The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-04-15
SHOW BIG
INCREASE.
Southern Railroads Report Sub.
stantial Gains for Month
Of February. #
IA ---t ~ -- -------- \
EARNINGS MOST GRATIFYING 1: ! N:
Many New Projects on Foot and and
More than 4 900 Miles Of Road
Will be Built in the South.
fspecial to The TImcs-DIspatch.

Is s
Especial to The Timcs-Dlspatc h.l
BALTIMORE. Mp, April 14..-Ana lying
the statements Of a number Of southern
and southwestern railroad companies Tor
February and for the past eight months
the Manufacturers Record finds that In
nearly every instance substantial gains
are shown for February in comparison
with the corresponding month of last
year and a continuous record OF progress
and Improvement since last July, some
Of tho gains being remarkably large. {
says: tn IF q ssi5 t5 IL u;
"For February, 1901 the following in
fcreases are reported n Southern Railway
gross earnings over II per cont. net earn
ings 2S.9 5pcrg cen Atlantic Coast v Line,
gross earnings 10, z per cent, net earnings y.
e6.3 per cent; Louisville and Nashville.
railroad. gross 19.1 per cent, net 20 per
cent. st. Louis and San Francisco Rail-.
road. gross 1853 per cent, net lO.l per
cent. St. Louis Southwestern Railway,
gross 1g.s per cent, net 67.s per cent;
Kansas $ City Southern Railroad, gross
s9.5 per cent, net 3S.6 per cent; Central
Of Georgia Railway 81 gross, a decrease Q
a trlfle over1 per cent, net, an increase
of very nearly 3e,s per cent? Chesapeake
and Ohio Railway, gross 81 per cent T.,
and net ;1.2 per cent, both Icing in
creases: Norfolk and Western RailWaS,
gross. an! Increase Of SO per cent, anu
net, a decrease of less than l per cent.
Thus Tor the midwinter month these nlne
roads show an average gain in gross
earnings OF oS per cent, and In net
earnings Of very nearly "a per cent. me
large gain In net earnings as comparea
with the increase In gross earnings IS
due generally6to5 growth Of business With,
out a proportonate Increase In the COST
of conducting 1t.
considered as. q whole this display OF
the results Corporations BY southern rail-
roads is exceedingly gratifying. ana IS ~
thorough harmony with the reports q
success and progress that are coi'!ils
from other lines or business in the South
and Southwest,
nForty-nine new railroad projects re-
nortcd since tile first OF the Year for the
South and Southwest contemplate
mileage of Also. West Virginia heads the
list OF March Incorporation with ilvc
| companies: Georgia Is next, with four
| then come Alabama and MISSISSIPPI, VIII
| tbree on oh, they are followed by Virginia,
| Arkansas and Oklahoma. with two each,
While North Carolina, South Car
! DINA, Kentucky, Tennessee floridn,
land Missouri are Represented ny
4 one each, All OF tllese 4aSouip"aitie'
are separate Interpretations, not belns
| connected with any Of the large systems.
| Probably the most important Is the liue-
water Railway, incorporated in Virslnlh
10 build the new coal road from the
west Virginia bituminous fields to noe
water, the new line projected rom
West Virginia, Kentucky and Tennessee,
lin fact being principally for the purpose
of developing coal and timber lands, AZ
though they will act as common carriers.
Thcre arc also several other projects % :.
MAGNITUDE, one OF them being the St.
Louis, Little Rock and Gull Ral!rond'
which proposes to build about 100 miles
Of line from st. Louis 70 the Gulf coast
Of Louisiana. With a branch TO Beaumont.
TEX. Another is the oklahorH, Roswell
and White Mountain Railway protected
| from Mangum, o. T., to White Mountain,
| n NJ, about 400 miles The seabnard
Traction Company. of Norfolk, va. y
another with plan TO build about @e
miles OF electric railway through the
Trucking district in that State, neluains
d main line from Norfolk TO Petersn ufs
and Richmond, The Atlantic and western
Railroad issa fourth enterprise that y
nrojacted from Cumberland Nd, to
| Huntington. w Va, about 90 miles,,