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Show U. S. RAILROAD " LOSSES GUI WASHINGTON, Nov. 10. Prospective loss to the government through operation of railroads and guaranteeing fixed return, re-turn, to the companies has been reduced re-duced to about $200,000,000. for the nine months' period ending October 1. This was Indicated today by the interstate commerce commission's report that the net sum which the government will receive re-ceive from operations of the leading railroads rail-roads for the nine months is $"i IS.fiOG.UOO. The share of the estimated $9:10,000,010 guaranteed return for the year, due the railroads from the government for this period is calculated at. a little more than $700,000,000, or nearly $200,000,000 more, than the railroads earn for the government. govern-ment. This does not take into consideration considera-tion big sums loaned to railroads by Ihe railroad administration for financing improvements. im-provements. Railroad administration officials predict that by the end of the year the government's govern-ment's loss will be redii-ed to less thai: $100,000,000, and this will bo recouped later r.s the increased earnings from higher high-er rates continue to pour in. For the nine months up to October 1 total railway revenues from leading roads amounted to $3,541. 343. 0h0 and operating" op-erating" expenses $2,,S61,7;.3,000. Deductions Deduc-tions of taxes left operating income of $59,549,000, of which $fLo,656,000 goes lo the government railroad fund. |