New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-09
MISCELLANEOUS RAILROAD INTELLIGENCE

PHILADELPHIA, May S.-With regard to the
rapid decline In Reading Railroad stock Albert Foster
secretary OF the company, said to-day that all he could
do was to repeat that the road strong financially,
and the business good ever allowing for the
suspension Of coal mining EK-pres'dcnt d0Wen Is also
positive in his contradictions OF the unfavOrIbe rumors
WASHINGTON hay SIN the Senate to-day Mr. Van
Wyc offered resolution Which, al the suggestion OF Mr.
Conger was laid for day directing the Secretary
OF the Interior to withheld the granting of patents to Or
recognizing any claim made by the Northern Pacific
Railroad adionins and account Of what is known IA
the Pugeup branch built many years ago. until TINS Con,
gIess shall take action the question OF the forfeiture OF
lands granted to said road
DETROIT Mich, May 8.-The annual meeting Of the
stockholders OF the Michigan Central Railroad Company
was held in this city today. The following directors
were elected for the ensuing year: william Il. Wander
bilt William X. Vanderbilt Cornelius Vanderbilt, Chaun
oey NJ Depew, Edwin d. Worcester and ID. f. Barger Of
New-YOrk; Henry b. Ledyard, Detroit; Arson Stager
Chicago, and William H. Scott, Erie Penn. This is the
came board that of last year except Mr. Depew, who
takes place OF Augustus Sche The officers OF the
company Will he elected al subsequent meeting or the
directors In Newiork.
MONTREAL, May s.-The Pullman Palace Car Company
has just completed fifteen years agreement with the
Department of Railways for service the nterC Colonial
Railway and il is stated that the present agreement
with the Grand Trunk Railway which ends in August,
viii be extended for a further term OF five years.
NEw-HAyES, May S.-Mr Olmstead, of the NewYork,
Connecticut and Air Line Railroad Company says that
the company will reduce its working force for short
time until has more fully adjusted its financial affairs
which may cause delay OF three weeks or month
The Joint Executive Committee Passenger Depart
men the trunk lines and the Western roads yesterday
continued the discussion Of the proposed pooling
contract without reaching conclusion. further con-
ference will DO had to-day.
Reports circulated In Wall Street yesterday that
the Wabash st. Louis and Pacific Railway Company
about to be placed In the hands OF a receiver VcePres
dent Hopkins and General Wager Swayne counsel fohe
company both denied that there was any truth In the
ruInor 50 far as their knowledge extended.
The new agreement made between the Manhattan Rail-
way Company stockholders and the NevY York Elevated
Railroad replacing the merger agreement of November,
1884, has made necessary change in the financial con-
duct OF the system The receipts and accounts OF the
NeYoYk kept by separate from those OF
the Metropolitan Company The receipts Of tho latter
collected and retained by the Manhattan pending an adj
ustmeDt the accounts between tho two corporations
BUFFALO May 9-The wholesale grOcsrs aud commits
sion men Of this city preparing appeal to the Rail
road Commissioner for just discrimination in
freight rates. The assertion is made that the freight rate
charged this city from New York IS fOttythree cents
per hundredweght, as against twelve cents TO Roches-