The times. [volume] (Richmond, Va.) 1890-1903, 1895-01-01

history OF the company. In both gross
and NO, earrings. and also IN the oper-
atiry oxnefges OF the last fiscal year
Co incl,d.d yg3I2i OF extraordinary eN-
penscs. ~, >-o,..,.,,,o,
$50, gross earnings were $1,000; ex-
ronses 4.7ea leaving s25.69f. an increase
i'm gross earnings Of ss.ooS.
There has been declared seminar
nual dividend of 3 per cent, payapie
January ID.
RICHMOND. fREDERIcKsBURe AND POTOMAC.
rne Richmond. Fredericksburg and 10
,or,ac railroad was chartered Febru-
a,y y. 1894. Main line from luantico 10
Richmond. 1915 miles. leased and
bran ches GO miles. total, 8.Oi miles.
The property is kept in first class con-
dition. and the read Is laid with fifty
hfty-six, and sixty-sevcn pound steel ralis.
Gross receipts for operating for year
ending June 10Th. 1896. 22s 81; other sources
Si3S. il7.5S: total S67i.3i7.2o; operating ex-
pe,ses. SA3, l5j.9l; net earnings, Nib -
Earnings show a falling of from the
previous year, which. however, was the
largest in the history Of the road, on
account OF general depression in business,
but as will DC seen by the following
ngnres the earnings are again increas-
ing:
Gross earnings. four months to Novem-
bsr /. 1891. $22OO29 expenses. Ni6.0o9; net
earnings. S73,969 An increase in gross
elrnings for four months Of $40 4S'.
Revenue per mile has increased from
1903 i'm 1889 to S7.S56 in 1894 passenger
mileage from $685. to sllSSS,9o5 IN
same period: ton mileage from S,i72.1@
In 1880 10 1924. 357 Gross earnings IN
creased 1885, over 1880 1858 per cent.
Ratio expenses 10 gross earnings lncreas-
ed from 53.l per cent. to COS per cent
There has been declared a semi-annuai
dividend OF 3.5 per cent. on me capi'pi
stock. and dividend obligations OF this
road.
PETERSBURG RAILROAD co.
Gross earnings 10 June 30. 1894. 1901 ,m9 = ;
exper ses $33S.6SsO5; net earnings, >lo''-
3ll1I Operating expenses 10 gross earn
ings. e6.7 per cent.
Notwithstanding the fact mat during
| the past trying year about tWehly-seNen
miles of light rails have been replaced by
| new seventy pound steel rails at cost
| NJ $4,000 witch were charged to oper-
| afino cXpense, the net earnings only de-
| creased 1850. The branch line around
Petersburg connecting the Petersburg
| railroad and the Richmond and Peters
| burg railroad which is being constructed
| by this company. Is almost completed.
! This branch line skirts along the cor
uorate limits OF Petersburg and Is about
| six miles long.
Eighty-fOur per cent. Of the business
| Of the Petersburg railroad is through
| business. and this through business had
| 10 travel over the streets of petersburg
at a slow rate, and across the tracks of
the Norfolk and Western railroad.
This construction was begun at most
| opportune time. and when completed VIII
| probably be the cheapest piece OF rall-
| road construction ever built in the United
| States.
The actual cost Of the iron bridge will
! be, SIS eo9. while the estimate made IN
| 1851 was $4,000
The completion Of the Manchester and
| Augusta road from Sumter to Denmark
| makes the Atlantic Coast Line the short
est rail route from New York and Wash
irgton to Aiken, Augusta. Macon, and
| Southwestern Georgia.
Gross earnings for four months TO NO
vember I. 1894. were sl6l.7s4; expenses. $50
| 7A19; showing an increase in gross earn
| ings of $94i3. and of net, t2l.J01.
CHESAPEAKE AND OHIO RAILROAD.
| Notwithstanding the many adverse con-
| ditions operating against this company
| Il was able during the last fiscal year
! not only to earn all its fixed charges,
but also a small surplus.
| The figures being, net earnings SOl6,-
| $50: expenses being S3C02.92t.
The MANAGEMENT have reason TO feel
| gratified with the result Of the year :
| work for i'm spite Of the great indus
| trial depression. especially in the iron
| Industry aud OF the fact that during the
! year the company had 10 contend with
one hundred days of coal strikes, they
more than met their charges such a
severe year they will probably never have
| to endure again.
These good results have been rendered
| possible 10y the superior condition of the
| road
During the past year several miles o
| 20 pound steel rails have bceh taken uI
and replaced by lOi pound rails, 1t beir;
the policy of the company to put in a.
heavy a rail as any of the eastern trunl
! lines. During the year the gross earning
| fell off 81 .292 702. but this was almost me
! by a reduction of 81 ,lOj.6;S i'm expenses
| the net earnings only falling off SlS1,0C9.
! on account Of :hc excellent condition
! of the property the average train load ha
| increased TO 30l tons against 2S3 tons
| l;.st year and 20 tons the wear previous
| The average train load of the New Yorl
! Central being only 30 tors.
This IS the FIRST year in several year.
| that there has been any set back in .h'
! steady Improvement hat the road ha'
been making, as will be shown in th'
| following table: