The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-12-06
GEORGIA ROAD
IS DOING !. ! \. FINELY \
Much Of Stock Of tic Central
Georgia Company
Held Here.
CARRIES FREIGHT THROUGH
Seaboard Now Has Connection
Between Atlanta and Birnilig-
han-Visiting Railroad Men.

The following statement Of the affairs
of the Central OF Georgia Railway Com.
pany for the month Of October ms JUS
been prepared by Messrs. Scout ~ otliiis
especial interest to residents OF THIS sec
ton. where large blocks Of the road 5
securities are held. The advance III prlce
Of the bonds ind stocks OF tai1S corpora d
tion has been very marked Of late
7' ne tf Increase
1901. over 1855.
Cross Earnings. .sl,1o7,No $4,000
op pnd Tnxe nsp $4,000 1000
Net Earnings....s $4,000 100000
From July /, 1904 to October 81. 1901:
Increase
1904. over 1908.
and Taxes.e... .,4l0o9o 1000 (dcc3
Operation, EXPRESS
Net Earnings. sl,VS, 0o(, ss61 CO.., u, ~
Gross Earnings for l9G'-cl.. .Sso9o,uvo
5Cpera ton Expenses for 1903-04.... 6S6i.WJO
Net Earnings for 19O3-04. ...,....... ,53", OoU
Other Income for 1903-0i 80. 22O,ooO
Gross Income for 1903 -0i 9 15;: coo
FIxed Charges Taxes for l9O3-H. 2,4li, eco
Net income for l9D3-O4 .....,..... 33S, 900
Add Increase iii net earnings for
first four months of this year.. 36l,OOO
Estimated net income for fiscal
year ending June 30, 1905, with
a out allowing for any further IN
crease in earnings. .............. $4,000
Equal to dividend on
100000 First Income Bonds 5 per cent.
$4,000 Second Income Bonds . per cent.
100000 Third Income Bonds ~ per cent.
4 The Central Of Georgia Railway ". Com
reny also Owns the Ocean steamship
Company, .tTe.. capital stock Of which is
+ 81, 600 600. ]"
Tho surplus earnings OF tho steamship
company for the fiscal year ending June
20. 1903; were $780,, Fss.
No part of tho earnings of the steamship
company Is reflected in the income ac-
count of the railroad company. since 1900,
they having been invested inncw steam
ships improvements to terminals. etc.
The Seaboard Air Line Railroad yes
terday opened for freight traffic the new
~ constructed line between Atlanta and
Birmingham, Ala, on clitNwork has
been In progress for more than Il month.
Tho new line Is 1G6 miles long. and has
been bllilt in the most Substantial man
ner. The limo viii be opened for passen-
ger travel also, early III the spring, Sc
ginning Yesterday the line WAS opened
for through freight. The time on freight
between New York and Birmingham via
q the Seaboard and the new link Is four
days. The opening Of This link is he
most important development in the ui,-
building OF the Sea boards business since
The opening of the route from Washing
ton to Richmond. 1t will afford through
connections with The roads entering Biz.
mlngham, including the Rock Island Fris-
co system, which AZ one time had ar
option on the road. Birmingham itself is
one of the most important railway ship.
ping points In The South and is tho con,
meeting point OF railways ridiatng Il
various points. The opening OF tho lin,
Is a distinct epoch in the growth OF The
seaboard system.
". A. Gore, train master Of the SECOND
division Of tile Scaboard Air Line Rail
way with office NJ Raleigh, and Mr.. G
o. Walton, train master of the fourth III
vision Of tho ss,Ino system, with office n
Jacksonville, ETA. arrived in the cit.
Yesterday. and arc l.i~ Tor II day or two
Both gentlemen were visitors at the dis
trict passenger offices Of the line.
The Southern Railway announces e(