any one to see whether during the period of Governmen t control any given road was operated at a loss or profit to the Government and the extent of such loss or profit. It will be observed that only in a few exceptional oases did the Government derive a profit from the operation of the roads. The Standard Return represents the average net income for the three-year "test" period, that is, the three years June 30 1917, this being the income which the Government agreed to pay to the roads as compensation for the use ofending their property. The 1919 and 1918 figures of Federal Net Income, the Railroad Administra tion states, have been taken from the monthly returns which the roads are required to file with the Inter-State Commerce Commission and which are given from month to month in this publication. The figures referred to represent only the last full details for the different roads, including gross revenues, expenses, &e., item in these returns. Any one desiring the will find them in the issue of this publication for March 13 1920. Average -Net Federal Income- Standard Miles Return Eastern Region. of Road. 1919. 1918. Entire Year New England District -$ Bangor & Aroostook 632 107,731 607,177 1,555,775 Boston & Albany 394 1,951,199 2,232,916 4,063,131 r ----- ...- AA nine 2,376 3.577,108 1.895,400 9,832,491 England 301 6ef163,138 57,768 1,468,124 Central Vermont 536 def87/ 205 def689,469 823,625 Grand Trunk in New England 172 def766,5/4def 1,105.677 def4,271 Maine Central 1,216 def1.212.203 def58/,78/ 2,955,697 N. Y. N. H.& Hartford 1.966 6.929.382 7,769.005 17,173,367 Rutland 415 223,058 42.165 1,023,883 Total 8.008 9,775,418 10,227,504 38,901,093 Central DistrictAnn Arbor Buffalo Rochester & Plash_ _ _ Delaware & Hudson Delaware Lack.& Western Detroit & Mackinac Detroit & Toledo Shore Lino_ Erie (incl. Chicago & Er4e) Grand Trunk Western LinesLehigh & Hudson River Lehigh & New England Lehigh Valley Michigan Central Monongahela New York Central N. Y. Chicago & St. Louis N. Y. Ontario & Western___ N. Y. Susquehanna & Western (Incl. W.B.& E.) Pere Marquette Pittsburgh & Lake Erie Pittsburgh & Shawraut Pittsburgh & West Virginia Ulster & Delaware Wabash 301 575,137 175,013 526 883 590 def/.075,870 1,086,378 3,276,410 875 2.054,575 2,451,695 7,409,600 996 11,809,921 15,973,193 15,749,477 382 def89.596 34,304 310,664 62 916,852 467,806 456,512 2,259 1.036,370 def2.246,652 15,729,068 1.002 2,309,600 203,930 1,076,017 97 395,718 363,664 519,371 232 927,354 1,197,761 1,135,761 1.436 3.776.291 6,821,131 11,818,714 1,862 16,969.157 13,692,230 8,052,127 108 1,041,104 650,615 583,086 5.682 48,201,701 46,035,695 51,739,500 574 4.048,631 3.893,167 2,218,857 569 795,047 576,100 2,103,589 226 6ef185.671 524,551 999,942 2,232 6,717.880 3,851,485 3,748,196 225 3,501.821 9,880,183 6,980,219 103 def177.302 130.435 613,261 63 def648,908 def319.631 237,010 129 def/.52,754 def57,775 128,009 2.504 864,445 3.714,172 5,826,810 Total 22.511 103,611,503 109,099,456 142,739,083 Ohio-Indiana DistrictChicago Indianapolis& Louliv 657 415,931 1,620,259 747.799 Cincinnati Indianap & West 322 def590,797 def/58,387 422,213 Cincinnati Northern 252 493,591 317,628 257,750 Cleve. Cin. Chicago & St. L_.. 