National Republican. (Washington City (D.C.)) 1872-1888, 1885-05-09
CURRENT RAILWAY NOTES.
latest Information by Wire from Specia
Courrps


It was reported in New York yesterday that
the cohtgndng parties had agreed to reorgan.
ization of the West Shore and that the contest
was ut an end.
Now that the Northwestern railway has
been formally ruled out OF the tripartite com
bination an effort is being made to settle the
rate differences on western traffic.
The summer residence of H. s. Hyde, treas.
urer OF the WasOn Car Company at Brush Hill,
Mass, valued at SOS 900, was destroyed by fire
Thursday night; insurance, $4,000.
A director ofthe New York Central Is cred
tied as having stated at New York yesterday
that no settlement has been made with Wost
shore and none will be made unless the latter
road Internationally surrenders.
The managers of roads in the Ohio river
pool met yesterday aud decided TO continue
the existing freight rates and to make weekly
statements OF business done, similar to those
now made in the east bound trunk line pool.
A meeting of the parties to the railway
passage agreement was held at Chicago, and
II WAS decided neither 70 issue passages TO
Wyoming stock raisers, nor to allow stoppages
In Iowa for the purpose Of feeding cattle in
transit
Tho trunk lines have decided to reduce the
rates on cattle from 40 cents 10 30 cents from
Chicago to New York. and on sheep from 80
TO 40 cents; tho reduction to be effective from
May ], 1883. This reduction carries with 1t
corresponding reduction on dressed beef rates,
which are 10 pcr cent, OF cattle rates.
A dispatch received from the general super
intendent of the Canadian Pacific railroad
states that track has been laid on the large
gap on the north shore Of Lake Superior thus
connecting the western portions. Only thir-
teen miles west OF Jack Fish hay now remain
TO be completed. The track Is now continuous
from Montreal to lack Fish bay.
Mai. r. A. Wexford, vice president OF the
Virginia and Carolina Railroad Company, de.
MES the report that the road has been gold to
the Atlantic Const Line for $4,000, and says II
would take great deal more money than that
10 buy IL, He states that IN day or two he
would have, something TO be made public in
reference TO the reported sale Of the road
The joint agent Of the east bound pool lines
at Chicago received dispatch from Commits
sioncr Fink yesterday saying that ha had ad-
vices from Montreal that the notice of with
drawal nom the pool by the Grand Trunk
had been recOnsdered, and that that road
would continue to report It's business to the
pool pending the meeting Of the. central
trRitic committee,
A prominent feature OF the carly dealings in
the stock market yesterday at New York was
the strength developed by the granger stocks
accompanied by the statement that tho buying
orders crhnnotod principally IRON Chicago
and this was interpreted as indicating that the
railroad troubles weTeon the eve OF settlement
At the same time the NanderDilts were weak,
and both New York Central and Lake Shore
declined while the rest Of the lis! were advanc
ing
A S. Louis dispatch says It Is alleged the
plan for tho reorganization OF the Texas and
st. Louis railroad recently formulated here has
been rejected by tic eastern and foreign boud-
holders and that they have formed another
plan and will IN Il few days petition Judge
Treat, Of the United states court, for an order
OF foreclosure and sale, and II this Is granted
they will bid in the road, widen 1t 70 stand,
ard gauge, and extend II 10 -. Louis. II is
also said that money for carrying out this
scheme Is assured, and that officers for the
new company have already been decided
upon,
The directors elected at the meeting yester.
day of the New Jersey Central railroad are
! llenryS. Little, John Kcan, Edward G. Knight
| Henry G. Kelsey, Sydney shepard, G. Deb
| Keim, Samuel Sloan, J.. Kennedy TOD, aud
/ Rober. Garrett Tho president of the company
! remarked that the Philadelphia and Reading
road Is not likely 10 pay any further dividends
| on the New Jersey Central stock, although he
| claims that II this road had been in the stock.
| holders hands they would not have been In
| any such good position as at present lie rec
ommends that the road be allowed TO remain
| with the Philadelphia and Reading for the
| time being, or NJ least until tho latter road
| puts the New Jersey Central into the position
! il promises 10 do This may take either SIX.
| twelve, or eighteen months. II Is uncertain
! when the payment OF dividends ON tho stock
| Will DO resumed Tho president said he did
I not know whether any other road would want
\ tho new Jersey Central, A resolution was
I adopted that the STOCKHOLDERS direct the di-
reGtors TO take back their road until tho Phiia-
| delphla and Reading shah pay on both bonds
aud stock