The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-09-15

Galveston, Houston & Headersoa. 1t is
stated that Mr.. n. A. Crowdrey, of New York,
is preparing to take the necessary legal steps
to SECURE possession of this road as trustee
under the mortgage, This is in consequence
of the recent default in interest.
International & Great Northern.-On the
extension OF this road from Austin, Tex, to
San Antonio the grading is now well ad-
yanced, and track is laid from Austin south
west to Onion creek, 10 miles. 1t is expected
to reach San Marcos, 10 miles further, in
about 10 days.
Memphis, Kansas & Colorado. Work has
been begun on the extension of this road
from Parsons, Kan, west by south to Cher.
rvvale on the Kansas City, Lawrence Il
Southern road, about 20 miles. A third rail
for standard gauge is to be laid over the
whole road, which is now of 3 fee. gauge.
The road is owned by the Kansas City, Fort
Scott IL Gulf company.
Atchison, Topeka & San Fe.-Trsck on
this road is now laid 10 miles south Of the
late terminus ut Socorro, n. NJ, and SO miles
from Albuquerque. The road in Mexico has
lately suffered very much from wash-c cuts,
y which have impeded travel for as much as q
week at y time. The breaks have been bad
north of Las Vegas, and also between that
place and Albuquerque, especially along the
K Galisteo.
Houston & Texas Central.-Track "A laid
b on the western extension Of this road, known
II as the Texas Central road, to Hico, Texas,
eighty mile vests by north of Waco, and
seventy miles from Ross, the end of the old
& Waco branch, and the beginning of the road
= built by the Texas Central company. Work
is progressing steadily toward the proposed
& terminus in Etstland county, sixty miles
y west by north from Hico. Regular trains on
this branch Eow run to Morgan, ffty-fve
) miles from Waco, and two hundred and forty
one from Houston. They will run through
to the new terminus shortly.
"a Prices of Rails. Steel rails are little va
riable, and it is said that some sales have
been made as low as $5S per ton at IT. mill,
& while 500 is reported for early delivery
New York quotations are $50 to $63 per ton,
Iron rails are quiet, with little business of i'm
portance. Quotations SAG to $47 per ton
at the mill for 56-bs. section, and S4S to $50
for light rails. Old iron raj are more active
and sales of some large lots are reported.
Philadelphia prices vary from $27 to
$29.75 per ton, according to quality. In
New York good deal of business is report.
ed at from S27 to 500 per ton.
Colorado Steel Works.--In letter to the
New York Tribune Mr.. z. L. White says
"a mile south of Pueblo, by the side of the
Denver & Rio Grande railroad, the great
stacks of the new steel works are being set
up, and already little village clusters about
y them. This is one Of the most important OF
the new industrial enterprises of Colorado.
The project is to manufacture steel rails from
& the iron ore found In 80 great ABUNDANCE at
Lesdville. Last year, while visiting at that
camp, the Iron silver mine, old Mr.. Stevens,
who then owned one,hslf of it, remarked to
me that if he had his mine in the east he
would make fortune out of the iron ore
alone which it contained. He little dreamed
that within twelve months some of tho
largest capitalists in the country, among them
Mr.. Jay Gould, General Palmer, president
pf the Denver & Rio Grande railroad and
Colonel Thomas A. Scott, would invest a
million dollars in steel works for the purpose
4 of utilizing the iron ore OF Lesdville in the
manufacture of rails. / was told by brother
of the late Hon. Baysrd Taylor, who is
Experimenting the construction of the works,
that no iron ore has ben found in the United
States better adapted to the manufacture OF
steel. That of the Breeze mine shows 50
per cent OF oxide of iron, or 6S per cent. of
pure metallic iron phenomenaly free from
Sother Troublesome metals"
The Railroad Gazette of the 10th con-
tains information of the laying of track on
new railroads as follows Chicago, Burling-
ton & Quincy The Mount Ayr branch is
Extended from Reading, Ia, southwest to
Grant City, Mo-, 10 mites. The Bethany
branchis completed from Davis City, Ia,
Southwark to Harrison, Mo, % miles. Chi
cago, Rock Island u Pacific: The Griswold
Branch is completed from Atlantic, Ia, south
BY west to Griswold, IA miles. Houston u
Texas Central The Texas Central branch
i extended from Whitney, Texas, west by
north to Hico, AZ miles. Texas II Pacific
Extended from Brazos crossing, Texas, west.
ward Al miles. Burlington, Cedar Rapids Il
Northern: The Pacific division is extended
from Holland, Ia, northwest II miles.
Sharpville: Track has been laid on the
Gilkey run branch from near Carbon, Pa, to
The Pierce coal company's mines, 1876 miles.
Port Huron & Northwestern Extended from
Minden. Mich, north by east to Sand Beach,
l4& miles. Gauge, feet. Western q ATTAIN
lie: Track laid on a branch from near
Csrtersville, Ga, to iron ore beds in Barlow
county, miles. Gauge, feet. Den yer
South Park & Pacific: Track of the Gun
nison branch has been extended from Hor-
tense, Col, west to Haywood Springs, Z
miles. Gauge, feet International q Great
Northern: Extended from Austin, Texas,
Southwest to Onion creek, Is miles. Atchi'
son, Topeka It Santa Fe: Extended from
Socorro, N. NJ, southwark 10 miles.
Southern Pacific extended eastward
70 the New Mexico line, 80 miles.
st. Paul. Minneapolis & Manitoba: Track ID
laid on the Browns. Valley branch from
Morris, Mimi, west to Wheeler, Z miles.
This is total Of 256k miles of new railro ad
making 1896 miles thus far this year, against
LIES miles reported at the same time in 1879
ll6O miles in 1878, 1,176 miles in 1877, ], 467
miles in 1876, 702 miles in 1876, 1,OO6 miles
In 1874, 2,455 miles in 1873. and 4,4sS miles
nls72.
Canadian Pacifc.--A dispatch from Lon
don, Sept. 8, says. "SirlJohn A. Macdonald
sn6 the other Canadian government commits.
ai0ners have been successful, the financial
arrangements for the construction of the
Onadian Pacific railway having been con
cluded this afternoon. The contract is taken
jointly BY banking firm in London, a
Fnnch financial association, and a firm of
hnAnciers in New York. The contracting
poRtes will receive from the Canadian gov
ornment certain number of millions ster,
ing in cash, or its equivalent, to be PROVIDED
pyan issue of Canadian government bonds
lot backed, however, by the imperial guar.