2.397 12,981,513 14.751,312 9,938,597 Detroit Toledo & Ironton 456 def710,545 def717,087 225,895 Rocking Valley 350 1.444.287 2,637,167 2.614,670 Kanawha & Michigan 177 171,233 1,290,141 1,658.827 Lake Erie & Western 903 6ef39.034 397.292 1,548,542 Toledo & Ohio Central 436 def117,097 1,086,651 826,951 Toledo St. Louis & Western 454 760.549 1.248.218 994,294 Wheeling & Lake Erie (incl. Lorain & West Virginia) 1.099.856 537 1,192,764 1,723,315 Total 6.941 15.909.487 22,820,109 21,809,702 Grand total. Eastern region_ 37.460 129,296,408 142,147,069 203,449,878 Allegheny Region. Baltimore & Ohio (incl. Coal & Coke) Bessemer & Lake Erie Buffalo & Susquehanna Central of New Jersey Cumberland Valley Grand Rapids & Indiana Long Island N.Y.. Philadelphia & Norfolk Pennsylvania East Pennsylvania West Philadelphia & Reading Pittsb. Cm. Chic. & St. Louis Staten Island Rapid Transit Western Maryland West Jersey & Seashore Total Pocahontas Region. Chesapeake & Ohio (incl. C.& O. of Ind) Norfolk & Western Virginian.. Total 5,066,914 5.152 225 2.005,600 297 6ef409,326 685 1.408,885 164 447.030 570 455.093 398 2.445,212 122 648,692 5.381 8,042,568 1,755 5,786,456 1,629 5,431.888 2,384 def2.505,510 24 68,655 698 def131,265 361 11,927 28,031,146 4,713,564 591,613 9,352,301 1,228,957 929,385 3,221,949 996,051 51,416,782 14,992,785 17,057,230 11,334,094 356,824 3,079,593 952,682 19,845 28.772.799 63,634,490 148,254,966 2,506 7,523.378 17,060,651 2.088 10,133.638 18,804.782 523 2,555,230 1,952,872 13,266,983 20,634,142 3,247,603 5,117 20,212,246 37.818,305 37,108,728 Central Western Region. 378 Arizona Eastern Atch. Topeka & Santa Fe_ __ _ 9,444 1,051 Chicago & Alton Chicago & Eastern Illinois_ 1.131 Chicago Burlington & Quincy 9,621 (incl. Q.0.& K.C.) 247 Chicago Peoria & St. Louis_ _ _ Chicago Rock Isl. & Pacific 8.055 (incl. C.R.I.& G.) 374 Chicago Terre Haute & S.E 1,100 Colorado & Southern 2.593 Denver & Rio Grande 255 Denver & Salt Lake 1,028 El I'aso & Southwestern 454 Fort Worth & Denver Oity 1.168 Los Angeles & Salt Rake Northwestern Pacific 530 Oregon Short Line 2,348 St. Joseph & Grand Island_... 259 Southern Pacific (Pacific Sys.) 7.048 Toledo Peoria & Western 248 "[Wen Pacific 3,614 Western Pacific 1.027 It.tal ri Totm _ 1.973 7,193.1 31 4,940,006 113.043 6,375.183 1.848.302 254,42.5 3,915,059 990.008 19,952.680 4,464,444 11,298,842 2,878,717 33.941 def479 293 def143,998 588,433 40.060.757 def244,895 def423,466 1,479,821 41,709,460 1,817,094 1,560,806 1,242,475 39,867,072 3,178,315 2,946,001 25,428,088 def868.05/ 25,089,199 def528.860 33,390,080 127,540 9,067,41. def277,660 1,644.897 6,113,737 def945.793 2,993,415 2,912,058 3,353.127 1,103,594 10,754.273 def48.318 32,677.799 def217,656 32,873.256 3,575,968 9,217,002 769,487 2,868,352 5.492,884 def961,458 