The Bridgeport evening farmer., 1914-10-09

and the amount of the reduction n value of the New Haven company $ investment in the Navigation com pany was charged to the profit and 1 loss account of the New Haven com pany.
 Profit and Loss
 The profit and loss surplus of ST. 1 916,557.24 as of June 30, 1913, has been reduced to $1.822, ,246.14 sas of June 30, 1914.
 i lows:
 Operating Results. There was a decrease in average miles ofsroad operated of 1920 miles. The average miles Of track maintained was s4,397.75 compared with 4, 452 55 the | previous year, a decrease of 54. 80 miles These decreases were mainly due to giving up certain trackage l rights on the Boston & Albany and 1 Boston & Maine and to the Central 1 New England assuming the operating of the line between Danbur Conn, and HopewelI Junction. N r. Revenues and Expenses. The general business depression dur l ing the greater part of the fiscal year caused decrease in the operating l revenue of g. .995. SIC. .26 while operat- ing expenses increased S1, ,288 01O,S4, re- sulting in a decrease in net operating r. Freight revenue decreased $1 ,5e5,- 60l49, AT per cent, and passenger rev.
 enue s495, ,627 40. IS per cent Express revenue fell off $3o7, S78.75, 9.7 per cent, due partly to reduced express rates ordered by the interstate commerce
 commission, effective February l, 1914, and to the increase in shipments by parcel post, for which no adequate compensation has as yet been received There was an increase of $198177. .S4 in other passenger train revenue, mainly due to the inclusion of full years receipts from the Pullman company and extra fares on limited trains, the previous years accounts having been credited with only six months pro portion, as the Pullman contract be- came effective January 1, 1013 Net revenue from outside opera ations de- creased &55S, 967. IT, largely because the Pullman company operated equipment formerly operated by the railroad. Revenues from operations other than l transportation, after deducting de- crease Of about $1o0, ,ooO account of falling off in revenue from discharg- | ing, wharfage, hoisting and car ser- lviee, shows a net increase of $1o0. .074. g, largely on account of additional ren-
 tafs at Grand Central Terminal In l this connection, however, it should be noted that the net payment for en- l trance to and use of the passenger terminal at New York for the year ending June 30, 1S14 amounted to s3,-
 150 SAT, as compared with &2 ,969, for
 1913. The net charge against the com pany during 1914 was equivalent to about 5 cents for each passenger into
 and out of the terminal.
 Maintenance of Way and Structures. This account increased S9S7, ,S74.14. caused in part by higher wages and in
 
 required because of work that was de-
 ferred in previous years
 l TheDe were 2,060, 465 ties laid in re newals as compared with 1,814,190 in l the previous year. an increase of A l per cent This includes 157,9O7 creo- soted ties with screw spikes and tie
 plates put in between New Haven and 1 Wood1awn and on the Harlem River Branch, compared with 12s, ,672 last year, an increase of l28 per cent. There l were 25,783 tons of new rails laid, all increase over the previous year Of S,173
 tons, or IA per cent.
 Removal of snow and ice cost $f0s,-
 378.e0 more than in the previous year,
 and the maintenance of the electric I power transmission system cost $154s- I 969 more. Much work was done on l signals and interlocking plants.
 The track. bridges and structures of the company are in safe and service | able condition, but expenses tor main 1 tenance of way must be liberal be- cause of the heavy equipment and the great number and speed of trains