The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-04
IS CONSOLIDATE INC
THE GEORG|AL|NEs
Williams and Associates Have
Purchased Six Roads, With
227 Miles Of Rails.
THE EARNINGS ARE FABULOUS
Railways MI Over the Country
Are Prosperous--c. s. o. Earn
6a Per Centum.

The Georgia and Florida Construction
Company dneorporatedl has been organ
izod here for the purpose OF uniting ana
forming n trunk line out Of several GeoF-
ria railroads. purchased by tue synolca'o
organized By Mr.. John SHELTON Williams
j. W Mittcndorf and their associates.
1t Is said that six railroads in Georgia
have been purchased. with total mileage
OF 227 miles.
The wall Street Summary has this
to say regarding the fabulous raiiroad
earnings:
Pernaps the best technical promise OF
the stock market may be found In the
thorough cleaning out of speculative ac-
counts in many Issues, the completeness
OF which was pretty evident yesterday
morning Meant time, back OF all tempo
rary fluctuations are the enormous gains
which the railroads continue to make
II is impossible to -eSaggerate the
Significance of such January gains as are
recorded, as 200 per cent. IN Canadian
Pacific. 100 per cent. in Erie, ten per cent.
In Louisville and Nashville (hampered as
that road still is by the effects of last
years yellow fever auarantine), and of
nearly sixty-two per cent. in Chesapeake
and Ohio.
Twenty-Five roads officially reporting to
us have shown for the first month Of the
year an increase in net earnings over the
previous year of thrty-nne per cent.
Remarkable results for the fiscal year ara
clearly forecasted in the reports OF these
twenty-five lines for the first seven
months Of the fiscal year. showing a
gain OF 1886 per cent. Such almost fab
t,ious prosperity is bound to be attractive
TO the investment element despite any
temporary snarllng among speculative
operators.
Tho following companies have ordered
cars from the American Car and Foun-
dry Company: The Texas Company. OF
beaumont Texas. fifty oil tank cars; the
metropolitan Street Railway Company, OF
Kansas City. five vestibule electric street
cars. The Chicago. Burlington and Quincy
Railway Company has ordered six double
plow cars from the Rodger Ballast Car
Company. These cars are for April de-
livery and will be built by the American
Car and Foundry Company. The Boston
and Maine Railroad Compare has ordered
] 900 box cars of $4,000 pounds capacity.
The Canadian Pacific Railway Company
has ordered 500 steel cars. The Armour
Car Lines are building 400 refrigerator
cars. 1t Is reported that the Chicago.
Milwaukee and st. Paul Railway Company
Will build 400 cars. The Montreal Street
Hallway Company is constructing 100 pas
scngers cars at its barns Mt Montreal.
The Union Railway Company, OF New
York, has Just placed a rush order for
fifty trolley cars. The Metropolitan
Street Railway Company. of Kansas City.
has ordered twenty-five vestibule cleo
tr-ic street cars from the St Louis Car
Company. The Cleveland and Southwest
ern Traction Company mas ordered fifteen
interurban cars. The Augusta Railway |
and Electric Company has ordered six |
trolley cars. The Georgia Southern and |
Florida Railway Company has contracted |
for three freight cars. The Marquette |
and Southeastern Railroad Cornplny has |
ordered two siNty-foot coaches and two |
combination mail passenger and baggage |
ears. The Interstate Railway Company |
has ordered fourteen wooden hopper cars
The Sumpter Lumber Company has or
dered one thirty-seven ton Shay locomo-
tive.