|
 |
| UFDC Home | Search all Groups | World Studies | Federal Depository Libraries of Florida & the Caribbean | | Help |
|
|
|
| UFDC Home | Search all Groups | World Studies | Federal Depository Libraries of Florida & the Caribbean | | Help |
 Material Information
Subjects
Notes
Record Information
Related Items
|
| Full Text |
|
tC \ e.534: -. 31 Subject to revision UNIVERSITY OF FLORIDA Ill lllllillllllll IIIII ,INTERSTATE COMMERCE COMMISSION 3BUEAU S0ATI851064CS BUREAU O STATISTICS Statement No. M-12 JANUARY, 1937 SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 137 reports (Form nB) repreting 14~3 steam railways TOTALS FOR THE UNITED STATES (ALL REGIONS) NET INCOME MILLIONS OF DOLLARS TIT I II IT rl II TT II ii fl i1 Il 60--- 40 A__A to zo L --i -- - LL i_ i t i t i t I I I 1 i iL L l I 1 1935 1936 1937 Selected Asset Items 13- Investments in stocks, bonds, etc., other than those of affiliated companies (Total, Account 707) ..... 1. Cash ...............,......... ................. Demand loan and deposits ......................... 16. Time drafts and deposits ........................ 17. Special deposits ................................ 18. Loans and bills receivable ........................ 19. Traffic and oar-service balances receivable ........ 20. Net balance receivable from agents and conductors .. 21. Miscellaneous accounts receivable ................. 22. Materials and supplies ............................ 2. Interest and dividends receivable .................. 2. Rents receivable ............................... 25. Other current assets .............................. 26. Total current assets (items 14 to 25) ......... For the month of January 1937 1936 4 - 1201,807 2. 47,733 . 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 ..................... 6-02. Interest deductions ...................... 6-03. Other deductions ......................... 6-4. Total fixed charges .................. Income after fixed charges .................... Contingent charges ............................ Net income / ........................... .. For the months of 1936 10. Depreciation (Way and structures and Equipment) ... 11. Federal income taxes .............................. 12. Dividend appropriations: 12-01. On common stock ......................... 12-02. On preferred stock ..................... Selected Liability Items Balance at end of January 1937 1936 27. Funded debt maturing within 6 months* ............. 168,874,210 P,86,714,366 28. Loans and bills payable# ...................... 21,204,14 510,5 . 29. Traffic and oar-service balances payable .......... 81,17170835 4 30. Audited accounts and wages payable .......... 24296,92 901 5 31. Miscellaneous accounts payable ................... 16,07 98 32. Interest matured unpaid .......................... 3 Dividends matured unpaid ..........................5 9, 913 '. Funded debt matured unpaid ........................ 2 397,; 35. Unmatured dividends declared ............ ......... 36. U atured interest accrued ..... ........ ... 103, 1 09 . Unmatured rents accrued .................... ....... 28 . Other current liabilities......................... 19,79,3 39. Total current liabilities (items 28 to 38) ... 1,840,437,410 1,649,285,030 40. Tax liability (Account 771): 40-01. U. S. Government taxes ................. 40-02. Other than U. S. Government taxes ........ 113,055,990 233,873,7141 I I 128,76,5N7 ANALYSIS OF NET INCOME / Month of January 1937 Month of January 1936 For the months of 1937 For the months of 1936 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net Inct at nt diiteficit Number Number Number Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports report reports reports reports 60 $12,666,268 74 17,4,41 54 $11,895,046 o80 19,676,040 No ouauations No oe tion SJanuar 197 aet inose inaeluae eaarges in the total amount of 7,472,7 itetmied as follow 1$3,150,244 for taxes under the requirements of the Sooial Security At of 1935, and 4,322,633 under the requirements of an At approved August 9,, 9 leaving an exie tax upon earr ers sad an Iooe tax upon their employees, and for other purposes. (Publio No. W0, 74th Oongress). The reported net ineooe for January 196 includes ehrgoe of P1,402,021 for taxes uader the requirements of the Sootal Seourity Aot of 1935. eludes payments which will become due on aooouat of principal of long-ter debt (other than that in Aooount 764, Funed debt matured unpaid) within six months after lose of anth of report. e Includes obligations whioh mature not more than 2 years after date of tissue. Sxeludes reports of 3 reads whose net income (or deficit) was absorbed by the controlling company. SDeftlet or other reverse item. 1.'.--7 -.i-----. r - I .1 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTCS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net income after depreciation Net income before depreciation Name of railway For the month of January For the month of January 1937 1936 1937 1936 Alton R. F. .................... ................ $8,29 d 20.87 $3 d60 Atchiaon, Topeka & Santa Fe Ry. System a/ ......... 23,156 d ~ ll6 1,22 Atlantic Coast Line R. R. ........................ 1, l 285 662, 1,64.,65 ,927 Baltimore & Ohio R. R. *.... .............. d 090 27 266,02 2,697 Boston & Maine R. R. .... .....................*.. 71,229 L 203,887 d 282.297 Central of Georgia Ry.*.......................... d 22 272.6 18.668 207.0 Central R. R. of New Jersey ......................... d A 1.52d 3 Chesapeake & Ohio Ry. .........................., 22 620 3,7 Chicago & Eastern Illinois Ry.*.................... d 22.6 d0 2,508 .82 Chicago & North Western Ry. ..... ............... 16 1.2.d 1 21.5,879 d 799 Chicago, Burlington & Quincy R. R. ................ d 1 220,621 226,556 605 Chicago Great Western R. R.**........................ 6 d 18.58 108.979 d 12 2 Chicago, Milwaukee, St. Paul & Pacific R. R.**.... 1 .55d1.05d 885.77 d 605 Chicago, Rook Island & Pacific Ry.t*.............. 3U1 5 d 157 d 1097 Chicago, St. Paul, Minneapolis & Omaha Ry. ......... d 96. d 26609 d .7057 d 21,122 Delaware & Hudson R. R .......... .. .......... d 2 192. 82 36,756 d 97.923 Delaware, Lackawanna & Western R. R ............ ...7 12662 2 6 Denver & Rio Grande Western R. R. ................. d 286.7 d 171.50 Elgin, Joliet & Eastern Ry. ...................... 117#5 lo7 1921 il,374 Erie R. R. (including Chicago & Erie R. R.) ....... 3,4 d 26.2 519,1 61,023 Grand Trunk Western R. R. ......................... d1 111,062 d 158. 198,24 Great Northern Ry. ....**** *..... ..... ............* d 1.10 Illinois Central R. R. ............................. 95I5 dl 368,6 Lehigh Valley R. R. ............................... d d57,586 Long Island R. R. ........,....................... d 172,276 Louisville & Nashville R. R. ...................... 166,88 89,340 534,869 87,621 Minneapolis, St. Paul & Sault Ste. Marie Ry. ...... d d 612 8 d 62.8 . Missouri-Kansas-Texas Lines **................... .... 172 Missouri Pacific R. R.t.......................... d 6051 d New York Central R. R. b/ ......................... 77vU,7 d J I 002 New York, Chicago & St. Louis R. R. ............... 204,178 137,428 338,876 270,601 New York, New Haven & Hartford R. R.* ............ 2060 590701 7 2 d 7053766 Norfolk & Western Ry. .......... .............. 1215, : 4 2. 222 2 Northern Pacific Ry. ..*..*......... .d...9....... d N 5..2 a a 886 7 Pennsylvania R. R. ................ ..........*.......... ~97,4 3,5 ,2, 3,3299,8 Pere Marquette Ry. .3..L..... .................... d 178,52 63,098 90,779 Pittsburgh & Lake Erie Re. R. ...................... 919s 173 4 ,578 323, Reading Co. ........ ............................... 1455,97 59,8 ,996 707,1 St. Louis-San Francisco Ry.t .................. ... d100 d 29.502 d L.97 d 601 St. Louis Southwestern Lines*........... ......... d 12 d 4,0 70;99 ,62 Seaboard Air Line Ry.*................. ........... *18688 d 69 1 d c2.02. d 57.71 6 Southern Ry. ................. ................ 6 55 t76 355 6 279., Southern Pacific Transportation System a/ ......... 690,330 1d 1.175.5 d 51786 Texas & Pacific Ry. ................ ......... 92,542 3 1 7 19,0i Union Pacific R. R. ........................... 175,721 24,573 727,337 77 9 Wabash Ry.*.......................................... d 91.809 d 26590 85,0 2 d 60 Yazoo & Mississippi Valley R. R. .................. d U2i0 195 5,86 21 585 Report of receiver or receivers* ** Report of trustee or trustees. a/ Includes Atehison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry,, and Panhandle & Santa Fe Ry. / Includes Boston & Albany, lessor to New York Central R. R. / Includes Southern Pacific Company and Texas & New Orleans R. R. The operation of all separately operated solely controlled affiliated companies, resulted in a net deficit of 2Lt5,266 for January 1937 and 333, 330 for January 1936. These figures are not reflected in this statement. d Deficit. 1090990 U.L 60VERNMENT PRINTING OFFICE: 1937 C .34:32. Subject to region UNIVERSITY OF FLORIDA S11l 1 I III1 1111 llllll llllllll llllllll ll i llllll 3 1262 088510994 INTERSTATE COMM ARCE COMMISSION BUREAU OF STATISTICS Statement No. M-125 FEBRUARY, 1937 SELECTED INCOME AND BALANCE-SHEET ITEMS OF SS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 137 reports (Form M) representing 143 steam railways TOTALS FOR THE UNITED STATES (ALL REGIONS) . I 11 T NET INCOME MILLIONS O DOLLARS A^A 1935 1936 1937 For the month of February 1937 538,358,633 10,416,6i3 48,775,2u4 1,787,023 46,988,223 10,720,204 40,671'15 238,817 51,650,171 d 4.61.951 1,084,8a2 d 5.,726.783 16,123,993 2,650,230 15,218,445 2,579,704 1936 :, 562,339 o,063,893 43,625,232 1,571,152 42,055,080 10,907,075 41,478,939 221,100 52,607,114 d 1.52.034 d 11.581.866 16,044,496 1,799,767 12,9S,035 2,7u:,025 Income Items 1 1. 2. 3. 4. 9. 10. 11. 112. Net railway operatingg inhd~ ...................... Other income ........ .................... Total income ................................. Miscellaneous deductions from income ............. Income available for fixed charges ............. Fixed charges: 6-01. Rent for leased roads ................... 6-02. Interest deductions ...................... 6-03. Other deductions ........................ .6-04. Total fixed charges .................. Income after fixed charges ..................... Contingent charges .............................. Net income ............................... Depreciation (Way and structures and Equipment) ... Federal income taxes ............................ Dividend appropriations: 12-01. On common stock ........................ 12-02. On preferred stock ....................... For the two months of 1937 *76,795,314 21,884,396 98,679,710 3,598,108 95,081,602 21,444,038 81,412,494 10 3,2, 863 d 8.240.261 d 10.324.925 17,270,988 3,265,111 1956 $69,290,874 22,079,700 91,370,574 3,o88,267 88,282,307 21,945,709 83, 3;, : 1,02 105,6i,498 d 19.62T855 32,164,120 3,455,459 S16,609,326 3,607,592 Balance at end of February Balance at end of February Selected Asset Items 196 Selected Liability Items Ba t 19o7 1936 1937 1936 15.'InVsitf8ts in s6kis, "bdd etc., other than those $6840,679,100 ~ 689,421,560 27. Funded debt maturing within 6 months* ............ 201,73Z,813 $229,635,456 of affiliated companies (Total, Account 707) ..... of affiliated ies (Tta, Account 707) 28. Loans and bills payable# .......................... 211,500,739 310,249,650 1 c4. ash ............................................. 516,,14,968e 461,410,583 129. Traffic and car-service balances payable .......... 85,676,4 75,977,5 Demand loans and deposits ......................... 93,189,75 0. Audited accounts and wages payable ................ 260,83 7 221,2,9 Time drafts and deposits ....................... ,92 28,331, 1. Miscellaneous accounts payable .................... 119,34 ,1 72,78,816 17 Special deposits ........................ 161,529,5 72,709,6 3.2. Interest matured unpaid ........................... 552,707, 43,784,401 18. Loans and bills receivable......................... 2, Dividendsmaturedunpaid......................1,959 98 19. Traffic and car-service balances receivable ........ 63,81,89 6 ,6b ,. Fundded debt matured unpaid.................. .. 481,067,86 395,989,903 20. Net balance receivable from agents and conductors .. ,172,019 46,922,108 5. Unmatured dividends declared ..................... 15,227,295 17,296,03 21. Miscellaneous accounts receivable .................. 1.,178,710 137,634,770 36. Unmatured interest accrued ................... 106,972,776 108,054,289 22. Materials and supplies .. ...................... 340.205,563 287,897,984 157 matured rents accrued .......................... 31, 064 2,50,2 25. Interest and dividends-receivable ................ 24,510,122 27,634,83 5. Other current liabilities ................ ... 26,9,654 21,507,5 5 Rents receivable ................................ 1,761,048 2,55,100 25. Other current assets ............................... 6,318,512 5,691,850 39. Total current liabilities (items 28 to 58) ... 1,893,288,093 1,706,989,173 26. Total current assets (items 14 to 25) ......... 1,371,260,034 1,138,958,648 140. Tax liability (Account 771): S40-01. U. S. Government taxes .........117,445,745 41,964,541 40-02. Other than U. S. Government taxes ........ 131,386,813 128,540,081 ANALYSIS OP NBT INCOME a/ Month of February 1937 Month of February 199 For the two months of 1937 For the two months of 1936 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a not deficit a net income a net deficit a net income a net deficit Number Number Number Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports pot reports report rep reporeports 59 $13,695,608 75 $19,422,391 54 $12,278,168 80 $23,860,034 60 $25,468,222 74 $35,793,147 51 $23,538,908 83 342,901,763 0 The net income as reported includes charges of $3,048,791 for February 1937 and $6,198,2-0 for the two months of 1937, and $1,432,809 for February 1936 and $2,841,897 for the two months of 1936 on account of accruals for excise taxes levied under the Social Security Act of 1935; also $4,403,728 for February 1937 and $8,717,365 for the two months of 1937, and $151,06 for February 1936 and $151,858 for the two months of 1936 under the requi-ements of an Act approved August 29,1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 400, 74th Congress). Includes payments which will become due on account of principal of long-term debt (otherthan that in Account 764, Funded debt matured unpaid) within six months after close of month of report. # Includes obligations which mature not more than 2 years after date of issue. Excludes reports of 3 roads whose net income (or deficit) was absorbed by the control company. Deficit or other reverse items. _____________~1 _________________________ 1- .r* _ ~ --I- r _I: INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net income after depreciation Net income before depreciation Name of railway For the two months of For the two months of 1937 1936 1937 1936 Alton R. R. ................................. 