4,945,206 1.824,785 2.791,315 1,485,017 10.723,916 def103,787 34.016,787 def4,377 35,629,321 2,604,528 15,880,681 92.2,785 2,481,212 8,319,377 353,290 4,145,102 1,691,386 3,414 751 1.335,000 10,204,519 973,811 36,171,354 159,740 23,670,741 1,900,350 170,121.574 182,426.498 191,978,682 Average -Net Federal Income- Standard Miles Return of Road. 1919. Entire Yea? 1918. Northwestern Region. Chicago & North Western__ 8,090 Chicago Great Western 1,496 Chicago Milw & St. Paul_ 10.647 Chicago St. Paul M.& 0 1.749 Duluth & Iron Range 289 Duluth Miseabe & Northern_ 411 Duluth South Shore & Atlan_ 599 Elgin Joliet & Eastern 829 Great Northern 8,219 Mineral Range 101 Minneapolis & St. Louis 1.647 Minn. St. Paul & S. S. Marie.. 4,243 Northern Pacific 6,593 Oregon-Washington RR.& N. 2,070 Spokane Portland & Seattle 538 Total _47.521 Southern Region. Alabama & Vicksburg Alabama Great Soutbiern Atlanta & West Paint Atlanta Birm. & Atlantic_ _ Atlantic Coast Line Carolina Clinchfield & Ohio_ _ Central of Georgia Charleston & Western Caro Cincinnati N.0.& Tex. Pac_ Florida East Coast Georgia Georgia & Florida Georgia Southern & Florida_ _ Gulf & Ship Island Gulf Mobile & Northern Illinois Central Louisville & Nashville Louisville Henderson & St. L.. Mississippi Central Mobile & Ohio Nlashville Chatt.& St. Louis_ New Orleans & Northeastern.. New Orleans Great Northern.. Norfolk Southern Northern Alabama Richmond Fred.& Potomac Seaboard Air Line Southern Southern RR in Mississippi Tennessee Central Vicksburg Shrev & Pacific Washington Southern Western of Alabama Yazoo & Mississippi Valley Total 12.771,197 12.498,939 23,201,016 1,126,605 61,009 2,953,450 3,250.867 3,933.874 27,945,819 2.698,776 2,631.520 4,934,790 3.082,978 3.824,716 2,855,242 11.401.721 12.495.342 5,122,051 def22,617 267.704 562,345 3,322,507 4,781.037 2,862,177 12,827,280 12.368,069 38,666,681 def/07./54 144,004 10.827 def314,698 238,1577 2,706,994 5,057.635 3.925,862 10,578,977 18.450,790 28,317,433 50,057,760 3,224.299 4.490.859 4,491,883 1.652.116 2,694.420 1,871,083 78.422,402 02.540,188 148,454,277 284,097 141 312 1,498.327 93 539.040 640 def946.458 4,867 7.213.915 291 1,497.762 1.918 1,583,989 343 171.233 337 525,958 765 1,444.849 329 1,326,143 348 def44/.538 402 (12.593 306 def81,384 438 def98,977 4.793 4,479.526 5,013 11.884,668 510.724 200 165 def184,901 997 Clef1,025.823 1.247 1.242,397 204 187,064 285 14,593 906 163.670 113 64,343 82 2.763.900 3.563 1,867.961 6,983 10.642,549 278 293 def536,168 171 454.510 36 1.875.153 133 569,354 1.382 4,475,913 38.374 53.937.173 110.740.325 102,020,391 Southwestern Region. Fort Worth & Rio Grande- 235 20,514 Gulf Coast Lines 920 1,270,8'55 Gulf Colorado & Santa Fe.. 1,936 2.468,881 International & Great North_ 1,160 def/ 404,787 Kansas City Mex.& Or. Sys_ 737 def1,24-4,673 Kansas City Southern (incl. T. & F. Si 862 2,189.359 Louisiana & Arkansas 302 def/0,634 Midland Vatley 389 343,136 Missouri & North Arkansas 36.5 8ef684,377 Missouri Kansa.s & Texas 1.714 4,562,769 Missouri Kan.