. The Street railway journal . pany adopted at the outset a broad policy,purchasing thirty first-class wagons andteams, sending out numerous solicitors andestablishing stations in the leading towns inthe territory it intended to occupy. For atime the net loss was quite large, but persistent effortsturned the tide, and this year it is estimated that on thepresent basis, the net profits of the express company willbe about $10,000 for the year. During the last few monthsthe gross receipts have amounted to between $3,000 and$4,000 per month, and it is now making such substantialgains that it will
. The Street railway journal . pany adopted at the outset a broad policy,purchasing thirty first-class wagons andteams, sending out numerous solicitors andestablishing stations in the leading towns inthe territory it intended to occupy. For atime the net loss was quite large, but persistent effortsturned the tide, and this year it is estimated that on thepresent basis, the net profits of the express company willbe about $10,000 for the year. During the last few monthsthe gross receipts have amounted to between $3,000 and$4,000 per month, and it is now making such substantialgains that it will soon be necessary to purchase additionalfreight cars. The company uses the traction companyspassenger and terminal stations in Cincinnati, Hamilton,Middletown, Franklin, Miamisburg and Dayton, payinghalf the expenses of the maintenance of the station in ad-dition to maintaining its own agent. Under this arrange-ment the operating expenses amount to about 75 per centof the gross receipts, leaving a surplus of 25 per cent, which. & Toledo Traction Company, formerly the Southern Ohio MILK TRAIN ON CLEVELAND & EASTERN OHIO is going toward the reduction of previous losses and forimprovements to the service. Of course the traction com-pany derives a good profit under the arrangement. As before stated, delivery wagons are maintained in allthe leading towns, and in Cincinnati and Dayton thewagons have regular routes, making four trips per day, toover 1500 leading business houses. The business is closely October 4, 1902.] STREET RAILWAY JOURNAL 5o7 followed up by solicitors, and country merchants along theline, in ordering- from jobbing- houses and city merchants,direct that goods shall be shipped by this route. The company has an arrangement with the Dayton &Xenia, the Dayton & Troy, Dayton & Northern, Dayton,Covington & Piqua, Dayton, Springfield & IJrbana, and
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
