The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-10-11
AND OHIO
MAKES pretty GOOD SHOW
Increases i'm Both Gross and Net
Earnings, and Some Other
Things Considered.
) SOME HoME-MAKlNG STUNTS
Railway People See the Handwriting
on the Wall. and the Agricultural
and Derelopmental Idea Gets to
the Front.


The thirty-siXth annual report of the
Chesapeake and Ohio Railway Com
pany. which covers its fiscal year ended
June 80 last, makes an agreeable show
ing. operating revenues, both gross and
net. having Increased, the former about
" and the latter about 81. per cent.
AS Tor the construction done during
'he year the report reviews it thus:
Al Newport News, Va, the Atlantic
tidewater terminus of the company,
an aii-stcel dumping pier has been con-
structed. one side of which was com
pletcd and put into operation June l.,
1914. This pier is electrically opera ed
ana equipped with every modern ap-
pliancc for the expeditions loading of
coal into cargo vessels and bunkers.
The cost of this pier, with it's accom-
panying facilities. is about $3.50. 900.
nearly all of which has been eXpended
at the close of the fiscal year. The
pier has rated capacity of 5000 tons
per hour when both sides are i'm op-
Grafton, the road cars being dumped
INTO conveyor cars, which are lifted to
the top of the pier by electric elevators,
and the service which the company
can give at this pier promises a record
FOR fast transferring OF coal from the
railway car to vessels
I'm view Of the desirability of pro-
vidinS connection from the main line
at, or near Portsmouth, on the Ohio
River. to the main line of the Hooking
Valley Railway Company at or near
Columbus, Ohio. in order TO facilitate
the constantly increasing shipments OF
coal To the Lakes and the Northwest
the Chesapeake and Ohio Northern
Railway Company has been iacorpo-
rated in Kentucky
Extensions of Gaulcy branch and
of Logan and Southern Railway and
GonStruction of Eikhorn and Beaver
Valley Railway. aggregating 3l.6 miles,
have been completed.
There We're 1855 tons of new
rails ti,2SOf tons l00-pound and 1855. l
tons ninety-pound), equal to 93.5 track
miles, used in the renewal of existing
main tracks"
The revenue coal and coke tonnage
was l9.:5l.4SS, an increase of l7.7 per
cent; other freight tonnage was S.
4IO,O21. Il decrease of 80 per cent.
Total tonnage was 2I,722,0l5 tons, an
| increase of 10.l per cent Freight
revenue was s2S.S66,5l6.l6. an Increase
of as per cent Revenue ton miles
per cent. Ton mile revenue was 400
mills, decrease of o. per cent
| There were 6,i?1,256 passengers car
RED. an increase OF lOS per cent. The
number carried one mile was o9l.-
6o3,Sli, an Increase. of 90 per cent.
"''e"Sci revenue WAS Sb,uSS,UOS.36, an
increase OF Al per cent, Revenue per
passenger mile was 2.O9l cents, n de-
crease Of a.7'pcr cent.
| The income stat ~nent shows that the
operating revenues for the year were
! S36,G90.O2l. increase, as compared with
| the preceding year. s1.60i.T42: operat-
ing expenses, s25,G53.936, increase ST.
20a.3I6; net operating revenue. Sill
|, 036,0Si. increase S403.366: operating
! income after taxes, S9.TO5,l49; total
income. Sll,S59,6S0: income availabl,
for interest after deduction OF rentals
and other payments. S1O.906.4G3. in
crease S2SS,S01; net income after deduc-
| ton of interest, which amounted to
| I2I per cent OF the amount available
| S2,971.SI5, decrease s326.6S7; remainder
after dividends. si6o,55l
! The total assets OF the company were
| S2SS.95?llS, which includes the road
and equipment at S214.5S5, Sl9 net