The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-07-15
UNITED STATES RAILWAYS
2,l0O Miles Of New Road Built This
Year-RecOrd Of Old and New
Reads - Price of Iron Facts
In Figures, Showing the
Giant Strides Making by
Railway Builders.

The Louisville IL Nashville oilers, through
John j. Cisco Il Son, of New York, part of
an issue of $5,O00,000 new 6 per cent.
50.year bonds secured by first mortgage
on the lately purchased New Orleans, Mobile
a. Texas road. These bonds are offered vt
1921 and trust.
Morgan's Louisiana Il Texas.-New Or
leans papers state that the branch now nearly
finished from Vermillionville, La, to Opel
ousas, is to be extended from the last.named
place northward to Alexandria, on the Red
river. At that place it will connect with the
projected New Orleans Pacific road, and
there is talk of an extension farther north TO
Monroe, and probably into Arkansas.
The St. Louis, Iron Mountain Il Southern
offers, through Morton, bliss II Co., and
Clark, Post & Martin, Of New York, and
Townsend, Wheeler & Co., of Philadelphia,
$690,000 car.trust certificates, secured by
equipment TO be bought with the proceeds.
The title TO the equipment is vested in the
trustees, and sinking fund is provided
which will pay of the certificates in seven
years.
The Memphis 81 Little Rock offers, through
Levy Il Borg, of New York, its first mortgage
bonds, the total issue of which is S2,60000O.
These bonds are due in 1907, and are to bear
Aper cent interest for two years, and per
cent. for the remaining 20 years, The road
is l35 miles long, and was sold under fore
closure some years ago. A controlling in
terest is now held by the st. Louis, Iron
Mountain " Southern company.
Prices of rails: Steel rails continue at $50
to $62.50 per ton at mill, with a moderate
business. The mills are all full of orders.
Iron rails have been quiet, with light sales
reported. Quotations are about S45 per ton
at mill for heavy sections. Old iron rails are
dull and uncertain at $3.50 to 1913 per ton
IN Philadelphia. Some holders ask S2I, but
with few or no bids. Railroad spikes are
quoted at "a cents per pound, 80 days, in
Pittsburgh. Fish-plates are quoted vt q
cents, and track bolts 3! to At.
Georgia & Mssssippi.-The Selma (Ala.l
Index says: Governor Colquitt, the late
Senator Gordon and the new senator, ,Joseph
Il. Brown, of Georgia, have recently organ.
lied strong and wealthy company, of which
Senator Gordon is president, to construct a
railroad from Rome, Ga, TO Aberdeen, Miss.
This road will pass through tho counties of
Cherokee, Etowah, Blount, Fayette and
Walker of Alabama, the richest coal, iron
and copper region Of the world. This road
will gather up the richest material in the ter
ritory of Alabama and carry it to Atlanta,
or some other Georgia town."
Texas Il st. Louis.-This company sends
us the following statement under date Of
July 5: "The track of this road has been
extended from Pittsburgh to Big Sandy,
Texas, 323 miles. AT Big Sandy connection
is made with the old line formerly Tyler
TApHgiving the company an unbroken line
from Texarkana to Tyler, 126 miles. Pitts.
burgh is 10 miles, Big Sandy 1864 and TYLER
l26 miles from Texarkana. This completes
the first division. Active work is now in
progress on the second division from Tyler
to Waco The company has contaminated
contract with the Western Union telegraph
company to Immediately construct teie.
graph line along the company's road, and it
is expected to DO completed to Tyler within
10 days"
Canadian Pacific. Ottawa (Can.)
Herald of July 9TH SAYS at is said that the
reason ofSr Charles Tupper's delay in going
10 Manitoba and of the probability of his
visiting England first is that for some time
past the government has been in treaty with
representatives of a syndicate Of English
capitalists, who are now in Ottawa, with
view 10 forming q company with e20000,000
capital TO build the whole of the Pscitc rail-
way, the government giving q land subsidy
of 50,000,000 or 60,000,000 acres, and taking
no further responsibility. The negotiations
are said 10 be very nearly completed, and Sir
Charles is only awaiting orders from the
other side before going to England to ratify
the agreement with the principals, whose
agents are here"
Denver & Rio Grande-The track of this
road at last reached Leadville, COL, on July
9th, and regular trains will soon be running
10 that noted mining town. According to
the compsny's statement Leadville station is
$50 miles from Denver, 119 miles from Canon
City and 100 from Pueblo. Much of the
grading on this road was done BY the Atchi.
son, Topeka & Santa Fe when II had possess
sion of the line, but the work of finishing up
and track laying has been pushed through
with extraordinary speed. The Denver,
South Park & Pacific connects with the new
road at Buena Vista, 81 miles from Leadville
and the distance from Denver to Leadville
by that route is 172 miles. The company
announces that II will run Pullman sleeping
,ars and Horton reclining chair cars on all
its regular passenger trains from Denver and
Pueblo to Leadville so that one can now
make the trip from New York to Leadville
in Pullman car all the way. Observation
ears are also attached to trains from Canon
City through the Royal George and the