Selected income and balance-sheet items of class I steam railways in the United States - 1945

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Material Information

Title:
Selected income and balance-sheet items of class I steam railways in the United States - 1945
Series Title:
Statement ;
Physical Description:
v. : ; 28 x 42 cm.
Language:
English
Creator:
United States -- Interstate Commerce Commission. -- Bureau of Statistics
United States -- Interstate Commerce Commission. -- Bureau of Transport Economics and Statistics
Publisher:
U.S. G.P.O.
Place of Publication:
Washington, D.C
Creation Date:
1945
Frequency:
monthly
regular

Subjects

Subjects / Keywords:
Railroads -- Periodicals -- United States   ( lcsh )
Income -- Periodicals -- United States   ( lcsh )
Genre:
serial   ( sobekcm )
federal government publication   ( marcgt )
periodical   ( marcgt )

Notes

Statement of Responsibility:
Interstate Commerce Commission, Bureau of Statistics.
Dates or Sequential Designation:
-Nov. 1956.
Issuing Body:
Vols. for <Jan. 1932>-Apr. 1942 issued by the Bureau of Statistics, U.S. Interstate Commerce Commission; May 1942- issued by the Bureau of Transport Economics and Statistics, U.S. Interstate Commerce Commission.
General Note:
"Compiled from ... reports (Form IBS) representing ... steam railways, including ... switching and terminal companies" (varies).
General Note:
Issues for Feb. 1938- "Switching and terminal companies not included."
General Note:
Description based on: Jan. 1932; title from caption.
Citation/Reference:
Picklist IC1ste34A

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 18021077
lccn - sn 88028523
Classification:
lcc - HE2713 .Un321
ddc - 385.13 fU567s
System ID:
AA00000587:00013

Related Items

Succeeded by:
Selected income and balance-sheet items of class I railroads in the United States

Full Text


Subjet to revision
Subject to revision


UNIV. O FL LIB.


UL.. EP TO


U.S. DEPOOITOAY


UNIVERSITY OF FLORIDA

11111111111 III11111111II 1111tII II III111111111111111 IE O M i E C MM ISSIo
3 1262088511794 INTERSTATE COM ERCE COMMISSION
BUREAu O TRANSUPORTo O0NOMICS AND STATISrICS


Statement No. M-125
JANUARY 1945


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES

Compiled from 132 reports (Form I0S) representing 136 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)

All Class I Railways Class I Railways Not in
A ClassI ys_________ _Receivership or Trusteeship#
Income Items For the month of January For the month of January
1945 1944 1945 1944
1. Net railway operating income... *73,016,057 $84,997,968 ,5,00,292 $66, 542,841
2. Other income.. ..... .... 14 ,593,823 .14,63.,133 13,282,432 13 74,506
3. 'otal income........ .......-... .. .... ..... 87,a09 99624: 1 6,582,7214 8 9017,W47
4. Miscellaneous deductions from income-.................. 1,942,642 2,513,700 1,803,861 2, 78, 321
5. Income available for fixed charges ........ 85,667238 97,17,401 67,778,863 77,639,026
6. Fixed charges:
6-01. Rent for leased roads and equipment........ 11445,973 1,316,767 10,642,728 11,638,58
6-02. Interest deductionslI/ 32, 396 34638 5 22,575,844 25,o033,432
6-03. Other deductions ...............12113 8886 105 2
6-04. Total fixed charges .. 43, 89 47,076,285 67 ,727 ,
7. Income after fixed charges ....41--............ 24i 50,0 '116 39
8. Contingent charges..... .......................2,6,24 2,3,679 1 02 20 1,598
9. Net income 2/ ..............---- --- 39,0 1"88 47,90437 32.68,910 39,262849
10. Depreciation (Way and structures and Equipment) ..... 27,393517 26,605411 23,105,800 22,457,443
11. Amortization of defense projects---------------.. 18,8,789 13,078,045 1,39629 11,705, 2
12. Federal income taxes ..................... ................ 90,287,019 93,761,082 74,006,005 78,500,643
13. Dividend appropriations:
13-01. On common stock .................................. 2,147,500 2,360,000 2,147,500 2,360,000
13-02. On preferred stobk-.......... ................. 2.595,862 2.563,688 2,595,862 2,563,688
Ratio of income to fixed charges / (Item 5+6-04)... 1.95 2.06 2.03 2.11

All Class I Railways Class I Railways Not in
All Class I Railways Rqceivership or Trusteeship#
Selected Asset and Liability Items Balance at end of January Balance at end of January ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS_/

___________________________________1945 1944 1945 1944
Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
Road ...$14,362,1142 $o10,924,626 Period
18. Expenditures (gross) for additions and betterments- Number of Amount Number of Amount
Equipment..... ........................................................................... .. .......... 19,458,229 16,916,401 reports reports
19. Investments in stocks, bonds, etc., other than those 1..45 103 4.1,,7
20. Other unadjusted debits .. .............................. 356539 6 ,67338 January ... 1944 106 50,919,164 23 3,228,727
21. Cash.................. ......... ..... 993,89,661 1,177.72 73,476,632 966,
22. Temporary cash investments ---....--....................1,879,046,744? 1,77776,07 1, 425, 360 1,9,1 ,2 _
2 Special deposits................................................................. 259,3 ,2 195,066,56 32 80, 169,43,'868
24. Loans and bills receivable -- .......... ...................... ,8 210, 5, : 326 2 o8,40
25. Traffic and car-service balances-Dr- .............. ..... 45,809,03 45, 602,27 2,76 34,6,219
26. Net balance receivable from agents and conductors.. 1 02 1,59. 6n,79 l5 1 :16 NET INCOME ALL CLASS I RAILWAYS
27. Miscellaneous accounts receivable ................. 63142,9 6,86986 9 530
28. Materials and supplies..... .. .............. 607,179,95 2 4 28660
29. Interest and dividends receivable.... ... 27782,437 2,9 22, 646 MILLION OF DOLLAR
JO. Rents receivable .1 7,MILLIONS1OFDOLLARS
30. Rents receivable ...................... ... ... ............. 1,7 1,857 i 6, 3 084 |1,505 066 1, 06, 1 0 -- i I I I]i i .ii
31. Other current assets..... -- -- 5587861 5.953365 53,1 968 54,296567 IZO
32. Total current assets (items 21 to 31)... --- 4,669,737,693 4,629,727,896 3, 81.843,520 3,742,517,267 -- -
40. Funded debt maturing within 6 months 4_/ ........................ 105,484,396 74,510,363 80,002,696 65,488,182 100
41. Loans and bills payable ............--.....................-- ... 11,18,000 15,710834 7 ,000 3100,000
42. Traffic and car-service balances--Cr ....1...... 9-,147 ,97 6105,09 6 1 2 6,- -- -
43. Audited accounts and wages payable ------- 4 292418 2,89933 75,6037 45522 V
44. Miscellaneous accounts payablea....... ........... .. ...... 1309 191 2 00,182, 7 124,17.8, 1O II ..
45. Interest matured unpaid... 51,512,151 ,2 04 1.,57,799 40,2,862 i" --------- -- -.-
46. Dividends matured unpaid .................... ........80,0 6,868020 57099985 2,6'
47. Unnatured interest accrued .. .................... 6.628,0: 62, 0 664, 60,00 2 40
48. Unmatured dividends declared..... 24,9a 7 13,367,5T 14,046,94 13367r5st ----------- "-- ----6- -_-4---0 2 --2-0
49. Unmatured rents accrued .......................................... 20, 77 18 15,8 ,13
Accrued ,tax liability ............................... .. ...... ------ 18,5 -.-;643 1,592 566 20
SOther current liabilities.. ............... ............................. 11 7274 leg", 4, 'it I665,332 i40; 9l6;5
52. Total current liabilities (items 41 to 51) 2,962,165,041 3,042,513,271 2,486,719,181 2,577,578,879 0
53. Analysis of accrued tax liability: JFMAMJJASONDJFMAMJJASONDJFMAMJJASOND
53-01. U.-S. Government taxes. -... ...................-- 1,707,261,001 1,72,595,747 1,5,725,308 1,484,537,1140 1943 1944 1945
53-02. Other than. U. S. Government taxes ...7... ..-.. 130 597 08,279,129 108,028,499
54. Other unadjusted credits.... ................- .......657,859,393 471,662,5 554,49,861 371,42,277
2/Repesens accuals inc~dingthe aount indfut


2/ For railways in receivership and trusteeship the ratio was as follows:
January 19145 1.68; January 1944, 1.89.
_/ Includes payments of principal of long-term debt (other than long-term debt in
default) which will become due within six months after lose of month of report.
V/ Inoludee obligations which mature not more than one year after date of issue.
S / Excludes reports of 2 roads for January 1945 and 3 roads for January 1944 whose
net income (or deflolt) was absorbed by the controlling company.
i F#igures include returns of the following carrier which emerged from receiver-
7 hip or trusteeship on the dates shown: Akron, Canton & Youngstown, February 1, 1944;
Chicago & North Western, June 1, 1944; Minneapolis St. Paul & Sault Ste. Marie,
September 1, 1944; Missouri Illinois, June 1, 1944; Western Paoifio, Deoember 29, 1944.


-w-~- -w


I/Represents accruals, including the amount in default.
&/For all Class I Steam Railways the net income was as follows:
Period 1945 1944 In,
3 months ended January .... 1143,824,439 137,690,040
6 months ended January .... 26,766,020 374 2,602 4
12 months ended January .... 658,971,265 8,68,655 [1!
The noet inoome shown is after deduction of othe following amounts taken out
revenues to create reoervoe for land grant doduotions in disputet January
January 1944, *32,303,799.
A Deficit or other reverse items.








INTERSTATE COMMERCE COMMISSION,
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS

FOR TFE MONTH OF JANU 1945 AND A1944


P 2


MB RsAILW anaY M a w0015 as3uh I OODIV IDDM ] A MAwl I oPZuseIsN S noIn1 10IAL INCOME BDITIDAD
zaoon ma fzas AIW20PaI os I e Is aAIa stoN
gion al railway ________, _______ _______________ _________ gi railwayIa --,
1054 1944 194 1945 1944 1944 19441145 I19 1"1.941" "11 1945 1 1" 1" 1944

Utltel States feta ................... $73,016,057 $ .997.968 $39.4.i $47,690.437 $90.2sr.0o19 l $93.761.082 &4.743.36a $4.983.689 Southas RegIon Continuae
ate Dstrict toth ................ $17.791.205 29.0oua279 3.505.931 14.02,120 12.659.198 18.963.270 2.5s.139 2.573,1165 Columbas an reenville .................. $21,12 $10.975 23.161 12,613 $15.300 $,000 -
o ------- ----------------------- oridalest Ooas* ..................... 773.309 916.993 431.017 58,31 290o,00ooo oo.ooo .
sew AN a ad lion total .............. 1,358.952 2.852,506 37.470 1.24.0,367 770.228 919.153 11.677 Georsia 1. Leasee Or nisation ....... 230,617 221,309 117.15 70.67 -
e*orgla 4 florlO* _..............i......... 11,278 32,2811 .1 3 -
Dasnor am Arootook ..................... 136.150 l.512 234,oo00 219.527 Georgia Southern and n ori ............. 70.194 59.080 8 124.000 95,000 -
.ton a n..~~-........ 1 59 463. 76.27600 t p Il ..................... 18030 20 -
Canadian Nation s l L w sI I egni0l .. a* a10 1 109.6 OIt. Mobile and Ohio................... 312.95 3 12,732 32.000 25.8244
Oa itn Psie s in in m ......... I l Central ......................... 2.125.4 2.1 493 1,439.51 1, 2.6 .000 2.6,000
oantiss Psasi n In a ..... - l* v isvi1le i e .................. 2,161,729 2.035.6 1,8 4, 5I4 1,. 4. ,020 3.919.120 $2,047.500 $2.340.000
Contr at ro0st ......................... d 2.66 9. 12,500 10.00 Mis ippi Centrl ...................... 5,503.87 15.931 0, 10.620 10.884
S trl. ........................... 3 133397 .1 5.72s 5.812 14.677 ashrille. Chattanooga St. Louis ....... 44,3 469.7 36.329 36o.633 229.904 231.43
new Tork Comaeotl ..................... 16. 161.39 86,012 84.722 40.000 In Orleans sa Northeastrn ............. 15.050 71.630 133. 0 50,6 373.000 127.000 -
aw Toeak, aw seven nal sartfordt ...... 1.153. 1.743. 590.1M 1.117,341 450.000 602 l Sorfolk Southrn ......................... 39.793 3522 1.646 -
atland. ............................... T I .4 Ia 83l r L Seab oard AirU ....................... 1.78,741 7.310 545.21 2537 1.725,000 1.900.000 -
southern ................................. 2.57.525 2.665.96 1.5 1.579 1.5 39 4.10,000o 4.210,000
Great Lak esson Total .............. 6.55 6.506 12,06,412 1,00,606 64,11,2 2.622.,34 8.351.696 2.037.026 2.037.029 ennessee ontrlt ........................ 42,51 .1551 23.621 2.33 24.661 15.038 17.500
Western -allvry of Alabama............... 42.045 4u.130 39. 44,617 4.900 5,853 -
As Arbotr ............................... .30,96 59.653 o12.07 39.263 ,018 26.175 I..'.* Tace Ms,.stsippi valley ............. 32V.5,2 30,1477 112.77 66.722 208.000 146.250 "- -
ocatria nDA ieasama..................... .47.362 73.704 46.364 71.03 66.677 79.550 ---------- -- -----
Delamren al d slon ...................... 309 7 1.163.9 136oo900 97.000 tern District tal ................. 35.911.,025 35.766.276 21,150.518 18.234.734 51.363.7 47,526.600 soo0 -
De.lws .ackawanna e dWesterns ........ A9.932 9 t 601.29 189.000 -
Detroit ea Ma N aklme.................... .5 2.,372 a 1 0 -9 Sorthuestern Iaion feota .............. 6.976,621 8.362.970 1,979,070 1,57.861 5.o09.309 5.,12,45 -
Detroit al foledo Shou line ............ 6265 66114 53 .9 7.554 8.534 20000 000
Brie............................. .......644 1.23.59 19.57 499.6 266,616 1.117.153 2.017026 2,017,029 Ohiae north W trn ................. 1.526526 210.14 946,"412 79.153 614000 65.000
G'a46 tr9ak ve8teo ..................... 6.61 9037 111.982 15,653 50,000 100,000 Ohioago Great Wete .....................236.563 75,59M4 11A,352 S. 120,400 203.300 -
I.hibh cat se.on 6ter ................. 1679 25,61 1832 27,609 19.317 49.66k *Chhicago, Milwauk, t. ul end Pacfie** 2.538.535 2.911ss 1 ,265 1.175.575 2.110,000 2.380.000 -
Lehigh s Newo a .................. 3. ,36 906 16,235 67.,15 10.8 4 45.238 Chicago, Saint Paul, Minuepol al ah 21O3711 31. 5 20.730 107.110 14,000 71.,73
ltbIgh Viley ............................ 7 110 6.110.390 1.0600 a M,..is ab r o ..... ..... .r .n I M -.
KMooenga ke.............................. 65.522 1.337 .795 5.167 60.076 60 11 Duluth, South Shore nd Atlantio* ....... -
Noet. .r................................ .009 9.17 39.021 .287 2.256 3., oluth.. Winnipeg ad Psiflo ................560 11,599 sa- -
o .2 T r C..2.i ..........22............ .46. 4,., 5.36 2.,.7 1,6 2.541.820 at Northern........................... 1,337.350 1.3 5 1.00.000 1000,000 .0
SI leaork. hlcae *a St. Louis ......... 1.336,6 874,54 61.921 523.04 347,000 1.28,o500 acon S and VW tern .................... 29,014 0,99 20.657 30.24 20,000 21,000 -
w Torea, Ontario and V5teroe* ......... a d 382.7 t .7 2k. Superior a Ihpeming ................ d 1.2s a 89.293 0 4 -6 -
Sow kea, Suquehanna A Wstera*....... 73 I-f 33.963 Minneapolis It. Louis................... 2 190192.000 120,000
Peoe Marquette........................... 4 .398 309.996 a. 211..7 32.017 iMneapolis,. St. Pau S a ult 8t. Mtri .o 65.1691 6. 11.141 -
Pittsburgh an Lake arie ............... 256.15 40 8193.66 27, i3 129,838 486,758 Northern Pacific ......................... 1.659.07 1. 5 656.239 5.90 856,000 1125.000 -
P str ut Shamast ................... 2135 2 1187 13.70 5.500 11,010 Spoke aIn arutional .................... 23.590 16177 14.22 5.987 258142 3.992
Pittaburgh A W est Tirgtinia .............. 197.804 137.991 7 28.513 40,634 poke, Portland sam lettle ............ 332.908 31.19 6.301 512 97,067 133.333 -
Pittaebua, shemat ee Northers* ........ 1 1.3 A 1 1 .774 Wieceasin oeatsle*" / .................. 11,047 16266 11 ,1 19,000 78.960 -
Wabash.................................. .5 7468,1~ 758M 1.241.327 1.412,1 46 ______
entral western Saen total ........... 19.11,794 17,558.579 13,763.62 11,051.715 32,35,93 28,1178,900 -
Central Seaters eion tota ............ 9.77.77 111.091.361 2.465,s55 6.375.911 9,266.516 9.692.k21 536.436 536,436
-- ---Alton* .................................. 211,6o40 1120,13 5.38 274.,11 176.452 204,444 -
Akron, anton ouTngtown .............. 76.914 79.555 65,375 10,681 41916 26,071 Atchison, topek ,and Seant a/ ......... 41,28s.02 3.974.760 41362. 3.355133 11,22.000 9.262.000 -
Sitit r aMd Oto ...................... 3,.41 3.113.510 1.528,392 120,9.202 2,o040.000 1,520,000 ohicaoe. 9unnton quainoz .............. 3.699,712 2.533. 3,037517 1.93,272 4,90,500 k,951,o00 -
e.-ma d Lake e ra* ................... J 06 A .- 64. I Chicago., S. k Ilanl end Pif ....... 2.322.122 210 12 1.175,9 6 1, .01,6 2.800.000 2,250,000 -
Central S. of No J.r.r* ........... 1 993 13212 .I-- Colorado andouth .................... 176,379 229.340 10,199 6. 66.504 92,72 -
Chicao 6 S atn r Illinois............... 20,95 216.862 82.95 78.982 71,000 82,000 olorao Wyoming ....................... .. 8 23.149 2250 1629 1000 30.500 -
bloago A Illinois Midland .............. 70,681 67911 k4507 o0.01o 65.900 47,700 Denver A Io orame Vot*re ............ 1.012.66 1,105.019 50102 600,251 213.500 377.900
Chicsg, Indianapolie d Louisvlle* 227.47 2228.16 110,32 103.4101 50,000 BDeaver a S l Lake ........................ 91.21. 112.076 47.469 67,202 -
Detreit. olel ndo Ironton ............. 233,001 27.,31 190.91 231.499 135,o08 152.420 P or Wrthe and vero iy ............... 116,115 269.505 2122 13222 63.251 175.475 -
lgin. Joliet and astern ............... 6901 214.261 417,147 227.02 8 295.8 169.011 lortetern Pacifi ..................... 90.576 t 7.0 A -
Illinois terminal ....................... .. 119.595 138.729 7366 9143 204.100 185,000 stern Ptr acific ......................... 2,953.81118 8 17. 59 4,269,276 4.736.309 -
Long Islas ............................. 23.02 1 t ad 1 d a 46 21,269 Southern Pacifico Traportation system / 4J071.708 5.183.935 2.46,791 3.o05091o 6,17.0514 7.365.353
NMiourt.-lli4nos ...................... 34.5 61 69978 3.696 51.800 51,000 fol*e, Peorit 6 Western .............. 197603 225.046 200.875 222106 -
Pennylvania .............................. 3.372 3 7.t.860 .. o 4.501,469 5.468.092 Union Pacifi .......................... 2.4,205 2.362. 2.74.867 2.269.15 7.500,000 5.500.000 -
Paurlil----.-i> ** on- ........... 246 2.i ,.716 17.355 Uth ..................................... 17 669 10.163 7,61 6.500 5.000o -
Seing................................33216 682.965 1,00.500 279.901 279.901 Wester Pacifio .......................... 91.716 554.39 510,1 28221 1.071,000 3.000 -
Staten Islmal Uapi Trf t ........ ........ 67,857 109,319 19.150 12,800 39,000 -
.estern Marylan ........................ 585.824 751.950 347.754 515.833 44o,ooo 400000 outhwa terna lon oul .............. 9.75,2.60 9,4.727 5.407, 24 5.325,158 13.79,.56 13.235,82 80,000 -
Wheeling at Lake Sirt .................. 2813.32 841,5758 268,384 217,825 651,000 455.000 256,535 256,535 r L ----------- ------------
S.oa-t, Swor Lake A VWtorne* .......... 129,77 16.216 122.979 153,91 322,000 4o.861 -
Sothern istriot Total ............... 19.313,827 20,219,413 14.391.739 15,427.583 26.263.943 27,271,212 2,075.223 2.350.223 SarIlto-oeeko Ileand ................... 40,14 2,651. 11 -
-Imat ntio l-Crat sortha e............. 317 545 301.76 1 ,.1 .5 177.000 252.42
Peoahontae Ngion Total ............... 5.389.516 5.807.693 4,818.667 5.536.858 7?155.787 8.b 040S.. ens- s Ca ty Southern ..................... 265 318.22 35520 122.783 300.000 0.000o
asas, Oklahoma A Gulft .................. 60 77.629 60,939 61,063 60.639 60.75k -
Ohesapeake and Ohio ................... 2.515,962 2809.746 2.051,167 2.328.145 2.039,846 3.422.780 Louiaa Arkene ..................... 220.653 214,623 111 .706 137.703 426.600 485.000 -
Norfolk a Wesan ..................... 2.085.42 2.068.966 2,1A2,.8 2.460,105 3.900.000 3.310,000 Midlan Tlley ........................... 18.919 26.281 16.1170 26.375 16,.470 2637 -
o ,io nredetobarc end Potoso .... 20,504 307,375 21. 1 307.387 870.000 1,225.000 Miessar and Arkmasas..................... 4..263 7.7 4,39 .935 4,03 5. -
Virgtanan ............................... 57960 621,60 6.171 41,221 35.941 490,260 Mior.sa s-t .................... 660.63 7833 07079 470.973 857.000 531,000 -
icsoPuri Pacfio** ....................... 007.428 2.95 72 1,500408 1,424,985 3.900,000 3.800,000
Southern Region Total .................. 13.924.311 1,411,720 9.573.072 9.890.725 19.108.156 18.823.172 2.075,223 2.350,223 ov Orleans, faexs & MezIo** ............ 351.370 4359 128.752 122,201 21,000 268.635 -
OklehomaC lty-M-Atoka .................. 23.594 29.576 20766 28.282 20,766 .282a 80.000
Alabam are t Southern .................. 234,765 175.630 212.610 15,000 58,000 470.000 at. Lonu Bre ille and m iooee ...... 276.39 193.869 222551 137.426 565,000 362,303 -
Atlanta andWest Point .................. 31.343 31.734 3,055 34,575 82.247 87010 St. Louis-- anyranciMo** ................ 1,412.92 1.659.108 57139 65,482 1,150,000 500,000 -
Atlata, linaham .l Coaut ............ 31,135 29. 56 34.00 31.141 25.000 32.000 St. Louns, San rranclsco a Td Tens ....... 19413 62062 10.206 52,679 39.000 36000 -
Atlantio Coast Line ................... 956.127 1,339,260 1,623.01 2.106,369 3.000,000 3.500,000 St. Ious southwestnr .................... 23010 631.34 706.41 399786 1.930,295 1.128,682 -
Central of Gorsae" ..................... 512,013 ,47 46 120,058 270514 u ,767 264.235 Sun Astonie, tOrl d f* ............. 87.253 3 5 -
harletton W stern Carollna........... 45,169 ,257 22.160 5.205 40,000 30,000 aes ua sanl Orlans .................... 1.7.J23 .70s 1.17.479 1.908.778 3.129,044 -
O ia tl. Ine Orleo s u zes Pacifi, 381.10 341,98 249,053 20761 46,000 460000 10,223 10,223 zs n Pacifio ........................ .75, 67 59.521 5 955 311,296 1.974,000 1.765,000 -
Ciuno oll. ............................. 536.058 579,962 394.85 396.49 57.737 58,05 taen Mexican ............................ 62,6 42.920 31057 10,000 10,000 -
. ---p -----o ra----ivI --r or-- resellers..-.


* port of rn oiver or reoolvers.
cc Report of trustee or trustee*.
De ofiet or other reverse items.
aclules Boston 6 Albany. l*esor to o* Tork 0Central B.B.
Formerly tinlued in report of Minneapolis, St. Paul & Sault Ste. Marla.


U.S. GOVERNMENT PRINTING OFFICE: 1944 -0-597260


SInalules Atchison, Topoks & Sant o sy. o ulf, Colorado A Santa o* fy., an rpsanadle sasutao .
Data not included in totals. Incluls Southern Pacifico Company. Teas and w Orleans Co.. and leased lines.
Operated by Federal Manager.





8, 9*g


Subject to neion


T UNIV. F FL LIP


U.SUM.!DENTF


UNIVERSITY OF FLORIDA
Ill 111111 I 11111111 1 1I 1 11111111111 I N E SAl l CiCUl CO111111111N
31262 088511950 INTERSTATE COMMERCE COMMISSION
31200851BUREAU Of TRASRT ONOMICSAND STATISTICS


Statement No. M-12S
FEBRUARY 1945


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES

Compiled from 132 reports (Form IBS) representing 136 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)

All Class I Railways Class I Railways Not in
All Class I Railways Receivership or Trusteeship#
Income Items For the month of February For the two months of For the month of February For the two months of
_________ 1945 1944 ~ 1945 19444 1945 1944 1945 1944
1. Net railway operating income... ...... ..-16 60 87,214 $59 ;6 178,5$5 6172,212,.42 $S 03 0$69,191,51 40 4o2 1$135,734,381
3. Total income --... ............ .. 88;0 4 ,571,782 7566963 O2O212,883 69,551,308 81394,606 139,133,030 161:14,1953
4. Miscellaneous deductions from income.---........ 2,688,395 2,862,O4 4,631,696 5,376,108 2,538,732 2,216,316 4, 243,52 2,5,:,63
5. Income available for fixed charges -- ---. .. .. 85,372,689 97,709,378 J71,038,267 194,836,775 67,02.,576 79,178,290 3 14, 7 8 156,817,315
6. Fixed charges:
6-01. Rent for leased roads and equipment.............. 13,1147, 184 11,9,486 t 157 1,12,3 11,71,832 11,9 22, 111,3,028,3
602. Interest deductions/ ..... ......... 3,2057,701 34,476.26 .61 ,099 69,115,260 22,297,865 .,4950I766 424,873,,: ,',7.2
6-03. Other deductions ... -................... 90... 10 40 -,3 2-39,-2 1 3841 3 1806 1 208,742
6-04. Total fixed charges-- __,5, ,--- 46,5.17~ 2 8,7,6 9 ,355 3, .7 611 67,,90 73,5222,1
7. Income after fixed charges 2,67,67 5, 206 01 ,,20 ,151,9 7 67,2 18 83,2192
a. Contingent charges ............. .8---- -21 7 -- 5, 355,88 -,7-0,- 3-9 1-,39 ,,3 3,807,689 3,19 ,42
9. Net incoe ...... .. 38; :6 76;424;773 96,4148,881 l3 31.4,280 4135,892 63,813,529 8,398,742
10. Depreciation (Way and structures and Equipment) -- -. 27,442,138 26,31,385 5,84,35Z1,77 52,919,797 ,136,615 22,204, 4 46,242,477 44 ,662,408
11. Anortization ofdefense projects--- ....----------------- 19216,631 114,441,297 38,111,18 2519,342 1,673,188 12,26.,3 33,066,815 ,631,675
12. Federal income taxes... ...............----.... :-...-..- .- 85,623,66o 98,811,681 l75,910,679 192,572:763 70,559,826 83;79:36t 1U:565,83 161,980,009
13. Dividend appropriations:
13-01. On common stock -..... ........---.- -- 16,589,338 17,819 6 8,736,838 20,179.556 16,589,338 17,819,556 18,76,838 0,179556
13-02. On preferred stobk .............. ............. 2,745,255 2,516, 5 1,117 5,080,128 55 2,516,4o0 5,341,117 5,080o,128
Ratio of income to fixed charges/ (Item 5+6-04).... 1.88 2.10 1.92 2.08 1.98 2.17 2.01 2.14

All Class I Railways Class I Railways Not in
All Class I Railways R ,ceivership or Trusteeship#
So --- ANALYSIS OF NET INCOME--ALL CLASS I RAILWAYS/
Selected Asset and Liability Items Balance at end of February lance at end of February
1945 1944 1945 194
-1 11 Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
Road. ....................... ................................. ............... 29,250,966 22,575,185 Nuber of -- -- Number of A
18. Expenditures (gross) for additions and betterments- reports Amount reports Amount
E q u i p m e n t .. .. .. .. .. .. .. _.. .. . .. .. .. ... ... . .... .. . 1 3 7 6 9 3 3 1 0 3 2 7 7 7 o 7 2------r t-----e p----
19. Investments in stocks, bonds, etc., other than those Feb7rury ... 1945 100 $42,618,657 30 $5,240,410
of affiliated companies (Total, Account 707) .6559,1484 $565,3,
20. Other unadjusted debits ..................................................... ............... 72l23926 t6 ,851 90 6,912,322 321, ,5i February ... 194 110 51,970,121 19 3,211.,675
2 Months ... 1945 102 86,090,638 27 9,665,865
21. Cash. ............................... ................1,136,057,604 1,186,910,252 92,658,493 954,470,190 2 Months ... 1944 109 102,732,171 20 6,283290
22. Temporary cash investments....--....- ..... ........... 1,873,8142,683 1,904,600, 1 19,906,990 1,493,810.351
23. Special deposits........................................ 11134.74 189,0825 2,839,337 169,186
24Loans and bills receivable............----............- .... 38817 210,34 380,686 2081436
2Z. Traffic and car-service balances-Dr...... .............. 5 6074 48,410,932 32,274,923 36,F34,957
2I. Net balance receivable from agents and conductors 14 0,589 157,79 21,917,3 NET INCOME ALL CLASS I RAILWAYS
27. Miscellaneous accounts receivable .... 66869,29 665,16,67 22,891 5 7,28
28. Materials and supplies......................... ..-----.... 611,10217 555,300,371 322:1 MILLINS OF DOLLARS
29. Interest and dividends receivable ...-- .... 32,719,758 2,121582 27 ,39,926 191786 6 MILLION OF DOLLAR
30. Rents receivable. ............ ..... 2,196,830 1,802,96 1,790,029 1,263, 35
31. Other current assets ............--- ---- 57582,974 5708.886 55117,510 57.297,585
32. Total current assets (items 21 to 1) .. ... 4.786.791.542 4.792.090.186 3. 65.493,69o 3.862.216,326
40. Funded debt maturing within 6 months4/..- ..... 101,751.803 14.004.691 75.898.923 104.366.075 100 -
41. Loans and bills payable /......--.......-.. ..... 11,185,000 14,888,834 7,700,000 2,600,000 1
42. Traffic and car-service balances-Cr.......-- ... 212,349,891 206,719 75, 012,325 166,767,888 2- ------9------------------------
43. Audited accounts and wages payable .... .. .... 505,228,497 589,748,62 28,421, 5042,324
44. Miscellaneous accounts payable-..- .....--- ......-----. 138,114,579 115.977,303 05,230,64 8869,927 60 .
4s. Interest matured unpaid.. ........... ....-- --- 589,3 45817 322 45, 5 0o 81 *;
4:. Dividends matured unpaid ....-.----...---.----- .. ,8,208 7,131,-55 3,705,191 6,851,438 i
47. Unmatured interest accrued.......-...-.--. ---.- 7364-6,402 71385.273 71.86 ,652 68,529,50 40 -
4a. Unmatured diviBends declared ... .-- ---.---. ---- 32,012,066 29,070,5 32,012,066 29,070,5 46 .
49. Unmatured rents accrued...--....--.... .......----- 5,290,1419 2,6~2,92- 2 2,158,952 2,030,259
Accrued tax liability....... .................. ..... 1,85,0337 1, 31 1, 15,9, 138 l,63),67,9 ........ ......Z
Other current liabilities............. .......-....... l46-l30.705 16-.392.346 0.989l76 12322812 .
52. Total current liabilities (items 41 to 51) -- 3,63,945.50 3173.449.656 2 7.94630 2.683.427.216 0
Anal o crued tax liability: 9 JFMAMJJASONDJFMAMJJASOMDJFMAMJJASOND
53. Analysis of a7crued tax liability: 1943 1944 1945
53-01. U. S. Government taxes---..................... 1,28,52,035 1,771,93,6 1, ,884,81 1,526,58,065 3 194 9
53-02. Other than U. S. Government taxes............. 128,511,339 131651,628 5,808 ,27 107,069,876
54. Other unadjusted oredits_................-. ...... 657,000,792 471,401,817 ;,052o054,94 365,150,517


I/Represents accruals, including the amount in default.
9/For'all Class I Steam Railways the net income was as follows:
Period 1945 1944 Deorease
3 months ended February ... $119,204,449 $125,735,133 6,5o,684
6 months ended February ... 296,833,010 831,678,692 8
12 months ended february ... 64758.406 5.525.5
The net income shown is after deduction of the following amounts taken out of operation .
revenues to create reserves for land grant deductions in dispute: February 19, 46,
February 1944, 43,281,815; 2 months of 1945, $6,138,150; 2 months of 1944, 6,590,269.


3/ For railways in receivership and trusteeship the ratio was as follows:
February 1945, 1.60; February 1944, 1.83; 2 months 1945, 1.64;2 months 1944, 1.86.
_/ Includes payments of principal of long-ters debt (other than long-term debt In
default) which will become due within six months after lose of month of report.
/ Includes obligations which mature not more than one year after date of assue.
j z Exoludes reports of 2 roads for February 1945 and 3 roads for February 1944 and
the two months ended with February 1945 and 1944 whose net income (or deficit) was
absorbed by the controlling company.
5; '# Figures include returns of the following carriers which emerged from receiver-
ship or trusteeship on the dates shown: Chicago &. North Western, June 1, 1944; Minnea-
polis, St. Paul & Sault Ste. Marie, September 1, 1944; Missouri Illinoie,June 1, 1944;
VWstern Paciflo, December 29, 1944.








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMIC AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS

OR TH" MW MONTHS S BD WITS BNWARI 1945 AMD 1944


jU C.Im tnrn hpP"3l1AR3Cs Io=m1000am t A PP= Mt IOt0N

1915 1911 I9"5 9:L"i1 = :1Loh I"1 '0A 5 ~ 11 191 ii1 115 919"9105 19141


UnAited state. ttal ................... $146.178.515 172.212,427 76.42.773 96.T 1,3 a 175.910.679 75192.572.763 121.OT77.955 125.259.6 outhmmern eion Coaumed


ser strict total ................ 39.00To.5l 60.2T6.111 Io.a0.5" 30.202.3 a26.19a.532 3.n19.395 3.974.973 3.TOT707.
now h"nlAu tao& Tota .............. 2.7,50 5.513.476 263.71 2.398.09 1.514.953 1.8%.27 no0.377 5.700T

Banor nAdt sek .................. 264.576 % 3.1.30 10.233 250.63 412.33 31.707 95.TOO 95.700
oseton cam ns........................ o 1.. 252.9 .5 6.907
casssaan Natiomwr L e la ton Nw agl .. a.. .fSa1 2, -
CsanfdisePati U...se sINasas0............ .10b 3%o133
Coenaian Pacife inae@ in Toem .t .. Ij...... u -
c.tral Tm ....................A.... HL 3. g 25.000 22,700 -
Maine eutra ...2.................1....... 339 a ,g a 1. .677 -
oW Tork Oaeit ..................... 227.13 3.60 .75.0993 16g 8 2-U
Now Toek.a, Maven m Nrtfore** ...... .O13.297 3.39. 1.0.093 2,5715? 950.000 1.205.625 -
tm er-y.............................. 2UgM. n2!1 1 210 a 2 o2 13,M4- -


rs f sks awiX on- total ..............
" "ro ...............................
Cenbria ml ilaua .....................
Del ma -re a son .....................
Delaenre, m s at m ...est .....
Detrot and Ma se ....................
Detroit mad fledo Sure Lm ...........
Arti ........................... .......
r l trIk Weste .....................
iLbhh an Neso liver .................
Lehigh la sew a s an .................
Lebigh Tall ...........................
Monnaghela ............................
Nasonur................................
Ns YoT k Central o/ .....................
Nw Tork. Oblego mn ft. Lois .........
low Tork. Otar a m i Westor** .........
Iow Terk. Ooqshb Ae .stern .
Pre Maru te ..........................
Pitteburgh nd Laks e ri ................
Pittubare a bn Iat ...................
Plttasurgh A Wst ircials ..............
Pitter. aat m Worther ........
WVa osh ..................................


OCetral atorn Baf ao total ..........
Akron. Canton Teangston ..............
atimore a Chieo ......................
SeaseMr s lk*e Brie ..................
cmetrol 2. I. of Nov Jar *eO ...........
Coiogo & utern Illinois ..............
Obfioao A Illinois Midlan ..............
Ohbeco, Iaduenupolls ml- Lltlloee* ..
Detroit. Toleo mal Ironton .............
1sg.. Jolte mn BSat ...............
IZllenoia te l ........................
C Island ..............................
aari-Inlsao .......................
Pen veaais ............................
Pm l e-ayl l4ent ig Seashore ...........
eestas ................................
St ena Island eUe transit .............
WesternMaylan ........................
Whelinag an Ie ** rie ..................


13.291.5u3 21 .13.199 2.321.656 12.775.687


45.180
A5979
14.791


436:u7
15.674
4.056
.491
S1. .
683.519
1.236.941

51b.

