Selected income and balance-sheet items of class I steam railways in the United States - 1946

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Material Information

Title:
Selected income and balance-sheet items of class I steam railways in the United States - 1946
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:
1946
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:
AA00000587:00014

Related Items

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

Full Text
0, SIsCe -a+//q

























UNIV. OF FL LIB.
DOcUMENT8 DEPT..


IAM .. EPoT'Y


U.S. DEPOfiTORY


Subject to revision


UNIVER -,T *;F FLC.,iDA

INTERSTATE 0
3 1262 08851 1828 BUREAU OF TRA SOR
"-4

SELECTED INCOME AND BALANCE-SHEET ITEMS 01

Compiled from 130 reports (F. .r
(SWITCHING AND TERMINAL


299.3314,9 2
3841,63
-.53, 170,0ft


CE CO 8ION



CLASS I STEAM RAILWAYS IN THE UNITED STATES

,i) representing 1314 steam railways
COMPANIES NOT INCLUDED)


4,432~
9,697, 1;14


0:9:
L, T


Statement No. M-125
JANUARY 1946


SClass I Railways Not in
All Class 7T R I Receivership or Trusteeship #
Income Ites; For the month of January Por the month of January

1946 1945 1946 1945
1. Net railway operating income ..- __ $70.,34,5417 76,29,7 $59,841,225 $62,062,524
2. Other income-.....--- ........ 1, 655,984 15,01 12,,5 08,100 13,950,:94
3. Total income.. .. s o,531 91,316, 72,349,5325 76,013,218
4. Miscellaneous deductions from income_ ..... 2,654,8119 1,91,990 2,560,857 1,827,255
5. Income available for fixed charges ... _..._ 81,835,682 89,362,850 69,788,i46 74,185,963
6. Fixed charges:
6-01. Rent for leased roads and equipment ..... 14,986,69 11 97 14,25292 10,74,54
6-02. Interest deductions/ 29,884,026 31,572,99 20 ,39 22,85,605
6-03. Other deductions.-. -_ 115,106 ,988 0,65 774
6-04. Total fixed charges. ... __ .__ 4,925.829 3, 35,206,756 ,
7. Income after fixed charges_ ---- 36,89853 ,.0 3 112 ,
8. Contingent charges ..... ._-- 2962,66 3,154,0 o 2391:44814 3, ;42
9. Net income/_ __. ._ ... 33,987,227 43,063,900 o. 31,636,898 37, 22,887
10. Depreciation (Way and structures and Equpmernt). .. 28,27,930 7.93,58 24,736,978 23,964,692
11. Amortization of defense projects-------.. ------------ ................ 482,875 ,9789 93,266 16,711,
12. Federal income taxes ___ 2,09,650 87.592,059 23,068,570 73,91,045
13. Dividend appropriation.
13-01. On common -tockn -----... ---.- --- 2,902,627 2,147,500 2,902,627 2,147,500
13-02.. On preferred stobk-. ---..-. .....__ 2,599,161 .2,595,862 2,599,161 2,595,862
Ratio of income to fixed charges/ (Item 5+6-04).. 1.82 2.07 1.98 2.21


Selected Asset and Liability Items


All Class' I Rai YR


, Ia''S llvs RaTlway's Not. in
'Rfi-vership or Trusteeship6


Balance at end of January ance at end of. J


___________________________________ 19146 19145 t J.19146


Expenditures (gross) for additions and betterments-
Road..........._..._................
Expenditures (gross) for additions and betterments-
Equipment ___ ---
Investments rn stocks, bonds, etc other than those
of affiliated companies (Total. Account 7071___
Other unadjusted debits __ -
Cazr, -
Temporary cash investments -
SpaeCal deposits ....--
Loans and bill= receivable- -... --- ....
Traffic and car-service balances-Dr- _- -
Net balance receivable from agents and conductors...
Miscellaneous accounts receivable_ ._.. ..
Materials and supplies ... .- _
Interest ana dividends receivable _.
Accrued ercounts reativable_ _
Otreer current assets
Total current as-ets items 21 to 31)


Funded aebt maturing *itrirn montrhs4/
Loans arn- bill pa nle/_.....- _
Traffic 3na car-Aervice baiancez-Cr -
Audite. ac.:-jnt t ar3n.3 .ae- paabie _
Miscellaneous a-count3 payaie_
Interest mature unpaid
Dividernd, d aturea unpaid- --
Una toured in treit a.-.:.rueJ.
Unmaturea .3jvidernJ de. a13red ... .- ---
Ac:r'ed accounts payable __ __ _
Texes accrued ......... -
Otrer .:,rrert liabi 1ti.3_-.______t. .
rolai currer, iiat. litnes lIt-i 41 Io 511....-


53. Analyzi: of taxes soorued:
=-O1 UJ. ,Covernment taxes_ _
73-02 Other th3n U S Government taxes ...
54. Other unadjusted credits -- -------


(15,659,416
22.942,551
564,036.236
169,825,68
1,034. 65,701
1,579,79,241
166,666,522
457,568
43,552,509
101,534,660
456,642,472
66 ,799 323
26,378946
267,o68, 1
55.787.367


4 r14 QQ2 7r


4,336,92,750 4.95.!I S.b 1 .5 1,92,29 1 9b95.1


139.752.125


10.357 4,058
11,R .795
462,753,008
176,025,,57
51,713,867
7, 89,585
67352 238
19 ,73 8,988
212,153 ,98
806,03, 13
106,752,654
.06 2X. 6Ol


106. 0sf o


U6 600





216,B 4, 868

2 110 1f6i


,001, 33



7.96
1. ao.610


-fjY- I"i^ r.................- ..--^.*yx- "ffw


6714,92,:486
131,6 ,657
413.393.9


53,1421,1462


#14,287,5234
19,357,916
579.401,622
35.9 *7a .3


2,860,683
9,884,969
4,932,321
a 21.-2* 0


11,3014,220
17,312,022
551,119,220
181. 33.088


518,502,807
2 7,331, 35



48 672,707
48872.707


Ih no nae si I


82.111.9q80


,700,000




14:o46,947
162 ,69,599
1,551. 660:7039
137,570,78o


1,440o658,030
111,02, 009
514,829.877


_______________________________________I_____I_____________a_ h*i -*- /epeens acral, inldig th mon.i efut


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

Period 1946 1945 Deorease '
3 months ended January ...... 8,075, 46 $149,518555 $141,443,
6 months ended January ...... 8 8,439,948 327,041,68 28,6,690
12 months ended January ...... 438,188,005 661,449,131 223,2612,6-
The net income shown is after deduction of the following amounts taken out of o 'ting8
revenues to create reserves for land grant deductions in dispute: Jan. 1946, '4',035;
Jan. 1945, 3,165,341;
3/ For railways in receivership and trusteeship the ratio was as follows: Jan. 1946,
1.23; Jan. 1945, 1.60.


ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS 6/


Period


January 1946
January 1945


Railways Reporting a
Net Income
Number of
reports Amount


+ I I -


$44,410,686
48,576,064


Railways Reporting a
Net Deficit
Number of
reports Amount


II


MI-LoLos NET INCOME- ALL CLASS I RAILWAYS u,,IOS
OF DOLLARS : DOLLAR



.40 140
t0 20


40 ---------- ---- -40
-0 ------------------ -20
-ao ---.-.----.--------------- -to

-40 - -- ---------------- -40


,IF M


AMJJ A SON DJFMAM JJ
1944 1945


-9. 1111111 1111N1111 1 1,1111 A1-60 -


0 NDJ FMAMAM J JA946
1946


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.
V/ Includes obligations which mature not more than one year after date of
issue.
S / Excludes reports of 4 roads for the 1946 month and 2 roads for the 1945
month, whose net "noome (or deficit) was absorbed by the controlling company.
# Figures include returns of the Chicago, Milwaukee, St. Paul and Pacific
which emerged from trusteeship on December 1, 1945.
I Decrease or deficit.


- ?.)-I ~ ax v fbi P2120 1-


, U.9


i-


. . = ..


,-
a-use
-
r-- r---r-


32-


52-


$10 'R


I


1ih-R4<9.a8i'


0


2 'R
"'YA
5a, 2 6








INTERSTATE COM ERCE COMMISSION
BUREAU OF TRANSPORT BONOMICS AND STATISTICS


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

ro THE MONTH 0 JANUAXr 1946 AND 1945


NETr AILWAT OP RATIWIG INCOME AL I00NCOME DIVIIDND NR RAILWAT OPERATING mIT INCOME BmAL INCOME DIVIBnD
INCON TAXES APPROPRIATIONS INCOME TAXES APPROPRIATIONS
Region and railway Reion and rallve r

1946 1945 1946 1945 1946 1945 1946 1945 1946 1945 196 -1945 1946 1945 1946 1945
.1. _7_1"1


$76,239.754 133.887.227


$43,083.900 125,409,6500


"87.592,059


*5.501,755 I *14,7l~3.362


Southern Region Continued

Florida Seat Coast** .....................
Georgia R.R. Lessee Organisation ......
Georgia A Florida' .......................
Georgia Southern and Florida .............
Gulf, Mobile and Ohio ....................
Illinois Central .........................
Louisville and Nashville .................
Miseiseippi Central ......................
Naehville, Chattanooga St. Louis .......
wav Orleans and Xortheatern .............
Norfolk southern .........................
Seaboard Air Line* .......................
Southern .................................
Tennessee Central ........................
Western Railwvay of Alabama ...............
YTaoo and Misiassippi Valley .............


$688.450


256,601
1,482,858
2,141,630
d 1.924

105.038

1.734,411
2,656.690
i .164

1 144,502


$773,309
230,617
11,278
70.194
312.953
2.,143.441
2.168,729
25,508
464,413
155,050
39.793
1.787.741
2.578,525
42,541
142,045
328.542


$337.056

35.335
159.917
767.632
1,724,570


85.579
11.346,
71.499
1.734,.913

22.3P


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


$431,017
187.153
d 55,806
40,835
207,757
1,459,775
1,824.524
15.931
346,329
133,940
1,646
S545,294
1.551.579
23,625
39, 544
112,477


$n220,000

25,000
102.000
52.500
1,119,620

19.899
65.000
7,564
425,000
1.000,000

a 5,176


$290.000

124,o000
320.000
2,695.000
4, o4,020
10,620
209.904
373.000

1.725,000
4,510,000
24,661
14,900
208.000


, ,


$2,059.200





17,500


$2,047,500





17,500


80,000


United States Total ....................1. 70.834.5147


eastern District Total .................. 16.227.839 21,015.902 3.127.579 7,122.035 1.574,754 9,964.238 2,591.138 2.588.13

New gland Region Total ................ 1.627.522 1,358.952 34,454 37.470o 498,009 770.228 17.976 14.677

BNacor and Aroostook ...................... 235.449 136,150 192,180 93.422 119.300 234.400 -
Boston and Maine .......................... 489,372 142,759 172,499 145,020 27.600 -
Canadian National Lines in Now ngland .... d 67.298 d 102 480 82.04 117 -
Canadin Pacfic Lines in Maine ...........6731- -
Canadin Pacific Lines in Vermont ........... A 12 d 12 -
Central Ve.rmont ........................... 67 9 d d 202.k9 255.666 7,200 12,500 -
Maine Central ............................. 3 5t3,' 2 116 46,49 5,728 17,976 14,677
New Tork Connecting ....................... 135409 16 73.826 86,012 40,000 -
mw York, w Raven and Hartford** ........ .815.610 1,153.664 251,073 590,118 180,000 450,000 ~ -
Batland*?.................................. 55 8 137.382 a 4.21 164.583 -


Great Lakes Region Total ...............

Ann Arbor ................................
Caubria and Indiana ......................
Delaware and Budson ......................
Delaware, Lackawanna and Western ..........
Detroit and Mackinac .....................
Detroit and Toledo Shore Line .............
rile ......................................
Grand Trunk Veetern ......................
Lehigh and Hudson River ...................
Lehigh and ew eagland ....................
Lehigh Valley .............................
Mononabhela ...............................
Montour ...................................
lev York Central alilroad _/ ..............
New York Chicago and St. Louis ............
Nlw York, Ontario and Western*...........
Now Tork, Susquehanna & Vestern** .........
Pere Marquette ...........................
Pittsburgh and Lake Brle ..................
Pittsburg & Shanwt .......................
Pittsburgh & West Virginia ................
Pittsburg, Shaumot and NorthernO ..........
Wabash ....................................


Central eastern Region Total ............

Akron, Canton & Tounagtown ................
Baltimore and Ohio ........................
Bessemer and Lake rise ...................
Central R.R. of low Jersey" ..............
Chicago & Mastern Illinois ................
Chicago a Illinoise island ................
Chicago, Indianapolis and Louisville- ....
Detroit, Toledo and Ironton ...............
llgin, Joliet and astern .................
Illinois Terminal .........................
Long Island ...............................
Missourl-Illinoles.........................
Pennsylvania ..............................
Pennsylvanta-Reading Seashore .............
Reading ...................................
Staten Island Rapid Transit ...............
Western Maryland ..........................
Wheeling and Lake Irie ....................


- I -


he44 11i


a7t 1lll


1 547 974


2 593 900


2 037- 06


15,5144
85.,79
233,752
170,154
15.850
43.,559
217,035

65,910
140,648
120,413
57,639




173,108
7.948.
4 .732


2.259,013


12,027
46.364
136.195
d 3,68
d 6,41
123,023
111,982
18,432
16.235


39,021
586:436
61Q4, 921

1341,
193,866


449.283


6.108,421


9.527
58.576
156.000
60,000

31,716
172,639

15.710
40,397
127,000
31.022
35.327
158,021
180,000


87,441
106,076


278,522


d 471.229


4- .2- 4 4 4- 4- 4


11.326
21,000

1,200

30.600

95.773
46,800

28,800


307,553
230,000
196,000


8.018
66,677
97,000

74,554
266:616
50.000
19.317
10,5824

31.592
28.256
188,868
347,000


129,385
5.500
28.513

1,241.327


6.600.110


-
-
-
-
-
20,000
2,017,026
-
-
-
-
-
-
-
-
-
-
-
-
-
-

-


536,436


18,635
d WanZ
d 5b61!


505045


j--0

14
2,718,621
d 28-2:30

54315



324.151
d 10OJ65
3 .053
36:151


65.375
1.528.392


45.097
110,368
190.918
417,147
75.366

32 678
3.410.488s

19,150
347.754
268.304


41,916
2,040,000

71,000
65,900
50,000
135,808

204,100
14, 748
51,800
1,824,633
17.792
682.965
12,800
44.,000
651,000


279,901

256,535


-
-
-
.
-
20,000
2.017.026
-
-
-
-
-
-
-
-
-
-
-
-
-
-

-


536,436


-
-
-
-
-
-
-
-
-
-
-
-
-
-
279,901
-
-
256.535


Southern District Total ................. 18,953.608 19.313.827 13.517.413 14.386.764 8,371,618 26.263,943 2.910,350 2.075,223


Pocahontase Reion Total .................

Chesapeake and Ohio .......................
Norfolk and Vestern ,......................
Richmond. Fredericksburg and Potomac .....
Virginian .................................


Southern Region Total ...................

Alabama Great Southern ....................
Atlanta and West Point ....................
Atlantic Coast Line .......................
Central of Georgia*e.......................
Charleeton & western Carolina .............
Cincinnati, Nev Orleans and Texas Pacific
Clinchfield ...............................
Columbue and Greenville .................


7,461.648


4,818,667


4,273,256


7,155.787


4- 4. 4 4 -4


3.1658.431
3.276,699
499,.005
517.513


2,051,167
2,142,488
218,841
406.171


1,899,177
1.750,000
311,479
312,600


*I- 4 4


6,055.765


9.568,097


4,.098,362


2,039.846
3,900,000
570,000
345.941


19,108,156


2,910.350


4- 4 1 4 4 1 ______ 1


84,016
10,238
1.388.217
a 136.630

172.958

3.143


212,610
34.055
1.657,089
120,058
22,160
249,053
354,285
23,161


70,000

350,000
13,825
120,000
57,726
4,100


584,000
82,2147
3.025,000
114.767
40,000
546,000
57.737
15.300


823,427

10,223


2.015.223





10,223


* Report of receiver or receivers.
** Report of trustee or trustees.
d Deficit or other reverse item.
a7 Includes Boston & Albany, lessor to New Tork Central R.R.
b/ Formerly included in report of Minneapoli.s, St. Paul A& Sault Ste. Marie.


Western District Total .................


35.653.100 35.910,025


17,242.235 21,575.101 15,463.278 51;363.878


Northwestern Region ...................... 4.863.483 6.975.621 874,493 2,410,269 1,832.553 5,098.309

Chicago and North Western .............. 854,296 1,526,526 g30.342 858,963 82.000 614,000 -
Chicago Great eastern .................... 6 236.563 176.095 76141 120.400 -
Chicago. Milvwakee, St. Paul and Pacific 2,23, 2.538.535 1.093.325 1,360,198 991.000 2,180.000
Chicago, Saint Paul, Minneapolis and Onha 6,317 213,711 a 120,730 14,000 -
iuluth, Miesabe and Iron e ............ 1. ,961 1115163 -
Daluth. South Shore and Atlantio ....... 3 4.511 6 9.85 -
Daluth, Winnipe and Pacific ............. 24641 2,560 1 1.04 -d 33.678
Oreat Northern ......................... 1.039.234 1.337.350 52.5 599;"1 I 275,000 1,060,000 -
Gran B and Westrn ...................... 19.788 28.074 12.393 19.657 13,079 20,000 -
Lake Superior & Ihpaming ................ a 80 482 d 81.218 a 79.098 a 80.1-
Minneapolis & St. Louis.................. 63.835 132.277 55.36b 12 314.000 92.000 -
Minneapolis, St. Pnaul & Sault Ste. Marie 18731 4,931 d 21a1 -
Northern Pacific ......................... 539.553 .1 9.79 239 436.500 856,000
Spokane International .................... 10,937 23,590 866 14,221 974 25.842 -
Spokane, Portlanda nd Seattle ............ 37 61 332,908 9 326.259 56,301 97,067 -
Wisconsin Central b/*? .................. 157 111,047 3.5714 d 44,539 19,000 -


Central Western Region Total ...........

Alton ..................................
Atchison. Topeka and Santa Pe ? ..........
Chicago, Burlington A Qin y .............
Chicago, Rock Island and Pacific ** ......
Colorado and Southern ...................
Colorado & Wyoming ......................
Denver and Rio Grande western ............
Denver and Salt Lake .....................
Fort Worth and Denver City ...............
Northwestern Pacifie .....................
Southern Pacific .........................
Southern Pacific Transportation Systema /.
Toledo, Peoria & Western f ...............
Union Pacific ............................
Utah .....................................
Western Pacific ..........................

Southwestern Region Total ..............

Beaunont, Sour Lake A Western 4 .........
Burlilgtom-Rok Island ...................
International-Gr t Northern ..........
Kaneas City Southern .....................
Kansas. Oklahoma A Gulf ..................
Loulisiana & Arkansas .....................
Midland Valley ...........................
Mipeouri and Arkansas ....................
Misaourtl-ansas-Texas ....................
Missori Pacific ** ......................
New Orleans, Texas & Mexico ** ...........
Oklahoma City-Ada-Atoka ..................
St. Louis, Brownsville and Mexico ** .....
St. Louis-an Francisco ** ...............
St. Louis, San Franciseco and Texas .......
St. Louis Southwestern ** ................
San Antonio, Uvalde & Gulf ** ..........
Texae and New Orleans ....................
Texs and Pacific ........................
Tom s Nert ie...........................


22,888,7741


172.259
6,613,820
5.194.619
2.560, 755
246.36
16.74
705.247
86.422
127.766

2,973,227
41401,698

3,875.161
16.905
678,251


7,900,843


238.946
21.731
209,788
423,522
78.941
154,663
16,623

2.038:976
333,766
17.653
306,685
779.498
88.895
338,767
.42,471
789,014
34.936


19,181,764


211,640
4,828,082
3,699.712
2,322,122
176.379
28,7148
1,012,664
91,217
116,115
90,576
2.953.s88
4,071,708
197,603
2,844,205
17,097
591,716


9.752.640


12,619,172 13,757,593 11,346.042 132,385.983


2.854
6,o43.678
4,716.182
1,453,821
18.,255
10.728
210.919
"43.688
43.905
4 277.439

2.975,081
d 12.671
3.242.547
10,652
562,350


54.348
4.362,428
3,037.587
1,175.946
140.199
22,450
501.024
47.469
28.122
d 19.865
817,859
2,486.791
205,792
2.874.867
10,163
499,200


16,451
4,076,324
2,765,100
600,000

7,.100
54,700

68.753
900,614
1,630,859
2,500,000
7,000
350,000


176,452
11,224,000
4,980,500
2,800,000
66,504
15,000
213.500

63,251
4,269,276
6,178,054

7,500,000
6,500
1.071,000


4 4 4 4 1- 1-


3.748,570


5,407,239


2,284,683 13,879.586


2 J 4 4 4 4- 4-


129,877
40,154
317.545
547.265
76,860
220.653
18,919
4.263
660.683
3,007,428
351.370
23,594
276.398
1.412.924
19,413
923.010


a 62.650


234,406
d 27.828

227,:454
69,684
79.827
19.396

63;.770
107.N73
15,51
22,683
d 151.481

121,356
d 66.026
1,097,646
605,053
23,560


122.979
a 11.801
-117.877
355.820
60.939
145.706
16.470
4,3899
407.079
1,500,405
128,752
20,766
222,551
457.139
10.206
706.448
d 10,.65

535.955
a 76.502


144,000

1,.000
60,000
46,242
52,000
12,931

323.000
350,000
106,000
10,361
148,000

80,904

730.245
212,000
8,000


322,000

177,000
300,000
60,639
426,600
16.470
4.035
857,000
3,900,000
215,000
20,766
565.000
1,150,000
39,000
1,930.295
1.908,778
1,974.000
10,000


80.000


-
-
-
-
-

-
-

80,000
-
-
-

-
-
-
-


c/ Includes Atchison, Topeka & Santa Fe y., OGulf, Colorado & Santa Fe By., and Panhandle & Santa IFe y.
, Data not included in totals. Includes Southern Pacific Company, Texas and lew Orleane R.R. Co., and leased lines.
Federal Manager's operations terminated 12:01 a.a., October 1. 1945.

U. S. GOVERNMENT PRINING OFFICE : 194B-0-657218


5 t359 294


6 585 703


30,986
7.862
309.597
d 156.543
62.865
804.644
446.601
16,794
39.636
d 276.810
0,9 .
40.089
2,465,281
1.336.656
d 275.361

419,398
256,154
21,357
197,804
-uM


33,049
87,295
422,649
567,926
22.831
52,469
807.121
d 140114

77,265
643.28
158,867
58,051
998: 1
577.,77
d 109.060

215,750
174,550
39.759
18,402
d 7.:661
""mGr'55,


9.241,023


37.909
1.258,204
58.412
a 193.658

77,214
18,629
195.147

146,999
,45,77
6,237,713



316,421


13.071,247


76.914
3.419.518
d 236.106

202,952
70,681
227,647
233.001
469,401
119.595

6,591.513
d 255.280
1.092.332
67.857
585,824
283.382


5,389,516


2,515,962
2,085.442
208,504
579,608


7,906.968


3.623,734
3.177.0,o
456,128
650,066


11.o46,64o


103.
917.919
262.176
d 26,524

355,929
709


13.924.311


234,765
31.343
987,262
512,013
45,169
381,840
536,058
21,182


-t-


U


AG


. .


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


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-L


6 1


I


, I


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I I


-r


-r-


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-t


L4-


LL


2 037 026





__77c / S7ea 4 =--? A


Subject to revision


UNIVERSITY OF FLORIDA


3 1262 08851 1836


INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


Statement No. M-125 J
FEBRUARY 1946


UNIV, OF FL LII. I


'i.S. DEPONT01T'


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

Compiled from 130 reports (Form 1BS) representing 134 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)
All ClaSs I Rilwa 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

__1946 1945 ;1946 1945 1946 1945 1946 1945
1 Net railway operating income.......- -- ---- ---,874,40,68? --,633,372--- 1-51,080,439 *48,163,312 $61,272,806 $107,998,474 0123,335,328
2. Other income- ------- 51 9 15,371, 2 6,105 2 30,451,319 11,428,814 13,222,096 23,936,914 27,172,790
3. Total income ... ...- ....... -...... ... 70,256,747 90,14,918 151.741,214 181,531,758 59,592,126 74,494,902 131,935,388 150,508,118
4. Miscellaneous deductions from income..............--- 2,370,566 2,693,354 5,025,436 4,649,344 2,291,944 2,553,700 4,852,802 4,380,955
5. Income available for fixed charges--.......... 67,886,181 87,521,564 149,715,778 176,882,414 57,300,182 71,941,202 127,082,586 146,127,163
6. Fixed charges:
6-01. Rent for leased roads and equipment ..... 6,66,540 1,147,184 1,652,135 24,593,157 5.996,446 11,563,775 20,248,638 22,298,728
6-02. Interest deductions /... .... --- 29,688,55 31,237, 59,571317 62,809,14 20,68097 22,53 8 41541,450 45,38,448
6-03. Other deductions... -. .... 115,27 109 231579 21,275 10053 92,13 201, 754 181,917
6-04. Total fixed charges.-- 3 222 44 ,61,96 26,785o,096 734,-189,256 61,991,842 67,829,093
7. Income after fixed charges---... ..... 59 43, 27,85 68 89,266,468 30 515,096 37,71,96 65,o90,744 78,298,070
8. Contingent charges.... ................................................... 2,827,6 087, 827 ,241,939 2,810,010 3, 174 5,75733 6,217,917
9. Net income 2/ 994..-- -------- ----- 2882 9 0,61 62,.467920 83 024529 27,705,086 34,67 772 59,333414 72,080,153
10. Depreciation (Way and structures andEquipment) .. 28,04468 2,442,13 6,481 8 54,835,717 24,679,980 23,995,989 49,416,958 47,960,682
11. Amortization of defense projects------.. --........----------- 20 21 631 967 4 38.111,18 393,746 17,00,643 77,012 33 720,653
12. Federal income taxes.... 21,902055 8,823,398 47,317,183 171,415,457 19,250,344 70,3156 42,3 92 143,805609
13. Dividend appropriations:
13-01. On common stock..... ------------ 17,522,679 16,589,338 20,425,306 18,736,838 17,522,679 16,589,338 20,425,306 18,736,838
13-02. On preferred stobk.... ... ............----- 3,879,986 2,745255 6,479,147 5,341117 3,879,986 2,745,255 6,479,147 5,341,117
Ratio of income to fixed charges;/ (Item 5+6-04)--.. 1.86 1.97 1.84 2.02 2.14 2.10 2.05 2.25

All Class I Railways ass I Railways Not in
All Class I Railways ._ fiefivership or Trusteeship
Selected Asset and Liability Items ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS 6_/
Selected Asset and Liability Items Balance at end of February Balance at end of February
1946 1945 iJ946 1945
Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments-824 Period Net Income Net Deficit
Road 8.0,3-,014 -28,477,734 ,10, 22,910,469.......................................A0,m,01$2,77,7on,16o,82 $22, ,69PerioduNenf t
18. Expenditures (gross) for additions and betterments- Number of Amount Number of Amount
Equipment .... --------- .................. 33,738,591 37,664,364 -,862,905 33,657,805 ______ _____-reports reports
19. Investments in stocks, bonds, etc., other than those 1 4 48 $0 2,40
of affiliated companies (Total, Account 707).......... 1,473260 9384.437 371190 550,827,435 February 1946 78 9 387 0,2
20. Other unadjusted debits ............................................................. 233,307 g38I310 1 276,558 192.571,77 February 1945 9 8 25
2 months 194 8 6 78,633,619g 40 16 165,199
21. Cash............................................................................. 1,078,2 7 1,136,057,604 90.,654,82 920,949.490 2 months 1945 100 92,792,918 27 9,768,389
22. Temporary cash investments ....................................... 1,582,10,666 1,874,786,177 1,2 ,206,071 1,527,650,484
23. Special deposits --..................................................... ..... 155,848,351 21 ,1211 192,80 86
24. Loans and bills receivable-...-- ---....... ..................... .450889 3.49, 30421 686
25. Traffic and car-service balances-Dr..---..........--- 45,303,0 61243 42 81 A
26. Net balance receivable from agents and conductors 100,993,7 1 68933,295 126,704957 MILOS NET INCOME ALL LASS I RAILWAYS LL
27. Miscellaneous accounts receivable .................... 435,7, O550 641 0- i7920 66 51944,270 oOLLRS________ __ DO.ARS
28. Materials and supplies....... -............................... 6.7.06021 611,073,558 -5,338,576 532,097,052 0- --
29. Interest and dividends receivable 29,4 7,908 32, 19,159 ,049 071 28,105, 1
30. Accrued accounts receivable ....................... 28,599,413 288,y05,88 21,908,926 233,262,4 60 ---60
31. Other current assets............... ..... .. ..... 50711.578 54100186 .060338 51,000
32. Total current assets (items 21 to 31).....----. 4,334,211,246 5,055135692 3.5936,91 4,173,750,065 40 --------40
40. Funded debt maturing within 6 months 4/ --- 134.128.195 102.370.868 1 ?249,658 78,176,988 20 20
41. Loans and bills payable/--.. .................---............ 10,354,058 11,185,000 00,000 7,700,000
42. Traffic and car-service balances-Cr. 1....49,91,674 19,048,407 1 ,68852 163,180,304 o--
ip. Audited accounts and wages payable ..---- 483,83 ,947 505 876E8. 4; 8063,42 443,216,186
44. Miscellaneous accounts payable..- -..-..- --- 158,731,55 70,12 1 96,734 15,7488
45. Interest matured unpaid. 5 9 5 --o -----------------------------;0-3341-,9 1 :2 -,-8- ---0-o
41. Dividends matured unpaid ..- --. ..-- -- 4,255,662 3,980,2Z8 J 8: 5 3,705,191
47- Unmatured interest accrued-- -------- --------- ------72,00O1,667 1 72 00
4. Unmatured dividends declared .-....-- ---- 9,134,710 32,012,6 39,134,10 2,012,65 -40-40
49 Accrued aooounts payable ----- 206,916,967 216,i4 68s ?9662 163' 1,961
STaxes accrued ........ ..------ .----- -- 18 385660 1,5 964 -o------------------------
Other current liabilities..... ..-.. .107,0 7255 116,5 372 99,147,067 105727.966 I0
52,. Total current liabilities (items 41 to 51). 0 2.07773N.84 .2712 l7S.330.344 2.742,467.837 -O0 j M FMIAM-IO O
53. Analysis of taxes accrued: 1944 1945 1946
53-01. U. S. Government taxes......--- .........---......... 654,290, 170116,131 540,30,54 1,460,642,023
53-02. Other than U. S. Government taxes.---- 131374,966 137,988,207 Io4,206,376 109,134,631
54. Other unadjusted credits............................................. 412,011,0 5,972,728 3,942,788 467,895,520


_/Represents accruals, including the amount in default.
2/For all Class I Steam Railways the net income was as follows'
Period 1946 1945 Decrease
3 months ended Febua .... 2,931,809 126,170,907 0123,239,098
6 months ended Februaxry .... 65,920,010 3o06,81,582 24O,61,52
12 months ended February .... 426.828.069 1 'S On0 77
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: Feb. 1946, 5195,847-:
Feb. 1945, 03 374,806: 2 months of 1946, $559.511; 2 months of 1945% ,.194.009.
3/ For railways in receivership and trusteeship the ratio was ss followed: Feb. 1946,
1.09; Feb. 1945, 1.51; 2 months of 1946, 1.16; 2 months of 1945, 1.55.


S/ 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.
V Excludes reportsof 4 roads for February 1946; 2 roads for February 1945;
4 roads for the two months of 1946; and 3 roads for the two months of 1945 where
net income (or deficit) was absorbed by the controlling company.
# Figures include returns of the Chicago, Milwaukee, St. Paul and Pacific
which emerged from trusteeship on December 1, 1945.
d Decrease or deficit.








