The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-06
VALUE Of STOCKS
OF PENNSYLVANIA
Increased Seventeen Millions of
Dollars During the Past
Twelve Months.
HAS SOLD MT. VERNON ROAD
Full Report of Southern Railway
Shows Large Earnings for
January.

One always interesting page in the
Pennsylvania Railroad Company's annual
reports is that giving the list OF securi
ties owned by the company. While
comparison of the report just issued with
that OF 1904 does not disclose any startling
changes, the par value Of the stocks held
increased sl6,9l4.So5 to S2S9.95O.9i2, while
the par value of the bonds owned de-
creased s7aS,257 to Al,s69,sea The income
from all these, securities was slN0ls,o 26,
against s9,S6i.58S in 1901. an increase of
sl53,4 1873.
A comparison of the reports for the
last four years shows that the company
is steadily adding to Its holdings OF
stocks, while nj the same time 1t is
decreasing it's ownership in bonds. In
four years it his increased its stock
holdings by s2S,6ll,Ii0, while decreasing
its bond Investments in the amount of
slo,5l9,1 30. In the same time the income
from securities owned has increased
nearly 100000, the exact figures being
Sl,S99,l66
The following table shows the four
years changes in the par value of stocks
and bonds held and the income derived
therefrom:
Stocks-1eO5. s2s9.95o.9i2; 1904. ST., 9Is 1871;
1903. s2Is, 75S. 4s7: 1902, $685., ,2o2.
Bonds-leo5. Sil01L542; 1901. Sil $50, I99;
1893. s20s3.2 s7; 1902. SOL. 5el,oe
Income 1905, slcois,o 26: 1904, ss,Ssi.553;
1903, 1882. 56s; 1902, sS,lls,S6o
OF course, the greater part of the gain
last year in tho list of stocks held was
the result OF the s2o,GI.odc increasein the
capital stock OF the Pennsylvania Com
panys the entireacapital stock OF which
Is held By the Pennsylvania Railroad
Company. Another addition of consc-
qucnce was the s2.2l6,5oo special guaran-
teed stock of the Cleveland and Pitts
burg Railroad Company. Next in ilnpor-
lance was the acquisition of $4,000 stock
of the South West Pennsylvania Rail-
way Company. The Pennsylvania RAFT
road Company formerly owned two-thirds
O: the stock of this road, and during
the past year it acquired practically all
of the outstanding shares, making its
total interest inc this property sl,4o9,s00
Minor additions to stock holdings last
year included s14.532 5 per cent. preferred
stock of the Baltimore, Chesapeake and
Atlantic Railway Company; slb,5NO Cam
bria and Clearfield stock; $4,000 Mer-
chants Warehouse Company stock
$4,000 Pennsylvania Monongahela and
Southern stock, and $3.50 West Jersey and
Seashore special guaranteed stock. There
is now only about 100000 of the latter
stock outstanding, and the Pennsylvania
Company buys it in at auction whenever
the opportunity occurs.
During the year the company merged
the Pittsburg, Virginia and Charleston
road with its own system. thus eliminate
ing the $500 200 stock of this company
from it's list of securities. 1t also dis
posed of it's 100000 interest in the stock
of the Washington. Alexandria and Mt.
Vernon Company, a trolley road operat-
ing near Washington.
The Colorado and Southern in planning
to build 3Oo-mile extension northward
from Grin Junction, Wyoming, to a con-
nection with the Yellowstone River, in
Montana. The road will compete with the
Burlington. which makes its connection
with the Northern Pacific at Billings, on
the Yellowstone. An engineering party
is in the field. The proposed line ex-
tends through a fertile agricultural and
grazing country, Work is proceeding
rapidly on the Colorado and Southernss
Gulf extension 1t is expected that the
line will be completed this fall TO Hous-