The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-09-26
INTERBOROUGH net
EARNINGS DECREASE
Attributed to an Increase Of
$2,530,043 in Opcrat-
ing Expenses.
LINES CARRY 40. 998.33s
Larger Car Mileage and Higher
Costs of Labor and Ma.
terials Cut Profits.
LINES CARRY 77O,998.a3S

The PETERBOROUGH Rapid Transit CON.
pany for the fiscal year ended June 80
last earned S2O4S on It's $4,000, 900 o.
stock, compared with s2s share for the
twelve months ended June 30, 1917 The
decline in earnings was due TO increased
operating expenses. Earnings available
for dividends amounted TO $7,l7l,2G;.
compared with s9102,6o4 for the pre-
yious fiscal year.
The subway and elevated lines during
the year carried 7.424.250 more passed.
gers than in the previous year, the total
number Transported being 770.99S335 on
both elevated and subway lines. SHOW
ing the expansion Of travel 4l4S,G'i
more passengers were transported by
the subway lines and 3,2s0,5I6 more on
the elevated lines.
Theodore T. Shonts, president Of tic
company. attributes the Increase o.
32,53o,o43 In operating expenses To- ;nc
larger car mileage and the continued
tendency to increased cost OF labor anu
materials.
In discussing the extent TO which
work has progressed on the new sub
ways Mr.. Shonts says:
During tbs year the Seventh avenue
lire from its connection with the present
subway at broadway and forthwith
street TO South Ferry and to Wall and
William streets on the Clark stree
tunnel branch was practically completed
except station finish. On that portion
OF the Clark street tunnel line from Wal
street to a connection with the present
subway east OF Borough Hall, Brooklyr,
the construction work Is about ~ rer
cent completed. except station fnisi
Track !nstalla ton Is progressing, The
equipment OF this line except the Clsr;
street tunnel portion Is nearly completed.
Parkway Line Nearly Ready.
"The construction of the Eastern PARK
way line from the terminus of the presen
subway at Atlantic avenue 70 Buffa,0
avenue, including Nostrand avenue
branch. Is about go per cent completed
The Livonia avenue extension is ahou'
25 per cent. completed. The station
finish work Is under way. The only
equipment work started Is drainage
which Is 35 per cent. completed.
The construction OF the Lexington
avenue line from its connection with TIE
present subway at Thirty-eighth stree
and Park avenue to its terminus 8,
woodlawn road Jerome avenue, inoud-
Ing station finish. is practically con
pleted. The equipment work is pra,.
tically completed. except the ventIIato'
system, details Of which are being worHeo
out
THE construction of the Pelham Ra'
branch from its connection with the Lex
ington avenue SUBWAY at 18Th stree
and Park avenue to Bancroft stree ana
Whitlock avenue Is about completed arc
,, the equipment work ie progressing In
elevated portion from Bancroft stree, :"
| Pelham Bay Park terminus u MOI
| erected.
New Subway Routes.
."When the above lines are conn cen
| the system will consist OF Inc iron
| o42d street and Broadway (Nan 'or''a''.
Park) via Broadway to conne'to.
with the Seventh avenue subway ~
| Forthwith street. Times Square. ma :
being two and three tracks ABOVE y metz
sixth street and four tracks "'I''
| Ninety-sixth street; also l'n' i'"'
| 241st street and White Plains road. COR
sistins OF a three track Niaduct stTu',E''
via White Plains road to l7oth stree
and Boston road. West Farms, where u.
| toins the West Farms branch Of tue pr
emit subway, which connec,S Win -
broadway subway at NinetN-siA'h stree.
and thence to Times Square. where "
connects with the Seventh avenue 'i.