davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Cotton dips so cents a bale.
BY ELMER G. WALLER
United Press Financial Editor

NEW YORK, Jan. 5.-Stocks were
dull in the short session today with
prices irregular in narrow range.
Best gains were made by mercantile
issues. Automobile issues were
active and firm. Utilities were
steadier. Rails failed to push ahead
after yesterdays rise but they held
their own. Several special issues
made good gains.
Packard was the most active is
sue and sold at So, up p. Auburn
gained more than 2 points and
others of the low-grade motor
shares were higher. Chrysler gained
slightly while General Motors was
unchanged.
Among the mercantile issues to
make wide gains, new highs were
made by Interstate Department
Stores preferred at 821a, up AZ;
and S. H. Kress 81, up 212. Hahn
preferred rose Us to e. and its COM
mon was q higher at 61s. On the
other hand, The Fair preferred
dropped points to SO, and Wool
worth lost fractionally to 1875.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Other livestock
By Times specian

BY Times Specian
LOUISVILLE. Jan. 5.-Cattle-Receipts
IS market nominal compared week ago
steers and heiferS and sausage bulls fully
soc or more higher: cows CSC higher and
stockers and feeders 25c up: closing bulk
common 70 medium slaughter steers and
heifers. 81 50d SIS: fair quota better fin
iShed selections during week, S6G7; top.
81 IS for good $40 pound yearlings; bulk
beef COWS. 50 75d 3.25: good to So so and
above; most low cutters and cutters, 81 so
"a ?. so. closing bulk sausage bulls. SO q 3 so:
palmer grade native stockers. 81 so down
Calves Receipts rs; market fully steady;
bulk better yealers S6NI. medium and
lower grades. SIS so down: market closing.
50c1 81 lower than last Saturday Hogs
seep 700 tSe nlssr TOP sna pyle sds
lbs. up. s7.4S ls0-ls5 lbs. Sis; I60-l75
lbs, se.75; lio-l55 lbs. seas; l2O-i35 lbs.
$3.50; Sows. s6i5. market closing unevenly;
5o-75c higher than last Saturday. Sheep
Receipts. IS. market nominal. lambs
closed strong 10 soc higher most advance
On medium and lower grades bulk me-
dunn 10 good lambs. S7Gs: cohice to IS so
Cr better, bucks discounted common light
throw puts. $3.50: better fat ewes, s2G2.5o.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
HEAVY DEMAND
BRINGS FUTURE
PRICES UPWARD
All Grains Close Higher on
Chicago Board of
Trade.
S. BY HARTMAN w. NICHOLS
Tinted Press Staf CorreSnondent

CHICAGO, Jan. 5.-Prospects for
a sharp reduction in grain stocks
brought buying into wheat late in
the session on the Chicago Board Of
Trade today and prices pulled away
from early easiness.
Wheat finished p to a cent
higher, May 1905 cents; corn was
: to Is cents improved, May 902s
cents, and oats were Il to Is cent
higher, May 81 cents.
It was disclosed around 100000
bushels of No. 2 red winter wheat
in a local public elevator had been
Cancelled for shipment this week
and this led to belief stocks would
be reduced.
As a result May wheat pushed
over the dollar line and went into
new ground since Dec. Is with no
material pressure on the way up.
Buying credited to cash interests
stemmed an early decline. Mills at
Minneapolis were reported as buy
ing July and selling May at that
market.
No moisture was reported over the
dry sections of the winter wheat
belt and the forecast indicated these
territories would remain dry over
the weekend
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05

