Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-01-01

proving extremely popular. ana FRIGHT
room has frequently to be applied Tor
weeks in advance
THE NORFOLK AND WESTERN.
The mileage now owned by the Norfolk
ana Western Railroad Company 10 about
LSl miles The company also operatec
under leases about 2S miles additional,
making . grand total operated for the
year 1874 OF about l.5e7 miles. The COM
pany has not, during the past year, un-
aertaken the extension OF its system or
the construction of new miles OF road,
put the year has been marked by the
inauguration OF one or two new steam
snip lines running from Norfolk TO Liver
poor. me norfolk and North American
steamship Company, Limited, Is the cor
poration through which this new business
IS TO be conducted. 1t has been formed
Tor the purpose OF building a feet OF
modern cargo steamers to fully provide
TOT the growing trade OF Norfolk. The
nfst or the fleet. the "Lambert's Point"
mas already made its initial trip 20 Liver
poo.. The second steamer, probably 10
De called the Primers Point" 10 to be
ready some time In the spring.
The establishment OF a regular line
from Norfolk must necessarily build up
the export trade, as shippers In the in
terror can count with certainty on their
goods going forward at specified time.
instead OF, as heretofore. having to wait
the doubtful arrival of chartered ships.
The capital OF the new steamship COM
pany is f2O0oo-si 900 900.
The gross earnings OF the Norfolk md
western for the year ending June 90. 1894
were $4,000: net earnings. 800 600.
gross earnings for ten months ending
november ], 1894. sS.S2.oO0: net earnings,
| s2.2le.O00
| RICHMOND. FREDERICKSBURG AND
POTOMAC.
Length Of road. s. miles. The gross
cHrnings OF this company for the year
Gnding July l, 1891, amounted to ss735l9
me- earnings over operating expenses.
SsSo,Se3; interest. dividends, etc, received
VIII: net revenue. s242, 4si: interest, divi-
bends. &C. $2fl. 935; balance to credit,
profit and loss, S5i9.
The gross earnings for four months to
November I, 1894, 500 029: net earnings
S'3,9i0: increase over corresponding period
or last year. In gross earnings, about
| s2o0oo
Gross revenue per mile, In 1880, 1903
1894, S.S6. Passenger mileage. 1880. 3i72.-
| rs: 1894; N.247.S57 A semi-annual dividend
| OF 3}a per cent. has been declared. payable
| January 2. 1895. on the company's com
| mon stock and dividend obligations. which
are all exempt from taxation.
RICHMOND AND PETERSBURG.
The gross receipts for this company for
the year ending June 30, 1884, amounted
to SS12SO0: net revenue. sl252Si; surplus
| over interest charges and dividends, s23, 7l5
| The president. I'm his annual report, says
that the road-bed. works, and equipment
L hn hnxy lra,
to Atlantic-Coast Line standard, and that
trains can now be run seventy miles an
| hour with maximum safety on the main
| lines OF this system. a dividend of 3 per
cent. on the capital stock Of this company
| is payable January 2d.
| PETERSBURG RAILROAD COMPANY.
| The earnings Of the Petersburg Railroad
| Company for the year 1894, considering the
great business depression which has ex-
listed. have been quite gratifying. The gross
| earnings for the year amounted to SJ07 999
net revenue after the expenditure of $4S, S01
| for new seventy-pound steel rails and
| other permanent improvements, all OF
which was charged to operating expenses,
were slG9.3l1. The road is now laid with
seventy-pound steel rail from end to end
and Is in excellent physical condition
The construction Of the siX-mile belt-lne
| mt petersburg Is just about completed
The completion of this belt. it is under
stood. reduces the maximum grade on the
| whole Atlantic-Coast Line to thirty fee,
TO the mile. and is calculated not only to
| reduce the expenses of the company but
| will also add materially to it's revenue
The company has paid dividends on both
common and preferred stock for some
years past. and n semi-annual dividend OF
per cent. is payable January 2, 1885, or
both common and preferred stock. out OF
the earnings OF the past six months.
| The gross earnings for the four months
ending November /, 1894. amounted &c
sl6l,7S; net earnings. S79,0i3-an increase
in gross earnings of s9.ii3. and in ne,
| earnings of s2l.505 over the corresponding
period last year. The company is. al
the present time earning at the rate OF
| about 10 per cent. ON its entire capital
L stock