Selected income and balance-sheet items of class I steam railways in the United States - 1953

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Material Information

Title:
Selected income and balance-sheet items of class I steam railways in the United States - 1953
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:
1954
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
sobekcm - AA00000587_00021
Classification:
lcc - HE2713 .Un321
ddc - 385.13 fU567s
System ID:
AA00000587:00024

Related Items

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

Full Text


-LU /is/a I:V57/I


Subject to revision


UNIVERSITY OF FLORIDA

SII III II I I INTERSTATE COMMERCE COMMISSION
3 1262 08851 3873 BUREAU OF TRANSPORT ECONOMICS AND STATISTICS

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


Statement No. M-z12
JANUARY 1954


UNIV. OF FL LIS.







US. DEPOiTORY


Compiled from 126 reports (Form IBS) representing 130 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


UNITED STATES EASTERN DISTRICT POCAHONTAS REGION
Income Items For the month of January For the months of For the month of January For the months of For the month of January For the months of
1954 1953 1954 1953 1954 1953

1. Net railway operating income .................... S32 574 078 $80069 '53 $7 435 325 925 946 606 5 134 L140 37 521 530
2 0Other income ....... ....... .. 25120862 18093 881 6 695 131 6 110 513 17 841 740 728
3. Total incone...................... ....... 57694 940 98 163234 14330 4 56 32057119 6052 381 8262258
4. Miscellaneous deductions from InBcoe 3.. 7112 43 4 229066 928 334 1096 641 336 374 500 451
5. Income available for fixed charges.. ..... 53983697 93934 168 13402 122 30960478 5 716 007 7 76180c7
6. Fixed charges:
6-0i. Rent for leased rood, rnd equip-pnt 6093783 6 220 751 5128368 5 267985 9296 86633
6-02. Interest deductions/ ..... .7239 129 27062253 o 11643656 11709340 0 1403611 13798722
6-03 Aorti nation of dicomnton funded debt 227855 239449 0 73799 74840 13812 15250
6-0. Total fixed shares. ...... 33560767 33 522453 6 16 L45 823 17052 165 1426 71 1403605
7. Income after fixed chres .. ... 20422 930 60411715 d 3443 701 13 9087313 4 289 2 6 6 358202
B. Other Deduction ... 2.. .....129257 d4b2340 1 4.7 1447551 46 660 86693
9. Net income ................... 17593673 57589375 0 d 4916424 12460762 4 4 282 682 6349509
10. Depreciation (Way and Itructurue and Equtoacnt) ... 43142464 40 7 51 576 16117934 15 364025 31868661 3021 712 4
11. Federal Income taxes .................. .......... 19 267 99 48 611 230 3 12070e 9 304582 1 634677 4 562 453
12 Dividend aporopriations:
12 D 0. On cocon sto. 15681701 136768768 1549270 1377899 5891339 5878527
12-02. On referred stock ........ 9 465284 7240 B92 2 653 372 2 854 8C2 141 709 151 859
Ratio of income to fixed charges (Item 5-6-04) 1.61 2.80 .80 1.82 4.01 5.53

EASTERN DISTRICT ,_
INCLUDING SOUTHERN REGION WESTERN DISTRICT
POCAHONTAS REGION
Income Items For the month of January For the months of For the month of January For the months of For the month of January For the month of
1954 1953 1954 1953 1954 1953

1. Net raily operating income................. 12 969 865 33 468 136 $12 64233 $15 785 50 6639 90 30815637
2. Other income ... ........ .................. 7412972 6 51 241 2117345 2482759 15590545 8759881
3. Total Income ................................. 20382837 40319377 150815 76 18268339 22230525 39 575 518
4. Miscellaneous deductions from income .............. 1 264 708 1 597 092 402 082 862 211 2 044 4 53 1 769 763
5. Income available for fixed charges ...... ..... 19 118 129 38 7-2 285 14679 496 17 406 128 20186 072 37 805 755
6. Fixed charges:
6-01. Rent for leased road, and equipment .. 5 137 664 5 276 618 788 26.5 774 8C7 167 854 169 326
6-02. Interest deduction I_/ ..... ........... 13047 267 13 089 062 O 4 159 089 4 016 4 54 O 10 032 773 9 956 737 -o
6-03. Amortization of discount on funded debt ... 87611 90090 0 20717 57081 e 119 5027 122927 8
6-R0 Total fixed charges ................. 18 272 542 18 455 770 4 968 071 4 818 42 .10 320 154 10 248 341
7. Income after fixed charges ................... 645 587 20 266 515 9 711 425 12 587 786 9 65 91 27 557 434
8. Other Deductions ................................. 1479 329 1456244 2 54057 241677 1095871 1124419
9. Net Income .................................. d 633 742 18 810 271 9 457 36e 12 346 109 8 770 047 26 432 995
10. Depreciation (Way and structures and Equipment ... 19 304 795 18 385 737 6.047 317 b 793 809 17790372 16 6120308
11. Federal Income taxe .............................. 4755385 13 667035 5 036 127 9 961 726 9 476397 24 982 469
12. Dividend appropriations:
12-01. On common stock .......................... 7440609 7 256 426 7 644 4 15 6025 268 396 674 396 674
12-02. On preferred stock .......... ............ 2 995 081 3 006 661 3 429 076 1 189 299 3 041 127 3 044 932
Ratio of Income to fixed charges (Item 5.6-04) 1.05 2.10 2.95 3.61 1.96 3.69


UNITED STATES UNITED STATES
Selected Expenditure and Asset It --ems l hend of January Selected Liability Item Balance thend o January ANALYSIS OF NET ICOME-ALL CLAS I RAILWAYS
Balance at the end of January Balance at the end of January
1954 1953 1954 195I
Reports showing Reports showing
17. Expenditures grossi for additions and betterments- ,40. Funded debt maturing within 6 months 2/ 248,181,091 $157.739,094 Period Net Income Net Deficit
Road $23,956,240 $25,775,320
18. Expenditures (gross) for additions and betterments- 41. Loads and bills payable 1 2,121,908 2,657,103 Number Amount Number Amount
Equipment 57,116,297 67,794,751 42. Traffic and car-service balances-Cr 92,288,914 103,883,579
19. Investments in stocks, bonds, etc other than those i Audited accounts and v.ages payable 532.473,092 531.355.733
of affiliated companies (Total, Account 707) 433.174.899 463,617,659 44 Miscellaneous accounts payable 198,630,565 204,738,815 January .. 1954 77 *38,805,945 45 $21,212,272
20. Other unadjusted debits 92,412,053 78,192,147 45. Interest matured unpaid 33.950,087 34,070,877 January .. 1953 98 63.538,935 24 5,949.560
46 Dividends matured unpaid 9,420,018 7,190,617
21. Cash r78a,61t,660 9 9,2088, 9 ,7. Unmatured interest accrued 80,873,298 83,649,803
22. Temporary cash investments 980,319,586 1,032,409,389 a. Unmatured dividends declared 35,291,175 31,614,227
2 Special deposits 80,219,738 84,001,958 49 Accrued accounts payable 216,899,851 221.743,640
24 Loans and bills receivable 3,079,553 1,092,832 50. Taxes accrued 866865532 975.271,828
25. Traffic and car-service bala s-r. 53940 63,43723 51 Other current liabilities 82,251,316 98,459.795
? Net balance receivable from agents and conductors 155,953,254 169,317,373 ----------
27. Miscellaneous accounts receivable 363,12,791 383,403'16 52. Total current liabilities (items 41 to 51) 2,151,065,756 2,294,635,917 Excleud. roads whioe o.et boc (or deficit eas
28, Materials and supplies 853,331,194 844 "59,432 Absorbed ty the eorolllne CoIT'W.
29. Interest and dividends receivable 18,807,234 14,705,886 53. Analysis of taxes accrued,
30 Accrued accounts receivable 216,468,710 218,73,310 53-01 U. S Government taxes 705,154,801 803,777,847
31 Other current assets 34,565,269 40,589,846 53-02 Other than U S Government taxes. 161,710,731 171,93,981
32.54. Other unadjusted credits assets162,76 251,120,864
32. Total current assets (items 21 to 311 3,544,713,524 3,797,148,972 .4Oterundused reis.4916,76 25,10,6


d Decrease, deficit, or other reverse Item.
T/ Represents accruals, including the amount In default.


2/ Included payments of principal of long-term debt (other than
long-term debt in default) which becomes due within six months
after cloes of month of report.
]/ Include. obligations which mature not more than one year after
date of issue.








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
7OR THE M)UH OT J AMUIA 1954 AMD 1953


Page 2


NET RAILWAY OPERATING FEDER U INOME 1 DIVISDE NET RAILWAY OPERATING F DERAL INCOME DIVIDEmN
INCOME N INCOME TAXES APPROPRIATIONS INCOME 1NE 0INOME TAXES APPROPRIATIONS
Region and railway Region and railway________ __

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953

United States Total ................ $32.574,078 $80,069.353 $17,593,673 $57.589.375 $19,267,909 $48,811,230 $25,146,985 $20,919,260 Southern Region Continued
eastern District Total .............. 7.435.325 25,946,606 d 4.916,424 12,460,762 3,120,708 9,304,582 4,402,642 4,232,701 linchfield ............................. $497,515 $891,838 $110,935 $81,455
Eastern Distrct Incl. Pocahonta Columbus and Greenville ................ d 196 27,716 $1,476 $28.565 1,800 21,500 -
eon Total .................... 12,969,865 33,468,136 d 633.742 18,810271 4,755385 13,867,035 10,435,690 10,263,087 Georgia R.. Lessee Organization .... 18,013 105,298 -
Nw England Region Total ............ 1464 1,809,878 d 1.055.7 688,242 303,187 658,512 20,078 19.883 eorga SouthernandFlorda........... d 61,101 7 ,73.1 9.0 50 ,720 -60,000 -
Gulf, Mobile and Ohio ..................... 700,291 909,920 479,183 690,199 303,000 618,000
Bangor and Aroostook ...................... 281,170 281,933 172,912 207,172 143,786 225,712 Illinois Central.........................1,938,131 2,205,659 1,285,011 1,545,488 1,217,000 1,593,000 $1,118,718 $1,118,718
Boston & Maine.........................d 478,167 286,360 d 798.055 d 37.695 26,575 26,502 Louisville and Nashville ................2,277,685 2,440,354 1,748,895 2,214,076 799,565 1,675,976 2,340,000 2,340,000
Canadian National Idnes In lNw Ingland 1d9 91 d 72.10d? 181.389 d 83.791 Mississippi Central ....................... .16,153 23,756 7,230 19,096 576 11,279 60,358 60,358
Canadian Pacific Lines in Maine .. ..5...384 158,832 Nashville, Chattanooga & St. louis ..... 324,046 474,915 251.899 365,236 100,954 283,812 255,984 255,984
Central erdian Pacific n Vermont ....... 95,05 7551 42 d 11 New Orleans and Northeastern ........... 161,588 144.164 172,472 152,147 180,000 165,000 -
Central Vermont....................... .. 93 ,.551 d 42.376 d 131.974 Norfolk Southern ....................... 25,762 16,751 16,225 7,483 10,000
Maine Central ......................... 180,700 299,933 77,105 209 597 80,826 178,298 20,078 19,883 Seaboard Air Line .................... 1,994,076 2,198,599 1,754.393 1,952,447 737,000 1,100,000
New York Conmecting.................... 81,477 148,022 29,262 93,419 Southern ............................... 2,430,636 3,185 1,55946 2,24,580 900,000 2,474,000 6,469,150 -
New York, ew Haven and Hartford. d 61,400 6,998 283,990 458,851 52,000 228,000 Tennessee. Central ............................. 5,535 6834 d 46746 90 -000 2 -
tland ............................... 29371d 2304 d 29.242 d 27.337- Western y. of Alabama................ ..... 20,351 38,814 22,224 4004 4,620 27.665 -
Great Lakes Region Total ............ 4,134,760 12,036,938 d 324.555 7,038,442 1,445,087 4,445,723 4,102,894 3.503,529 Western District Total ............... 6,639,980 30,815,637 8,770,047 26,432.995 9,476,397 24,982,469 3,437,801 3,441,606
Ann Arbor ............................ 5,44 119,000 d 7.153 10,58 d 42527 7738 Northwestern Reon Total ............d 8.462.200 1,309.483 d 853935 d 1.530.467 98.524 761,071 3,041,127 3,044,932
Cambria and Indiana.................... 88,748 75,147 89,014 73,201 63,018 51,018 -
Delaware and Hudson ..................... 219,596 706,934 64,861 548,330 102,000 Chicago and North Western .............. d 634562 539.498 41055603 135,639
Delaware, Lackawanna and Western ...... 564.563 803,349 239,370 448,341 l_ 28.415 249.112 Chicago Great Western .................. 308483 303,738 221,408 235.350 130,000 143,000 -
Detroit and Mackinac .................... .. 16,983 22,368 17,226 20,543 8,36 23,314 Chicago, Milwaukee, St. Paul and Pacific d 369 1,224,763 4 1.356.636 657,989 409,000 -
Detroit and Toledo Shore Line ......... 103,914 132,619 98,636 126,990 84,593 121,004 20,000 20,000 Chicago, Saint Paul, Minneapolis & Omaha d 26698 61,854 & 468,259 d 147804 -
ie ...................................... 1,121,317 1,745,318 600127 1,179,698 d 81 864,947 2,014,410 2,014,410 Duluth, Missabo and Iron Ra c ........ d 2 2 2 d d24 -
Grand Trunk Western ..................d 4422 239,118 d- 27. 12 d Duluth, South Shore and Atlantic ... 4 ,. 120,996 d 99,679 -
Lehigh and Hundson River ............. 30,380 28,376 30,221 17,482 20,037 Duluth, Winnipeg and Pacific ........... d 72 00 81 22 10813 -- -
Lehigh and New England ..................... 69,905 74,188 54,853 61,116 10,145 25,382 Great Northern .......................... 2.d .17 d 72400 d 81622.21 d 0 3, -1,12 3,0+,
13.492 805.693 d 313085 4547o7do4o 1 8 .5035d 2_:3 1 1 3,041.127 3,044,932
Lehigh Valley ............................ 1392 805,693 d 31.385 450,040 186,500 Green Bay & Western ....................... 21.577 39,348 11,387 36,70 2524 42,471 -
Monongahela ............................ 28,297 2,119 d a.7 10_ d 33.956 ake Superior & Iehpeing ................ d 1 31 2529 d 124.520 d 816d -- 0
ontour.............................. 55,854 6,382 53143 53181 40.297 37,462 Minneaoli n & S on al ......... 101590443,929 191,448 11834619 21656285 5989.960 18.375.636 396674 96674
New or Central .......... To............. d 87128 337086 d 2.7673278 1,338381 262,000 356,276 279670 709apolis.289 St. Paul289 & .. Marie .... d 4 06 286846 -
Nealw York, Chicago and St. ui........... 2,57330322 3.589,056 1 ,680599 8768,16 1,306147 836,000 611350,500 2,068,484 1,469,119 Northern Pacific ....................... 43 665 49743 40266 46 6 26700 54400




Ne Y Or and Wes' .. d 2161 2 0 2 o e Western .......... 9316031 1,151521 663,827 881911 593800 880 -
New York, Ontrio and Western ....... ,011 2 d 547 d 7.20 1,289 1,245 Spokane International .................. 2015,0181 23,94759 10,534 11,511 67120 1523,600 -
ostern 260,183 340,310 127 3 203510 17 68,800 orthweSpokane, Portland and Seattlern Paifi ................ 149.594 256 4 175.834 ,897 00,000
Pittsburgh and l land .......... .. ,.6 Wisconsin Centraln" ................... d 19,28 299, d 663 1 160,924 4 -
Piitburg & Shawnt ................ 81,639 41,715 62,138 28,206869 o pacific Tranp. Sytem ..... 2152,801 5231920 81817 4525519
Pittsburgh and West Virginia............. 104,413 113,988 66,623 76,090 35, 709072 ole PCentral Western Reion -Total............... 0,159,0 2,191,44 11,834,619 21656,285 5989,960 18,375636 396,674 396,674
Wabash ........... 609, 00 896,809 435,795 68 5 00 ,567 138963 69,18 58218 172299 47809254163700 439.200 396674 396674
AtchisoPennslan adn, Topeka and Santa a/Sehore .......nes ... 2,955,05 6626,178 2,744,446291 6,305,655 1,816,000 6599,00 -
Central Eantern Reion Total.......... 3,314,029 12,099790 d 65 a 30 4,734,078 1,372,434 4,200,347 279,670 709,289 Chicao, Burlington &- Totaincy ............ 2,76,90 2800,043 1,677,735 2363,08 1,136, 5300 2,214,300 -
Chicago, Rock Island and Pacific ....... 1,268,159 2,501,121 1,09,403 2306,21766 179,000 1,582,000 -
con, Canton and Youngstown ........... 20,259 72,102 15,091 6,493,509 1,634677 4.5 21 .453- Colorado and Southern ................. 86,165 180,738 87433 182,30648 19457,000 150,742 -
Baltimore and Ohio.... ................ 2,573,303 3,589,056 1,076,164 1,77,811 3 611000 Colorado & Wyoming .......................... 43,665 49,743 4,266 46,216 26,700 54,00 -
essemerand Lake rie.................... 21,317 d 233.075 372 d 2 5 Denver and Rio GrandeWestern.............. 931,031 1,151,521 663,827 881,911 593,800 880,100 -
Central R. R. Co. of New Jersey............ 334,011 3215.785.580 9.457.368 12346,289 1,245 ort Worth and Denver .................. 201181 29,44475 1,534 188,856 67,120 152,998 -
hicago & astern Illinois ............ 260,183 340,310 127,063 203,510 1,199671 365,484 796,071 28,68,800orthwestern Pacific...................000 -

















amas ore a nouth and ............. 17,6o7 11,190 1963 17.20 -0 --oi 92,2r 8623.1.18 --- -
Chicago & l tinois Midlando 5,4 50,0 49, 6, 36, d0,000 e..............d4 Sacramento Northern* .................... d 24 416 201,850 d 87.362 137,96 -
Chicago, Indianapolis and Louisville .. 14554 150,502 ,66 36,000 50,000 429642 Southern Pacific Co., Inc. Leased Lines 1,491,108 4,513,053 1,049,982 4,077,299 3,205,306 -
Detroit, Toledo and Ironton.. ............... 324.,724 243,492 291,654 229,125 185,350 187,869 Southern Pacific Transp. System b..... 2,725,363 5,815,3138 2,152,801 5,231,920 81,8117 4,525,519 -
gn, Joliet a nd astern................ 224 435,306 d 1.241.912 4 20,687 709,07 Toledo, Peoria & Western .................... .. 85,170 93,271 82,184 89,297 88,00 97,590 -
Illinois Terminal ..................... 6,436 28,085 2,1 19,64 d4 104 7 d 21,300 UnionPacifiIncl. Leased Lines......... .. 980,14 1,542,237 4355963 4,849,116 2,000,000 3,000,000 -
LoCincinnat Ilandew Orlean.........................d 8402548 d 5601,32852 279,2 1007.3 ,035 195000 4 81. -000 10,223 Tea Meican .... ........................... 1061 4504 6084 36,2358 40000
Missouri-Illinois.......................... .55,044 104,443 58,327 107,229 10.000 100.200 Western Pacific2........................ 53.918 538,218 172,299' 478,541 63.700 439.200 396.674 396.674
Pennsylvania .............................402,749 5,967,158 d 3,415,251 1,981,558 506,000 904,000 -
PenmsylvaniaeReading Seashore Lines ... j 1646 9 4 62d46 42 d 596,769 d 538.942 62.337 62,337 -
Reading................................ 1,194,684 1,317,304 833,989 980,625 313,512 802,703 279,670 279,647 Southwestern Region Total............. 4,943,136 9,314,706 5,474,784 6,307,177 3,387,913 5,845,762
Staten Island Rapid Transit.. ...... d 3480 5,5- d 97-592 d 118.901 -
Western Maryland .. 641,109 866,?3 B 438,199 649,699 28590 673,90 Beaumont, Sour Lake & Western"*............ 193,814 196,227 209,070 206,216 18,000 146,000 -
Internationsl-Great Northern"*............. 220,069 304,798 1,493 93,254 37,000 -
Pocahontas Region Total .............. 5,534,540 7,521,530 4,282,682 6,349,509 1,634,677 4,562,453 6,033,048 6,030,386 Kansas City Southern ...................... 594,201 732,079 453,686 582,306 457,000 788,000 -
Kansas, Oklahoma & Oulf ................. 67,264 121,616 59,785 113,620 48,682 113,335 -
Atlantic and Danville..................d 02 11,664 d 10 2,903 222 667 Louisiana & Arkansas.430,773 485,234 375,778 365,178 266,000 315,000 -
Chesapeake and Ohio ......................3,437,932 4,791,025 2,375,428 3,760,492 300,000 2,130,000 6,033,048 6,030,386 Midland Valley.......................... ... .1,554 12,780 19,015 29,607 15,558 1,000 -
Norfolk and Western .....................1,233,228 1,763,800 1,199,805 1,771,695 725,000 1,550,000 Missouri-Kaneas-Texas...................... 391,733 676,211 118,524 412,601 d 120,000 287,000 -
Richmond, Fredericksburg and Potomac ... 262,039 340,986 275,331 349,236 215,000 397,747 Missouri-Pacific"....................... 1,153,207 1,985,669 d 116.660 713,628 150,000 -
Virginian ............................. 605,241 614,055 442,526 465,183 394,455 484,039 --- Hew Orleans, Texas & Mexico"*...............88,745 220,481 16,805 12,000 -
Southern Region Total ................ 12,964,233 15,785,580 9,457,368 12,346,109 5,036,127 9,961,726 11,273,494 7214,567 St. Louis, Brownsville and a exico** .... 239,21 4 130,175 176.488 71,610 8,000 50,000 -
St. Louis-San Froncisco ................ 737,681 1 7199.671 365,484 796.0710 8,000 652,000
Alabama Great Southern .................... 179,627 191,190 159,653 171,919 20,000 150,000 St. Louis-,San Francisco and Texas...... 24,026 21,969 22,500 ,,,718 13,000 12,000 -
Atlanta & Saint Andrew Bay..y............. 59,226 58,911 59,825 60,044 55,677 91,727 2,480,000 St. Louis Southwestern..................4 d1158.473 909,649 2,293,869 861,696 2,308,973 1,149,725 -
Atlanta and West Point ................d 1 13,754 d 1,664 22,784 8,921 San Antonio, Uvalde & Oulf".............d 6 66 d 59.851 d 113.718 d 78 4 -
Atlantic Coast Line ...................: 1,331.667 1,146,630 1,743s663 1,850,701 400,000 725,000 1,029,284 1,029,284 Texas and New Orleanso...................1,234,255 1,302,085 1,092,820 1,144,620 81,817 1,320,213
Central of Georgia...................... 247,429 335,208 119,759 233,590 144,391 Texas and Northern ...................... 18,613 31,758 18,603 31,733 19,000 21,300 -
Charleston & Western Carolina .............. .52,984 84,178 20,169 49,551 10,000 45,000 Texas and Pacific ........................ .789,326 1,075,856 619,232 884,401 232,000 747,000
Cincinnati, New Orleans & Texas Pacific 402,548 561,322 279,234 421,035 195,000 455,000 10,223 Texas Mexican ............................... 1,061 45,024 d 6.084 36,358 40,000


* Report of receiver or receivers.
*e Report of trustee or trustees.
SDeficit or other reverse items.


/ Includes Atchison, Topeka & Santa Pe Ry., Gulf, Colorsd & Santa Pa By., and Panhandle & Santa Fe Ry.
b Data not included in totals. Includes Southern Pacific Company, Texas and New Orleans R. R. Co., and leased lines.
P U. S. GOVERNMENT PRINTING OFFICE : 1954 0 270320







Subject to revision


-- 0

LA. c .
?'| ;* a: *


UNIVERSITY OF FLORIDA

3 1262 08851 3725 BURAU O TRANSORTINTERSTATE COMMERCE COMMISSION
3 1262 08851 3725 BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


Statement No. M-125
FEBRUARY 1954


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

Compiled from 126 reports (Form IBS) representing 130 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


UNITED STATES EASTERN DISTRICT POCAHONTAS REGION
Income Items For the month of February For the two months of For the month of February For the two months of For the month of February For the two months of

11954 1953 954 1953 1954 1953 1954 1953 1954 1953 1954 1953

1. Net railway operating income ...................... $44417 863 $77797464 $76 991961 $157866 617 $9235 343 $26 581 213 $16670668 $52 527819 $4 757 694 $5 528026 $10292234 $13049 5g56
2. Other income ...................................... 16 837 693 18 069 560 41 958 556 36163 44C 6111974 6 089 317 13007105 12 199 830 362 72C 562 531 880 561 1303 2 59
3. Total income ................................. 61 255 576 95 867 024 118950 517 194 030 257 15 347 317 32 670 530 219677773 64727649 5 120414 6 090 557 11172 795 14 352 815
4. Miscellaneous deductions from Income............... 3419 100 3813937 7130343 8043004 966 6 0 1011772 1895194 2108415 3254?8 488277 661802 968728
5. Income available for fixed charges ........... 57836476 92053087 111820174 185987253 14380457 31658757 27782579 62619234 4794966 56C228C 10510993 13364087
6. Fixed charges:
6-01. Rent for leased roads and equipment ....... 6040863 6 100450 12134646 12321202 5073 716 5139 181 10202083 10407165 6865 6 33 16161 15266
6-02. Interest deductions I/ .................... 27 232 960 26 981 597 54472111 54043849 11654541 11695 823 23298198 23405163 1396161 1401631 2799772 2781353
6-03. Arortization of discount on funded debt ... 226 478 228 976 454333 468424 73495 69 714 147294 144554 13 713 13 781 27525 29031
6-04. Total fixed charges .................. 33500321 33 311023 67061090 66833475 16801752 16904718 33647575 33956882 1416739 1 422045 2843458 282565C
7. Income after fixed chsrees ................... 24336 155 58742064 44759084 119153778 d2421295 14754039 d 5864996 28662352 3378247 4180235 7667535 10538437
8. Other Deductions ................................. 2791 094 2 800 627 5 620 351 5 622 967 4 1428 8e4 2 897 49 2876 435 6 606 8 693 13 212 17386
9. Net Income ................................... 21 545 061 55 E41 437 39 138733 113 530 811 d 3 846 4 21 13 325 155 d 8 762 845 25765 917 3371 641 4 171 542 7 654 323 10 521 051
10. Depreciation (Way and structures and Equimecnt) ... 43638545 40593 960 86781029 81385536 16085185 15047471 32203119 30411496 3195178 3040 552 6382039 6062264
11. Federal Income taxes .............................. 19254 342 44 393072 38 522251 93204 302 2833669 7 877 625 5954377 17182 207 652 852 2 244 512 P 287 529 6806 965
12 Dividend approorlations:
12-01. On commonstock................................ 27021222 25101575 42702923 38779943 2845071 1074380 4394341 24522'79. 5001237 5001237 10892576 10879764
12-02. On preferred stock......................... 19522440 18893363 28987724 26134255 2691552 1697698 5544924 4552500 1417C9 151859
Ratio of income to fixed charges (Item 5+6-04) 1.73 2.76 1.67 2.78 .86 .87 .83 1.84 3.38 3.94 3.70 4.73

EASTERN DISTRICT I
INPO CAH REG SOUTHERN REGION WESTERN DISTRICT
POCAHONTAS REGION
Income Items For the month of February For the two months of For the month of February For the two months of For the month of February For the two months of

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953

1. Net railway operating income ..................... $13 99 037 32 109239 $26 962902 $65577375 $12 105 857 15619 695 $25070090 $31405275 $18318909 $30 068 530 $24 958 96 9 $60 84 167
2. Other Income ...................................... 6 474694 6651848 13887666 13503 089 1151593 1500608 3 268938 3 983367 9211406 9917104 24801952 18676984
3. Total income ................................. 20467 731 38 761087 40850568 79080464 1325745 C 17 120 3 C3 28339028 35388642 27530395 39 985 634 49760 921 79561151
4.Miscollaneousdeductions fromincome.............. 1292 288 1500050 2556996 3097143 155 552 672 776 557634 1534 987 197126 0 1 641111 4015713 3410874
5. Income available for fixed charges ........... 19175443 37261037 38293572 75983321 13101896 16447527 27781394 33853655 25559135 38344523 45745208 76150277
6. Fixed charges:
6-01. Rent for leased roads and equipment ....... 5080581 5145814 10218244 10422431 794934 785 087 1583199 1559894 165348 169549 333203 338 77
6-02. Interest deduction. / .................. 13 050702 13097454 2609797 0 26186516 4050362 3 979212 8209451 7995666 10131916 9904931 20164690 19861667
6-03. Amortization of discount on funded debt ... 87208 83495 174 819 173585 19188 27838 39 905 54 919 120082 117643 239609 239I92
6-04 Total fixed chargees.................. 18218491 18326763 36491033 36782532 4864464 4792137 9832555 9610479 10417346 1019 123 20737502 20440464
7. Incomeafterfixedcharges.................... .. 956952 18934274 1802539 39200789 8237414 11655390 17948839 24243176 15141789 28152400 25007706 55709813
8.Other Deductions................................... 1431732 1437577 2911061 2893821 264771 241673 518828 48335C 1094591 1121377 2 190462 2245796
9. Net income ................................... d 474 780 17 496 697 d 1 108522 36306968 7 972643 11 413 717 17430011 23759 826 14047 196 27031023 22 817 244 53464 017
10. Depreciation (Way and structures and Equipment) ... 19280363 18088023 38585158 36473760 644390 5831715 12491217 11625524 17914282 16674 222 35 704654 33286252
11. Federal income taxes .............................. 3486 521 10122 137 8241906 23989172 5723119 10C23 336 10759246 19985062 10044702 24247 599 19 521 O 9 49 230 068
12. Dividend appropriation:
12-01. On common stock .......................... 7846 308 6075617 15286917 13332043 :885731 2 463468 9730149 8488736 1789186 165624.90 17685857 16959164
12-02. On preferred stock ....................... 2691552 1697698 5686633 4704359 718818 3429076 1908117 16 ,30888 16476847 19872 015 19521779
Ratio of income to fixed charges (Item 5+6-04) 1.05 2.03 1.05 2.07 2.69 3.43 2.83 3.52 2.45 3.76 2.21 3.73


UNITED STATES UNITED STATES
Selected Expenditure and Asset Items Balance at the end of February Selected Liability Items Balance at the nd of February ANALYSIS OF NET ICOM--ALL CLASS I RAILWAYS
Balance at t ena of February B IBalance at the end of February
1954 1953 1954 1953
Reports showing Reports showing
17. Expenditures (gross for additions and betterments- 5983396 11 40. Funded debt maturing within 6 months 2............. $213,851,915 159,751,723 Period Net Income Net Deficit
Road $45,983,396 49,251,190 ...............
18. Expenditures (gross) for additions and betterments- 41. Loans and bills payable / 14,087,500 2,437,972 Number Amount Number Amount
Equipment 115,002,481 136,316,691 42. Traffic and car-service balances-Cr.. ... 105,202,741 117,844,202
19. Investment in stocks, bondsetc other than those 46 619. Audited accounts and wages payable .. 542,501,231 540,717,599 February .. 1954 84 $38,038,286 38 $16,493,225
of affiliated companies (Total. Account 707) 417,413,199 4 ,619,448 Miscellaneous accounts payable 203,805,385 203,393,361 February., 1953 98 61,324,588 24 5,383,151
20. Other unadjusted debits 89,931,640 84,197,311 Interest matured unpaid 31,196,669 29,926,599 2 months .. 1954 80 76,051,802 42 36,913,069
21. Cash 814,706,509 00166680 46. Dividends matured unpaid ..11,916,489 10,425,259 2 months ** 1953 99 123,134,237 23 9,603,426
21. Cash 8,70,509 1,001,66,380 47. Unmatured interest accrued ............91,850,112 96,5186,b51
22. Temporary cash investments 958,443,539 1,063,008'9 4g. Unmatured dividends declared 68,084,509 65,382,013
23. Specialdeposits 94,152,310 93,736,39 49 Accrued accounts payable 215,203,882 219,267,284
24. Loans and bills receivable ... 17,934,871 1,091,933 50. Taxes accrued ,-. 869,171,388 1,011,947,076
25. Traffic and car-service balances-Dr. 52,420,123 58,634,068 51. Other current liabilities 87,885,570 98,483,068
26. Net balance receivable from agents and conductors 162,236,277 178,933,838
27. Miscellaneous accounts receivable 352,800,556 876,374,020 52. Total current liabilities (items 41 to 51) 2,240,905,476 2,396,343,084 Excludes 4 roads hose net income (or deficit was
28. Materials and supplies. -........... 860,924,766 850,266,969 absorbed by the controlllz co pany.
29. Interest and dividends receivable .. ....... 22,773,371 18,406,888 53. Analysis of taxes accrued:
30. Accrued accounts receivable 208,903,958 208,294,062 53-01. U. S. Government taxes .......................... 708,576,784 841,528,251
31. Other current assets 35,023,307 41,913,669 53-02. Other than U. S. Government taxes.. 160,594,604 170,618,825
2. Total current assets (items to ) 3580319587 9227.211 54. Other unadjusted credits. ......-...-- ... .- ... 250,435,904 252,958,224
32. Total current assets (items 21 to 31) 3,580,319,587 3,892,327,211


d Decrease, deficit, or other reverse item.
y/ Represents accruals, including the amount in default.


2/ Includes payments of principal of long-term debt (other than
- long-term debt In default) which becomes due within six months
after close of month of report.
i/ Includes obligations which mature not more than one year after
date of issue.









INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR TEN TWO MONTHS IZDXD FTBRUAE 1954 AND 1953


NET RAILWAT OPERATING FEDERAL INCOME DIVIDEND SET RAILWAY OPERATING FEDERAL INCOME DIVIDEND
INCOME NET INCOME TAXES APPROPRIATIONS INCOM INCO T INCOME TAS APPROPRIATIONS
Region and railway Region and railway

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


United States Total ................. $76,991,961 $157,866,817 $39,138,733 $113,530,811 $38,522,251 $93,204,302 71,690.647 $64,914,198 Southern Reagon Continued

Eastern District Total .............. 16,670,668 52,527,819 d 8.762.845 25,785,917 5,954,377 17,182,207 9,939,265 7,004,779 Olinchfield ............................ $761,204 $1,621,865 $221,871 $162,910 -
Columbus and Greenville ................ 13,111 44,886 $18,426 $48,508 15,600 46,700 $24,375 $24,375
Eastern District Inal. Pocahontas Florida East Coast*- ................... 878,180 1,155,918 123,470 426,380 150,000 470,000 -
Region Total ..................... 26,962,902 65,577,375 d 1.108,522 36,306,968 8.241,906 23,989,172 20.973,550 18,036,402 Georgia R. R. Lessee Organization .... 46,269 210,536 -
Georgia & Florida* ..................... d 27,830 16,523 d 199,604d 144354- -
New England Ragion Total ............ 889,366 3,309,024 d 1,319,584 1,070,738 484,745 1,082,388 2,263,224 1,248,020 Georgia Southern and Florida ........... d 111,782 150,246 d 153.673 98,748 110,000 _
Oulf, Mobile and Ohio .................. 1,360,593 1,826,517 944,746 1,417,903 551,000 1,248,000 1,625,831
Bangor and Aroostook .................. 495,708 534,425 282,142 383,287 218,584 417,779 47,850 47,850 Illinois Central ....................... 3,631,341 4,521,863 2,365,202 3,183,116 2,183,000 3,284,000 2,816,191 2,476,696
Boston & Maine ........................ 577.839 561,560 1207.937 d 78.998 52,942 53,078 721,276 Louisville and Nashville ............... 4,328,075 5,189,323 3,199,307 4,622,735 1,178,730 3,377,452 2,340,000 2,340,000
Canadian National Lines in New England d 316.752 d 133,841 d 340,348 d 157.462 Mississippi Central .................... 31,338 42,422 15,022 33,323 1,575 29,051 60,358 60,358
Canadian Pacific Lines in Maine ....... 346,384 299,903 Nashville, Chattanooga & St. Louis ..... 682,894 936,300 492,066 717,337 259,720 533,834 255,984 255,984
Canadian Pacific Lines in Vermont ..... d 115157 d 90.899 New Orleans and Northeastern ........... 327,147 319,464 341,185 333,430 350,000 360,000
Central Vermont ...................... 152,375 79,125 122.975 d 201.829 Norfolk Southern ....................... 78,920 30,647 60,075 9,758 40,000 12,000 163,881 163,880
Maine Central ......................... 338,557 498,067 121,584 313,322 109,219 285,531 20,078 19,883 Seaboard Air Line ...................... 3,939,166 4,347,280 3,453,894 3,850,068 1,337,000 2,150,000
New York Connecting ................... 114,314 210,354 9,912 102,469 Southern ............................... 4,667,755 6,541,489 2,975,072 4,790,249 1,700,000 4,549,000 6,469,152
New York, New Haven and Hartford ...... 521,808 1,349,715 10,017 713,792 104,000 326,000 1,474,020 1,180,287 Tennmesee' Central ...................... 47,626 106,518 d 4,223 62,782 d 6,698
Rutland ............................... d 70,032 615 d L .97 3.843 W- western By. of Alabama ................. 49,758 85,354 48,970 84.397 15,823 55825 -


Great lakes Region Total ............

Ann Arbor .............................
Cambria and Indiana ...................
Delaware and Hudson ...................
Delaware, Lackawanna and Western ......
Detroit and Mackinac .................
Detroit and Toledo Shore Line .........
Brie ..................................
Grand Trunk Western ...................
Lehigh and Hudson River ...............
lehigh and Nev England ................
Lehigh Valley .........................
Monongahela..........................
Montour ..............................
New York Central ......................
New York, Chicago and St. Louis .......
New York, Ontario and Western** .......
New York, Susquehanna and Western .....
Pittsburgh and Lake Erie ..............
Pittsburg & Shawunt ...................
Pittsburgh and West Virginia ..........
Wabash ................................


Central Eastern Region Total ........

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


F -- 4---------------------------


13,348
161,964
232,091
417,792
38,285
191,632
1,143,310
d 11.886
53,185
109,839
d 436.997
d 43.315
100,388
d 3.898.478
1,891,864
d 501.092

1,329,936
116,797
108,488
930.524


142,009
140,909
1,128,760
798,214
58,204
260,999
2,065,130
272,520
59.396
159,886
810,602
d 74,678
93.193
3,785,075
2,732,445
d 340.350
d 66.242
1,596,526
52,345
158,269
1.415.620


d 55.817
112,040

d 170.509
20,336
163,082
d 76.322

30,882
31,893


74,355
527,900
1,851,000


182,884

38,305
417.393


1,884.344


15.248.832


3.147,422


8,442,278


6,460,855


1,266,618

40,000
2.933,253






2,068,484



152,500


4,520,441


844,412

40,000
2,014,410






1,469,119




152,500


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

Northwestern Region Total ............

Chicago and North Western................
Chicago Great Western ..................
Chicago, Milwaukee, St. Paul and Pacific
Chicago, Saint Paul, Minneapolis & Omaha
Doluth, Missabe and Iron Range .........
Duluth, South Shore and Atlantic .......
Duluth, Winnipeg and Pacific ...........
Great Northern .........................
Green Bay & Western ....................
Lake Superior & Ishpeming ..............
Minneapolis & St. Louis ................
Minneapolis, St. Paul & S.S. Marie ....
Northern Pacific .......................
Spokane International ..................
Spokane, Portland and Seattle ..........
Wisconsin Central** ...................


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

Atchison, Topeka and Santa F% a/ .......
Chicago, Burlington & Qoincy ...........
Chicago, Rock Island and Pacific .......
Colorado and Southern ..................
Colorado & Wyoming .....................
Denver and Rio Grande Western ..........
Tort Worth and Denver ..................
Northwestern Pacific ...................
Sacramento Northern**...................
Southern Pacific Co., Incl. Leased Lines
Southern Pacific Transp. System I .....
Toledo, Peoria & Western ...............
Union Pacific Incl. Leased Lines .......
Utah ...................................
Western Pacific ........................


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

Beaumont, Sour Lake & Western** ........
International-Great Northern** .........
Kansas City Southern ...................
Kansas, Oklahoma & Gulf ................
Louisiana & Arkansas ...................
Midland Valley .........................
Missouri-Kaneas-Texas ..................
Missouri-Pacific** ....................
New Orleans, Texas & Mexico** ..........
Oklahoma City-Ada-Atoka ..........******.....
St. Louis, Brownsville and Mexico** ....
St. Louis-San Francisco ................
St. Louis, San Francisco and Texas .....
St. Louis Southwestern .................
San Antonio, Uvalde & Gulf** ............
Texas and New Orleans .................
Texas and Northern ......................
Texas and Pacific ......................
Texas Mexican ..........................


