Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-08-12
VOLUME OF BUSINESS
ON c. & 0. INCREASES
Revenues Show Gain in Excess of
$2,000,OOO During
1O14-15.
INCOME DROPS 10 PER CENT
Net Figures in ComptrolIer's Report
S3OS,278 Less Than Total for Pre-
ceding Year June Statement
Gives Increase for Month,

although the operating revenues OF
the Chesapeake and Ohio Railway for
'he fiscal year ending June 80 last
snow An increase OF more than $1,000
900, the net income for the twelve
months decreased s3os,27s from the
tota! FOR the preceding year The de-
crease was 10 per cent
inc annual statement of the roads
earnings and expenses, together with
,ne ures Tor June. were issued yes
ueroaF by Comptroller l.. F. Sullivan.
inc showing for June is considered
soo"' inc revenues increasing 10 per
cent and the net income showing n
gam OIL per cent over the totals for
the same period in 1914.
with the big increase i'm the coal
I"a"inss OF the Chesapeake and Ohio
OF gram from the West to the sea-
board. the prospects Of the road for
the new fiscal year, which began July
!, are satisfactory. and the monthly
statements 10 come are expected TO re-
meet improving conditions in all classes
OF lreisht tranic The passenger bust
ness is not picking up to any great
extent. but viii compare favorably
with the record for last wear.
CoMPTRoLLER's FIGURES
FOR LAST FISCAL YEAR
Comptroller Sullivan's figures for the
twelve months from July /, 1914. to
June 80. 1915. arc as follows:
Freight revenues-l915. s31,2Ss,53S:
1914 s2S,S66,5l6; increase. s2,422,o2o.
including gain Of s1,o7l.5s4 in mer-
chandise revenue and si.35),456 in coal
and coke. The total increase is 3
per cent.
Passenger revenues-I9l5. s5,so6.oss:
1914. s6.o9S.o5s; decrease, sioI,970, or
per cent.
Total revenues dncludinr freight
passenger. mail. express and miscel-
laneous)-lal5, s3o.i6i,o3s: 1914, s37.-
$3.50; increase. s2.ooi.l73, or per
cent.
Total expenses-ls15. s27.55s.413.
1914. s26,il3,s9S; increase, sl,142.5i4, or
per cent.
LARGE INCREASE IN
OUTLAY FOR MAINTENANCE
Under the head OF expenses there is
an increase in maintenance OF way
outlay OF more than $500. 900, or IS per
cent. and OF $4,000 in maintenance of
equipment The net operating revenue
increased per cent, but the balance
carried over was reduced By 1857. 9Sl,
making a decrease in the gross income
OF l per cent.
The net income in 1914 was s2,97l,s15.
and in 1915. s2.663.53s62. a reduction
OF s3oS.279. Permanent Improvement
notes to the amount of $4,000, 900 were
paid of during the year, making 1t
necessary for the directors TO pass the
semiannual dividend
The June report shows a 81 per cent
increase in revenues from merchandise
traffic and gain of ID per cent from
coal and coke traffic. The passenger
revenues dropped off 6 per cent. The
expenses for June increased per cent.
The Chesapeake and Ohio has ordered
1900 tons OF 100 pound steel rails from
the Illinois Steel Company. making a
total OF $4,000 tons purchased since
January !. 1915.
Robert l.. OFT. chief clerk to f. W.
Grice. assistant to the president Of
the Chesapeake and Ohio, in charge OF
the transportation department, is on
his annual vacation
c. Fl. Lehman, division freight agent
OF the Chesapeake and Ohio. with
headquarters at Ashland. Ky, is n
TT,