16,752 24.961 75,3 d 187.2 Atchison, Topeka & Santa Fe Ry. System a/ ......... 68054 d 1.373.776 2,339,284 515,958 Atlantic Coast Line R. R. ........................ 1,929,658 73 202 2,271,668 1,103,170 Baltimore & Ohio R. R ........................... d 803.214 d 50 29 400,989 728,723 Boston & Maine R. R. ............................... 4,770 778.115 350,659 d 504,062 Central of Georgia R ...........................d. 3 2 d 571.42 24.d 4413.410 Central R. R. of New Jersey ....................... 7.37 d 21 43323,481 Chesapeake & Ohio Ry. ...... 0 ... ......T. .357 6901 726 5411,984 8,307,121 Chicago & Eastern Illinois Ry .*....5.............. d 7.31 86.731 210325 d .7 Chicago & North Western Ry? ........................ 0 ta- -49 d 34209 d 2,71147 3 2 4:767 Chicago, Burlington & Quincy R. R. ............ 204,451 421, 86 1,006,01 118 00 Chicago Great Western R. R ................. ...... d 71 29 729 Chicago, Milwaukee, St. Paul & Pacific R. R....... 2.918.900 3.3627 A22 2.69 Chicago, Rock Island & Pacific Ry.*t............... d 2,5 526 d 329 3 21 2-97 Chicago, St. Paul, Minneapolis & Omaha Ry. ........ 8 37 686008 7460 5 d 6.09 Delaware & Hudson R. R ................... .4 70,9 Delaware, Lackawanna & Western R. R. .............. d 3 d 18880 85841 2 7,087 Denver & Rio Grande Western R. R**"................ 4 d 61.71 d .0 Elgin, Joliet & Eastern Ry. ...................197180 1 820 3310 Erie B. R. (-R(ncluding Chicago & Erie R. R..) ...... 6 1 140023 567,550511,122 Grand Trunk Western R. R. .......................... -768 115,1 207 289,221 Great Northern Ry. ......... .................. 2.22.21 771 Illinois Central R. R. ............................. 1 412 69 Lehigh Valley R. R ................................. 193 2133,407 Long Island R. R* ...................... ............ 77:1_ d 374 71.5Ad 1d 3.222 Louisville & Nashville R. R. ...................... 188,126 1,101,353 890,150 1,797,946 Minneapolis, St. Paul & Sault Ste. Marie Ry. ...... 1.411.194 d 1.9.9 a 1. 1. Missouri-Kansas-Texas Lines ......... ........... Missouri Pacific R. R" .............. ........... 1. 1832.81 d 18 l New York Central R. R. b/ .......................... 1,8 1092116 ,1,, 898 New York, Chicago & St. Louis R. R............... 511356 254,233 70,110 512,804 New York, New Haven & Hartford R. R.*.............. 47.91.22,926 d 49.894 Norfolk & Western Ry ............. ................. 4,533,18 ,772038 530008 5,518,322 Northern Pacific Ry ..... ... ................. 179395 d 2. 3 ,253 299 1.970 285 Pennsylvania R. R. ................................ 1182,51371 5858957 Pere Marquette Ry. ............................. 30,646 199,659 456B737 624,153 Pittsburgh & Lake Erie R. R. .................... 596,086 475 12 88172 775,713 Reading Co ....................29,71,026 8 1449,79 1,561,138 St. Louis-San Francisco Ry"t......................9 d 1.446'7 96291 90791,0 St. Louis Southwestern Lines"......... ............ d 257.771 d 6 0 1d 59.37 Seaboard Air Line Ry.* ...................... ... d 4 1052 1 1 25 1047,92 Southern Ry. ...................................... 604,060 d 383.8 1 131573 157, 593 Southern Pacific Transportation System C/ ......... 379,136 1 .,67686 d 635,893 Texas & Pacific Ry. ................................ 248,206 99,922 130 29399 Union Pacific R. R. .............................. 29,141 d 5691 1,133,173 999,264 Wabash Ry.*....**M........... B.*...................d* 4d 219.18 413.619 144,454 d 6 Yazoo & Mississippi Valley R. R. .................. d 1 27.952 d 20*17 d 47,779d 177.16 * Report of receiver or receivers. ** Report of trustee or trustees. Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhi Includes Boston & Albany, lessor to New York Central R. R. :/ Includes Southern Pacific Company and Texas & New Orleans R. R. The operation of solely controlled affiliated companies, resulted in a net deficit of $574,177 $709,085 for two months of 1936. These figures are not reflected in this d Deficit. 109309-0 U.S.GOVERNMENT PRINTING OFFICE:1937 handle & Santa Fe Ry. all separately operated for two months of 1937 and statement. Ix2l Ite. 34-;cs37 Subject to reviWon UNIVERSITY OF FLORIDA 3 1262 08851 0655 INTERSTATE COMIERCE COMMISSION BUREAU OF STATISTICS Statement No. M-I12 MARCH, 1937 SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 136 reports (Form IBS) representing 142 steam railways TOTALS FOR THE UNITED STATES (ALL REGIONS) 1Tx Investments n stg1ksA pond tc. other than those 6 tiftliated companies (Total, Account 707) ..... 14. Cash ............................................... 15. Demand loans and deposits ......................... 1 Time drafts and deposits ........................... 17. Special deposits .................................. 1 Loans and bills receivable ........................ 19. Traffic and car-service balances receivable ........ 20. Net balance receivable from agents and conductors .. 21. Miscellaneous accounts receivable .................. 22. Materials and supplies ............................. 23. Interest and dividends receivable .................. . Rents receivable .................................. 25. Other current assets ............................... 26. Total current assets (items 14 to 25) ......... For the month of March 1937 $69,379 328 10,054,911 79,434,239 1,852,426 77,581,813 11,301,138 40,575,865 236,80o 52,113,806 25,468,007 ,007,331 24,460,676 16,286,886 4,027,357 1,452,393 744,237 19356 Income Items .4 I 1 $35,152,477 12,033,251 47,185,728 1,479,491 45,706,237 11,151,320 41,46,916 220,816 52,919,052 d 7,212.815 999,831s d 8,212.6.46 16,220,723 1,522,338 2,482,588 419,325 1. Net railway operating income ...................... 2. Other income ...................................... 3. Total income ...................... ........ 4. Miscellaneous deductions from income ............. 5 Income available for fixed charges .............. SFixed charges: 6-01. Rent for leased roads ..................... 6-02. Interest deductions ...................... 6-03 Other deductions ......................... 6-4. Total fixed charges .................. 7. Income after fixed charges ...................... SContingent charges ................................ 9. Net income $ ......... .............. 10. Depreciation (Way and structures and Equipment) ... 11. Federal income taxes .............................. Dividend appropriations: 12-01. On common stock .......................... 12-02. On preferred stock ....................... 12. For the three months of 1937 $146,174,643 31,939,307 178,113,950 5,50,533 172,663,417 32,745,175 121,973,345 702,150 155,420,670 17,242,747 3,106,995 14,135,752 48,595,745 9,254,399 18,723,381 4,009,648 _______ L 1. Balance at end of March 1937 $687,622,994 501,29,998 8,651,713 42,9 4,265 205,233,037 11,861,654 73,286,273 56,007,922 16,845,349 361, 450,338 22,963,121 1,788,517 6,580o,478 1,438,907,695 1936 i $695,722,091 445,817,442 4,691,223 30,281,892 140,93,11 2,596,30 61: 07,374 45,622,851 140,171 947 294,281,811 24,288,836 2,218,461 5,780,722 1,197,732,090 Selected Liability Items 193 $104,443,349 34,112,951 138,556,300 4,567,756 133,988,544 33,097,o03 124,781,224 656,296 158,544,550 d 24.546.006 3,029,495 d 27.' 575,501 48,384,843 4,977,797 Balance at end of March 1937 27. Funded debt maturing within 6 months* ............. $202.315,189 28. 29. 30. 31. 32. :9. 3j: 35. Loans and bills payable# ....................... Traffic and car-service balances payable .......... Audited accounts and wages payable ............... Miscellaneous accounts payable .................... Interest matured unpaid ........................... Dividends matured unpaid .......................... Funded debt matured unpaid ....................... Unmatured dividends declared ...................... Unmatured interest accrued ........................ Unmatured rents accrued .......................... Other current liabilities ...................... 1936 S$328,027,782 211,168,510 30,318,110 89,753,881 7,211,194 257,755,322 221,647,107 124,079,382 7941,20 580,032,331 456,902;a 12,24,530 13,441,119 487, 88, 8413,922,675 1, 18, 35 1,542,o32 101,979,823 105,585,884 30,231,118 31,166,998 26,714,862 26,647,292 Total current liabilities (items 28 to 58) ... 1,923,896,982 Tax liability (Account 771): 40-01. U. S. Government taxes .......... .0-02. Other than U. S. Government taxes .. & 120,516,149 131,824,428 1,733,699,003 44,871,787 134,218,138 ANALYSIS OF NET INCOME a/ Month of March 1937 Month of March 193 6 For the three months of 1937 For the three months of 1936 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net inoome a net deficit a net income a net deficit Number Number Number ber Number umbr Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports reports reports reports reports 89 $33,911,477 44 $9,450,801 60 $11,874,544 73 $20,087,190 71 $55,681,529 62 $41,545,777 53 $34,602,616 80 $62,178,117 The net income as reported includes charges of $3,291,834 for March 1937 and $9,490,055 for the three months of 1937, 1,451,574 for March 1936 and $4, 2,923 for the three months of 1936 on account of accruals for excise taxes levied under the Social Security Act of 1935; also (4,816,181 for March 1937 and 13,53,546 for the three months of 1937, $3,864,104 for March 1936 and $4,014,832 for the three months of 1936 under the requirements of an Act approved August 29, 1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 400, 74th Congress). Includes payments which will become due on account of principal of long-term debt (other than that in Account 764, Funded debt matured unpaid) within six months after close of month of report. # Includes obligations which mature not more than 2 years after date of issue. Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. SDeficit or other reverse items. Popp- ---- I ---7r- 1 I - - - INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net income after depreciation Net income before depreciation Name of railway For the three months of For the three months of 1937 1936 1937 1936 Alton R. .. ....................... .........26,285 d 19.694 n14,165 (1338.037 Atchison, Topeka & Santa Fe Ry. System a/ ......... 1,047,07 7.434 '5 ,7 1. 0,13 Atlantic Coast Line R. R. ......................... 2717,604 1 2 ,32, 0 1,930112 Baltimore & Ohio R. R. ............................ 29,419 2.6 1, 77 7 Boston & Maine R. R. ..... ......................... 495,703 l9 9 8 2 Central of Georgia Ry.*, ........................... d 327384 d 8.41 d 131.391 d 49 68 Central R. R. of New Jersey ....................... 7 Chesapeake & Ohio Ry. ................... ........ : 10,41 i 13 4 Chicago & Eastern Illinois Ryp* .................... 102,27d 2 250,624 d 9 Chicago & North Western RyP ............ o ........... d 4.650.93 d 3.410.247 Chicago, Burlington & Quincy R. R. ................. 1,182,611 932,350 2,30,3 2,082,248 Chicago Great Western R. R'.k...................... d 380.824 d d 6 Chicago, Milwaukee, St. Paul & Pacific R. R.d...... d d 272 Chicago, Rock Island & Pacific Ry?................. Chicago, St. Paul, Minneapolis & Omaha Ry. ........ Delaware & Hudson R. R. ........................... d 70.n6 d 610 196,067 d 222 68 Delaware, Lackawanna & Western R. R ..............536,574 16 Denver & Rio Grande Western R. R.** ................. d 1. 10 Elgin, Joliet & Eastern Ry ....................... Erie R. R. (including Chicago & Erie RR.R.) ...... ,762 d 172167 1,587,702,01 Grand Trunk Western R. R. ......................... 2,54 12,950 258,547 494 6 Great Northern Ry. ............................. d 3.702.275 d 4.128 2.79 86 1 41 Illinois Central R. R. ............................. Lehigh Valley R. R. ................................. dI 'T Od** 202d Long Island R. R. .......*.... ...*...*..*.......7 d 724,155 o9 Louisville & Nashville R. R. ...................... 1,651,165 1,505,442 2,702,308 2,551,776 Minneapolis, St. Paul & Sault Ste. Marie Ry. ...... d 1 281 d 11 d 1639 6 d 1 6061 Missouri-Kansas-Texas Lines ................. .... Missouri Pacific R. R.*H............................. New York Central R. R. b/ ..............,......... 5.,295;09 4 3,4 New York, Chicago & St. Louis R. R. ............... 96595 475,122 1,370,537 862,415 New York, New Haven & Hartford R. R.**...........12 2 19,57 8, A 167 Norfolk & Western Ry. ............. .. .........1 9, ,282 Northern Pacific Ry. *.......................... 1 86 d 026 1054876 d 2 Pennsylvania R. R. ............ ................ Pere Marquette Ry ......*.....*................... 585,525 481, 452 1,2214,688 1,116,9 Pittsburgh & Lake Erie R. R. ..................... 1,001,676 656,1 1,42,907 1,107,1 Reading Co. ................................... 2,049 1,28,660 2,826,570 2,039,.1 St. Louis-San Francisco Ry."................. ...... d 2 16 d 2.21 74 d 1 260 d 1.4;.7 St. Louis Southwestern Lines *................... d 22054 12559 Seaboard Air Line Ry* .*........................... 6 d 1157,966 d 1.118. 747 Southern Ry. ......* .......**** .................... ,509 2, 294,M084 Southern Pacific Transportation System C/ ........ 79 1 27528 10 Texas & Pacific Ry. .5..*..*.......... "* 0 *......... 4489 2239 b529S5 Union Pacific R. R. .............................. 1,03,4 1 ,2 2100 2, :878 2,80578 Wabash Ry.* ********.......................................... d 115138 d 5 415,554 d 1 Yasoo & Mississippi Valley R. R. ..................... 7,11 2 199,092 Report of receiver or receivers. 030- 0 LL t&OVEIIMNT "NT I* OrFICE: 1.7 ** Report of trustee or trustees. / Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. / Includes Boston & Albany, lessor to New York Central R. R. / Includes Southern Pacific Company and Texas & New Orleans R. R. The operation of all separately operated solely controlled affiliated companies, resulted in a net deficit of 0749,425 for three months of 1937 and SD 1,024,726 for three months of 1936. These figures are not reflected in this statement. d DeAlcit. B C \5te .tt: 31 n Subject to nvtiWon UNIVERSITY OF FLORIDA II 1I 111111 I III llll 11 I ll I illl II II i i H I L 3 1262 08851 1000 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS Statement No. M-125 APRIL, 1937 SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 136 reports.(Form IBS) representing 142 steam railways TOTALS FOR THE UNITED STATES (ALL REGIONS) MIIO lhn NET INCOME OF DOLLARS 60 40 /0 .