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR THE TWO MONTHS ENDIER WITH FEZRMIAU 1946 AND 1945


NET RAILA OPERBATING T INCOME REDEAL. INCOME DIVIiDED NET RILWAT OPERATIM NT INCOME FEDERAL INCOME DIVIEID
I 00M1 TTA APPROPRIATIOS INCOM TAXCS APPOPRIATIONS
Region and railwy _Region and railway
1946 1945 1946 1945 1946 1945 1946 1945 1946 1945 1946 1945 1946 1945 1946 1945

United tal ................... $128,.633.372 $151080.439 62.1467,920 $3,024.529 $47,317.183 $171.415.457 $26.904.453 *4.077.,955 Southern R ion Continued
Eastern District Total ................ 27.375.21 43.909.435 8147,552 16.514.815 3.522.130 21.703.310' 3,969.840 3.974.973 Colunrus and Greenville ............... 7.877 $38,610 $12.1479 42.606 10,5145 $18.043 9.850 $19,700
Florida East Coast ................ 1,222.,12 1,509,822 5142.384 836.334 423,215 813.492 -
ew ngland Region Total .............. 3,206461 2,74.560 623.779 263,717 943.655 1,514.983 65,826 110.377 Georgia R.r. Lessee Organisation .... 1 6 2 34,805 d 252, 1 -
GeorgiaAFlorida ... .d 21.026 a 142.1010 1 08 -
Bangor and Aroostook .................... 376,149 264.576 292.319 180.233 11.1400 412.353 47,850 95.700 Georgia Southern and Florida .......... 122 476 136.668 7 9.3 52,000 2147,000
Boston and Main ........................ 916.941 524.820 259.792 181828 242.0 55 8 ulf. Mobie and Ohio ................. 474.951 67.262 274,072 433.707 174.000 714.000 -
Canadian National Lines in New England .. d 182 81a 235 887 212.957 2670 Illinois Central .......... ....... .,683.873 4.352,254 2.270.393 2.958.954 1.500 5.450.000 -
Canadian Pacific Lines in Maine ......... 7 222.10. I ville and Nashville .............. 4.547,300 4.306,211 3.825,031 3.580,487 2.531,240 8.117.4O 2.059.200 2.07.500
Canadian Pacific Lines in Teront ....... d 222.018 d 25896 Nisissippi Central ................... 4,638 50,978 13692 .091 21,394 -
Central Vermont ...........4..7..... d. d 3,62 346.716 d 332371 17,030 25.000 Nashille, Chattanooga & St. Louis .... 477.457 973,547 263,800 738.362 d .4 507.878 -
Maine Central ........................... 0.777 33,11 17 133,185 7.91 17.976 14,677 e Orlean, and Northeastern .......... 199.459 27.991 161.212 232745 00 627,000 -
w York Connectin ..................... 232.936 227.134 109.294 75,098 80,00 Norfolk Southern ..................... 94.159 76.462 22069 3221 14.713 2.332
Nw York, ew Haven and Hartford ..... 1.703.560 2.043.297 512.772 1,021.093 370000 950,000 Seaboard ir Line ..................... 3.342.025 3,470.457 12.084 981.562 850,000 3,225.000
utland .............................. d 111,033 d 211,801 d 169.68 270.292 Southern............................ 5,148,322 51497,79 3.315.193 3.522.616 2,2oo0.000 9.701.000
Tennessee Central .......................142,'442 72,220 d 18 119 35,633 14,.663 17.500 17.500
Great lakes Region Total .............. 9.238.021 13.353.983 6827.997 2,250,221 2.465.624 5.585s574 2,655,212 2.655.212 Western 2y. of Alabama ................ 50.073 79.196 b, g 73.576 j __12692. 134.872 -
TYasoo and Mississippi Valley .......... 301,134 63,964 33.271 23.525 20s.000 -
Ann Arbor ................................ 68.626 83.155 32.950 45.1so80 20.216 30.0914 -
Ceabrsa and Indians ..................... 171,861 99,095 168.934 95.979 115,U13 153,024 Western District -Total .............. 62,351.130 68.689.685 34,30,144 39.320.535 26,43.677 97,598,873 10,744.,96 8.738.614
Delaware and Hudson ..................... 73.384 549.386 393.576 140.791 262,000 97.000 -
Delaware, Lackawanna and Western........: 1.061.556 233.383 a 1.12, 75.172 Northwestern Region Total .,......... 6,765.933 13,562,915 1.095,444 4. 78,088 1.516,586 9.170.377 1,646.978 503.815
Detroit and Mackinac .................... 25,760 4 37 12.352 d 14i1iu---
Detroit and Toledo Shore Line ............ 106.909 123,920 88921 02672 60,665 136,708 40.000 40,000 Chicago ad North Western ............. 1.1486,217 2.962.591 528.908 1.870.356 82,000 1,354.0000 1.143,159 -
rie.................................... 1,099,061 1.718,525 d 66 8 342355 24,756 228.614 2,017,026 2,017,026 Chicago Great Western ................. 7629 464.197 155.301 229,900 228,819 228,815
Grand Trank estern........ ............ 406 .397 856.778 1.079617 158674 80o,00 Chicago, Millvakee, St. Paul 4 Pacific 3,405,24 5,031,051 2,75.749 699000 3735000 -
Lehigh and Hadson lver ................ 45T77 146.189 49,056 35,162 51.950 Chicago, St. Paul.Minneapolis & Omaha d 201 625 462,470 d 80 78,942 53000
Lehigh and New England .................. 163.284 89.456 139.672 4.91 85.605 29,661 Duluth. Mistabe and Iron range ........ 1,65 6 2,O6,36 d 1.78 02 d 2228161 -
Lehigh Valley .......................... 324,698 6.64 291.621 15 26 194.500 Duluth, South Shore and Atlantic ** ... 2,158 1401 J 12'1 U1 -
Monongahela............................... 310,64 235100 77792 73.000 63,183 Duluth, Winnipeg and Pacific .......... 31.951 15.974 -
Montour ................................. 94.07 70.33 92.861 68.519 56.915 49,617 Great Northern ....................... 1,584.666 2528,831 311..968 275.000 1.720,000
Nw York Central / ..................... 1.542.791 14.931677 a 2.639.238 1.2360541 302.343 372,036 Green Bay and Western ................. 26,087 47,085 52,675 61.055 31.169 40,202 125.000 125.000
New York, Chicago and St. Louis ......... 1.007.941 2,419.589 46.993 1.323,989 267.000 1.195.000 Lake Sperior and Ishpening ........... d 166.149 15565 d 161.527 d 15 9.758 -
New York, Ontario and Western "**........ d 215.5143 d 57.735 4 37.2 d 763.384 Minneapolis & St. Louis ............... 93.551 270.353 115.040 296,01 70,000 214.000 150.000 150.000
New York, Susquehanna and Western *. ..... 517 52,070 d 14 -, Minneapolis, St. Paul & Sanult Ste..arle 4&0 6 0458 d gj 0 9 01 -
Pere Marquette .......................... 398,605 1,070,166 21 16,0 106,565 northern Pactiofic ...................... 23, 3.,20741 5b7.159 1,28,19 347,700 1,53,700 -
rittsburgh and Lake Brie ................ 192,669 516,679 23943 420311 148,095 280,995 Spokane International................. 20,675 46.755 1,513 28,099 1,959 45.163
Fittstur & Shawut ................... 76.'436 39.965 12.64 24821 11,000 Spokane,. Portland and Seattle ......... 67,827 542.189 4 oS1022d a 21088 176,412 -
Pittsburgh & West Virginia .............. 23.836 394.672 66 59.218 Wisconsin Central ** .............. 267,164 233.036 b -5 i 19,000 -
Pittsburg, Shavwut and Northern ....... d 1781 26114 -
Wabash ............................. 1.360,014 1564246 9 961 638.217 2.747,.474 598186 598.186 Central estrn region Total ........ 39517.251 35,89,375 27.698,520 24,039,455 20,068,634 61,492.137 9,097.990 8,154.799
Central Eastern region Total .......... 14,.930.739 27.810,892 911.770 114.000.877 112.851 14,599.753 1.248.802 1,209,384 Alton ....................... .. 354,949 588,839 14,498 .274,210 2,903 438,'61 -
Atchison. Topeka and Srantas /...... 11,724,836 9,360.655 10,537.32 8287,492 7.111,642 21.572,0000
Akron. Canton & Youngstown ............. 66.551 143.586 28,394 115,592 14,418 98,252 39,h18 Chicago. Burlington & Qincy .......... 8.662.945 6.334.000 7,791.764 5171.662 4,667.300 9.,860,300 -
Baltiore and Ohio ...................... 2,043,968 6,800,2614 1.53 3.155,091 142,ooo ,316,845 Chicago, Rock Island and Pacific ... 3.914.320 4,193,838 1,741.460 1.956.679 1,268.200 5,600,000
esemer and Lk rie .................. 36,643 d 221.798 476.367 Colorado and Southern ................. 80,002 322,658 11,o4 248.704 108,920
Central R.B. of ew Jersey ........... d 6 589,197 2 2,400 Colorado & Wyoaing ..................... d 11.836 45.648 d 24.097 33.052 7,100 22.100
Chicago & astern Illinois ............. 97 a 415.14140 1 bt 1 150,000 Denver and Rio Grande Western ** ...... 1,402,929 2,004.,192 19.920 995,272 133,900 569,000 -
Chicago & Illinois Midland .............. 155.391 135,910 3 89.327 63,400oo 126,600 Denver and Salt Lake .................. 152.157 164.055 67.185 76.389 -
Chicago. Indianapolis and Louisville* 19.715 470.381 a 19920 236.003 130,000 Fort Worth and Denver City.............. 209,118 292.136 35,110 101.337 102.374 159.156
Detroit, Toledo and Ironton ............. 351,446 510,021 3 424,037 167.396 303.297 Northwestern Pacific ..................... 15 126,905 d 539,722 d 9 65 -
lgin, Joliet and aetern .............. 317.56 811094 4200 703.157 540.433 Southern Pacifi........................... 565 547 ,817 28702 1,359.715 7.138900 3772.763 2,829572
Illinois Terminal ...... ........"::::::::: 89 237,699 147,824 85.100 372.300. Southern Pacific Tranp. .tsa s/f..... 974.076 7,800,799 4,412,651 4.587.145 2.645,903 10.955.750 3.772.763 2,829,572
Long Island ............................. 214.905 13622 d 92612 d 3 32.509 Toledo, Peoria a Western lf/ ........... d 2.986 374,687 d 22. 391.815 -
Missouri-Illtnois ....................... 86,112 9.7 91.7 67,67 55,500 121,000 Union Pacific ........................ 7.73 5270.123 5.216,084 4,800,000 14,000,000 5,325.227 5.325.227
Penneylvania ............................ 10.55s 24 14,P23.112 3.520,eo.41 7,961,092 d 1,711877 1.3o6,515 Utah .................................. 33.976 30.199 21,4 16.312 13.500 t10.500 -
Pennsylvania-eading Seashore Lines ..... d 4d28 681 6 L 36.393 western Pacific ...................... 116.1441 1,136,893 933.845 936.910 572,000 2.013,000 -
Reading. .............................: l.:ecoll Z .lU51b 830,746 -1 675.872 1 ,63q.679 699.557 699.557
Staten Island Rapid Transit........... 8660 126575 66 31,861 20.900 Southwestern Region Total .......... 16,067,946 19. 37.395 7.705.068 10.492.992 4.8581.457 26.936.359 80.000
Western Maryland ........................ .O1:121 1,176.382 Bo05bb 696.216 391,000 1,035.000
Wheeling and Lake Brie .................. 448.172 578.139 469.272 537.335 281,00oo 1.370.000 509,827 509827 Beaumont, Sour Lake & Westrn ** ...... 450.373 225.1456 439821 211,91 269.000 552,000 -
Barlington-sock Island ................ 62512 50,779d 36.34 d 5 37 -
Southern District total ............... 38,907.021 38.451.319 27,312.224 27.189.179 17,351.376 52.113.274 12,189,.645 11,364,368 International-Great Northern ** ....... 424,6814 594.55 14193.51 1.000 218.000 -
---Kansa Cit y Southern ................... 9s,324 1,109,80so9 506, 732.9 235,000 800.000
Pocahonta Region Total. ............... 15.323.017 10,921808 114.400.938 9.642,213 8.288649 114.260.123 9.259.223 9.259.223 KeansasOklhom & Onulf ................ 110,573 1509,T72 01189 118.48 73.062 105,0 -
Louisiana a Arkansas .................. 350.138 1452.669 200,60 335.981 136,000 953,600 -
Chesapeake and Ohio ..................... 7,267,8so 5,220,204 6,359.310 4181,0o63 3.850,4 70 4.516.611 5,743,015 5.743,015 Midland Valley ........................ 3527 45.360 16688 20,935 11125 20935 -
Norfolk and western. ..................... 5.910,226 4,167.192 6,102.,867 4,260.318 3.250.000 7.325.000 3.51620 3.5516.20 Missouri and Arkansas ................... d 4 5 230 i-. s3 .5.76 19,5466 -
Richmond, Fredericksburg and Potonac .... 866.522 381,902 930.359 401.753 578.479 1,805,000 Missourl-Kaneas-Texas ................. 1.364,164 93,021 851,706 635.000 1,707,000 -
Virginian ............................... 1.278.389 1,152.510 1,00402 799,079 609,700 613.511 Missouri Pacific ** ................... 4,575,186 5,981055 1,752.653 2,983,263 900.000 7,600,000 -
New Orleans. Texas & Mexico e........ 657352 603,879 205755 161,412 238,000 421,000
Southern Region Total ................. 23,.5B4004 27.559.511 12,911,286 17,56.966 9.062,727 37.853.151 2.930,422 2,105,145 Oklahoma City-Ada-Atoka ............... 29,642 41,222 23,681 34,023 15.787 33.857 80.000
S_______t. Louis. Brownsville and Mexico ,*... 564,340 51.5 35,34 332,548 260,000 867,000 -
Alabama Great Southern .................. 206,984 380,168 168.293 336.132 125,000 98,oo000 St. Lois-an Francisco ............ 1.418,259 2,843,930 d 446 10 930,502 2,166,130
Atlanta and Vest Point .................. 18,582 60.577 23,22 65341 d 27686 124,029 St. Louis, San Francisco and Texas .... 6449 56.96 236 53 96.000 -
Atlantic Coast Line ..................... 1.887,268 1.944,734 2.211.664 2,730.836 00 0 5.25.05,425000 823,427 St. Louis Southwestern ............. 943,490 1,8149.680 518,148 1,418.216 216,494 3,861,430
Central of Georgia ,e .................... 346,086 918.740 49.398 11,803 27.649 179.535 San Antonio Uvalde & Gulf ......... d 57968 d 12401 d 9279 d 157.73 -
Charleston a Western Carolina ........... d 20552 91.034 6464 45,31 65,000 Texas and Now Orleans ................. 2.55361 2.146.252 1888.731 1 .33 1,286,189 3,816,850
Cincinnati, New Orleans and Texas Pacific 662.223 778,310 4513,038 275,000 1,159,000 20,445 20,445 Texas and Pacific.................... 1.592,624 1.408.633 1,226,156 966,861 560,000 3,675000 -
Clinchfield ............................. 867,883 1.069.656 11545 115,473 Teas exian ......................... 64,664 d 68.570 41,979 966516,000 20000 -
~ n-e.p o _._r___.._.. --- --------e* ------e-------- - -- - -- - -- - -- -- --l-l t-i._-A-.- .<& *.'.--L4Jy..i.I^._A .--.jiiJ^ A 9.B- ------ -------------


report ofu receiver or receivers.
** Report of trustee or trustees.
d Deficit or other reverse item.
7 Includes Boston & Albany, lessor to New York Central 3,R.
/ Formerly included in report of Minneapolis, St. Paul & Sault Ste. Marie.


2 RUaSAchison, Top*X & B 8k., Gulf Colorado & ant F e14r., and FanbUO
Data not included In total$- Include$a Southern Pacific Compasqy Texas and Now Orleans
Federal Xanafer's operations terminated 12:01 asm., October 1. 1945.


R.R. Co., and leased lines.


U.S. GOVERNMENT PRINTING OFFICE : 19480-0-657218


77


' ii I1 i


-M




,I.


i~~al /sL4


Subject to reviion


UNIVERSITY OF FLORIDA

IIIII3 1262 08851 215I III I
3 1262 08851 2156


INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANORTCONOMICS AND STATISTICS


Statement No. M-12S
MARCH 1946


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


UNIV. OF FL LiB.






U.S. DEPOT r ~


Compiled from 129 reports (FomlBS) representing 133 steam railways*
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)

Class I Railways Not in
SAll-Cloass I.hilwayr- Receivership or Trusteeship #
Income Items For the month of March FoB the three months of For the months of March For the three months of

1946 1945 1946 1945 1946 1945 1946 1945
1. Net railway operating income .............. ..... / 1o02,03,62 / 10e,706,637 $2,879,?91 a$16.40347 $84,236,731 892,037,1499 $204,367,976
2. Other income.. ..... ... .. ....... -1 ,4-9,371 31444 1,583 4,933,470 12 245 15 13,272,309 36,179,261 40,427,879
3. Total income-..-- 116,502,996 14, l220 294 813, 451 d 4.248,159 97,509,04 128,215,760 244,795,855
4. Miscellaneous deductions from income--...... 2,358,799 2,856,879 7,384,236 7,506,137 2,21,592 2,714,355 7134,394 7,095,222
5. Income available for fixed charges.... 9.477.324 113,61V4,117 1460,766,984 287,307,314 d 6,529,751 94,794,685 121,081,366 237,700,633
6. Fixed charges:
6-01. Rent for leased roads and equipment -- .. 6,638,514 12,834,033 28,290,751 37 ,27,191 6,057,809 12, 32,262 26,306,549 3 90,91
6-02. Interest deductions/ .. ..29,722,270 31,648, 83 3 89,293,399 94,158,290 20,7 9,964 22,814,158 62,281,228 68,162,600
6-03. Other deductions---- 11-7,57 108,5 349,166 323,935 102,276 93,90 4 304,030 275,023
6-04. Total fixed charges .... -- ....... 6,47,71 ,591, 11 117,933,316 132,207,416 26,900,049 35,O00,324 88,891,807 102,829,414
7. Income after fixed charges------- ..------- -- d 595695 69,o54,6 3 22, 833,668 15099 8 33.42 59,791.361 32,109,559 134,071,219
8. Contingent charges...------- : 3,201,352 8662, 422 291 3,186,751 8,608,023 9,4,668
9. Net income a 6.199 65,853,291 14,171,246 1,656,607 36281402 56,607,610 23,581,536 125,466,551
10. Depreciation (Way and structures and Equipment) ...-. 28,571,367 27,606,415 85,052,765 82,425,653 25,866,279 24,975,781 76,957 5 74,531,056
11. Amortization of defense projects-------------------- 677127 19,647,509 1 1,645,020 57,78,926 69,371 7,95,6 1,96, 52,729,533
12. Federal income taxes...--- ---.........--...........-.......... d 23,383.014 107,358,555 24,212,835 280,211,335 d 21.946.713 93,760,o07 22,091,38 245,614,271
13. Dividend appropriations:
13-01. On common stock-----.--..... 21,227,732 6,005,575 41,653,098 24,742,413 21,227,792 6,005,575 41,653,098 24,742,413
13-02. On preferred stobk ---------.-. ......... 8,305,860 1,977,808 14,785,007 7,318,945 8,305,860 1,977,828 14,785,007 7,318,945
Ratio of income to fixed charges/ (Item 5+6-04) 2.55 1.19 2.17 2.71 1.36 2.31


Selected Asset and Liability Items


Expenditures (gross) for additions and betterments-
Road-..... .....-- .--..-- .... ----- ............
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 nd 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 aooount receivable -.... -.---.... -
Other current assets-....------ -- ..- ........
Total current assets (items 21 to 31)- ------


Funded debt maturing within 6 months 4/
Loans and bills payable / -....-... ---
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 n l-----.--.--- -------
Other current liabilities -....- -.-....... .-- -
Total current liabilities (items 41


Sto 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


Class I Railways Not in
Soeivership or Trusteeship #


Balance at end of March .. Banoe at end of March
1946 1945 1946 1945


I 4 1. I. -


647,531,434
50,072,208
g9,315,714


$45,117,546
65,252,012
56:,502,366
2 3.000.276


141,707,359
46,771,839
560,218,291
127.621.915


- 4 C I


973,995,"392
1, 19,152,'4-0.
179, 617,881
461,100
53,819,233
105,077,'4Ae
6iW,411,5oe
29,077,307
230,679,173
Sw.lf79. '.I


1,027,134,625
1,772,293,330
210,60 ,678
411,074
13n5 7 431
619 42,910
613,490,527
32, 28,371
200,941,551
0.Q931.962


4,1 29146QIOQF 4t2,4213qL2&2


124,475,563


4~I0,1487,123
93,502,629
331,8147,'14"

.198,900,500
-38. 73:3461


- 118,129,519


$38,725,051
57,971,580

B97.922.184


821,403,211
1,h2,20-,789
196,674,287
1107,943
44,152,242
120,784,704
4980o46,991
533,186,16
27,727,4I49
229,871,342
47.670.225


91.349,958


10,6o4,058 11,485,000 6,750,000 8,000,000
126,53,57 17,225,08 0 810,8 2,501 150,14o,212
441,3,276 417 ,87 )393,90,933 360,380,706
170,98j,761 20,0o.,71 i1335,13,,951 162,959,392
79 ,016,093 76,539,965 7,71,929 70,187,729
16,189,368 14,799,831 15,909,91 1,519,815
S/ 56,884,139 57,724,307 5,.46,660 55,666,603
35,848,630 13,169,127 358,8,630 13,169,127
309,oo3,338 202,51,678 256,601,781 152,743,739
S665 733,411 1,630,24,"529 51',411,1 1.389,721,523
124.983.908 130.;'47.690 UZ I 2.34 8.65.01


-7T I'IL12.60 P.1rI.


------ 1 2= i 7- -


535,104,1431 1,492,607,390 |I 20 1,20o,2o0,025
130,628,9668 137,539,539 1 103 3.9 109,590,198
430,121,61 542,976,732 35-,275,46o 477,056,077.


__ __ __ __ __ __


I/Represents accruals, including the amount in default.
2 For all Class I Steam Railways the net income was as follows:
Period 1946 1945 Decrease
3 months ended March ....... $14,171,2416 5656,637 1,45,31
6 months ended March ....... 9,990,899 31.357,166 3'1,'366,2 7
12 months ended Marh ....... 315,899905 60.093,067 344.193,162
The net income shown is after deduction of the following amounts taken out of operating
revenues to create reserves for land ant deductions in dispute: Kar. 1946, $196,487-:
lar. 19145, $3,914,813: 3 months of 1941, $755,998; 3 months of 1945, $10,108,8s2.
3/ For railways in receivership and trusteeship the ratio was as follows: Mar, 1946,
blanU ; Mar. 1945, 1.97; 3 months of 1946, 0.68; 3 months of 1945, 1.69.


ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS g/


Railways Reporting a Railways Reporting a
Period Net Income Net Deficit
Number of Amount Number of Amount
reports reports
Maroh 1946 3 $10,115,996 87 $58,942,195
arch 1945 106 68,516,57 20 2,663,256
3 months 1946 65 72,984,339 60 58,813,093
3 months 1945 100 156,779,434 25 11,122,827



SEILLIOS NET INCOME- ALL CLASS I RAILWAYS ,,uLos
OF DOLLARS OF DOLLARS


60 v--- s0



0 10


-20ol


-401 111111111,11 1 1 -40II~


-so


F MuA4J ASON
1944


1945


1946


: f Inoludes 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 rort.
is noludee obligations which mature not more than one year after date of
Z Excludes reports of 4 roads for Ma.'oh 1946; 3 roads for March 1945; 4
ros for the three months of 1946; and 4 roads for the three rionths of 1945
whOee net income (or deficit) was absorbed by the controlling company.
; Excludes Toledo, Peoria and Western Railroad. Road not in operation.
# Figures Lnclude returns of the Chicago, Milwaukee, St. Paul and Pacific
which emerged from trusteeship on December 1, 1945.
!/ Net railway operating income ie affected by accruals for recent wage
awards, retroactive to January 1, 1946, in the amount of $147,146,830 for the
month of March and $148,175,877 for the three months ending with March.
S Decrease or deficit.


F---


r y ,


L-


0 1-


5e. ...- ..., J .-. .,- --------------------


32.


. -,, sw....... ..ns,. ,---. -, .,-, --,,---


52-


-Ica kom -om


k Ole).17M 60y,


114,757,140-


2 036 769 557


J F M A M


!k








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 1946 AND 1945


T aRALWtAY cERATING NT INCOME A INCOME DIVIDEND NT RAILWAY OP RTI a i ICOF raEmAL INCOME DIVIDED
IICOM !TA& S APPROPRIATIONS INCOME TALS APPROPRIATIONS
Region and railway region and railway
19116 1945 19116 19 19116 1915 1946 1945 19116 1945 1916 1945 1946 1945 1946 1945

United States total ................... $10.706.637 t$2149.879.981 $14,171.2116 $145.656,607 $24,212.835 $280,211.335 $56,438,105 *32,061,358 Southern Region Continued
lasten Distriot Total ................ 9,613.950 83,659,107 d 30.228.362 41,923,152 d 7.107.64 43.159,69 18,498,543 4,725.007 Columbu and Greenville ............... 14,102 $57.910 $20,990 $63.553 $17,0144 $30,843 $9,850 $19,700
Florida ast Coast ** ................. 1,718,763 1,906,420 691,922 885,192 523,245 1,783.492 -
evw Inglend gion Total .............. 679,243 6,oo00,107 2.998.549 2,613.241 564,486 3.890.5142 65,826 110,377 Georgia .a. Lssee Organization .... d 70.56 525,290 -
Georgia & Forida .........,......... 36,811 201.5251 165.34 -
Bangor and Aroostook .................... 629,611n 4,397 500,841 321.797 309.203 934,769 47.850 95,700 Georgac Southern and Florida .......... 134.810 195.278 69.033 110,095 50,000 346.000 -
Boston and Maine ........................ 4110,368 1.538,041 9 572,503 523,515 70,105 1478.495 Gulf, Mobile and Ohio .................. 275.6146 1.023.855 241 7,300 1,18s,ooo000 -
Canadian National Lines in N ngland .. 4 310.76 d 334 6 356.414 382.548 inois Central ...................... 3.714577 6751999 1.580,680 4,666.,422 1,144500 8,485,000 -
Canadian Pacific Lines in Maine ......... 217.645 35097 Loisvnlle and Nashvrille ............. 4,961.959 6.366.536 3.817.310 5.301.952 2,614.260 11.829,760 2,059,200 2,o047.500
Canadian Pacific Lines in ermont ....... d 407.807 6,748 Msissippi Central ................... 22.325 80,794 3913 63,030 40,112 -
Central T6raont ......................... 275154 239 a 68107 362.20 24230 43609 Nahville, Chattanoog & St. Louis .... 6051 1,626,828 4 385029 1,278,357 d 161.298 870,307 -
Maine central ........................... 313.829 495.294 62,813 192,020 80,698 150,887 17,976 14,677 New Orleans and Northeastern .......... 190,547 373.195 134.43 310.330 90,000 888,000 -
New York Connecting ..................... 358.016 341,198 168,1497 132.175 120,000 Norfolk Southern ...................... 37,190 142,597 6 5 34,662 25,100 -
ew ork, Nov Haven and Hartford ** ..... 127.280 4,111983 1.903.263 2,483,327 80,250 2250,000 Seaboard Air Line ...................3,585,290 5.300,695 1,66.411 500,000 5000,000
Rutland ** .............................. & 129,221 206.436 217,113 294.83 Southern .............................. 5.592.851 8,477,785 2,841294 5,506,967 1,870,000 15,156,000 -
--Tennesee central .................... 30.252 118,204 a 83.964 62,289 25.841 17.500 17.500
oreat Lakese Bgion Total .............. 6,777,395 28.971.155 A 8,245.019 12,001,1118 7.3728147 13,352.727 3,282,8116 2.875.212 Western Ry. of Alabma ................. 73,150 118.470 64,757 109,839 5558218.719 -
YTasoo and Mississippi Valley .......... 102,215 1,180,582 d 300.976 513,541 1,118,000 -
Ann Arbor ............................... 67.279 143.323 12,641 86,018 10,219 56,985 ---
Cambria and Indiana ................. 243.677 149,529 239,676 145,155 168,084 252,333 60,000 60.000 Western District Total .............. 56,858,606 106,792,511 19,636,865 62,210,291 13.264,063 155,790,955 24.957,906 15.179.972
Delawae and Hudson ..................... 839.721 1.159.574 244.454 521.299 414,000 --
Delaware, Lackawanna and Western ........ 1,004,337 1,209,605 d 29602 288196 d 24.560 -- Northwestern Region Total ........... 1,018,663 20,971,501 410812,995 7,674.478 d 2985,356 14,096,119 9231,698 574.975
Detroit and Mackinae .................... 20,-472 2,264 114 18195 1,000 -
Detroit and Toledo Shore Lin ........... 148.999 189,52o 121,396 158,657 81611 5,206 60ooo000 60,000 Chicago and North Western ............. 498.290 4797,38 1 00 3,148s.191 2.oo,000ooo 1,143,159
rie .................................... 207.947 3,6o01.42 0 d 156862 1.1481,687 1,350 784,507 2,017,026 2,017,026 Chicago Great Western ................. d 10.339 717,475 91014 53921 9,700 228,819 228.815
rand Trunk western ..................... 8579 1,4381481 1.885,863 375,807 22005 Chicago, Milwukee, St. Paul Pacific ,371,390 7,52,705 1,26.521 4,198,888 3.037.000 5.233,o233,000 5.608,700 -
Lehigh and Hudson River ................ 64,798 80,096 72,708 84,890 47.1486 146,057 47,070 Chicago, St. Paul, Minneapolis Oaha 827.428 824,58298 5 250,80so 16s.00ooo -
Lehih and New England .................. .246.627 209.598 211302 143.32 129508 45,758 Dluth, Missabe and Iron an ........ d 705.1 3.70.062 .91 d 3.381.733 -
Lehigh Valley ......................... 1,526,669 d 4.37 20 a 1.790.318 Duluth, South Shore and Atlantic ** ... 15951 52.050 d 232.614 176291 -
Mononahela ............................. 368078 297,762 254,040 179.003 109,500 94,775 Duluth, Winnipeg and Pacific .......... 30503 9,003 138227 100 070 -
Montour ........................... ... 150.47 121, 148,721 119,64 89.314 86,638 Gret Northern ........................ 7.61 4,009,927 4 1.477902 1.623824 2,890,000
ew Tork Central / ..................... 49.336 11,129.96 6.235.053 5,64,758 4 7,447.136 2585,604 Oreen ay and Western ................. 13,420 67,212 37.808 76237 42.765 59.280 125,000 125,000
New Tork, Chicago and St. Louis ......... 926,231 3,620,747 22, 2,196898 39000 2,991,000 360,564 Lke Superior and Ishpeing .............. 236.767 195.79 232.91 192624 9,758 107,100 -
sow York. Ontario and Western ........ 9 4 661.571 128 93.299 Minneapolis st. Louis ............... A 3.33 47093 2 8.09 355,300 150,000 150,000
New York, Sasquebaann and Western ** .... 62.907 127,802 8 d 1437 18,864 Minneapolis, St.Paul& Sault Ste. Mare 936.803 16ll d 976857 79306 1,797,760 -
Pore Marquette .......................... 3,0142 1,947,165 3 1,416,454 10,000 1140,000 Northern Pacific ...................... 1,837,414 4,602635 650313 1,638,12 2,105700
Pittsburgh and Lake Brie ................ 441,950 972,415 492,031 767,74 331,185 706,150 Spokane International ........................ 30,874 71,1, 987 43,732 79 80,426 71,160 71,160
Pittsbturg & Shawmt ..................... 89,518 64,968 d 6 534 32.290 10,906 Spokane, Portland and Seattle ......... 111,098 793,702 726.801 8 597 350,713 --
Pittsburgh & West Virginia .............. 15,398 635,322 10 064 42,589 119,87 Wisconsin Central / ............... 22575 412,009 626 4459 54,ooo 000 -
Pittsburg, Shawut and Northern ....... 4 20.7% 2 4.669 ....4 54 d 61.11 -
Wabash .................................. 1,56,6 1 2,561002 980.383 1.575.545 27.038 4.589.052 598.186 598,186 Central Western region Total ........ 37.985.748 56.614.034 25.122,947 38.238,549 15,009,193 98.9o6,316 15.516,208 14.344,997
Central astern Region Total .......... 2,157,312 118.287,845 18.,984.794 27,308.763 299.333 25,916,380 15.149,871 1,739,41s lton ................... . .................... d 39 1,335,672 895 8,900o 49,354 782,618 -
-- --Atchison, Topea and Santa fe/ ...... 13,078118 114,441,333 11.898.247 12,799.394 8,411,219 33,682,000 3.640o,590 3,640,590
Akron, Canton & Toungstown .............. 77.753 211,251 20,030 167,701 8,877 165.752 39.418 55.095 Chicago, Burlington & Quincy .......... 9.733.544 9,002,474 8,478.052 7.350.762 5,098,400 15.501,100 -
Baltimore and Ohio ...................... 4 1557.659 10,870,636 7.52.05 5.157.367 4 92.916 6,29.207 Chicago, Rock Island and Pacific ** ... 4.025,856 7,211.631 906,553 3,801,022 686,620 oo00,000ooo -
Bessemer and LakeB rie .................. 67.004 7.080 211.361 a 462384 -- Colorado and Southern ................ d 28.139 632.335 131.472 592,843 268,948 -
Central a.a. of w Jersey ........... 534,943 1.434.77 973 383,273 3,600 320,000 Colorado & Wyoning .................... 6. 67.554 d 25.13a 148,775 7.100 32,600 -
Chicagoo & Eastern Illinois .............. I 594.109 757,157 376,947 416,500 383,863 Denver and Rio Grand Western **...... 1,114,W0 3402,419 266 4 1.904,583 1,086,700 -
Chicago & Illinoi Midland .............. 197,203 213,997 118,293 135,847 72.500 200,600 Denver and Salt Lake ................... 177.314 245,520 49.556 113,035 -
Chicago, Indianapolis and Louisvilles i 129.781 703,891 49.799 .366778 200,000 Fort Worth and Denver City ............ 77346 422,969 4 190.698 6.826 234,55 -
Detroit. Toledo and Ironton ............. 3971 74,866 275664 617.85 175,015 157,317 Northwestern Pacific .................. : 526.600 158,093 4 853.381 4 14.622 -
ln, Joliet and Eastern ............... 3 76 1.387.154 510337 1.221.033 897.925 southern Pacific...................... 2611,062 9,o089,36 7251 570,036 d 2 000 12.869,505 3.772.763 2,829.572
Illnois Teninal ....................... 1 7,20 377. 187 34,002 20,871 64,0oo 671,700 125,000 Southern Pacific Tranp. Syste / .... 7.333,036 12.169,581 3.3o0835 7,733.271 3.968.o00 19,281,482 3.772,763 2,829,572
Long Island .............................. 8.738 01.663 a 1.331.013 & 866.019 ,8.629 Toledo, Peoria & Western ......... -
Missourl-Ilntnois....................... 115,43 111058 125.33 1,70 77,000 222,000 Union Pacific ..................... 7.075.182 8,848,665 5.29619 8,883,224 3.200,000 23,000,00ooo 5.325.227 5.325,227
Pennsylvania ............................ 2.so809926 26,346.219 7.7- 349 16,803,144 2.172.250 8,558.317 13,167.754 Utah .................................. 53.396 44,0 3.,615 23.569 21,500 15,000 -
Pennsn Lania-Reading Seashore Lines ..... 1 1.009.876 50.043 d l1.240976 d 797.964 91.8 72.208 Westrn Pacific ....................... 991,156 1,711,093 717,047 1,.410,202 572,000 3,033,000 2,777.628 2,549,608
Readingta ............................ 1522 36 3.260,862 579,39 1.876-966 551:93 3.218.125 1,049,009 1.049,.496
tatn Island Rapid Transit ..t........... 1 214471 a 291. 68,035 45,100 Southwestern egion Total ........... 17,854,195 29,206,976 5.326,913 16,297,264 1,240,226 42,788,520 210,000 260,000
Western Maryland ....................... 1.394.203 1.773808 765, 80 1,053088oss 551,000 1.703,000 -
Wheling and Lak rie .................. 599.195 919.297 620.500 857.525 370,000 2,250,000 509,827 509.827 B ont, Sour Lake & Western ** ...... 717.275 373.181 700,709 352,911 269,000 923,000 -
Burlington-Rock Island ................ 74,205 107,313 7.255 42.36 -
Southern District Total ............... 42.234,0.1 59.428,363 24.762,743 41.523,164 18,o56,166 81,260,731 12,981,656 12.156,379 International-reat northern ** ....... 36,750 936,649 582.00 332,023 68,000 -
Iness city Southern .................. 1,222,352 1,574,983 671.964 1,086.208 325,000 1,550,000 210,000 105,000
Pocaeontao Reon Total................ 19,50,213 16,879.887 18.390,919 14,990,256 11,074,559 21.936,265 10,41,011 0,0o41,011 n ra Oklahoa & Oulf ................ 182,129 249,0914 147.166 199.858 97,470 186.401 -
Louisiana & ArkanM .................... 475,057 667,837 256,40 446851 125,000 1,274,600 75,000
Chesapeak andOhio ..................... 9,678,669 8,167.364 8,308,022 6,637,484 5.039.299 7,427,610 5.743,015 5.74315 Miland Valley ............................ 3,869 71,779 ,700 25147 5,800 25,147
Norfolk and Western ..................... 7.0.805 6,376.316 7,541,683 6,527.050 4.500.000 10,575,000 3.516,208 3.516.20 Missouri and Arkansas ................ 53.667 12,606 52.188 14,808 4 541 13.395
Richmond, Fredericksburg and Potomac ... 1,04,011 569821 1.122,169 59685 678.220 2,835,512 Missouri-nss-Texna ................. 1,307.028 2,119,742 632,069 1,36,249 495,000 3,053,000 -
Virinian ............................... 1.765.728 1.766,386 1,419,07 1228,868 857.040 1,098.143 781,788 78188 Missouri Pacific ................... 4.672,596 8.783362 42,640 4.289.942 11.470,000 -
ewo Orleans, Texas & Mexico **......... 925.317 949,964 249,945 281,s63 238,000 637,000 -
Southern Region Total ................. 22,729.868 42,548,1476 6,371.794 26,532,908 6,981.907 59.324.1466 2,9140,645 2,115.368 Oklahom City-Ada-Atoka ................ 23,028 55.408 13,193 43,852 8.795 43,686 80,000
St. Louis. Brownsville and Mexico 797,959 742,673 608,300 564,373 260,000 1,473,000 -
Alabema reat Southern .................. 106,911 525.448 48,282 458.951 34,000 1.391,000 St. Louis-San rancisco ** ............ 265.186 4.459,014 3.063.415 1.719.187 3.570480 --
Atlanta and West Point .................. 21.770 92,113 29,799 99.682 73.917 202,780 St. Louis, San Francisco and Texas .... 47190 81,387 19,871 53,611 d 216 145.044 -
Atlantic Coast Line ..................... 361,712 3,290,070 432,618 3.954.320 8.500,000 823,27 St. Louis Southwestern ........ ..... 1,164,428 2,906,995 519,164 2,256,565 205918 6159.926 -
Central of Georgia ** .................. 1 9,995 1,121,434 1.135.967 260382 41.474 269.302 San Antonio Uvalde & ulf .......... d 162.563 d 2014.481 d 216512 539- -
Charleston a western Carolina ............ 799 153297 1 85.252 95,000 Tes ad New rlean ................. 7217 3379.744 3732,066 2.323.023 d 1.201.000 6,411,977 -
Cincinnati, Nw Orleans and Texas Pacifi 763.251 1,190,631 375,895 762,729 215,000 1.691.000 30.668 30,68 Txa and Pacific.................... 1,868,865 1.981,927 1304,48 1,324,986 388,000 5,355,074
Cl0 chfield ............................. 1,234,704 1,592.234 173,181 173,210 Tes Mexican ......................... .. 60,589 l d 42,231 23,408 d s 4.444 24,000 28,790 -
* Report of receiver or receivers. 2 / Inclues Atchison, Topeka & Santa e Ry., Gulf, Colorado & Santa e RBy., and Panhandle d Santa Ie. Ry.
* Reort of trustee* or trustee. / Data not I4nclud.d in to talt Ins teld s Soth rn PacificCo, Ot anb Teas a 11 nd. lo Orld no R Cot and leased lines.


d Deficit or other reverse ite.,
a Includes Boston & Albany, lessor to New York Central B.R,
S oreraly Included in report of Minneapolis, St. Paul & Sault Ste. Marie.


itmmvxcude Ino U ls. cindes outnr pe it uop".w a y mo ren x.z. u., a walus
.j federal Mana&Wrs operations terminated 12:01 adm., October 1. 1945- Road not In operation.

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





27e/~re-# /~


Subject to revision


UNIVERSITY OF FLORIDA

1111111111111111111 INTERSTATE COM ERCE COMMISSION
3 1262 08851 2164 BUREAU OF TRANSPORT ONOMcS AND STATISTICS

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


Statement No. M-12S
APRIL 1946


UNIV. OF FL LI.






