The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-07
GREAT DROP IN
R. R. REVENUES
g -
Net Receipts Decline From
$l13 to 1888 a Mile for
February.
on THE EASTERN ROADS
Commerce Boards Figures
Support Plea for Increase
Of Rates.
ECONOMIES DON'T SUFFICE
Loss Of $52,O0O,O0O in Net Rev.
cnuc for Eight Months End
ing With February.

WASHINGTON, April 6.--The Interstate
Commerce Commission has made public
tho figures compiled by II in regard to
the revenues and expenditures OF rail-
roads in the United States These figures
bear out conspicuously the contentious of
the carriers tn they are confronted by
a serious situation. The figures are the
latest compiled and will attract wide at
tention. -.r
The commissions own figures corsti-
tvte powerful argument in favor of the
Application OF the Eastern railr eds for
q 3 per cent. increase in freight rates.
These are some % the more striking
features Of the Commissioners statement:
That for the month Of February, 1914.
The net revenue per mile on the Eastern
rallresAs was elss, rs against sliS q
year ago.
That the total operating revenues of
the Eastern carriers was s7i.s43,390 in
February, as against sS3.5s2.906, a de-
crease OF more than 1000. 900.
That the total operating expenses in
February Of this year amounted to $63,-
31l,sc7. as against ss4,633.I23 a year
ago.
in net operating revenue there WAS a
remarkable decline. one that is said TO
he unprecedented. In February, 1914. the
net operating revenue amounted to only
sS.s3l,ts3. as against sls,949,7s3 in Feb
ruary, 1919.
The revenue per mile in February
amounted to 1856, as against sl.s2l a
year ago.
Reduction of Expenses.
According to the statement TO meet
increased expenses and decline In
revenue the carriers in the Eastern dis
triet reduced expenses per mile to Si,377
In 1914. as compared with sl.4OS a mile
In 1918.
Tor the eight months ending with Feb
ruary the Eastern railroads got a total
operating revenue OF s7+53S22 O9. as
against s7G3,Sl3.OS5 for the preceding
eight months of 1913
Total operating expenses for the eight
months ending with February were
soe A'os,I1S as against s53l,e59.si5 in
1915
In net operating revenue Their. WINS
loD OF about $52,0oo.0oO for the eight
months ending with February, 1914. In
that period also net operating revenue
amounted TO s1so.673.454. as against
s2s2,553,4t0 for the preceding eight
months OF 1918.
Fepruary expenses per mile amounted to
sis.2Ss. as against s11.577 In the pre-
ceding eight months Of 1913
FOR the eight months ending February,
1919, the net revenue per mile was
1925, as against s5.06s for the same
period of 1918.
The statement shows the following FOR
Oil railroads OF the United States whose
annual income is more than $1,000 900:
In February, 1914, the total operating
revenue amounted to sls2,73937s as
against s2o3.l70,060 for the month OF
February 1913. loss of over SCI 900, 900.
Total operating expenses showed $780,
otl.l32, as against sl50,ss2.6O9
Net operating revenues for February
1914. amounted 10 S35,79S.244. as against
, s52.277,45l in February. 1913.
Revenue per mile s90S in February.
1914. as against $l,ol7 in February, 1913
Net revenue per mile decreased from
$262 in February, 1913, TO sl7s in Feb
ruary. 1914.