The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-11-02
GROSS EARNINGS Of
POWER COMPANY GROW
Owing to Government Work Hcrn and
at Norfolk Passenger Traffic
Increases largely,

The annual report OF the Virginia
Railway and Power company for the
year ending June 30. i9f7. shows the
gross earnings to be s6.044,t95.4l. an
Increase II $399,337.27 over the year
ending June 80, 1915. The gross
earnings fSr the railway operations
We're $S,156.79l.3e and of the light,
power ana gas departments, 81 49,
7o4.lI. The revenues from the light
and power system showed "A much
larger rate of Increase than did the
gross earnings OF the railway depart
n.ent The operating expenses in all
q DaItments amounted to $2,94l.-
Zs3.27, an !. Nease Of $265.ll4.49
ever last year The operating reve-
nue. in excess IF the operating ex-
penses was 39I03,202l which, to-
gether with an income from other
sources of $9S,39l.22. made the In
come of the Conpau, $320I $685..
slS6 % 81 over last year.
During Sic year 200 shares OF
treasury ptt erred stock were sold for
cash 81 IS IL per cent of the pa.
value The total outstanding stock
held for exchange June 40. 1917, was
Az follows Preferred. 1929 400;
com mon. $ll.950.GQ9. Balance IN
treasury. preferred. $1,000, SEQ. com
mon, S49 500. making the total au-
thoriezd capital stock 100000 pre-
ferred and stz.000,000 common. Div'-
deuds declared on the common and
preferred stock amounted 70 $S34,s34
for the year
No new main track was construct
ed during the year, although some
additional sIdings and turnouts were
k0ilt ard number OF Improvements
made Ia thu generating stations and
suh-statious and the transmission and
distributing systems all over the sys-
tenn.
Improvements In Richmond
IinproS ements on tracks In Rich
mona ware Az foiloWs: $50 feet rebuilt
IN Eighteenth street be''~een Broad
and Grace. on Meadow street CTS feet
OF track. between Ashland and Amelia
streets ives lowered TO conform to
tho grade established by the city, 400
feet rebuilt between Aiben1arle and
Spring streets on Cherry street; 42o0
feet relatd on First street between
Broad street and yiaduct.
The total humber OF passengers car
RED during tho year ending June 80.
1917. was 87,678,Gb4 For the year
ending June 30, 1916. there were st,-
207,tS2. or 3.465,b7Z legs than this
year.
The gross earnings Of the company
have Increased above the normal
growth during the latter part of the
year because of the establishment Of
she cantonment camp Mt Petersburg
and q naval base at the old James
town exposition site near Norfak
both of which are in territory served
by this company.
The increase in traffic At these
points made II ff.-.e--.,'yfsr tfts t'rrtya
pany to provide additional equipment
and contract was let for wenty adj
dItionaI double truck cars for delivery
in the early fan.
Gar Service Increased
On account OF the increasing rail-
way traffic IN the Gintcr PARK and
Barton Heights sections Of Richmond,
il was necessary for the company TO
increase its ear service in these sec
IONS and a new fran se was secured
from the city BY which the company
was perm ed to abandon a part OF
the track OF the old Richmond and
Henrico line which is being double
tracked for the necessary service,
Permission was also granted by the
Richmond city council to reroute cars
through Highland Park, which will
materially improve The service.
, Iite tsssSz a,,ss.e, tS4,~,gAey,= u Size eo$D
panY have Increased at a greater rate
than the gross earnings The price
OF coal and all other materials neces-
aary 10 operation has, tn "a large ex-
tent, affected the net earnings of the
company. Besides this the railway
and power company has raised the
wages Of the motormen and Conduc e
tors throughout the system at rate
OF Ave cents aH hour. this Item alone
making an annual increase Of ap-
proNiTnately $4,000. 600.