Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-07-17
INDUSTRIAL STOCKS
LEAD OVER RAILROADS
freponderance OF War Orders Cause
Unique Condition OH Stock
Exchange.
EARNINGS OF COAST LINE
southern Pushing DoubIe-Tracking
IN Georgia-W. ID. Duke Returns
From Brief Visit to Maine Coast.
New York Central Makes Gain.

FOR the first time in history. the
Twelve leading industrial stocks an
inc New York Stock Exchange arc sell.
ing at a higher average prico than tho
! twenty leading railroad stocks How
me ihoustrials will hold the lead
! question. normal difference i'm
VIC seiiihS price of the two sroups
"uLInS past years has been - points.
.eT the Stock Exchange rcopcnc,l
! last december the industrials ay,r,rcd
.a.'6 and the railroads oO.ai. since
men the fndustrials have responded
! 10 the great volume OF war orders and
Mhiic the railroads have not lost they
,h scarcely made any gain Now
lhe average price Of industrials Is o, %
ana mat Of the railroads aO4.
! Slockholders OF the Atlantic Coast
! Line nave received assurances that tho
earnings OF the company for the fiscal
year ending June 30 will exceed bv a
fair margin the sum necessary To meet
| me per cent dividend which has been
PAID. In 1914 the Coast Line had a
oa rance Tor the common stock of s7.si?.-
W.: out the indications are that for
.:lo the surplus Will barely exceed
St.VVo.ooo. To meet the . per cent divi-
dcnd S3.427,o00 is required.
ne coast Line has been exceeding
~ nard nit by the depressed business
ton",,iohs In the South. and. despite
NE orastic cuts In expenditures. the
! net income VIII fall off approximately
sa'ooo. ooo No decided improvement is
| expected in the Coast Lines traffic
| conditions before autumn, despite the
TACT mat reports for the last two or
three months have shown an upward
| trend.
mere are 10000 stockholders i'm the
baltimore and Ohio Railroad Com
pany. and OF this number 1000 own
less than twenty shares each About
i'"oo or the stockholders are women
ana the largest foreign interest is held
in Germany.
FINANCIAL writers in New York arc
commenting on the quick recovery in
| the net earnings OF the New Sorl,
Central. and predict that tho nrosont
year VIII be the best for the road in
the past six or seven The dividend
Tor the year is practically assured. and
the balance is likely to reach per
cent.
| The Georgia Railway Commission
has authorized the Southern Railway
! TO issue s3.Oo0,oOo in bonds for the
purpose OF Misunderstanding certain
sections OF the road in that state Ar
ranEemcnts have already been made
Tor the sale OF the bonds. and the
money for the improvements will be
spent during the current year thus
aiding in relieving the business situa
! tion In the territory where the work
will be done.
w. d. Duke, assistant to President
) White. of the Richmond. Frcdcricks-
burg and Potomac, returned vcstcr-
| day from Portland. Me. whence he ac-
companied Mrs Duke and their chill
drcn. His family will spend the re-
| mainder OF the summer on an island
on the coast Mr. Duke said an over
coat felt very comfortable leaving
! Portland yesterday morning.
| President w. II. White. of the Rich
! mona. Fredericksburg and Potomac.
went to New York THURSDAY