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Show Detroit City Railway ' Lotet $20,000 in July DETROIT, Aug. 24. A net o Derating Der-ating loss of 120.000 for July Is shown In ths report of Detroit's municipally mu-nicipally owned street railway system sys-tem for that month. The loss, according ac-cording to department of street railway officials, is due to Increased operating costs. Including ths new wage scale recently granted platform plat-form men and which waa mads retroactive to July 1. Without ths sum repreeented In the wage Increases, placed at $50,-000 $50,-000 for ths month, ths system would have shown a net profit for July, of tJO.HO.H. tha report states. The net profit for July, ml. was U00.M1.1I. Street railway department officials offi-cials pointed to ths figures today aa supporting tbslr assertion that ths recently announced Increase In ths rate of fare waa necessitated chiefly by the wags award. The fare Increase. In-crease. It la estimated, will add approximately ap-proximately 12,000,000 to the annual revenue. . |