Show Wl AO DEFICIT I IN ONE NE MONTH J r General Hines Mines Director Explains ns Cause of Losses By Associated Press Juno 7 Director Director iA l estimated Friday that ral HInes fines administration incurred a Iva rt ill ad proximately approximately InI in inS in'S I S 'S iah of a n a total otal deficit of l jj marl S first tInt four tour months of or the tho th the piK tC a for tor ft general reiterated how how- I hov-I e Erector direCtor nM e previously expressed judgment rte rott hi I D economic conditions were were tut t p rrt recent ent ilM afford a n. safe rafe basis forr for tor I ed to the tho necessity for In- In r cn rates u as to to oft offset et the difference cr cost and operating operating- Income first ma a present there will bo be no rall f l confining administration n be the L k 1 s practicing every possible tuU l to O TEST 1ST PERIOD operating Income for April net Mt The Ite bout spout abOut as compared vu in for tor April last Int year ear and e of for April dur- dur average JI V the three years years' ars test period on compensation to the tho roads ro 1 ch the c r tiled SHOWING ROWING EXPLAINED in la April Dir Mr- Ir Hines said as in February and March this un- un January trouble 3 showing lowing was duo due In largo large the tailing falling off oct of ot business It ItTu Iti rt to part Tu nJ i alto also al o due In part to the heavy he-a InIn In- In cram In ages and cost of oC mate mate- ji railroad administration I H is HSi jb L The Si unlike other industrial un aol 01 the Increases s In wages and antI IU In of ot materials but Is s unlike these COI Mil enterprises In that the latter have havee corresponding Increases in inS inthe inthe Wade e high S the prices of what hat they sell while white tho the administration has made an Kr e In transportation rates of ot on only 1 Is 5 J pe per cent which Is a far tar less perie per per- In an and than the increase wages ie neat recil o of materials I |