Show WESTERN PACIFIC REPORT business conditions in california Call tornia in 1921 are accurately reflected in tile the annual report ot of the western railroad company which has just been issued during the year the company had a revenue of from rom freight traffic a decrease ot of 2539 per cent and a revenue from passengers of a decrease ot of 1383 per cent compared with 19 1930 the actual surplus from operations was taxes were and much heavier than an preceding years president C al levey in his report portrays says the decrease la in freight revenue is largely due to widespread business depression to the heavy arrivals by water of foreign coal at san francisco and to panama cabaj competition jitian with the transcontinental railroads the panama canal competition I 1 a an exceedingly important factor as the rail lines are subjected ao to unregulated competition by stear steamers aers under existing laws rail borne traffic between the states is under the control of the interstate commerce 1 commission but the water borne traffic between the same states Is wholly unregulated president lt levey is optimistic as s to the fT future iture declaring that the 1922 outlook Is tetter better the western pacific added materially to its and facilities in 1921 among the principal additions and betterments being the he tol following lowing miles san jose june completed belt line in san jose nearly all in service and to bs completed by may 1922 calapine calpine branch 12 a 3 miles put in service two miles allies of tl ti ie old ocean shore railroad rai kage in san Pran francisco Cisco bought adali ig a good industrial du district to ti th 0 companas comp anys lines over expended tor for land in san for or ten teri ninal facilities ten hervyl mikado locomotives and steil 61 gondola cars adf ded to equip equipment mont |