The log cabin Democrat., 1915-10-07
MISSOURI PACIFIC
 DEFICIT, SI,3I8,OOO
ROADS SHOWINCIIS POOR
IRON MOUNTAIN NET INCOME ONLY $77,000, DECREASE OF
 $2,752,O00 FOR YEAR.

St. Louis, Oct. "A net deficit of S1,318,000 for the year ending June 30, 1915, is shown in the annual re- port of the Missouri Pacific railroad made public today. The net deficit increased $33s,00O over the preced- ing year despite the fact that the gross incoue was $7698,OO0.-a gain of $42,000.
 The net income of the St. Louis, Iron Mountain and Southern was $77,000, a decrease of $2,750,000. The amount spent by the Missouri Pacific for additions and equipments was ST. 84,000, and by the Iron Mountain, $1,032,00. The net operating income of the Missouri Pacific was $6,626,000, an increase of 1,S23,000.
 No change was made in the out standing capital stock during the year. The funded debt of the Missou- IT Pacific was decreased $97,000, and the equipment trust obligations de- creased, $626,000, total of $723,000. The funded debt of the Iron Noun tain increased $S26, ,000, and the equip ment trust obligations decreased SAY ,000, leaving net increase of $394 ,O00. The total decrease on the two systems was $374,000.
 No new lines were constructed dur ing the year. The mileage system in- creased STA miles during the year, due principally to the opening of the new Union station at Kansas City, Mo. Equipment costing $846,325.16 was added during the year. The equipment follows: Three steel letter cars, four steel paper cars, IS steel baggage cars, II steel baggage and mail cars, nine steel divided coaches, 23 steel chair cars, two steel parlor cars, two steel cafe and parlor cars, one steel passenger and baggage car, one steam wrecking crane, three To- comotive cranes, one locomotive pile. driver, one bridge erecting derrick, two auto trucks.
 Other items under improvements were: Improvement and additions to roadway, $1,799,90236; station and office buildings, $7O,558.83. Among the improvements made were: Con- struction 7.78 miles of siding and spur track, building of 29.36 moles of right-of-way fence, construction of four brick and three frame stations and the remodeling of 15 stations, re- placing with permanent structures 2O,756 feet of wooden bridges, build ing of 6,228 lineal feet of concrete culverts and 3,515 feet of cast iron pipe culverts, relaying with new rail of 131O5 miles of track, with re-rolled rail 37.41 miles, and with relaying rail 37.41 miles, applying of 283,O95 cubic yards of ballast material.
 Under the head of operations the report says freight revenue shrank s311, 315.O1 during the year and that there was a general decline in all kinds of traffic. The decrease in de- mands for lumber and the condition of the cotton market are blamed TOT the freight decrease. The average freight haul was 248.28 miles, an in- crease of 3.17 per cent. The com bined net decrease in mail, express and other revenues was $170, 0,lo2.zo. Passenger revenues showed a decline of s1 .295, 5,OO7.9S, or 11.6 per cent. The expenditures for maintenance or way and maintenance of equipment eoualed 32.49 per cent of the total rev. enues as compared with 31.5 per cent last wear. The depreciation of loco- motives and cars. placed at $1,ooo'- 900. was a factor in this ratio, the re- mort says. The maintenance of way