24.958,969

d 10.378.717

d 1.542.231
599,483
d 403,612
d 427.962
d 3.777.096
d 19,108
d 48,750
d 2.322,696
67,211
d 282.531
220,007
d 916.884
d 1.989.312
62,321
545,436
d 142.993


24,708,377

7,455,130
4,755,860
2,516,186
164,793
82,424
1,983,483
430,506
d 192,992
421
4,389,522
5,890,762
153,780
2,455,042
d 55.508
569,730

10.629.309


275,420
442,095
1,156,071
163,246
863,189
19,586
780,978
2,424,536
263,158
66,889
468,338
1,374,902
59,172
d 506.507
d 142.455
1,501,240
31,148
1,370,553
17,750


60,884,167


22,817,244


53,464.017 19.521.099


2,456,813 d 13.353.285 d 2,202.4


429,068
174,160
2,749,670
d 155.569
d 3.265.748
59,644
d 69.344
332,892
91,369
244.264
266,378
d 666.309
1,482,320
70,073
825,303
377.170


39,692,496

13,250,019
5,313,028
4,845,218
323,237
107,727
2,291,684
547,464
d 203.337
439,350
8,130,260
10,727,272
192,479
3,253,845
d 24.210
1,225,732

18.734.858


338,794
560,229
1,509,796
256,023
875,840
25,857
1,603,321
4,185,806
406,246
4,819
344,789
1,973,442
96,707
1,896,025
d 135,173
2,597,013
58,508
2,056,981
79,835


422,816
d 1,556,603
d 825,272
d 3,873,142
d 36.838
d 120,631
d 1.657.299
85,259
d 284.759
228,632
d 908.634
d 1,991.032
36,097
d 15.017
d 447.345


d 376.431
18,444
1,578,321
d 559.246
1 3.356.080
14,671
d 140,070
594.839
111,446


d 669.925
114,649
45,367
285,586
94,423


320,.685

238,000





61,127

16,558


5,000


28,133,468 43,057,598 13,730,296


6,747,963
3,866,359
2,170,978
165,653
75,666
1,443,051
280,942
d 189.035
d 126.190
4,472,777
5,691,073
146,174
8,717,017
d 56,601
418,714


12,452,291
4,486,816
4,450,612
321,838
100;274
1,762,241
405,098
d 199.927
311,854
8,197,968
10,482,986
185,554
9,505,401
d 24,111
1,101,689


8.037,061 1 12.608.843


305,418
4,710
859,990
145,714
765,048
28,770
233,013
d 177.452
d 168.712
68,374
343,676
595,645
55,977
2,898,754
d 176,492
1,198,296
31,128
1,024,984
220


359.943
136,438
1,215,603
237,286
787,898
30,089
1,093,133
1.570,440
d 11.153
5,653
230,492
1,167,089
95,899
1,806,730
d 170.239
2,265,018
58,362
1,671,059
59.103


4,513,000
2,660,200
651,000
22,674
40,400
1,157,800
115,272



781,238
156,450
4,300,000

113,500

5,470,118


42,000

820,000
118,754
445,000
23,539
d 193246


55 942
33,000
28,000
51,000
2,831,891

781,238
31,300
400,000
1,700


49.230,068 37.557.872


1,814,234


143,000
1,093,000




98,073

196,235
298

34,600
250,000
-I


13,890,014

3,015,880

5,593,255



3,041,127
125,000
74,970
180,000

1,859,782


36,480,943

13,743,154

2,970,185

5,593,255



3,044,932
125,000
150,000

1,859,782


35,681,163 16,677,415 j 16,708,394


12,429,000
4,170,600
3,014,000
269,083
120,400
1,755,000
347,122


6,126,739
8,725,185
202,719
6,200,000

1,046,500


11.734,671


220,000
17,000
1,478,000
236,716
624,500
2,000
891,000
450,000

5,653
147,000
803,741
128,000
2,708,315

2,598,446
56,300
1,303,000
65,000


110,000
1,837,263


6,785,341
6,785,341

7,548,137

396,674

6.990,443


974,399


833,756



4,188,103

994,185


1,978,242



6,785.341
6,785,341

7,548,137

396,674

6.029.395


846,999







4,188,211

994,185


a/ Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa e BRy.
j Data not included in totals. Includes Southern Pacific Company, Texas and New Orleans R. R. Co., and leased lines.

U. S. GOVERNMENT PRINTING OFFICE : 1954 0 270320 10


82,056
96,039
220,000
383,977
46,077
243,945
1,411,105

39,016
103,015
276,400

71,987
667,932
2,831,500


807,104

126,885
1.035.240


. + .4. -- F-.!


23,714,869 d 9.327,605


9,466,347


2,322,210


7,657,541


1,215,186


. ... ... .+. .. I. 4


38,982
1,901,219
d 41,574
d 49.323Q
259,905
d 172.014
196,313
572,741
d 2.920.651
d 43.437
d 1.914.884
82,102
4 8.386.887
d 1.100.602
1,633,690
4 196.989
813. 804


141,554
3.398,173
d 69,906
d 73,002
379,572
16,739
181,784
408,211
754,669
19,053
d 1,440,689
172,254
3,847,565
d 1.003.227
1,787,920
d 201,831
1.147.508


718
72,000

2,578
d 22.000
d 6,401
112,000
363,939
d 51,800

6,000
486,000
124,674
770,202

464.300


111,611
1,053,020

2,534
109,400
8,585
116,000
326,442
1,232,154
11,000

188,000
1,985,000
124,674
1,301,421

1.087,700


86,168




429,642






699,376


1,236,318


107,323




429,642






699,353


Pocahontas Region Total ............. 10,292,234 13,049,556 7,654,323 10,521,051 2,287,529 6,806,965 11,034,285 11,031,623

Atlantic and Danville .................. 3.577 21,640 d 8.930 4,193 444 1,334 -
Chesapeake and Ohio .................... 6,646,599 8,317,752 4,405,707 6,103,402 300,000 2,680,000 6,033,048 6,030,386
Norfolk and Western .................... 2,067,129 2,968,875 1,987,066 2,965,114 975,000 2,525,000 4,219,449 4,219,449
Richmond, Fredericksburg and Potomac .. 509,299 576,866 534,293 592,501 385,000 712,77 -4
Virginian ............................. 1,065,630 1,164,423 736,187 855.841 627,085 887,884 781,788 781,788


Southern Rerion Total ...............

Alabama Great Southern ................
Atlanta & Saint Andrewse Bay ...........
Atlanta and West Point ...............
Atlantic Coast Line ...................
Central of Georgia ...................
Charleston & Western Carolina .........
Cincinnati, New Orleans & Texas Pacific


17.430.011


369,365
112,809
d 1.36
2,271,661
209,863
61,738
726,009


23.759.826


370,373
107,877
47,110
2,275,492
428,404
97,o044
899,146


10,759.246


90,000
119,927

1,900,000

45,000
600,000


19.985.062


320,000
167.896
20,001
1,800,000
255,091
80,000
960,000


13.159.225


1,029,284


10,396,853


2,400,000

1,029,284


20,445


Page 2


11.207.837


38,833
161,443
549,144
1,115,890
39,146
202,388
2,127,692
614, 287
50,560
140,613
233,886
35,535
105,427
138,558
2,693,270
d 257.127
2,831
1,512,253
155,819
186,561
1.360.528,


25.503.926


172,618
144,947
1,459,395
1,544,668
61,142
272,163
3,223,789
907,371
59,477
186,956
1,518,643
717
99,982
8,177,360
3,477,791
d 94.946
31,733
2,045,680
79,468
236,144
1.898.828


4.573.65


54,408
5,080,020
3,166
573,180
538,427
d 151.214
328,963
642,910
d 2.882.842
53,664
d 1.514.596
75,584
d 750.887
d 940.452
2,352,479
d 110,116
1 220.771


155,544
6,874,927
d 35,344
506,788
654,270
39,962
315,063
451,349
790,547
114,752
d 918.233
166,674
11,495,165
d 851.227
2,480,116
d 113,062
1. 587 578


25,070,090


409,640
111,433
d 16.008
2,285,861
471,627
125,873
977,899


31.405.275


411,549
105,122
35,362
1,733,081
626,990
165,938
1,180,082


* Report of receiver or receivers.
** Report of trustee or trustees.
d Deficit or other reverse item.


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S C I ,4J5 n
Subject /' rev""on


UNIVERsITY OF FLORIDA

3 1i262 081 3 11111 INTERSTATE COMMERCE COMMISSION
3 1262 08851 3576 BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

Compiled from 126 reports (Form IBS) representing 130 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


Statement No. M-125
MARCH 1954


UNITED STATES EASTERN DISTRICT POCAHONTAS REGION JUL
Income Items For the month of March For the three months of For the month of March For the three months of For the month of March For the three *6-sa of
1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1054 )P3 3

1. Net railway operating Income ...................... $69628460 $93 564308$146620420 $51444 1 2 5 $17737667 $30945965 $34408335 $83486785 $5526985 $6 384250 1581921 9 9 4 6
9. Other income ................................... ... 19 137 767 18933542 61096 323 55096 984 7 999 343 6176 010 21006448 18375 84C 440993 428677 1321554 173 6
3. Total Income".................................. 88766227 112 497 850 207716743 306 541 109 25 737 010 37121975 55 414 783 101862625 5967978 6812927 17 140773 21165 7
4. Miscellaneous deductions from Income .....3592068 4117178 10722412 12160181 993800 1233073 2888994 3341488 366284 433432 1028086 1422160
5. Income available for fixed chargeso........... 85174159 108380672 196994331 294380926 k4743210 35888902 52525789 98521137 5601694 6379495 16112687 19743582
6. Fixed charges:
6-01. Rent for leased roads and equipmnt....... 6147428 6229920 18282072 18551121 5084119 5166878 15286201 15574042 7 300 6451 23461 21717
6-02.Interest deductions l/..7...........187742 27127182 81659851 81171033 11630433 11787460 34928630 35192623 1392162 1394088 4191934 4175441
6-03. Arortization of discount on funded debt .. 233 870 249 836 688 204 718 260 73 686 79 223 220 981 223 778 13 712 13 968 41 237 42 999
6-04. Total fixed charges.......... 33569040 33606938 100630127 100440414 16788238 17033561 50435812 50990443 1413174 1414507 4256632 4240157
7. Income after fixed chores ..... ............... 51605119 74773734 96 364204 193 940514 7954972 18855341 2089977 47530694 4188520 4964988 11856055 15503425
8. Other Deductlons ................................. 2741452 2782051 8361803 8405018 1366613 1423329 4264462 4299764 6606 8 693 19818 26079
9. Net income .......................... ........ 48 863 667 71 991 683 88 002 401 165 535496 6 588 359 17 432 012 d 2 174 485 43 230 930 4 181 914 4 956 295 11 836 237 15 477346
10. Depreciation (Way and structures and Equlomcnt) ... 43688049 41020655 130519839 122406191 16160212 15651 674 48414093 46063170 3203717 3052 869 9 585756 9115133
11. Federal income taxes .............................. ..29973399 57 316984 68495650 150508286 2835960 10175 838 8790 337 27345045 1389 549 3151330 3677078 9958295
12 Dividend appropriations:
12-01.On commonstock.......................... 19425011 27898116 62127934 66678059 2696834 12225569 7091175 14677848 310639 315237 11203215 11195001
12-02. On referred stock ....................... 5 294 224 4508164 34281948 30642 419 2317227 2 316445 7862151 6868945 141709 151859
Ratio of income to fixed charges (Item 5-6-04) 2.54 3.22 1.96 2.93 1.47 2.11 1.04 1.93 3.96 4.51 3. /9 4.66

EASTERNi DISTRICT1i-I
INCLUDING SOUTHERN REGION WESTERN DISTRICT
POCAHONTAS REGION
Income Items For the month of March For the three months of For the month of March For the three months of For the month of March For the three months of

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953

1. Net railway operating Income ...................... $23264 652 437 330 215 $50227 554 $102 920591 $15 436 020 $18 834 862 $40506110 $0240137 $30 927 788 $37 399 231 555886 756 398283 397
2. Other income ...................................8... 440 336 6 604 687 22 328 002 20107776 1360289 1721 762 4 629 227 5705 129 9 337 142 10 607 093 34 139 094 29284 079
3. Total Income .................................. 31704 988 43 934 902 72 555 556 123 028 367 16 796 309 20 556 624 45 135 337 55 945 266 40 264 930 48 006 324 90025 850 127 567476
4. Miscellaneous deductions from income............... 1360084 1666 505 3917080 4763648 260909 656 205 818543 2191192 1971075 1794468 5986789 5205341
5. Income available for fixed charges ............ 30344904 42 268397 68638476 118 264 719 16535400 19900419 44316794 53754074 38293855 46 211 856 84 039 061 122 362 135
6. Fixed charges:
6-01. Rent for leased roads and equipment ....... 5091419 5173329 15309662 15595759 892159 882222 2475358 2442116 163850 174369 497052 513246
6-02. Interest deductions / .................... 13022 595 13181548 39120564 39368064 4098635 4025 322 12308086 12020988 10066 b12 9920 312 30231201 29781981
6-03. Amortization of discount on funded debt ... 87 398 93 191 262 218 266 777 19 039 27 753 58 944 82 672 127 433 128 892 367 042 368 811
6-04 Total fixed charges .................... 18 201 412 18 448068 54692 444 55230600 5009 833 4 935 297 14842388 14545776 10357795 10223573 31095295 30664038
7. Income after fixed charges ................... 12143492 23820329 13946032 63034119 11 525 567 14965122 29474406 39208298 27936 060 35988283 52943766 91698 097
8. Other Deductions ................................... 1 373 219 1 432 022 4 284 280 4 325 843 264 710 241 652 783 538 725 002 1 103 523 1 108 377 3 293 985 3 354 173
9. Net income ................................. 10 770273 22 388 307 9 661752 58 708 276 11 260 857 14 723 470 28 690 868 38483 296 26 832 537 34 879 906 49 649 781 88 343 924
10. Depreciation (Way and structures and Equipment) ... 19363929 18704543 57999849 55178303 6292203 5575305 18783419 17200829 18031917 16740807 53736571 50027059
11. Federal income taxes .............................. 4 225 509 13 327 168 12467 415 37 303 340 8 828 313 13055 119 19587559 33 040181 16919 577 30 934 697 36 440676 80164765
12. Dividend appropriations:
12-01. On common stock ........................... 3007 473 12 540 806 18 294 390 25872 849 2 299 239 1445 835 12029 388 9934571 14118 299 13 911 475 31804156 30870639
12-02. On preferred stock ........................ 2317227 2 316445 8003860 7 020 804 1709 305 14 108 5138381 1922225 1267 692 2 177 611 21139707 21 699 390
Ratio of Income to fixed charges (Item 5+6-04) 1.67 2.29 1.25 2.14 3.30 4.03 2.99 3.70 3.70 4.52 2.70 3.99


UNITED STATES UNITED STATES
Selected Expenditure and Asset Items Balance st the end of March Selected Liability Items Balance at the end f March ANALYSIS OF NET INCOME--ALL CLASS I RAILWAYS *
Balance at the en of March Balance at the end of March

1954 1953 1954 1953
Reported showing Reports showing
17. Expenditures grossi for additions and betterments- 40. Funded debt maturing within 6 months 2/ _...... ..... 200,666,030 P159,083,661 Period Net Income Net Deficit
Road $72,632,718 979,643,750 Fd db nt g
18. Expenditures (gross) for additions and betterments- 41. Loans and bills payable / ... 39,954,167 1,366,667 Number Amount Number Amount
Equipment 167,460,373 220,066,347 42. Traffic and car-service balances-Cr.. 86,917,356 98,245,685
19. Investments in stocks, bonds, etc., other than those 43. Audited accounts and wages payable.. 454,954,977 506,876,802 March .....1954 90 7,368,269 23 .8,5n4,602
of affiliated companies (Total, Account 707) 418,554,571 463,562,333 Miscellaneous accounts payable 194,021,430 208,415,127 March .....1953 104 76,761,429 18 4,769,746
20. Other unadjusted debits 87,917,102 83,489,819 45. Interest matured unpaid 60,738,436 61,843,857 3 months ..1954 84 125,98U,489 37 37,982,088
Se 4. Dividends matured unpaid ....... 25,245,h41 21,581,613 3 months .1953 102 199,509,063 20 13,973,567
21. Cash 719,959,764 872,813,786 7-. Unmatured interest accrued ...72,252,004 78,123,570
22. Temporary cash investments 783,798,045 946,763,352 i. Unmatured dividends declared .. 25,551,813 34,361,987
23. Special deposits .. ........ 0456026 116,691,283 49. Accrued accounts payable 219,772,131 242,737,572
2. Loans and bills receivable ... ........ ,99,6 251,358 50. Taxes accrued- 673,050,550 836,360,040
25. Traffic and car-service balances-Dr. .. ... 65,212,614 68,115,061 51. Other current liabilities 87,569,149 114,186,012
25. Net balance receivable from agents and conductors 143,131,176 170,113,459 Excludes 4 roads whose net income (or deficit) was absorbed
27. Miscellaneous accounts receivable 342,011,033 374,183,784 52. Total current liabilities (items 41 to 51 ) 1,940,027,454 2,204,098,932 by the controlling company. The 3 months of 1954 excludes
28. Materials and supplies ........ 864,384,052 853,467,177 an additional road which reported no net income
29. Interest and dividends receivable .. ...... 18,232,484 16,469,719 53. Analysis of taxes accrued: (or deficit) for this period.
30. Accrued accounts receivable 198,109,601 212,240,187 53-01. U. S. Government taxes.... ... .... 504,326,718 656,118,971
31. Other current assets 30,949,123 38,093,221 53-02. Other than U. S. Government taxes ..-... .. 168,723,832 180,241,069
32. Total current assets (items 21 to 31) 3,278,238,567 3,670,202,387 54. Other unadjusted credits -----....... 246,881,246 254,491,608


d Decrease, deficit, or other reverse item.
Y/ Represents accruals, including the amount in default.


2/ Includes payments of principal of long-term debt (other than
long-term debt in default) which becomes due within six months
after close of month of report.
3/ Includes obligations which mature not more than one year after
date of issus.


fLO




6 1954


c?









INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
B THE THEB MONTHS IHDE MARCH 1954 AID 1953


Eastern Ditrict Total ............. 34.408,335 83.486.785 d 2,174,485 43,230,930 8,790,337 27,345,045 14,953,326 21,546.793

Eastern District Incl. Pocahontas
Region Total .................... 50,227.554 102,920,591 9,661.752 58.708,276 12,467,415 37,303.340 26,298,250 32,893,653

New England Region Total ........... 2,025,790 5,422,560 d 1.199.093 1,927,846 939.813 1,945,073 2.263,224 1,248,020

Bangor and Aroostook .................. 865.884 818,576 546,108 586,042 460,994 553.589 47,850 47,850
Boston and Maine ..................... d 389.406 1.091,836 d 1.330.493 125,442 79,309 303,655 721,276 -
Canadian National Lines in New England d 463.761 d 316.575 d__499960 d 352.525 -
Canadian Pacific Lines in Maine ...... 497,035 569,657 -
Canadian Pacific Lines in Vermont .... d 209.997 d 178.580 -
Central Vermont ...................... 154,857 150,501 d 257.528 d 269.852 -
Maine Central ........................ 643,773 762,665 322,275 475,172 275.510 455,829 20,078 19,883
New York Connecting ................... 180,658 334,794 19,985 169,773 -
New York, New Haven and Hartford ..... 843,560 2,190,003 100,237 1,200,6853 124,000 632,000 1,474,020 1,180,287
Rutland .............................. d 96,813 d 317 d 99.717 d 7.059 -

Great lakes Region Total ............ 21.622.871 40,471.561 9,285,371 25,371,440 4,294,489 13,455,411 9,755,181 7.366,006

Ann Arbor ............................ 97,461 269,289 56,917 222,393 d 39,223 142,420 -
Cambria and Indiana ................... 233,322 228,236 235,110 215,580 158,060 150,056 60.000 60,000
Delaware and Hudson .................. 1,356,392 2,219,480 875,078 1,715,831 350,000 -
Delaware, Lackawanna and Western ..... 1,493,623 2,299,744 730,841 1,452,021 d 373,328 654.967 1,266,618 844,412
Detroit and Mackinac ................. 64,572 88.246 66.504 87,843 39.922 65,481 -
Detroit and Toledo Shore Line ........ 304,946 416,070 288,924 399,890 246,224 367,430 60,000 60,000
Erie ................................. 3.277,212 5,040,511 1,741,962 3,316,417 d 139.022 2,344,716 2,933,253 2,014,410
Grand Trunk Western ................. 804,211 1,873,676 d 169.548 884,513 950 -
Lehigh and Hudson River .............. 81,219 98,531 85,202 99,407 51,539 69,619 70,455 70,455
Lehigh and New England ................ 244.345 268,282 197,428 227,308 88.959 148,179 -
Lehigh Valley ......................... 901.913 2,309,477 d 50.290 1,279,897 371.900 448,761 -
Monongahela ........................... 36,498 12,737 d 84.214 d 101,584 -
Montour ............................... 149,463 136,126 142,081 124,947 99,949 97,.438 -
New York Central ..................... 4,071,294 12,783,643 d 473.788 6,253,914 488,900 1,005,448 -
New York, Chicago and St. Louis ...... 3,926,961 5,446,130 2,698.192 4,338,931 2,710,500 4,491,000 2,068,484 1,469,119
New York, Ontario and Western** ...... d 387.536 d 88,130 d 753.474 d 456.985 -
New York, Susquehanna and Western .... d 3.828 125,787 d 56.486 d 25.825 -
Pittsburgh and Lake Erie .............. 2,312,134 3,133,719 1,958,025 2.407,594 270,893 1,161,285 1,295,475 1.295,475
Pittsburg & Shawmut .................. 213,475 152,165 155,080 111,538 -
Pittsburgn and West Virginia ......... 252,474 356,805 137.498 237,469 13,342 190,579 152.500 152,500
Wabash ............................... 2,192.720 3,301.037 1,504.329 2.580.341 677,774 1,843.943 1.399,635 1.399.635

Central Eastern Region Total ....... 10.759,674 37.592,664 dl0.260,763 15,931.644 3,556,035 11,944.561 2,934,921 12,932,767

Akron, Canton and Youngstown ......... 83,036 241,170 55,897 218,453 16,911 175,085 86,168 107,323
Baltimore and Ohio ................... 7,745,340 10,665,689 2,757,922 5.313,274 109,855 1,807,404 -
Bessemer and Lake Erie ............... d 229.118 495.453 d 297.872 440,617 149,988 149,988
Central R. R. Co. of New Jersey ...... 842.320 856,321 d 40.029 19,392 3.824 4,280 -
Chicago & Eastern Illinois ........... 842,020 1,063,920 422.485 646,242 d 6000 244,700 870,413 971,167
Chicago & Illinois Midland ........... d 18.300 132,826 d 48,784 98,958 d 6.401 97,585 -
Chicago, Indianapolis and Louisville 540,633 534,954 340,982 333,836 219,000 242,000 429,642 429,642
Detroit, Toledo and Ironton .......... 930,428 692,505 823,213 621,072 477,104 461,982 -
Elgin, Joliet and Eastern ............ d 3940.177 1,235,528 d 3.988.687 1,173,882 1,871,686
Illinois Terminal ..................... 108,206 216,334 d 36.178 59,398 d 48,500 25,500
Long Island** ........................ d 1,748,271 d 1.301.514 d 2.374.940 d 2.045.794 -
Missouri-Illinois .................... 158,730 238,087 168,691 246,546 74,900 249,000- -
Pennsylvania ......................... .1,478.,406 17,736,311 d 9.975,594 6,103,111 729.000 2,961.000 9,875.816
Pennsylvania-Reading Seashore Lines .. d 1.273.488 d 1,289,985 d 1.513.713 d 1.517.985 187,011 187,011 -
Reading ............................... 3.550,358 3,904,390 2,495,276 2,848,856 1,085,631 2,075,828 1,398.710 1,398,831
Staten Island Rapid Transit .......... d 157,.335 d 175.848 d 288.525 d 307.316 -
Western Maryland ..................... 1,846,886 2.346.523 1,239,093 1,679,102 713,700 1,541.500 -

Pocahontas Region Total ............ 15,819,219 19,433,806 11,836,237 15.477.346 3,677.078 9.958,295 11,344.924 11,346,860

Atlantic and Danville ................ 17,067 41,651 d 2.063 14,856 666 2,001 -
Chesapeake and Ohio ................... 9,881,572 12,289,203 6,481,256 8,887,555 300,000 3,830,000 6,033,655 6,035,591
Norfolk and Western ................... 3,461,815 4,452,322 3.358.010 4,394,117 1,825,000 3,675,000 4,219,449 4,219,449
Hichmond, Fredericksburg and Potomac 850,871 893,262 889,936 893,010 604,912 1,115,150 310,032 310,032
Virginian ............................. 1,607,894 1.757,368 1,109,098 1,287,808 946,500 1,336.144 781,788 781,788


20,255,165


8,592.503


Page 2


mT RAILWAY OPERATING TED EAL INCOME DIVIDEND INT RAILWAT OPERATING ED BAI. INCOME DIVIDEND
INCOME T INCOME TAXIS APPROPRIATIONS INCOC ON INIRE TAXES APPROPRIATIONS
Region and rally Region and railvay________ _________ ________ ____
1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


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


$146,620,420 $251,444,125 $88,002,401 $185.535,496 $68,495,650 $150,508,286 $96,409,882


$97,320,478


12.942,863


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

Alabama Great Southern ...............
Atlanta & Saint Andrews Bay ..........
Atlanta and West Point ...............
Atlantic Coast Line ..................
Central of Georgia ...................
Charleston & Western Carolina ........
Cincinnati, New Orleans & TexasPacific


28,690,868


617,727
170,515
27,152
3.498,713
569,828
106,637
1,316,341


* Report of receiver or receivers.
" Report of trustee or trustees.
d Deficit or other reverse items.


38,483.296


19,587.559


I. I L. J I


250,000
186,852

3,650,000

75,000
1,340,000


33,040,181


17,167,769


524,712
162,445
78,967
3,529,177
705,870
140,480
1.588,010


450,000
257,738
36,488
3,125.,000
401,091
110,000
1,780,000


419,818

1,033,169
1,705,420


11,856,796


2,400,000

1,033,169

30,668


Southern Region Continued

Clinchfield ............................
Columbus and Greenville ................
Florida East Coast** ..................
Georgia R. R. Lessee Organization ....
Georgia & Florida' .....................
Georgia Southern and florida ...........
Gulf, Mobile and Ohio ..................
Illinois Central ......................
Louisville and Nashville ...............
Mississippi Central ....................
Nashville, Chattanooga & St. Louis .....
New Orleans and Northeastern ...........
Norfolk Southern .......................
Seaboard Air Line ......................
Southern ..............................
Tennessee Central ......................
Western By. of Alabama ................


$1,073,018
40,377
1,545,238
152.590

2,301,026
5,183,281
6.366,161
58,156
1,201,923
475,269
160.534
6,033,130
8,190,479
74.996
101,073


$2,273,180
68,147
1,781,185
373.543
54,695
227,522
3,052,028
6,860,613
8,623,434
78,578
1,553,102
522,175
108,260
6.548.938
10.528.666
168,447
140,902


$46,639
404,249

d 269.474
d 152.158
1,626,464
3.322,350
4.852,225
33,584
900,900
500,525
131,876
5,241.279
5,652,067
d 3.165
96.594


$71.766
668,469

d 187.073
153,764
2,383,968
4,894,127
7,889,720
64,150
1,220,639
542,221
77,908
5,805,182
7,928,747
103,530
136.517


$332,806
49,300
470,000

d 2.500
1,041,000
3,015,000
1,615,395
7,054
551,955
550,000
95,000
2,151,700
4,160,.000

48.997


$244,365
75.700
730,000

190,000
2,129,000
5,049,000
5,910,628
64,516
971,091
600,000
102,000
3,250,000
7,476.000
d---
99-,492


$24.375




2,816,191
2.340,000
60,358
255,984

163,881
1,879,421
6,469,152


$24,375



1,625.831
2,476,696
2.340.000
60.358
255.984

163,880
1,445,835


Western District Total................. 55,886.756 98,283,397 49,649,781 88,343,924 36,440,676 80,164,765 52,943,863 52,570,029

Northwestern Region Total ............ d6.5441 6,495,175 d 12,131.573 d 64.673 779,810 3,639,545 16,441,293 16,340,939

Chicago and North Western .............. d 2,115,278 d 14.857 d 3.420.161 d 1.225.224 3,015,880 2,970,185
Chicago Great Western .................. 986,464 567,952 724,430 329,129 453,000 143,000 228,818 228,818
Chicago, Milwaukee, St. Paul and Pacific 867.190 4.161,668 d 869.975 2,381,010 1.653,000 7,716,468 7,716,468
Chicago, Saint Paul, Minneapolis & 4taha d 650.195 d 556,963 d 1.246.753 d 1.159.195 -
Duluth, Missabe and Iron Range ......... d 5.467.426 d 4.427.046 d 5.598.245 d 4,563844 -
Duluth, South Shore and Atlantic ....... 65,225 159,479 96,065 30,000
Duluth, Winnipeg and Pacific ........... d 120.981 d 2.492 d 228.446 d 107728 -
Great Northern ......................... 307,626 1,699,237 524,584 1,373,444 3,041,127 3,044,932
Green Bay & Western .................... 118,473 143,896 125,852 161,180 97,252 154,684 125,000 125,000
Lake Superior & Ishpeming .............. d 430.748 d 385.786 d 434.587 d 383,812 d 972 74,970 74,970
Minneapolis & St. Louis ................. 495.345 480,965 484.951 476.789 179,558 363.935 180,000 150.000
Minneapolis, St. Paul & S.S. Marie ..... d 848,430 d 612.308 d 839.414 d 619.771 298 -
Northern Pacific ....................... d 792.196 2,935,576 d 1.335.078 2,126,266 550,000 1,859,782 1,859,782
Spokane International ................... 125.269 120,596 86.051 83,208 50,000 55,600 199,248 170,784
Spokane, Portland and Seattle .......... 1,025.765 1,432.707 181,061 613.955 550,000 -
Wisconsin Central** .................... 79.478 792.551 d 285.843 354,405 140,000 -

Central Western Region Total ......... 44,269,228 62,952,178 48,838,491 68,153.432 27,068,363 58,054,087 27,872,347 27,726,159

Atchison, Topeka and Santa Fe a/ ....... 13,648,941 20,938,313 12.495.551 19,649.550 9.518,000 20,309,000 6,067,650 6,067,650
Chicago, Burlington & Qaincy ........... 8,091,314 8,666.543 6,824,682 7,481,654 5,074,300 7,072,200 2,562,581 2,562.580
Chicago. Rock Island and Pacific......... .4,150,897 7.501.803 3,607,978 6,908.561 1,516,000 4,766,000 2,569.579 2.227.535
Colorado and Southern ................... 253,612 550.641 253,379 547,730 36,551 500,433 -
Colorado & Wyoming ..................... 91,264 166,603 81,200 155,325 23,800 168,800 110,000 110.000
Denver and Rio Grande Western .......... 3.149,711 3,421,484 2,333,810 2,630,660 1,554,700 2,618,600 1,778.385 1,978.242
Fort Worth and Denver .................. 686,062 838,216 446,425 609,002 193,084 527,881 -
Northwestern Pacific ................... d 188.145 d 229,951 d 182.196 d 224,249 -
Sacramento Northern** .................. 4,940 448,695 d 186,864 257,068 216.500 -
Southern Pacific. Co., Incl. Leased Lines 8,108,889 12,536,421 8,371,785 13,024,678 873,366 9,263,661 6,785,341 6,785.341
Southern Pacific Transp. System b/ ..... 9,841,395 16,402.437 9,658,794 16,419,494 2,383,965 13.101,966 6,785.341 6,785,341
Toledo. Peoria & Western ................ 237,988 302.754 228,305 288,656 244,480 331,512 54,000 50,000
Union Pacific Incl. Leased Lines ....... 5,112,456 5,819,061 13.855.539 14,990,873 7,800,000 10,500,000 7,548,137 7,548.137
Utah .................................. d 82.022 d 44693 d 84.276 d 44.516 -
Western Pacific ........................ 1,003,321 2,036,288 793,173 1.878,440 234,082 1,779,500 396,674 396,674


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

Beaumont, Sour Lake & Western** ........
International-Great Northern** .........
Kansas City Southern ..................
Kansas, Oklahoma & Gulf ................
Louisiana & Arkansas ...................
Midland Valley .........................
Missouri-Kansas-Texas ..................
Missouri-Pacific** .....................
New Orleans, Texas & Mexico" ..........
Oklahoma City-Ada-Atoka ................
St. Louis, Brownsville and Mexico* ....
St. Louis-San francisoo ...............
St. Louis, San Francisco and Texas .....
St. Louis Southwestern .................
San Antonio, Uvalde &A Gulf .............
Texas and New Orleans. .... ......
Texas and Northern .....................
Texas and Pacific .....................
Texas Mexican ..........................


17.971.947


478,786
687,041
1.818.587
233,374
1,320,403
30.339
1,423,914
4,498,478
364,793
108,143
701.165
2,209,838
127,392
216.579
d 169.075
1,732,506
99,283
2,052,359
38,042


28.836.044


584,292
961,117
2,245.752
381.703
1.411,241
58.843
2,481,858
6,277,871
542,189
17,371
546,279
3,214,.507
133,467
2,893,761
d 220.300
3,866,016
82,703
3,232,998
124,376


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


523.,121
34,603
1.365,907
205,887
1,185.854
71,717
607,567
1,183,841
d 284.988
110,325
512,890
1,023,845
122,643
3.583,244
d 218,582
1,257,009
99,253
1,549,489
9,238


616,872
318,832
1,810,493
352,158
1,273,008
65,637
1,726,181
2.953,904
d 93.713
17,779
366,232
2,020,422
131,443
2,768.995
d 278.967
3.364,816
82,508
2,668,784
89.781


107,000

1,348,000
167,753
700,000
58,677
39,000


90,266
85,000
28,000
67,000
3,410,108

1,510,599

969.000
12,100


18.471,.133


355,000
144,000
2,024,200
351,302
1,109,500
3,000
1,436,000
685,000

17,778
233,000
1,492.741
172,000
4,258,007

3,838,305
99,300
2,152,000
100,000


8,630,223 8.502,931


974,399


833,756



4,188.103

1.853.240


780,.725


I I1___I __ I1 I__-__ _I__I__I 1I LI I__ __ -___ __ -__ __ _iL


F--
846,999



833.756



4,188,211

1,853,240


780,725


a/ Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Te Ry.
b/ Data not included in totals. Includes Southern Pacific Company, Texas and New Orleans R. B. Co., and leased lines.
U. S. GOVERNMENT PRINTING OFFICE : 1954 0 270320 11


40,506,110


678,974
169,014
10,212
3.919,429
965,724
202,132
1,705,051


50,240,137


587,.524
158,249
65.265
3.196.567
1,008,934
243,217
2,016,966








Subject to revision


UNIVERSITY OF FLORIDA


311111111212 0 1111 INTERSTATE COMMERCE COMMISSION
3 1262 08851 3881 BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


Statement No. M-125
APRIL 1954


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

Compiled from 126 reports (Form IBS) representing 130 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


UNITED STATES


EASTERN DISTRICT


POCAHONTAS REGION


For the month of April For the four months of For the month of April For the four months of For the month of April For the four months of


1953


1954 1953


1954


1954


___________________ I. .1 I I I I t 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 / .................
6-03. Arortlzatlon of discount on funded debt...
6-04. Total fixed charges ..... ........
7. Income after fixed charges ...................
8. Other Deductions ..................................
9. Net income ...................................
10. Depreciation (Way and structures and Equipment) ...
11. Federal income taxes ..............................

12 Dividend appropriations:
12-01. On common stock .........................
12-02. On preferred stock .....................
Ratio of income to fixed charges (Item 5+6-04) .


Income Items


Net railway operating income ........... .......
Other income .....................................
Total income ...............................

Miscellaneous deductions from income ..............
Income available for fixed charges ...........
Fixed charges:
6-01. Rent for leased roads and equipment .......
6-02. Interest deductions I ....................
6-03. Amortization of discount on funded debt ...
6-04 Total fixed charges .................
Income after fixed charges ...................
Other Deductions ..................................
Net income ...................................

Depreciation (Way and structures and Equipment) ...
Federal income taxes ...............................

Dividend appropriations:
12-01. On common stock .........................
12-02. On preferred stock .......................
Ratio of income to fixed charges (Item 5-6-04)


$101 509 741
16 351 936
117 861 277

4 070 649
113 790 628

6 148 521
27 289 261
261 392
33 699 174
80 0914 54
2 650 294
77 241 160

41 972 854
56 165 245

6 972 093
2 119 976

3.38


$206 661 673
79 644 202
286 305 875

14 151 432
272 154 443

24 342 801
108 828 834
922176
134 093 e11
138 060 632
11 349 529
126 711 103

174 318 358
90 164 974

74 657 735
36 461 86 5

2.03


$353 248 465
71448 922
424 697 387

16230830
408 466 557

24 699 642
108460295
979 652
134 139 589
274 326 968
11255 313
263 071 655

164 379 044
206 420 531

73 650 1 52
32 762 395

3.05


$15 480 024
7 230 348
22 710 372

677 169
22 033 203

5 046 642
11599 165
75 488
16 721 295
5 311 908
1 487 479
3 824 429

16 166 917
1 688 738

917 279
299 828

1.32


$34 875 514
5 927 256
40 602 770

1 091 882
39 710 888

5 173 521
11 842 802
89 956
17 106 279
22 604 609
1 486 612
21117 997

16 252 157
12 868 827

21 270
299 181

2.32


$49 888 360
28 236 796
78125156

3 566 164
74 558 992
20 332 843
46 527 795
296 469
67 157 107
7 401 885
5 751941
1649 944

64 581 009
10 479 07 5

8 008 454
8 161979

1.11


$118 657298
24 303 098
142 960 396

4433 370
138527026

20747563
47 035 425
313 734
68 096 722
70430 304
5786377
64 643 927
62 315 326
39 960 872

14 699 118
7 168 126

2.03


kASIERNiblslalel I I


INCLUDING
'I lAl Tu-l &rRI 0 I'I"InN


SOUTHERN REGION


$5 664 548
400 179
6 264 727

351 2 56
5 913 471
7220
1 391 343
13 844
1 412 4 07
4 501 064
6606
4 494 4 56

3 201 910
1 894 317

5 892 861
350 505

4.19


$8 009 734
512 143
8 521 877

401 540
8120 337

9725
1 407 931
14 634
1 432 290
6688047
8651
6 679 396

3 076 981
4 540 546

d 209
--218 063

5.67


$21 683 767
1 721733
23 405 500

1379 342
22026158

30 681
5 583 277
55 081
5 669 039
16 357119
26 424
16 330 695

12 787 666
5 571395

17 096 076
492 214

3.89


1953


$27443540
2 244 079
29 687619
1 823 700
27 863 919

31 442
5 583 372
57633
5 672 447
22 191 472
34 730
22 156 742

12 194 114
14 498 841

11194 792
369 922
4.91


WESTERN DISTRICT


For the month of Aoril For the four months of For the month of April For the four months of For -the month of April For the four months of

S1 1 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


$42 885 248'
6 439 399
49 324 647

1493422
47 831 225

5 183 246
13 250 733
104 590
18 538 569
29 292 656
1 495 263
27 797 393

19 331 138
17 409 373

21 061
517 244
2,58


$71 572 127
29 958 529
101 530 656

4945506
96 585 150
20 363 524
52 111 072
351550
72 826146
23 759 004
5 778 36 5
17 980 63 9

77 368 675
16 050 470

25104 530
8 654193
1.33


$146 100 838
26 547177
172 648 015

6257070
166390945

20779 005
52 618 797
371 367
73 769169
92 621 776
5 821 107
86 800 669

74 509 440
54 459 713

25 893 910
7 538 048
2.26


$13 062 019
1 767 382
14829 401
113 733
14 715 668

639 835
4 101 860
19 040
4 960 735
9 754 933
264 973
9 489 960

6 312 305
5275 777

5 248 017

2.97


$17 562 866
2 266 778
19 829 644

681 929
19 147 715

785 725
4 031 565
29 556
4 846 846
14 300 869
241 930
14 058 939
5 786 550
11 415 745

5 308 001
10 222

3.95


$53 568 129
6 396 609
59 964 738

932276
59 032 46 2

3315193
16 409 946
77 984
19 803 123
39 229 339
1 048 511
38 180 828

25 095 724
24 863 336

17 277 405
5 138 381
2.98


$67 803 003
7 971 907
75 774 910

2 873 121
72 901 789

3 227841
16 052 5 53
112 228
19 392 622
53 509 167
966 932
52 542 235

22 987 379
44 455 926

15 242 572
1 932 447

3.76


___________________________________________________________________ _________________ t Ir


Selected Expenditure and Asset Items


17. Expenditures grossi 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 car-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 accounts receivable
31. Other current assets
32. Total current assets (items 21 to 31)


UNITED STATES

Balance at the end of April


Selected Liability Items


UNITED STATES

Balance at the end of April


I t I 1 1


$114,055,816
314,186,112
463,457,632
83,814,738


892,474,004
978,096,764
90,318,429
1,342,948
63,714,826
163,163,691
371,854,962
845,451,894
17,158,053
214,560,194
39.164.267


40. Funded debt maturing within 6 months 2K/


Loans and bills payable 3/
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 '1)


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


$172,231,849


27,143,333
91,005,489
466,580,030
187,624,045
40 062,327
4,139,142
69,451,527
29,595,533
220,585,293
683,378,740
89,446,963
l.Q09.012.422


526,374,689
157,004,051
249,436,556


$159,829,873


2,844,083
102,343,039
547,591,634
204,367,516
40,989,333
9,794,391
73,689,274
24,759,081
225,288,490
882,475,505
99.590,745
2.213.731.091


712,126,934
170,348,571
264,134,352


$25 634 661
9 149 972
34 784 633

22868623
32 497 771

167 032
10076 616
125 600
10369 248
22 128 523
1 228 668
20 899 855

18117 388
12 810 492

471 644
1 529 584
3.13


$41 061227
7 645 759
48 706 986

1895 298
46 811688

179 550
10 006 963
127 246
10 313 759
36 497 929
1 113 101
35 384 828

16 855 166
27 340 127

1 643 031
1 592 510
4.54


$81 521 417
43 289 06 4
124810 481

8 273 650
116 536 831

664 084
40 307 816
492 642
41464542
75 072 289
4 522 653
70 549 636

71 853 959
49 251168

32 275 800
22 669 291
2.81


$139 344 624
36 929 836
176 274 462

7100639
169 173 823

692796
39788 945
496 057
40977798
128 196 025
4467274
123 728 7 51

66 882 225
107 504 892

32 513 670
23 291 900
4.13


ANALYSIS OF NET INCOMU--ALL CLASS I RAILWAYS *


Period


Reports showing Reports showing
Net Income Net Deficit


Number Amount Number Amount


April .....1954 96 $45,312,153 26 $6,603,451
April ..... 1953 107 79,269,890 15 2,028,730
4 months ..1954 85 168,815,100 37 42,103,997
4 months ..1953 103 275,916,283 19 12,844,628


SExcludes 4 roads whose net income (or deficit) was
absorbed by the controlling company.


