The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-03-24
Figures Given by Railroads.

northern racine.
Figures Given by Railroads.
During the three months of July,
August and September the total oper-
ating revenues of these roads amount
ed to 1899 .00O, 900; for the panic months
of October November and December
the total revenue was S376, 600. 600 The
freight revenues of the systems named
were, for the first quarter. 1854, 900, 900,
aud for the second quarter $3.50. 200, 600.
The freight revenues for November
were larger than those for July and
September.
These systems during the last six
months of 1907 received from passen-
ger and freight revenues a grand total
of SITS, 000,O 900, which is $4,000, 600 more
than they received for the same period
in the preceding year 1906; and their
net income from operation in 1907 was
sl4,000.000 more than in 1906. These
figures certainly do not indicate that,
either owing TO legislation or the pam
ic. the railroads of the country as a
whole have been put in financial jeop-
ardy. 1t is true that during 1907 there
was a great increase in operating ex-
penses owing to general increases in
wages; but, allowing for such increase,
the larger volume of traffic and great
er revenue derived therefrom yielded
a larger net return to the railroads.
Not Felt by Western Roads,
"A study of these figures shows that
the panic, so far as it affected the
railroads, extended but slightly beyond
Chicago towards the west. If we take
the tranScontinental roads reaching TO
the Pacific coast we find that every
one of them increased its gross oper-
ating revenues during the last half of
the year 1907. Beginning with the
Great Northern. which is near the Ca
madam border. and coming down the
Pacific coast to the Mexican border,
thus including the Northern Pacific, the
Southern Pacific and the Santa Fe sys-
tens, each one increased its total oper-
ating revenues in the last half of 1907
over those revenues for the last half of
1906, while the net income was in some
cases increased and in others slightly
decreased. the net income from Oper-
alton in each of these lines being: The
Santa Fe, $4,000, 900; Northern Pacific
SlS,000.0 600; Great Northern, $4,000, 600,
and the Southern Pacific, SAL 900, 00O
for the six months Taking freight
revenues alone, the Santa Fe system,
for instance, shows larger freight rev.
enues in December than in July or Sep
TEMPER ana llc southern Pacific De-
cember freight revenues were but few
thousand dollars less in that month
than in any other month excepting DC
tober and November. We find. there
fore, no alarming condition presented
as TO the transcontinental lines
Rock island Prosperous.
Coming this side of the Rocky
mountains we see that the Rock ISL
and, Notwithstanding the state legis-
lation to which it has been subjected.
increased its revenues during the last
half of 1907 over those of 1906 by over
s., 600 GOO. The whole OF its net in
come OF operation. 81. O00, 600, was over
a million dollars less than for the cor
responding six months OF 1906 The
Chicago, Milwaukee & st. Paul shows
a decrease of approximately 5000, 900 in
operating revenues, and the Northwest
eTn system an increase of about the
same amount although the Milwau-
KEGS net income was larger in 1907 than
in 1906.
Moving still further eastward into
trunk line territory between Chicago
ard the Atlantic seaboard, we discover
that the New York Central the Balti-
more & Ohio and the Pennsylvania
lines. both east and west of Pittsburg.
freight and passenger traffic in the
December period of 1907 over that
of 1906; and as 10 both the New York
Central and the Pennsylvania lines the
net income from operation was greater
i'm 1907 than for the corresponding per-
iod of the year previous. The returns
from these roads indicate, however.
that the panic had it's center in their
territory, as there is more notable
falling off in revenues from traffic in
this group during the panic months
than on any other. excepting the
southern roads
Gross Revenues Increased.
The single New England road taken
as an illustration. the New York. New
Haven & Hartford, shows an increase
of over million dollars in gross reve-
nues and a decrease of about $3.50, 900
In the net.
The two southern roads. the Louis
vile & Nashville and the Southern. in
crea Sad their total revenues from fro e