420.311
* *'
S21132
y5.'2
Ir .O77


75.167
105.733
1.36g:503
114.039
S1
3*
1.1299.:00


95.69.302
55.775
168.778
403.3?
141.7

1,120.191

113.U9
S80.n33
6.128

2294


22.971.363 30.319.766 8.263.215 15.7.972


115.592
3.1:55.09


899327
236.003
42.037
703.157
147.8241
6T.079
2,120.90
1.170,6w
31.861
a"
696:.216
537.335


31.105
2. 39.361
a 001)

97,707
215.072
408.793
445.837
149.322



93591.3
1.061,a2B
.94 .W1


,1 5.015.5m12 1 y.7.67.1laI


30.094
153.0e4
97.000

136.703
225.614
80.000
29:661
120.151
419.617
372.036



280.995
1n9 000


59,218
2.7471,474


19.038.007


411.3165


1530.000


372.300
918
121.000
8.761601
43.932
1.639.679
20.900
1.035.000
1.370.000


49.393
190.49

303.000
184.552
2.621.658
135.000
106,393
112,519
41176.000
120.'437
69.375
5,597.40w
3.008.000
77.904
659.698
870.131

3 05 s2
3-105-3n


19.201.490


53.973
3,110.119

232.000
115.600
100,000
261,816
31.779
112.016
10.651,770
35.156
1.917.000
787.000
997.000


2.655.212 2.,655.215


40.000
2,017.026












59g. 6


-
-
-
-
-
-
-
-
-
-
-
-
-
-
699.07
.
-
sopsay


2.017.029


................... ......
Snethers District Total ............... 3.481.319 41.242.702 27.199.129 30.183.694 52.113.2174 55.29.15 11.34.363 1 4.16.063
poe s fhot lls oeB ftou ............... 10.92 1 1M U.275.127 9.42,.23 10.696.01 111.260.123 15.953.32 9.259.223 9.259.23
Ohesapeke "a Ohi ..................... 5.220,24 5.537.301 41in.063 4. 9 469 1.516.6u 6.77.013 5.,7.0L5 5.743.015
Norfolk a" Vester ..................... 4.167.192 3.917.623 41.260.318 4. 167 7.325.000 6,030.000 3.516,0 3.%6.2&
a3idam frelerIttucr d Potomae .... 31.90 .05 41.753 56.6 1.605.000 2,325.0
virtam ............................... .152.510 1.3.60 799.079 s70.927 613.512 1.305 -


Southern maoM totl .................
Altben Greast Sother..................
Atlantas a West Poat .................
Atlants. iralasham ad Coast ...........
Atlantie oaet Line .....................
central of Gorg ......................
Obarlosta A Western Carolin ...........
Caelimati, Nw Orleans ma tonsm raeatle
COlan ietld ............................


29.967.575 17.556.96 19.487.46


2.5It 900


513.036


3P.939
bb.9
71.080
nca
'3.,l1.9gO
9.33
93.49
529.635
776.50L


37.853.151


2 ,000
125.000
5,300,000
01.000
115.73


39.335.0o


930.000

1415,0000
7.000,000
428.47 0
80.000
1.248.000
6,110


2. 105.1115 j 11,956.3115


20.445
*

-


colmnuis anGrenville ..................
Lorldt t oat** .....................
series L. o Organisation .......
Gorgis a orle* .......................
eorgia Southers an ortld .............
alfta n hip Ild.-t .....................
ulft Moble Ohiod e ...................
llinois central .........................
1sisveill ml a whille .................
Mississipp Oentral ......................
N hroille. hanmona & nSt. Louis .......
Nw Orlmeas aI ortheastm .............
orftek oathr ..........................
semhoerM Air iBe. .......................
Southern ................................
fnsee Coentra ........................
Western hlaU v ofa labnm. ............
ea..* m aMississippi Valley .............


1.6.668
&47.262
4.310.145
4.306.211
50,978
973,547
76.62
3.4170.47
5.497.789
72.220
79.196
463.964


1133 602
52:9410

1,20.3U7
5103.9.4
966.299
156.530

5: 33102
1~:635
.972.253


(2a.606
836,334
252.818

43.138
2.915.816
3.580.,47
32.091
738.362
232.7415
3.221
981.562
3.522.616
35.633
73.576
23.525


$30.U2
1,091.667
332.520
- 74.]LO

87.220
463.03
2.520.835
2.957.T73
33.54
734.85
115.139
2.4103
1.718.789
3.29.7621
37.156
502.917


$18.043
813.492

247,000
71k,000
5.450,000
8.17.440
21.394
507.878
2.332
3.225,000
9.701.000
14.663
134.872
20,000


$20,000


197,000

1.721,000
3.3196.o
4761.636
348.000
1.7410
3.900.000
.563,000
so,911
19.833
97.500


(19.700





2.0417.500





17.500


$2.~'.O.O




2,596.%Z0


weatera Distrite totat ................. 63.639.635 70.693.254 35.377.056 36.062.639 97.59%.573 96.463.743 S.733.614 7.336.609
NorSthwe Rn A Reion otal.............. 13.562.915 16.243.139 3.833.514 3.252.2- 9.170.377 12.10.396 503.15 125.000
OMetesa m North Western ............ .... 2.962.591 41,0.190 1 .203 1.62k.987 1,354.000 1.675.000 -
Chice.oea essw .................... 44.197 299.976 2 .9706 3'0.2'1 229.900 421.000 U 22.a;
Chloago. nilok. St. ad mld Pacifi ** 5.031.051 5.235,. 1.666. 1.u1.157 3.735.000 4,123.000
Ohlo selat pa1 imuMsolls m a N 62.11T70 612.975 T.942 209.072 53.000 1140.000
kalth. ismbe motd EIsam Mgs........... 2.06 1 2.o.4 2.22. -
DItluth. soathhore a t Aletloee ....... -
lush., ianipes fml acIfe .............. 15.9 1 6.11 -
Great wortheran....................... 2.528.632 2.9999.906 9S.M I.10.1 1.720.000 2.575.000 -
lake Sopeitor & l ml ................a1 21.000 1t..000 i
Minneapolis A St. l ,ul ....................270N5 7.. 2.0 3o3.000 50,
Ninneqoli. ft. Paul s .at Ste. Marie,* 30d 76.A.q0.176 LAMAI- --
Northern Pacific................... .307u 3.2T5:697 1 .1 1. X. .700 2.579.900 -
k.am iter ..ationa .................. .,755 29.351 2U.099 ..5 4.163 5.996
pokame. PFortlmad l Seatl.* ............ 5219 26.T70 a1 176.412 133.333 -
Wiscos lentral* / ................... 233.036 274.7 t ff 19.000 107,000 --


Central Wetera iscion ta ...........
Altoe .......................... .....
Atlhson, topeks ld aSts e s/ .........
Chicago. Barllastoa Quiner .............
OChl e loo k l A 1 rtraflde* .......P
Colors ad SotherM ...................
Coloradoe A Uprn ......................
Deaver &Rio Griad* Veten** ............
Donver and Salt like .....................
Port Worth m Desver Cito ...............
eorthoest Pacific .....................
Southern Pacifle .......................
Southern Facifie transportation Setm e./
foledo. Peorias A VWst I/..............
ion Pacie .............................
tah. ....................................
Weste Pacific ..........................


Soathlessten a on lg .e.............
slumont, Sour Lwke & Wete ..........
arliato.a2e Ielea ...................
itermatioal.-.fM oNorthwer ...........
KaUseM OCi7 II athw ......................
Enmsas, klaha A &" ..................
destlana Aameas .....................
M i TMAYalw ..........................
ass ur l m Aaas .....................
Usearl-sanase-t- .....................
Missolurl Pscifl* .......................
fe Orlee., exas a Mmelooee ............
Oklahon City. Ada At.k ..................
St. L oau. Broinm tlle a enieoo ......
ft. L sle-S rreaseloo** ................
It. loa.ie, sa Freliso a ss .......
St. Lous soathenstern** .................
sna Atenolo, "ale e I f* .............
te"ss mt ew Orl-a ...................
Tomae a fefie ........................
Tae N Mexlea .........................


I35.M3.3-51 35.190.2071 21.050.531 22.530.291 1U1192-137 159- j7-M9 1 96.


5.8,839
9.6, .655
6.33. 000
4.193.035





7.3?.00
37.4 .657
5,270,:3
30.199
1.136.935


8 ,190
1. lo671
43.793
1."993.37

33.46
6.301,671
1139.11 7
5.55.333
794.563


2711.no
8.26T:4192
5 :172.662

33.052


95.2.6:



16.312
958.m0


614.293
T


3.00335
32.7"5



366,725

a .199A
5.2.785
14.576
aa.ass


438,261
21.572.000
9.,60.300
5,60,000
1045.9o
22.100
569.000
159.156
7.138.900
10.955.750
111.000.00
10.500
2,013.000


452.002c
20.317,000
9.706.900
.500.000oo
217.575
49.100
707.900
351.219
10.002,393
15,801,977
12,500.000
10.,000
893.000


19.237.395l 19.259.9391 l0.49A 99P o10.230.063 26,936.359 26.651.25


5a1.558
1,109.809
l50,.

&48R,
1.34.164
5.981.055
603.879
1.222


1.2 5780
.9 'l'0


350,535
110,75
586.977
762.371
162.57
.34
53.704
32.935
1.415.937
5,911.664
669.9901

2.816.556
1.3D .551
1,


211.851

732.
113.9,
335.981
20.9 71
J!
854.706
2,983.263
161,412
34.023
332.548
9304W.5
38.453
1.418.26#
a Z57 473


329,a027
10.940

128,788
231.302
31.701
33.3VP
U9.904

49.253
304.893
*70. 39

a Mel


1.40B.633 1.12. 9 630.
* 6a.570~ 92,031 6.668 66.560


552.000
21.000
800,000
105.091
953.600
20.
19.0
1.7073.0o
421O000
33.857
867.3000
2.166.130
96.000
3.861.430
3.816.850
3,678.000
20,000


- a. a a -.- I *~~I a ~ A a


* report of relver or rseivers.
** apvert of M t@t or trustee*.
a sefit or other reverse tem.
7 Incles Boston & Albeau, lessor to Nm TYork Central A..
/oroerly tinluded in report of nmmeapolls. St. P-al Sault Ste. Mare.


U.S. GOVERNMENT PRINTING OFFICE: 1944-0-597280


N:16300
31:71M

";. 50ooo
14.2'3
32i.603
1.411600
100.000
2.52T.503

5.759.595'
3.575.000
20.000


2.829.572
2.,29.572
5.325.2E7


7T.2U.609


1.886.382
1.386.382

5.325.227


1 1 0.000J -


-
-
-
-
-
-
-
-
-
-
-
80,000
-
-
-
-
-
-
-
-


SIoolades Athtonea. opeka A Sant uFek .. Gulf. Colorado A S ata I* Py., m& a Pahadle fteta I* r.
D eta not acluaded la total*. lalud Soumtbhorn Pacim fle t Oow ine m l a w Orleans X. L Co., I. m laIaed Is.
/ Operatedb yP Pel Managew.


Pa*e 2


83.155
99,095
548.386


1,715.525




70. 33
14.931.67
2,19.6"99

1.070.166
516.679

A M72
26.uk


U6.141
110,500
1.946.325
1.171.405
S 3.910
2.669W711
948.892
52.771
215.216
224.006
9.10.2
1.828,333

733,228
329,160
80.301

,.


143.586
6,800.2a4


138,910
470.381
510.021
811.09%
237.699
69.947


126575
1.176,382
578.139


1166.620


%51-319


M-5793
236.392


1d .2


1. ?35:


27.559.511


3C0.16"
60,577
163.71
1,731.016
917=o0
9l.03I
77T.3X0
1.069.6S6


375.79
60.301
60.995
':l: .51~
139.220
goo.6i11
1.1%12.%61


- ------------ -----


I I 1 I I I


I


i


-t


..... .... ........................... I i 11--i -*--, i 1 i i


I I I


R





UNIVERSITY OF FLORIDA

S1111111111111 11111 011111111111 111 5i l lll11111
3 1262 08851 2115


Income Items


r ubj- t to reio .na
Subject to revision


All Class I always


For the month of March


1. Net railway operating income ......... 99,884,569 9385
2. Other income- 14,02,070 13,9)I
3. Total income ..13,936,69 107,784
4. Miscellaneous deductions from income .......... 2,78,297 2,82i
5. Income available for fixed charges. 111,058,342 104,951
6. Fixed charges:'
6-01. Rent for leased roads and equipment 12,4,03 12,621
6--02. Interest deductions/ ... ...32,49,386 34,64
6-03. Other deductions ...... 8,909 14
6-04. Total fixed charges........ 45,41,328 47,41
7. Income after fixed charges. 65,646,014 57.54
8. Contingent charges ......715,I80 2,36
9. Net income 2/.. ...62930634 55,17i
10. Depreciation (Way and structures and Equipment) 27,64, 704 26
11. Amortization of defense projects-------------------............ ..... 19,7,509 15
12. Federal income taxes-......... ... ..... 109,694,751 113.62;
13. Dividend appropriations:
13-01. On common stock. 5,048,477 5,401
13-02. On preferred stobk ... 385,318 699
Ratio of income to fixed charges/ (Item 5+6-04) 2.45


All Class I Railways


Selected Asset and Liability Items


Expenditures (gross) for additions and betterments-
R o a d ................... ........................ ... .... ..... ...........
Expenditures (gross) for additions and betterments-
Equipment...... ........... ................. .................
Investments in stocks, bonds, etc., other than those
of affiliated companies (Total, Account 707)........
Other unadjusted debits
Cash .. ........ ..... .. ... ...... ... ... ....... ... .
Temporary cash investments ..- ...........
Special deposits .........- ..... .. ..
Loans and bills receivable ..... .. .......
Traffic and car-service balances-Dr ...
Net balance receivable from agents and conductors
Miscellaneous accounts receivable
Materials and supplies
Interest and dividends receivable ...
Rents receivable .....
Other current assets
Total current assets (items 21 to 31)


Funded debt maturing within 6 months 4/.
Loans and bills. payable _5/ .---. -. ..
Traffic and car-service balances-Cr.
Audited accounts and wages payable
Miscellaneous accounts payable
Interest matured unpaid
Dividends matured unpaid
Unmatured interest accrued .
Unmatured dividends declared
Unmatured rents accrued
Taxes accrued
Other current liabilities ...
Total current liabilities (items 41 to 51)


53..Analysis of taxes accrued:
53-01. U. S. Government taxes .............
53-02. Other than U. S. Government taxes.
54. Other unadjusted credits -......... -.......-. ..................


INTERSTATE COMt ERCE COMMISSION
BUREAU OP TRANSPORTTONOMICS AND STATISTICS


CLASS I STEAM RAILWAYS IN THE UNITED STATES

BS) representing 136 steam railways
COMPANIES NOT INCLUDED)


Class I Railways Not in
Receivership or Trusteeship I


For the three months of


For the month of March


For the three months of


1944 1945 1944 1945 1944


1266,065,752
41,933,:5
307,999,167
8,202,842
299,796,325
936,274
103.7,272
141,073, 8
158,722,827
7, 103,619
151,619,208


306,195,081
25,588, 25
5,778,0314
2.16


-'!Class I Railways Not in
RMceivership or Trusteeship#


Balance at end of March balance at end of March


I9 9
*58?,57o,373
446,288,533


1,010,757.439



678,45 ,713
569,754,980
23,086,180
1,834 411
55.234.290


4,490.277.897


-B-


334.645:725
798,216,382
1,365.895.306
157:p25|1

14:4,921790
551,359,396
474,160,820
19,676,219
52.:093


3.582.635.348
96,188,323
2,650,000
170,313,95
411,6 683


10,643,290
19,357,372
1,465,123,221
72,709 413
2,381.776,676


146,365,667
65,298,304

474,423,702
1,031,808.186
1,72 9836
210,628,540

136 ,561
411,F596

614,141,641
32,628,373
2,:33,789
1a.67 .973


4,555,098.213


114,131,985 106203,683l


11,495,000
192,822,149
17,772,62961



2 797. 2146


14,937,426
208,65,998
493.489 850



22,18 ,171
1,720,274,210
108,627832
2.853.212,281


65,624.881
53,o039,148
Q 772,787
V1,8;3470
535)4,481
1, 1,160295
86,1

3 o7,

,911,276
,9,8: f


1 1 t o~-W -I '


3,568,215,142
77,962,817
8,000,000
,720,080
8,387,780


3,169,126
2o,661,314
1,.: 707 892
243,084
2.38.115.79q9


, ,_ _., .


1, 92,36484 1,80,292,
638105,449 14o,2813, 7
663,769.755 474.213,182


j,/epesnt acralIncudig1heamun i dfalt


1/Represents accruals, including the amount in default.
2/For all Class I Steam Railways the net income was as follows:
Period 1945 1944 Decrease
3 months ended March ....... 139,355,45 5151,619,208 12,263,803
6 months ended March ....... 304,037951 317295623 13,257,672
12 months ended March ....... 655,3,711 811,284,874 155935,163
The net inoome shown le after deduction of the following amounts taken out of operating
revenues to create reserves for land grant deductions in dispute: March 1915, 13,894,127;
March 1944, $3.091.063; 3 months of 1945, $10,019,207; 3 months of 1944, 69,668,074.


36.5268


079,624,021
12,661,981
92,286,002
2,725,
89,56o,6:M
12,000,379
22.578.725
3,1oo
34, 6,20o4
54,888,489
1,938,805
521949.684
23,315,668
17,110,829
90,940,217

5,048,477
385,318
2.58


$74,962,417
12,872,557
87,834,974
2,655,109
85;179.865
11,896,717
24.918,993
133.513
36 9 9.223
48:23o,642
16 70773
46:622,869
22,291,14~
1 ,432,969
96,559.788

5,408 .69
697,906
2.31


$193,026,374
38.392,66
231,419,0o34
7,068,561
224.350,473


273,419
13: 1
122,50so9o6
5746941
116.763;212
69,55
50,177,6
235, 506,04

23.785,315
5,726,435
2.20


$210,696,799
249,246,929

241,997,181
34,925.214
74,89o,367
110,157,87I
131,839,310
4.817,698
127,o021,612

38:9064,24,
258,539,797

25,588,425
5,778,o354
2.20


-I -


ANALYSIS OF NET INCOME--ALL CLASS I RAILWAYS 6/


Railways Reporting a
Net Income


Number ofl Amount
reports


665,444,215
58,176,532
19,894,131
16o0,o4,295


Railways Reporting a
Net Deficit


lumber of Amount
reports ount


20 $2,513,581
21 3,oo006,207
25 10,538,726
21 8,785,085


NET INCOME ALL CLASS I RAILWAYS
MILLIONS OF DOLLAR


JFMAMJJASONDJFMAMJJASONDJFMAMJJASOND
1943 1944 1945


P/ For railways in receivership and trusteeship the ratio was as follows:
March 1945, 2.00; March 1944, 1.89; 3 months 1945, 1.76; 3 months 1944 1.87.
j/ Includes parents of principal of long-term debt (other than long-term debt in
default) which will become due within six months after close of month of report.
Includes obligations which mature not more than one year after date of issue.
Sxoludos reports of 3 roads for March 1945 and the three months ended with
Marh 1945 and 1944 and 4 roads for March 1944 whose net income (or deficit) was
absorbed by the controlling company.
i Figures include returns of the following carriers which emerged from receiver-
ship or trusteeship on the dates shown: Chicago & North Western, June 1, 1944; Minnea-
polis, St. Paul & Sault Ste. Marie, September 1, 1944; Missouri Illinois, June 1,
1944; Western Pacific, December 29, 1944.


Statement No. M-125
MARCH 1945


SELECTED INCOME AND BALANCE-SHEET ITEMS4J

Compiled from 132 reports (For.*J
(SWITCHING AND TERMING


Period


March ..... 1945 109
March ..... 1944 108
3 Months .. 1945 103
3 Months 1944 108


1945 1944 1945 1944


-I-


I-


-11


C-


6
109 7.








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS

FOR THE THREE MONTHS ENDED WITH MARCH 1945 AND 1944


UST RAILWAY OPERATING min )NOO1UF1ERAL INCOME DIVIDIMD NET RAILWAY OPNFAIN N AT INWCOM F]RL INCONZ DIVIDEND

' region and railway ____ _---AT,-----9IATo-SRegion and railv--w-ay -- -n- -TX---oo
1945 1944 1945 19 1915 19 1945 19 194541 194 1915 941 5 19


I s246.063.09414 $ 266.065.1521$139.355.14051$151.619.205


$285,605.,30


$306,195,081 $29,511,750 $31.366.459


astern District- Total ................ 79,325.577 95.131.5271 36.151.620 49.502,725 48553,74 68,372.512 4.725.007 1.899,101


New nand letlon Total ..............

Bangof and Aroostook ...................
Boston and Malne .......................
Canadian National Lines in Mew England ..
anadian pacific Lines in Maine .........
Canadian Pazflic Lines in Vermont .......
Central Vermont ........................
Maine Central ..........................
New York Connecting .....................
New York, New Haven and Hartford" ......
atiMand .............................."


Great Lakes Recion Total ..............

Ann Arbor ..............................
Cambria and Indiana ....................
Delaware and Hudacn ....................
Delaware, Lackawanna and Western ........
Detroit and Mackinac ....................
Detroit and Toledo Shore Line ...........
Brie ....................................
Grand Trunk Western ....................
Lehigh andil Hudson liver ................
Lehigh and lNew Ingland ..................
Lehigh Talley ..........................
Monongahela .,,...........................
Montour .......................... .......
New YTork Central / ...................
New Tork. Chicago and St. Louis .........
New York, Ontario and Western* .......
Noew York, Suaquehanna & Western. .......
Pere Marquette ..........................
Pittsburgh and Lake Erli ................
Pittsburg and Shawaut ..................
Pittsburgh & Welt Virginia ..............
Pittsburg, Shawut and Northerne ........
Wabash ..................................


Central eastern Region Total ..........
Akron, Canton & Toungstown................
Baltimore and Ohio.......................
Besomer and Lake rie ..................
Central R. R. of Neo Jerseye ...........
Chicago & astern Illinois ..............
Chicago & Illinois Midland ..............
Chicago. Indianapolis and Louisville"
Detroit, Toledo and Ironton .............
Elgin, Joliet and Eastern ...............
Illinois Terminal ......................
Long Island ............................
Missaourl-Illinois ......................
Pennsylvania ............................
Pennsylvania-Reading Seashore ..........
Reading .................................
Staten Island Rapid Translt .............
Western Maryland ......................**
Vh.1 -LakeBi .........


2.61.a.2l41


-4.315.906


3.8o90.542


3.403.547


I- .4.-----------------------------------------4 _____ I


321,797
523,515
4 182.'5g Id


11 A
2, 2.M
192,020
132,175
2,483.327
d 29 .13


391.605
680.781
330.230


t 163.743
205,291
194.695
3,1493,1497
0 1R0.1Q4n


34.769


S 143.60,9
150,887
120,000
2.250,000


674.647
590.814


35.1400
87.157
2,015,529


95,700




11-.677


. -4 --=L~ F -x i it- t t --


12.116,752


20,295,315


13.438,1781


33.772.74


______ i _____ .L L .4 .4. & 4.


86,018
1145.155
521.299
s 288.196
d 18.195
158.657
1,622,491
375,807
8-.890
113:328
d 1.7T0.;1S
82,0I1
119,61-4
5.16k.758
2,196,898
9 QR3.9


a F-NR "IN


76,7.76

d 61.113
1.647.307


107.349
158,216
1.77.0o46
389,581
S 18.&61
170,151
2,134,05U
382 .283
86.9-
,66*91
242,38
723,2-6
2_,0,4614
155.773
8,968,181
1,770,152
d 9-51.46"
127.085
693,926
902,164
d 102,
--269.68
299.79


56,985
252.,333
4114,000

225,206
78U.507
225,005
1146,057
45.758
180,226
86.638
2,585,604
2.991,000
18,864
706,150
10,906
119.887
4,589,052


71,181
280,209
300,000
592,000
278, 445
4,608,1420
235.000
174,602
161.589
1,265,000
180,656
109,180
12,112,460
5,039.000
118.390
1,078,727
1,14.,1932

135:.1-

5,513.140


60,000



2.017,026








1140,000



598,186


95.700


60,000



2.017,029













598.186


.. . . .. . . 1 1-1 iI .-- -


a.721,6277


167,701
5.157,367
;d 42.38
363,273
376.917
316,7
135.147
366,778
617.685
1,221.033
240,871
d MOn 0


24,891,504


92.902
4.s864,315
d 582.55
d 231.407
1490.401
1148,900
1427, 728
596,350
671,313
2214,981
d 755 .79


10,590 o108,70 98,103
26.326, 10 10,631,907 15.263,901
d 560.660 d a. d7 b 77,.1;1


1,876,966
686035
1.053.086
7, 5-15r as31


1,385,963
6662.347668
I.Zll1:


31,225,02


165,752
6.429.207


200:600
200,000
457,.317
897,925
671.700
1,580
222,000


3.218.125
45.100
1,703,000
2.250.000


31,196,251


98,177
5,630,119

-08.000
238.700
150.000



154.,000
16.954,755
2,975,300
99,830
1,288.000
1.509.000


55.095






125,000



1,049,496

509,827


383,863



125,000



1,0o9,496

509,827


Wheeling and Lake Sri .................. V.. ev9 (v-1 ....
Soutrn District Total ............... 59,1428.,363 62.963.773 41.53s.,08 145,68,625 81,260,731 86,o45,121 12,156,379. 15,006,079
Pocahontase lgeion Total ............... 16,879,.87 17.331,869 14.990.,256 16.475,945 21,936,265 24.924,999 10.oi1,ou1 10o,04o11
Chesapake and Ohio ........................ 8,167,364 8,357.371 6,637,484 6,906,610 7,427,610 10,626,822 5,7143,015 5.743,015
Norfolk and Western ..................... 6,376,316 6,238,125 6,527,050 7,381,582 10,575,000 9,140,000 3,516,208 3,516,os
Richeond., Fredericksburg and Potomac .... 569,821 866,103 596,5 S66,983 2,835.512 3,536,112-
Virginia ............................... 1.766.386 1.,68.210 1,225.868 1.316,670 1.096,1143 1,L22,065 761.788 761.788


Southern region Total .................
Alabama Great Southern .................
Atlanta and West Point ..................
Atlanta. Birmingham sand Coast ...........
Atlantic Coast Line ....................
Central of Georgia" ....................
Charleston & Western Carolina ...........
Cincinnati, Sew Orleans and Texas Pacific


26.547.832


29.212.780


59.32 .466


1 _____ 1 .4. 4-


-585951
99,192
21?71144
3,736.876
260o.382
65.252
762,729


449,726
102,124
97.301
14,618,16
411.053
152,385
880,334
1,109,900


1.394.000
202,760
200,000
8,.300,000
269,302
-95.000
1.691,000
173.210


61,120,122


1,343.000
288,8114
65.000
10,750,000
692.705
120,000
2,256,000
1714,165


I I


30,668


Southern Region Continued

Columbus and Greenville .................
florida "aat Goant* .....................
Georgia R.R. Leases Organiation .......
Georgia & lorida ........................
Georgia Southern and Florida .............
Gulf and Ship Island......................
Gulf, Mobile and Ohio ........... ......
Illinotis Central...........................
Louisville and Nashville .................
Mississlippi Central ......................
Nashvillle, Chattanooga A St. Louis .......
New Orlean and Northeastern ..............
Norfolk Southern .........................
Seaboard Air Line* ......................
Southern .................................
Tennessee Central .......................
Western Rallway of Alabama ..............
Y.... nd uj--issiai Valey........


. $57,.910
1,906,1420
525,290
36,811
195.278
126,671
1.023,855
6,625.328
6.366.536
80,.794
1,626,.828
373.195
1142,597
5,300,695
s.,77.785
118.204
119.470
1 180.52.


$35.e42
2,513 328
766.,16
69,631
169,166
197,1487
1,115,557
6.589,1427
6.319.776
1.499,1422
259, 149
141,.656
5.972,o404
8.363.308
158,318
133.557
1. 20-l 01


$63.553
685,192


110,095
127.570
719.224
4.538,152
5.301,952
63.030
1.278,357
310,330

1,466,41l
5.506,967
62,289
1o9, 3
)1$. .1


40o,713
1.2014,14148
616, 317


788,661
4,263,647

1,163.493
197.118
27,1479
2, 76,109
4,86s8.s68
102.044
123.123
610.252


$30.843
1,783,192

346,000
1,182.000
8,485,000
11,829,760
40,112
870,307
888,000
25.100
5,.000,000
15.156,000
25.841
218,719
1.118.000


$25.000
1,568,885

287,000

8766
7,7146,000
12,6404,60
47.,03
831.620
583,000
19.898
5.900,000
13,322.000

1.431.750


$19,700






2,047,500
-
-,/,


s2,340,000




2,596,.400


zo.o. and Mississippi Vaey ............. .................................. .
Western District Total .................. 107,309.14 107.970,1452 61,365.697 56.427.858 155.790,955 151.777.418 12.630,364 11,459,279

Northwestern region Total .............. 20.971,501 25.,03,408 6,275.799 5.502,332 14,096,119 19,755.925 574.975 532o080
lhcago and orth Western ................... 4.797.388 6022,900 3.331.363 2,343,01 2,300.000 3,45,000
Chicago Great Western ..................... .. 7171 75 26.065 468,821 575.867 499.700 665,700 228.815 2286,20
Chicago., Milwaukee. St. Paul and Paoifio" 7.52.705 7.616.924 2,1402.137 2.1403.073 5,233.000 6.187.000 -
Chicago, Saint Paul, Minneapolis and Omaha 2.582 8147.990 2508014 245.o60 b168,000 16i.000ooo -
Duluth, Miss.be and Iron .ge ........... d 3.170.062 d 3.11.96 4 381.73 .35.328 -
Duluth. South Shore and Atlantic* ....... 52,050 209,873 i 16.291 d 14.980 -
Duluth, Winnipeg and Pacific ............. 9.003 94,25 104.0 0 d 12.6 1
Great Northern........................... ,009,927 4,861,694 1,63, ,001,96 2, 90,000 14,685,000 -
Green Bay and Western .......................67,242 125,563 76,237 125,1 49 59,280 6 .200 125.000 125,000
Lake Superior & Ishpoeing.................8 8it 1.379 d 2 d129624,d 24 1 107,100
Minneapols & St. Lo.uis................. 0,693 40,93 8.095 39 1 35,300 341,000 150.000 -
Minneapolis, St. Paul & Sault Ste. Maria 1,507,519 0.o6 d .5 -
Northern Pacific .......................... 4602635 5,078,126 1,63.,142 1,871,012 2,105,700 4,356,700
Spokane Internatlonal ..................... 71,92 39 326 3,732 10,47 80s,1426 6,992 71,160 71,160
Spokane, Portland and Seattle .............. 793,702 141,913 5.87L 8 1.8 350,713 133,333
Viscon ain Central"e ) ................... 412.009 619.569 d 15 1 9 514,000 107.000 ,O


Central Western Region total ............

Alton" ..................................
Atchison, Topeka and Santa sI/ .........
Chicago, Burlilnton & uincy .............
Chicago, Rook Island and Pacific" .......
Colorado and Southern ...................
Colorado & AWoaing .......................
Denver & Rio Grand VWestern" ............
Denver ad Salt Lake.......................
Fort Worth and Denver City ...............
Northwestern Pacific ....................
Southern Pacific ........................
Southern Pacific Transportation System is
Toledo, Peoria western V .............
Union Pacific ...........................
Utah .....................................
Western Pacific .........................


Southwestern Region Total ...............
Beaumont, Sour Lake Weatern*" ..........
Burlington-Rook Island ..................
International-Oreat Northerne ...........
Kanses City Southern .....................
Lanes, Oklahoma &A Gulf ..................
Louisiana & Arkanas .....................
Midland Valler ...........................
Missouri mi Arkanas ....................
Missouri-Kensas-Texza....................
Missouri Pacific* ......................
New Orleans, Texas A nxioo* ............
Oklahoma Clty-Ada-Atoka .................
St. Louis, Brownsvillei and Nexico* .....
St. Louis-San Francisco** ................
St. Louli, San Francisco and Tenxas .......
St. Louis Southweterne .................
San Antonio, Uvalde & Gulf- .............
Texas and MNew Orleans ...................
Texas and Pacific .......................
Taeaa Mexican ............................


+I


57,130.6671 53.855.509 38.792.634 35.337.042 98.906316 91,5so.126 111.795.389


1,335,672 1,396,555


1.335,672
114.1.31,
9.002.-7
7.211,631
632.335
67.5
3,402,1419
245,520
1422,969
158,093
9,089,836
12,469,581
5,6,633

1,711.093


1.356.555
12,117,269
7,097,723
7,358,916
791,517
121.633
3.085.816
240.035
717.723
35,873


6:.305
8.978,936
-11,711
1,320,516


849,900
12,799.394
7,350.762
3,801,022





7,733,271
521,242
23, 569
,443,045


903,3
10.l59.4l7
5,191.389
4.251,597
688,761
101,693
1,552.88:4
105.880
650,565
2, 382,231
10,036,051
626,216
8.535.452
20,709
468.427


782,618
33.682.000
15,501,400
8,400.,ooo
268,9148
32.600
1,086,700

234. 545
12.869,505
19.281.1482

23.000,000
15,33000
3,033,000


666.311
31.640,o0o
13,501,000


1.153,600
450.615
15.229,.531
23,313,036

20,000,000
13.500
1,825,300


29,206,976 29.071.5351 16.297.26 15.588.,484 12.788,52o 1o,0 1.367


373,181
107,313
936,649
1.57.983
667,837
12,606
2. 119.712
8,783,362



14,.59:.
81,387
2,906,995
d 204 41.0


540,475
158.003
929.212
1,224.446
245,185
527.277
68,658
57,355
2,1470,722
s,699,272
9951455
714,403
677.861
4,011.055
131,295
2.255.527
A 225.253


352,911


352,911
332,023
1. 06,620
199, 858
1.446,851
25,117
1,363,249

261.63

1.719.187
53.611
2.256.9565
d 254.393


50s,655
8.317
302.516
710,1405
193,923
299,370
24,505
1,582.619
4,122.,931
63,154
497,003
1,091,699
103,240

d ?b,149,l


3,3797 4,3908 2,32.023 3.316.104
1,981.927 1,6,80 1,32,986 90,558
2 169.19 129,918


923,000
468,000
1.550,000
186,401
1.274.600
25.147
13.395
3,053,000
11,1470,000
637.000
43.686
1,1473,000
3.570,140so
145,044
6,159.926
6,1411,.977
5,355,.0714
28,790


._____ I......................1_11_ I I _1__-1 .-_ _I_ _II j-____ _ _ _ _I [_ ~.
_______ _______ __,/___ ___ _______ __-___ &. Fe BY ,. ~... Gl- ooado& ana Fe P., W AdPauhwAnle & Santa 70 NY.


* Report of receiver or receivers.
** Report of trustee or trustees,
d Deficit or other reverse Item.
SInclues Boston Albany, lessor to New York Central R.R.
Formerly included in report of Minneapolis, St. Paul & Sault Ste. Marie.


1.367.861i
909,412
1,605,000
192. 998
1,008.800
a24.505
1,38.000
11,000.000
963.635
63.154
2.37:.000
271,000
14,315,323
6,083.505
5,413,000
40,000


3,6&0,590







2.829,572
2,829,572
5,325.227
I I


.I I


105.000
75,000




80.000


10.852,199


3. 60,590






1,886.32
1.886.382

5,325,227


75,000


75,000


Data not included in totals. Includes Southern Pacific Oomapaw, Taxas and New Orleans R. R. Co. and leased lines.
tf Operated by Federal Manager.


4 homo i


448.397
1.5385041

350,91

495.294
341.198
4.111,983
d 206,436


Page 2


Q. 0 1.-20


527.880
1,817.6514
& 275.664


6I41652

522 991
443.075
5.559.290
A 6.570


286,77.563


38.154.529


168,666
2, 6,236
1.993,717
2.576
200.202
4.367.852
80,621
311.i6
2,415,4201
363,993
160, 802
15,1437,654
2.825,714
d 45051


143.323
149,529
1.159.5714
1,209:

189.520
3,601,1472
1.438.1481
80,096
209.598
d 4.637
204.170
121,1431
11.129.956
3,620,747
d 661.571
127,802
1.947,165
972,415
64.968
635,322
d 2.661
2.561,002


1,171.520
1,271.070
9710
2.662
2,405,069


4.047,907


17,895,176


222.617
o10,638,6o04

906.246
231.094
770,955
684,32s
33.5168
3589
a Mwt u.


211.251
10,870,636

87. 0
757.157
213,997
703.891
1.3871154
377.487
103,818
111.058
21.51" ,657
14293.900
3,260,852
21n4471
1.773,.808
Q1Q. 97


3,837.07
296,691
2.122,042
71X1.4014


142.5s.1476


45.631.904


525.448
92,113
20,8141
3.081.229
1.421,434
153,297
1,190,631
1.:92.234


516,761
92
85. 21
4,673,847
1,375,1472
220.631
1,290,309
1.657.555


- -- n-9Q7'>FA


-1 k


-r-


-r-


I a Do nfLa IJ.. ... .


. I


-L


I I


i i i i


-r


-r


-r--


I


-t


-r


-r-


I I


-r--


-I-


III--ALQA=


R


114


U.4t.A st.t.6 _4.tal ...................