I __________________________________________________


d Decrease, deficit, or other reverse item.
T/ Represents accruals, including the amount in default.


2/ Includes payments of principal of long-term debt (other than
- long-term debt in default) which becomes due within six months
after close of month of report.
2/ Includes obligations which mature not more than one year after
.s date of issue.


Income Items


$60 041 2 52
18 547 881
78 589 133
3 429 020
75 1601 13
6 060 729
27168 984
233972
33 463 6 85
41 696 428
2 987 726
38 708 702
43 798 520
21 669 324

12 529 801
2 179 917

2.25


$21 344 572
7 630 527
28 975 099

1 028 425
27 946 674

5053862
12 990 508
89 332
18 133 702
9 812 972
1 494 085
8 318 887

19 368 827
3 583 055




1.54


$100,950,059

35,935,653
417,548,481
92,841,144


730,352,297
772,380,094
87,827,961
7,951,306
59,042,565
138,470,433
336,972,594
852,320,140
17,402,642
201,749,336
31.286 537


S3.235.755.905 13.677,300,032


I i --T- i I I I F


-r-


-r-


-I-


,_


-








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR THE FOUR 1COTES ENDED APRIL 1954 AND 1953


Page 2


MET RAILWAY OPERATING REDRAL INCOME DIVIDEND NET RAILWAY OPERATING FIBDEAL INO3MK DIVIDEND
INCOME MET ICOME TAXES APPROPRIATIONS INCOME NBT INDIOM TAXES APPROPRIATIONS
Region and railway Region and railway
1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953

United States Total ................. $206,661,673 $353,248,465 $126,711.103 $263.071.655 $90.164,974 $206,420,531 $111.119,600 $106,412.547 Southern region Continued
Eastern District -Tota .............. 49,868.360 118,657,298 1,649,944 64,643.927 10,479,075 39.960.872 16,170,433 21,867,244 Clinchfield ............................. 1.293,894 $2,991,300 $443,742 $325,820 -
Columbus and Greenville ................. 49.052 80.519 $56,407 $85,072 63.900 93.200 $24.375 $24.375
Eastern District Incl. Pocahontas Florida last Coast** .................... 1,996,498 2,289,897 467,259 804,480 550,000 885,000 -
Relion Total ..................... 71.572,127 146,100,838 17.980.639 86,800,669 16,050,470 54,459,713 33.758,723 33.431,958 Georgia R. R. Lessee Organisation ..... 262,755 498,599 -
Georgia & Florida*........................ 9,677 57,319 350.669d 264.799 -
New England Region Total ............ 1.815,312 7,032,167 d 2.584.891 2,423,398 1.177,601 2,600,241 2,283,301 1,267,930 Georgia Southern and Florida ............ 71,096 321,968 d 1458 225,209 2500 260,000
-Gulf, Mobile and Ohio ................... 2,940,096 4,133,539 2,043,638 3.254,239 1,243,000 2,909,000 1,625,831
Bangor and Aroostook .................. 1,180,027 1,037,521 736,110 707,033 614,124 670,883 47,850 47,850 Illinois Central ........................ 6,864.222 9.864,696 4,371.349 7,220,895 3,943,000 7,448,000 2,816,191 2,476,696
Boston and Maine ...................... d 346.450 1,563,769 d 1.594.432 275,593 105.676 531,231 721.276 Louisville and Nashville ................ 8,149,466 11,257,007 5,984,383 10,158,533 1,444,760 7,860,904 4,680,000 4,680,000
Canadian National Lines in New England. d 559.102 d 459.019 d 607.090 d 507.241 Mississippi Central ..................... 72,786 105,318 40,862 86,695 7,994 91,326 60.358 60,358
Canadian Pacific Lines in Maine ....... 572,590 627,501 Nashville, Chattanooga & St. Louis ...... 1,591,931 2,106,006 1,222,992 1,656,631 759,770 1,311,915 511,967 511.967
Canadian Pacific Lines in Vermont ..... d 217.724 d 255.058 New Orleans and Northeastern ............. 649.457 767,251 677,545 793.755 725,000 900,000 -
Central Vermont ...................... 180,529 202,649 d 368.315 d 357.126 Norfolk Southern ........................ 199,394 199.459 163,248 159,021 95,000 187,000 163,881 163,880
Maine Central ......................... 839,408 992,122 416,413 571,391 313,801 555.127 40,155 39,793 Seaboard Air Line ....................... 7,994,163 8.751,281 6,955,596 7,759.562 2,812,700 4,335,000 1,879,421 1,445,835
New York Connecting ................... 196,782 382,931 d 17.530 163,660 Southern ............................... 11,153,171 14,298,370 7,719.525 10,830,060 5,760,000 9,989,637 8,091,902 1,622,750
New York, Noe Haven and Hartford ...... 60,431 2,964,772 d 1.052.369 1,601,856 144,000 843,000 1,474,020 1,180,287 Tennessee Central.......................... 84850 181,904 d 21825 88,397 d 6698 -
Rutland ............................... d 91.179 d 25.021d 97.678 d 31.768 Western Ry. of Alabama .................. 205,215 173.760 196,740 165,307 18.238 108,644 -
Great Lakes Region Total ............ 28,830,920 56,952,961 13,126,358 36,654,932 5.137,640 18,354,852 10,672,460 7,386,006 Western District Total ................ 81,521,417 139,344,624 70,549,636 123,728,751 49,251,168 107.504,892 54,945,091 55,805.570
Ann Arbor ............................. 165,241 360,684 109,188 298,273 d 17,512 167,123 Northwestern Region Total ............. d 4,176.632 16,191,153 d 13,026.61 6,531,044 1,132,749 5,706,975 16,516,263 16,490,879
Cambria and Indiana .................. 286,171 304,565 288,215 290,151 185,080 203,073 60,000 60,000
Delaware and oudson ................... 1855,638 2,887,458 1,212,648 2,203,072 250,000 Chicago and North Western............... d 3.209.567 673,508 d 4.950,918 d 907.624 3,015,880 2,970,185
Delaware, Lackawanna and Western ...... 2,018.001 3,205,012 924,645 2,001,605 d 472,021 993.737 1,266,618 844,412 Chicago Great Western ................ 1,34,772 1,000,126 1,000,893 649,446 641,000 321,000 228,818 228,818
Detroit and Mackinac .................. 82,183 101,025 86,142 99,386 62,582 73,937 Chicago, Milwaukee, St. Paul and Pacific. 1,545,040 5,113,702 d 806,042 2,747,627 1,751,000 7,716,468 7,716,468
Detroit and Toledo Shore Line ......... 383,786 524,.997 362,504 503.779 303,728 457,767 80,000 80,000 Chicago, Saint Paul, Minneapolis & Omaha. d 751,366 d 738.123 d 1.549.272 d 1.534.119 -
Erie ..... 4,433,826 6,864,811 2,331,072 4,562,155 d 370.768 3.270,362 2,933,253 2,014,0lo Duluth, Missabe and Iron Range .......... d 5.704674 d 1.983.628 d 5.881.193 d 2.166.212 -
Grand Trunk Western ................... 1,194,686 2,573,057 d 112.365 1,252.189 1,905 Duluth, South Shore and Atlantic ........ 171,398 241.334 71,883 165,431 70,000
Lehigh and Hudson River ............... 109,163 141,906 113,863 143,807 68,986 105,036 70,455 70,455 Duluth, Winnipeg and Pacific ............ d 191033 d 87092 d 334441 d 228.406 -
Lehigh and New England ................ 362,477 286,759 298.941 231,109 166,956 123,051 Great Northern .......................... 895,224 4,504,398 645,605 3,567,090 600,000 3,041,127 3.044,932
Lehigh Valley ......................... 1,274,034 3,234,589 21,746 1,898,719 650,500 448,761 Green Bay & Western ............... 128,792 194,668 125,600 210,123 109,191 210,414 125,000 125,000
Monongahela ........................... 89.925 69,156 d 69,21 d 82.401 Lake Superior & Ishpeming ............... d_ 485.215 d 20701 d 491.212 d 207,282 d972 149,940 224,910
Montour ............................... 195,744 170,720 187,053 156,954 135,627 131,093 Minneapolis & St. Louis ................. 608,390 574,704 579,364 552,774 167,558 400,635 180,000 150,000
New York Central ...................... 5,435.546 19,189,358 29,894 10,269,710 644,900 1,308,964 Minneapolis, St. Paul & S.S. Marie ...... d 805.892 d 666,955 d 791,046 d 672.299 298 -
New York, Chicago and St. Louis ....... 5,152,646 7,473,295 3,562,980 6,071,078 3,437,500 6,251,500 2,068,484 1,469,119 Northern Pacific ........................ 276,318 4,207,685 d 922.413 2,717,528 1,140,000 1,859,782 1,859,782
New York, Ontario and Western** ....... d 524.287 d 133.841 d 1.010.314 d 624,044 Spokane International .................... 188,321 175,699 135,679 125,696 65,000 89,600 199,248 170,784
New York, Susquehanna and Western ..... 42,722 183,946 d 46,483 d 18.211 Spokane, Portland and Seattle ........... 1,414,960 2,073,371 290,183 974,338 150,000 800,000 -
Pittsburgh and Lake Erie .............. 2,909,924 4,311,244 2,559,113 3,361,045 308,661 1,681,664 1,295.475 1,295,475 Wisconsin Central.......................... 393,900 1,115,657 d 149280 536,933 325,000 -
Pittsburg & Shaw t .................. 273,486 241,301 195.949 187,429 d 8,195 -
Pittsburgh and est irginia.......... 336,144 465,236 184,717 305,456 d 2.24 233517 152,500 152,500 Contral Western Region Total .......... 61,167,077 83,661,688 66,671,792 89,362,634 37,102,625 76,745,616 29,798.605 29,715.343
Wabash ............................... 2,753,864 4,497,683 1,896,071 3.543,671 686,245 2,459,818 2,296,914 1,399,635
-Atchison, Topeka and Santa Fe a/ ....... 19,428,667 28,000,917 17,640,443 26,016,124 13,671,000 27,217,000 6,067,650 6,067,650
Central Eastern Region Total ........ 19,242,128 54,672,170 d 8.891.523 25,565,597 4,163,834 19,005,779 3,214,672 13,213,308 Chicago, Burlington & uincy ............ 10,452,861 11,087,516 8,715,474 9,505,197 6,364,800 9,058.600 2,562.581 2,562.580
Chicago, Rock Island and Pacific ........ 5,307,373 9,744,179 4,575,467 8,935,538 1,864,000 6,054,000 2.569,579 2,227,535
Akron, Canton and Youngstown .......... 114,759 339,672 76,758 308,020 29,673 251,741 86,168 106,260 Colorado and Southern ................... 399,429 797.396 398,807 793,847 113,662 679,370 -
Baltimore and Ohio .................... 10,493,005 14,665,793 3,842,375 7,597,635 148,855 2,993,356 Colorado & Wyoming ...................... 111,282 215,796 97,928 200,684 22,100 223,900 110,000 110,000
Bessemer and Lake Erie ................ d 281.325 1.196,433 d 371.121 1,121,316 1 747,055 149,988 149,988 Denver and Rio Grande Western............. 4,166,879 4,310,257 3,061,968 3,249,970 1,761,200 3,216,400 1,766,914 1,978,242
Central R. R. Co. of New Jersey ....... 976,516 1,247,921 d 252.763 73,655 5,113 5,569 Port Worth and Denver ..................... 876,733 1,110,176 548,130 791,500 201,803 672,526- -
Chicago & Eastern Illinois .............. 1,097,891 1,428,316 531,030 877,037 d 48.000 341,700 870,413 973,117 Northwestern Pacific .................... d 124.360 d 107.797 d 117.220 d 100.648 -
Chicago & Illinois Midland ............ 13,005 249,492 d 27.316 205,506 d 6,401 212,885 Sacramento Northern" ...................d 26216 563,377 d 279931 309,156 273,100 -
Chicago, Indianapolis and Louisville .. 678,567 716,876 410,001 450,954 250,000 329,000 429,642 429,642 Southern Pacific Co., Incl. Leaed Lines. 11,162,970 16,856,880 11,193,958 17.018,000 1,400,028 12,301,819 6,785,341 6,785,341
Detroit, Toledo and Ironton ........... 1,159.509 1,032,292 1,014,864 930,212 526,384 717,180 Southern Pacific Transp. System bV ...... 13,337,524 21,816,597 12,792,855 21,362,370 3.256,7.6 17,140,137 6,785,341 6,785,341
Elgin, Joliet and Eastern ............ d 4,538,405 1.564,220 d 4,600.751 1,483,512 2,311,349 Toledo, Peoria & Western ................ 299,661 385,168 289,633 368,487 309,950 431,701 54,000 50,000
Illinois Terminal ..................... 160,941 304,951 d 30.039 97,517 d 34.300 25,500 Union Pacific Incl. Leased Lines ........ 7,730,567 8,072,827 19,445,658 19,866,391 11,100,000 14,200,000 7,548,137 7.548,137
Long Island ** ........................ d 2197628 d 1,456.738 d 3.024.844 d 2.457.314 Utah .................................... d 98.019 d 58492 d 101,409 d 58.299 -
Missouri-Illinois ..................... 238,056 353,654 250,199 364,879 152,200 352,000 Western Pacific ......................... 1,479,250 2,683,488 1,202,886 2,466,687 294,082 2,417,200 2,334,403 2,385,858
Pennsylvania .......................... 6,121,426 26,235,782 d 9.150,574 10,616,982 972,000 5,773,000 9,875,816 w----------
Pennsylvania-Reading Seashore Lines ... d 1,598,377 d 1.628.267 d 1.918.677 d 1.932.267 249,347 249,354 -
Reading ............................... 4,556,061 5,391,125 3,106,412 3,869,318 1,033,863 2,580,990 1,678,461 1,678,485 Southwestern Region Total ............. 24,530,972 39,491.783 16,904,454 27,835,073 11,015,794 25,052,301 8,630,223 9.599,348
Staten Island Rapid Transit ........... d 211.555 d 195.293 d 386,517 d 370.255 -
Western Maryland ...................... 2,459,682 3,225,941 1,639,440 2,328,890 885,100 2,115,100 Beaumont, Sour Lake & Western** ......... 485.025 682,756 543,184 727,025 117,000 622,000 -
International-Great Northern** ........... 893,802 1,407,279 37,825 547,401 199,000 -
Pocahontas Region Total ............. 21,683,767 27,443,540 16,330,695 22,156,742 5,571,395 14,498,841 17,588,290 11,564,714 Kansas City Southern .................... 2,477,250 2,988,736 1,870,564 2,409,115 1,813,000 2,669,200 974,399 846,999
Kansas, Oklahoma & Gulf ................. 271,944 505,123 234,185 465,171 190,673 464,030 -
Atlantic and Danville ............... 18,970 61,668 d 6.783 26,052 888 2,667 Louisiana & Arkansas .................... 1,849,418 1,971,039 1,687,665 1,799,246 1,068,000 1,489,500
Chesapeake and Ohio ................... 13,459,909 17,207,276 8,887,354 12,657,702 750,000 5,710,000 12,057,119 6,033,543 Midland Valley ......................... 43.264 97454 76,348 91,408 62,477 30,919 -
Norfolk and Western ................... 4,887,277 6,622,682 4,741,135 6,558,231 2,700,000 5,675,000 4,439,351 4,439,351 Missouri-Kansas-Texas ................... 1,974,092 3,392,162 916,655 2,398,970 193,000 2,031,000 833.756 833,756
Richaond, Fredericksburg and Potomac .. 1,130,244 1,198,713 1,181,978 1,182,561 812,912 1,315,150 310,032 310,032 Missouri-Pacific** ...................... 5,953,632 8,781,911 1,314,210 4,136,902 1,285,000 -
Virginian ............................. 2.187,367 2,353,201 1.527,011 1,732,196 1,307,595 1,796,024 781,788 781,788 New Orleans, Texas & Mexico** ............ 544,517 862,460 d324.69 7,647 d 17.000 d 50.000
Oklahoma City-Ade-Atoke .................. 131,561 42,602 138,.81 42,920 113,303 42,920
Southern Region Total ............... 53,568,129 67,803,003 38,180,828 52,542,235 24,863,336 44.,55,926 22,415,786 17,175,019 St. Louis, Brownsville and Mexicoe* ..... 979,934 854.599 726,582 597,651 74,000 202,000
St. Louis-San Francisco ................. 2,975,354 4,535,011 1,429,270 2,932.917 57,000 2,244,741 4,188,103 5,284,628
Alabama Great Southern ............... .. 880,118 863,621 799,000 778,643 305,000 685,000 St. Louie,San Francisco and Texas ....... 92,924 193,586 86,603 190,953 85,000 266,000 -
Atlanta & Saint Andrews Bay ........... 229,043 207,544 230,359 213,460 253,732 340,261 419,818 2,459,984 St. Louis Southwestern .................. 941,136 3,826,846 4,644,916 3,668.325 4,023,093 5,483.073 1,853,240 1.853,240
Atlanta and West Point ................ 31,855 87,283 49,486 100,900 42,826 San Antonio, Uralde & Gulf**............ d 208252 d 247.714 d 272687 d 32413 -
Atlantic Coast Line .................. 4,932,667 4,020,272 4,849,376 4,993,463 4,500,000 3,425,000 2,062,453 2,062,453 Texas and New Orleans ................... 2,174,554 4,959,717 1,558,897 4,304370 1,856,728 4,838,318
Central of Georgia ..................... 1,335,053 1,396.547 796,944 987,093 549,091 1,705,420 Texas and Northern ................... 129,h482 120,378 129,137 120,126 170,600 -
Charleston & Western Carolina ......... 275,107 345,571 148,102 209,081 85,000 155,000 Texas and Pacific ..................... 2,745,672 4,337,406 2,070,184 3.583,376 1,333,000 2,913,000 780,725 780,725
Cincinnati, New Orleans & Texas Pacific 2,315,917 2,803.972 1.795.069 2,236.538 1,855,000 2,560,000 40,890 Texas Mexican ........................... 75,663 180,432 37,134 135.863 46,520 151.000 -


R* report of receiver or receivers.
** Report of trustee or trustees.
d Deficit or other reverse items.


a/ Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry.
bJ Data not included in totals. Includes Southern Pacific Company, Texas and New Orleans R. R. Co., and leased lines.
* Reorganization consummated March 1, 1954.
U. S. GOVERNMENT PRINTING OFFICE : 1954 0 270320 12





SSubject to re3so


Subject to revision


UNIVERSITY OF FLORIDA

IIIIIIIIIIIIIIIIIIIII ~INTERSTATE COMMERCE COMMISSION
3 1262 08851 3733 BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

Compiled from 126 reports (Form IBS) representing 130 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


__ _I___ __ _I__ __ _I


Income Items


~~2
~




(C
it:


4 )


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 I/ ...................
6-03. Arortization of discount on funded debt ...
6-04. Total fixed charges ..................
7. Income after fixed cherzee ..................
8. Other Deductionse ..................................
9. Net income ...................................
10. Depreciation (Way and structures and Equipment) ...
11. Federal income taxes ..............................
12 Dividend appropriations:
12-01. On common stock ..........................
12-02. On referred stock ......................
Ratio of income to fixed charges (Item 5-6-04)


UNITED STATES


EASTERN DISTRICT


POCAHONTAS REGION


For the month of May For the five months of For the month of May For the five months of For the month of May For the five months of


1954 1953


1954


I I I- I tI t 1I


$58 880 8 54
18 322 724
77 203 578
3 485 763
73 717 815
4609 357
27 146 066
239 465
31 994 888
41722 927
3 063 716
38 659 211
43 864 4 75
16 167 905

29 413 788
9 360 821

2.30


$95 387 443
19 702 342
115 089 78.5
4 197 254
110 892 531
6 252 307
27 194 34 9
243 234
33 689 890
77 202 641
2 787 462
74 415 179
41 814 780
50 882 877

33 621076
6 285 255

3.29


$265 542 527
97 966 925
363 509 452
17 637194
345 872 258
28952156
135 974902
1 161 641
166 088 6 9 9
179 783 559
14 413 245
165 370 314
218 182 834
106 332 869

104 071 523
45 822 686
2.08


1448 751 908
91151265
539 903 173
20 428 085
519475 088
30951948
135 654 645
1222 886
167 829 479
351 645 609
14 042 774
337 602 835
206 193 824
257 187408

107271228
39 047650

3.10


$14 474 016
5 044 707
19 518 722
824 021
18 694 702
3638 549
11 547 369
78 231
15264 149
3 430 553
1 422 6 57
2 007 896
16 178 682
1796 543

26 20 8 05
1065 570

1.22


$35 239 520
5 984 464
41223 984
1 046 112
40 177 871
5 269 724
11779 339
78 360
17127 423
23 050 448
1 438 553
21 611 895
15 880 010
15 226 194

2 938 413
1 068 378
2.35


$64 362 376
33281502
97 645 878
4 390 185
93 253 693
23971390
58 075 166
374700
82421256
10 832 437
7 174 598
3657 839
80 759 692
12 275 618

10629259
9 227 549
1.13


$154 012 818
30287562
184 300 380
5 479 483
178 820 897
26017287
58 814 764
392 094
85224145
93 596 752
7 224 929
86 371823
78 195 336
55 071 066

17637531
8 236 504
2.10


$7 188 728
336 566
7 525 294
341 134
7 184 160
7311
1 390 557
13 9 33
1 411 801
5 772 359
6 606
5 765 753
3 216 035
3 444 3 53

5 001 132

5.09


$9 163 238
451 187
9 614 425
388 928
9 225 497
7042
1 417 768
14 543
1439353
7 786 144
8 65,1
7 777 4 93
3 120 388
5 654 130

10 886 711
148 184

6.41


$28 872 495
2 058 299
30 930 794
1720 476
29 210 318
37992
6 973 834
69 01 4
7 080 840
22 129 478
33 03 0
22 096 448
16 003 701
9 015 746

22 097 208
492 214
4.13


$36 606 778
2 695 266
39302044
2 212 628
37 089 416

38 484
7 001140
72 176
7 111 800
29977616
43 381
29934235
15 314 502
20152 971

22081503
518 106
5.22


EASTERN RESTRICT
INLUDINlo SOUTHERN REGION WESTERN DISTRICT
POCAHONTAS REGION
Income Items For the month of May For the five months of For the month of May For the five months of For the month of May For the five months of
1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


1. Net railway operating Income ...................... $21662 744 $44 402 758 93 234 871 $190619596 $12 309 596 $17 527 891 $65 877 725 $85 330894 $24 908 514 $33 456 794 $106 429 931 $172 801 418
2. Other Income ...................................... 5381273 6435651 35339801 32 982 828 1236238 1578556 7632847 9550463 11705213 11688135 54994277 48617974
3. Total income ................................. 27044017 50838409 1286574672 223602424 13545834 19106447 73510572 94881357 36613727 45144929 161424208 221419392
4. Miscellaneous deductions from Income .............. 1165155 1435041 6110661 7692111 428966 740839 1361242 3613 960 1891642 2021374 10165291 9122014
5. Income available for fixed charges ........... 25878862 49403368 122464011 215910313 13116868 18365608 72149330 91267397 34722085 43 123555 151258917 212297378
6. Fixed charges:
6-01. Rent for leased roads and equipment ....... 3645860 5276766 24009382 26055771 797253 798280 4112446 4026121 166244 177261 830328 870056
6-02. Interest deduction / ........... .............. 12937926 13197107 65049000 65815904 4105 727 4 039 150 20515673 20091703 10102413 9 958092 50410229 49747038
6-03. Amortization of discount on funded debt ... 92 164 92 903 443 714 464 270 20 535 26 760 98 519 138 988 126 766 123 571 619 408 619 628
6-04 Total fixed charges .................. 16675 950 18 566 776 89502096 92335945 4923 515 4 864190 24 726638 24256 812 10395 423 10258 924 51859965 51236722
7. Income after fixed charges ................... 9202912 30836592 32961915 123574368 8193353 13501418 47422692 67010585 24326662 32 864 631 99398952 161060656
8. Other Deductions .................................. 1429263 1447204 7207628 7268 310 264360 240054 1312871 1206986 1370093 1100204 5892746 5 567478
9. Net income .................................. 7773649 29 389 388 25754287 116 306 058 7 928993 13 261 364 46 109 821 65803 599 22 956 569 31764 427 93 506206 155 493 178
10. Depreciation (Way and structures and Equipment) ... 19394 717 19000398 96763393 93509838 6183796 5855325 31279520 238842704 18285 962 16 959057 90139921 83841282
11. Federal Income taxes .............................. 5 240894 20880324 21291364 75224037 3422719 10 573 841 28286055 55029767 7504292 19 428712 56755450 126 933 604
12. Dividend appropriations:
12-01. On common stock .......................... 7 621 937 13 825 124 32 726 467 39719 034 4 740 373 4 400 876 22 017 778 19 643 448 17 051 478 15 395 076 49 327 278 47 908 746
12-02. On preferred stock ....................... 1 065 570 1 216 562 9 719 763 8 754 610 624 7 27 634 948 5 763108 2 567 395 7 670 524 4 433 74 5 30 339 815 27 725 645
Ratio of income to fixed charges (Item 5+6-04) 1.55 2.66 1.37 2.34 2.66 3.78 2.92 3.76 3.34 4.20 2.92 4.14


UNITED STATES UNITED STATES
Selected Expenditure and Asset Items Balance at the end 6f ay Selected Liability Items Balance at the and of May ANALYSIS OF NET INCOM--ALL CLASS I RAILWAYS
Balance at the end of May Balance at the end of Nay
1954 1953 1954 1953
Report showing Reports showing
17. Expenditures (gross! for additions and betterments- 40. Funded debt maturing within 6 months 2/ .....- ....... $165,750,537 $159,511,416 Period Net Income Net Deficit
Road.. $126,969,714 $145,964,695
18. Expenditures (gross) for additions andbetterments- 41. Loans and bills payable / 27,610,000 2,809,675 Number Amount Number Amount
Equipment 284,535,865 393,545,448 42. Traffic and car-service balances-Cr......... 93,966,971 101,203,554
19. Investments in stocks, bonds, etc.. other than those 4. Audited accounts and wages payable ... 470,291,859 537,721,304 May ......1954 90 $50,483,265 32 $11,824,054
of affiliated companies (Total, Account 707) 403,574,933 463,557,544 Miscellaneous accounts payable 191,900,033 205,567,639 May ......1953 103 77,374,924 19 2,959,745
20. Other unadjusted debits 90,985,668 106.325.856 45. Interest matured unpaid 27,638,277 28,306,617 5 months..1954 89 211,303,080 33 45,932,766
--6 Dividends matured unpaid 10,497,838 10,715,860 5 months..1953 106 350,378,783 16 12,775,948
21. Cash .. 796,136,853 926,635,106 47. Unmatured interest accrued 78,120,733 81,204,342
22. Temporary cash investments ... .. .. 811,222,551 987,960,956 4g. Unmatured dividends declared ...59,433,099 55,593,107
23. Special deposits .. .............. 82,675,783 86,111,00oo 49. Accrued accounts payable 229,099,221 225,575,390
24. Loans and bills receivable............... 7,928,582 1,320,838 50. Taxes accrued 705,695,625 933,097,500
25. Traffic and car-service balances-Dr .. 5757558 66037,7.4 51. Other current liabilities 87,060,016 97,107,716
26. Net balance receivable from agents and conductors 159,693,020 170,097,210
27. Miscellaneous accounts receivable 328074,398 371,458693 52. Total current liabilities (items 41 to 51) 1,981,313,672 2,278,902,704 lude4 roa whose at iome (or deficit) wa
28. Materials and supplies ..... .... ........ 830,499,498 836,821,915 absorbed by the controlling company.
29. Interest and dividends receivable .. ......... 19,890,780 20,874,801 53. Analysis of taxes accrued:
30. Accrued accounts receivable 207,355,043 217,715,804 53-01. U. S. Government taxes. ................. 533,430,685 755,405,278
31. Other current assets 30.911.537 39.362.765 53-02. Other than U. S. Government taxes...----..... 172,264,940 177,692,222
54. Other unadjusted credits .. ....... 252,850,484 285,818,071
32. Total current assets (items 21 to 31) 3 ,332,045,603 3,724,396,806


d Decrease, deficit, or other reverse item.
T/ Represents accoruals, including the amount in default.


2/ Includes payments of principal of long-term debt (other than
- long-term debt in default) which becomes due within six months
after close of month of report.
~/ Includes obligations which mature not more than one year after
date of issue.


Statement No. M-125
MAY 1954








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

FOR TE FIVZ MONTES ENDID MAT 1954 AND 1953


MeR RAILWAY OPERATING FEDERAL ICOM DIVIDED ET RAILWAY OPERATING F3RAL I00OMI DIVIIMND
INOM HTIES AP00OPRIATIOS IIcaI v a INCOM B ppBMJIJili
egion and railwayTAXIr APPROPRIATIONSr Region and railwayINCNETAPP NATIONS

1954 14 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


$265,542.527 $448,751,908 $165,3 d


Clinchfield .............................
Columbus and Greoonville ................
Florida east Coast** .....................
Georgia R. R. Lessee Organization .....
Georgia & Florida* ......................
Georgia Southern and Florida ............
Gulf, Mobile and Ohio ...................
Illinois Central ........................
Louisville and Nashville ................
Mississippi Central .....................
Nashville, Chattanooga a St. Louis ......
New Orleans and Northeastern ............
Norfolk Southern ........................
Seaboard Air Line .......................
Southern ................................
Tennessee Central .......................
Western By. of Alabama ..................


antern District Total .............. 64,362,376 154,.012,818 3,657.839 86.371.823 12,275,618 55,071,066 19,856,808 25,874,035
Eastern Distriot laol. Pocahontas
nation Total ..................... 93.234,871 190,619.596 25.754,287 116,306,058 21,291.364 75.224,037 42,446,230 48,473,644


NIw pland Ration Total ............

anagor and Aroostook ..................
Boston and Maine .....................
Canadian national Lines in lNew England
Canadian Pacific Lines in Maine .......
Canadian Pacific Line in Vermont .....
Central Vermont .......................
Maine Central ..........................
Nev York Conncting ...................
New York, ewv Haven and Hartford ......
Rutland ...............................
Great Lakes Region Total ............

Ann Arbor .............................
Cambria and Indiana ...................
Delaware and Boadon ...................
Delaware, Iackawvana and Western ......
Detroit and Mackin.a .................
Detroit and Toledo Shore Line .........
Erie ................................
Grand Trunk Western ...................
lehigh and ,adson River ...............
lehih and lNe Ingland ................
Lehigh Talley .........................
Nonongahela ..........................
Montour ..............................
eow York Central ......................
New York, Chicago and St. Louis .......
ew YTork, Ontario and Western** .......
lev York, Suaquhanna and Western .....
Pittsburgh and Lake Brie ..............
Pitteburg A ShawBt ....................
Pittsburgh and West Virginia ..........
Vabah ................................


Central asatern Ra ion Total ........
Akron, Canton and TYoungstown ..........
Baltimore sand Ohio ....................
Bessemr and Lake Erie ................
Central R. R. Co. of low Jersey .......
Chicago a Eastern Illinois ............
Chicago a Illinois Midland ............
Chicago, Indianapolis and Louisville ..
Detroit, Toledo and Ironton ...........
Elgin, Joliet and Eastern ............
Illinois Terminal .....................
Long Island ..........................
Kiseouri-Illinois...................
Pennsylvania ......................
Pennaylvania-Readng Seashore Lines ..
Reading ............. ..............
Staten Islaed Rapid Transit .......
Western Maryland .....................


8,410,271 d 2.395.443


2,866,432


1,301.730 3,008,5221


2,331.151


4 4 .4- L J _____ L ______ I


842,336
d 1.826.417
d 837.655

d 507,370
456.428
d 66440
d 106,:794

8,969.235


137,469
338,782
1,127,103
1,187,169
104,769
436,940
3,011,740
d 45.923
147,209
344.775
68.739
d 56.629
230,686
d 7.087.356
4,600.957
d 1.2&64.743
d 45,.813
3,090.331
235.985
268,812
2,138,233


745,052
342,062
d 628,254

d 378.603
616,809
214,892
2.018,120
d 63.646
46,747,094


376,741
371,439
2,681,365
2,726,723
120,564
618,830
5,739,015
1,896,683
186,780
420,803
2,531,188
37.568
197,022
12,763,223
7.589,320
d 815.373
d 26.737
4,430,0781
240,946
426,596
4,234,320


669,595
132,043



336,092
164,000

6.270.613


d 24,117
210,090

d 459.861
72. 275
362,078
d 320.243

91,847
178.788
d 111,100
163,017
766,200
4.479,500

271,032

dl -
d 3.536.
594,6433


698,290
633,808
-



604,424

1,072,000

24,664,860


210,825
262,092
250,000
1,494,902
85.854
560,148
4,118,266
2,860
138,830
299,186
907,800
164,656
2,906,280
7,814,500

2,299,361
d 8.195
328.999
2,828,.496


95,700
721,276



40,155
1,474,020

13.831,279


60,000

1,266.618
100,000
3,852,081
70,455

448,761


4,135,975

1.295,475

305,000
2,296.914


r 1 -~ i 4


73,198,537 d 2.915.953


85,093
5,519,696
1,067.244
d 442.354

55,488
451.376
1,189,267
d 3.912.182
d 22.550
d 3.642.964
339,250
d 7.391.124
d 2.272.153
3,738,087
d 490.703
2.172.527


36,758,297

394.478
10,605,865
1,916,326
227,179
1,093,155
273,390
529,035
1,053,875
1,942,369
170,508
d 2.626.322
483,147
15.338,953
d 2.328.758
5,058,174
d 443.118
3.070.041


4,703.275
28,528
187,855
21,234
6,402
d 87,600
35,399
245,000
556.764
d 97.860

205,500
1,111,000
311,684
984,869
1.194.500


27,397,684
325,571
4,936,105
1,939,352
6,858
422,800
275,085
374,000
771,735
3,060,120
61,207

478,000
8,311,000
311,692
3.329,759
2.794-400


3,694.378
86,168

209,988

870,413
429,642






2.098.167


1,315,780


95,700




39,793
1,180,287

10,865,283


60,000

844,412

100,000
3,852,066
70,455




2,938,240

1,295,475

305,000
1.399.635


13,692,972
106,218

209,988

973,117
429,642




9,875,816
2,098,191


Pocahontas Retion Total ............. 28,872,495 36.606,778 22,096,448 29,934.235 9.015,746 20,152,971 22.589,422 22.599,609
Atlantic and Danville ............... 2.392 61,877 29.851 21.544 1,110 2,667 -
hesapake aand Ohio ................... 17,967,166 23,069,661 12,192,688 17.333,678 2,300,000 8,525,000 12,057,014 12,067.201
Norfolk ad Western .................. 6,627,174 8.939,358 6,430.385 8.855,172 3,950,000 7,775,000 8.658,800 8,658,800
iatohmod, r.edericksburg and Potomac .. 1.406,805 1,524,450 1,469.995 1,498,211 1,015.912 1,565,150 310,032 310,032
Virginian ............................. 2,868,958 3,011.432 2,033,231 2.225,630 1.748.724 2,285.154 1,563.576 1,563.576


Seathern Raion Total ..............

Alabama Great Southern ................
Atlanta & Saint Andrew Bay ..........
Atlanta aad West Poit .................
Atlantic Coat Line ...................
C etral of Georgia ....................
Charleston a Western Carolina .........
Oleimalati. New Orleans & Tszas Pacifiq


46,109,821


65.803,599


I I I4. II


938.251
307.379
44.966
5.576,679
947.619
193.929
2,266,598


1,088,152
268,531
113,625
5,779,765
1,284,830
255,652
3.036,439


28,286,055


295,000
305.954
4,500,000
115,000
2,335,000


55,029,767


775,000
430,988
43,448
3,700,000
651,991
195,000
3.385,000


27,780,886


896,828
419,818

2,062.453
1,705,420

1,794,000


22,210,843


896,828
2.459,984
2,062,453

1,845,112


$1,817,517
50,779
2,231,714
333,291
d 43.366,
126.975
3.569,949
8.925,110
9.724.892
71,211
1.919.730
804,993
225,434
9,971,826
13,500.575
97.208
233.839


2... .8.W 17. 1BAA 0 ,
Western District Total ................ 106,429.931 172,801.418 93.506,206 155.493,178 56,755,450 126,933.604 79.667.093 75,634,391

Northwestern Region Total ............. 1,940,580 24,499.032 d 6.911.126 15,046.838 1,342,002 8,236,425 21,877,373 21.546,419

Chicago and North Vestern ...............d 3.131.99 954,637 d 5.316.054 d 1.013.076 3,015,880 2,970,185
Chicago Great Western ................... 1,690,072 1.387.693 1.261,172 955,261 812,000 599.000 457.633 228,818
Chicago. Milwankee. St. Paul and Pacific 1,190,953 5.257.860 d 1.766.031 2,336,139 1,002,000 7,716,468 7,716,468
Chicago, Saint Paul, Minneapolis & Omaha 818.77 d1 955,693 d. 1.819.246 1.948.041 -
Daluth, Missabe and Iron Bange ..... ..... 3.191 06 1,429,809 6 ,.417.248 1.193,113 791,240 -
Duluth, South Shore and Atlantic ........ 156,259 285,107 28,580 188,142 120.000 -
Duluth, Winnipeg and Pacific ............ d 158.993 d 15.982 d 336.816 d 192.172 -
Great Northern .......................... 2,903.779 6.604,006 3,850,808 6,735,626 2,100,000 6,073,639 6.090.689
Green Bay & Western ..................... 139,325 223,691 125,378 236,466 121,139 241,661 125.000 125.000
Lake Superior & Ishpening ............... d 243.906 155,103 d 251.829 154.369 a 972 149,940 224.910
Minneapolis & St. Louis ................. 808,028 710,925 764,131 669,687 252.558 481,335 420.000 300,000
Minneapolis, St. Paul & S.S. Marie ...... d 790.107 d 873.356 d 76.095 875 298 -
Northern Pacific ........................ 470,848 5,117.12 183,461 4,544,011 1,415,000 3.719,565 3,719,565
Spokane International ................. .. 221,210 258,309 155,398 195.847 87,000 129.600 199,248 170,784
Spokane, Portland and Seattle ........... 1,872,150 2,565,188 457.075 1.192.206 200,000 950,000 -
Wisconsin Central ....................... 823.038 1.394,614 d 53.810 674,565 d 130.695 407.263 -
Central Western Region Total .......... 73,612,094 100,164,504 80,246,124 107,209,554 43,595,.107 89.970.321 45,989,149 42,463,637

Atchison, Topeka and Santa ae a/ ........ 22,335,845 33,441,742 20,058,121 31,002,844 14,937,000 31.568.000 9.171,970 6,067,650
Chicago, Burlington & Q incy ............ 12,123.003 12,943,062 9.913,937 10,977.360 6,801,300 10.244,200 2,562.581 2,562,580
Chicago, Bock Island and Pacific ........ 6.550,246 11,434.527 5,633,612 10,419,993 1,456,000 6,760,000 2.569,579 2.227,535
Colorado and Southern.......................... 495,937 930,199 492,826 924,285 133,826 785.333 -
Colorado & Vyoming ...................... 132,537 256,621 116,005 237,697 33,200 246,000 110,000 110,000
Denver and Rio Grande Western ........... 5,214,522 5,266,311 3,827,890 3,941,828 2,004.600 3.895,700 2,510.521 2.329,919
Tort Worth and Dever ................... 924,880 1,307.747 503.365 899,249 61,148 736,191 -
Northwestern Pacific .................... 71,.805 24.576 81,889 33.697 56,098 48,013
Sacramento Northern** ................... 29.6 676.677 d 346.630 359,667 347,200 -
Southern Pacific Co., Incl. Leased Lines 14,288,840 20,601,452 13,992,202 20,546,508 3.239.353 14.783,085 13.570,683 13.570,683
Southern Pacific Tranp. System / ...... 17,193,334 26,400,313 16.166.964 25.582,011 4,910.920 20.350,083 13,570.683 13,570,683
Toledo, Peoria & Western ................ 380,238 480,540 365,600 454.978 391,500 540,899 54,000 104,000
Union Pacific Inol. Leased Idnes ........ 9,362.551 9.490,798 24,224,294 24,370,757 14,000.000 17,000,000 13,105,412 13.105,412
Utah ................................... 137.214 73.411 d 141,716 713.146 -
Western Pacific ......................... 1,898,527 3.383,663 1,524.729 3,113,837 481,082 3.015.700 2,334.403 2.385,858


$3,762,284
88,939
2,746,414
644,152
62,655
406,039
4.930.790
12,655,687
14,163,043
112,137
2,559,686
978,101
267,301
10,949,725
18,103,992
197,597
197. 489


$59,982
312,005
d 469,769
18,729
2,459,517
5,805,937
7,045,045
31,762
1,434.356
836,204
181,343
8,678,631
9,267,539
d 37.242


$95,457
879,004
d 340.930
286,645
3,845,447
9,379,182
12,752,147
86,464
1,992,963
1,013,315
215.757
9,710,323
13,797,652
76,623
186.556


$554,677
71,300
405,000


1,437,000
5,283,000
1,245,025
1.312
782,222
865.000
78,236
3,.444,700
6.550,000
20 129


$407,275
108,400
970,000

325,000
3.374,000
9,835,000
9.750.680
92,450
1.512,639
1,180,000
222,000
5.350.000
12,609.637
d 6.698
11 957


$24,375



812,915
4,513,663
4,680,000
60,358
511,967

327,762
1.879,421
8,091,906


$24.375



2,438,746
3.834,.674
4,680,000
60,358
511,967

327,761
1,445,835
1,622,750


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

Beaumont, Sour Lake western ......
International-Great Northern**ee ..........
Kansas City Southern ....................
Kansas, Oklahoma & Gulf .................
Louisiana A Arkansas ....................
Midland Valley ........................
Missouri-Kansas-Texa ...................
Missouri-Pacific** ......................
New Orleans., Texas a Mexico** ...........
Oklahoma City-Ada-.Atoka .................
St. Louis, Brownsville and Mexico** ....
St. Louis-San Francisco .................
St. Louis, San Franclsco and Texas ......
St. Louis Southwestern ..................
San Antonio, Uvalde & ulf **............
Texas and New Orleans ...................
Texas and Northern ......................
Texas and Pacifio .......................
Texas Mexican ........................