Approximately 2134 per
cent is in partial default and
the remainder of more than
S5,000,000,000, or more than
60 per cent Of the outstanding
aggregate, is receiving inter-
est in full.
Europe heads the list of American
debtors with a total Of close to
SO ,000,0 100000. Of this amount Ger
many accounts for considerably
more than one-third, with only
100000 par value of bonds re-
ceiving payment in full The re-
mainder is either partly or wholly
mostly wholly-in default. Of the
remainder of Americas investments
in the Old Continent half billion
dollars remain in default, of which
about 200 millions are in complete
default.
Canada holds second place, with
a total Of more than 25s billion
dollars. Only slightly in excess of
100 millions are IL default, or less
than 375 per cent of the total.
South America follows, with to-
tai of about Is billion dollars, of
which slightly more than one-third
is in complete default, and about
44eo in partial default. The full in
terest is being met on only about
one-flfth. Those in complete de-
fault include Chile, Peru, Bolivia
Ecuador. the Brazilian state of
Ceara, all Colombian departments
municipalities and corporations and
the capital of the Republic of Uru-
quay.
The North American Republics
rank fourth with total of $7O7 $780,
155, of which the major portion is
in complete default. Only $130, 727,-
ASS par value of bonds are receiving
interest in full. The defaultors
comprise Mexico, which, for more
than two decades, has withheld pay
ments on her contractual commit
mentS, with the exception of some
minor disbursements in 1924, 1926
and 1927, and Cuba, which, prompted
by irregularities said to have char
acterized the flotation of certain of
her foreign issues under the Ma
chado administration, has invali-
dated the issues so contracted
Australasia is last, with somewhat
less than $700,O0O000. This division
which includes the Australian con-
tinent, the Dutch East Indies, Japan
and China, has given the most
satisfactory account of itself. Only
$11,000,000 worth of Chinese loans
(the so-called Continental of Chi
cago and the Pacific Development
issues of 515 millions each, or only
1.57 per cent of the total. On the
remainder the service has been met
promptly and faithfully.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Produce Markets

Delivered in Indianapolis prices: Heavy
hens. I2c: Leghorn hens. &c: colored
springers. I2c; old rootsters, SIS; ducks. &c:
geese &c: Young guineas. zoe: old guineas
i5c. Turkeys-No. l Young hens, lbs;
over. i5c: Young toms. il-I4 lbs. I3c; No.
? crooked breasts and thin turkeys. &c:
old toms. al weights. lie; No. STRICTLY
fresh country run eggs. loss of. FAC.
Each full case must weigh S.. lbs. gross;
pound under SIS lbs will be made Butter
No l 33dS4c. Butterfat-28c. quoted by
the Wadlev COMPANY
(By United Press
cFlCAG0 2,I sn cases x4s T5Ss 54e
fresh gIaded firsts, 2e'ac; current DE
checks. No. l. zoe; No. 2 16c. Butter
Market firm; receipts. 1906 tubs; extra
Ersts t90-9liz Scorel. 30l : q 81 &C; extras
i92 Scorel 80: frsts $780, Scorel. IS ;
n 29iz &C; seconds S6-s7is scorel. ga 2se
specials. 32i2m 33c; standards. Sic. Poul-
try-Market. steady. receipts, s trucks;
springers. heavy. $50 lec; 6 to Z lbs. goa
PC: Leghorn hens. SG loo; stays. l5c'
black chicks, lSc, hens. l2l2Ml5c. Cheese
Twins. 14i4Ni4i2c: Daisies. l5d Is 4 c.
Longhorns. l5Nl5Ac. Potatoes-Supply
moderate: demand and trading slow; mar
ket dull: Idaho rusSets 81 556I .62iz; one
car. Sl.65. Wisconsin round whites. one
car fair quality 77i,c. one car fine quail
itv and condition COO. Colorado McClures,
one car fine quality. So Arrivals. s. cars;
en- track. 1876: shipments 500.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
RISE SOUGHT

American Railroads File Brief Ask
ing for Boost in Charges.
By United Press
WASHINGTON, Jan. 5.-An in
crease in freight rates to cost ship
pers an estimated $170,000,O0O a year
was asked by the Association OF
American Railroads in brief pre-
pared for submission today to the
interstate Commerce Commission.
The increase was estimated at CT
per cent and was claimed as neces-
sary to maintain the railways credit
structure and meet increased oper-
ating expenses of 100000 900 arising
largely from restoration Of 10 per
cent wage cut.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
FRUITS AND VEGETABLES

