The times. [volume] (Richmond, Va.) 1890-1903, 1896-01-01


Showing an increase for the ave
months of $751; I'm gross earnings.
H. r.. d T.. RAILROAD COMPANY.
Length of road e.ghty-five $50 miles.
Gross earnings OF the company for
the year ending June 30, 1898. SlO,5o0ol
Surplus over operating expenses, i2i2.
S5l-6. Interests, rents. etc, received, ST.
6iaH Interests and dividends paid, }253,
225. Balance TO the crcdit of profit and
loss. $40.
Gross earnings for four months, end
Ing November !, 1886 Z3l1SZ>g.
Net earnings. %,.2e2.s>, an increase i'm
gross earnings Of SfS,4lS over the same PEE
Rod OF last year
Passenger mileage for 1855. 6.72f825
For 1885, 12.02i.6i6. Ton mileage, 1855. o.
0,3.549. for 1895. 5f5z,,5o5.
Earnings. 1850, Nr9,ill Earnings for
1855. $40 .troi.
Proportion of operating expenses To
earnings for 1853. $3.50. 1855. COS.
4 semi-anuual dividend OF 10 per
cent. has been declared on both the cap
it8l stock and the dividend obligations,
payable Jan. .. and the sum distributed
by this dividend amounts 10 Sg623L25.
The president. I'm his annual report
states that they have purchased during
the past year 5.597 tons of 15-pound rails,
OF the section adopted by tMe American
Society OF Civil Engineers Nearly an
OF the old a5-p0und rails IN the main
track have been replaced.
The effect OF the heavier rail- IS very
appreciable I'M the greater smoothness
OF motion at a high rate Of velocity, ana
the condition of the road-bed is highly
crcditablc.
r. x p. RAILROAD COMPANY.
The operations OF this company for
the year ending June 20, 1895. show
gross earnings $2ie,S6lSo. an increase over
the previous year of Sl.nii Surplus over
interest charges and dividends. &"i->sj
an increase OF S3.6s2
Number Of passengers carried increas-
ed 5,1.i. and tons of freight moved one
mue). lllsS,555. against l0lm.2u2 Tor pre-
v.Ous year
Percentage of operating expenses to
gross earnings, 1895, GIL, against GA for
1894
The sum of $500 Of the surplus vas
expended I'm the purchase and cancclia-
ton of 1880 old trust mortgage bonds.
at a premium Of S3.2N Tn the operating
EXPENSES is included about $1,000 cG-
perded for betterments
4 dividend OF 1-2 per cent. has been
declared on its capital stock of Si.Vnooy,
payable January ? 1890.
Cross earnings for four months ending
November !. 1896. 5l19lJ9.63. net earn
over same period last year OF SA,aND.
&. & O. RAILROAD COMPANY.
Total number OF miles operated, l.2.9s,
not including So miles between Orange.
Va. and Washington. which is operated
under a trackage agreement.
The depression so prevalent IN business
in 1894. was felt in the current
year and caused a decrease in the pas
senger earnings OF this road. but owing
to the absence OF coal strikes. the freight
earnings show a satisfactory increase.
The policy of thoroughly maintaining
and improving the property which this
company has followed for several years
past, was kept up during the past year.
and expenditures amounting 10 S5UiVO
could have been dispensed with II neces-
sary: but as the company was earning
its fixed charges, the management deem
ed II expcdient not TO economic 10 the
detriment Of the property. In this item
Of S2ei 900 Is included $50 nAw frsiEat cara