30.877.257
613,828
1,117.561
3,082,675
288,427
2,312,280
50,890
2,395,648
7,166,814
613.136
155,449
1,308,692
3,766,533
91,371
1,519,621
d 248.123
2,904,494
147,065
3,493,804
97,092


48,137,882

945,066
1,698,501
3,808,555
588,534
2,537,060
122,040
4,175,450
10,498.767
505,089
90,038
1.396.087
5,752,977
250.674
4,681.497
d 361.158
5,798,861
156,486
5,300,686
192,672


20,171,208
686.125
42,102
2,323,575
239,819
2,111.641
74,926
1,068,462
1,200,580
d 473.829
164,092
984.598
1,803,406
83.399
5,167,749
d 32.899

146.710
2,696,781
54,209


33.236.786
1,001.712
618,103
2,982.576
532,964
2,317,181
101,042
2.918,614
4,486,238
d 568.758
75,224
1.064.575
3.753,508
247,417
4.485,881
d 453.709
4,985,503
155.912
4,392,071
140,732


11,818,341

145,000

2,241,000
195,049
1.316,286
61,303
121,000
d 412.248
d 17,000
134,257
103,000
107,000
105,000
4,221,607

1,671,567

1.759,000
66,520


28,726,858

613,956
73,000
3.079,20C
591,055
1,851.500
73,121
2.443,000
935.000
324.955
51,642
d .24.552
2,896.741
340,228
6,329,714
5.566,998
238,300
3.366,000
157,000


11,800.5711 11.624,335


1,948.797
265,794

1.667.512



5,284.503

1,853,240


780.725
_-I


1,693,998
344,232

1.667,512



5,284,628

1,853.240


780,725


I- II I I I I IIIII


a/ Includes Atchison, Topeka & Santa re By., Gulf, Colorado & Santa T By-., and Panhandle Santa e Br.
b Data not included in totals. Includes Southern Pacific Company, Texas and Nev Orleans B. R. Co., and leased lines.

U. S. GOVERNMENT PRINTING OFFICE:1954 O 3103Z0 (1)


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


Page 2


2,868,543


1,415,549
d 278.272
d 776,982
553,158
& 288.188
176,891
982,060
199,979
986,241
d 101.893

29,309,032


207,426
336.512
1,932.658
2.637,253
101,318
463,910
5,690,277
1,603,716
141,043
422,556
1,616,336
142,201
242,029
237,768
6.527,597
d 654.212
79,753
3,544.19
333,099
457,306
3,246,267


1,173,984
1,939,912
d 567.476
583,399
d 384.507
318,960
1.158,277
487.346
3.756,701
d 56,.325
72,404,010


453.316
387.641
3.535.539
4,330,009
122,018
644,848
8,638,356
3,557,982
184,215
489.117
4,183.849
227,188
214,315
24,030,410
9.322,197
d 201.112
223,290
5,707,356
308,443
628,922
5,416,111


32,184,801

134.103
13.799.924
1,179.747
1,135.978
1.347,099
104,335
786,412
1.371,497
d 3.832.249
216,552
d 2.628.279
324,960
11,614,376
d 1.871.778
5,5?2,556
d 271.847
3,201,415


434.592
19,336.560
2,013,186
1,747,488
1,788,408
313,842
859,637
1,183,782
2,046,320
427,752
d 1.345.186
469,369
34,943,353
d 1.946,008
6,939,322
., 224.271
4,210,391


65,877,725


1,039,815
308,658
27,624
6,043,041
1,620,046
353,440
2,923,424


85.330,894


1,194,741
260,232
98.135
4,956,814
1,815,413
425,608
3,753,920


* port of receiver or receivers.
e Report of trutee or trustees.
jDeficit or other reverse Itaems.


-r-- i I


-t


-r


-r


-i







Subject to revision


IJNIVERIrfY OF FLORIDA

II III III1 IIl IlIl I IIIIIII 1 INTERSTATE COMMERCE COMMISSION
3 1262 08851 3584 BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

Compiled from 126 reports (Form IBS) representing 130 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


UNITED STATES EASTERN DISTRICT POCAHONTAS RE \
Income Items For the month of June For the six months of For the month of June For the six months of For the month of June For the mo thu
1954 194 1953 1953 1954 1953 1954 1953 1954 1953 1954 ii6a s

1. Netrailwayoperatingincome ........................ $79680336 $99663742$345222862 $548668649 $23131201 $34 460638 $87493576 $188726456 $7483853 ,9045 923 $36356348 $45652701
2. Other income........................................ 17565 891 20154716 115 532 817 111305982 5170 6 9 3 6 705700 38452196 36993263 755059 690277 2813358 3385543
3. Total income ................................ 97246227 119818458 460755679 659974631 28301894 41166338 125945772 225719719 8238912 9736200 39169706 49038244
4. i41scellaneous deductions from Income .............. 3411270 3 973 564 21048464 24401649 661299 829940 5051484 6309424 324 335 375242 2044811 2 587870
5. Income available for fixed charges ........... 93834957 115844894 439 707 215 635572982 27640595 40336398 120894288 219410295 7914577 9360958 37124895 46450374
6. Fixed charges:
6-01. Rent for leased roads and equipment ....... 4605 173 6 397 620 33557329 37349567 3540427 5 309773 27511817 31327059 7412 7830 45404 46314
6-02. Interest deductions / .................... 27169274 27 178785 163144176 162833430 11 543 356 11785346 69618522 70600111 1398 329 1417789 8 372163 8418929
6-03. Arortization of discount on funded debt ... 246 695 279 550 1 408 336 1 502 436 80 643 89 054 455 343 481 148 13 976 14 673 82 990 86 849
6-0 4. Total fixed charges .................. 32021142 33 855 955 198 109 841 201685433 15164426 17 184173 97 585682 102 408 318 1419 717 1 440292 8500557 8 552 092
7. Income after fixed chrsees ................... 61813815 81 988939 241597374 433887549 12476169 23 152225 23308606 117001977 6494860 7 920666 28624338 37898282
8. Other Deductione .................................... 2 843 533 2 764 607 17256778 16 807381 1436 190 1 409 887 8 610 788 8 634816 d 33 032 8 651 8 2 52 032
9. Net income ............................. ..... 58 970282 79 224 332 224 340596 417080168 11039979 21 742 338 14697 818 108367161 6 527 892 7912015 28 624 340 37846250
10. Depreciation (Way and structure and Equipment) ... 44064545 42592548 262247378 248786371 16182779 16521909 96942471 94717245 3235626 3126488 19239327 18440990
11. Federal Income taxes ........................ ........ 24447 421 58692 592 130 780 290 315635 00 2151266 14 397 904 14 426 884 69223970 3 763 514 5 441 712 12 779 260 25 594683
12 Dividend approoriations:
12-01. On common stock .......................... 17778 098 17 406 286 121849621 124677514 2 654 315 3 442 687 13283574 21080218 310362 309 702 22407570 22 391205
12-02. On referred stock ........................ 1425190 7050712 47 247 876 46098361 d 1300 1566358 9226249 9802862 d 87 492 127 518 106
Ratio of income to fixed charges (Item 5-6-04) 2.93 3.42 2.22 3.15 1,82 2.35 1.24 2.14 5.57 6.50 4.37 5.43

EASTERN DISTRICT
INCLUDIsG SOUTHERN REGION WESTERN DISTRICT
POCAHONTAS REGION
Income Items For the month of June For the six months of For the month of June For the six months of For the month of June For the six months of
1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953

1. Net railway operating income ........................ 30 615 054 $43 506 5618123 849 924 $234 379 157 $11120 672 $15 714 591 $76998397 101045485 $37944610 $40442 590 $1443745418213244007
2. Other income ...................................... 5925752 7395977 41265554 40378806 2 641753 3 309351 10274600 12859814 8998386 9449388 63992663 58067362
3. Total income .................................. 36 540 806 50 902 538 165 115 478 274 757963 13762 425 19 023 942 87 272997 113 905 299 46 942 996 49 891 978 208 367204 271 311 369
4. Miscellaneous deductions from Income ............... 985 634 1 205 182 7096295 8897294 429 124 827 817 1790 366 4441777 1996 512 1940 565 12161803 11062 578
5. Income available for fixed charges ............ 35 555172 49697356 158019183 265860669 13333301 18196125 85482631 109463522 44946 484 47951413 196205 401 260 248 791
6. Fixed charges:
6-01. Rent for leased roads and equipment ....... 3547839 5 317603 27557221 31373373 684 822 880 186 4997268 4906 307 172 512 199 831 1002840 1069887
6-02. Interest deductions I/ .................... 12 941685 13 203135 77990685 79019040 4091 781 4032 797 24607454 24124500 10135 800 9 942 853 60546 037 59 689 890
6-03. Amortization of discount on funded debt ... 94 619 103 727 538 333 567997 26 195 42 925 124714 181 913 125 881 132 898 745 289 752 526
6-04 Total fixed charges ................... 16584143 18624465 106086239 110960410 5002 798 4 955 908 29 729436 29 212 720 10434201 10275 582 62294166 61 512303
7. Income after fixed charges ................... 18 971029 31072891 51932944 154900259 8330503 13240217 55753195 80250802 34512283 37675831 133911235 198736488
8. Other Deductions ............... ................ 1403158 1418538 8610786 8686848 264389 241 347 1577260 1448333 1175986 1104722 7068732 6672200
9. Net income ................................. 17 567 871 29 654 353 43 322158 146 213 411 8 066 114 12 998 870 54 175935 78802 469 33 336 297 36 571 109 126842 503 192064288
10. Depreciation (Way and structures and Equipment) ... 19418 405 19648397 116181798 113158235 6248 491 5882 899 37528011 34725603 18397649 17061252 108 537 569 100902533
11. Federal income taxes ................................. 5914 780 19 839 616 27 206144 94818653 2 912 683 8 627 138 31198738 63 656905 15619 958 30 225 838 72 375408 157159442
12. Dividend appropriations:
12-01. On common stock ........................... 2 964 677 3 752 389 35691144 43471423 2 349 330 1 879 580 24 367 108 21523028 12464 091 11774 317 61 791369 59 683063
12-02. On preferred stock.......................... 1387 1566358 9718376 10320 96 10223 5763108 2577618 1426577 5474131 31766392 33199775
Ratio of Income to fixed charges (Item 5.6-04) 2.14 2.67 1.49 2,40 2.67 3.67 2.88 3.75 4.31 4.67 3.15 4.23


UNITED STATES UNITED STATES
Selected Expenditure and Asset Items Balance at the end of June Selected Liability Items Balance at the end of June ANALYSIS OF NET INCO--ALL CLASS I RAILWAYS *
Balance the end. of June Balance at the end of June
1954 1953 1954 1953
1934 1953 1954 1953- ReportS showing Reports showing

17. Expenditures (gross) for additions and betterments- 90 40. Funded debt maturing within 6 months / ....... ..... $166,041,894 $156,337,472 Period Net Income Net Deficit
Road.$154,294,618 6179,904,743
18. Expenditures (gross) for additions and betterments- 41. Loans and bills payable 3/ 46,416,667 2,808,267 Number Amount Number Amount
Equipment 321,083,251 464,025,978 42. Traffic and car-service balances-Cr. ...... 101,873,251 104,529,460
19. Investments in stocks, bonds, etc., other than those 4 Audited accounts and wages payable 446,289,854 529,064,422 June .....1954 94 $62,877,469 28 $3,907,187
of affiliated companies (Total, Account 707) 403611,257 457,085,737 44 Miscellaneous accounts payable. ... 195,023,912 218,393,747 June .....1953 105 81,397,268 17 2,172,936
20. Other unadjusted debits *733 4J. Interest matured unpaid 48,488,738 47,581,193 6 months .1954 91 266,128,489 31 41,787,893
749,751 064 875, 69,905 46. Dividends matured unpaid 19,025,897 18,677,892 6 months .1953 105 431,053,812 17 13.973,644
21. Cash 4,754 875,3 9,9056 47. Unmatured interest accrued 60,999,005 66,510,041
22. Temporary cash investments 714,687,542 879,287086 4. Unmatured dividends declared 23,560,087 23,278,103
23. Special deposits 277,044 63661 49. Accrued accounts payable 232,475,786 221,840,871
24. Loans and bills receivable ...... 50. Taxes accrued.. 508,103,894 768,098,445
25. Traffic and car-service balances-Dr. 64,153,460 70,310,490 51. Other current liabilities 88,004,803 97,162,198
26. Net balance receivable from agents and conductors 150,697,218 179,754,368
27. Miscellaneous accounts receivable 322,265,402 358,934,338 52. Total current liabilities (items 41 to 51) 1,770,261,894 2,097,944,639 exclude 4 roads whose net income (or deficit, was
28. Materials and supplies ........ 807,668,575 833,256,060 absorbed by the controlling company.
29. Interest and dividends receivable ........ 14,312,617 11,190,245 53. Analysis of taxes accrued
30. Accrued accounts receivable 211,439,477 224,247,618 53-01. U. S. Government taxes ......... 329,547,625 582,779,801
31. Other current assets 27,353,169 35,941,156 53-02. Other than U. S. Government taxes ....... 178,556,269 185,318,644
54. Other unadjusted credits 252,201,538 276,968,894
32. Total current assets (items 21 to 31) .. .. 3,143,518.540 3,561,091,453


7


d Decrease, deficit, or other reverse item.
T_ Represents accruals, including the.amount In default.


2/ Includes payments of principal of long-term debt (other than
long-ter, debt In default) which becomes due within six months
after close of month of report.
2/ Includes obligations which mature not more than one year after
date of issue.


State Ntto. M-125
t9544




| OCT 1 154 I








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

FOR THE SIX MOmTHS ENED JMs 1954 AND 1953


Page 2


MET RAILWAY OPERATING NET INCOME EBAL INCOME DIVIIEND NET RAILWAY OPERATING T FEDERAL INCOME DITIVI NS
INCOME T TAXES APPROPRIATIONS INOOaME nT d w0 TAXES APPREDPRIATIONS
Region and railway 1954 1954 1953 19A4 19.5S eSagion and railway___________ _________ ____
1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


845$ 668 649 $224 3 d


Clinchfield .............................
Columbus and Greenville ................
Florida ast Coaat** ....................
Georgia R. R. Lessee Organization .....
Georgia & Florida* .....................
Georgia Southern and Florida ............
Gulf, Mobile and Ohio ...................
Illinois Central ........................
Louisville and Nashville ................
Miselssippi Central .....................
Nashville, Chattanooga & St. Louis ......
New Orleans and Northeastern ............
Norfolk Southern .......................
Seaboard Air Line .......................
Southern ................................
Tennessee Central ......................
Western Hy. of Alabama ..................


eastern District Total .............. 87,493,576 188,726,456 14,697,818 108,367,161 14,426,884 69,223,970 22,509,823 30,883,080

Eastern District Incl. Pocahontas
eon Total ..................... 123,849,924 234,379,157 43,322,158 146,213,411 27,206,144 94,818,653 45,409,520 53.792,391

New Zngland Region Total ............ 4,115,263 9,892,922 d 1.990.444 3,482,731 1,275,913 3,603.594 2,331,151 2,133,308

Bangor and Aroostook ................... 1,522,695 1,283,920 814,700 750,760 582,876 689,489 95,700 95,700
Boston and Maine ...................... d 172.530 2,531,642 d 2.055.068 604,796 158,410 948,383 721,276 -
Canadian National Lines in New England. d 891.291 d 712.866 d 964.263 d 785,907 -
Canadian Pacific Lines in Maine ....... 454,670 429,222 -
Canadian Pacific Lines in Vermont ..... 4 364.051 d 500.009 -
Central Vermont ....................... 165,604 428,725 54 18 d 404,679 -
Maine Central ......................... 1,104,047 1,369,212 484,144 712.301 350,627 707,722 40.,155 39,793
evw York Connecting ................... 150,962 523,519 & 170.555 194,271 -
New York, Nov Haven and Hartford ...... 2,256,852 4,611.326 672,420 2.490.592 184,000 1,258,000 1,474,020 1,997,815
Rutland ................................ 111.6954 71.769 d 117.633 79.403 -

Great Lakes Bagion Total ............ 37,859,287 88,213,306 13,027,821 57,782,564 7,263,600 31,269,972 15,785,701 14,358,492

Ann Arbor ............................. 264,536 535,554 178,964 442,945 d 9.975 268,641 -
Cambria and Indiana .................... 400,072 466,772 402,699 448,909 249,100 318,112 180,000 180,000
Delaware and Hudeon ................... 2,685,989 4,639,046 1,716,674 3,618.583 250,000 -
Delaware, Lackawanna and Western ...... 3,220,490 5,291,589 1,689,931 3,545,106 d 524,257 1,867,497 1,266,618 844,412
Detroit and Mackinac .................. 120,855 152,415 123,540 153,393 84,987 110,535 -
Detroit and Toledo Shore Line ......... 521,744 715,044 488,879 684,215 396,088 608,773 120,000 120,000
Irie .................................. 6,573,169 10,318,186 3,365,043 6,895,917 d 501.903 4,941,698 3,852,095 3,852,066
Grand Trunk Western ................... 1,488,804 3,907,915 d 500.061 1,915,222 3,815 -
Lehigh and Endson River ............... 166,525 223,456 174,901 228,598 108,083 171.653 140,910 140,910
Lehigh and New Ingland ............. 486,874 698,007 393,191 615,838 193,418 462,142 340,000
Lehigh Talley ......................... 2,280,617 5,200,826 659,014 3,244,461 d 211,100 1,148,500 897,539
Monongahela .............................. 170,442 3,145 d 69.536 d 225.401 31,993 -
Monto.r ............................... 293,685 266,621 279,689 245,977 200,039 210,758 -
New York Central ...................... 2,966,727 30,220,032 d 6.701.856 16,694,394 904,500 5,098,596 -
New York, Chicago and St. Louis ....... 8,067,077 11,052,103 5,794,744 8,990,092 5,632,000 9,249,000 4,135,675 2,938,240
New York, Ontario and Western** ....... d 747.237 d 196.734 d 1.480.151 d 934.289 -
New York, Susquehanna and Western ..... 132.729 270,916 d 35.092 4 10.719 750,000
Pittsburgh and Lake Erie .............. 4,103,623 6,944,137 3,585,814 5,461,514 192,037 2,862,740 2,590,950 2,590,950
Pittsburg & Shawmut ................... 367,333 377,045 250,899 296,230 d 8,195 -
Pittsburgh and West Virginia .......... 515,792 747,289 290,648 503,567 d 3,536 378,190 305,000 305,000
Wabash ................................ 3,779,441 6,379,942 2,419,887 4,968,012 554,119 3,295,524 2,296,914 2,296,914

Central eastern aReion Total ........ 45,519,026 90,620,228 3,660,441 47,101,866 5,887,371 34,350,404 4,392,971 14,391,280

Akron, Canton and Youngstown .......... 171,934 509,835 112,604 460,698 46,317 377,615 85,168 105,048
Baltimore and Ohio .................... 16,920,201 23,779,165 7,220,414 13,624,711 226,855 6,577,855 -
Bessemer and Lake Brie ....... ...... 2,049,324 2,793,675 1,914,100 2,674,096 570,535 3,054,982 209,988 209,988
Central R. R. Co. of New Jersey ..... 1,463,496 2,339,740 d 463.367 472,200 7,691 8,547 -
Chicago & Mastern Illinois ............ 1,644,779 2,114,471 784,307 1,275,769 d 90.500 459,604 870,413 973,117
Chicago & Illincie Midland ............. 160,631 354,781 112,733 305,298 85,899 309.585 -
Chicago, Indianapolis and Louisville .. 886,618 944,045 490,900 548,316 245,000 359,000 429,642 429,642
Detroit, Toledo and Ironton ............ 1,596,138 1,405,829 1,379,294 1,244,661 604,580 867,657 -
Elgin, Joliet and eastern ............. d 2.545.126 2,341,792 d 2.642.450 2,215,355 3,529,796 -
Illinois Terminal ..................... 270,845 541,875 d 17.321 235,741 d 108,160 89,907 -
Long Island** ......................... 2725.687 910.724 3.943069 d 2,420.170 -
Missouri-Illinois ...................... 386,255 548,350 402,934 564,596 247,500 568,000 --
Pennsylvania ........................... 17,073.915 42,690,362 d 5.665.085 19,100,362 1,250,000 10,539,000 9,875,816
Pennsylvania-BRading Seashore Lines ... d 2.064,569 d 2242748 2.545019 d 2704.248 374,021 374,031 -
Reading ................................ 6,679438 8,424,718 4,463,477 6,158,697 1,020,833 3,715,425 2,797,760 2,797,669
Staten Island Rapid Transit ........... d 326,848 d 243.736 d 588,814 d 505.458 -
Western Maryland ....................... 3,877,682 5,228,798 2,644,803 3,851,242 1,406,800 3.519,400 -


Pocahontas Region Total .............

Atlantic and Danville .................
beseapeake and Ohio ...................
Norfolk and Western ...................
Richmond, Fredericksburg and Potomac ..
Virginian .............................


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

Alabama Great Southern ................
Atlanta & Saint Andrew s Bay ...........
Atlanta and West Point ................
Atlantic Coast Line ...................
Central of Georgia ....................
Charleston & Western Carolina .........
Cincinnati, Now Orleans & Texas Pacific


* Report of receiver or receivers.
** Report of trustee or trustees.
d Deficit or other reverse items.


28,624,340

d 32.606
15.256.560
9,148,286
1,689,260
2.562.840


37,846.,250

12,473
21,689.723
11,776,788
1,735.359
2.631.907


12,779,260

3,500,000
5,925,000
1,149,912
2.204.348


- .-1 1 I 1 77


54,175,935


78,802,469


31,198,738


25.594,683

3,334
11,145,000
10,125,000
1,661,150
2.660.199


63,656,905


+ 4 + +
420,000


1,625,080
371,352
66,090
5,895,867
1,107,255
190,373
2,747,926


1,894,352
321,384
131,901
6,220,309
1,533,538
310,386
3,668,118


420,000
378,171

3,850,000
115,000
2,860,000


910,000
507.,71
45.367
3,350,000
736,891
255,000
4,130,000


22,899,697

12,057,257
8,658,800
620,064
1.563.576


30,130,216


896,828
419,818

2,062,453
1,705,420

1,794,000


22,909,311

12,066,871
8,658,800
620,064
1.563.576


24,100,646


896,828
2,459,984

2,062,453


1,855,335


$2,351,579
59,.488
2.287,654
399,484
d 39.064
151.438
4,204,202
10,714,778
11,683,308
78,746
2,339,859
778,601
269,823
11,817,079
15,439,957
79,898
259,766


$4,588,013
98,276
2,904,409
822,753
96,930
485,644
5.782,729
15,158,883
17,225,029
138,115
2,959,671
1,174,069
360,213
12,889,481
21,430,423
183,368
229,656


$69,415
d 14.315

d 551.851
21,069
2,767,927
6,971,288
8,651,884
32,618
1,704,794
812,778
219,864
10,274,369
11,053.492
d 80.919
239.579


$105,432
659,120
d 388.024
344,422
4,434,489
11,297,998
15,732,340
103,892
2,303,511
1,216,554
301,934
11,405,864
16,954.370
35,067
215,512


$665,613
85.800
70,000

d 2-500
1,529,000
5,871,000
1,938,690
957,803
755,000
103,236
4,055,700
7.520.000
26.225


$408.730
122,600
745,000

395,000
3,837,000
11,745,000
11,761,756
105,105
1,701.933
1,435,000
295,468
6,105,000
14,859,637
d 6,698
131,645


$24,375



812,915
4.513,663
4,680,000
60.358
511,967

327,762
4,228,751
8,091,906


$24.375



$2,438,746
3,834.674
4,680,000
60.358
511.,967

327,761
3.325,415
1,622,750


Western District Total ................ 144,374,541 213,244,007 126,842,503 192,064,288 72,375,408 157,159,442 93.557.761 92,882,838

Northwestern Region Total ............. 12.910,848 33,455,764 1,047,978 20,852,603 2,836,052 14,615,366 21,877,376 21,967,438

Chicago and North Western ............... d 2,666,208 1,371,179 d 5.275.319 1009.091 3,015,880 2,970,185
Chicago Great Western ................... 2,015,130 1,771,732 1,503,459 1,256,497 943,000 838,000 457.636 649,837
Chicago, Milwaukee, St. Paul and Pacific. 1,097,531 5,874,932 d 2.476.409 2,383,650 750,000 7,716,468 7,716,468
Chicago, Saint Paul, Minneapolis & Omaha. d 829856 d 128977 2.0 d 2514028 -
Duluth, Missabe and Iron Range .......... d 75.810 2,949,049 d 347.984 2,666,289 3,721,700 -
Duluth, South Shore and Atlantic ........ 172,112 294,397 18,486 177,915 120,000
Duluth, Winnipeg and Pacific ............ d 197,237 d 82.441 d 410.849 d 294443 -
Great Northern .......................... 6.631,493 9,727.507 7,112,146 9,307,075 1,200,000 4,218,031 6,073,639 6,090,689
Green Bay & Western ..................... 143,890 262,053 119,663 272,784 127,189 283,713 125,000 125,000
Lake Superior & Ishpeming ............... 17,067 368,670 7,860 367,202 177,026 149,940 224,910
Minneapolis & St. Louis .................. 1,008,309 908,994 942,394 850,408 329,558 636,035 420,000 300,000
Minneapolis, St. Paul & S.S. Marie ...... d 284865 479.018 d 268,857 d 479.004 298 -
Northern Pacific ................ ........ 2,061,442 6,775,415 1,125,967 5,410,870 2,180,000 3,719,565 3,719,565
Spokane International .................. 286,092 332,367 207,313 257,930 87,000 158,300 199,248 170,784
Spokane, Portland and Seattle ............ 2,333,538 3,064,976 631,468 1,413,307 280,000 1,030,000 -
Wisconsin Central ....................... 1,198,220 1,644,929 188,080 785,242 d 130.695 502,263 -

Central Western BRegion Total .......... 92,797,030 121,850,719 100,302,572 130,682,239 56,285,208 109,252,075 58,824,089 57,676,583

Atchison, Topeka and Santa Pe / ........ 28,641,584 40,852,613 25,960,752 38,118,191 19,583,000 38,260,000 15,239,620 15,239,620
Chicago, Burlington & Quincy ............ 13,548,042 14,682,612 10,951,667 12,422,022 6,940,000 11,714,934 5,979,355 5.,979,355
Chicago, Rock Island and Pacific ........ 8,670,430 14,078,689 7,573,719 12,834.831 2,796,000 8,470,000 5.139,147 4,455,061
Colorado and Southern ................... .. 576,132 1,124,033 575,091 1,124,969 141,255 950,927 339,988 -
Colorado & Wyoming ...................... 169,915 279,965 150,539 258,766 62,100 290,500 110,000 110,000
Denver and Rio Grande Western ........... 6,370,434 6,202,525 4,693,633 4,619,290 2,060,600 4,546,000 2,500,806 2,329,919
Fort Worth and Denver ................... 1,281,917 1,703,611 772,204 1,205,686 263,799 1,015,105 -
Northwestern Pacific .................... 203,585 255,731 215,263 266,833 200,208 67,155
Sacramento Northern** ................... d 71362 775,704 d 466.227 399,331 6,184 392,800 -
Southern Pacific Co., Incl. eased Lines.. 18,826,251 25,171,622 18,255,403 24.,601,427 5,402,155 18,469,577 13,570,683 13,570,683
Southern Pacific Tranmp. System b/ ...... 22,189,884 32,135,188 20,737,898 30,654,349 7,286,929 24,521,239 13,570,683 13.570,683
Toledo, Peoria & Western ................ 429,565 561,637 408,785 528,603 437,100 650,677 108,000 104,000
Union Pacific Incl. Leased Lines ........ 12,000,316 12,074,434 29,530,697 30,549,668 17,650,000 21,000,000 13,105,412 13,105,412
Utah .................................... d 180,164. d 59.649 185.797 d 59,289 -
Western Pacific ......................... 2.330.385 4,147.192 1,866,843 3,811,911 742,807 3,424,400 2.731,078 2.782.533


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

Beaumont, Sour Lake & Western** .........
International-Great Northern** ..........
Kansas City Southern ....................
Kansas, Oklahoma & Gulf .................
Louisiana & Arkansas ....................
Midland Valley ..........................
Missouri-Kaneas-Texaa ...................
Miss ouri-Pacifio** ......................
New Orleans, Texas & Mexico** ...........
Oklahoma City-Ada-Atoka .................
St. Louis, Brownsville and Mexico** .....
St. Louis-San Francisco ................
St. Louis, San Francisco and Texas ......
St. Louis Southwestern ..................
San Antonio, Uralde & Gulf** ............
Texas and New Orleans ..................
Texas and Northern ......................
Texas and Pacific .......................
Texas Mexican ...........................


38,666,663

825,155
1,301,043
3,722,464
371,448
2,720,379
109,164
3,326,161
9,087,491
679,948
161,877
1,552,303
4,693,512
198,344
2,303,002
d 304.114
3,363,633
163,886
4,281,099
109,868


57,937,524
1,142,305
2,029,686
4,404,331
680,532
3.146,887
145,067
5,097,547
12,656.856
590,999
101,556
1,558,155
7,186.855
253,888
5.642,323
d 355.365
6,963,566
179,471
6,293,625
219,240


25,491,953

911,627
44,760
2,802,079
311,998
2,481,509
143,038
1,733,409
2,418,152
d 622.962
171,190
1,157,156
2,319,140
188,959
5,871,355
d 410,829
2,422,495
163,536
3,329,588
55,753


40,529,446

1,214,936
735,277
3,421,172
614,591
2.879.913
133.457
3,573,201
5.884,.300
d 695,529
86,418
1,158,426
4,789,323
250,289
5,415,181
d 463.962
5,992,922
178,875
5,208,267
152.389


13,254,148

79,000

2,674,800
233,389
1,572,286
61,311
& 145.000
d 412,248
a 17.000
139,206
46,000
297,000
190,379
4,770,731
1,884,774

1,809,000
68,520


33,292,001 12.856,296 13.238,817


650,956
95,000
3,399,200
672,396
2,282,500
108,238
3,014,000
1,095,000
274,955
62,836
4 175.552
3,782,741
338.228
7.372,941
6,051,662
280,900
3,799,000
187,000


1,948,797
265,794

1,667,512



5.284,503

1,853,240

275,000
1.561,450


1,693,998
344.232

2,501,269



5,284,628

1,853,240


1.561,450


~J Includes Atchison, Topeka & Santa Fe By., Gulf, Colorado & Santa Ta By., and Panhandle 6 Santa Ye By.


a Includes Atchison, Topeka & Santa Fe Ry., Oulf, Colorado & Santa Fe By., and Panhandle & Santa Te By.
b/ Data not included in totals. Includes Southern Pacific Company, Texas and New Orleans R. R. Co., and leased lines.
U. S. GOVERNMENT PRINTING OFFICE: 1954 0 310320 (2)


543$ 222 862


45,652,701

57,710
28,566,435
11,672,611
1,772,053
3,583,892


d 33.109
22,176,835
9,028.523
1,610,830
3,573,269


76,998.397


101,045,485


1,205,301
374,050
46,207
6,634,786
1,931,531
381,065
3,548,861


1,481,304
311,146
115,039
5,398.778
2,168,615
513,968
4,528,973


U it t t t









Subject to revision


A ,f / i UNIVERSITY OF FLORIDA


f~ 33 1262 08851 3899 INTERSTATE COMMERCE COMMISSION
NOV 620V 5189BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

Compiled from 126 reports (Form IBS) representing 130 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


UNITED STATES EASTERN DISTRICT POCAHONTAS REGION

Income Items For the month of July For the seven months of For the month of July For the seven months of For the month of July For the seven months of

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


1. Net railway operating income ........................ 71113265 $94 421 704 6416 336 128 $643 223 3 54 9940878 31 492 034 $107 434 454 220 351 490 $5817672 $7 650721 $42 174020 $53303422
2. Other income................ .................... .. 16827962 17366708 132360780 128672690 4607232 5714 566 43259428 42707829 438233 745078 3251591 4130621
3. Total Income .................................. 87941227 111 788412 548696908 771896044 4748110 37206 600 150693882 263059 319 6255905 8395799 45425611 57434043
4. Miscellaneous deductions from income .............. 350927 3145710 24399392 27500460 602 140 494 109 5653624 6756633 320900 333995 2 365 711 2921865
5. Income available for fixed chargese........... 84590300 108 642 702 524297516 744395584 24145970 36712491 145040258 256302686 5 935 005 8061804 43059900 54512178
6. Fixed charges:
6-01. Rent for leased roads and equipment .. 4564188 6197291 38121517 43546858 3637497 5290627 31149314 36617686 8 023 6415 53427 52729
6-02. Interest deductions / .................... 27111598 27296039 190255774 190129470 11505942 11766049 81124463 82366160 1393609 1405975 9765772 9824904
6-0, Amortization of discount on funded debt ... 251408 256959 1659745 1759395 81480 79244 536824 560392 14 031 16 876 97021 103725
6- Total fxedcharges .................. 31927194 337502.89 230037036 235435723 15224919 17135920 112810601 119544238 1415663 1429266 9916220 9981358
7. Income after fixed charres ................... 52 663 106 74892413 294260480 508 959 861 8921051 19576571 32229657 136758448 4519342 6 632 53e 33143680 44 530 820
8. Other Deductione ........................ .......... 3297860 2909774 20554638 19764055 1454593 1469633 10065381 10151349 8078 d 2 60110
9. Net income ...................... ........... .. 49365246 71982639 273705842 489195806 7466458 18 106 938 22164276 126607099 4519342 6624460 33143682 44470710
10. Depreciation (Way and structures and Equipment) ... 44128611 42156692 306375989 290943064 16233831 15890597 113176302 110607843 3217048 3135439 22456375 21576429
11. Federal Income taxes ............................... 15780480 51878 806 146560770 367386806 439 097 10 509 543 14865981 79606513 1632 600 3 957 987 14411860 29 552670
12 Dividend appropriations:
12-01. D On commonstock............................ 25314258 19780491 147163879 144458005 1652217 12155392 14935791 33235610 5893619 d 128 28301189 22391077
12-02. On referred stock ......................... 2008695 4 474 575 49256571 50572936 1325830 840512 10552079 10643374 335130 218850 827257 736956
Ratio of income to fixed charges (Item 5+6-04) 2.65 3.22 2.28 3.16 1.59 2.14 1.29 2.14 4.19 5.64 4.34 5.46

EASTERN DISTRICT
INCLUDING SOUTHERN REGION WESTERN DISTRICT
POCAHONTAS REGION
Income Items For the month of July For the seven months of For the month of July For the seven months of For the month of July For the seven months of

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


Net railway operating Income .............. .......
Other income.......................................
Total Income .................................
Miscellaneous deductions from income ..............
Income available for fixed charges ...........
Fixed charges:
6-01. Rent for leased roads and equipment .......
6-02. Interest deductions e/ ....................
6-03. Amortization of discount on funded debt ...
6-04 Total fixed charges ................
Income after fixed charges ...................
Other Deductions .................................
Net income ...................................
Depreciation (Way and structures and Equipment) ...
Federal income taxes ..............................
Dividend appropriations:
12-01. On common stock ..........................
12-02. On preferred stock .......................
Ratio of Income to fixed charges (Item 5+6-04)


$149 608 474
46 511 019
196119 493
8 019 335
188 100 158
31202 741
90890 235
6335 845
122 726 821
65 373 337
10 065 379
55 307 958
135 632 677
29 277 841

43 236 980
11i379 336

1.53


*273 654 912
46 838 450
320493362
9 678 498
310 814 864
36 670 415
92 191064
664117
129 525 596
181289268
10 211 4 59
171 077 809
132 184 272
109 159 183

55 626 687
11380 330
2.40


$9 549 139
2 036 039
11 585 178
202 515
11 282 663
789 288
4083 779
28 438
4 901 505
6 3811 58
261 127
6 120 0 31

6 256 713
1 663 105

8 350 549
353048
2.30


$14 531 941
2 241709
16 773 650
456 539
16 317 111

779 599
4 052 470
29 609
4 861 678
11 455 433
241 353
11 214 080

5 962 205
7 093 135

5 891 813
10222

3.36


$86 547 536
12 310 639
98 858175
2 092 881
96 765 294
5 786 556
28691233
153152
34 630 941
62134 353
1838387
60295 966
43 784 724
33 061 843

32 717 657
6116156
2.79


$115 577426
15101523
130 678 949
4 898 316
125 780 633
5 685 906
28176 970
211522
34 074 398
91706235
1 689 686
90 016 549
40 687 808
70 750 040

27 414 841
2587840
3.69


$35 805 576
9 546 458
45 352 034
2125 372
43 226 662
129 380
10 128 268
127 4 59
10 385107
32 841 555
1 582 140
31 259 415
18 421 019
11 845 678

9 417 873
d 5 313
4.16


$40 747 008
8 665355
49 412 363

1 861 067
47 551296
120 650
10 071 54 5
131 230
10 323 425
37 227 871
1 190 710
36 037 161
17 168 451
30 318 141

1733414
3 404 991
4.61


$180 180 118
73 539122
253 719 240
14 287 176
239 432 06 4
1 132 220
70 674 306
872 748
72679274
166 752 790
8 650 872
158 101918
126 958 588
84 221 086

71 209 242
31761079
3.29


9253 991 016
66 732 717
320723733
12 923 646
307 800.087

1 190537
69761436
883 7 56
71835729
235 964 358
7 862 910
229 101 44
118 070 984
187 477583

61416 477
36 604 766
4.28


_______________________ .~, A ______ ______ ______


Selected Expenditure and Asset Items


17. Expenditures grossi 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
24. Special deposits .
2 Loans and bills receivable.........
22. Traffic and car-service balances-Dr. ..
2 Net balance receivable from agents and conductors
27. Miscellaneous accounts receivable
28. Materials and supplies
29. Interest and dividends receivable .. .....
30. Accrued accounts receivable
31. Other current assets
3P. Total current assets (items 21 to 31) .....