l6y united FTeSSl
CHICAGO. Jan. 5.-Apples-Michiga
Mcintosh bushels, SITS few, So; Jona-
thans. S1.65d1.75. Beets-Illinois bushels,
40G50c Caulilower-California crates.
75cmS125. eS-MaSsachusetts IA
barrels S505.25. Lettuce - California
crates. s2.50N4; Arizona. S364 Cabbage
Wisconsin 100 lbs. 75d s5c; Texas crates,
S215M235. Spinach-Texas bushels, COCA
S1l0. Sweet potatoes-Tennessee bushels,
SlG1.l0; Indiana Jerseys. 81 50d so. Car
rots-California crates. S2d2.75. Celery
Michigan square crates 75cms1.25. Tur-
nips-Alabama crates. 50cGs175.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
REQ EXPORTS Squirt
TO NEW HIGH RECORD
Overseas Shipments During 1884
Gain 100 Per Cent.

BIZ Science StFltCc
LANSING, Mich, Jan. 5.-Over-
seas shipments of REQ passenger
cars and speed wagons last year
increased 40 per cent over the
preceding year and $50 per cent over
1882. Elijah G.. Poison, president OF
the REQ Sales Corp. in charge OF
export sales. declared today.
Untitled orders for immediate ex-
port shipment on Jan. l were more
than twice that Of a year ago, il
YVES pointed out.
Reports indicate that 1885 will set
new high records in sales Of Amer
lean built motor vehicles. both pas
senger and commercial. in most OF
the important overseas markets, il
was said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Cash Grain

INDIANAPOLIS
Wheat-Strong: No. l red; ESQ gee; No.
Strong; No. ? white. ga "a 95 &C. No.
No yellow $50 SIC: No. 2 mixed 85m
SIC; No; 3 mixed; s4@ s5e. oats..oFirrmnl;
CBv United Press
CHICAGO. Jan: Cash grain:-Wheat
No. ,. red. sl03ia; No. ?. hard, sl.0S ,;
No s. northern. 81. Corn-No yellow.
old. 96iec; No. .. yellow, 969lc No. 3, vel
low. new. "a &c; No. L. yellow, new, 81 =
white. old. s1O4ia Oats-No 3. white.
55m So &c: sample aga 5194c. Rye, no
sales. Barley. Guotable. SIS a %. Tim
othv. Sl66OM17.85 Glover seed SIS. 65@
S22 90 Sow beans No. 2. yellow. 81 Is;
Cash provisions-Lard. Sl2.85; nominal
loose. s124 40 bid; leaf. $3.50 nominal;
bellies, Sl625 bid.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05

Quotations below are average wholesale
prices being offered to buyers by local
commission dealers.
Fruits-Cranberrtes. Cape Cod. late
Howes. 25-lb. box, $3.50 Grapes, Cali
fornia Emperors, 21~lb. box. S2.25 Per-
simmons California 2iS S135. Bananas,
434c a ID. Apples, Indiana Jonathans,
s1.85; Grimes Golden, 81 .35@l.75. Lemons,
Sunkist. $685. SIS. Grapefruit. Texas, seed
less 50. Lines, Mexican, per carton. 12S,
Csc; Byram, seedless. per hundred. So Call
D'anjo, box. $3.50. Pineapples, 3Os S375.
Vegetables Cabbage; Northern S1b Dan an
New Cabbage. in crates, s2G2.25. Onions,
Idaho sweet. Spanish, large. 50-lb. bag,
$40: Michigan yellow, med, 10-lb. bag,
22c; western white, 5G-lh. bag. S1.85; Mich
gan. yellow. 81 IS. Potatoes. Green Noun
tains. l00-lb. bag 81 so; northern round
white. 10o-lb. bag. Sl.10; Ohios, 100-lb. bag,
81 90: Idaho Russets, 100-lb. bag. So. New
potatoes. s225@25o Sweet potatoes. In
Nancy Halls busheL c sl4o Beans,
medium. dozen. 60c; jumbo. dozen. 75c;
hearts. bunch. s1.25. Cucumbers, dozen
90c: southern bushel. 81. Endive, dozen. 90c.
Egg plant. sl.50G2 dozen. Kale. Virginia.
bushel, CSC. Lettuce. dollhouse. l5-lb.
basket 81 So California Iceberg head let
tuce. $3.50 Mangoes. Florida. crate, 81.
Mint. bunch. l5c. Parsley. dozen, 35c.
Peas hampers 81 so Spinach homegrown
broadleaf, bushel. Sis; Radishes. dozen.
Florida original. So. Turnips, homegrown.
dozen, Csc. Pumpkins. dozen. 81.
All quotations subject to change. up or
down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Ne7U York Stocks