--- -- -- ---- 1 I I Ii L I L tI I i I 1 I 1 1 1 1 1935 1936 1937 'For the month of April 1937 $47,807, 51 9,945,977 57,753, 28 1,7J5,551 56,0 7,73 11,113,322 40,950,286 236,530 52,300,138 3,717,o35 1,050,500 2,666,735 16,322,146 3,182,234 510,664 906,164 1936 Income Items I I I $4l,493,455 11.896,197 53,359,650 1,731,002 51,658,648. 11,31, 76 41,278,879 218,379 52,808,134 d 1.1449.6 1,0 i,00 d 2.19 .586 16,130,231 1,618,094; 1,950,438 882,585 1. 2. 3. Net railway operating income ..................... Other income ....................................... Total income .............................. 4. Miscellaneous deductions from income .............. :. Income available for fixed charges .............. Fixed charges: 6-01. Rent for leased roads ..................... 6-02. Interest deductions ....................... 6-03. Other deductions .......................... 6-04. Total fixed charges ................. Income after fixed charges ...................... Contingent charges ................................ 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 ....................... For the four 1937 $1 9,9S2,092 1,885,286 235,867,378 7,186,488 228,680,890 43,858,498 162,923, 939,6 8 207,720,510 20,960,080 4,157,595 16,802,485 64,917,891 12,436,633 1i,234,045 4:915,812 months of 1936 P$1 ,936,0o 09,15 191,945,962 6,298,759 185,647,203 44,407,906 166,060,102 874,676 211,542,684 d 21.69r,481 d 29,768.076 64,515,003 6,595,891 21,042,352 4,909,502 Balance at end of April Balance at end of April Selected Asset Items Selected Liability Items 1937 1936 1937 1936 13. Investments in stocks, bonds, etc., other than those 27. Funded debt maturing within 6 months* ............. (212,175,725 $347,269,625 of affiliated companies (Total, Account 707) ..... $689.101.395 8690,227,262 28. Loans and bills payable# .......................... 200,174,997 244,870,620 14. Cash ............................................... 68,307,1 445,004,192 29. Traffic and car-service balances payable .......... 81,310,708 74,026,859 15 Demand loans and deposit.......................... 7,909, 5 ,9 30. Audited accounts and wages payable ................ 2,05512 25,862,72 16. Time drafts and deposits ............... ........... 43,113, 60 31,9 9 31. Miscellaneous accounts payable .................... 125,952,738 797,91 17 Special deposits .............. ................ 270,283,710 97,647, 34 2. Interest matured unpaid .......................... 577,63,991 457,715,67 18. Loans and bills receivable ................ ... ...... 9,27,2 2,50,762 Dividends matured unpaid..........................,9 6 2,557,067 19. Traffic and car-service balances receivable ........ 6,53,98 5, ,934 Funded debt matured unpaid .......................... 48,6,4731,25 20. Net balance receivable from agents and conductors .. ,95,97 46,006,540 55. Unmatured dividends declared .................. 1,6 1,900 21. Miscellaneous accounts receivable ................. 14,55,58 146,666, 6. Unmatured interest accrued....................... 10. 9 10,698,13 22. Materials and supplies ............................. 35,70,058 299,266, '6 37. Unmatured rents accrued ..................... 56,378,931 36,9, 3 2. Interest and dividends receivable .................. 1,029,58 25,844,292 3. Other current liabilities ......................... 2,5,998 22,098,732 4. Rents receivable ................................... 1,914,246 2,229,0495 25. Other current assets ............................... 6,928,897 5,805,055 39. Total current liabilities (items 28 to 38) .. 1,897,880,437 1,697,983,896 26. Total current assets (items 14 to 25) ......... 1,462,571,092 1,166,436,452 40. Tax liability (Account.771): 40-01. U. S. Government taxes ................... 128,149,787 51,937,794 40-02. Other than U. S. Government taxes ........ 125,171,745 130,13,524 ANALYSIS 0F 7ET INCOME a/ Month of April 1937 Month of April 1936 For the four months of 1937 For the four months of 1936 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a net deficit Number Number Number Number lumber NumbermberNumber of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports reports reports reports reports 71 $17,531,454 62 $14,864,719 60 $14,964,723 73 $17,157,309 71 $69,682,922 62 $52,880,437 55 $47,036,115 78 $76,804,191 SThe net income as reported includes charges of $3,232,442 for April 1937 and $12,722,497 for the four months of 1937, $1,416,620 for April 1936 and $5,710,665 for the four months of 1936 on account of accruals for excise taxes levied under the Social Security Act of 1935; also $4,749,300 for April 1937 and $18,292,846 for the four months of 1937, $3,962,842 for April 1936 and $7,979,624 for the four months of 1936 under the requirements of ana Act approved August 29, 1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 400, 74th Congress). i Includes payments which will become due on account of principal of long-term debt (other than that in Account 764, Funded debt matured unpaid) within six months after close of month of report. # Includes obligations which mature not more than 2 years after date of issue. a/ Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. d Deficit or other reverse items. _ _____ __ _; _/__ I 1 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net income after depreciation Net income before depreciation Name of railway For the four months of For the four months of 1937 1936 193 7 1936 Alton R. R...................... 0 ................... ...70.984. d 561.452 46,193 d 6452.582 Atchison, Topeka & Santa Fe Ry. System a/ ......... 9,00 d 1.74,1,205 2,031,917 Atlantic Coast Line R. R ........................2,873,504 1147 3,554,71 2,028,922 Baltimore & Ohio R. R. ............................ 83, 854 2418610 2,91,671 44,61 Boston & Maine R. R. .............................. 623,91 2.472,091 1,157,899 d 1.924,198 Central of Georgia Ry.*................ ........... d 31491, d 859.10 129.715 d 602.359 Central R. R. of New Jersey ....................... 4 08 d 1.041.99 4 734 d 29680 Chesapeake & Ohio Ry. ............................. 10,367,605 11,530, 13,110,16o 14, 536 Chicago & Eastern Illinois Ry.................... d 6977 d 372.9 132,07 d 17M 519 Chicago & North Western Ry. ..................... 6.1454 A d 4.4924.6 479 Chicago, Burlington & Quincy RR. ................. 881,66 44,516 2,482,784 1,876,37 Chicago Great Western R. R............... 499.494 d 70.092 d 324.895 55, Chicago, Milwaukee, St. Paul & Pacific R. R.*...... 554.57 d 3 Chicago, Rock Island & Pacific RyP.*............... 4 d 122,902 d d 4 85 7 Chicago, St. Paul, Minneapolis & Omaha Ry. ........ d 1.272029 d ,id5 1,072,342 Delaware & Hudson R. R. ............................ 171,738 d 8.24 526,978 d 406,264 Delaware, Lackawanna & Western R. R. .............. .44,4 3 d 4b.28 1, 07,084 1444,793 Denver & Rio Grande Western R. R.*................ 2.046.53 1530.137 d 1I.4065 d 1144.508 Elgin, Joliet & Eastern Ry. .....................6.675 513 9 9 ,646 Erie R. R. (including Chicago & Erie R. R.) ....... 985,54 d 122, 2,25 541,17,781 Grand Trunk Western R. R. ......................... 79,154 389,984 419,469 788,289 Great Northern Ry. .............................. 3.557035 4.04b0.902 2.350.41 d 2804.424 Illinois Central R.R. ............................... d 31 d 10962 57,85 1,101,452 Lehigh Valley R. R. ............................... 42. 852879 344,599 Long Island R. R. ............................ 1.18709 d 607196 795955 213,493 Louisville & Nashville R. R ...................... 2,426,286 1,916,559 3,820,996 3,311,009 Missouri-Kansas-Texas Lines ....................... d 4 d 1031.48 d 101 l, d 603 230 Missouri Pacific R. R.**..... .................... d 4459 04 $.6 New York Central R. R. b/ ........................ 6,53,491 11 f 4 352 New York, Chicago & St. Louis R. R. ............... 1,071,754 807,047 1,610,411 1,323,166 New York, New Haven & Hartford R. R ............. d 788305 d3.198.9649,2 Norfolk & Western Ry. ............................. 0,6 5 12,i, 014 11 Northern Pacific Ry. .......... .......... ..... d 2,283 323 d 3, 1,209639 d 2701 88 Pennsylvania R. R. .................................. ..7,427,320 ,315,242 1,599,698 13,430,330 Pere Marquette R 7y. ......*.*..........***........ 896,542 890,766 1,748,795 1,736,450 Pittsburgh & Lake Erie R. R. ........................ ..1,208,4111 989 21 1,782,051 1,588,624 Reading Co. .....................................3, 154 1,80 7 ,07,51 2,872,885 St. Louis-San Francisco Ry.'.................... ... 42 4 d 3 '. 1 7 d7.002 St. Louis Southwestern Lined*.................... A 359,177 17684 7 Seaboard Air Line Ry.* ....................... d 496399 2. .7 1,817 d 1.41 Southern Ry. .............................. ........ 1,736,354 4 18. 2,78,522 894 Southern Pacific Transportation System C/ ......... 15295 1914,4 2501,23 715,15 Texas & Pacific Ry. .................. ...........* ,744 554 -292] 1,134,074 680,980 Union Pacific R. R ..... ..................... ..543,086 1,218:, 64 2,775,023 3,333,895 Wabash Ry 7 ....................................... 279.413 466 40,149 d 44,314 Yasoo & Mississippi Valley R. R. ................. 204,b66 d 31, 368,977 d 217:075 * Report of receiver or receivers. 102-o U.. GOVERNMENTP * Report of trustee or trustees. / Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. / Includes Boston & Albany, lessor to New York Central R. R. / Includes Southern Pacific Company and Texas & New Orleans R. R. The operation of all separately opera solely controlled affiliated companies, resulted in a net deficit of $964,983 for four months of De1, 41,404 for four months of 1936. These figures are not reflected in this statement. d Defidcj. RINTING OFFICE:1937 ated f 1937 and __~___ / Subject to revste Subject to rvisioa UNIVERSITY OF FLORIDA II 111111 III III IIll 11 1111 II I T Alllllllllllllll I 3 1262 08851 0846 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES 1935 1936 1937 Compiled from 136 reports (Form IBS) representing 142 steam railways TOTALS FOR THE UNITED STATES (ALL REGIONS) For the month of May 1937 $43,662,952 10,820,123 54,483,675 1,604,360 52,879,315 11,023,941 40,648,064 237,735 51,909,740 969,575 1,017,473 d 47,898 16,281,127 2,995,171 16,013,696 3,439,542 1936 $41,797,048 11,416,636 53,213,684 1,533,463 51,680,221 11,315,861 41 442 474 220 ,368 52,978,703 d 1, 9 8 1,00{} d 2,308U,55 16,169,678 2,362,143 12,870,114 7,819,909 Income Items + I-' 1. Net railway operating income ..................... 2. Other income o..................................... 3. Total income ................................ 4. Miscellaneous deductions from income ............ 5 Income available for fixed charges .............. 6 Fixed charges: 6-01. Rent for leased roads .................. 6-02. Interest deductions ....................... 6-0. Other deductions ........ ............. 6-04. Total fixed charges ................. 7. Income after fixed charges ...................... Contingent charges .............................. 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 ....................... For the five 1937 $237,645,045 52,677,300 290,322,345 8,797,023 281,525,322 54,537,763 203,818,508 1,176,575 259,532,8'. 21,992,476 5,175,068 16,817,408 81,199,021 15,431,804 35,247,741 8,355,354 months of 1936 $187,7 3,851 57, 37,359 245,161,210 7,835,583 237,325,627 5,431,423 207,785,660 1,102,511 264,3 519,594 d 26993.967 d 32:076.535 80,684,681 8,958,035 33,912,466 12,729,411 Balance at end of May Balance at end of May Selected Asset Items Selected Liability Items 1 1937 1936 ____1937 1936 15. Investments in stocks, bonds, etc., other than those 27. Funded debt maturing within 6 months* ............. $144,215,756 $277,441,218 of affiliated companies (Total, Account 707) ..... .699.876.61 a689.u40.112 o a 28. Loans and bills payable# .......................... 222,804,812 242,420,99 14. Cash ............................................... 466,827,975 437,323,479 29. Traffic and car-service balances payable .......... 80,814316 75,434,836 15. Demand loans and deposits .......................... 10,329,263 3,7769 30. Audited accounts and wages payable ............... 259,158,779 21,284,763 16. Time drafts and deposits ........................... 41,14,370 30,787,2 31. Miscellaneous accounts payable ................... 129,963,348 87,279,834 17. Special deposits ................................... 312,060,823 7,740,545 32. Interest matured unpaid .......................... 578,711,001 458,115,73 18. Loans and bills receivable ........................ 10,627,36 3,378,911 3. Dividends matured unpaid .......................... 1,667,042 2,14,55 19. Traffic and car-service balances receivable ........ 62,328,384 59,452,032 Funded debt matured unpaid........................ 480,29,893 440,31 09 20. Net balance receivable from agents and conductors .. 6,196,802 ,881,539 35. Unmatured dividends declared ..................... 19,77,272 19,79811 21. Miscellaneous accounts receivable .................. 1, ,612 1,661,032 6 matured interest accrued ...... .. ... 120,90,971 119 892,s 4 22. Materials and supplies ............................. 366,0,051 299 ,05 Unatured rents accrued....................... 40,550,228 4,012,116 316 51 : 299,7,06 37 Unmatured rents accrued ............................ .0 :5 228411012,116 2. Interest and dividends receivable ............. 27,630,018 28,695,324 5. Other current liabilities ....................... 26,469,510 21,161,484 SRents receivable .................................... 2029,288 2 11,169 25. Other current assets ............................... 7,199,550 6,033,936 39. Total current liabilities (items 28 to 38) ... 1,961,157,172 1,748,866,471 26. Total current assets (items 14 to 25) ........ 1,510,527,482 1,156,987,025 40. Tax liability (Account 771): 40-01. U. S. Government taxes ................... 135,459,473 59,188,735 40-02. Other than U. S. Government taxes ........ 131,8 ,992 134330,259 ANALYSIS OF NET INCOME a/ Month of May 1937 Month of May 1936 For the five months of 1937 For the five months of 1936 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a bet deficit Number Number Number Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports reports reports reports reports 60 $19,600,148 73 $19,648,046 59 $17,144,793 74 $19,453,248 71 $83,926,480 62 $67,109,072 54 $59,986,529 79 $92,o63,064 0 The net income as reported includes charges of $3,282,724 for May 1937 and $16,045,853 for the five months of 1937, $1,453,272 for May 1936 and $7,163,866 for the five months of 1936 on account of accruals for excise taxes levied under the Social Security Act of 1935; also $4,694,911 for May 1937 and $22,991,440 for the five months of 1937, $4,077,191 for May 1936 and $12,057,104 for the five months of 1936 under the requirements of an Act approved August 29, 1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. O00, 74th Congress). Includes payments which will become due on account of principal of long-term debt (other than that in Aoeount 764, Funded debt matured unpaid) within six months after close of month of report. # Includes obligations which mature not more than 2 years after date of issue. a/ Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. d Deficit or other reverse items. Statement No. M-125 MAY, 1937 r I -r INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net income after depreciation Net income before depreciation Name of railway For the five months of For the five months of 1937 1936 1957 1936 Alton R. .......................................... d $245.058 d $749 468 d $98,550 d $608.279 Atchison, Topeka & Santa Fe Ry. System a/ ......... 