RAILWAY TRANSPORTATION 519
The total operating revenues of Class I carriers in 1925 amounted
to $6,120,000,000, 3.4 per cent more than the 1924 total and 91.6
greater than in 1913-14, but very slightly less than in 1923 (Table
10). The operating revenues of the southern district increased 8
per cent over 1924, a decidedly greater ratio than shown by the other
districts.
The total operating expenses in 1925 were $4,536,000,000, or about
$27,900,000 greater than in the preceding year. In the western
district there was a decrease in operating expenses, and in the eastern
and southern districts a greater increase appeared in operating
revenues than in operating expenses.
The operating ratio in 1925 was reduced to 74.11 per cent from
76.14 in 1924 and from a maximum of 94.32 per cent for 1920; the
ratio had been 72.83 in 1913-14. The ratio for the southern district
was lower than in 1924 by over 8 points, and for the first
time since 1918 was less than the ratio for the western district.
Table 10.—Operating Finances of Class I Railways! by Districts
{Millions of dollars]
Operating revenues
Operating expenses
Year 2
912-14 (average).....
An EHR Tv
emer
NY) ctcaanmen——— oan
a
994. je
O25 or ccacammaae
Per cent change
from 1024.
[912-14 (average). ....
B18: ne necmmmmmimmen
1917 me eeecmamn
“IR emma
Ie: SR
01%, mwas
1 SN
Per cent change
from 1924
Total
Eastern
Southern | Western '
2,982
3, 697
014
{881
5,145
3, 178
"517
5, 550
3, 200
5, 921
5 120
L, 324
, 622
1785
2 207
2 282
% 747
2, 461
> 517
&
151
523
306
85
306
377
877
1F
1,207
1, 452
1,623
1, 890
> 057 |
2, 454
9,179
% 127
209
3, 231
«261
+1 4
Ja
o
Net railway operating income ?
719
{, 040
934
339
i
Ir
-fy
1
282
117
324
192
"25
“tr
10
167
171
‘39
328
'56
:
x
233
%
+15 0
dy
fd edt
Total | Eastern | Southern | Western
817
915
1,078
1,479
L, 672
2, 187
1,740
i, 646
1,764
1,671
1, 659
+.7
Ratio of expenses to revenues (per cent)
2,112
2, 357
2,829
2,082
4, 400
A, 828
* 563
elf
“805
“0f
970
1,102
I) 338
1, 892
), 023
2.728
“N83
c0
ny
325
3¢n
41”
=H
70. 84
65. 54
70. 48
81. 58
85. 52
04.3%
‘2.71
73.28
87.97
74.97
85.76
8. 66
9, 90
Tt 5
&i
72.07
65.02
68. 04
77.76
87.35
3.42
La
42
67.70
63. 01
66. 46
78.30
31. 32
10.12
9. 86
77.38
6. 39
74.90
ag Om
6s
bY:
1
PP
: Excluding switching and terminal es .
gars ended June 30, 1912-1914; others calendar years. CL . .
® Obtained by deducting from railway operating revenues the following items: Railway Spomng exbenses,
railway tax accruals, uneollectible railway revenues. aud net eauipment and ioint facility rents,
¢ Deficit,
Source: Interstata Commerce Commission.
The net railway operating income for 1925, $1,120,000,000, was a
record figure and 15 per cent greater than in 1924. The increases
