The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-04-03
General News.


One of the most prosperous railway systems in
the East is the Long Island, in which Austin Cor
bin, Major Henning and others are interested
Its earnings have shown a constant increase for
many months. 1t is now said that the company
PROPOSES to build from the present terminus of
the line in Brooklyn up Flatbush avenue to Full
ton street. thence across private property TO the
Brooklyn terminus of the bridge, and then to
hnild an elevated road from the bridge to East
New York.
The sag IN stock of the Central Pacific road is
still a matter over which there is much specula-
tion. AT first IL was believed to he the result of
one of Jay GOuld's periodical and savage raids,
but the fact soon developed that some of the
chief owners, or pool organized by them. were
throwing stock on falling market at the rate
of 5000 shares per day. 1t is reported that this
somewhat extraordinary course has been taken
In order to secure funds with which to con- plets
the Southern Pacific extensions, owned by the
same parties.
General Horace Porter, president of the Buff
fao d West Shore, in speaking of rhe finances of
the comnany, is quoted as saying that it will
have So, 100000 more than the amount required
to build the road. $50, 100000 having been re-
ceived for construction. 1t now has fifty en-
gines and 1000 cars, ami the rest OF the equip
ment is rapidly going forward. The engines are
OF the consolidated pattern and the most pow
erful that can he constructed. They are built
under the supervision of the constructor, who
has for the past two years been making the
high wheeled experimental engines for tho
Pennsylvania road. The rail used is the heaviest
In America, weighing sixty-seven pounds to the
yard The dSranec between the two tracks is
Two feet greater than on any other road
BECOMING AN IMPORTANT SYSTEM
The annual report of the Atchinson, Topeka &c
Banta Fe road, for 1882, has just been made pub
sic. and is said to be quite satisfactory to the
Boston parties who the property. The
gross earnings were, $14,773, 305.24; operating
expenses. SIS, 637, 256 10; net earnings, Sc, 1885,
O49.Sl. The Atchison. Topeka & Santa Fe sys
TEN now consists of 1920 miles, divided into
four sy stems, the chief system being the parent
line and it's auxiaries, consisting of l. $50 miles
IN Kansas, Colorado md New Mexico. The Sec
ond sy stem Ia the sOut hern Kansas system, con-
sisting of 39S miles. The third system is the
Sonora system, consisting OF $50 miles The
fourth system consists of the two small roads
owned Jointly with other companies, consisting
of 81 q miles.
ANOTHER RACKET ON HAND.
Commissioner Fink and the executive commit
tee of the trunk lines hardly get one question
settled before they meet with seemingly
more vexing. Now they are in hot water over
the matter of rates live stock and dressed
meats. the Erie having broken in as a large car
rier of dressed meats, and this has aroused the
PENNSYLVANIA people Dressed meats have been
shipped into New England for several years. 1t
Is only within few months, however, that the
Erie road has been carrying this class OF
traffic into New York. After the business was
begun dressed meats were transferred from tn
dead freight to the live stock trunK-line pool. A
similar transfer was subsequently made in the
Chicago East-bnunG pool In each instance the
Erie and the Grand Trunk OF Canada respective
Iy demanded as a condition of the transfer that
bhe percentages in the live stock pool DO raised.
In tine case of The Grand Trunk tina answer
placed the dressed meat traffic in pool wherein