The times. [volume] (Richmond, Va.) 1890-1903, 1901-03-24
LARGE SALES
OF SEAB0ARD.
The Stock Sold More Rapidly Yester-
day Than Ever Known.
GREAT INCREASE IN EARNINGS
This, instead Of the Placing of the Bond
Issue, Said TO Be the Cause OF the Up
ward Jump-Some Notes Of the
Railway LINES,
GREAT INCREASE IN EARNINGS

The magnitude Of the transactions in
Seaboard Air Line securities yesterday
will make the day. one long to be re-
nenbered by local traders. The common
and preferred stock We're stronger than
in their history, and the demand was
greater than had ever been known
The sales on the Richmond market, in
Guiding those made before and after the
board, were very large. There were sold
during the day 5000 Seaboard bond certi-
ficates, par and interest: 10000 SeaDoard
bond certificates at IS 3-4; AGO preferred at
as high in some instances, as 80 5-s; 9i'o
OF common at as high as IA SIS; 5000 Sea-
board Air Line As at 50. and 2i,oO0 at
70 3-i.
There were other transactions during
the day, but they were not reported.
There was a sensation on the market
when the strength of the Seaboard began
to be manifest and explanations were
sought far and near. President Williams
returned from New York yesterday, and
it was thought that his trip to the nc
tropols had had something to do with
the upward jump. Nothing had been
given ont as to the object or results of
the conference which Mr. Williams held
in New York with financial men that war
ranted the rise. Finally it came TO be
generally believed that the placing of the
sl0,00o0O0 loan of the Seahoard was re-
sponsibie for the appreciation of the
stock
The Times is in position to state tina.
the strength and activity Of the stock is
due 10 the remarkable increase in earn
ings Of the road during the present year.
In some weeks the increase has been as
much as 50 per cent. over the same period
of last year. The statement of earnings
Of the road is not regularly issued. so the
public has no idea of the tremendous in
crease in business of every chara cter since
the reorganization of the road into the
Greater Seaboard System under the man
asement of President John Shelton Will
liams.
President Williams expressed himself
as well pleased with the upward course
of the stock OF his road yesterday.
Il do not care to discuss the cause of
the rise he said to a Times writer. Il
am sure 1t is in no way connected with
my visit to New York
In further conversation Mr. Williams
said that the road showed most remarlza-
bic increase in earnings.
The earning power of the Seaboard is
the subject Of interested investigation
upon the part Of financial men. It is the
general belief that the recent increase of
earnings, great though it be, will be sur
passed in the future. a few Richmond
people have seen recently a statement of
the earnings Of the road out of Richmond
as compared with last year that is the
most remarkable thing in the way of in
creases that has been seen for some time,
the Chesapeake and Ohio increase in earn
ings from coal traffic, not excepted. 1t
will be made public some day.
It is proper to mention in connection
with this subject that the increase of the
Seaboard's business out OF Richmond has
been accomplished without the decrease
of earnings of the other roads out of Rich
Inond. It means simply that the road is
bringing new business to this city.
Some amusement was created by the
statement Of another paper that there
was a probability that the Chesapeake
and Ohio hospital at Clifton Forge would
be moved TO Richmond and that DR.. c.
". p Brock. 1.-The Richmond surgeon OF
the road would be attached to the staff
of The hospital. There may be Chesa-
peake and Ohio hospital built here soon;
I don't know about that said a Chesa-
peake and Ohio man yesterday, but
there is not the slightest likelihood that
the Clifton Forge hospital will ever come
everybody who knows his name knew. is
the chief surgeon of the Chesapeake and
Ohio
The CIesa peal1e and Ohio ran an eXcur-
sion from Richmond TO Newport News to
witness the launching OF the Korea yes
.erdav There We're about nine hundred
people in the party, which Included Gov
ernor Tyler and his staff and a party OF
about fifty Irigg Company officers ana
friends Thes train was run in two sec
tions of eight cars each. The Governor
and his party occupied 2 special car at
tached to the second section. The first
section left at S:l5 o'clock and the second
thirty minutes Eater. The run was made
in one hour and forty-tive minutes Inc
specials reached here at S:12 O'Clock last
night
Tho new wooden traveller to be en-
ploved on the Viaduct Worh between me
river wall and the Richmond, PETERSBURG
and Carolina crossing has been hnlshed
ans the steel work on this portion of the
viaduct will be begun next week Inc
ycrl, on the Fulton end of the overhead
STRUCTURE is progressing very rapiulE.
The Messenger rate clerks VIII hoio
.,,as.i,r at southern Pines carly in April
ia discuss the summer tourist rates.
The sIeeper on the Atlantic Coast Line
New York and Florida Specia! will on ana
af,er Monday be operated IN connecLloh
Nth the FLORIDA and West Indian Linz
,,eS and instead Of reaching this city at
ia, o'clock at night, will arrive hve
hours earlier.
Mr. s. 3. Younger. agent of the Norfolk
.n5 Western. at Lynchburg, passed
through Richmond en- route to Newport
News 20 witness the launching OF the
Korea
Cat.ajn. of the Chesapeake and ONO,
who recently sustained very serious
oneration at the Clifton Forge Hospital,
has recovered and viii soon be able TO so
to work again
Mr.. James German, formerly with the
Chesapeake and Ohio, has gone to Gear
field. Pa, to accept position with the
railroad contracting firm of Carpenter q
BoXley-