UNITED STATES

Balanoe at the end of July


Selected Liability Items


UNITED STATES

Balance at the end of July


i t I t. t


3,147,569,6991 3,589,124,226


40. Funded debt maturing within 6 months 2/...


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 ............. .............
Other current liabilities.. .... ..... ....
Total current liabilition (items 1 to 5l l


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


$172,821,462


37,695,833
103,065,249
442,155,690
188,812,207
25,601,674
8,133,159
70,627,562
38 269,025
242,858,419
538 986,931
87,407,238


1.783.612.987


343;938,172
195,048,759
257,578,305


$163,801,115


2,536,358
105,613,485
510,844,911
209,597,151
26,594,656
4,019,046
74,140,356
34,279,885
220,401,133
833,494,341
92,034,307


2,113,555,629


631,196,521
202,297,820
281,374,597


ANALYSIS OF NET INCOME--ALL CLASS I RAILWAYS *


Period


Reports showing
Net Income


Number Amount


Reports showing
Net Deficit


Number Amount


July .....1954 92 $54,199,244 30 $4,833,998
July .....1953 103 74,384,473 19 2,401,834
7 months .1954 90 316,852,875 31 43,147,033
7 months .1953 106 503,368,070 15 14,172,264




Include 4 roads whose net income (or deficit) was absorbed
by the controlling company fhe 7 months of 1954 and 1953
excludes an additional road which reported no not income
(or deficit) for this period.


. ._ __ __ __.__ __.__ __.._ __ __._ .-._ ___._ ._ __ __.


d Decrease, deficit, or other reverse item.
I/ Represents accruals, including the amount in default.


2/ Includes payments of principal of long-term debt (other than
long-term debt in default) which becomes due within six months
after close of month of report.
2/ Includes obligations which mature not more than one year after
date of issue.


Statement No. M-125
JULY 1954


$25 758 5 50
5 245 465
31004 015
923 040
30080975

3 645 520
12 899 551
95 511
16 640 582
13 440 393
1 454 593
11 985 800
19 450 879
2 071 697

7 545 836
1660960

1.81


$39 142 755
6 459 644
45 602 399
828 104
44 774 295
5 297 042
13 172024
96 120
18 565 186
26 209 109
1 477 711
24 731 398
19 026 036
14 467 530

12 155 264
1 059 362

2.41


9-


$180,812,711

356,038,166
403,070,541
92,329,418


766,934,126
741,933,876
72,951,544
292,370
60,799,971
151,699,708
312,673,097
788,949,791
14,709,549
208,113,668
28,511,999


$214,833,579
528,654,648
461,442,685
91,570.002


851,391,866
956,104,950
73,662,752
625,418
64,133,925
174,967,098
358,779,615
833,081,872
11,369,213
228,312,851
36,694,666


? 1 .-- --- -- -- --- --- ---- --------- i --*-I--,"-- i


- i i


-L


., I -


-t


C- .- --------- -Ub -I--. .- -- r1 1









INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR UT S IN MONTHS BIDED J T 1954 AID 1953


Page 2


N T RAILWAY OPERATING e INCOME FEDERAL INCOME DIVIDED NET RAILWAY OPERATING gT INCOME FEDERAL. INCOME DIVIDEND
INCOME TAXES APPROPRIATIONS IINOME TAXES APPROPRIATIONS
Region and railway Region and railway

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953

United States Total ................. $416,336,128 $643,223,354 $273,705,842 $489,195,806 $146,560,770 $367,386,806 $196,420,450 $195,030.941 Southern region Continued
Eastern District Total .............. 107.434,454 220,351.490 22,164,276 126,607,099 14,865,981 79,606,513 25,487,870 43,878,984 Clinchfield ............................. $2,763,074 $5,089,597 $661,850 $570,186 -
Columbus and Greenville.................. 49,971 98,831 $61,921 $106,825 81,700 127,700 $24,375 $24,375
Eastern District Incl. Pocahontes Florida last Coast** ..................... 1.767,479 2,894,789 d 922,142 267,954 355,000 -
Regaon Total ..................... 149,608,474 273,654,912 55,307,958 171,077,809 29,277,841 109,159,183 54,616.316 67,007,017 Georgia R. R. Lessee Organization ..... 450,926 952,563 -
Georgia & Florida .......................d 117.121 111,587 d 715.144 d 454.744 -
New England Region Total ............ 5,054,730 10,648,094 d 1.837.211 3,367,068 1,086,021 3,765,304 2,399,079 2,153,374 Georgia Southern and Florida ............. 104,199 533,729 d 48,325 371,22 d 2500 415,000 -
Gulf, Mobile and Ohio ................... 4,855,083 6,627,188 3,199,710 5,071,957 1,747,000 4,352,000 1,625,831 2,438,746
Bangor and Aroostook .................. 1,612,460 1,413,168 772,413 772,712 477,817 692,326 143.550 95,700 Illinois Central ........................ 12,696,024 18,010,368 8,317,314 13,489.452 7,016,000 13,908,000 4,513,663 3,834,674
Boston and Maine ...................... d 148.334 2,807,037 d 2.368.774 557,943 184,777 974,959 721,276 Louisville and Nashville ................ 12,918,455 20,047,437 9,299,286 18,080,715 1,444,141 13,401,532 7,020,000 7,020,000
Canadian National Lines in New England d 1.064.465 d 816,270 d 1,149.132 d 901,070 Mississippi Central ..................... 95,877 173,114 42,648 130,250 1,019 83,032 60.,358 60,358
Canadian Pacific Lines in Maine ....... 386,441 319,699 Nashville, Chattanooga & St. Louis ...... 2,632,924 3,412,715 1,880,151 2,655,963 1,001,866 1,899,000 767,951 767.951
Canadian Pacific Lines in Vermont ..... d 427,540 d 647,795 New Orleans and Northeastern ............. 976,727 1,429,043 1,014,599 1,480,215 965,000 1,705,000 -
Central Vermont ....................... 93,124 455,613 d 863.461 d 513.805 Norfolk Southern ........................ 296,623 431,371 245,123 372,758 111,236 360,468 327,762 327,761
Maine Central .......................... 1,149,907 1,502,000 493,968 727.574 219,427 672,019 60,233 59,859 Seaboard Air Line ....................... 13,405.592 14,579,146 11,655,118 12,878,131 4,433,700 6,589,000 6,578,081 3,325,415
New York Connecting ................... 113,722 492,741 d 259.931 110.357 southern ................................ 17,772,924 24,657,142 12,558,478 19,340,700 8,545,000 16.859,637 9,714,656 3.245.500
New York, New Haven and Hartford ...... 3,479,977 5,339,954 1,683,416 2,848,256 204,000 1,426,000 1,474,020 1,997,815 Tennessee Central.......................... 102,414 187,725 d 71,148 11,844 a 6.698
Rutland ............................... d 140,562 d 218.053 d 145.710 d 234.899 Western By. of Alabama .................. 277,746 277,716 256,467 264,818 20,955 168,271 150,000 150,000
Great Lakes Raegion Total ............ 45,030,443 102,287,227 14.987,492 66,465357 7,570,004 35,715.841 17869,750 27,054.748 Western District Total ................ 180.180,118 253,991.016 158,101,918 228,101,448 84,221,086 187,477.583 102,970,321 98,021,243
Ann Arbor ............................. 302,094 615.334 201,444 506,631 d 17.,066 316,286 Northwestern Region Total ............. 23,292,859 42.901,540 8,279,715 27,316.326 5,924,073 20,834,912 30,201,784 25,008.560
Cambria and Indiana ................... 450,583 539,911 453,732 520,652 275,110 368,132 180,000 180,000
Delaware and Hudson ................... 3,013,171 5,364,923 1,886,634 4,186,040 250,000 Chicago and North Western ............... d 2.397.892 1,611,626 d 5.450.906 d 1.177.394 3,015,880 2,970,185
Delaware, Lackawanna and Western ...... 3,648,503 5,984,295 1,780,480 3,876,724 d 687,140 1,883,033 1,266,618 844,412 Chicago Great Western ................... 2,344,378 2,167,619 1,756,551 1,559,205 1,109,000 1,038,000 457,636 649,837
Detroit and Mackinac ................... 147,184 181.700 147,320 179.349 "100,458 136,142 Chicago, Milwaukee, St. Paul and Pacific 1,095,348 6,442,887 1 2,8.U5.34 2,405,515 471,000 7,716,468 7,716,468
Detroit and Toledo Shore Line ......... 565,275 812,666 526,086 777,040 414,188 687,124 140,000 140,000 Chicago, Saint Paul, Minneapolis & Omaha d 854.848 d 1,421,109 d 2.257.626 d 2,799926 -
Iri ..................................... 7,453,591 11,670,658 3,704,365 7,665,430 d 1.541.789 5,343,114 3.852,095 3,852,066 Duluth, Missabe and Iron Range .......... 2,361,635 4,640,327 2,043,737 4,309,631 864,300 6,542,600
Grand Trunk Western ................... 1,308,427 4,127,272 d 1.023.918 1,811,944 4,770 Duluth, South Shore and Atlantic ........ 224,728 384,860 34,888 251,303 120,000
Lehigh and Hudson River ............... 195,920 260,232 204,996 266,508 125,486 199,559 140,910 140,910 Duluth, Winnipeg and Pacific ............ d 141,646 d 180,889 d 391.410 d 428,491 -
Lehigh and New Ingland ............... .... 564,816 836,588 455,127 739,361 222,694 566,591 340,000 Great Northern ......................... ..9,773,493 12,866,693 9,717,444 11,863,273 3,125,000 6,455,921 9,398,047 9,131,811
Lehigh Valley ......................... 2,609,934 6,133,700 692,016 3,850,241 d 311.100 1,272,800 897,539 Green Bay & Western ..................... 160,925 303,824 127,079 316,702 147,410 334,000 125,000 125,000
Monongahela ............................. 162,372 413 d 116,870 d 266.062 Lake Superior & Ishpeming................. 243,396 590,847 231,453 587.537 53,500 357,026 149,940 224,910
Montour ............................... ... 323,847 308,097 307,626 1 284,202 208,009 243,280 Minneapolis & St. Louis ................. 1,129,198 1,052,378 1,047,584 972,483 385,558 737,504 5,420,000 300,000
New York Central ....................... 5.347,568 35,434.383 d 7.,020.338 19,334,646 1,035,700 5,767,512 3,223,697 Minneapolis, St. Paul & S.S. Marie ...... 382,379 79,036 298 -
New York, Chicago and St. Louis ....... 9,492,056 12.999,784 6,888,942 10,615,223 6,767,000 10,919,500 6,199,724 12,390,799 Northern Pacific ........................ 4,551,036 8,400,194 3,072,613 6,520,444 2,810,000 3,719,565 3,719,565
New York, Ontario and Western** ....... d 883.073 d 290.382 d 1.736.423 d 1,149.398 Spokane International ................... 350,231 395,096 258,880 308,033 90,000 191,300 199,248 170,784
New York, Susquehanna and Western ..... 124,271 314,210 d 83.232 462 750,000 Spokane, Portland and Seattle ........... 2,766,207 3,619,603 787,805 1,689.406 280,000 1,220,000 -
Pittsburgh and Lake Erie .............. 4,600,292 8,076,444 4,056,231 6,384,349 108,432 3,324,057 2.590,950 2,590,950 Wisconsin Central ....................... 1,304,291 1,948,548 157,557 938,605 d 130.695 557,263
Pittsburg & Shawmut ................... 383,680 431,191 247,708 336,985 d 8.195 -
Pittsburgh and West Virginia ........... 557,698 869,334 295,569 584,337 d 3,536 410,542 305,000 305,000 Central Western Reaion Total .......... 110,728,314 143,690,062 119,911,265 153,746,873 63,995,291 129,096,090 58,818,776 57,830,452
Wabash ................................ 4,662,234 7,616,474 3,119,997 5,960,693 873.558 4,031,594 2,296,914 2,296,914 -----------
1Atchison, Topeka and Santa Fe / ........ 35,214,270 48,697,623 32,132,285 45,691,399 22,731,000 46,951,000 15,239,620 15,239,620
Central Eastern Region Total ........ 57,349,281 107,416,169 9,013,995 56,774,674 6,209,956 40,125,368 5,219,41 14,670,862 Chicago, Burlington & Qinncy ............ 15,660,328 17,898,897 12,597,754 15,193,826 7,608,618 14,067,834 5,979,355 5,979,355
Chicago, Rock Island and Pacific ........ 10,430,879 16,973,137 9,141,440 15,528,743 3,729,000 10,484,000 5,139,147 4,455,061
Akron, Canton and Toungstown ........... 186,252 579,610 118,738 523,280 41,915 424,889 85,168 105,048 Colorado and Southern ................... 672,241 1,291,117 666,073 1,290,852 151,745 1,062,188 339,988 169,994
Baltimore and Ohio ..................... 19,332,881 27,663,558 8,358,601 1 15,749,661 160,326 7,051,717 Colorado & Wyoming ...................... 201,332 327,761 178,830 302,825 84,400 342,600 110,000 110,000
Bessemer and Lake Erie ................ 2,752.523 3,493,244 2,593,372 3,350.882 1,124,541 4,018,525 209,988 209,988 Denver and Rio Grande Western ........... 7,325.284 6,958,100 5,391,765 5.163.967 2.262,500 5,067,000 2.495,493 2,329,919
Central R. R. Co. of New Jersey ....... 1,667,431 2,753.432 d 581,144 552,693 8,980 9,836 Tort Worth and Denver ................... 1,629,003 1,923,324 1,031,973 1,340,800 445,612 1,108,415 -
Chicago & Eastern Illinois ............. 1,988,031 2.528,375 982,233 1,545.373 d 176,000 622,304 973.154 973,125 Northwestern Pacific ..................... 316,427 381,160 330,381 394,567 310,614 55.520
Chicago & Illinois Midland ............. 197,691 451,498 141,095 392.730 116,499 404,385 Sacramento Northern* ................... d 59,582 1,024,802 d 521079 587,033 6,184 601,100 -
Chicago, Indianapolis and Louisville .. 1,028,096 1,101,613 573,744 639,431 281,000 419,000 429,642 429,642 Southern Pacific Co., Incl. Leased Lines 21,805,945 28.569,724 21.070,042 27,508,339 4,796,724 19,980,336 13,570,683 13,570,683
Detroit, Toledo and Ironton ........... 1,784,791 1,637,811 1,535,111 1.445,030 626,012 1,004,860 Southern Pacific Tranep. System b ...... 25.355,329 36,251,502 23,587,853 34,126,583 6,465.578 26,656,162 13.570,683 13,570,683
Elgin, Joliet and Eastern ............. d 1.676.364 2,894,107 d 1.770,447 2,747,365 4,158,464 Toledo, Peoria & Western ................. 467,.555 613.941 443,964 586,236 474,280 752.297 108,000 104,000
Illinois Terminal ..................... 321,346 652,136 d 12,742 297,632 d 118.960 124,007 Union Pacific Incl. Leased Lines ........ 14,462,962 14,461,552 35,455,018 35,994,209 20,650,000 25,000,000 13,105,412 13,105,412
Long Island** ......................... d 2.657.487 4,888 d 4,071,422 d 1.449.524 Utah .................................... d 202.404 d 65.048 d 209,160 d 64,860 -
Missouri-Illinois ...................... 536,957 634,990 556,232 654,425 247,500 700,700 Western Pacific ......................... 2,804,074 4,633,972 2,201,979 4,228,937 744,614 3,623,800 2,731,078 2,766,408
Pennsylvania .......................... 22,516,718 49,833,454 d 3,955,782 22,257,854 1,292,000 12,657,000 9,875,816
Pennsylvania-Beading Seashore Lines ... d 2,176.554 d 2.405.241 d 2.737.080 d 2.945.491 210,289 436,370
Reading ................................ 7,567,964 9,814,582 5,052,982 7,149,794 923,254 4,142,711 3,077,539 3,077,243 Southwestern.Reion Total ............. 46,158,945 67.399,414 29,910,938 47,038,249 14,301,722 37,546.581 13,949,761 15,182,231
Staten Island Rapid Transit ...........d 415.443 d 262.997 d 720100 d 568.880 -
Western Maryland ...................... 4,394,448 6,041,109 2,950,604 4,432,419 1,472,600 3,950,600 443,550 Beaumont, Sour Lake & Western** ......... 945,759 1,264,560 1,046,341 1,350,644 79,000 679,956
International-Great Northern** .......... 1,441,096 2,377,150 d 20,683 873,511 d 26.000 17,000 -
Pocahontas Region Total ............. 42,174.020 53,303.422 33,143,682 44,470,710 14,411,860 29,552,670 29,128,446 23,128,033 Kansas City Southern .................... 4,369,461 4,973,533 3,282,139 3,861,769 3,118,800 3,629,200 1,948,797 2,540,996
Kansas, Oklahoma & Gulf .................. 438,115 766,160 367,968 689,865 278,948 747,386 265,794 344,232
Atlantic and Danville ................. d 60.994 50,107 d 67.053 466 4,001 Louisiana & Arkansas ..................... 3,064,491 3.682,595 2,806,964 3,391,257 1,752,286 2,612,500 -
Chesapeake and Ohio ................... 25,654,557 33.381,745 17,646,467 25,685,006 3,900,000 12.940,000 18,066,104 12,065,691 Midland Valley .......................... 128,505 168,343 153.439 145,338 69,821 121,109 -
Norfolk and Western ................... 10,434,738 13,802,306 10,510,758 13,878,118 6,775,000 11,975,000 8,878,702 8,878,702 Missouri-Kansas-Texas ................... 4,033,971 5.939,228 2,174,349 4,140,514 d 2.000 3,497,000 1,667,512 2,501,269
Richmond, Fredericksburg and Potomac .. 1,870,498 1,981,029 1,961,668 1,930,716 1,335,912 1,686,650 620,064 620,064 Missouri-Pacific** ...................... 11,875,180 15,436,168 3,928,002 7,327,154 d 412.248 1,903,000
Virginian .............................. 4,275,221 4,088,235 3,091,842 2,976,404 2,400,948 2,947,019 1,563,576 1,563,576 New Orleans, Texas & Mexico** ............ 918,490 664,559 d 603.377 d 836.162 d 159000 214.955 -
Oklahoma City-Ada-Atoka .................. 164,421 110,725 173,917 95,206 141,437 71,624
Southern Re ion Total ............... 86,547.536 115,577.426 60,295,966 90,016,549 33,061,843 70,750,040 38,833,813 30,002,681 St. Louis, Brownsville and Mexico* ..... 1,729,557 1,664,883 1,265,795 1,185,967 48,000 d 149552 -
St. Louis-San Francisco ................. 5.573,225 8,251.750 2,768,049 5.581,969 416,ooo00 4,279,741 6,377,968 6,381,044
Alabama Great Southern ................ 1,371.452 1,699,991 1,772,396 2,103,986 430,000 910,000 896,828 896,828 St. Louis, San Francisco and Texas ...... 218,520 315.321 207,306 311.122 197,379 409,228 -
Atlanta & Saint Andrews Bay ........... 429,906 357,524 426,751 356,917 439,876 573,914 539,766 2,879,872 St. Louis Southwestern .................. 2,955,952 6,530,153 6,472,988 6,269,309 5,173,925 8,075,308 1,853,240 1,853,240
Atlanta and West Point ................. 60,489 127,957 89,943 154,313 52,107 24,636 73,908 San Antonio, Uvalde & Gulf** ............ d 273.896 d 253,585 d 396.540 d 381558 -
Atlantic Coast Line ................... 6,915,286 5,600,096 6,613,557 7,046,231 2,825,000 2,550,000 3,091,736 3,091,736 Texas and New Orleans ................... 3,549,384 7,681,778 2,447,811 6,548,244 1,668,854 6,675,826
Central of Georgia .................... 2,252,552 2,432,788 1,296,004 1,679,785 736,891 1,704,170 Texas and Northern ...................... 195,131 205,607 194,781 204,999 332,300 275,000 -
Charleston & Western Carolina ......... 396,574 569,678 174,716 332.404 65,000 275,000 Texas and Pacific ....................... 4,749,299 7,376,939 3,630,003 6,111,427 1,936,000 4,206,000 1,561,450 1,561,450
Cincinnati, New Orleans & Texas Pacific 4,072,360 5.275,331 3,148,543 4,274,851 3,275,000 4,865.000 1,794,000 1,865,557 Texas Mexican ........................... 82,284 243,547 11,686 167,674 20.520 224,000
WInldsAcioTpk at eB. uf olrd at eB. ''PnadeASnaF y


* Report of receiver or receivers.
R" Report of trustee or trustees.
d Deficit or other reverse items.


AL Includes Atchison, Topeka & Santa Fe By., Gulf, Colorado & Santa 1e Ry., ald Panhandle & Santa Te sy,
Data not included in totals. Tn^I.1A. Ar thern Pacific Company, Texas and New Orleans R. R. Co., and leased lines.
U. S. GOVERNMENT PRINTING OFFICE: 1955 0 3103Z0 ( 3)








Subject to revision


Income Items


.- -- o^



I L
('240
-^ H
- :. Ui

> ;KJ*


1. Net railway operating income ......................
2. Other income .....................................
3. Total income .................................
4. Miscellaneous deductions from income ..............
5. Income available for fixed charges ...........
6. Fixed charges:
6-01. Rent for leased roads and equipment .......
6-02. Interest deductions .......... ..........
6-03. Arortization of discount on funded debt ...
6-04. Total fixed charge ..................
7. Income after fixed chorgeae ...................
8. Other Deductions ..................................
9. Net income ...................................
10. Depreciation (Way and structures and Equipment) ...
11. Federal income taxes ............................
12 Dividend appropriations:
12-01. On common stock .........................
12-02. On preferred stock......................
Ratio of income to fixed charges (Item 5-6-04) .


UNIVERSITY OF FLORIDA



3 1262 08851 3741


INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

Compiled from 126 reports (Form IBS) representing 130 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


UNITED STATES


EASTERN DISTRICT


For the month of August For the eight months of For the month of August For the eight months of For the month of August


1954 1953


r r 1' __I-__- __ -1 ,-- -7


$84 072 977
18 212 2 14
102 285 191

3 216 570
99 068 6 21

4 569 118
27 000 774
265 045
31 834 937
67 233 684
3 024 027
64 209 6 57
44 212 918
19 998 880

21 871 146
4536 959
3.11


$101 631 612
20 806 750
122 438 362
3 997 814
118 440 549
6 231 686
27 140 422
241 885
33 613 993
84 826 556
3 303 505
81 523 051
42 256 3 72
56 624 106

29 281 127
4 802 527

3.52


$500409 104
150 572 995
650 982 099
27 615 962
623 366 137
42690 6 36
217 256 546
1924790
261871972
361 49416 5
23 578 66 5
337 915 5 00
350588907
166 559 650

169 035 02 5
53 793 530

2.38


$744 877967
149479439
894 357406

31498 272
862 859134

49 778 545
217 269 892
2001280
269 049 717
593 809 417
23067560
570741 857
333199 437
424 380 912

173 739 132
55 375 463

3.21


$23 737 240
4 091 596
27 828 836

265 337
27 563 49 9
3 635 4 51
11 424 8 50
86 184
15 146 485
12 417 014
1 414 4 69
11 002 545
16206482
444 2 17

1 091 32 9
413 463

1.82


$34 238 993
6 333 235
40 572 228

915 683
39 6568 45
5 317 681
11 702 021
80 125
17 099 827
22 556 718
1 463 141
21 093 577

15 906 035
14 576 4 89

172 500
467 548

2.32


$131 171 694
47 351 02 5
178 522 719

5 918 961
172 603 758
34 784 766
92 549 313
623 008
127 957 087
44 646 671
11 479 850
33 166 821
129 382 784
15 310 198

16 027 120
10 965 542

1.35


$254 613 483
49041063
303 654 546
7 672 316
295 982 230

41 935 367
94 068 181
640 5 17
136 644 065
159 338 165
11 614 490
147 723 675
126 513 876
94 553 002

33 408 110
11 110 922

2.17


B 109 965
222 806
8 332 791

374 525
7 958 266

7 162
1389 868
14 030
1 411 060
6 547 206

6 547 206
3 216148
3 989 500

5 001 066
1676 775

5.64


$11078 039
381 144
11 459 182
350 532
11 108 650

6 546
141732 8
15 004
1 438 878
9 669 772
8 078
9 661 694
3 142 821
7 933 322

10 888 893
1 823 996

7.72


6









A


EASTERN DISTRICT I I I--
P C AuIRGO SOUTHERN REGION WESTERN DI
POCAHONTAS REGION
Income Items For 'the month of August For the eight months of For the month of August For the eight months of For the month of August

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


1. Net railway operating Income ......................
2. Other Income ......................................
3. Total income .................................
4. Miscellaneous deductions from income ..............
5. Income available for fixed charges ...........
6. Fixed charges:
6-01. Rent for leased roads and equipment .......
6-02. Interest deductions !/ ...................
6-03. Amortization of discount on funded debt ...
6-04 Total fixed charges ..................
7. Income after fixed charges ...................
8. Other Deductions .................................
9. Net income ...................................
10. Depreciation (Way and structures and Equipment) ...
11. Federal income taxes ..............................
12. Dividend appropriations:
12-01. On common stock ..........................
12-02. On preferred stock .......................
Ratio of Income to fixed charges (Item 546-04)


Selected Expenditure and Asset Items


17. Expenditures grossi for additions and betterments-
R o a d. .. ......... .......... ... ...... ....... ... ..
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 car-service balances-Dr. .... ...... .
2 Net balance receivable from agents and conductors.
27. Miscellaneous accounts receivable
28. Materials and supplies .... .. ...... ........
29. Interest and dividends receivable .. ...........
30. Accrued accounts receivable
31. Other current assets
32. Total current assets (items 21 to 31) ..


$31 847 225
4 314 402
36 1616 27
639 862
35 521 765
3 642 613
12 814 718
100 214
16 557 545
18 964 2 20
1 414 469
17 549 7 51
19 422 630
4 373 717

6092 395
2 090 238

2.15


$45 317 0 32
6 714 379
52 031 411
1 266 21
50 765 19E
5 324 227
13 119 349
95 129
18 538 705
32 226 4 90
1471 219
30 755 271
19 048 854
22 509 811

11 061 393
2 291 544

2.74


$181 455 699
50 825 422
232 281121
8 659 197
223621924
34 845 355
103 704 953
734 05 9
139 284 367
84 337 557
11479 848
72 857 709

155 055 307
33 651558

49 329 375
13 469 574

1.61


$318 994 944
53 552 828
372 547772
10 944 714
361 603 058
41 994 642
105 310 413
759 246
148 064 301
213 538 7 57
11682 678
201 856 079
151233126
132 038 994

66 688 080
13 671874

2.44


$12 565 2 16
1 504 709
14 069 9 25

671 2 87
13 398 638
800 536
4 082 455
21 854
4 904 845
8 493 793
264 318
6 229 475

6 268 479
4 322 365

1 813 173
1

2.73


$16 639 707
1 701 24 5
18 340 952
776 828
17 564 124

780 387
4 037 203
24 758
4 842 348
12 721 776
241383
12 480 393

5 963 610
8 634 743

1 861 354
10 223

3.63


$99 112 752
13 815 348
112 928 100
2 764168
110 163 932
6 587 09 2
32 773 688
175 006
39 535 786
70628 146
2 102705
68 525 441
50053203
37 384 208

34 530 830
6116157

2.79


$132 217 133
16 802 768
149 019 901

5 675 144
143 344 757
6 466 293
32 214 173
236 280
38 916 746
104 428 011
1931069
102 496 942

46 651 418
79384783

29 276 195
2 598 063

3.68


$39 660 536
12 2z93 102
52 053 6 39
1 905 4 21
50148 218

125 969
10 103 601
142 977
10 372 547
39 775 6 71
1 345 240
38 430 4 31

18 521 809
11 302 798

13 965 578
2 446 720

4.83


$39 674 874
12 391 126
52 066 000
1 954 770
50 111 230
127072
9 983 870
121 998
10 232 940
39 878 290
1590903
38 287 387

17 243 908
25 479 552

16 358 380
2 500 760

4.90


Statement No. M-12S

AUGUST 1954








REGION NOV 14

For the eight months of C.

1954 1953

!50284 005 $64 381 461
3474397 4511765
53758402 68893226
2 740 236 3 272 398
51018166 65620820
60 589 59 275
11155 640 11242232
111051 118729
11327280 11420236
39690886 54200592
1 2 68 186
39 6950 U6 54 132 404
25672523 24719250
18 341360 37485992

33 302255 3327997C
2 504 032 2 560 952

4.50 5.75


STRICT

For the eight months of
1954 1953


$219 840 653
85 932 225
305 772 878

16 192 597
289 580 281

1258189
80 777 905
1015 725
83 051 819
206 528 462
9 996112
196 532 350
145 480 397
95 523 884

85 174 820
34 207 799

3.49


$293 665 890
79 123 843
372 789 733

14 878 414
357 911 319

1317610
79 745 306
1 005 7 54
82068670
275 842 649
9453 813
266 388 836
135 314 893
212 957 135

77 774 8 57
39105 526

4.36


____________ I ____________ ____________
1' h J 1.. _______


UNITED STATES

Balance at the end of August
1954 1 1953


Selected Liability Items


UNITED STATES

Balance at the end of August
1954 1953


1954 1 1953
*1* 1 1- 4 4


$202,940,677
384,546,993
402,868,145
92,055,410


* I


819,420,559
794,559,876
81,698,761
216,691
63,382,685
151,109,885
299,419,711
767,669,110
16,324,140
211,231,995
28,314,888


$249,268,734

589.453,416
461,775,499
94,549,020
902,115,363
1,002,768,841
69,892,103
617,460
65,027,444
182,300,805
361,741,800
831,514,674
16,499,800
242,191,806
37,448,271


3.233.348.301 3.712.118.367


40. Funded debt maturing within 6 months _/...


$176,945,497


- b &


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 ... .. .............. ... .
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..............--------- ---......--- ......


27,269,117
102,593,152
436,614,481
186,599,051
21,606,356
10,613,263
81,185,808
53,230,201
251,188,172
569,023,061
88,628,689


363,229,461
205,793,600
266,779,883


$165,201,117


2,751,950
110,090,817
515,113,384
209,912,594
22,401,681
11,169,275
82,867,754
52,786,270
229,264,073
894,335,253
93,267,662


,
I I


681,010,828
213,324,425
280,656,584


ANALYSIS OF NET INCOME--ALL CLASS I RAILWAYS *


Period


Reported showing
Net Income


August ... 1954 102 $66,997,621 20 $2,787,964
August ... 1953 109 82,949,196 13 1,426,145
8 months 1954 91 377,205,295 31 39,289,795
8 months 1953 105 584,984,976 17 14,243,119


Reports showing
Net Deficit


* Excludes 4 roads whose net income (or deficit) was
absorbed by the controllinM company.


- .. I .. ..-..-..-..-..- .I-I-- I---,-- ,------_ __I_ _


d Decrease, deficit, or other reverse item.
1/ Represents accruals, including the amount in default.


2/ Includes payments of principal of long-term debt (other than
- long-term debt in default) whioh becomes due within six months
after close of month of report.
/ Includes obligations which mature not more than one year after
date of issue.


---L


----- ----------- .- -- I


I


'


POCAHONTAS


1953


Number Amount


Number Amount


1 828 551 351


2 223 960 713








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

OR T3 EIT MONTHS ~WD AUST 1954 AID 1953


ET RAIIATYOPERATING GT IENOM I ERA IEOMN DIVIcoiD NET RAIIWAT OPERATING IRALAi IECOaE DIVIIEND
Region nd railwayM TN APPROPRIATIOion an railway IK T IM TAXES APPROPRIATIONS

1954 1953 53 1954 1953 19544 1953 1954 1953 19594 ] 1953 1954 1953


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


Eastern District Total ..............


lastern Distriot Inl. Pocebata,
oANion Total ....................


$500,409,104 $744,877,967 $33 5


........ ... T_-- --I-1l .-..


147,723.675


102 856 079


15.1019 4.5.00 6.99.6 9. ovs


..................... I Y F; J 0 A 0 .U "" -. M .359.95
Neo Inrland Raton Total ............ 6.540.182 12,228,547 d 1.160.599 4.037.577 995,460 4.498.849 2,399,079 2,201,224

Bangor and Aroostook .................. 1,766.998 1.534,635 787,752 778.437 405.023 670,998 143,550 143.550
Boston and Maine ........................ 121,997 3399563 d 2.415.038 827948 190.932 1,296,534 721,276
Canadian National Lines in Now Englan, d 1.209.8 d 1003634 d 1.3o6.21 d 1.100.739 _
Canadian Pacific Lines In Maine ;..... 328,392 244,024 .
Canadian Pacific Lines in ront ..... 48.901 d -
Central Voront ........................ 138,541 561,537 d 954.918 d 544.401 -
Maine Central ........................ 1.333.777 1.707.937 567,454 813,978 175.505 767.317 60,233 59,859
Now York Connecting ..................... 35,524 525.954 d 390.841 90,727 -
eow York, New Snven and Bartford ..... 4,635.616 6,209.293 2,685.930 3.360,396 224,000 1,764,000 1,474,020 1,997,815
Rutland ..............d 131.951 d 167.22 138 4,687 188.769 -
Great lakes Naeton Total ........... 53.999.374 117,853,856 18,795,425 76,808.571 7.598,763 41.578.548 18,954.836 27,227,248

Ann Arbor ............................. 356,493 753.040 242.222 629.686 d 8.856 413.472 -
Cambria and Indiana ................... 503,168 629.173 506915 608.625 304.119 436.148 180,000 180,000
Delaware and Bdseh ................... 3.788.129 6,285.557 2.519.449 4.945,708 250,000 -
Delaware, ackawanna and Western ...... 4,060,195 6.768.360 1,822.607 4.281,181 d 933.881 2.067,541 1,266,618 844.412
Detroit and Mackinac .................... 182,402 223,989 183,842 221,372 132,860 170.837 -
Detroit and Toaled SherLe..i ............ 620,114 920,408 574,752 879.767 446,867 776,204 160.000 160.000
rie ................................. 8,400,104 13,149,597 4,094.143 8.574,212 d 2.641.769 5.94o.596 4.770,924 3.852,066
Grand Trunk Western ................... 1.057,358 4.437,133 d 1.618.924 1,883.106 5.725 -
lehigh and Hudson River .............. 225.824 305,521 235.344 312,464 140,624 236,180 140,910 140,910
Lehigh A d EIngland ................. 628.714 1.038,805 502.749 928.078 276.942 741.667 340,000
Lehlgh Valle y ....................... 3.,119,261 7.096,812 933.848 4,481,384 d 11.100 1.424,500 897,539 -
MonongehIl .......................... 179.210 112,05 d 141.299 d 195.116 47948 -
Montour................................ 346,849 366,489 328,233 339,559 200989 285,661 -
lo YorkCentral............. ......... 8,712.398 41,113.606 d 6.191,588 22.666830 1,180,560 7.175.928 3,223.697
Now Tork. Chicago and St. louis....... 11.072.359 15.161,665 8,139.375 12,400.396 7.837,000 12.758,500 6,193,481 12,390.799
New York, Ontario and WVestern** ...... d .l6.Z 359.542 d 1.982.850 d 1.3141.583 -
Few York, Suquhanna and Western ...... 169.346 354.265 d 78.836 11022 11.938 750,000
Pittsburgh and Lake rie .............. 5.177.729 9.405.036 4.573.069 7,427,461 62,943 3.910.611 2.590.950 2,590,950
Pittalsnrg & Shaanmut ................... 411.992 493,.821 256.521 386,879 d 8 -
Pittsburgh and West Virnia ......... 679.560 1.001.133 379,364 675.250 d 3.536 6 497,500 457,500
Webah ................................ 5,314.694 8.596.583 3.516.489 6,692.290 1,015.001 4,454,859 2,296,914 2.296.914

Central Bastern Reon Total ........ 70.632.138 124.531,080 15.531.995 66.877,527 6,715.975 48.475.605 5.638,747 15.090,560
Akon. Canton and Youngstown.......... 203.442 673.703 124828 608.107 35937 497493 8168 105,048
Baltilore and Ohio .................... 22.203.933 32.041.227 9.589,631 18,496.803 d 58.67 8,73,704 -
Bessemer and lake Erie ................ 3,275,302 4,189,328 3,092,587 4,025,164 1.419,263 4,950,048 209,988 209,988
Central R. Co. of Ne Jerse ....... 2,056,284 3,322.233 d 545.988 785.025 10,269 11,125 -
Chicago & astern Illinois............ 2,220,772 2,869,088 1.079,804 1,744,869 d 251.000 689,600 973,154 973.117
Chlcago & Illinois Mldland .............. 296.345 506,602 230,815 438:673 213,699 454.185 -
Chicago, Indianapolis and Louisville 1,156.914 1.261.123 640,992 736,315 305,000 486.000 429,642 429.642
Detroit, Toledo and Ironton ............ 1.937.847 1.920.495 1.655,457 1.696,452 607,026 1,196.598 -
Il n, Joliet and Eastern ............ d-919,761 3,239.076 d 1.020.788 3.068,911 4,590,463
Illlnois Ter ilnal ...................... 400,602 766.067 20,365 362,817 d 173.70 159,2071
long Island ........................... d 2.215.324 273.840 d 3.641.156 d 1.399.71 -
Missouri-Illinois..................... .. 690.363 716,259 712.203 739,068 247,500 766,4o00
Pennsylvania ......................... 28,277,429 57.123,126 d 1.928.571 25,766.126 1,334.000 15,831.000 9,875.816
Pennsylvania-Reading Seashore Limane ... d 2.295.352 d 2.613.433 d 2.915.952 d 3.232.433 240.330 498,681 --
Reading ............................... 8,732,349 11,386,702 5,850,605 8.377,554 1,005,228 4.925.501 3,497,245 3.496,949
Staten Island Rapid Transit .......... d 469.190 d 273.251 d 817.92 d 624.969 -
Western Maryland ....................... 5.080,185 7.128.897 3.2No.088 5.28.76 1.721.100 4,680.600 443.550 _______ -

Pocahontas Retion Total.............. 50.284,005 64,381.461 39,690.888 54,132,404 18.341,.360 37.485,992 35.806,287 35,840.922

Atlantic and Denville ................. d 76.4 25,504 d 88.928 d 27.80 4.668- -
Chesapeake and Ohio................... 30.369,479 40.091,474 21,022.230 31,202.320 5.350.000 17,005.000 18.065.408 18.100,043
Norfolk and Western ................... 12.859.561 17.183,009 12.883,894 17,222.187 8,600,000 15,025,000 13,098.151 13.098,151
Rlolmond, Fredericksburg and Potomac 2.074,496 2.271,142 2.178.562 2,203.786 1,461.912 1.982.450 620.064 620,064
Virginian ............................ 5.056,928 4,.810.332 3.695.130 3.531.941 2.929.448 3,468,874 4,022,664 4,022,664


Southern Raetion Total..............

Alabam Great Southern ...............
Atlanta & Saint Andrews Da ..........
Atlanta and West Point ...............
Atlantic Coast Line ..................
Central of Georgia ...................
Charleston & western Carolina ........
Cincinnati, NTOW Orleans & Taxea Pacifi


102,496,942


37.384.208


79.384.783


40.646.987


1 + 1 _____ _____ ______ ______


2,364.085
405,355
181.221
7,675,860
1.903,504
333.842
4.745,706


500,000
508,715
2,025,000

65,000
3,605,000


980,000
644.729
55,538
1,450.000
762.891
250,000
5,545,000


896,828
539,766
24,.636
3,091,736
1.704.170

1,794,000


896,828
2,879,872
73,908
3,091,736

1,875.780


31.874.258


Southern region Continued

Clinchfield .........................
Columbus and Greenville .................
florida East Coast Rallway Copany*.....
Georgia R. 2. Iessee Organisation.
Georgia & Florida* .....................
Georgia Southern and Florida ............
Gulf, Mobile and Ohio ...................
Illlnois Central ........................
louisville and Nshville ................
Mississippi Central .....................
Nashville, Chattanooga & St. Louis .....
New Orleans and Northeastern ............
Norfolk Southern. .......................
Seaboard Air Line ......................
Southern ...........................*.....*
Tennessee Central .......................
Western By. of Alabama ..................


Western District Tota ................

Northwestern IReton Total .............

Chicago and North Western ...............
Chicago Great Western ...................
Chicago, Mllwaukee, St. Paul and Pacific.
Chicago, Saint Pam4 Minneapolis & Ona.
Duluth, Missaba and Iron Rane ..........
Duluth, South Shore and Atlantic ........
Duluth, Winnipeg and Pacific ............
Great Northern .........................
Green Bay & Western ....................
Lake Superior & Ishpeming...............
Minneapolis & St. Louis .................
Minneapolis, St. Paul & S.S. Marie ......
Northern Pacific ........................
Spokane Internatlonal ...................
Spokane, Portland and Seattle ...........
Wisconsin Central ........ .........


Central Western aReton Total ..........

Atchison, Topeka and Santa t s / ........
Chicago, Burlilnton & Quincy ...........
Chicago, Rock Island and Pacific ........
Colorado and Southern....................
Colorado & Wyoming.......................
Denver and Rio Grand VWestern ...........
?ort Worth and Denver ...................
Northwestern Pacific ....................
Sacranmento Northern* ...................
Southern Pacific Co., Inol.Leased Lines
Southern Pacific Tranap. System b/ ......
Toledo, Peoria & Western ................
Union Pacific Incl. Leased Lines ........
Utah ....................................
Western Pacific .........................


