The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-01-01
AFFAIRS OF THE RAILWAYS.
Personal and Local.


The vandala pay-car is on the line paying for
November service
The Indiana & Illinois Southern, Billy Lyons
road is drifting under financial cloud; ana it is
feared that early in 1885 the road will tumble int
the hands of a receiver
jan /, it is said, is to be a trying time for a
large number of roads which have interest to
meet. number are reported to be In the
market as borrowing money.
Ben Blanchard, land agent for the A. L. q s.
F. railway at Terre Haute, has within ten days
sold $685. 900 worth of railroad land. Sixty-hve
thousand dollars of this was sold to an Indian
apolis party on Monday.
Commencing with the year a large mum
Der of roads in this country, instead of issuing
passes to employees for their own use, will give
them the privilege of purchasing tickets at half
the rate charged for tickets.
Decline trains commenced running over the
temporary bridge at Sidney at P. N. yesterday
In ten days the new iron bridge will be in posi-
ton, and, it is said will be one of the best
bridges in Ohio. The bridge building company
are in fault that it was not completed sixty days
ago.
One of the best results of the better main
tenance of freight rates is shown IN the IN
crease in revenues during the last thirty days
The fact Is that when through rates are strictly
adhered to local rates are better maintained, and
between the two the increase of earnings is very
marked
The trunk line representatives in the West
are Instructed to give all merchants to under
stand that paying rebates to secure west bound
business from Eastern cities is a feature of the
past. Even the Lackawanna d West Shore
fast freight line has gone back on this pernicions
practice.
The Louisville, New Albany & Chicago people
are in hard luck. In the last few weeks a mum
Der of heavy judgments have been obtained
against the road, and several cases are now
pending in the courts, which are quite likely to
increase the amount of judgments against the
company.
If the business men of indianapolis had time
and would take the trouble to compare the tarln
rates which take effect to day with those when
have been is use heretofore they will readily
learn that the scale adopted places Indianapolis
on par with other competing points In rate
matters, one local agentputs it. It's lndlanap
oils this time against the field.
The governing committee of the Stock Ex-
change has listed the following securities:
ST. 226 500 of Pttsburg, Fort Wayne Il Chicago
Railroad Company guaranteed special, max
ing the total amodnt of this stock on the list
&c. &C., 800 The stock. commonly also called
betterment stock, is issued under article 10
of the lease of the Pittsburg, Fort Wayne d
Chicago Railway Company to the Pennsylvania
Railroad Company for improvements upon and
additions to the Pittsburg Fort Wayne CHI
cago Railway Companys property.
Stock OF the CINCINNATI, indianapolis, ot.
Louis & Chicago road has advanced 10 points
in the last forty days and friends of the proper
ty are confident that with the resumption of the
payment of dividends, July l, 1885, the stock
will reach its old position, par. The friends of
the road certainly have reason for thinking well
of the property as there is not road in Indiana
to day which has healthier business or more
promising The traffic of the last few days sub
stantiate this statement as on the Western diyis
ion since Saturday night last atop NJ. 1872 loaded
cars have been hauled over the line, and over the
Eastern division L. Gas loaded cars