Sales today Appropriated 100000
shares, compared with 100000 shares
last Saturday.
Dow, Jones preliminary closing
averages showed industrialS 1856,
up 81; railroads 1852, up 90, and
utilities 1858, up .0S.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
ELECTION DATE SET
IN Tim es SpeciaI

By Times SpecidI
CHICAGO, Jan. 5.-Elections OF
board of governors and the nomi-
mating committee of the Chicago
Curb Exchange will take place at
the annual members meeting to be
held Jan. IA, it was announced to-
day.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
ENGINEERING AWARDS UP
Total of S2O,I5O,OOO Reported During
Short Holiday Week.

b. Times Special
NEW YORK. Jan. 5.-Engineering
awards for the past week at 500
10000. reported today by Engineer
ing NewS-Record. make good
showing with the preceding week.
OF this total, S3.616O00 was for
Federal work. s14.5s9, 900 for state
and municipal, making a total for
public awards of S1S,205, 900, and
81 945.000 was for private work.
New capital for the week is en-
tirely made up of state and munich
pal bond sales tosalling $4.l05. 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Only 20 Per Cent of
Alien Debts Are Held
i'm Complete Default
More Than Half of All American Stakes Abroad Are SerV
iced in Full, WinkIer Declares; RechS Record
Considered Worst.
Considered Worst.
BY MAX WINKLER
Times Special Writer

NEW YORK JAN 5. - Of Americas total stake in
foreign countries represented by the dollar bonds of
ernments states cities and corporations placed at approx
matey $85O0OO000O the end of 1884, slightly than
% billions or only about 261 per cent complete default
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Hides and Skins

Hides-Green country cows and steers.
&c fiat: green country bulls and CUES
2isc fit: green country calf hides. sac;
fat: green country kip. &C: No. ]. large
horse hides with full heads. shanks. names
and tails S275. medium size s225. Az No.
grade horse hides. soc less: Clues and
ponies half price; No, ! rendered tailow.
81, T32.c: dark grease 3M3isc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
STOCKS MOVE
NARROWLY IN
DULL SESSION
Best Gains Marked Up by
Mercantile Group; Auto
Shares Active.

MARKETS AT A GLANCE
Stocks irreguIarly higher; motors
strong.
Bonds quiet and irregular; rails
steady.
Curb stocks steady in dull trading'
Chicago stocks quiet and steady.
Call money 1 per cent.
Dollar firmer in foreign curren-
cieS.
Cotton dips so cents a bale.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
BIG RAILROADS
BAR FARE CUT,
CONGRESS TOLD.
T. c. c., in Annual Report,
Says Many Carriers
Willing to Act.
BY NED BROOKS
Times Special Writer

