Show VALUATION 1 TOO lOW 81 S SAYS SAYS' WASHINGTON Dec 29 9 AP APAn AlAn AP- AP An illustration of the me huge differences differences differences differ differ- which have arisen between government figures figures' for the valuation valuation valuation tion of or railroads and the figures evolved by railroad corporations for forth forthe forthe th the the- same properties was given to today today today to- to day in a brief riled filed by hy the Southern Pacific company with ith the interstate commerce commission The commission proceeding under Its view of valuation had tentatively tentative tentative- ly 13 assigned ned a value of to the Southern Pacific system but put the railroad Itself claimed in tile the aggregate aggregate ag ag- ag- ag regate a valuation 1 figure fl today of an amount greater reater than the commission it itself itself itself it- it self has ha's been willing to allowA allowA allowA allow A substantial portion of this difference difference dif dlf- dif dif- ference Is occasioned by the application pl- pl cation of different principles methods by the commission tha tim those for which the carriers contend contend con con- tend the Southern Pacific brief eI e ev The rhe major items included I ed cd in the the are claim claims relating to going oin concern value ex exceeding ex cx- c eding claims for additional ad ad- elements of value attaching to toland land exceeding 0 claims for fr erroneous deduction for depreciation exceeding claims for deferred construction costs exceeding claims approximating 1 representing represent represent- ing land erroneously classified as These specified claims exceed The remaining difference rence amounting to between en the values claimed by the Southern Pacific and the values values- al allowed allowed ni- ni lowed is Included inc in n claims InvolvIng Involving involvIng ing questions of fact as well ivell as the application of cor correct principles Thou Though h the Southern Pacific demand demand domand de do- mand for more than doubling of commission valuation figure exceeds that made by the average of other railroads in practically every chose case Important railroads have havo insisted that their net wortH is greatly In excess of the commission allowance |