Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-07-31
COAST LINE STATEMENT
SHOWS SHARP DECREASE
Operating Income Falls on S2,OI8,,
4S9.54, According to
Report.
OUTLOOK GOOD, SAYS GRlcE
Assistant to President OF Chesapeake
and Ohio Sees Indications Of In.
creased Traffic-Many People Hold
Stock In Railroads.

| In the statement OF revenues and
| expenses OF the Atlantic Coast Line
Railroad for the twelve months. end
| in the operating income of s2,0I6isy.5i.
which is equivalent to % per cent Tho
operating income for the pr ,vinus year
! was sa05S,65o.64, and for i9li-l5,
Io43.lso.9o.
For June this year the operating
| revenue was sIl2.+04. as compared with
S415,s5A last year, decrease of s63,4S0
These figures show slight gain over
! the operating revenue for May, and tho
| situation is considerably better than
appeared during the early months of
tho fiscal year.
While the operating revenue for the
| fiscal year was cut down by $j.29s.4 1923,
the operating expenses, which includes
taxes. was reduced by S3.273.933 The
drastic reductions In the expense OF
| operation has saved any serious dis
turbance in the financial situation OF
! IN" coas, Line. The operating expenses
during June showed decrease of
| S4o0.36i below tho total for the same
| month last year. and the reduction in
| revenues was s523s11
The. outlook for the Chesapeake and
|
| months is very good said f. w C;ricc,
! assistant to President stevens, i'm
| charge of the traffic department, YES
! terday afternoon. Coal traffic is pick :
ing up. and with the highly favorable
| crop reports from the West. there ap-
| pears Indications Of continued improve
ment in conditions. The Chesapeake
and Ohio. by reason of the fact that
IT is moving a considerable proportion
! of the exports in grain. coal, horses
| and mules for the armies of the allies
| In Europe. Is in better position than
many other roads, and the result will
be reflected in it's statements OF rcve-
nue.. when the fiscal year beginning
July is we'll under way.
| Taking their cue from Wall Street,
which does not appear 10 feel that
| there will be any change in the Euro
! pcan war situation in the immediate
| future. railroad officials arc inclined to
|, take an optimistic view OF the business
| situation in general Manufacturinc
, concerns. such as the Virginia Carolina
! Chemical Company. which have sue
| cesSfully weathered the financial storm
, brought about by the war now i'm
| progress almost a year. reflect steady
! Improvement in their earnings. In view
Of the fact that these big companies
have adjusted themselves to the new
! conditions, no further breaks are an
ticipated. Any feeling that the United
! states may become involved in the
war has been dissipated to large ex-
tent and with this danger obviated
so far as the immediate future is con-
cerned. the general outlook for the
coming autumn is considered very sat.
isfactory.
y report issued by the Bureau o,
Hallway Economics shows that there
ar" a total OF 622.2S+ persons holding
stock in the railroad companies, char
tered In the United States. The total
capital invested is sS,es5.T64.1o5, and
, the average interest of each stock
holder is sl3.35s The average block
r, OF stock held by each stakeholder is
, eightyThrec shares.