WASHINGTON. Jan. 5.-A gen.,
eral experimental reduction in rail-
road fares has been blocked by the.
opposition Of the big roads, the In
terstate Commerce Commission in
dicated today in its annual report
to Congress.
The commission said that it had
been advised unofficially that a
number Of carriers are willing Il
reduce rates and eliminate the Pulls
man surcharge, but that these LIND
have failed to act because of to
attitude of some of the larger roads. z
During 1888 southern and western
roads cut their fares to as low as
IL cents a mile from the basic rate
OF SO cents, which has been in eff
feet since 1920. Experimental re-
auctions were encouraged by the
commission as a means of determin-
ing whether lower rates would re-
store some of the passenger traffic
lost to bus lines and other trans
portation agencies.
Inquiry Delayed
Passenger traffic has shown little
change during the last year, the
commission pointed out. Six months
ago it ordered an investigation on
fares and surcharges, but hearings
have been delayed pending COM
pletion of studios now being made
by Federal Co-Ordinator Joseph 3.
Eastman.
Until other studies being made by
Mr.. Eastman are finished, the COM
mission said it was withholding rec
concentrations for railroad legisla-
ton except for minor revisions. One
revision proposed would allow COM
misisoners whose terms have ex-
pired to serve until their successors
are confirmed.
The commission said there was
ample ground for criticism" O.
some carriers in the payment of eX
cessive fees for legal, financial, otK-
err special advisory services. The re-
port said a full report was not yet
practicable on the order of last
March, which compelled the roads
to submit accountings of all such
items over $50O0
However, to mention one class of
items among many, certain fees for
legal services in proceedings before
us seem greatly out of proportion
to the value of any service that
could possibly have been rendered" y.
the report said. There is no rea-
son to believe that excessive pay
ments are confined to such litiga-
ton"
Loans at S82,95S,575
During the year ended Oct. 81,
the ICC approved Reconstruction
Finance Corp. loans totaling $92,-
958,575, bringing the total borrowed
by the carriers since the RFC was
established to $512, 537,291.
Both revenue and traffic made
gains during the first half of 1884
from depression lows, the Commits,
sion reported, but since mid-year
there has been some recession.
Abandonments approved during
the year set a new record, with 154
certificates for 2514 miles granted,
an increase of ITO miles over 1888.
The number of new applications
and the mileage sought TO ne
abandoned, however, showed a de-
cline.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Money and Exchange
INDIANAPOLIS STATEMENT

INDIANAPOLIS STATEMENT
Clearings ....................$ 2,471 900 90
DeDlLS % - ,UUUUU
Clearings for the week ...... 1905 900 90
Debts for the week ......... Sc 1853 900 90
TREASURY STATEMENT
(By United Press
WASHINGTON. Jan. 5-Government ex-
penses and receipts for the current fiscal
year to Jan 3, compared with the cor
responding period of the previous fiscal
year:
This year Last year.
Expenses. So sos, So, 1864 81, 75O, $40, 296 ST
Receipts. 1853 ,349, 653 29 1893 295, 399 .95
Deficit. 1,745. 212, 493.O5 1887, 644. 1896 81
Cash bal. 2,525, 801, 1920 940245, 370.77
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
TAX REFUND GRANTED

By nifcd Press
WASHINGTON, Jan. 4.-The
Central Hudson Gas and Electric
Corp, Poughkeepsie, N. Y, today
was granted a refund of $50 ,236
and a credit of s13,769 by the
Treasury Department because of
overassessment of income tax from
1929 to 1881, inclusive.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Retail Coal Prices

rhe following prices represent quotations
'-om leading Indianapolis coal dealers
25-cent carving charge DER ton will ne
added.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05

SHEEP AND LAMBS
Receipts. So
Lambs. 90-lbs, down, good and
CNOiCe . 9 :
Common and medium .--..--
90-l20 lbs. good and choice..'.
Sheep
(120-l5ol Good and choice.
AL weights, common and me-
otnm .sssssssssssssssss
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
u. S. Bonds

by United Press
NEW YORK, Jan. 5-CloSing United
States Government bonds lin thirty
seconds)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Commodity Prices
COTTON
NEW YORK

LBy Fenner g. Beanel-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
On Commission Row

Quotations below are average wholesale
prices being offered to buyers by local
commission dealers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
HOGS
CATTLE

Receipts. So
Steers
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05

Latest Stock, Bond and
Commodity Quotations
Evening star., 1935-12-06
GOLD STOCKS RISE
TO $1O,O|)9,O)D,0lO
Member Bank Reserves Up
$116,0OO,0 900 as Result
of New Flow.
az the Associated Press.