4o00,927 d 295 5,082,970 1,78 Atlantic Coast Line R. R. ......................... 2,650,193 382808 ,500,090 1,719,60 Baltimore & Ohio R. R. ............................ 109,291 d 2.182671 3,119,623 895,299 Boston & Maine R. R. ............................... 564,928 d 691,234,779 d 2,014.175 Central of Georgia Ry.*......................... d 546.270 d 1,10 023 d 2184692108 Central R. R. of New Jersey ...................... d 55, ,4 46 73 4,36 Chesapeake & Ohio Ry. ..... ...................... .. 3,6693 15,016,91 16,497,208 Chicago & Eastern Illinois R .* ............. d 209 52958 41,880 2 Chicago & North Western Ry.* ..................... d 8,090,798 d 8.164,812 d 6.023,786 ,0 , Chicago, Burlington & Quincy R. R. ............... d 147.105 49 1 1,56,622 1,41,71 Chicago Great Western R R ........................ d 6412 968 d 42164 Chicago, Milwaukee, St. Paul & Pacific R. R.*t..... d 7. d 5.538 42 Chicago, Rock Island & Pacific Ry.*t ................ d6 5 939 7 Chicago, St. Paul, Minneapolis & Omaha Ry. ........ 1 b649: 7r Ioz :o 5,0 Delaware & Hudson R. R. .......................... 207,779 d 768.939 651,371 d 305954 Delaware, Lackawanna & Western R. R. .............. 578,471 a 41 1630,707 70,314 Denver & Rio Grande Western R. R.*t............... d 2.912.230 2 d 2 628 d 169771 Elgin, Joliet & Eastern Ry. ..................... 819,353 6 ,02 168931 90 Erie R. R. (including Chicago & Erie R. R.) ....... 1,210,608 d 28.171 2,799,105 1,595,432 Grand Trunk Weatern R. R. ......................... 270,726 761,665 695,243 1,249,262 Great Northern Ry. ............................... d 2.287636 d 3.512.112 d 778661 d 1971 Illinois Central R. R. .......................... d 2,1550 d 15 119 46814 59 Lehigh Valley R. R. .............................. d 112466 2,834,363 680,091 Long Island R. R. ................................. d 1 .23b4Q8 < 5d 35E d 775,187 d 57,285 Louisville & Nashville R. R ....................... ,270,437 2,592,121 5,008,642 4,335,266 Minneapolis, St. Paul & Sault Ste. Marie Ry. ....... 2923554 2. 1 d 241000 d 227.02 Missouri-Kansas-Texas Lines .............. ..... d d 7,. 22 d 211,0 7 358 Missouri Pacific R. R.**............................ d 5,79 4 New York Central R. R. b/ ...................... .... 684 14,9,40 6,057, New York, Chicago & St. Louis R. R................ 1.,140,099 970,017 1,814,672 1,614,643 New York, New Haven & Hartford R. R*.............. d 1.558.708 d 16 d 136 162 d 2, 78,935 Norfolk & Western Ry. .. ............... ......... 1.31 55115,15 13 894,13 Northern Pacific Ry ............................. d 417 d 4 615072 d 1699.07 d 311.252 Pennsylvania R. R .............. .................. 9,675,6 9,388,092 Pere Marquette Ry. ............................... 965,818 1,102,205 2,031,497- 2,158,073 Pittsburgh & Lake Erie R. R. ....................... 1,7 3,349 1,408,998 2,455,670 2,160,937 Reading Co. .......... ........................... 3,464,105 2,429,263 4,755,904 3,760,184 St. Louis-San Francisco Ry?* ....................... d 3.638.2 2 3,5,856 d 2.328.395 d 2.507.564 St. Louis Southwestern Lines* ...................... d 456,871 d 148,489 d 205416 104,524 Seaboard Air Line Ry.* ............................... d 926642 d 2.64295 d 1 495 d 1,864,939 Southern Ry. ..................................... 1,930,201 d 3,8710 1,176,561 Southern Pacific Transportation System c/ ......... d 916.088 2,414,163 1,159,084 Texas & Pacific Ry. ............................... 1,023,582 450,406 1,510,069 936,336 Union Pacific R. R. .................. ..... ..... 350,597 1,010,137 3,142,205 3,659,180 Wabash Ry............................. ........ ... 660,645 228,610 d 114,349 Yazoo & Mississippi Valley R. R. .................. 195,752 d 399,534 d 121,422 Report of receiver or receivers. Report of trustee or trustees. a Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. SIncludes Boston & Albany, lessor to New York Central R. R. / Includes Southern Pacific Company and Texas & New Orleans R. R. The operation of all separately operated solely controlled affiliated companies, resulted in a net deficit of $1,312,711 for five months of 1937 and $1,690,121 for five months of 1936. These figures are not reflected in this statement. d Deficit. 154719-0 U. S. GOVERNMENT PRINTING OFFICE :1937 ) A I ' UNIVERSITY OF FLORIDA IIIIIIII III 11111 111 Dll l Il llI IIII I lu III l 1111111I 1262 08851 0853 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS Statement No. M-ll2 JUNE, 1937 SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 136 reports (Form IBS) representing 142 team railways TOTALS FOR THE UNITED STATES (ALL REGIONS) I. T I NET INCOME 1935 1936 1937 For the month of June 1957 $58,939,875 14,974,381 73,914,256 1,477,509 72,436,747 11,850,005 4o,771,160 238,282 52,859,447 19,577,300 1,017,473 18,559,827 16,311,355 3,964,529 10,903,709 1,442,231 1936 Income Items For the six 1957 months of 1936 I I I I- _ $50,258,673 14,720,025 64,978,698 1,803,119 63,175,579 11,077,932 41,855,717 227,574 53,161,223 10,014,356 1,oo009,973 9,0oo0,383 16,083,162 2,907,512 10,573,902 473,500 1. Net railway operating income .......i............ 2. Other income .................... ............... 3. Total income .......... .................0... 4. Miscellaneous deductions from income ............ 5. Income available for fixed charges ...... ....... Fixed charges: 6-01. Rent for leased roads .................. 6-02. Interest deductions ...................... 6-0: Other deductions .................... 6-04. Total fixed charges .................. Income after fixed charges ................... 8Contingent charges ................................ 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 ..................... $297,J41,775 67,197,394 36 ,989,174 10,358,904 354,630,270 66,387,766 244,53Z149 1,414,857 312,336,772 42,293,98 6,192,541 36,1oo00,957 97,510,340 19,396,333 46,281,554 9,797,585 $238.o016,430 72.143,037 310,159,467 9,713,779 300,oo 5,688 66,509,354 249,585,857 1,5o,0o85 31 7,25,296 d 16.979.608 6,092,541 d 23.072.149 96,767,84 11,865,547 44,486,368 13,202,911 Balance at end of June Balance at end of June Selected Asset Items Selected Liability Items 1937 1936 ___1937 1936 13. Investments in stocks, bonds, etc., other than those 27. Funded debt maturing within 6 months* ............. $97,332,220 0138,943,438 of affiliated companies (Total, Account 707) ..... QQ.l4PQ 167.88.7 28. Loans and bills payable# .......................... 811,912,833 244,724,766 14. Cash ............................................... 450,985,039 417,818,772 29. Traffic and car-service balances payable .......... 83,673,210 80,205,531 15. Demand loans and deposits .......................... 8,299,530 3,801,151 30. Audited accounts and wages payable ................ 2 ,718,261 237,4,119 16. Time drafts and deposits ........................... 39,519,222 32,368,706, 51. Miscellaneous accounts payable .................... 1 75,81 7 97,405,979 17. Special deposits ................................. 321,333,25 128,624,505 32. Interest matured unpaid ........................... 621,430,896 48,680,30 18. Loans and bills receivable ......................... 9,51,147 2,726,699 Dividends matured unpaid .......................... 11,220,265 11,409,200 19. Traffic and car-service balances receivable ........ 60,927,996 61,583,895 R Funded debt matured unpaid ........................ 509,350,918 462,312,209 20. Net balance receivable from agents and conductors .. 3,287,186 50,863,234 Unmatured dividends declared .................... 10,33,91 10,763,360 21. Miscellaneous accounts receivable .................. 16,480,737 11,13,99 Unatured interest accrued .................o...9.... 9,141,415 92,299,198 22. Materials and supplies .........*................... 71,557,945 297,505,991 57. Unmatured rents accrued......................... 2,289,169 24,910,228 2. Interest and dividends receivable .................. 24,035,534 28,256,732 3 Other current liabilities ......................... 30,4o06,980 25,746,734 2. Rents receivable ..............................1 0 1,9),006 2,308, 20 3 25. Other current assets ............................... 7,384,557 6,351,28s6 59. Total current liabilities (items 28 to 38) ... 1,999,453,155 1,785,863,654 26. Total current assets (items 14 to 25) ......... 1,495,279,157 1,173,3344,167 40. Tax liability (Account 771): 40-01. U. S. Government taxes ................... 11i,940,609 61,036,781 40-02. Other than U. S. Government taxes ........ 137,288,630 136,05,919 ANALYSIS 0O NET INCOME a/ Month of June 1957 Month of June 1936 For the six months of 1937 For the six months of 1936 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a net deficit Number Number Number Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports reports reports reports reports 68 $29,167,992 65 $1o,608,165 63 $24,309,737 70 $15,305,354; 75 $105,930,756 58 $69,829,799 57 $75,509,978 76 $98,582,127 0 The net income as reported includes charges of $3,306,410 for June 1937 and $19,249,516 for the six months of 1937, $1 461,063 for June 1936 and $8,580,085 for the six months of 1936 on account of accruals for excise taxes levied under the Social Security Act of 1939; also includes a net credit of W$,008,216 for June 1937 and a net charge of $13,940,793 for the six months of 1937, because of provisions of the "Carriers Taxing Act of 1937', approved June 29, 1937 and repeal of the Act of August 29, 1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 400, 74th Congress). The net income for June 1936 includes charges of $3,539,192 and for the six months of 1936 of $15,119,025 under the requirements of an Act approved August 29, 1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 400, 74th Congress). Includes payments which will become due on account of principal of long-term debt (ot4er than that in Account 764, Funded debt matured unpaid) within six months after close of month of report. # Includes obligations which mature not more than 2 years after date of issue. SExcludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. d Deficit or other reverse items. Subject to revision ---- ---,----ry-r.. ~ 11 ~ ~ ~ I . r INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net income after depreciation Net income before depreciation Name of railway For the Six months of For the Six months of 1937 1936 1937 1936 Alton R. R. ........................................ d 448,997 9q 87 27.111 d $734.560 Atchison, Topeka & Santa Fe Ry. System a/ ......... 3,262,78 d 669.012 8,893,905 5005,664 Atlantic Coast Line R. R. ........................ 2,12,658 ,141,0 1,6755 Baltimore & Ohio R. R. ............................ 11,756 d 1.981,278 3,621,109 1,713,200 Boston & Maine R. R .............................. 654,707 d 2.757.437 1,459,135 d 1.936.061 Central of Georgia Ry.* ................. ......... 800,308 d 1.35408 d 406.820 d 96. Central R. R. of New Jersey ...................... d 471700 d 1,701.530 246,531 d 934,79 Chesapeake & Ohio Ry. ............................... ...... 15,66,95 17,903,747 19,790,70 22,115,55 Chicago & Eastern Illinois Ry.* ................... d 393.174 d 654,193 d 89.545 d 357.386 Chicago & North Western Ry........................ 438,33 d 9.092.67 5.957.099 d 6,594,19 Chicago, Burlington & Quincy R. R. ............... 452,639 d 942,194 2,860,038 1,352,895 Chicago Great Western R. R.* ...................... d 7999 d 651 ,59 d 494,976 d 3.039 Chicago, Milwaukee, St. Paul & Pacific R. R. *.... d 7,010,782 d 9,226946 d 4.295.036 d 6.53228 Chicago, Rock Island & Pacific Ry.*................ d 63712 d 8,908308 d 4,346, 68 d 6,76,404 Chicago, St. Paul, Minneapolis & Omaha Ry. ........ d I744,62 d 1,458,671 d 1447,637 d 1,159,7 Delaware & Hudson R. R. .............. ...... 129,720 d 890.793 661,500 d 711 Delaware, Lackawanna & Western R. R. ............... .587,145 3863 1,84,76 82472 Denver & Rio Grande Western R. R.*t................ d8 d 2,891424 2.754.198 d 2.313.196 Elgin, Joliet & Eastern Ry. ....................... 14,34 770,480 1,22,680o Erie R. R. (including Chicago & Erie R. R.) ....... ,286,233 158,653 3,192,024 2,104,942 Grand Trunk Western R. R. ........................ 171,177 9,26 679,826 1,551,181 Great Northern Ry. ............................... 9,866 d 2.869.03 1,901,93 d 1,026.435 Illinois Central R. R. ............................. 1.61.888. d 2,022598 1,522,706 1,265,627 Lehigh Valley R. R................................. 41669 29,682 713,83 1,180,057 Long Island R. R. .................................. 1,431,655 d 514,082 d 84,211 68,101 Louisville & Nashville R. R. ...................... 3,895,00 3,304,018 5,976,714 5,395,355 Minneapolis, St. Paul & Sault Ste. Marie Ry. ...... d6 .211.442.65.97 d 2.599.269 Missouri-Kansas-Texas Lines ..................... 623.55g.44 d 1416 d 826,36 Missouri Pacific R. R. ........................... d5 7 1 d 3.3 20 4 322 New York Central R. R. / 0.......................4 1452,09 New York, Chicago & St. Louis R. R. ............... 1,378,242 1,139,037 2,190,787 1,912,149 New York, New Haven & Hartford R. R.*?............. d 2,101.385 d 4.286.497 d 394.292 d 2.565.492 Norfolk & Western Ry. ..................... .... 16,031,139 14,482,962 18,397,607 16,731,828 Northern Pacific Ry .............................. d 2.497.631 5,177419 d 887308 d 3612.915 Pennsylvania R. R. ................................ 12,700,749 12,274,714 25,077,119 23,105,390 Pere Marquette Ry. ............................... 1,094,647 1,166,983 2,373,830 2,433,060 Pittsburgh & Lake Erie R. R. ...................... 2,200,948 1,852,052 3,078,454 2,734,508 Reading Co. ..................................... 4,327,842 2,914,465 5,878,143 4,540,036 St. Louis-San Francisco Ry.*...... ......... d 3.976.717 d 4.535.093 d 2.4468 d 2.919,90 St. Louis Southwestern Lines ................... d 725232 d 139,27d 424,013 164059 Seaboard Air Line Ry.