95,700


110.3 1


2.875.212


2.735,215


1,739.418


2,068.186


260,000


15.000


2.115,3.68


4.967.068


ro


U.S.GOVERNMENTP 0





Subject to revision


UNIVERSITY OF FLORIDA

3 1262 08851 1646


Statement No. M-12S
APRIL 1MB


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES


T Ut NIV. FL L

U.s. EPOM'TOfty


Compiled from 132 reports (Form IBS) representing 136 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)
Class I Railways Not in
All Class I Railways Receivership or Trusteeship#
Income Items For the month of April or the four months of For the month of April For the our month of


1. Net railway operating income----.---- ....---- --- 9'0S d ? 3,8i3 'o'Sm'w > ----- #72,06II,60162 l
3. Tot a income.-..... -- -- ........... ........................ .. 1_,-3- 100 ... ----# i I 3
2. other inco me... -----r-e------------- 1,-06:-0- $--- 3;2, ---- --- ---o1 1 319,5::11 o18537
5. Income available for fixed charges ....... __ --- ...............102,A8 : 727312310250o 32058I
6. Fixed charges:
6-01. Rent for leased roads and equipment....... ... 7 5 211,6 6 36 7:0 0 &1115.04 42 11, 2
6-02. Interest deductions / ............... ..... ---------W2.. :636 ,,01 7 U 91
6-03. Other deductions................. .............1.,
6-04. Total fixed charges --,7------ 4-, -------178, 392 1 6, 1 146s
-7. I after fixed charges............... ...................... 2 7, ,0 9
8. Contingent charges--------- .-------------- ..........................2 2 1 2, 0 2
10. Depreciation (Way and structures and Equipment) ......2... 26,602 966,66 190*22 24, 0


13. Dividend appropriations:
13-01. On common stock-............................,,872 275,9-2 21,890,59- 25,9, 2d---- 2---------- -_07
13-02. On preferred stohk-.-...--.... ...-- ........ 1--5;-. -5, 7,0 3 ---g i- S o9
Ratio of income to fixed charges/ (Item 5+6-04).... 2.34 2.13 2.16 2.12 2.52 2.27 2.30 2.20

All Class I Rai ways Class I Railways Not in
All Class I Railways Receivership or Trusteeshipi
lwan; Receivership or Trusteeshi# ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYSg/
Selected Asset and Liability Items Balanoe at end of April Balanee at end ANALSIS OF NET INCO ALL CLASS I RAILWAS
_1945 19 1915 _____
Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
Road. ......................................-. ......-........- 63,576,51 ,u8,914656 Number of Number of--ount
18. Expenditures (gross) for additions and betterments- reports Amount reports Amount
Equipment ....................-..-...... -9,652,801 2,664,915 -- _____r__---- reports .ou n rpounr
19. Investments in stocks, bonds, etc., other than those ,7
of affiliated companies (Total, Aoccount 707) --- 0' *6,99 -_ri .6 10 *5 2'2S 2
210. Other unadjusted debit....... ....... ................... ....1 M 1 'W.10':: 1 10 2,8;P 1227 1 Oi.0l
21. Cash...-n..-.....-.-.....--- ..-- ........................................................----- 1, 1 M2 1 o th .. l M 2, 19 .375
22. Temporary cash investments..............--.- ----...-...... ,
2 Special depositsre-eivabe....................... ............ .......----------- :--6------o 275 7 010:
24. Loans and bills receivable-1.....--- I 11 1
25. Traffic and car-service balances-Dr.- -..--..........- 1 3I--
26. Net balance receivable from agents and conductors -- :J 1 12 NET INCOME ALL CLASS I RAILWAYS
28.Materials and supplies. ... .. -- --........ MILLIONS OF DOLLA
29. Interest and dividends receivable ----............. 35 5.........- -- I 3J
Rents a receivable.................. ........-.-..... ...... ---- 1 30 -
Other current assets ........ --...... ..............-........... ... -- 212 0 7
32. Total current assets (items 21 to 31)..........-- 72.9.60 4a.557.50.755 3. 3.3314 3,65 ,W598.591
40. Funded debt maturing within 6 months/ ......- ... 131.2-B.961 ----09. 00.414,119 95,37.7590 -- ,
41. Loans and bills payable /---...... ...... ............ ..... 11 ,80,000 1 26 8,00, 1, 00,0 0 '
42. Traffic and car-service balances-Cr. ----------- ----------
4 Interest matured unpaid. ....... ...................... ......... .. ..................... A II !
46. Dividends matured unpaid--.... ....---- ....-----.- 2 0 0
T7. Unmatured interest accrued ...---40 -------....----.. ..- ................-. 6 .
3g. Unmatured dividends declared.--, -- -.5....-- II-I-I-------- ,
Unmatured rents accrued--......- .............................. 2
-a x------r----------------------- -------
Other current liabilities -------------- W-..... . .. -5 .....1 .
_.. Total current liabilities (items 41 to 51).... 2911..?01.0?7 W, al R. O.W t, 36 8 1 D. 0 M ASONDJFMAMJJASO
53 Analysis of taxes aoMred 1943 1944 1945
53-01. U. S. Government taxes.------- -..----. -*--_--- 1, 7----1. &B 60 1,I46 l. L
02. Other than U. S. Government taxes.....--- .......- -E- S
4. Other unadjusted credits........ ................. ............... 4,784 9 3 231
e/Represents accruals, including the amount in default.
i/For all Class r Steam Railways the net income was as follows:


Period 195 19' IMeee
3 months ended AUi ....... 7, ,7 S *
6 months ended U....... ,
12 months ended AnL .............t;* h f7 :4532 u a ou .0f

tne net imaMe *em U after deaeatioa of the following ono s taken out p fpfti


3/. Fr rilway* in recerVership and truteehip Ce ratio was fellowsI
I/noludea pejmet*a fo' pm ipel of tei-rm debt (ether them leag-te debt In
SInoludes obligations which ete not *oe than one year after date of Isme.
el / des rpert of 4 ro a for the 1945 oanth a period and 3 raeds tf the
194 moath ani period those not income (or sf ot t absorbed by t eontrolliag
s i g.' s inlua. returns of the followlag carriers itoh e* me d fro reeeiver-
ohip trwteesehip on tbo dates abows Ohi(oo & ]trth Western, June 1, 1944; lie.
pe s, t. aSt l an Ste. Marie, e*lneberib 1944 Miuecri 11inois, June 1,
1; Western Pacific, December 29, 1944.


;- I I r-IrF-- ,-- 1- 1, -


INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPOT ECONOMICS AND 8TATWIC








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICT, CLASS I STEAM RAILWAYS

n 1.a 1 Um n oM3r nM=o W AL 19" 1a 19A4


03 80111 03l31 *6 20am 33Y j MJEU 0151 vim"*. 2MUM3
1306r91201 A13MUMUM3 3056 9103m960=
m ulma iMnlM in = M 2AesAPl raOS sq
130s 130 139 a36 105 166 105 ~ 135 z66 105 106 305a306 1305 i30


3.1atmd e 6 ...................


7$w~o1Immm33.734350 6%.66057185 -1A


I 191,IIM 1 M.IILYI 031fo.061.611 6.1186I


63.936 .33


1 o.166.4% 1 *3.I56.675 60.500.5I


...................6


--- - - ______ L..1


he hM e~eid blAt ..............

WMB a a..s- go* s***i**m*********&
emae V M, 1.1 Ma i s law" el..
..laa Wantsa .1.*** ************.
0elea va ma .. ..... .......
0usasN otmt .......... ...
ohae* oM L ....... ....................
w Teok .m l ..................
he Itak. Ie Is,. eftmr l...........
h -o,--, ..........e.... .. ........


bomb le.........il....
Am Afeir....... ....

hlmW. Odmmma t sM .
1.1mm. 1me ""moveUse .......

ae obW e ele a ....... ....
ft& am seat"............
TMm~ lmb~ ............



NOWTeak, 61km..IMl II I .......
5. Teak. 61IwAIP..& lealmus

1llItowg "a IW u 0 ......... .. .
follmbmig, fhint a mlNtlhev


omlr.1a hRIMSmarlem, 2601......

km Ost.. am* ....... .... ....
Useraam. -2 o so n. w. .......
Omleiwa&lu3. 3.siT., eamq6
OeMV. mmamhelmfis tloui m.i
Derote. 2a0"andmi.Ima.........
a ewn. Jolet "alim m ............

mlismalIs !mials ...........




Wheeling mal Aks 21..........


#AM:


I 1a.6o6.9o61 6..6l6 I 6.355,630


6911.57


%:F
L

& i.&a
5,553.


113.63


133:516
3.600.000


31.00 5.6M


____ I t I
0.655.111 0,155.85


91 w

11.o785


M.1.375]


110.03

i0001
ROOD1

,less
1t5.03



3.51.6i



161.m5
6.m.3?


55.000



30.4"5

ME516


allow


6,367,515



o~m



o91~03
a5.53~0~
6.033.600
151.630
1,631.03
1,533.03


RAM*o


.*.. .. . .. . -; i i .1 - 1 T1 - IT


....................... .


-----M-------.. .............


Phemlae h b.emk. ml ele.....................
ortolk AVestau. ..................
noial .............. ................
SWOlMRule -, I .................
1A1Mo IwI 3 i ht................
MAmI a vat rmi .................
Mimm, 31"iim a mlCast ...........
Atfli asoet 61a....................
OmAtl o t ig .....................
taemrl a &es Oea& o ll ...........
Olamim l. he Ormw u ine h fMxilolm
A 1afU ...


63.060.3301 30,6n.1~ I 36.656166


34.609.7p


ks.0.1T0


______ L _____ J 4 4 4-


85,666
7,135,015

666.515
185.58
607.555

310.663

11.360,067
a es.~wow


i30vo
7.660.185


_ -w -


206.60
6.00.00;


A000000
SWIM0
1.110.13



205600
1:"m606
55.033


.4---------------*t-~--4


83.00565 365.6571 5"^4579 Iao6M6.01TI .a l8.1 60%


o,.a~,,usj 20.091.634 ua.165o06 ~ 33.817.053


.160


5.155.61
10201.5


5,518. s56

TAYIAhI


-6. 1..


165,06


1329.W6


TIC*0


60,03


N.m
2,011.605











550.166


31%63.6



215,000





146360


16.ois.* I 15J$0,0g5
I --- I --


I lO.UIrn.654lm.E!t.uEYJ


iuaau


586


I *~~1I.3 I '@~L ~ I I -- .L 4 ~
I -- I --


ss.alI.a'iol 33.515.0161 37.600,36 ~ I 61.155.165


13.206
LX13.5
2$6.9N1
6.83,511
8",953
1201702
"RAW60


.620,608
36.555
1,1CM6

I.1ITS:5


2"15000
10.60%4n


1^96.500,
mi.300

830.03~


5,550.667 5.016.870


1,~5.515
18.03
~0.650


lsk. m el Iw ell~. .................
Xn2te4 at Oen .......................
*ews La.. s emm ofl.Ua ..........
091t0m 6 t SI* ......................
.ism sln m... .....m..............
W iMAtmo It mN ......................
OU. IlMU t Chul ...................
el .................. .........
-ses 1 amsN Md ** .................*


bReaflM oa me.. ....................
le e...............................
s0 ..........................
Imabos k0mr ofik .............


611,30


F-0.16
83651
MIN~
1.37,g3


wATm
T 90 43


W.963

a% M1



M.513.30



TIM62


S~AuSA
4: Ml.I05

36085


1-313-491








6.1*.0
IT.56,0
1."M6


$05.100



n.65.o0
r51.03
1.13.k1
107.0%&3
U530766
91.03
1.03.53


85.70





6.106.700
W.s,"



17,500


amp;0,0


"am.. .- ..e, WV .......... .. Te .9 M.1 ________ .___._.__.
JI M= t. h-.1.................. 6.3 ,1. 067 0,9C.A6 .M 7 .1 .5.V05 196.W 663 U.1t. U6.6.
a 2...4...- l..............- 3.415.00 3. _3 10.6__ .09 1.%3.56 19.U95.151 M... 6 0.0" O56.
IKeWm a mlNor Wool ................ 3.... 3. 1.6 03T. 7. ,7 3,100" --- a? e0

ao hatT eel m .................. .U.iONa 6.- _v .0 63.03., '. 5 ---


kt k -M w e* eeee e ... .. F S? I t 'B J i..
fcth *ue 6 S Z e- f ', n ............... ,. A n b .'5 er H *o S ,, 00 T o0we~ -
US~ -m Skt. .e ml O 5. 10.l 351 3 ,10 I 31C. 7 3 s -6.00.0006 .83m
ak meate ml .amp ............= .As..... 1 tM l ,,u .
asib. on" ad Mm TAMlmle -
5.1.11 Ulmlq ml leiu 5fimN 161 --

helm..wM ..Au,. ..................... ,., _0.0%1 3.7. .M.: 0 7, : ,50. 14 00 MO
ke .om .o .a .,daMq ..-1.......... E 246.9n0 .'7.1.&-".100


mf.. -s oftieme. .................... s 3. ss17e3. %3 300 61.7 ,3050 .6 .
~ o l o t~ l m l 1.... ... .... .. ..... ..-,7 6 0 ,5 1 .01.4 3 .S 35 33333-
Wimn~ mletma ............1AM 'T 6sy3. 110.660?&107.03 d
...... AAM IIA3 133,33
we"""":": comas 11 ......... V)%gn& umm2 MOIST 30- MO


11 ..................................
AmtseM. t l t b r ......
Outage. hUm-a eS.& w............
ao l n. k gslm el eMsi* .......
lein ml te"SSa .....................
ws war a n Dmea verm..........
sw .. Mw lit kee ....................
eas -ho ., ,, 012 ...............
sou", 1 ......&................
eaMammi* ...........................


........ .........................
e. lme tf e i .........................

hmasI. t e heeeo I I ........*
Nrtlag I ......................
elJ..l M1 mere .0 ...........
i-e uty @lh*n ...................
Emem mo ba0 ."1...............
bml"ill &Askmm-.o...............::
OUl"mfar ........................
m-Tal a Aslbm ..................
mmeWea miI ...................
mi FM1cing w ....a.................
10 M448 Oie glaeWe...e ..........
06.ia h e 1m e .* It ................
e. 4l... Mil-erm e a-;eMl ......
&00. hlm In b .. o...............
Em .beala-. Igedee A 0.1.. ............
ft. &a*be. i numi- S .......
1. l M Im te..... ..................
to"Mom..........................
9ran an-le fit*e .....'.".'.^.^. .......


::::::::::::::W9111_*_IIII....._


evr Uqet ofr~o~lvw wow W9mwm.
as*"orI ~90m eor tmulmse.
w fo611 ehw rum. m.
== 206"s 6A.,a mw. liemfa"TmeN1 ekOmmsI el3.
SmanW,~IF MLOW la Wr% soal SOf lamqll. DO. ed a&he&lIt "*-Sub.0


~0.6g0


4 9ORI IJ


11, a.Ml



u6399

196,136.3
f6.6L30.
6okw61


31.0 6
it.34.609
136.1
9p.15.


I1a 'y

,151.70
talon,70
TZ~


1.113.156


so m 1700



366.300



3 10 0 0. 0
16,060o


761,733


640.0m117




7.0,603


3106M03


,ujs~asI T.6I.UI 1.o6. tI 0s1 6.s15sam1,..o


9 .3

IN3.2


1u63.117


6


Km616
30%30
is1.1



gem"&03


1?6.LV





1.655.651



AL


0.851.651' 5,510.3% 3.~'


1 Z39I I O1rnz


1 11.036


5WAIL


us500


1.832.01a





I.300603
3s$


3,610.5%






l,205.,10
0.5
5.335.-i


3.610.Sgo






1.666.~20
1.uulj
5.36.207


I 60.0m 1 75.M


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UNIVERSITY OF FLORIDA 1

IIIIIIII IIIIII IIIIG IIII I I III IIII INTERSTATE COM MER E COMMISSION
1262 088 O51 1968 BUREAU OF TRAMO AND STATIC


SUNIV.0 FL LIS.





U.S. DP~


/Represents accruals, including the.amount in default.
/For all Class I Steam Railways the net income was as follows:
Period 1945 19 44 t o ese
3 months ended My ......... 184,89,569 16 21,500,
1 months ended N y ......... O,018 289;2:4 6 '. '
12 months ended Ir ......... 851,1 9 850 76
Deorease
the met Inoease shown after dednotie of the following mounts taken out of operating
rTvenues to orete reerves for land grant deduettions In dispute: Ne, 45 4,723;4
tar 1944, #4,115,268; 5 months of 1945, $17,165,272; 5 months of 194, *,618,8.


P For railways n receivership and trusteeship the ratio was as follows:
MayT19.45 1.75; Nay 194, 1.99; 5 months 19, 1.75; 5 months 1944, 1.85.
V Includes payments of principal of long-term debt (other than long-term debt in
default) which will become due within six months after close of month of report.
/ Includes obligation which mature not more than one year after date of Issue.
a/ Exoludes reports of 4 roads for the 1945 month and period and 3 roads for the
lo month and period whose net income (or .eficit) was absorbed by the controlling
company.
# Figures include returns of the following carriers which emerged from receiver-
ship or trusteeship on the dates shown: Chicago & North Western, June 1 1944; Minnea-
polis, St. Paul & Sault Ste. Marie, September 1, 1944; Missouri Illinois, June 1,
1944; Western Pacifoic, December 29, 1944.


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES

Compiled from 132 reports (Form IBS) rePresenting 1)6 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)
Class I Railways Not in
All Class I Railways Receivership or Trusteeship
Income Items Tor the month of May 't the five months of For the month of May For the five months of
_______________1945 1944 194 1944 1945 1944 1945 1944
1. Net railway operating income.-.... --.-..---- ...... 0. .25,990 ,175,352 *439 ,67,015 1452,908,092 81,573,669 *79262,Z1 21,06 ,831 4 360:002,402
2. Other income.. .. .--..... .......... -,-a 1-,083,220 7l:1l3 69,977,590 13,899,947 12,899,642 8,566 64,035,843
3. Total income... -...-- ..... .... 115.107-792 113:,258,572 _51 :i9748 522,85,682 95,473616 92,162:593 4314,886,340 424,038,245
4. Miscellaneous deductions from income ------- 2,616,480 3.131,559 12,4,857 15,684.927 2,418,410 2,683,478 11,901,071 12,500,245
5. Income available for fixed charges -.-. .. 112,491,312 110,127,013 498,54,891 507,200,755 93,055,206 89,479,115 402,985,269 411,538,000
6. Fixed charges:
6-01. Rent for leased roads and equipment.. ---. 12,435,907 1,03,66 6 ,155 61,921,410 11,523,148 12,361,186 56,881,42 58,5331 t
6-02. Interest deductions_/.................................... 32,44064 34,6' 161:0 17282,732 22,25,047 24,2,781 1 11, 124,6 16
6-03. Other deductions--- -... --7............................. ........ 23: 7 1 16. 6 5 ,2
677J62:32 2 23237,'98;2 184,729,9:
6-04. Total fixed charges.. 44 2, 549 235, 76 33 37 17 168,896,04 2,08
7. Income after fixed charges. .. 67 1,62 22 271791991 186,69 5,08,198 ,89, 22,8,076
8. Contingent charges .....-----......... ...-- 28 93 8 7 OO 1 9 2,065,717 1,5966 9,89, 8,004,357
9. Net income/ -... .. .. 64879 5: 6 :4:342 259,93 017 57,120,974 50,90 4 22429,760 219,803,719
10. Depreciation (Way and structures and Equipment)-.. 27,753,978 26,756,241 7,132,587,946 72 22,64254 11650,233 112,068,618
11. Amortization of defense projects-..---....------------- 19,06,733 15426,740 97;, 3,4 73767739 ,11 13, ,379 84607,788 65,059,879
12. Federal income taxes....... .............--.............................112,99,335 115,480,454 488, 330 522,6,930 96,037,59 100,80931 05767210 46,44,680
13. Dividend appropriations:
13-01. On common stock. 140,738,091 38,562,120 69,5-5,782 64,426,526 40,738,091 38,562,120 69,585,782 64,426,526
13-02. On preferred stock -.................... 9,580,755 6,646,241 18,11,6 13,282,398 9,580,755 6,646,241 18,181,346 13,282,398
Ratio of income to fixed charges/ (Item 5+6-04) .. 2.50 2.30 2.23 2.15 2.75 2.39 2.39 2.24

Clasp I Railways Not in
All Class I Railways Receivership or Trusteeship#
A ----fReceirsp or Trueteeship ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS /
Selected Asset and Liability Items Balance at end of May Balance at end of May
1945 1944 1945 1944
Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
Road.............. .. ............. ...... 81,38,177 62,8,416 Number of Number of Amount
18. Expenditures (gross) for additions and betterments- reports Aount reports Amount
Equipment...................-- -11-0, 291, 29) 90,0--,-205 -
19. Investments in stocks, bonds, etc., other than those May ....... 108 660O120,34 20 1,J616415
of affiliated companies (Total, Account 707) .. 56.. 4,20,822 1 $56,714,498 542. ,928 $561,4 71 m ay .... ...19 113 60 0, 16 5,2
20. Othbr unadjusted debits .... ..0.............. 488. 48..9 5 4 ,912509 380.S .51 335,890,111 5 months .. 111 267,990,3 17 6,57 21
5 months ..19 114 264,989,698 15 5,051,681
21. Cash.... 1, 248,27-,-00. 1,1,52,808,,18 1,01, ,2t,268 98,558,611
22. Temporary cash investments ........ -. --..-.-- .-- 1, 812, --1 ,68- 1 ,3,333, 9 1. 82: 9 68:6 1, 4 8 82
23. Special deposits-...................................---.-- ...-- ....-- 292 ,93 1,;1 49 48 3'03'17
24. Loans and bills receivable---l------ ------- ------i- 2, 30'07
25 Traffic and car-service balances-Dr ...........-.......-- .. ----0------ ago 25' IR.t "I NET I E AL CLASS I RAIL WAYS
. et balance receivable from agents and conductors.... 1 26, 01 NET INCOME ALL CLASS I RAILWAYS
28. Materials and supplies-...................... .................... .. 5-2, 1 8 MILLIONs OF DOLLARS
0~ Rents receivable .....3...5 1- 27......2 097 3,I1,961 ,743,008
1. Other current assets ....... ..................... .................. 55 62 7 5 0 3 15 20 .
32. Total current assets (items 21 to 31)-- 4.885.863.165 4.686.829.919 3.862.218.793 3.766,624.066
40. Funded debt maturing within 6 months/ ..... -- .-- .... 131.138.300 172,926.367 104 6.709 164.562.130 00---------------- --
41. Loans and bills payable / ......................................... 3,985,000 6,538, 86 ,0 1,900,000 -o- -
42. Traffic and car-service balanoes-Cr. -......9.---.... 19 .040372 209, 81 1 037 172961296
43. Audited accounts and wages payable --....... ... ..........6...... 49 490 4 ,177 410,183,080 1 1M
44. Miscellaneous accounts payable.................... ... 7 1,563,47 -, 412,09_2 99,862,2 0 :. ..-- .--- --- .
45. Interest matured unpaid---.....-......... ...... I,3, 6 3 4 83,723 137,009,82
14. Dividends matured unpaid .......--.....--....... 8:.1j.,: _:38:.2 8: 97-- 7,19,--
47. Unmatured interest accrued....-..... ----..875 400 40 .......-.- :--.------------l- -----6--69-26 --7-
4g. Unmatured dividends declared....... .. .............. 60:468:21 448,207,765 60,68,212 48: 0765
Unmatured rents accrued.................... ...--- ..---- 2 8 2 4 29, ,782
taxes aorued............ ....- ............. ........1,70 ,8,54 1,626 ----------
Other current liabilities e---g4~- ----- 1_..... .. 1. .6,36- 8 17 1- o 66 .8 1 .73_
52. Total current liabilities (items 41 to 51) -...1847391 .023.382966 2.608.b02.435 2,5346078 0ONDJMMJJA ND
53 Analysis of taxse saoorued 1943 1944 1945
53-01. U. S. Government taxes -- ................-- 1,655,506,597 1,742,482,919 1,410,662,002 1,507,543,03
53-02. Other than U. S. Government taxes---- 1....,133 156,758,303 112,606072 118,851,106
54. Other unadjusted credits................................. .. 688,91,253----------- 61,86,19 577712,190 3599944
1/ersnsacras nldigte mun ndfut


Statement No. M-125
MAY 194B







INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS

SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
OR Ta rFia MONTHS uesID WITH MAx 19145 AND 1944


Pag 2


N YT RILWAY O fPUATINI Mlm&L 11S01nonDItIIDI N COME BITonoon TAM APPROPRUATION
Region and rail way Regi_____ ________ _________ eulon and railwq
1945 4 19 4 l9"5 194 19 4 9 945 1944, 195 191A l9 19

United states total ................... $439.677,035 $452.90.092 261,144.4 259.938.017 48,563.360 522,624.930 87.767.128 *77.706.924 southern Region Continued
astor District Total ........**....... 153.290.239 162.196710 8125.016 85.871.343 83.966.70 125.948.805 25.073.830 25.85.0.14
olub es and vrnlle ......... .$ 73 $486.717 *51.339 7.249 $30,943 $35.700 $ 19.700
New Merland lano Total ............... .909,942 16,838.952 6.002.486 8.938.974 7,593.973 7,20.,416 7222.,40 247.9 lorida t a Cosat** 2........ .....7. 9 3 6170 1,006.332 1 124 2;633. 492 3.oo00.8 -
Georgia.R L. L sse e Organisation ....... 852,98 1 35-96 1,108.455 -
loager ma Aroosook ...................o 661.391 s 2 6 68 .697 575.2% 1,263.176 74.59 191.1oo 191400 .4 oorgia &. lori t. ....................... d 27.8200 68.772 4 9. 260 11 -
o to and Msine........................ 3o005.90s 3,87, 1262.607, 1920.139O 1.070.995 1.56,58 Se.rgisathr an d Florida ............. 3 41.6 293,775 oo,7o 1 s.05 s480.000 51,oo -
Canadian Naiona Lines in N grt a .. .i 104. a .0o 6s.T 6.,7 I- 0Glf i a d Ship I.land ...................... 229.71TS 22.73 230.195 21.935 -
cal.di Pacific .. ... .... .......n 70.28 7 l. Guslobile and oo h .................... 1.908.51 1.919,9 1.396.013 1.377.?36 2,. .o 1 9.,. o -
Centraian Pacii ines in Vermont ....... Illinois Ontral ......................... o.716. 11.906.194 7261162 38 13 13.986000 -
contrl Vermon.................... t......li 6o. 9 Louisvile .1 Nashvillee ......... ........ l593.13, o.30 93 o16 19..soo 4 00 20o,185,100 4.106.700 2,340.000

New York, Now avsn an d Na tford** ...... 8.010.066 10.379.6 5.0s.114 6.9,14r 4.600.0N00 .0. N Orlns and Northeaste ............. 8.478 2.518 43.785 348.123 1.239.000 1 .007000 -
atla *................................ 267. a sortolk s$ then ......................... 227.3o 40 228.152kas, o.51s s48.151 29.341 3%668 -
.. .- ss- eaboar Air Line* ......................8. 235701 9.s36.00so 1.229.,069 4:,437.919 7.000,000 9.500.00 ,
Great LakesReleson Total .............. 57,761.e65 63.26.830 29,86.,762 3.180.1 25.335.314 58.521.m 8.494, 05 9.1145.933 ,Souther...................... ................ 120.169 1*3.930.485O 9.1.23 52.603 214 .000 22.0 2,000 2.5961
Aan Arbor ............................... 7.582 6.2 197.316 163.93 129.184 122.143 Western ailway of Alaba ..................92.7 236.05 177.623 219.250 9.11 '143.142 -
Cambria and Indiana ..................... 61 269.836 239.9 25.41 93.730 437.935 60.000 60.000 Tl a d a t Mississippi Valley ............ 2.323.:55 1.833.-43 1.213.1407 677.469 2.l .000 1..28.250 -
Delawsre a adeanon.....................2.135.776 1 962.176 O1.020. 2-4 93.286 3.000 82O.000
elawar. Lackawanna .ster....... 2.730. 35 2745 9 066 333.000 1.:231-000 western District tl ................. 189.107.01k l6.806,985 L13,00.0.56 99.60.672 73.099.719 3.51.91 30.351.94 23.3.729
Detroit and M al ki nac............. ....... . 1. ,431 d
Detroit ndToledo Shore Li.. ........... N.S 32.9216 4i 271. 36.0 100.000 160.000 Northwestern Region otal .............. 45.718.129 51.303.7.8 21,758.901 19.100.515 28.179.758 33.207.429 5.677.831 3.030.979
. ..... .6.6.40o.7 7.133. 3.33 3.4 .66 1.553:11 7: .10.531 3.214.92 32 95 3#,4...25
Grand Trunk Western......................21227.0L0 2.238.L3 316O2u0 ,223 0 170,355 l.00- Oiago ma North Western.................9.059.331 9.809,1 7 T.037.155 3,1128.628 5.070.000 5.345.000 -
Lehigh and sadon River................. 128.706 130.. 137.119 1Ao4,8 166.539 71.580 Chicago Great Weetern.................... 1.221.209 1.402.331 810,359 961.006 1.0o05oo 1.236.100 457.63 226.820
Lehigh anda Nw gland .................. 28.,758 537,859 182.50 4.s 72.37 282. 43 Oeagos, Mlunvank, st. e at and Pacifo 12.1,o31 12.699. 3,819,91 4.189.355 7.071.,000 7.837.000 -
Lehigh Valley.......................... 1.9 TT775 4,.152.5 a 1.31.965 2,968.000 hicago. Saint l. Minneapolis andOmb 1, ,571 1.2 2.469.304 28 79 2 5.000 .000 -
Mononshela ............................. 240.731 63.178 .329 300.377 301.093 Adlth, iesabe and Iron Range ........... 1. 20.227 1. ,0 1,066, 1 7T 46 7145.81'4 509.4 -
Montour ................................. 253.871 304.2 251.1 96.007 11.77 210.730 llth. Soath Shore a Atlanti ........... 224.227 317.35 14 6- -
ew York Central / ..................... 22.461.601 26.342.167 12.671.071 14.906.58 8.090.557 22,380.595 3.223.697 3.223.697 Dluth, Wintnipe ma Pacific ............. 13.663 T214.711 6l3. 9 4616
e TYork. Chicago and St. Louis ......... 7.583.69 4.69,45 5.510.721 2,961951 2.991.000 8,299.500 Oet ort n .......................... 8.149.600 9,a6,87 4. .,oo 9.60M,000 4.616.936 2.496.899
ew Tork. Ontario and Western** ......... 797.60 2401 d 1.328.29 d 98.11 oren r and stern .................... 47131 124.37 T 3.7 9o0. 9~5 .157 106.053 .o000 125.000
ew York. asquehanna Vestern** ....... 77 391 8 54.979 142.778 Lake Sprlor& Ishpe ................ 89, 31.295 93.860 35 62.574 23. 107.100 107,100
Pr MaIqette .t........................ .3.396,602 1.918.117 2.558, 1.052,93 1,740,017 140.000 Mtinnpolis l St. uiS .................. 765,914 724.476 774,276 636.233 559.000 424.000 300.000 -
Pittarh and Lake ris................. 1.957.936 2.110.808 1,522.830 1.534.183 1.501,940 2,516311 1.127.300 2,159.125 Mnnapolis, St. t. Pl alt Ste. Marie ,522710 2.953.569 419.773 2 1 117,000 -
Pittsbarg and Shanat ................. 104,790 122.517 4 57.532 .39 10.906 10896 Northern Pacifi ......................... 7,852,106 8.611.101 2,86.,219 3.277,51 3.695.200 7.639,100 -
Pittergh WesTt Virginia.............. 1.037.181 696.969 r O.633 ,61.W 187.528 208.9 pokane International ..................... 115.738 103.217 68674 54.022 178.913 53.532 71.160 71.160
Pitts.urg. Shwm.at end Northern' d......... .48 a 22.96 7 84.0 Spokean. Portlan and Seattle............. 1.509.307 1.079.079 68.515 0.260 70.000 133.333 -
Wabash ........................... W...425671 .303556 7 2. 6,439.446 8.502.323 598.186 595.186 Wisconsin Central" /............ .110.56 1.59.44 336386 652022 310.000 107.000-
Central Eastern aion Total .......... 82.618.432 81.930.928 45.363.768 43.752.2 4 51,037,17 60.219,168 16.357.317 16.192,032 Cntral Western Region otal ........... 94.951,069 88.430.135 4.528.998 55,o0.419 174,515.46 152,326.4514 23.613,242 20.120,456
Akron. Canton A Younstown .............. 321.906 355.571 248.903 218.383 225.565 164,47e 165.285 Alton- ................................. 2.292,644 1,96%4," 1,479,517 1.,.1 2 1.395.860 925,143 4
Baltimore and Ohi....................... 19.199226 19,060.51 9.639.572 9.555.581 12.46.207 10o,987 Athlon. Topka an Santa N. ./......... 4,453.043 20.231 144 21.3 692 1626.644 56 038,000 49.91170 6O.74.910 6.714.910
esemer and Lake rio .................. 930.172 1.062,039 307.233 29,816 260.767 a4.6 Chicagot, Brlinton & quinor ..........** 13.968.499 11.0.366 1145.090 7.00.0 .765.900 20.703.700 -
Central R. of ow Jersey*............ 2,722.070 1.771,906 954,957 d A 35 709.000 75.000 Chicago. l ook Island and Pacific ....... 11.636,071 11.896.285 5,942,142 6.602.390 1.000.000 10.750.000 -
Chicago & astern Illinois...............1.274.541 1.620,159 6576.052 .42.900 148.000 383, 63 383.863 Colorado Soth ........ ........... 1,05.932 1.301,407 874.46 1,3,140 425.412 577.213 -
Chticagose ilnois Midland .............. 394.877 397.115 261.906 259.183 382.200 530.500 Colrado & Ing. ............... 101.,49 1s1.19 70.128 17.7721 46S00
Chicago. Indianapolis and Louisvlle .. 1,042.767 1.289.905 470,97 710,062 258.369 350,000 Deaver & o rande Wvestw" ............ 5.57,448 6.258,47 3.103.671 .950.143 4,322.300 1.153.600 -
D.troi, Tole.do ad Ironton ............. 1.025.04-7 1002.921 15.712 790.777 51.923 A Ga0 Dnr m t Lke...................... 35: 386.2 88 44 M060 11394196 -
1in, Joli.et and asterm ............... 2.171.546 1.213.876 16.89.6854 926.6 1369.42 0.030 Fort worth A Deaver ity ...............14 5 .0 u 5.6 706.76
Illinois Terinal ....................... 606.982 583.234 382.139 3619149 1 000 101400 125000 125.000 Northwestern Pacific..................... .223.059 172.280 5 651
ne4 d.lr9i. ............................. ,SuhPai5 ,ic,, C 9O 1%,7 sonek a ............................ 15,242.47, 15.929 bT325400,,76228-00oo342,5.659.145 4.725.95
Lose Island ........... ........... ... 966 709 7 01 o.90; 0?14.7 6.4:., l 61462 .
Missouri-Illinois........................166,058. 1 .76T0 375,000 204.0.oo Southern Pacific Transportation Sy1tem2/ 21,22.362 23.373.666 13,744 141,:14.001 5.659145 .715.954

a.., .................................. 6.3. 33. 3. 3 3 .. 14.6435.8897 5.491,.900 1.79.053 1.7149.053 W h .................................. 61.71 571.682 26.82 ..06 17.000 1.n500 -
Staten Islan Rapid Transit ............. 437,936 53110 195.50 130.100 191,830 WeanAflto .............. ....... 2.726 6 2.511, 2255.880 1.095.391 4721500 4.22.000 2.9.595 -
W:sten M lan d: :........................ 2 ,13g 3,130.253 .5.9390 1 .909, 62 2 480.000 2.367.000,
Wheeling an Lake ris ................. 55071 1316.767 1.55.52 1,180.679 3.705.000 2.80.000 766.362 766.36 2 Southwsstrn Raegion total .............. 48.1437.816 47.073,102 26,714.157 24.719.738 70.404,500 67,988.029 1.060.869 283.29)4
Southern Dietrict Total ............... 97.279,782 103.904.397 67.161.270 74.606,00 131.496.937 143154,213 32.341,356 28.389,181 nont, Soar Lke Westora" ............ 695.111 867.049 573.462 81580 1.496,000 2,176.861 -
a orllgiton-ook Island ................... 271.915 199.130 22,480 d 26- -
Pocahontas. gion Total ............... 28.,804337 29.094,644 25.761.986 27.732.328 36.167.549 41.26.886 23.569.515 20.302. 37 latrnationa res t orethrn........... ,5214, 3 1 ,629 50~,5 146ooo000 1,206. % -
1ansas City Sou thern ..................... 2,57 6.,6 2,3 ltA 1,723,516 .1.453.212 2.650,000 3.065.000 105.000 -
hesape and Ohio ..................... 13.391.947 13.847.807 10,907,760 11,453,28 12,197.810 17315.191 4.753.839 11.486,031 ransas, Oklahoma Oulf.................. 40 67 02.92 320990 31.899 306932 307,95 208,294 208.294
orfolk and Western ..................... 10.725.318 10.724,o 11.011,547 12.658.635 17.925.000 15.850.000 7.252.101 7.253.231 istan Arkansas ..................... 1,117.134 40.034 73385 53420 2.1.600 1,674.400 75.000 75000
hmond, Fredericksbur mand Potonac .... 962.838 1:2.149 974.711 1.455.458 4.796.596 5.886.11 Midlat Tller........................... 115.825 102.03 24281 10,949 2.281 10.949 -
rginan ............................... 3.724.234 3.070.22 2.867.968 2.164.951 1.248.143 2.16553 1.563.575 1.563.575 Missouri rkanas.. .......... .. 12 6 3. d 3. -
so8uri-Kane-Te: as ................. 3..O 3,260,161 1 1,633,7600 2.903000 -
Southern Region Tota ................ 68,475.445 74.809993 41.399.284 46.873.674 95,329.388 101.937.327 8.771,s81 so6,34 Misouri Pa.. ci ........... 7,1 13,7 6.701,8 6.43.1 19 00 17 O ,00 -
Alabama Great Southern .................. 780.605 8 e5.052 669,609 775.248 1.985.000 2.200.000 1,008,932 1.008,93.2 Oklahma Cy-A dAtoka ................... 928,50 l,6 73,169 115,599 73o003 11,170 80C0 -
Atlant and Vest Point .................. 156.853 161.370 169.715 173.323 368.223 505.362 st. Louis. Bronsville and Meco ...... 1.334.589 1.238. 1.03.23 92.5 0 2.701.000 2,.8.603 -
Atlaten. irainihm sad Coast ........... 259 951 150.776 274.766 1 .01 370.000 160,000 8t. l-sa Iranetlsoo ................ 7.417.14 6.36.SU 2.772.051 1.515.5 5.963.180 4.13.000 -
Autlatic Co t Line ..................... 4.479,576 7.370.976 5.553.723 6,49703 12500000 17.750,000 1: 45,915 .4,918 Lous, sn Franciseo ma T s ....... 166.605 195.726 120.290 1 .1 7 7 7.464.000 -
Central of Georiaa** .................... 2.520.091 2,4.47 588.306 62645 473.837 851.176 St. Lois 8Southwestern" ................. 4,803,808 3.890.578 3,738.166 2.778,279 10,194.133 7.775,49 -
Charl.eton estoern Carolina ........... 239.219 3.585 126.284 269.760 115,.000 190.000 72.000 San Antonio. vlde lf" ........... 62.64 246 28 4 3 52.o0 d- -
Cincilnnti, w Orleas and Texas P fte 1,920,22 2,137,015 1,211,166 1,457311 3.005000 3.873.000 1.845,112 1.845.112 Texas and Nw Orleans ..................39 7 3 0 6 5.667,57 10758.096 12.713.659 -
Cinchfield ............................. 2504,036 72536 1.812.315 28684 290.276 Tex and Pacific ....................... 3.53 2.5 2.46 1.621.45 .895.07 9158.000 592,575 -
Texas Mexicma ........................... 5.743 33.380 d 20.80 270.573 16.790 80.000 -


