The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-28
Miscellaneous Notes.

miscellaneous Notes.
There are renewed rumors of Lackawanna Sc
curing control of the Nickel plate.
There is lively squirt in the stock of the
Reading railroad, and it is imputed to a combi-
nation that looks to the rehabilitation of the
corporation.
Out of total of $15, 000 900 of subscriptions to
the South Pennsylvania enterprise, about So
OOO 900 have agreed to accept the offer of transfer
to the Pennsylvania road
The approaches and foundations for the Chi
cago, Burlington & Northern's bridge across the
Galena river at the cutoff will he ready for
the superstructure by Nov. ]. The bridge will
have draw 200 feet wide
A former director and prominent official of
Atchison, who is now at the head of new rail-
rood enterprise in the West, is reported to be
$50, 900 out of pocket by the recent advance in
the price of Atcnison, Topeka & Santa Fe stock.
It is reported that the steel rail manufacturers
will reconsider restricted production and agree
upon a large output in consequence of the de-
mand Orders lass week were 40 900 to As, 900
tons, and negotiations for 1000 tons more are
pending.
Investigation shows that there is undoubtedly
something going on IN the matter of the Denver
e. Rio Grande consolidating with the Denver &
Rio Grande Western. The advantages of such
consolidation to the Denver & Rio Grande would
be many.
An Erie official says some important develop
ments In Erie will be made known in few
days. For long time there have been negotia-
tons going on looking to an Improvement of the
financial condition of the company, and there is
strong prospect of success.
Buffalo freight agents report both east and
west bound business very heavy, with great
scarcity of cars The through business over the
New York Central for the past four weeks on
shipments received from Lake Shore and Nickel
plate, including all kinds of freight shows
an increase of 600 cars over the four weeks pre-
vious.
The Atchison, Topeka & Santa Fe is in a
quandary over the situation, not knowing
whether to jump out of the transcontinental
pool or remain In it. The attitude now assumed
is threatening for the Southern Pacific and it is
thought that the recent arrangement respecting
California traffic well be held very lightly if the
Atchison does not receive all it has barganed for
under the contract
The srecent recommendation of the railroad
commissioners in reference to transit rates on
the Northwestern roads has resulted in all the
lines reducing their local rates to Minneapolis
and st. Paul, and increasing the through rate to
Chicago q cents. The impression that the
transit rate would be done away with proved to
be erroneous. The advance in the through rate
is not extraordinary as it is usually made at this
time of the year. 1t will go into effect Nov l.
Michigan Central does not come within the
wholesome influence of railroad commission
requiring the publication of quarterly reports,
by many important systems of issuing monthly
statements of operations. But an approximate
statement for the first half of the year is pre-
pared TO keep the stakeholder in heart until the
annual report appears. The last statement be-
ing for six months from Jan. l to June 30 of this
year. showed deficiency of fixed charges of
$233, 900. or at the rate of $l55 per mile on the
mileage of 1884
Obstacles have arisen which are giving Vice
chairman Pierson trouble in forming his Boston
passenger pool. The Lowell refuses to consent
to scheme which will compel it to shut the
Central Vermont, Passumpsic or Southeastern
roads off if they should hereafter cut the rates
upon Western business. 1t also declines to
place its road in such position that the Canadian
Pacific cannot compete for Western traffic from
the Northwest or Chicago. should it secure an
independent line to the latter point, now
looks probable. Then the Fitchburg is some
what uneasy in regard to its future Its mana
gers are DESTROYS that Vanderbilt shall give
them some guarantee that he will not shut them
off from the West Shore few days after the
pool is arranged, before they will sign an agree
ment Under heavy penalty to sustain rates.