The herald., 1898-09-01
RAILWAY STATISTICS
FIGURES OF GROSS EARNINGS
AND OPERATING EXPENSES
LOCAL REAL ESTATE REVIEW.
The Market More Buoyant-Building
Permits-Rise In Price Of
EtoveseCotton OIL
OFFICE OF THE HERALD.

Los Angeles, Aug. 81, 1885,
From an abstract OF the railway stalls
tics Of the United States for the year ended
June 30, 1897, issued by the Interstate Com
merce commission at Washington on the
lSth inst, the following figures Of earnings
and expenses are CLEANED:
The Gross earnings of the railways OF
tho United States for the year ending
June 80 1887. as reported for an operated
mileage OF 1Ss,zS426, were $l,122,OSs.77s. In
comparison with the preceding year this
amounts shows a decrease In gross earn
ings OF s2s,07s.6os The sources of income
comprised In groe earnings from opera
ton for the year were: Passenger revenue.
$61, 135 1927; decrease as compared with the
previous year. e15 ,426. 00e mail, $33, 764, 1865;
increase, 3l.374,647: express, $2A,90l ,066; in
crease. s2O,6SS; other earnings, passenger
service, S8.62S, $50; freight revenue. $772S49.-
814; decrease, s13. ,523; other earnings.
freight service, 1890 857; increase. $685.,
167; other earnings from operation, includ-
Ing a small amount of unclassiiied itemsr
S2s, 1853. The expenses OF the operation
Of railways for the fiscal year covered by
the report were S762524.7Gt This amount
Is SSUfOf,HoO SIHdiIcI IMAM tue
ing amount for the year ending June &c.
1896, the operated mileage for that year
being ISL 92S.64 miles.
The operating expenses Of 1897 were dis
tributed as follows: Maintenance of way
and structures. 1l5a, 43A. 403; decrease as COM
pared with the preceding year. $780,
maintenance OF equipment. $122, 762, 1858; de-
crease. slO,6lS,64o; conducting transporia-
ton. 1892 525 ,SG2: decrease. $9.69l,720 gen.
eral expenses, $780, .269; increase, 1897 1884.
Gross earnings per mile Of line operated
averaged $6l22; operating expenses, $4106.
These amounts are respectively $19S and
$1i2 less than the averages for 1886. A COM
parative summary appears IN the report
which gives an analysis Of the operating
expenses Of the railways in the United
States for the years 1895 to 1897, following
the prescribed classification of operating
expenses, which embraces tifty-three items.
The income from operation, that is, the
amount OF gross earnings remaining after
the deduction OF operating expenses. COM
monty termed net earnings, was 1869, $685.
009. This amount is $7,615 1923 less than the
corresponding item for the previous year.
The income from other sources, mainly
derived from leases and Investments in
stocks and bonds. was 1925 ,O10. which.
added to the income from operation, shows
that the total income of the railways as
a whole was $494 ,G55, O19 The corresponding
amount for the year ending June 30, 1896,
was $506. 205 ,063. The total deductions from
income were $413 .5l3. Taking this
amount from total income leaves $S1, 257,-
606 as the net income for the year availa-
Bile for dividends or increase of surplus.
The total amount of dividends declared in
GLIDING $267,39O other payments from net
income. was $s7,s77,9s9. the result being
deficit from the operations Of the year OF
&c. ass. An analysis of the total deduc-
tions from Income stated above, $413, 397,-
b13, shows the following classification: Sal
aries and maintenance OF organization,
s50S ,59S; interest on funded debt, $247, $780,
230; interest ON Understanding current IL
abilities. 1854 1856: rents paid for lease Of
road. $S7 sos 1902; taxes. $40, 1877 S44; perman-
ent improvements, $4544,Sl3; other deduc-
lions, $21 ,976.s9O. These figures should be
understood as covering lines operated under
lease or other agreement as well as opera
Ing companies.