The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-02-02
GREAT ADVANCES
IN RAILROADS.
A Comparison of Values for Ten
Years is Astound-
ing.
INDICTED FOR RgBA1Iue
INDICTED FOR REBATING
Rumors That Louisville and.
Nashville Will Be Put on
Per Cent. Basis.

The following table showing the ad-
vance in railroad securities within the
last ten years Is of interest. indicating
as it does. the prosperity of the various
roads and their increased earning ca
pacity.
In 1885, Northern Pacific could have
been purchased for n quarter of one per
cent. and. last year 1t sold for ZIG 1-2. In
la,6. Union Pacific was offered at 31-2,
and 1t sold in 1896. for 13s 3-s. .Atchlson
brought S1-4 in 1897, and in 1906, rose
to 90 rs, and In the dark days OF 50,
Reading common at LBS was not an at
tractive investment; yet, 1t reached, last
year. 43 "a. Erie in the same period.
rose from 10 TO 81 81; Southern Pacific
from IL to 72 as: Baltimore and Ono
from to III. and Norfolk and Western.
from is to SIS 1-2. The net earnings in
creases were likewise surprising: Atchi-
son In 1895, recorded 100000, and in 1875.
almost s12,UCO0oo. and Union Pacific, In
1895. only 100000, and in 1865.
almost s23,o3ocoo. Verify, last year was
banner year for railroads. and to the
prophets of 1895 went the profits OF 1906.
wages of conductors, trainnien and yard
men of the Boston and Maine Railroad
Company, to take effect Immediately. is
the result of the negotiations which have
been in progress for some time between
the employees and the management of-the
read. The number of men affected by
the increase is estimated for the system
to be not far from 10000, including not
only tralnmen and conductors in the
freight service, but employees in the pas
senger service. The company drops an
hour and makes eleven hours q day,
where twelve was the schedule, and ten
where eleven was the schedule.
Under the sliding scale agreement with
furnace owners, the southern railroads
are entitled to an advance in freight
rates on iron and steel products when
the price OF the latter Is raised, and an
advance of % cents ton will go into
effect on March 1st. The Louisville and
Nashville Railroad will benefit largely
by this advance and 1t is expected that
the company will show enormous gains
in earnings right along. So many new
coal mines, furnaces and other indus
tries are going into operation in its ter
ritory that 1t is believed that great diff
CullleS VIII De iIhppscu upsni s'iiH = e.aAoe'u
in handling the business coming from
them The Louisville and Nashville,
however, has added largely to its equip
ment. and It's new trunk line from Gin
c!nnati to Atlanta will facilitate moving
the traffic, 1t is confidently estimated
that the company will develop this fiscal
year am actual earning power close to
% per cent. 1t Is understood In usually
we'll informed circles that at the next
dividend period the dividend on Louis
vile and Nashville will be raised to a
n per cent. basis.
II is rumored that W. Fl. Marshall,
general manager of the Lake Shore and
Michigan Southern Railway Company Is
to he the next president Of the American
Locomotive Company The place has
been rendered to him and he has virtual
~ accepted. The details are to be work.
ed out at a meeting in New York this
week. For the work he VIII have to do
Eho is eminently fitted, as he is one of
tn chest mechanical men in the railway
world He is especially known for his
work as designer of the larger and
faster type or engines for the Lake
Shore {
William II. Bosley, president Of the
Suffolk aud Carolina Railroad. has been
arrested under an Indictment for re-
batting, found by the Federal grand jury
In the Eastern District OF Virginia. Mr..
Rosley was Immediately released on
$1,000 bah.