Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-08

Class railroads of the United States
for the first six months OF 1881 had q
net railway operating income of $685.
$50, 140. which was at the annual rate
Of return of 2.i5 per cent on their
property investment, according to re-
ports filed by the carriers with the
Bureau of Railway Economics In the
first six months of 1890 their net rail-
way operating income was $377, 379, all,
or 3.46 per cent on their property in
vestment
Property investment IS the value OF
road and equipment as shown by the
books Of the railways, including ma
terials, supplies and cash. The net
railway operating income is what is
left after the payment of operating ex-
penses, taxes and equipment rentals,
but before interest and other fixed
charges are paid.
This compilation as to earnings for
the first six months of 1891 is based on
year ago, or decrease Of 17.2 per cent.
representing total Of 242 1878 miles.
Gross Operating Revenues.
Gross operating revenues for the first
six months of 1881 totaled So 187, 437, :
435. compared with S2,692, 255 .942 for
the same period in 1890, or decrease OF
1873 per cent, Operating expenses for
the first six months of 1881 amounted
to $l,7l6,774,190, compared with S2,-
o73,948.402 for the same period one
year ago or decrease of 17.2 per cent.
Glass / railroads in the first six
months OF 1881 paid S164, 738, SOS in
taxes, compared with $50, 298, SCI for
the same period in 1890, a decrease Of
SO per cent. For the month of June
alone the tax bill Of the Glass / rail-
roads amounted to $27, 492. 263, q de-
crease OF 1851, 1853 under June the
previous year
Forty-one Glass l railroads operated
at loss in the first six months of 1881,
OF which ID were in the Eastern, s in
the Southern and % in the Western
district.
Glass / railroads for the month of
June alone had a net railway operat-
ing income of $50, 1853, which, for
that month, was at the annual rate of
return Of 2.33 per cent on their prop
erty investment In June, 1880, their
net railway operating income was &c.,
162,585, or 3.27 per cent.
Gross operating revenues for the
month Of June amounted to 1868, 8lO,-
1898, compared with $444.05l Asa in
June, 1880, a decrease Of 1853 per cent.
Operating expenses in June totaIed
$3.50, l45,367, compared with 1884, 721 ,480
in the same month Of 1880, a decrease
OF 1853 per cent.
Eastern District.
Glass l railroads in the Eastern dis
trict for the first six months in 1891
had net railway operating income of
$l36,37l,717, which was at the annual
rate Of return of 244 per cent on their
property investment For the same
period In 1880 their net railway operat-
ing income was S220,553 ,050, or 4.o6 per
cent on their property investment
Gross operating revenues of the Class l
railroads in the Eastern district for the
first six months in 1881 totaled ST, 102,
666.479, decrease Of 1913 per cent be-
low the corresponding period the year
before, while operating expenses totaled
1855, f61 1856, decrease OF II per cent
under the same period in 1880
Class | railroads in the Eastern dis
trict for the month Of June had a net
railway operating income of see, 734, $50,
compared with $3e,o26.621 in June,
1890
Glass / railroads In the Southern dis
trict for the first six months of 1881
had net railway operating income of
SIS, 497, 9I2, which was at the annual
rate Of return of 1.55 per cent on their
property investment. For the same
period in 1890, their net railway OPP
Grating income amounted to S43, 189 ,455,
which was at the annual rate of return
of 2.64 per cent. Gross operating rev.
enues of the Class l railroads in the