Salt Lake Telegram | 1934-04-25 | Page 5 | S. P. Operating Income Gains

1 S. S P It OPERATING INCOME GAINS Increase of Over 1932 Shown In Annual Re Report port Reduction in taxes and increasing business boosted the 1933 operating income ot of the Southern Pacific rail rall railroad road above its income during during dur- dur ing l 1032 32 according to the annual report re re- port to stockholders holders issued We Wednes- Wednes nes do day The company's operating income in 1933 was slightly less than derived from an operating revenue ot of Taxes for the period were a total ot of less than that ot of 1932 Operating rave rave- rues were in 1933 than thanin in ft 1932 although operating expenditures expendi expendi- tures dropped only the report re re- port stated Volume of business over the road increased considerably in May ot of 1933 but tut revenue failed to rise in lion tion because ot of reduced rates placed in effect The company has ors ers ot of record The Los Angeles Salt S Lake ran rail way reported I loss s of at in 1933 operating revenues as compared with those ot of 1932 Tax assessments and operating expenditures show shaw a a corresponding decrease In keeping with the loss of revenue