New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-07
Missouri Pacific
Deficit Is $7O5,OOO,
1920 Report Shows
Railroad Had Operating In
come of Over S6,OOO,.
600 in 1919; Decline i'm
Spite of Increased Rates

The Missouri Pacific was reorganized,
after having been taken out Of re-
ceivers' hands year before govern
nsnt operation was undertaken, Jsnu-
airy !. 1918 The reorganization had
been considered sound The property
consists Of 1900 miles of line, with a
rain line from ST. Louis to a eonnec-
ton with the Denver & Rio Grande at
Pueblo, Col, and with a line running
from st. Louis to Texarkana, Ark,
ard lines connecting Omaha, Kansas
Iisy and st. Louis. This is all highly
competitive territory.
Competition was resumed March /.
1870. The road, however, was operated
ande. government guarantees for six
months to September l. The operation
o. the property exclusive of govern
ment rentals or guarantees, left def
cit in 1920 of s705,0o0, after the pay
nent Of taxes. In 1919 the operating
income after payment of taxes amounted
% S6,25S,000. This was despite the
fact that gross operating revenues were
" per cent higher IN 1920 than in the
previous year, and totaled S118,721, zoo
10 ls2e. Passenger revenue increased
but slightly, but freight revenue in
erased by 30 per cent.
Total operating expenses amounted
. sll3,S20,000 in 1920, an increase Of
50 per cent over the previous year.
maintenance of equipment expenses
increased somewhat out of line with
me other expenses and amounted to
Ns,76S,Oe0 In 1920 and were 43 per cent
more than in 1919. Transportation ex-
psnses. which include the actual ex-
psnses Of moving trains, were $751;
10000 In 1920. an increase of "a per
cent The four classes Of expenses
Under the heading Of TRANSFORMATION ex-
pensss In which increases bulked
Mrgsst, on the Missouri Pacific. weres
me wages Of station employees; fuel
iof train locom olives; the wage Of
sfaia engine men, and the wages Of
sa'n men Almost every item under
the head of transportation expenses
saeSed large increases.
:, a notable gain is made in train
.osaing. The average revenue freight
@. main load In 1920 was $50 tons, or
iS'sz per cent greater than in 1919,
ana gain was made In car-ioading,
W average load per loaded car being
1918. ~ ~
The operating statistics show a gain
n emciency Of operation which should
os senected in transportation expenes,
ssaa are not, apparently. One thing,
guu9WeVer, should be noted. In 1920 the
aissour Pacific carried 33,960,000 tons
W revenue freight, an increase in
"ansge OF 24.86 per cent. 1t would
r.,iH al
p pss conditions the Missouri Pa
aas was able TO regain some Of the
lame which, 1t was asserted by Mis-
s ss Pacific officers, was taken away
T mom It during government operation.
sase carried in 1920 was 6,119,000, an
var 81 over 20 per cent, and Che ton
s Iuss increased nearly 3e per cent,
s sane 5he tonnage of manufactures in
LEASED nearly Al per cent. In 1920 OF
; ~ setal tonnage OF all classes OF
muesIsghs' products Of mines furnished
a. cent, manufacturers and miscel-
s:neeus 1882 per cent, products of ag-
,multare 1913 per cent and cattle and
iM'mal products 3.Bl per cent. AL
sas than carload freight furnished
~ sg0 per cent of the total tonnage OF
- classes Of freight carried.
ahe corporation shows a net income
sTsssnnsaferred to profit and loss Of So
= Sso Ivy, IN 1920, as against $4,241 ,00o
!, ! 'sls, but this includes the rental for
sc nrst two months Of 1920 and the
saafanties for che following SIX
is s,hses. The 1919 corporation revenue
''stnees the rental for the year.