Show s P EARNINGS AT HIGH HIGHPOINT POINT Net Revenue From Years Year's Operations Largest Since 1917 NEW YORK TORK May 14 U Net Net rove reve revenue nue from railway operations In 1922 22 aggregating S ex- ex exI ex ox exceeded that of any year since the I record ipar ear tr 1917 but was H 4 less les Ie than In that sear ear car It Is I dl dla- dla dia-clo dia closed ed by tho the annual report of ot the bouthern company made public today BIG DIG STRIKE LOSS JoS Not Net railway operating income for 1932 1922 totalled an in- in increase in increase crease of oC more than Over loll 1921 and net Income from the th raJ- raJ ra 1 ro road d property and proprietary companies combined totalled 32 32 as compared with Ith 30 30 the pre lous sear car ca The rho sho Ing despite the tho ot of coal 01 miners and durIn 1922 i Is explained by Julius krut- krut Krut schmitt chairman of or the 0 committee by the fact that th the uses oil as fuel and a 0 large percentage of the company's compans shop shop- shop shop-Imm men remained loyal loal lo al throughout hout the strike der disregardIng tho or-I or or- or order or-j or The direct cost of ot the strike cr hoe er is estimated b Mr I Krutt- Krutt rutt- rutt as 3 T nO coMPi Competition for transcontinental traffic by the tio steamship lines op- op op crating through the Panama ca- ca canal canal ca canal nal he ho said in a statement to stockholders his has Intensified bv by It a arate arate rate liar ar between the steamship lines and the of oC shipped through h the canal between the and Pacific coasts eo of ot the States was stas nearl nearly per pr percent cent greater in 1 1422 than during the preceding year The raIlroads railroad are unfairly ha In Inc mett-Inc In tug the rates through the canal by the long and short haul pro Islon ot of o the Interstate corn com commerce merce pierce law laVo under which the there they tre re I not permitted unless s ly Iy authorized by the tile Interstate corn com commerce com commerce merce commission to make male the necessary rites upon the traffic Is competitive e Ith aith a the ca steamship lines hns without unnecessary sary sarv reductions of ot te rates upon traffic which is 11 not with the steamship lines After ACter appl in to sink sink- sinking sinK Ino ing and for tor e funds the cor- cor cor notation transferred the sum aunt or of to the credit of ot profit and loss In 1922 |