$4,574,883 DEFICIT FOR CITY BUS LINES; Loss Greater With 7-Cent Fare Than With 5 -- 5th Ave. Rate Goes to 12 Cents Tomorrow $4,574,833 DEFICIT FOR CITY BUS LINER
Municipal bus operation at the base fare of 7 cents charged since July 1, 1948, resulted in a deficit of $4,574,883 for the nine months ended March 31, as compared with a loss of only $4,567,341 for the entire year ended June 30, 1948, when the fare was only a nickel.