* Report of receiver or receivers.
" Report of trustee or trustees.
4 Deficit or other reverse ites.
f Includes Boston & Albany. lessor to New York Central R.R.
Formerly Included in report of Minneapolis, St. Panl & Sauit Ste. Marle.


a/ Includes Atchison. Topeka & Santa In y.. ulf, Colorado & Santa I STy., and Pednhadle & Santa Ps O .
/Dat not included in totals. Inolu es Southern Pacific Company. Texas and New OrleansA R. Co., and leased lines.
Operated by federall Manater. U. G, GOVERNMENT PRINTING OFFICE: 1945 O 657218.




pa ) T*te. 3 Avi -.. (1p S-


UNIVERSITY OF FLORIDA
1 26III I 11 ill 80III 2llIIIIII
3 1262 08851 1802


SELECTED INCOME ANI BALANCE-SHEET ITEMS C

Compiled from 132 reports (Form
(SWITCHING AND TERMINAL


Stomen.t No. M-wi
JUNE 1IS


CLASS I STEAM RAILWAYS IN THE UNITED STATES
representing 136 steam railways
COMPANIES NOT INCLUDED)


All Class I 1 always Class I Railways Not in
Receivership or Trusteeship#
Income Items For the month of June For lhe si months of For the month of June For the si month of
_______________________________19945194 945 1944 l9. 19



6-01. Rent for leased roads and equipment ---.............. ,12,,l- 2-,-,6 7-- 7, 0 7 112, 68,9 1 0
6-02. Interest dduco ............................................... I 35 1 203,o 25, .
6-0. Miscellaneous her deductions fro ---- ---- 2.........
6-04. Total fixed charges.............. ......... .2 2
5. Income aftvailabl e for fixed charges ------..................... 4,10 '2: ----..- 9 1 6 : 9 : .9 929 7 2: 5;66
Continent charges ... .....................
6-01. Rent for lea / ...................ed roads and equip.nt ... -65-,, 6, 7 1 9 3 2, 3 917



Ratio of inooe to fixed charges..../ (Ie... 5+ .... 2.51 7I I_ 2'6 2.-


All- Class I Railways Clas I Railways Not in
seoeivership or Trusteeship I
Selected Asset and Liability Items 'alanos at an e ,. ane at en O ANALYSIS OF NET INCOME--ALL CLASS I RAILWAYS6_/
9._ Not_--_-----------------________3__32_____3 19-;5 1915:0. 19125 __52:91:th __1
10. Depreoiat d AsWay and structures and Equipment) ..e.s. So 2 6,760 ON 2,9 16 3







----------Railways ieportng a Railways Reporting a
12. dl tax........................................ 99,.973,598 7 653,2 196 re-orts 55O--rot8ou
18. Expenditures (gross) for additions and betterment.s-. 1I9,0L0ro 10 01 Aoun Number of
13-01 .. sto.k.- ......................-. ? -- ..------ .-a -- 9




19. Investments in stooks, bonds, etc., other than those I -
1.,Cash 2. ...1 7..6.re ..._..... ...................................,781 .ns..... 7, 1,5 ::" ; 05 5 ; '8 e
T emporary cash investments.... .....arges (Item 5+6-04)... 32 2.27 2.22 2.66 243 2.43 2.33

All Classial deposits Railways Cl I Railways......................... ... Not in
S Loans and bills receivable Trusteeship




Traffic and car-service balances-Dr. ............. 11..
Selanected Asset and Liability Ites ANALYSNET INCOME -- ALL CLASS I RAILWAYS
Sraterials and ales .... .............
Re Int r e et and divideads beceivable ... ..............7.7.5... .M ILL.ONS OF DOL A
Other current assets....1945 .........................194. 1949

12. Total current assets (items 21 to 31)....oo....... ,600,062,0o1 11,,71,161,0 3.635,107t056 3,567,58l,81111 0o
10. Funded debt tuning within 6 months ................112 ,27,039 D9,8 85,51, 195,1936 o00o.l lllllllllllllllllllll l l
17. ExpeLoans and bills payable(g......................ross) for addition and betterments- Period Nt Incoe Nt Deficit
19. Investments in stocks, bonds, *et. other then those V . k h i I .





of Audited accounts and wagnies p(Total, Account 707)--ble.. ... 1 9 7.3"9 6,- 2 n 1 6 2 3





Miscellaneous accounts payable............................2 2 ,
20. Other unadjusted debits,....--....- ........ 10, 7 2 1- -- -- -- M 936, 1
21. Cas.h----_--- .un-- a........... .-..........-.......................1..0. i.15 5251
22. TUnmatured dividends declared 17 --s----------- ----- '




S Unatured rents acrued .................-....-..---..--... 27 1


o Total current liabilities (items 1&. to .1) ,81...17..56 aja2op,3 a30o,930 ,,366,0.i,69i 0
. nTraffic ad car-ervie balanes-Dr.-- MAMJJASONDJPMAMJA---O---MAMJJAO
St balance e receivable fro agents and conductors .....
e Other rent assets. ex.,77,78 a 58,e1,
54. OtheF unadjusted credin within 6 onths /-..-. ,2 39 94032 554 5.3 00
S Audited accounts and wages payable -e------- u O- 3



64.Othr u adstd credit& __.- ..... ._...... 7W5.69 .213 '80,99,26 6I,9s 313,45,2


1/Represents accruals, including the amount in default.
For all Class I Steam Railways the net income was as follows:
Period g 194 1944u Inre.e
3 months ended AiM ....... *187,414,30 t72, 114,l6
6 months ended Jmw ....... 01, ,34
12 months ended Jue ....... 7791.u5 o.9 .955
SDeOrease
- met aacme shoIu after ddeetlema of the following amounts taken out of aU
="::Ih sto --to rem;rvee for INA S oland &natetatl ai.naf:I < 1945..$ ? 5
**944 W46272 I d WK !,t. of SM.^20621,226; 6otso 94 2.8,e.^


-.aitf s. o, .s ox1 S^ o, i,
"ose pt n ogeMdebt In
ault abteh w become due within sin months after lose of month of rpot.
,/ nla igati.ons thlh mate not mo ethn" one yar after date orse.
J Bxelxldes reports of 4 roads f o toe 1945 month and period and reads for tih
month and period whose net income (or defit) was absorbed by e iontaglig
"iig. Include wetuall orf the following carriers *hii merged from weceiviw-
S trusteee *p on the dates shon, ta tte. -
Stber 1, M.OVeNte PaefOM, Do@ember 29, 15.


Subject to umied


dA


INTERSTATE COMMERCE COMMISSION'
BUREAU op TRANSPORT OMIC o AND, SrATIrTICS






INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS

rOR TH& SIX. MONTHS ENDED W Uiff "NE 1945 AND 1944


Page 2


IN BAILWAT OPZ rG E INCCaM DRLL INCOME DITIIE D NI AILWA OPERATING NT INCOM 0B IERAL INCOME DIVIDED
INC TAJXS APPROPRIATION INCOM E TAXES APPROPRIATIOS
Region and railway Region and railway
1945 1944 1945 194# 1945 19444 1945 1944 1945 1944 1945 1944 1945 194 1945 1944

0.tg s -Total ................... 535.786.109 552.425.261 $326,801,745 $323,623.324 *602,487,22 $643,896,749 10io1.133,497 86,498.ioo southrs egion Continued
ltern Districi ot ................ 187.300,721 202.542, 42 99.304.28. 106.91.992 104.931.365 157.856.979 26.559.796 27.239,o5M 0olibs sad Greenville .................. $52.734 *52.881 8'.I 863.712 $39.443 $35,700 $19.700
n -.- norltdalst Oonast*" ..................... 3.075.571 3.841.266 1.021.136 1.529.178 2,72,492 3,538,885 -
Nw Egland Begion Total .............. 15.787.290 20.U3.842 7.568,001 11.287.994 9.115.8 8 9.566.415 222.408 247.C49 oorgia .a.t Loesse Organisation ....... 1.037,631 1.587.488 1.292.626 -
-orgi florid* ....................... 43.315 77.878 1. 18 6 -
Bangor and Aroostook ................... 690.552 833.502 434,125 561.370 1.252.795 912.609 191.400 191.400 ,ergik Sothern and orid ............. 413.387 334.772 23.63 .681 567.000 579.000
Boston adMate ..................... ....... 3.838.301 ,.793.947 1.728.403 2.533.670 1.135.746 2.039.595 Gulf ad Ship Island .................... 251,168 181.534 2b6., 174.934 40,560 -
COnadian atlonal Liuns in Iw gland .. d 4.10 4 535.919 507.50 6 h34228 Gulf. Mobile sad Ohio .................... 2.250,063 2.36?. 1.587.733 1,674,813 2.959.000 1.,79.64 708,852 708.80
Canadian Pacific Lin -In 1ine ....... 826314 T1. 32 --I Illsinos Central ........................ 13.383.639 1.4,05795 9.230.,18 9,4.137 16.871.000 17.059.000 -
Canadian Pacific Line. in- month ........ 6 d1 4 7.097 Lou letlle aAd ashville ................. 12.698,367 12,41.7,950 10,681,07 8, 65.11 22,924,220 24.557.720 4.106,700 2,340,000
Central Vermont ............. .......... 373 d 849s a 405.808d 26.59 73.500 Mi ippi Central ......................... 148,05 200.516 101.075 13.817 65.k76 96,818
Main. Central ........................... 956,298 961.736 366673 3.911 530.30 790.182 3100 55649 Nahville. Chattanooga & St. Louis ....... 2,43.076 2.306.597 1.761.645 1.624020 2.413.844 2.279.511 255.982 255.982
Ne York Connecting ....................... 932,62 891.852 491,557 393011 173.514 90,000 w Orleans nd Northeastern ............. 9.953 548.06 52537 423.75 1449,00 1294,000 -
sw Tork, w aen end Sartford ..... 9.763.713 12,631,84 6.200.542 8.64,olo 5.750.000 5.660.529 lorfol Southern ....................... -33 305,450 107.530 90-.84 77.69 65.805
tlaeu d* .... .. 101.551 d 3.918 d 296212 1 7.9I,2 oeaboard Air L u* ....................... 971.346 1162109 118902 5103703 7,900.000 10,1800.000 .-
outhern................................ 2.480 16565960 11275.46 1.643,56628.677.000 26714,000 2596.400
reat Lakes Region Total .............. 70.462.310 81.338.868 35.097.100 4o.o6748 32.691.953 71.811.49 8.761.175 9,525.933 enesse Central ........................ 150,445 286,763 37.522 173.297 40.718 168.214 35.000 70000
S_ __estern ailvay of Alabama ............... 27,973 282,883 209,44 261,183 420.397 580,294 .
-ma Arbor ............................... 385.172 327.998 265,619 205,266 175.053 136.7s0 a ms ad Mississippi Valley ............. 2.080,179 2.08,418 749.901 705.256 2494,000 1.77.250 -
Cambria end Indi- ....................... 296700 322.580 285.931 307,357 .463.706 510.065 120.000 120.000
Delaweand Bdson................. ... 2,607.345 4,3.542 1.,248.127 2.791,.03 721,000 1.037,000 Western District Total ................. 233.528.837 226.423,144 147.740,076 127.300,940 343,602,092 314.157370 41.065,738 28.378.814
Diaware. earawanna and Wstern .0....... 2006.763 4.435.753 1 .023.65 1,219.743 1,583.000 -----
Detroit and Mackin ......................... 1310 18,102 d 282 o 4 40 Northwestern Region Total .............. 59.107.705 4.895.710 33.889.110 29.499.163 40.546.201 43,863,207 8.300.069 3.666.899
Detrot and Toledo Shor Line............... 347.470 362,832 289.W42 230589411 350,087 120,000 o180.000 ,ooo
Brie .................................... 8,616.139 1086,6 4.24.9.077 3.358.961 563.553 6.551432 3.44.922 3.24.925 Chico ad north Western ................ 11,15,437 11.850.393 8,.99.554 7.962,650 6.740,000 7.045.000 2,286.18
orand Trunk Westen ..................... 2,465,733 2,651.217 330.05 549.32 167810 368.667 -a Chic ret Western ................... 1,57,198 1.661,51 531.796 720.454 1229.900 1.373.700 686.455 457.640
Lehigh and HRuson iver ................. 150.285. 152,508 162.688 166.869 213.651 305,790 47.070 Chicaeo.NMwan at.Panl and Pacif* .. 14.62,924 15 245.298 4.558.657 4.961,809 9.091.000 8701.000
Lehigh and No laCland ................... 414,820 652.182 286.667 517,865 1 42,280 338.741 Chicago. Saint Paul, Minneapolis at eha 1,693.343 1.52.6 55259 329.687 333.000 204,0ooo00
high Valley........................... 1.924.112 5.153.309 1.o. 1.755,07 3.296,000 lnluth, Misabe sad Iron lnsa ........... 3.309,177 3.194,482 2.888.482 2.757169 1,978.786 1,878.554
Nznoaholas ............................. 351.295 747,426 108, 500.08 360.52 361.312 -. luth. south Shore and Atlantic* ....... 30.272 366.230 d 1.0 114.274- -
MNotour ................................ 340.666 380.185 33792 370230 24.391 263.783 Duluth, inni and Pacific ............. 29.851 285,2s99 70138 -
New York Central / ........... ..... 28.771.383 34.200.396 15.87,437 18.619.372 14.423.334 31.183.105 3.223,697 3.223,697 resat northern ...........................11,175.166 12.005501 57 5 6.201934 12825,000 13.415,000 4.616.936 2498899
New York. Chicago and St. Lo ......... 9.8.173 5.638,079 6.550.097 3.554.06 2,991.000 9.983.500 Green Bay nd Western.................... 52.463 112,866 1 69.070 117.705 129,000 125000 125.000
Now York. Ontario and western ** ........ A .6 2 68 1 1 .652 Lke k superior A Ishpemit ................ 211.461 196,795 216.730 201.987 14,488 137.363 214.200 214.200
w Tork. uquh tern ** .. 471,706 5.9 187.353 68,777 ,9 .- Minapoli& t. Louis .................. 844,467 945116 851,016 854.313 614,000 545.000 300,000 300.000
Pore Marquette........................... 3.969629 2.292.471 3.075.690 1.233.212 2064,209 280.000 Minneapol t. Panl alt Ste. arie 951.414 3.491.50 828,01k4 248.7 312,000 -
Pittsburgch antA.Ue rie ................ 2..... 488747 2.880,668 1.928,254 2.191,40 1.886087 3,042.12) 1.127.300 2,159,125 Nrth P fic......................... 9.852.152 10.657.299 5.979.73 4.199.109 5.385.200 9.788,700
Pittaburs end Sh:nmu ................... 142.948 129. 133 .- 10.906 10.896 Spokae atsational.................... 141.662 118.215 84,9 61.431 208.218 61.975 71.160 71.160
Pittsburgh A West Virginia ............ 1.202827 832.389 863.688 532.966 170.201 7. a4e S ne. fprtland aSeattle ............ 1,707.836 1.431.251 2d 4g 266.402 1,016.904 244,795
Pittsburg. Shamt and Northern. ........ .670 117. n tr ................. 142882. 1.804.788 61 708.540 520,000 339,120 -
Wabash .................................. .4,955.754 .571.404 3.29.893 3,070. 9.800.341 10.013.050 598.186 598.186
Central Western Aemion total............ nI'029.241 105.943.217 81.821.292 68,386,822 21,980.4171 187.181,793 31.524.800 23.761,046
Central aetern egion Total .......... 101.051,121 100.759.712 56,639.183 55.559.509 63.123.564 76.478.915 17.576,213 17.1466023 on0 ..................................2.76.325 2.252.89,023 1.785.40 1354.9 638.800 1.55292 -
Akron. Canton-------gst----------- lto* .................................1.760.325 2.25,893 1.78.840 1.354981 1,638.600 1,552,8921
Aeron. Canton 3 Tmo5nstown .............. 347.517 406.566 261,223 253,519 225,565 188.73s 165.285 55.95 Atehio. n eopek sa an nta o* _/ ......... 30.471.732 24,793.122 26,817,456 20.787.63 70.086.000 62,579,170 10.385.500 10.385.500
Baltimoren and Ohio ...................... 22.95.343 22,909.775 11.715.758 12.050,717 16.567.207 14,487,955 Chicago, Burlington & iy ............. .3.451 12,669.368 13.231.51 8.966.050 30.625.800 24.916.753 4.270,968
Bessemr and Lake rti .................. 1.463.627 1.695.80 716.80c 962.209 561.904 585596 .- Chicago, ook Islend and Pacifte ....... 14,013.433 14.393.914 7.185,948 8.20.716 16,800.000 13,250.000 -
Central 1. R. of Nw ;rosery ............ 3,121,055 2.270,476 1,279.10b 81,067 892.000 260.000 Colordo and Southern..................... 1,251,88 1.560.472 1,049365 1.24.248 54.619 694,186
Chicago astern Illinois .............. 1,513,680 1.966,097 686,949 1.119.197 1,165.900 913,000 383.863 383,863 Colorado & Wyoming ....................... 15,999 203,522 78.547 163,402 2,400oo- -
Ocao*o Illinois Midland .............. 487,156 495.073 327.990 328.566 539.000 697400oo Denver & io ran Weatero ............. 7.116.615 7063.907 4.130.912 2.250. 47 5,607.100 1,347,100
Chicago, Indlanspblis and Louiille* .. 1.150,280 1,482,478 o,99 806,210 258,369 400.000 D. nve and Salt Lake ..................... 420839 393.947 150,450 119.480 .
Detroit, Toledo andI troton............. 1114,145 1.123.439 863,s835 869.167 574.129 52.537 490.664 490.664 ort Worth sad Denvr City ............... 729,267 1,374743 88.855 1,026.562 1,071.434 851.555
lginm. Jolit and eastern ............... 2,248.001 1.524.683 1919.851 1.166,552 1.418.281 1, .376 ortwestern Pacifico ..................... 328,122 148.952 332 d 5.0 -
IllinoioTe frminal ....................... 724.776 667.932 455.654 402,926 1,296.700 1, .000 o250,oo000 250.000 southern Pacific ......................... 19.003,866 19.550,357 2234 366 ,11. 33.601.318 34.933.137 5.659,14 4.715.954
Lon Island ............................. 1,062,799 390.094 106.799 d .1 218.553 222,560 Su Pacto Tranportation tret / 26142252 28.253.469 17.424.522 0.70.T 346.556.894 50.707,939 5.659.145 4,75.954
Missourt-Illnois....................... 221.744 183.709 219.139 167 450,000 244,000 Toledo, Peoria & Western /.............. 1,063.376 1.258,276 1.061.075 1,233.186 -
Pennsylvania ........................... 52,061.708 52.672.14 30.359.008 30,546,367 26.210.101 42.827.272 13.1675.75 13.167.7514 aton P e ............................ 19,970,799 16,984,3 21,508.968 17.454.476 53.100,000 42.500.000 8,659.592 8,659,592
Pranylvaniat-easing seashore ........... .& 461.231 a2 8 073.1 3.59 160,261 128.101 tah ..................... ............ 77538 63726 35.777 21.907 23.500 10000 -
Bean ................................. 7. o,569 7.61 ,01 .299 271 5,505.594 6.750.550 098993 2,098.993 We Pafic .......................... 3.354,999 3.231915 2,798474 1,542,202 869500 4,547000 2.59.595-
States Island lapid tralt ............. 553901 47.072 283,14 190,000 235.030 -
Western Maryland ........................ 3.271.484 3,624.044 1,834327 2.164.425 2.685.000 2,751.000 SoutlreterAn lion Total .............. 51.391,891 55.584.217 32.029,674 29.414.955 M ,075,420 83.112.370 1.240,869 950,869
Wheelinga nd Lk* trio .................. 1.831,567 1 6114,503 1.720,944 1.450.958 4.205,000 3.019.000 1.019,654 1.019.6524 -
1---- B L* 6 Wet ** ......... .39 94. 603730 904.034 1,576.000 2,364,861-
Southern District Total ............... 114,957.251 123.459.695 79.757.385 89.407,392 153.953.755 171882.400 33.507.963 30,880.381 Srlitio- k Islant .................. 365.741 245 66.902 3 -
-aterastional-erat orthrn** ...........1,836,748 1.736.306 616.256 ,1 969.000 1.344.542
Poohontas aion Total ............... 34.506.283 35.018427 30.926.985 33.403.518 43.011.387 50.445.438 23.999.547 20.732,869 anss Oty Southern ..................... 3,107,041 2836.191 2.152160 1.812.329 3.250.000 3,895.000 210.000C
I Kansas. Oklahoma ulf.................. 535.752 489.437 415.394 34.171 398.633 370.596 20.294 208.o294
OChapekenad Ohio..................... 16,024.386 16,675.634 13.068.151 13.819.781 15,006,48 21.118.335 14.753.89 11,486,031 L diia atarnsas ..................... 1.370,002 1. .728 916.589 580.898 2.585.600 2.049.400 150.000 150.000
orfolk and Western ..................... 12.778.659 12.958.500 13,12,862 15.283,505 20,975.000 19.925.000 7.252.101 7,253231 eittland. Vall ........................... 133.165 11.986 33861 15,037 27.758 15.037 -
lIchmond, Tredericksburg and Potomac .... 1,182,906 1.723.309 1,204.169 1.725.456 5,706,596 6.936,112 430,032 430.032 iesOt and Aaa Ines................. 19. 67100,280 4a 653 98.037 88.852 -
Virgiian............................... 4,520.332 3.662.954 3.525.503 2.574.776 1.323.143 2,65.991 1.563.575 1.563.575 usouri-aasTas. ................... 3,673,80 269.3 1,9499 2 43, -
"ssui hPn ...................... 399,207 T15.982,550 S091, 7.55.166 2 ,1.000 21,760,00ooo0 -
Sothern a legion Total.................. 80o450.968 s,4.1.26s 48.830,100 56,003.874 110,942.368 121.436.962 9.50.416 10.147.512 s foOres. Tes Ne ia oo ............ 1.651.275 1,850,782 315.400 533.792 1.023.000 1oo 44,635 -
b raSuen .. .. .. .. 7.3 1- -----,3---2-23 ola-homa--CityCAdAtok .................. 98.086 186,558 76,115 153.14 76,836 150,305 80,000
Alabam reat Southern .................. 877.013 1.012.,37 1.296,071 1,431,310 2.281.000 2.767000 1.008.932 1.00,93 rown ....sville and e o1.40,129 1.431,931 1.122,359 1,066,810 2,930,000 260.603 -
Atlanta and West Point.................. 18587 194,386 200.894 206,681 42,316 596.379 St. LomI -asn Franelao** ................ 8,851.197 7.760,019 3.26610 1,40.775 7203.680 5.685,000 -
Atlanta, Bringha and Coas........... 268,234 205.638 287.7 222.596 48.o009 160,000 St. INts. eanFrancisco d Texas ....... 05,257 243.84 149.?4 187.57 327, o6 507,000
Atsatic oast in ..................... 5.12.681 8,63238 6.10156 7294,5 13.600,000 20,500.000 1.45.915 1,40,059 s. Loui western" .............. 5.686,331 4,772,107 4,402,706 3.141.715 11.974,072 9.593.737 -
Central of Georgia" ..................... 3.074.985 3.051.059 764,776 860.504 563.604 930.411 isan tto, id ............. 8 2002 38.46 45.200 -
Charleston A Western Carolina ........... .. 245.s55 7 2 110.390 333,80 115,000 225,000 72.000 72,000 ae3 1ad W1Orle1 2................... .* 3.111 12,955.546 15.774,802 -
incinnati Now Orleans and Texas Pacific 2.289,205 2.518,243 1.399.596 1.659.617 3.457000 4.523000 1.855335 1.855335 e Pacific ..................................399 3.381.970 3109.497 12.338 10,437,074 10.765.000 592.575 592.575
Clinchfield ............................. 3.031.231 3,198.269 2,104.557 346.420 348,331 Texas *Mu sn ............................ 9.308 385,047 10,792 308.310 58.790 100,000 -


SBReport of receiver or receivers.
R** report of trustee or trustees.
d Deficit or other reverse item.
Includes Boston A Albany. loesor to I T York Central R. I.
Formerly included in report of Minneapolis, St. Paul & Sault 8te. Marie.


U. L~ GOVRNM-om PRINTNG OFFICE l:88-O6-0887


SI Includes Atchison, Topeks A Sant* io By.. Gulf, Colorado Unta eR By. and Panhandl Santa fe By.
*/ Data not included in tetal. Includes southern Pacific Company. Texas andt w Orleansa Co., and leased 11aes.
i Operated ty Federal Nager.





JJ~cS7-ei- 71+


UNIVERSITY OF FLORIDA

Subject, I 3I 11 11111, 11 P ?ll II11 1111 1
3 1262 08851 2123


INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


Statement No. M-125
JULY 1945


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES

Compiled from 132 reports (Form IBS) representing 136 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDEb))
Class I Railways Not in
All Class I Railways Receivership or Trusteeship#
Income Items For the month of July For the seven months of For the month of July For the seven months of
1945 1944 1945 1944 1945 1944 1945 1944
1. Net railway operating income. 97,126,391 99745,523 63,99,953 652,170,75 $80,194,301 $81,299,451 $512,6 5,380 $52 ,255
2. Other income 1596:906 1699569 2013,12 1 0565616 3.1 5 2978 92 11:2912
3. Total income 1, 97 11 092 7.,203,077 757.2701 93,339,598 973 69:90,91 69,6:2,173
4. Miscellaneous deductions from income 2,53 ,510 3,206,361 17,926,625 24,939,074 2,3214,125 2,417,312 16,770,659 20,687,606
5. Income available for fixed charges O19,:1;84,47 113,:458,731 726,276,452 732,88.,327 91,015,T73 94,365,737 593,137,637 598,933,567
6. Fixed charges: t8,219,760
6-01. Rent for leased roads and equipment 12,027,52 4 13,215,232 86,761463 588,128,269 11,167,075 12,287,555 50,155,595
6-02. Interest deductions!/ .31,235,6 35,535,6 226,1 69051 241,946,7114 21,238,696 29,1'5,360 156,698,596 174,65,071
6-03. Other deductions .. 1 769 20,3 770 903567 99. 41 661 2 714205 2 32
6-04. Total fixed charges 3,37 1,90O 2,177, 6 4 13,71 1 330,975 0 5 ,3697 3 ,2 305 ,o
7. Income after fixed charges (Item 5+6--04) 2.52 2.17 2.32 2.21 2.80 2.27 2051 2.32







All Class I Railways Re.eCvershiiorUTrus0eshp
9. Cntet care ,16,42 2,806,477 1919:079:511:527 2,05,101 2,030,016 2,9,i 11,3&,0
9. oNetincomen2/r .62,990,161 58,147.4,605 392, 957 32,097,930 Railways Reportin a Railways Reportin a326,0,2
17. Depreciation (Way and structures and Equipment) 27,861,60o 26,691,328 19, 16,13,203 23,41i,9a 22,51,092 163,141,433 157, 28,769
11. Amotad..on of efene poets .......... .......... 0,0,71 15,7,9 1,02,3 1079,611 17,0,29 1 1,17 119,63207 92,2of 90,612
12. Federal income taxes .......-..................7,7,76 122,206,025 65,759,21 766,102,77 73,910514 10,746, 43 573,034,215 657,605,20

13- l. On common stock (oa,73,o4027 7696, 2 '15 4',622 75,206,87 3,2o,217 3,6 '96,0 $ 2,584,65 7 26
-02.. Other unadjustpreferred stobk ..... .. 83 796, 22,536, 15,7 e 783, 4 112 40081 22,536,4 15,78,39
Ratio of income to fixed charges8, (Item 56-04) 2.52 2.17 2.32 2.21 2.80 2.27 2.50 2.32

All Class I Railways Class I Railways Not in




21 Loans and bills receivable 29 Trusteeship#
t vans icpe b ants and conductors 72 A OF NET INCOME ALL CLASS I RAILWAYS/
Selected Asset and Liability Items Balan ce t end of July Balance at nd of July
Railways Reporting a Railways Reporting a

Road d _. ..................... ----.------ ---. --- l -'--- -121,335,9550 93,11% 489 N uer io AmNnumber of Number of e-Amount
18. Expenditures (gross) for additions and betterments- _o reports Amount reports
Equip s aent ........counts payable .72.1- ; 26 40;- -0 -._ .... ....-. 163,772,3,41-. 126,- -56,2-
19. Investments in stocks, bonds, etc., other than those
of affiliated companies (Total, Account 707). ........ 5O,921,842 51 2 4 40 526,5,239766July19419319-----1919319
20. Other unadjusted debits declared ,684,41 33,36,259 314 6 July. 191 141 1 3 256







Unmatured rents accrued 1 7 7, 1.8 11 1660521
21. Cash .ur...entlib ies -1,122,104,87 1,028,93,878 7;,214,716 28749 7 months .. 19 115 3%,182,227 114 ,320,297
22. Temporary cash investments liabilities (items 41 to 027 1. 2905776349 .38915 38,534.877 2450924,565








2. Loans and bills receivable .... ....-.....- .. 3 19 1944 1'45
5. Traffic and car-service balances--Dr. A1o4 :.99 2 3,914,6 2,.5,.o








24. Oans andbadjustrecevbedit4919.. ,
Net balance receivable from agents and conductors .1.6,55,72 55,292,141,4 9,319,7: 129,195,951 NET INCOME ALL CLASS I RAILWAYS
27. Miscellaneous accounts receivableuding the amount in default.
2 /o. Materials and supplies 610 Stea Railwa 59 OF LLAys the net income was as follows:
29. Interest and dividends receivable 32:792,2 :4 214,87 517,75102M;
31. Other current assets 52o69.,096 64:08,1 4 19,:99,436 60, 146,192



41. Loans and bills payable an/e.1,500,0--.3o500.12,838,366 1500,00 0 9,000,000
42. Traffic and car-service balances-Cr 19,24,5 20, 3,:801 166,54 ,022 169,965,227 so
14 Audited accounts and wages payable 1454,813,308 1:g,;:92 36,297,16; 31,565,5.80
Miscellaneous accounts payable 211201,07296?, 20,75 1001194,147 &011
4 Interest matured unpaid 46.47 8,452 1 110,570 37,030,20 40,064,123
4. 764,117 7,07,111 7,1 ,100 6,797,09h
14'. Unmatured dividends declared 2,0, 10,5Od,51 2:211,:7 6 10,015,5141 40
t, lames7accrued...6,766111 1, ,1, 3 1, 0_ ,16,M5R I.0

53. Analysis of tames (ocrued:,,.9 1 0 ,137,454 1,174,216,715 1943 1944 1945
53-01. U. S. Government taxes.... .....-,50-42,6590 : 3'70,907 1 25,030,240
53-02. Other than U. S. Government taxes 169,065,69307030,240
54. Other unadjusted credits ....................................... 710,457,997 .10,606,985 5 593,913,720 340,555,017

i/Represents accruals, including the amount in default.
:2/For all Class I Steam Railways the net income was as follows:


Period 1945 1944 Increase


3 months ended July ........ 195,970,981 $182,145,108 813,25,
6 months ended July ....... 353.,75 .769 3314,17 3 9 ,227
12 months ended July ,4....... 4,5'41 70 ,60095 0


d Decrease
The not income shown l after deduction of the following amounts taken out of operation
revenues to create reserves for land grant deductions in dispute: July 19 5 $3728,976;i
July 1944, $3,841,383; 7 months of 195; $24,350,202; 7 months of 1944, 027,522,203.


3/ For railways in receivership and trusteeship the ratio was as follows:
July 1945 1.67; July 1944, 1.79; 7 months 1945, 1.75; 7 months 1944, 1.85.
/ Includes payments of principal of long-ter; debt (other than long-term debt in
default) which will become due within six months after close of month of report.
5/ Includes obligations which mature not more than one year after date of issue.
/ Excludes reports of 4 roads for the 1945 month and period and 3 roads for the
1941 month and period whose net income (or deficit) was absorbed by the controlling
company.
# FRgures include returns of the following carriers which emerged from receiver-
ship or trusteeship on the dates shown: Mlnneapoli. St. Paul & Sault Ste. Marie,
September 1, 1944; Western Pacific, December 29, 1944.









INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT EdNOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS

FOR THI SEVXN MONTHS ENDED WITH JULY 1945 AND 1944


xIn BJILVAT O sUnaT m wNCOa rfamsa. IxoNC DIVIIMMD I TAILVAIT ia Xu1m 9T INCosa au s INCON DIna
HOoS0 TAM APPIoA9UTIONS i0co0 Um TA AroPORIATIONS
Region and rallway egion and railway 1945 14 194 11T"I"9"
1945 194 1945 1944 1945 1944 1945 1944 1945 194 1945 1944 195 19)4i4 1945 1944


United States Tot .


"attern pltite- etal. ................


- la ngland iton'r -- Tot .............
Bangor and Aroostook .. .... .........
SBoton and Maine .......... ............
Canadian Natonal Lines in W s Igland,.
nadilan Pcifio Lines in Maine .........
Candsan Pacific Lines in Veraont .......
Central Vermont .........................
Maine Central ...........................
lew York Connecting ....................
ew York, I.o waven and Bartford* ......
utland** ..................................


Great Lakes legion Total ..............
Ann Arbor ..............................
Cambria and Indiana .....................
Delaware and Hldson ....................
Delaware, Lackawanna and eastern ........
Detroit and Mackinae ....................
Detroit and Toledo Shore Line ...........
Srie ....................................
Grand trunk Western .....................
Lahigh and hadson River .................
Lehigh and New Ingland ..................
Lehigh Talley ...........................
Monongahela .............................
Montour .................................
NoW York Central J/ .....................
Nw York, Chicago and St. Louis .........
low York, Ontario and Western ........
New York, Susquehanna & Western ......
Pere Maronuette ..........................
Pittsburgh and Lake rie ................
Pittsburg and Shawant ...................
Pittsebrgh a West Virginia ..............
Pittsbarg, Sham at and Northern* ........
Vabash ...;..............................


Central Eastirn Belion Total ..........
Akron. Canton a Youngstown ..............
Baltimore and Ohio .....................
*essener and Lake rie ..................
Central R. B. of eow Jersey" ..........
Chicago & Eastern Illinois ..............
Chicago Illinois Midland ..............
Chicago, Iadianapolis and Loulsville* ..
Detroit. Toledo and Ironton ............
1gln, Joliet and Nastern ..............
Illinois Terminal .......................
Long Island .............................
Missouri-Illinois ......................
Pennsylvania ............................
Pennsylvania-Reading Seashore............
Reading .................................
Statsn Island Rapid Transit .............
Western Maryland .......................
Wheeling and Lake Rrie ..................


[$635,9914.953 1 $052.170.7851$392.931.9571$382-097-930 685,759,2311*766,102,714


I- I* 4 4. .- -


241,01.,615 1 121.141%,3264 1125,252,2214 I111t,666,532 I166,376.711I


$105,121,121 $90,991,271


27.133.079


-6 4. 4 + I 4 1 T


9.130.3914


13.102.156


10,596,903


11,728,531


239.255


4. 4 I. 4 4 + +


438,251
2.278.979

M
d 919.3 8


602,398
7,218,660
d 2,32.35


42,366,766


578,960
3.172.166
! 7T9.81


L-6
5 360.86
416.787
1471.535
9.776.398
l 213.792


43,873;390


1.253.595
1,665,496

-
d 20. 09

173.514
6.750,000


37.493. 40


932.609
2,539.031


88.375
962,987
145.000
7.060,529


83,086.2091


191.400




47,855


I I


8,781,.175


.4. 4 .4- 4 4 .4-


305.291
336.322
d 645.64
d o,14 o
325,,W3
4.965,175
363.561
186.180


405.304
18.322.295
8,184,71

3.498,8'41
2.278,880

565.431
d-
37F- .


