The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-08-24
CHESAPEAKE & OHIO RAILWAY,
A Magnificent Showing Made in Presi.

dent Ingalls, Annual Report.
The annual report Issued by Mr.. NJ.
T.. ingalls,. president Chesapeake anu
Ohio Hallway Company, for the fiscal
year ending June Both, 1895. makes
tue following showing:
Gross earnings. 50, 500, 030 81; in
crease over earnings of 1894, S55l,.
922.20.
The result of the years business ia
an increase OF STA. 500. 20 in not earn
ings over those of 1894.
The policy of thoroughly maintain
ing anu improving the property has
been followed during the past year az
heretofore. Over $500. 600. % could huve
been saved or postponed il necessary,
and added to the net earnings. AS tho
company was earning its fixed charges
there seemed to be- no necessity of
economy to the dctriment of tho pro.
perry.
Nearly 5000 tons of 100 and 10 pound
rails were laid during the year and i'll.
ciuued the expense account.
Mr. Ingalls, also makes the following
announcement. which is of very geu
ernt Importance at this time, namely:
There are many things which afford
encouragement at tho time of writing
this report. Such furnaces along the
| line, as have been closed for tho last
TWO years, are rosumiug work; the
coke ovens. which have been shut
down, are all ct work. and there Is a
| distinct aud positive improvement in
the local business OF the line, both in
passengers aud freight"
Announcement is also made that dur
ing the year arrangements have been
| completed for the extension uf the line
into Louisville, the completion of the
bridge ut the Ohio river and the con.
troll OF large terminals in the CITY OF
| Louisville, the shortening OF tue line
between Lexington mud Louisville to
eighty-fuur miles, making II the short
est line betweeu Washington city and
Louisville. He further adds the very
encouraging statement: Your direc-
tors have not changed the opinion
which they have expressed on pre-
vious occasions, to the effect that
the low grades Of the Chesapeake aud
Ohio line, it's physical condition. to.
gether with the advantages of oueap
fuel aud labor, insure it a brillinnt iu.
ture. That II has stood the Test uf the
! last two years and earned it's fixed
charges, would seem to be proof of the
sonndness Of their opinion" Tue re
port also shows that during the year
there has been no serious accidents
| either 10 person or property.
An announcement of much interest
to the holders OF q. * y. securities
states that the interest charges for the
| coming year over the charges for year
just closed will only be Sll, 247.S0.
Among oar COTTON Men.
Heavy rims In Georgia, elsewhere
clear III cotton belt
Liverpool market advanced Lied on
the spot. Future contracts closed very
steady, 3 to Giths up.
New York future market very active,
sales reaching Dol 900 bales, Value.
advanced Ii to 10 points, closing steady.
August. 1,52 to 1.53; October. 7.Gl
January, 7.79.
New York spot market advanced J,
q, for mlddling. against 7!o last
year. Stock lGG, SG3, against 9l,4lG
bales last year.
Eeceipss at I. s. pors... :, ls7 ls.s3J
Exports week ....... TG3T 9G All
Stock I. :. ports 2g5, III los, 5 i
receipts OF New cotton at United
States ports during past week have
been only e9I bales, against 8, 2l7 bales
corresponding week lnst year.
Salea of cotton in Liverpool during
past week were 5000 bales, against
63, 600 bales previous week and 80, 900
bales last year.
Meeting Tor Boys.
Mr.. mbrose Page, the new assist
ant secretary of the Young Mems
Christian Association, will conduct n
meeting for boys only Sunday after.
noon at o'clock. This meeting will
be Interesting to everybody WHO at
tends.
All boys OF Norfolk under 1G years of
age are requested to be present at this
mpatlnO