The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-12-08
miscellaneous Notes.

The union of the Eastern and Boston 81 Maine
will form the largest railroad system in New
England, it comprising 976a miles
The jackson & Sharp Company, of Whining.
ton is completing buffet car and Woodruff
sleeping car for exhibition at the worlds fair.
''When railway directors become aroused"
says the Railway Register, ''to the necessity for
the adjustment of ticket commissions and fast
freight lines these twin evils will have to walk
the plank"
Large blocks of West Shore tickets, up to So,
900 worth. good until April l. are offered for sale
at the company's Office at present low rates. So
it would seem the war will not end with the
winter months.
Good authority says that in Massachusetts and
Connecticut the most profitable and important
part of the business is the local passenger traffic.
But for this not a railway in Massachusetts could
earn dividend, and some of them could not earn
fixed charges
Mr.. Twombly, general master mechanic of the
Chicago, Rock Island & Pacific railway, is build
ing ten new locomotives in his shops at Chicago,
from his own designs. Six of the engines are
moguls, intended for the heavy freight service
of the Southwestern divisions, and the other four
are designed for fast passenger service
The Reading G. Philadelphia Railroad Company
has not allowed the cry Of hard times to have
any effect on it business. In contradiction of
the allegation that this is going to be bad
winter this company has greatly increased its
double its ronirg-stock and carrying capacity.
In the first six months of the fiscal year end
ing September 80 the Rock Island road earned
per cent. on the stock and the company dis
Tributed to stockholders 81 per cent. Those six
months are the poorer half of the year. This is
a remarkable exhibit, when it is taken into con
sideration that the c. 81 X. l. stock has been
heavily watered three times
Pittsburg papers state that large blocks of
rails for spring and summer delivery are in nego
tiation on the basis of $2I Small lots. ranging
from 100 to 500 tons, command $3.50 Light
sections, down to sixteen pounds per square
yard. sell from $50 to $3S, according to weight
Railway projects are looming up and good deal
of work will be provided for during the winter
months
The Union Pacific has just issued its state
ment OF earnings and expenses for ten months 10
1884 and 1888 whole system. The statement for
in gross earnings from last year The loss in
gross earnings, however, has been more than
made up by the decrease in expenses, and the
surplus earnings, which are the real test of the
prosperity of n road were &c., Goa in excess of
the same time last year.
The Northwestern Car and Manufacturing
Company, of Saltwater, Mimi. which failed
some months since, has been reorganized upon
the basis recommended by the Boston creditors
numbering nearly 100, and representing s., 000.-
600 of indebtedness. The new capital will be
1000, 900, of which S. 600 600 So 900 shares,
of preferred stock of the par value of $50 wild be
given at par to the creditors of the company,
and So 600 900 of common stock, or 60, 900 shares
to the present preferred stockholders of the com
pany. Earnings above per cent. on the pre-.
ferred stock will be laid aside until surplus of
10 per cent on preferred has accumulated A
number of heavy Boston capitalists are in the
new directory