256.049
13.630.971
1.199.734
1.365.629
772.303
7 U335
49 .630
898.119
1.9S4.gS9
517.742
815.870
256.713
3g8.40:.38
d 9,
294.7
2.170,373
1.977.690


257.49
354.3
3.157,446


4,024,806
552,1140
186.582
615.99,
1,840,615
535.989
435.789
21.900.506
4.159.373
d 1.M9.313
199,032
1.459,702
2,558,133

d 7 1
30,0


68,276,678
311.669
14,307,992
1.:68.789
4,55129
1,176,267
381.179
871,626
950.,774
1,412.876
1485.502
319,041
193.729
36.797.44,1
5.317.i25
2,414.7174
1.715.246


201.500
554.394
972.000

288.321
1,052,040
175.265
238.539
16 .154

302.377
293.113
16.,59,702
2.991.000
78,284
2.128.808
10,906
41b8,122
10.731.015


66,776.o09
225.565
18.612,680
814.757
868.511
1,343.400
579.700
258.369
590.818
1,.72.668
1,410,200
310.018
518.000
25.257.976
215,710
6.537.264
169.453
2.878.000
4.643.000


177.970
570.614
1,302,000
34.294
347,415
7,947.505
353.667
21.Is7
04.,162
3.164.000
421,531
310,978
37.878.291
11.761,500
172,355
2.536.568
3.583.052
10.896
285,079
11,502.844


93.563.972
227,192
18,387,955
997.583
480,000
1.273.890
818,700
1450,00
583,0004
1.335.263
1,343.100
315.703
328,000
51.855.129
172.423
8.009.200
274,830
3,191,000
3,521,000


120,000


140.000

47.070



3.223.697


280,000
1.127.300


598,1;6


18,112,649
165,285


383,863

490.664
250,000

13.167.754
2.378.894

1,276,189


27.8ak.70s


276.316


191,h00




84.916


9, 45.9 33


120,000
!, ~


200.000
3.,24.925





3.223.697



2,159,125


59,18.1;


18,002.459

55.095


383.863

490.664
250,000

13.167.754
12.378.894

1,276.189


Southern Distreict Total ............... 111,589.112 142.28.Sh42 91,087,043 104,349,642 170.651,172 199.823.190 36.772.30k 34.787.749
Focahontas Reion total ............... 40,134,52 4o,.80o,88 36.115.996 39.023.537 47.,84,604 59,431,478 24.219.4491 20.953.425
Chesapeake and Ohio ....................... 18.589,519 19.446.627 15,221.571 16,174,501 17,592,865 24.786.612 14.753.839 11.486,031
Norfolk and Western ..................... 4,4r56,1429 15.117,198 14,991,486 17,856,858 23.075,000 23.825.000 7,472,003 7.473.787
Richaond. rederikesbug and Potomae .... 1.899.461 2,000.482 1.942,45 2,013,457 5.793.596 8,076.112 4o,0o32 143.032
Virginian ............................... 5.089.143 4.2 45.58 3.960.494 2.978.721 1.423.143 2,743.754 1.563.575 1.56.575


Southern Region Total .................
Alabama Great Southern ..................
Atlanta and West Point ..................
Atlanta. Birmnngham and Coast ...........
Atlantic Coast Line .....................
Central of Georgia"* ....................
Charleston a Western Carolina ............
Cincinnati, New Orleans and Texas Pacific
Clinchfield .............................


54.,971,047
1,416.225
235.384
315: 15
6.890,273
549,690
130,016
1.703,560


65.326,105
1, 568s,.415
24b.433
267.872
9.458.149
1.179.299
386,137
1.972.573
2,389.210


* Report of receiver or receivers.
** Report of trustee or trustees.
d Deficit or other reverse item.
Includes Boston & Albany, lessor to New York Central R. R.
Formerly included in report of Minneapolis, St. Paul & Sault Ste. Marie.


122,766.568
2.554.000
511,064
536,009
13.750,000
578,371
130,000
4.031.000
14&,157


140.391.712
3.128.000
687.550
280,000
23.000,000
1,010,433
280,000
5.230,.000
406.386


12.552.8 55
1.008.932
61,590
2,269.342
72.000
1.865,557


U.S. GOVERNMENT PRINTING OFFICE: 1945-0-657218


13.93h.324
1.0086932
61.590
1.240,059
72.000
1,65,557


Southern legion Continued
Coluabu and Greenville ..................
Florida last Coast" ....................
Georgia R.R. Lessee Organisation .....
Georgia Florida* .......................
Georgia Southern and florida .............
Gulf and Ship Island .....................
Gulf. Mobile and Ohio .................
Illnois Central .........................
Louisville and Nashvillel .................
Mississippi Central ......................
Nashville, Chattanooga& St. Louis .......
Neo Orleans and Northeastern .............
Norfolk Southern .........................
Seaboard Air Lin.* .......................
Southern .................................
Tennessee Central .......................
Western Railwva of Alabama ...............
Tasoo and Mississippi valley ............


$53.927
3.331.535
1,2 ?7,795
46.541
I83,033
272.356
2.532,911
15,033.503
15.050.303
167,1905
2.602.293
756,396
372.901
11.335.s29
18.639.583
176.592
270,094
2.655.579


$61.391
4.206.673
1.88,580
84,377
253,519
2,760,637
15.783.038
14.454.905
227.242
2.476.521
653.103
4o9.119
13.396.3:
19.154.700
325,594
331,297
2.691,772


*66,.81
937.165
d 427.484

266,959
1.771.363
10.202.595
12.693.396
110,992
1.812.097
610.536
119.54
1.309.4
12,:65,o14
249,902
1,105.107


874,459
1.566.599
1,540,12
1206o.964
245.257
1.940.904
10.483.739
10.P96.453
161.186
1.682.485
507.971
15.8,285
5.765.317
12,216.969
192,894
306..792
1.094.654


*39.443
2,723.492

646.000
91,000
3.347.000
20.269.000
25.543,540
72,086
2,751.262


31.434,0000
51,806
537.796
2, 0,000


$142,700
3,606,885

639.000
13.000
2.os07,6644
20,433.000
28.,734.640
108.958
2,728,245
1,522,000
114,612
12,100,000
31.111,000
187,848
688,061
2.049.750


$19,700




708.52
6.165.900

255,982



35.000
90.000


$708,804
5,850,000
255,962


2.596,400
70.000
105.000


Western District Total ................. 280.758,763 268,210.325 180.253.590 152.496.,0 4400.241.577 377.900,873 41.215.738 28.378.814
Northwestern agion Total .............. 75.1415,896 79,117,002 45.4123.819 37.581.326 45.302,482 51,307.796 8.450,069 3.666.899
Chicago and North Western ................ 13.148,200 13.718,614 10.119.398 9,256.580 8060,.000 8~5,000 2,286,318 -
Chicago Great Weotern .................... 1.671.023 1.895.969 598.279 04,769 1.339.900 1,0,300 686.455 457.640
Chicago.iNllvake.St.Paul and Pacific'* .. 17.068,419 17.790,066 5.341.717 5.36,6.48 9.521.000 9,.17.000 -
Chicago. Saint Paul, Minneapolis and Oahs 2,089,280 1,747.210 759.939 349.307 401,000 200.000 -
Duluth., issabe and Iron Bange ............ 5,408,322 5,h62,515 4.920.137 4.952,.47 3.338.389 3.339.972 -
Duluth, South Shore and Atlantic". ....... 345,291 389,747 d 191.209 d 8.2 -
Duluth. Wianipeg and Pacifte ............. 52.275 262.557 9 -
reat sNorthern ........................... 16.934,537 15,567.067 13,560.719 8.790.821 114,055.,000 114.965.000 4.616,936 2.498.899
Gron Bay sd Western .................... 52,485 118.715 1.995 64.202 140,215 151.959 125.000 125,000
Lake S prior & Ishpdaing ............ 46.329 380,214 352.290 36562 234,859 262.545 214.20 2114.200
Minneapolis & St. Louis ................. 888,979 1,033,574 890,540 940,088 639.000 68,000 450.000 300.000
Minaneapolis. S. Paul Smit Ste. Marie 1,388,796 14,072.821 1.247,14 286.049 547.000 -
Northern Pacific ......................... 11.,811.926 12,633,916 6,938811 5.112,810 5.037,892 11,920,600 -
Spokane International .................... 166.424 138.44 100,302 71,997 226,799 78,586 71.160 71,160
Spokane, Portland and Seattle ............ 2.277,830 1,8 3,226 267.144 516.399 1,01,428 413.562 -
Wisconsin Central- / .......................... 1.765780 2.062,247 679.209 809.936 720,000 369.272


Central Westerna etlon Total ...........
Alton**..................................
Atchison. Topeka and Santas e a/ .........
Chicago. urllington a qinoy .............
Chicago, Rock Island and Pacific** .......
Colorado and Southern ....................
Colorado A Vyoming .......................
Denver a Rio Grande Westeran**...........
Denver and Salt Lake .....................
Fort Worth and Denver City ...............
Northwestern Pacifict .....................
Southern Pacifio .........................
Southern Pacific Transportation System o/
Toledo. Peoria esatern / ..............
Union Pacific ............................
Utah .....................................
Western Pacific ..........................
Southwestern Begon Total ..............
Seeauont, Sour Lake a Western" ..........
Burlngton-dock Island ...................
International-oGrat orthorn* ...........
Kansas City Southern .....................
Kansas, Oklahoa a G lf......%..........
Louisiana Arkansas .....................
Midland Valley ...........................
Missouri and Arkansas ....................
Missourl-Ksaas-Texas ....................
Missouri Pacific" .......................
New Orleans. Texas & exicoo* ...........
Oklahoma City-Ads-Atoka ..................
St. Louis. Browneville and Mexico* ......
St. Louise-San ranclesco* ...............
St. Louis. San Francisco and Texas .......
St. Louis Southwestern" .................
San Antonio, Uralda Gulf **.............
Texas and lew Orleans ....................
Texas and Pacific ........................
Texas Mexican ...........................


138.668.951 124,680,26 97.849.482 81.172,.169 s258.481.910 227.512.557 31.524.00o 23.761,046


3.136,825
35.934.877
18.898.865
1688ss,680
1,516,184
136,046
8.402,345
534.71
929,670
346,392
21.711.533
30,0"8.200
1,244.506
24,791.626
92,974
4,076,710


2.424.o107
29589.998
14.84367:
17, '.l40
1.695.797
239,030
7.941,950
437,159
1,842,935
177.937
23, 076.798
32,638,552
1,146.3?
19.998.,640
69.995
3.901.077


1.9931454
31.704,895
15.316,487
8,907.204
1,272,024
92.258
4.930,876
220.572
195,0716
2.624,531
20.154.901
1.238.504
26.27. 820
,4 310
3.434,178


1.358.157
24.972.635
10.141.372
9.951.362
1.352.396
192.339
2.551,490
117.796
1.402,586
a 609.79

23.903,471
1. 457. 341
20.806,215
21,177
1.916,09k


1.865.230
81.388.000
35.,05,600
19,550,000
648.,046
61,500
6.975.500
1.330.375
39.302.659
5.097.072
64.300.000
29.500
7.225,500


79.4,4,l44
28,031.753
16,000.000
783.446
1.589.300
1,425.892
41.305.902
59,694,851
52,100,000

44.55.8000


66.673.916 614.413.0 36.980,289 33.742.569 96.i57.15 99.0o0,520


683.861
391.347
2.085.752
3.561.731
638.985
1.659.649
174.628
d 2

19.057.467
1.821,752
109.98
1.587.c0sg
10.267,995
233.495
6.504,151
.85


.,31b,7bb
5.676,715
206.333


1.051,115
333.365
2.037.137
3,252.191
551,587
1,258 231
137.296
134.1426
4.096.960
18.936,559
2.063.727
207,895
1,620,251
9.328.346
273.693
5.606.773
I 384.59


9.51.751
3.912.605
433.733


641.685
42.573
665,955
2.470.235
506,791
1.128,514
53.944
d 2 9

9,252,.12
262.543
84.100
1.169.403
3.724.837
168.598
5.004.166
14411.261


5.520.5,f
4.,022.069
116,152


981,303

2.02,0186
428a,11
716.479

132.193
2,089.007
8.983.218
523,.15
169.739
1,197.358
2,5475.45
207,971
4,051,812
d 506.303


7,091.,757
2.189,336
342.396


1.674,000
1,150,000
3.550,000
489.730
2,986,600
41.739

25.450,000
1.06 .000
84.821
3.043.000
8.351.680
385.08o4
13,604,629
14,794,413
11.845,074
68.790


2.560,861

1,562.9142
14,495.,00
1409.073
2,420.4100
114.384
113.592
5.600,000
26.}60,000
1.4581,535
165.45o
3,211,603
7.455.000
574.000
11.364.131
18,388.949
12,784,000
120,000


10.385.500
4,270.968






5,659,145
5.659.145
8.659.592
2.549,595


1,24o0g69


210,000
20:.294
150,000




80,000





592.575


10.385.500






4.715,954
k4,715,954

8,659,592


208.29;
W .O

k59.000





59. 7


C/ Includes Atchison. Topeka & Santa Fe By., Gulf, Colorado & Santa Fr Ry.. and Panhandle a Santa Pe By.
s/ Data not included in totals. Includes Southern Pacific Company. Texas and Nov Orleane R. R. Co., and leased lines.
t Operated by Federal Manager.


950.869


223.647,o078


18.720,608


23.573.043


Page 2


897,673
5,809,h38
1,078 4

1,081,429
1.061.026
14.340.531
d 12.260


96.841,2667


400.029
371.877
5.186.906
7.301,643
17.262
412,441
12,255,373
3,021.365
170.062
771.500
6,371.419
824,176
447.321
40,047.831
6.596.811

532.360
2.694,688
3,3148,527
1141.32
959.384
S- t.5
5-.639.


738,584
4,715,823



1.083,502
1.119.385
11.380.364
a U46.853


83,098.14l


444,059
314.810
3.006.507
2.775.482
9,051
391.020
9,945,511
2.853.706
172.415
472.779
2,910,571
573.341
408.883
33.699.048
11.408.135

4.477.520
2,855,063
162,165
945.131
4 9 S


121.827.929
360.1498
26.801.907
2.075,233
3,8O,811
1.745,001
560,408
> 1,295.819
1.192,111
2.,36656
832,0:2
1.931.203
259.256
63.,09,305
8,578,199
610.555
3,857.001
2.097,.25


121.257.309
481,195
27,222,403
2.438,695
2.991.640
2,1854132
573.464
1.665.661
1,214.623
1,827.783
795,055
1.386,756
219.550
62.610.895
104,773
8,728,180
755.537
4.11s,394
1.903.265


91.454,560
1.015.840
217.500
293.567
5.19U,094
3.246,138
287,948
2.725,646
3,.445.466


101.478,954
1,170,437
227,983
247,268
9.322,540
3,781.151
545,538
2,961,686
3,665,862


.............. I .


I


1


M


e ,


---------- I ------------ I ----------


I I


,


I I


I


'iI


LL


-I-


LL-


-t-


-t-


-t


11 -a!rg [ ;O '4


111 i


1196


IE


.----,-- 0


x


-1


7


:j





UNIVERSITY OF FLORIDA

11111HiI Il1 1111 0881 I 21l lj1IIHl liI
3 1262 08851 2131


INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


Statement No. M-125
AUGUST 1945


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES

Compiled from 132 reports (Form IBS) representing 136 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)

Class I Railways Not in
All Class I Railways Receivership or Trusteeship#
Income Items For the month of August For the eight months of For the month of August For the eight months of
___________________________________ 1945 1944 1945 '1944 1945 1944 1945 1944
1. Net railway operating income.. $86,683,963 io10,48s.624 $72a,678,81 $*753,656,409 *72,87,879 1,46793 85,46,29 604,719,3
2. Other income 13,413,606 14,116,966 121,621,7 119,7195.81 12,1Z8,344 ,74,59 2 1 10 31:22
3. Total income 10009 69 115,602,590 8a03 00, o873 A,990 84,56,223 94, 5,?A 69Z 454,520 71,05,535?
4. Miscellaneous deductions from income .............. .... 2,387,473 2,633468 20,365,19 l7,572,544 2,254,259 2,299,80 19t 6,018 22,9:J,386
5. Income available for fixed charges .... .. 97,709,996 112,969,122 82 958578952.291,964 92,135,604 675378,502 6910 7
6. Fixed charges:1.,64,,O, ,5954 ,11
6-01. Rent for leased roads and equipment ... 12,164,456 15,619,356 98,91,92 103,747,623 11,322,293 12.147.341 91,480.889 95427,101
6-02. Interest deductions/ .31,484,760 34,010,424 257.653,81i 275,957,138 21,462,719 24,317,534 178,161.615 198,685,609
6-03. Other deductions .. ....... 113,177 15,1 893,08 1,09, 97,568 105,83 ,28 898,067
6-04. Total fixed charges..... 43,76 9 49,7 2 21 :7,7 O, t 32,882,80 36,570,70 270, ,7 9,077
.7. Income after fixed charges.... .... 53, 47603 6320 1 42 561 5 6501 4 :9, 384 55,56,4 4 9 ,715 39,058,
8. Contingent charges .. 29572 2802715 22523 2 61562 2,16,86 2,022,657 16,10,025 16 98
9.;. Net income/ .. ....... 51,151,731 60, O00,686 443,932,589 442,498g:15 47,392,798 53.542,237 38676,690 379,648,507
10. Depreciation (Way and structures and Equipment) .. 28,07,021 26,874,037 221,659,368 213,007,242 23,648,228 2.,747,605 186,6991660 180,076,375
11. Amortization of defense projects............ ------------------ 20065938 16,177,183 158 090240 120,96795 17.237923 14,154,688 136,8 ,130 1064,301
12. Federal income taxes......... .................. 60699,709 132,016,885 746;48989 898,119,658 48,505,624 113,720,851 621,59,838 771,32,058
13. Dividend appropriations:
13 -O1. Onacommon stock: .. 16224,94 15,281,758 98,809,603 90,.488,633 16,224,948 15,281,758 98,809,603 90,488,633
13-02. On preferred stock ....... .. .. 4145,91 178663,76 26,682,357 33,648,192 4145,891 17,863,796 26,682,357 33,648,192
Ratio of income to fixed charges/ (Item 5+6-04) .. 2.23 2.27 2.30 2.22 2.50 2.52 2.50 2.34

All Class I Railways Class I Rlilways Not in
All Class I Railways Receivership or Trusteeship #
Selected Asset and Liability Items lan at nd of August Balance at end of AugustCOME-ALL CLASS I RAILWAYS
_________________________________ 1945 1944 1945 1944
1Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
Road .. ................................................... ............ 42.573.507 1o09,254,629 -dNumber of Number of
18. Expenditures (gross) for additions and betterments- reports Amount report Amount e
Equipment ...................................................................... 3.......4- 183,413,221 143,213,17 -
19. Investments in stocks, bonds, etc., other than those #A,44st 91 13 101 2009,, 5 T 81,87,914
of affiliated companies (Total, Account 707)...--... 53,649,351 588,64,481 526,05 ,47 636 23 a
20. Other unadjusted debits -.................. ....... ...................--- -- 432.259.555 3805 61 3620,15,579 Aueust 19i 112 ;50:,9 1,2'
21. Cash.......... ............................... ... ................... 1,246,573,466 1,210,566,76 5,15 3 976,50957 8 months 19 4 ,712,69 15 621354
22. Temporary cash investments ...... .....-- ......... 1,915,92,488 1,868,120,161 1,469,238,1 1,441 ,910,
23. Special deposits....... --- --- --- -.... 173,1 1 154,071176 122,17
24. Loans and bills receivable ................... 419,27 4 329.431 N46,61 1
25. Traffic and car-service balances-Dr. 44,411,9 4,826,47 1,73,251 28,,
2R. Net balance receivable from agents and conductors 125,514,272 14 ,31.0 109I, 95 122,039, NET INCOME ALL CLASS I RAILWAYS
27. Miscellaneous accounts receivable 641,21,109 629,952,724 511,06,829 498,839,4
28. Materials and supplies 605,103,191 59, 86 503,20641 MILLIONS OF DOLLAR5
29. Interest and dividends receivable ..... .. 37,68 28,43,589 0, 2,3 21
30. Rents receivable 3 149 1,882,318 87 1,268
31. Other current assets ....... 5432668 65,777.495 5 1,52, 62,465,839

32. Total current assets (items 21 to 31) -- 4,848,159.280 4.751.268,533 3.834,215.130 3,775.176,24910
40. Funded debt maturing within 6 months4. 167.032.161 227,142,170 157.615.4 218,956,344 10O 0
H41. Loans and bills payable/ .. ..- 0 5,389,795 1,263,386 1,535,737 8,1425,000 a / I 'V f
42. Traffic and car-service balances-Cr... 200,385,117 204,142,00 173,195, 167,757,809
4. Audited accounts and wages payable 473. 1 475,886,61 398, 5 401,253,129
Miscellaneous accounts payable .... 202,738,241 138,007,85 17 192,581,013 ro0 0 1 I 1
45. Interest matured unpaid ...... .. 4,27686 9,780 7, 33,327,638
42. Dividends matured unpaid .... 7,617,166 20,936,15 ,3 20,6563
47. Unmatured interest accrued.- 6,44,151 69,885,8 6 ,820, 66,581,814 40 6:I N. -- ---
4g. Unmatured dividends declared .. ... 27,2 14664 21,200,397 27,27, 21,200397
49. Unmatured rents accrued ........... ............ 25,802,631 24 57 22881,4 21,346, 01
50 Taxe acorued .......... 1 ,73,,179 1,950,9, -6-1, 4 2,. 1 1,66.o-- ---063? 2.0 .........i
j. Other current liabilities .. -. 134.77 522 95,,3128 9 61?,317
52. Total current liabilities (items 41 to 51) 2.923,268.643 3.052,687.,49 2.450,948.0o3 2,569,867,233 0
SJFMAMJJASONDJFMAMJJA5ONDJFMAMJJA5OND
5. Analysis of taxes accrued: 1943 1944 1945
53-01. U. S. Government taxes-...- 1,556,969,625 1,777,722,233 1,315,523,727 1,5,30,68,4923
53-02. Other than U. S. Government taxes-.......- 177,913,554 172,97,263 1141,650,71 134,926,684
54. Other unadjusted credits..................................................... 720,407,39 477,996,69 605,287 9 375,581,280


I/Represents accruals, including the amount in default.
2/For all Class I Steam Railways the net income was as follows:
Period 1945 1944 Inorease
3 months ended August ...... $82,518.246 182,560,8
6 months ended August ...... 7,7,15 46,9,734
12 months ended August ...... 69 7,487 67772826 A 8.60,
d Decrease.
The net income shown is after deduction of the following amounts taken out of operating
revenues to create reserves for land grant deductions in dispute: Aug &t 1945, 7.351,470;
August 1944, 3,537,605; 8 months of 1945, #31,701,194; 8 months of 194,, $31,059,808.


A / For railways in receivership and trusteeship the ratio was as follows:
Augjst 1945, 1.42; August 1944, 1.58; 8 months 1945, 1.71; 8 months 1944, 1.81.
/ Includes payments of principal of long-term debt (other than long-term debt
in fault) which will become due within six months after close of month of report.
/ Includes obligations which mature not more than one year after date of issue.
/Z Oxludes reports of 4 roads for the 1945 month and period and 3 roads for the
19W month and period whose net income (or deficit) was absorbed by the controlling
ooaigures include returns of the following carriers which emerged from receiver-
ship or trusteeship on the dates shown: MKinneapoli, St. Paul & Sault Ste. Marits,
September 1, .1944; Western Pacific, December 29, 1944.


Subject to revision









INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BTY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS

FOR TS2 EIGHT MUTHTS IONDD WITR AUGUST 1945 AND 1944


region and rmll
. .


waited an
y
ha ..... .


Wi lAurLA? WNMTXN
13=0'


NN IN5o=0


ma. A noon
2AU m


APPBDPaltlOn


-~ 4 4 I --


Region ad allvr


s512Wo='tx
"Urn WI


In non


inN ISoOMs
tANSu


AImllBtMIN
APjr~aatnurs


4 4 4 1 1 4 1 6-.........--4 4-.---4 .4.-.----...~.I....-..-..--4 .-...l. I


1*72.671.117 I 7t6l10lb4.u.I541.4.14I*161.ts 2.1Q'I


521$ 491 960 $1244 5


RtoStrS Metriet- otal ................ 251.677.01s 278.314.5g3 135334.474 1146.039.188 120.130.1,495 220.75621 27.620.585 2.312.24
Nw helean aeOn total............... 21.075,.41 26.141.527 10.157.066 14.a1.633 11.737.060 13.92.525 287,105 324,166
aon r and Arootook .................... 7.244 926,376 444.438 568,26 1,244.067 1,107,479 239.250 239,250
Seon atd Maie ... ....................... 5.4.473 6.712,640 2.769.39 A 3.695.806 2,260,246 2.964.466 -
Cana*tea W sahU6 ne< o lasw la l .. d ?8 a 74 a 676.542 & g57.00 -
Candia Pacfilo le is to maine ......... 9.l -
adlia Pifto Lines in Teront ....... 67 0 -
central rmont ......................... --- 77 4 1 4.679 103.250
AineC.entralt .......................... 1,251.479 1.25?,601 I A 523. 1.128.799 47.855 84.916
.s TYorn OOiotiU ..................... 1.323.372 1.174,z00 730,583 37 173.514 200.000 -
New Tork. w Have anad eartfor* ...... 12.57.327 15.738.906 7.824.3 10.519.215 7.550.000 40.529- -
atliandm ...............................da 41,13 854 d 664 -


Orest Lakes egon Total ...........
Am Arbor ................................
Cambria ad Ilalea .....................
Delawre ud Easeon .....................
Delaware. lesd eaa a m se ........
Detroit an sMakek ....................
Detroit 4d Toledo bore Llne ...........
rl* ....................................
rad Trnk Western .....................
Lehtih an d ndwo iver .................
Lehigh and Nw Igl ...................
Lehigh Yalley ..........................
Monogahels ............................
Nontour ................................
ow Tork Catral s/ .....................
ew York, Choee anad St. Ioute .........
sw Toet, Ontarto au Weete*" .........
Nw Trk., tmAhamena VWesteree** .....
ere Marquett ...........................
Pittsburgh Lake Irt .................
Pittsburg ad 8shoet ...................
Pittsburgh A est Virginia ..............
Pitteburg., awuMt mad Northern ........
vabah ..................................


Central asters aletn total ..........
Akron, Canton Tongtown ..............
ittmnre and Ohio ......................
esemer aL tLake ir e .................
OGitral 3. R. of New Jeraye ...........
Oblee o & hater Illnois ..............
Chicago A Illinois Midlan .............
Ohi so., Iadisnapolis ml Lolsville** ..
Detrol, tolds l Iroaton .............
legn, Joliet an ater ...............
Illoits famins .......................
LO Islan ..............................
Nieeoari-11taols ........................
Pane alss .............................
Paeelvsiaa-Readig Sueshore ...........
eadi ..............................*.
StsteI talent Aepid transit .............
V*ester Narlar .......................
Wteela Ma" take lrle ..................


92.779.596


501.223
397.103
3.5321

431.823
11.038.718
3,204.030
192,21
"s8.Z6
3.206.462
644,032
474,812
37.933.M
12.325.374

4,743.112
3,251.038
111.315
1,033,627
& e


137,.22.761
:64.739
30,71,018
2,432,962
4.213.,571
1,963.477
629,397
1,457,853
2.26.131

2.638:,;
291.47
71.870,497
9.386.985
695.043
4.320.292
2.359.326


111.156.619


428,212
5,766.420
S.101262
19.952
465.964
13.714.065
3.439.U9
186.792
897,717
7.795,202
.255

46,A :z


46,596.377


343.396
302,781
1. 40.666


5. U9:33K
353,415
207,391
392.30


20:.632553
8.834.927
A ,V Ib


51.142,162


96.898.220


8,801,175


4 4 4 4 +


3,467,552

M O
4.709:494
602.935
20k.615
720,740
1.936.351
593,897
513006
25.450.136
j C~~ h


3.437,468 3,652.071 2,054.182
3,816,671 2,626,061 2,934.67
166,4 2 o.182 7a 92.
1,06.126 B
2.301 d 191.704 d .


*,937.325


141.076,437
549.370
31.182.711
P.992.21U
3.669,.5"
2.325.278
655.075
1,842.109
1.369,757
2,076,656
922. 25
2,208.796
322.,081
72.816,42a

9.723.35
4,60o,09
2.191.583


**L'TV.397


78.581,031
240,555
15. 79.010
1.435.271
1.392.779
416,705
535,282
911,777
1,632.622
575,061
1.363.697
289.472
42.877.964

333.715
2:393.:8r
2.219.742


0.,685.193
363.859
16.549.8n8
1.993.226
778.700
1.182.800
436,977
929, 41
1.019,160
1,604,687
567,992
988,550
292.651
43.315.337
156.101
5.825.263
2,695,263
1.975.076


226,904
621,8666
1,048,000

269,916
235.356
147.720
249.878
212.703

345.,574
340.687
15.528.,570
2.991.000
78.559
2.391,204
-1T.3
11.343.180


218,747
622.591
1,302,000
347.294
384,
9.313,116
353,667
73.991
2.40,0000
4U.749
366,894
46,196.277
13.490.000
200.610
2.606.323
4,11,9143
10.296

12.849,051


71.944,968 109.935.876


225,565
19:470-390
!o&6.409
874.11
1.437.400
597.10,oo
258.369
596.031
1 90.076
40.1487
57,oo000
265,7,a251
7.001.554
195.453
2.923.000
5.017.000


261.968
21,407.955
1,292,.4s
1.,9:669
956,100
511.001
620,886
1.598.500
37s,200
61, e59.14
219,633
9,267.850
293.830
4,050,000


120,000


160,000
3.244.922
47.070



3.223.697


280.000
1,127,300
-.


18.532.305
165,285


383,863

490,694
250,000

13.167.754
2,798.550

1,.276.189


120.000


220,000
3.244,915




3.223,697



2.159,125


598.186


18,422.U5
55.095


383.863

490,664
250,000

13,167,754
2.798.550

1,276.189


Inthsra Bistrit. total ............... 147.b00.o99 161.613.970 100.694.s50 117.45.791 181.459.513 230.206.071 48.500.s38 46.516,"24
Poahontas Mos total ............... 45.753.971 46.787.390 k41171,165 4.70.152 51.638.981 69,435.244 35.937.760 32.671.737
Oheeupq kt ad Ohio ..................... 21.307.829 22.322,400 17.460,769 18.557.189 19,077,42 2,22.477 20.1496.854 17,229.047
Norfolk sad Western ..................... 16.632.510 17.396.342 17,109.113 20. .357 24.775.000 28.25.000 10.98.211 10.989.995
rlehmn., Fre6erisEmr4 sa4 Potoune .... 2.196.713 2,227.132 2,251,5 2.1,652 6.288,596 9 .11? 430.032 40,032
Tietaftn ............................... 5.66.919 4,841,516 4.349.697 3.4M.954 1.498.143 3.161.655 4.022.663 4.=2.663"


boather. aion tota .................
AlMba Gret father .................
Atlats m e**t Point ..................
Atlanta, mlngham and coast ...........
Atlantle oest Line .....................
Cotral of 'eorla** ....................
Cherleston A Westen Carolsa ...........
Castei tt., New Orleana sa fexM Paclfie
011Onella ..............................


101,646.928


1.126,796
24 1130
315.615
5,369.719
3.683.352
289.o10
3.19,4026
3.793,6341


114,26,580


1.326,o70
266,4
271. 1
.9120.35
573.9918
572,074
.347.$53
M9,19.97


59,523,686


1.507.93
65.124
341.93c
6.947.12c
601.395
1o95o033


A.________ .. .. 1III L


* Bport of receiver or receivers.
Sport of trustee or trustees.
SDeficit or other reverse Item.
SIlueles Boston A Albay, lessor to Ne Tork eatral L.
/Poro rly included in report of NMisapolte. St. Paul Sealt Ste. PMare.


72.885,639


1.705.453

9,.64.80
1.467.929
369.793
2.226,381
2.741,617


129.820.532


2,714,000
586,934
538.009
13,900.000
593.139
130.000
14.71.000


160,770,T27


3.504.000
795.205
380.000
25.5.000
1.472.936
365.000
5.910.000
463.556


1,008.932
61.590
2,269.342
72.000
1.875.780


13.644.547


1,00o6932
61.590
1.240.059
72.000
1.875.780


oauther legion Continued
0oltmbuea OGrenill ...................
iLor lasst Cout .....................
Georgia R.B. Ise Oranisatlon .......
eorgia & Florids* ........................
Georgia southern and orlda .............
ealf am ship Ilaum .....................
ulft, Mobile u1a Ohio ....................
Illsls Cmtral ..........................
Loisllae a4 Nashrille .................
Mississippt Central ......................
ashrinll, Cobttasooga & St. Loui .......
Nw Orises *and Sortheastern .............
lorfolk Itbier .........................
Seasboerd Air Un* .......................
soatew .................................
1tnae6uee O trial ........................
Westeo lasiler of Alabos ..............
Tasone ea Mississippi TVally .............


f37.948
3,610,612
1,482,990
19.770
539,638
287.990
2.839,165
17.130,043
16.935.063
190,687
2.773.806
832,960
42:6.76
12.73.685
20.343.415
1S4.088
307,952
2.947.655


$70.739
4,547,011
2,.105,38
121,199
469,620
255.40
3.162,079
17,597.=40
16.638 .511
254,229
2.620,741
779,686
499.407
15.155.350
22,16,2t71
375.619
3.158.463


$53.133
867,687
A 520.779




123,360
1.869,291

1,314.737
13.141.829

1.176.133


*W6.025
1,570,342
1.706.741
d 406.184

2.237.48
11.12.098
178,379
1.712. 447
614.337
210,902
6.375.917
14,a219,26
200.795
350.981
1.336,650


$46.43
2.723:492

728.000
127.400
3.3147,000
21,671,000
27.170.160
81,565
3.167,083
1,802.000
100,140
9.075.000
33.668,000
54.784
613.750
2,183,000


3.8:8.885

707,000
13,000
2,270.&44
24,003.000
33,299,060
120,795
3,016.333
1.775,000
152.713
13.350.o00
36.257.000
210,52
211,489 8
2,419,000


$19,700




70s,652
6,165.900
255.962



35.000
90.000


5.850.000
255.982


2.596.400
70.000
105,000


westers mstriot otal ................. 323.600.100 313.667.,56 207.903.264 176.813.636 .444.66.91 7,15.966 49370.537 49.30s.32T
Northwestern HaIo" 21tal .............. 91,260,664 93.574.523 56.368.315 46.355.359 50.241, 11 61.923.942 6.450,069 17.364,804
Ohtoso sat orth Westn. ..............15.19.577 15,746.915 U.665.963 10,744.826 9.290.000 10.485,000 2,286.316 13.717.905
Chiogo bret Western ..................... 1,883.159 2,2,961 666,175 900,949 1456,900 1,55.000 686455 457640
Obheso.aMlwnmk. St.Pau and Pacifie** 19.25,92 20.796.307 6.053.933 6,647.855 10,437,000 11.328,000 -
obhcao. bat oald. lunepoll a O m0 a 2.493,055 2.1.182 975,670 52.933 531.000 292,000 -
lth.N.Miseh and Irn sae ........... 7.418,614 7.6214. 6.861,993 7.04 4.387.262 4.60o,706 -
alath. loath Shore San Atlutl e* ....... 401,112 44.008 4 20.3 176. -
trlath, Niasiop. ad Ps. ie ............... 30,907 265.300 -
est eru ........................... 1.424.451 18.917.360 15,310.000 17 453.538 4.616.936 2.496.699
Green Br sa Vatern .................... 63.89 126.286 48373 63.578 159330 174.919 125000 1 000
Lake sapoeror Ipleming ............... 466.942 534.818 473.613 542.147 316, 361.410 a4,2oo 2I 200
kamamnolls a st. .oae ................. 1031.797 1.179.675 1.029.903 1.083,40 689.238 872.202o 450o,00 300,000
NMimepoll., St. aul sit te.. MIarie 1.657.104 ,319.686 1.492.497 1 01 747,000 -
Northera Pcllc f ......................... .56.692 14.397.146 8916.330 .63 3 4.609.892 13.617.200
pokame Itersstlola ................... 12.977 160.442 106,867 82,590 238.381 96.999 71,160 71,160
pokiM, Portluand sa sttle ............ 2.935,562 2.5065,6 639,200 1,063.318 1,077.726 395.848 -
Wisonl -tsOetral* / ................... 1,69.134 2237,710 626,.97 620,295 990.974 581,120 -


estral Westera region Total ...........
Alton" ..................................
Athison, topeka m at e .........
Oheios,. farlmstoa A quinar .............
OhCe sc ok Iletl ad n Poafle* .......
Oolorads at south ...................
Colorado A poVmi ........................
Bnaver 6 Mo OnGre a seteae** ............
Dver sad Salt lake ......................
ont Vorth sad Dever City ..............
Noresters Psacifie .....................
oathern Poeific .........................
Smtber Pefltto e Treasport oa irte-n /
Toledo. Peoria A Wstem / ...............
tnion PLolfoe ............................
t h....................................
VoesteM Pafie .........................


loathestaem Rtons total ..............
amuoat,. Sor fake & Western ..........
Baurllato- sook Island ..................
inteationel-Orst N orther** ...........
ansas Oty other ......................
ases. Clabes halt ...................
Louislaa & Arkmame. ....................
MiN41ad Talle ........... ..............
Missouri at Arkansea ...................
MisNourl-eassM-Ttxas ....................
Missouri Paciefle .......................
ow Orleam. tmeas Mexioe** ............
Oklahos Clty-AdteAtok- ..................
St. Louis. Brownsville and exioo** ......
St. Louis-eSa reaenleo* ................
St. Louis Sam raaelo M Texas .......
St. Louis outhwestern** ................
Us Antonio. Uvalde & a f .............
Tese mud Nw Orlas ....................
Tease Mn Pslfe .........................
texas Naxieis ............................


157.260-3351i146. OM.9071i110.663-5.40i 93.5&.,2771286.755.29414270,.W4.669 139-679.57"


3.181.520
39.745.127
22.46.51
19.45.260
1,561,054
8.68,650
572,870
1.73.755
449.912
25.203.717
1.349.761
2,.277,174
107.995
4,.40.060


4 4 4 + 4 4


2,43.108
34.328.4814
18.146.518
20.905.694
1,.68.886
261.960
9,422:
2.119.69
302,843
25, 68.1
36,532,706
1.678.917
23.638.489
s0.171
4.415.016


1,871.674
34.875.325
18.431.151
10o3.3071
1.276,639
104.955
4,712,601
214,218
41,128

23- .0031
1.
13140:516
29,840,666
52.383
3.707.227


1,424.734
29.053.908
13.332.981
9,-616,333
1,477,?222
208.949
3.295.623
184.231
1.559.371

26, 2,727
1,46.521
24.378
2.156.511


2,037.498
88.724.000
40.078,200
21.550,000
617.583
70,000
8,482. 300
954.35
42.652.225
56,680,7814
73,400,000
14.500
8,184.153


2.768,562
94.652.144
31.010.753
19.000,000
960.726
2.010 300
1.656.409
49.496,773
70.770,396
64.000,000
5.089.000


10.385,500
4.270,968





8,486,717
8.488.717
13.984.619
2.549.595


75.0".,1011 1409.1461n4.67.4191 3,1.0I0,12,7 l1.AsI1"O.240.


