The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-07-05
C. { D. ISSUES An
INTERESTING REPORT
GROSS EARNINGS SHOW IN
CREASE BUT HIGH OPFxRAT-
ING COSTS LOWER NET
RESULTS.

The Chesapeake and ohio Railway
Company has issued an interesting re-
port from the Office of the comptroller
giving, i'll condensed form, the reve-
nues and expenses for the month .f
May, 1911, and for the eleven months
from July J. 1910, to May 8 1911.
The mileage operated was lncreas-
al during the year by 2a1.I milas
by the abso: ption of the Oh asapaaNc
ami Ohio halfway Company. ct In
diana. The average miles now operat-
ed being 2..aj,s.
The .otai operating revenues for
the eleven months referred to asgre-
gated s2asss S63.55. of which ineome
s23. rs. 359.4l came from freight; So
o55. Gs".e7 frcna passengers: sl.GsI.-
s4s.07 from other transportation
revenue and s21s.27s4o from nor
transportation revenue. For like
period ending May 81. 1910. the ag-
gregate income reached s2s.721. 60a.-
IS, on total mileage of 1887, the
increase in gross revenues for the
period being sl,167,35s.97. or four
per cent.
For like periods operating expenses
showed an increase Of s2,696.593 10.
or 1s per. cent, the great bulk OF
such Increase coming under the head
ing OF transportation expenses, which
for the eleven months period just
closed aggregated s9,2sS.0l4.3i,
against s7,773.3s6.s3 for the eleven
months ending May 81. 1911, while
for the period ending May 81, 1910.
the aggregate was ST., 251 ,305.30. Net
operating revenue totals for like
periods were sa,s4o,9s5.d5. for 1911.
as against si1,4To.s042s for the
partad ending. May a. 1914 showing
a decrease of S1,529, 5$9-13. The sur
plus for the periods named was $2.-
s37.5ST.1s for 1911 as against S.
Tte s-33.taa, showing decrease - OF
forty-nine per cent. or S2.S32,0S5.s4.
The proportion OF expenses to gross
revenues for the eleven months end
Ing May 81. 1911, was ss.7 as against
increase OF Go.
For the month of May, 1911. total
income reached s2.575.5 0s.5S. an in
crease of one per cent, or $eh,795.s7
over May; 1910 Operating expenses.
however. showed an increase of SIX
per cent. the total for May this year
being s1.7e0.59s.s0 against $l.657,~
s1s.09 for May. 1911.
Net operating revenue fell off from
$s91,S32.Sa in May. 1910. to SSH
9o7.6S in May. 1911. "A decrease OF
nine per cent, and the surplus shows
decline from s3iS.1t1.60 to $685.
90s4s.
Norfolk and Western Report.
The Norfolk and Western Railway
Company has issued a statement
showing It's earnings for the eleven
months ending June 30, 1911, as COM
pared with like period ending June
80. 1910
Total operating revenues aggre-
gated s32,661.912; an increase OF
.s5ea.as411 over the eleven months
ending June so, 1910.
The total operating expenses arg
gregated s20.949.27s.7s: an increase
of $1.SaS.327.10 over last year. one
third of which increase approximate
liz. was in the transportation depart
ment.
Net operating revenues showed a
decline OF s1.22e.3s2.59. while the net
income of the road declined from
sS,312,69s.32 in the eleven months
ending June 80, 1910. TO s7.cs2,ss4.-
OF in 1911, decrease OF ID per cent.
Total operating revenues for May.
1911, aggregated s2.s61.2<e.S0, de-
cline of s101.443.12 from last years
figures The total operating expenses
for May, 1911, reached $f.s0S, 221.37,
against $1.953,76S.sS for May. 1910.
The net income for the month was
s61S.6l7.l5. decrease ri sb1.795.21
from the net income OF May. 1910.