"c           VAR 0284      03018 OPE RAT 3R 933-948               MD= 1E-37   "
"c           REF 0284         LOC 2517 WIDTH  9             DK  40 COL 62-70  "
"c                                                 EXP DEC=  1                "
"c                                                                            "
"c              TOTAL OPERATING REVENUES, TELEPHONE COMPANIES                 "
"c              ---------------------------------------------                 "
"c                                                                            "
"c              NBER SERIES:  03018                                           "
"c              AREA COVERED:  U.S.                                           "
"c              UNITS:  MILLIONS OF DOLLARS                                   "
"c              ANNUAL COVERAGE:  NONE                                        "
"c              QUARTERLY COVERAGE:  NONE                                     "
"c              MONTHLY COVERAGE:  01/1933-12/1948                            "
"c              SEASONAL ADJUSTMENT:  NONE                                    "
"c              SOURCE:  DATA FOR 1933-1940:  FEDERAL COMMUNICATIONS          "
"c              COMMISSION,"STATISTICS OF THE COMMUNICATIONS INDUSTRY IN      "
"c              THE UNITED STATES" FOR THE YEAR ENDED DECEMBER 31, 1941.      "
"c              DATA FOR 1941-1948:  U.S. DEPARTMENT OF COMMERCE, SURVEY OF   "
"c              CURRENT BUSINESS; CROSS-CHECKED WITH ISSUES OF THE FCC        "
"c              PUBLICATION CITED ABOVE.                                      "
"c                                                                            "
"c              NOTES:  SERIES 03018 IS PRESENTED HERE AS FOURT               "
"c              VARIABLES--(1)--ORIGINAL DATA, 1915-1934  (2)--ORIGINAL DATA, "
"c              1933-1948  (3)--ORIGINAL DATA, 1942-1948  (4)--ORIGINAL DATA, "
"c              1948-1961                                                     "
"c                   DATA IN THIS VARIABLE COVER"LARGE" COMPANIES, WHICH      "
"c              WERE FORMERLY CALLED CLASS A COMPANIES -- THOSE HAVING        "
"c              ANNUAL OPERATING REVENUES IN EXCESS OF $250,000.  DATA COVER  "
"c              100-114 COMPANIES.                                            "
"c                   THE HUGE DECREASE IN JUNE 1934 REFLECTS ABOUT SIXTEEN    "
"c              MILLION DOLLARS IN REFUNDS TO CHICAGO COIN-BOX SUBSCRIBERS,   "
"c              COVERING AN ELEVEN-YEAR PERIOD, DEDUCTED DURING JUNE BY THE   "
"c              ILLINOIS BELL TELEPHONE COMPANY.                              "
"c                   DATA FOR DECEMBER 1934; MARCH, NOVEMBER, AND DECEMBER    "
"c              1935 REFLECT ADJUSTMENTS COVERING ESTIMATED REFUNDS.          "
"c                                                                            "
"c              CHECKED MANUALLY; NO CORRECTIONS NECESSARY.                   "
"c                                                                            "
"c           ...............................................................  "