755,390
396,825
2.319,333
4.59.615
1.8646.100
195429

21 ,426.796
2, ".265
121,171
1.548380
11,598,591
261,202
7.105.666
a 1.599
6.671,948
241.997


1,154.779
393054
2,317.89
3.759.570
630.515






10.:7.58
10,7146,766
315.518
6,17,62.14


509.559


708.203

2,832.199
571.062
1.239.092
. 268.7

263
91,
1,.063.333
4,108,578
187,209
5,.392.342

4.595.239
138.369


1076.499
-56:307
2.37,.020
490.528
841,061
9.679
136,145


198.1
1,268.606
3,009.008
242.120
4,939,721
S521.50
2.491,050
405,604


1,625,000
1.295.000
3.750.000
553.700
3.292.600
34%466

29,050.000
1,103,000

9.1261610
14,765:629


78,791


4,99.000
2,T06.f6l



2.772.400
9.679
109.025
6,.63.000
1.62s,335
3192726
3,4gt11603
8,760.000
657,000
13,766.316
a.271.623
1k.697,000
140.000


21.000
208,294
150,000




80,000




592.575


30.972,654


10,385.500







6.602.335
13.984.819


950.569

-


209.2j4
150.000









592.575


Include At tchiso. opeka bmtsnt fi s r.. Golf, Colordo A ata Fe Dr, and Peabaam e l SeaItse a .
Stas not Included la totals. Includes Sthern Pacific CoVpam, Tezas sad le Orleans 1. Co., a m leased llee.
Operated Perwal Manger.
U.S.GOVERNMENT PRINIG OFFICE : 1945- 57218


PFe 2


i i


-t


-t


-- -- --------- -- i -.-- -i -1- i -- i -- i 1


I I


I


-


1 1 .


.


i


--t--


.-r


I I


I I


I






/s


UNIVERSITY OF FLORIDA

3 1262 08851 2149IIIIll lllllll
3 1262 088512149


Statement No. M-125
SEPTEMBER 1945


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES

Compiled from 131 reports (Form IRS) representing 135 steam railways *
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


Income Items


UNIV. m FL 1-7.


DOC,-.-~--I


1. Net railway operating income.
2. Other income
3. Total income
4. Miscellaneous deductions from income ....
5. Income available for fixed charges .-
6. Fixed charges:
6-01. Rent for leased roads and equipment
6-02. Interest deductions/ ... ..
6-03. Other deductions
6-04. Total fixed charges
7. Income after fixed charges .. ..
8. Contingent charges
9. Net income2. ..
10. Depreciation (Way and structures and Equipment)
11. Amortization of defense projects ........-------- ......
12. Federal income taxes ... ..... ..... ..
13. Dividend appropriations:
13-01. On common stock
13-02. On preferred stobk.
Ratio of income to fixed charges 3/ (Item 5-6-04)


All Class I Railwiys


2 861 814 249


ost say 397


afoo aysass


1,39745,374
133,50g,162
355, 60,252


Class I Railways Not in
Receivership or Trusteeship #


For the month of September For the nine months of For the month of September For the nine months of


_____________ .1 .5 -~ '. .4 -I. -- -


$43.276,186
1 163:99
57: 612585
3,581,115
54,031`:470
10708,988
31,6,556
42, 436948
51 4,522
2:745652
8,848,870
27,?26,614
123, 2082
3;:2o0:842

4,602,992
495,507
1.27


0,128,548
1475 4521
104, 833969
2,602,546
102,231,423
14,356,821
28,457,083
S 122,903
42,93680
2,791,601
56,503,015
2,207,500
1,617,578.
119,556"4

4,650,062
1,073,187
2.38


#76 5,54: ,28
135 :112:718
900,653,046

876:708:,846
109,640,149
289,226,587
1,007,85
399 874,221
46 83425
41,565,o025
249,519,663
281,282,322
707,108,096

103,412,595
27,177,86
2.19


6842,106,037
134,467,152
976,573,189
30,173,213
946,399,976
118,104,443
3041,371,850
1 162
423638, 704
522 761,272
25:406 3b
497 .355 109

240o 150074
137.587,372
1,017,679,259

95,138,695
3 ,721,379
2.23


___________________________ I___ I


Selected Asset and Liability Items


17. Expenditures (gross) for additions and betterments-
R o a d ..... ... ... ........................... .. .......................
18. Expenditures (gross) for additions and betterments-
E qu ipm en t...... .......................... .......... ......... .....................
19. Investments in stocks, bonds, etc., other than those
of affiliated companies (Total, Account 707).
20. Other unadjusted debits .. ..... ................
21 Cash....... .. .. .... . ..... ..... .
22. Temporary cash investments
23. Special *deposits...... .. ....
24. Loans and bills receivable ...
25. Traffic and car-service balances-Dr.
26. Net balance receivable from agents and conductors
27. Miscellaneous accounts receivable
2S. Materials and supplies
29. Interest and dividends receivable
30. Rents receivable .
31. Other current assets
32- Total current assets (items 21 to 31)


40. Funded debt maturing within 6 months 4/
41. Loans and bills payable /. ...
42. Traffic and car-service balances-Cr..
4. Audited accounts and wages payable
Miscellaneous accounts payable .
45. Interest matured unpaid
46. Dividends matured unpaid
47. Unmatured interest accrued
4g. Unmatured dividends declared
49. Unmatured rents accrued
5. Taxes accrued............
Other current liabilities
52. Total current liabilities (items 41 to 51)
53 Analysis of taxes accrued:
53-01. U. S. Government taxes ....
53-02. Other than U. S. Government taxes.
54. Other unadjusted credits.................... .......... .........


All Class I Railways


Balanoe at end of September
1945 1944


$167,476,803
210,137,259
542,726,421
372.613.649


$589,204,185
429.919.529


I.


Class I Railways Not in
Receivership or Trusteeship #


Balance at end of September


$128,297,912
163,144,228
514, 0,422
P269.267.902


- *1' I. ,. I


1,17362,7l
1,748,564
183,019,681
417,685
9,758,153

6 095
3,82 27
.497 8


4. 565 7Qo 61


1,141,961,106
1,75..009,182
170,407,219
327 ,67
42,510776
1 5,151,527
628 381,271
601,865 018
28,165,126
64.9l2.o o


4 580 246 970


899,727,998
1 318,085,699



29,71576
30,1487482



448436814


,8 767 76.44


* r ,, ,


247.796.732


18, 2072
443 803 60
202.616 285
74,398 868
15,209,169
60 766,062
8 276 825
23 401,272
l,419 620o974
.19.:335.285


2 559 578 493


, ., ,


,561


1,247,3108o02 1,622,072,097
172,31 172 7,976,
535,9545,361 58,50,7


I/Represents accruals, including the amount in default.
//For all Class I Steam Railways the net income was as follows:


Period 1945 1944 Deorease
3 months ended September ... (124,763,280 $173,731,785 $48,968,505
6 months ended September ... 312,209,620 345,735,901 3.6
12 months ended September ... 621.823,430 b63.03 .214


the net income shown is after deduction of the following amounts taken out of operating
revenues to create reserves for land grant deductions in dispute: .Sept. 19145 13.649,537
Sept. 194., 3,458,958; 9 months of 1945, 35,478,831; 9 months of 19 4, ,34.518,66. et
income is also affected by charges to the amortization of defense projects accounteof
1101,6bl,375 for September 1945 and 6101,714,821 for the nine montheof 1945 in excess a
normal accruals, and credits to railway tax accruals of 677,560,128 and 677,565,508,
respectively, resulting from the shortened period of amortization.


267.749.695


239.074.4614'


*1~ -I


12,188,386


60,146,970
6 7 02 .99 6
7.410,890
%'430,1497
1,793,048"580
10O.069.3o0


1,943
17,?.i 712
372,74, 003
51,500,32
4 929,152
588 179
20 44812
1, 18727,950
91.282.200


15614.6~l


1O,15~,72:

27, 71:014

249 193:5605s


3 618 576 729


259.729.225


8,350p,ooo000
175,32,638
358, 7


0lo a
22240:47
1,53,62,
5,-089


643,517,4214
12,339,456
55,856,880
2,126,322
53,730,558
9,966,683
21:48o,:101
54,737
31,: 5,521
22 ,5037
1 965, 7
20:219,314
23 ,521,075
103 137,399
39,874,535

4,602,992
495,507
1.70


$71,,,Z41,93
1%362:84o
85,409,433
1,985,002
83,424.431
13,555,387
18,751,80o
103,267
32 410,5e4
51:o13,907
2,058,062
48,955,845
23 .075,171
14,504,939
102,915,9

4,650,062
1,073,187
2.57


$627,449,,08
121,602,302
749, 051,310
21,200,2214
727,851,086
101,446,812
199,6o0:9 6
948,o o
301895 767

18, 275
40o7,69,570
210,446,417
240:o011529
581,575,253

o103,412,595
27,177,864
2.41


$674,987,007
122:788,211
797,775,218
24,970o,510
772,804,708
o108,982,487
217,395,1
327,789N8
w 2": ,78
18,467,9149
426:957,831
203,086,878



95,138,695
354,721,379
2.36


ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS 6/


Period


Railways Reporting a
Net Income
umber of Amount
reports Amount


I. I


September 1945
September 1944
9 months 1945
9 months 1944


81 36,7 444
112 59,319,s81
108 4 5479,101
114 504 227 556


Railways Reporting a
Net Deficit
Number of mount
reports Am


46 $27889574
16 2 816466
19 16,914,076
14 6 872447


NET INCOME ALL CLASS I RAILWAYS
MILLIONS OF DOLLARS


I ZO

100

80

60

40

ZO

0


J FMAMJJASONDJ FMAMJJA5ONDJFMAMJJASOND
1943 1944 1945


I/ For railways in receivership and trusteeship the ratio was as follows:
Sept. 1945, 0.03; Sept. 1944, 1.79; 9 months 1945, 1.52; 9 months 1944, 1.80.
_/ Includes payments of principal of long-term debt (other than long-term
deb in default) which will become due within six months after lose of month
of report.
5/ Includes obligations which mature not more than one year after date of
issue.
6/ Excludes reports of 4 roads for the 1945 month and period and 3 roads
for the 1944 month and period whose net income (or deficit) was absorbed by
the controlling company.
Excludes Toledo, Peoria and Western. Report not received in time for in-
clusion in the statement.
# Figures include returns of the Western Pacific which emerged from trustee-
ship on December 29, 1944.


Subject to revision


-~1* t ________


-I-


-I-


-r-


--l-


-I-


-I-


-I n I


-I-


-I-


, ,


5 L


INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS










INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR THN NINE MONTHS ENDED WITH SEPTEMBER 1945 AND 1944


_.\ Regiro and railway


NT RAILVAT OPERATING
INCOME


NET INCOME


FE AL INCOME
TAXIS


IIII lI I I I


DIVIOWD
APPROPRIATIONS


4 2 r


Region and railway


SRAIL"VAYT OPERATING
INCOME


NIT INCOME


FEDERAL INCOME
TAXES


DIVIDEND
JPPROPRIATIOXS


1945 1914 1945 119441 1945 1944 1945 1944


_________________ -I. J J J I 4. + + t I t t 1


United States Total .. ..............


$765,540,328


"642,106.0371$*451.%5.5025 1$1497.355-109 1 *7o7.los.096 1$1,01T.679.259


$130,590,459 $129.860.074 Southern Region Continued


Master District Tot .............. 275.363.515 305,941,871 145.329,642 163.518,077 117.931.672 248,653,.95 28,781,172 29.763.731
New nrcland Region To.t.............. 22.710.890 28.798,620 10.671.659 15.595.852 12.179.525 15.838,956 287,105 324.166
Bangor and Aroostook .. ................ 86.308 1.046.381 513.921 643.145 1.287,277 1,215.786 239,250 239.250
Boston and Maine ..... ................ 5.982.889 7.719,907 2.876.686 14.367.695 2.363.996 3,484,905 -
Canadian National.-LiA in New gland .. d 615.963 dl 822.953 761.327 d 966.924 -
Canadian Pacific Lines in Maine ......... 922.627 1,126,138 -
Canadian Pacific Lines in Vermont....... d 918.385 d 37459 -- -
Central Vermont ......................... 77.b1 03 1129,689 56.466 8979 118.125 -
Maine Central ........................... 1,328.529 1.376806 79,97 517,s6 13.717 1229.611 147.855 4.916
New York Connecting .................. 1,467,149 1,291,0A8 797.502 516.231 173,514 255.000
New York, New Haven and Hartford- ...... 13,623.360 17.141.059 8,269.448 11.276.379 7,950,000 9,535.529
Rutland ..................................d 8 ,0444.150 374856 d 194.697 -


Great Lakes Region Total ..............
Ann Arbor ...............................
Cambria and Indiana .....................
Delaware and udson ......................
Delaware, Lackawanna and Western ........
Detroit and Mackinac .....................
Detroit and Toledo Shore Line ...........
Srie ....................................
Grand Trunk Western ....................
Lehigh and Hudson River ................
Lehigh and New England .................
Lehigh Valley ...........................
Monongahela .............................
Montour ...............................
New York Central a/ .....................
New York, Chicago and St. Louis .........
New York. Ontario and Western" .........
New York, S.equehanna and Western" ....
Pere Marquette ..........................
Pittsburgh and Lake Erie ................
Pittsburg and Shawmaut ..................
Pittsburgh A West Virginia ..............
Pittsburg, Shavnut and Northern* ........
Wabash ..................................


Central Eastern Region Total ..........
Akron, Canton & Toungstown .............*
Baltimore and Ohio .....................
sBeesmer and Lake Erie ..................
Central R. R. of New Jersey" ...........
Chicago & Eastern Illinois ..............
Chicago & Illinois Midland ..............
-Chicago. Indianapolis and Louisville" ..
Detroit, Toledo and Ironton ............
1gmin, Joliet and eastern ...............
Illinois Terminal .......................
Lon XIsland .............................
Missouri-Illinois .......................
Pennsylvania ............................
Pennsylvanla-Reading Seashore ...........
Reading .................................
Staten Island Rapid Transit .............
Western Maryland ........................
Wheeling and Lake Irie ..................


102.022,828


119.248,573


50.839,1476


57,654,627


31.562.113


108.1146.918


________ I 1 4- 4 + 4-


526,197
4u, gig
3,7U43.933
3.723.717
29.324
438,646
11,867.?73
3. 495.328
207,750
651.796
3,796.777
822.537
538.896
42.059.198
13.363.776
d 772.062
1.979.361
3.578.892
181.762
1,114.571

6-r- r63W


150,629,797


345,597
33.154.208
2,850.078
4.523.376
2.122.079
703.118
1.511.853
1,262.947
2,252,044
1,020.913
2.785.334
325.740
78.862.363
07.555
10. 81.581
728.418
4.73.10885
2.604.105


514.219
484,948
6,596.326
3083.892
30.034
525.209
15.238.533
3.701.589
205,144
1.012.712
9.132.175
971. *3
596. 4o3
51.582,936
8.375.403
705.-w
3,836.981
189.95
1,30.8,102
d 62,621
6.673.o086


49,023
28,933
1.754.209
a 522.529

5.723.075
295.586
224.932
466.260
1.196482
S 61422

5341.545
22.323. 01
9,636.065
I 1.75.290
--73-.T
3.739.,89
2.950.443
I 109.65
653,649
222,.513
4.698,768


63 1
14.037.009
d 822.294
d 9651
5.891.036
492,266
224,559
814,086
2.090,560
600,816
583.865
28.50.897
5,220.302
S2 114,62
2,282.0714
3,285.247
1 101.022
881.759
S 174,2 760
U. 43.970


230.656
687.531
1.198,000

276.547
d 1.213.144
225,175
240.974
262,009
28q. W2
385.977
12,513.415
2,143,000
60.494
2.475.980
d 94
381,915

11.4104.4,26


231,484
678.197
1,302.000
613,294
421,471
10,410,513
353.667
346,624
536.221
2.345,000
541,969
418,206
53.941.556
14,482,000
222.113
2.751,201
4.627.116
10.896
282.756

13.630,635


9,068,245


180,000

180,000
3.244.922
914.1o40



3.223.697


420,000O
1.127,300


598,186


-- -+--I.. .. .. .. 1 I I-4 ,, i i i


157,894,678


83,815.507


90,267,598


74,190,0314


124,.668.071


19.425.822


4- 4- 4 4 + 4-


3 Z96,525
34.10,122
3.391.4os
4.176.796
2.419.113
733.838
1.983.965
1,516.909
2,432,985
1.045.207
2,485,606
397.694
82.372.197
766.879
10.,710,ho
918.255
5.055.947
2.480.792


202,9114
16,011.903
1,734.003
1,354,622
879.574
463.964
501.457
883.513
1.760.088
616.136
1.3514334
324, 024
46.245.763
1 435,020
6,523,092
323.186
2.619.526
2.455.138


396.b35
18.078.000
2.276.522
9245,886
1.188.337
2490.386
967.748
1.134.733
1.909.:46
646,480
1.112.829
364.459
49,183.471
114.387
6.350.670
2.871,794
2.235.515


200.565
19.364.230
1.23:4,28
849.511
1,267,650
663.200
258.369
574,790
1.368,567
1,511,500
57.327
635.000
30.326,731
310.353
6.937.,P40
188,453
2,898,000
5.16400ooo


283.685
24.681,955
1.483,004
830,000
1,899.669
1,083.000
579,151
45,811
1.707.138
1.818,500
465.712
a42,koo
69,709.000
249,516
10.261.100
305.130
.662.000
,561.000


330,570


383.563

490,664

375,000

13.167,754
3.148.489

1,529,482


9,740,070


180.000


240.000
3,244.922
94,140



3.223.697



2,159,125


598,186


19,699.,1495


220,380


767,726

490.664

375.000

13.167.754
3.18,lu,49

1,529.482


Southern District Total ............... 159,001.573 179.380.630 106.160.68 129.383,924 185,326,631 256,578.092 48,511.60o 6.526.506
Pocahontas Rteion Total ............... 49.956.374 52.522.229 .44854.455 50.216.453 53.068.,606 77.254.329 35.937.760 32.671.737
Chesapeake and Ohio ..................... 23.730.119 25.236,000 19.412.838 20,99,088o 20,145,671 32.028.,64 20,496,854 17,229.047
Norfolk and Western .................... 18.518.564 19.382,678 19.070.170 22.919,649 26,675,000 31.775.000 10,988,211 10.989,995
Richmond, Fredericksburg and Potomac .... 1,592,749 2.488.638 1.661.613 2.510.322 14,724,792 10,101,112 1430.032 1430.032
VTrgntan ............................... 6,114,942 5.414,913 14,709.834 3,797.394 1,523,143 3.349.533 4,022.663 4,022.663


Southern Region Total .................
Alabama Great Southern ..................
Atlanta and West Point ..................
Atlanta, Birmingham and Coast ...........
Atlantic Coast Line .....................
Central of Georgia" ....................
Charleston & Western Carolina ...........
Cincinnati, New Orleans and Texas Pacific
Clinchfield .............................


109.045.199


1,.220.238
225.901
1l,4lo
5.471.322
3.791.345
271.030
.366.079
,o044.564


126,858,401 61.306.413


79.167.4171


132,258,025


4- 4 4 4 4-


1.473.478
300o,74
298,093
10.494.730
24.991.981
595.201
3,723.918
.672.653


1.582.327
249,015
370,283
6,856,737
332,711
68,553
2,089,515


1.828.966
317.118
324,228
9.839.783
1.396.5%4
390,150
2.469,323
3.035,826


2,787,000
316.671
313,009
13,900,000
607,906
130.000
4,661.000
452,869


179.323.763


3.879.000
881,428
400,000
28,150,000
1.532.317
410,000
6.506,000
520.727


12,573.300


1.008,932
61.590
2.269,342
72.000
1,886,002


13.854769


1,008.932
61.590
1.240.059
72.000
1,886.o02


Columbus and Greenville .................
Florida last Coast" .....................
Georgia R.. Lessee Organization .......
Georgia & Florlda' .......................
Georgia Southern and Florida ............
Gulf and Ship Island .....................
Oulf, Mobile and Ohio .....................
Illinois Central .........................
Louisville and Nashville .................
Mississippi Central .....................
Nashville. Chattanooga 6 St. Louis .......
New Orleans and Northeastern .............
Norfolk Southern .........................
Seaboard Air Line* .......................
Southern .................................
Tennessee Central ........................
Western Railway of Alabam................
Yazoo and Missaissippi Valley .............


*214.776
3,804,752
1,622.862
8.667
589.286
329,118
3.076.660
18,222.927
18,331,480
203.965
2,879,781
872.610
419.S86
114.414.336
21,796,548
196.243
262,074
3,257,144


$80.986
4,.886.035
2,281,296
113.447
520.790
319.079
3.505.805
19.143.314
18,609.030
284,796
2.820,541
8s3.965
574.332
16,981.798
24,718.365
402 913
16,o063
3.765.024


$42.505
710.902


322.426
2,113,422
12,001,131
15.335.072
129.412
1.869.461
689.619
96,6140
1.3214,686
13,839,204
27,107
236,370
1.262,141


$97.985
1,571,010
1.832.857
d 481.812
107,548
2,476,086
12,365.128
13,045,663
199.739
1.798.523
697.807
254,913
7.0198754
15,774.M1
232,553
388.172
1.718,653


$41,643
2,723.492

534.000
167,400
3.:147.000
22.470,000
27.552.980
s4.254
2.953.o40
1,907,000
69.981
9.125,000
35,226,000
59,030
184,.382
2,344.o000


$63,874
3.874,885

749.000
13,000
2,453.6144
26,856,000
37.123,880
136.295
3,597.182
1,985,000
184.584
14,350,000
40,332.000
218,524
903.173
3.703.250


$19,700




705,852

6.165,900
255.982



35.000
90.000


Western District Total ................. 331.175.240 356.783.536 200,074.515 204,53.108 l403.849.793 512.447,222 53,298.227 53.569.837
Northwestern Region Total .............. 105.998.303 109.246,116 64,623.029 56.766,670 45.407,107 72.389,160 8.557,169 17.720,724
Chicago and North Western ................ 17,151,349 17,750.809 13,279,264 12,201,850 10,190.000 12,145,000 2,286,318 13,717,905
Chicago Grat Western .................... 1,991.487 2.377.065 631.658 985,603 1.491.900 1,637,100 686.,55 686.460
Chicago, Milwaukee. St. Paul and Pacific" 21503,234 23.961,683 6,248,928 8,109,946 7,443,000 13,289.000 -
Chicago, Saint Paul, Minneapolis and Omaha 2,923.402 2,456.095 1,216.390 657.695 666,000 372,000
inluth, Missabe and Iron Sang. ........... 9.253.192 9,511.139 8,628,440 8,55.434 5.582.134 5.905.565
Daluth, South Shore and Atlantic" ....... 449.529 518,823 d 254.815 d 183.272 -
Duluth, Winnipeg and Pacific ............. 7.738 246,633 d 32000 d 77.01 -
Great Northern ........................... 25,0o0,108 23,039.682 20,106,578 14.35187 11,716,825 20,692.076 4,616.936 2,49s,899
Green Say and Western ................. 64,436 127,167 4.4217 52,870 178.455 197.919 125,000 125,000
Lake Superior a& Ishpaeming ........... ..... 602.547 722,742 609.631 731.078 406.420 405,643 321.,300 321,300
Minneapolis & St. Louis. ................. 18 61,2, 8.694 1,277.330 1.190,462 790,476 992.202 450.000 300.00
Minneapolis, St. Paul & Sault Ste. Marie 1,720.065 4,900,329 1.532,103 467,969 94.000 270.000 -
Northern Pacific ......................... 18.599,747 16.690,862 11.7400o18 7,087.534 4.181.892 15,140.200
Spokane International .................... 196.638 179,925 110.957 91,780 213.425 106.629 71,160 71.160
Spokane. Portland and Seattle ............ 3.525.975 2,999.647 934.498 1.399.235 571,603 602.406 -
Wisconsin Central" / ................... 1646.384 2,4714,821 d 1.16213 844,334 990,974 633,420 -


Central Western Region Total ...........
Alton". ..................................
Atchison. Topeka and Santa Fe c/ .........
Chicago. Burlington & Qnincy .............
Chicago. Bock Island and Pacific". .......
Colorado and Southern ...................
Colorado & Wyoming ......................
Denver & Rio Grande Western** ............
Denver and Salt Lake .....................
Fort Worth and Denver City ...............
Northwestern Pacific .....................
Southern Pacific ........................
Southern Pacific Transportation Syaten e/
Toledo, Peoria a Western f/ ............
Union Pacific ............................
Utah .....................................
Western Pacific ..........................
Southwestern Region Total ..............
eaumont. Sour Lake & Western" ..........
Burlington-Sock Island ...................
International-Great Northern.............
Kansas City Southern ....................
Kansas. Oklahoma & Gulf....................
Louisiana Arkansas ....................
Midland Valley ..........................
Missouri and Arkansea ....................
Mi souri-ansaa-Texae ....................
Missouri Pacific" .......................
New Orleans, Texas & Mexico." ............
Oklahoma City-Ada-Atoka ..................
St. Louis, Brownsville and Mexico" ......
St. Louis-San Francisco"* ................
St. Louis, San ranecisco and Texas .......
St. Louis Southwestern" .................
San Antonio, Uvalde & Gulf" ............
Texas and New Orleans ....................
Texas and Pacific ........................
Texas Mexican ...........................


.140769.365 166.013.799


3,03.138
28,622,136
214,140,209
20,677,113
1,810,778
177,111

1,755.539
1466,1449
26,780.275
37.874.553
29.786.316
121.587
4,847,841


3,000,247
40.125,367
20.101,145
22,672.602
2,108,1400
293,600
10.527,578
659.451
2,251,244
421,.191
0.784.892
0.291.707
27,782,703
95,151
5,157.228


814.407.572 81,523.6211


732,332
423,540
2.571.715
4,605.046
750.904
2.027.,439
215,048
5 X10.123

23,7614.070
2.250,860
119.138
1.670,871
12.600.743
286.128
8.432,985
d 376110
1.094,277
7,741.109
283.525


1.2 32,188
2,6.457
2.585.5m
4.355.445
719.655
1,727.696
177,o40
185,178
4,834.784
25.606,120
2.426,962
263.991
1,877,461
12,365.929
326.833
7.807,624
d 399.893
9.506,815
5,015.843
460.8:45


89.715.2301105.76414.231214.625.992I305.562.621 1 43,320.1891


1.605.967
23.152,811
19,627.619
10.568.5243
1.467.653
121.133

832.308
d 533.876
3.834.838
25.723.7,44
31.316.921
59.046
4.o020634


1,628,866
34,269,104
114,679.060
10.212.076
1.659.499
234,033
4,121,028
24S,621
1.628,729
d 5"9.6 1
5,958,033
29,'017.018
29.0411.106
32,416
2,641,233


2,056.459
46,229,000
42,727,6oo
23.550,000
735.759
80.900
8.463,875
1.046.866
41,107,140
56,889.934

73,761.,740
38,500
8,828.153


3.178.03
106.297.144
314,301.153
22,000,000
1.038.759

2,515.300
1.879.547
0 4,474,683
80.379.034
77,000,000ooo
6,178,000


45,736,2561 41,922,315 l09,816,694 131.195.41


68o,459

3.312.792
591t,956
1.33.4311
50.437

3.313.r3o
10.975.455
243,964
85.525
1,115.595
4,167,507
202.856
6.507.850
7.887.91
5,2138,860
167.446


1,146,015
d 15.786
710.145
2.810,000
5624,o39
1.031.,44
10.530
153,006
2,265,013
12,610,681
440,582
223.8147
1.365,799
3,662.s'44
243,992
5.799.857

2,805,996
339.466


1,777,000
1.375.000
3.7500 00
577.114
3,500,600
26,026
10.739.000
31.150,000
1,219,000
86,2146
3.043.000
9.620.680
471.013
13.269.083
15.782.794
13.393.0714
88,790


I I 2. J I .1 L .1. ~, _______


* Report of receiver or receivers.
o Report of trustee or trustees.
d Deficit or other reverse item.
&7 Includes Boston & Albany, lessor to Sew York Central N. R.
?/ Formerly included in report of Minneopolis. St. Paul & Sault Ste. Marle.


3.030.861
2.026,542
5.495,000
530.373
3,097.4o00
10,831
120.739
7,991,000
34.175.000
1,695.135
216,699
3.,591.603
9,780.000
66s,000
16,095,907
25,904,351
16,606,000
160,000


114,026,090
14,270,968






s8,1s,717
8.4588,717

13.984,819
2,549,595


1,1420,869


315.000
208,294
225,000




80,000





592,575


e/ Includes Atchison, Topeka & Santa Fe y., Gulf., Colorado & Santa Fe By., and Panhandle & Santa Fe By.
Data not included in totals. Includes Southern Pacific Company. Texas and New Orleans R. R. Co., and leased lines.
Report not received in tine for inclusion in this summary.

U.S. GOVERNMENTPRINTNG OFFICE : 1945-0-57218


Page 2


$708,804

5,850,000
255.982


2,596,400
70.000
105,000


314,613.244


14,026,090






6,602,335
6.602,335

13.984,.819


1.235,869


210,000
208,294
225.000










592.575


i


i


- I i i i i i i


-F


-r


i i


i -


s -; -,


LL


- I


I I


LL


-- -


- i


-1


-I






Subject to revision


:r e i s-C e-, ao z /a /9,y- F


UNIVERSITY OF FLORIDA

I1111 1 ~11111 INTERSTATE COMMERCE COMMISSION
3 1262 08851 1976 BUREAU OF TRANSPORT ECONOMICS AND STATISTICS

SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES


Compiled from 132 reports (Form IBS) representing 136 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)

All Class I Railways Class I Railways Not in
All Class I Railways Receivership or Trusteeship #
Income Items For the month of October For the ten months of For the month of October For the ten months of

1945 1944 1945 1944 1945 1944 1945 1944
1. Net railway operating income .11.. .. 5,44,408 $98,011,449 $821,96,493 $941,90,139 $41,284,o35 $79,807,452 $670,o,801 756,627,111
2. Other income 14,325,802 14,860,123 14974,325 149,30,272 13,067,387 13,568,341 134,705,49 136,369549
3. Total income...... 68,810,210 112,871,572 970,870,818 1,091,290,411 54,351,422 93,375,793 804,810,294 892,996,60
4. Miscellaneous deductions from income -.. --- -----.--- 1,263,991 2,702,577 25,208,420 32,875,886 2,397,944 2,161,739 23,598,396 27,13,346
5. Income available for fixed charges .. .. 67,546,219 110,168,995 945,662:398 1,O58,414,525 51,953,478 91,214,054 781,211,898 865,864,314
6. Fixed charges:
6-01. Rent for leased roads and equipment 12,037,089 12,888,829 121,677,236 130,993,275 11,231,907 12,149,110 112,678,718 121,131,597
02 est deductions1 32,919,7574547 32214522 33311,883 21,555,642 24,1732 221,156755 241,563,82
6-03. Onterest deductionsV ....a9751 109,315
6-0. their deductions.. ....... .......... 15,2 11060 1,122771 1,285,965 100,247 102487 ,26 1,109,15
6-04. Total fixed charges- .....- ...- .. 45,072,132 46,952,76 1444,946,529 470,59123 32,887,796 36,425 425 334,783,739 363 039
7. ..... ..fter fixed charges 2 44 216 19 500,715869 587, 823 402 19 065,682 ,4,788 629 66,428 159 502,059,920
8. Contingent charges .. .............. ... ...... 2 ,832 2,79 26 2751,31 28,202,389 1,469,687 2,023 05 19,145,35 20,491,554
9. Net income 2/..... 20,224,255 60,420,393 473,196,438 559,621,013 17,595,995 52,765,024 426,8272 4 481,568,366
10. Depreciation (Way and structures and Equipment).... 28,150,350 27,280,171 277,744,680 26,502,989 23,724,848 23,141,709 24,245,931 226,301,331
12. Federal income taxdefense pocts...............es..--..... 109,945,503 17,042,773 9122824 15,630,146 100,151,001 14,821,767 340,162,529 135,772,006
2. Federal income axes 35,506b,557 119,222,793 671,60o,242 1,136,902,052 37,o51,936 101,592,118 544,516,020 975,836,579
13. Dividend appropriations:
13-01. On common stock 18,898,771 14,455,204 122,311,366 109,596,899 18,898,771 14,455,204 122,311,366 109,596,899
13-02. On preferred stobkk ....................... 9,168,199 4,673,272 36,346,063 39,394,651 9,168,199 4,673,272 36:,346,o063 39,394,651
Ratio of income to fixed charges/ (Item 5+6-04) 1.50 2.35 2.13 2.25 1.58 2.50 2.33 2.38

All Class I Railways Class I Railways Not in
Rceivership or T trusteeship# ANALYSIS OF NET INCOME--ALL CLASS I RAILWAYS/
Selected Asset and Liability Items Balance at end of October Balance at end of October
1945 1944 1945 1944
Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
18. Expenditures (gross) for additions and betterments- 19097272 45781,656 Number of Amount Number of Amount
Equipment................................................................................. 232,572,955 182,209,917 reportsreports
19. Investments in stocks, bonds, etc., other than those
of affiliated companies (Total, Account 707)..... 544.328,552 $589,498,249 514,88*,777 $564,810,993 October 1945 85 $41,504,305 43 $21,280,050
20. Other unadjusted debits .......................................................... .8 .4 7. .7 6 October 1944 109 62,32 ,4 7 20 1,904,074
2 i 10 months 1945 108 490,932,704 20 17,736,266
21. Cash..----............................................ 1,224,980,33 1,270,838,401 979,257,176 1,011,871,909 10 months 1944 115 566, 47,654 14 7,226,641
22. Temporary cash investments-.. .............---... ...... 1,740,57,.476 1,793,51,486 1,552,719,048 1,388,713 280
23. Special deposits -------------------------- 205,9,395 199,903,934 161,151,369 159,130,166
24. Loans and bills receivable -------...........................-519,570 427,202 515,325 426,280
25. Traffic and car-service balances-Dr .....1....... 41,337,225 44,862,851 31,216,1483 30,104,217
26. Net balance receivable Trom agents and conductors 111,082,718 150,209,O92 95,693,183 125,373,760 NET INCOME ALL CLASS I RAILWAYS
27. Miscellaneous accounts receivable 552,001,964 629,553,293 429,029,987 494,714,734
28. Materials and supplies ---.--... ..---..- ......... 0.. o3,616,267 606,075,451 501,238,997 502 733,912 MILLIONS OF DOLLAR5
29. Interest and dividends receivable .........-- ..... 38,112,099 30,795,78 31,52 6 2616555
30. Accrued accounts receivable 25,244,109 87,84.5,931 226,489,609 70,350,53
31. Other current assets ..... ..148.98A 5 6l.,_9612 41.90 ,541 07 ,35 I ZO ..
32. Total current assets (items 21 to 31)* ........-- 4,838,R6r,.l4 4.874.922.9q1 ,.80.741,322 3I.867.242.887
40. Funded debt maturing within 6 months / .. 190.961.735 235.350.456 178.486.927 226.867.818 100
41. Loans and bills payable. /-.----.-..---.... ..-...- ........... 11,361,361 12,138,386 7,403,943 8,30000 80
42. Traffic and car-service balances-Cr. ...,67,8 204,234,653 123,286,295 169,69,363
43. Audited accounts and wages payable ....... .. 5,7,168 58,357,039 373,113,076 388,707,O30
44. Miscellaneous accounts payable. -.........- .........-...- 2 73,804,925 1.3,877,226 159 9,,876 102,b59,260 O
45. Interest matured unpaid ,738,828 54,727,087 3, ,203 37,47,108
46. Dividends matured unpaid 3,756,834 3,336,887 3,476,956 ,056,870
47. Unmatured interest accrued ....... ............. 59,61,27 6872,1 58,57,977 65401,556 40
4g. Unmatured dividends declared- ... 29,625,235 15,324,936 29,625,235 15,324,936
49. Acorued accounts payable 225,936,409 96,79,388 172,63,679 86,007,556
Taxes aoo rue .............. ... --. ......- 1,402,270,343 1,927,369,904 1,166,287,279 1,645,671,446 0 Z.
Other current liabilities-... ---- 125.657.980 117.510.753 84.010.565 81,706.826
52. Total current liabilities (items 41 to 51)* .. 2.723.185,211 3.102,082.389 2.221.838.087 2.604.551.951 0
JFMAMJJASONDJFMAMJJASONDJFMAMJJA50ND
53. Analysis of taxes accrued: 1943 1944 1945
53-01. U. S. Government taxes .... ....... 1,241,082,510 1,765,373,147 1,o40,314,013 1,520,544,380
53-02. Other than U. S. Government taxes........- 161,187,833 161,996,757 125,973,266 125,127,066
54. Other unadjusted credits.*................- ...-.................. 411,476,24 442,403,193 324,810,o51 343,254,153


i/Represents accruals, including the amount in default.
2/For all Class I Steam Railways the net income was as follows:
Period 1945 1944 Decrease
3 months ended October ..... $0,364,481 177,523,083 $97,158,602
6 months ended October ..... 276,335,462 359,668,191 3,.332,729
12 months ended October ..... 581188,939 49.620 6 6831.677
The not income shown is after deduction of the following amounts taken out of operating
revenues to create reserves for land grant deductions in dispute: Oct. 1945, $2 435,100;
Oct. 1944, $3,600,350; 10 months of 1945, $37,913,931; 10 months of 1944, 638,i9,116. Net
income is also affected by charges to the amortization of defense projects accounts of
$99,892,226 for October 1945 and $201,656,519 for the ten months of 1945 in excess of
normal accruals, and credits to railway tax accruals of $70,966,509 and $148,656,429,
respectively, resulting from the shortened period of amortization.


c/ yFor railways in receivership and trusteeship the ratio was as follows:
Oct. 1945, 1.28; Oct. 1944, 1.80; 10 months 1945, 1.49; 10 months 1944, 1.80.
SIncludes payments of principal of long-term debt (other than long-term
deb in default) which will become due within six months after close of month
of report.
5/Includes obligations which mature not more than one year after date of
issue.
/ Excludes reports of 4 roads for the 1945 month and period and 3 road
for the 1944 month and period whose net income (or deficit) was absorbed by
the controlling company.
# Figures include returns of the Western Pacific which emerged from trustee-
ship on December 29, 1944.
Because of changes in the Accounting Classifications effective October 1,
1945 and the failure of certain carriers to restate their 1944 figures on the
new basis, the figures for 1945 and 1944 are not comparable.


