The Portland daily press., 1882-05-04
RAILROAD NOTES.
Graat westarn of Canada,

Great Western OF Canada.
The report of the Great Western Railway ol
Canada is of interest, in connection with the
movement for fusion with the Grand Trunk
Company. 1t shows gross receipts of e476,255'
decrease of e36, 800, while the working ex-
penses, .e346 .635, are heavier by e3l, 100 than
those of the corresponding half year. The net
revenue is thus e120,5OS as compared with
el7O,506 in January, 1881. The prior charges
are heavier By about $1,000, and the surplus
available for dividend is only esq, 7S7, falling
off of G62, 1872 for the half year. A dividend at
the rate of per cent. is recommended, leaving
surplus of a2916 to be carried forward. no
loss of revenue is ascribed to the falling OH IN
rates and fares on through business. Consioei-
ing that the Grand Trunk offers to guarantee
dividend of three per cent. it Is not surpa,s ,
ing that the stockholders of the Great western
should be in favor of the offer. -.
The Great Western has heretofore been the
principal and popular connection between tne
Michigan Central and the New York Centrai'
1t is not likely, however, that after it has pc
come part Of the Grand Trunk it will oontln,
ne its friendly relations with VanderDlit anu
allow itself to be used as whip with winch W
punish the Grand Trunk. The interests OF lhe
two roads will be identical, and they Will JOINT
ly fight the Vanderbilt interests. Vanderplis
will, of course, have the Canada Southern as
connection between the Michigan Central and
the New York Central. But the Canada peo-
pie are not likely to allow Vanderbilt 10 nla1o
any disastrous competition against the consoii-
dated Grand Trunk and Great Western. inose
interested in these properties will be aoie 70
control the Canadian Parliament just as tne
New York Central and Pennsylvania are ap!s
to control the Legislatures of their States, ana
they will see to it that such restrictions are
placed upon the Canada Southern as to MAKE
this property rather burden than benens 70
Vanderbilt. This magnate would soon find Inc
Canada Southern most Improbable piece VI
property which he would no doubt be glad 70
get rid if. Without the Great Western, ana
with heavy restrictions placed on the Canaoa
Southern, the Michigan Central will be OF no
earthly benefit to Vanderbilt. The reports
that he has lately been selling Michigan Cen
trail and Canada Southern stock and buying
Lake Shore Stock indicate that zhe had some
preulontion OF the impending storm
Minor Notes
The proposed Rye Beach Railroad is to leave
the track of the Eastern Railroad near New
buryport bridge and run to. Salisbury Beach,
thence to follow the seashore to the northerly
side Of Hampton river and thence into Ports
mouth.
The Grand Trunk receipts for the week end
ing 22d April, were 1927 ,271, an increase OF
$10,63S compared with the corresponding
week last year.
The report of the Flint & Pere Marquette
1881 of 81 1885 414 and expenses Of 81 ,315 1922,
or 70 per cent. of the gross earnings. This
company was formerly operated upon basis
of IS per cent. for operating expenses But
Notwithstanding this the net earnings show
gain over 1880 of 25 per cent. The passenger
business alone amount to the sam of $3.50 ,479.
A meeting of the Directors OF the Eastern
Railroad was held Tuesday, when plans for
the rebuilding OF the station at Salem were
decided upon, It has been decided to utilize
the walls and towers of the old building, but the
new edifce will be modernized SO far as possi-
BILE and still be in harmony with the portions
of the old one left standing. Work has al
ready been commenced upon the new structure.
The Chicago, Burlington and Quincy will
soon begin track laying eastward from Denver,
with force large enough to lay a mile OF
track per day. Steel rails will be laid down,
and they will come from the Pueblo works, be-
ing the first steel ever rolled in Colorado.
Track laying at the end of the gap is progress.
ing at the rate of two miles per day.