Word: netted
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...example, Southern Pacific Co., first road to report its August figures, last week revealed gross revenues up $1,831,300 over 3 years ago but net operating income down...
...sold." Since Coronet carries no advertising, depending solely on its 35? price to carry it, its circulation is not yet audited by the Audit Bureau of Circulations but last week the company claimed 400,000. For the six months ending in March, according to the prospectus, Coronet had a net income of $115,600. Esquire-Coronet, Inc.'s net income for the year ending in March...
...rate schedule on the basis solely of operation costs because these vary strikingly in different territories. And some railroaders assert that the traffic may not be willing to bear a sizable rate rise. In any case, as a whole the U. S. railroads are desperately in need of more net income, although last year, after deduction of $500,000,000 fixed charges it amounted to $164,0130,000, a gain of 200% over 1935. This was due largely to a 15% rise in freight traffic. Assuming that this rate of increase would continue, the I.C.C. on January i discontinued...
...first six months of 1937 net earnings reached $528,000,000 against $451,000,000 last year. But since March the increase in earnings has been slowing down. Spurting sharply in January, February and March, revenues then slumped under the impact of floods and strikes. In June net earnings actually dropped below those of June 1936. Freight loadings in the first quarter were up 15.5%, in the second quarter 12.9%, in July 7.2% and in the first two weeks of August only...
...these increases went into effect, they would cost the roads $639,000,000, or 95% of last year's net operating income. One-third of U. S. railroads are already bankrupt and others hard-pressed to meet their fixed charges alone. Said Railway Age: "Unless the series of developments now rapidly tending to bankrupt virtually the entire railway system of the U. S. is immediately arrested, the American people may suddenly awaken to a realization that government ownership and operation of railways have become almost or actually unavoidable...