The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-12-10
RAILWAY STATISTICS
INCOME AND EXPENDITURES OF $40
OPERATING COMPANIES.
Gross Earnings I'm n Year Were $780,
210, 744-weekly Car Movement.

The Interstate-commerce Commission has
Just issued a preliminary report on the in
come and expenditures OF railways in the
United States for the year ending June
30, 1894. prepared by its statistician. The
report contains the returns from $40 operat-
ing companies. whose reports were filed on
or before Nov. o, 1894, and covers the oper-
ations OF IL. 559.21 miles OF line, or about
s. per cent. OF the total operated mileage
In the United States. The gross earnings
from the operation Of the 149.559.1 miles Of
line represented were 1919. 639.O75. Of which
SW,1S7,142 were from passenger service, S17.-
958. i98 from freight service and SO. 40. 2Ss
were other earnings from operation, cover
ing receipts from telegraph, use OF cars.
switching charges. etc. The operating ex-
penses were $s4s. 42s,ssl, leaving net earn
ings OF $306, 210.7A. Reduced to a mileage
basis. the earnings from passenger service
were $2,67 per mile OF line; from freight
service. S4,132i total gross earnings, $3.50;
operating expenses, $500; net earnings,
f2,0fs. A comparison OF these items with
similar results from the complete report
OF the previous year shows a decrease per
mile OF line in earnings from passenger
service OF 500; In earnings from freight serv-
Ice OF s74; In total gross earnings OF $40;
IN operating expenses OF 1914. and in net
earnings of $266.
The number OF passengers carried were
55, 25. 4i6; passengers carried one mile. H.
$50. 1913. The number OF tons carried was
81, 95, 81; tons carried one mile, 20, 42s, 24i,-
800. In order to show the volume OF traffic
for all the railways these figures should be
increased IA or 10 per cent. To compare the
density OF traffic with the previous year
these figures are reduced to a mileage ba-
sis. which shows the number of passengers
carried one mile, per mile or line to be
1888, as compared with $500 in 1893. That
there has been an increase in passenger
trafhc regardless OF the commercial depres,
sion is due to the unusual amount OF travel
in July, August. September and October,
1893. on account OF the Worlds Columbian
Exposition The number OF tons carried
one mile per mile OF line was no. 1893, as
compared with 55f,232 for 1893 These fig
ures show the decrease in volume of freight
traffic occasioned by the Generalization OF
business throughout the country.
The net earnings available for. the pay
1906, 21o. IA, as aginst $3.50, 1885, O7 for the same
roads for the previous year. a decrease OF
t4,555,s62 IL Is probable that the decrease
In net earnings OF all the railways will ex-
coed s5o.o0o,Oo. The dividends paid were
So. f64, SOL, as compared with $50, 46f, 100 for
1893. After the deduction of dividends II is
FOUND that all OF the groups, except Group
vi and Group X show a deficit instead OF
2 surplus from the operation OF the year,
the aggregate amount OF such deficit being
S2s.032. gu. This fact shows that a part of
the dividends were either paid out OF the
accumulated surplus of past years or that
their payment necessitated an increase in
the current Indebtedness.
The report also shows the average re-
srage receipts per ton per mile for the
year ending June 30. 1894, covering the
mileage represented. Regardless of the de-
crease In traffic there has been a decline
In rates during the year, the average re-
ceipts per passenger per mile being 1876
and the average receipts per ton per mile
200 cent as compared with .SS cent in 1893.
Increase I'm Freight Tonnage.
AS for ten weeks past the tonnage OF
freight moving continues considerably in
excess OF the fall OF 1893. The fifteen lines
received and forwarded at Indianapolis last
week 1885 loaded cars, which was thirty
Six fewer cars than in the week ending
Dec. i. but, going back to the correspond
ing week of 1895 1T will be noticed that 2,6SS
more loaded cars were handled at this point
this year. The east-bound movement con-
tinues very heavy; shipments OF corn, oats.
flour. provisions and live stock have been
heavy as compared with December, 1893,
and indications point to a heavy business In
that direction for some time to come. West
bound business is light, only a light ton
mage of high-class freights coming west.
but IN lower class freights there has been
some increase. With the Vandalia, the
panhandle and the Big Four lines the east
pound movement Is 90 to 20 per cent.
heavier than the west-bound traffic. The
~Fanhandle's Indianapolis division last week
Forwarded from here Los cars, against 694
brought IN, and the business of the other
east-and-wejt lines was much In the same
proportion North-and-south roads are do
ing better than a few months ago, and as
their cars are loaded largely In both direc-
ions II Is favorable to earnings. The Lou
fsvine. division of the Pennsylvania lines
brought in AZ, against 49i loaded cars for
warded. The Lake Erie & Western for
warded 81. against 30 loaded cars brought
IN, and with the north-and-south lines the
volume or business is weekly becoming
more satisfactory. Owing to the mild
weather the coal movement is not as heavy
as last month. while the live stock ship
ments are at a maximum. The Big -Four
last. week fell Al short OF handling as many
loaded cars at this point as in the week
ending Dec. /, while the Panhandle lines
handled at this point eight more loaded
cars than In the week preceding. The Pc
oria * Eastern handled III more loaded
cars than in the week ending Dec. I. The
ofncials or the indianapolis lines have rea-
son to be gratihed that their roads are do
Ing so much more business this year than
last. while in many sections the roads are
falling far below the volume OF business
last year. Below Is given the car movement
for the week ending Dec 8 and Dec. L and
the corresponding week last year:
Name or Road. Dec. s. Dec. 1. 1898.
"a. ~. A c.. Airline 800 s52 $40
l., I'D. * W.............. 31 1854 3@
G.. II. q ID. Qnd'plis div. ZIG el2. AS
L. H. * 5Sf sd S61