Albuquerque citizen. [volume] (Albuquerque, N.M.) 1907-1909, 1908-03-24

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 operation in each of these lines
being, Santa Fe $4,000, 600, Northern
Pacific S1S,0O0,O0O. Great Northern
slS,00O,000 and Southern Pacific
$41,000,000 for the six months TAX
ing freight revenues alone the Santa
Fe system, for instance, shows
larger freight revenue in December
than in July or September. and the
Southern Pacific's December freight
revenues were out a few thousand
dollars less in that month than in
any other month excepting october
and November We find, therefore,
no alarming condition presented as
TO the transcontinental lines
Coming this side of the Rocky
mountains we see that the Rock ISL
and. Notwithstanding the state legisla-
ton to which it has been subjected,
Increased its revenues during the last
half of 1907 over those of 1906 by
over 100000. The whole of its
net income from operation, $1,000
600, was over a million dollars less
than for the corresponding six months
of 1906. The Chicago, Milwaukee &
st. Paul shows decrease of approx
imately 100000 in operating rev.
enues, and the Northwestern system
an increase of about the same
amount, although the Milwaukee's net
income was larger in 1907 than in
1906.
Moving still further eastward into
trunk line territory between Chicago
and the Atlantic seaboard. We dis
cover that the New York Central, the
Baltimore & Ohio and the Pennsyl-
vania lines, both east and west of
Pittsburg, increased their total rev.
enues for the freight and passenger
traffic in the July-December period
of 1907 over that Of 1906; and as to
both the New York Central and the
Pennsylvania lines the net income
from operation was greater in 1907
than for the corresponding period of
the year previous. The returns from
these roads indicate, however, that
the panic had its center in their terri
tory, as there is a more notable fall
ing off in revenues from traffic in
this group during the panic months
than on any other excepting the
southern roads.
THE single New England road
taken as an illustration, the New
York, New Haven Il Hartford, shows
an increase of about $250,OOO In the
net
The two southern roads, the Louis
vile & Nashville and the Southern
haf
| traffic, their total operating expenses
and also their net income from opera
| ton over the corresponding half year
| of 1906.
Greater Traffic Volume.
Therefore, viewing the country as
| whole, from west to east and from
north to south, the outlook for the
| railroads of the United States, as
| shown by their own figures, is not SO
! disquieting as has been supposed; and
these figures, it must be remem oered
| include at least two months after the
| panic began in New York, during a
greater portion of which time banks
| would not make loans or discounts
and railroads in many parts of the
| country would not receive checks il
| payment of freight.
| Although the returns TO the com,
mission for January have not yet beer
tabulated, it is probable that they
will show that conditions have beer
worse than in December; but thi
Is also to be borne In mind, that the
month of January is generally tn,
slackest month during the year, anC
! February is also poor. There are
! no doubt, individual instances il
which the revenues of roads hav,
seriously declined during the pas
three months over corresponding per
iods for several years past; but ther,
are also individual instances in which
singular to say, the last three month
have been as good as the correspond
ing three months in other years. anC
in one case, the Oregon Railroad 4
Navigation company, the commission
has been officially informed that tn,
past three months have been the hes
in the roads entire history
i There can De no question but tha
within the past three weeks there Ia.
been a strong upward tendency il
freight revenues. 4 greater volum,
of traffic is moving today than ma
been moved at any time during tn
past two, and perhaps, three months
The figures of the American Railwa,
association show that there is les
surplus of cars at this time than a
any period since the 3Oth Of October
This promises an early return TO NOR
normal conditions and railroad mel
generally are more optimistic thai
they have been since the Knicker
booker Trust company closed it
doors. But the increase from &4S3,
100000 in 1906 to $523.O0O.OOO fl
1907, on the systems with which
have dealt still leaves a larger ne
. income for 1907 than for 1906 b.
nearly Sl4,OOO,OOO."
PRICES WELL MAINTAINED.