The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-03-12

Earnings of Northwestern lines this month
promise TO be immense,
Steel rails are quoted frmer, owing to the mills
being pretty well sod ahead.
Contracts for steel rails at S3s per ton for the
balance of the year reported.
During last month the Boston & Albany re-
eeived from the New York Central at Albany
1880 freight cars, and delivered TO them H.
OO4.
The scheme to build a railroad from Bellaire,
O., tn Marietta, eighty miles below on the river
has fallen through, Bellare weakening in its
subscription. The road would have been an ex-
tension of the Cleveland Pittsburg, prac-
tlcally.
II is positively stated that negotiations for the
lease of the Jersey Central to the Reading are
concluded, The arrangement contemplates the
use of the Jersey Centrals track by the Balti-
more & Ohio, in accordance with the previous
understanding.
The contracts for the construction of the ONO
River railroad. from Wheeling, W. Va. to Point
Pleasant, in Mason county, we're let Thursday
last. Senator Camden, of West Virginia, is the
handspring of the concern. The road is to be
completed by Nov. l, 1888,
Negotiations for the sale of the stock ard bonds
of the South Pennsylvania railroad have been
concluded, Mr. Vanderbilt and his friends taking
the whole. The extension of the Reading from
Harrisburg to Pittsburg and Wheeling Will now
be pushed to completion.
Chicago shippers seriously feeling the eff
feet of the war between the Board of Trade and
the East-bOund railroads, growing out of the
BOARD suspending the representative of the Penn
Sylvana company from the floor, and strenuous
efforts are being made toward an amicabe ad-
justment.
The Financial Chronicle says: "The time has
come when railroad earnings should show the
largest gain over those Of last year, as in the
period from March to Aug. L, before the crops
of 1888 san begin to move, the tonnage this
year should largely exceed that Carried in the
same months of 1882.
Friends Of the scheme to water the stock of the
Pennsy lvania Railroad Company say that the
road Is earning largely and can readily pay the
rate of dividend that was made last year on a
much greater number of shares without inereas-
ing its earnings; but the idea Of having TO pro-
vide for the additional shares is annoying to the
spectators.
pooling arrangement has been entered into
by the Southern Pacific, the Missouri Pacific, the
at. Louis, Iron Mountain d. Southern, Memphis
& Little Rock, aud the Texas u Pacific railroad
companies. The compact establishes rates and
divisions for the year from st. Louis, Hannibal,
Moberly, Kansas City, Leavenworth Atchson,
st. Joseph. Omaha, Cairo, Columbus, Memphis
and New Orleans.
ASSUMING THE AGGRESSIVE.
The Bee Line management with Vanderbilt
behind them, is preparing to tnke the aggressive
I'm operating their lines. From official of the
road it is learned that the programme now is to
put on limited express train between Cincn-
aati and New York. and st. Louis and
New York, with the taking effect of the
Cincinnati at 6 p NJ. and arrive at New YORK at
$3.50 p NJ. the next day; leave st. Louis at A.
M, reach Indianapolis at 4:30 p. M and connect
with the train out of Cincinnati at Gallon. Thus
passenger leaving Indianapolis at 43o p NJ.