*......... .................. d 1572.508 d 3372.957 d 611.390 243795 Southern Ry. .............. ..................... 1,722,199 46,103 3,290960 1,669,985 Southern Pacific Transportation System / ......... d 163.04 113912 3,839,896 4,057,820 Texas & Pacific Ry. ............................... 1,266,360 525,752 1,8.9,625 1,109,282 Union Pacific R. R. ............................... 2,192,619 2,976,519 5,544648 6,158,659 Wabash Ry.*............... ...................... d .048,449 d 1.449.021 20,432 d 381,215 Yazoo & Mississippi Valley R. R. .................. 409,054 d 320.752 653,515 d 64,736 Report of receiver or receivers. ** Report of trustee or trustees. a Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. SIncludes Boston & Albany, lessor to New York Central R. R. :/ Includes Southern Pacific Company and Texas & New Orleans R. R. The operation of all separately operated solely controlled affiliated companies, resulted in a net deficit of $1,504,130 for Six months of 1937 and $1,898,058 for Six months of 1936. These figures are not reflected in this statement. d Deficit. 154179-0 U. S GOVERNMENT PRINTING OFFICE: 1937 r _ i17C I1.ia334977 Subic* to mIaion UNIVERSITY OF FLORIDA SI111111 I111111 | |111lIII illBU111111111111111111 3 1262 08851 0663 INTERSTATE COMN .. ... ...BUREAU OF ERCE COMMISSION STATISTICS SELECTED INCOME AND BALANCE-SHEET ITEMS OF 1ASS I STEAM RAILWAYS IN THE UNITED STATES Compiled frm 135 epots (P~ilp' reP mtim 141 stm *ailhways TOTALS FOR THE UNITE STATES (ALL REGIONS) ..I II . For the moath of July 9- 1957 $60,560,114 12,884,4537 73,444,551 1,627,146 71,817,405 11,174,481 40,396,512 221,636 51,792,629 20,024,776 1,017,473 19,007,303 16, 39,173 4,265,213 4,099,670 1,126,883 1956 Inoome Items I i , $61,725,951 12 656741 748 1,557,875 72,8,87- 11,118,672 41,052,990 20,: 2158 1,009, 73 19,411,12 16,162,455 2,876,:50 4,204,891 990,060 1. Net railway operating income .................... 2. Other income ....................................... 3. Total income .............. ................ 4. Miscellaneous deductions from income ............. 5. Income available for fixed charges ............ 6. Fied chargers 6-01. Rent for leased road ................ 6-02. Interest deductions ..................... 6-03. Other deductions ..................... 6-4. Total fixed charges .................. SIncom after fixed charges ...................... Contingent charges ................................ 9. Net income j ............................* 10. Depreciation (Way and structures and Equipment) .. 11. Federal income taxes ........................... 12. Dividend appropriations: 12-01. On OOmmn stock ............ ............ 12-02. On preferred stook ..................... Statement No. M4-12 JULY, 1937 For the seven months of 1957 $357,909,342 80,531,561 458,440,903 11,986,049 426, 454:,854 77,562,248 28-,7 ,8971 1,636,1.93 7,210,014 55,262,128 113,866,156 23,661,546 1936 $29,749,73 .,799,487 844:460 11,271,553 373,277,907 77,628,027 290,492, 15 3692,68198 3,596,079 7,102,514 d 3.506.435 112,926,885 14,742,047 48,690,659 14.192,971 Balance at end of July Balancd at end of July Selected Asset Items Seloted Liability Items 1937 1956 _1937 1936 15. Investments in,.tocks, bonds, etc., other.than those 27. Funded debt maturing within 6 months ............. $90,114,846 a173,976,045 of affiliated companies (Total, Ao6ount*707) ..... 698.824.76?-' 68.89;g - S8. Loans and bills payable# .................... 211,079,600 226,783,627 3. Cash ........................................... 446,349, 16 424,481,506 29. Traffto and ear-service balances payable ........ 83,03,636 82,017,680 1. Demand lo nd deposits ....... ............ ...... ,996,626 ,62 0. Audited accounts and wages payable .............. ,935,498 22, ,49 1. Time drafts and deposits .......................... 41,93 362 451,37 51. Miscellaneous accounts payable ................... 10686, 9:, 9 17. Special deposits ............................. 179,9,396 132,004,906 32. Interest matured unpaid ........................... 59 47, 22 Lo and bills receivable ........................ 12,5,260 2, 50,77 3. Dividends matured unpaid ..................... 6,07 28 69225 19. Traffic and car-service balances receivable ........ 59,92086 61,786 5 ended dbt matured unpaid ........................ 480,872,639 444,7,661 20. Net balance receivable from agents and conductors .. 0,0,664 50,189,622 Umatured dividends declared .................... 9,70,12 ,3,821 21. Miscellaneous accounts receivable .................. 2,859,40 10,362,146 5. tatured interest accrued ...................... 05,00,100 10,7 18 22. Materials and supplies ............................. 7 3,8379 295.20.66: 37. Unmatuerd rents accrued ...................... 860 26,9 827 ". Interest and dividends receivable .................. 21, 98 2 00322 5 their ourret liitlities ......................... 24 ,129 24,99,535 Rents receivable ......................... ......... 1,7552553 2,49, 25. Other current assets ....... .................... 8,06,971 6,22 4 39. total current liabilities (it 28 to 8) 1,921,441,127 1721,599,18 26. Total current assets (items 1i to 25) ......... 1,353,007,373 1,180,817,055 40. Tax liability (Account 771): 40-01. U. S. Government taxes .................. 110,071,818 64,115,727 40-02. Other than U. S. Government taxes ........ 114,897,869 146,199,737 ANALYSIS OF NET INCOME / Month of July 1937 Month of July 1936 For the seven months of 1937 For the seven months of 1936 Railways reporting Railways reporting Railways reporting Ra~iwa1s rpcpting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a not income a not deficit a nat inoooe a net deficit Numbum mber Nube ube Number Number Number Number of Amount of Amount of Amount f o Amount f Aof Amount p f Amo of Amount reportsts re ts reports rpoa. repos reports reports reports 71 830,327,960 61 $11,320,657 73 $28,964,667 59 89,553,055 75 $132,675,072 57 $77,412,944 59 $100,013,731 73 f103,520,166 SThe net income as reported includes charges of $3,340,997 tor July 1937 and $22,620,351 for the seven months of 1937, $1,504 .618 for Jply 1936 and 810,091,842 for the qvgn months of 1936 on account of accruals for excise taxes levied under the Sooial Soeurity Act of 1935; also Includes a net credit of 1,280,021 for July 1937 and a not charge of 1,602,591 for the seven months of 1937, because of provisions of the Carriers Taxing Act of 1937', approved June 29, 17 and repeal o, the Act of Aust 29, 1935, levying an excise tax upon car- riers and an income tax upon their employees, and for other purposes. (Public Nob 400, 74th Congres). The charges anG credited were not rbaG led In a uniform manner by all the oar- riers and separate totals are not available. The not inoome for July.1936 Includes. charges of ,803,2 8 R Ad for the seven month of 1936 of O 9,397 ,0l under the requirements of an Act approved August 29, 1935, levying an excise tax upon carriers and an inooe tam upon.their employees, and for. other purposes. (Public No. 00, 74th. gress). Includes payments which will become due on account of principal of long-term debt (other than that in A0oountCi764, Funded debt matured unpaid with n six months after close of month of report. # Includes obligations which mature not more than 2 years after date of issue. SExoludes reports of 3 roads whose net income (or deficit) was absorbedby the controlling edopany. & Deficit or other reverse items. I i .- -- i r '' * -r (-11111L~_ I-I-~.~I _I _~..I^--_~*__~.i__- ljl._.i .j-ILI--L^^I.L~L..ill~-l~-.*.ll IL~hyruliY.i.r.~~..\li~PMij-*~~l~ II I..:~--l;)i~e~i~^*rar -..l..r.l;.r i ;* I " */ INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net income after depreciation Net income before depreciation Name of railway For the seven months of For the seven months of 1937 1936 1937 ,- 1936 Alton R. .................................................. d 44.997 d 959. d 26.335 d 759.48 Atchison, Topeka & Santa Fe Ry. System a/ ......... -6:i 1,996,05 1 8,16942 Atlantic Coast Line R R ......................... ,1,19 1,423,266 ,29,310 2,664 Baltimore & Ohio R. R. .............0 ......... d 54.77 d 1.820.819 1, ,286 ..2,488 498 Boston & Maine R. R......................... .597.72 d 2.772.3 1,598,366 4 1814:900 Central of Georgia Ry.*.............. .......... d 1.012.883 .472.609 d 553.766 1.023.395 Central R. R. of New Jersey ...................... 72 d 200331 88862 d 1 O11450 Chesapeake & Ohio Ry. ........ ............... 18,8 ,930 21,o,45 3,498 179 25,953,32 Chicago & Eastern Illinois Ryoe...................2 7 77 d 196826 d 72 Chicago & North Western RyP*............... ........ a 1063529 97 34 d 7,163,806 d 6.871916 Chicago, Burlington & Quincy R. R. ................ 1 .39,91 310,878 4,20,62,98 ,239 Chicago Great Western R ................... d 496849 d 48720788 Chicago, Milwaukee, St. Paul & Pacific R. Rfl*.... .* d 10-212 .153 d 5.241.637 d 7.07'1 15 Chicago, Rock Island & Pacific Ry ..................... 4 545 39. 68 d 68<0,534 Chicago, St. Paul, Minneapolis & Omaha Ry. ....... & 2 2 116 d i,495 1.676.131 d 1.4 86 Delaware & Hudson R. R. ........... ........... 898 d 1.072,410 620,782 d 428,246 Delaware, Lackawanna & Western R. R. .............. 65,037 d 6 53.T 1,834.986 904,817 Denver & Rio Grande Western R. R*e.................. d 09.18 d 3.4 0,169 d .2.841.775 Elgin, Joliet & Eastern Ry. ................... 1,9286 67,3 1,815,099 1,92,703 Erie R. R. (including Chicago & Erie R. R.) ....... 1 g9,844 428, 19 3,618,409 72,97067 Grand Trunk Western R. R. ........................ 75595 6 72 684,238 1,335 475 Great Northern Ry ........................... 1, 53 d 1,1.79 3,756, 702 991,942 Illinois Central R. R. ................................ 2 01 611 0 39, 68 1,754153 Lehigh Valley R. R ................................. d 6. 289 89 62,209 1,630,843 Long Island R. R. ............................. d d,-1g d 9.208 77 4,008 230,114 Louisville & Nashville R. R. ..................... 4,464,911 4,0o40o, 434; 6,891,105 6,479,464 Minneapolis, St. Paul & Sault Ste. Marie Ry. .... d 3622.11 d 3 34518 d 2.945.227 Missouri-Kansas-Texas Lines ....................... d 6 866 d .9634 Missouri Pacific R. RH....... ................ d 4,127911 d 6.771709 d 1. 4.0,9 New York Central R R. / ........................ -- 6,74 629 1, 410,557 16,095,965 10,s53,716 New York, Chicago & St. Louis R. R............. 1,510,936 1,3,822 2,461,5 2,285,315 New York, New Haven & Hartford R. R.0%............ 871 d 88d 7 01 Norfolk & Western Ry. ....................... 31 39,1 19,46,533 Northern Pacific Ry. .................. d 2.99.98 d 59.472.0 4 1.112.,110 d 3626.475 Pennsylvania R. R. ............................. .. 15,820r386 16,359,142 30,287,434 29,039,191 Pere Marquette Ry. .............e.... ...... 1,284,874 1,257, 05 2,777,559 2,737,115 Pittsburgh & Lake Erie R. R. ...................... ,704555 2 367,94o 3 046 3 420o,937 Reading Co. ........r .............................. 4 791580 3,07,392 :i 870 5 33 St. Louis-San Francisco Ry.M....... ............. d 3.5 056 d 4.957.793 d 1.71.407 d 3.076 St. Louis Southwestern LineA..................... d ,698984 d 2 177 d21 1,409 Seaboard Air Line Ry.*................. ..d....*** 2..144.4 5 d 4,089 d 1.016.918 d 2.993. 36 Southern Ry. ........................... ........ 1573,179 44,744 3,402,090 -2, Jo Southern Pacific Transportation System / ./....... 559,74 1,30o,977 5,243,212 5,910 45 Texas & Pacific Ry. ........................ .... 1,511,184 670,167 2,191,367 1,351355 Union Pacific R. R. .........................,,. 3,39,885 4,339,295 735o,932 8,099,547 Wabash Ryd *** *. ........*... ...*. ....... d* d 1,246,144 d 1.525.559 2,325 d 290-,619 Yasoo & Mississippi Valley R R. ....-... .......... 286,207 41 0 570o,19 d1,2 Report of receiver or receivers. Report of trustee or trustees. / Includes Atohison, Topeki & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. / Includes Boston & Albany, lessor to New York Central R. R. / Includes Southe$r Pacific Company and Texas & New Orleans R. R. The operation of all separately operated solely controlled affiliated o pansies, resulted in a net deficit of $1,764,613 for even uontha ef 1937 and _d De2,6,042f. f Rieven months of 1936. These figures are not reflected in this statement. 154719-0 U.S. OVERMMENT PRINTING OFFICE:1937 *. ! 61 ; ; Subject to revision UNIVERSITY OF FLORIDA ItlIIH I llliiui1M1liliHl IllII 3 1262 088510671 INTERSTATE COMMERCE -COMNISION B--.UREAU OF STATISTICS SELECTED COME AND BALANCE-SHEET ITEMS OF CLASSIC SIEAIM RAILWAYS IN THE UNITED STATES Compiled from 135 report (For" IBS) rmntnns 141 Ustnt railways TOTAL FOR THE UNITED STATES (AiL REGIONS) Pao the month of August For the eight months of Income Items NET INCOME 193 1936 1937 19361 MILLIONS OF DOLLARS Sr 50,07. 78 (64,6 6,59 1. Net railway operating income ...................... $408,217,20 '364:,36,569 100,W .7758 11 3,067 2. Other income ...................................... 90,979,291 96,142,553 60 60,755,636 75,979,660 3 Total income .................. ........ 499,196,511 460,529,122 1,728,504 1,511,178 4. Miscellaneous deductions from income ............. 13,714,552 12,782,732 40 59,027,132 74,468,482 Income available for fixed charges ............ 485,481,959 447,746,390 -- Fixed charges: 11,049,240 11,080,029 6-01. Rent for leased roads ................... 88,611,488 88,708,055 to A 40,391,518 41,144,706 6-02. Interest deductions ......... ....... 325,175,48 331,636,855 -- 221,593 248,917 6-03. Other deductions .......................... 1,858,058 1,810,5 72 51,662,351 52,47,652 6-04.. Total fixed charges ................ 415,645,034 422,155, 82 S7,364,781 21,99,0 7. Income after fixed charges .................. 69,86,925 25,590,90 0 -- -- ---- 1,017474 1,014974 8. Contingent charges ............................... 8,227,48 8,117,488 f / L 6,347,307 20,979,856 9. Not income ..............................61,609,437 17,473,420 20 -- ----- ----- 16,451,078 16,114,630 10. Depreciation (Way and structures and Equipment) ... 130,317,463 129,041,515 1I .L II I I. I I i i II II lI 1 1 3,871,169 3,056,727 11. Federal income taxes .............................. 27,643,617 17,798,774 1935 936 1937 12. Dividend appropriations: 13,85,452 12,995,649 12-01. On common stock .......................... 67,532,612 61,686,308 2,172,630 3,036,072 12-02..On.preferred stock ....................... 13,097,099 17,229,044 Balance at end of August Balance at end of August Selected Asset Items Selected Liability Items 1937 1936 1937 1936 13, Investments in stocks, bonds, etc., other than those 27. Funded debt maturing within 6 months* ............ $83,837,698 $188,767,479 of affiliated companies (Total, Account 707) ..... 