The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-23
LATEST NEWS OF
THE RAIL ROADS.
President Williams Says F. c. and P.
Earnings Show Big Increase.
ALL LINES READY NEXT MONTH
Affairs OF the Scabonrd System Arc IN
a Most satisfactory Condition and
Moro Rolling Stock is What is
Named at Present

president John Shelton Williams, OF the
Seaboard Air Line. returned 10 Richmond
from New York yesterday. President Will
liams stated that the plans for consolida-
ton were in Very satisfactory shape.
President Williams was asked regarding
the earnings OF the FLORIDA Ccatral and
pcninslllar since December 10, 1899. when
the relations which had previously existed
for several years between the Southern
railway and the Florida Central and Pen
inSular system were severed. and The
Southern railway began TO do its Florida
business in connection with the Plant
system, all through service over the
Florida Central and Pcninsular being en-
1irely broken off. 1t had been claimed
that the Florida Central and Peninsular
derived forty per cent. OF its earnings
from this interchange of business with
the Southern railway.
Mr. Williams, who is now president OF
the Florida Central and Pcninsular, was
asked whether the severance of the re-
lations between the Southern railway and
the Florida Central and PeninSuiar has
caused the system any heavy loss. lie re-
piled:
Tho best indication of the solidity and
independence of the Florida Central and
peninsular system is found in the fact
that the business of the company has been
increasing steadily ever since it cancelled
al relations with the Southern railway.
Each week is Showing n handsome in
crease ever the corresponding week of
last year, and the business Of the COM
pany Is most satisfactory
3 The net earnings of the several sys-
tens which will compose the Greater Sea
board Air Line system, for the calendar
tod Inv
s.. 500, 0OJ and the interest On bonds and
rental for the same period amounted to
Approximately 81 500. 900, leaving surplus
for the year of about 10000
'.It should be borne in mind that these
results were shown while these properties
were being operated separately and $50
lated one from the other. The connecting
links, which will bring the various sys-
tens together and establish through lines,
are to be finished in the month Of March
when about 200 miles more OF railroad
will be added TO the system.
1.-The net earnings of these properties
for the month Of January show an in
crease over the corresponding month OF
last GEAR Of some 100000. and the 1n-
crease for February will probably be sun
greater. The only limitation on our earn
ings at present is our inability to !rovide
rolling stock sufficient to meet the demand
upon us. We are building new cars at
the shops in each division Of the greater
system, and have placed orders for large
numbers Of cars with outside companies.
Within few weeks we will begin to re-
ceive the first instalment from the order
which we placed in December for fifty
locomotives, which will increase material
~ our transportation facilities"
HEAVY SHIPMENTS OVER c. & O..
There is a heavy amount or business
from the West for European ports now
being handled by the Chesapeake and
Ohio
The freight movement includes a heavy
forwarding of cattle from Chicago and
yesterday twenty-nine carloads We're
handled at Newport News. For the
week. so far. fifty-seven carloads have
been received there for European ship
ment.
RAILROAD NOTES.
Mr.. L. D. Evelnnd. of Chicago. travel
ing passenger agent of the Rio Grande
Western railway, was in town yesterday
Captain c. w. Westbury and Mr.. w.
II. Bennett, travelling passenger and so
letting freight agent of the Southern,
respectively, have returned from Nor
folk.
Engineer OF Bridges and Signals +.
w. Scarborough, Of the Chesapeake and
Ohio. has returned from Philadelphia.
Agent Donaldson, of the Pullman Co.,
has furnished Viola Allen and party a
special car over the Atlantic Coast Line
to Atlanta.
Shipments of flour. grain, and provisions
east-bound from Chicago last week beat
all previous records. amounting to 212,3l2
tons. compared with 154,SOC tons for the
preceding week and 1o1. 11o tons last year.
The Fort Wayne led with 1874 tons.
The other roads carried: Baltimore and
Ohio, 1907: Big Four, $500: Fries lines.
S.15S: Grand Trunk. 27,00G: Lake Shore,
Il, 2Is: Nickel Plate. 1891: Pa2handle.
1888: Wabash, 1871: Michigan Central
s9.16l.
Speculation in Baltimore and Ohio COM
mon stock Is apparently dying out be-
cause Of the decision of the directors not
TO pay dividends on this issue at the
present time. Several large holders Of
the common stock have liquidated recent
~ and gone into the preferred because
the position of the latter is admittedly
improved by the strengthening of the
cash resources of the company.
Change OF control of the Norfolk and
Western is still mooted. notwithstanding
semi-ofiicial denlals
Directors of the Wilmington and North
ern have ratified the lease of that road
to the Reading.
GEORGIA AND ALABAMA EARNINGS.
The earnings and. expenses Of the Geor-
gia and Alabama railway for the month
of January We're: Net earnings-19co.
s44.&S; ls9a S1a.95o: Increase, sse.ooS.
Seven months ending February 1st: Net
earnings-90o s2sa. 400: 1899. seI7.5s4: in
crease. ss5.sS5 Balance-ls00, ssS,7l5; 1899,
Sc, ga; Increase, sGS.T7l
Delightful Banquet.
The Little Eiks gave a delightful ban
auet Wednesday evening at No. cl3 north
Nineteenth street Those present were
Thomas Leahy, Edward. William, Henry.