New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-01-03
N. Ii. NET INCOME
ALMOST TREBLES
Earnings for Five Mouths
Show an Increase OF
S2,15S,5S5.
p. r. X. ALSO SHARES
IN COUNTRY'S BOOM
improvement in Business Re-
Elected in Reports Made by
Two Great Systems.

I'm the first five months Of It's current
fiscal year The New Haven Railroad al
most treblcd its net operating income
Figures. made public this morning
show net earnings IN 10 December
OF 1881 973. as compared with Sl.173,-
3SS in tho corresponding period Of q
yesr ago. In November the net earn
ings w,rc $52O.591 net. as compared with
a defci, Of Sl7O,758 in November, 1914.
The Pennsylvania report for No
vember and for eleven months also is
sued to-day is equally good.
This increase reflects the improve
mcut in business in the territory ira
vcrsed by the two systems. and in the
case Of the New Haven the economies
in operation instituted by Howard FL
lot; as well.
ln the i've months covered by the
New Haven report gross earnings in
creased from $2S.0SO,221 in 1914 TO
S21.763. DOL. an increase of SS,6S4.S40. In
the same period operating expenses
and taXes increased from s2o,407,17O TO
2l,O50,202, or S643,03
The increase in earnings Is quite
general throughout the system. The
Central New England shows S22,621 net
in five months as compared with q
deficit Of S59.397 year ago; the New
York, Ontario & Western increasing
from S555,O95 to s6s4,64s; the steam
ship lines from s191.O2S 10 S3S9,O7l,
and the Connecticut company (trol-
lcys), from S52715S "a sS74I77. The
Rhode Island Company ttrolleys)
shows a falling of from sS6.777 to
Sl9.925.
Westchester I Surprise
An interesting feature Of the sheet
is the Westchester exhibit. In No
ycmbcr "the white elephant Of the
New Haven" came within s1,62S Of
paying operating expenses and taxes,
"a gain ~ earnings III the month Of
SiO.4lS. as compared with November,
1914, when the deficit was S12,046. In
five months the deficit on this road is
only $500 as compared with sol 1913
% the first FIVE months OF 1914.
These figures. however. do not show
The enormous business now offering to
he company. which, for the first time
In years. has more traffic than II can
handle
We have" says Chairman Elliott.
very difficult problem here, and just
aw IL is assuming a new phase. After
20 years Of such a limited business
lat the company could hardly sustain
elf. we now have "a greater volume
freight business than our trackage
.lmits Us 10 handle with precision
. 10 satisfaction to our patrons
New Haven Showing.
The detailed statement OF the New
Haven. comparing the FIVE months to
November 80. 1915. with the similar
Deriod in 1914. shows the following:
Mileage Of road operated -O6a5 zoos 10
i "u,' .'...' ' ssl.7s5oslss s9s.osO22l. 1853
Opcrating expenses. uu-
saas sand sad ' isass'..''. 2lo5oeoss' 2o~'l7O.;,
s5s@silas ,a.,s. '''5las .s;ss 6
Gro.. income ........slI 5s7.Os8>7 ssSg-.5Ii9,
rem r56isi' ' e,c........... so.5l2oN l7a,Igs7e
Ne, corporate income ;3.asLs73H $l75.sssl Is
On the Pennsylvania gross earnings
in November increased s7,7601O2. to
S35.092.170; operating expenses in
creased S2,193,847. 10 S25.5ll .256. and
net S5,566,254 70 S9.5SO.91l. In eleven
months gross increased Sl2.139.65O. TO
S339 526,090. and net increased ST.
O75.j94, TO SSO.403. 423. In twelve
months ended November 80 the net
earned was 5.27 per cent on the prop
erty investment. as compared with 4.3S
in the preceding twelve months.
The detailed statement Of tho Pam