520 COMMERCE YEARBOOK 
for the three districts reflect the respective changes in the ratio of 
expenses t0 revenues. The southern district showed a gain of 22.4 
per cent, the eastern 16.3 per cent, and the western 9.7 per cent. The 
net railway operating income in 1925 was about 55 per cent greater 
than the average for the three fiscal years ended June 30, 1914. 
However, it was derived from gross operating revenues more than 
double the pre-war figure. 
Increased economy in operation is evident from these data. The 
net railway operating income of Class I roads in 1925 was 5.9 per 
cent of the aggregate tentative valuation ($18,900,000,000) of the 
steam railway property of the carriers subject to the transportation act, 
1920. In 1924 this ratio was almost 5.2 per cent. For the southern 
district the 1925 ratio was 11.9 per cent, as compared with 9.8 in 
1924; for the western district, 5 per cent as compared with 4.6; and 
for the eastern district 5.4 per cent as compared with 4.5. 
Table 11.—Operating Revenues and Net Railway Operating Income of Class I 
Railways, by Months! 
[Thousands of dollars] 
Period 
1923 
Fanuary... _....... 
Tebruary.-._..__... 
March... ___. 
april. 
Mayan 
une. _ oo 
ILE iiss cm 
ABZOBE uc imme 
September... _._. 
October _..._..... 
November... .__ 
December.___.___._ 
1924 
[BOOTY cna ininnn 
February_....___.. 
March... ..._ 
SPIEL wv ten armen 
AY canummnevnnnana 
fune. oo... __.._. 
PLY. oo mmmiinniins 
Augusto cee 
September. ......_. 
October. .vweaene.. 
November.._..__. 
Dace’ - 
1925 
[onUarY. ocean. 
February. amma. 
March... ene... 
AD ememammn 
MAF cn ma senna 
Tr 
IY nvuuei  manaws 
Auguste o coon. 
September. .o...... 
OCEODRL aw mmmmmc en 
November. - ooo. 
December. __._____. 
Operating revenues 
Total ' Eastern | Southern 
502, 542 
146, 949 
535, 826 
503, 304 
545, 113 
41. 399 
234, 127 
200, 442 
256, 532 
954, 113 
269, 585 
565. O15 
85, 205 
79,125 
02,413 
88, 543 
39, 579 
4’ OTR 
536, 307 
564, 529 
546, 062 
587, 014 
531, 989 
494’ 815 
259, 181 
268, 573 
247, 568 
262, 972 
236, 537 
295 64d 
32,997 
36, 279 
35,100 
31,710 
36, 544 
35 795 
168, 986 
179, 454 
505, 371 
175, 232 
477, 520 
$65. 870 
215, 798 
221, 786 
137, 651 
221, 355 
221, 853 
014. 781 
33, 680 
35, 045 
1,190 
34, 43] 
32, 696 
77 200 
£81, 826 
508, 506 
541, 047 
572, 872 
505, 889 
505. 176 
220, 852 
228, 968 
236, 983 
247,499 
218, 973 
203 017 
78,346 
32,180 
35,292 
91, 800 
87, 628 
04.437 
484,774 
154, 998 
186, 485 
173,497 
188, 683 
506. 808 
219, 450 
208, 873 
223, 491 
222, 567 
230, 296 
34. 7192 
98, 273 
35, 769 
n, 47 
36, 283 
36, 439 
36. 213 
522,427 
555, 367 
565, 452 
91,313 
32,82; 
x04. 007 
242,117 
255, 328 
Md, 712 
252, 900 
:31, 406 
231. 464 
37, 66¢ 
M, 056 
28,010 
04,278 
97, 555 
100. 445 
Western 
183, 210 
158,382 
186, 881 
(80, 648 
188, 949 
191 335 
184, 129 
209, 677 
213, 304 
233, 232 
208, 908 
183 945 
169, 508 
70,723 
76, 530 
169, 396 
173, 180 
173. 500 
182, 628 
197, 353 
118,772 
233,573 
199, 288 
187 799 
77,051 
60, 354 
71, 247 
34, 847 
71, 948 
85 RRA 
192, 647 
205, 982 
222, 73 
“34, 19¢ 
23,830 
109 (00% 
Net railway operating income 
Total 
Eastern 
Southern | Western 
61,120 
39, 275 
84,124 
33,515 
00, 321 
a8. 973 
22, 347 
(4, 950 
10, 215 
13, 630 
19, 754 
18 ERE 
(5, 001 
13,245 
'8,043 
7,301 
16,238 
12’ 17. 
23, 780 
11, 079 
24, 066 
39, 585 
2, 328 
28. 530 
84, 035 
98, 934 
02,476 
03, 776 
86, 776 
70. 048 
13, 702 
17,254 
33,321 
34, 050 
29, 037 
04’ 420 
12,3819 
‘3, 614 
3,757 
15, 492 
3, 027 
15. 344 
28, 914 
38, 067 
15, 308 
54, 234 
44,712 
20 070) 
51, 387 
71, 6056 
30,320 
32, 200 
30, 930 
RS. B01 
21,445 
20, 368 
36, 805 
30, 537 
31,011 
30 4668 
3,192 
7,652 
8, 640 
4,933 
3,006 
1.899 
18, 750 
24, 085 
24, 875 
16, 829 
15, 923 
0a’ E12 
74, 368 
95,707 
117,018 
97,223 
93,396 
<8. 695 
34,035 
42, 158 
16, 322 
16, 314 
32,138 
29 504 
12, 521 
5, 589 
1010 
9,332 
i7, 662 
21’ 899 
27,812 
37, 067 
52, 686 
B1, 677 
13, 596 
39’ 360 
65, 842 
34, 620 
73,117 
36, 109 
5, 857 
31. 751 
25, 937 
27,700 
1,839 
4, 963 
30, 284 
12 8R1 
16, 464 
'8, 007 
0,356 
6,134 
6,251 
» 0R4 
23,441 
19,123 
20, 922 
15,102 
20, 322 
20 0Ra 
39, 463 
24, 805 
“4, 585 
27,700 
3,043 
04. 667 
17, 556 
“6, 830 
1,414 
19, 045 
28, 71¢ 
35 B74 
.8,316 
2,712 
4,784 
*5, 126 
1,452 
21.984 
33, 591 
45, 144 
58, 387 
63, 529 
46, 775 
27’ 100 
! Preliminary, hence data do not always agree with yearly figures shown in other tables. 
Nource: Interstate Commerce Commission.