U.S. DEPOTORY


Compiled from 129 reports (Form IBS) representing 133 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 For the four months of For the month of April For the four months of

_______ 1946 1945 1946 1945 1946 1945 1946 1945

'1. Net railway operating income.. -- ...-.----. -/$10,127,74i. $95,065,325 118,83t3,376 $344,945,307 $6,368 88 $80,153,:03 98,6,38468 28452,190
2. Other income -13-,79,237 13,1Q]2, 85 -0 1023 58,035,052 12: 12,128,635i 147,67"4,818 52,552,514.
3. income 2917,978 10866 907 1 9:199 2,980359 18 5 9281,83 17,08 16. 337,077,69
4. Miscellaneous deductions from income-. ..--.-...--.- 2,230,20 2,557,314 ,61,4,4o 10,O63,151 2,135,4.' 2,443,40 9,269,856 9,538,626
5. Income available for fixed charges .... 21,687;77 105,609,593 1 36,732,9 89,838,434 137,814,308 327,539,068
6. Fixed charges:
6-01. Rent for leased roads and equipment .... 9,85,685 11,936,055 38,15,435 9, ,2 9,7,23 11336,810 3, ,971 5,727,802
6-02. Interest deductions1. .-..... 29,885,157 30,88.387 .119,J78, 5o 125,3 ,67o8 20,892,822 22 ,o,5 8 3 o053 90,220,139
6-03. Other deductions... 1 106 521 11... O... -1742,456 172 9 201 3 7,92
6-04. Total fixed charges- ----- ------963 15110 7 302 114982 1367,93
7. Income after fixed charges- ..-................... d ... 62 6i 2174 7 1.1 519 1 1 317,05 19,3 ,5
8. Contingent charges ----...., 2 3. 3 X1O1 i 1: 1"8,O 112 O d 3256 11:18 992 12'50' 89
SC ntinco n.059 d 07 20 d 16.31. 53,075,695 7 268091 178,2,2

10. Depreciation (Way and structures and Equipment)...... 28,10,926 27,707 113,33,6 2 110,33,29 24,979,1 24:,2 6, 799, 24,673 6,6327
11. Amortization of defense projects........-----------..---- ---46 19,.62 26 7 ,
---------------------- ---- --- d 6% 98 91,7,9 17 5918M 3R: 659027 77,390. 37 7 ,01 'so 13,9,937 311,359,753
12. Federal income taxest6 .. .......d 6 ........ ,20.9 1,4 92 17, .6927 73 6, ,8 3, 7 ,769
13. Dividend appropriate ions 28,87692 3210,609 105279 707 2 6
13-02. On preferred stock --.-.. 789,133 1,281e 6604 15,57.10 8,600,591 789,133 1,281,646 15,574,10 8,6oo00,591
Ratio of income to fixed charges/ (Item 5+6-04) ... 0.54 2.46 1.03 2.214 0.55 2.68 1.16 2.40
^~ls I Railways Not___in_


Selected Asset and Liability Items


Expenditures (gross) for additions and betterments-
Road--..-.-.-.....--- -- ---.......----.
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 -...
Aocrued accounts receivable
Other current assets ....... .
Total current assets (items 21 to 31) ....-....


52.


Funded debt maturing within 6 months 4/ .----
Loans and bills payable V/.-------..-.- ..
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 liabilities- .. ........- -..-
Total current liabilities (items 41 to 51).


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


All Class I Railways


Class I Railways Not in
Receivership or Trusteeship#


Balance at end of April Balance at and of April


.1 1946


I I


$65,701,212
68,398,759
586,987,85
1fi Tc 7E


21~j9:5



29,099,R?.2


$63,532,185
89,717,525
263,124,612


1,128,287,887
1,895,495,783
2 1,4g5,30
57,108g,912
520,56,0"7
602,50o8,12
61O, 31783*1
35,1o9,512
279,950,103
fell:20!


053,882,20.4
57,156,900
557,876,950
89.323,215


860,755,Po
1,107,3,7
200, ,69
i,' 1 7
30,4 2707
83,567,597
S323,01300
527,15,557
23,807,083
I 1,0g8,498
1 6> h u


$51,569,393
74,837,836
534,54,807
19 220.319


905,297,949
1,490,329,79
205,33,o066
40,o122,06
123,79,893
487,794529
530,o5,37
30,2E6,615
229,22, 729
48.365.178


. non QI. 9 4 7


4,107ug,716,4491-. _______________


~k~i ~-I,


1~298,23a
q117,q86 i


2 .ok 2 l.C 051


11,485,000





20,73o06l4
1.,7:o,713,192


7,000,000
4.93,939,01o0
.13,085,166
10,174,173
56,388,557

226,257,700
570,176,821


9,000,000



16,o27,34:


2.9q.021.q957


I ~ ---.. 4 ~ I. ~ -. -.


4035,l141,2031


551,000oo,395


j/Reresntsaccuals inludng he aoun indefult


1/Represents accruals, including the amount in default.
2/For all Class I Steam Railways the net income was as follows:
Period 1946 1945 Decrease
3 months ended April a d4 .79. $4161,994,320 202,703,788
6 months ended April 311,512,875 344,146,876
12 months ended April 671.181.066 4.fq6.g84

The net income shown is after deduction of the following amounts taken out f operating
revenues to create reserves for land grant deductions in dispute: April 1946 131,808;
April 1945, 83,618;629; 4 months of 19%, $887,806; 4 months of 191., 013,72t,51. .
3/For railways in receivership and trusteeship the ratio was as followsl April 1916,
0.52; April 19145, 1.68; 4 months of 1946, 0.64; 4 months of 1945, 1.69.


465,396,517
105,O80o,
329,099,435


1,373,461,202
111,933,986
481,287,267


ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS 6/


Period


Railways Reporting a Railways Reporting a


Railways Reporting a
Net Income
umber ofl Amount
reports


April 1946
April 1915
4 months 1946
4 months 1945


1 .0y-6-,10 1 78


$10,868,600
60,645,221
78, 55,262
213,43,553


Railways Reporting a
Net Deficit
Number ofl Amount
reports I


21
65
22


$31,862,086
1,223,605
85,677,503
8,365,333


MILLION. NET INCOME ALL CLASS I RAILWAYS MILLIONS
OF DOLLARS OF DOLLARS

80 -- -- -- ------------ -------- 40
60. ---- a --- -- \ --------- 60

40 .-- -- --_- --------- --------- 40

tO ----------- ------ --- ---- 20



-20 ------------------- -- -- -1 -
40 ~-4



-..... ...., MAMJ.J A..ND MAM. J ASI SO


J F M A M J 4 A 9 0 NDJFM
1 944 1945


1946


/ 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 April 1946; 4 roads for April 1945; 4
road for the four months of 1946; and 5 roads for the four months of 1945
where net income (or deficit) was absorbed by the controlling company.
Excludes Toledo, Peoria and Western Railroad. Road not in operation.
# Figures include returns of the Chicago, Milwaukee, St. Paul and Pacific
which emerged from trusteeship on December 1, 1945.
A/ Net railway operating income is affected by accruals for recent wage
awards, retroactive to January 1, 1946, in the amount of $2,178,311 for the
month of April.
d Decrease or deficit.


a s I s a 5 1


.I-


.. . I -in


50.eu*eU ".O- n a--- .


- ^--- -- 4rn


5 I -- - .


32-


- -
r ,,


-I-


-I --I


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


-1 r-


1945


-L


-1


Qw; Zq 1 1.159.210.318
=6" Z 1


'i ik hoh ma


:nrlmg iftrt I


UC8 9y -n 10


3.0 3:137: 53; 1. 735: 71: 66








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

FOR THE FIVE MONTHS ENDED WITH MAYX 1946 AND 1945


NET RAILWAY OPERATING ,N FEDERAL INCOME DIVIDEND rNT RAILWAY OPERATING FEDERAL INCOME DIVTIDND
INCOMo NwI INCOME TAXES APPROPRIATIONS ICOMENIT IN0CE TAKES APPROPRIATIONS
Region and railway _Region and railway
1946 1945 1946 1945 1946 1945 1946 1945 1946 1945 1946 1945 1946 1945 1946 1945

United States Total ................... $114,603,472 $448,579,002 d $42.897.521 $273.772.354 $9,636264 $1481,568.938 $86,651,822 $88,367.128 Southern Region Continued
Eastern District Total ................ 9.537.313 163.082.340 d 75.918.454 92.783.736 d 14.660.022 77,106,555 22.516,111 25,673.830 Columbus and Greenville ............... 25.223 *41.673 $36.764 $51.339 $13,926 $30,843 $9.850 $19.700
-Florida last Coast .................. 2.363.230 2,717,649 648.238 1.006.332 513.245 2.633.492 -
New England Region Total .............. d 1,237.375 12,909,942 d 7,375.885 6.00.486 580.536 7,593.973 132,056 222,408 Georgia P..R. Lesee Organiation ... d 6.829 852,928 -
-eorgia & Florida .................. d 4.811 27,820 d 89.2814 309.189 -
Bangor and Arooetook .................... 703,696 661.391 486,624 448.697 246,618 1,263.176 95,700 191.400 Georgia Southern and Florida .......... 15 932 341.656 ,27 00,740 32000 4go000 -
Boston and Maine ........................ 467.776 3.005,908 1.138.293 1,262.607 102236 1,070.995 ulf, Mobile and Oho ................ 295.789 1,908,851 d 183876 1.371.140 2,555,000
Canadian National Lines in New ngland .. d 560.009 d 34.200 d 636.7 d 465.071 Illinois Central ...................... 5,892.819 10.945.793 2,360,058 7.491.360 1.734.000 13,696,000
Canadian Pacific Lines in Maine ......... 216,958 790,278 Louisville and Nashville .............. 4,831,899 10.593.814 2,969,154 8,834,399 1.731.075 19.24o0.800 ,118.400 4,106.700
Canadian Pacific Lines in Vermont ....... 63. d 549.451 Mississippi Central ................... 42,274 117.306 1. 79,427 51,
Central Vermont ......................... 191 d 0 d 1.216.083 d 718.558 208 d 32.209 ashville Chattanooga & St. Louis .... 2.250.114 1025 1.688,771 161 2,007,102 255.982 255.982
Maine Central ........................... 465,29 6 89 90 3.840 321856 49,724 518.497 36,356 31,008 ew Orleans and Northeastern .......... 260.58 558,478 165,335 453.785 102,000 1,239,000 -
ew York Connecting ..................... 445.836 77.828 157,050 386,540 173.514 Norfolk Southern ...................... 14.568 227.340 09456 4o.518 29.341 -
New York. New Haven and Hrtford ..... 1,591133 8,010,066 d 91.196 5.087,114 133.750 4,600,000 Seaboard Air Line .................. 97.963 8.235701 161 1.229069 300,000 7.000,000 -
Qutland ** .............................. d 1966"8 d d167.165 d 31123 d 320.699 Southern .............................. 7,032.808 14,120,169 21418.258 9.187.708 1.620,000 24,L4,000
Tennessee Central ..................... d 27.373 158,798 11212 64,413 3.520 39.211 17.500 17.500
Great Lakes Region Total .............. 6,109,543 57.917.852 d 19.713.127 29,648.203 d 13.617.792 25.192,895 6,278,042 9.094,105 Western By. of Alabama ................ 124,595 192.657 109.90 177.623 d 113.01 359.811 -
Tasoo and Mississippi Valley .......... 458.350 2.323 ,55 d 209.693 1.213,407 2,448,000 -
Ann Arbor ............................... 61,.56 297,582 d 28.133 197.316 d 15730 129,184 -
Cabria and Indiana ....................... 188,556 246.513 181.7 3 239,049 114,500 393.730 60.000 60.000 Western District Total .............. 77.797.992 188,216,880 14,897.1108 113.852.221 8.328.774 272,965,446 35.527.672 30.351.942
Delaware and Hudson ..................... 723.047 2.135.776 d 251.920 1,020,08o 63,000 -
Delaware, Lackawanna and Western ........ 1,430.112 2,730,082 d 6 318 227.945 d 704,660 333,000 Northwestern Region Total ............. 161,726 45.713.003 d 19.418.481 23,548,546 d 5. .0 28.184,885 9,381,698 5.677,831
Detroit and Mackinac ...................... 37.020 83.182 d 34811 1.000 -
Detroit and Toledo Shore Line ........... 153,13 8,21 108,817 248.927 73,901 2714,2148 100,000 100.000 Chicago and North Western ............. 8 9,059,331 3.226.108 6.679867 5,070,000 1,143.159
Erie .................................... d 408400 6.80.705 d 6190 3.109.896 d 390.649 1,553,811 3,244,922 3.244,92 Chicago Great Western ................. 1,221.209 d 448,14h8 d 5000 1.005.100 228,819 457,635
Grand Trunk Western ..................... d 1448608 2.127,050 d 3.19 8 3145,2140 388289 170,355 Chicago, Milwaukee, St. Paul & Pacific 3. 0764 12.192,031 109 6,704,250 d 4.662.000 7.071.000 5.608.700
Lehigh and Hudson River ................. 83,050 128,702 896 137.119 65.499 186.539 47.070 Chicago, St. Paul, Minneapolis & Oaha 4 55 1424.571 2400.9 46930 285.000
Lehigh and New England .................. 393.837 289.758 336,351 182,502 206.008 72.837 Duluth, Missahe and Iron Range ........ 1.80. 1.420,227 d 1 7 1.068,014 d 23.813 745814 -
Lehigh Valley ........................... 1.226.599 1.964.775 d 1.531.713 d 838.255 d 122.000 Duluth. South Shore and Atlantic ... 36 224.227 d d 157.34 -
Monongahela .............................. 141,055 396.718 d 52.179 198,785 182,501 157.958 Duluth, Winnipeg and Pacific .......... 90 13.663 d 269.745 9.7 -
Montour ................................. 90,011 253,871 88.457 251,164 52.377 181.877 Great Northern ........................ 1.289 1 8,149600 211137 167909 31.372 8.280,000 4.616.936
New York Central a/ ..................... d 91664 22,461,601 d 10.810,660 12.671.071 d 11.1l3.593 8,090.557 3.223,697 Green Bay and Western ................. 21.8 47.131 d 1. 16 43,724 57.146 98.157 125.000 125.000
New York. Chicago and St. Louis ......... 148.866 7.583,569 130.318 5.510,721 2,991,000 360.564 Lake Superior and Ishpemlng ...........d 89,818 d 431.58 93.860 9,758 62,574 107,100 107,100
New York, Ontario and Western ........ d 615.309 d 79760 d 1.177.170 d 1.328.294 Minneapolis & St. Louis ............... 2476594 d 37 77.276 d 1.865 559.000 300000 300.000
w York, Susquehanna and Western ** .... 1666 277622 2181 39,27 54.979 Minneapolis, St. Paul& Saut Ste. Maria t l8. 522,710 d 1 736 50,408 117.000 1,797.760
Pere Marquette .......................... 425795 3,396,602 b,9 2,558,764 14o,000 14ooo00 northern Pacific ...................... 2, 343520 7.852,106 d 1753.131 2,887,219 3,695.200
Pittsburgh and Lake Brie ................ 612.663 1.957.936 715248 1.522,830 d 617,331 1.501,940 1.727,300 1,727,300 Spokane International................. 50,516 115738 2,66 68,784 d 58679 178,913 71160 71,160
Pittsburg & Shawut ..................... 41,532 104,790 119.237 d 57.53 10.906 Spokane,. Portland and Seattle ......... 162.956 1,50.181 1568.040 83.388 128 707,127 -
Pittsburgh & West Virginia .............. 18,945 1.037.181 179.85 760633 187528 Wisconsin Central /* ............... 243.838 1,110,546 d 265 336,386 06 310,000 -
Pittsburg. Shawmat end Northern ....... d 9682 d 7.488d 153352 98.77 -
Wabash .................................. 229330 4,224674 1.58.72 2.78,609 d 691.326 8,439 446 598,186 598,186 Central Western Region Total ........ 53.04P.935 94.o66,o61 30,725.683 63.589.518 11.583.734 174,376.061 25,727.656 23,613.242
Central Eastern Region Total .......... d 14.409,481 92.254,546 d 48,829 442 57.133,047 d 1.622,766 44,319,687 16.106.013 16.157.317 Alton ** ................ .......... 142 2 2,292.644 d 1877.854 1.479,517 91,752 1,395,860
Ak C n &Atchison, Topeka and Senta Fe c/ ...... 17.75,735 24.453,043 15,087.932 21.334,692 12.305.81 56,038,000 6.744.910 6,744,910
Akron. Canton & Toungstown ............. .1.576 321,908 d 13.890 24.903 d 1,791 225,565 39,418 165.285 Chicago. Burlington & Auincy .......... 11,612.329 13.968.499 10,012.955 11.345,080 5.847.884 25.765,900 -
Baltimore and Ohio ...................... d 6,496.510 19,199.226 d 1611216 9,639.572 d 29.5? 12.846,207 -- Chicago, Rock Island and Pacific *" .. 5,272,879 11,636.071 262,962 5,942,142 253,768 14,000.000 -
Bessemer and Lake rie .................. 511 930,172 d 927 090 307,233 260,767 Colorado and Southern .................d 71631 1,025,932 d 257870 8714,646 425,412 -
Central R.R. of New Jersey ........... 1 2 0 .541 2,722,070 28586 954.957 6.4h2 709,000 Colorado & Wyoming .................... 85,050 1011449 54.435 70,128 d 51500 46,800
Chicago & Eastern Illinois .............. d 1 85 1,274.41 d 153517 576,052 942,9o00 383,863 383,863 Denver and Rio Grande Western ** ...... 801,891 5,574,448 d 1,49,153 3,10.671 4,182.900
Chicago Illinois Midland .................. 110131 394,877 d 2137 261,906 382200 Denver and Salt Lake ................. 161.699 355.833 d 51531 1.060
Chicago. Indianapolis and Louisville .... d 365,108 1,042.767 d 606,255 470.897 258.369 Fort Worth and Denver City ............ d 41.9U 841.226 d 9.358 294,520 12,017 485.927 -
Detroit, Toledo and Ironton ............ 533,938 1.025,047 351.189 815,742 100,100 551,923 Northwestern Pacific ................. d 761.588 223,059 1 2 2.55 3
Elgin, Joliet and Eastern ............... d 61318 2,171,546 4 877.837 1,898.,85 1,369,842 Southern Pacific ...................... 8,1 15,242,471 2,47595 1.o,673 dll 648000 25,796.762 7.545,526 5659.145
Illinois Terminal ....................... 242,95 606.982 17,281 382,19 80,000 1,115.000 125,000 Southern Pacific Transp. System e/ .... 13.547, 8 21,282,362 5.923,692 13.746.250 50000 36.554.858 7.545.526 5.659.145
Long Island ............................. d 989,123 14875 d 1.758214 d 9.1 147.716 Toledo. Peoria & Western f/ ........... -
Missouri-Illinois ........................ 226,155 186,054 28172 183.162 151,000 375,000 Union Pacific ......................... 9.792.070 15.563.199 7.354,209 15.662,300 14,200.000 4.500,000 8,659,592 8,659.592
Pennsylvania ............................ d 6762.96 52.615.680 d 24.107.554 36.710.555 d 3.610.834 14.263.861 13.167.754 13,167,754 Utah .................................. d 628 61.741 d 36.985 26,882 17,000 -
Pennsylvanta-Reading Seashore Lines ..... d 1435.81 d 672,~14 d 182068 d 1.085.715 153,246 120.348 Western Pacific ....................... 1.409,979 2,726,46 989,898 2.201.142 572,000 4.721,500 2,777,628 2.549,595
Reading ................................. 1,978,.30 5,608.243 396,591 3.25".343 606,600 4.435,889 1,748,616 1,749.053
Staten Island Rapid Transit ............. d 241.462 437,936 4d 46.h62 195,580 130.100 Southwestern Region Total ........... 2h.593.331 48.437.816 3.590,206 26,714.157 1.970,055 70,404,500 418.318 1.060.869
Western Maryland ........................ 1.598,602 2,794.392 556,550 1,592.390 496.000 2,4o0,000
Wheeling and Lake Erie .................. 685,527 1,550,744 712,237 1,45.528 426,000 3,705,000 766.362 766,362 Beaumont, Sour Lake & Western ** ...... 1.067.377 605,111 1.037,899 573.462 637.000 1,496,000 -
Burlington-Rock Island .................. 101,:8 271,915 d 148 001 22,1480 -
Southern District Total ............... 46,342.793 97,.279,782 18.123.525 67.136.397 15,967,512 131.496,937 28,608,039 32,41l.356 International-Great Northern ....... 61,431 1,524,813 9716 506.035 746,000 -
Kansas City Southern.................: 1.99,03 3 2.576,945 1,139.325 1.723, 466 600,000 2,650,000 210,000 105,000
Pocahontas Region Total ............... 18,158,050 28,804.337 16,724,781 25,761,986 9,'582,804 36,167.549 20.301,923 23,569.515 Kansas. Oklahoma & Gulf ................. 271.470 40o,367 213.256 320,990 131.258 306,932 208.318 208.294
Louisiana & Arkansas ................. 750,585 1.117.134 396.234 738.385 214,000 2,10,600 75,000
Chesapeake and Ohio ..................... 8.576,225 13.391.947 6.609.727 10,907,760 3.998,814 12,297.810 11,486,031 14,753.839 Midland Valley ........................ 26,372 115.825 46,926 24,281 4,914 24,281 -
Norfolk and Western ..................... 6,951,387 10,725,318 7646,373 11,011.547 4.100,000 17,925,000 7,252.317 7,252.1C1 Missourl and Arkansas ............. ... 6.14 d 125.556 4 7424 4d541-
Richmond, Fredericksburg and Potomac .... 1.361,183 962.838 1.517,390 974,711 922,220 4,796.596 Missouri-Kansas-Texas ................. 10.17,770 3.240,495 724,237 1.998.997 582,000 5,329,000
Virginian ............................... 1.569.255 3,724,234 951.291 2,867,968 561.770 1,248,143 1.563.575 1,563.575 Missouri Pacific ............. 5.980779 114,147,164 d 841.100 6,701,588 17,900,000
New Orleans, Texas & Mexico *. ........ 1,97h,231 1.463,840 829,758 348.297 3,00JO0 967,000-
Southern Region Total ................. 27.884,743 68,1475.445 1,398,74h4 41,734,ll 6,384.708 95.320.388 8.306,116 8.771.841 Oklahoma City-Ada.4toka ............... 45,461 92,850 27.817 73.169 22.833 73.003 80,000
St. Louis., Brownsville and Mexico .. 1,100368 1,334,589 793.516 1,04,223 486,000 2,701,000 -
Alabama Great Southern .................. 105,063 780,605 4,048 669,609 1,985,000 784,725 1,008,932 St. Louis-San Francisco ** ............ d 1.291. 6 7,417.146 5,8998 2,772,051 5.963.180 -
Atlanta and West Point ................... 12,062 156.853 23,098 169715 d 14 66 368,22 St. Louis, San Francisco and Texas .... 3 .66,605 2,115 120,290 d 216 '247,786
Atlantic Coat Line ..................... d 366.931 4,739.527 d ll 6 5 5.828,49 12,70000 1,651,047 1,445,915 St. Louis Southwestern ............. 2,205,820 4,803,808 1,122,211 3.738,166 07 10,194,133 -
Central of Georgia ** ................... 16 59 2.520091 a 2.118g941 588,306 69,123 473,837 San Antonio Uvalde & Gulf ...........d PP6 362 d 262.766 31401 d -
Charleston &Wetern Carolina ........... 1 239219 d 249,'08 126.284 115,000 72,000 72,000 Texas and New Orleans ................. 5.92813 6,039891 3,242812 8,21 1860 000 10758,096 -
Cincinnati. New Orleans and Texas Pacific 1,2991 1,920,822 650,526 1,211.166 05.000 3.005,000 1.396.612 1.845.112 Texas and Pacific ..................... 3,261,152 3.453,897 2,330,463 2,246.848 6'3.000 8,895.074 592.575
Cllnchfeld ............................... 1363,28 2.50,036 8,64 ,68 Texas Mexican ......................... 63.717 45.743 3.61 d 20.03000 48.790 -


* Report of receiver or receivers.
" Report of trustee or trustees.
d Deficit or other reverse item.
a7 Includes Boston & Albany, lessor to New York Central R.R.
b Formerly incl'ided in report of Minneapolis, St. Paul & Sault Ste. Marie.


, Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Sante Fe By., and Panhandle & Santa Fe. By.
e/ Data not included in totals, Includes Southern Pacific Company, Texas and New Orleans R.R. Co., and leased lines.
Federal Manager's operations terminated 12:01 a.m., October 1, 1945. Road not in operation.
U. S. GOVERNMENT PRINTING OFFICE : 1946-0-702097





rrcs?~ ~ + ~


Subject to revision


UNIV. OF FL LI. I


U.S. DIEPOffITOIRY


UNIVERSITY OF FLORIDA

111II I III 111 I I1111II II INTERSTATE CO MM
3 1262 08851 2008 BUREAU OF TRAMNS8


SELECTED INCOME AND BALANCE-SHEET ITEMS OF

Compiled from 129 reports (Form IBS))
(SWITCHING AND TERMINAL O


CE COMMISSION
AND STATISTICS

tSS I STEAM RAILWAYS IN THE UNITED STATES

presenting 133 steam railways*
IMPANIES NOT INCLUDED)


Statement No. M-125
MAY 1946


Class I Railways Not in
All Class I Railliys Receivership or Trusteeship#
Income Items For the month of Uay Fr the five months of For the month of -May For the five months of

1946 1945 V 46 1945 1946 1945 1946 1945

1. Net railway operating income .. a/d 4.772.j7 $103,633,696 $114603,472 $44,.579,002 d .g.208 $87,814,995 695,113,999 $373,198,599
2. Other income 1-,272,247 15,624,108 66707,069 73,659,163 11,947 554 14,603,693 60,890,936 67,204,629
3. Total income .... ... 8,92,67 119,257,804 181 10,54 522,238,165 8,352,346 102,41,688 156,04,935 44,403,228
4. Miscellaneous deductions from income ..- ....... 1,503,640 2,626,433 113.116,462 12,689,886 1,416,338 2,442,250 10,691,689 11,986,366
5. Income available for fixed charges .. 6,989,034 116,631,371 170,194,079 509,548,279 6,936,00o 99,976,438 145,313,246 428,416,862
6. Fixed charges:
6-01. Rent for leased roads and equipment 9,905,340 12,435,908 48 050,775 61,799,156 9,281,548 11,617,927 44,845,432 57,355,642
6-02. Interest deductionsl/ .... ....... 31,029,48 31,654,671 149 724,669 156,997,49 22,116,747 22,60,922 105291,778 113 3,42 549
6-03. Other deductions ....... ...... 12,04 122,955 599,25 551,412 112,778 92,754 521,979 M O747
6-04. Total fixed charges ..... 41,062,852 44,213,534 198 740469 219,347,917 31,511,073 314,319 ,03 1, 659189 171,158,938
7. Income after fixed charges ... .. 34.O73,818 72,417,837 .q 290,200,362 24.7.0 65,656,835 5 943 257,257,924
8. Contingent charges ... .. ,999,5 3,723,702 J717, 16,42,008 2,980,705 3,708,450 14 62 4, 16.359,341
9. Net income/ .... 37.073.662 68,694,135 d 42 97,521 273,772,354 d 27.55773 61,948,385 d 19.970.876 240,898,583
10. Depreciation (Way and structures and Equipment) 28,685,52 27,745,689 142 219,223 137,875,937 25,189,464 24,296,263 124,814,057 120,874,530
11. Amortization of defense projects ----------------------.. 757,14 19,906,733 309,380 97,526,394 571,s16 17,5,216 2,564,705 86,228,275
12. Federal income taxes...... .. 7.963.249 109,910,090 9 636,264 481,56,938 a 7.081.420 94,66,983 6,91,183 406,241,557
13. Dividend appropriations:
13-01. On common stock ......... 22,186,935 41,338,091 67050,641 70,185,782 22,186,935 41,338,091 67,o50,641 70,185,782
17-02. On preferred stock ....... 4,027,041 9,590,755 19 601,181 18,181,346 4,027,041 9,580,755 19,601,181 15,181,346
Ratio of income to fixed charges;/ (Item 5+6-04) 0.17 2.64 0.86 2.32 0.22 2.91 0.96 2.50


Selected Asset and Liability Items


Expenditures (gross) for additions and betterments
R o ad ................................................................................. ................
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 (ite 2121 t 1


I-
1-
19


All Class I Railways


Cl ass I Railways Not in
ReceIvership or Trusteeship#


Balance at end of May B4lanoe at end of May


083,496,649
91,248,967
588,928,154
174,525.98Q


851,332,995
110,397,847
563,951,368
24r 6n io.1


. -IZ222. -. .0 1 493,5 1'11[4. d


1,o44,482,125
1,367,556,295
199,630,432
476,239
35,893,753
,29,524

29,26,315
194, 526,575
32. 22,849


I1 Q79 40.l 4o227


1,242,795,643
1,812,006,393
292,232,307
59, ,5
14.,375,102
614,537,340
605,825,835
40,286,o65
285,241,177
e 0 i 1 T .


,ka Ehm L6


860
1,049
187
27


2
16k!
M


104,267
340,944
511,697


808,725
756,927
123,1475


a, 315
195,65
9,261
14 4,


$66,147,1987
93,002,50o
541,467,389
107 LL.7 702


1,041,792,867
1,438,942,078
281,992,410
375,653
3,291,932
126,320,552
499,729,858
526,o63,92o
34,784,516
235,210,939
527.gl701Q


32. T -x..curen asset s ems o t 31) .[. 5. 45,U.d7 9,1 8.,8 49.b, 3. .7,28 ,1 J 7. ,27b.361 -744
40. Funded debt maturing within 6 months4/ .... 127.777.166 131.697.820 120.80.006 106.224.229
41. Loans.and bills payable/ ........ 10,54,058 3,95,000 7 ,00,000 500,000
42. Traffic and car-service balances- Cr. 104,750,451 170,569,853 90 23,602 150,267,134
43. Audited accounts and wages payable 516,861,216 491,260,589 451588,962 424,391,003
44. Miscellaneous accounts payable 166,235,119 206,776,637 130 39,369 167,931,941
45. Interest matured unpaid- .. 50,551,856 100,501,994 44, 1,393 94,158,095
46. Dividends matured unpaid ,779,878 8,313,990 502,16 8,03,1
47. Unmatured interest accrued 59,158,808 61,45,862 58 2,555 60,676,675
4g. Unmatured dividends declared 39,703,490 60,46,212 39 03,490 60,146,212
49. Aoorued accounts payable ... ..... 225,870,64 221,369,733 18 6,2914 171,296,673
Taxes accrued ... ...... 671,719,332 1,799,669.4 558,5,177 1,549,590,624
Other current liabilities...........14.824901 149.22.669 137 25,648 139.667.861
52. Total current liabilities (items 41 to 51) 2,003,310,033 3,280,044.283 1.713, 28.658 2,826.984.359


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


542,183,567
129,535,765
396.,659,857


1,655,524,909
144,144,765
56o,544,0o


I/Represents accruals, including the amount in default.
/For all Class I Steam Railways the net income was as- follows:
Period 1946 1945 Decrease
3 months ended May6y 6 44 $190,747,825 $296,113,266
6 months ended Nay 6 316,91,732 419,352,364
12 months ended May 7u1s.SO- 1on6o7.g 41 1751,'
The net inoome shown Is after deduction of the following amount taken out of operating
revenues to create reserves for land. grant deductions In dispute: may 1946, *24i,550;
may 1945, 3,629.,093; 5 months of 1946, 1l,129,356; 5 month of 1945, $17,356,5.42.
3/ rFor railways In reeiverehipm and trusteeship the ratio was as follows: May 1946,
O.o,; May 1945, 1.68; 5 months of 1946, 0,52; m-oth. of 1945, 1.68.


