The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-10
OPERATING REVENUES
OF RAILROADS JUMP
Returns to Commerce Board
Show That Expenses Have
Smaller Ratio of Increase.
MORE FREIGHT CARRIED
No Dividends Paid on 1924 Per
Cent. Of the Capital Stock
Outstanding.

WASHINGTON, July e.-According TO a
statement issued to-day by the Interstate
Commerce Commission the operating
revenues OF the railways In the United
States for tho year ended Juno 80, 1918,
herein represented (avcrage mileage oper-
atcd 2t2,657.12 miles) were s3125.135,79S
and their operating expenses s2,169,96s,-
1874.
The corresponding returns for 1912
(average mileage operated 23S,22O1l
miles we're: Operating revenues. s2,2S6.-
95s,36e; operating expenses. f,959,0si,-
SOS
Tho number OF passengers carried dur
ing the year ended June 80. 1913. by
roads represented In tho abstract was
i,O33.6T96s0 and during the year ended
juno 80. 1912, was 994,372.2S3. The In
crease in number of passengers carried in
1913 over that in 1919 was 39.307,397
The passenger mileage. or the number
OF passengers carried one mile. reported
by roads represented in this statement
was 3i575.S72,9s0 The return for 1912
was 1886, i62.l73 less. The number Of
passengers carried one mile for mile
OF road was i43,067. as against 140,393
for tho preceding year.
Tons of Freight Carried.
The number OF tons of freight reported
as carried Unoluding freight received from
connections) by roads represented in this
statement for the year ended juno 80,
1913. was 2.o6s. os6,4s7. while tho oorre-
spending figure for tho previous year
was l,sls,7so,sso. the increase being $780,
239,s57
1t appears from tho reports submitted
to the commission by the roads covered
by the abstract that there we're 63,S7s
locomotives in their service on June 80.
1913, an increase OF 2,lo2 over corre-
spending returns for such roads for the
previous year OF the total number Of
locomotives, 1896 were classified as pas
senger. 1894 as freight. 9.S34 as switch
Ing and LEA were unclassifed.
The total number OF cars Of all classes
In the service Of such roads was 2.445.-
Sos cor 1866 more than on juno 80
1879, which equipment was thus as
signed: Passenger service. 5l.717 cars /;
freight service. 2,273, 56i companies SER
vice, l2o,24i. Tho figures given do not
include so-called private cars OF COM
mercial firms or corporations.
The total number OF persons reported
as on tine payruiis OF the steam roads OF
the United States on June 30. 1913 mot
including those IN the employ OF roads
the gross operating revenues OF which
were reported as less than 100000 or
those in the service Of switching and
terminal conipanles), was 1.S15,c39 or an
average OF 743 per 100 miles Of track.
Increase of Employees.
As compared with corresponding re-
turns for June so. 1912, there was an
increase of 1l5,2es in the total number Of
such railway employees. There were 67.-
O25 enginemen, 7o.477 fremen. 52,oSs
conductors. 146.055 other trainmen and
3s.253 switch tenders, crossing tenders
and watchmen.
on June 80. 1918. according to the an
nual reports submitted to the commission
by roads having gross operating reven-
ues OF 100000 or more, together with re-
turns made in reports filed in behalf OF
their incorporating subsidiary lines. the
par value OF the amount OF railway cap
ital outstanding was sl9.796,125.ll2.
This amount includes capital held by
the railway companies concerned as we'll
as by the public. or the total amount OF
such capital outstanding there existed as
stock ss,6lo,6l1.327, of which s7.@3l ,5l5,-
olb was common and s1,3T9,096,2S2 was
preferred the remaining part, Sl1,1S5,-
51t,306. representing funded debt, con-
sisting OF mortgage bonds, ss,ls6,366,f26 .
collateral trust bonds. si,ls9,636,7a6:
plain bonds debentures and notes, Si.107,-
o7s.7S3 income bonds. se50.@90,655 mis-
ucllaneous funded obligations. ss2.s5S,975.
and equipment trust obligations $780,
2S5.45O.
or the total capital stock outstanding
for the roads under consideration s2.S36,-
02S.I4i, or 1924 per cent, paid no divi-
dends. The amount OF dividends declared
during the year (by both operating and
incorporating companies represented in
this statemenD was $36s,so6,32 being
equivalent to CAS- per cent. on dividend
paying stock.
The average rate OF dividends paid on
all stocks outstanding pertaining to the
roads under consideration was 42s per
cent No interest was paid on Sizes
776.74s. or 1914 per cent OF the total
amount OF funded debt outstanding (other
than equipment trust oblgatons).