& Tex. of Ter... 1.796 def2.4/3.05 Missouri Oklahoma & Gulf 332 def1,041,628 Missouri Pacific 7.205 4.363,698 St. Louis-San Francisco 14,695,141 St. Louis-San Fran. & Texas_ 4.761 134 def179,720 St. Louis Southwestern 940 3,070.880 St. Louis Southwest. of Texas 815 def1,608.721 San Antonio& Aransas Pass Sunset Lines (incl. H.& T.(J. 737 defl.141.723 and H. E.& W.T.) 3,614 9,208,659 Texas & Pacific 1.947 3,621,573 Trinity & Brazos Valley 369 def6/2,360 Wichita Falls & Northwestern 329 def400,226 Total 31.599 35,055.171 Grand total all regions 345,074 322,854 2.062,765 1,703,180 660.606 262,9911 def572.922 480,000 11.685.220 10,180,913 1.162.282 1,627,963 8.917,977 8,408,809 549.209 466,921 8.092,962 8,541,040 2,843,842 1.633,983 2.256.504 858,622 def/04.538 88,000 351.763 511,457 364.779 595,888 558,338 200.289 12.981.324 16,282,374 19.568,935 17,310,495 648,071 343,916 308,525 310,921 244,315 2,597,478 4.145,298 3,182,089 1,204,992 990.248 407.939 519,904 1,266,871 291,453 192,542 150,583 3,025,529 1,138,974 3.658,391 6,497,925 29.512,206 18,653,893 def40.397 6,990 deft,.468 162,734 342,116 837,948 1.736,688 467,230 288,238 621,916 4.499.924 3,862,318 def81,994 1,928,596 2.854.270 1.378,645 6ef692.245 1,301 1,140,671 2,828,218 1,394,946 150,000 3,535,427 3.128,053 359,362 86,232 444,346 766,580 6ef115,881 175,000 5,853,831 5,215.538 621,773 def790.998 def529,613 def83,603 11,821,976 14,206,814 11.247.194 13,890,213 def117,299 def332,953 3,355,749 3,681,615 555,165 def.183.255 456,684 def128,023 13,836.811 3,719,146 def430,238 6ef488,895 0,503,128 55,972,636 61,588,458 6,107,431 63,158 145,245 231,889 515,817.773 685.279.511 892,855,391 Total New England district__ 8,008 % of standard return Total Central District 22.511 % of standard return Total Ohio-Indiana District_ 6.941 % of standard return Total Eastern Region 37.460 % of standard return Total Allegheny Region 19,845 % of standard return Total Pocahontas Region_.._ 5,117 % of standard return Total Southern Region 38,374 % of standard return Total Northwestern Region_ _47,521 % of standa,ed return Total Central Western Region51,973 % of standard return Total Southwestern Region_ _31,1599 % of standard return 9.775.418 10.227.504 38,901,098 25.1 26.3 103,611.503 109.099.456 142,739,083 76.4 72.6 15.909,487 22.820.109 21,809,702 72.9 104.6 129,296.408 63.6 28,772,799 19.4 20.212,246 54.5 53,937.173 52.9 78,422,402 52.8 170.121.574 88.6 35.055,171 66.9 142.147.069 89.9 63.634,490 42.9 37.818,305 101.9 110.740,325 108.5 92,540,188 62.3 182.420,498 95.0 55.972 636 b0.9 203,449,878 148,254,969 37,108,728 102,020,396 148,454,277 191,973,632 61,588,468 Grand total all regions_ ___231.889 515.817,773 685.279,511 892,855,396 % of standard return 57.8 76.8 B LAIR CO. INCORPORATED 24 BROAD STREET NEW YORK Buffalo Boston Detroit Cleveland Minneapolis Milwaukee Rochester Pittsburg Scranton St. Louis Chicago Los Angeles Philadelphia San Francisco Syracuse INVESTMENT SECURITIES •
@FedFRASER