Opposition to Advances in Freight Rates Before the Interstate Commerce Commissi
Opposition to Advances in Freight Rates Before the Interstate Commerce Commissi
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9 The growth in these eleven years is small, so far as mileage is concerned, averaging but 2>^ per cent, per annum of 1897 figures, as shown by the foregoing figures. But the following summaries are shown by the reports: Inc. 1897. 1909. P. C. Gross earnings $1, 132, 866, 626 $2, 513, 212, 763 121. 8 Operating expenses 790, 074, 596 1, 661, 059, 483 110. 2 Net earnings $342, 792, 030 $852, 153, 280 148. 6 Op. Ex. , per cent, of gross. . . 69. 74 66. 09 *5-3 Gross per mile $6, 228 $10, 566 69. 6... Operating expenses per mile . $4, 344 $5, 984 37-7 Net per mile $1, 884 $3, 582 90. 1 The gain in gross earnings per mile of almost 70 per cent, is 3J/2 times as great as the increase in capital cost per mile, and the gain in net per mile is almost 4^2 times as much. Moreover, the striking fact appears that in 1909 the operating cost was only a little over 66 per cent, of gross, as against almost 70 per cent, of gross in 1897, although the period includes the entire rise in commodity prices, of which so much has been heard in the past year or two.
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To quickly assess the difficulty of the text, read a short excerpt:
9 The growth in these eleven years is small, so far as mileage is concerned, averaging but 2>^ per cent, per annum of 1897 figures, as shown by the foregoing figures. But the following summaries are shown by the reports: Inc. 1897. 1909. P. C. Gross earnings $1, 132, 866, 626 $2, 513, 212, 763 121. 8 Operating expenses 790, 074, 596 1, 661, 059, 483 110. 2 Net earnings $342, 792, 030 $852, 153, 280 148. 6 Op. Ex. , per cent, of gross. . . 69. 74 66. 09 *5-3 Gross per mile $6, 228 $10, 566 69. 6... Operating expenses per mile . $4, 344 $5, 984 37-7 Net per mile $1, 884 $3, 582 90. 1 The gain in gross earnings per mile of almost 70 per cent, is 3J/2 times as great as the increase in capital cost per mile, and the gain in net per mile is almost 4^2 times as much. Moreover, the striking fact appears that in 1909 the operating cost was only a little over 66 per cent, of gross, as against almost 70 per cent, of gross in 1897, although the period includes the entire rise in commodity prices, of which so much has been heard in the past year or two.
What to read after Opposition to Advances in Freight Rates Before the Interstate Commerce Commissi?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Carl Spelling to read onlineMoreLess
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