444472,441
113 72,736
323,054,180


14432,Z4l,279
487,588s,6


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


Period


Railways Reporting a
Net Income
numberr of Amount
reports Amount


May 1946
May 1945 106
5 months 1946 54
5 months 1945 10l


(8,935,694
9,985,115
80,386,266
280,911,999


Railways Reporting a
Net Deficit
Number of Amount
reportsI


?o $46,009,356
19 1,290,980
71 123,283,787
17 7,139,o45


MILLIONS NET INCOME- ALL CLASS I RAILWAYS ,Io,
OF DOLLARS OF DOLLARS
"A~asns o hA.


eo0


so


40 1 "V1 40

90O20

20 -------------------- -- -20
-to -6o



-s0 -- -40so
o,,, ,. o .,. ,,o~,, ll~ llslllo"


1944


S 4_/ Inoludes payments of principal of long-term debt (other than long-term
debt in default) which will become due within eix months after close of month
Sof report.
of/ Includes obligations which mature not more than one year after date of
I E xoludes reports of 4 roads for May 1946; 4 roads for May 1945; 4
roa for the five months of 1946; and 4 roads for the five months of 1945
where not income (or deficit) was absorbed by the controlling company,
Exoludes Toledo, Peoria and Western Railroad. Road not in operation.
S Figures Include returns of the Chicago, Milwaukee, St. Paul and Pacific
which emerged from trusteeship on December 1, 1945, and the Chicago, Indlan-
apolls and Louisville ay. Co. which emerged from trusteeship on May 1, 1946.
/ N et railway operating income is affected by accruals for recent wage
Awards, retroactive to January 1, 1946, in the amount of $1,052,261 for the
month of May.
d Decrease or deficit.,


. I


i -- 1-1 e W 1


-11


, 1


I


, ,,
,,,
,, ,,
,


6>- Ifr- nl*


42 79 i4 744


1945 1946








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

roa THE FIVE MONTHS ENDED WITH MAX' 1946 AND 1945


NUT RAILWAY OPERATING FEDERAL INOME DIVIDEND W EAILWAY QPIRATINGO niDERAT L INCOME DIVTID
INCOME N 1N IrOOE TAXIS APPROPRIATIONS INCM TNT INO APPROPRIATIONS
Region and railvey Begion and railway _
1946 1945 1946 1945 1946 1945 1946 1945 1946 1945 196 19145 1946 19145 1946 1945

United States Total ................... $114,603,472 *449.579.002 d $42.897.521 $273.772,.354 $9,636,264 $41g.568.938 $6.651,822 $88,367.128 Southern Region Continued
eastern Distriet Total ................ 9.537.313 163.082.340 75.918.4514 92.783.736 d 14.66o.022 77.106.555 22.516.111 25.673.830 Columbus and Greenville ............... $25.223 $41,6773 36,764 $51.339 $13.926 $30.843 $9.850 $19.700
SFlorida ast Coast "*.................. 2,363.230 2,717.49 48.238 1,006,332 513.245 2,633492 -
New aEland Region Total .............. d 1.237.375 12.909.942 a 7,375,.85 6.00P.486 580.536 7.593.973 132.056 222,408 Georgia HR.. Lessee Organiation .... 6.9 852.98 -
Bangord andorooso. -- -- --G-eoraa & Florida ...................... 54 1 27.820g d 3g.4d 309.19 3 -
Banger an Aroostook .................... 703,696 661,391 486,624 418,697 246,618 1,263.176 95.700 191.400 Georgia Southern and orda .......... 15932 341.656 8.127 32000 000
oston an Maine ........................ 467.776 3,005,90 d 1.138.293 1,262,607 102,236 1,070,995 Gulf, Mobile and Ohio ................. 295.789 1,908.851 4 183876 1,371,140 2.555,000
anadian National Lines in New land .. d 60 9 384200 636 4 465.071 Illinois, Central ....................... 592,819 10,9145793 2,360,058 7.91,360 1,734,000 13696,000 -
Canadian Pacific Lines in Maine ......... 95278 Louisville and ashville .............. 4..31.899 10.593.814 2.969.1 4 8.834199 1,731.075 19,240.800 .118,400 4.106.700
Canadlan Pacific Lines in front ....... d 653. d 59.1 Mississippi Central .................... 42,274 117.306 d 1.728 79.427 51,.044 -
Central Vermont .........................d d 71. 4 d 2.09 hll... Chattanooga St. Louis .... d 4o0.691 2.250,114 d 1.68,.771 d 16129 2.007.102 255.482 255.982
Maine Central ........................... 46 ;29 990 3 --0 32l.6 49,724 518,497 36356 31,00 ew Orlean and Northeastern ........... .6 5 558,478 7 453.785 12000 1.239,000
New York Connecting ..................... 445.836 77,828 157050 386,C0 173,514 Norfolk Southern....................... 1 68 227.340 d 309.46 40,518 9.341 -
w York. New Haven and Hertford ..... 1591,.1 ,010,066 d .691.196 5,087,114 133,750 4,600,000 Seaboard Air Line .................... 97,93 8235,701 16 2 1.229,069 300,000 7,000,000
H.tland *" .............................. d 196!S d 167,165 d 3 ll23 d 320.699 Southern .............................. 7.032.808 14.120,169 2,41..258 9.187.708 1.620,000 24.4,000
Tennessee Central .................... 2.373 15,798 d 119,212 64.413 3520 39,211 17,500 17.500
Great Lakes Region Total .............. 6,109.543 57,917.852 d 19.713.127 29,6,48,203 13,617.792 25,192,895 6,278,012 9,094,105 Western By. of Alabama ................ 124,595 192,657 o099o 177.623 359.811
------- ----_ Y------Tasoo and Miseissilppi Valley .......... 458.350 2.323.545 209,693 1.213,407 2,448,000 -
Ann Arbor ............................... 61.546 297582 d 28.133 197,316 d 15.714 129.1814- -
Cambria and Indiana ..................... 188.556 246.513 18--- 734 239,0499 4,500 393,730 60.000 60,000 Western District Total .............. 77.797,992 188,216.880 14.897,40 113.,852.221 8,328.774 272.965,46 35.527,672 30.351.942
Delaware and Hudson ..................... 723.047 2.135.776d 251.920 1.020,04 463.000oo -
Delaware, Lackawanna an Western ........ 1,430.112 2,730.082 6 18 227.945 70660 333.000 Northwestern Region Total ........... 161,726 45.713.003 d 19.141.481 23.548.516 d 28.184,885 9.381.698 5.677.831
Detroit and Mackinae .................... 37020 d 54 3.18 d 34811 1000 -
Detroit and Toledo Shore Line ........... 153.313 298,91 108,817 48,927 73,901 274.,24 100.000 100,000 Chicago and North Western ............ .....d 8 127 9.059,331 2610 6.679.867 5.070.000 1,143,159
ri ...................................... d 40oo 6g4o,705 d .561190 3.109896 d 3.649 1,553.811 3.244,922 3,244.922 Chicago Great Western ................. 1.221,209 d 3 448.l4g d 000 1.005.100 228.819 457.635
Orand Trunk Western ..................... 449.466Q 2.127,050 d !934.1 345,24o 170,355 Chicago, Milwvaukee, St. Pal & Pacific 12.192,031 .9 6 6,704,250 7,071,000 5.608,700
Lehigh and Hudson River ................. 83050 128.702 9496 137119 65:499 186,539 47,070 Chicago, St. Paul, Minneapolis a Omaha d 1 51 1,421.,571 d 2 4001 469,304 285000
Lehigh and New England ................... 393,837 289.758 336,351 182.502 206.008 72.837 Dluth, Missae and Iron ange ........ 1.420227 d I 1,068014 d 23. 765,814
Lehigh Valleyr ........................... 1.226.599 1.964,775 d 1,531.713 d 838.2.5 d 122.000 Duluth. South Shore and Atlantic ** ... d 3 24.227 d 40 g 114 -
Mononuahela ............................. .. l,055 396,718 d 2 198,785 182,501 157.958 Duluth. Winning and Pacific .......... d 13.663 d 2 69745 -
Montour ................................. 90.011 253,871 8857 251.164 52.377 181,877 Great Northern ......................... .8 8,149,600 d 21 7 .1679 31.372 8.280,000 4.616.936
New York Central a/ ..................... 4 91.66 22,461,601 d 10.810,660 12,671.071 d 11.4l3.593 8.090,557 3,223,697 Green Bay and Western ................. 21 47.131 d 116 43.724 57,146 98.157 125.000 125,000
New York, Chicago and t. t. Louis ........ 1,4g8866 7.583.569 313O3,8 5.510,721 2,991,000 360,54 Lake Superior and Ishpeming ........... 89,818 d58 93.860 9,758 62,574 107,100 107,100
lw York, Ontario and Wantern ** ........ d 615.309 d 797.604 d 1,177170 d 1.328.294 Minneapolis 6 St. Louis ............... 765.914 774,276 d 21 865 559.000 300,000 300,000
ewa York. Susquehanna and Weastern ..1... 666 277.b22 2128 39.237 54.979 Minneapolis. St.Paul& Sailt Ste. Marie 522.710 50,108- 117,000 1.797.760
Pere Marquette ..........................d 425.795 3,396,602 2d b,3 58,74 4o,00 0 114o, Northern Pacific ......................520 7,85,106 d 175 2,887,219 3.695,200 -
Pittsburgh and Lake Erie ................ 612,663 1.957.936 71%524 1.522.830 d 617.331 1,501,940 1,727,300 1,727.300 Spokane International ................. 50,516 115.738 2,660 68,784 d 58.679 178.91 71160 71,160
Pittsburg & Shaut ...................... 41.532 104,790 d 119.237 d 5753 10,906 Spokane, Portland and Seattle ......... d 162.956 1,504,11 d 1.568040 83388 291.128 707.127
Pittsburgh & West Virginia .............. 18,95 1.07.181 d 179.54 7606 187,528 isconsin Central / .............243.838 1,110,546 d 5.65336,386 d 06 31T000 -
Pittsburg, Shawmut and Northern ....... d 96.829d 37.488 d 153.352 2 98.77
Wabash ................................ 2.529330 .22474 .518472 2.784,609 d 691.326 8.439.446 598.186 598.186 Central Western Region Total ........ 53,.042.935 94.066.o61 30.725.683 63.589.518 11.583.74 174.376.061 25,727.656 23.613.242
Central astern Region Total .......... d l4.409g4g81 92.254,46 d 4g.829.442 57.133.047 d 1.622.766 44,319,687 16,106,013 16.357,317 Alton .............................. d 104227 2.292.6144 d 77 1,479,517 91.752 1,395,860 -
Akron. -- Atchison, Topeka and Santa / ...... 17.6773 24.453,043 15,087. 21.3 ,692 12.305,81 56.038,000 6,744,910 6,744,910
Akron, Canton & Youngstown .............. 1,576 321.908 d 13.890 24903 d 1791 225.565 39.418 165.285 Chicago, Burlington & Quincy .......... 11,612.329 13.96.99 10,012.955 11.3 5.080 5.847.88 25.765,900
Baltimore and Ohio ...................... d 696.510 19.199226 d 16lll2 9.639.572 29.5 12.846.207 Chicago. Rock Island and Pacific ... 5272,879 11,636,071 262,962 5.942,142 253,768 14,000,000 -
Baessemer and Lake Erie .................. 11 930.172 d 927.090 307.233- 260,767 Colorado and Southerna ................. d 71631 1.025,932 d 257870 874,646 425.412
Central R.R. of New Jersey ........ 2 ... 0 11.2- 2,722,070 d 2"8. 6 954,957 6.442 709,000 Colorado & Wyotng ..................... 85,050 101,14149 54.45 70,128 d 51.500 46,800 -
Chicago & astern Illinois ............. 1317.85 1,2714,51 d 1,53,17 576.052 942,900 383,863 383,863 Denver and Rio Grande Western ...... 801,891 5,574,448 d 1.495153 3,10.671 4,182,900 -
Chicago & Illinois Midland .............. 1 131 394,877 d 21 261,906 382,200 Denver and Salt Lake .................. 161.699 355833 d 51531 13,o60 -
Chicago, Indianapolis and Louisville .... 365108 1,02.767 6 470,897 258.369 Fort Worth and Denver City ............ d 41.95 81,226 d 9 58 294,520 12,017 485.927 -
Detroit, Toledo and Ironton ............. 533.938 1,025,047 351,189 815.742 100,100 551.923 Northwestern Pacific.............. d 8 223,059 d 12 -
Elgin. Joliet and eastern ............... d 613,189 2,171,546 d 877.837 1.898,854 1.369.842 southern Pacific ...................... 8.154 15,242471 270,595 1450673 000 25796762 7.5,526 5659.145
Illinois Terminal ......................... 2.956 606.982 17281 382,139 80,000 1,115.000 125.000 Southern Pacific Transp. Systan e/ .... 13.547.68 21,282.362 5,923,692 13.746.250 13.509000 36.554.858 7.55.526 5.659.145
Loa Island ............................. d 989,423 44.875 d 1.758.214 d 7.051 147,716 Toledo, Peoria a Western / ....... -
Missouri-Illinois. ........................ 226,155 186,0 8,172 183.162 151,000 375,000 Union Pacific........................... 9,792,070 15,563.199 7.354.209 15,662,300 4,200,000 41,500,000 8,659,592 8.659.592
Pennsylvania ............................ d 6.76296 52,615,680 d 07.55 36.710.555 d 1610.84 1263.861 13.167,754 13,167.754 Utah ................................. 628 61741l d 36.985 26.882 17.000 -
Pennsylvanta-eadlnag Seashore Lines ..... 4 1435181 d 672.514 4 1082, d 1.5.7,15 153.2,6 120,348 ,Westrn Pacific ....................... 1.41 979 2.726,446 989.898 2.201,142 572,000 4,721.500 2,777,628 2,549.595
adding ................................. 1 5.08243 39 91 3.25.33 606.600 4,435.889 1.748,616 1.749.05.......................
Staten Island Rapid Transit ............. d 241462 1437936 4d 86.62 195,580 130,100 southwestern Region Total ............ 24.593.331 4,437,816 3,590,206 26,714,157 1.970,055 704014.500 418,318 1,o60,869
Western Maryland ........................ .598,602 2.794.392 556.550 1,592,390 49600ooo 2,4go.0000 -
Wheelng and Lake Erie ................... 685.527 1550.744 712.237 1,4 5,528 426.000 3.705,000 766.362 766,362 Beamont, Sour Lake & Western ** .... 1.067,377 605,111 1.037.899 573.462 637.000 1.496,00 -
---urlngton-ock Island ................ 101,148 271.915 d 148.001 22,480 -
SoutIern District Total ............... 6,32,793 97,279,782 18,123,525 67,136.397 15.967,512 131.496.937 28.608,039 32.341.356 International-Great Northern ** ....... 61.431 1,5264,813 97126 506,035 746.000 -
---------------_K-ansas City Southern ..................... 1,998.083 2,576.945 1.139:325 1.723,.446 600.000 2,650.000 210,000 105,000
Pocahontas Region Total ............... 18,458.050 28,804.337 16.724,781 25,761,986 9.'582,o804 36.167.549 20.301,923 23,569,515 Kansas, Oklahoma & Oulf ................. 271,470 h,367 213.256 320,990 131.258 306.932 206,318 203.294
Chesapeake_- ".Louisiana & Arkansas .................. 750.585 1.117.134 396,.234 738.385 2114.000 2.104,600 75.000
Chesapeake and Ohio ..................... 8.576,225 13.391.947 6.609,727 10,907,760 3.998,114 12.97,810 11,4386.031 1.,753,39 Midland Valley ........................ 26,372 115,825 46.926 24,281 4,914 24,281 -
Norfolk and Western ...................... 6.951.387 10.725,318 7.646,373 11,0115.47 4.100.c00 17,925.000 7.252.117 7.252.1C1 Missouri and Arkansas ................. d 6 d 125.556 d 123.455 d
Richmond, Fredericksburg and Potomac .... 1,361,183 962. 38 1.517,390 974.711 922,220 4.796.596 Missouri-Kansas-Texa .................... 1 .17770 .23 1 5.3
Virginan ................................. 1.569,255 3.724.234 951.291 2,867.968 561.770 1,24g,143 1.563.575 1,563.575 Missouri Pacifice ................... 5.980779 14.147,164 d 41100 6.701.588 17.900.000 -
eow Orleans, Texas & Mexico **........ 1,97h,231 1.463,8340 29.758 348.297 3.00O 967,000 -
Southern Reion Total ................. 27.884,743 6,475,4h5 1,398,74 1 4,374.,11 6.384,708 95,320,388 8.306,116 8.771,841 Oklahoma City-Ada-toka .................... 45.46 92,850 27.817 73,169 22.833 73,003 80,000
s St. Louis Brownsville and Mexico "* .. 1,100. 68 1,334,589 793.516 1,.04.223 486,000 2,701,000 -
Alabama Great Southern .................. 105,063 780.605 4, o8 669,609 1.985,000 784,725 1,008,932 St. Louis-San Franetsco ** ............ 1 46 7.417,146 d 5.895.98 2.772,051 5.963.180-
Atlanta and West Point .................. 12,062 156.853 23,098 169715 d 146.466 368.223 St. Louis. San Francisco and Texas ....7 166,605 .115 120,290 d 216 247.786 -
Atlantic Coast Line ..................... d 366.931 4.739,527 d 11165 5,2,489 12.870,000 1,651,047 1,445,915 St. Louis Southwestern .. ............. 2,205,820 4.803,808 1,122,211 3.738,166 ,7 10.194,133 -
Central of Georgia ** .................. 59 2,520,091 d 211821 1 588,306 69,123 473,837 San Antonio Uvalde & Gulf *........... d ?662 d 262.766 d 314.701 -
Charleston & Western Carolina ........... d. 1 T 239,219 d .90d 126,.214 115000 72,000 72.000 Ta and w Orleans ................. 5.39281 6,039891 2.812 6821 160000 10.758.096 -
Cincinnati. Nev Orleans and Texas Pacifi .1.29641. 1,920,822 650,526 1,211.166 405.000 3,005,000 1,396,612 1.8h5.112 Texas and Pacific ..................... 3.261.152 3,h53.897 2.330,463 2.216.848 3.000 8.895,071 592.575
Clinchfield ............................. 1,363.24 2,504,036 288.634 288,684 Texas Mexican ......................... 63,717 45,743 3641 20.03 o,000 48,790 -


* 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.2.
F formerly included in report of Minneapolis, St. Paul A Sault Ste. Marie.


Includes Atchison. Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe By., and Panhandle & Santa Te. By.
e Data not included in totals,. Includes Southern Pacific Company. Texas and lew Orleans R.R. Co., and leased lines.
Federal Manager's operations terminated 12:01 a.m.. October 1, 1945. Road not in operation.
U. S. GOVERNMENT PRINTING OFFICE : 1946-0-702097








Subjecttorevision


7'1r


UNIVERSITY OF FLORIDA

11 111111l1I11IIII111111 :IIIII INTERSTATE COMMERCE COMMISSION
3 1262 08851 2172 BUe or T CONOMICSANDSTATISTIncS


UiIV. OF FL LIB.


U.S. DEPOSITORY


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

Compiled from 129 weporti (Form IBS) representing 133 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 June For the six months of For the month of June For the six months of

1946 1945 1946 1945 1946 1945 1946 1945
1. Net railway operating income ..$8...- ---- ...... 8080,301 199,947,3T4 $152,956,610 1548,526,379 $33,501,962 $84,758,500 $128,888,799 $457,957,101
2. Other income ....... ... .. -.. -....- ... 21,6 6,741 22,590,5985 288316,06 96,29,76 34,209 20 1,019 80o,97,396 88,105,67
3. Total income....... .... ........ 59,707,042 122,537,99 241,272,672 644,776,125 53,536,171 105,659,519 209,796,195 546,o62,748
4. Miscellaneous deductions from income- ----.. .......... 2378,816 2,T74,8 : 1415,280 15,421,720 2, 38 10,0566,738 12,96,1022 11,553,106
5. Income available for fixed charges --.....--....- .. 57,328,226 119,89:3I6 7227?77,392 629,351,405 51,21:,38 103,092,781 196,810,173 531,509,642
6. Fixed charges:
6-01. Rent for leased roads and equipment......... 10,81735 12,940,0- 58, 868111 74,739178 10,055,021 12,204,198 51,90,53 69,599,839
6-02. Interest deductions /........ ......... 28889 33 178,613925 190,116,150 20,072,537 24,260,1 5 1.25,I64, 13 37,602,6
6-03. Other deductions --........................................... 121,724 72 50 662,417 106,29 96,620 628,:49 557366
6-04. Total fixed charges.. .. ....... 39828 19 46,16988 .238,202 786 65,517 5 30,233,987 36,50,963 10,9,175 207,719,90oo
7. Income after fixed charges........ .............. 17,99 907 73,633,8 6 21, 07,851 6 16, 818 15,933,998 3 3,789,7,42
8. Contingent charges .-7......... 2,879,902 -33 66 17 9 ,3 19,865,674 2,861,239 63,21,865 17 6173 19,781,206
9. Net income g/ 111-,--- ------620,005 70,195-632 ad 28-0221128 5413,967,986 18,146,612 63,109,953 U 1.5. 304,008,536
10. Depreciation (Way and structures and Equipment).--- 28,258898 7,83,144 170,78,419 165,711082 7 419,658 1149:,7 5 I5,1,29,19
11. Amortiation of defense pTojects ...... ...... 20,14,176 3,917,776 117,720,571 681,477 17,802,192 3 ot, 10,030,168
12. Federal income taxes-.....-..----.............. ......----- -..--- 3,1774,17 111,596,766 12,637,925 593,165,W7 3,797,073 97,334,622 10,515,900 503,576,179
13. Dividend appropriations:
13-O1. On common stock-:......--...-- ....---...... ........ 16,632,22 9,7994,656 83,683,063 79,980,438 16,632,422 9,799,656 85683,6 7?,9800438
13-02. On preferred stock ......... ------.. .......- 5:51,614 3,571,713 25,192,795 21,753,059 5,591,614 3,571,713 2,192,795 21,753059

Ratio of income to fixed charges/ (Item 5+6-04) .- 1.44 2.59 .96 2.37 1.69 2.82 1.09 2.56

All Class I Railways IClass I Railways Not in
All Class I Railwasys eceivership or Trusteeship#
---- ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS 6/
Selected Asset and Liability Items Balanoe at end of June Balanoe at end of June
1946 1945 1946 1945
SRailways Reporting a IRailwayvs Reporting a


17. Expenditures (gross) for additions and betterments-
Road................... ------..........--------..- .--.--
18. Expenditures (gross) for additions and betterments-
Equipment ....-.----.... .. ......-- ...---
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 par-service balances-Dr--..- ....- ..
26. Net balance receivable from agents and conductors.
27. Miscellaneous accounts receivable ....... ......
28. Materials and supplies ............. ...----......---
29. Interest and dividends receivable --.. ----..... -
30. Accrued aooounte receivable. ---
1. Other current assets.- .-....... -.-. ...--..
32. Total current assets (items 21 to 31) ------


Funded debt maturing within 6 months 4/ ...--. ---
Loans and bills payable5/...... ---------............ ---
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 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...........-----------


$100,726,520
117,763,774
581,
175 Bl. se


$99,991,888
139,168,290
573,056,418


4j83,219,780
:102,142,176
'552,477,039


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


971, 85,015
1,253

42 2 o04
108,122,866
365 3546
23,760, 75
18820, 230,
32.582.086


1 1 oak le6


1 111.0l 1


11,054,o58
3,611 ,37
1145,8',11

.9,5064,162
18s 00276.
187',i 06
591,209,790
1n0 .0 .22


628,1781
605,981, 4
35,752,065
299 7.1'.1
5 72 74


dl4l

8OO,680,277
57,o,395

8 96,o,5
299- 8,

161, 8,7.
1 26 .


.XIDQ 5A770 4k


$81,694,o62
112,969,093
548,646,10o4
210.037.260


42,025.312
1,47,19,770
191,3l8,196
37,847
37.48,943
1211318,928
512,302,698
525, 864 565
o,4 88,577
2, 2,081
55.075,665


I 1 n4 09772 209


3,8,8,2 O7U.L. WO j 0 J1C3.092,5j71,.048LA.U


112 -r7 -72


5,354,059
189,805,775
125,680,19?
213,670.519
70,528,683
27,014O8,7
2 181590


i a n71 no67


7,200,000
98,701,584
42 2
528


1 5,19 125
15,617,91


97 ioA h.70I


1,500,000
163 ,19, 769
69,83, 110
62,113 198
26, ,18025,

165,250,184
1,191,7 ,
1]7 .979


....aJ~aL,.ah.4 ~ ~ 5. ~ ~ '1-


0 inc its 1 045 e's~


*0, c 17I0 52 1 22.000 1A


A 0,61. 015. bai aa W 1453 1 "rI a -. -e. U


3,911439 "5,710,


322,81,7


1,269,291,205
122,131,191
497 078,966


___________________________________________ .1. ____________ L..~ '1 -


I/Represents accruals, including the amount in default.
2/For all Class I Steam Railways the net income was as follows:
Period 1916 1945 Deorease '
3 months ended June Ad #2.9i.677 $198,311,379 2i 0,505,0 3
6 months ended June 4 28022 28 3.967.986 371,9
12 months ended June 68.400 0 611

The net income shown es after deduction of the following amounts taken out f rating
revenues to create reserves for land gant deduotiOns in dispute:1Jun 1946 q ,81
June 1945, 3,496,737; 6 months of 1946, 41,0377S45; 6 months of 1945 #o',8P, 79.
.3/For rallways in receivership and trusteeship tbe ratio wa as follows June 196,
O.b6; June 1945, 1.74; 6 months of 1946, 0.54; 6 months of 1945, 1.69.


Period


Net Income
umber of Aount
reports Amount


June
June
6 months
6 months


65
103
15


352,1172983


INCOME-ALL CLASS


Net Deficit
Number of Amount
reports


6o $18,144,178
22 3,211,657
66 130:496:,73
18 8,504,997


I RAILWAYS mo m


so so



40 --- ------------------ 40


0o --------------- --20




-40 ----40



-oJ F M AII J AS*O j MA IA ION JF A 0- D
-go -II I6II4ll'_


1946


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.
/ Includes obligations which mature not more than one year after date of
issue.
/ Excludes reports of 4 roads for the month of June 1946 and 1945, and the
6 months of 19446 and 1945, where net income (or deficit) was absorbed by the
controlling company.
Exoludes Toledo, Peoria and Western Railroad. Road not in operation.
# Figures include returns of the Ohioago, Milwaukee, St. Paul and Pacific
which emerged from trusteeship on December 1, 1945, and the Chicago Indiana-
polis and Louisville Ry. Co. which emerged from trusteeship on May 1, 1946.
d Decrease or deficit.


Statement No. M-125
JUNE 1946


.


1 -b- 1 1


I E -- -- -


--i L.L.L.Uaf.ai.U i L.LZWvAffk: m i 415.U(.L.UOI i Cfvlu.%[e


-r


ir".


I-[-


-L


2.t


Ll


SZ.


MILoNS NET
OF DOLLcARS


-


-1


19441








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

FOR THE SIX MONTmS iD ITH V SE 1946 AND 1945


ET RAILWT AY ERATINGW 1 RAL INCON DIVIDIiD NIT RAILWAY COPERATIIM GFI AL INCONS DIVIDEND
I11CONR Tas IICOa TiAiS APPROPRITI0KNS INCON N w IR0K TAXES APPROPRIATICES
Region and railway region and railway
1946 1945 1946 1945 1946 1945 1946 1945 1946 1945 1946 195 1946 1945 1946 1945

United State Total .................. $152.956.610 854.526.379 d 128,022426 $343,967,986 $12,637,925 $593.165.704 $10g,875.858 $101.733.497 -Southern Regon ontiomed
astern District Total .............. 4 3.262.785 a,103,667 d 82.21.1487 115.192.391 d 16.23.a41 95.609.,57 30.092,750 27159.796 Columbus and Greenville .............. $22,063 $52.734 $36.242 .310 $13,926 *39.143 $9.850 19,700
Florida Zast coast ** ................ 2,338.367 3,075.571 2 3.489 1,021,136 283.2 45 2,723,492 -
No England Region Total ............. 1.232.299 15.787.290 d 8.510.569 7.568.001 a 8136 9,115.684 132.056 222.408 Georgia R.B. Lesse Organisation ... 38,071 1,037.631 -
Georgia A SForid .................. d_...WT 43.315 d 173 3 61 -
Bngor and Aroostook ................... 638.993 690,552 37.555 434.125 10.41 1,252.795 95.700 191,0400 Go0 Ge Southern and irorl ......... 19d 9i 413.387 3517 -3.634 14,000 567,000
,oston and Maine ....................... 439.206 3.83.301 1.499. 1,72.403 118.301 1.435.746 Outlf, obile and Ohio ............. 419,656 2.250.063 161 1.557.W5 2,959,000 70,5
Canadian national Lines in New angla d 626 d 4 10.033 71 507.5014 Illnois central ..................... 6.335.054 13,63807 9,476, 1,619,000 16,91560 -
Canadian Pacific Lines in Maine ........ 7,75 3 Louisville and Nashille ............ 5,755,824 12.69.367 3.526,71 10,61407 1.937.830 22924,220 4.116,400 4,106,700
Canadian Pacific Lines in Vermont ...... d --- KMislasippi Central .................. 59.996 14g.405 713 l.05 .554 65476 -
Central ermo...nt ...................... d 1.53.29 d 55.4g 26.09 Nashille, Chattanooga St. Lo ... d 2,434076 1.06 1,761.645 d 161 213, 4 255.982 255,92
els3 oCtral .. Ne O................O... 4 3.7 63 53030 36.356 3,oo wOrleans and ortheastern ......... 649.953 15154 525,137 1.449,000 -
ow York Connectina .................... 507,830 932.628 .557 173.5114 Norfolk Sttern .................. d. 330.4 d 2 107.530 77,.69
Nw York,. w Ha.en and Hartford d .... d 1 Al 0 9.763.713 4.995.38 6.800,542 2.500 5.750,000 Seaboard Air ne .................. 9.714.46 1.9.024 7.900,000
htludn"e'........................... 4 101.1 4 4t4 d S96S Southrn ......................... .... 7 1612.0 3275460 1635.000 2677000 -
Tenn essee Contral .................... d 4.6147 150.445 d 1. 37.522a I4 140.71 17.500 35,000
Great Lakes Knton Total ............. 10,406.751 70.649,494 d 20.322,856 34.609.964 d14.147.09 32.521,051 6.545.112 9.361,175 Westerna y. of Alabama ............... 155.g39 227.973 209,.14 .062 420.397 -
TYaoo and Mississippi Valley ......... 918,226 2.080.179 116.042 749.901 2.494000 -
Ann Arbor .............................. 67.202 35.172 d 265.619 15.730 175.053 -
oambria and Indiana ................... 256.730 296.00 -- 265,931 19.327 463.706 120.000 120.000 western District Total -.............. 99.103.740 232.465.461 30.,57.275 149.,046056 9.122&279 343.602,092 49.734.614 41.065.738
Delware and Hudson................... 1,050.661 2,607.145 d 1.243. ,127 721,000 -
Delaware, Lackavanna sad Western....... 1489,607 2.006,761 d 10.665 914.660 ortrt. Reaton Total .......... 5.703.325 59.107.705 12,.402,614 36.323.52 5.610.504 o546.201 14,020.514 8.300.069
Detroit and Makinac..................... 3676 1.310 d 15 1.000 -
Detroit and Toledo Shore Line............. .190,604 47 13 612 .22 93. 3 29.411 120.000 120000 Chicago and North Western ............ 4 2 .145.1437 .951 .049.716 6.740,000 1,143.159 2.286.3
riet ................................. 1 1225 6.6139 519379 3.932.7 d 6. 6563.553 3.244.922 3.244,922 Chago Great West..................... 1457.198 531796 d 100000 1.229.,900 28.19 66.4,
orand Trank Western ................... 2:,465733 33o,45 167,610 Chicago. Milwake, St. Pant Pacific 2 2 14.66494 7,.g6 974 9.091.000 5,606,700 -
Lehigh and Hudson aiver ... ........ .. 116 150.285 -- 162. 68 69,6 213,651 94,140 47,070 Chicalo, St. Paul. Minneapolis & Omaha d 1.5 1.693.43 552,94 333.000 -
L*high and w hcland ................. 445,732 414,l20 382.932 26.667 233.14o0 142,280 Daluth, Missabe and Iroan ange ....... o 3.309,177 2543 2.66, 42 13.782 1,978,76 -
Lehigh Valley ......................... 1.406,414 1,924,112 d 1 144 UO d 122 000 Dnluth, South Shore and Atlantic *m .. 308,272 d 0 d 14 2 -
Mono ela ............................ 433051 53.79 197 300.95 3 1 550 Dluth. Winnipeg and Pacific 2951......... 9.51 5" -
Montour .............................. 36,11 30,666 134,111 337,492 .5 24391 Ors Northern ....................... 01.175 166 5 31.372 12.825.000 4.638.16 4,616.936
ew York Central / .................. 3.277.524 2,771.363 9.35.72 15.6711437 d 11,41k.45 14,42.334 3.223,69? Or an B and Western ................ d 14 52.463 3. 9 4.1 9.626 117.705 125,000 125.000
Nw York, Chicago and ft. Louis......... 1.792,510 9.146,173 6,550.097 2,.991,000 360.564 Lake Saperior and Ishpeming .........d 28111461 4 a6.730 9.756 1141448 107,100 214,200
ew York. Ontario ad Westerna ........ 5.659 1 6 1. 7 Minneapoli A t. Louis ............ 844467 51016 256865 614,000 300.000 300000
New York. nasquehanna and Western .. 7,b 53 68,777 Minneapolis, St. Pa l Sit Ste.Marit 951.41l4 386,275 312,000 1,797,760 -
Par Marqu teh n ........................ 3075.690 80.000000 orthrn Paci ....................... 9.5.1532 2 5.979.773 5.35,200 -
Pitsurgh and M akeri ............... 24,747 7 1,92,54 d 631.56 1,886.07 1,727,300 1,727.300 Spokane International ................ 6083 141.662 2,7 84.904 A 08, 71160 71,160
Pittsburg A shat .................... 71.704 14294 1 a 2 10.906 pokane, Portlad and Seattle ........ d 1,707.836 d 1.6 42 d 3.1 48j 1,046,904 -
Pitts.burgh A West Virginia ............. 54,038 1,202.527 3, 170.201 Wisconsin central /*.............. 3 1542.g8. *-5: E 520,000-
Pittsburg. Shwm ana Northern ...... d 106.32 d 44.67 8R 17n 8 -
Wabash ................................ 92.,2 -4.1.955 4775 1 5 7 7K a 1.174.352 9.600.341 595.166 599.186 Central Western lgton Total ....... 63. .942 115.965.865 37.20.702 0.694.532 12,.631.447 216900.471 34.493.407 31.524.o00
Central stern Region Total ......... 12,437.231 114.666.883 1 53. 068 72.814.742 6 1.73.016 53.972.956 23.415.552 17.576.213Aton ** ........ ..................... 02. 76 325 4 1.785.840 170,06 1,63.00 10. .5 10.35.5
Atchison. Topeka and SantaNs j/ ..:. N I 1471.732 17.3%- 26,17.w456 1%4.14,70 70,026,000 10,385,500 10,385.500
Akron. Canton Toungstown ............. 6.4,06 347,517 .9 261.223 d 10.99 225.565 39.418 165.285 Cheago. Burlinton Qune y ......... 12.959 5 16.342.51 11,036,19 13.31.551 6.519.84 30.625.00 5,125161 4,70.966
Baltior and Ohio ..................... 515.99 22958,343 a 6 9 11.715.758 9 16567.07 Chicago, s ook Island and Pactti*" .. 6,663.500 14,013.433 49961 7,15,948 516,070 16,00,000 -
seer and Lake r ................... .06 163.27 d 716,so4 561904 Colorado an Southern ................ 1,.994 1,251,.O d 0 4 1,049.365 54.619
Central R.R. of X Jersey ** .......... 4 3,21,055 1,279,104 7.42 92.000 Colorae Wyomaing................... 13725 115.999 ,6 78.7 51.50 5400 -
Chicago atern Illinois................. 1,513.60 1 686949 1165.900 33,63 33,863 Dever and ite rand Wtern ..... 1.047 3 7.116.615 d 4.130.912 5,607,100 -
ChicagoA Illinois Midland ............. 487,156 327.990 34057 539000 ve t ake ................. 222,9 4.9 150,450 -
Chicago. Indianapolis and Louisville ... d 4 1.150.2 73.619 60.999 58369 ort Worth and Denver ity7 ........17 67 3,7W57 12.017 1.071.h34
Detroit. Toledo and Ironton ...........6 ,1.14,145 .399672 63.35 61,857 574,129 122666 490.64 Northwestern Pacific ................. d 36 32,5 -
lis., Joliet and Bastrn .............. a 56.31 2,4,001 d 5594 1,919,51 1,41,1 Southern Pacifle ..................... ... 19,003,66 3, 2,000 33.601,31 7,545,526 5.659.145
Illinois Terminal ...................... 319 2 7.7776 -48.141 455,654 112,40oo 1.296.700 250,000 outhern Pacific ransp. System ... 17.705.990 26,142.252 8,922,322 17,.4522O 46.6556.64 7.545,526 5.659.145
Long Island ............................ 8.320 76.113 d 1.727.7 d 160.59 177,259 Toledo, Peoria eastern / ..........- -
Nissouri-mlinois ...................... 72.93 221,744 "1a l li 12.000 450,000 Union Pacifie ........................ 11.025.761 19970,799 9,909,406 1.50,96 4,550,000 53.100,000 8,659592 8.659,592
Pennsylvania ..........................d 71010 66021175 d a 6 A 46.935., 0 000 17.116.33 19,.751,631 13.167.754 Utah ................................ 931 77.538 62 35.777 23.500 -
Pennsylvan0ia-eadtng Seashore Lines .... : : d 510. 196.j091 163.63 144,117 Western Pacific ....................... 1.575.0 3,354,999 1.092979 2,732.789 572,000 5.,69.500 2,777.628 2.149.595
leading ................................ 2.325.400 -7.0,9 429.133 949.185 5.505.594 2.098.350 2.09o,993
Staten Island Rapid Transit ............ d .61 553.901 d 59 2, 190,000 Southwestern Region otal.......... 29,851,473 57.391.891 5.649.17 32,029,674 2,101.336 84.075.420 1220,893 1.40.69
Western Maryland ....................... 2.16. 49 3.271.Ag4 W- 16.34,327 773.000 2.685,000
Wheelin and Lake Bri* ................. 941,517 1.831,567 955,663 1,7T20A,944 586,000 4,205,000 1,019,654 1,019.654 Beaumont, Sour Lake A Western ..... 996,030 40,6 916,670 60730 660.22 1.576,000 -
Burlitnton-aook Islana ............... 5.806 d 173.7 90 -
Southern Distrct Total .............. 57,115.655 114,957.251 23.771.784 79.727.537 19.753.887 153.953.755 29.04g.. 33.507,963 Internationl-rnt Northn **........ 7.7 1.836? d6 616,256 969.000 -
ansas City southern ................. 2,401,786 3.107,041 1..1 2,.152.160 750,000 3.250,000 420.000 210,000
Pocahontas region total .............. 25.113.353 34.506,283 22.872,693 30,926.985 13.528.521 43,011.397 20.731,955 23.999.957 nsasu, Oklahom a oGulf.............. 353323 535,752 283.27 415,394 167.980 39,633 208.6318 20,294
Loaisn A Akans. ................. 723 1.370,002 533.6 916,589 25 ,000 2.555,600 150,000
Chesapeake and Ohio .................... 12,214.335 16.024.36 9.796.978 13,06,.451 5,946,158 15,006.648 11,486.031 114,750.839 Midland Valley ....................... 42,033 133.165 4 336.861 4,914 27, -
orfolk and Western ................... 9.375,256 12.778,659 0o,1 ,827 13.128,862 5,600,000 20,975,000 7.252.317 7.252,101 MiNoari and Ar5kansa.................. .541 d 37
ichmond, fredericksburg an Potoe ... 1,475.004 1.182.906 1, 993 1,204.169 1,216.093 5.706,596 430:032 430.032 Mssoril-ansas-Texa ................. 3. B.202 M301 7. 5 -
Tirginia ............................ 2.048.758 14.520332 1.291.895 3.525.503 766,270 1,323.143 1,563.575 1,563.575 Missor Pacific ............. ........... 6.82.105 16.39907 09143 2.150000
Now Orleabs, Texas AuMexico ..... 2,6 864,149 1,651,275 W535 315. 400 42 a 1,023,000 -
Southern region Total ................ 3,002,302 0.450.968 g99,091 4,soo.,552 6,225,366 1no10,942.368 .316.339 9,50,416 Oklahoma Cit-AAAtoka .............. 39535 9,06 18,002 76.115 057 76,36 o.oo0,000
St. Louis, Brownsvilre and Mexico ** 911,430 140.9 491.29 1,122,359 706.232 2,930,000 -
Alabama Great Southern ................. 142.21 877.013 428.202 1,296,071 34,000 2,28.000 784,725 1,006,932 St. Iouis-San franeisoo ........... d 69679 .651.197 6 3266.14 7,203,60 -
Atlantas and West Point ................. 33.38 185.879 .965 20 4 d 167,097 42.316 St. Louis, an Francisco and Txas ... 05,257 1499.74 d 16 327.806 -
Atlantis Coast Line .................... d 939.6 5.392.915 d 6,3.571 14.0,00 1.651.047 145.915 St. Loui southwestern ............. 2.737. 5,66,331 1433 9 .402.706 11.974.072
Central of Goorgia '. ................... 3.074.95 d 764.776 29.947 563,6 an Antonio Uvalde Of ..a....... 72 7 46 -
Charleston A Western Carolina .......... 23. 2 845."55 110.390 115,000 72,.000 72.000 Te e und Now Orlean ................ 91335 00 d 2.400.000 1.55.546
Cincinnati,. w Orleanad Texas Pacifi 1,57.071 2,.29.205 759,706 1.399,596 505.00 3.457,000 35 1,5. 1 335 Texas and Pacific .................... 3.962,124 4,532399 25.99 3,109,497 10.437,074 592.575 592,575
llnachfield ........................... 1,677.434 3.031.231 346,361 346,420 Te aMexican ...................... 15.328 89.30d 55.23 10,792 146,000 58.,790 -
Rep ort of receiver or receivers. InUdes Atchison. Topeka A. Snta .D.. .Colorado A Santa I., anhal Snta 1.


