EXHIBIT No. 1

INCOME ACCOUNT FOR THE YEAR ENDED DECE^5BER 31, 1929,

COMPARED WITH PREVIOUS YEAR
 


 

1929
 

1928
 

Increase
 

Decrease
 

RAILROAD REVENUES:
 

$8,294,277.40
240,000.00
286,356.61
58,155.77
82,346.00
3,520.77
 

$8,315,431.50
240,000.00
274,534.66
32,500.08
59,343.56
3,698.49
 

$11,821.95
25,655.69
23,002.44
 

$ 21,154.10
177.72
 


 

Other car and station privileges.......................

Rent of buildings and other property ..........

Miscellaneous transportation revenue
 


 

$8,964,656.55
 

$8,925,508.29
 

$39,14826
 


 


 

540,898.51
526,789.06
657,293.40
1,712,007.35
363,786.75
 

$  597,884.23

520,174.79

757,323.85

1,681,282.78

350,515.10
 

$ 6,614.27

30,724.57
13,271.65
 

$ 56,985.72
100,03045
 


 


 


 


 


 

Total railroad operating expenses...
 

$3,800,775.07
 

$3,907,180.75
 


 

$106,405.68
 

$5,163,881.48
950,433.58
 

$5,018,327.54
1,008,95829
 

$145,553.94
 

$ 58524.71
 


 

Railroad operating income...........................

Net income, other than railroad operations.
Operating  income...............................................
 

$4,213,447.90
1,613,990.59
 

$4,009,369.25
1,554,682.69
 

$204,078.65
59,307.90
 


 

$5,827,438.49
442,221.44
 

$5,564,051.94
399,231.42
 

$263,386.55
42,990.02
 


 

Gross income.........................................................

Income  Deductions  other  than  Bond  Interest;

Interest on real estate mortgage..........

Rentals of tracks, yards and terminals
Amortization of debt discount.
Miscellaneous  deductions........................

Total deductions prior to bond interest

Net income applicable to bond interest...........

Interest on first lien & ref. S's, first mortcagf
4!4s AND N. Y. & J. 5'B........................................

Balance  ........................................................

Interest on adjustment income 5% bonds.......
 

$6,269,659.93
 

$5,963,283.36
 

$306,37657
 


 

$69,659.92
38,761.80
90,393.10
 

$         937.50
69,962.11
38,761.80
88,930.36
 

$   1,462.74
 

$      937.50
,302.10
 

$198,814.82
 

$  198,591.77
 

$      223.05
 


 

$6,070,845.11
2,168,535.00
 

$5,764,691.59
2,168,535.00
 

$306,153.52
 


 

$3,902,310.11
1,655,100.00
 

$3,596,156.59
1,655,100.00
 

$306,153.52
 


 

$2,247,210.11
 

$1,941,056.59
 

$306,153.52