2699794.826 688772-.12' 28. Loans and bills payable# .......................... 210,648,782 220,025,568 Cash ............................................. 430,960,617 443 043,933 29. Traffic and car-service balances payable ........... 79,628,188 78,733,978 1 Demand loans and deposits ........................ 17, 5,110 11,430,155 30. Audited accounts and wages payable ................ 257,916,939 218,080,783 1. Time draft and deposits .......................... 41,50,544 33,126 411 1. Miscellaneous accounts payable .................... 98,298,981 97,245,171 17. Special deposits ...... ....... ................ 155,063,300 169,188,136 2. Interest matured unpaid ........................... 609,02,7.06 493,831,224 Loans and bill reeivable .......................... 13,551,106 1,987,893 3. Dividends matured unpaid ........................ 6,709 6,971,092 19. Traffic and cr-service balances receivable ........ 57,515,696 59,658,025 Funded debt matured unpaid ................. ....... 477,476 ,001 448,018,928 20. Net balance receivable from agents and conductors .. 53,579,154 52,003,770 3 Unmatured dividends declared ..................... 15,890,136 14,497,949 21. Miscellaneous accounts receivable .................. 139,013,012 140, 61,979 3 Unmatured interest accrued ........................ 107,290,914 107,885,336 22. Materials and supplies ............................. 3o,425,708 295,442,131 7 U matured rents accrued ........................... 33,6O,426 33,238,078 25. 'Interest and dividends receivable ................. 22,721,114 27,4o7015 38. Other current liabilities .......................... 22,356,212 23,268,351 Rents receivable ......;............................ 1,977,140 2,394,188 25. Other current assets ....................... ..... 8,472,419 6,360,751 59. Total current liabilities (items 28 to 38) ... 1,918,900,688 1,741,796,458 26. Total current assets (items 14 to 25) ......... 1,322,294,920 1,242,404,387 40. Tax liability (Account 771): .0-01. U. S. Government taxes ................... 116,016,808 72,374,038 4.0-02. Other than U. S. Government taxes ......,. 153,700,762 157,727,771 ANALYSIS OF IET INCOME a/ Month of August 1937 Month of August 1956 For the eight months of 1937 For the eight months of 1936 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a ne dic a net deficit a net Income a net deficit Number Number Number Number umber Number Number Number of Amount of Amount of Amount of AouptAmount Of, Ammunt of' Amount of Amount of Amount reports reports reports reports" reports reports i rts reports 61 $21,914,483 71 $15,567,176 79 $29 582,802 53 #8,602,946 70 *151,986,968 62 $90,377,531 61.. 125,330,119 71 $107,856,699 0 The net income as reported includes charges of $3,480,268 for August 1937 and $26,212,720 for the eight months of 1937, $1,519,201 for August 1936 and $11,662,436 for the eight months of 1936 on account of accruals for excise taxes levied under the Social Security Act of 1935; also includes charges and credits resulting in a net charge of $2,640,262 'for August 1937 and $13,050,822 for the eight months of 1937, because of provisions of the "Carriers Taxing Act.of 1937", approved June 29, 1937 and repeal of the Act of August 29, 1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 1. 00 74th Congress). The charges and credits were not handled in a uniform manner by all the carriers and separate totals are not available. The net income for August 1936 includes charges of (3,806,654 and for the eight months of 1936 of $23,355 712 under the re- quirements of an Act approved August 29, 1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 400, 74th Congress). Includes payments which will become due on account of principal of long-term debt (other than.that in Account 764, Funded debt matured unpaid) within six months after close of month of report. # Includes obligations which mature not more than 2 years after date of issue. Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. SDeficit or other reverse items. Statement No. M-125 AUGUST, 1937 -- -- .I ~u-~lrr;~uc-~-rUI I-i=-IIP PI-_~I1I-L(I ._._li ._11. . * .. I INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net income after depreciation Net income before depreciation Name of railway For the eight months of For the eight months of 1957 1936 1937 1936 Alton R. RP...................................... d 576.273 d 1.066,82 d 340.159 d 836892 Atchison, Topeka & Santa Fe Ry. System / ......... 6,5,31 299 10,56 3 Atlantic Coast Line R. R. .......................... 2,60,19 1,17,669 4,11,916 254,586 Baltimore & Ohio R. R. ............................ d 3.94 d 860.806 4,690,127 4,065,057 Boston & Maine R. R. ..............................2960 2.591,896 1,556,407 d 1.497.997 Central of Georgia Ry.* ............................ d 1.653.9.5 d 769.60 d 1.139.839 Central R. R. of New Jersey ....................... 7 22 d 122217 Chesapeake & Ohio Ry. .............................. 21, ,91 2 27, 6 0,540,178 Chicago & Eastern Illinois Ry.e*.................... d 3.137 d 62.655 d 2 1 d 368.700 Chicago & North Western Ry.*t....................... 11.4 901 958405 d 83d 6.663,529 Chicago, Burlington & Quincy R. R. .............. 1,753,782 1,029,253 4,970,435 4,086,386 Chicago Great Western R. R.* ...o.................... d 893.35 d 295.094 A 3.16 38,010 Chicago, Milwaukee, St. Paul- & Pacific R. R.**...... 11.11 337 d .77737 d 7.536.176 Chicago, Rock Island & Pacific Ry.* ............. 12 d 10,431,614 d 41244 d .56 6 Chicago, St. Paul, Minneapolis & Omaha Ry. ........ 99 1.383,557 1721 d 985,877 Delaware & Hudson R. R..... .......................... 47 7 1.220.767 358,013 d 486264 Delaware, Lackawanna & Western R. R. ............. d 952,64 1,457,709 827,556 Denver & Rio Grande Western R. R.*................. d 4d 3.896.910 4111 226d 3.127.194 Elgin, Joliet & Eastern Ry. ............77........... 14659 957277 2,057,323 1,55,566 Erie R. R. (including Chicago & Erie R. R.) ....... 1,318,071 575,771 3,859,064 3,166,007 Grand Trunk Weatern R. R. ......... ...............241.33 287,288 43,628 1,040,719 Great Northern Ry. ......................9.........6 777,052 6,06,741 ,226,45 Illinois Central R. ............................ d 2128807 d 2.25114 2,033,536 2,048,047 Lehigh Valley R.R. ............................... d 2 -444,401 529133 1,975 257 Long Island R. R... ................ ............. 1. d 231,985 d 752734 5 44:72 Louisville & Nashville R. R. ...................... 4,927,158 4,895,982 7,700,909 7,683,124 Minneapolis, St. Paul & Sault Ste. Marie Ry. ...... d 3.996228 3.94 3.210. d 3128.82 Missouri-Kansas-Texas Lines ....................... d 2350 d 136 66, 511224 Missouri Pacific R. R ........... ........ .. d 6799d066 d 2041 7 d .999.6 New York Central R. R. / ......................... 7,011,298 2,36732 17,705,595 13,165,526 New York, Chicago & St. Louis R. R. ............. 1,851,208 1,733,026 2,941,187 2,762,839 New York, New Haven & Hartford R. R.t............. d .1.82 A 4.937.6 d 1.61.3 d 2.641.947 Norfolk & Western Ry. ............................. 21,018,62 19,633,978 24,202, 85 22,66,012 Northern Pacific Ry. .................. .......... & .877 d 5.172 7 d 724j 3.8.104 Pennsylvania R. ................................18,165,244 20, 111,748 4,7524 4,689,750 Pere Marquette Ry. ............................. 1,324,842 1,264,588 3,029,349 2,954,127 Pittsburgh & Lake Erie R. R. ...................... 3,195,416 2,838,292 4,383,679 4,041,80o Reading Co. .... ..... ................ ........ 5,00,1402 3,976,918 7,106,524 6,098,392 St. Louis-San Francisco Ry.*t ...................... d 4.42.265 5.2.911 d 2.144.138 d 255439 St. Louis Southwestern Lines*f ................... 658.274 292.83 d 257,900 111,046 Seaboard Air Line Ry. ................................ d 2.873.215 d 4.718.873 d 1578.09 d 3.465.628 Southern Ry. .................................... 1, 32,024 1,011,735 3,412,214 3,175,319 Southern Pacific Transportation System a/ ......... 3,793 2,754,506 5,742,823 7,989,288 Texas & Pacific Ry. ......................g........ 1,617,165 839,376 2,391,707 1,617,630 Union Pacific R. R. ............................ 5,839,941 6,470,094 10,322,065 10,773,745 Wabash R .................... ..........I d 1.82g4.274 d 1.772.595 d 396.01 d 350809 Yazoo & Mississippi Valley R. R. ................. ..264,012 d65 589,650 24 321 Report of receiver or receivers. ** Report of trustee or trustees. SIncludes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. SIncludes Boston & Albany, lessor to New York Central R. R. / Includes Southern Pacific Company and Texas & New Orleans R. R. The operation of all separately operated solely controlled affiliated Qapanies, resulted in a net deficit of 2,132,228 for eight- months of 1937 and $2,280,333 for eight months of 1936. These figures are not reflected in this statement. d Deficit. 154719-0 U. S. GOVERNMENT PRINTING OFFICE: 1937 -.3, 8 3 Subject to revision ~"LL ~ -~ I me6-I~-~41B~PrC~'iC~~~ap~~ ;?~lr~L111~~I2~*Crrr, % a . SELECTED INCOME AND BALANCE-SHEET ITEMS PF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 135 reports (Form IBS) repremnting 141 steam railways TOTALS FOR THE UNITED STATES (ALL REGIONS) I T NET INCOME 1935 1936 1937 For the month of September 1936 1937 $59,304,954 11,058,436 70,563,390 1,504,140 68,859,250 11,079,387 40,327,080 225,803 51,632,270 17,226:980 1,017,472 16,209,508 16,566,876 3,0o4,205 5,051,641 1,305,o00 Income Items For the nine months of 1937 .44 .4 $70,096,165 ll,981,49 82,077,651 2,354,580 79,723,078 10,958,844 41,030,253 234,915 52,224,012 27 499,o66 1,017,470 26,481,594 16,116,349 2,270,115 2,116,636 d 627, 1. Net railway operating income ..................... 2. Other income .................................. 3. Total income ................................ 4. Miscellaneous deductions from income .............. . Income available for fixed charges .............. Fixed charges: 6-01. Rent for leased roads ..................... 6-02. Interest deductions ....................... 6-03. Other deductions .......................... 6-. Total fixed charges .................. 7. Income after fixed charges ..................... Contingent charges ............................... 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 ....................... $468,449,037 102,014,402 570,463,439 15,218,694 555,244,74 99,690,873 365,502,567 2,083,862 467,207,502 87,967, W 9,24,960 78,722, 8 146,884,341 29,352,776 1936 (434 482,732 10,,124,0B 542,606,778 15,137,311 527,469,467 99,666,899 372,909,108 2,045,47 474,621, 52 8 4,973 9,134,960 43,713,013 145,157,864 20,068,889 63,802,944 17,228,275 Balance at end of September Balance at end of September Selected Asset Items Selected Liability Items 1937 1936 __1937 1936 13. Investments in stocks, bonds, etc., other than those 27. Funded debt maturing within 6 months* .............. 74,734,216 $158,852,956 of affiliated companies (Total, Account 707) .... 697.34.188 6.2831 28. Loans and bills payable# .......................... 210,501,064 219,111,734 Cash ............................................... 448,487,803 505, 99,8 29. Traffic and car-service balances payable ......... 81,151,380 80,805,625 1. Demand loans and deposits .......................... 16,975,622 I, ,651 30. Audited accounts and wages payable ................ 259,060,579 231,150,686 1. Time drafts and deposits ......................... 40,782,230 40,66, 23. 31. Miscellaneous accounts payable .................... 102,556,26 106,202,341 17. Special deposits ................................ ... 142,180,679 147,204,:41 32. Interest matured unpaid ........................... 634,072,506 520,496,575 18. Loans and bills receivable ......................... 10,65,709 2,349,257 33. Dividends matured unpaid .......................... 12,988,519 13,015,809 19. Traffic and car-service balances receivable ........ 60,06,079 61,399,53 Funded debt matured unpaid ........................ 476,907,390 474,318,202 20. Net balance receivable from agents and conductors .. 5 91,319 54,999,91 35. Unmatured dividends declared ...................... 2,379,597 1,141,223 21. Miscellaneous accounts receivable .................. 12320,988 1,093,50 36. Unmatured interest accrued ........................ 102,917,8 0 103,2,261 22. Materials and supplies ............................. 383,794,201 295,676,80 37. Unmatured rents accrued ....................... 32,359,645 31,768,727 25. Interest and dividends receivable .................. 23,009,518 27,803,97 58. Other current liabilities ......................... 26,02,058 25,36,309 .Rents receivable ................... .............. 2,193,6 2, 560, 85 . 25. Other current assets ............................... 8,762,855 6,538,0o 39. Total current liabilities (items 28 to 38) ... 1,940,976,875 1,807,123,492 26. Total current assets (items 14 to 25) ......... 1,334,116,449 1,303,651,99, 40. Tax liability (Account 771): 40-01. U. S. Government taxes ................... 113,974,95 77,033,982 i 40-02. Other than U. S. Government taxes ........ 158,I,455 160,538,854 ANALYSIS bF NET INCOME a/ Month of September 1937 Month of September 1936 For the nine months of 1937 For the nine months of 1956 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net. income a net deficit a net income a net deficit NumberNumber Numbe Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports prt pot reports reports reports 67 $28,201,309 65 $11,991,801 72 $34,962,751 60 $8,481,157 70 $177,399,962 62 $98,677,478 62 $156,822,307 70 $113,109,294 SThe net income as reported includes charges of $3,432,988 for September 1937 and $29,645,7' for the nine months of 1937, 81,449,185 for September 1936 and $13 113,727 for the nine months of 1936 on account of accruals for excise taxes levied under the Social Security Aot of 35; also includes charges and credits resulting in a net charge of 63,332,544 for September 1937 and $16,227,965 for the nine months of 1937, because of provisions of the "Carriers Taxi Act of 1937, approved June 29, 1937 and repeal of the Act of August 29, 1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Publi No. 400, 74th Congress). The charges and credits were not handled in a uniform manner by all the carriers and separate totals are not available. The net income for September 1936 incolu charges of (3,880,889 and for the nine months of 1936 of 27,275,110 under the requirements of an Act approved August 29, 1935, levying an excise tax upon carriers and an income tax upon "heir employees, and for other purposes. (Public No. 400, 74th Congress). * Includes payments which will become due on account of principal of long-term debt (other t n that in Account 764, Funded debt matured unpaid) within six months after close of month of report. # Includes obligations which mature not more than 2 years after date of issue. i SExcludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. _ Deficit or other reverse items. urlWVERSITY OF FLORIDA 3 1262 08851 0689 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS Statement No. M-125 SEPTEMBER 1937 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net Income after depreciation Net income before depreciation Name of railway For the nine months of For the nine months of 197 1936 1931 1936 Alton R. R ............... .................... d $711.430 d 1,.174 689 d 4444.696 d $916,016 Atchison, Topeka & Santa Fe Ry. System/ ......... ,192 3,72,924 14,594,321 12,235,782 Atlantic Coast Line R. R. .......................... 