CC report of trustee or trustees.
d Deficit or other reverse item.
Includes Koston & Albany, lessor to lew Tork Central B.1.
S orderly included in report of Minneapolis, St. Paul & Salt Ste. Marie.


Data not included in totals. Include Southern Pacific Company, Texas and New Orleans R.R. Co., and leased lines.
Soederal Manager's operations terlnated 12I01 a.m., October 1, 1945. load not in operation.

U. S. GOVERNMENT PRINTING OFFICE : Ir9S-O-7020O7





r-C 3 -- 7/044


UNIVERSITY OF FLORIDA

lIIIIIIIIIIilllIII1 JIIII INTERSTATE CQ C COMMISSION
3 1262 08851 2180 B AUOFm ANDITAMSTlC

SELECTED INCOME AND BALANCE-SHEET ITEMS OF CI"SS 1 STEAM RAILWAYS IN THE UNITED STATES

Compiled fGom af reportM (Form IS) tin 132 steam railway*
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)
I


UNIV.OF FL~LIS.
I A 1%I


U.S. DOEJSPOTOR'


0All Clm 1 il Class I Railways Not in
All Class I Rail y sReceivership or Trusteeship#
Income Items o the month of July the seven months of For the month of July For the seven months of

1946 1945 ~ 461945 1946 1945 1946 1945
1. Net railway operating income. ....................................... 6 6 9,775,651 89 647335,511 136,36 37595 4,6,18 542363,176
2. Other incoe- ............. ......14,90, 1 769 273 110o 487 3650,817 13, 60 o 670 l00793,47
3. Total income... ... ......................... ... .. 77,75 o 6 55 561 3 362 757,423,998 68,787,163 9 955 27S116as 643157,023
4. iscellaneous deductions from income............................ 3,000,917 ,63188 16496,198 18,063.028 2,841,078 2,440,017 15,827,101 16,993,?42
5. Income available for fixed charges ............... 7' ,756a43 lll,O,363 30os067,154 739,360,970 65,946,085 95,671,938 262,289,787 626,163,781
6. Fixed charges:
6-01. Rent for leased roads and equipment............. 10,172,47 11 4,4 666 6, 9,435,978 11,199,05 63,961,235 80,81,762
6-02. Interest deductional/................................... 28,8 445 30, 82 07,31 3 219 20,10 ,553 21, 476587 145,282,150 158 62,7
6-03. Other deductions........................................ -- -4-31 I7 73435,5 574
6-04. Total fixed oharges........................... 9,18,35 42 64 a6,83,699 9647 2,776 09
7. Income after fixed charges...... ........................- 6 999 1 3 281 36 5 4 52 0 7 38676 2
83,Conting1oa1.2 ,0,200,o3 3,3182o:,1 7 2:,1 9,19:V
8. Contingent charges-..---.................. .........7...... 2?,986 38 3, 23 0077 32501.6 3 804l 31 23 36 9 2758
9. Net income / .... ....................... ....................... .... 6 1 3 4 9 328,8 32; 96 ,5 59 5 438 3 1 210 36 ,6 ,85
10. Depreciation (Way and structures and Squipment)...... 28,5 18 93,568,899 24,958,192 '214,390,913 174 9688
1. Amortization of defensee projects...........---- --------..124.. 2 302 8a,276 1 45 8 1 97
12. Federal income taxes.....................................: 12,7,1 87,076,331 247s5,00oo 680,264,035 11,436012 7372059 21,9 2 3 577 338
13. Dividend appropriations: 6
3-01. On common stock...................... ................... 3,080,449 3,204,17 763,512 83,184,655 3,080,449 3,204,217 86,763,51 83, ,655
13-02. On preferred stobk....................................... 935,075' 783,:407 2612,870 22,536,66 935,075 783407 26,127,870 2,536,466
Ratio of income to fixed ohargesj/ (Item 5+6-04)..... 1.91 2.62 j 1.09 2.41 2.22 .92 1.25 2.62


Selected Asset and Liability Items


17. Expenditures (gross) for additions and betterments-
Road ........................ ................. .............. ....... ..................
18. Expenditures (gross) for additions and betterments-
Equipment..... ............................................... ..............................
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 oar-service balances-Or.....................
2. Not balance receivable from agents and conductors..
27. Miscellaneous accounts receivable ............
28. Materials and supplies.......................................
9. Interest and dividends receivable.....................
oorued. aooounts receivable ... ................... ..................
Other current assets.......... ..... ..............................
t3. Total current assets (items 21 to 11>


AlrClass I Railways


ReoIIMrship or Tusteeship#


Balance at end of July a.oe at end of July


119,879, 364
148,009,742

#6'3. -


121,363,817
163,891,777
551,-3,83


129'J"79,6314


. --- .


1181,119:1 .

30 051.16
619: 64:79


_. n--,.J -* .
3 7f8 3zh4 10J


099,516,3P6
132,578,128
527,038,105
2n0 5 3.92


0496
1,50:c0'96, 2.
r, 114


ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS /


Period


July
July
7 months
7 months


Railways Reporting a
Net Income


Number of Amount
reports


*~8,778,3149
l3i:~2:~
1417,095,314*4


Railways Reporting a
Net Deficit


-I. -.


number or Amount
reports
43 61,727,027
19 1,311
62 127,358,514
16 7,767,i4o


.ILWISN NET INCOME ALL CLASS I RAILWAYS Uo



40 -- 40

to t------------- -o- o


-to ---------- -- -- -o

-0o -- - - I- L l -0

-0n 80. o


1944


F MAM


ON JD FMAMda AsON 4
1946


422O.Z74


'U.


-.1--- ....-4 i -.-


1C7 -14h -M7


A, ni 17K


--.- -- I ~ 2&1-.................. l 1 __________


Funded debt maturing within 6 months /....................
Loans and bills payable o/.............................
Traffic and car-servicelbalances-Cr...........................
Audited accounts and wages payable.................. ...........
Miscellaneous accounts payable...................................
Interest matured unpaid..... ......... ..............................
Dividends matured unpaid .........................................
Unmatured interest accrued............- ........ -........
Ummatured dividends declared..... .................
Aoorued accounts payable ..... ...... ......................
Taxes aoorued ....................... ..-.................................
Other current liabilities................................ ..
Total current liabilities (items 41 to ) ....


53 Analysis of taxes aooruedt
53 U1. U. S. Government taxes......... ..............
02. Other than U. S. Government taxes.........--
54. Other unadjusted oreditsa... ................................--


.a867 .a 7


11.0514.08a
111,002.61



185,792,124
646,59 811
La
0 7 8


13 2ee a3n8


71,. 20T _7h


wtc ot X3 4 u jw M.913- ,5b!


457 #:101

go # 60,


7,200,000
010
208
i9 eM191 t

&to *


10,000"
1,052,768
399,217,502
159, 6,61
1: 4l?,236

? 76 355
16".930, 838
l13,46451U7,g55
*lJll'fici'Kh,


I--- --- ------ .... i 4 -r.* .


I aks ,m~ ~,mo I a i.hs en. .me


/Represents accruals, including the amount in default.
For all Class I Steau Railways the net income was as follows:
Period 1946 1945 Deereaee
3 months ended July 0 .96575 *2014,24,984 193,303,409
6 months ended July 366: 6,7,197
12 months ended July P2. -4k2
The net inonme shown Is after deduction of the following amounts taken out of operating
revenues to create reserves for land grant deductions in dispute: July 1946 g90,8n18;
July 1945, *3 864,915; 7 months of 196 1 868 361 7 monte of 1945, a .7194
For railways in receivership and tsruseesoip the ratio was as folowes July 1946,
0.,9; July 1945, 1.59; 7 months of 1946, 0.60; 7 months of 1945,' 1.68.


4 Th1 70*


1,126,222,253
5381,35602
501, 55 106


______________ 5 -


4/ Includes payments of principal of long-term debt.(other than loEt.era
de, W in default) which will become due within six months afte-, o0180 P-wonth
of .
Includes a obligations which mature not more than one year after date of
6/ I o1tludes reports of 4 road for the month of July 1946 and 1945, and the
7 ma the of 1946 and 1945, where net income (or deficit) was absorbed by the
controlling company.
Excludes Toledo, Peoria and Western Railroad. Road not in operation.
# Figures include returns of the Chicago, Milwaukee, St. Paul and Pacific
which emerged from trusteeship on December 1, 1945, and the Chicago Indiana-
ipoli and Louisville Ry. Co. which emerged from trusteeehip on Pay 1, 1946.
d Ooerease or deficit.


Subject to revison


I


1,116.780.
Iw
0
213LI

61011:4 :7.0
2
2'66: :OIL
60.599.9.9


. .. ..... .... ..,ws


I I


UL


, ..- ..... .... .. ... a


W071:190,
395,


s...


Statemet No. MI.N
JULY 1946


a at us n







INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS

SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
Vol TBET SOVN oNoHBs sEn WITH JU4L 1946 AMD 1945


n aTILILT claOtilE S A TsmaZiN cO mVrtDm BAILIATVr aPA RAIfNG r IioomS DITIHID
l o.IeOn JB TOO aS APPOPRIArTIOns 110N ln "TAE I APPianIATOIaS
Reionm d -r lway egion a m dlvay _____
1946 1945 1046 194 1946 1945 -196 1945 1946 .1945 .1946 .1945 1946 .1945 1946 1945

United States total .................. $5.794.089 $67.,35.511 4.12b.33k 409.3,28.20h $ .TI,715200o $60.2t035 li1e.891.362 $105.721.121 Southern .ini Contimad
hmaton District Iotat ............... 17.48.652 236.193.752 d 74.9.38 136.5014.93 15,84.5.11 109.346.286 30.667.701 27.733.079 Columbus and Grouvlle .............. $38.875 $53.927 55.170 66.881 $13.926 $39.143 $9.850 $19.700
_III_ nlorids t ot oot *. ............. 2 .362,61 3.33.5g 3 36 243 9 ,165 93,45 2.723.492 -
o mglast legon. total ............. 1.085.a79 1B,720.606 d 9.3.5 9.136.390 4t .t 10,596.903 150.560 239.255 Georgia .L. Les. Oailation ... 94.6809 1,247.5 -
Danger and Aroostook ............... 577. 73 272.5 38.25 117.41 1.253. 95.700 191.400 Gorgia h d 483d0ida... ......... 43.033 4000 66.000 -
otna m l Moai ..................... 945 90 .75.,23 279. 134.366 1.65.49 lf. Mobile and Ohi .................. 650.210 2.532.911 1,736 .540 3. 47.000 708.852
Canadian a ional L in es 73 96 w u a 56.81 Illinoo Ctrl ..................... 8.203.675 17.999.2 2.397.90 4.049 162131 22,925.000 -
Canudian Palifio ines, in a M ........ .misire nd ashvi.lle ............ 7.45 15.050.303 4,954.890 12.693.396 2.611,335 25.53.540 6.177.600 6.165.900
Central Vermont ........................ d .0 d .300 ashville. Oh s. ...........d 12 260293 2 1612,751262 255.92 255.982
Malae Contra ......................... 1.3,9028 3 -- 8750 75 54.860 47.855 Ne.Orleens and Northeastern ......... 756.396 .610.536 9 o 1.637.000 -
1w York6 Onecting .................. 579 1119. 1 602: 173 Norfolk South.ra ..................... 372,.901 2 .61 119,0 -6.50 -
*, Tort. w Na.. d aror ....rt d 1, 11.1664 6 7.28.160 6.750,000 aboard Air Line ................... 17091.35.829 1.3 0.40a 60T.6:oo -
atl-d ..*.............................. .3 7 332,.352u southern ............................. 9..56.237 8.639.553 312 .01 1.960.000 31.000
Tn ---------- k Ta ..... Central .................... d 5.711 176.592 a 1d. *.907 d 10.5 51.80s 17.500 35.000
arorst Lek .e ion Total ............. g18.787.68 S3.193.813 4 17.139.721 4l.903.894 4 1 .270.815 37.112.305 6,565.112 9.381.175 westeni B of Alabaa ............ --.. 85.521 270.009 16 .249.902 V .10957 537.796 75.000 90.000
Ana Arbor .............................. 79.508 0 >4.059 d 46.86 ,091 1 0 201.500 T stra Distriet total ............. 128,655,293 279.51U.257 47.806.46 181,722.765 l6.079.159 400o.241577 T49938-364 Ul.215.738
oC-bri and Indiana .................... 30.197 3ss.810 --- 336,2 55.394 120.000o -D.000
Delmwar*e and.em..................... 1.355.768 3.006,507 ,1.524, 972.000 Iorthestern Region otal .......... 12.172.137 75.415.896 9.327.066 48.208.131 L 4.779.071 15.302,482 14,07,0o6 8,450.069
Delwmre. lekmagns and VWestom ....... 1.709.636 2.7756.k8 a 4 a 913.531 __
Detroit manl Mabkine ................... 63,887 9.L051 .6 a 1 Choao ad north Vast* ............ ?.a67.046 13 .1H,200 1.66..68 9,57771 8060,000 1,13.159 2.286.31s
Detroit and Toledo ore ine .......... 215.807 391.020 161,089 108.37 288.321 140.000 140,000 Chicago Great Western ................ d 76.2 1.671,0231 598.279 0 000 1.339.900 228,819 686,455
rie ............................... i3*i* 9.945.511 5.35.8 4.59609 d 821.0 1.052.04 3.24.922 3.244,922 Chicago. Mlvwmke*. St. -Pl Pati fi 17.o68.4l9 9.178.0c58 9.521.000 5.608.700
Grand t r k Vam st .................... U l 2.653,706 1.U.92 363.561 175,265 Chicago. t. Pan]. Minneapolis a 4 1 92 2.089280o .T 759939 .O 01.000 -
Lahigh ml odem alver ................. 'W 172.415 ;186.6180 1238.539 94.140 47,070 lth, Misabe and Iron Range. ............ 226 5408322 .. 4,920,137 1.130.653 3.338.3689 -
ILeih t a aow glen .... ............... 579,335 472.779 505.631 325.478 308.351 168.154 Duluath, South shore ml Atlantic .. 8.92 345.291 d 6 d 1.209 -
MonaaSlA............................ 1 668 70,4,i *o o, --5. 221.14;2 Great Norther.................... ... 16,:37 3.1 1 31,.372 14. o5.000 4, .816 14.616.936
Montour ................................ l5.1 7 408.8 183,001 05.0O4 110.323 293,113 Gre n yan VWoten. ................ dA 4 52.45 11.156 41,985 72.05 2 10.215 125.000 125,000
w York Contrl a/ .................... 7.386.354 33,699,48 d I0 18.3295 d 10.93 16,859,702 3.223.697 Lake Superior and Ishpeig .......... 34629 11 352.90 9.758 234,59 160.60 21.200
law TYork, hicago and Louis ........... 3.07.33 11,4,0815 8 2991,000 360564- neapol t. Lois .............. 888.979 890.540 d 26865 639,000 300,000 45o,000
wYo Tk. Otatrto and .ostorn ....... d .697 719.7 a 0.- M epolts, t. Pal a ault Sta.Nr i 1.3a8.796 .1 736.819 97.000 1.797.760
ae T- -, ....h. ** ....... I .. ... 7.24 iortmarn Pacific ..................... 3.-1 1,U.926 l788l 6.936,a 5.037.692 -
Peri Marquette ........................ ,477.520 98 1 20,000 250,000 Spokane Inte tioal ........... 71321 166424 4.65 100,3 47. 9 226,799 71,160 71,160
Ptt lrh d ke rt. ............... ., 2,855,063 IP 2,r278sl.0 a 457.382 2.t12.,s0 1.727,300 1.727,300 pokae, Portland and ttl ........ d 089 2.277.830 2,04 3,867 67 1,041.428
Pittaburg & hManut ................... 82,016 162,165 12 8 6 1 10906 isensan Central b **.............. 176.780 679209 720,000
Pittabou 4AVst Virginia .............. 125.637 945.131 1 448.122 9--- 8
Pitta urg. s8hamt and northern ... d 12639 d 69.576 4 198.761 15.05 trl stern egion total ....... 78.90.791 137.44.1145 4.143,005 96.53445 18.296.850 258.461.910 34.493,407 31.524.s00
Vabh ................................ .3535.595 5. ... e2.too62 .E.o 1.0.249 10o.731.15 596.186 59.186
Alton ............................. 4 1. 120 3.136.825 d 3.01.9.84 1.993.454 125.859 1.865,230 -
Oentral sate. legion total ......... 5.717 134.279.331 d 47.994.153 s5,480.o 4 d 1.091.396 61.337.078 23.952.029 18112.649 Atchison. topeka and Sant& Pe a/ ..... .t 35.93)4.77 22,3.;319 31.7p0.95 17.863.7699 9.386.000 10,385,500 10.385.500
_______ Chicago. arlington a & ike ......... 14.963.532 15.89.865 12.653.794 15.346,487 7.698,54 35.805.600 5.125.161 4,270.966
Akrcn, Canton TYoungtowo ............. ... 99 360.498 36.5 256,049 10.991 225.565 39.418 165.285 Chicago, Bok Islan and Pacifico .. 9.027,959 16,885.680 1.737.158 8907.20 1.430.0 19.550.000 -
aitore d Ohio ..................... Jl 26.801,907 U 3 13.630.971 1 8.12,660 Colorado and Southern ................ 97.47 1,516.14 d 1.72. 19.908,046 -
oeemear mu Lake ti ................... 1 2.075.233 1.199.734 384.577 84,757 Colorado & Vpoing ................... 152,016 136.046 92.28 51.500 61,500 -
Central .. of Iaw Jas, ***.....* 141 3,830.811 d 1.365.629 6,142 866511 Denar mad Ito Grandse Vsrn t ..... 1467.221 8,402.345 d 160607 4.930,876 6.975.500 -
OChlto stwa t ulloto .............. 1.745001 772.303 1.343.40o0 383.63 33.863 Denv ad Slt Lake ................... 263.523 534.71 220.572 -
Chicago Ilnois Midla ............. 560,408 -- 74335 74.857 579,700 Port Worth and Denver City ........... .754 929.670 19 74 1 2. 017 1.330.375 -
Cheato, itieanpolns md lon ivtlo n ... 0 1,295.819 882 49.630 258.369 Northestern Pacific ................. d 8.15 346.392 .89 7545- -, ,
toi. olo on tr ............ 119 898.119 70.092 0.18 122.666 490.664 othen Pacific..................... 397 21,71.533 39.302.659 7545.56 5659.145
tn Joi t o l tm .............. 102.366,56 353.130 1,94.M89 1, .66 Soathern Pacific Transp. S atem / 21,192.16 30,058.200 117638 20,13901 54.097.072 7.545526 5659.14
lln Is teminl.. ........................ 7512 83202 517.742 145.200 1,410o.200 o250.000 oledo. P oria & Vestern / .......... -
ong, Isla .............................. 296.793 .00360 779.16 920.1 20602 UionPacifico ........................ 13.199.04 24.,791.626 12.090,681 36,73.20 5.750,000 64.300.000 .659,592 8,659.592
UMsso t-tillinole .................... 322.569 259256 35.45 256.713 216.000ooo 518.000 Utah ......................... 24,016 92,974 4,310 29,500 -
Pensylvania........................... 269.293 76.166269 d 26.9.9 53.99.093 5.055.167 19.969.405 19,751.631 13.167.754 Vestn cife c..................... 2,137.920 4.076.710 .5 3 3.357.545 760.000 7,225,500 2,777,62 2.49.595
Peylvan *dig Seashore Lius .... d 53.30 d .b 1 d 1. 1a.684,186 --------
ReeItng................................ 5 35. 1.00,650 6.537.294 2.378.262 2.378,8914
State, Ig d e d Transit .............. d 31088 610.555 1 6 2974 169,453 outhstern Region otal.......... 37.571 65 66.673,916 8,990517 36,90.289 2,561.380 96.47.185 1.370.893 1.240.869
Westn Maryland ........................ 7 3,57.001 059 3 2.170,373 1.032.000 2,78.000 -
Whelita ad ake artie ................. 1,343.340 2.097.46 1.342.259 1.977.690 832.000 4.43.000 1.276.189 1.276,189 aumant, Sour Lake a V*estern ** ..... 1.175.787 683,861 1,069.570 661.65 60,2a28 1,67,000 -
Il ............. 177.934 39.137 Z.573 -
Sothera District tatal .............. .69490.144 131,627,50 31,077,201 91,090,507 24.4681.192 170.67,172 32.285.317 36,772,304 International-arl t Norther **. 271,900 2,068 6753 17 .0.2 95 90 0 351.550,000 -,2
---- lanes@ City Southern ............. .... 2.923405 3.561,731 2,470.235 900,000 3.550000 420,000 210000
Pocahotas egion total .............. 31.528,703 40.134.2 28,823,143 36,04.895 17,056,691 147.84.604 20,951,857 24,219.449 KOaaR Oklahoma Glf .............. 397.554 .95 .1,9 506.791 179.536 489,730 208,318 208,294
-Loutitn & lArkanas ................. 1101.316 1.65.49 677.23 1.128.514 30.0,o 2.96,00 150,000 150.000
Chapeak ma d Ohio ..................... 15412.793 18,589,519 12.600,672 1.221.571 7,632.991 17.592,865 11,486,031 14.753.839 Midland Taller ....................... 57.191 174.628. d P .. 53. 4.91 41739 -
-ortolk -l Vestrn .................. 11.663.28 2 14.56.429 12, 49.,613 1..914.6 5 6,925,000 23.075.000 7472,219 7.472,.003 Missori and Arkanas ................ d 931168 1 7,26. d 1, a1 1 39 -
loha reder okaburg and Potomac ... 1,809938 199.461 1.981.413 1,45.090 5.79356 30,032 430.032 M ol- n ............ 2 .93 1.7.. 945. 7.75oo -
Virglat an.............................. 2A2..690 5.089.143 1.751.145 3.960, 1,43,610 1.23.13 1.563.575 1.63.575 Missouriat Palfle .. ................... 8...56, 19057. 7 d 411.7 9.252.S- s25.4 ,000 -
_-------- --------- 1- --- 1- .573.5T5 1No Orleans,7T exasuri P acf .exico *0 ....... 2.f,1.6 29,71.175 1 .370.7d9,252,513
S.Southernegionen a ~......... 2,53,971 1,217 1262,5 1.063,000 -
th m total ............... 37.9611; 91.492950 2.254.05 55.025.612 7.424.501 122.791.568 11.333,460 12.552.855 Oklahom Cit.-Ada-Atoka .............. 41,267 109.988 15.701 984100 .3 21 80,000
St. TLo*u ironsvill and Iexieo "0 977.309 1.587T.048 503.586 1.169,403 706.232 3.03.000 -
Algsm nGrat southern ................. 194,893 1.015.840 461.148 1.1416, 54,000 2.5541000 784,725 1.00-.932 St. Loue- ilan Francisco ........... 603.406 10.267,95 3.724837 8.351.63 0 -
Atmlanta dWest Point ................. 67,,7 ,217,500 97 235. 172.681 511064 4 272 61.590 St. laL Sn Francico iand t T, ... 109T,52 27.9, ,, 168,598 216 ,. -
Atlntic Coaet Line .................... 1 4 5.487,661 182 7.205 114,8.009 2,.14714T4 2.269.342 St. Loul Southatern ** ............ 3.527.084 6.50.151 1.995.76 5,004,166 91.77 13 .629 -
Central of orgia ... ...... 3.26.13 549.690 96.772 578. 71 San Antonton.Uvalde & Gulf .. ......... a 315.3 I 61.9 ad .281 -
CharleMton A Weso.. Carolina .......... 1007 287*9o48 d 130,016 130.000 72,000 72.000 Texas and lw Orleans. ................ -TY .1iE ,7 .13,067. 20.i 821. 4,794.1 3
Clasmsatli, Iw Orlanesem Tmalife 1.7 2,725,46 -- 070. 1.703.560 680.000 4,031.000 1.417,057 1.865.557 Texas and Pacific .................... 4 422 5.676.715 2,925.175 4,022.0689 9 I 11,8945.074 592.575 592,575
0lchfti4ld ............................ 2.142,605 3.45.466 404,088 k4,157 Texa Mexican ........................ 139.630 206.333 80022 116,152 56,000 68.790 -
A A*VSR- rsnwKsr IrAreceuvars.


"Report of reeive or receivers.
* report of trustee or trustees.
d Deficit or other reverse** Ite.
7 Includes lostona Albi. lessor to Nw Tork Central LB.
Poruerly Included In report of Mian-epolls. St. Po *.i &Sult fte. N el*.


Eachdu Atobtson, topeks & Santa fe Sy., Gutt, Colorado a Sata Po IV., at Psabeast 6 Sant
Petwal Manager's operations twainted 12801 a a., Oataba 1945. see not in op* attes.





r~ /~Ze ~


Subject to revision


UNIV. OF FL LIB.
DOCUMENT DEPT.


I A t o inn


U.S. DEPO9WTORY

























)


UNIVERSITY OF FLORIDA

1111111il ll11111111111111111111 INTERSTATE COMMERCE COMMISSION
3 1262 08851 2198 BUREAU OF TRANSPORTECONOMICS AND STATISTICS


Statement No. M-125
AUGUST 1946


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

Compiled from 129 reports (Form IBS) representing 133 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
1946 1945 1946 1945 1946 1945 1946 1945
1. Net railway operating income ............................ 81,69,252 87,496,885 98.4 454 735,012,862 73,605,212 77358,437 265285,353 631,237,907
2. Other income ....................................... ............. .... 14,796,967 13,681,283 17 677311 12376973 13704,568 12,63 ,87 108,521,366 113,763338
3. Total income .... .. 96,490,219 101,178.168 416,078,765 858,782,635 87,309:180 89,993,244 373,806,719 745,ool,245
4. Miscellaneous deductions from income...... -..-- -- 2,902,583 2,396,996 19,397,263 20,460,338 2,672,718 2,278,827 18,542,453 19,383,198
5. Income available for fixed charges-................ 93,587,636 98,781,572 396,681,502 838,322,297 84,637,062 87,714,417 355,264,266 725,618,047
6. Fixed chaTges:
6-01. Rent for leased roads and equipment 10,597,626 12,101,496 79,263,215 98,427,257 10,242,822 11,404,467 74,556,726 92,156,885
6-02. Interest deductions .......... 27,54,413 30,56,247 23,85,72 250,36,563 20,345,234 23,226,235 177,180,592 191,39994
6-03. Other deductions ..... .... .....- -. -. 123,186 112,724 968,492 889,461 108,430 98,340 849,843 772,149
6-04. Total fixed charges .....38,175,225 42,800,467 315047,431 349,68281 30,696,486 34,729,042 252,87,161 284,328,977
7 Income after fixed charges 55,412,411 5,981,105 81,634,071 488,641,016 53,9O,576 52,985,375 102,677,105 441,289,O70
8. Contingent charges ............ ......... 2,868.091 2 2,985,721 26.532.342 2,868,091 3.332.277 23,985,721 26.532.342
9. Net income/ ......... .................. 52,54,320 5 57,648350 462,108,674 51,072,485 ,653,098 78,691,384 414,756,728
10. Depreciation (Way and structures and Equipment) 28,477,162 28,040,325 227,442,656 221,686,229 25,338 794 24,890,438 202,146,348 196,812,450
11. Amortization of defense projects-...........---..... 20,06;5, ,84Z,: 1, 2 61 I.80 4 122,
.12. Federal incoe taxes.... ... ..... .. -.. .............. ... 1 6 7O,913,276 14,12,348 9851,935 35,81,225 635:74,;492
13. Dividend appropriations:
13-01. On common stock............ 17,168,139 16,224,948 103,931,651 99,409,603 17,168,139 16,224,948 103,931,651 99,409,603
13-02. On preferred stok...... .. 4,145,941 4,145,891 30,273,811 26,682,357 4,145,941 4,145,891 30,273,811 26,682,357
Ratio of income to fixed charges_/ (Item 5-6-04) 2.45 2.31 1.26 2.40 2.76 2.53 1.41 2.55

All Class I Railways Class I Railways Not in
All Class I Railways Receivership or Trusteeship#
T--ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS 6/
Selected Asset and Liability Items Balance at end of August Balance at end of August
194b 1945 1946 1945
Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
Road................................ ... .................................................. $139 ,144,125 $ 142,489,291 6 118,267,735 $120,567,641 Number ofermoun Number of Am u
18. Expenditures (gross) for additions and betterments- er Amount 1ts Amount
Equipment ...................... ..... --......... .........- ..... 175,162,443 183,583,248 156,569,931 153,595,075 reports-reports
19. Investments in\atocks, bonds, etc., other than those
of affiliated companies (Total, Account 707)......... 580,337,658 552,876,2 6 563,105,342 537,344,431 August 1946 92 5Z76,123 33 3,331879
20. Other unadjusted debits........... 179.076.527 261.33.92 112.192.194 211.243.079 8 Aogthe 1946 70 173,543,86 11;,895,236
8 months 1945 108 170,510, 816 11 ,26107
21. Cash .................... ...- ..-.. .. ....-.. 1,064,837,832 1,241,198,603 931,044,101 1,051,876,135 8 months 1945 108 470,310,81 8,202107
22. Temporary, cash investments-s ...... 1,247,939,413 1,907,033,963 82,711,439 1,534,429,629
23. Special deposits .-.-.-.-.-.... ... ..... .... 170,305,761 173,282,891 157.556,057 162, 72,515
24. Loans and bills receivable- ......... ... ..... ... 36 291 419,277 9,4 2 416 16
2R. Traffic and car-service balances-Dr...... -..... 151,080,166 59,10.326 40,567,332 46,446,596 NET INCOME-ALL CLASS I RAILWAYS
2 Net balance receivable from agents and conductors .. 4,920,988 25,94,553 03 512,105 114,699036 ILLIO ALL LASS I RAILWAYS MILLIONS
27. Miscellaneous accounts receivable..... ... .... 336,110,089 603,822,462 278,349,102 498,686,046 or DOLLA.s o OLLARS
28. Materials and supplies .-- ............. 628,109,951 604,432,803 555,815,340 533,363,906 80so 80o
29. Interest and dividends receivable....... ...... 23,510,069 36,772,005 18,730,503 30,988,567
30. Accrued accounts receivable.............-- .... ........ 174,531,7 280,99,90 149,846,291 239,731,841 -
31. Other current assets ...1..... ... ..................... 4.113.755 62.29.67 27.558.623 59.068.378 60 --- ---- 60
32. Total current assets (items 21 to 31) -- 3.845.824,059 5 094,956.010 3.846.050.295 4.272.579.010 40 40
*------------------------e ------- '--- --- ^y -- a--- -^ ----- -i- ------ ----- 40
40. Funded debt maturing within 6 months4/..............-- 84.368.903 167.7.67 73.421.384 161.74.8
41. Loans and bills payable 5/ -..11,054,058 358,02 7200,000 1,503,944 20 ----------------.--. 11,o54O.-053,944 020
42. Traffic and car-service balances-Cr. .....-- ..--..- 11,754,369 183,460,153 02,782,756 163,592,531
43. Audited accounts and wages payable ...-.......-..... 6,9682 2,24,8 7 420,616,2714
Miscellaneous accounts payable ...-... 165,890,377 10,534,: 4 4 150,165,536 ------------------- -
45. Interest matured unpaid ..... ........ ......... .. 45,525059 ,7,007 9 39,5,856
46. Dividends matured unpaid 8,230,791 7,617,166 7 9 7,339 ,36
47. Unmatured interest accrued ............. ...... .... 69,887,198 65,56516 68,' 600 64,133,47 ---- --20
1g. Unmatured dividends declared 28,103,1114 27,74,664 28,10)3,11 27,274,66R 4
49- Acorued accounts payable --- -- -- 191,579,689 232,840,524 165,609,010 189,519,597
e argued ..... ..... 652,337,980 1,734,886,447 559,278,884 1,50370 45 40 --- -40
SOther current liabilities ................. .... ......... 114.67.027 107,.717.752 473 9867
52. Total current liabilities (items 41 to 51)--- 1.911.626.644 .072,.134,943 l6zi_,W.37 2 66;r _82P891 -60----------------- -60
53 Analysis of taxes accrued: -80 I I -o
53.-01. tb. S. Government taxes ...2.. ....... ,917 1, 55,888,150 25 30 1.36.424533 J F AM A J O D j FM AS D F M A 0
53-02. Other than U. S. Government taxes-......... 5,93,063 178,998,297 13',176 654 17,82,012 1944 1945 1 F 946
54. Other unadjusted credits 1,768,437 581,.12 190 58 519620, 16
u 190 141 al 03IC5 a 519,.0,1


l/Represents accruals, including the amournL n default '
2/For all Class I.Steam Railways the net income was as follows:
Perloa 1946 1945 Decrease
3 mnar.ths ended August 1 .45 1883 20 7
6 months ended August T790
12 months endea August i&'; TS

The net inoome shown is after deduction of the following amounts taken out of operating
revenues to ardate reserves for land grant deductions in dispute August 1946, 309,352;
August 1945, 7,601.,07; 8 months of 1946. $2,177,713; 8 months of 1941, 632,319,601.
3/ rot. rilm'.sW in reosivership aid trusteeshit the ratio wasas follows: August 1946,
l.29; August 1945, 1.37; 8 months of 1946, 0.66; 8 months of 1945, 1.72.


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 month of August 1946 and 1945, and the
S 8 months of 1946 and 1945, where net income (or deficit) was absorbed by the
controlling company.
Excludes Toledo, Peoria and Western Railroad. Road not in operation.
I Figures include returns of the Chicago, Milwaukee, St. Paul and Paoiflo
which emerged from trusteeship on December 1, 1945, Chicago, Indianapolis and
Louisville Ry. Co. which emerged from trusteeship on May 1, 1946, and Seaboard
Air Line which emerged from receivership on August 1, 1946.
!/ Includes credits covering refunds of 1944 and 1945 taxes on account of
carrybaoks of the 1946 unused excess profits credit and net operating loss, as
follows; August 1946, d 6,872,478; 8 months ended with August 1946, *60,388,860.
I d Decrease or deficit.







INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS

SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR THE EIGHT MONTHS ENDED WITH AUGUST 1946 AND 1945


ETR RAILWAY OPiRATINGN EEDECRAL INCOME DIVIDEND NET RAILWAY OPERATING ST INkO FEDERAL M INCOME DIVIDEND
INCOME i y INCOME TAXES APPROPRIATIONS INCOME TAXES APPOPRIATIONS
Region and railway ___________ ----Region and railvewy
19146 1945 1946 1945 1946 1945 1946 1945 1946 1945 .1946 1945 1946 1945 196 1945

United States Total .................. $298,1,h454 $715.012.862 $57.648.350 $462.10s,674 $38.3h14.810 $740.913.274 $134,205,462 $126.091,960 Southern Region Continued
astern District Total ............... 46,176.002 265.318.321 d .7.7 151.746,.747 d 15 5,10 114.556,780 31.155.257 28.220.585 linchfield ........................ $2,626,332 $3.793636472 53.1$453056 42850513 -1.70
.......... Columbus and Greenvlle ............. 46.325 37.949 64,.72 4 53.13 13,926 46.5433 9,85. *19.700
New and Region Total ............ 624.202 21,075.41 957 10.157.066 d 1140242 11,737,060 198,410 287.105 Florida ast Coast ............... 2,16692 .610,612 580.20 .7 33,245 2.23.492 -
Bangor and Aroostook ........... ...... 521.476 785.214 173.083 144.438 56,418 1,2144.067 143.550 239,250 Georgia & Florida ..... ...............1 n.. 19,770 d 3.41; 728.000 --
Boston and Maines......................... 1,725.642 5,574.47322 2,769.391 150.1432 2.260,246 Georgia Southern and Florida.......... 18598 539,638 3.1572,000 -
s.en .en National Lines in e ngland d 21 Gulf, Mobile and Ohio. ................. 76,271 2,839,165 96.496 1.937.229 85.000 334000 708.852
Canadian Pacific Lines in Maine....... 25,796 9 Illinois Central..................... 10.058,170 20,108,991 3.122.283 1 .143,32 21,009,100
Canadian Pacific Lines in Vermont ..... 9d4q.39d .5 Louisville and Nashville ............ 50680 16,9350 6693,:28 N .31.300 3.580,523 27.170,160 6,177.6 6.165,900
Central Vermont....... ........... d 86 39,772 1582.709 d 1 d &2 0o 69,808 4 14.679 Mississippi Central ................. 34.566 190,687 1,5.360 81.585 -
Maine Central ............................. 16,17 1 251. 79 950 6 210 57,263 523.91 54,860 47.855 Nshi Chattanooga & t. Loui .. 476.45 2.773806 1.869291 3.167.083 255982 255.982
New York Connecting ................... 697.6 1.323372 218,381 730.583 d 46.661 173.514 Orleans and Northeastern ........ 352,703 83260 575 .666.1 183,205 1.802.000 -
e ork ew Raven and artford ... 677 1258,27 d 18 12700 7,550.000 Norfolk Suthern ................... 1 8 1 0010
Rutland ".... .2 2 d 1412 d 1 41.2 d 266.-26 -- Seaboard Air Line....................17,094.580 12,973,859 4 8,C 1.3114,739 9.075.0002--
S...............outhern ............................ 10,982.430 20.343.415 9 13,341,829 2.60s,82 33,668,000 -
Tenn..ssee Cntral.................... d 40 194,088 8.8 4.148 d 11.08 54,784 17,500 35.000
Great Lakes Retion Total ............ 30.836,882 92,888.479 d 11.00.870 46,o63,702 d 1.906.2140 36,355.626 6,585,112 9,401.175 Western By. of labam .............. 219,234 307,952 191.1i 28,885 .613.750 75. 90,0U
Ann Arbor ............................... 63.643 501,223 d 2 3 343.396 d 12226,9014 Western District Total -............ 166,049.225 322.250,339 74.098.611 209,6014,710 22,805.581 444.468.981 59,036.354 *9.370.537
Cambria and Indiana ...................... 1422,555 397,103 O9 ,OqR 382.781 301.174 621.866 120.000 120.000
Delaware and Hudson ................... 1955.925 3.335.321 560,101 1.50.666 1,148.OOO 1 Northwestme Reion Total ......... 26,409,590 91.260,664 2,288,433 59.1497.860 50.241,111 110714.064 8.450,069
Delaware. Lackawanna and Western ...... 2.323.975 3.'43,680 d 1,06 3 ad 416.42 w d 93 1
Detroit and Mackinach..... ..........3I 0 113,76 28.548. 1- Chicago and North Western ........... 3.711,989 15,119,577 246,708 11.032.331 9,290,000 1,143.1592.286.318
troit and Toled h ........ 271,6 431.823 212575 35.0 141.222 269.916 160,000 160,000 Chicago Great Western ............... 1,883.159 666,115 .1.56,900 228.19 686.55
rie d............................ 2,660 11.038.718 9 6 5.037.925 d 1285881 235,356 3,.244,.922 3,2144,922 Chicago. Milwaukee, St.Paul & Pacific -.787,929 19.525.,892 2 10.381:328 90 o10.437,000 5,608,700 -
Grand Trunk estern...................4 d1,782,06 3,20.030 2 353415 d 1 88.289 147,720 Chicago, St. Paul, Minn. & Omaha .... 092 293055 97670 531.0 -
Lehigh and Hudson River ............... 133.900 192,281 152.275 207.391 89.901 2g9,878 914,14014 7,070 Duluth, Missabe and Iron Range ...... .315,978 7,418,614 .219,777 6,861.993 2,181,105 14.387.262 -

19y.:::0::.25 8 1 .7 52,275 2 63:t1, /h *a Atlantic 11 dO1 60,1 0; -7
Lehighnd New n ...... ... ..... 715815 558 6 631,258 392301 385.3 212.703 Duluth, South Shore and Atlantic...... 95055. 31 2 2969 28678529 43.591.39739.679.599
Lehigh Valle............................ ,62002156 63,20,62570 1.505187 d 1055.399 d 2 11343 180 Duluth. Wnnipeg and Pacific ........ 30.11.52907 1.81.67O4 1213. 2.02_7,8 98-
Monong ela ........................... 179,91 752915 23288 240.555 12,029,22 73 252.7365- -,Great Northern s n ..................... Pac. 10 955 s 21424,451 ,7 810 d 277.298 15,31,o0,000 1 4.616,936
Montour............................... 139.... 256527 471,12 253.562040 15.379.001 155707 40,639 Color io and Wesouthern ............... 232.529 63.613499 ,67376.435 159.30 125,000 125,00
ew York Central ................ 12165,295 37 432,962 525.241 1,046,52 409.570 223.697 Lake Superio r and Ishpeming ..... ..... 6 15.842 38,9531608 6.650 2142 70
New York, Chicago and St. Louis ........ 5,065,7O7 12,325,3714 3., 29 8834,927 d 93 .703 2,991.000 360,564 Minneapoli's A St. Louise..............d 244 0M0 1,031.797 d 1'O.29,903 d 215,65 689.238 300.000 4 50.000
enw Yorkl Ontario nd Western 1.00.275 21d .2001 d 2.12.4 1 1.392.79 8370 8 511 DenMinneaolis. St. Paul .3. Ma ... .98 2657,0 2179 700 1797,760 -
New York Suscuehanna and Western d.91 5 0, 0 7 0,607d 2 5 78,559-0 Northern Padfi c .................... 114,756,:692 215,916.30 50.000 4,609.892-
Pere Marquette........................ 98 2 ,7 ,112 3 6520 1 d .000 280,000 Spokane International. ........... ... 12 19::::::77 8146 06619 171.16,16
Pttsburh and Lake Erie.............. ... 1905,923 3,251.03 7 2,626081 2,391,20 1 -727.300 1,727,300 Spokane. Portland and Seattle....... 197,184 2,935562 1971, 639,200 1.077,726 -












andLakeBie ........ 1.90 5, 3 1927513, 510 336201 9k.0n2.23......... 44.584.468 75.079.101 12.11.6oo 4.871.4l9 2.742 0 107.842.576 1.370.8931. 869
Pittebur Shawut ..................... .119.739 42029 132 3 2.93898 1 000 2,923000 .urWisconsin Central ............. 177,205 169136,825 70 626,897 -990,97 -
Pittsburghrn West Virginia ............ 225.903 1. 07,336,27 2,152,17 8 -n 12 2 5
Pottbur, Sh ut e nd ortrn ...... 12,751 d 5.753.971 37.469 3 4 71.65 entra Western Re5.6 Tota.195.055,167 1553267068 35.9391.76574 59.65.58 109235431 24,429...914785,294 143591,397 39.679599
Wabash............................6.... ,0,6217 ,570 2. 5u4.OR 0968,20 11,3143,180 598,186 59.186--9
Altonho ................... 0,343,726 21.307............................21 17,460769 9 349 1,07742 17,2293,11046 20496520oan614 142 ............... 913 2.037498 -
Central Eatern Region o... l............. 1714,910,2 1.3,62.510 15.793,865 7. 1 9,5259793 8 .692 6,464,09000 1037988,427 10,988.5 211305 Atchisonur opeka and S ta............. 210 122 39. 127 0.7 1 13, 32120.949 8, .72'4,0005500
chicago. Burlington incr........18,Poto176,72 22 68,581 15.42969 18.1. 2121219151 2.96,713 2,307,003 2251586 165090 62832,5603430,038 40,O Tex co ...... ,200 5,125,161 ,2 0.96
Akron anon & Younsto...n...... ................. 79 1 614.739 23,288 2.34,9555 12,029 225,565 39418 165285 Chicag43 4.0o, Rck Islan and Pacific .. 11,049,55 19,85260 2.2,97 10.3,3 2111,108 21,550.000
ltimore nd Ohio.................... 271396885 130126796 529 1 79.5 010 32,871 1956 2,1470390 784,725 olorad932o and Southern ............... .32529 1561.05,666 2399 14 5.6639 26,559 61765.629
Besseer and Lake Brie ................ 2,203,93 2,.432.962 1,511,525 1,435.271 24312 ,4 586,O93 49 Colorado & W yoming.. .................168,783 151.842 119,13 55 4,20 0 .0
Central R.R. of New Jersey a.... 1.rO17 14,213.571 d 3.719412 1,392,779 8.370 874,511 Denver and Rio Grande Western "" .... 1,982,442 8.688.650 .712,601 8.482,300
Central R.R. of Pennsylvania ......:::... : 206,8981550 32.650 1091,20 800 10 00 72,000,558 Denver and Salt Lake.....................,039211 41.99572. 9598 138.39 64,000 78.79
Chicago A& &atern Illinoisn................1.02.0 1 1.963:177 d1 1.582.5U14780 1,437,400 383.863 383.863 Fort Worth and Denver City ........... 558.175 1.573,755 0 7144:.128 12.033 954835 -
Chicago & Illinois Midland............ ..421,772 629397 202,786 1416.705 127.057 597.100 Northwestern Pacific................. -14149,912 d-4-1-51
Chicago, Indianapolis and Louisville.. .4 516,229 1,4-57,853 0. 1 535,282 258,369 -1- Southern Pacifico.....................'2a,203,77, 9 9 2L 142.652,225, 11,318.8'29 48.188,717
Detroit, Toledo and Ironton ............ 993,175 1,248,808 716,552 911,777 133,415 596,031 1?2,666 490,6614houthern Pacific Tranep. System I/ ..214.,94. 000 3.4,543998 1,2364031 l 58.680,7854 11,318,2898.1488.717
lgin, Joliet an astern.............xa,6ac 2, 2685,11 266,126 1,832,622 51,55 1390,076 Toledo, Peoria Western ...... -
Long Island ...................... .... 752144 30061 .922 1.32.180 26,345 Utahk Santa e ................................ ,13 107o995do ta e an Pn l a Santa .
Missouri-Illinois ................... 89.860 291,54'7 .2777.R 289.472 259.000 578,000 Western Pacific...................... 2,538,186 4,4140,060 1.9142,25 3.619.6146 o 1,00000 818h.153 2,7"7.628 2,5149.595
Pennsylvania6...................... 33462.011 84,660,377 1 d 24,16372 59,212,176 d 6.02 ., 22,822.177 19,751,631 13,167,754
PennsylveniaReading Seashore Lines ., d 362,69 378,136 L 50761 d 282.986 236063 192,556 Southwestern Reion Total ..........44,584,469 75,079,101 12,151.600 140,81,1419 2,142.080 107,842,576 1.370,993 1,240.869
Staten Island Rapid Transit............d 306.871 695,0143 d 689.770 333.715 195,453 eaumoant, Sour Lake & Western 00 .... 1.168,441 755,380 1.079,651 708,203 860228 1,685.000 -
Wetern Maryland ...................... .3.171.313 14,20,292 .152.1 :3 2,93,898 1.331,000 2,923.000 -n. 159,1402396825ij
Wheeling and Lake Bries................. 1,872,201 2.359,326 1,875,752 2,219,7142 1,117,000 5,017,000 1,276.189 1.P76.189 31933International-Great Northern ...........271,503 2 .,19.3339 d320. 3692, 813" 1,25,0000 0
Southern District Total.............. s86,176,227 147,444902 143,428,126 100,757,217 30,771 4,09181,1487,513 44,01'g851 18,500,838 Kansas, Oklahoma & Gulf.........4... 50,256 714.802 356.914 571,062 196,8564 553,700 208.318 208,294
"_ _Louisiana & Arkansas................ 1,311,787 1,846,100 858,561 1.239.092 1428.OO0 3.292,6oo 150.000 150.000
Pocahontas Region- Total............... 140,712,751 45.753.971 37,.469,413 41,171,165 21,601,221t,53.638,981 32,670.168 35,937,760 Midland Valley.......................... .. .. 64,323 1951429 d 64 "5277144 1,9114 34.466- -
Chesapeake and Ohio.................... P20,343,726 21.307.829 17,060,121 17,1460,769 9.61I1349 19,077.242 17.229,0146 20,496,854 Missouri-Raneaa-Tex a................ 021,100 5,052.1467 1,201.19803.0Ogg0v k 981.O 10.395,000
Norfolk and Western..................... 14o,908,142 16,632.510 15.793,865 17,109.113 8.925.000 24,775,000 10,988,427 10,988,211 Missouri Pacific e................... 10.805,122 21,426.796 580,413 10.132,475 29.050,000 "
Richmond, Fredericksburg and.Potomac .. 2.121,219 2,196,713 2,307.003 2,251.586 1,651,090 6.288,596 43o,032 430,032 New Orleans. Texas & Mexico 0* ...... 3,001.514 2,045,265 1.291,686 263,3148 5 djJ1" 1,103,000--
Virginian .3-3P9,664. 5,616,919 2,308.124 .3149,697 1,380,785 i,498.1i43 4,O22663 4,022.663 Oklahoma City-Ada-Atoka ............. 1 44,1469 121.171 15,013 91.2894 _2 T12 92,005 80,000
St. Louis. Brownsville and Mexico 1,08161i4 1.548,380 5959,80 1.063,333 706,232 3,043,000 -
Southern Retion Total................ U5,1463,476 101.690.231 5.958.713 59.586.052 9.173,185129.8S8.532 11.343,683 12.563.078 St. Louis-San Franciscoo ............. 1,677,6214 11,598.5912 0 d 1. 4,108,518 9,326,68029 -
Alabama Great Southern ................. .271,655 1.126.796 529,441 1,507,935 96,156 2,711L,000 784,725 1,008,932 St. Louis Southwestern 0............. 14,153,212 7,105,666 2.399-6114 5.392,342 1,135.793 14,765,629
Atlanta and West Point ................. .1 00,506 2144,130 120,053 265.1214 1 586,91 19,272 61.590 San Antonio Uvalde & Gulf 362,505..d 1.5 d 503.291 01, -
Atlantic Coast Lined................. d 06,528 5.6853 d 470.359 7,289,050 d oo o00 0 14.38,009 2,474,474 2,269.32 Texas and New Orleans................58,939,7,55 9,3140.2214 6,08.754 c 1 4w16,028,559 -
Central of Georgia................. 297,507 3,683,352 d 2,3,2 601,395 1 593,139 Texas and Pacific ................... 5,173.845 6,671,948 3 308281 14,595,239 1,069.000 12.958,074 592.57.5 592,575
Charleston & Western Carolina...........d 99,125 289,810 2 109,502 130,000 72.000 72,000 Texas Mexican ....................... ..166,039 241.997 95,098 138,369 614,000 78.791 -
Cincinnati, New Orleans and Texas Pa.. 2.385,150 3,01L9,426 1-361.300 1.898033 814.793 14.371,000 1,427,280 1.875,780


** Report of trustee or trustees,
A 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.


Data not included in total*. Includes Southern Pacific Gospany. Texas and Mew Orleans R.R. GO., and leased lines.
Federal Manager's operations terminated 12:01 a.m., October 1, 1945. Road not in operation.
U. S. GOVERNMENT PRINTING OFFICE : 1946-0-702097








Subject to revision


UNIVERSITY OF FLORIDA

I I3 I H 1111 IIl1 I1 2 II I IIIIIIII lll li l l2 III
3 1262 08851 2206


Jan7'47 /


Statement No. M-125
SEPTEMBER 1946


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


UNIV. Of- FL LIB.


U.S. DEPO ITOMY


Compiled from 129 reports (Form IBS) representing 133 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 September For the nine months of For the month of September For the nine months of
1946 194; 1946 1945 1946 1945 1946 1945
1. Net railway operating income -...------- $67,62,58 3 65 64 778 716 61,223468 46,2 1 26 ,916 67
2. Other income .... 13,789 ,922 3 1 137,692 l 12 6 12, 209 2 12,890
3. Total income ... .. ..--- ... 81,050,307 57,056,089 997,165 915 ,8,727 73,07,054 59,07,66 447,260,8 04,073,90
4. Miscellaneous deductions from income--.-.... -- --- -- 2521,936 3,592,a80 21,919,199 24,052,820 2,369,621 2,147,902 20,912,075 21,531,10
5. Income available for fixed charges -- .. 78,528,371 5,63,609 475,5,96 891,785,907 71,237,433 56,92,758 426,348,793 782,542,06
6. Fixed charges:
6-01. Rent for leased roads and equipment 9.635, 100 io,616,07 88,898,313 109,073,28 9,24, 27 10,048,770 83,800,963 102,205,656
6-02. Interest deductions!/----- .--- 27,4o6;207 30,720,2E e62,215,931 281,o08480 20,175:73 23,251,6b7 197,356,27 214,651,10
6-03. Other deductions...733 ------ ------ 139 1,09,226 1,003 42 10739 998,3 ,83
6-04. Total fixed charges -- 37 o40 41,480.221 352,212,470 391,16 501 29,28,712 33,399,625 282,1, 17,28,602
7. Income after fixed charges -............. ... ,3333 11,98338a 22 84 96 500o62 4 41,708,721 23,525,133 414,232,9 484,24
8. Contingent charges..-. --- ---- -- 2,293,78 2,927,637 26,279,510 29,459982 2,293,788 2,927,63 26,279,510 29 14.59982
9. Net income 2/. .....--.... 39,009;543 9,055,751 96,56,986 471,1 4:12 24 39,414,933 20,597,496 117,953,410 435,354,222
10. Depreciation (Way and structures and Equipment)...... 28,441,879 27,97,6 55,884,536 249,623,807 25,321,461 12, 45446 227,4679,810 21,86,89
11. Amortization of defense projects............----...... 1,139,58 12 ,985,375 281,282,322 996,822 1 ,96 5,95,88 249, ,5
12. Federal income taxes-. ......- ----- ..-.-.- / 5,84 1, d 38.592:284 ,44 30,83 702,320,988 6, 33,4O4 d 42.19.977 42, 49,202 593,i 1k.4
13. Dividend appropriations:
13-01. On common stock ... .. ... 15,161,926 4,602,992 119,o93,578 104,012,595 15,161,926 4,602,992 119,093,578 104,012,595
13-02. On preferred stobk-...... .. ...--- 399,184 495,507 ,30,672,995 27,177,864 399,184 495,507 30,672,995 27,177,864
Ratio of income to fixed charges/ (Item 5+6-04)..- 2.11 1.29 1.35 2.28 2.41 1.70 1.51 2.46

All 11. R avClass I Railways Not in
All. Class I Railways receivership or Trusteeship#
-- ANALYSIS OF NIT INCOME-ALL CLASS I RAILWAYS 6/
Selected Asset and Liability Items Balance at end of September alanoe at end of September
__________1946 1945 19461945
'Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
Road. ... $160,192,736 192,7 $167,40,372 135,868,233 $141,578,494 Number of Number of
18. Expenditures (gross) for additions and betterments- reports Amount Amount
Equipment ...................................................................................... 212,918,733 210,364,94 i,638,26 178,013,614 reports A reports
19. Investments in stocks, bonds, etc., other than those
of affiliated companies (Total, Account 707).--. 5,0 ,641,853, 562687,070 526026,3J26 September 1946 86 $ ,829,745 $ 6,76o,202
20. Other unadjusted debits-------- --------- 1740848 7 77,52 110105937 1282,2 4, September 19 79 3929,227 2, 8, 6
21. Cash1,036,303,06 1,147,719,137 897, 10 975,301,286 9 onthe 1945 106 488,11 ,312 19 16,949,888
--- --- ----------... .. .. .. .. .. .. .. .. .. .. .. .. ..---------- ---- .. ..- 1 ,1 7 4. 6, 3.:0 1 1 74 91:7 9 .O 1 7 0 ,9 6m n h
22. Temporary cash investments .. .. ..1.17 4,470,85 1,7141, 930:, 109 1 1,31 3,E52, 74
24. Loans and bills receivable ... 93,79 1X,65 1 3 9,5 7
25. Traffic and car-service balances-Dr.... ---...... 54 l2a 57, l 5,o. 4 ,2,6 3 NET INCOME-ALL CLASS I RAILWAYS
2g. Net balance receivable from agents and conductors. 12L,'L,60 ?b19,0_, O 1o0211 0 637 s. I -L uoLASS AILWAS M
27. Miscellaneous accounts receivable .. --.2 -.-600 '39,505 457,85.6 OF DOLLARS OF DOLLARS
28. Materials and supplies --......-- -- .-.- .,69 0 99 ,0 ",38 8o0--------- --be994o780
29. Interest and dividends receivable ---- ...-,-- .721-3 2 ,7, 0,6 29,6, 98
30. Accrued aooounts receivable .. 16,08,2 8 247,927,531 1,o,37,3$ 208'.".8,5 8
31. Other current assets .... ..- 32,364,249 55B30. 25,619,154 52,621,690 60
32. Total current assets (items 21 to 31) 3.750.602.904 4.7944.250., 3 165.631.674 3.995.734.906 40- 40
40. Funded debt maturing within 6 months4/ ....---- 97,615.614 248.168iK0 I 77.510.246. 242,672.399
a1. Loans and bills payable ....13,922,65 8,001 9,020,400 1:,453,943 20 1--20 ---- _. 20
42. Traffic and car-service balances--Cr.. 1 5,5i77,3 ,174,69 ,277 .98 159, 1 153,5423,941
4 Audited accounts and ges payable 1.1.9 5 121 o-5 ,----------- -- ----
U niMi s c e l l a n e o u s a c c o u n t s p a y a b l e .. . .. ...... ...... ... ........ .. ..... .717 8 0,,01 9 2 ,2 9 5 3,3.522 1 215 4, 9 729 5 30 00-0
5. Interest matured unpaid--- ..---- .----- -,- 7a,432 ,9 53 27,9P 5 54,972,393
4. Dividends matured unpaid.- ..---................ -- ... ..---- ----- .O,7- -0 I -I -0
7. Unmatur sd interest acc rued .....- ------- ....... ... .. .-------- -------------------5 :-02. 5 5- :- -20
g. Unmatured dividends declared.--- -- .------- 69-3-- ^'- I6:7369:36 821I4
Aorued aooounts perable .1, -504-- o I.. 8:7 -40 ----- -..- --.--.---.- ---3--- -40
Taxes a ocrued ------.......... ..............................1 ,21i......
Other current liabilities :----....... .---.-. i 94.4ee.S- __- 10277,270 86531319
52. Total current liabilities (items 41 to 51) 12 58769981 ,321652705 -60 -- -- -- -60
53. Analysis of taxes aooruea:d: ,.07:, ,-80
53-01. U. S. Government taxes 47...................... 17,3,08 1,36 1FMAMJ JASNDJ FMAMJ JASNJFMAM SND
54. Other unadjusted credits .............. .. 389,65,1 02,3 I .ASN Ma4,M0 5 A3,O121A
53-02.-Othr-than-U.-.-Governmnt9taxes............ W 5 J :U9,r9414596


Represents accruals, including the amount in default.
pFor all Class I Steam Railways the net income was as follows:
Period 1946 1945 Decrease
3 months ended September 1124,587,414 $127,196,438 Q,609 ,024
6 months ended September 82,393,740 325,507,517 2 1,114,077
12 months ended September. 72.785.2l0 69,.610. 7n70.-74
The net income shown is after deduction of the following amounts taken out of opeSrang ,
revenues to create reserves for land grant deductions in dispute: Septebhr 14.I 132b1,
September 1945, $3,829,851; 9 months of 1946, 12,499,007; 9 months of 1945, O3149.Ni-.
./ For railways in receivership and trusteeship the ratio was as folowll! september
19# 0.95; September 1945, -; 9 months of 1946, 0.69; 9 months of 1945, 1. '.


y/ 1nolU^8s pay "nto of principal of long-term debt (other than long-team debt
in default) aoh ill become due within six months after close of month of report.
/ Inclusa obligations which mature not more than one year after date of issue.
SExclu reports of 4 roads for the month of September 1946 and 1945, and the
9-months of 46 and 1945, where net income (or deficit) was absorbed by the con-
trolling on0n.
Exol Toledo, Peoria and Western Railroad. Road not In operation.
S Figures olude returns of the chioago, Milwaukee St. Paul and Pabifio which
emerged from tusteeship on December 1 119T5, Chioae, Indianapolis and Louisville
Ry. Go. which merged from trusteeship on May 1, 194, and Seaboard Air Line which
emerged from relvership on August 1 1946.
4; / Include*s redite covering refunded of 1944 and 1945 taxes on account of carry-
baae of thei946 unused excess profits credit and not operating loss, as follows;
September 194b, $IU,0989259; 9 months ended with September 1946, t71,906,172.
Decrease o defioit.


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

STHE aIM MONTHS ENDED WITH SEPTEMBER 1946 AND 1945


NE RAILWAY OPERATING IEna L INCOME DIVIDmD
INCOME !1 TOiS J APPfSPEIATICES
Region and raeilway .Region and railway

1946 1945 1946 1945 1946 1945 1946 1945


United States Total


..........j$365.611.00621$77,1246,7161 $96.%64.946


$471,164,424I


$"-44330-803+102.320.9W 1$1249.766.573 1$131.7-96.4591


storn District total .............. 64.863.008 287.921.687 d ..312792 161,128,221 A 17.03.625 113,113.564 32,574.306 29.381.172

Now gland Region Total ............ 1,642,130 22,710.890 9.127.21 10.671.659 a 1.755.69 12.179,525 198.410 287,105
Bangor and Aroostook .................. 422,132 886,308 38,777 513,921 33.02 1,287.,277 143,550 239,250
Boston nd Malne ...................... 2.127.13 5.982.889 d 793.665 2,876,686 166,497 2,363,996 -
Canadian National Lines in lov England. d 924.wt d 615.963 31.62. 761.327 -
Canadian Pacific Lines in Maine ..... T 2 922, 27 -
Canadian Pacific Lines in Vermont ..... ,. 96 d 918.--
Central Ver.ont ....................... 7.4 a 1.732.o 1.189 689 77.008 .979
Xan.e C.entr.al ......................... .9 1.3289.729 197:26 7T991 82:776 13?,? .860 47.855
New York Connecting.................... 761.309 1:467.149 219.273 797 502 a 9 173.51
Nov York. New Haven and Hartford .. 12 ,525 13,623.360 2 8,269., 148 7,950,000 -
Rutland e ............... ... 211.272 ...... .43.d 3- -..


Great Lakes Region Total ............
Ann Arbor .............................
Cabria and Indiana .................
Delaware and H u son ..................
Delaware, Lackawanna and.Western .
Detroit and Mackinac .................
Detroit and Toledo Shore Line .........
Brie ...................................
Orand Trunk Vestern ...................
Lehigh and Hudson River ...............
Lehigh and aev Igland ................
Lehigh Valley .........................
Monongahela ...........................
Montour .............. ..................
Nev Tork Central / ..................
New York, Chlogo and St. Louie .......
New York, Ontario and Vestern ** ......
New York, Susquehanna and Veetern ..
Pere Marquette ........................
Pittsburgh and Lake Brie ..............
Pittsburg & Shawut ...................
Pittsburgh A West Virginia ............
Pittsburg, Shavaut and Northern ** ....
Wabash ................................


Central Eastern Region Total ........
Akron, Canton TYoungstown ............
Baltimore and Ohio ...................
Bessemer and Lake Erie ................
Central R.R. of New Jersey 0 .........,
Central R.R. of Penneylvania ..........
Chicago a Eastern Illinois ............
Chicago & Illinois Midland ............
Chicaego, Indianapolis and Louisville ..
Detroit, Toledo and Ironton ,,,........
Elgin, Joliet and eatern .............
Illiois Terninal .....................
Long Ieland ..........................
Miesouri-Illinois ....................
Pennsylvania .........................
Pennsylvania-Reading Seashore Lines ...
Reading ............. .............
Staten Island Rapid Transeit ...........
Weetern'Maryland ......................
Wheeling and Lake Brie ................


36,382,988 102.038.048 i 10.736.108


495.437
2.622,639
2.580.:269
134.65
320,463
1,.40.461
a 2.545.235
155,309
845.138
3,422,922
6914.265
325,601
12,800,558
6, 063,335
d 1.14.3o02


31,821
2,304.622
136.930
317,392
d 127.88Q d


50.129.826 Id 16.232.6wa


'1.5t7.186 I


7. 12 177


.1 j + &LaLM ,,2.o 109, 1. ~m.f


4 .197
3,743.933
3.723.717
429
11,867,873
3,495,328
207,750
651,796
3.796,777
837,757
53s,896
42,059.184
13.363.776
d 772.069


499,880
4,979,361
3.578.892
181,762
1,114.571
2112, 7


S 89.168
1.087.,419

73.102
254. o04
d 4.377.170

175,920
749,58's
d 1,350.93
321.979
d 6,624.244
As,5?o.55
d 2.392.276


8 a-06
d 295.4
2,106,T79
15LO46
22


I --. I- il s ir.... ,l-


b,4 as,900


tones** I 2,711,05'


26.837.9901 163.172.72491d '2.2449.1631


243,552
2.153.107
2.975.096
a 1.740.821,
1,205.198
d 1. 11.4 i


534.903
629,678
1,020,362
456394
9,787,575
d 922.062
4.903.920

2,373.570


3, 597
33.4,.4208
2,850,078
4,523.376
234,884
2,122,079
703,118
1.511.853
1,262.947
2,.25P,044
1,020.913
3.325.718
325.740
90,667,673
272,930
10,483.81
728,418
4,.7832488
2,6 4, 1(4


67,867





d 931.827
M1,749
414,602
221,022
a 676 3.
49


2,0.9,190

2.372.3091


3s49.023


355,6o0
5,754:N1


295.586
224.932
)466 ,60
d 1196482

534.545
22.327,801
9,6 6,o65
d 1.745. 290


73.451
3,739.889
2.950.443

A 9 l


4.4 44.316


o100,326.736


202.9104
16,011,903
1.734,003
1,354,622
173.039
463,964
501.,457
883,813
1,760,088
616,136
1,932,652
32.4,024
62,038,447
6 470.832
6.523,082
323.186
2,619,526
2,455,138


3511.96

1.000
16s8.647
d 2.022.714





-
b57,873




2
200.803




273. 5s


d 1.258.510


954,232


23,221
53.671
1,237.577
8,570
1,600
167,657
188,990
304.681
253.900
302,000
65.,11
1,857,044
1.66,00
1.498,000


230,656
687.531
1.198,000

276.547
a 1.211.144
225,175
210,974
262,009

284,325
385.977
12,513,415
2,1143,000
60,494

2,475.980
381.915
11,4o4.426


200,565
1934,230
1.234,248
Z49.511
123.767
1.267,650
643,200
258.369
1.368.567
1,511,500
265.888
635.,000
25.674,949
216,626
6,937.540
188.453
2,898.000
5.164,000


180,000


180.000
3.24 4,917
141,210


510,000

360,564

420,000
1,727,300


598,186


25,013,719


78,385



383,863

122,666



19.751.631
-
3,147,692/

1.529.,4*


Sa.66s 9245


180,000


180,000
3,244,922
94,140



3.223,697


420,000
1,727.300


598,186


19,425,822


330.570



389.863

490,664

375.000

13,167.754
3,148,489

1.529,482


Southern Distriot Tota............. oo,100.194.525 159,9789 52,566,448 lo6,2a31,o0 35.909,405 185,357,631 4,024,f,3 18,511.060
ooaoatas aRegion total ............. 47.733.30s 49.956.374 43.948.906 44.854.455 25.366.305 53.065,606 32.670,68 35.937.760

Chspeake and Ohio ................... 24,489.241 23.730,119 20.737.317 19.412,838 11.61.555 20,145,671 17i 02 6 0o.496,854
Norfolk and Western ................... 17.257,85 .18,51t,56 18,195,109 19,070,170 10.925,000 26.675,000 10.98427 10,988.211
Richmond, Fredericksburg and Potoman .. 2.253.978 1.592.749 2453.326 1,661.613 1.747.090 4.724.792 4o,032 430,032
Virginian ............................. 3.732,e 6,114.942 2,63,154 4,70983 1.532,660 1.523.143 4, 663 4,022,663


outhernaon Total ...............
Alabama Great Southern ................
Atlanta and West Point ................
Atlantic Coast Line ...................
Central of Georgia ** .................
Charleston & WVetern arolina .........
Cincinnati, New Orleans and Texas Pac..


52,461,217 l09.093.415


350.075
132, 655
j7,1
. TO


1,220,238
225j901
5.812.732
3.791,345
671,030
3,366.079


8,617,542


587,.068
152.764
147.925


* report of receiver or receivers.
Report of trustee or trustee.
Deficit or other reverse item.
jIncludes Boton & bltaw lessor to New York Central R.R.
formerly included in report of Minneapolis, St. Paul & Sault Ste. Marie.


61,376,566


1,582.327
249,015
7,227.020

2.089,515


10.5143.1001 132.289,M25 1,433905


1,024.793


2,787,000
316,671
124, 213,
607.90
130,000
4,661,000


84,.725


72.000
1, 437,502


12,573.300


1.008,932
61,590
2,269,342
72,000
1,86.002


Southern Region Continued
C0linol&A ..........................
Columbus and Greenville ..............
F1orida Mst Coast 00 ................
Georgia B.R. Lessee Organisation ...
Georgia A Florida .................
Georgia Southern and florida .........
Gulf, Mobile and Ohio ...............
Illinois Central .....................
Louisville and Nashville ............
Missiseippi Contral ..................
Nashville, Chattanaou A St. Louis ...
Now Orleans and Northeastern.......
lorfolk Southern ...................
Seaboard Air Line ...................
Southern ............................
Toenneeee Central ....................
Wesetrn Pr. of Alabama ...............

Western Distriot Total .............


Northwestern Region Total .........
Chicago and North Western ..........
Chicago Great Western .............
Chicago, Milwaukee, St. Paul & Pacific
Chicago, St. Paul, Minn. A Omaha .....
Duluth, Miseabe and Iran ange .......
Duluth, South Shorn a Atlantic ee -
Duluth. Winnipeg and Po&tfic .........
Great Northern ......................
Green Bay an Western ................
Lake Superior and Isahpesig ...........
Minaeapolise St. Louis ..............
Minneapolis, St. Paul A 8. 8. Marle ..
Northern Paifie ......................
pokane International ................
Spokane, Portland and Seattle ........
Visconsin Central / ................


Central Wetern Re.ion Total .......
Alton ** ............ ............
Atchison, Topek and SantaFe .....
Chicago, urlington & q&iincy .........
Chicago. Bock Island and Paocfib ** ..
Colorado and Southern ...............
Colorado A Wyoming ...................
Denver and Rio Grande VWestern .....
Denver and Salt Lake ...............
Fort Worth and Denver City ...........
Northwestern Pacific .................
Southern Pacific ......................
Southern Pacific Transp. System / ...
Toledo, Peoria Vwestern / ..........
Union Pacifio .......................
Utah................................
Western Pacific .....................


Southwestern Region Total ..........
Beaumont. Sour Lake A Western ee .....
Burlington-Rook Island ...............
anternational-Great Northern** C......
ensas City Southern .................
Sanae", Oklahoma & tulf ..............
Louisiana Arkansas ..................
Midland Valley ......................
Miesouri and Arkansas ................
Miseouri-]ansas-Texas ................
Missouri Pacific ** .................
ev Orleans., Texas nMexico ** .......
Oklahoma ity-Aad-Atoka ..............
St. Louie, Brownsville and Mexico Ce
St. Louil-San Francisco C ...........
St. Louise, San Franoisoo and Texas ...
St. Louis Southwestern ** ..............
San Antonio Uvalde & Gulf ** .........
Texas e levw Orleens ................
Texas and Pacific .................
Texas Mexican ......................


