Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1916-03-09
ROAD HOLDINGS ARE
SHOWING UP BETTER.
Connecticut Company Reports 500, 900
Increase Over January, 1915.

Subsidiaries Of the New York New
Haven and Hartford Railroad company |
in some instances showed deficits for
the month OF January, but the better
of these properties showed q good gain
in business for the seven months end
ing Jan. 81. Gross income of the Cen
traI New England Railway company
for January was S1o4,35S and the de-
amounted to s139,255. showing a deficit
of Ss4se6. The seven months period,
however, was a fine business showing,
the net corporate income being $s32,-
10. For the same period to Jan. 81,
1915, it was $51, 1024.73.
The Connecticut company showed an
operating revenue Of S7OI, sos in Janu-
airy of this year, nearly 100000 more
than in 1915. The operating expenses
and taxes were $3.50, 955-only about
year before. The net corporate in
come for January, 1916, was $144,637,
and for the seven months was 81, 49,
22S, an increase of $556,0SS over the
corresponding seven months Of the
year before.
Boats on the Connecticut river did
not make much money in January to
go into dividends. The Hartford and
New York Transportation company
had an operating revenue of $74,210 in
January. The operating expenses and
taxes were s69,266, making an operat-
ing income of $4,943 and with other
income the total swelled to S6,559. In
terest, rentals, ETC., were 1888, show
ing a deficit of $1,3T5. The seven
months period was on the right side
of the ledger, the operating revenue
being s755.13S and the operating ex-
penses and taxes $559,169. Gross in
come was s235,707, and the net cor
porate income $l77,394, a large gain
corresponding period, which was Ss2.-
6S7.
Comfort can be gained from the
gradual diminution of the deficits Of
the New York, Westminster and Boston
Railway company, of which the New
stock. The deficit for the seven months
ending Jan. 81, 1915, was $7s,4s4 and
lis Il ' " -' "a~ ''''
The Housatonic Power company. too,
made a cheerful change from a S42, $50
deficit for the seven months ending
Jan. 81, 1915, to a net corporate in
come Of $38,151 for seven months end
ing in 1916. The Westohester Street
Railway company was one which
showed no financial improvement for
the seven months period. The deficit
was $40, 100 in 1915 and S11,515 in 1916.
The New York and Stamford Railway
company kept going the same way
deficit of 1854 in 1915, deficit OF 81, 4ss
in 1915.
DSllGiNS are growing on uAle
Berkshire street railway system, with
a constant increase in operating in
come. In 1915 the deficit was soc, 1897
and this year it is down to s25, 273.
| The Rhode Island company-with the
| stock in the hands of trustees on the
same plan as the Connecticut company
hasn't done as well in the seven
months recently ended as il did in the
period neding in January, 1915. The
net corporate income for the first Pc
| riod was $45.675 and for the second was
| $24,736.
| Although a deficit of s44,527 was
| shown by the New England Steamship
| company for the month of January the
| general outlook was prosperous. The
| net corporate income for the sever
months was $313,30s, quite a gain from
the S66,SS0 in 1915. The New Bedford
| Martha's Vineyard and Nantucke
| Steamboat company changed a defici
| of January, 1915, into a net corporate
income of S2,4S4 in January. 1916. Fol
the seven months the net corporate in.
come was $74, 09s.
The New York, Ontoria and Western
| Railway company. of which the New
Haven owns SOL per cent, was appar'
entity in the money making class. II
the seven months period IL had rail
| way operating revenues OF S5,416,5
and operating expenses, taxes, etc. o
1886, 309, leaving a railway operating
income Of S1.620,2SO. The non-operat
ing income was $105.142. making
gross income of s1,725,431. Interest
rentals, etc, were S949,645, leaving
net corporate income of s775,7s6.