The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-01-28
COMPARISON Of
THREE RAILROADS.
Earnings of the Subsidiary Roads
Of the Pennsylvania
Compared.
PHILIPPINE BIDS ACCEPTED
-
Baltimore and Ohio Will volun-
tarily Increase Wages of
Traintnen.
PHILIPPINE BIDS ACCEPTED

In a circular letter by Scott g. String
fellow, bankers. Of this city, a compar-
ison Is made between the Baltimore and
Ohio, Chesapeake and Ohio and the Nor
folk and Western. between which three
railroads, 1t declares. fairer and moro
intelligent comparison can be made than
OF any other properties having points of
resemblance. statement Is given on
the earnings of these roads for the five
months of tho present fiscal year to NO
yember Goth last The circular states
that although these figures are not off,
cial. they are practically exact and can
th relief upon. According to this state
ment, the balance after charges and five
months dividend on the preferred stocks
OF the Baltimore and Ohio and the Nor
folk and Western. is equal to $40 per
cent. on Baltimore and Ohio common,
1884 per cent. on Norfolk and Western
common. and per cent. on Chesapeake
and Ohio. The equivalent for the year
,s 12S per cent. on Baltimore and Dno
common $50 on Norfolk and Western
common and 40 on Chesapeake and
Ohio. The earnings on tho market value
ere lilo on Baltimore and Ohio, 1850
on Norfolk and Western. and IL per cent.
on Chesapeake and Ohio. The circular
adds: Therefore. assuming earnings for
five months to be a fair criterion. II Bal
timore and Ohio is to-day worth 49,
Chesapeake and Chic Is worth "a, and IL
Norfolk and Western is to-day worth
%. Chesapeake and Ohio Is worth 60. Con-
sequently Chesapeake and Ohio is about
50 per share relatively cheaper than Bal
timore and Ohio, and 50 per share rela-
lively cheaper than Norfolk and West
err."
The following statements of earnings
have been issued. showing marked in
crease:
Central of Georgia-Third week Of jan
uary, 1906 s28,s5o; 1876, slsi.sco; increase.
s3I.i5o. From July list. 1906, s5.is3, 63e: 1905.
s5,es5c50; increase sisL57s.
Louisville and Nashv!lle-Third week of
Jsnuary 1906. sssl.s65: 1905. s7io.s3e: in
crease. .l2i,o35. From July LIST, 1906. s23. 49,
7es: 1906. s2e,15e,as; increase. sl,s60,ss7.
The Philippine Commission. by formal
act. has accepted the bids OF the White
syndicate TO build. under per cent guar
antee. several hundred miles OF railroad
in the islands OF Cebu. Panay and Negros
Secretary Taft has approved the act. so
the award or contracts has been prac-
tically settled. sand the bidders have been
told TO prepareNto begin work. This will
Insure the construction of railroads In
some OF the best sugar and hemp coun-
try In the archipelago. There will be
one hundred miles laid in Panay and
Negros. and ninety-five miles In Cebu.
No decision has yet been reached as to
,a-I - To-. ~.
Important railroad construction on the
island OF Luzon.
AT meeting OF the stockholders OF
the Rock Island. Arkansas aud Louisiana
Railroad, held yesterday, the lease OF that
road, heretofore made by the directors with
the Chicago, Rock Island and Pacific
Railway Company. was confirmed. The
lease is dated January 81. 1906, and runs
for $3.50 years. or until January 81, 2?n5.
Under the terms of tie lease the Chicago,
Rock Island and Pacific Railway Com
pany guarantees the interest at per
cent. on the 100000 of 5o-year per
cent. gold bonds of the leased company
The majority of the trainmen employed
by the Baltimore and Ohio Railroad will
be given n voluntary increase in wages
In short time, according TO reports cir
culated mere.
The statement Is issued from the office
OF First Nfce-President Green OF tho
Pennsylvania Railroad Company, that
that company Is not buying Reading stock
nor is 1t in any way responsible for the
recent advance in that stock.
In consequence of the donation of $500
by the Erie Railroad Company. the en-
ployes OF that corporation at Susque-
hanna, Pa. have been able to remodel
portion of the passenger station into i,
Y. NJ. c. A. headquarters, which were
opened last Monday. Citizens of the place
and railroad men contributed $500 addi-
tional towards the work.
c. NJ. Tyler has become travelling
freight agent, and George L. Castor, so
lIciting agent of the Southern at Tampa,
Fla,
c. 8. Hall and W NJ. Clubs have been
appointed travelling freight agents of tho
Rock Island and Frisco System, with
headquarters at Atlanta
MORE ROOM.
-, - SEE. ~,