The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-06-30

vSSWo claimed to have been expended upon ole
waited railroads Of New York city' only "a Of
the lS2 pay dividends, leaving 9S non.naving
Among me non-payiny roads is the Erie the
cSs M cost OF which is rsckoned Al ass
Thus far in this year there has been no ia
chhe In railway building, but, on the contrary.
me mileage or new road constructed Is more
Inan couple In amount TO that of the correspond.
sng period o. last year amounting to 1895 miles,
apanst l,Si2 reported 1T the corresponding
time In 1881, l76S miles In 1850 7s2 miles in is5S
~ miles IL 1878 5s5 miles In 1877, 6S6 miles Ia
40 $50 miles In 1875. SIS miles In 1874 and l..
ISL miles In 1873 =
Bo.ros. June 26-The board of aldermen to.
night granted the petition Of the New York 4
Boston Inland railway company for location
Milhlh the city limits. This Is the company
when proposes to build double track airline
rosu 70 New York, and run passenger trains In
thres and, one-half hours,
FORT WAYNE, IND, June 6.--The survevors
o. the new line between Columbus, Ohio. and
Fort wayne reached this county TODAY Tho
ROAD VIII be an extension Of the scioto Valley
ma ana Is built with "a view to bringing coal
from the ONO river collieries and taking back
lumber from the Michigan districts with which
there will be direct communication via the
jackson and the Grand Rapids roads. The road
Is nearly parallel the Pittsburg Fort Wayne
&Chicago.
II is now pretty well settled that the engineers
otJ9ly. 1t Is said that this step has been de.
cided upon in consequence of the impossibility
OF making ends meet at the present rate Of
wages, and because the railroads continue 10
ma d1 money to pay dividends, whether they are
~, In discussing the lumber trade tho Chicago
llmes says, in fact, available dry stocks are
everywhere in demand, and there Is a greater
railroad demand than is generally counted on.
AS an example, one leading railroad company
gODtpSSps IN nsinp IN nc
year regularly, without reference to extraordi.
nary enterprises. such as extending its lines
The increase Of railroad mileage--about ID. 0OO
miles last year-calls for an increase of lumber
ana ms VIII continue to go on The fact that
railroad mills are. crowded to the utmost on
hrdge-hmber and car-sil orders, and that
Inc companies scour the south 10 tho
gulf in search of supplies, shows
the nature of this railroad demand
The Sonora railroad win be completed TO
Magdalena in about five weeks, Last week IN.
cendiary fires destroyed the railroad building
In Hermoslllo, destroying $40, 900 worth of ma.
lerial. The criminal was arrested, and, under
the laws OF the state, will probably be shot,
iM as being last Americanized, dozen sa-
looms are opened, and a distillery established.
The Americans are opening business at IIermo.
sillo. The ice-works and sash and blind fac-
tory Will be completed in two weeks Water
works have been constructed by the city. A
state university is being built Mt Gnaymas. also
oral new shipping agencies have recently
been opened The line from Hermosillo TO Paso
del Norte will be about four hundred miles
NEW YORK, June 26--Last week rumor was
current on the stock exchange that Vanderbilt
had been large purchaser of Chicago Milwau-
kec st. Paul and OF the St Paul, Minneapolis
\ Manitoba. At first this story was believed 10
be only one of many circulated for the pur.
pose OF influencing speculation, and little atten.
ton was given 10 it exec pit by those who were
well informed as TO the truth II now seems
that Mr. Vanderbilt has been buying largely of
the properties named, and also that his Invest
ments In Rock Island, Chicago ( Northwestern.
Union Pacific, Chicago, Burlington x Quincy
and Atchison, Topeka e Santa Fe have been
greatly increased. His motives In thus invest
Ing In western roads IL easily explained He IL
threatened with a competition from the New
York, Chicago & St Louis and the New York,
Lackaxanna K Western, besides other roads In
the east. The profits OF his lines are mainly
derived from through business, and all the traf.
ilc that can be concentrated at st. Louis for the
Cleveland, Columbus Cincinnati 4 indianapolis
and at Chicago for the Lake Shore and Mlchi.
gan Central will be somuch gain To him. HAY.
Ing the through business assured, as no will
have by reason OF his large investments In the
western roads named, he can fight the opposl.
ton on the local traffic and possibly win.
rREIauru