The New York herald., 1921-12-30
RAILROADS PICK UP
DURING NOVEMBER
Net Operating Income Of POI
Glass 1 Carriers Expected
to Be $6O,000,000.

Iorty railroad companies warrant the
! assumption that the net operating in
come of the POI class 1 carriers for
that month will be more than $50. o.000,-
900. With several carriers reporting
! unlocked for increases in net earnings
compared with those of November. 1920.
certain authorities have placed the
probable aggregate as high as &c.,.
| 000,0 900.
| The previous calculations that last
November's earnings would be less than
half the sos. 100000 reported for Octo-
ber and some $5.O0o.0o0 less than the
| $b4.000.OO0 reported for November,
1920, are upset.
A consolidated income statement of
the Pittsburgh and West Virginia Rail-
way and the West Side Belt Railway for
1921, announced yesterday by Fl. f.
| Farrell, president Of the two companies,
indicates that the years net income will
be $l.274,070 after all deductions.
To $2.614.276 in railway operating
revenue for eleven months ended on No
venlber 80 the statement adds $2,495, $40
in other income from interest and dfvi-
dends on securities owned and compen-
sation for the Federal control period.
Deductions are then made for 100000
In estimated operating loss for Decenl-
ber s3,340.s21 in operating expenses to
November 80 and other debts TO in
come amounting to s394.725, leaving
S1,274,070 in net income.
AS OF December Of, 1921, the COM
panies had cash on hand. Treasury GER
tificates and Government securities
totaling $2.017,950 against were ST.
203,0 of outstanding equipment trust
obligations and $4,000 in first mort
gage bonds Of the West Side Belt Rail-
way.
The two companies as of December 81.
1921, had s2,017,950 in cash on hand.
Treasury certificates and Government
securities. The corresponding items on
the books Of the Pittsburgh Terminal
Railroad and Coal Company on that date
aggregated $2.6s9,e72. The earnings Of
the coal company, which Is controlled
by the Pittsburgh and West Virginia,
were not reported.
Important roads reporting yesterday
included:
SOUTHERN RAILWAY.
Company's report:
November gross. :. .sf1 .15s.c56 12.ess $40
Net operating income 2,36660S 36S, ,037
II months gross. -. .11s s.210,S02 139, ,2s4.959
Balance after taxes. 15.St1S14 17,454 ,G2o
Net operating income. II. .165,s34 14,52s.71i
NORFOLK AND WESTERN.
| Companys report:
November opcr rev.. seo4s. Goa ss.s55i .osa
Balance after expenses. 1.5s7s49 s69.STo
Gross income. ....... 2.075.435 1.345,46O
Surplus after charges l62s.292 se4.s41
| II months oper rev.. 73,J13,51S S0.396,9lI
Balance after taxes. 0.s30,617 1880. l4o
Gross income. ... 13,0l9,54O 1886. .G34
Surplus after charges s.1o6.292 '1.524.s5o
sDeficit.
CANADIAN PACIFIC.
| 1921 1920
November gross $1s.7Sy 67e S23,799. .146
Net after expenses. 3G71 sol 4,0l3.Olo
IL months gross. .1I1 264, ,929 196, WI .lol
Net after expenses. 81, 2,2S3.95S 30.930.v'l
| Atchison, Topeka g. Santa Fe system re-
| ports earnings for the month of November
| and eleven months as follows
November gross. &. :. $50 264,7o5 s24,275.5i
Net operating income 5,073,oo7 4,s34,5o
Il months gross 2l9 ssSd38 39 2a 81 SSs sG9 sa9
Net operating income Al 074,023 36,127 ,262
Note-Operating expenses reported are the
actual expenses and exclude charges In 1920
setting up maintenance reserves and credits
IN 1921 cutting back such reserves.
MISSOURI PACIFIC.
November gross. =. se.2oi.eeo ii.7ss,s7
Net oper mouSs oiSsis ,o
Net aVt'f oper. I0s income o.S7s.S7o $3.50 ass
BOSTON AND MAINE.
November gross. se,555 Ss1 :75sssSS 5sa 5sd
Eleven months gross. 72.l4as.,SSss 79.s52, ,5ss @
Net oper. deficit...... 1.567, ,163 III ,S42, ,563
sDeficlt.
CHESAPEAKE AND OHIO.
November gross. $50. se.eo2, 125 SO. 500, ,ss1
Net oper. income he. 80. i2i07,54s io.o02. 1858
ATLANTIC COAST LINE.
1921. 1920.
November gross. $50. s5.345'777 sd.Iss, ,oso
Net oper. income...... 522655 .1s4.I25
Eleven months gross. 60.4770G4 66,O54. .302 |
Net oper. income..... 3,4s6,623 '5ss. 600
@Deficit.
ROCK ISLAND LINES.
Company report:
November gross .s11 .o9o.so7 si2o7S or oo4
Total income. ........ 1851 SOB 1.030,493 |
Eleven months gross. .12e .271.7e5 13ol4edso
Total income. ......... 20,S9I.2f9 4.s99 .6S2 |
Surplus after charges. 5.6o6.299 ts,3Os.275 |
%Deficit.
NEW YORK. NEW HAVEN AND HART
FORD.
Companys report:
November gross. i. $40. .2o7, ,i2s sil S07 $50
Eleven months gross. .106 ,505.s19 1f3, 3,202,7l7 !
Net operating deficit. s.iss 11,2s3.3i6 |
sDeficit.
CHICAGO, MILWAUKEE AND ST. PAUL.
Company's report:
1921. 1920
November gross. 49,. .s11 sos ,s1s s15.G5e 9o3 |
Net operating income. 6,145 425, $50 |
Eleven months gross. .13J. Az .9s4 1865. 1852. .O5s
Net operating income. 5.0S7. .038 1885, ,404 |
sDeficit.
NORFOLK AND WESTERN.
1921. 1920.
November gross. ...... S6.939. 600 $500, 757 |
Net operating income. ,o22, 1871 f.1SS, $50 |
Eleven months gross. 1851 ,696 0.04S .422 |
Net operating income. IL. 1875 2.T6J, 500 |
PERE MARQUETTE.
1921. 1920.
November gross. S3,304,g21 S3,G,y2. .0sT |
Net operating income. 800 2T6 406,3S 1
Eleven months gross. 35,51T,13O 1880, ,7f3 |
Net operating income. 5,021 COG 165. 100 |
REALTY SALE AND GIFT