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

Beaumont, Sour lake & Western*o .........
International-Great Northern** ..........
Kansas City Southerna ....................
Kansas, Oklahoma & Gulf .................
Louisiana & Arkansas .....................
Midland Valley ..........................
Missouri-Kansan-Texas ...................
Mlssouri-Paclfic* ......................
New Orleans, Texas & Mexico** ...........
Oklahoma Cl ty-Ad-Atok .................
St. Louts, BroWnsvTille and Mexio** .....
St. Louis-San Francisco ..................
St. Louis, San Francisoco and Texas ......
St. Louis Southwestern ..................
San Antonio, Uvalde & Oulf** ...........
Texas and Niw Orleans ...................
Texas and Northern ......................
Texas and Pacific .......................
TexaS Meoxican ...........................


$3.517.391
47,741
1,258.296
549,638
d 90.065
117.792
5,576,317
14,989,811
14.638,741
130.566
3.004,382
1,106.059
346.349
15.191,689
20,622,515
126,505
301.107


301.107 331,277 273,788 315,088
1 *1 I* *1 I-


$5,846,666
112,252
2,979,671
1,151,366
124.?740
543,430
7,497.601
21.717,344
23.256,163
196,744
3,947,505
1,660,550
527,137
16,464,207
27.515.527
231.200
331,277


$58.987
d 1.815. 38
d 774.,59
d 57?.827
3.698,631
9.975.376
10,644.546
70,776
2,108,490
1.145.037
285,793
13,194.251
14.570,452
d 58.898
273.788


$120,549


359.342
5.739.526
16,544,291
21,057,111
146,297
3.076,616
1.720,198
459.264
14.515.860
21.361,022
27.584
315.088


219.840,653 293.665.890


196,532,350 j 266,388,836 95,523.8841 212,957.1351119,382.6191116,880,383
1 I -t I -f + I


$657.706.
82,000



2,039,000
8,497,000
2,005,692
15,306
1,108.253
1,065.000ooo
111.236
4,839.700
10,235.000
27,100


95.523.884 212.957.135 119,382.619 116,880.383


$650,688
146,200
40,000

370,000
4,901.000
17,235.000
15.794.608
94,222
2.214,491
1,905.000
415.468
7,274.000
18,449.637

213,009


$24.375



1,625.831
6.211,136
7,020.000
60,358
767,.951
443,442
6,578.099
9.714.659
150.000


$24,375



2,438,746
5.532.147
7,020,000
60,358
767.951
491,642
3.325.415
3.245,500
150,000


36.332,943


d 1.336.300
2,699,483
3.368.747

3.933.263
274,332
d 143.711
13.127,489
159,651
410,033
1.370,643
1.497,388
6.270,843
.7.030
3.495,999
1.363.158


54.147,850


21.465,420 38,250,528 9,548,012 28.318.6451 30.201.7841 27.168.342
4 -4- 4 .4. .4. L


2.784.222
2.557,261
7.475.739
d 1.282.923
6.430,182
411.412
d 214.816
16,163,434
344,974
821.779
1,206,036
897.367
9.585.709
466.835
4,280.356
2,240.283


2,2.8-283


129,708,357 163.553.868


40.,383.839
17.745.405
12,631,444
821,655
260,097
8.669,184
1,857,602
541,058
32,861
25.983.130
30.017.761
513.576
17.127.696
d 179.022
3.319,832


d 4.852.967
2,031.104
d 1.191.6?9
d 2.16s.940
3.573.199
64,153
d 411.597
14.263,953
113.033
395,810
1.272.992
951,282
5.829,994
303,008
1.229,494
79.596


140.78.464 175.357.339


d .93.187

2.869,776

6.047,349
260,011
d 518 957
16,268.708
356.436
818,100
1,106,170
335.530
8,599.408
366.689
2,074,179
1.066.082


1,066.082


...........7;35,33


54,686,302
20,612.405
19,073.675
1.553.107
377.858
8,124,548
2,092.496
487.139
1.092,680
32,628.224
41,000.483
679.110
16.695,239
d 34.200
5.485.285


5,485,285 4.988.705 916,614 4,325,000 2,731,078 2 .766, 488
I r r r r -t 9 9


37,009,344
14,223,837
11.165,275
812.599
234,648
6.423.332
1,173,118
557,677
d 493.816
25,125.402
27,964,464
485,786
41.306,446
d 186.921
2,641.757


51.463,459
17.535.635
17,460,020
1,551,719
349.424
6,101,767
1,429,227
503.861
591.634
31.174,616
38.337,529
646,711
41.594,554
d 33.99
4.988.705


1.297,000


2,459,300

4,810.000
144,.381
102,000
570,558

108,000
187.468
Ld 130.65


1,289,000
670,000

9.767,000
20.538

9.072.549
379.754
594.026
850,504
d 4.789
3.355.000
232,800
1.500,000
632,263


632,263r


3.015.880
457,636
7,716,468



9,398,047
125.000
149,940
5,420,000

3.719.565
199,248


2.970.185
649,837
7,716,468



9,131,811
125.000
224, 910
600.000

5.579,347
170.784


69,803.333 144,106.895 74.256.675 74,529.810


23,653,000
8.332.312
3,411,000
223,367
136.200
2.953.500
498.921
556,055
6,184
6.096.593
8.038,659
519,587
22.500,000
916,614


52,189,000
16.242,734
11,109.000
1,285.806
405.400
6.006,600
1.151.151
149,657
601,100
21,188,068
28,509,.919
853,379
28,600,000

4,325.000o


15,239,620
5,979,355
5,139.147
339,.988
110,000
3.599,913


20,356,025
20,356,025
108,000
20.653.549

2,731.078


_____ 4 -4 1 4
53,799.353 75,964,172 34,588,466 52,780,969 16. 172, 539 48.531.5951 14.924.1601 15,182,231


1.105.146
1.647.506
5.034,778
489.680
3,436,432
148.066
4.762.590
14.210.069
1,161.200
176,239
1,994,680
6.550.076
271,052
3.667,.434
d 112.066
4.034,631
216.466
5.134.692
70%682


1 01-82


/ Inoludes Atohison, Topeka & Santa Fe Ry., Onlf, Colorado & Santa Fe Ry., and Panhandle & Santa aFe y.
/ Data not included in totals. Includes Southern Pacific Company, Texas and Nev Orleans R. R. Co.,and leased lines.

U. S. GOVERNMENT PRINTING OFFICE: 1954 0 310320 (4)


1,251,236
2,680,856
5,709,202
832,548
4,269,829
215,017
6.740,356
17,042.767
967.053
120.329



7.355.618

8,372.259
233.656
8,325.024
270,295


1,219.576
d 21.781
3.760,953
408,554
3.131,551
163,636
2,630,997
4,936,793
d 579.602
186.372
1.,448477
3,307.010
258,264
7,132,181
d 450.597
2,759,063
216,116
4.094.591
d 11.688


1.357.760
963.192
4,454,475
745,829
3.929.684
180,824
4,661,691
7,640.568
d 746.763
104,450
1.301.237
6t590.860
371,954
7.069.985
d 469.215
7,082.914
233,038
7.125,637
182.849


79.000

3,582T.00
311,922
1,963,286
78,164
40,000
d 412.248
d 1301.000
151,628
48,000
528,000
253,379
5,642,422

1,942,066

2.113,000
4,520


4,520


15.239.620
5,979,355
4,455.061
989.785
110.000
3,876.007


20,356,025
20,356,025
104,000
20,653.549

2,766,408


767.956
d 74.000
3,851,200
803.064
2.972,500
159,553
3.792.000
1.478.000
154,955
80,869

504,228
8,575,430

7,321.851
381.800
4,683,000
259.000


2,923,196
265.794

1,667.512



6,377.968

1,853,240

275.000
1,561.450


2.540.996
344,232

2.501,269



6.381,044

1,853.240


1,561,450


131.171.694


254.613.483


181 455 699


33,166.821


813 994 944


72.857.709


Pew t


99,112,752


132.217,133


68,525,441


1,586,010
492,958
59.697
7,668,051
2,588,547
435,297
4,847,358


1.980,537
405.962
152.291
6,324,601
2.765.484
604,075
5,880,803


1,968.067
488,940
94.091
7,196,451
1,488,947
182.689
3.786,761


J __ _1__ J _I_ _t_ _
* Report of receiver or receivers.
** Report of trustee or trustees.
SDefficit or other reverse items.


21.465.420


38,250,528


9.58.012


28.318,645 30.201,784 27.168,342


53.799.353


75,964.172


34,588.4"66


52,780,969


16.172.539


40.531.595 14,924,160 15,182,231


71


L


11


I I


I I


11


L


i -- i


-T-


.1 1


11


J1


--r-


-f-


11


il-


-t-


-t-


-T-


I


"L


01


*1


11


I .. -. 1 -1


4-


I


?4-


- I


1 1 1


'1 5


11


I


11


:Ll


.1


n


62 992 662


M


013.51 198


94 553 002


44 519 032


33 651 558 132 03 4


26 798 949


80A 5 qve I


196,532.350 266.388.836






Subject to revision

Subject to revision


'9


1~


UNIVERSITY OF FLORIDA



3 1262 08851 3592 INTERSTATE COMMERCE COMMISSION
-s BUREAU OF TRANSPORT ECONOMICS AND STATISTICS
1955 3.

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

Compiled from 126 reports (Form IBS) representing 130 steam railways
SL / (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


Statement No. M-125

SEPTEMBER 1954


Income Items


1. Net railway operating income ......................
2. Other Income ......................................
3. Total income .................................
4. miscellaneouss deductions from Income ..............
5. Income available for fixed charges ...........
6. Fixed charges:
6-01. Rent for leased roads and equipment .......
6-02. Interest deductions I_/ ..... ..........
6-03. Arortization of discount on funded debt ...
6-04. Total fixed charges ...................
7. Income after fixed ch"rmes ...................
8. Other Deductions .................................
9. Net income ...................................
10. Depreciation (Way and structures and Equipment) ...
11. Federal income taxes ..............................

12 Dividend appropriations:
12-01. On common stock ..........................
12-02. On preferred stock ......................
Ratio of income to fixed charges (Item 5-6-04) .


UNITED STATES


I I


EASTERN DISTRICT


POCAHONTAS REGION


For the month of September For the nine months of For the month of September For the nine months of For the month of September For the nine months of
T i


1954 I 1953


4 I 4 4 4 4 _______ ~ ~' 4~


480 204 308
16 587 549
96 791 857
3 842 322
92 949 535

4 545 770
26 860 124
267 977
31 673 871
61 275 6 64
2 946 986
58 328 678

43 730 891
18 528 551

17 732 463
2 510 3 55

2.93


$99 941 786
21 017 639
120 959 425

3 892 944
117 066 481

6 302 731
27 153 143
2.49 991
33 705 865
83 360 616
2 867 238
80 493 378

42 493 759
56 400 565

17 410 173
2 983 279

3.47


*580613 413 $845 430 753
167 160 544 170 497 08C
747 773 957 015 927 833


31 458 285
716 315 672

47 236 4071
244 116 669
2 192 766
293 545 842
422 769 830
26 525 651
396 244 179

394 319 796
185 088 201,

186 767 488
56 303 886
2.44


35 3912171
980 536 616

56 0812 76
244 423 036
2 251 271
302 755 583
677 781 033
25 934 798
651846 235

375 693197
480207478

191 149 306
58 358 742

3.24


$20 918 9 56
5 072 598
25 991 5 54
781059
25 210 495
3 514 884
11 336 174
98 156
14 949 214
10 261 2 81
1431 785
8 829 496

16174 134
924 878

2 651 681
687 2 99
1.69


$31 036 877
7 041 834
38 078 711

941 014
37 137 697

5 286 942
11 688 561
83 594
17 059 097
20 078 600
1443496
18 635 104

15 961 341
11 6 95 360

3 093 527
1 422 919

2.18


$152 090 651
52 423 623
204 514 274

6 700 02 0
197 814 25 4

38 299 651
103 885 486
721163
142 906 300
54907954
12 911 635
41996 319

145 556 917
16 235 076

18 678 801
11 852 841

1.38


$286 261 36C
56 082 898
342 344 2 58

8 613 330
333 730 928
47 222 309
105 756 743
724 111
153 703 163
180027765
13 057 986
166 969 779

142 475 218
105 674 363

36 501 637
12 533 841
2.17


$7 830 2 37
382 2 86
8 212 523

374 069
7 838 4 54

7430
1385 706
14 046
1 407 182
6 431 272

6 431 272
3 213 871
3 821 500

310 358
10 2 01

5.57


$9 178 682
386 005
9 564 687

371 221
9193 466

7 243
1408390
16 992
1 432 625
7 760 841
8078
7 752 763

3 155 030
6 566 618

309 770
10 201
6.42


$58 114 242
3 856 683
61 970 925

3 114 305
58856620

68 01 9
12 541 346
125 097
12 734 46 2
46 122 158
d 2
46 122 160

28 886 394
22 162 860

33 612 613
2 514 233
4.62


$73 560 143
4 897770
78 457913

3 643 619
74 814 2 94

66 518
12 650 622
135 721
12 852 861
61961 433
76 266
61885167
27 874 280
44 052 6 10

33 589 740
2 571 1 53

5.82


I EASTERN DISTRICT -I _II III
INCLUDmIN SOUTHERN REGION WESTERN DISTRICT
POCAHONTAS REGION
Income Items For the month of September For the nine months of For the month of September For the nine months of For the month of September For the nine months of

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


1. Net railway operating Income ......................
2. Other income ......................................
3. Total income .................................
4. Miscellaneous deductions from income ..............
5. Income available for fixed charges ...........
6. Fixed charges:
6-01. Rent for leased roads and equipment .......
6-02. Interest deductions / ...................
6-03. Amortization of discount on funded debt ...
6-04 Total fixed charges .................
7. Income after fixed charges ...................
8. Other Deductions ..................................
9. Net income ...................................
10. Depreciation (Way and structures and Equipment) ...
11. Federal income taxes ...............................

12. Dividend appropriations:
12-01. On common stock ..........................
12-02. On preferred stock .......................

Ratio of Income to fixed charges (Item 5-6-04)


Selected Expenditure and Asset 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
2. Special deposits .. ....
24. Loans and bills receivable.... ..... ..... .......
25. Traffic and car-service balances-Dr ...
26. Net balance receivable from agents and conductors
27. Miscellaneous accounts receivable
28. Materials and supplies ...........
29. Interest and dividends receivable .. ............
30. Accrued accounts receivable
31. Other current assets
32- Total current assets (items 21 to 31) .


$28 749 193
5 454 884
34 204 077

1 155 128
33 048 9 49

3 522 314
12 721 880
112 202
16 356 396
16 692 5 53
1431 785
15 260 768
19 388 005
4 746 378

2 962 039
897 500

2.02


$40 215 559
7 427 839
47 643 398

1 312 235
46 331 163

5 294 185
13 096 951
100 586
18 491 722
27 839 441
1 451 574
26 387 867

19 116 371
18 261 978

3 403 297
1 433 120

2.51


1210 204 893
56 280 306
266 485 199

9 814 32 5
256 670 874

38 367 670
116 426 832
846 260
155 640 762
101 030 112
12 911 633
88 118 479

174 443 311
38 397 936

52 291 414
14 367 074
1.65


$359 821503
60 980 668
420 802 171

12 256 949
408 545 222

47 288 827
118407365
859 832
166 556 02 4
241 989 198
13 134 2 52
228 854 946

170 349 498
149 726 973

70 091377
15 104 994
2.45


$12 948 826
1707 333
14 656 159

724 290
13 931 869

899 745
4 042 172
23 6 78
4 965 595
8 966 274
264288
8 701 9 86

6 285 834
3 543 473

119 948
3885
2.81


$15 815 369
1 894 540
17 709 909

775 701
16 934 208

882 406
4 086 327
27 4 31
4 996 164
11 938 044
241398
11 696 646

6 025 019
9 030 065

1 879 302'
14 107

3.39


$112 061 578
15 522 681
127 584 259

3 488 458
124 095 801

7 486 837
36 815 860
198 684
44 501 381
79 594 420
2 366 993
77 227 427

56 339 037
40927681

34 650 778
6 120 042
2.79


1 1' '4


UNITED STATES

Balance at the end of Beptembe:


Selected Liability Items


$148 032 502
18 697308
166 729 810

6 450 845
160 278 965

7 348 699
36 300 500
263 711
43 912 910
116 366 055
2172 467
114 193 588

52 676 437
88 414 848

31155 497
2 612 170
3.65


UNITED STATES

Balance at the end of September


i i It i -- i -


$226,519,392

420,500,035

405,900,671
95,371,235


4 9-


846,537,321
806,156,002
137,935,591
220,723
62,053,596
153,421,696
302,346,014
749,377,655
12,790,8u3
214,031,137
28,193,383


3,313,063,961


$285,307,393

646,168,970

454,839,949
94,613,925


917,455,641
1,010,091,454
78,835,278
3,342,522
66,323,635
183,109,216
370,602,853
834,033,116
14,171,100
23 5780,235
34,728,805


3,748,473,855


40. Funded debt maturing within 6 months 2_/


Loans and bills payable/ -/
Traffic and car-service balances-Cr..
Audited accountsand 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 4l 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..


$175,954,870


$196,952,927


- 'I, h _______


24,235,234
100,690,315
436,889,330
202,700,149
39,277,618
22,331,959
74,623,299
17,608,630
231,673,358
581,639,103
154,077,475
1.88l .7 .4in


l.8R~74~.4~n ~14.5~ 5711
- )-*--...,-. -


373,053,680
208,585,423
266,038,121


2,717,542
114,724,352
503,801,234
218,414,061
40,589,633
20,186,465
75,957,221
18,104,638
229,732,490
912,671,747
94,243,987


692,380,308
220,291,439
287,145,469


$38 506 289
9 425 332
47 931 6 21

1 9629 04
45 968 717

123 711
10 096 072
132097
10 351 880
35 616 837
1 2509 13
34 365 9 24

18 057 052
10 238 700

14 6504 76
1 608 970
4.44


$43 910 858
11 695 260
55 606 118

1 805 008
53 801 110

126 140
9 969 865
121 974
10 217 979
43 583'131
1 174 266
42 408 865

17 352 369
29 108 522

12 127 574
1 536 052
5.27


$258 346 942
95 357 557
353 704 49'9

18 155 502
335 548 997

1 381 900
90 873 977
1147 822
93 403 699
242 145 298
11 247 025
230 898 273

163 537 448
105 762 584

99 825 296
35 816 770
3.59


$337 576 748
90 819104
428 395 852

16 683 423
411712 429

1443 7 50
89 715171
1127728
92 286 649
319 425 780
10 628 079
308 797701

152 667262
Z42 065 6 57

89 902 432
40 641 578
4.46


ANALYSIS OF NET INCOME--ALL CLASS I RAILWAYS *


Period


Reports showing
Net Income


Number Amount


Reports showing
Net Deficit


September 1954 94 $63,694,793 28 $5,366,115
September.. 1953 102 83,608,540 20 3,115,162
9 months .. 1954 92 434,637,862 30 38,393,683
9 months .. 1953 107 667,360,510 15 15,514,275


* Excludes 4 roads whose net income (or deficit) was
absorbed by the controlling company.


- ___________ _________________________________________________ L ____________ -IL _________________________________________________


d Decrease, deficit, or other reverse item.
I/ Represents accruals, including the amount in default.


2/ Includes payments of principal of long-term debt (other than
long-term debt in default) which becomes due within six months
after close of month of report.
2/ Includes obligations which mature not more than one year after
date of issue.


-L


I


I


I


W.


- I -.- i -


1953


Number Amount








INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR TIM NINE MONTH EDMD SEPTWBSR 1954 AND 1953


Page 2


NET RAILWAY OPERATING NET INCOME FEDERAL INCOME DITIDEI HNET RAILWAY OPERATING NET INCOME FEDERAL INCOME DITIBDD
INCOME TA S APPROPRIATIONS INCOME TAXES APPROPRIATIONS
Region and railway Pegion and railway
1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953

United States Total ................ $580,613,413 $845,430,753 $396.244.179 $651,846,235 $185.088,201 $480,207,478 $243,071,374 $249,508,048 Southern lecion Continued
Eastern District Total ............. 152,090,651 286,261,360 41,996.319 166.969.779 16.235.076 105.674,363 30,531,642 49,035,478 Clinchfield ............................. $4,301,377 $6.641,046 $653 561 $731,191
Columbus and Greenville .................. 27,40 118.681 $41,250 $128,871 7,800 154,220 $24,375 $24,375
Eastern District Incl. Pocahontas Florida East Coast** .................... 699,732 2,837,625 d 2.760.64 54.768 -
Region Total .................... 210,204,893 359.821,503 88,118,479 228,854,946 38,397,936 149,726,973 66.658,488 85 196,371 Georgia R. R. Lessee Orgnization ..... 638,503 1,289,176 -
Georgia & Floridae* ...................... 100.292 117.892 86.9.776 d 611.413 -
New Entland Retion Total ........... 6,351,170 13.825.745 d 1,722,910 4,720,534 380,227 4,853.733 3,136,389 3,030,612 Georgia Southern and Florida ............ 66,181 557.727 1 135.613 352,227 2.500 355.000 -
Gulf, Mobile and Ohio ................... 6,408,167 8,453,858 4,265,464 6,426,888 2,170.000 5,472,000 1,625,831 2,438,746
Bangor and Aroostook ............. 1,726.549 1.611,613 613,811 744,041 164,906 610,010 143,550 143,550 Illinois Central ........................ 17,855,491 24,806,713 12,192,412 19 008,800 9.410,000 19,706,000 6.211,136 5.532,147
Boston and Maine ..................... 123.992 3,883,065 d 2,744,820 981,554 197,087 1,495,109 721,276 Louisville and Nashville ................ 16,691,451 26,256,366 12.481,321 23,948,605 2.526,443 17,959,884 7.020,000 7.020,000
Canadian National Lines in New England d 1.312.837 d 1149.492 1.422.480 d 1258,938 Mississippi Central ..................... 163,222 220,723 96,921 162,864 37,321 105,984 60.358 60,358
Canadian Pacific Lines in Maine ..... 275.320 247,699 Nashville, Chattanooga & St. Louis ....... 3,305,174 4,445,587 2,285,510 3,464,924 1.118,365 2,482,822 767.951 767,951
Canadian Pacific Lines in Vermont ... d 570.73 d 957.478 New Orleans and Northeastern ............ 1,191,024 1,838,770 1,232,839 1,907,113 1,125,000 2,095,000 -
Central Vermont ........................ 129,977 661.335 d 1,100,502 d 581.,803 Norfolk Southern ......................... 403,680 629.389 333,619 549.396 140,236 527,468 443,442 491,642
Maine Central ......................... 1.154.377 1.897,382 297.218 885,320 181,583 831,614 60.233 59,859 Seaboard Air Line ....................... 16,916,555 18.254,061 14,666,371 16,065,439 5,198,700 7,842,000 6,578,099 5,204,717
New York Connecting .................. a 20,94 505,892 d 500,572 23,078 Southern ................................ 23,490,190 30,926,511 16.576,181 23.903.749 11,925,000 21,104,637 9,714,659 3,245.500
Hew York, New Haven and Hartford ..... 4,973,410 7,243,259 3,263,659 4,066,417 d 163,349 1.917.000 2,211,330 2,827,203 Tennessee Central ......................... 152,636 261,349 d 43.486 31.436 6__628 -
Rutland .............................. d 127.901 d 117.50 d 129224 139.135 Western Ry. of Alabama .................. 350,887 375.143 319.685 354,296 51,850 245980 150,000 150,000
Great Lakes Region Total ........... 62,710,004 132,365.852 22.567,986 86.588,033 8.388.259 46.978.304 20.849,58 29,073,178 Western District Total ................ 258.346,942 337,576.748 230,898,273 308.797.701 105.762.584 242.065,657 135,642,066 130,544,010
Ann Arbor ............................. 416,586 782,023 288,174 642,671 d 9,44Q 404,953 Northwestern Rerion Total ............. 49,176,903 67.971,922 31,623,006 48,854,235 13,851,287 37,904,512 32,785.,131 27,589,363
Cambria and Indiana .................... 568,919 720,222 574.133 698.579 346,129 505,164 240,000 300,000 -
Delaware and Hudson ................... 4,492,132 7,284,305 3,058,235 5,781.268 577,000 Chicago and North Western ............... d 526.257 4.272,944 d 4.496.491 649,680 3,015,880 2,970,185
Delaware, Lackawanna and Western ..... 4.543.208 7.694.940 2,204,128 5.059.192 d 1,029,940 2,489.930 1,266,618 844,412 Chicago Great Western ................... 3.049,637 2.944.034 2,301,175 2,165.009 1,482,000 1.522,000 686.454 1,070,857
Detroit and Mackinac .................. 201,103 258,701 204,634 255,610 144,566 197.132 Chicago. Milwaukee. St. Paul and Pacific. 6,019,038 9,120,163 843.321 3,900,805 1.248,000 7.716,468 7,716,468
Detroit and Toledo Shore Line ........ 651,618 990,103 600.190 944,555 452,216 824.182 180,000 180,000 Chicago. Saint Paul, Minneapolis & Omha .d 744.57 d 1.277.886 d 2.547.013 d 3,051.239 -
Erie .................................. 9,271,028 14,500,244 4,407,123 9,367,877 d 3.275.842 6,408,095 4,770,938 3,852,066 Duluth. Missabe and Iron Range .......... 5,170,386 8,175.547 4,764,142 7,739.947 3.343,200 12,715,700
Grand Trunk Western ................ .. 200,823 3,801,529 d 2.820.874 909,868 6,680 Duluth, South Shore and Atlantic ........ 276,117 368,358 39,045 198,497 d 44,462
Lehigh and Hudson River ............. .255,715 344,576 266,272 352,944 145,946 267.981 211,365 211,365 Duluth, Winnipeg and Pacific ............ d 191,501 d 329.579 d 520.654 d 651.450 -
Lehigh and New England ................. 720,186 1,224,748 578.340 1,099,143 361,490 890,414 680,000 Great Northern ......................... 16,619,642 20,561,354 17,572,970 20,097.529 7,234,516 12,662,308 9.398,047 9.131,811
Lehigh Valley ........................ 3.734,214 8.051.774 1.257,454 5,132,829 d 511.100 1,598.300 1,346.340 Green Bay & Western ..................... 139.425 393,735 80,731 402,051 150.340 431,907 125,000 125,000
Monongahela ............................ 139,099 356.935 d 223.236 8.086 259.568 Lake Superior & Ishpeming ................ 510,834 974,.314 494,674 969,198 128,000 794,026 224,910 224,910
Montour .............................. 381.131 451,726 360,538 421,955 217,962 330,353 Minneapolis & St. Louis ................. 1,539,258 1,456,723 1.424,499 1.,33.781 676,358 1,064,504 5,660,000 600,000
New York Central ..................... 12,275.524 46,846,299 d i,12.'A46 26,239,314 1.335.,917 7,824,742 3.223,697 Minneapolis, St. Paul & S. S. Marie ..... 2,001,397 1,659,732 1.382,214 1,029,712 150,000 480,211 179,776 -
New Tork, Chicago and St. Louis ...... 12,446.923 16,967.947 9,168.317 13,876,552 8,782,000 14,341,000 6.193.487 12,390,799 Northern Pacific ........................ 9,557,017 11,563,012 8.,515,227 9.794,062 350,000 4.585,000 5,579.348 5,579,348
New York, Ontario and Western**" ...... d 1,154.166 d 437.505 d 2.252.972 d 1.542499 Spokane International ................... 477,923 531,739 361,682 418,708 160,100 265,000 199,248 170,784
New York. Susquehanna and Western .... 211,006 391,070 4d 8.736 12,128 11,938 750,000 Spokane. Portland and Seattle .......... 3.923.980 4.969,118 1,472,381 2.592,161 307.468 1,423,055
Pittsburgh and Lake Erie ............. 5,893,703 10,636,110 5,221,731 8,485,978 183.346 4.506,503 3.886,425 3.886.425 Wisconsin Central ....................... 1,356.586 2.588,614 d 64.897 1.265.784 d 130.695 757.263 -
Pittburg & Sanut ...................... 439,836 552,083 265,024 431,747 d 8.195- -
Pittsburgh and West.Tirginia ......... 778,699 1.083,390 439,164 717,316 d 1.536 495,310 457,500 457.500 Central Western Region Total .......... 148.176,378 185.431.978 159,998.765 200,744.786 74.324.863 160.346,606 86.318,293 86,991,691
Wabash ............................... 6,242.717 9,864,632 4171,493 7,692.920 1.248.545 5.047.254 2,296.914 2,296,914
Atchison, Topeka and Santa Fe j ........ 45,395.805 61,029,964 41.788,112 57,660.649 23,391.000 56.843,651 21.307,270 21.307,270
Central Eastern Retion Total ....... 83,029,477 140,069,763 21,151,243 75,661.212 7,466,590 53.842,326 6,545,666 16,931.688 Chicago, Burlington & Quincy ............ 20,065,021 23,231,424 16,127,440 20,017,393 9,265,807 18,458,734 9,396,129 9.396,129
Chicago., ock Island and Pacifilo......... 13,840,068 21,253,126 12,183,830 19,441,984 3,372,000 11,332,000 7,708.704 7.034,770
Akron, Canton and Youngstown ......... 214,335 728,888 126,103 654.818 27,325 528,893 142,635 162,508 Colorado and Southern ..................... 925,253 1.718.304 910,816 1.717,201 241,165 1,439,083 339.988 989,785
Baltimore and Ohio .................... 25,009,812 35.921,281 10,603,549 21,002,436 d 39.674 10,164,057 Colorado & Wyoming ...................... 289.482 424,909 261.008 392,845 170.800 454.200 481.919 440,000
Bessemer and Lake Erie ............... 3,922,687 4,941,931 3,717.509 4,755,456 1,827,373 5.941,711 359,976 359.976 Denver and Rio Grande Western ............ 9,995,836 9,329,226 7,429,686 7,082.752 3.601,000 6.990,600 3,181,631 3,876.255
Central R. R. Co. of New Jersey ...... 2,414,.05 3,903,733 d 508,.54 1,028,120 11,558 132,409 Fort Worth and Denver ................... 2,020,112 2,237.764 1,251.582 1,480,105 484,321 1,153,206 -
Chicago & Eastern Illinois............. 2,455,834 3,204,484 1,185,172 1.932,.299 d 317.100 741,600 973,154 973,117 Northwestern Pacific ................. .. 723,571 541,880 742,132 559,409 699.875 198,220
Chicago & Illinois Midland ............ 365,198 570,876 290,862 493,552 278,899 513,485 Sacramento Northern**..................... 87,128 1,140,295 d 503.162 577,957 6,184 601,100 -
Chicago,Indianapolis and Louisville... 1,335.912 1.445,975 757,455 855,392 381,000 566,000 429,642 429,642 Southern Pacific Co., Incl. Leased Lines. 29,943,224 36,976.933 28,797,923 36,223.875 6.401.852 23,866,914 20.356,025 20,356,025
Detroit. Toledo and Ironton ........... 2,156,068 2,135.194 1,840,168 1,879,477 558,385 1,317,569 490,666 Southern Pacific Tranap. System h/ ...... 34.579,383 46,137,734 32,083,600 44,004,823 8,240,499 31,962,693 20,356,025 20,356,025
Elgin, Joliet and Eastern ............ d 310,058 3,660,572 d 408,949 3,469.607 5.237,258 Toledo, Peoria & Western ................ 563,133 755,160 531,588 716,919 567,645 967,656 162,000 171,500
Illinois Terminal .................... 442,463 879,946 15.595 424,571 d 199.603 198,07 Union Pacific Incl. Leased Lines ...... 20,706.071 20,284,124 47,638,404 48,946,414 25,050,000 33.200.000 20,653,549 20.653,549
Long Island .......................... d 2.3195.06 447,819 d 3.812,952 d 1,453,.93 Utah ............................... ....i d 158,893 4.228 d 167.997 d 4,087 -
Missouri-Illinois ...................... 841,404 775.044 865,571 801,104 247.500 851,000 Western Pacific ......................... 3.780,567 6.513,097 3,007403 5.931,370 1.073,214 4.841.242 2.731.078 2,766.408
Pennsylvania .......................... 33.959.139 63.828,918 139,139 28,690,518 1,376,000 16,281,000 9.875,816
Pennsylvania-Reading Seashore Lines .. d 2.5,9.649 d 2.993.500 d 3.270.24 d 3,691,250 270,371 561,017 -
Reading ............................... 9,943,977 12.792,717 6,718,774 9,461,352 1,159,456 5,520,320 4,196.709 4,196,413 Southwestern HReron Total ............. 60,993,661 84,172.848 39,276,502 59.198,680 17,586,434 43,814.539 16,538,642 15,962,956
Staten Island Rapid Transit ........... d 538,923 283.158 d 930.119 d 677.943 -
Western Maryland ..................... 5,686,779 8,109.243 3,821,644 6,035,646 1,885.100 5.,287.100 443.550 443.550 Beaumont, Sour Lake & Western* ......... .. 980,029 1,326.334 1,108,496 1.448,953 79,000 834,956 -
International-Great Northern** .......... 1,874,910 2,918,118 d 12,872 983.953 d 78.000d 225.000 -
Pocahontas Region Total ............ 58,114,242 73.560,143 46.122,160 61,885,167 22,162,860 44,052,610 36.126,846 36,160,893 Kansas City Southern ...................... 5,661,642 6.323.736 4,216,100 4,937,102 3,984,700 4,008.200 2,923,196 2,540.996
Kansas, Oklah ma & oulf................... 553,306 902,612 461,944 805,631 355.371 862,581 265,794 344,232
Atlantic and Danville ................ d 96.072 19,671 d 115.412 d 7.,705 5.335 Louisiana & Arkansas .................... 3,897,858 4,796,463 3,542,585 4.430,488 2,258,286 3,206.500 -
Chesapeake and Ohio ................... 34,955,120 45,461,066 24,422,932 35,398,090 6,850,000 20,235,000 18,065,734 18,099,781 Midland Valley ......................... 167.748 240,986 193,087 214,832 83,361 196,394 -
Norfolk and Western ................... 15,316,257 20,194,297 15,285,021 20,167.132 10,400,000 17,775,000 13,098,151 13,098,151 Missouri-Kansas-Tenxs .................... 5,216,829 7,431,461 2,818.596 5,082,065 3,983,000 2,501,269 2,501,269
Richnond, Fredericksburg and Potomac 2,244,474 2,413,400 2,360.930 2,329,936 1.549,912 2,117,450 940,297 940,297 Missouri-Pacific** ...................... 16.091,234 18,771.720 6,142,240 8,651,528 d 412.248 1,528,000 -
Virginian ............................ 5.694.463 5.471.709 4,168,689 4.027,714 3,362,948 3,919,825 4,022,664 4,022,664 New Orleane. Texas & Meico" ........... 1,641,525 1,181,107 d 311.604 d 749,08 44.00 94,955
Oklahoma City-Ada-Atoke ................. 181,114 123,692 191,463 107.950 159,264 84,368 -
Southern Region Total ............. 112.061.578 148,032.502 77,227,427 114.193.588 40,927,681 88,414,848 40,770,820 33.767,.667 St. Louis, Brownsville and Mexico" ..... 2,049,694 1,902,703 1.421,841 1.29b,663 48.000 d 376.552 -
St. Louis-San Francisco ................ 7,583,305 10,883.497 3.921,944 7,730,196 723,000 6,014,877 6,377,968 6,381,044
Alabama Great Southern ................ 1,737,218 2,235.581 2,099.415 2.599,492 500,000 1.040,000 896,828 896,828 St. Louis, San Francisco and Texas ...... 269,850 383.316 256,462 389.745 250,379 412,494 -
Atlanta & Saint Andrews Bay .............. 549,500 442,084 545,087 441,947 570,905 700,304 659,714 2,879,872 St. Louis Southwestern .................. 4,437,714 8,062.190 7,847,106 8,040,706 6,077.154 8,936.187 1,853,240 1.853,240
Atlanta and West Point ................... 78,340 172,156 113,343 201,454 61,165 24,636 73.908 San Antonio, Uvalde & Gulf* .............. d 353.041 d 39.079 t 511.281 d 509,064 -
Atlantic Coast Line .................. 8,419,082 6,965,917 7,800,892 8,192.598 1,350,000 650,000 3,095.621 3,095,621 Texa and New Orleans ................... 4636,159 9,160,801 3,195,677 7,690,948 1,838,649 8,095.779
Central of Georgia ................... 2,909,295 3,050.158 1,653,447 2,057,185 762,891 1,704.170 Tenxas and Nqrthern ....................... 246,888 259,549 246 528 258,910 429,800 275.000 -
Charleston & Western Carolina ........ 485.067 647,848 202.878 344.982 50.000 235,000 Texas and Pacific ....................... 5.770,917 9,557,207 4.556.121 8,194,665 2,652.000 5.441,000 2,342,175 2.342,175
Cincinnati, New Orleans & Texascific 5,321,258 6.488.141 4,130,301 5,217.483 4,035,000 6,190,000 1,794.000 1.886.002 Texas Mexican ........................... 85,980 286,435 d 7.931 190,447 10.520 287,000 -


* Report of receiver or receivers.
** Report of trustee or trustees.
d Deficit or other reverse items.


