The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-14
new HAVEN SHOWS
INCREASE FOR JULY
Net Income S76.061 Better
Than That Reported for
Same Month In 1918.

The report o, Tho New York, Scw
Haven and Hartford Railroad COMPANY
FOR the month Of July shows an Increase
IN net income OF s76.0si. Railway oper;lt-
ing revenues for the month were tj.75j.-
639. as compared with s5.si3935 FOR July.
1919. Railway operating income VIZ,
si5si.s25 against si.54o,546. The gross
income Of tho company for the month was
si,s?a.e2e. against :i,775 cG9, while the
ne, corpornte income was s35T.s3e against
:esI.57i. a gain OF .7s,o6i
The subsidiary properties Of the New
Haven were less fortunate. Fourteen OF
them show decreases IN net corporat.
income. while four show deficits The
deficits OF three OF tho companies are
smaller. however, than those reported for
July, 1913
Tho Central New England Railway
Company. In which the Now Haven has a
s9S per cent. Interest. reports railway
operating revenues Of s21e,ss3, as COM
pared with sa75,7Ot Gross income was
s6i.4si, as compared with sllG.eio.
Reductions interest and rentals were s78.-
o7?. Lowing a deficit FOR the month Of
f2t,51S, against NOT corporate income
OF sGl,432 for July. 1918.
President Elliott's statement says:
The Increase In net income, s76,O6O.6S
on the New Haven, was due TO careful
work in curtailng and eliminating nom
rsmunerative trains. there being a rcduc
ton OF 2ie.2i2 miles run by trains during
the month as compared with July, 1913.
Under the head OF transportation expenses
! there was a saving IN fuel OF s75.2s5.73
: The results on the Central New Eng
land are less satisfactory because OF an
increase IN maintenance expenses Of S42.-
0sii3 and in transportation, trafIic and
general expenses OF $40 2i5.i5 Transpur-
tation expenses Increased chiefly because
of the inclusion in July accounts of c. rtain
readjuetments under the arbitration Of
trainmen's pay and because OF an IN
crease of 2357? train miles on account of
greater road mileage operated.
The steamer lines suffered in gross
because OF weather conditions in July that
did not attract the usual travel to the
water lines II IL gratifying to know
that the Government inspector made a
thorough examination OF the conditions
and maintenance and operation of the
companys vessels and reports rs follows:
From my personal examination and
conditions as observed them | am OF the
opinion that this entire fleet OF vessels Is
as well. II not better. equipped than the
general run Of vessels Of their class. This
office Is OF the opinion, IN view Of til,
nature of the safeguards placed upon these
vessels and the excellent discipline that
prevails. that danger from fire Is a
minimum and that menace TO the live, OF
the patrons OF these lines does not exist
"ln common with all transportation
companies the revenues OF the electric
roads owned by the New Haven show do
crea.es during this summer, partly
because of less desirable weather for N,
seaside resorts, which reduced the Volun,
OF pleasure travel
THE New York, Westchester and Dos
ton deficit mot counting the interest or
its bonds and notes) was reduced from
s3l667.77 to tl1.174.77 ana the bushes.
OF this company Is showing n steady In
crease, with every indication that durinF
the fiscal year y VIII earn its expenses
and taxes"