2,4,067 1,062,262 3,921,577 2,653,260 Baltimore & Ohio R. R. .............0............ .43,135 250,077 5,902577 5,79 ,974 Boston & Maine R. R. ........................... 35,l461 d 2.473.858 1,563,505 d 1,244,839 Central of Georgia Ry. ................... ..... .. d t1 d 8920 901,808 d 1.21190 Central R. R. of New Jersey .......................d d 2 71 99d 111 542 d 1,32734 Chesapeake & Ohio Ry ........................... 25,0,947 28,836672 31,411,966 35,154186 Chicago & Eastern Illinois Ry. ...... ...... d 1,764 d 791857 d 182 260 d 349,286 Chicago & North Western Ry. ............. ...... 12 070 d 10,0,538 d 609 1 d 697944 Chicago, Burlington & Quincy R. R. ................ 2,310,049 1,768,528 5,934,166 5,207,107 Chicago Great Western R. R. ......... .......... 4 d 144.988 d 488247 231,747 Chicago, Milwaukee, St. Paul & Pacific R. R"..... 10 7.331216 6,18815 d 8 131,757 Chicago, Rock Island & Pacific Ry.* *............... d Z 2,965 d 11.573.007 4560,23g d 8.359,688 Chicago, St. Paul, Minneapolis & Omaha Ry. ........ d 2,19 49 0d 1.504.60 d 1754,033 d 1,057,660 Delaware & Hudson R. R. ........................... d 5f0.388 d 1.237.417 233,281 d 412,769 Delaware, Lackawanna & Western R.. R. .............. d 7.048 d 91,157 1,518,453 1,070,351 Denver & Rio Grande Western R. R. .* ............... d 4. d 9901 d 41 948 d 3063811 Elgin, Joliet & Eastern Ry. ....................... 1i98,022 1,053,227 2,283,390 1,726,791 Erie R. R. (including Chicago & Erie R. R.) ....... 1,1 ,253 896,965 3,979,072 3,811,314 Grand Trunk Western R. R. .............. ........ d 52.439 d 116.252 255,861 725,995 Great Northern Ry. ............................. 6, 666 9,1 9,682,471 5,960,980 Illinois Central R. R. ............................ d 1,. .98 d 2.498.055 53,321,519 2,409,574 Lehigh Valley R. R ............................... d 9,715 691,26 690,854 2,412,265 Long Island R. R. ....................... ..... d 1.t4.524 d 452,651 d 687.766 421,734 Louisville & Nashville R. R. ...................... 5,7h7,803 6,047,696 8,843,829 9,182,912 Minneapolis, St. Paul & Sault Ste. Marie Ry. ...... d 3.92.632 d 4 57168 .108.427 d 3440 612 Missouri-Kansas-Texas Lines .................... d V 2 d 1 197234 119,911 2 59 Missouri Pacific R. R.*........................... d 5. 7517 6 d 2.514.220 d 4 5 2 New York Central R. R. b/ ........................ 7,25,793 3,501,06 19,274,242 15,444 New York, Chicago & St. Louis R. R. ............... 2, 09,029 1,982,889 ,)237,54 3,140,893 New York, New Haven & Hartford R. R .* ............ d 4. 5141 d 4,814,937 d 2,09752 d 2,235,000 Norfolk & Western Ry. ............................ 23,50,53 2,529,13 27,46529 25,911,886 Northern Pacific Ry. ............................. d 2,081662 d4,1 41 343,829 d 1 78,519 Pennsylvania R.R. ................................ 21,905,151 24,717,827 40,600,673 4 9,77 Pere Marquette Ry. .......... ................. 1,72,572 1,298,374 3,288,608 3,197,959 Pittsburgh & Lake Erie R. R. ...................... 3, 06,205 3,367,553 5,098,086 4,720 778 di72067,553 51099,066 720,778 Reading Co. ..................................... 2 4,482,915 7,5110 6866,27 St. Louis-San Francisco Ry.*.*.. d 4 74 70.601 d 2.492650 d 56 St. Louis Southwestern Lines.*..................... 4 24959 199,14 Seaboard Air Line Ry* ............... .. ..... d 3.574.473 d 5.1157 d 2112071 d 3.704,830 Southern Ry. ..................................... 1196,547 1 640,832 3,541,229 4,076,679 Southern Pacific Transportation System c/ ......... 1,524,380 5,040,589 7,566,198 10,910,982 Texas & Pacific Ry. .............. ......... 1,709,280 1,044,191 2,578,156 1,919,549 Union Pacific RR. ........................ 8,982,521 9,684,538 14,057,793 14,530,858 Wabash Ry. ...... ........... ........ ............ d 2.:15,85 d 1,946.295 d 551,516 d 347725 Yazoo & Mississippi Valley R. R ..................... 618,3 d 30,496 98,15 362,6 Report of receiver or receivers. ** Report of trustee or trustees. / Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. SIncludes Boston & Albany, lessor to New York Centril iR. R. SIncludes Southern Pacific Company and Texas & New Orleans R. R. The operation of all separately operated solely controlled affiliated companies, resulted- in a net deficit of $2,579,473 for nine months of 1937 and $2,585,270 for nine months of 1936. These figures are not reflected in this statement. d Deficit. 154719-0 U. S. GOVERNMENT PRINTING OFFICE: 1937 C 34: 93 70 Subject to revision UNIVERSITY OF FLORIDA lIIIIIIIUIMIII111111IIUII Ill1I 3 1262 088510697 INTERSTATE COMMERCE COMMISSION BUREAU bF STATISTICS SELECTED INCOME AND BAIANCESHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Statement No. M-125 OCTOBER, 1937 Compiled from 135 reports (Form IBS) repemnting 141 steam railway TOTALS FOR THE UNITED STATES (ALL REGIONS) - I For the month of October 1956 1937 $60o,77,446 10o,369,096 71,116,52 1,663,077 69,453,465 10,648,931 40,366,367 223,065 51,238,363 18,215,102 1,020,175 17,194,927 16,737,621 2,799,753 1,260,988 6,231,333 Income Items For the ten 1937 9 .9 g I $89,809,373 11,510,391 101,319,764 1,75,0o88 99,565,676 11,230,627 40,492,200 237,212 5160,039 47,605,637 1,020,175 46,585,462 16,199,501 3,324,161 1,618,363 1,184,779 1. Net railway operating income ..................... 2. Other income ..................................... 3. Total income ................................ 4. Miscellaneous deductions from income .............. 5: Income available for fixed charges .............. Fixed charges: 6-01. Rent for leased roads ..................... 6-02. Interest deductions ...................... 6-03. Other deductions .......................... 6-04. Total fixed charges ................. 7. Income after fixed charges ...................... 8Contingent charges ............................... 9. Net income 4 .............................. 10. Depreciation (Way and structures and Equipment) ... 11. Federal income taxes ............................. 12. Dividend appropriations: 12-01. On common stock .......................... 12-02. On preferred stock ....................... 6530,770,021 112,452,173 643 ,202,194 16,881,770 626,320,424 110,339,807 405,868,932 2,306,927 518,515,666 107,804,758 10,265,135 97,539,623 163,621,962 31,771,716 73,845,241 20,633,432 months of 1936 $524,292,105 119634,4 8 643,926,543 16,891,399 627,035,14 ll0,897,527 413,401,306 2,282,699 526,581,5:2 100o,45,612 10,155,135 90,298,477 161,357,364 23,393,050 65,421,307 18,413,186 Balance at end of October Balance at end of October Selected Asset Items 17 19Selected Liability Items197 1 1937 1936 __________________1937 1936 13. Investments in stocks, bonds, etc., other than those 27. Funded debt maturing within 6 months* ............. $84 ,544,668 $135,195,839 of affiliated companies (Total, Account 707) ..... 8693.023.591 681.844.92 , 28. Loans and bills payable# .......................... 210,062,762 217,826,952 14. Cash ............................................... 464,197,370 554,817,36 29. Traffic and car-service balances payable .......... 88,130,321 87,119,75 15. Demand loans and deposits ........................ 18,564,793 19,089,247 30. Audited accounts and wages payable ................ 264,58,313 25,142,055 1. Time drafts and deposits ........................ 39,57,91 40,50,519 31. Miscellaneous accounts payable .................... 102,760, 109,916,669 17. Special deposits ................................... ,122 109,385,885 32. Interest matured unpaid .......................... 633,047,752 516,85',535 18. Loans and bills receivable ......................... 10,676, 2,690,689 3. Dividends matured unpaid ...................... ,397,675 36,339 19. Traffic and car-service balances receivable ........ 65,361,849 67,819,537 Funded debt matured unpaid ....................... 64,198,66 78,72,80 20. Net balance receivable from agents and conductors .. 53,509,902 ,535,397 5. Unmatured dividends declared ......................6,63,275 1,27,26 21. Miscellaneous accounts receivable ................. 143,538,400 148,402,128 36. Unmatured interest accrued .................. .... 105,93,056 107,080,327 22. Materials and supplies ........................... ,376,045 294,507,85 Umaatured rents accrued .......................... 38,002,15 37737,2 2. Interest and dividends receivable .................. 23,716,104 30,5857 Other current liabilities ........................ 25,302,986 27,239,794 2. Rents receivable ................................. 2,297,911 2,796,975 25. Other current assets .............................. 9,284,612 6,60,169 39. Total current liabilities (items 28 to 38) ... 1,941,297,501 1,820,252,369 26. Total current assets (items 34 to 25) ......... 1,339,693,359 1,331,314,284 40. Tax liability (Account 771): 40-01. U. S. Government taxes ................... 117,074,022 86,508,831 40-02. Other than U. S. Government taxes ........ 159,515,340 156,040,238 ANALYSIS OF NET INCOME aj Month of October 1937 Month of October 1936 For the ten months of 1937 For the ten months of 1936 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a net deficit Nber umber Numbre Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports report repo reptsepots 72 $27,581,620 60 $10,386,693 88 $50,839,667 44 $4,254,205 70 $204,104,727 62 $106,565,104 65 $201,820,063 67 $111,521,586 i The net income as reported includes charges of $3,158,962 for October 1937 and $33,104,616 for the ten months of 1937, $1,562,789 for October 1936 and $14,676,483 for the ten months of 1936 on account of accruals for excise taxes levied under the Social Security Act of 1935; also includes charges and credits resulting in a net charge of $3,555,577 for October 1937 and $20,022,323 for the ten months of 1937, because of provisions of the "Carriers Taxing Act of 1937', approved June 29, 1937 and repeal of the Act of August 29, 1935, levy- ing an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 400, 74th Congress). The charges and credits were not handled in a uni- form manner by all the carriers and separate totals are not available. The net income for October 1936 includes charges at 4,576,115 and for the ten months of 1936 of 831,880,348 under the requirements of an Act approved August 29, 1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 400, 74the Congress). * Includes payments which will become due on account of principal of long-term debt (other than that hi Account 764, Funded debt matured unpaid) within six months after close of month of report. # Includes obligations which mature not more than 2 years after date of issue. a/ Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. I ", I I 1, 17 1.. ., I ~ll~ii INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTCS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net income after depreciation Net income before depreciation Name of railway For the ten months of For the ten months of 1937 1936 1937 1936 Alton R. .. ....................................... d 1709,828 d $1.171.072 d $412,475 d $883.226 Atchison, Topeka & Santa Fe Ry. System a/ ......... 6,390,393 5,361,831 15,918,365 14,814,647 Atlantic Coast Line R. R. ......................... 2,196,800 902,928 3,882,503 2,667,121 Baltimore & Ohio R. R. ............................ 57,363 1,1,058 6,60079 7,549,872 Boston & Maine R. R .............................. 221,40 d 2.215.866 1,563,689 d 852,090 Central of Georgia Ry.e ........................... d 1 840.181 d 1,840,887 d 1.177 020 d 1.198,841 Central R. R. of New Jersey ....................... d1 43 05 d 50 101 6 Chesapeake & Ohio Ry. ............................. 29,4071737 ,2 7 41,454 3 Chicago & Eastern Illinois Ry.*t..................... 6296985 d48 d 206,033 Chicago & North Western Ry................... ....... d 12,59654 9,343560 d 8,29,20 d 5.231,716 Chicago, Burlington & Quincy R. R ................ 3,322,655 3,373,418 7,359,347 7,196,630 Chicago Great Western R. R.* ...................... d 856,047 d 35.741 476,503 Chicago, Milwaukee, St. Paul & Pacific R. R.** ..... d 5. d 12.222, d .10 d 7.753.901 Chicago, Rock Island & Pacific Ry.* ..........:...T... 8 44 12,341.80 4832g960 d 8780165 Chicago, St. Paul, Minneapolis & Omaha Ry. ........ d 229018 0 1,563,737 d 1801,b46 d 1067,b 0 Delaware & Hudson R. R. ........................... d 613.898 d 1,141.51 267,479 d 226,.99 Delaware, Lackawanna & Western R. R. .............. d 2 662591 1,835,473 1,596,72 Denver & Rio Grande Western R. R* ................. d 5.0. 3,6169 d 4109 5 d 2,55770 Elgin, Joliet & Eastern Ry. ........................ 01 1,198,42,31,268 1,9"6,13 Brie R. R. (including Chicago & Erie R. R.) ....... 1,527,033 1,674,109 4,701,285 4,913,990 Grand Trunk Western R. R. ......................... d 622,64 d 271.249 247,450 659,817 Great Northerp Ry. ............................... a8,800,25 11,835,523 9,386,081 Illinois Central R. R. ............................ d 65.7 d 1,806.60 4,821,152 3,638,019 Lehigh Valley R. R. ............................... d 909.2- 1,112,007 964,143 3,023,198 Long Island R. R. ................................. d 1.759,612 d 721,900 d 785,919 250,030 Louisville & Nashville R. K. ...................... 6,595,091 7,454,948 10,073,594 10,938,316 Minneapolis, St. Paul & Sault Ste. Marie Ry. ........ d 4.349.833 d4.613.147 d 3.366632 d 3.595.622 Missouri-Kansas-Texas Lines ........................ d 1047454 d ,0 d 54515 227,507 Missouri Pacific R. R** ........................... d 6 j! 777 d 70 232,024 d 4194.948 New York Central R. R. b/ ......................... 7 .,443 b,117,663 20,794,426 19,620,92 New York, Chicago & St. Louis R. R ........... .. 2,130,978 2,387,547 3,500,715 3,674,509 New York, New Haven & Hartford R. RP............... 2. 44456 d 2739212 d 1581 Norfolk & Western Ry. ............................ 5 2616,420 30,8,516 31 Northern Pacific Ry. ............................. d 1,600.779 d 3.012,116 1,101,993 d 392,668 Pennsylvania R. R.................................. 26,969,691 30.1629464 7,89032 462309 Pere Marquette Ry. ... ........................ 