A/ Includes Atchison, Topeka & Santa Te Ry., Gulf, Colorado & Santa Fe By., and Panhandle & Santa Fe By.
I/ Data not included in totals. Includes Southern Pacific Company, Tens and evw Orleans B. N. Co., and leased lines.
U. S. GOVERNMENT PRINTING OFFICE: 1954 0 310320 (5)





... .. 1 r rLU3 IUA


3 1262 08851 3907


Subject to revision


INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


Statement No. M-12S

OCTOBER 1954


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

Compiled from 126 reports (Form IBS) representing 129 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


Income Items


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


I I I


UNITED STATES


EASTERN DISTRICT


For the month of October For the ten months of For the month of October For the ten months of For the month of October For the ten


$90 875 200
23 176 942
114 052 142
3 809 051
110 243 091
4 524 246
27 220 986
258 365
32 003 597
78 239 494
2 837 345
75 402 149
44 241 010
28 062 270

29 818 707
3 511 6 51
3.44


$107 331 35 0
21 296 242
128 627 592
4 168 715
124 458 877
6 263 609
27 302 364
275 670
33 841 643
90 617 234
2 938 671
87 678 563
42 682 178
57 178 847

23 188 644
6 723 082
3.68


;671 488 613
190 337 488
661826 1011
35 267 337
826 558 764
51760 652
271 337 657
2 451132
325 549 441
501009 323
29 362 996
471646 327
438 560 807
213 150 471

216 586 195
59 815 537
2.54


$952 692 103
191 793 321
1144 485 424
39 559 932
L104 925 492
62 344 883
271725 402
2 526 941
336 597226
768 328 266
28 873 469
739 454 79*7
418 375 376
537 452 324

214 33795C6
65 081824
3.28


I r -t


$26 595 966
5229 835
31 825 801
701 102
31 124 699
3 558 620
11 364 722
97 591
15 020 933
16 103 766
1 321 154
14 782 612
16 204 000
2 898 466

9 894 7 52
1079 808
2.07


634 373 486
6 858 548
41232 034
899 941
40 332 093
5 335 983
11 646 872
94 622
17 077 477
23 254 616
1 514 536
21740080
15 987 100
12 875 592

12 458 769
2702 094
2.36


$178 686 617
57 653 458
236 340 07!
7 401122
228 938 953
41 858 2 7C
115 250 209
818 755
157 927 234
71 011 715
14 232 7 8 S
56 778 93C
161 760 918
19 133 542

28 573 553
12 932 649
1.45


1320 564 846
62 941 446.
383 506 292
9 513 271
373 993 021
52 558 291
117 403 616
818733
170 780 640
203 212 381
14 572 522
188 639 859
158 462 319
118 615 9 54

48 960 406
15 235 935
2.19


1954


#9 868 868
225 146
10094 014
198 915
9 895 099
7 071
1 381 875
14 155
1 403 101
8 491 998
8 491 998
3 220 734
6 070 430


r r


$10 177 819
445 122
10 622 941
370 226
10 252 71 5
3074
1 409 862
15 216
1 428 152
8 824 563
8 078
8 816 485
3 156 743
6 712 457


5894466 d 218
332960 19 638
7.05 7.18


$67 983110
4 081 829
72 064 939
3 313 220
68 751719
75 09 0
15 923 221
139 252
14 137 563
54 614156
d 2

32 107 128
28 233 290

39 507 079
2847193
4.86


$83 7 2
5 342 82 -...
89 080 854
4 013 845
85 067 009
69 592
14 060 484
150 937
14 281 013
70785 996
84 344
707016 52
31 031 023
50 765 067

33 589 522
2790791
5.96


EASTERN DISTRICT
INCLUDINe SOUTHERN REGION WESTERN DISTRICT
POCAHONTI AS REGION
Income Items For the month of October For the ten months of For the month of October For the ten months of For the month of October For the ten months of

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


1. Net railway operating Income ...................... $36464834 $44 551 305 $246669 727 04 302 808 $14 703 863 $16 376 510 $126 765 4410164 409 012 839 706 507 $46 403 535 J29805354454383980283
2. Other income ...................................... 5 4549961 7 303670 61735287 68284338 3217 161 3 295280 18739 842 21992 588 14 504 80C 10 697 292 109862 3 5 9 101516 395
3. Total income ................................. 41 919 815 51854 975 308405014 472 587146 17921 024 19 671790 145505283 186401600 54211303 57 100 827 407915804 485496678
4. Miscellaneous deductions from income .............. 900 017 1 270 167 10 714 342 13 527116 857 121 729 137 4345579 7179982 2 051 913 2 169411 20 207 416 18 852 834
5. Income available for fixed charges ........... 41019 798 50584 808 297690672 459060030 17063903 18942 653 141159704 179221618 52159 390 54 931416 387708388 466643844
6. Fixed charges:
6-01. Rent for leased roads and equipment ....... 3565691 5339057 41933360 52627883 831375 794004 8318212 8142703 127180 130548 1509080 1574297
6-02. Interest deductions _/ ........ ............ 12746 b97 13056 734 129 173430 131 464100 4201 339 4085411 41017199 40 385 911 10273050 10160219 101147028 99875391
6-03. Amortization of discount on funded debt ... 111 746 109 838 958 007 969 670 18 9 58 26 382 217 642 290 093 127 6 61 139 450 1 275 463 1 267178
6-04 Total fixed charges .................. 16424034 18505629 172 064797 185061653 5051672 4905 797 49553053 48818707 10527891 10430217 103 931 591 102 716 866
7. Income after fixed charges ................... 24595764 32079179 125625875 273998377 12012231 14036856 91606651 130402911 41631499 44501199 283776797 363926978
8. Other Deductions .................................. 1321154 1522614 14232787 14656866 264317 241778 2631310 2414245 1251874 1174279 12498899 11802 3 58
9. Net Income ................................... 232746 10 30556 565 111393088 259 341511 11747 914 13 795078 88975341 127 988666 40379 625 43 326 920 271277 898 352124620
10. Depreciation (Way and structures and Equipment) ... 19 424 734 19 143 843 193 868 046 189495 342 6249 362 6080975 62588399 58757412 18 566 914 17 457 360 182 104 362 170 124 622
11. Federal income taxes .............................. 8 968 896 19 588 049 47 366832 169381021 5216222 9 446 331 46 143903 97861179 13 877 152 28 144467 119 639 736 270210 124
12. Dividend appropriations:
12-01. On common stock .......................... 15789218 12 458 551 68080632 82549928 10278213 10332 825 44928991 41488322 3751276 397268 103576572 90299700
12-02. On preferred stock ....................... 1412 768 2 921 732 15779 842 18026726 1602 085 760223 7722127 3372393 496 798 3041 127 36313568 43682705
Ratio of income to fixed charges (Item 5-6-04) 2.50 2.73 1.73 2.48 3.38 3.86 2.85 3.67 4.95 5.27 3.73 4.54


UNITED STATES UNITED STATES
Seleoted Expenditure and Asset Items AN----Selected Liability Ite AALI OF NET INCOME--ALL CLASS I RAILWAYS *
Balance at the end of October Selected Liability Items Balance at the end of October

1954 1953 1954 1953
Reports showing Reports showing
17. Expenditures (gross for additions and betterments- 26009881 40. Funded debt maturing within 6 months 2/.................. $175,150,033 $197,448,992 Period Net Income Nt Deficit
18. Expenditures (gross) for additions and betterments- 41. Loans and bills payable/ .. ........... 21,513,850 2,495,633 Number Amount Number Amount
Equipment 442,317,415 746,248,811 42. Traffic and car-service balances-Cr.. 103,590,765 109,864,315
19. Investments in stocks, bonds, etc., other than those 43. Audited accounts and wages payable ... 473,534,520 538,442,124 October.. 1954 101 $78,825,081 21 $3,422,932
of affiliated companies (Total, Account 707) 405541,360 57,698,779 44. Miscellaneous accounts payable 198,941,167 227,502,377 October.. 1953 105 90,218,183 17 2,539,620
20. Other unadjusted debits 98,726,433 96,266,092 45. Interest matured unpaid 94,246,514 29,151,359 10 months 1954 95 509,287,159 27 37,640,832
46. Dividends matured unpaid .... .. 4,265,875 3,776,615 10 months 1953 108 757,165,702 14 17,710,905
21. Cash 835,678,595 954,533,710 47. Unmatured interest accrued.................................... 80,651,864 80,528,527
22. Temporary cash investments --,4 1,0 4g. Unmatured dividends declared 43,017,456 42,549,548
23. Special deposits ....96386,044 70,798885 49. Accrued accounts payable .. 224,262,403 223,813,891
24. Loans and bills receivable .. ...514,988 3,339,583 50. Taxes accrued 576,660,889 940,927,520
25. Traffic and car-service balances-Dr. 64,118,311 63472730 51. Other current liabilities 107,667,185 95,173,845
26. Net balance receivable from agents and conductors 157,249,222 178,285,913
27. Miscellaneous accounts receivable 3. 08,80,622 363,895,500 Total current liabilities (items 41 to 51) 1,928.352488 2,294,225,754 xcle 4 roads whose not income (or deficit) was
28. Materials and supplies .. 729,957,672 831,743,228 .92 absorbed by the controlling company.
29. Interest and dividends receivable .. ..... 15,479,404 17,985,329 53. Analysis of taxes accrued:
30. Accrued accounts receivable 222,641,317 260,912,084 53-01. U. S. Government taxes................................. 395,013,089 749,358,308
31. Other current assets 26,866,0 36,29,735 53-02. Other than U. S. Government taxes........ 181,647,800 191,569,212
32. Total current assets (items 21 to 31) 3,356,254,986 3,812,136,767 54. Other unadjusted credits-...........------------------.--....- 267,818,299 285,388,025


d Decrease, deficit, or other reverse item.
V/ Represents accruals, including the amount In default.


2/ Includes payments of principal of long-term debt (other than
- long-term debt in default) which becomes due within six months
after lose of month of report.
/ Includes obligations which mature not more than one year after
date of issue.


POCAHONTAS REGION


SJAN 2 1955


I


/







INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR THE TER MONMBS DWED OCTOBER 1954 AND 1953


Page 2


NIT HAlLWAY OPERATING FEDERAL INCOME DIVIDED NEIT RAILWAY OPIATING FEDERAL INCOME DIVIDEND
INCOME INCOME TAS APPROPRATIOS INCOME INCOM TAX APPOPIATINS
Region and railway Region and railway ICMNT_______________APRRIT_________
1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


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


$671,488,613 $952,692,103


$471,646,327 $739,454,797 $213,150,471 $537,452,324 $276,401,732 $279,419,774 Southern Region Continued


Eastern District Total ............. 178,686,617 320,564,846 56,778,930 188,639,859 19,133,542 118,615,954 41,506,202 64,196,341

Eastern District Incl. Pocahontas
Region Total .................... 246,669,727 404.302,808 111,393,088 259,341,511 47,366.832 169,381,021 83,860,474 100.576,654

New England Region Total ............ 6,983,505 15,109,191 d 1.451.956 5,216,595 250,323 5,140,085 3,941,626 3.098,539

Bangor and Aroostook .................. 1.795,946 1,683,490 549,322 720,993 2,769 545,488 191,400 191,400
Boston and Maine ...................... 209,684 4,300,075 d 2.986.618 1,095,801 203,242 1,686,685 721,276
Canadian National Lines in New angland d 1.523.285 d 1.305.006 d 1.645.148 d 1.426.753 -
Canadian Pacific Lines in Maine ...... 221,951 201,103 -
Canadian Pacific Lines in Vermont .... d 647.663 d 1.088.457 -
Central Vermont ......................... 125,039 736,907 d 1.243.178 d 641.506 -
Maine Central ........................... 1,317,119 2,112,305 359,117 985,599 187,661 937,912 80.310 79,936
New York Connecting .................. d 96.115 546,760 d 629.443 4,932 -
New York, New Haven and Hartford ..... 5,702,895 8,013,827 4,265,746 4,592,174 d 143,349 1.970,000 2,948,640 2,827,203
Ratland .............................. d 122.066 d 91.813 d 121.754 d 114.645 -

Great Lakes Region Total ............. 74,521.101 149,319,488 29,489,108 98,794,655 10,758,566 53.032,651 20,869,587 29,093.178

Ann Arbor ............................ 481,189 854,459 337,920 701,823 7,922 441,307 --
Cambria and Indiana ................... 657.356 779,078 663,510 756,587 409.140 541,182 240.000 300,000
Delaware and Hudson ................... 4,731,854 8,490,243 3,138,253 6,826,849 577,000 --
Delaware, Lackawanna and Western ..... 5,252,527 8,699,979 2,498,498 5,696,713 d 1,067.604 2,844.929 1,266,618 844,412
Detroit and Mackinac .................... 227,779 295,711 231,122 292,515 162,369 227,424 -
Detroit and Toledo Shore Line ........ 705,914 1,023,929 648,775 973.719 482,640 916,920 200,000 200,000
Erie ................................. 10.518,361 16,465,134 5,203,920 10,780,688 d 3.066.948 7,178,711 4,770,938 3.852,066
Grand Trunk Western .................. 312,416 4,031,648 d 3.088.687 810,620 7.635 --
Lehigh and Hudson River ............... 290,594 395,647 302,112 406,081 171,523 312,597 211,365 211,365
Lehigh and New England ................ 851,259 1,429,850 693.766 1,289,877 489,192 1,059,242 680,000
Lehigh Valley ........................ .. 4,257,356 9,100,153 1,504,517 5,907,821 d 711,100 1,862,100 1,346,340
Monongahela .......................... 145,237 412,669 d 257.243 23.979 266,641-
Montour .............................. 428,260 543,775 405,499 512,446 235.960 381,369-
New York Central ...................... 17,029,432 52,743,527 d 2.664.635 30,039,053 1,517,417 8,253,258 3,223,697
New York. Chicago and St. Louis ...... 14,226,857 19,159,851 10,586,882 15,745,312 10,231,000 16,337,000 6,193,487 12,390,799
New York, Ontario and Western ...... d 1.303.916 d 538.343 d 2.521.642 d 1.764.576 -
New Tork, Susquehanna and Western .... 264,713 428,?36 d 6,4105 7,270 11,938 750,000
Pittsburgh and Lake Erie .............. 6,682,875 11,826,948 5,932,174 9,476,528 362.751 5,013,610 3,886,425 3,886,425
Pittsburg & Shawmut ................... 475,557 607,667 281,568 474,286 8,805 -
Pittsburgh and West Virginia ......... 919,580 1,192,490 .441,425 785.663 d 3.536 536.847 457,500 457.500
Wabash ............................... 7,365,901 11,376.337 5,115.479 9,051.401 1.537,840 6,254,136 2.296.914 2,296,914

Central Eastern region Total ....... 97,182,011 156,136,167 28,741,778 84,628,609 8,124,653 60,443,218 16,694.,989 32,004,624

Akron, Canton and Youngstown ......... 271,828 786,011 173,815 704,181 67.635 561,941 142,635 162,508
Baltimore and Ohio ..................... 27,761,560 40,122,825 11,613,218 23,429,060 d 20,674 11,531.794 4,917,478
Bessemer and Lake Erie .................. 4,627,496 5.735,160 4,401,492 5,526,298 2,146,806 6,956,158 359,976 359,976
Central R. R. Co. of New Jersey ...... 3,005,427 4,498,122 d 11.113 1,386,132 d 22.634 134,095 -
Chicago & Eastern Illinois .............. 2,717,964 3,631,036 1,311,283 2,213,461 d 353.500 897,100 966,881 973,117
Chicago A Illinois Midland ............ 417,787 680,658 334,551 593,812 321,896 622,485 -
Chicago, Indianapolisc and Louisville 1,558,866 1,644,779 916,658 986,806 505,000 668,000 429,642 429,642
Detroit, Toledo and Ironton ........... 2,367,785 2,523,782 2,020,875 2,237.119 513,983 1,625,153 490.,666
Elgin, Jollet and Eastern ............. 584,.451 3,981.843 486,108 3,768,028 5,722,229 -
Illinois Terminal ....................... 545,587 1,014,931 72,500 511,264 d 146.603 231,907 -
Long Island .......................... d 2,168.602 389,225 d 3.720,356 d 1.733.178 -
Missouri-Illinois..................... .980,374 850,414 1,007,285 879,461 247,500 852,000
Pennsylvania ......................... 40,290,036 70,391,966 2,856,036 31,472,166 1,418,000 17,928,000 9,875,816 19,751,631
Pennsylvania-Reading Seashore Lines .. d 2.868.586 d 3295,207 d 3.669.336 d 4.071.707 300,069 623,352 -
Reading .............................. 11,223.959 14,330,913 7,638,390 10,629,205 1,211,075 6,135,204 4,476,489 4,476,056
Staten Island Rapid Transit ........ d 600.508 d 297424 d 1.034.777 d 73809 -
Western Maryland ...................... 6,466587 9,147,133 4,345,149 6,834,910 1,936,100 5,953,800 443,550 443,550

Pocahontas Region Total ............. 67,983,310 83.737,962 54,614,158 70,701,652 28,233,290 50,765,067 42.354.272 36,380,313

Atlantic and Danville ................ d 98.756 25,068 d 12.347 d 36.153 6,002 -
Chesapeake and Ohio .................. .40,823,648 51.252,588 29,120,374 40,029,567 9,800,000 23,110,000 24,073,258 18.099,299
Norfolk and Western .................. 18,350,381 23,647.554 18,276,520 23.591,094 12,850,000 20,950,000 13,318,053 13,318,053
Richmond, Fredericksburg and Potomac 2,422,479 2.681,070 2,552,822 2,580,210 1,675,912 2,307,450 940,297 940,297
Virginian ............................ 6,485,358 6,131,682 4,788,789 4,536.934 3,907,378 4,391,615 4,022,664 4,022,664


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

Alabama Great Southern ...............
Atlanta & Saint Andrews Bay ..........
Atlanta and West Point ...............
Atlantic Coast Line ..................
Central of Georgia ...................
Charleston & Western Carolina ........
Cincinnati, NBew Orleans & Texas Pacific


126,765,441 164,409,012


88,975,341


2,268,508
604,874
131,621
9,925,350
1,963,346
249,910
4,533,328


127,988,666


46,143,903


97,861,179


52,651,118


F 4 4 -4--


2,815,949
486,708
216,406
10,310,102
2.375,158
394,818
5,714,162


54o,OOC
637,092

800,000

35,000
4,585,000


1,065,000
782.759
62,905
d 100,000
762,891
220,000
6,790,000


896,828
659.714
73,908
4,948,332
2.556,255

1,794,000


44,860,715


896,828
2,879,872
147,816
4,948,332


1,896,225


Clinchfield ............................
Columbus and Greenville ...............
Florida East Coast** ...................
Georgia R. R. Lessee Organisation .**.
Georgia & Florida* .....................
Georgia Southern and Florida ...........
Gulf, Mobile and Ohio ..................
Illinois Central .......................
Louisville and Nashville ...............
Mississippi Central ....................
Nashville, Chattanooga & St. Louis .....
New Orleans and Northeastern ...........
Norfolk Southern .........................
Seaboard Air Line ......................
Southern ...............................
Tennessee Central ......................
Western Hr. of Alabama .................


$5,187,844
37,904
57.702
775.187
& 84.266
17,710
7.243,416
21,598,178
18,991,250
184,716
3,612,577
1,316,009
473,967
18,621,870
26,665,765
175,842
402.747


$7,346,805
132,429
2,450,412
1,452,428
107,947
621,646
9,462,399
28,611,140
29,348,254
238,169
4,962,887
2,063.862
727,815
19.986,330
34,050,441
335,630


$55,797 $143,386
d 3.780.969 A 1.320.880


d 939.113
d 210.873
4,885.421
15,159.964
14,430,923
111,675
2,459,241
1,360,660
384,253
16,155,800
18,890,814
d 32.540
367-351


d 703.345
395,105
7.217,402
22.217,601
26,698.488
173.324
3,865,091
2,140,503
636,684
17,574,088
26,151,496
78.409
4ofi on11


$649,416
87,000


d 2.500
2,373,000
10,664,000
3.568,494
47,014
1,189,705
1,225,000
178,236
5.536,700
13,950,000
Ro 746


$811,694
148.320


395,000
6,152,000
22,967,000
20,098,860
111,253
2,837.032
2,275,000
622,468
8,388,000
23,184,637
d 6.698
293.058l


$24,375



1,625,831
7,908,633
11,700,000
60,358
1,023,934
443,442
6,578,099
12,087,409
270 000


$24.375



2,438,746
7,229,619
11,700,000
60,358
1,023,934

491,642
5,204,717
5,618,251

300.000


Western District Total ................ 298,053,445 383,980,283 271,277,898 352,124,620 119,639,736 270,210,124 139,890,140 133,982,405

Northwestern Region Total ............. 60,543,293 82,434,299 40,149,439 60,100,094 17,410,381 46,083,051 36,111,608 30,630,490

Chicago and North Western ................ 177,798 6,489,886 d 4.237.304 2,449,387 3,015,880 2,970,185
Chicago Great Western ................... 3,439,799 3,387,035 2,604,056 2,516,893 1.687,000 1,792,000 686.454 1,070,857
Chicago, Milwaukee, St. Paul and Pacific 8,204,198 11,592,486 2,437,144 5,808,163 2,419,000 7,716,468 7,716,468
Chicago, Saint Paul, Minneapolis & Omaha d 719.444 4 963.634 d 2 2.951.127 -
Duluth, Missabe and Iron Range .......... 5,842,132 9,460,508 5,388,494 8,971,918 3,806,200 14,617,800
Duluth, South Shore and Atlantic ......... 340,463 455,758 79,966 254,137 d 24,462
Daluth, Winnipeg and Pacific ............ d 168.376 d 408649 d 2.069 d 768.588 -
Great Northern .......................... 19,974,135 24,954,791 20,441,669 23,925,188 9,168,718 16,227,066 12,724,524 12,172,938
Green Bay & Western ....................... 138,426 429,225 69,382 425,575 150,232 482,588 125,000 125,000
Lake Superior & Ishpeming................ 753,267 1,236,528 735,400 1,231,129 135,000 817,026 224,910 224,910
Minnonpolls & St. Louis ................. 1,620,900 1,728,503 1,488,788 1,585,793 676,358 1,201,504 5,660,000 600,000
Minneapolis, St. Paul & S. S. Marie ..... 2,294,529 1,928,398 1,605,663 1,231,620 400,000 400,211 179,776
Northern Pacific ........................ 11,945,253 13,440,084 10,525,717 10,961.655 1,012,000 5,605,000 5.579,348 5,579,348
Spokane International .................... 531.740 579,022 402,018 451,210 198,100 290,000 199,248 170,784
Spokane, Portland and Seattle ............ 4,474,820 5,234,868 1,723,787 2,588,543 307,468 1,423,055 --
Wisconsin Central ....................... 1,693,653 2,889,490 135,215 1,418,598 d 130.695 832,263

Central Western Region Total .......... 167,676,448 207,953.893 181,482,939 226,753,536 82,899,008 177,311,055 87,239,890 87,388,959

Atchison, Topeka and Santa 7e a/ ........ 49,677,956 66,230,148 45,656,330 62,530,036 25,629,000 60,271,651 21,307.270 21,307,270
Chicago, Burlington &4 incy ............ 22,695,393 26,277,052 18,143,709 22,414,217 10,655,500 20,937,512 9,396,129 9,396,129
Chicago, Rock Island and Pacific ........ 15,201,681 23,496,535 13,357,555 21,471,668 3,440,000 11,610,000 7,708,704 7,034,770
Colorado and Southern .................... 1,088,131 1,908,517 1,070,133 1,904,207 326,141 1,578,303 339,988 989,785
Colorado & Wyoming ....................... 344,931 470,040 313,465 434,422 204,800 494,700 481,919 440,000
Denver and io Grande Western ........... 11,506,053 10,771,133 8,614,363 8,304,234 4,395,300 8,266,700 3,331,439 3,876.849
Fort Worth and Denver ................... 2,111,988 2,344,653 1,262,667 1,507,340 396,728 1,129,651 -
Northwestern Pacific ...................... 912,068 674,748 932,135 693,631 910,228 248,211
Sacramento Northerne" .................... 139,608 1,136,227 d 514,448 514,126 6,184 601,100 -
Southern Pacific Co., Incl. Leased Lines 33,954,442 41,597,701 32,435,239 41,399,575 6,828,333 26,709,306 20,356,025 20,356,025
Southern Pacific Transp. System b ...... 38.999,791 51,819,549 35,978,264 50,089,143 8,720,893 35,875,049 20,356,025 20,356,025
Toledo, Peoria & Western ................ 645,914 836,920 612,666 797,477 654,180 1,055,779 162,000 171,500
Union Pacific Incl. Leased Lines ........ 24,862,117 24.666,897 56,053,176 57,899,954 28,200,000 38,700.000 20,653,549 20,653.549
Utah .................................... 135634 26,446 d 146.004 26,524 -
Western Pacific ......................... 4,671,800 7,516,876 3,691.953 6,856,125 1,252,614 5,708,142 3,502,867 3,163,082


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

Beaumont, Sour Lake & Western** ........
International-Great Northern"* .........
Kansas City Southern ...................
Kansas, Oklahoma & Gulf ................
Louisiana & Arkansas ...................
Midland Valley .........................
Missouri-lansas-Texas ..................
Missouri-Pacific* .....................
New Orleans, Texas & Mexico**" ..........
Oklahoma City-Ada-Atoka ................
St. Louis, Brownsville and Mexico** ....
St. Louis-San Francisco ................
St. Louis, San Francisco and Texas .....
St. Louis Southwestern .................
San Antonio, Uvalde & Gulf*" ...........
Texas and New Orleans ..................
Texas and Northern .....................
Texas and Pacific ......................
Texas Mexican ..........................


69,833,704 93.592,091


878,011
2,110,613
6,296.753
612,023
4,325,868
203,173
5,805,300
19,150,438
2,025,496
188,505
2,237,231
8.706,881
283,372
5,446,730
d 40Q.177
5,045,349
288,152
6,549.517
80,469


49,645,520


65,270,990


19,330.347


46.816,018 16,538,642 15,962,956


2,540,996
344,232


2,501,269



6,381,044

1,853,240


2,342,175


- --+ -- -4i i -


1,556.581
3,139,369
6,916.620
1,024,165
5,296,918
258.947
8,103,032
20,826,908
1,277,396
146,oo00
2,047,784
12,324,283
407,782
9,233.254
d 379.Z22
10,221,84
275,567
10,603,671
311.73(


1,020.459
13,886
4,682,845
509,898
3,945,373
218,653
3.159,655
7,931,416
d 146.589
199,062
1.535,203
4,614,968
267,924
13,388,236
d 575.201
3,443,025
287,787
5,173,773
d 24.853


1.693.295
993,607
5,389,387
917,117
4,913,140
222,287
5,493.407
9,372,395
d 873,116
130,098
1,376,372
8,769,047
413,618
8,877,433
d 566.922
8,589.567
274,927
9,077,146
208,185


79,000
d 104.000
4,414,700
394,373
2,506,886
87,872
d 20.197
- 412.248
d 585,000
170,663
48,000
882,000
261.379
6,366,839

1,892,560

3.354,000
d 6.480


855,956
d 313.000
4,223,200
936,715
3,467.500
204,470
4,162.000
1,428,000
34.955
106,517
d 391.552
6,782,878
437,494
8,992,842

9,165,743
462,300
5.936,000
324,000


2,923,196
265.794


2,501,269



6,377,968

1.853,240

275,000
2,342,175


a/ Includes Atchison, Topeka & Santa Te By., Gulf, Colorado & Santa To By., and Panhandle & Santa To By.
/ Data not included in totals. Includes Southern Pacific Company, Texas and New Orleans R. R. Co., and leased lines.
U. S. GOVERNMENT PRINTING OFFICE: 1954 0 3103ZO (6)


1,925,808
609.848
95.957
9,058,907
3,371,329
562,526
5,862,648


2,471,584
487,332
187,583
7,597,035
3,483.550
730,660
7,119,552


* Report of receiver or receivers.
** Report of trustee or trustees.
d Deficit or other reveroo items.


i i i


. i


-t-


i .








Subject to revision


Income Items


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/ ....................
6-01. Amortizatlon of discount on funded debt ...
6-04. Total fixed charges ..................
7. Income after fixed chrcees ...................
8. Other Deductions ..................................
9. Net income ...................................
10. Depreciation (Way and structures and Equipment) ...
11. Federal income taxes ..............................

12 Dividend appropriations:
12-01. On common stock ..........................
12-02. On referred stock .....................

Ratio of income to fixed charges (Item 5-6-04) .


I I I


UNITED STATES


EASTERN DISTRICT


POCAHONTAS


For the month of November For the eleven months Of For the month of November For the eleven months of For the month of November


$94 118 053
20 116 2 03
114 234 2 56

4 002 142
110 232 114

4 538 350
27 149 789
259 823
31 947 962
78 284 1 52
2 766 420
75 517 732

44 196 199
28235 495

60 102 939
9 088 271

3.45


1993


1954 1953


1 1 I It (* I t


$78 526 182
21 088 581
99 614 763

4 089 4 91
95 525 272

6 125 751
27 244 064
291 999
33 661 814
61 863 458
2 9033555
58 960 103

43 002 520
24 424 279

61 296 222
7 456 710

2.84


$765 606 666
210 453 681
976 060 35 5
39 269 478
936 790 877

56 299 004
298 487 444
2 710 95 5
257 497 403
579 293 474
32 129 416
147 164 058

482 757 006
241 385 966

276 689 134
68 903 808

2.62


$1 031 517 284
S 128l1904
1 244 399 186

43 649 422
1200749 765

68 470 63
Z98 969 467;
2 818 94
370 259 042
830 490 723
31776824
798 713 895

461 377 893
561 631 603

275 634 173
72 538 534

3.24


$28 993 311
6 061 756
35 055 067

860 513
34 194 554

3562859
11 382 591
96 4 63
15 041 913
19 152 6 41
1 260 6 2 3
17 892 018

16 152 320
1 474 020

7353207
3 832 115

2.27


$24 506
6 890
31 396

772
30 623

5 189
11 734
121
17 045
13 578
1471
12 107

16 030
669


7 685 651
1 019 521
1.80


S207 679 927 $345 370 306
63715215 69831944
271 395 142 415202252


8261634
263 133 508

45 421129
126 632 800
915 218
172 969 147
90 164 361
15493412
74 670 949

177 913 238
20607 562

35 926 760
16 764 764

1.52


10 286 270
404 915 982

57747516
129 138 154
940 5 52
187 826 222
k17 089 760
16043523
0-01046237

174 492 374
119 040 508

56 646 057
16 255 4 56
2.16


$8 667 534
584 266
9 251 800

221 415
9 030 385

7956
1 378 862
14 032
1 400 8 50
7 629 535

7 629 535

3 218 155
4778690

8 950 762
55 04 4
6.45


$6 911 214
627 155
7 538 369.

330 424
7 207 945

8 871
1 405 702
15 215
1429 788
5 778157
8078
5 770079

3 174 452
2 982 728

14 427 510
180 937
5.04


UNIVERSITY OF FLORIDA


ff111IIfI I lllll 11111111111i111ffI Ill 11111 J INTERSTATE COMMERCE COMMISSION
3 1262 08851 3758 BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

Compiled from 126 reports (Form IBS) representing 129 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


$76 650 644
4666095
81 316 739

3 534 635
77 782 104

83046
15 302 083
153 284
15 538 413
62 243 691
d 2
62243693

35 325 283
33 011 980

48 457 841
2902237
5.01


890 649 176
5970047
96 619 223

4 344 269
92 274 9 54

78 463
15 466 186
166 1 52
15 710 801
76 564 1 53
92 422
76 471731

34 205 475
53747795

48 017 032
2 971 728
5.87


EASTERN DINSTIIIRICTI I
INCLUDING SOUTHERN REGION WESTERN DISTRICT
POCAHONTAS REGION
Income Items For the month of November For the eleven months of For the month of November For the eleven months of For the month of November For the eleven months of

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


Net railway operating income ......................
Other income ......................................
Total income .................................

Miscellaneous deductions from income ..............
Income available for fixed charges ...........
Fixed charges:
6-01. Rent for leased roads and equipment .......
6-02. Interest deductions 1/ ....................
6-03. Amortization of discount on funded debt ...
6-0o Total fixed charges ..................
Income after fixed charges ...................
Other Deductions ..................................
Net income ...................................

Depreciation (Way and etructuree and Equipment) ...
Federal income taxes ..............................

Dividend appropriations:
12-01. On common stock ..........................
12-02. On preferred stock .......................

Ratio of Income to fixed charges (Item 5+6-04)


Selected Expenditure and Asset Items


17. Expenditures grossi 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
2 Traffic and car-service balances-Dr.
2 Net balance receivable from agents and conductors
27. Miscellaneous accounts receivable
28. Materials and supplies
29. Interest and dividends receivable
30. Accrued accounts receivable
31. Other current assets
32. Total current assets (items 21 to 31)


t37 660 845
6 646 022
44 306 867

1 081 9 28
43 224 939

3 570 815
12 761 4 53
110 4 95
16 442 763
26 782176
1 260 6 2 3
25 521 5 53

19 370475
6252 710

16 303969
3 887 1 5'
2.63


$31 417 676
7 517 653
38 935 3 2 9

1 103 423
37 831 906

5198 096
13 140 239
137 034
18475 369
19 356 537
1 479 C 7 9
17 877458

19 204 509
3 652 282

22 113 161
1 200 458
2.05


$284 330 571
6P 381 31 C
15? 711 8 61

11 796 26 9
340 915 612

45 504 175
141934 883
1068502
188 507 56 C0
152 408 052
15 493 4 1 0
136 914 642

213238521
53 619 542

84 384 601
19 667 001
1.81


$436 019 484
75 801 991
511 821 475

14 630 539
497 190 936

57 825 979
144 604 340
1106704
203 537 023
.93 653 913
16 135 945
L77 517 966

Z08 697849
172 788 303

104 663 089
19227184
2.44


$16 433 026
1 749 986
18 183 012

959 261
17 223 7 51

834 766
4 019 164
18 9 71
4 672 901l
12 350 8 50
245 988
12 104 862

6 270125
6 143 709

2 994 8 75
747 397
3.53


$14 590 417
1 601 731
16 192 148

607 336
15 584 812

790 669
4 098 463
27 962
4 917 094
10 667 718
241 401
10 426 317

6 123 638
4 789 038

3 960 133
1 111 916
3.17


$143 198 467
20 489 828
163 688 29 5

5 304840
158 383 455

9 152 978
45 036 363
236 613
54 425 954
103 957 501
2 877 298
101 080 2 03 3

6P 858524
52 287 612

47 923 866
8 469 524
2.91


$178 999 429
23 594 319
202 593 748

7 787318
194 806 430

8 933 372
44 484 374
318 055
53 735 801
141070 629
2 655 646
138 414 983

64 881050
102 650 217

45 448 4 56
4 484 309
3.63


$40 024 182
11 720 195
51 744 377

1 960 9 53
49 783 4 24

132 769
10 369 172
130 3 57
10 632 2 98
39 151 126
1 259 809
37 891 317

18 555 599
15 839 076

40 804 095
4 453 715
4.68


$32 518 089
11 969 197
44 487 286

2 378 732
42 108 554

136 986
10 005 362
127 003
10 269 351
31 839 203
1 182 875
30 656 328

17 674 373
15 982 959

35 222 928
5 144 336
4.10


$338 077 628
121 582 5 5
459 660 175

22 168 36 S
437 491 810

1641 651
111 516 198
1405 84C
114 563 889
322 9 .7 921
13 758 708
309 169 213

200659961
135 478 812

144 380 667
40 767 2 8 3
3.82


4, A 4, a ___________ __________ I ___________ ___________ I h ______________________ I


UNITED STATES

Balance at the end of November


Selected Liability Items


.4. .4 + -4-


*1~~


$283,918,396
458,413,808

403,989,322
92,433,654


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


873,285,473
926,378,086
73,762,024
504,289
66,293,401
163,153,794
309,659,527
715,230,616
21,727,051
212,035,523
27.759.029


$359,035,223
806,870,968

452,585,918
94,776,543


956,946,453
1,055,571,106
81,083,325
3,319,685
63,747,486
177,880,065
352,200,977
834,690,723
19,813,770
228,445,531
36.410,578


3,389,788,813 3,810,109,699


40. Funded debt maturing within 6 months 2/


41. Loans and bills payable /
42. Traffic and car-service balances-Cr.
4. Audited accounts and wages payable
Miscellaneous accounts payable.
45. Interest matured unpaid
4 Dividends matured unpaid
47. Unmatured interest accrued
41. Unmatured dividends declared
49. Accrued accounts payable
50. Taxes accrued
51. Other current liabilities

52. Total current liabilities (items 41 to 51)


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


$178.850,298


UNITED STATES

Balance at the end of November


$239.528.628


.4, _______


8,979,967
104,575,448
459,693,436
194,844,245
90,863,002
4,908,731
90,997,263
108,474,478
218,411,775
578,982,691
96,131,029
1,956,862,065


2,461,225
111,301,124
546,163,463
217,343,561
39,374,692
10,457,155
89,262,066
100,721,758
224,739,031
941 391,201
88,094,510

2.371,309,786


418,967,020 765,607,127
160,015,671 175,78h,074
265,809,843 284,544,687


d Decrease, deficit, or other reverse item.
T/ Represents accruals, including the amount in default.


9416 498 371
113 485 594
529 983 965

21231566
508 752.399

1 711 284
109 880 7 53
1 394 181
112 986 218
395 766 181
12 i85 233
362 780 948

187798994
866 193 083

125 522 628
48 827 041
4.50


ANALYSIS OF NET INCOME--ALL CLASS I RAILWAYS *


Period


Reports showing
Net Income


Number Amount


Reports showing
Net Deficit


Number Amount


November 1954 100 978,623,245 22 $3,105,513
November 1953 100 62,479,550 22 3,519,447
11 months 1954 97 584.507,898 25 37,343,840
11 months 1953 106 818,624,603 16 19,910,704


* Excludes 4 roads whose net income (or deficit, was
absorbed by the controlling company.


IL ______________________________


2/ Includes payments of principal of long-term debt (other than
long-term debt in default) which becomes due within six months
after close of month of report.
2/ Includes obligations which mature not more than one year after
date of issue.


Statement No. M-125

NOVEMBER FL 0,





5 5 MAR 955


REGION 95

For the eleven mont
1954 1953


I







INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


SELECTED INCOME ITEMS BY REGIONS AND DISTRICTS, CLASS I STEAM RAILWAYS
FOR THE ELEVEN MONTHS ENDED HOVEKBER 1954 AND 1953


NET RAILWAY OPERATING NET INCOME FEDERAL INCOME DIVIDIEND NET RAILWAY OPERATING FEDERAL INCOME DIVIDEND
INCOME TAXIS APPROPRIATIONS INCOME RET INCuME TAXES APPROPRIATIONS
Region and railway Begion and railway

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


United states Tot d


=..Go. O K. I "- -.... ........ ,- *1 *,. V *, "--V, X IV[
Eastern District Total ............. 207,679,927 345,370,308 74,670,949 201,046,237 20,607,562 119,040,508 52,691.524 72.901.513

Eastern District Incl. Pocahontas
Region Total .................... 284,330,571 436,019.484 136,914,642 277,517,968 53.619,542 172.788,303 104,051,602 123,890,273

New England Region Total ........... 8,154.514 16,416,516 d 870,636 5,646,290 172,694 5,028,263 4,433.166 3.098.539

Bangor and Aroostook ................. 1,991,062 1.852.970 602,772 784,052 d 31,264 574,870 191,400 191,400
Boston and Maine ..................... 265,672 4,606,917 d 3.250.600 1,102,133 191,21E 1,724,260 721,276 -
Canadian National Lines in New England d 1.629.222 d 1.441.286 d 1.763.409 d 1.575.371 -
Canadian Pacific Lines in Maine ...... 170,743 155,268 -
Canadian Pacific Lines in Vermont .... d 714.408 d 1197046 -- -
Central Vermont ...................... 152,960 794,901 d 1.350.885 d 718.396 -
Maine Central ....................... 1,499,767 2,299,014 438,398 1,061,558 146,093 1,035,593 80,310 79,936
New York Connecting .................. d 110.391 574,716 d 696.137 d 19.758 -
New York, New Haven and Hartford ..... 6,651,712 8,838,128 5,269,776 5,102,308 d 133.349 1,693.540 3,440,180 2,827,203
Rutland .............................. d 123.381 d 67,066 d 120.551 d 90.236 -

Great Lakes Region Total ........... 89,437,996 161,557,291 39,365,988 106,059,802 12,359,903 53,665,692 25,922,205 37.048,644

Ann Arbor ............................ 560,957 912,430 401,784 745.442 40,638 464,838 -
Cambria and Indiana .................. 736,436 869,364 743,407 846,077 466,149 610,202 240,000 300,000
Delaware and Hudson .................. 5,324,567 9,284,132 3,567,695 7,455,063 577,000 -
Delaware, Lackawanna and Western ..... 5,934.934 9,378,591 2,773.508 6,004,776 6 1,207,182 2,825,522 1,266,618 844,412
Detroit and Mackinac ................. 250,612 316,043 253,487 307,091 173,810 233,473- -
Detroit and Toledo Shore Line ........ 768,076 1,052,886 705.444 997.574 521,773 988,002 220,000 220,000
Erie ................................ 11,651.351 17,915,976 5.790,171 11.755,029 d 3.099,963 7,474,318 5,689,781 6.302,274
Grend Trunk Western .................. 349,820 4,186.737 d 3.414.701 627,236 8,.590 -
Lehigh and ndson River ............... 331,837 428,565 343,939 441,097 171,523 337.122 211,365 211,365
Lehigh and New England ............... 956.328 1,555,886 780,970 1,400,629 586.321 1,141,402 136,000 1,700,000
Lehigh Valley ........................ 4,990,953 9.885,731 1,956,062 6,403,087 d 911.100 1,866,600 1,346,340 449.115
Monongahela .......................... 127,495 445,220 d 315.766 16,562 251,384 -
Montour .............................. 461,535 604,348 436,838 570,375 252,737 412,159 -
New York Central ..................... 24,701,991 57,107,719 2,927,668 32,081,441 1,651,717 6,179,674 3,223.697
New York, Chicago and St. Louis ...... 15,899,057 20.532,215 11,859,672 16,808,128 11,490,000 17,462,500 8,224,204 14,459,884
New York, Ontario and Western**...... d 145044 d 657.588 d 2.788.853 d 2.006.794 -
New York, Susquehanna and Western .... 332,276 467,359 d 36.438 d 58.322 37,500 11,938 750,000
Pittsburgh and Lake Erie ............. 7.521,386 12,929.868 6,531,937 10,492,482 402,920 5,508,960 3,886,425 3,886,425
Pittsburg & Shawnmut ................... 535,654 654.358 322,435 506,467 8,805 -
Pittsburgh and West Virginia ......... 1,022,209 1,331,532 606,644 885,550 d 3,536 569,230 610,000 610,000
Wabash ............................... 8,430,967 12,355.919 5.920,105 9,780,812 1.786,596 6.733,973 4,091,472 4,091,472

Central Eastern Region Total ....... 110,087,417 167,396,501 36,175,597 89,340,145 8,074,965 60,346,553 22,336,153 32,754,330

Akron, Canton and Youngstown .......... 326,123 826,208 217,129 736,399 104.533 576,544 142,635 162,508
Baltimore and Ohio .................... 29,104,014 43,184,924 12,627,132 25,468,759 d 2,674 10.529,468 4,917,478 4,917,478
Bessemer and lake Erie ............... 4,899,562 6,219,934 4,651,699 5,985.714 2,179,133 7,447,085 419,976 419,976
Central R. B. Co. of New Jersey ...... 3,428,401 4,904,139 70,057 1,455,514 d 21.345 135,384 -
Chicago & Eastern Illinois .......... 3,077,070 3,961,989 1,536,564 2,402,144 d 278.000 953,600 1,075,861 973,117
Chicago & Illinois Midland ........... 466,421 770,678 374.529 674,089 365,196 708,485- -
Chicago, Indianapolis and Louisville 1,769,020 1,825,186 1,062,948 1,101,495 613,000 753,000 429,642 429,642
Detroit. Toledo and Ironton .......... 3,007,849 2.791,950 2,628,576 2,472,430 d 79,068 1,806,544 490,666
Elgin, Joliet and Eastern ............ 1,390,362 3,392.576 1.288,894 3.159.805 380,497 4,477,394 -
Illinois Terminal .................... 637,295 1,170,805 116,969 618.371 d 114,.003 254,.907 -
Lone Island ......................... 1,932,368 217,711 d 3.528 764 d 2110,948 -
Missouri-Illinois ..................... 1,135,006 875,755 1164.663 907,948 304,400 902,000 135,000 270,000
Pennsylvania ......................... 46,611,423 75,635.544 5.443,923 32,834,344 1,460,000 18,242,000 9,875,816 19,751,631
Pennsylvania-Reading Seashore Lines .. d 2,841826 3750144 d 22651 4605394 685,687
eading.............................. 12,405,463 15,708,286 8,461.374 11,632,008 1,153,196 6,466,955 4,896,195 4,895,762
Staten Island Rapid Transit ......... d 662.399 d 327.206 d 1.139.965 d 812.568 -
Western Maryland ..................... 7.266,001 9.988,166 4,922,520 7,420,035 2,010,100 6,407,500 443,550 443,550

Pocahontas Region Total ............ 76,650,644 90.649,176 62,243.693 76,471,731 33.011.980 53.747,795 51,360,078 50,988.760

Atlantic and Danville ................ d 117.112 20,009 d 149.276 d 44.840 -
Chesapeake and Ohio .................. 45,834,164 55,203,459 33,067,300 42.819,682 11,800,000 24,080.000 24,073,033 24,135,107
Norfolk and Western .................. 21,102,543 25,859,019 20,977,864 25,762,074 15,000.000 22,700.000 20,350,468 20,350,468
Richmond. Fredericksburg and Potomac 2,528,236 2,842,728 2,917,860 2,972,413 1,736,912 2,429,450 2,132,125 1,698,733
Virginian ............................ 7,302,813 6,723,961 5,429,945 4,.962,402 4,475,068 4,538,345 4,804,452 4,804,452


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

Alabama Great Southern ................
Atlanta & Saint Andrews Bay ..........
Atlanta and West Point ...............
Atlantic Coast Line ...................
Central of Georgia ...................
Charleston & Western Carolina ........
Cincinnati, Sew Orleans & Texas Pacific


871 999 429 101 080 203


831 414 983


6. 10393 390 on


, ,


2,430,271
667,560
181,894
10,713,063
2,268,367
311,260
5,025,380


3,074,894
543,781
250,834
11,045,480
2,585,792
420,198
6.149,707


570,000
682,906

525,000

15,000
5,205,000


1,145,000
857,205
83.337
d 550.000
712,891
200,000
7,265,000


1.793,656
659.714
73,908
4,948,332
2,556.255

3,710,670


100932.765


1,793,656
2,879,872
147,816
4.948,332


3,823,117


Report of receiver or receiTvers*
** Report of trustee or trustees.
d. Deficit or other reverse items.