BY the Associated Press.
The Federal Reserve Board reported
that new incoming tide of gold, in
cluding a single shipment Of more
than $50, 900 900, lifted domestic stocks
of the metal for the week ended De-
cember to $10,009, ,000. 900.
This was new all-time high.
The boards weekly statement on
condition of member banks disclosed
that, chiefly as a result of the gold in
crease, member bank reserve balances
rose SIG, 100000 during the week to a
total of SIS, COS, ,000, 900, which was $3,-
1S0 1000. 900 in excess Of legal require.
mentS.
The condition statement said:
1.-THE daily average volume Of Fed
eral Reserve Bank credit outstanding
during the week ended December 4, as
reported by the Federal Reserve banks,
was STATS, 100000, practically un-
changed from the preceding week and
SIG, 100000 above the corresponding
week in 1884.
"On December total reserve bank
credit amounted to 2,470, 900 900, de-
crease Of $4,000, 900 for the week. This
decrease corresponds with increases Of
$135, ,000, 900 in monetary gold stock
and $21 100000 in Treasury and ma
tional bank currency, Offset in part by
increases of SIG, 100000 in member
bank reserve balances, $23, 100000 in
money in circulation and $ll 100000
in non-member deposits and other
Federal Reserve accounts, member
bank reserve balances on December 4
were estimated to be approximately
So, ,l8O, 900 900 in excess Of legal re-
quirements.
Relatively small changes were re-
ported In holdings of discounted and
purchased bills and industrial advances.
An increase of $2l, 100000 in holdings
of United States Treasury bills was
offset by a decrease Of S21, ,000, 900 In
holdings Of Treasury notes"
Evening star., 1935-12-06
NEW YORK BANK STOCKS
NEW YORK. December 8 1P.-New York
Security Dealers Association:
Quotations as of o'clock
CHICAGO LIVE STOCK.

CHICAGO, December .uP.-tUnited
$4,000. including 5000 direct: mostly l0a
Is lower than Thursdays average: early
few 310-350 pounds. Q 60a70: better grade
140-170 pounds. 9.45aS0: best sows. $50.
Cattle. 1000: calves. 500: quality of
sell above 1000 being offered: market slow,
steady to weak: outlet confined mostly to
between heifers: cows steady but not so
active: vealers UNCHANGED at 100 down
steady.
p, Sheep 1000: fat lambs opening slow:
steady to weak: feeding lambs firm: good
to choice native and fed Western lambs
bid. IL 00a25: asking IL .35a40 and better
on best offerings: native ewes 4.50a5. 90:
few light weights, 5.25.
Ofdcial estimeaed receipts tomorrow:
Evening star., 1935-12-06
LEADING CARRIERS
NET s397,&,232
Gross for 10 Months Climbs
3.5 Per Cent, but Costs
Rise 5 Per Cent.

Glass / railroads Of the United
States for the first 10 months Of 1885
had net railway operating income Of
$397, ,458, 1872, which was at the annual
rate Of return Of ITO per cent on their
property investment, according to re-
ports Just filed by the carriers with
the Bureau Of Railway Economics OF
the Association Of American Railroads
and made public today.
In the first 10 months of 1884 their
net railway operating income was
1898 1922 900, or 1.76 per cent on their
property investment.
las Roads Included.
Property investment Is the value OF
road and equipment as shown by the
books of the railways. including ma
terials, supplies and cash. The nei
railway operating income is what is
left after the payment of operating
expenses. taxes and equipment rentals
but before interest and other fixed
charges are paid.
This compilation as to earnings fol
the first 10 months Of 1885 Is based on
reports from las class railroads, rep
resenting total Of 237,757 miles.
Gross operating revenues for the first
10 months of 1885 totaled $2,852, ,939.-
288, compared with $2,757, ,083 ,289 fol
the same period in 1884. an increase OF
3.5 per cent. Operating expenses for
the first 10 months of 1885 amounted
to $2,l49,l86, 1862, compared with ST.
047, ,048,874 for the same period in
1884, an increase of per cent.
I. c. C. Reports Gains.
An increase in both freight and
passenger revenues of 149 class l
steam railways for the first nine
months of 1885 was reported by the
Interstate Commerce Commission.
Freight revenues were set at ST.
020, ,756,l2s, compared with $685.
l83, 1902 for the period last year, while
passenger revenues increased from
$3.50, ,4s1 1851 to $266 ,665,223.