1,628,810 1,777,589 3,760,431 3,888,326 Pittsburgh & Lake Erie R. R. ...................... 3,897,632 3,75,569 5,486,671 5,258,185 Reading Co. ...................................... 6,134,661 5,379,368 8,714,776 8,024,379 St. Louis-San Francisco RyP* ....................... d i5.479.366 d 5,814.232 d 2,850711 d .134,196 St. Louis Southwestern Lines 0................ d 580.10 d 120.534 d 180852 383,882 Seaboard Air Line RyP ............................. d 4.243.565 d 541.517 2.612.5 d 8508 Southern Ry. .........................................1 04996 2,500,899 3, ,172 5,207,417 Southern Pacific Transportation System 0/ ......... 2,161,027 8,188,250 8,893,999 14,702,756 Texas & Pacific Ry. ............................... 1,945,246 1,383,833 2,907,259 2,356,096 Union Pacific R. R. ..............................12326,12 2 14,14,786 17,989,416 19,531,855 Wabash Ry ...................................... d 2,514,894 d 1,865,604 d 728,220 d 90,391 Yasoo & Mississippi Valley R. R. ................... 878,988 171,803 1,291,086 612,97 Report of receiver or receivers. ** Report of trustee or trustees. I/ includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. / Includes Boston & Albany, lessor to New York Central R. R. c/ Includes Southern Pacific Company, Texas & New Orleans R.R., and Leased Lines. The report contains the following information: 'Inome reported hereon excludes offsetting debits and credits for rent for leased roads and equip- ment, and bond interest, between companies included herein; also excludes dividends received from certain separately operated solely controlled affiliated companies during period January lto October 31, 1937, of $170,000 for the reason that the offsetting charges by such companies are made against profit and loss and therefore would not be offset in the net deficit of such companies. Operations of all separately operated solely controlled affiliated companies, resulted in a net deficit of $2,985,178 for the ten months ended October 31, 1937 and $2,875,500 for the ten months ended October 31, 1936, which is not reflected in this statement. Interest on bonds of, and rental income from, separately operated solely controlled affiliated companies, whether earned or not, are included in this statement, in order that such income credits will offset income debits reflected in the net deficit of such companies mentioned hereinbefore." d Deficit. 154719-0 U.S. GOVERNMENT PRINTIIG OFFICE: 9137 Sub-jet to revision Subject to revision UNIVERSITY OF FLORIDA 3I 1 0lll5 0IllIII III l5lii111111 111111l 111 3 1262 08851 0705 INTERSTATE COMMERCE CbMMISSION BUREAU F STATISTICS Statement No. M-12S NOVEMBER, 1937 SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled fr 15 repor (FornIBS) reprenting 141 steam railways TOTALS FOR THE UNITED STATES (ALL REGIONS) M.iL IONS n OF NET INCOME DOLL ARS T l[ I III I' I f It ril T l i II i-r II II 60 -- --------------- 20 -- -- 1-0 A I I I I I 1 1 I l i l i 1 1 1 n 1 1 1 1 I 1935 1936 1937 For the month of November 1937 10,238,674 16,570,103 41,:o99 216,821 52,060435 d 56.669,922 905,916 d 6.565,838 16,570,103 1,184,721 39,120,844 5,539,082 *7r,37 6,5a 83,214,147 11,084,169 40,778,816 236,363 52,099,314 31,114,799 920,916 30,193,883 16,036,496 3,732,430 Income Items For the eleven months of 1937 I ~ I TI 1. 1. Net railway operating income ...................... 2. Other income ...................... ........... 3. Total income ................................. 4. Miscellaneous deductions from income ............. Income available for fixed charges .............. SFixed charges: 6-01. Rent for leased roads ..................... 6-02. Interest deductions ..................... 6-:0. Other deductions ....................... 6-04. Total fixed charges .................. 7. Income after fixed charges ..................... 8Contingent charges ............................... 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 ....................... (56, 210,940 128le 6,342 691,307,282 18,586,347' 672,720,935 120,578,481 447,473.871 2,523,748 570,76,100 102,144,835 11,171,051 90,973,784 180,192,065 32,956,663 11l,226,292 26,172,515 1936 0596.668,624 152,119,702 . 728,78.326 18,539,036 710,249,290 121,981,67 45400,SO 9 2,519,061 78,680,877 31,568,413 11,076,051 120,492,362 177,393,860 27,207,163 99,697,494 26,317,950 Balance at end of November Balance at end of November Selected Asset Items197 1 Selected Liability Items197 1 1937 1956 __________________ 1957 1956 153 Investments in stocks, bonds, etc., other than those 27. Funded debt maturing within 6 months* ............. $93,453,013 $169,481,986 of affiliated companies (Total, Account 707) ..... .686,52,181 $680220,3 ... 28. Loans and bills payable# .......................... 211,578,226 216,403,914 114. Cash ............................................... 49,071,321 556,1,304 29. Traffic and car-service balances payable ......... 78,886,152 86,39522 1. Demand loans and deposits ........................ 17,048,268 21,689,247 30. Audited accounts and wages payable ................ 30,135,488 245,04,996 16. Time drafts and deposits ........................... 38,616,837 36,648,437 31. Miscellaneous accounts payable .................... 68,981,798 17,10,25 17. Special deposits .................................83,761,11 104,34,33 52. Interest matured unpaid .......................... 632,012,210 517, 671 18. Loans and bills receivable ......................... 10495,2 2,619,220 Dividends matured unpaid .......................... 1,818,400 2,177,035 19. Traffic and car-service balances receivable ........ 58,794,091 67,577,14 Funded debt matured unpaid........................ 464,797,72 474,70,17 20. Net balance receivable from agents and conductors .. 51385,583 60,071,347 35: Unmatured dividends declared ................... 47,235,405 38,391,250 21. Miscellaneous accounts receivable .................. 13,224,673 148,227,377 6. Unmatured interest accrued ........................ 120,49628 19,832,48 22. Materials and supplies ............................. 383,661,332 297,703,076 7. Unmatured rents accrued .......................... 9,516,8 40, ,37 25. Interest and dividends receivable .................. 29,49,812 35,48924 3. Other current liabilities ...................... ,6004 24, 7,67 8 Rents receivable ................................... 2,346,621 2,985,615 25. Other current assets ............................... 8,930,900 6,411,307 39. Total current liabilities (items 28 to 38) ... 1,988,124,071 1,883,331,967 26. Total current assets (items 14 to 25) ......... 1,277,795,798 1,340,453,030 40. Tax liability (Account 771): S 40-01. U. S. Government taxes .................. 75,956,886 6,09,61 40-02. Other than U. S. Government taxes ........ 15,6,220 1,3,544 ANALYSIS O NET INCOME a/ Month of November 1937 Month of November 1936 For the eleven months of 1937 For the eleven months of 1936 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a net deficit Number Number Number be Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports reports reportsreports report 52 $13,184,306 80 $19,750,144 86 $36,608,943 46 $6,415,060 68 $212,816,568 64 $121,842,784 66 $235,523,553 66 $115,031,191 SThe net income as reported includes charges of $3,281,312 for November 1937 and $36,386,013 for the eleven months of 1937, 11,512,398 for November 1936 and $16,189,363 for the eleven months of 1936 on account of accruals for excise taxes levied under the Social Security Act of 1935; also includes charges and credits resulting in a net charge of $3,260,482 for November 1937 and $23,282,718 for the eleven months of 1937, because of provisions of the Carriers Taxing Act of 1937 approved June 29, 1937 andrepeal of the Act of August 29, 1935, levying an excise tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 400, 74th Conress). The charges and credits were not handled in a uniform manner by all the carriers and separate totals are not available. The net income for November 1936 includes charges of 14,218,163 and for the eleven months of 1936 of $35,075,455 under the requirements of an Act approved August 29, 1935, levying an exoite tax upon carriers and an income tax upon their employees, and for other purposes. (Public No. 400, 74th Congress). * Includes payments which will become due on aooount of principal of long-term debt (other than that in Aooount 764, Funded debt matured unpaid) within six months after close of month of report. # Includes obligations which mature not more than 2 years after date of issue. a/ Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. I Deficit or other reverse items. I 'I 1936 .. ...... .. .... .... iLi i = i ... .. .. . 34,276,187 7,904,76 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000. Net income after depreciation Net income before depreciation Name of railway For the eleven months of For the eleven months of 1937 1936 1957 1936 Alton R. R. ..................................... ...$44,622 d $1.08.418 ad 516,627 d $766.403 Atchison, Topeka & Santa Fe Ry. System a/ ......... 6,401,032 6,905,784 16,909722 17,301,047 Atlantic Coast Line R. R. ........................ 2,723,634 2,008,338 4,576,145 3,945,331 Baltimore & Ohio R. R ......................... 332,996 2,138,073 6,971,21 8,894,962 Boston & Maine R. R. .................. ... ......... d 9254 d 2.078.359 1,383,133 d 581.530 Central of Georgia Ry ......................... d 211,3174 d 1.963,484 d 1.398.785 d 1.255.493 Central R. R. of New Jersey ....................... 1 680.06 d 2,810.941 d 56.244 d 1.414.528 Chesapeake & Ohio Ry. .......................... 31,745,756 39,22,660 39,325,212 7,014,11 Chicago & Eastern Illinois Ry ................... d d 6047 62 d 64.960 Chicago & North Western Ry.*...................... d 1.726,09 d 9,474,088 91 3 10 4,954,813 Chicago, Burlington & Quincy R. R. ................ 4,016,770 4,272,304 8,457,053 8,482,847 Chicago Great Western R. R.*t....................... d 97.531 160,726 d 408650 624,921 Chicago, Milwaukee, St. Paul & Pacific R..R-*..... d 12.806 468 d 12.969845 7 2 d g806.6241 Chicago, Rock Island & Pacific Ry.* .........,...... d ,159,190 t 5, 08,760 d 9,114:604 Chicago, St. Paul, Minneapolis & Omaha Ry. ........ d 2.430,829 d 1,782774 d 1,886,751 d 1,27.,537 Delaware & Hudson R. R. ......... ...... ...... d 757566 d 1,066266 211,347 d 62,097 Delaware, Lackawanna & Western R. R. .............. d 37 d 37496 1,727,087 2,069,411 Denver & Rio Grande Western R. R.*+ ................ d 5.31,762 d d .725.110 d 4,371.51 d 2,668,079 Elgin, Joliet & Eastern Ry. ........................ 1,62,110 1,406,36 2,506,152 2,228,099 Erie R. R. (including Chicago & Erie R. R.) ....... 610,311 2,017,176 4,100,492 5,583,100 Grand Trunk Western R. R. ......................... d 45,798 d 230.087 126,640 791,357 Great Northern Ry. ................................ 9,215,999 6,670,062 12,562,152 10,025,258 Illinois Central R. R. ............................. 192,005 d 1156028 5,517,247 4,824,066 Lehigh Valley R. R. ............................... d 1.222,612 1,281,949 835,6 3,381,870 Long Island R. R. ............................ 2,081,702 d 936,984 d 1,011,099 132,496 Louisville & Nashville R. R. ....................... 6,890,732 8,648,930 10,733,935 12,480,469 Minneapolis, St. Paul & Sault Ste. Marie Ry. ...... d 4.898 0 d 5,052,784 d 3.813793 d 3,931,158 Missouri-Kansas-Texas Lines ..................... d 1,416421 d 51061 d 319264 599,112 Missouri Pacific R. R. ............................ d 7. 88,75 d 8,268.911 d 3,522,731 d 4,390,273 New York Central R. R. / ......................... 6,903,378 ,374,36 21,654,033 23,2b6,493 New York, Chicago & St. Louis R. R. .............. 2,424,945 2,660,925 3,937,207 4,081,797 New York, New Haven & Hartford R. R.*H............. d 6.545000 d4.091865 d 3.452.963 d 945,056 Norfolk & Western Ry. ......................... 29,428,005 29,959,304 33,851,536 34,110,464 Northern Pacific Ry ........................... d 1966.945 d 29762.950 1,016,616 115,200 Pennsylvania R. R. ................................ 26,743401 33,730691 49,641,101 53,983,271 Pere Marquette Ry. .......................... 1,661,901 2,150,101 4,010,819 4,476,325 Pittsburgh & Lake Erie R. R ...................... 4,000,628 4,227,285 5,784,686 5,868,86 Reading Co. ....................................... 6,383,191 5,951,46 9,219,969 8,857,758 St. Louis-San Francisco Ry.*?...................... d 6517582 d 6.183.485 d 3.61.925 d 3,237,132 St. Louis Southwestern Lines** .................... d 827,260 97,462 d 278,54457,326 Seaboard Air Line Ry............... ............... d 915,242 d 5.665.091 d 5.115.113 d 3.98.,631 Southern Ry. ..................................... 756,265 3,1o0,923 3,613339 6,o78,103 Southern Pacific Transportation System / ......... 1,122,601 10,450,706 8,543,983 17,607,009 Texas & Pacific Ry. ............................. 2,374,505 1,955,043 331,349 3,024,173 Union Picific R. R. (including leased lines) ...... 14,745,03 17,242,471 21,002,229 23,185,689 Wabash R*d 2,882,421 d 1.4,514 d 916.450 204,509 Wabash Ry.* ........................................ d 2,52421 d 16, 50 204,509 Yazoo & Mississippi Valley R. R. ............... 1,205,201 82,22 1,660,795 1,167,655 * Report of receiver or receivers. ** Report of trustee or trustees. a/ Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. b/ Includes Boston & Albany, lessor to New York Central R. R. c/ Includes Southern Pacific Company, Texas & New Orleans R. R., and leased lines. The report contains the following information: "Income reported hereon excludes offsetting debits and credits for rent for leased roads and equip- ment, and bond interest, between companies included herein; also excludes dividends received from certain separately operated solely controlled affiliated companies during period January 1 to November 30, 1937, of $170,000 for the reason that the offsetting charges by such companies are made against profit and loss and therefore would not be offset in the net deficit of such companies. Operations of all separately operated solely controlled affiliated companies, resulted in a net deficit of $3,381,929 for the eleven months ended November 30, 1937 and $3,220,370 for the eleven months ended November 30, 1936, which is not reflected in this statement. Interest on bonds of, and rental income from, separately operated solely controlled affiliated companies, whether earned or not, are included in this statement, in order that such income credits will offset income debits reflected in the net deficit of such companies mentioned hereinbefore." d Deficit. 154719-0 U. S. GOVERNMENT PRINTING OFFICE: 1938 |