The times. [volume] (Richmond, Va.) 1890-1903, 1893-12-31


The shipment Of iron ores, according
TO the last annual report, were $3.50 tons,
an increase OF 79,4lS tons as compared
with the previous year. The shipments
Of pig iron were 47.6l1. an increase OF
1900 tons as compared with 1892. The
shipment OF coal ind coke has increased
from col ,9S7 tons I'm 1885 TO $685. tons
for the last fiscal year.
For the ten months ending November
1st 1893, the gross earnings Of the COM
pany, Notwithstanding the severe strain OF
the past few months, show an increase
OF $4,000 over the corresponding period
OF last year, the actual figures being
SS405,47S.
On account OF the general business de-
preston, no additions or extensions are
contemplated for the coming year.
November and December, 1898, estl-
mated.
G. aud o. Railway Company.
Under its present good management the
growth Of this companys business has
been very remarkable, and throughout the
State along its lines from Allegheny 10
Newport News can be seen the great ma
terial benefits being derived by Virginia
from this corporation.
The net earnings for the last fiscal year
are s.. 20i 049 against s.. 439 925 for 1892. and
although the fixed charges as compared
with previous years have increased by
the conversion Of preferred stocks and
the acquisition Of the Elizabethtown Lex
ington. and Big Sandy and the Ohio and
Big Sandy railways, the earnings have
not only been large enough to meet them
in full, but 10 leave a surplus of $i25, 30
and for the first time in its history the
company has earned something on its
common stock.
Affbnrrcrf, tho hOcfnpcc Cd dur
ing the last fiscal year has been greater
than the year previous the cost of trans
portauon IS actually smaller by $u,lS1.
1892 1893
Passengers carried
che mile. -. 97O53,449 11s,505,56i
moved one niis. 1 800, 657. 26i 1,S70, 49,. 0l9
Average number OF passen-
gers per train mile...... 81 Al
Earnings Of passenger 90 %
trains per mile.".."...S W ~ w
Earnings Of freight trains
Average load hauled by
freight trains, Oons)...... 20 2S3
Output of coal, Gons) . 4O3,OI5 1850 42i
The growth Of the company in recent
years IS shown by the following figures;
1890 1892 1898
ate ated - 'i.... o2s 0a3 1,lo2
ings. $50. 81 161 $40 s9OOi600 S1Os36.slO
Expenses. 56ll.96 G,I3t.731 7132. 100
Metz. 1,549,9S1 2.2I2S6I 3,2OAOi9
In 1890 the company showed a deficit OF
yl97, SCI and in the last fiscal year sur
plus of Si23,760
The business OF the company is expected
10 be materially benefited by the in
auguration Of a line Of steamers from
Newport News TO Liverpool, which IL was
influential in establishing.
The first steG nfer sailed on September
18th. last with a full cargo consisting OF
800 head Of cattle, and miscellaneous
freight.
Early in January the company will have
six steamers running.
seaboard and Roanoke Raiiroad Company.
The Scaboard and Roanoke Railroad
is the parent comp OF the sea-
board Air Line system, extending from
Portsmouth. Va, 20 Atlanta, Ca, also VIII
mington. ~ c., anf as far west as Ruther-
Yorktown. n. c. At Weldon il makes
close connection with the Atlantic Coast
Line under contract with that company.
Business is exchanged for Northern points,
thus making a new through lire from
New York 10 Atlanta.
The following figures are based on
figures furnished by the Seaboard and
Roanoke railroad TO the commissioner OF
railroads.
Mileage, 49, gross earnings. $4,000;
operating expenses. Si04. 20T; net earnings,
Sz25,G
The company pays per cent. demands
on Us common stock and 7 per cent. on
stock.
Richmond and Wost Point Terminal.
The completion OF the reorganization
OF this company under the plan proposed
by Drexei Morgan & Co., last spring has