Statement No. M-125
OCTOBER 1945


lie.S








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS

FOR THE TEN MONTHS ENDED WITH OCTOBER 1945 AND 1944


Ropion 14ed railway



Lota t Is-Atl .........


r C C I p p


NET RAILWAY OPERATING
INCOME


ET INCOME


FXDBRAL INCOME
TAXES


4 I I


DIVIDED
APPBOPRIATIOINS


Region and railway


NXT RAILWAY OPJRATIO
INCOMS


SET INCOME


FEDERAL INCOME
TAXES


DIVIDWID
APPROPRIATIONS


1' + 4ii i4 ii -ii -4 --- .---4 4


$821.396.493


$941,950,.139 $473.196.43s 1559.621.013 $671,6o4,242 $I,136.902.052 $158.657.429 $148,991.550


Eastern Distric t ................ 292,210.186 339.874.148 149.1o6.355 181.799,989 94.170.738 275,289.638 30.583,161 31.562.741
New England Ireton i Total .............. 25,813.115 30.928,535 12.412.887 16.602,672 12,190,935 18,061,414 304,761 338,843
Bangor and Aroostook .................. 1,007.332 1.179.479 591.841 733,048 1,ao8.431 1.479.020 239.250 239.250
Boston and Maine ........................ 6,647,554 8.548,991 3,185.668 4,831,898 2,617,746 3.855.342 -
Canadian National Lines in New ngland .. d d 91.45 870.66 4 110a. -
Canadian Pacific Lines in Maine ......... 1,O50,988 1,023,856 -
Canadian Pacific Line in Vermont ....... 1.O17.911 881.7.6 -- -
Central Vermont ......................... 34,456 652,190 1.05.211 4 657.974 1.278 133,100- -
Maine Central ........................... 1.,471.913 1.536.056 532.696 564,102 444,522 1,228,423 65,511 99.593
New York Connecting ..................... 1,709.389 1,359.572 961,069 493.62 ad 26.4g6 355,000 -
New York, New aven and Hartford ..... 15,681,900 18,387.523 9,710,142 11,942,147 7.950,000 11,010.529 -
Rutland "* .............................. d 63.141 71,039 1 422,632 d 19540 -


Great Lakes Region Total ..............
Ann Arbor ..............................
Cambria and Indiana ....................
Delaware and Rudson .....................
Delaware, Lackavanna and Western ........
Detroit and Mackinac ....................
Detroit and Toledo Shore Line ...........
Erie ....................................
Grand Trunk Vestern ....................
Lehigh and Hudson River ................
Lehigh and evw England ..................
Lehigh Valley ...........................
Monongahela .............................
Montour .................................
New York Central a .....................
New York, Chicago and St. Louise .........
New York, Ontario and Western C4.........
New Tork, Susquehanna and Western ** ....
Pere Marquette ..........................
Pittsburgh and Lake Erie ................
Pittsburg and Shawaut ...................
Pittsburgh and West Virginia ............
Pittsburg, Shawmut and Northern .......
Wabash ..................................


Central Eastern AReion Total ..........
Akron, Canton and Youngstown ............
Baltimore and Ohio ......................
Bessemer and Lake rie ..................
Central R. R, of New Jersey ** ..........
Chicago & Eestern Illinois ..............
Chicago & Illinois Midland ..............
Chicago. Indianapolis and Louisville ** .
Detroit. Toledo and Ironton .............
Elgin, Joliet and Eastern ..............
Illinois Terminal .......................
Long Island ............................
Missouri-Illinois .......................
Pennsylvania ............................
Penneylvania-Reading Seashore ...........
Reading .................................
Staten Island Rapid Transit .............
Western Maryland ........................
Wheeling and Lake Erie .................


104.784.552
567,861
488.978
2,271,330
3.979.829
45.911
444,34
12,8o10.348
4,124.306
224,815
757,069
4,361,538
771.837
46,o4907
11,554,814
531,802
3.303,023
3.751.682
177,498
1.124,731

7.526.589


132.904,6681 49.14,475


10,938,841


117.515.556


10,316,142


P 4 1 i + 4


574,025
53,613
7,391.062
4,763,120
,o65
580,177
16,70s.637
4,332,645
222,330
1.124.390
10.695.687
1,062,139
659.130
56.538.752
9.398,995
612.298
796.207
4,268. 797
4,640o.652
176.614
1.528.560
d 65,930
7.533.299


Z71.454
71.197
71.287
d 726.205
353.319
6.607,617
581,516
243,222
552.258
d 1.146.191
372.511
552.762
24.577.633
7.595,66



A12.123
S 21. 69
5.20o,986


I *I 4. 4


161,612,519


360,078
3550. 296
3.159.669
4.821.661
2.301.327
777.099
1.587,253
1,278,865
2,380,203
1.119,241
2,941,9114
156,603
85.119,619
96.083
11.336.335
719,676
5. 15.728
2,o00,869


371.025
519,870
4,565,404
d 502.160
d 22.269
186,540
6,597,281
758,763

.455
2.443.211
646,340
31,127.567
5.893.308

2,538. 072
3,625,013
d 146. 04
1,083.951
d 190. 49
.970.490


176.o14.645 87.568.993 100,650,286


659,687
38,091,576
3.785,608
4,674,142
2,570.4146
813.994
2,302.152
1.706,691
2,733.052
1,197.734
2. 6714,628
470, 832
92.426,396
637,497
11.857.298
968,218
5.707,493
2,764,201


199 147
16,534,236
1.976,3914
1,308,811
939.939
10:,763
5 57,506
857.711
1.833,092
668.859
1,348.581
355.080
48,878,952
S 729.000
7.023.153
268,808
2,922,872
2,2114,089


1438,734
19,863.703
2.5 3.590
1.o92,336
1,251,704
)h.h72
972.977
1,282.989
2,154,147
722,690
1, 149,320
433,989
55.550.034
d --7.M 95
6.95.6133
3,291,612
2,490,871


245.277
730,271
d 3.654

275,1140

229,121
319,269
324,394
399.170
11.191.283
d 6.951.000
49.629
d 2.0126285
2.229.361

382=.91
11.953.121


71,040,962


190,065
17,364,230
1.,369,1o0
817.511
1,o27,650
687.000
225,869
559.929
1,418,980
1.578,900
497.326
682,000
31.947,017
6.41,.66
188.453
2,909,000
2.758.000


294,251
744.108
1,402,000
960,294
45.716
11,645,185
463,667
351.641
596,2145
1.955,000
602,187
463.A
58,07N.342
15.930.000
250,059
2,859.216
5.050,094
d 14.104
217,5630
15.187.580


139,712,668


311,884
27,855.955
1,680,033
913,ooo000
2,355.669
1,200,5814
630,153
677.739
1,877,940
2.017,702
506,445
504,600
78,7182730
272,054
10,854.350
305,830
3.844,000
5.092.000


180,000


200.000
4,472,819
94,140



3.223,697


420,0U0
1,127,300


598,186


19.962,258


330.570


383,863

490,664

375.000

13.167.754
3.428,.390

1.786.017


10.987,.967


180,000


260,000
4.472.,19
94.1407



3.23.697



2,159.125


598.186


20,235,931


220,380


767.726

490,664
375.000

13,07,754
3.128.390


Southern Districot Total ............... 161,374.933 197.351.552 103,010.082 141.327.935 164.762,396 283,878,118 59.233.252 51.111.1477
oocahoetas Region Total ............... 42,435.1o03 58.365.050 36,785,301 55.851.340 25.635,061 85,864,369 41,900.678 32,691.853
Cheapeake and Ohio ..................... 14.117,.o1 28,062,542 9,278,994 23.344.782 8.062874 35,607.153 26,239,870 17.i9,047
Norfolk and Western ..................... 20,104,000 21.579,144 20.7:42727 25.542.138 27.125,000 35.575,000 11,208,113 11.~0,.111
Richmond. Fredericksburg and Potomac .... 1,769,660 2.745,580 1.854.239 2,775,319 5,224,792 11,156,112 430,032 .30,032
rginian ............................... 6.14,729 5.977.784 4,909.341 4,189,101 1,34s8,143 3.526.104 4.022,663 2,663


Southern Region Total .................
Alabama Great Southern .................
Atlanta and West Point ...............
Atlanta, Birmingham and Coast ...........
Atlantic Coast Line .....................
Central of Georgia ** ...................
Charleston & Western Carolina ...........
Cincinnati, Xev Orleans and Texas Pacific
Clinchfield .............................


118.939.530
1.381.465
251.609
322,516
5.988,860
.,273.063
295,852
3,603.779
4.301.218


138,986,502
1.609,515
335,646
318,021
11,051,504
5,479,554
638.552
4.135,726
5.17(.529


66,224,7981
1.724.779
275.936
3,003
7,880,695
1,29,1148
69,208
2.198.928


85.536.595
19414.629
353,503
348.192
9.971.192
1,388, 083
409.752
2,748,529
3,351.371


139.127.335
3,127.000
351.664
87,696
13.90oo,00
622.673
130,000
5.036,000
477.225


198,013.749
4,214,000
961,852
420,000
31,050.000
1,680,696
450,000
7,190,000
577.8998


17.332.574
1,008.932
123.180
3.092.769
72,0ooo00
1,896.225


18.019.624
1. 08,932
161,590
1, 0, 059
72,000
1,896,225


Southern Region Continued
Columbus and Greenville ..................
Florid Uteat Coast.*......................
Georgia R.R. Lessee Organisation .......
Georgia & Florida ........ ...........
Georgia Southern and florida ............
Gulf and Ship Island .....................
Gulf, Mobile and Ohio ....................
Illinois Central .........................
Louiville and Nashville ................
Mississippi Central ......................
Nashville, Chattanooga St. Louis .......
New Orleans and Northeastern .............
Norfolk Southern .........................
Seaboard Air Line*........................
Southern .................................
Tennessee Central ........................
Western Railway of Alabama ...............
Tasoo and Mississippi Valley ............


*4g,56s
4,091, 30
1,727,696
6.436
660,599
308,438
3,021,463
19.845.300
20,126,523
215.331
2,955.040
996.44C
463.46C
15.949.751
24.4oo.376
255,406
298,999
3.150,291


$100.159
5.182,833
2.510.918
107.9:
586,2r1
306.445
3.904,240
20.671,796
20,533.652
306,161
3.057.8554
985,975
635,181.
18,849.0039
27,362,295
,12,435
454,9235
4,279,387


$69.240
644,483
d 670.116
- of*258
302,407
1.912.290
12,933.858
16.720,984
131.856
1.835,3141
794,194
102.965
1.344,427
15.501.743
67.183
269.684
93:.307


$121,044
1,518,596
2,013.721
303.990
293.650
2,754,140
13,171,443
14,439.46
211.853
1,925,094
778,593
276,460
7,710.611
171400,294
223,207
422.515
2.007.350


$72.799
2,723.492

919.000
167,400
3.3*7.ooo000
24.247.000
28,450,000
91, 423
2.894,524
2.137,000
74,561
9,715,000
38,186,000
37,421
252,457
2.080.000


$76,s874
3,874,885

814,000
13.000oo
2,644,644
40,.970,800
144067
4,013,80s
2,186,000
200,187
16.375,oo000
44.637.000
251,679
976,863
4.350,500


$19,700




1.417.704
8,225.100
511.964


750,000
35.000
1 -1.o I


*70.2E04
8,190.000
511,964


4.320.050
105,000
, 105,000


Western District Total ................. 367.,811.374 4o4,723,739 221,080,001 236.433.089 412.671.108 577,734,296 6g.841.016 66,317.332
Northwestern Region Total .............. 119,675.622 124.1492,940 73.,725.599 66,526,930 38,694.336 82.114.009 24,099.958 29488ss.o094
Chi ago and North Western ............... 17,993.654 19,797,972 14.336.285 13.737.961 8,343,913 13.645.000 7,021,544 13.717,905
Chicoago Great Vestern .................... 2.162.169 2,633.745 652,562 1,085,812 1,533,900 1,806,200 b86,455 686,460
ChicagO. Milwaukee, St. Paul and Pacifteic 23.749.869 27.050.,097 6.727,453 9.444.715 5,556,000 14,685.000
Chicago, Saint Paul, Minneapolis and Omaha 3,192,49 2,891.992 1,.294.610 896,208 6814,000 1472,000
Duluth, Missabe and Iron Range ........... .11,032.664 11.313.296 10.338,302 10.584,.170 6.700.475 7.040,528 6.168,750 9.253.125
Duluth, South Shore and Atlantic ...... 465,437 575.821 d 11.995 1 00 -
Duluth. Winnipeg and Pacific ............. 9,014 216.932 155172 1 -
Great northern ........................... 29,112,652 26.,843,176 23.339,855 1 .860,17 8,221,050 23.936,615 9.255.7149 5,013.144
Green Bay and Western ................... 75.632 147,559 50.086 62,553 195,011 220,847 125.000 125.000
Lake Superior & Ishpeming ................ 738.441 749,645 7145.716 752.648 460,924 478,058 321.300 321,300
Minneapolie & St. Louis .................. 981,607 1.400,848 971.385 1.299.395 541,248 1,258,203 450,000 300,000
Minneapolis, St. Paul & Sault Ste. Marie 2.571,152 5,382,463 2,363,085 s45.303 1,407,000 620,000oo
Northern Pacific ......................... 22.621,418 19,299,211 14,543.669 s.641,028 3.753.892 16.468.500
Spokane International .................. 213,787 196,879 116,591 97.981 163,428 99,914 71,160 71,160
Spokane, Portland and Seattle ............ 2,808.735 3,3148,249 d 49.797 1,683,209 1142,521 549,724
Wisconsin Central / 1 9................... 1946942 2,645.055d 1.00.0 50,942 990,974 833.420 -


Central Western Region Total ...........
Alton ** .................................
Atchison, Topeka and Santa 1e / .........
Chicago, Burlington & Quincy .............
Chicago, Book Island and Pacific ** ......
Colorado and Southern ....................
Colorado & coming ........................
Denver and Rio Grande Western ". .........
Denver and Salt Lake ....................
Fort Worth and Denver City ...............
Northwestern Pacifio ....................
Southern Pacific ........................
Southern Pacific Transportation system g/.
Toledo. Peoria & Western / ...............
Union Pacific.o ...........................
Utah .....................................
Western Pacific ..........................


Southwestern Region Total ..............
Beaumont, Sour Lake vWestern C .........
Burlington-Rock Island ..................
International-Great northern ..* ..........
Kansas City Southern .....................
Kansas, Oklahoma & Gulf .................
Louisiana & Arkansas .....................
Midland Valley ...........................
Missouri and Arkansas ...................
Missouri-Kansas-Texas ....................
Missouri Pacific ** .......................
New Orleans, Texas & Mexico ** ...........
Oklahoma City-Ads-Atoka .................
St. Louls, Browneville and Mexico .....
St. Louis-San Francisco ** ...............
St. Louis, San Yrancisco and Texas .......
St. Louis Southwestern .................
San Antonio, Uvalde & Gulf e* .............
Texas and New Orleans ....................
Texas. and Pacific ........................
Texas Mexican ............................


157.441,659 188ss,233,.735


-99.731,6D61122,037.52141262.336.21013149.286.l15 1 43.320.11891 314,613,2144


____ + 4 -4 1 4


3.254,035
32.112,474
26.082,796
23,011.922
2,045,763
193,660
5 1.152.459
820,477
1.950,135
516,610
30.234,083
42,67 .933
1,413,175
31,204,699
151.463
5.602.826


3.516.510
46,706,789
22,525.153
24,083.453
2,409,145
296,922
11.799.167
762.529
2,434.195
589,765
33.889,288
44,529,72
2,028,
31,112.401
113,508
5.966,3461


1,608.753
25.965.813
21.074.183
11,818,628
1,661,605
131.593
& 6.121.246
373.0681
945,981
9 a 5.91o
4.655,893
29,267.039
1,449,668
31,996.598
82.833
4,6814.166


-- -- .. .. .. .. .. .. .. ..i4


90,694,093 91,997.0641


779,588
430.503
2, 86.562
5.371.679
775.6141
2,184,405
234,1428
d 280.M1
5.962319
26,017,011
2.368,.417
133,181
1.860,744
12.915.918
294,558
7,800,121
a 429.111
12.437,85(1
8,666,436
325,116


5 a I 1 __________ .4. 1 .4. 4 .4.


675.998
518,993
2.875,396
5,092,774
827,423
2.0145,360
2014,227
174.,324 d
5.344,180
28.753.9fn7
3.924.352
297.908
1, 630.113
14.56.so,808s
341.924
8,860,057
10,640,435
5.599.958
428,812


1.988.578
40,202.557
16.450.361
10,528,820
1,911,1142
230,913
4,879.050
306.771
1.722,182
6.525.196
32.212.241
2,043.786
32, 572.587
43.990
9168,620


2,0o75.421
54,162,803
46,455,700
25.050,000
842.152
87,800
9.165,175
1,172,068

39,116,458
55,354.718
73.933,Ns0
,221,1000
10,221,153


3.444,527
117.909,566
39.512.153
25.500.000
1.104,098
44,900
3,165,500
1.988ss.697
58,163.674
86,631,933
91,000.000
7.153.ooo


147, 622. 796 1 47.969.6351111.6140.562 1146.,3"4.172


723.746
790,578
3.957.793
606.866
1,418.651
147,029
d 278.5.M
11.727,853
135,551
96,457
1,230o,174
3.534,1432
201,882
5.653,334
d 614,507
8,884,847
5.879.8714
197,710


581,360
7,956
797,049
3.353.386
652,959
1,2614,188
14.509
141,850
2,504,391
14. 202,7? 4
1.713.179
253,409
1,062,513
4,472,239
249,700
6.,612,615
d 570.67
7.115.962
3,145,121
294,152


1,888,000
1,659,000
3.320,000
606,335
3,721,201
18,561
4 121.424
10,960.,000
33.050,000
1,288,000
77,968
3.213,000
7.097.310
462,319
13,951,168
16,238,26o
14,118,074
98,790


3.896,803
2.306,542
5.870,000
614,729
3,861.o400
14,509
120.739
9,218,000
38.205,000
512.378
244,831
4,456,597
11,050,000
668,000
18,2k45,385
28,1468,259
18.401,000
180,000


14,026.090
4.,270,968





8,.488717
8,488,717
13.984.819
2.549.595


14,026.090






6, 602,335
6,602.335
13,984,819


1,420,869 2,215,994


315,Ou0
208,294
225.000




80,000





592.575


210,000
208,294
225.000










1.572.700


R* report of receiver or receivers.
** Report of trustee or trustees.
d Deficit or other reverse item.
87 Include Boston & Albany, lessor to New York Central R. R.
b/ Formerly included in report of Minneapolis, St. Paul & Sault Ste. Marie.


2/ Includes Atchison. Topeka & Santa Fe y., Gulf, Colorado & Santa Fe By., and Panhandle & Santa Ie sy.
Data not included in totals. Includes Southern Pacific Company, Texas and New Orleans R. Co., and leased lines.
Federal Manaxer's operations terminated 12101 a.m., October 1, 1945.
U.S. GOVERNMENTPRINTING OFFICE: 1948-0-657218


Page 2


i I I I i -


, I


I


U


-I-


i- -


-t


::L


:I


- I


1 r i s i s





re-, A7


Compiled from 132 reports (F,
(SWITCHING AND TERM


- w~-


UNIVERSITY OF FLORIDA

Subject to revision III II II 1111111 Il 1111 111 III INTERSTATE COJ
3 1262 08851 1984 BUREAU OFTRANSPQ

SELECTED INCOME AND BALANCE-SHEET ITEMT


Statement No. M-125
NOVEMBER 1945


F CLASS I STEAM RAILWAYS IN THE UNITED STATES


IBS) representing 136 steam railways
L COMPANIES NOT INCLUDED)


UNIV. OF FL LI.


U.S. DEPTO5 -Y


U.S. DEPOeITORY


1/Represents accruals, including the amount in default.
2/For all Class I Steam Railways the net income was as follows:
Period 1945 1944 Deerease
3 months ended November ..... $62,988,201 $180,410,675 $117,422,474
6 months ended November ..... 245,506,447 362,971,273 117,464,826
12 months ended November ..... : 1.62'.013 652..195g.42 100.570.Q29
The net income shown is after deduction of the following amounts taken out of operatic
revenues to create reserves for land grant deductions in dispute: Nov. 1945, $2,683,a
Nov. 1944, $3,811,594; 11 months of 1945, $40,597,149; 11 month of 1944, $41,930,710.1
income is also affected by charges to the amortization of defense projects accounts of
$31,638,077 for November 1945 and $233,272,509 for the eleven months of 1945 in excess,
normal accurals, and credits to railway tax accruals of $25,587,416 and $168,092,417, a
respectively, .resulting from the shortened period of amortization. *

f -


3/ For railways in receivership and trusteeship the ratio was as follows:
Nov. 1945, 1.06; Nov. 1944, 1.62; 11 months 1945, 1.45; 11 months 1944, 1.79.
4/ Includes payments of principal of long-term debt (other than long-term
debt In default) which will become due within six months after close of month
of report.
5/ Includes obligations which mature not more than one year after date of
issue.
6/ Excludes reports of 4 roads for the 1945 month and period and 3 roads
for the 1944 month and period whose net income (or deficit) was absorbed by
the controlling company.
# Figures include returns of the Western Pacific which emerged from trust-
ship on December 29, 1944.
a Decrease or deficit.


Al Class always Class I Railways Not in
All Class always Receivership or Trusteeship #
Income Items For the month of November For the eleven months of For the month of November For the eleven months of
________________________1945 1944J 1945 1944 1945 1944. 1945 1944
1. Net railway operating income--.. .. .- .- .. $61,316,789 $91,405,446 082,013,818 $1,033,355,585 $50,797,932 $75,365,803 $720,203,168 $831,992,914
2. Other income ... ....... .... -.. 19,713,219 22,829,860 169,227,295 172,170,131 18,302,712 21,443659 153,047,956 157,813,209
3. Total income ....... : 81,30,008 114,235,306 ,051,241,113 1,205,525,716 69,100,544 96,809,462 873,251,124 989,806,123
4. Miscellaneous deductions from income .....--------- ,187,452 2,547,286 28,395,872 35,423,171 2,766,958 2,079,065 26,365,354 29,211,411
5. Income available for fixed charges ....... 77,842,556 111,68,020 ,022,845,21 1,170,102,545 66,333.586 94,730,397 846,885,770 960,594,712
6. Fixed charges:
6-01. Rent for leased roads and equipment -.. ... 8,864,868 11,977,905 130,572,106 142,971,178 8,137,705 11,215,682 120,816,425 132,347,278
6-02. Interest deductions!/-...-.... .. 31,744,986 33,530,050 353,891,509 371,841,936 21,632,992 23,824,001 242,789,748 265,387,486
6-03. Other deductions... 115,990 118,558 3 1,239,761 1,4o4,504 99,941 103,175 1,048,207 1,212,491
6-04. Total fixed charges 40,755,44 45,626 3 485,702,36 516,217,618 29,70,63 35,142,858 364,654,380 398,947,255
7. Income after fixed charges----..--- ..... 37,086,712 66,061,527 537,142,865 653,884,927 36,462,94 59,587,539 482,231,390 561,647,457
8. Contingent charges .............. ---...- ..- .. 2,702,644 2,773,246 30,222,076 30,975,637 1,923,102 2,000,376 21,668,538 22,491,930
9. Net income 2/...--- ..---.... 3 4,4,068 63,288,279 506,920,789 622,909,290 34,539,846 57,587,163 460,562,852 539,155,527
10. Depreciation (Way and structures and Equipment).....-- 28,026,065 26,925,602 05,770,746 294,428,586 23,670,604 22,791,333 257,916,536 249,092,659
11. Amortization of defense projects-...............-.... 39,829,015 17,519,103 431,056,842 172,149,247 34,487,99 15,131,393 3 4,60,530 150,903,397
12. Federal income taxes ................ d 2 121 104,271,34 672,770,373 1,241,173,394 d 3,278,130 86,070,011 54, ,142 1,061,906,589
13. Dividend appropriations:
13-01. On common stock ...... ... .... ....... ... 51,053,777 64,208,633 13,965,14 173,805,532 51,053,777 64,20s,633 173,965,143 173,605,532
13-02. On preferred sto6k....................................... 6,479,931 10,277,006 2,825,994 49,671,657 6,479,931 10,277,006 42,825,994 49,671,657
Ratio of income to fixed charges_/ (Item 5+6-04)... 1.91 2.45 2.11 2.27 2.22 2.70 2.32 2.41

All Class I Railways Class I Railways Not in
All Class I Railways receivership or Trusteeship
Selected Asset and Liability Items *ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS6/
Selected Asset and Liability Items Balance at end of November lance at end of November

1945 1944 1945 1944
Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
Road- ........-.........-...... -.-- ...-.-- .-.- ....$--- ---- 213,703,555 162,874,776 Number of Number of
18. Expenditures (gross) for additions and betterments- rtorsts Amount orts Amount
Equipment -- .. ....... .... .. .... ..... 262,299,241 206,712,796 -------------reports Amouurmeports-
19. Investments in stocks, bonds, etc., other than those
of affiliated companies (Total, Account 707) -- 553,922,574 $587.399,902 524,470,798 $560,603,411 November 1945 88 $41,203,094 40 $6,819,026
20. Other unadjusted debits 202,128,703 169,962,928 115,102,168 115,096,344 November 1944 110 64,599,418 20 1,311,159
11 months 1945 109 527,417,789 19 20,497,000
21. Cash....... ................................... ......... 1,271,311,090 1,303,871,486 ,031,759,313 1,05,98,765 11 months 1944 115 630,463,336 15 7,554,046
22. Temporary cash investments... .. ...... 1,768,651,870 1,87,803,029 ,368,512,422 1,49,543,710
25. Special deposits.... -. --..--.- ...... ..... 205,316,089 204,239,775 J172,558,341 168,802,231
24. Loans and bills receivable.... ---------- 521,122 447,1886 516,877 446,266
22. Traffic and car-service balances-Dr --.. ,253,5 46,213, 28,9 3,077 34,532,402
2. Net balance receivable from agents and conductors 106,872,641 145,618,68 92,10,574 120,153735 NET INCOME ALL CLA 1S RAILWAYS
27. Miscellaneous accounts receivable ..-..-4....3.- -,474,923 606,617,664 N 397,341,8 4 8,72,808 AILWAY
28. Materials and supplies .63 ..... .....---274,805 608,486,548 -49,6809,674 505,170,010
29. Interest and dividends receivable ---44,789,03Z 39,177,537 g8,016,983 26215,369 MILLIONS OF DOLLARS
3O. Accrued accounts receivable .-- -- 2685804 1l 352,716,528 220,991,207 ,281,22,009
31. Other current assets --_. .-- .. ... 44,418 876 59,821,111 41,4b,637 56,195,259
32. Total current assets (items 21 to 31).........-- 4,864,688,296 5,257,013,040 892,096,989 4,187,752,564 1 ,o -
40. Funded debt maturing within 6 months 4..................... 216,906,604 252,661,932 208,666,175 244,955,104 |OO ..- . .
41. Loans and bills payable/ .---.-- ..-- .-- ..... 11,207,419 11,588,386 7,25,000 7,750,000ooo
42. Traffic and car-service balances-Cr 168,667,205 204,975,3368 ,137.394,312 170,269,730 80 .1. ._-
43. Audited accounts and wages payable .......522------ 5273,69,660 532,2 7,732 4,6 60 450,242,64
4. Miscellaneous accounts payable .. ... .. .. ..... 19015,7 54,75,05 1 5,318 123,716,616
45. Interest matured unpaid -- 56,500,45 50,246,27 -- 41,240,312 37,298,913 60 -. (po ,O--- .-2 5---
46. Dividends matured unpaid 8,1-,890 7,595,797 7,8581,013 7,315,781
47. Unmatured interest accrued. 65, 90 76,093,923 64,217,662 72,779,129
4.. Unmatured dividends declared ............... 74,91,05 77,80,792 74,98,405 77,08.72 40 .
49. Accrued accounts payable. ----....---- .------ ------------- 18,55,3 259,89,265 172,70,9 1,98,7,6, \
50. Taxes accrued ........... .-...... 1,3-- -0,-4,623 1,940,424,958 -107,170,669 1,66-,472. 0
51. Other current liabilities .. -..-.. ................. 1069,959 76,631,079 135,6 17 6,02,087 -
52. Total current liabilities (items 41 to 51).. 2,796,370,277 3,391,676,583 | 1 0,360,315 2,865,481,124 O
53 Analysis of taxes accrued: 1 JFMAMJJASONDJFMAMJJASONDJFMAMJJA5OND
53-01. U. S. Government taxes....- ----- ... 1,190,27,208 1,798,090,832 5i98,991,115 1,547,040,942 1943 1944 1945
53-02. Other than U. S. Government taxes. ...-- 140,216,415 42.33,16 o,179574 109,43,126
54. Other unadjusted credits........-....-...--..- --.-- ....... 418,108,062 356,324,799 330,903,104 282344,355


kERCE COMMISSION
ECONOMICS AND STATISTICS








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR THE ELEVEN MONTHS ENDED WITH NOVEMBER 1945 AND 1944


'*.


Page 2


SiT RAILWAY OPERATING on IECCO1ME BAX S L I00 DIITID a D NT BILMAT COPIAING MM ITN iISBN" INCOM DIVIDZID
oE A L 1 10TA X S P t 1 0m G 1 1 0 0 1 1 1 2 1 1 0 0 1 A P P R O P R I A T ION S
Region and railway __ ___ ion and railway
S1945 1944 1945 194 1945 1944 1945 19 145 1944 1945 1944 1945 1944 1945 1944

