Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1883-07-19
rag NosrmxRx PACIFIC.

On the Fargo & South western Branch
ths rails have been laid for IL miles
.sst yard from the late terminus at La
moure. Oak, and the end of the track il
nor 81 miles from Fargo. The road Is
Graded l3 miles farther, and ck-lay-
inc Is in progress.
This company offers, through Drexel.
Morgan a Co. and Winslow, Lanier 4
Co, 15,0O0.000 first mortgage, per cent.
lOvear bon is, of its leased st. Paul d
Northern Pacific, the total issue author
ixsd being Sl0,0OO,000. The leased road
nov extends from Brainerd. Minn., 10
Sank Rapids. COX miles, and an exten
sion from Sank Rapids TO st. Paul, 81
miles, is In progress. The proceeds oi
the bonds are to be used to complete
ths extension and provide terminal ia
cilities in st. Paul and Minneapolis.
The bands are guaranteed by the North.
ern Pacific, and are offered at l02 and
interest.
Along with the mortgage was filed a
lease Of the same line Of road, and also
the line from s aux Rapids. via Minneap-
Oils and 81. Paul, to Mankato, for pc
riod of 800 wears, at an annual rental of
20 per cent. OF the gross earnings OF the
road. -
The general freight agent of the N.
p. road has made an estimate of tht
cattle shipmenta to the Western ranges
over that line, aud finds that about 20
COO head have been sent out since the
6rst of May last. Most OF the cattle
have been taken into Montana. The
result Of the esiimste Is regarded as a
proof that the stock raising interest is
Increasing immensely and Is very much
ahead oi the natural production. The
cattle shipped were from Minnesota.
Wisconsin and Iowa.
The gross earnings of the Company
during the first five months Of 1888
amounted to g., 72l ,3t3, or $766, ,645 more
than during the same months Of 1882
The mileage of 1883 was 16A1, against 972
In 1882. The land sales of the company
are separate from and independent Of
the roads earnings, and amounted to
about million and half dollars dur
inc the Ave months ref -rred to.
vios President . axes, OF the Northern
Pacific, returLed Saturday from his trip
through the extreme western country,
and dep arted for New York. In oonver-
aAtion he gave an outline OF the work Of
constructing tho railroad through the
Rocky mountains. st. Paul Ii to be the
Eastern terminus of she road, as the
Fumored negotiations for the purchase
Of the Wisconsin Central were rumors
only. Eastern connections will be made
In the future as needed, and to facili'
tate the transfer OF the immense in
crease Of business expected upon the
completion Of the road, work Ia to DO
Immediately commenced erecting suit
able buildings upon the property pur.
chased by the Northern Pacific In 50.
Paul and Minneapolis few months
sincs. Precisely what these improve
ments would consist Of Mr.. Cakes was
unable 70 say. OF one thing only was
hs positive. and that was that they we're
shortly 10 be commenced, and when
once commenced. would be pushed rap
idly 70 completion. They are. TO be
managed and operated by . sub-com
pany, 10 be known IA tue st. Paul q
Northern Pacific Company, and Of
which Mr.. Cakes himself is TO be Pres
0snt. In connection with these Inn
peuvsments. IL was stated some time
Slnce that the COMPANY at the outset I'M
tend to lay out 81. .000, 600 for these Inn
psuysments. This estimate, MI. Oakes
aid, was entirely too large.-Piomee'
Pvsss.