The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-09-14
NORFOLK { WESTERN
HAD A FINE YEAR
FIGURES GIVEN IN SEVENTEENTH
ANNUAL REPORT SHOWS THE
ROADS PROSPERITY
IS GOING FORW ARD
ELEcTRrFIcATIoN OF PORTION OF
SYSTEM TO COST OVER THREE
MILLIoNs-DETAILs THAT
ARE INTERESTING
is GOING FORWARD

The Norfolk and Western Railway
company has issued its seventeenth
annual report, which covers the fiscal
year ended June 80, 1913 in pamphlet
form. The income statement therein
shows total operating revenues SAL
739.92o.52, increase as compared with
the next preceding fiscal year s4.-
004, 63S.47; total operating expenses
$2s,565.s12 increase 81, sos, $50. 90:
net revenue from rail operations SIS
174.107.5e, increase sl.1o8. 300. SO:
railway operating income after taxes
(inciuding also deficit of sT.60S.09 in
auxiliary operations1 $l3,714.4 99. Al,
increase s1.07a. 1o1.19; gross income
st5,47s. ss1.os, increase si.4so, 341.62:
net income after fixed charges. etc,
s11.i0s. s41.4f. increase s1,632,2iT;
income balance transferred to credit
of profit and loss after payment of
dividends on adjustment preferred
stock $lo,1Ss.97 increase ST.
632.217. Ratio of operating expenses
to total operating revenues 6531 per
cent, as compared with 64.60 per cent
last year.
The profit and loss statement shows
balance at the beginning of the fiscal
year sS,5So.S31a9 70 which were
added the credit balance from the in
come account for the year and miscel-
laneous credits. making the total
--r~+aits-st rs + = @42. 81 -ailt- HIGH
were paid dividends on common
stock amountings to s5,T5a.52i.50 al
80. appropriations for additions and
hetterments. amounting to sl,5550
which. with other smaller debts, left
the credit balance June 80. 1919. at
sI1.423.10e.35. an increase of over SO
per cent as compared with the bal
ance on June 80, 1912.
Considerable data Ia presented con-
corning the construction work of the
company. II is stated that by the
end OF next year 1t Ia expected that
the Virginia Carolina Railway (which
the Norfolk and Western controls)
will have completed it's North Caro-
lima division as far as the Ashe-
Watauga county boundary, nearly as
i-2 miles, the estimated total cost Of
the work being sl.250.000. This
division" continues the report. will
traverse large areas OF virgin white
pine. oak poplar chestnut and hem
lock timber. and will serve an excel
lent stock raising fruit and general
farming section. X has further de-
velopment possibilities in regard 10
high-erade iron ores and bark ex~
tract
The Norfolk and Western also pro-
poses to build an extension of 20 IL
miles 10 the New River. Hoiston and
Western Railroad from Rocky Gap.
in Bland county Virginia. to the
headwaters Of Hunting Camp Creek
at an estimated cost of ss5o.o00. and
ii will be finished in about year.
The extension will go through large
s,tyN l-rll a -
agricultural region. which will furnish
important tonnage TO the line. Com
troll of this railroad was acquired dur
ing the past year. 1t connects with
the Norfolk and Western near Mar
rows. in Giles county
The Williamson and Pond Greek
Railroad was completed during the
year from Williamson. w Va, into
Pike county, Kentucky. following the
valley Of Pond Creek TO coal mines.
The main line Is twelve miles long.
but branches. spurs and sidings make
its total trackage about twenty Ave
miles.
1t is also observed that the connect
ing line from Jaeger. w. Va, to Cedar
Bluff. Va. about fifteen miles. was
finished and opened for service last
spring, as heretofore reported. On
the lug foFk nIaIiCfl the rtdtdIu-
Harmon spur of the North Fork
Branch. one mile long. has been FIN
ished. and the King branch, near West
Vivian, w Va. also about mile in
length. will be completed this month.
Concerning the identification of
thirty miles OF line between Bluefield
and Vivian. for hauling the heavy coal
traffic there. the report says that
the management after full investiga-
ton determined that the service could
be conducted by electricity with much
greater economy than by steam. There
the density of train service is great
est and the opposing grades the
heaviest The cost of this improve
ment will be about $4,000. 900, and
about two years will be required for
it's completion.
There are forty-f1ve miles of sec
or Ave sections on the line In Vir-
ginia and West Virginia. which will be
about February next. and
there will then be sos miles of double
tracked main line In operation be-
tween Norfolk. Va. and Columbus. O..
and 81 1-2 miles OF single track
This estimate includes as second-track
the ow-grade lines around Petersburg
and Lynchburg and the Big Sandy
line.
Among the new local Industries
along the Norfolk and Western lines
are twenty-six manufactures of min
eral. metal and other products, forty
four manufactures OF lumber pro-
ducts, twenty-one manufactures Of
farm implements and farm products
and twelve coal mines, There are 140
producing coal and coke
with 221 mines. of which ei2 are be-
Ing operated. There are 6.407 coke
ovens in blast out Of total OF l8,ssf.
with . daily capacity Of ITO tons OF
pig iron, ana ten ont ~ hlast with q
dAiJF capacity of !. %1k ~
8 cornpany adde M 1f1 suulp-