Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-05-02
c. & 0. RAILWAY PUTS
PROFITS INTO ROADBED
NV prospect of Dividend This Fiscal
Year, Notwithstanding In
creased Earnings.
ATLANTIC COAST LINE REPORT
substantial Increase Shown i'm Gross
ana Net MISUNDERSTANDING
large Freight Terminal for Rich
H"nd-iiig Movement OF Coal.

'esapeakc and Ohio Railway Com
earned S.14 per cent on it's capt.
w stock I'm the nine months of the
c4Nont fiscal year. ending March 81.
INST go pcr cent for tho same pc
- Oh itat year, or an increase of 5.i4
per cent. Railroad men say, however.
,'"' IN considering the present posi-
,.'h oi the road that too much import
",'ee should not he placed on the sur
y,.'S ipr stock rs factor for dividends.
''.f directors have committed thorn
"',NeS, it is said, to 'cxpend for capt.
'|i purposes an OF the balance earn
CO.. after charges. to May ], covering
eleven months.
Under the agreement OF the note sale
o. $"3.ooo.000, made in 1913, and which
INC company will redeem In the next
~" weeks. the road was forced to
place back in equipment and other
neiterISen's OF the line 100000 by
.M'ty l. This completed the require
ment5 OF their sale. and now these
notes VIII he taken up. It is expect
so mat for the whole year ending
inme 20. next. the surplus for stocS
VII b" between 10 and II per cent.
compared with AZ per cent last year.
There is little prospect. 1t is said, OF
any dividend on the stock this fiscal
Near' FOR with the surplus to May
already taken up. earnings for only
Ma and June would be appiica bic TO
~ got considered any distribution OF
this balance.
Operating revenues Of the Atlantic
Coast Limo Railroad Company for March
aggregated s3.576.o92. as compared to
yta ."02.7Se for the same month OF last
yecr, showing a. substantial increase,
according to figures made public yes
terday. Expenses and taxes for the
month were 1921 66. AZ against So
us2.4l3. while the operating income was
si,33S, GoJ, compared with Sl.22o,3I5 last
March.
For tho nine months Of the current
fiscal year the operating revenues aS-
creRHtcd S2,,40T.45c. AS against s23,-
$1,000 for the same period OF last year.
opera,ing e%pcnses and taxes Tor the
period were siS.333,4S5, az compared
with siS.524.s46 a year ago. The cp-
grating Income for tho nine months
aggregated s7.o73.os4. as against So
ll"i5- last year.
4. coal ard coke traffic over the ches-
'ucakc and OHIO Railway continues 70
ehow tremendous increases. according
20 nsurcs Ynadc public yesterday b?
Wilson Howe. coal agent OF ths
road. During the month OF ApIh Inere
vas loaded on the lines OF the Ches
apcake and Ohio 2.3so,6lo TONS OF Do'i
aud coke. rs compared with Sl.Sns'-
.ap tons for the same month OF last
,aar. showing an increase ~ iHl'o-o
am, dunpines OF coal over the piers
newport News for the month
Mounted 10 3So.4lo tons For the ca
.raar wear TO date the Chesapeake hnu
OHIO halfway Company has dumped
i7s5Io tons OF coal at Newport News.
compared with 1l27.l6I for the same
...rlod OF last year. IN Increase OF
sl.2ia tons
rircctors Of the y>tlrn,ic Coast Line
Il ,lroad are reported to be contcm-
Mating the expenditure Of approx
-.,ely S2.o0n.0oD i'll improving the
.iyht terminal facilities IN this c!ty
The Byrd Street Station. This cN-
.,.udlture Is said TO be In addition 10
dies erection of the $l,000,000 passenger
station. which VIII be built jointly by
tie Coast Line and the Richmond.
fredericksburg and Potomac Railroad
Company on the Hermitage Golf Club
rite
The Cons, Line has. for several years,
tocu acquiring property south or the
!syrd street Station. and only last week
.purht another large lot. which repre-
/, -,rtod an expenditure of S55,o0O. The
r,nd announced about TWO years ago
mat large improvements would be
made in Richmond, but as yet no large
development has been undertaken. 1t
rs understood that work OF charging
nc freight terminals will he started
In tbs ucNt few months, although il
may he delayed. It is said until the
ai"w union station, on which work will
F.c started shortly. is completed.
Every branch OF farm life In Vir-
.inla "a described. and many timely
suggestions for improving the asri-
cultural work In the State are made
IN tho June issue OF the Chesapeake
a:,d Ohio Railway Company's quarterly
magazine. the Agricultural and Indus
trial outlook. prepared by the indus
trial department. OF the road, which
came from the presses yesterday The
.lunc issue, with a frontispiece In col
crs is Ivy far the most attractive issue
VT IN" publication prepared In several
years The magazine is published by
X T Crawlcy, industrial agent. and
q r Wall assistant TO President Stew
ems