Clinchfield .............................
Columbus and Greenville ................
Florida East Coast** ....................
Georgia R. R. lessee Organisation .....
Georgia & Tlorida* ......................
Georgia Southern and Florida ............
Gulf, Mobile and Ohio ..................
Illinois Central ........................
Louisville and Nashville ................
Mississippi Central .....................
Nashville, Chattanooga & St. Louis ......
New Orleans and Northeastern ............
Norfolk Southern ........................
Seaboard Air Line .......................
Southern ................................
Tennessee Central ......................
Western RBy. of Alabama .................


$6.056,453
42.051
123,857
921,422
d 73.218
d 35 811
8,126,"56
24,763,132
21,594,323
212,641
4,068,456
1,447.868
555,711
20,424,329
30,359,8681
209,961
460.314


$7,850,885
130,418
2,415.785
1,611,800
109,950
641,808
10,265.539
31,019,746
31,600,213
248,758
5,410,698
2,271,745
811,574
21,661,714
37,619,306
365.178
495.436


$63.909
d 4.053.020

d 1.014.046
d 289,050
5,539.343
17,738,344
16.677,221
132,181
2,780,159
1,496,029
448,910
17,792,981
21,757,928
d 9.839
421.358


-143,704
d 1.691.415

d 783,613
396,852
7,790,540
23,970,134
28,508,807
176.467
4,193.087
2.356,685
710,538
19,091,930
28,933,105
80,863
466.613


$645,271
99.800


d 2.500
2,626,000
11,420.000
4.775,545
62,014
1,343,157
1,350,000
233,236
6,045,700
16,575,000

116.483


$892,197
152,620



365,000
6.578.000
24,620,000
21,446,036
108,474
3,007,030
2,415.000
652,468
8,942.000
23,419,637
d 6.698


$24.375



2,438,746
7,908,808
11,700,000
60,358
1,023,934

559,122
6,578,099
12,087,413

270.000


$24,375



4,523.195
7,229,619
11,700,000
60,358
1,023,934

655.522
5,204,717
5,618,252

300.000


Western District Total ................ 338,077,628 416,498,371 309,169,213 382,780,948 135,478,812 286,193,083 185,147,950 174,349,669

Northwestern Region Total ............. 68.885.764 88,762,840 48,777,522 66,232,316 18,847,601 50.619.532 36,541,548 31,343,980

Chicago and North Western ............... 477,187 7,244,769 d 4,402.345 2,784,.696 3,015,880 2,970,185
Chicago Great Western ................... 3,754,290 3,737,075 2,832,297 2,772,004 1,824,000 1,992,000 686,454 1,070,857
Chicago, Milwaukee, St. Paul and Pacific 11.124,608 12,771,912 4,776.553 6,410,323 2,429,000 7,716,468 7,716,468
Chicago, Saint Paul, Minneapolis & Omaha d 628.528d 649,.120 d 2.827.477 d 2824876 -
Duluth, Missabe and Iron Range .......... 5.513,392 9,760,595 5,020.017 9.219,516 3,186,600 14,793,900
Duluth, South Shore and Atlantic ....... 321,404 444,.75 37,401 211.313 d 71,462 210,000
Duluth, Winnipeg and Pacific ........... d 121.808 d 480.657 d 522651 d 876.397 -
Great Northern ......................... 21,878,358 27.238,464 23,579,200 27,016,759 10,218,718 19,191.825 12,724,524 12,172,938
Green Bay & Western ..................... 161,259 449,141 80,142 438,851 174,077 522,210 125,000 125,000
Lake Superior & Ishpeming ............... 767.858 1,219,536 748,419 1,214,388 160,000 847,026 374,850 428,400
Minneapolis & St. Louis ................. 1,806,778 1,949,743 1,661.369 1,787.646 816,358 1,264,504 5,940,000 900,000
Minneapolis, St. Paul & S. S. Marie .... 2,513,788 1,869,110 1,756,230 1,108,493 400,000 235.211 179,776
Northern Pacific ....................... 13,763,406 14,095.792 13,343,735 12.524,206 1,837,000 7,050,000 5.579,348 5,579,348
Spokane International .................. 595,151 612,483 453.121 471,868 201,100 305,000 199,248 170,784
Spokane, Portland and Seattle ........... 5,146,759 5,586,988 2,128,450 2,684,110 157,468 1,423,055
Wisconsin Central ....................... 1,811.862 2,912.534 113,061 1,289,416d 127.720 637,263 -

Central Western Region Total ......... 189,941,596 226,169,770 204,399,173 246,237,135 94,977,755 186,815,071 128,823,287 123.046,938

Atchison, Topeka and Santa Fe a/ ...... 56,106,427 70,251,408 51,575.189 66,038,357 30,151,000 61,351,651 40,187,480 40,187,480
Chicago, Burlington & uincy ........... 25,313,883 28,509,135 20,363,714 24,262,965 12,082,119 22,657,690 9,396,129 9,396,129
Chicago, Rock Island and Pacific ....... 17,096,891 25.639,157 15,071,514 23,428,888 4,098,000 11,684,000 7,708,704 7,034,770
Colorado and Southern .................. 1,168,538 2,098,190 1.146,277 2,093,179 320,399 1,727,136 989,785 989,785
Colorado & Wyoming ...................... 391,775 516,502 357,370 477.384 244.000 541,400 481,919 440,000
Denver and Rio Grande Western ......... 12,835,601 12,026,039 9,630,862 9,331,578 5,041,100 9,286,400 4,150,573 3,881,159
Fort Worth and Denver ................... 2.531,955 2,517,100 1,588,925 1,590,896 650.576 1,162,611 -
Northwestern Pacific ................... 952,791 703,775 975,122 725,278 919,857 282,075
Sacramento Northern** ................... 142,997 1,150,079 d 572.995 468,238 6,184 531,400 -
Southern Pacific Co., Incl. Leased Lines 38,687,100 44,899,494 36,727,255 45.306,177 8,102,932 26.988,680 27,141,366 27,141,366
Southern Pacific Transp. System b/ ..... 44,297,070 56,037,619 40,676,105 54,749,751 10,253,038 36,718,790 27,141,366 27,141,366
Toledo, Peoria & Western ................ 697,841 896,163 654,255 844,729 706,974 1,116,486 162,000 171,500
Union Pacific Incl. leased Lines ....... 28,998.627 28,781,134 63,045,934 64,.186,095 31,200,000 43,300,000 35,102,464 30,656,644
Utah ................................... d 107.703 47,784 d 119.115 47.981 -
Western Pacific ........................ 5,124,873 8,133,810 3,954,866 7,435,390 1,454,614 6,185,542 3,502,867 3.148.105


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

Beaumomt, Sour leke & Western** ........
International-Great Northern** .........
Kansas City Southern ..................
Kansas, Oklahoma & Gulf ................
Louisiana & Arkansas ...................
Midland Valley .........................
Miesouri-Kansas-Texas ..................
Missouri-Pacific** ...........................
New Orleans, Texas & Mexico** ..........
Oklahoma City-Ada-Atoka ................
St. Louis, Brownsville and Mexico** ....
St. Louis-San Francisco ...............
St. Louis. San Francisco and Texas .....
St. Louis Southwestern .................
San Antonio, Uvalde & Gulf** ...........
Texas and New Orleans ..................
Texas and Northern .....................
Texas and Pacific ......................
Texas Mexican ..........................


79,250.2681 101,565.761


1.151.935
2,363.472
6.913,857
663,536
4,812,766
212,194
6,382,516
22.398,077
1,844,388
196,009
2,518.147
9,808,251
294,446
6,920,184
d 496.480
5,609,970
335,314
7,225,072
96,614


1,671,753
3.359,455
7,496,347
1,067,633
5,758,772
281,136
8.707,918
22,614,729
1,250.487
159.824
2,266,636
13,562,165
419,043
9.982,070
d 368.913
11,138,125
289,160
11,565,083
344.338


55.992.518

1,311,505
52,597
5,125,619
551,521
4,382,822
217.907
3.473.981
9.899.191
d 555.517
206,826
1,747,152
5,291,239
276,888
14,809,688
d 688,281
3,838,851
334,949
5,727,088
d .


70,311,497

1,822,396
996,605
5,839,705
950,383
5,333,068
234,484
5.836,749
9.962,953
d 1.116.090
143,587
1,540,436
9,599.068
422,066
9,578.385
d 575,686
9,333,574
288,510
9,886,689
234.615


I. a U ~


21,653.456
d 277,197
d 130,000

414,055
2.684,886
91,370
2,803
d 412.248
d 118,169
182,308
48,000
1.238,000
275.379
6,696,443

2,150,106

4,109,000
d 980


48.758.4801 19.783.115


818,956
d 386.000
-4,313,7M
958,702
3,557,500
217,684
4,176,000
1,358,000
d 25.045
120.006
a 36p,552
7.323,877
435,494
9.319,948

9.730,110
482,400
6,346,000
374,000


3,897,.594
416,649


3,335,025

192,000

7.471,432

1,853,240

275,000
2,342,175


19.958,751


3,515,395
688,464


4,002,030


80,000

7,477,447

1,853,240


2,342,175


/ Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry.
b/ Data not included in totals. Includes Southern Pacific Company, Texas and New Orleans R. R. Co., and leased lines.


U. S. GOVERNMENT PRINTING OFFICE : 1955 0 310320(7)


Page 2


143.198.467


2,108,850
677,087
144,954
10,028,370
3,836,727
656,707
6,487,959


2,751.314
548,042
221,841
8,653,650
3,816,178
791,365
7,686,486


i


-t-


I I


I I I I I


I -1 -- -- I


I I


25 287 612 102 650 217


11







Subject to revision


tINIVER-Iry OF FLORIDA

31 62 0I53ll 60l~ llhl INTERSTATE COMMERCE COMMISSION
3 1262 08851 3600 BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


Statement No. M-125
DECEMBER 1954


Income Items


1. Net railway operating income ......................
2. Other income .....................................
3. Total income .................................

4. Miscellaneous deductions from income .............
5. Income available for fixed charges...........
6. Fixed charges:
6-01. Rent for leased roads and equipment .......
6-02. Interest deductions / ........ .......
6-03. Amortization of discount on funded debt ...
6-04. Total fixed charges .................
7. Income after fixed charges ...................
8. Other Deductions .................................
9. Net income ...................................

10. Depreciation (Way and structures and Equlomont) ...
11. Federal income taxes .............................

12 Dividend appropriations:
12-01. On common stock ..........................
12-02. On preferred stock .....................

Ratio of income to fixed charges (Item 5-6-04) .


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

Compiled from 126 reports (Form IBS) representing 129 steam railways
(SWITCHING AND TERMINAL COMPANIES NOT INCLUDED)


UNITED STATES


EASTERN DISTRICT


POCAHONTAS REGION


For the month of December For the twelve months of For the month of December For the twelve months of For the month of December For the twelve months of


1954 1953 1954 1953 1954


$108 694 910
66 209 154
174 904 064

12 317 7 52
162 586 312

4 531 186
26 181 111
627 520
31 339 817
131 246 4 95
4 622 711
126623784
43826 2 12
15183 869

29 916 094
3 722 4 52

5.01


$77 833 468
73 153 6C 4
150 987 072

18 953360
132 033 712
7 036 183
26 866 513
620 318
34 523 014
97 510 698
17 521 304
79 989 394

43 490199
d28 532 083

58 454 911
5 360 831

3.59


*74 092 291
276 681305
L150 773 596
51587 231
L 099 186 36 5

60 830 191
324 668 554
3338478
388 837 223
710349142
36 752 128
673 597 014

526 583 217
226 305 914

306 605 214
72 626 278

2.81


1109 350752
309 363 67C
1 418 714 422

62 602 785
1356111637

75 506 816
325 835 981
3 439 259
404 782 056
951 329 581
49 298 127
902 031 4 54

504 868 093
533 099520

334 089 07C
77 699 3 84

3.27


$37 475 2 62
27 397 351
64 672 612
6 46797 S
58 404 634
3 539 390
10 565 101
121 4 81
14 225 972
44 178 6 2
2 611 4 52
41 .67 20S
16 261 416
d16 501 9 2C

14 455 01C
2 171 6 C C

4.11


1953


$21727 662
26 254 364
47 982 026
7 427 706
40 554 320
5 847 588
11 099 067
103 186
17 049 841
23 504 479
16 068 359
7 436 120
16 212 466
d20 874 219

14 808 3 90
3427270

2.38


$245 155 189
91112 567
336 267 756

14 729 613
321 538 143

48 960 520
137 197 899
1036 700
187 195 119
134 343 024
18 304 866
116 038 158

194 174 654
4 105 642

50 381 770
18936424

1.72


1953


I I I -r


63C7 097 971
96 086 309
463184280

17 713 978
445 470 302

63 595 104
140237221
1043 739
204 876 06 4
240 594 238
32 111 881
208482 357

190 704 840
98166 289

71 454 447
19 682 727

2.17


$12 803 3 54
2 195 620
14 998 9 74
280 909
14 718 065
7 13C
1 373 9 53
14 014
1 395 097
13322 968
13 322 968

3 218 752
d 1633 894

3 022
214 826

10.55


$7 537044
4 754 425S
12 291 469

2 508 849
9 782 620
8 155
1 406 398
15 213
1 429 766
8 352 854
d 92 422
8 445 27f
3 229 711
d 3 278 286

d 2C02


6.84


1954


$89 453 998
6 861715
96 315 713
3 815 544
92 500 169
90 176
16 676 036
167 298
16 933 510
75 566 659
d 2

38 544 03 5
31 378 086

48 460 850
3117 083

5.46


EASTERN DISTRICT
INCLUDING SOUTHERN REGION WESTERN DISTRICT
POCAHONTAS REGION
Income Items For the month of December For thetwelve months of For the month of December For the twelve months of For the month of December For the twelve months of

1954 1953 1954 1953 1954 1953 1954 1953 1954 1953 1954 1953


1. Net railway operating income ...................... $50 278 616 $29 264 706 $334 609187 45 284191 17626160 $14 622 815 161024 627 193 622 244 $40 590 134 $33 945 947 $378 458 477450 444 31
2. Other income ...................................... 29592971 31008789 97974282 106810781 4406798 2564187 24896626 26158506 32209385 39580628 153 810 3 9 7 176394 38
3. Total Income ......'.................................79871587 60273495 432583469 572094972 22232 958 17187002 185921253 219 70075C 72799519 73526575 532268874 62683870
4. Miscellaneous deductions from Income ............... 6748 888 9 936 555 18545157 24 567096 758 857 d 244 693 6063697 7542625 461000C7 9 261498 26978377 30493 06
5. Income available for fixed charges ........... 73122699 50336940 414 038 312 547 527876 21474 101 17 431 695 179 857 556 212238 125 67 989 512 64 265077 505 290 497 596 345 636
6. Fixed charges:
6-01. Rent for leasedroads andequipment....... 3546520 5855743 49050696 63681722 690266 1000455 10043244 9933826 94400 179985 1736251 189126E
6-02.Interest deduction I/ ................... 11939054 12 50546:5 153873935 157109805 4033044 4 122 895 49069407 48607270 10209 013 10238153 121725212 120118906
6-03. Amortization of discount on funded debt... 135495 118 9 79 1203998 1225104 203654 330227 540267 648282 188 371 171 692 1594213 1565 873
6-04 Total fixed charges ............... 15621 06S 18479 607 204128629 222 016 631 5 226 964 5 453 577 59652918 59189 37 10491 784 10589 830 125055676 123 576 047
7. Income after fixed charges .................57501630 31857333 209909683 325511245 16247137 11 978118 120204638 153048747 57497728 53 675247 360234821 47276958S
8. OtherDeductions ................................... 2 811 453 15 975 937 18 304864 32111 881 392 197 370939 3269 495 3026585 1 419 061 1 174 426 15 177769 14 159662
9. Net income ................................. 54690177 15 881 396 191604819 293399 364 15 654 940 11 607179 116935 143 150022 162 56078 667 52 500 819 36505 052 458 609 92
10. Depreciation (Way and structures and Equipment) ... 19480 168 19442 177 232718669 228140026 6217 737 6184 679 75076261 7106573C 18128 307 17 863 3 43 218 780 267 205 662 337
11. Federal income taxes .............................. d18 135 84 d24 152 505 35 483728 148 635 798 2 865 313 5 234 077 55 152925 107884 294 86 632 d 9 613 655 135 669 261 276 579 421
12. Dividend appropriations:
12-01. On commonstock ............................ 14458033 14808187 98842620 119471262 2364756 1999364 50288622 47447820 13093 305 41647 360 157473972 167169986
12-02. On preferred stock ....................... 2 386488 3 644 457 22053507 22871660 10 223 8469 524 4494532 1 235 964 1706 151 42 103247 50 533192

Ratio of income to fixed charges (Item 5+6-04) 4.68 2.72 2.03 2.47 4.11 3.20 3.02 3.59 5.94 5.32 3.99 4.57


UNITED STATES UNITED STATES
Selected Expenditure and Asset Items Balance at the nd oDecember Selected Liability Items Balance at the and of December ANALYSIS OF NET INCOM-LL CLAS I RAILWAYS
Balance st the end of December Balance at the end of December
1954 1953 1954 1953
Reports showing Reports showing
17. Expenditures (gross) for additions and betterments- 40. Funded debt maturing within 6 months -2/.....--- ....... N$179,261,730 $240,780,337 Period Net Income Net Deficit
Road $321,520,294 $401,903,815 FNu et Ime
18. Expenditures (gross) for additions and betterments- 41. Loans and bills payable ........ 3,946,084 2,393,817 Number Amount Number Amount
Equipment 498,725,843 857,892,998 42. Traffic and car-service balances-Cr........ 98,785,124 103,689,505 December ... 1954 96 $124,420,511 26 $7,796,727
19. Investments in stocks, bonds, etc., other than those 4 Audited accounts and wages payable 447,141,797 516,163,278 December ... 195; 96 97,744,519 26 17,755,125
of affiliated companies (Total, Account 707) 405,528,141 442,846,553 Miscellaneous accounts payable. 193,785,681 218,734,839 12 months .. 195 100 705.130,858 21 31,533,844
20. Other unadjusted debits 71,968,581 79,819,308 45. Interest matured unpaid 61,274,678 56,705,484 12 months .. 195 107 921,590,935 15 19,559,481
S46. Dividends matured unpaid ....... 29,225,73 34,465,822
21. Cash 869,501,914 836,749,138 47- Unmatured interest accrued .-74,052,504 71,840,992
22. Temporary cash investments 870,60,538 997,631,078 U. Unmatured dividends declared ...... 27,111,500 23,782,700
23. Special deposits 93,197,465 93,418,31 49. Accrued accounts payable 213,244,657 227,760,221
24. Loans and bills receivable....... 6 ,547 3,216 50. Taxes accrued.- .. ... ............ 548,803520 842,603,535
2. Traffic and car-service balances-Dr. 64,21,904 60889731 51. Other current liabilities. 92694,114 77,262,597
Net balance receivable from agents and conductors 136,776,095 155,226,684 5E.Otecsxc- lude 4 roads hose net income (or deficit) was absorbed
27. Miscellaneous accounts receivable 294,1 9,481 371350,631 52. Total current liabilities (items 41 to 51) 1,790,065,394 2,175,402,790 by the controlling company. The 12 months of 1954 excludes
28. Materials and supplies .......698,04,251 839,867,779 a additional road which reported no not come (or deficit)
29. Interest and dividends receivable .......... 15,563,992 17,673,299 53. Analysis of taxes accrued: for this period.
30. Accrued accounts receivable 225,794,339 209,095,036 53-01. U. S. Government taxes .. ................... 402,799,392 686,831,626
31. Other current assets 28,956,400 34,813,586 53-02. Other than U. S. Government taxes _--...-.. 146,004,128 155,771,909
32 Total current assets(items 21 to 31) 3149263,619,931,734 54. Other unadjusted credits ..................--........... 395,363,780 247,080,045
32- Total current assets (items 21 to 31) 3,297,314,926 3,619,931,734


d Decrease, deficit, or other reverse item.
Y/ Represents accruals, including the amount in default.


2/ Includes payments of principal of long-term debt (other than
long-term debt in default) which becomes due within six months
after close of month of report.
/ Includes obligations which mature not more than one year after
date of issue.


$98 186 220
10724 472
108 910692
6 853 118
102057574

66 618
16 872 584
181 365
17 140 567
84 917007
2-
84 917007
37435186
50 469 509

48 016 815
3 188 933

5.95


I







INTERSTATE COMMERCE COMMISSION
BUREAU OF TRANSPORT ECONOMICS AND STATISTICS


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

FOR i E TWELVE MOTBS NDED DECWUB 1954 AHD 1953


IICOME TAXES APPROPRIATIONS INCOME TAXES APPROPRIATIONS
1954 1953 1954 1953 195454 1953 1954 1953 19Region and railw 1953 1954 1953 1954 1953 1954 1953


United States Total ................. $874,092,291 $1,109.350.752 $673.597.0141 $902,031,454 $226.305,914 $533.099,520 $379,231,492 $411,988,454


763 097 971 116 038 158


802 482 357


4.105.642


98.166.2891


69.318.194


91.137.174


Eastern District Incl. Pocahontas
Region Total ..................... 334,609,187 465,284,191 191,604,819 293.399.364 35,483.728 148,635.798 120,896.127 142,342,922

Naw Ingland Ration Totale............. 14.875,623 18,776,775 9.213,690 9,991,230 d 6.001,340 3.474,843 4,583,166 5,853,799

Bangor and Aroostook ................... 2,268,814 2,243,102 705.248 1,043,974 d 135.162 347,839 191,400 191.400
Boston and Maine ....................... 3.243,965 5.381.773 d 552,908 1,883,478 d 2.801,951 1,146,080 721,276 1,775,659
Canadian National Lines in New England d 1.755.183 d 1.514.505 d 191 d 389 -
Canadian Pacific Lines in Maine ....... 101,505 67,164 -
Canadian Pacific Lines in Vermont ..... d 809,008 d 1245.149 -
Central Termont ....................... 237.597 983.567 d 587.757 d 58.391 -
Maine Central ......................... 1,824,615 2,491,497 682,115 1,175,908 61,021 1,114,846 230,310 229,937
New Tork Connecting .... ....... 640,954 632,589 d 541 d 17,904 -
New York. lev Raven and Hartford ...... 9,248,944 9,928,077 9.090.635 6,060,348 d 3.125.248 866.078 3,440,180 3.656,803
Rutland ............................... d 126,580d 191.340 d 122.911 d 95,794 -_ ____ --


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

Ann Arbor .............................
Cambria and Indiana ...................
Delaware and Huadon ...................
Delaware, Lackawanna and VWestern ......
Detroit and Mackinac ..................
Detroit and Toledo Shore Liae .........
Erie ..................................
Grand Trunk Western ...................
Lehigh and Hudson River ...............
Lehigh and Nev Nngland ................
Lehigh Valley .........................
Monongahela ...........................
Montour ...............................
lav TYork Central ......................
lev York, Chicago and St. Louis .......
lay Tork. Ontario and Vestern** .......
ev TYork, Susquehanna and Western .....
Pittsburgh and lake Srie ..............
Pitteburg & Shawmut ...................
Pittsburgh and Vest Virginia ..........
Vabash ................................


Central Mastern Region Total ........

Akron, Canton and Youngtown ..........
Baltimore and Ohio ....................
Baessemer and lake rie................
Central R. Co. of New Jersey .......
Chicago & Eastern Illinois ............
Chicago A Illinois Midland ............
Chicago, Indianapolis and Louisville ..
Detroit, Toledo and Ironton ...........
Elgin, Joliet and Eastern .............
Illinois Terminal .....................
Long Island ...........................
Missouri-Illinois .....................
Pennsylvania ..........................
Pennsylvania-Reeding Seashore Lines ...
Reading ...............................
Staten Island Rapid Transit .. .......
Western Maryland ......................


687.928 980,211
833.855 1,013,608
5,748,498 10,419,525
7,071,787 10,187,846
279,617 348.495
958,020 1,066.678
12,686,039 18,985.838
658.456 4,821,504
404.348 455,642
1,656,464 3.128,117
5.909.599 10.535.039
142.079 710,050
480,350 667.661
33,034,9621 63.180,171
18,665.246 21,771,899
d 1.628.320' d 761,943
456,849! 494.428
9,586,358! 14,690,187
558.892 711,295
1,306,674 1.451.643
, 12.136.7051 13.504.364


118.645,160 199593


452.995 868,574
29.487,876 43,797.993
4,487,246 7,377,688
3,747,079 4,890,483
3.657.254! 4,299,882
543.654 968,853
1,956,170, 1.985.338
4,135,889 3,207.350
2,078,236; 3,453,435
765.303 1,264.758
d 1.899.854' d 196.725
1,286,871: 965,330
48,061,181 74,796,413
d 3.074.554 d 4.683.4824
13,474.581 16,894,327
d 748.563 d 376.184
10.233.796 10.444.905


56.722.512


512,016
841,459
3.567,848
3.801.371
282,692
889,314
6.378,652
d 3.319,.348
417.938
829,253
2,638,921
d 341.986
453.316
9.187,509
14,460,872
d 3.086,184
45.986
8,517.681
148.254
602.758
9.894.190


50.101.956


114.264.320


797,870
990 .531
6.382.333
6,651,879
337.069
1.005.156
12,581.603
1.156,195
470,960
1,492,732
6,970,630
245,672
632,045
34,002,039
17,866.796
d 2.234.827
d 69.259
12,407,875
549.295
965,742
11.061.984


7.494.690


531.385
d 1.756.999
15,9629
577.795
d 3.915.167

131,680
d 1,611,100

277,897
1,730,217
11,200,000

27.500
397.075
d 252.5551
-


2.612.292


48.052.208!


401,810
576,015

2.587.785
210,649
1,056,028
6.378.916
9.548
344,154
d 297.706
443,665
225.896
428,314
3.604,037
18,331.500

11,938
5.827.798
4 22.382
559.280
7,374,.963


46.639.238


30.345.667


199.960
600,000

1.266,618
47,500
600,000
5,689,781

328.790
136,000
1.346.340

408,000

8,224,204


5.181,900

610.000
5,706.574


34.389.361


, ,


334,.376
7.938,657
4,215,995
69.583
2.537,582
442,826
1.201,075
3.722.956
1.977,472
197,400
d 3.542.934
1,319,496
18.552.235
d 4.009.524
9.189,566
d 1.270.268
7.225.463,


771,867'
15,406,032
6.879,527
1.118,1001
2,671.169
862,973
1,211,135
2,855,122
2,889.151
662,779
d 2.704.590
977,180
37,036.215
d 5.625.597
12.481,217
d 905.498
7.640.025


29.500
235.326
566,266
d 20.056
d 788.000
409,296
700,000
d 462.549
876,658
d 425.753

316,300
1.506,208

872.996
4 1.201.900


555,864
11,068,035
5,670,280
111,649
825.755
824,.585
873,000
2,016.939
318,992
217,107

960,.925
10.268,531
773,811
5.875,326
6.278 .439


142.635
4.917,478
2,619,976

1,075,861
4,600,000
429,642
2,023.997
764,000

126,545
9.875.816

5.595,661
2.217.7501


Southern Region CoAtinued


Clinchfield .............................
Columbus and Greenville ................
Florida East Coast.* ....................
Georgia R. R. Lessee Organisation .....
Georgia & Florida* ......................
Georgia Southern and Florida ............
Gulf, Mobile and Ohio ...................
Illinois Central ........................
Louisville and Nashville ................
Missiesippi Central .....................
Nashville, Chattanooga & St. Louis ......
New Orleans and Northeastern .............
Norfolk Southern ........................
Seaboard Air Line .......................
Southern ................................
Tennessee Central ......................
Vestern Ry. of Alabama ..................


42,761,330 Western District Total ................


$6,865.573
34.245
227,585
1,006,708
d 110.765
145.545
8.922,176
28,258,330
23.921,779
225.,709
4,650,266
1.671,727
483.457
22,905,009
34.557.054
233.434
573.794

378.458.477


$7.594,723
120,488
2,741,022
1,714,230
104,314
682,585
10,691.250
32,939,747
34,384,306
262,678
5.837.654
2.544,360
894,295
23,829,309
41,986.218
420.493
558.375
5o0.444.317


45.4.1 36.5.5 458 60 .92 13.6921 27.7.2 1, .7.1 .0.8
t I .t -- --I,.. +~.


$56,227
d 4.311.956

d 1.138,325
d 135.766
6,084.754
20,725.624
18,926,644
138,337
3.232,714
1,717,251
356,076
20,132.570
26,262,681
2.324
535.068
365.057.052


$134.215
d 1.757.070

d 871.625
417,697
7.904,798
25.330,.511
30,653.516
182,843
4,543,150
2.632,799
772,813
20.907.833
33.190,.325
108,499
527.331
4S8.609.928


$640.025
95.215



d 2.500
2.756.000
11,254,000
5.205.307
62,151
1.529.049
1.605,000
133,236
6,368.000
17.975.000

78,620


$1.858,587
141,593


415.000
6,578,000
25.923.000
21,837,925
103,744
2,951.341
2,640,000
552.468
9,290,000
26,204.637
d 72.581
373,942


$24,375



2,438,746
7,908.808
11,700,000
60.358
1.023.935

559,122
8,942.854
12,087.413

270,000
199.S77219


$24.375



4,523,195
7,229.619
11,700.000
60.358
1.023,936

655.522
7,084,111
5,618.252

300.000
217.703.180


199,960
420,000

844,412
28.500
540,000
6.302.274

328,790
1,700,000
448,744

408,000
6,447,394
14,459,884

750.000
5,181,900

610,000
4,091,472


42.522.045


162,508
4,917.478
5,419,976

1,178.730
600,000
429,642
1,226,665
2,000,000
100,000

253,090
19,751.631

5,595,225
887.100


Northwestern RoEion Total .............


77.471.460


Chicago and North Western ............... 652,601
Chicago Great Vestern .................. 4,073,475
Chicago, Milwaukee, St. Paul and Pacific 14,568,518
Chicago, Saint Paul, Minneapolis & Oaha I d 534,729
Duluth, Missabe and Iron Range ............ 5.061,398
Duluth. South Shore and Atlantic ........ 302,041
Daluth, Winnipeg and Pacific............ d 87,429
Great Northern ......................... 24,226.248
Green Bay & Western ..................... 218,488
Lake Superior & Ishpening ............... 632,856
Minneapolis & St. Louis ................. 1,788,062
Minneapolis. St. Paul & S. S. Marie ..... 2,514,423
Northern Pacific ....................... 15,459,345
Spokane International ................... 659,619
Spokane, Portland and Seattle ........... 5.801.755
Wisconsin Central ....................... 2,134,789


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

Atchison, Topeka and Santa Fe s/ ........
Chicago, Burlington & Quincy ............
Chicago, Rock Island and Pacific ........
Colorado and Southern ...................
Colorado & Wyoming ......................
Denver and Rio Grande Western ...........
Fort Worth and Denver ...................
Northwestern Pacifip ....................
Sacramento Northern** ...................
Southern Pacific Co., Incl. Leased Lines
Southern Pacific Transp. System / ......
Toledo, Peoria & Western ................
Union Pacific Incl. Leased Lines ........
Utah ....................................
Western Pacific .........................


So
Bea


Pocahontas Reion Total ............. 89,453,998, 98.186,220 75.566,661 84,917,007 31.378,086 50,469.509 51.577,933 51.205,748 lao

Atlantic and Danville ................. d 139.278 d 5.895 d 177.798 25,636 Lo
Chesapeake and Ohio ................... 52.352,427. 59,916.142 39.909.850 48,068,635 9,700,000 19,500,000 24,063,482 24,132,189 MiXd
Norfolk and Western ................... 26,076,4881 27,727,474 26,291,200 28.077.420 14,900,000 23.775.,000 20.577,870 20,570,370 Mil
Richmond, Fredericksburg and Potomac .. 2,790,604! 3,174,055 3,222.047 3,296,037 1,887,912 2.573,450 2,132,125 1,698.733 Mi,
Virginian ............................. 8.373.757| 7,374,444 6.321.362 5 449,279 4.890,174 4,621,059 4,804.456 4,804,456 Nei


Southern Reg on Total ...............

Alabama Great Southern ................
Atlanta & Saint Andrews Bar ...........
Atlanta and West Point ................
Atlantic Coast Line ...................
Central of Georgia ....................
Charleston & Western Carolina .........
Cincinnati, lav Orleans & Texas Pacifig


193.622.244 116.935.143


3.160,440
730,605
194.859
11,747,486
2,764,083
455,841
5,297,606


150.022.162


3,848,775
589,374
286.831
12,028.994
2,727,202
508,470
5,354,881


55.152.9251 107.884.294


710,000
704.517
366
800,000
d 261.061
d 35.000
5.535,000


1,295,000
884,257
99,981
d 500.000
522,402
175,000
6,610,000


58.758.146


1.793.656
659,714
73.908
4,948.332
2.556,255

3.710,670


51.942.352


1,793,656
2,999,840
147,816
4,948.332


3.833.340


UOk
St.
St.
St.
St.
San
Ta:
Tex
Tex
Tom


uthwatern Region Total .............

aUmont, Sour Lake Western** .........
ternational-Great Northern** ..........
nsas City Southern ....................
sase. Oklahoma & Gulf .................
ulslana & Arkansas ....................
lIand Valley ..........................
ssOuri-Ianesaa-Texas ...................
esourl-Pacific*e ......................
w Orleans, Texas & Mexico** ...........
Lahoma City-Aia-Atoka .................
* Louis, Browneville and Mexico** .....
Louis-San Francisco .................
, Louis, San Francisco and Texas .....
* Louis Southwestern ..................
n Antonio, Uvalde & Gulf*5 ............
xas and New Orleans ..................
xas and Northern .....................
1as and Pacific .......................
0e Mexican ..........................


98.339.286


8.956.455
4.054,557
14,663,688
d 601.482
14.538.638
441,878
d 487.397
27,530,656
468,143
952,328
2,124,090
1,433,196
14,867,078
655,100
5,900,261
2.842,097


210,322,437 239 104 983


63.989.776
27,748,529
20,753,674
1,254,813
447.397
14,069,796
2,870,313
958,921
190,817
42,134,783
48,173,498
734,026
29.561.550
d 58,588
5.666,630


75,108,998
29,879,662
28.259,234
2.123,762
557,253
13,095.582
2,881,465
668,813
1,100,157
47,106.187
59,320,478
861,645
28,859,926
76,263
8,526,036


90.664.5801 113.000.0W4


991.094
2,835,867
8,112,243
704,700
5,321.896
183.774
7,157.161
25,409,393
2,520.995
198,547
2.733.554
11,165,417
319.592
8,693,238
d 449.063
6,038,715
410,785
8.178.530
138.142


2,150,418
3.573,606
8,403,717
1,428.275
6,002,717
261,931
9,484,952
23,414,225
956.132
259,111
2,362,848
15,215,753
395.544
13,863,221
d 391.24L"
12,214,.291
491,116
12,531.029
382,410


5692.8 80182 1687.8 481.52 3904.0 4 26.98


d 4.592.295
3,057.509
9.904,459
d 2.900.166
4,.530,242
1,004
25,441.459
128,053
612,156
1.646.538
1,692,999
14,358.045
505.,330
2,495,191
61,761


4,248,0781
3,001,062
10,013,018
d 2.974.707
12,798,0891
136,835
d 2111
29,942,607
455.064
947.043
1,948,662
605,461
15,539,176
501,691
2,699,980
278T979T


" 78. (71 1


242.682.1751 302.346.6271


66.172,950
23.011.720
18,669,138
1,316,918
410,180
10.554.570
1.765,660
983,393
d 597.172
45.819.743
44,354,785
707.565
69.622,665
d 69,108
4,313,953


65.432,592

1,160.777
194,395
6,138,880
581,794
4.868,691
208,924
4,019,829
11,923.857
d 118.214
212,985
1,897,470
6.358,105
301.135
16,539,618
d 658.492
4,116.366
410,420
7,238.522
37,530


77,185,997
25,661,506
25,912,087
2,201,931
514,655
10,208,814
1.725.844
692,388
360,904
78.815.511
57,922.316
826.763
70o.30,213
76,568
7,733.446.


76,122.4741

2,286,0321
1,021,034A
6.602.282,
1,235.656;
5,554,495
235,798
6,342,927
10,771.491
d 1.627.346
234,622
1.546,322
10.876,769
397,188
9,216,104
d 616.273
10,249,605
490,456
11,030.409
274,.903


1,554.000
d 1.133.219

2,153,900

11,098,746
212,083
173.449
1,060,175
300,000
1.620,000
267.100
d 532
d 457,720


d 604.121
2,002,000
1,277.000

7,850,.806
d 71.462

20,477,784
585.430
833.356
1,322,504
d 44,789
8,350,000
331.700
1,164,055
337,263


3,015,880
1,179,751
7.716,468



12,724,524
125,000
374,.850
5.940,000
359.552
7.439.130
199,248


2,970,185
1,665,779
7,716,468

6.168,750
210,000

12,172,938
125.000
428,400
900,000
359.552
7,439,130
170,784


96,285,861 189,015.831 134,897,542 148,759,428


31.323,213
11,681.714
3,237,000
372,024
291.000
5.570,600
654.065
833,670
6,184
6,921.918
9.353.130
706,974
33.500,000

1.187,499


22.535.418

d 110.189
d 250.836
3.920.105
416.281
2,941,886
94,023
d 136.000
d 412,248
d 575.000
183.072
118,312
1.848.000
280.079
6,880,221

2,431,212

4,931,000
d 24.500


59,905,134
22.339,369
11,822,000
1.770,111
555,900
9,915,400
1,202,170
237,460
479.600
26,307.745
36.809,311
1,305,000
47,018,000

6,157.942


43.752.071

610,956
d 550.190
3,.963,400
565.349
3.254.500
174,873
4,070,000
258.000
105.907
8.732
d 399.552
8,111.596
356.594
5.649,780

10.501.566
328.500
6,316,000
426.000


40,187,480
12,812,903
10,278,250
989.785
481,919
4,.150,573


27,141,366
27,141,366
247,500
35.104,899

3.502,867


25.605.274



3.897,594
416.649


3.335,025

192,000

7,471,432

1,853.240

3.878.784
275.000
4,.285.550


40,187,480
12,812,903
9.608,347
989.785
440,000
23.510,773


27,141,366
27.141,366
261,500
30,659,169

3,148,105


28,616,766



3.515,395
688.,464


4,002,030


80,000

7,477,447

1,853.240

6.464,640
250,000
4,285.550


.1 _____________ 1 _____ J ______ I ______ I _____ I. _____ 1 ______ .1 ___________________ 1 ______ L _____ I. ______ I _____ I _____ I _____ I _____ I ______


f/ Includes Atchison, Topeka & Santa Fe BRy., Olf, Colorado & Santa Ta Ry., Panhandle & Santa Fe By.
Db fata not included in totals. Includes Southern Pacific Company, Texas and lew Orleans B. R. Co., and leased lines.

U. S. GOVERNMENT PRINTING OFFICE: 1955 0 1103O (8)


psy
*pa District Totpl .. 9


Page 2


111.634.406


178.362.258


161,024,6271


2.264,734
740,909
152,711
10.963.575
4,619,910
835,547
6.875,615


3.004.779
570.373
256.165
10.296.422
4,.264,982
915,216
7.008,260


* Report of receiver or receivers.
e Report of trustee or trustees.
Deficit or other reverse items.


-- ----------------- 1 --,- 1 1 -----------


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I


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,


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84.226.8071


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


I I


I I


71


11


.11


I I


11


531 669 261 276 579 8


40.326.986


56.942.285


80.140.827


39.074.403


16.847.982


43.811.526