New-York tribune., 1918-05-29
Corporate Returns

NOl oCi diC l\ClullIo
National Conduit and CabIe.-The
company reports net sales for the first
quarter of 1913 of S2,485,846. These
figures, it is explained, seem very low,
due to the fact that the customer fur
nishes the metal, and consequently is
not billed therefor. Manufacturing
costs and expenses totalled S2,612 68J,
thereby leaving loss from operation
of $126,839, to which otheuas income
amounting to S13,580 was added. After
deducting taxes of $30,642, organization
expenses written off of $4,000, interest
charges of S72,214, and depreciation
reserve Of S70,413, the total loss for
the quarter amounted to $292,413.
Hudson & Manhattan Railroad Com
pany. Report for April discloses
gross earnings of S577,898, compared
with S524,O53 for the same period of
against S279,549 for the corresponding
month of the preceding year. Sur
plus after charges for the month
amounted to 87,461. Gross earnings
for the first four months of 1918 were
$2,280,555. Net earnings totalled
$1,151,3 $40, against $1,152,736 for the
same months of the year before. Sur
plus for the period was $281, 1882, a de-
crease Of $1,776 from the corresponding
period of 1917.
Missouri, Kansas & Texas Railroad.
The company's report for April shows
operating revenue of $4,189,357, against
S3,06O,530 for the same month of the
previous year. Operating expenses
were $3,474,391, leaving net operating
revenue of $714,966, an increase of
$185,196 over the corresponding period
the year before. Operating income
amounted to $543,808, compared with
S393,572 for the same month of last
year. Net loss totalled $70,253, against
$132,117 for April of the previous year
Operating revenue for the four months
ended April 80 was $15,66S,3S2. After
operating expenses of 1891 1892, the
net operating revenue amounted to
$1,976,400, from which tax accruals of
$619,392 was deducted, leaving operat-
ing income of $1.357, ,0O8. Net loss sus-
tanned during the period totalled
S1,463,541, an increase of $625,187 over
the corresponding months of last year.
Philadelphia & Reading Railway.-The
company reports receipts for April of
$6,66S,040, an increase Of 81 1,4l9,75l over
the same month of last year. Expenses
ating of s1,127 ,3e7, against s1,1s9,416
for the corresponding period of the
year before. Rent, interest, taxes; ETC.,
totalled $882,500, compared with $780,
500 for the same period of last year
Surplus for the month amounted to
S244,867. Receipts for the first four
months of 1918 were $21, ,932 ,562. Ex-
penses were $20,885 ,093, an increase of
$5,313,323 over the corresponding
months of the preceding year. Deficit
for the period amounted to $2,482,5
w wit Of
955,720 for the same period of 1917.
Philadelphia & Reading Coal and Iron
Company.--Statement of business for
April discloses receipts of $4,244,244,
against $3,328,060 for the corresponding
month of previous year. After expenses
of $4,016,113, profit in operating was
S22S, ,12o, decrease of $3,557 from the
same period of the year before. In
terest and taxes were $4,000. Surplus
totalled $208,129, compared with $219,-
1877 for April of last year. Receipts
last were $16,868, ,432. Profit in oper-
ating for that period amounted to
$1,033,158, from which interest and
taxes of $320,O00 were deducted. leav
ing surplus for the four months #
$713, ,159.
Third Avenue Railway Company
Operating revenue for April amounted
to S823,118, compared with $877,207
Operating expenses totalled $685. ,750,
against $594,228 for the corresponding
month of the preceding year. Gross
income IS slo'. 1892, decrease of
year before. Deficit for the month
amounted to $34,627. Operating rev
'enue for the ten months ended April
80, 1918, was S8,477,83l. Expenses
were $6,059,738, compared with $5,-
849138 for the same months of the
previous year, an increase of $21o,6O0
Deficit for the period was $780,
148, against deficit of $1,440,185 for
the corresponding period Of the year
before.
Reading .Company.-Receipts for
April amounted to $605,978, against
S5S6,l3S Tor the same month of 1917
Expenses totalled $12,550. Profit was
$593,42S, compared with s576,231 for
the corresponding period of last year.
Surplus for the period was S118,927,
an increase of s35,696. Receipts for
the first four months of the current
year were $2.426,496. Expenses were
S42,330, leaving profit of S2,384165,
which compares with $2,307, 1896 for
the same time last year. Interest and
taxes amounted to $1,S08,000 Surplus
was S486,165, compared with 1895 ,296
tor the same months of the previous
year, an increase of $15O.S69.
Southern Pacific Railway Company
The April operating statement discloses
gross earnings of S12,190,59s, compared
with $11,l97, SAC FOR the corresponding
period Of the previous year. Balance
after taxes amounted to S2,733,f76,
against $3,470,094 for the same month
OF last year, decrease of S736,918.
Net operating income totalled S3,158,-
SOo Gross earnings for the first four
months OF the current year were S46,.
X14,691. Balance after taxes was 81