Salt Lake Tribune | 1917-01-12 | Page 7 | October is Banner Month for Railways

OCTOBER IS BANNER MONTH FOR RAILWAYS r Increase of More Than $35,000,000 in Revenue Is Shown in interstate CoHimerce Report. WASHINGTON, Jan. 11. October, 1916, was the banner month for railroad operations opera-tions in the history of the country, according ac-cording to figures made public today by the interstate commerce commission. The commission's compilation, based upon returns from all roads in the country coun-try whose annual revenue exceeds $1,-000,000. $1,-000,000. shows that these roads received as revenue from operations $33S,301,7i.6, an Increase of more than $35,00o, ouy over October, 1915. Expenses increased approximately $23,-000,000, $23,-000,000, leaving a net increase, after deducting de-ducting tax accruals and uncollectible revenues, of more than $10,000,000. The chief items of revenue were $245,-4SG.354 $245,-4SG.354 received for freight transportation and $62,ii9P,S12 for passenger transportation, transporta-tion, both of which exceeded the totals of tire same month for the last five years. A decrease In the net operating Income of the chief express companies, the first In more than two years, is shown In the returns (or September. The decrease was approximately 2U per cent and was charged to an increase In operating ex-j ex-j penses. Total revenues for the month, however, show an increase of approxl-I approxl-I mately S2.000.000.