The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-01-15

tC0utiHuoa rEOm rage ~
fancy figure. Publicity blocked the
Cleveland scheme. small stockhold-
era by the hundreds holding on to
their shares.
The cOmpany's monthly financial
report to tile public service COM
mission, fled today. gives no flnan-
ciaI basis for even a slight increase
in its other stock value.
Ryenue Drop Shown
On the contrary, the report shows
the company finished 1925 with less
revenue from passengers than In
1923. the year accepted by the com
mission as basis for comparison.
The company's report. made in ac-
cordance with an April 10 Q3e4l
commission order. shows revenue In
creased in November and December
over the same months in 1928, which
were set up by the commission for
comparison in arriving at the sums
to be set aside for a special deprecia-
ton fund.
In November. 1925. gross income
from passengers was $40S. 100.15, or
s7,54o.S6 greater than iii November.
1923.
In December, 1925. income from
passengers was S441, 223.45, or $14,-
1925 greater tnan during the sainc
period in 1923.
Depreciation Reserve
These increases, which are at
tributed to the. increased fares grant
ed the company in April. 1924. were
aside for a special depreciation FUNGI
1t was estimated this fund would
amount to s5OO.O 900 a year. This es-
innate has never been realized. At
the beginning of November, 1925,
there was an accumulated deficit Of
$94,742.25. which was reduced by the
excess November earnings to $751;.
2o1.29. and still further by the De
|cember earnings to $40, 4O9.24
This $72, 409.24 represents the diff
ference between the income from
revenue and transfer passengers
in 1928 and income from revenue
and transfer passengers in 1925,
during which the company operat-
ed on slightly higher fare, which
not only failed to produce the
$500, 900 special maintenance fund,
but in reality failed TO produce the
previous revenue by $72 .409.2i.
Did Weather Do It7
A popularity Of the traffic for De
cember, 1925, difficult to explain. is
that while revenue exceeded that of
1928 by s14.7s2,15. it was $685.
s25.12 less than revenue for Decem-
Der. 1924. Comparison OF weather
statistics for the last two Defenders
shows that in 1925 the weather was
less pleasant than in 1924, although
there was slightly lower average
temperature and a somewhat great
er precipitation in 1924. There is
so little difference in the weather
figures for the two periods that it
is not possible to decide whether bad
weather increased or diminished
Street car traffic.
Figures show. however. that a Z
great many less persons used street
cars in December. 1925. than in De
cember. 1924, although same fares
prevailed.
Daily reports on transfers issued |
under the 2-cent rate, which went |
into effect Jan. /, indicate the esti- |
mated increased transfer revenue |
will be realized II the present use
of the 2-cent transfer continues the |
revenue from this business !
will amount to approximately |
$4,000 a year,
Present traffic conditions indicate |
that with the existing fares the
street railway will have an income
for 1926 comparable with the in |
come for 1928, which it failed to
realize in 1926
Bus Cost Given
Detailed expenditures for Novem.
Der, 1925. filed with the income re-
port. discloses an operating expense
increase over October, 1925, OF
$304.23 and an increase over No
vember. 1924, OF $14.262.40. OF this |
increase in November. 1925. the sum
of $13,264.31 is charged to operation
Of motor buses of which there
were none in operation in 1924. Eek
penditures for power in November,
1925, were $7.464.59 in excess OF that
in the same month of 1924. but the
net increase in operating costs was
reduced by less expenditures in car
service supplies and wages.
Under additions and better1ments