The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-04-20

estlnK Facts ana Sta ihtirs,
Stock Of NJ. X, & 4, continues 10 sell At the
rate of from $4,000 10 $4,000 shares per day
in the New York Stock Exchange,
The boat Undne IL now crossing 1000 ties
daily ut Sioux City for the incomplete No
braska portion Of the ST. Paul, Sioux City y
Omaha line.
Tho engineers Of the st. Paul company
who are running the Omaha line are now
setting stakes about the head OF Elk creek,
Nebraska. The old Columbus line grade Ia
not followed ut that point on account OF It's
sharp curves.
Its estimated that II will cost Mr., William
II. Vanderbilt about Sb,OOO0OO to carry out
the improvements contemplated between
Fifty-eighlh and Seventy-second street,, on
the west side, TO facilitate the trani-shipment
Of ocean freight
There are nearly 900, 900 miles Of railroad
In tho world, u ! Of which have been con.
struoied within hal' n century, NJ n cost Of
Sl6000,000000. II is estimated that their
ealdngs In transportation, as compared with
former methods, amounts 10 Mt least one
tenth of their cost annually,
The Pennsylvania rond ia adopting the
new electric bells. To stop or start the
train tho conductor has nothing TO do but
pull small cord, which runs the entire
length of eacu car The slightest touch Of
this cord will ring the bell At the engine. 1t
Is n decided Improvement on the old method.
Mr.. Robert j.. Harris, formerly Engineer
in Chief of the Boston, Hoosao Tunnel IL
Western railroad, IN connection with John
Ross, of Homer, Ontario, has taken acontract
TO build | 0 miles of railroad from Austin 10
San Antonio and thence ina southwestern
direction toward the Mexican foundry, for
the International & Great Northern railway
of Texas.
The southeastern pool is disturbed because
the Missouri Pacific, one of the Gould roads,
has been billing through TO ST. Louis freight
from points in Kansas, mskinga way station
of Kansas City and niunng the trade Of
Chicago. It is understood that the Missouri
company is willing to pay for the excess Of
Tonnage " ich it has gained by this practice,
but that II will not agree 10 discontinue 1t
until it has heard from Gould
FIVE per cent upon the Mexican Central
subscription has been called, payable before
the Goth inst, and advices from Washington
are TO the effect that President Dia2 has con
firmed the grant made to private parties, con-
ullOllhl upoU lnb VI u
and the raising of thu required capital. The
"Nlexican Central Railroad company, lin
ited," having been duly organized and its
stock subscribed for, President Diaz approves
the grant TO this company. The approval Of
the legislature has yet to be secured.
The new passenger coaches being built for
the Pennsylvania company, TO be run on
their main and leased lines, are said to be the
most complete and elegant conveyances now
running on the iron rails of the country.
Much of the old elaborate ornamentation is
dispensed with in the cars, but in comfort,
strength and ventilation they are greatly i'm
proved. 1t is proposed to dispense with the
heavy, thick and heat rendering plush seats
during the summer and substitute plain per-
forated wooden seats, so arranged in construc-
ton us to be preferable to the ushioned seat.
II is said that Drexel & Morgan received u
commission of per cent, or about $4,000,
or managing the New York Central syndi-
cate. The money distributed by them on
Wednesday included, besides the profits of
the syndicate, advances made by the various
members when il was first formed In ALL it
is stated that about 10000 600 was paid out
on Wednesday, of which DreXel IL Morgan
were entitled, with their London house, to be.
tween $3,000,000 and $4000,000. Much of
the stringency in the money market was no
doubt influenced or caused by the prepare
tions made for the settlement. Messrs.
Gould d Sage also, it is understood, have
settled their Sl2 100000, which fell due also
on Wednesday. Mr. Sage paid over 1885,
600 also.
AT the stockholders annual meeting Of the
Iron Mountain Railroad company, held Sat-
urday, the following named gentlemen were
elected as the Board of Directors for the en-
suing year, Joseph 5. Lowry, Of New York;
Samuel Shethar, of New York; Warren De
lano, of New York; j. T. Terry, of New
York; IL. G. Marquand, of New York; Hen
ry Whelen, of Philadelp hia; r. A. Edgerton,
Of Little Rock; Thomas Allen, of St. Louis
Rufus j. Lakeland, of St. Louis; John h.
Lionberger, of ST. Louis; w. NJ Senter, OF
st. LOUIS w. r. Allen, of St. Louis, George
s. Drake, of st Louis, Eected-Presdent,
Thomas Allen; First Vice President, II. G.
Marquand; 5 cond Vice President w. K.
Allen; Secretary, S. d. Barlow; Treasurer,
d. ". McWilliams; General. Auditor j. w.
Wallace. ppointed-General Superintend-
ent. A. w. Soper; General Freight Agent,
Seth Frink; General Passenger Agent, o.
Ruggles Land Commissioner, Thomas
Essex.
Atlanta Constitution: We heard on yes
terdsy a rumor to the effect that Mr.. Moses
Taylor, of New York, had purchased the
Macon Il Brunswick road, ling $3.50, 900
advance on the price paid by r. t. Wilson
& Co. We could find no verifcation OF this
rumor, but hearing it from two or three diff
ferent sources, deem it of sufficient interest to
give,it to the public. 1t must be taken just as
we give it, depending for its veriicaticn only
on the fact that there are as many reasons
why it might be so. There were signs yes
terday of great activity in the stock of the
Central road, aud our advices from Savan-
nah show that ii was in active demand there
at prices varying from 96 to 9S. The cause
Of the rise is said to rest with the ratification
of the late alliance contract by the Louisville
IL Nashville road-and heavy purchases
made by outside parties in the stock. 1t
was stated positively that Mr.. Victor New
comb had bought 900 shares for his own
account, and that the transfer must be made
on the books in Savannah to-day. Other
heavy orders we're received from outside
points, notably New York and Louisville,
and it is said that an Atlanta gentleman has
been in Savannah several days quietly buy
ing to I'll these orders-hut has been able to
get only few shares. With the action Of
the Central board to-day, the last of the