United State. Total a.................. 882.013.818 $1,033.355,585 $506.920.789 $622.909.290 $672.770.373 $1.241.173.394 $216.791.137 t 23.477.189 Southern Begion Continued
astern Ditrict Totil ............... 316.796.870 370.609.,456 161.399.322 198.454,700 95.8ss.463 296,105.738 66.091.316 66.68.58 Columbue and Greenville ................... $43.823 $1O6.649 $65.826 $129.485 $72,799 $82.474 $19.700
SFloritan ast Coast 60..................... 4,433.875 5.575.142 657.976 1.593.194 2.723,492 4,120.85
New Ealand Region Total .............. 28,301,252 33.047.748 13.663.316 17,593..424 12.159.493 20.17.863 oo00,h61 434.3 aeor st R.R. Ls es Organisation ........ 1.75,954 2,776.901 2,230,462 -
orgia Floidat ...................... 4910 119.108 74902 613.374 -
Bangor and Aroostook ................... 1,164.325 1.324.021 703.420 835.545 1.281.734 1.71.m246 334.950 334.950 Georgia Southern and florida .............. ,536 648.281 433.639 338,01 974.000 90,000 -
Boston and Main ........................ 6.993.615 9.243.560 3.198,406 5,186.658 2.653.496 4,149.778 -. Gf and Ship Island ...................... 310.316 246.580 30.801 236,203 187.400oo 13.000
Canadian National Lisne in New ncgland .. 835.49 1.022.763 i 1.011.762 1.19.176 Gulf, Moble and Ohio ..................... 2.781.499 4,256.474 1.573.889 2.997.482 3.347.000 2,896.644 1,417,704 $709 $ 0
Canadian acifin Lines in Maine ........ .. 1.056.12 1.095.432 Illinois Central .......................... 20.926.797 22,483.585 13.303,126 14.238.759 25.217.000 33,688.000
Canadian Pacific Lines in Vermont ....... 1130.0 9 07 Louisville and Nashville .................. 21.745.165 22,6 1.858 17.978.842 16039.841 29.419.420 45,013,.220 8,225,100 8,190,000
Central Vermont ......................... 83.027 83212 1 1.389.14 d 610.5 1 2.422 148.075 Mississippi Central ....................... 211.698 335.056 119.226 231.253 81,448 158.555
Main Cntral ........................... 1.583.831 1.632.05 554.244 61129 298.327 1.328.235 65.511 99.593 ashille, Chattanooga & St. Lo i.......... 3.007.573 3.368.459 1,774.34 2.113.092 2416.905 4.174.914 511.964 511.964
oe Tork Connecting ..................... 1.912.332 1.522,860 1.025.198 56.575 26486 355.000 New Orlans and Northeastern .............. 1,050.S25 1.094.545 829.123 866.989 2.237.000 2.,419.000 -
N York, N Haven and Hartford ** ..... 17607.899 19.297.398 11.106.55 12.115519 7.900 12.685.529 Norfolk Southern ............................. 46,442 690,781 91.796 301.499 66.473 218,31 60.037
Rutlan .............................. 134.556 0.384 52.590 215.76 aboard Air Line ........................ 17,362.385 20.654.13 1.085,868 8.313.280 9,815.000 17.775.000 -
Southern .................................. 26,533.259 30.080,914 16,667.363 19.116.046 39.956,000 49,255.000 750.000 4.320,050
Great Lakes Region Total .............. 114.145.9 1245,889.103 53.541.348 71,002.204 8.569.112 122.766.012 19.620.836 20.294.486 Tennessee Central ......................... 271.656 391.431 65.075 183.709 21.450 2.128 35.000 o105.000
Western Railway of Alaba ................... 334,086 488.895 302.408 454,078 316,941 1.032.936 180.000 105.000
Ann Arbor ................... ...... 626,100 626.413 411.459 404,458 312.116 349.011 Tsoo and Mississippi Valleyr .............. 3.428.079 4.493.534 996.202 2.005.714 2.196.000 4.231.750
Cambria and Indiana ..................... 540.235 601,49 520.798 575,918 816.266 507.201 180.000 180.000 *
Delaware and Badson ..................... 2,672,008 8.08,1431 267,432 4,996.690 98,909 1,402,000 eastern Ditrit Total .................... 88,046101 447.203.231 233.285.599 269.652.93440o6.086,075 635.130.148 8.727.708 88,403.707
Delaware. Lackavanna and Western ........ 4.539,606 5.624.438 1 593178 d 183.783 1,310.294 -
Detroit and Mackine .................... 62.950 61.712 1,300 d-9 r0 Northwestern Region Total ...............124.772.333 135.595.451 77.658.211 74,762.742 29.72.691 89.102.016 224,249,958 38.132.417
Detroit and Toledo Shore Line ........... 479,148 634.365 30.,45 531.779 295.232 477.853 220.000 280,000 N--------
ri .................................... 13.595.326 17.852.716 6.675.617 6.970,124 104.917 12.376832 4.472.819 4,472.819 Chicago and North Western .................. 18.746.100 21.728.041 15.290,081 15.130.488 5,953.913 15.245.000 7.021,544 22.372.055
Grand Trunk Westrn ..................... 4.386.60 4,930." 506,234 993.67 14.05 61,667 Chicago Great Western .................... 2,396,687 2,885.969 733.423 1,182,358 1,583.900 1,956,400 686,455 686.460
Lehigh and Hudson River ................. 238.01 238,994 258.225 261.440 20.,122 35451 94.140 94,140 Chicago. Milwaukee. St. Paul and Pacific *" 25,674,638 29.911.641 7.026,361 1051,866 2,92,000 15.757.000 -
Lehigh and Nov ngland .................. 842.847 1,207.704 623.632 966.338 366,851 637.500 680,000 Chicago, Saint Paul, Minneapolis and Omaha. 3.377.129 3.302.301 1,288.576 1.111.415 666000 517,000
Lehigh Valley ........................... 4,939.642 12.24 38. 1 1007 2.698,272 18 1,511000 Dluth. Misabe and Iron ange ............11208.593 11.693675 10,449,277 10,893.981 6767.369 7.223.547 6.16,750 9.253.125
Monongahela ............................. 937.742 1152,386 87 699.520 356,834 662.405 Dlth. South Shore sad Atlantic.** ....... 480,846 67.45 375.756 18260 -
Montour ................................. 629.186 721409 623.338 707,679 6.365 507,84 510.000 Daluth. Winnipe and Pacifie .............. 14,864 179. d 38 .689 -
ew York Central / ..................... 50,500.694 61,506,670 26.599.466 33.652000 9.356.851 59.008070 9,671,091 9,671.091 Great Northen ............................ 29.115484 28.736.275 2,2,089 20.202,010 4.573.675 26,335,153 9.255.749 5,003.317
ow TYork, Chicago nd St. Louis ......... 12,456.914 10.2.4892 8260,798 6,573.111 d 6.964.709 17,461,000 Grn Bay and Vestern ..................... 94,026 143992 63.369 48,289 211.672 228s,47 125,000 125,000
New York, Ontario and Western so ....... 1 013.129 71 .012 23.770, 2 Lake Superior & Ishpuing ................. 775,192 780,521 783.208 790,410 460,924 478,058 321.300 321.300
Nw York Susquehanna and Western ... 71.497 837.726 50,96 45389 253,046 Mineapolis & St. Louis .................... 860.004 1.525.467 84,270 1.413,078 411.241 1,452,203 600,000 300.000
Pere Marquette......................... 3.662,771 4,654,519 2,188,847 2,761,409 20628 2,853,468 420,000 Minneapolie. St. Paul & Sault Ste. Marie .. 2,897,407 5,597.369 2,672,372 962130 1.637,000 720,000 -
ittburh and Lke Erie............... 4.077,535 4,988,345 3.596.259 3,938.29 2385228 5.278,397 3,45,600 4.318,250 Worthern Paci te .......................... 25.215,055 21,643.421 15.920.760 9975,527 3325,892 17.483.500 -
Pittsburg nd shaowmt ................... 192,886 203.091 92,899 110,947 _4 94 22,411 pokene International ..................... 236,548 220.193 129.869 112,559 169. 145.773 71,160 71,160
Pittsburgh and West Virginia ............ 1.136.891 1.02.o435 582.046 1.314.939 38887 180.370 pokane, Portland and Seattle ............. 2.140.379 3.770,775 1.00.388 1.922,238 4.962 616.115 -
Pittsburg, Shawnut and Northern ....... 152.21a 979.78 28.3895 215.718- Wisconsin Central ~ .................... 1539.381 2.29.039 d 1,60b ,611 877,000 990,974 9143.120 -
Wabash.................................. i.267.600 5,703.697 5,- 3.6 12.585.382 16.743.994 598.186 598.186
Central Western Region -eTotal.............165,91g4.267 209,0243,98 lo0.838122 12o0o990,69 260.950.272 385,210,813 57,172.227 47.522.092
Central Eastern Region Total .......... 174,350,159 191.672.605 94.194.658 109.859.072 74.559,858 .52,921,863 46,070.019 45959.29 6709 3910696090210.1357.172.22747.522092
Alton .. .................................. 3522931 3961,546 1.706,316 2.277,649 2.094.383 3.720.159 -
Akron, Canton and Youngstown ............ 401.305 681763 221,338 k444094 180,065 340.4t4 330.570 220,30o Atehison. Topeka nd Santa Fe / .......... 34.899.702 5,374,977 28,031.4g4 47.263,157 57.66.520 127.374.566 20,771,000 20.771.ooo
altiore and Ohio............. ........ 39.844053 40.430.791 19.954.235 2.1. 4,45 16,635.230 30,504.955 hicao, urlington Quincyr .............. 27.402,167 24,955.681 21,7.157 18.317.711 48,376.200 44.31.553 4,270.968 -
Bessemer and Lake Erie .................. 3,567.167 4,081,953 2,290.128 2,713.25 1.572.638 1.803.826 Chicago. ook Island and Pacific" ....... 24,657,170 25.530.430 12.397.953 10,868,317 26.550,000 29.000,000 -
Central R. R. of New Jersey ........... 4,062.370 5.252,800 204,896 1.330,405 9,511 1.055.522 Colorado and Southrn .................... 2,320,688 2,705.904 1.897.332 2162,80 978,817 1.217.60 -
Chicago & & astern Illinois ............. 2.366.838 2.702.335 1,030,829 1,30.997 254,400 2.693,669 767.726 767.726 Colorado & yomitng ........................ 212,963 319.889 144,623 247,330 96.500 55.900
Chicago & Illinois Midland ............... 81.592 892,382 55.363 598.314 717,800 1.329.184 Denver and Rio Grande Western .......... 12.672527 4 6 202 975 5,24.749 9.415.675 3.873,700 -
Chicago. Indianapolis and Louisville ** 1678.645 2.70898 430663 84,811 185.869 661.1 Denver and Salt Lake....................... 916425 835.202 427 333473 -
Detroit. Toledo and Ironton ............. 1,345.332 1.90.088 88224 1,438157 575,601 711. 981.328 981.328 ort north and Denver ity ................2.177,830 2.795.256 1.080.655 1.987,620 1312,476 2.16.119 -
Ilgin. Joliet and Eastern ........... .. 2.784612 3.311.820 2.186.463 2678.102 1,654.740 2271.626 3.820.000 3.820.000 northwestern Pacifice ...................... 441,049 610.061 73.661 628.98 -
Illinos erminal ........................ 1.121.634 1,311.789 624,875 792,629 1,089,800 2.202.402 375.000 375.000 Southern Paciic .......................... 30,425.836 36.001.278 6.32220 12.9 530 32,851,282 63.051.208 12.261,0 9.431.90
Long Island ............................. 3.113,541 2.779.358 1404.599 1.101,520 503.939 533.299 Southern Pacific Tranportation System .. 43.830.583 47.893.350 29,876.907 34.005,593 49,287.602 94.419,477 12,261.480 9,431.908
Missouri-Illinois ....................... 387.697 536.861 386,502 496,732 727,400 522,800 Toledo, Peoria Western .............. 140 5 2215709 1:,460,108 2,231.533 -- -
Pennsylvania ............................ 91.550,367 101.5714 51.685,634 61010.19 37.806.798 86.572.009 32.919.385 32.919.385 Union Pacific ............................. 31,539.744 34.20.032 31.886.767 36,056.940 71.273.866 103,000000 17.319,184 17.319.14
Pennsylvania-Reading seashore ........... d 190318 527,924 d 1.097.910 269.57 36.662 293.179 Uta ...................................... 177,169 124 74 102488 .221 69400 -
Reading ................................. 12.148,766 13.023.889 7.487.97 781207 6.180952 11.447.600 348,046 3.848.046 Western Pacific ........................... 6,50499 7735 5490.88o 4675.29 10.285.153 7.453,000 2,549.595
Staten Island Rapid Transit ............ 705,422 988.573 207.869 d 36.598 188.453 305.830 -
Western Maryland ........................ 5.949.885 6309.745 ,296.453 3,656.137 3,011.000 3994,000 1,241,947 1.241.947 Southwestern Region Total ............... 97.359.501 102563.792 49,789.266 53.899323 115.407.112 160.817,319 3.305.523 2.749.198
Wheeling and Lake Irie .................. 2,664,251 2,991,488 2,42,483 2.690.013 2.901.000 5,679.000 1.76.017 1,786.017
Beaumont. Sour Lake & Western *0 .......... 848.810 715.287 788.751 619.337 2.035,000 4,204,776 -
Southern District Total ............... 177.170.847 215.542.98 112,235.868 154,801.656 171.395.835 309.937.50M 65,972,113 68.384,624 Surlington-ock Island .................... .448,633 547.205 d 111.382 13.89 -
nternational-Great Northen s .......... 3.189,069 3.164,898 s2 1,924.000 2..55842 -
Pocahontas Region Total ............... 49.312.331 63.917.883 42,870,178 61,173.813 28,218.460 92,849.107 46,198.673 45.979.752 ansas City southern ...................... 6.129.655 5829.633 4.574,433 3.899.399 2.890.000 6.170.000 315.000 420,000
Kansas, Oklehoa Golf ....................38,779 919,278 658,061 727.557 657,209 683,164 531.2498 531.498
Chesapeake and Ohio .................... 18.879.075 30.723.024 13.573275 25.531.069 7.860.398 38.380.425 26,239.870 26,800.739 Louisiana Arkansas....................... 2.356.197 2.315,180 1.512.419 1455.389 3.845.802 4,537.400 225,000 225,000
Norfolk and Western ......................... 21913.148 23.67.928 22,623.034 28.058.570 29350.000 38.660.000 14,724,320 14726,318 Midland Valley............................ 251.453 227.255 41.652 15357 7082 15.357 -
Richmond. Fredericksburg and Potomac .... 1.965.420 2,948.821 2.065.329 2,985,916 5,804,792 11,996,112 430,032 430.032 Missouri and Arkanse ...................... 10279 177.512 1 00 410 lhs.4 1 35 127.4 120,739 -
Virginian ............................... 6.559.688 6,571.110 4,60,9540 4.598,258 924,066 3.812.570 4,o802.451 4,022.663 Missouri-Kane-Texae ..................... 2 3~ 6,905.284 3.731,983 3.802,215 11.301000 9,218.000
o is ._ louril Pacific ......................27,980,433 31.400,.019 12.249.272 15.299,921 34.050,000 42.705.000 -
Southern Region Total ................ 127.858.516 151.625015 69.365.690 93.627.843 143.177.375 217.088.401 19,773.440 22404.72 Nw Orleans, Texas & Mexico ....... 2.619,933 157974 1,890 1724,958 1328,000 46,373 -
Oklhoma i 0ty-Ald,-Atoka. ................... 157,19 324,863 116,552 276.084 62,293 266,076 so0.000
Alabama Great Southern .................. 1,486.822 1.735.227 1.10.386 2,047,522 3.332.000 4.,502,000 2.0172.63 2.017.863 t. Louis.,78rownsville and Mexicos .o.. 2,002578 1.749.300 1.306,846 1.121,435 3.376,000 4,869,284 -
Atlanta and West Point .................. 276.619 368.225 303.769 388.352 392.026 1,030.432 123.180 61,590 St. Louis-San Franeisco .............. 14,034.978 15,896,582 3,671,094 5.185.101 7.628.810 12,173,000
Atlanta,. Birmingham and Coast ........ 236.010 349.759 249.597 382,95 420.000 St. Louis, Sn Francisco and Texas ........ 314,216 366,830 212,127 265,234 48.469 693.000
Atlantic Coast Line ... ................. 6,809,685 11.984.783 s8,4194.98 11727,023 13,900.000 34,200,000 3,096.982 2.480.117 St. Louis. Southeastern ** ................. 7.183,623 9.851.511 4,819,791 7.388624 14,674,687 20.524339
Central of Georgia ** ................... 4,808.,893 5899.645 578.366 1,244,114 637.441 1.740,076 San Antonio, Uvalde & Gulf ............. d 451.201 416.152 d 654.770 1 60 50w -
Charleston & Western Carolina ........... 301,020 684.833 51.832 433.128 130.000 485.000 144,000 144,000 Texas and w Orleans....................... 13.404.746 1189272 9.01763 8 005 16,436,320 31.368.269
Cincinat, New Orleans and Texas Pacific 3.959.678 4,511.502 2.422.030 2,992,415 5.236.000 7,862,000 3.251.947 3.700.447 Texas and Pacific ......................... 9.584,728 6,162,.19 6,48.166 3.464,973 14.721,074 19,864,000 2.154.025 1.572,700
Clinchfeld ............................. .590731 5.639,535 3.636.578 501.580 635.069 Texas Mexican ............................. 34500ooo 377,112 206.325 230008 108,790 200.000 -


* Report of receiver or receivers.
** Report of trustee or trustees.
d Deficit or other reverse item.
Includes Boston & Albany, lessor to Nev York Central R. R.
Formerly included in report of Minneapolis, St. Paul & Sault Ste. Marie.


e/ Includes Atchison, Topeka & Santa Fe By., Gulf, Colorado & Santa Fe 4y., and Panhandle & Santa eo Ry.
_/ Data not included in totals. Includes Southern Pacific Company, Texas and Nev Orleans R. Co., and leased limae.
F Federal Manager's operations terminated 12:01 a.a., October 1, 1945. u. S OvNmM NTIu N rn OFFtr *i -ai1






9L 61-If


UNIV. OF FL LII.
DOC DTL PT.





U.S. DEPOCTOf Y


UrIVERSiT y .:.F FLC'PPiA

1111 11111IIII III 11111 11111 11 1111 11 II 11111 I II 1 IllI II II I111
3 1262 08851 1992


CRCE COMMISSION
t4OMICS AND STATISTICS


Statement No. M-125
DECEMBER 1945


SELECTED INCOME AND BALANCESHEfE IS0F~LASS I STEAM RAILWAYS IN THE UNITED STATES

Compiled from 131. F yewttPa)ts i representing 115 steam railways
(SWITCHING AND TERMIN L COMPANIES NOT INCLUDED)

Class I Railways Not in
All Clas.I 1lU*aays Receivership or Trusteeship#
Income HIteM- For toe month of Dembear ,Mr the twelve s.Bntns of For the month of December For the twelve months of

1945 19414 1945 1944 1945 1944 1945 1944
1 J B g r4' 7 ay 7orerat1n ,ncome d 36i.840.2 $72, 97 "6l ,2891,690 11,106, 27,151 d 6,.739.647 $65,738,274 8744,,248,276 (927,642,831
20 C nu~IW 39;31.2 S w4 1,98 ,76,3 21, :0,755 28,05E,525 35,797,182 199,233,270 195,850,185
2 rTs al income. ts d 5,9 2,398 1 2 722, 0 ,269,3 1,317,807,906 21,326,78 101,485,1456 932,11,546 01,123,493,O1
4 M,scellaneous do-, from incomE 10,191,763 6 ,t173 ...,587,63b 44.717,340 1,780,172 5,875,109 28,266,195 35,705,567


36, Di1 1 p0221 7; 7 1 76 1 4
E- i Rer t for iea a ruo.e an.3 eulpmrL 10,270,091. 1, 2,7 140,842,199 156,442,968 9,779,392 12,65,0OO 11,611, 6,227,776
u e ra t t1t :63 38,547.gl6 65,725,100 11,739,768 1,0 ,958,039 26,275,55 22,791,145 21,730,560 299,808,214
102. --1 491,O02 1,606,92126, 183,175 1,29g,6614 1,1409,397
6-04 1 'a .r7s0 1.o oo77, o 89 0, 17 ,009 0 ,087 U 9,8; 9,320 1404,6;14147,445,397
I.lcmE i fr 1d -.rrd- d 6-,220. 57,257,709 z .I ,798 711,42,638 d 6 59,771,027 499,579,719 640,3142,062
6 1.:.n,rnt --.r :rrE- Uld 5,206 12,812,169 4 222 120 5,086,970 62d11,417,39,821,380 :50o2,181 14l,9 3,585
CrNe i co mc, 7,675,905 41: ,42 ,9605 ,381,678 .6',055,668 d 146,9149,6147 4514,5$47,238 595,3 8, 77
10 Ctprsc1a31or, Qfvi. ro nci lJr.',ure: 3fLr Equipmenti 28,465,582 28,726 ,31 31;1,.236,912 'D7 155,416 241467 2,0 79 2,75,140 23,4a93,1446
11. A i*,rt0zst9on or 6fneep9rojects........................ 18,899,4945 9,0 98,743 324:66,217 1,7275,6 713,520,1 2 169,644,975
12 Federal income texesd.3 r 36 ,01",,l41 62,722,100 307,383,5698 1,30"1,95,493 316,788,273 45,139,810 22 ,701,305 1,122,803,398
13. Dividend appropriations:
13-Ol. On common stock- 31,04 4191 17, 55956i 2b5,007,123 191,401,097 31,041,981 17,595,45 205,007,123 191,401,097
13-02.Dn preferred stobk 5,622,799 1.95R,46 _48,14148,793 514,577,119,5,622,79914,905,1486,448,793 541,140119
Ratio of income to fixed charges 3/ (Item 5-6-04) '- 2.17 1.94 2.26 0.54 2.67 2.23 2.43


Selected Asset and Liability Items


All Class I Railways


,-Class I Railways Not in
Receivership or Trusteeship #


Balance at end of Decesmer I balancee at end of December


-I I t


Expenditures (gross) for additions and betterments-
R o a d ........... ....... ........ ........... ... ... .............................
Expenditures (gross) for additions and betterments-
Equipment ....... ..... ... .
Investments in stocks, bonds, etc., other than those
of affiliated companies (Total, Account 707).
Other unadjusted debits..
Cash .. .... .................. .. ..... ......
Temporary cash investments..... ..
Special deposits
Loans and bills receivable ..
Traffic and car-service balances-Dr ...
Net balance receivable from agents and conductors
Miscellaneous accounts receivable
Materials and supplies...
Interest and dividends receivable
Accrued accounts receivable
Other current assets
Total current assets (items 21 to 31)


40.
41.
42.
147.
46.

U49.


4C-


Funded debt maturing within 6 months4.
Loans and bills payable 5/ ........---
Traffic and car-service balances-Cr.
Audited accounts and wages payable
Miscellaneous accounts payable
Interest matured unpaid
Dividends matured unpaid
Unmatured interest accrued
Unmatured dividends declared
Accrued accounts payable
Taxes accrued .........
Other current liaobiities
Total current liabilities (items 41 to 51)


53. Analysis of taxes accrued:
53-01. U. S. Government taxes
53-02. Other than U. S. Government taxes
54. Other unadjusted credits................ -


$240,132,617
309,356,359
71,812,716


968,456,129
1,593,176,573
18 797,701
520,368
106,889,955
493, 8627
595,759,037,
29,730,419
27 928,181
82.665.042


931,868,523
1, 8333 2,77
1'048, 055

6o19o6o
6 .00
2319 0


1;L'Is 1000
199,64,0TO
A 0.155,
1 8,3 0"
05
7
244 ON
6 11
C I )
Ito,


4198,720,668
262,483,717
542,813,582
85,393,936


170,730,293
518 846
,",26,921,107
94, 973,578
397,194,749
-r 5!3,588,019
24,222,861
237,991,551
12 ,Q39 979


V03:M39`


757,701,077
1, 138,
188,831,186
3 451
34,957 396
16 301,;4
500,215,928
25 6662,
2 : 56240
s280,888,261
U o a 0QO


S -, 4-4 W--., -------


14,806,350,764


3,590,724,501


-I-------------.------------------ --t-I-- ------- ------------


109.149.719


115.813.432


103,193,897


___________________ l~ .I. -I


ii,1014,05
152,1472,8H*
1481,227,14414
1814 7?3,ooi


1 95 2491,0


2,120.736.977


3,301.353.013


S7,250,000


1. 1,602o2
56 42
27:749,617
:182,308:260
, 117,725,119


1.785,576,920


11,1- - - I


1 ,2614,6514
li:359-,92
1407,813, 2J4


^58668,29
S- 95,506,219
: 328,014,255


3,978,895,332


110,031,514


7,700,000
167,222,234
374,268,998
14,488 ,974
60 ,730,17
15 0o5,475
52,929,155
22,542,703
21,8,322
1,148,812,352
100,377,089


2,584,923,419


1,341,697,847
07, 114 ,15
265 ,428,952


____________________________________ I __________ -


ANALYSIS OF NET INCOME--ALL CLASS I RAILWAYS 6/


Period


December 1945
December 19: 4
12 months 1945
12 months 1944


Railways Reporting a
Net Income


Number ofI Amount
reports Amount


5 $38,769546
S 76,217,211
10 499,704,063
114 673,187,302


Railways Reporting a
Net Deficit


Number of Amount
reports Amount


NET INCOME ALL CLASS I RAILWAYS
MILLIONS OF DOLLARS

Sl I 0....

,oo ...... ..



CoO ..
10 0 L-- ---- --



0


JFMAMJJASOND JOJF MAMJJJASONg
1943 1944 1945 deficit


;/Represents accruals, including the amount in default.'
2/For all Class I Steam Railways the net income was as follows:
Fercod 1945 1944 Decrease
1 montnrz, noted December .... d .4 180.3 4 $168,700,55 17,80,90
12 months enaed December .... 3 344, 221, 411
1 onhE enae December .... 666,5,668 21867990
The not Income shn la after deduction of the following amounts taken out of operating
revenues to creats reserves for land grTnt deductions in dispute: Dec. 19145 .93804
Dec. 19$44, 64,582,125; 12 months of 1945, (48,339,866; 12 months of 1944, I464,59,j0 .
Net Income Is also affected by charges to the amortization of defense projects afaounte
of $376,584,856 for December 1945 and (593,&4,938 for the twelve months of 95 ino X- .
nees of normal a1oruals, and credits to railway tax ecnruale of $264,106,376 an&
1433,867,450, respectively, resulting from thbe shortened period of amortizati,.


31 For railways in receivership and trusteeship the ratio was as follows:
Dec. 1945 income deficit; Dec. 1944, .81; 12 months 1945, .94; 12 months
1944, 1.66.
4/ Includes payments of principal of long-term debt (other than long-term
debT in default) which will become due within six months after close of month
of report.
2/ Includes obligations which mature not more than one year after date of
Issue.
V/ Excludes reports of 4 roads for the 1945 month and period, 2 roads
for the 1944 month, and 4 roads for the 1944 period, whose net income (or
lefleit) was absorbed by the controllinG company.
0 Figures include returns of the Western Pacific whioh emerged from trustee-
shin on December 29, 1944, and the Chicago, Milwaukee, St. Paul and Pacific
hclch emerged from trusteeship on December 1, 1945.
a Decrease or deficit.


- ,


1


754f6l
to 9


-I-


IIr


I -


--------------


I I-


4m r


32-


------------


Subject to revision


$113,425,451
91: 792,271
7,131, '9, 9U


- --- Vm- -








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR ME TWELVE MONTHS ENDED WITH DECEMBER 1945 AND 1944


Page 2


N RAILWAY OPERATING NET INCOME FEDERAL INCOME DIVIDEND RET RAILWAY OPERATING NET INCOME IDIERAL INCOME DIVIDEND
INCOME TA ES APPROPRIATIONS INCOME TAXES APPROPRIATIONS
Region and railway R region And railway
S1945 19144 1945 19144 1945 1944 1945 19144 1945 194 1945 1944 1945 1944 1945 1944

UniLed State .Total ........... ..... ... 850.23.690 $1.106,327.151 447.384.678 1666.055.66 $307.383.568 $,303.895,493 $253.455,916 $245.978.216 Southern Region Continued
astn District Total a .......... .... 289.80S.600 384.,885.593 120.350,840 198.216,529 d 65,7148.147 297,690.555 80,274,139 72.350,088 Columbus and Greenville ................... $33,008 $60,943 $56,673 $84,955 $62.948 $135.574 $19,700
lorida East Coast ..................... ,1401,728 5.951,599 d 76.325 1,633,487 2.216,057 14,403,885
Nev Rngland region Total ................. 17831,437 35,039.553 3,681.342 20,826,512 d 716.665 21705,592 400oo,461 434,543 Georgia R.. Lessee Organiaton......... 956,779 2879.839 -
"ao n8- 2 9Georgia & Florida. .......................d 30.84 113,059 d 771178 668.542
anor and Aroosoo .................... 1.232,913 1.455.316 7147.104 914721 850,125 1,980,371 33.950 334,950 Georgia Southern and lorida ............. 85. 80.422 44,087 09,522 903,360 902000
oton and Mane ......................... 3.560,677 10094.131 56982 5,64.556 3.335 3,366,921 Gulf, Mobile and Ohio ..................... 2762,860 4,624,909 1,38,112 3.158,1452 306,95 2.989,644 1,417.707 1,1417.656
Canadian National Lines in ew England .... d 884.114 d 1.072,413 23,113 17 Illinois Central .......................... 20,331.845 24,885.452 10,683.748 15.93,523 21,331,746 36,892,765
Canadian Pacific Lines in Maine ........... 1,128.494 1.178 4 Louisville and Nashville .................. 22,701.472 22,637,129 17,536.341 18,607,778 19,613.075 51.1455.651 8,225,100 8,190.000
Canadian Pacific Lines in Vermont ......... d 247.216 d 102990 Mississippi Central ....I.................. 219,052 166,389 117,306 253,067 57,021 164,007 -
Central Vermont ........................... 49.378 82,02g4 d 1.084.5 76.670 8.122 163,060 Nashville, Chattanooga & St. Louis ........ 3.179.777 3.,98.204 1.838,971 2.342.433 d 3.207.477 4,154,742 511.964 511.964
Main Central ............................. 1,51 '4833 1.880.732 628,710 715,232 0 35.70 1,292,028 65,511 99,593 Nev Orleans and Rortheatern .............. 1,039,710 1,196,002 797.645 48,.466 2,151.000 2,629.000
ew TYork Connecting ....................... 2,1143,161 1,555.014 1,178,806 504.21 266 300,245 Norfolk Southern ............................. 9336 682,845 11,663 197,022 8.,652 220,437 60.037
NHe York. eNw Raven and Hartford ** ....... 10.552.809 20,146,318 3,596.689 14,071,121 d 1,516.053 14,602.967 SeaboardAir Line ....................... 8,156,16 22,300,395 i 13.847.982 5.242,493 18.500,000
land *................................. d 219.1498 3,851 639073 d 319.189 Southern .................................. 26,817,767 33.415.840 16.298,721 22.261,814 29,004,700 52.357,000 6.894.600 10,464.650
Tennessee Central ......................... 284,767 376,707 59,110 149,844 d 9.538 251,959 35.000 105.000
Great Lakes Region Total ................ 106,203,672 149.158.16 39,960.551 73.529,935 d 57,125.100 116.513.289 23,376,241l 23,054,819 Western sailway of Alabama ................ 382.,321 523,357 347.556 486.357 401,081 1,093.561 180,000 210.000
Ya--Tzoo and Mississippi Valley .............. 3.525,633 4,268.574 860,502 1,554.336 1,335.660 5.112.258 -
Ann Arbor ................................ 564,372 665,324 331.123 1423,121 212,866 334,055
Cambria and Indiana ...................... 591.,059 652.69 570.381 625,071 866,115 839,041 540,000 5o,o000 Wetern District Total .................. 392.405.2142 487.758.922 234,817,960 302,885.300 277.800,958 675.261,201 95.973.571 96.569,699
Delaware and Hudson ....................... 3,004,621 8.848,260 418.853 3.965.465 181,217 1,091.000
Delaware, Lackawanna and Western ........... 2,3147,901 6,420,112 d 3.292.145 87,181 d 2.569.836 1,161.759
Detroit and Mackinac ...................... 82.830 65.267 8 2371 a 19.439 Northwestern Region Total ............... 119.404.704 14,456,197 78,259.158 80,398,727 6.66.176 91,077.97 29,228,.942 141,O60.723
Detroit and Toledo Shore Line ............. 565,927 693.529 57,501 582.7 223,36 560,115 1420,000 600.000
]rle ...................................... 13,923.298 16.324.332 5797,185 7,660.157 d 12592.7 11,825,517 4,472,819 4,1472,819 Chicago and Sorth Wtern ................. 18.192,820 23,086,701 14,116,780 15,472,225 3.3Ooooo 15.995.000 7.021,54 22.372,055
Grand Trunk Western ....................... 216.139 5.383.576 82.1497 1,139.260 d 67.75 513,667 Chicago Great Western ..................... 2608.378 3.35772 799609 ,54,4 1135,500 191950 915279 915279
Lehigh and RIdeon iv1er ................... .152.856 288,421 175.218 313.898 2 164264 334,065 282,420 94,140 Chicago, Milwaukee, St. Paul and Pacific .. 26.582.330 32,709.519 14,077,911 11.503,6822 991.000 15,952,000
Lehigh and New England ................... 417,279 1,361,70 209,04 1.019.469 106.662 581,328 136,000 680,000 Chicago, Saint Paul, Minneapolis and Omaha. 3,176,542 3,453,622 889,986 1,072.223 598663 567,000 -
Lehgh Valley ............................. d 58611 7828.292 a 7.562.105 772,120 278161 1,12,23 Dluth, Missabe and Iron ange............15.200.192 9,33549 14,397.33 8329.5145 d 4.422.205 8,371878 8.225.000 9,253,125
Monongahela ............................... 1082.217 1.238,1428 607,177 74,392 79,100 722,624 249,800 3714,700 Duluth, South Shore and Atlantic *....... 40,4 642.880 d 519927 262.690 -
Montour ................................... 670.338 758,310 664,017 7143,.26 477.447 529,442 510.000 306,000 Duluth. Winnipeg and Pacific .............. 41,786 180,909 401 d -
ew York Central a/........................ 49.941.321 65.759,085 24,142.525 35.789.939 a 40.339.527 50.933.112 9,671.091 9.671.091 Creat Northern ............................ 28,379.35 32,968,620 24.157.590 23.396 6 82882 25.913.692 9,255,749 5.008,894
oew York, Chicago and St. Louis ........... 12,402,778 11.290.7114 8,083.229 7,225.924 d 7,519.709 18.739,000 1,081,692 Green Bay and Western ..................... 126,040 175,111 90,608 65,851 32,208 220,389 125.000 125,000
New York, Ontario and Western** .......... d 1.218.763 989,092 d 2.630.327 2.947.251 -Lake Superior Ishpemiln................. 635,372 678.450 884,568 688,645 147.,618 472,119 535,500 535,500
evw York. Suequehanna and Western *" ...... 601,705, 9115 38.014 348.,38 36,868 271,926 Minneapolis & St. Louis.................... 591.!51 1.795.224 5714.040 1,675.459 188,673 11403.203 600.000 300,000
Pere Marquette ............................ 3,766.230 5.010,307 2,139.121 3,012,076 2.6.285 2,828,721 560000 Minnapolis, St. Paul fault Ste. Marie .. 2,804.235 5,710,168 1.754.433 1,038.308 1,613,316 720,000
Pittsburgh & Lake srie .................... 3,782,948 5,216,975 3,572,242 4,48,301 d 230670 5,538,050 3.1451.600 4.318.250 Worthern Pacific .......................... 18,273,700 23,378,121 11,559,860 13.160.986 d .007.218 17.833,900 2,479.710 2,1479,710
Pittsburg & Shant ........................ 213,366 205,469 113,1146 106,071 d 9 d 27.2714 Spokane International ................... 254,397 275.890 138,083 159.795 187.737 184,135 71,160 71,160
Pittsburgh & West Virginia ................ 1.180.607 2,056,080 584,613 1.550,863 394,601 106,26 pokane, Portland and Seattle ............. 461.429 3.935,992 4 2.959,43K 1,925,981 84,962 584,365
Pittsburg, Shavaut and Northern .%.......... d 168.1 d 106.529 313.181 255.5 Wisconsin Central ** /.................... 1,614,456 2.771.817 d 1.72.89 657.106 966,472 9140.116
Wabash .................................. 8,666,113 9,277.'32 5,504,434 6,154,332 8.213,1480 18,218,4151 1,997.819 1,997,819C
Central Western Reieon -. Total ............ 17,156,708 229,788,531 111,515,110 160,9714,1471 182,703,750 1412,176,641 63.154,106 52.6149.778
Central Eastern Region Total ............ 165.773.191 200.687,61h 76,708,947 103,860,082 7606,382 159,1471.6714 56,497,437 48.860,726
Alton .................................. 2.563,8114 4,1460.9014 573.299 2.614,884 d 1.0o.693 11,209,235
Akron, Canton and Toungstown .............. 1443,054 692,090 245,896 438.335 156,232 320,101 330,570 220,380 Atchison, Topeka and Santa Fe / .......... 37,08:,177 60,178,928 29,1414,500 4,542,635 54,299,659 133,288.566 20,771,00 20,771,000
Baltimore and Ohio ........................ 37,043,094 41,648,378 8,660,319 12.857.503 572.829 28.909,468 Chicago, Burlington & uincy .............. 31.39.789 32,0714.823 27,405,399 21.647,122 17,380,215 13.335.722 10,250,322 5.125,161
Bessemer and Lake Erie .................... 1,803,270 3.181,684 398,641 1,830,819 d 2.714.188 2,157.028 2,000,000 1,500,000 Chicago. Rok Island and Pacific ** ....... 22,195,945 26,079,689 7,023.987 10,1451,128 18.644.239 3.500.000 -
Central R. R. of Nw Jersey ............ 145,39 4.496.1492 d 3.68.837 217.932 d 767.193 7314,522 Colorado and Southern ..................... 2.2141.938 2.738.386 1,803,802 2,174,779 838.787 1,192,95 -
Chicago & astern Illinoi s................ 2,463.121 2.930.241 1,052,452 1,463.571 98,200 2,777,896 767,726 767,726 Colorado & Wyoming ........................ 233.508 344,787 158,964 265,853 103.900 74,700
Chicago & Illinois Midland ................ 879,843 990,058 558,992 668,650 656,800 1,1465,584 300.000 300,000 Denver and Rio Grand Western ** .......... d 1.153.80 10,5514956 71 94 92 2,505,572 10,188,390 5.155.1400
Chicago, Indianapolis and Louisville ... 1,716,98 2.1415,936 367,057 819,558 39,69 653,619 Denver and Salt Lake...................... 979,56 8714.663 51,90 1,813 31.03 1,667
Detroit, Toledo and Ironton ............. 1.305.947 2.152,105 803,308 1,646,580 468,368 723,.60 981,328 1,103.994 Fort Worth and Denver City ................... 1,189,002 2.974.1141 d 20 2,052,198 1070,544 2057561 -
Elgin. Jollet and astern .................. 1,296,812 3,124.532 657,631 2,399.,74 d 2.978.983 3.056,050 3,820,000 3,820,000 Northwestern Pacific ...................... 232,859 623679 1.10107 -
Illinois Terminal ......................... 2,2149,817 1.435,010 1.630,713 871,125 148,000 2,353,600 7.899,187 750.000 Southern Pacific .......................... 36,347.788 39,123,890 I ,85,235 16,338,959 65.535.860 12,261,480 9,1431.908
Long Island ............................. 2,715,001 2,813,649 57,579 983280 279917 564,158 Southern Pacific Transportation System e./ 51.009,536 52,449,389 33,105,44 36,719,660 31,815,876 99.126,659 12,261,480 9,431.908
Missouri-Illinois......................... 1147,249 569,213 446,533 520,o80 416,772 580.841 Toledo, Peoria Wetern ................ 1395.537 2,403,093 1,451,208 2,420,006
Pennsylvania .............................. 87,180,539 10,972,066 149,00,238 64,720,1131 916,019 91,746,512 32,919.385 32.919.385 Union Pacific ............................. 31,107,553 36.526,015 33,031.580 .070,895 60,600,000 118,000.o000 17.321,709 17.321.709
Pennsylvania-Reading Seashore ............. d 64,O 18,992 d 1.615.723 d 50,998 288,83 313.896 Utah ...................................... 186803 196,971 105932 113.412 714.,075 d 53.05 -
Reading................................... 15.782,019 13.372,55 10, 75 88 d 8.999.42 12,466.009 1.197,985 14,197,985 Western Pacific ........................... 5.202,283 10,333,606 3.905.567 7.012.950 3.892,272 6,178,000 2,5149.595
Staten Island Rapid Transit ............... 315001 916,7140 230.357 289,245 d 041251,466 -
Western Maryland .......................... 7,147,5814 7.005,936 4.239.83 14,120,860 1,81,025 t4.266,64 1.124,947 1,2141,947 Southwestern Region Total ............... 98.843.830 113,514,1914 45,043,692 61,512,102 101.563.384 171.707.263 3,590,523 2,859.198
Wheeling and Lake Eris .................... 3,462,893 3.352,437 2,689.915 3,021.383 2,335.000 6,131,000 2,039,309 2,039,309 4.534.26-
Beaumont, Sour Lake & VWetern ** .......... 856,281 84,1417 792,2414 745,339 2,050,000 1.5314,276
Southern District Total ................. 168,069,848 233,682,646 92,215,878 164.953.839 95.330.757 330.943,737 77,208,206 77,058.429 urlington-Rok Island .................... 502522 8,93 d .76 62299 -
-International-Great Northern .......... 3,058,233 3.452,722 545807 962,163 1.5714,000 2,90.542
Pocahontas Region Total ................. 52,958,031 70,513.546 46.507,447 67,869,675 19.328.426 96,318,858 51.279.940 147,623,292 Kansas City Southern ...................... 7,121,883 6,1450,07 5,616,864 4,18,162 1,615.000 6.230,000 525,000 420,000
ansas., Oklahoma& Glf................... 893.557 806.546 712,147 598.027 401o.336 797,1470 531.498 531.498
Chesapeake and Ohio ....................... 22,025.255 32.813.189 16,379.847 27.340,996 d 8.853.399 38.838.190 26,239.870 26,00,739 Louisiana & Arkansas ...................... 2.618.796 2,533.,67 1.693.0 1 1,596.062 2.461.673 5,013.102 300,000 300,000
Norfolk and Western ....................... 22,767,1417 25.943,534 23,533,680 30,77,522 23.250,000 41,580,000 19.163.671 14,946,154 Midland Valley ............................ 277,196 226,727 78.563 79.995 d 29,995
Richnond. Fredericksburg and Potomac ...... 2,102.776 4,638,4o6 2,3146,426 14,815,431 6,585,919 12,026,727 1,071,949 1,071,.99 Missouri and Arkansas ....................d 321.609 131,080 d 319,196 89.99 1. 103,593 35,000
Virginian ................................. 6,062.583 7.118,417 .,247.h914 14,965.726 d 1.6514.094 3.873,941 4,804,45 0 4,8014,450 Missourl-Kansas-Texas ..................... 8.782. 3 9.469,140 5.67.599 6.110.115 9,13000 6,587,000 --
S-heTlrMisouri Pacific .. ....................... 23,659.328 34309.050 7,327.909 17.684.236 25.844o b7.500.000ooo
southern Region Total ................... 115,111,817 163,169,100 145,708.431 97.084,164 76.002,331 234,624,879 25,928266 29,1435,137 New Orleans, Texas & Mexico *. ............ 2.383,232 1,309,795 d 471.716 1,646392 1,262,000 1.0014.197
Oklahoma City-Ada-Atoka .................... 191,284 278,254 147,131 222,661 50.755 331,22A 80,000
Alabama Great Southern .................... 1,507,996 1,815,363 2,206,770 2,658,582 3.142,000 14,708000 2,017,863 2,017,863 St. Louis, Brownsville and Mexico ...... 1,6814.814 1,951,311 896,338 1,251,801 2.3914,000 5,208,2
Atlanta and West Point .................... 323.707 403,742 353.305 425.314 341,119 1.115.321 123,180 123,180 St. Louis-San Francisco ** ................ 15104,808 17,336.113 1,136,031 5,657.481 7.905.229 12495000 -
Atlanta, Birningham and Coast ............ 45.940 368,063 .051 403743 12062 341.360 St. Louis, San Francisco and Texas ........ 322.755 367,3143 211,809 256,588 525,798 763,000
Atlantic Coast Line....................... 5,447,059 13.672,457 5.531,635 16,101393 800000 35.675.000 3,096,982 2,480,117 St. Louis Southwestern ................. 6,569,649 10,807.120 3.993.006 8,119.085 15,605.830 22,670,794 -
Central of Georgia .................... 3,807,48 6397.292 777 1,201,16 d 52279 1.799.332 San Antonio. Uvalde & Gulf ............. d 656.184 d 4 79.960 878670 68263 -
Charleston & Western Carolina ............. 557.279 712,397 283.335 36.1148 d 13000 570,000 114,000 144,000 Texas and New Orleans ..................... 4,6.79 3.025.99 1431.090 8,779,570 15476.917 33.590.799
Cincinnati, Rew Orleans and Texas Pacific 3,983.527 4,914,310 2.320.929 3.261.813 3,703.000 8,461,000 3,262,170 3,710.670 Texas and Pacific ......................... 10.515.616 6.757.274 7,243.162 3.821.791 15.394.777 21,829.987 2,154,025 1,572.700
Clinchfield ................................ 3,356,981 6,094,811 525.46 692.3 Texas Mexican ............................. 297.477 385.856 126,289 224,197 116,790 110,000


R* report of receiver or receivers.
' Report of trustee or trustees.
d Deficit or other reverse item.
7 Includes Boston & Albany, lessor to New York Central R. R.
F/ Yornerly Included in report of Minneapolis, St. Paul & Sault Ste. Marie.


c/ Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe By.. and Panhandle & S nta Fe Ry.
*/ Data not Inuluded in totals. Includes Southern Pacific Company, Texas and New Orleans R. R. Co., and leased lines.
SFederal Manager's operations teramnated 12:01 a.m., October 1, 1945.
U. S. GOVERNMENT PRINTING OFFICE : 1946--0-657218