Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1886-01-01

t,TOsS reyenue................-. 81 IliVlZ ~
ENrcnseS OF tTanspOrtatlon..--.. 2eo'oS' ~
Nci earnings. ............s l9l,Slj AZ
Dciucting interest on boDdsand
hans .........................S50.G 23 Fl
And dividends on
guaranteed stock. 1855 oo
Lea, e. net profit Of .............. Slo6 sos II"
Tie cross revenue for the year was
S2O1 -, more than the preceding year. The
receipts from through travel shows an m
crease Of S9.llO.GS; those from through
frcightS. local ircights, and express irelght>,
a decrease OF y, ~, and per cent. re-
spectiyely. The current expenses, eNclu-
,i,e Of new equipment, &C., items hereto
fore charged to cost of road and property
have diminished S9,205.9j.
Thee EXPENSES, inciuSiCe Of those items.
are $3.50 per cent. OF gross revenue-a
moderate proportion in view OF the 10"
rates FOR transportation.
The average receipt per passenger ana
per ton per mile was 2.G cents Tor the iorintl
and Loo cents for the latter.
It appcars that within the past six years
the business and revenue OF passenger
trans have uninterruptedly increased,
with decreasing rates, and the freight OuSi-
ness. more than doubled in revenue, has
grown nearly three-fOld in volume IN
the face Of commercial depression, ana q
continuous and active competition with
both rail and water lines.
The company has now finished lis line
with steel rails. OF which LOCO tons are
year. IN eXprcss-carand large passenger
engine have been added to its equipment.
and their cost is included in the current
expense account.
The accommodations for passengers at
Eighth-aud- Byrd-stTcc station have been
altogether inadequate and unsuitable for
many years past, but the difficulty of OBJ
tanning ground suitable for the erection OF
a proper passenger station could not be
surmOuntcd until the state authorized the
Sale Of the square bounded by Byrd, Canal,
seventh, and Eighth streets, which il did
at the last session of the Legislature. AT
the sale Of thfs property, in March last, it
was purchased FOR the sum of $4,000
Jointly 10y your company and the Richmond
and Petersburg Railroad Company. Upon
il the two companies are now erecting
suitable passenger station.
Richmond and Allegheny Railroad.
Lawrence Myers AMI Decatur AXtell, re.
coivers Decatur AXtcli, general manager;
j. Il. Macmurdo, general freight, passenger,
and express agent.
The following Is a summary OF the earn
ngS and operating expenses OF this road
for the year ending september 30, 1885
Earnings $3.50. 59l
Operating expenses ...................... 4O4,9ls
Net earnings, 1SS5....-............... slS4, 673
Net earnings, 1854 ......................l s3,979
Increase 8 e94
Some OF the freight moved eastward was
rs follows: Pig-iron, 1923 tons; coal.
81 1913 tons; stone, 1l,ie0 tons; leaf to-
hacco, li,74O,O65 pounds; tobacco'stems,
50,C5j pounds; manufactured tobacco,
l9j,3S9 pounds; corn, 22,709,S2J pounds;
wheat. 22,23G,0i1 pounds; oats, G,oj1, Al
pounds; rye, lG9.tA pounds; tlaS-seed,
20.32l pounds; bacon, 81, 3S2, 42G p01nds;
butter, 2l,5I0 pounds; eggs, 6S,66j pounds;
dried fruit. 81 1923 pounds; hay, li,l74,.
Us pounds; shucks, 592, i42 pounds; wool,
1882 pounds suinac, i,395.11S pounds;
wood Car-loads, 476; bark-car-loa
,O29; umber-car-loads, $40; tlOur-barrels.
iG.6j7; whiskey-barrels, 1852; lime, -
$40 barrels.
Some Of the freight going west: Pig
iron, SOB tons coal, 1859 tons; salt, GO
tons stone, 1896 tons; leaf tobacco,
3.gIO.S27 pounds; tobacco. stems, 265. 759
pounds; manufactured tobacco, l,lG6,S13
pounds; wheat, 39l,0lS pounds; corn,
| ,0S4,193 pounds; oats, 25i.9jS pounds;
rye, 20,0i4 pounds; bacon, l,23i.56G
pounds; butter, ll,9sl pounds; eggs.
4,47s pounds; dried fruit, 536.0S0 pounds;
hay, l,00S,2ll pounds; shucks. 1910
pounds; sUmac, lS9,602 pounds; wool,
:. 7lSpOundS; tallow, 1925 pounds; wood
car loads. 322 bark-car-loads, 200; lum-
ber- caT-loads, 3l3; -four, 1865 barrels;
whiskey, AZ barrels; cement. 1871 bar
relS; lime, ASA barrels tar, 2,6l0 barrels;
iron-ore, 5,Si2 tons.
Richmond ana Petersburg Railroad.
Fred. X. Scott, president; X. VI. Sully.
NJ W. Warrington, treas
urer.
The following is statement Of the bust
ness Of the company for the Jscal year end
Ing 30th September, 1885:
Gross receipts Sle2, ESQ 10
Gross expenses. 9I4sl 81
Net earnings.................... s5,l66 80
Same for previous year..........s $1,000 so !
The above balance was applied TO inter |
st on the debt, the usual 5 per cent. diyi-
1end on the stock, and u the work on the |
Jsmes-river bridge. Contracts have been |
made for the completion Of the bridge,
which will be done nv JJahuary. at total /
,ost not exceeding the original estimate.
The bonds that malured last April have
been rG,1. ana the debt of the company
has been reduced s1l 900 during the year.
The property known as the Public ware
house, between Seventh, Canal. Eighth,
,od Byrd streets. nearly two acres 10 ex.
ent. has been bought from the State by
his company and the Richmond. Frede-
rick sburg and Potomac Railroad Company |
or their joint use, at cost OF ,s53, 900.
The necessity for additional passenger and
reight accommodation in this city for the
tally increasing trade OF the Atlantic.
Joast line Of railroads constrained the
company TO acquire this property, even at
he very high price paid. II Is believed
hat the additional traffic will justify the
ost Of the lot and the further outlay
,eeded for proper depot buildings.
The earnings from all sources for the
ear were: From through travel, tn,-
67.7e; local travel, ts0,3s2.4i; Clover
iiiI. iEesti- 81 2sAlo; through freight, 4
s3stt9 ~; loc15<<s. A30.6pl.S3: Go \