The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-04-23
UNITED STATES RAILWAYS.
nav Orleans and Texas-Texas ner.
hants 90 be Invited 20 the
Crescent city.

cage bonds ON tho Wabash Pacific Railway
property will come out IN about ono month.
10 build and equip the 1902 miles Of rail-
road now projected IN this country and In
procesf Of construction will cost over $780,
100000
This earnings Of the Louisville Il Nashville
nlrlhd tor the first quarter VI the presel
yenr show ~ iRpronsc ui 100000 over what
they we're for u corresponding period In 1879,
The earnings OF the ienyer d Rio Grande
for tho week from April 9th 10 the tn inst,
we're $4,000, Alier tho middle of the
month the earnings will bo published rogu'
larry,
The Tore llgute cal-works ge now run
until midnight, 10 pressed Is the company
with work, Cnra manufactured NJ these
wn,ks hNe an excellent nHme 20 well DO
th.. stand up TO heavy service,
Tho Rogers locomotive works, NJ Patlor.
roll, n. D., have nearly flushed seventeen en-
gincs for the Wabash, st. Louis a Pacific,
and will soon begin on an order for thirty for
the New York, Pennsyl pnla ~ Ohio,
The freight earnings alone Of the New York
Central ana Hudson River railroad Tor March
aggregated S2,00O,00O Tho Lake Shore
road hAs recently been compelled TO refuse
freight, having more offered than II can
transport
Tho Louisville, New Albany and Chicago
Railroad company propose M issue OF So
100000 Of mortgage bonds W ia stockhOld-
ers Vt first 20 cents on the dollar, 70 put the
road In order This company has no bonded
debt now,
Atlantic & Pacilc.-A dispatch from San
Francisco say; General Seal who was
sent out To locate the new Atlantic IL POclic
railroad line in this State, has arrived in Thu
city, and reports that after entering Callfor-
MIA the road will cross the Mohave Plains,
and reach Los Angeles BY way of the Cujon
Pass Thence II will proceed, by way Of
Sun Francisco creek, 70 and through the
lyon Pass, or one or two other passes, either
Of which will give AN easy grade into the San
joaquin valley. Here the road will follow
the west bank to Sun Jose, and will continue
along the peninsula TO this city, which IL
will entor either by way Of South SIM Fran
cisco, or along Ocean Beach aud Cliff house
TO North Beach. The dispatch does not ex-
plain how the road is 10 get out of the San
Joaquin valley and cross the Coast range to
San Jose.
March earnings, so far as reported land an
unusual number of roads have reported
earIy), make better showing even than Feb
ruary earnings. Out OF 81 roadS, only one
shows decrease, and that is tring, and
many of the increases are enormous. Among
those ON roads without increase of mileage
are so per sent on the Canada Southern
NEARLY all of its traffic being through 80 per
cent on the Chesapeake Il Ohio, 81 per cent.
on the Cincinnati u Springfield, so per cent
on the Flint Il Pere Marquette, A per cent.
on the Indiana, Bloomington " Western, ii
per cent. on the Little Rock " Fort Smith,
30 on the Missouri, Kansas u Texas, 41g on
the 0gdensburg " Lake Chsmpar, and
So on the main line of the ST. Louis, Alton "
Terre Hautc 1t will be noted that several
among them carry trunk line tratlic--seVen
out of inc Of them-and the difference in
the rates in this traffic accounts tor good
part of the increase where this traffic forms a
large part of the whole.
Besides a sky-rocket advance in Louisville I
s. Nashvlle-whch, opening ut 1876 sold |
quickly up to 1879, an advance of ten points |
from the closing figures of Saturday-the
whole stock list WAS irregular and teverish in
the early hours Monday. There was no pro-
nounced tendency either up or down, but
the movements weremore indicative of weak
ness than of strength. Late in the day, how
ever, hopeful feeling appears to have
sprung up, and some of the stocks made
handsome gains, o, Is NJ, Eric, NJ, X, " I.
and Jersey Central were most conspicuous
in the improvement, which was fairly MAIN
tanned in the closing quotations. business in
the local market Was very dull and the tenn
per of the local spectators continues to be
STRONGLY heurish although it is quite appsr-
ent that the feeling is rather the outgrowth Of
timidity or q constitutional tendency to de-
preciate and dsparage things than the result
of Intelligent study OF the elements which
will make the future market The conse-
quence is an utter stagnation OF business.
Attention has heretofore been called to
the future possible trade between Texas and
New Orleans when heroad nearly completed
to Houston and the line to Shreveport is fin
isbed. Tho Houston Post says Yesterday
a Post reporter in conversation with gentle
men from New Orleans was informed that
the merchants Of that city would leave moth
ing undone to secure the Texas trade, MS they |
nave already subscribed about l0,00O. the
proceeds of which are to be used IN buying |
excursion tickets which will he given 10
Texas merchants with an invitation to visit |
the Crescent city and become acquainted with !
her business men. 1t is understood that eff
forts will be made to defray the expenses OF
all the merchants of the State who visit there |
during the first grand excursion, which is
supposed to take place about the hrst OF
June There is not n particle of doubt but
that New Orleans will make strenuous Of |
forts to secure the bulk of the Texas trade,
her merchants realizing the fact that
they have remained too long inactive, and
THAT an opportunity now presents itself which
it Is tnelr daty TO embrace without delay. !
The immense business done in New Orleans
the past season has encouraged the business |
men to such an extent that they will exert |
themselves to keep up the boom, as promi- |
nent merchants have stated that the shipping |
and business generally, was the largest |
known in years, and equal to that of ante
bellum days. The fact that an immense
volume of the grain trade is seeking river
transportation has induced capitalists to take |
contracts to ave the bulk of it brought |
down the river in barges and transferred to
ocean ships by floating elevators. which ena-
bles the cargo to be handled and reloaded in
nm expeditions manner It has been stated
that jay Gould is interested in the scheme,
and will no doubt by his efforts divert much,
il not all, of its trade for Europe into its
Il h., 81