200,553.531


4o.431,166


5.703,105






55.919
107.790

7.99
107.:499
754,45 2
1.855 409


108.636.341


20,497,279
12,157,763
188,391
189.,826
2,490.941
1487.340
559.970
d 772.281
17.722.026
28,099.488
19,419,052
61.325
3.258.489


51.486.024
1,200,2142
126.923
256,105
3.904.291
502.668

1, 69,
Im ok9


1945


$19.700



708.852
6,165,900

255.982



35.000
90.000


331.175,240


105,998,303


17.151.349
1,991.487
21.503,234
2,923,402
9.253.192
49,529
7,738
25,080,108
64,4 6
60s,57
1,282.,69
1,720.068
18,599,7247
196.638
3.525.975
1.646,.384


98.311.3301 203.805.182


12,798,605


1.751.478






68,520
5.520

117,011

3.-15.827
22,106
S 1.699.6f
399.72b


_ _ _| 1


1i40,769,365


3.083.138
28,622.136
24,140,209
20,677,113
1,810.778
177,111
S2.16524I
6D6,114

26,780,275
37,874.553
29,786.316
121,587
4.9847,841


84.407.572


2,571,1
24:605:246
7 50.z&0'
2.021.24q
25:Zl 0


69,944,618


17,666,970
2.781,789

4 1. 708, 5
L 97



16,697,901
18.752.495
2.I605N,2


15,568,107


12,553.884
631.658
1.43.132
1,21 90
8.628.,

20.10b. 58
44.217
609.631
1,277.330
898.,475
11,740,018
110,57
934.298
1 1_1Q.1386


89,616,701


1,605,967
23,152,811
19.627,619
10,568,543
1,467,653
121,133
4 6.621.171

832.308
d 533,8.7

25.723.747
31.316,921
59,0o46
3,922,105


680,.459
i 3s.63
3.112.792

1,343,111
50,437
d 30A. owu


la W 1IMla .-.-rif .I. .-.M.. 1


3, ,960
12, 9.606
3,21.525
35,576
1.177.174
2.514.387
130.353


10.377.462
5.751.027
223,748


5524,o075
23,764,070
2,250.860
119.138
1,670,871
286.128
8,432.985
fl176.110


11.09, 277
7,741.109
283.525


1,458,774
1,286.303
e.190
627.593


4 632. o5


3,313. 30
10,975,455
243,964
85, 525
1,115,595
4.167,507
202,856
544 (tiNJ


7.308s965 7.s87,998
S51,0 5248,860
5 li0 167,446


25,2455.023 I12403.8249.793 1 73.16s. 194 193.2%8.227


d 442,.000


3.314,923
w

89.958
-122865

205,000
S 16.179


27.074,950


159,967
21,785,501
10,151,982
2.133,188
26,559


12,033
d 17,24f.511

8,519.366
10,000
1,545,072


45,407,107 24.355,311 8.557,169


10.190,000
1,491,900
7,443,000
666,000
5,582.134

11,716.825
178,455
406,420
790.476
984,000
h,161,692
213.428
571.603
990,974


1.143,159
228.819
5,60s,700
10.281,250

4,638,8156
125,000
160,650
300,000
1.797.760

71,160


2.2s6.318
2,W ,
686.455




4,616,936
125,000
21,300
50.000

71.160


224s.625.992 47.231.987j243.320.189


2.056.459
46,229,000
42,727,600
23.550,000
735.759
80.900
8,463.875
1,046,866
41,107,1740
56.889.934
73.761.7140
38.500
8.828,153


14,026,090
5,125.161





11.318,289
11.318,289

13.9s4.ai9
2,777.628


14,026,090
4,270.968





8,488,717
8,488.717

13,984.819
2.549,595


2.749,413 109.816.694 1,580.,893 1.20.869


860,228

1,280.000
214,029
558.000
4.914
1.021,000
M
4 M99.979

706.232

W
1,1-10.211

1.17,000
72,000


1,777,000
1.375,000
3.75000.ooo
577.1124
3.500,600
26,026

10.139,0
31.150.000
1,219,00
86.26
5.043.000
9.620,680
471.013
13,269,08os3
15, 782,794
13.393.074
88,790


-I ______ 1 .1 _____ .L.........~.-...--.-I. _____ A -. I _____ J______ J _____ !. _____ I. _____ I _____ 1.


Sc/ Alc eS Alonson, Topeka & Santa e By., Gulf., Colorado & Santa Ie ly.. and Panhandle I Santa re fl.y
I. Data not included in totals. Includes Southern Pacific Company., Texas and ew Orleans R.. Co., and leased lines.
Federal Manager's operations terminated 12M01 a.n., October 1, 1945. Road not In operation.


630.000
208,318
150,000










592.575


315,000
2082924
225.0QP




80,000





592,575


U. S. GOVERNMENT PRINTING OFFICE : 1946-0-702097


1. 107
414ol-364
4
2. 3791.764
1__U

a a 3
1,044,227
d M.446
119.534 d


- - -- i -- .- l -- .- -i i I. I


, a ,


Ili


Els


01


lC


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


I


I


I I


I


I


I I


I I


,
-
,


-r-


-r


-r


I I


a


, I


-L


-L


I -- -1 -I


i I


31d


Ma


.1i


-r-


-r


-r


-t


11, "Clalmil


A-


*11 .. AM,"


IN


Rh


M6


,lk-


45.736,256





'Te /S ne .3.4 .: /O/r.4


UNIVERSITY OF FLORIDA

II II lllllINTERSTATE COMMERCE b' 'CO MISSION
3 1262 08851 2016 u BUPAU OF TiRANSPT momNOICS AN STrATISICS

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


UNIV. OF FL LIS.
DC E



U.S. DEPO96TORY


Compiled from 129 reports (Form IBS) repieentitg 133 steam railways*
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)
All Class I RaClass I Railways Not in
All Class I Ralays .Receivership or Trusteeship#
Income teamss For the month of October For the ten months of For the month of October For the ten months of
1946 1945 1946 1945 1946 1945 1946 1945
1. Net railway operating income $85,118,40 $52 41%4.31 006 80,561,18 76,218.355 43,0,41 1402.574,273 $720,556,22
2. Ot' er income 16,059,699 1,611 U p20 14 7 a42m,800 152,3o6,432 13 057.550O l3 69,027 131,962, 52 140,158,114
3. T'ital income 101.178,639 67,028,754 5 ,11,816 982,867,4o 89,275,905 56640,438 536,536,775 360,711,33
4. Miscellaneous deductions rromoincome 2,144,289 1,274,926 2,4353 4,6 25,327, 2,501,745 2,434,013 23,413,82 21,965,l12
5. -, Income available for fixed charges 98.7Op5+ 65,753.a82 573,801,320 957,539,734 86,774,160 54,206,425 513.122,9. 8 3.7149,231
6. Fixed charges:

6-03. Other deductions .-..-..-.. ............-. ... 123,322 114,832 1,221,997 11,2144 ,1,08,238 100,1 1 2,' 4 3
6-04. Total fixed charges 7....... ... ... 1 99 44,115,317 9 ,0 08 12,, ,, 8 83 ,19 3 14,7 14 1 312,o1:
7. Inc ome after fixed charges 21,6----8----0-- 12.. -.16-5--.. 1 4 .. .. 0. 056 ,2 8
8. Contingent 'charges 3-3 -,-603 2,14 ,--- 2- -,8.6.,811 .31,871268 32485,601 l 3,14fs539 29,861,11 1
57,2 19.. .,39 ,' 9020.17,154 7317 o0 7,7 7 o
9. Net income/ -- -- -. --- 19,22;- ---. 15,8------5 51449 013292488 5,;805;355 1400e5C 170,758, 775;52, 9
10. Depreciation (Way and structures and Equipment)- B2... l 420063 a2162612 284 3 27,7862 82 21498 5 7' 61 4o6,7,51
11. Amortization of defense projects--.....- 1,083,:044 1099, 8,068 ,82192 91 212 M O41W6 6 354,21,.19
12. Federal Income taxes 8.......... /8275,597 d---.__-.. 52,606,10 668,0O4601 8,773,039 ;6 51,2 8 57,12;. 556," 4I,9 3
13. Dividend appropriations: a rc
13d1.On coon stock ............. ..... 283 18898,771 122,921,938 122,.91,366 828, 0 ,71 122,92,938 122,911,366
13-02. On preferred stobk- ... ......-- -173,90 9,8,19 36,846,900 36,346,063 6,17,905 9,168,199 36,146,900 36,346,063
13202.: 6_o63_dn _o cu90 61 __ __ __9 _1_ _99_ _9
Ratio of income to fixed charges/ (Item 5+6-04). 2.59 12.49 1.-47 2.20o 2.83 1.56 1.64 2.37

Al Clas I Ba11wClass I Railways Not in
All Class I Ra.lwars Receivership or 7nvsteesnipr
A C s abieceivership or Trusteeshipr ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS/
Selected Asset and Liability Items Balance at end of October Balance at end of October
19146 1945 1946 .. 19145 ,
.Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
Equipment- ....... ........ ---. ... ... 2140 ,796,13 4 232,802,700 218,629,636 197,696,3134 ----reports A ount z1ports -
19. Investments in stocks, bonds, etc., other than thoseJ9,
of affiliated companies (Total, Account 707) 1 ..........0 1 51428,361 63,87,61 526,03,928 October 19 116 6
20. Other unadjusted debits ..-....-.-..-......-.-....-.............-.......-- ..-..- .. i 8 7,82,66 19,66,719 117,,26,81 October 1 0 0 ,0 9 0
10 months 19ue r724 228,13,4:01104,89,6
21 Cash 1015,927,3 1,220,089,623 890594,665 1054592,930 10 month 1945 105 508,179,915 20 17,790,627
22 Temporary cash investments 1l20,006,0N 1,733,563,192 95,392,. 1,395,354,794
23 Special deposits 195, 928.,142 205,231,617 162, 988,'416 178,1,057
24. Loans and bills receivable 1338, 8 51.5+70 26, I 74926,'7
22 Traffic and car-service balances-Dr 610 460, 141 3 10 '19 '2lo NET INCOME-ALL CLASS I RAILWAYS
SNet balance receivable from agents and conductors 12ll8?,, 111,07,-- 1 ,5-,-7 1-,56,4 72 MILLIONS MIL*LIONS
27 Miscellaneous accounts receivable R14,0, 56,11' ,22 256 .7,792 4 ,086708 OF DOLL*ARS O DOLLARS
28 Materials and supplies 650,62 03.60.20 5 .062 8--5---- --- 8-- 80
Eq. Interest and dividends receIvable 20,477, 3'99,956 .7 ,i08'28. -?'911-71
30. Accrued accounts receivable 167,096,192 ,1,aS 0- -O?' 2_ ?31,?',61S -------40
31 Other current assets 3 2. a9 .2... ____5 l1960_ 60
72 Total current assets (items 21 to 31 ,3.783.934.226 4. i.54.044 3.18,.930.3 o4,o047,535,816 40 --------- -- ___-- 40
40 Funded debt maturing eitrin 6 months/ 94.880.0312 68.410.51 714,921.345 163,0014,124 0
41. Loans and bills payable /. 10,.487 n 6 61 7 20- -- -
42 Traffic and car-service balances-Cr 107'7,539 M- 73 7 4 0 s12;:,810 :9? 20o 1
3 Audited accounts ano Sages payable 502,719,01 'I,.42 1 S I'01. 1 1 0
4 Mscellaneous accounts payable 1 ,5 2 0
5 Interest matured unpaid 615:; F'39 I 220 i"
1 Dividends matured unpaid 4 ,, 0 -20
7 Unasured interest t accrued 63,18:,42; 9 13, J 0
4 Unmatured dividends declared 876 17, -20
,49 Ao,,ed acoounts payable 18 i 6, 211'2 n 7,,92 1 9., 1 7,89' -47 -- -- -- 1 '11 _
9 axes amo1ued. 1,q0,,191,863,0 40
5. Other current liabilities ll .s8 l25.,76 l .00..87482 92,056,
52 Total current liabilities (items 41 to1511 1.844.827.96 2,700 .. 2 37 .1.603.441J397 2,284,349.103 -60--- 1 -60


5. Other unadjusted credit",s ,393.802.80 9 A 45,M,o


U1/Represents accruals, including the amount in default. .


2/For


all Class I Steam Railways the net income was as follows:
Period 1946 19145 Inorease
3 months ended October i149,720.167 81,061,08o4 168,6, B3
6 months ended Ootober 160,666,742 28,311,068
12 months ended October 110.8M.83a91 B .841 .13


The net income bhoun is after deduotion of the following amounts taken out of Opr It
revenues to create re r-es for land grant deductions in dispute: October 1946I ,Jr 1W ;
October 190, a096,458| 10 o fath 9 a 946, 13,290,008; 10 months of 1945, 5 ,
S.1 loa railways in receivership and trusteellip the ratio was as follows oto
194, 1.60; Ootober 1945, 1.23; 10 months of 194, 0.78; 10 months of 1945, 1.46.


/ Includes payments of principal of long-term debt (other than long-term debt
in *4e.uLt) which willbecome due within six months after close of month of report.
In Xe les obligations which asture not more than one year after date of eiaue.
SExluosude reports of 4 road for the month of October 1946 and 1945, 5 roads
fo0 the 10 months of 1946, and 4 r oad for the 10 months of 1945, where net income
(or deficit) was absorbed by the onotrolling company.
* Ezoludes Tolaed, Peoria and Weotern Railroad. Road not in operation
# FIgures include returns of the Chicago, Milwaukee, St. Paul and Paoiflo which
er.ged frio trusteeship on December 1, 1945, Chicago, Indianapolis and Louisville
0R. 0o. whioh emerged from trusteeship on _ay 1, 1946, and Seaboard Air Line which
em ed from receivership on August 1, 19146.
l/ Includes credits oovering refund of 1944 an 1945 taxel on account of oarrr-
ba at of the 1946 unused excess profits credit and net operating lose, a0 follows;
October 1946, 13,067,832; 10 months ended with October 1946, 684,902,6146.
W Decrease or defioit.


Subject to revision


Jan27'47


S'1


Statement No. M-12S
OCTOBER 1946


*


I








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 1946 AND 1945


NET RAILWAY orPItsa IO =fnRAm IOOK Ii DIIrDD I RAILWAYi ai. P 211GNm NCOME iJ ICGOIGS DIVIDEND
IC o NiCxM ItA APP0 OPERATIONS IGOS .wa lXE S APPROPRIATIoII
Region and railway _________ Region and raillway

1946 1945 1946 19145 1946 1945 1946 1945 1946 1945 1946 1945 1946 1945 1946 1945

United States Ttal ................. $450.730.006 $830,561,.041 ,.844.501 $490.39.2. $52.606.400 $668.046.301 $159.768.83 $159.257.429 Southern egon Continued
Bastern Distriot total .............. 90.920838 30239.78 41.529.o42 163.253,405 4 16.516.555 90.581,797 33.897.176 31.13.,161 lnhfield .......................... $3.681.678 $4,30.21 $550.991 $477.225 -
Columbus Greenvill ............. 23.571 48,569 $47, $69.24 31.276 72.799 $9,850 $19.700
Now Ranlandi Reon total ............ 2,897.334 25.813.115 d 9,082.609 12,412,887 4 1.995.099 12190,935 216,923 30,4761 Florida est Coast ** ................ 2.107.751 4.091.030 1.390 644,483 198,53 2.723.492 -
Georgia R.L Lesses Organiation ... 41,515 1,727,696 -
Bangor and roostook .................. k450o,2 1.007332 22,723 591,841 35.55 1.208,431 143,550 239.250 Georsgia riorlda* .................. 402 61.46 782 6 67 6 -
Boston and MNain....................... 83.040 6.647.5 1 65.45 3.185,668 182562 2.617.746 Georgia outhrn and florda ......... 17l 3 660.599 j 40 415 919,000
Canadian National Lines in sw anglan. d 02 00 a 0 5 1182 30 870.666 oif, Mobile and Ohio ................ 1,250.353 3,021.463 276,563 1,862.542 201,000 3.347,000 1.417,704
Canadian Pacifi c Lines in Maine .......1050.91 Ililis Central ..................... 13.122.209 23.352.157 4.882.419 14,298,248 4.118,131 26,525,400 -
0anadian Pacific Lines in Trmont ..... 1.- Loiavu le and ashille ............. 12.988.200 20.126,523 9.678,145 16.720,984 5.213.233 28,450,000 8a236,Soo800 8a .100
Central TVeront ....................... .58 1 :.1, a 1961.299 1 .231 4.208 Mississippi Central .................. 22.776 215,3 62.4 131.56 91.42 -
Maine Central......................... 1,196, 1,471.913 326.31 532.9 96.289 44 73,373 65511 ashville, oattnoosa aSt. Louis. ... 54,906 2. 1.835.41 11298 2.894.5255.982 511.964
STook Connot ................... 851,930 1, ,3.9 240.157 961.069 3.327 e Orlmand Northeastern ........ 573.750 996440 79 4 250,205 2.137000 -
Now York. so n w Bav and Brtford ** ... 625,475 15.61 .900 45 .31 9. 40.142 -7, ,000-- Norolk Southern .....................13.512 46.460 d 102 5 74,561 -
utlandt 0 ............................. 2 9.as8 63.141 .W 422.63 Sesoard Air Line .................... 7.903.590 15.9.7 1.344427 8,47 9715,000
2 ------S- --louthen ............................. 114.645837 24, 76 : ,15.501743 3,861,582 38.186,000 750,000 750,000
Great Lakes region Total............ 146,578,297 104,796.956 5.69.822 48.328.102 16.537.464 10,930,364 -8.13o0,088 10.916,142 Tennesese Central ................... 1 12255 67.123 1,119 37. 421 17,500 35,000
W western y. of ._Alabama 2., 298,999 236.958 2.644 9 2525,457 150,000 180,000
an rbor ............................ 120.059 567.861 4 60 7.i454 6. 245.277 -------
Oabria end Indian ... ............. .305 488,978 57,3 471,197 730,271 180,000 180.oo000o
Delaware and udason.................... 3.414,296 2.271,330 1,771,50 ,287 3.6514 Western Ditriot otal ............. 243.025.886 366.398199 130293.644 224.47,873 28.321.526 412.671,08 77.860,565 68.84,.016
Delawar. Lackavanna and Western ...... ,6,819 3.979.89 7.9 7 20 93.51 -
Detroit and Mackinac .................... 172308 35.911 I. Northwestern region otal.......... 58.442.346 119.675,622 27.193.457 78,257.336 3.194.819 38,694,336 29,04768524.099.958
Detroit and Toledo Shore Line* .......... 376.262 44,34 30234 199,208 275,140 200 200,000
Irie............................... 3.569,922 12.810.348 2 6,080,357 22 612 46 3,24828 4.472.812 9 Ohiaso and North Western ............ 7.887.870 17.993.654 3.961,977 13.519.057 8,.343.913 1,1143.159 7,.021.54
Grand trunk Westrn ................... 2262.7 4,124.3 581.56 Chicago Great Western ................ 206.965 2.162.16 62. 1 900 228819 686455
Louhimh ad Badson River ................ .... 224.,815 V.W* 2&43.222 229,121 141,210 94.140 OChicago Milwaukee. St. Paul & Pacific 9.627,947 23.749,869 7 12772. 4 4.. 55.5 000 5,608,700 -
Lehi h an Nw n t and................ 989, 757,069 883.98 552.258 4024 319.269 748,000 Chicago, St. Paul, Minn. & Omaha ..... d 18 3.192.44 1.294 00
l*hih Telley ....................... 4,162,337 361.538 1100 6 1 1 122000 luth, Misa.be and Iron Range ....... 11,032,66 7 99 10.33.302 6,700,475 10281,250 6,168750
Monogahela ............................ 866.537 78.241, 38: :2355 315.917 Duluth, month Shore and Atlanti ** .. 22.036 4651437 776.90 -
Montour ............................... 408,705 557,713 40 55 2 251424 399170 510,000 Duluth, Winnipe and Pacifico ......... 9014 -
ork Central a .............. 1:4,927,136 46.,40.907 6 24,57733 1 11,191,283 3,223,697 -reat northh ....................... .29.112.652 14.. 8221.050 9.277.637 9.255.749
elw York, Ohicao and at. Louis ....... 7,038,14 11,54,814 7,595,066 739 6.9.000 360,564 oreen ay ad tern ................ 98,174 75.632 108,830 5086 8590 195011 125,000 125,000
Nev York. Ontario mnd Veetern ...... 1,3. 1 4 6d 86 U 4 l.9 SI,?* -- i LakeSuperior aI Ihpeinga .......... 278,6 731,)41 288,712 745716 89 460.924 214.200 321,300
w York, uquehanna ad Western .. 775 5 8049,629 Minneapoli st. Louis ................ 13 981.607 21.63 4 95 A 300,.000 450,000
re* Marquette ........... ............ 155823 3.303023 1, 2, 420,000 420,000 Mineapolis, St. S i 6 Marie .. .571.152 1 4 107.000 1797,760
Pittsburh and Lake ri .............. 2,662.819 375168 2.428980 3.255.666 1.727.300 1,727.300 northern Pacifico .................... 10406,40 22621,41 5,083,203 14. 898,000 3753,892
ittnburg Sham t .................... 170,167 177,498 1 .0 Soka Intenaoal ................... 146,.27 213,787 50,176 11 ,591 1.1 163,42 71,160 71.160
Pattebrgh AVest Tirginia .. .... 400,110 1 31 2,500 582, apoke, Prtland an little ........ 1.00,-59 2,808.73P5 4 1.673.25 and Seattle ...... 142.521 -
Pittsburg, Shawnut and Northern ** .... 6 1. 6 d 11142)6243AS2 d 221.69 Wisconein Central k0 0............... 2,266,-36 1.946942 614 6 990,974 -
Wabash .............................3.... 9 -a6 919.44 11,953.121 598,186 598.186
Central eastern Region Total ....... 124.597.302 156,028,14t 81,286,009 98.167,741 28.813.045 262,336,210 47,231,987 43.320.189
Central asatern Reion total ........ 41,445,207 172,129.717 26.752.611 102.512,416 2.016,008 67.460,498 25,550165 19,962,258 Alton ............................. 1.875 3.a254035 4 79.4 1.608.753 177,021 .075,421 -
Atchison, Topekas an Santa ,e a/ ..... 38.33.34 32112,474 3325965.813 24,017,642 .162,80 14.026090 14,026090
Akron, Canton Toustow ............ 317.675 360,078 123,494 199.147 56,980 190.065 78385 330,570 hicago. Burlinton A & lnoy ......... 23,331.205 26082,796 20,287.4.074.183 11.693.782 6,455.00 5.125161 4,270,968
altimore and Ohio .................... 4,197,693 35,40296 16,n 653236 74471 17,364,230 Chicago, Book Islan and Pacifio .. 13,689,420 23,011,922 3.232,116 11n,18,628 2,208,188 25,050,000 -
Bessumer and Lake Iri ................ 3.703.661 3.159.669 8 1976,394 1,634,218 1,369,180 olorado and Southern ................. s.477 2.045.63 16270 1,661605 61,59 842,152 -
omntral 1.1. of New Jersey ....... d 2.003.88 4.821,6 1,308.811 8770 817,511 Colorado 4 Wyroming.............. .... 211,541 193.660 14999 131593 6100 87,800-
Central 1.1. of Pennsylvania .......... 1 5.2.67. 262,8 b23 bb 194.46o 2,400 138,.418 Denver sa d eo Granda Western ..... .91.3260 1 1 152.4 1 1,157 d 6f 9.165.175 -
Chicagoe astern Illinois............ 1 0 2.301.327 1. 6 93 939,99 1.027,650 353.863 383863 Denver and Salt ke.................... 618.437 0.7 185672 373068 -
hicago Illinois Midan............ 777,099 37,1 p7 27,857 687,000 ort north ad Denver Cit............... 731021 1.950135 9451 12.033 1.172,06 -
Ohicag. Indianapolis and Louisville .. 6 42 1.587.253 01 457,506 225,869 orthwestern Pacilfic ................. 749 516.610 09452 2- -
Detroit, oledo an Ironton ........... 1.278,865 857.711 259807 559929 122666 490664 southern Pacific..................... 2 30234.083 4. 5.93 9.11458 11318,289 8.488.71
2la. Joliet and tastern ............. 893.9 2 03 769.0 1,5833,092 56,99 1.48,980 Soutran Pacific transp. sryste*/* 32.657,04 42,671,933 19488 51 29,E 55354.718 11.318,289 8.488,717
Illinois terminal ..................... 757,232 1, 19,241 302.673 66,59 313.500 1,578,900 375,000 foltdo, Peoria & Western / ..........-- -
lo Island ........................... 960.493 3 2094 577.9 1.909.358 295.431 Union Pacifo ........................ 22,182,058 31,204.699 22,062,762 31,996,598 10,119,366 73.933.480 13.984,819 13,984,819
Missi-Ilinois.......................... 5200493 3 03 4 355.080 345.000 682.,000 Utah. .................................. 71,870 151463 8,926 82,33 10,000 54,000
PuenrAlvania.......................... 18,271.033 9911742 a 16 261 63,101,491 A .59.167 28,527,721 19.751.631 13.167,754 western Palftle ...................... 3.872.885 5,602.826 3.162,598 4,569,969 1.945,072 10,221.153 2,777,62 2s,549.595
Pennsylvsni-Reading Beashore Lines ... 1 I &d 9 95; 07 240,69 -- -
A ............................... 5 8 11.3335 7.023.153 2.203,099 6,481.466 3.427,603 3.428.390 Southwester ton e t .......... 59986,238 90,694.093 21,14.178 47.622,796 2.703,300 111.640.562 1.580.893 1,420.869
Staten elsd Rapid transit ................ 0 719,676 3 28,808 18.453
stern Maryland...................... .i 3 5.. 72 1. 2.922.872 1.758.000 2.909.000 Beaumot. Sour lake western ** ..... 1.32 06 779588 1,22,002 723746 785.228 1,88,000 -
Wheeling and make rie ................ 2,906.320 2,400,868 2,879.084 2,234,089 1,829,000 2,758.000 1,786,017 1,786,017 Baurlington.ock Island ............... 36,43 430,503 6 6.842 9-
-- InternIational-0reat Northern 0........ 273, 2 2,46, "790.57 1,59o000 -
outhern District total .............. 116.783.2 2 161.423.061 65.079.899 103.088.010 40.801.429 164.7933.396 48011.097 59.233,252 anssU 01ity Southern ................. 4,390,290 5,371?. 3,957.793 1,I455.000 ,320.000 630,000 315,000
a, anss Oklahoma Gulf .............. 562611 775.41 46,18 606,866 236.253 606335 208os,3.291s
Pooasontas Region Tota ............. 54.669.726 42,435.403 50.3931497 36.785.301 28.976,927 25.635.061 32.890,070o 41.900.678 lot8 otsanA Arkansas ................. 1.736.747 2,14. .S. 1,418651 677.000 3.7.21 150,000 225.000
Mi sso.i a n d .. . . . . .... 1 6 dsX9~ .25 1 L g4 ,,
Ob.sapeakaa Ohio .................... 28.651.9 4.l7.04 24,462,620 9.28.994 12.TI.001 d 8.062.84 17,229,046 26,239.870 Missouri and Ark$as ................ 146 d1 d 144 241 4
orfolk and Western ................... 19, 47 o 20o,1,000 20,563,28 2042727 5.000 11208,329 11,2011 Missour-ansa as ................ 7 77 .5 3 2 1.0.600
Richmondt. rederioksburg and Potoma .. 2.36,067 1. 660 2.8.9 185,239 1,867091 5,2.72 1430,032 430.032 Misouri Pacific e .................. 15.,5.771 261711 ,80, 11,727853 33.050.000 -
r in ............................. 017.970 6, 729 2.718,748 4.909,341 1.623,835 1.348.143 .022,663 4.022.663 ranks, exs Mexico .. 3.25026 2368417 2896 8 13551499 1.2 000 -
...Oklahoma Olity-Ada-Atoka ...........4......44,464 133.181 71422*96.1457730.677968 80.000
Southern Region total ............... 62,3s56 18.987.658 4.6861.40 66,302.709 11,824.,502 139,158.335 15,121,027 17.332,574 t. luts, Brownsville and Mexico 1,274,378 1.860,744 669,146 1.230.174 631,232 3,213,000 -
-s,. Louis-San Francisco **............ .4,019, 7 12.915.918 521.192 3.534432 ,.3o -
Alabama Great southern ................ 416.892 1.381.465 633.446 1,724,779 157.156 3.127.000 784 725 1.008.932 st. Louis,. sin Francisco d exas ... 92.421 294.558 4.366 2014.82 21462.319 -
Atlanta and West Point................ 141.797 251.60 163.259 27 6 241 351.64 544 123,180 t. ouis outhwestern .......... 565765 7800,11 3,46085 5 .334 1747098 13.951168
Atlantic Coast ine ................... 1.016.789 6,311.37, 1. 9 ,09.1 8218 50. 13.987,696 3,297.901 3.092o769 an Antonio Uvalde A Glf .9........5. d .
Central t Georgta ................. 8 7 4.273.083 3 05 429.148 .74 622673 ,740 1 6, Or23ns ................ 14. 4.7I4,4 16,28,260
Charleeton a Western Oarolina ......... 91.13 295.852 69208 130,000 72,000 72,000 eas and Paci ....................6.....0 ,666. 36 6 65 .879, 1, 0,118.074 592575 592.575
Ccinnati, NIe Orlians and xas Pao.. 3.131.062 3,603.779 1. 2.198,928 1.39 .793 5,036.000 1.447,725 1.896,225 teas Mexican ........................ 229,069 325.116 13526 197.10 80.000 98.,790 -


6 Report of receiver or receivers.
01 Report of trustee or trustees.
I Deficit or other reverse item.
I/ ludes Boston & Albany, lessor to lew Tork 0ontral R.B.
Sformerly inclaoded in report of Minneapolis, St. Paul Sault Ste. Marie.


E/ Includes Atohison, Topoka BSanta Iy.. Glf, 0olorado Santa fe y., and Panhandle & anta fe y.
/ats not included in totals. Includes Southern Pacifico ompa r, texas and S we Orleans R.. Co., 4nd leased lines.
Federal Mansger' operations terminated 12:01 a.a., october 1, 1945. Roan not in operatlon.


U. S. GOVERNMENT PRINTING OFFICE : 1947--0-702097




..rlr 3, /1


Subject to mislon


UNIVERSITY OF FLORIDA

IIIII11IIIfI 1IIIIIIII 1IiIIJiIIhI 'INTERSTATE COMME RCE COMMISSION
3 1262 08851 2024 a uRAU OF *TAnSuOT mBOOcMIS AND SATATICS


