The Birmingham age-herald., 1923-04-19
Rock Island Lines

CHICAGO, April 1s-Although assert ing 1t was handicapped by adverse con ditions the Chicago. Rock Iss..d and Pa eific Railway company, embracing 10 rail roads known as the Rock Island Lines" In it's forty third annual report for the fiscal year ending December 3l, 1922, made public today. declared the company had made very satisfactory showing" and indicated balance of Income avail able for dividends of s4,2s5,a7s.72.
 Full dividends the preferred stock amounted to s3,567.335, the report said. leaving a surplus of s7ls,oiS.72, which was credited 10 profit and loss.
 1'he shop strike was among the "ad- verse conditions" listed in the report. As q result of conditions resulting from new methods that were adopted to meet the strike. the report stated that the Rock Island company eventually would be able to operate its lines with foree of ap- proxfmately 5e0 men instead of l1,b0o as formerly, retaining the same efficiency of operation.
 Declaring the nsportation act of 1920 was "the first piece of constructive rail way legislation ever enacted by Con. gress" the report called upon the stock holders to take an active interest in all matters of public regulation affecting the
 Tie effect of the coal strike from April
 GRtl October l, the report said, was felt severely. The increased fuel bill in 1922 amounted to St.f52 900 more than what it would have been had there been no coal strike
 Loss in freight revenues in 1922 was ascrlbed 10 reduction of freight rates or dered by the interstate commerce commits sion. Tine aggregate effect of the reduc- tons, the report estimated at Sf0.000. 900.
 During the year the report stated that all matters arising out of federal control were settled with the government, in eluding the guaranty period" of six uonths Immediately following federal con. troi. Negotiations and consideration Of the companys claims for under matnte- nance brought the company's Indebtedness to inc director general of railroads from $7 800 .00O 10 $2, 500. 000 for which note dated March l, 1880 was given.
 Expenditures made by the railroad ad- minstra tion for additions and betterment of the property was fixed at S5,50o,o0o which was borrowed from the Secretary of the Treasury under the terms of the S10 a30. 900, covering indebtedness origl- hated during federal control were paid hy the company to the war finance cor poration
 New equipment at total cost of s1o, 76t.74750, has been ordered and will he placed in operation during 1923 Saving In fuel eNpenditures was expected to result from Installation of oil burning equip ment on the lines in Arkansas and Louis tana.
 Total operating revenue was s125,os6. 233 3S. as compared with s139 212 024.0l in ta@1: total railway operating expenses. 1929. SloO,57o 925 s5; 1921. sIi2 95S;o57:l9. Total oposrr9atins income ado 1922 Sls,SSo.- fa32 S2O095,ss ss4.2S. 1921, s23.O51,sSl. .35; total deductions 1912, Sl5,s10.505 6s; 1921. $1T.27L572.13; total dividends the same for both years S3.56i,S85. Credit balances as of December ST. 1922, was s1a,3o0, 20 73
 Total assets for 1922 were placed a; s4S0.920, lS62o, decrease of s59,110 3ss.2 over 1921. Expenditures by all the Rock Island companies during 1922 for addi lions and betternent were $2.59o,533. IF.