36

BOSTON AND ALBANY RAILROAD
The New York Central and Hudson River Railroad Company, Lessee

SUMMARY OF FINANCIAL OPERATIONS AFFECTING INCOME
 

Operating income
Railway orERATiONS
Revenues
Expenses

NET REVENUE FROM RAILWAY OPE
 

RATIONS

revenues
INCOME

INCOME
INCOME
ME

s leased

INCO.\IE
DEFICIT

DEFICIT
 

1914

92-97 miies operoled

516,491,441 64

12,311,151 11

84,180,290 53

(74-65 %)

8748,869 77

402 92
 

1913

3S)2-d7 miles operated

$17,719,564 27

13,151,423 02

$4,568,141 25

(74-22 %)

8810,932 00
 

Increase
 

Decrease

81,228,122 63
840,271 91
8387,850 72
 

Perce'ttaija of expenses to
Railway taxes accrued
Uncollectible railway revenue
 

(0-43%)
S402 92
 

$62,062 23
 

RAILWAY  OPERATING
 

13,431,017 84

1101,235 44

118,335 98

29,226 30

4,466 14

5263,263 80
 

$3,757,209 25

$155,361 06

101,076 96

116,681 84

13,243 70 •

$359,876 76

34,117,085 01

$3,054,481 21

1,326,987 13

199,836 96

11,040 71

6,589 40

39,868 29
 

$326,191 41
 

OTHER INCOME

Joint facilities rents
Miscellaneous rents
Interest on loans and accounts
Miscellaneous income
 

$17,260 02
17,709 84
 

$64,126 22
87,455 54
 

TOTAL  OTHER
 

$106,611 90
 

GROSS CORPORATE
 

83,684,281 70

83,140,293 96

1,262,284 93

201,216 26

842 65
24,347 04
 


 

$432,803 31
 

DEDCCTIONS FROM  GROSS  CORPORATE  INCO
Rental of Boston & Albany Railroad and i

and operated lines
Hire of equipment, debit balance
Joint facilities rents
Miscellaneous rents
Separately operated properties, loss
Interest on unfunded debt
Miscellaneous deductions
 

$85,812 75
1,379 30

24,347 04
 

573,702 20

11,040 71
6,689 40
39,025 64
 

TOTAL DEDUCTIONS FROM GROSS CORPORATE
 

14,618
 

984 84
 

$4,637,803 70
$520,718 69
260,369 34
$260,359 35
 

518,818 86
 

NET CORPORATE
NYNH&HRR co's participation
 

1934
144
 

703 14
246 27
 

8413,984 45
 

$116,113 07
 


 

8790
 

456 87
 

$530,097 62
 


 

The operating revenues of the Boston & Albany Railroad for the year 1914, compared with 1913,
decreased $1,228,122.63, equal to 6-9 per cent.

Freight revenue decreased $640,284.00, equal to 7'2 per cent. The tonnage of freight moved decreased
800,106 tons. The average revenue per ton per mile increased 0'277 mills, and the average number of tons
of revenue freight per train mile increased 10'75 tons, equal to 3'5 per cent.

Passenger revenue decreased $375,581.52, equal to 5'9 per cent; express revenue decreased 3110,507.17;
mail revenue increased 339,927.40. Average revenue per passenger per mile was the same as for the
year 1913.

Rail operating expenses decreased $840,271.91, equal to 6'4 per cent; expenses for maintenance of
way and structures decreased $359,817.75; transportation expenses decreased $434,283.40. Maintenance
of equipment increased $24,419.22, due to increased maintenance charges and depreciation accrued on
additional equipment.

Interest charges increased $81,215.69; payments and interest charges on equipment trust certificates
increased $296,118.62.

In addition to the five per cent increase in through freight rates granted the eastern railroads, an increasef
in common with other New England roads, has been secured in local freight rates in New England and in
rates for mileage tickets.

During the year a new passenger station has been put into use at Pittsfield; freight houses at Springfield
and Pittsfield have been enlarged; a new interlocking tower placed in service at Worcester; new coaling
plants placed in service at Hudson, North Adams and Palmer; new passing sidings have been built at
Ciaverack, Rochdale and North Grafton. .