Show CLASS 1 RAILROADS SHO SHOW l f BIG EARNINGS FOR YEAR I Net Incomes of Steam With Revenues In Excess of Make Profits That Run to r-r r T n ni EN I St Ex min T T Special pedaL Cot Cor Cor respondent Copyright 1923 WASHINGTON W Dec Do 22 Clus Cleas I 1 railroads throughout the United State comprising nil team steam car car- carrier carrier rier with witt revenues revenue In excess of annually will close clo c 1923 1 to reports report here with net Income running i between b 90 bind and OM the th hIghest fIgurs s recorded since 1916 UK Suli Suh Su h income Is equivalent to slightly more than S 6 per emit cent on the valuation vl ot or the thc transportatIon plants Involved cd as a by the th tato Commerce Corn mere It fall falls falle t belOW tho the Sper S G per pr cent set ot ct by tho the commission asa as a fair return Upon the capital In In- In nested but Is a 0 much touch ed showing over recent oars Three years eco ago or In 1920 for tor Instance the tho carriers earned total net In- In Incomes In Incomes comes coms of o only U An n appreciable number of the rood road including a dozen or more of the th est larg-est and strongest will rill show how n nd net t income for tor or the year sear In excess s of the G 5 5 per cent fair air re- re return return re return turn They 11 ill divide e the tIne nIth the CIl t f decal 1 t treasury I and hare n alike On SUt the hand some come of o the called so-called granger roL ro whoso hoso hos Is composed ft of C agricultural products product and whose hoe lines traverse compare compare- comparatively sp bely settled sections will III fail to tl make mahe as Rood good a sho showing Ing this yar as th the the- dl In 1922 TRICKS TRICK'S I I Ne Nc E railroads also a III fall below last s a figures fIgure It Is Ise e One Ono of the chief Cluse for this Is the th general extension of tho the motor truck In Ne New I Ene-I ng- ng land nd 0 as ne a 0 competitor of the steam railroad In tha section the are comparatively ely short and the tho th automobile h ht cut Into th the ran ran-II rail rail- rall freight traffic by the I I of tons Not Net Income for tor the first ten I months of 1923 1122 according to fir fir- ures compiled by the Interstate Int r t I fl-I t Commerce commission and the bu- bu bureau bu bureau reau rean of rail Old economics IS The Th banner month of the this yell yei AS a l was wa net Income of about No November r income It Is c l will show chow a drop from In too Ine October urea tit and In Income com come for Cor or l December cm br will hardly be ben benc s ba-s n nc large laro lar o as that for tor November This however ho Is le the tho he usual due duc t to x cuts In traffic 1 1 executive bt llev b-llev that In In- In Incon cora n-cora- como con will hardly touch the hoped for t OO l goil roil this thin year They Incline to th the belief that It may reach PROFITS of returns to the th Interstate Inter Inter- state tate Commerce commission for forthe forthe forthe the first nine months of the th r e erand and preliminary returns for Octo Octo- Octo- Octo October her ber shows ors S 10 the pot potts potti situation with profits r fenc nci to net Income or prof prof- prof- prof its The carriers carrier o of tho the Stern eastern as ai a whole hole appear to have I Increased 1 their profits this yar by bv I 60 50 per pr cent over those o of 1 22 Ot Of 0 the three IhNe region reg-lons Into whit h te ti district Is dh di divided ideS how how- however however however ever e New ev England shows a drop of about 30 per pr cent In the tho Ohio Ohio- Ohio i t Allegheny region there thore an Increase o of approxImately GO 50 per pr cent while ehile the tho th carriers In Inthe Inthe I the r rett Lakes Lahe r region glon according to preliminary figures fig will virtu virtually I ally profits dou double le their liot years sears ears ear's prof prof- its It Carriers Carrier of the south sho show an ut of if bout 20 per cent again rc re Is a Il sharp Islon dl-Islon dl l lon be- be beh be between h tween en the roads of the th coal eoal car car- car car l rIme grupi d In whit the ton ton In calls calle the Pocahonta ion region an and those thoo elsewhere In the th I The Tho former will show lit lit- little lit little tle tie If It an ani Increase the Iott latter r ap- ap appear ap appear pear to have m about 30 per percent percent cent ent greater creator Income this lear ear than last ear car earI I I no 00 of or tho th Mississippi the ear business h has haa not left so larga larg an tin increase In the th income Inome All road roads of the w western tern tern district the commissions commission's figures Indicate will show how a total net Income about 13 pr cent larger this than last Nort and Central West West- Westel West West-ein em el n regions the sp spread ead between net Incomes Income as wa as larg larger larter r than In the th southwestern region There it p I-p- ap pro t fm d 10 per cent Increase Th Tha ml ure I-ure show only totals They 11 to about 23 miles ot or main line by byi out i s and systems and in- in inch in include ch chide clude E which tailed failed to Earn thine a a dwindling number number- number with alth their deficits as s well as the th roup of carriers carriera which I close e ther books with a profit I II IThe I The gl c cater profit is duo almost I to 10 Increased fl tiel ht and traffic Car loading lR fig ures ure uree for tim the thc first 11 ii months of 1923 23 hu ho A that durIng that period the ds hauled mOre fliers freight I than th thy thay lid did during th the of 1922 Passenger traffic I also phed up ip the Increase a amounting to from S to 10 per percent I I |