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Yes. In the 'Scott Specialized Catalog of US Stamps' the oldest US stamps have a subcategory for cancellations. Special cancellations can increase the value of older stamps. 'Railroad' is one of those cancellations.

Note: You reference a 20 Cent Special Delivery stamp. A 20 cent Special Delivery wasn't issued until 1925. A 'So. Rwy' may add a little value to the stamp, but I wouldn't expect much.

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Q: Did company's mark stamps ex Southern Railway 20 cent Special Delivery has So Rwy in nonperferated holes on face of stamp and would this add any value?
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