516 COMMERCE YEARBOOK shipments being heavier during the first 6 months. A heavier movement of coal occurred in 1925 than in 1924. The ore shipments fluctuated as usual, the heaviest movement coming in the third quarter. An important change was evidenced by increased merchandise (less than carloads) and miscellaneous shipments. This shows more quick order buying as a result of fast and efficient delivery by the carrier. As compared with 1921 when the service was much slower and not so dependable, total carloadings in 1925 were greater by about 12,000,000 cars; merchandise (less than carloads) loadings increased over 2,000,000 and miscellaneous over 6,000,000 during this period. This shows rather conclusively the efficiency in rail transportation during the last few years. Table 7.—Car Loadings (Revenue Freight), by Commodity Groups, Class I Railways [Thousands of carloads] Period Oc eee “er cent change from 924 1924 January-March____._._.___. APrI-InNe. coving gs July-September. ._....__.... October-December... 1925 January-March. _........... April-June... oo. o.oo... July-September... ......_. Detober-December. oo ooo. Total 39,323 13, 208 19,812 18, 534 31. 178 | LR 4 . 588 597 , 516 2 832 , 765 5 532 , 549 » Bay 3rain and orodnets 2,293 2, 453 2,276 2,571 2.300 —-1{} B 582 105 748 745 564 459 645 R32 Liveatock 1,497 1, 626 68 1,753 1.635 ~~). 432 391 417 513 414 352 386 483 Forest products Coal 2,488 2,016 3,745 3, 667 3 741 7,975 7,384 9, 504 8, 537 3 866 +201 43.0 085 947 852 RR 2,390 1,719 2,035 2 393 085 986 885 R75 2, 272 I, 932 2,303 2 259 Merrhan- (less shan car Lots) Coke + Ore 317 188 717 518 £24 907 1,590 2,342 1.679 2 019 {1,010 1, 826 12,165 12, 520 13. 171 4-20. 5 420.3 45.2 165 120 98 135 127 563 665 294 | 3,028 3,176 3,117 3,189 170 141 3,146 130 653 | 3,333 131 | 796 | 3,328 193 420 | 3.384 Mis cellaneous 12, 836 14, 925 17, 295 17,239 18.821 180 3,876 4, 186 4, 586 4 641 1,073 4, 686 5, 065 t. 007 Sotirce: Ameriean Railwav Association. RATES AND FARES Since the reductions of 1922 no sweeping changes have occurred in freight rates or passenger fares, and in 1925 there were few changes of importance even in individual rates. Slight adjustments in rates were made within restricted territories on certain commodities. For the most part, therefore, changes in total railroad revenues during the last few years reflect changes in volume, distance hauled, or character of freight and passenger traffic. Freight rates in 1925 were about 16 per cent lower than in 1921 based upon ton-mile revenues. Had the 1921 ton-mile revenue average applied in 1925, the operating revenues would have been approximately $730,000,000 creater.,