Feb 13'47


Statement No. M-125
NOVEMBER 1946


UNIV.Of FL LIB.
c S


.3 ECU O


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

'Compied from 129 reports (Form IS) representing 133 steam railways*
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)
..a, Class I Railways Not in
All Class I Railways Receivership or Trusteeship #
Income Items For the moh of Novaber for the eleven months of For the month of November For the eleven months of
~~~~_____~~~__________291946 1945 3911 1945 1946 1945 1946 1945
1. Net railway operating income6----------------,---------------------- 0 0 91,275.35 57,925,459' 5$6254,123 414631$11404 6 37764 180,33
2. Other income... -. -.. ------- -.... -... .. l.. 1, -1 2,228,565 16,'59,'9O 18,81,:658 :,l145,,87 58
3. Total income ......-... ai,789, 1 8 0387 B 7 0 .4 ,224 1.063,503,900 74,285,359 72,464,781 6 ,529;383 933.,79,
5. Income available for fixed charges -- -.-. ... 79,Q7209 ,i6 6 9 i ,5,9,62 72,111,24b 69,62, 906,1,8
6. Fixed charges:
6-01. Rent for leased roads and equipment. 10, 8,831,908 109,2w6,.417 129,879,222 9,899,81l8 8,219,84 10 31,912 121,740,980
6-02. Interest deductions /-----. 2.8,6 30,851,56 3180, 445-..8 545.9062,919 20,996,81 23,491,367 2 9 51 261,468427
6-03. Other deductions---..l-fixe cres--------3...115,7-- 528 1,2 3,782 10,1-1 101,5 1,172,069 1,07-,768
6-04. Total fixed charges--i- 5 391 428 7 1,923 31,001,462 31,812,529 343,503,832 39@3175
7. Income after fixed charges.... -..............-- .... 407,700,78 226,6,260 59,63,700 41, ,778 7,870,68 7,7,613 5221-,-55
8., Contingent charges 246 6 2,82,163 2,8,467 3,62,071 2,812,66 2,82,163 32,708,67 ,92,071
9. Net income 2/. 38 066 044 34,877621 19),617,793 525,271,629 38,263,122 35,06,.905 210,729,16 87,56,58
10. Depreciation (Way and structures and Equipment). 28,6788 28, 68,63 12,94,186 05,824,686 25,515,94 24.,936,292 278,269,557 271,507,1.
11. Amortlzatlon of defense projects...-........- -.. 2 1,255,91 29,8,015 9, 319 ,18 4,O06,842 1,072,12. 31, ,;92,790, 406
12. Federal Income taxes ............ / 1,7959 a 1.80. ,92,361 666,2,297 1,708,706 d 5,646,012 52,797,869 550,808,935
13. Dividend appropriations:
13-01. On common stock- .. .......--- .--- ........ 0,981,567 51,053,777 153,903,505 173,965,13 30,981,6 51,053,777 153,903,505 173,965,143
13-02. On preferred stok-. .....-..... -- 9,274950 679,951 46,121,850 42,825,994 9,2718,950 6,49,931 ,121,850 42,825,99
Ratio of income to fixed charges./ (Item 5+6-04) .. 2.06 1.95 1.53 2.18 2.33 2.19 1.71 2.36

All Clams I Railw-a sCiasI Rai'lays Not in
All Class I Railways eceivOrship or Trusteeship#
Sele e t decevLrapor Truibteeitipes ANALYSIS OF NET INCOME-ALL CLASS I RAILWAYS g/
Selected Asset and Liability Items Balanoe at eand of Novembear balance at end of November
1946 1945 1946 1945
Railways Reporting a Railways Reporting a
17. Expenditures (gross) for additions and betterments- Period Net Income Net Deficit
Road......... ........... ...... ....... 206,332,891 $215,605,98 0174,986,241 $179,416,277 Number of ou Numberof mount
18. Expenditures (gross) for additions and betterments- I---------ureports n reports
Equipment ---.-..................... .................-- -- .-........ .---. .... . . ?0,-268,277,520 262,6222 1,3217 '24 3.579,169 223,287,3212reportsr
19. Investments in stocks, bonds, etc., other than those
20. Other unadjusted debitsce balan-es-- r. .. .7 ......4.............. 3 .. N3 NET INCOME2-ALL CLASS I RAILWAYS6,88,6
II months 194 76 296,878,650 9 103,260,857


28. Special depositupplies.......................... ............170,11,8037 5756.05,8 531,,0
24. Loans and'bills receivable ................................. 32,216 t ,23 56 08,518,139
26 Net balance receivable from agents and conductors. 12IN 1 L,8 1 2 I,079,O7 59 96,8154,0;9 MILLIONS MILLIONS

29. Interest and dividends receivable ..: 9........ .......... 8,395.430 1,301,895 214,80,95 ,35,78o3,70
30. Accrued accounts receivable 153,792,795 262 "a1 225,525Z : 96
31. Other current assets ... 30,9 13.15 53.215395- 2.929,60e 50.51,036 60 ,
_2. Total current assets (items 21 to 31) -...... 3,758,222,53 4,841,69091 31 84.,1o03,80 4,1Q7,382,581 40 40
110. Funded debt maturing within 6 months/ 91,385.321 217.366.032 76,523,.72 212,398,090
41. Loans and bills payable/. 9,1.85,000 11,207,419 5,700,000 ,250,000 20 -------------------- - 20
42. Traffic and car-service balances--Cr. 109,429,848 16, 69 921,73,302 14 4,038,01
4 Audited accounts and wages payable 4 S 88 6 -8 *16 -6 ,900,701 *- 0
4. Miscellaneous accounts payable .7 6 18 14O 1o' 004 1 1 ,15
4. Interest matured unpaid 47J84 1 56991 S'C 1
1:. Dividends matured unpaided -20-------------------- -- 9,6596- -20
47. Unmatured interest accrued 68,985,138 637o6. 68,29,664 jOi061, -2 I 1l
:. Unmatured dividends declared 49,55" 74:1'19 013 7 i 918,
., Aocnret sacunt. payable 8 1 -40 --16-9----------------170- -40
Other current liabilities 73620 4.350 139.5' .94
g. Total current liabilities (items 41 to 51) 1,829.195.997 ,a46& 615.704,458 2,393,521,303 -60 ----------- -- -- -- -60
53 Analysis of tax es areued: ..- -so
53-01. U. S. Government taxes 410, 019,024 i, 581 1,2, 1,019,642,341 JAM jaSoNDFAMjjS oaDF mMJ JA oN
53-02. Other than U. S. Government taxes 126,:945 27, 9,9 112,807,326 1944 1945 1946
54. Other unadjusted credits....... ... -.. 391.955,W ,715 352,078,85


1/Represents accruals, including the amount in default.


/For


all Class I Steam Railways the net income was as follows: -
Period 1946 19"5 ,Wer6as
3 months ended Novembero O135,969,443) 63,162,959 67.05,48
6 months ended = owveber 6' .4 25 927
12 months ended lv-er 11 '.e 'OOf


.Th3 not income shown i after deduetioa of the tfolldwng amounts taken out of attn
revenues to to reserves for land grant deduetlons in disputes, NVemberL 194M, 2
november 1945, 35,471,076 11 months of 1946, 4.95,788 11 months of 1 16,986
/ For rimys in receiverabship and trumstee1ip the ratio wam as fo lemi ovember
1941, 0.97; November 1945, 0.98; 11 months of 1946, 0.80; 11 months or 1945, 1.48.


S 4/ 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.
5/ Inoludee obligations which mature not more than one year after date of issue.
Exclude reports of 4 road for the month of November 1946 and 1945, and 4
rlads for the 11 months of 1946 and 1945, where net income (or deficit) was absorbed
by the controlling company.
Excludes Toledo, Peoria and Western Railroad. Road not in operation.
# Figures include returns of the Chicago, Milwaukee, St. Paul and Paolfic which
emerged from trueteeship on December 1, 1945, Chioago, Indianapolie and Louisville
Y. 00. which emerged from trusteeship on May 1, 1946, and Seaboard Air Line which
88; emerged from receivership on August 1, 1946.
Includes credits covering refundA of 1944 and 1945 taxes on account of carry-
bo e of the 1946 unused excess profits credit and net operating lose, as follows;
November 1946, *14,914,039; 11 months ended with November 1946, *99,816,681.
d Decrease or deficit.







INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS

SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR TEN ELEVEN MOuTHS ENDED WITH BNOVEMER 1946 AND 1945


:.I D- 1xD13x4 15 0A IOOKm DIVIDEND

gi~on anA rai r _ooo aRegaion and railwq
1946 1945 1946 945 1946 1945 1946 1945 194 1945 1946 19 451946 1945 19)4 1945

united States total ................. 8 5.70o9.053 6891.e25.335 $193.617.793 $525.271.629 s5.192.361 $666.242.29? 20oo.025.355 S16.791.13 Southern region Centinuae
ustern Dtrict Total ............. 109.263.456 327.19.241 14.4336.24- 1 75.972.10o6 d a.621 5.729.387 39,28.740 66.91.316 lichfield.* ... $4.117.262 4*.59.131 *599,95 501.590 700
-_............_..........3 a e ill.. 10. 43-923 36.355 $65.52 31.276 72 79950.
Nw England Region Total ............ 356.6 2.301.252 5 13663.316 211 791 12.9.493 2 4.773 ho0.4161 ost a s t ** ... .......... 2.518 4 .33.115 w. 65.97 198.53 2.723. 9- -
U.356i,65 28.01one 22l. a 4 1.31. 66.17012 11d2. 21 1 2 9 .43 7 :0 0.7433.751 9. .
::_ 1.1.LssesOrgasation" .. 039law. 1 -
ston and Maine........................ 3.79533 6993 5 139.001 3.1 06 6 e- G ra n8 ......... 14 7 4 07,% ..000
, I s.. i. : :. : : ... : '. -........ O ad l..Oo..... ............. .15. 75 .960 2,713.2. 3 5 7..113 27.631. 0,



Ca nsadi an Na t o sna ....in o n....N. .2 g,:sl,31 004 a..3 7.0 9.. ~- sorth e.0 -4 ^ .... ....... 7, 7,1777.i0,650,, 9 o ,9 29,7s.x9 .2.,77.>61 8.24.5,
Canaian Pacific Lines in Maine.......U 20l0os C

a i Pacfic"Lne m:::::::::::::::o I fLouisville am* sil. ... .::::: .....5 1 0717 2, 1 07 .,93,35 1,2 o. 500 6.22.10
SCentral Vermont ...x ............ 1 ,M 1 671 91.4w 20,4 2 Mi sisippiCent ralt. ................... 193 211. 696 -
Maine oentria... .. .. .. .. ...... 1593.431 2 a 52 4 04 11301"3- .373 65.511 Nashville. Chatsnbegh St. Louis 563,75.3.007:53 .15713 1,9 ) 16 2.416,905 255.902 511.9641
Ne ..r0 ; l............... 9.........955,037 1.912.332 1 2 1 02219&6 j Oems m anNorthen ste n .......1... 71969 92 33 -2 .23
Patl m od1............................ 1.09 03' 2, e.bo ra Air i Line ................... .1.555.935 17,362.3$5 1 ,075,5 5 54171 9.51 .000-








Souther ..............1..,. ........ : :Ster16243.533421'6o.563.30 26 66,6..36 3 27.4,335.552 46.00 39.9 000 750.000 750.000|
reaut ak es R eine total ............3. 53.616.0413 114.159.1041 is 52,661.96o a1s. 215. 82 e559.716 11.0446.1419 19,620.s361Tennessee Central ................. 371. 1 5a5 2 17 21 0 1,0 20 35.0
SWe........... stern of Alabs ..... .......... 2 5.566 334.06 30. 6 2 1- .078 316.2 1 150.000 1 50.000
&mnaheate5 7 a o n.....................* ..11,2 6 2626,10 2519 4111459 o s.14,312.1160.00 1o.0 oorst Districtn A uot .23......... 275.66.600 356.631.206 15)4013.670 236 977 94] 24604.00 1 2,0
Delaw sr and ..A ............... 3.775.2 7 2.672 006 1.5.070 : 67. 32 96.000 958.*909- _200
Delaware,.Lackaw n au Wes t 4173,120 4.519,606 .7 5 I.7 d 1.513 3rtheten g n, 4-Total .......... 71.337.262 124.772.333 10.13 ,550 2 931.o67 A 2.9.40 29,72.691 32,1 77.161. 2.219.956
Detroit s Mak,. .in a o........ t-... ........ 1 I5,2410 62,50 o ..... 1.6,3 f ,

srnd r on k st.e .. .............. 72.67.39 127.906.5 60 .162 56,.245 12., l.2 ,7 16, 6 i.75 2 ,19 oG a ee St. ul P c 12,0 6 25,67,635 50 13, 2192.000 5.60 ,700 -
Lei. .5 3:A63ew1EngisnA,64:647 Dl th Miesab e nIron. b7a23e.........6,199,7 1.37.5 1 0 11. .7y 6767,6 1 5 6



Nw Yo4, ChicagM1o A st. Loi .........7,6662 1, 5, 260,795 360.,5 4 ke Suerior ad pa-. i & St .......... 3,0 Color 1o 19 Sa3t. .9, 1 6 9 anhale 4 2nt .3r.
Leh Yohk. S q umehna anm ve stern e. ...... ... 2..1 2i5O.nneapols. St. Paul 5. 5. Me .. 125 1 2,597,4107h3a2,657 1.920.622.1.637.000759.76,0
PLittgh anu N o whatl..................... .1., a92,17 90,1241 562 15 -- *Sjseka b, aortlend al m o Seatle ..........1,3oS.,75b 2,1.0,379 ,1 .295b.
eittsbugha l West Vyr.inia.................4:976:140.4 1,13.69..23,166045,1-. &93M ",I
PitteaDuru, Slhvt anA NortPhern Ce ..... .. 1d- 21. 2 49.2a..1Igo9.277637 9.55.74
Monongahela..........................?21.3a7 .. ,706. 6 194.075 2.09 ,14 3-
-r -9 Ch.i, .Ioego. bui9i nd ton hpeua.....3.....25.609.513 27,40.167 22,163,329 21.575.157 12.50,26, 415,376.o20 5,1250161 41,270O,96
bal.ti are n Ohod.W.............,....... .....,,4 40 A,5116,635,230,-MinCeaolorao It.Souther ........ 2014 2,320630.00030 116176 975,617 -
eeer am Lake ie ................ 77,17 .290,126 1,917.2_t 1,572.6__36 l oort nPacific ....................... 33155 21,963 1 414,623 9.100 96,
Pentral 31.3. of al i 0 1Dn.............a2-at.ak........'. 21...6.50.1 155. 1.050.155 12.033 1.312.7 -
1 1.30.2& 435t3...6.3........ .. 2,,U 767.7L-Pdort Worth and end Ser Ct ........... 304...77,047 2177
Phicaso u IglinoiMland sNorthern.... i dI d. .6 17.67 717. Cenortwestern R isoif oa................. 02975.?1 & 41411,26.2,651.3204. ,51 28. 2 .3 269"1. 052.2.4
Cabashi ..................Loui...ille......22 5,A 07do,,12,M .369 Southern Pacifie....'..................2791.o1.o e6322.2.
Detroit. toleo end Iroto ....... 1.4 2552. u. 300,596122666 951.326 Alo n a i a t7..w..rcfic._a...560
aste, Jos et e nd -Tstarn................1.62913 2.959 !0 .053d119 2. 2 166.,63 71$52979 1,)791 721,000 3,620.000 t0oledo, Peori7 & Western L- ......-.o.12 2.96

Miso i-Iino ......................... 673 6, 3.5 177,000' 727.00 --' -- e st ific.... ......... 4 25.5609.3 27
Akonalvemia-............................... 4,63,5531 1 051d711.40-592 4 141 6 2.71-930 51 32,_19,32
:::: 0- 6 39 1 11,7635,231 So,,hwe eron an vto ta l.............36 6ie12, 5011s4o ,3 62 oS2.6 '7s. 11o40112 1 5
'.0a 2a a12a1Ra1itransit5........olorado ..70......................
Wetr Mlal nd.oflerem........e.............59..0630 % .7 32M e% ,7000D.aver 1,2141,R47 ,161rne47 .... SuL a, oWestern .... 1 .531 1 4,162 756.7 7 6 2. 0
Control: .ofi totani17...........6..W .9 1 12.321,59 16.071.4126.635 63,1.509 veradC t So thL..e ................. ..77. 3 d,. 47,606, 5..3 7.20 5 ,570 53.1
_____-____________________________ ___ _-__ Gu~l f..................... 6 2,12. 6,31.79 ,1.0903 3 5.
rmRen t. 6t1. 93 3 3 420.07.. ....is. 7.643 29.35. 4 1.751 k. 3. 5,000
Chesage.&e and Oo. .......................... ,, 1,.7.05 25.903. 0, 1350.29 L .aan2 .1,39 7679.726"0 16id t W all,, ,. .................... ..130 3 251, 45. ,

NorfolkmA estern.........................2.. 710.e6?16 21.913.1416 21.78,14951 22.623.03)4 141,025,000 141,7214.36 1.472.,32 Misou eaNorthwes ter.n..................3.917096d .6't3 515 1. 6 s3 .-5o 9. 8-
Chicago&Ill.Okl.9a .it.t0................ 2,6 62.293 0.000
SoithernRe Iontot............... 72,43,39 1. 0.393,2 6,1,2. Lus w211.363.2

Alabasa Great southern ..................,1263,9 1.3.2j .o22 705.071 .10.46 20,7.16 3.332.000 1,1,00 2017,63 St. Louis,-San lieoro andAewas 4,531 3141216 e2 212127 sL 21t 45,469 -
Stlanta and West Point ...........L6,619 .. 3,7691 A 06t4 394,06 9,631 123,110 St. Louis Souhwestern5................6,137,157 7,153623 148 6,1 1 791 197,31 0 1 1.1,674,617-.-
Itll tio Coast er ina .................. .3.& 2 .4.6 3.77.1 o 1. 1 3.302.093 3,096.902 Sa n U ton c, if le ............... .....A.6 14 1101 -539[1324 066172 -136 13 19-16
Central of Georgia oe3................. .191.73 286. 0- ro ............... ..x.s an l .................. 5. 5 177 16,9,7 0-681 10,000 ,T .4m, O
arleston & Veetern aolia........A 6 301.03 *. 51,632 130,0 00 70 ter0Pacific.................... 6.5,01651.79 195 0 1 36 401 5 1 ,2 ,0 110.729150 7 2,30 -2.9
incns niati, Ne. Orleans and te. P.m. 3. 01 3,959.6711 29369.1 %9,,o30 1,629,793 5,236,000 2,35,47 3,21,9147 te s Meica. ........................3251.563 3


* BReport of recover or receivers.
e0 Report of trustee or trustees,
Deficit or other reverse item.
SInolude boston Albany, leosor to lw TYork Central R.3.
formerly included in report of Mianespolls., St. Paul & Sault Ste. "Na.


D at* ot Included n totals. IAlues- 8ott1trnPacif Pic Comp,, Tues and l w Orleans, .. Go., and losed lines.
PeAeral Manager's operations terminated 12:01 &.., October 1, 19)5. Road not tn operation.
U. S. GOVERNMENT PRINTING OFFICE : 1947-0-702097








S3uhj to reision


do.#


:6t


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

Compiled from 129 teorts (Form I represnting 133 steam railways *
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


All Class I Railways


Class I Railways Not in
Receivership or Trusteeship#


- -. I r


For the month of December


IF the iwelve months of


For the month of December


For the twelve months of


- .1. T


..946


1946


--- 1 .1. -- .1. .1. 4. I I 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 1/..-- .-..-...- ...- -.
6-03. Other deductions... -..- .....-.... .. ....
6-04. Total fixed charges... .-.- .
7. Income after fixed charges .-...-- ... ..--
8. Contingent charges .. ...-.... .... .... ........
9. Net income/ ..... -
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/ (Item 5+6-04)....


Selected Asset and Liability Items


Expenditures (gross) for additions and betterments-
Road...........-.......-- --- ... .-- ---- -- ---- ..--.--
Expenditures (gross) for additions and betterments-
Equipment ................. ...---- ......--.- ...................----.---------
Investments in stocks, bonds, etc.. other than those
of affiliated companies ITotal. 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 11


$103,86o,296
37,815,38S
14;67,5r84
7,558,720
134,116,964
14,958,015
25,502,795
252, ?
40,713,634
93,o3,330
,628,207
88,775,123
28,836,192
648, 05
./ d69.,492.422

22,028,959
12,527,412
3.29


10,046,935
d 21.147.746
10,207,051
36,424,2266
26o,957
46, ,27,4
d 68'.o4'020
-10 5 771
d 78.564.791
28,370,232
397,316,709
d 361,701.323

31,041,981
5,622,799


$ 59,
,229,280
,239,179


,5 l ,33
4 368 148
; 5:33




d ,04.6960

+ 9?2,457'
R,9,278
1.69


$849,229,190
203,174,897
1,052,403,087
38,511,214
1,01),891,873
140,086,274
380,87.187,
1 ,M739
11,923,673
5,162,120
44.,761,553
334,19i4,918i
828,373,550
.304:540o,973

205,007,123
48,448,793
1.94


$81,520,682
34 605,265
116,125,947
2,872,145
113,253,802
14,439,714
20,144,750
225,414
34,809,871
78,443924
4 628,207
73,815,717
25,760,237
479,208
d 54.338.090

22,028,959
12,527,412
3.25


I. 5 ~- -s


All Class I Railways


Balance at end of December


I I t


$231,009,912
318,888,544
579.98,.232
149.103,273


$ 240,139,406
309,759,783
5l 1,85, 958
1l3.55-.721


'1-


4 ass I Railways Not in
R iivership or Trusteeship#


aB ance at end of December


;195,697,791
2V,430,428
562,820,102
(2.926,259


- I I


968,653.,762
1,589,471,446
190.552.960
519,934
36,s37,o0
10688 9, 78
484,903,568
595.75e,961
27,S41
276,91 3,51
e.2 .0 0,.-4


5 9590,03?
R: 507,3919
1I4 7716 34


-vI I -


4. 38.845.095


2,90.,013,788


$205,213,981
268,595,272
554, W.799
a^.7s'i.58


1,153,241,495
172,3 2,2"


2216,9Ns87

242,432,849
66:294:147


3,653X.13.340


40 Punded debt maturing within 6 months 4/ 87,889,145 109,619,864 73,6S7,680 104,639,042
41 Loans and bills payable5_. 9,485,000 11,104,059 6,000,000 7,250,000
42. Traffic and car-service balances--Cr. 105,60.98 152,453.,21 8,2,409 123:,O0,732
4. Audited accounts and sages payable 470,816,978 81,52,236 418,412,766 429,095,177
Miscellanous accounts payable 175,826,725 17,,8,3 4 A ,l 176 1o,C.85,099
4. Interest matured unpaid 7b,297,13 70,8SS,9 9,'4710,6o o0,94,435
4. Dividends mature unpaid 15,605,4ab 17,37:268 ,327,843 17,096,55b
l Urmatured interest accrued 58,707,871 7 57, :,119 S,9',093 5' g7,8'
14 Unmatured dividends declared 29,569,182 2 ,4 617 8,922 57,7489,61
4. Aocrued aoounts payable 7609,: : "2 8 51, 1:17 9 1 l:
Other c current liabilities 99:,6 ,353 126,56:,946 1 603: 97J 118,700,968
2 Total current liabilities (items 41 to 51) 1,603,360,678 2,103,867,025 1,! ,991,476 1,796,814,542


53. Analysis of taxes accrued:
51-01 U. S Government taxes
53-02 Other than U. S. Government taxes
54. Other unadjusted credits


626,625,434
124,197,977
409,753,250


I.
~,47~52~


515,284.378
100,C21,186
342,639,249


d 21.1124.4-2
28,349,99?
7,235,576
4,506,019'
2,729,557
9,768,336
29,265488
2 ;9077
4 22 1o
10,524z771a
d 47.068.115
25,065,351
340 982,098
d 3426.910.35r

31,041,981
5,622,799
.07


543),506,236
191,290,646
734,796,682
28,460,085
706,336,797
117,771,627
259,144,70
1 ,397,5
378,313,820

290,686,Z13
304,029,651
8,442,699
d 1.844.819

175,92,457
58,649,278
1.87


$753,o65,931
187,348,770
940,414,701
31,253,315
909,161,386
131,509,318
290,733,915
1,312,845
423556,078
48Z,600,308
45,15,120
44-,443,188

2 6,572,499
3,772,50o
223,898,579

205,007,123
48,448,793
2.15


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


Period


December 1946
Dece-icer 1145
12 months 194F3
12 montne 1945


Railways Reporting a Railways Reporting a
Net Income Net Deficit


85 $99,777,558
53 38,7V,
90 353,767,cop
99 498,457,614


Number o A
reports Amount


i11,o02,435
117,311,337
65,232,613
51,696,o61


NET INCOME-ALL CLASS I RAILWAYS
IP DOLLARS
O, DOLLARS


S08


80 80

60o + 60

40 40


20 20
2 0 - - -* - -- */ U I --- 0

-20 ------------------- --- -. -2 .0



-60 -FMAMJ J N J FMAMJ J -6C

-80oi l I I I I I I -80
J FMA A M J J5 S ON D rM A MJ JA 0N > F AMJ J A60i 1n D


1944 1945 .........1946


/jRepresents accruals, including the amount in default.
2/For all Class I Steam Railways the net income was as follows: .
Perlod 1946 1945 Increase
3 months ended Dpoember $191,969,481 d .24.402.81 $216,372,352
6 months ended December 316,556,895 102,793,567 213.763,328
12 months ended Deeember .288..14.567 446,761. 3 1.7-oa 2
The net income shown is after deduction of the following amounts taken out of operating revse
nues to create reserves for land grant deductions in dispute: December 1946, 3,717.62 ;1
December 1945, $4,816,310; 12 months of 1946, *8,407,823; 12 months of 1945,847,333,7.
/ For railways in receivership and trusteeship the ratio was as follows: December
194, 3.53; December 1945, ; 12 months of 1946, 0.98; 12 months of 1945, 1.06.


,4/ Includes payments of principal of long-term debt (other tnan long-term debt in
default) which will become due within six months after close of month of report.
5r Includes obligations which mature not more than one year after date of Issue.
Excludes reports of 4 roads for the month of December 1946 and 1945, and 4
roads for the 12 months of 1946 and 1945, where net income (or deficit) was absorbed
by the controlling company.
Excludes Toledo, Peoria and Weetern Railroad. Road not in operation.
0 Figures include returns of the Chicago, Indianapolis and Lo.,Isville hy. Co.
which emerged from trusteeship on May 1, 1946, and Seaboard Air Line which emerged
,ro o receivership on August 1, 1946.
/ Includes credits covering refunds of 1944 and 1945 taxes on account of carry-
baks of the 1946 unused excess profits credit and net operating losses as follows:
December 1946, $70,642,762; 12 months ended with December 1946, $170,491,161.
d Decrease or deficit.


L.'iJvERSiTv OF FLORIOA .

IIIIIIIIIII IllhlllhlIIIIIIMIIIIi iII I NT ESTATE CO MM
3 1262.08851 2032 BUREA ue TiRAgOtUso


. . . . . 4AAU" I


Income Items


CE COMMISSION
ANDmTATiwncs


Statement No. M-125
DECEMBER 1946


UNIV. OF FL LIS.






U.S. DEPO"1TORY


8 72, 55, co6
1.103,097, 9
165 ,8 1,41
467,833
45,910,590
130,273,858
297,836,788
653.5,9916
22,730,007
.1:1034 ,644
94 108, 007


3.513.239.144


268,831,672
122246,7146
366826 403


0 N D


Mar20'47


-I-


-I-


-r-


I-


-I-


-I-


I I I I I


I I I


I


i 1- - -


-
I


I I


Ru-mbertof Amount
I repor s I










INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR THE TWELVE MONTHS ENDED DECEMBER 1946 AND 1945


E RAILWAY OPERATING N INCOME EDRAL IN lCOE MIIDSED BAIIWAY CPRATItNG ICONS jEDEA INCOME DIVIDmEN
INCOME TAUS PPR. PaapRIATIOs 3con NE I TAMs fPaPRaIazT s
egion and railway Region and railway
1946 1945 1946 1945 1946 1945 19146 1945 14619 1945 96 195 1 1945


niteo States Total .................4


eastern District Total ...............


lew Ingland region Total .............
Bangor and iroostook ...............
oston andMaine .......................
Canadian National Lines in lew Ingland
Canadian Pacific Lines in Maine ........
Canadian Pacific Lines in Vermont .....
Central Vermont ........................
Maine Central ........................,
lev Tork Connecting .................
lew York, New Haven and Nartfora ** ....
u land ** .............................
Great Lakes ggtion Total .............
Ann Atzor..............................
Cabria and Indiamsna ..................
Delaware ad BRdson....................
Delaware, ackan and eastern ......
Detroit and Mackinac ..................
Detroit and Toledo Shore Line ..........
rie .............................
Grand Trank Weten ....................
Lehigh and Hndson River ................
Lehigh and New Englana .................
Lehigh Valley ..........................
Monongahela ............................
Montour ......................*.........
New York Central / ..................
New York, Chicago and t. Louis ........
New Tork. Ontario and Vestern ** .......
Hew Tork, ausqueanna and Vestern ** ...
Pere Marquette .........................
Pittsburgh and Lake Erie ...............
Pittsburg & Shawt .................
Pittsburgh & West Virginia ............
Pittsburg, hawt and northern .....
Wabasha .................. ..........


Central astern Region Total .........
Akron, Canton & Toungstown .............
Baltinore mad ho .....................
Sessever and Lake Erie .................
Central R.R. of New Jersey ** ..........
Central R.R. of Pennsylvana ...........
Chicago & eastern Illinois .............
Chicago A Illinois Midland ............
Chicago, Indianapolis and Louisrille ...
Detroit, Toledo and ranton ............
1Egin, Joliet and Eastern ..............
Illinois Terminal ......................
Long Island ............................
Missouri-Illinois .....................
Peansylvania ...........................
Pensylvania-Reading Seashore Lines ....
Reading.............. ..................
Staten Island Rapid Transit ...........
Veetern Maryland ......,................
Wheeling and Lake rie .................


*$620,150.5071$*819,281901$*285314,4671*$4146.761.5531 a *5.-6c446-60.*3o,5140.973 1$2314.591,735 1*253,1455,916


. . - I .--!4 1- .- -F -. 1 1 -


UT7,65.2140 a s4.a20.nf 5176i59,~0721


47,021,083


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


17.831,.437 d 6.6o4.411


747,104


^

1,178,806
3,596,689
d 63q.o7o


3#6a&42!85k_612


d 4.78W
a ^:6S


91.708S
126,712

a .


850.125
3.335


8,122

h-


264,773
191,4oo00




73,373
I ~


1 ______ 1 ______ ______ ______ 1 _______ 1 ______ 1 ______


6o.736,246! 106.203.672


39.960.5Il 2.'8q1i1714'.0


14.911.n812


80,27.4,139


400,461
334.950




65.511


23.376.2k41


. ,,.,ws,,- ,
,


.6 682.3 TI **666, 3


80,90.482 163,104.120


331,123




5,797.185
82,497
175,218
209,404o

664,017
24,412,525
8.083,229
S 2,630.327


38,W01
2.139,121
3,572,242
113,146
58.4613
313.181


d 9313531
25,944
136,934


1

293,225
d 2 .03




S 40,.531
a 447,085


212,866
866,115
181,217
d 2.569.836
223.936





-

36,868




8,213,480


714.m6.31471 8. 21.339.7121 7 I7.0


245,896
8,660,319
398,641


558,992
367.057
803,:08
657,61
1,630,13
.533
49,009,238

a 203

2,.79.915


96,007
a 2 o0. 6




324,5814
141,.077
418g,900
420,000
d 9.631;,199
^



3,270,680
d 140,M82
2,.140,000


156.232
572,829



656,800
39.869
468.369

279,917
416,772




2.335,000


54o,ooo

4,1472,714
282,420
748,000
374.700
510,000
2,163,384

560.000
3.022,775


1,997.819


31,844,498
78,385
2,250,000

383,863
300,000
613.330
764,.000
90,000
135,ooo00
19,751.631
4,197,033
1,241,9147
2,039,309


540.000


420,000oo
4,472,819
282,420
136,000
249,so800
9. 671.091
1,081,692

0,000
3, .,600


1,997,819


330.570
2,000,000

767,726
300.oo000
981.328
3,820,000
7,899,187

32,919.385
4.,197.985
1,241,947
2.039.309


southern Distrit Total .............. 155,o080,714 171,079,257 93,909,399 95,736,561 36,196,385 92,499,087 75,506,597 7708os,206
Pocahontas Region Total ............. 62,457,267 52,958s,o031 58,006334 46,507.447 32,760.793 19,328,426 52.274.127 51,279.94o
Chesepeake and Ohio .................... 32,832,962 22,025,255 27,726,780 16,379,.847 13.138,442 d 8,853399 26,800739 26,239,870
Norfolk and Western ................... 21,952,678 22,767.171 23,727.676 23,533,680 15,500,000 23,250.000 19.163,887 19,163,671
Ric abn. redericsburg ma Potomac ... 2.919,319 2,10,776 3376923 2,34626 2,227,091 6,58591 1.505 1.1.9
Virginian .............................. 4.752.308 6062.583 3,17.955 4.7.494 1,895,260 1.654.094 4, 46 4,8 45o


Southern Roeion Total ................
Alabama Great Southern ..............
Atlanta and West Point .................
Atlantic Coast Line ....................
Central of Georgia ** .................
Charleston & Western Carolina ..........
Cincinnati, New Orleans and Texas Pac. .


92,623,447 118.121,226


3,435.592


73,170.661


23,232,170


.4 .4 4 4 4 .4 -


S report of receiver or receivers.
e Report of trustee or trustees.
d Deficit or other reverse item.
SIncludes Boton Albany, lessor to New York Central R.R.
to Terely Inolsted in report of Minneapolis, St. Paul & Sault Ste. Marie.


2.206,770
353,305
5.579,686
283.335
2.320,929


a 628014
a

--181979


3,1142,000
341,119
a 812062
a oo


1,121.035

3.302,093
72,000
2,365,170


25.928,.266
2,017,863
123,180
3,096,982
144,000
3,262,170


Southern Region Continued
Clinchfield. .........................
Columbus and Greenville ..............
Florida East Coast ** ...............
Georgia .R. Lessee Organisation ..
Georgia & Tlorida ..................
Georgia Southern and Florida ..........
Gulf, Mobile and Ohio .............
nllinois Central .....................
Louisville anNashville .............
Mississippi Central .................
Nashville, Chattanooga St. Louis ...
New Orleans and Northeastern ........
Norfolk Southern .....................
Seaboard Air Line ....................
Southern .............................
Tennessee Central ...................
Western 1y. of Alabaa ...............


Western District Total ............. 318.059.522


Northeastern Rtion Total ..........
Chicago and loxth Western ............
Chicago Great Western ...............
Chicago. M11waukee, St. Paul & Pacific
Chicago, St. Paul, Minn. & Omaha .....
Duluth, iessabe and Iron R age .......
Duluth. South Shore and Atlantic ** ..
Duluth, Winnipeg and Pacific .........
Great Northern ......................
Green Bay and Western ................
Lake Superior and Ishpeing ..........
Minneapolis & St. Louis ..............
Minneapolis, St. Paul & S. S. Marie ..
Northern Pacific .....................
Spokene International ................
Spokane, Portland and Seattle ........
Wisconsin Central / ** .................


Central Western Region total .......
Alton ** .............................
Atchleon, Topeka man Santa Pa c/ .....
Chicago., urlington & Qpincy .........
Chicago, Rock Island and Pacific ** .
Colorado and Southern ................
Colorado & Wyoming ....................
Denver and Rio rande Western .....
Denver and Salt Lake ..................
Fort Worth an Denver City ...........,
Northwestern Pacific .................
Southern Pacific ....................
Southern Pacific Transp. System ..
Toledo, Peoria & Western V ..........
Union Pacific ........................
Utah ................................
Western Pacific ......................

Southwestern Region Total ........
Beaunont, Sour Lake & Western ** .....
Burliagton-Rock Island ...............
International-Great Northern ** ......
Kansas City Southern ..............***.
Kansas, Cklahow & Gulf .............
Louisiana & Artansas ................
Midland Valley ......................
Missouri and Arkansas................
Miesouri-Kansas-Texas .............
Missouri Pacific ** .................
New Orleans, Texas & Mexico ** .......
Oklahoma City-A a-Atoka ..........
St. Louis, Brownsville and Mexico ** .
St. Louie-San Francisco ** ..........*
St. Louis. San Francisco and Texas ..
St. Louis Soutbwestern ** .............
San Antonio, Uvalde & Qulf ** ........
Texas and New Orleans ................
Texas and Pacific ....................
Texas Mexican ........................


67.71
2811482
5.340,735
755,8719
2,202,145
i144,988
, 194. 93
4.398.339
19,803:713
3.522,9
65,172
1.430,401
13.394,662
100,544
7,332,181
14.917,024
7.561,381
289,149


$3.356,981
33,008
4,401,728
956,77

2,762,860
23.906,043
22,701.472
210.579
3.179.777
1,039.710
494,336
11.125,533
26.817.767
284,767
382.321


(22,470
109,494


1,473.947
7.462,575
11,579.590
270,42s
721,036


9 506.273
.31, 5M


*56,673
S T76,325
LIM

1,384.112
11,697,482
17.536,341
108.833
1,838,971
797.T645
11,663


37.556


$&49 02

d 335,
d .251.S:7

d-


6.165,191
2.225



^7
5 4 221
d 28,15j
S8, 57


*525,846
62,948
2,216,057

903.360
306,935
22.700.684
19,613,075
678,7


d 21
29.0470


$9.850



708.,596
8,236.800
255.982


6,894,600
17.500
150,000


$19,700



1,417.707
8,225,100
511,964


6,894,600
35,000
180,000


$4,490.137

d 1.

2,710,615
17,889.,905
15:595,1486
109,322
1,495,.U2
938.589
47,430
14.04,63
19,311,146
&d 2 ;


- I i __ __--___ -_--_ 4-------------------i- i ------- ,__


O.T715.655


10,893.790
1,856,096
13,346,598

10,775
d 420.123
25.046g634
131,208
286,571
443,938
1,0183068
13.351.893
214,401
2,114,809
2,830,972


391-0-9.70141 193.90-.93414 233,366.752 1 2,a19.6721


911 4ok 704


4. 824.V4.0


277.800,95 .ll2.054.055


78,259.159 1Ida .14o5.4414 I A_6.146_6i76i1 41.13.2


, ,_,,,_, _,,. ,...,_,g ....,,,... ,
I p


18,192,820
2.608,378
26.582,330
3.176,542
15,200,192
410,141
41,786
28,379:,35
126, o4 O
685,372
593,451
2,804,235
18.23,700

1.61456


7.179.832
173.488
3,176,068
d 1692oo1

23,457.00
137,700
298,779

8,881,146
101,620
a 1.160.478
6 4 -1


14,116,780
799.609
14,077,911
889,986
14.397.338
d 519.927
24,157.590
90.6o08
84.568
5714,040
1.,559,860
138.093
d 2.722 9


154,766,097 172,761.171 105,417,406 110,063.902


585,556
45,554.082
26,991.098
16.633. 81
214.

5,681,129
728.136
862.095

41,524.526
26.953.352
8 9.774
4,500,292

82,577,770


d 917.000
S 1.783!.05

-49,603
3.447,970


d 3,127,299
10--072
88:447M
123.135
d 20.93
13,623
V 1 ,10 ,06
O 8


16,779,0b40


3,300,oo000
1,135.500
d 991.000
a 4,422,205

d 1.825.882
-- 32.58s
472,618
188,673
1,613.316
a 8.007.238

966,472


5.388.938
228,819
11,217,1400
10,281,250

9,277,637
125,000
267.750
300,000
1.797.760
2,479.710
71,160


..... .... .... .... .. 1- 1 ,-. 1 ,-


7.021.544
915,279

8,225,000

9,255.749
125,000
535.00
600,000
2,479,710
71,160


182,703,750 66.211.711 63,154,106


4 1 -4- 4 4 .4


2.563,814
37.0C,177
34.39,789
22,195.945
2,241,938
233.508

1,189,002
232,859
36.3r7.788
51.009.536
31,107.553
186.o03
5,202,283

98,813,829


856,281
502.522
3,058,233
7,421,883

277,196

23,659,328
2.383,232
191,284
1,684,814
15,104,808

16, 1547
d 65184

287.477


367.999
39.015,178
23.102,774
3,679,068
7,901
183,167
d 4.079. 89
.49


25,281106

30,1431,603
14,112
3.550,251

38.558.968


1.595,113

i 6llP94
616.077
1,6 721


6.309,123
2.689,455
692~06
2,25249
d 4.76


5,435.135
172.531


573.299
29, 4:500
27,405.399
7,023.987
1,803,e02
158,64.





33,031.580
105,932
3.905,567


d 2.321.271

13.435.282
3,721.188
101,209
27,500
d 2 69I.76
12,033



12,.269,366
22,100
1,815,072


17,380,215
18,644,239
838,787
103,900
10,1488,390
31,4
1,070,54
16.338.959
31.815,876
60,600,000
74,075
3.892,272


45.043,692 d 6.153.9241 101.563,3841


792.244
S 1i05.746
5.616864
712,.147
1,693,031
78,563

7.327.909
d 7716

896,338
1,136,031
211,809
3,993,006
d 878.670
10,431,090
7,243,162
126,289


620,616

1,905,000
312.744
4a914
1.467,000
a 42s8,414s

&10998
d 7.s25.000


S.602.46373
67,330


2,050,000
1,574,000
1,615,000
4.01336
2,461,673


25,864,040
1,262,000
50,755
2,394.000
7,905,229
525,798
15,605,830
15,476,917
15,394,777
116,790


20,771,000
10.250,322





15,091,052
15,091,052
17,321,709
2,777,628


20,771,000
10,250,322





L2,261,480
12.261.1480
L7,321.709
2,549.595


4.406,920 3.590.523


840.000
531.570
300,000









2,735,350


525,000
531.1498
300,000




80,000




2,154.025


* _________ A ~ I ________ 4- 1 1 ________ 1 ________ J ________ [ I


SIncludes AtchlsonutTopekca & Santa Te By., GJulf, olorado a Santa e by., ad Panhandle & Santa Fe 4y.-
Data not included in totals. Includes Southern Pacific Coopany, Teas and New Orleans R,.. Co., and leased lines.
Federal Manager's operations terminated 1201 a.m., October 1, 1945, Road not in operation.


U. S. GOVERNMENT PRINTING OFFICE : 1947-0-702097


147.t10,273


287.139,229


824,2341


5.365- 443J

14.96'o75~




1,031,12
95802


453.811
713.246
d 4.58

-
d



d o.395
605M9


1,232,913

a 88411

1.514833
2.143,161
10,552,809
1 219.148


1.823.235


99,334
662,213
4.093,098
5.109.25
182.439
556.2
7.250,.54


1:34:473
936,.808
479.038
15,447. 219
8.426,302
d 1.672.7146


a-o a
^


56k4.372
591.059
3.004,621
2.347.901
82,830
565.927
13.923.29S
4.216,139
152,856
417,279
1,02.2171
670,338
49,944.321
12,402, 78
d 1,218.763


6a 705
3.766.230
3.782.948
213.366
1,180,607
d 168.3'


d 117.365
2,131.148
36,216
9 7,67
2.994,724
d 6.123.690
1,118,538
108,103
1473.590
472,291

S o.018.M1,


3,661,3146


3.674.288


. .. ............ 1 .1-1 -4 -- -. -*4 4 -!--------- -.-I4- 5 1


413.813
25,909,10S





1600,611
1,034,968
633,2li
629,47E8
25,917,22



3.812.602


5,605.4101
188.558
2,648,709
3.603,793



S1101.222
1.475.231
481 ,16

8.30.317


d 823250,

3,790,148


443,054
37.043.094
1,803.270
145,349

879.843
1,716,938
1.30.947
1.296,12
2,249,817
2.715,001
447,249
87.18 53
d 624.040
315,0M
7,147.584
3.462,.893


35.903.065


1,116.130
82,950
5,016.951
1,414,057
13.08C
3,805,1497


1,563.290
109,106
5.474.694

a 3.636


1.507,996
23.707
5.492.9
3,807.0
557,279
3.983.527


. .
-


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I


M.


Arl


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I


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woo ..


2k


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-L


w


"- r .. .... I .. . -m T- I


Ild


?IP


9


, I


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1 1 -, .7-11 ,2


I


--I-


I I I


j


- I


tj


65.9T3.571


6j.2299a42