"c           VAR 0059      09003 NET INC 3R 915-933               MD= 1E-37   "
"c           REF 0059         LOC  492 WIDTH  9             DK   8 COL 53-61  "
"c                                                 EXP DEC=  2                "
"c                                                                            "
"c              NET OPERATING INCOME, CLASS A TELEPHONE COMPANIES             "
"c              -------------------------------------------------             "
"c                                                                            "
"c              NBER SERIES:  09003                                           "
"c              AREA COVERED:  U.S.                                           "
"c              UNITS:  MILLIONS OF DOLLARS                                   "
"c              ANNUAL COVERAGE:  NONE                                        "
"c              QUARTERLY COVERAGE:  NONE                                     "
"c              MONTHLY COVERAGE:  10/1915-04/1933                            "
"c              SEASONAL ADJUSTMENT:  NONE                                    "
"c              SOURCE:  1931 OFFICE RECORDS OF THE SURVEY OF CURRENT         "
"c              BUSINESS FOR 1915-1922 DATA; 1932 ANNUAL SUPPLEMENT OF THE    "
"c              SURVEY OF CURRENT BUSINESS, PP.122-123, FOR 1923-1930 DATA;   "
"c              SURVEY OF CURRENT BUSINESS, MARCH 1933, FOR 1932; JANUARY,    "
"c              1933 THROUGH MARCH, 1933 DATA WERE COMPUTED.                  "
"c                                                                            "
"c              NOTES:  SERIES 09003 IS PRESENTED HERE AS THREE               "
"c              VARIABLES--(1)--ORIGINAL DATA, 1915-1933  (2)--ORIGINAL DATA, "
"c              1933-1948  (3)--ORIGINAL DATA, 1948-1961.                     "
"c                   THESE DATA WERE TAKEN FROM REPORTS OF ABOUT 102          "
"c              COMPANIES.  LETTER AND DATA RECEIVED BY NBER FROM THE SURVEY  "
"c              OF CURRENT BUSINESS, LETTER OF MAY, 1935.                     "
"c                   CLASS A COMPANIES ARE THOSE HAVING ANNUAL OPERATING      "
"c              REVENUES OF OVER $250,000.                                    "
"c                                                                            "
"c              CHECKED MANUALLY; NO CORRECTIONS NECESSARY.                   "
"c                                                                            "
"c           ...............................................................  "