The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-11
Miscellaneous Notes.

The Lake Shore has 81, 100000 cash in its
treasury and not dollar of floating debt.
Great changes are likely to occur in the rail
road map of New England between now and
1893
The Chicago, Burlington G. Quincy has just
placed an order for twenty tons of steel rails.
1887 delivery. orders for winter work being
placed at $34 034 so per ton.
The Northern Pacific company will always
have cheap fuel In the engines east of the Mis-
souri, it burns Pennsylvania and Ohio coal,
brought to. Duluth in ballast.
The people of southern California are said to
be noting with much satisfaction the speed with
which the Southern Pacific extension is being
pushed both from the north and the south. If
the same degree of activity continues there is
little doubt that the whole line, from Soledad to
Newhall will be completed and in operation in
less than eighteen months.
jaw Gould has always maintained that Mis-
souri, Pacific was one of the most valuable rail-
road properties in the country, and that it could
both in good and evil times, maintain it's regular
rate of dividend. and at the same time have a
sufficient surplus to provide for all necessary ex.
tensions. This year the policy of expansion has
not been given up for new territory has been
steadily developed by tho extension of branches
and the connection of those already constructed.
1t is stated that the stockholders of the Mis-
souri,. Kansas q Texas are preparing to carry
the next annual election of that road, which oc-
ours in Nav, 1887. The statement NAV appear
less perp.exing when it. is explained that jay
Gould is president of the NJ, K & t., and is al
legged to have sold out his interest and thrown
the wreck aside, he has in the case of 80
many other railroads. The road is under q
ninety-nine years lease to Mr. Goulds Missouri
Pacific.
Transcontnental line men without exception
report business good this year, more especially
officials of the Southern lines The Grand
Army convention was great success, and the
low railroad fares have introduced many new
people to the shores of the Pacific. Southern
California is growing more rapidly than the
northern section. OF all the railroad traffic of
the Pacific coast year ago IA per cent was for
southern California. Now 20 per cent. is for
that section.
Contract has been awarded by the Poughkeep-
sic Bridge Company to the Union Bridge Com
pany. of New York city, for the construction of
an iron railroad bridge over the HUDSON river at
Poughkeensie. n Y. The bridge proper is to
cost s., 228 000 1t is to be of steel, with four
spans in the river 525 feet each in length two of
which are to be cantilever. Railroad connec
tions from Boston direct to the far South and
West, 1t is said are assured over it, only twelve
miles of road being now needed to complete the
line, and that twelve miles will he built forth
with. Great expectations are based OH the coal
carrying traffic.
The road-bed Of the St Louis, Arkansas &
Texas railroad is now ready for the widening of
the gauge 10 standard width and nearly l. 500 900
new ties are in place, al the outside spikes are
driven, and all the work necessary to be done
will be completed By the 10th instant. Sufficient
standard cars and engines will be parked at
points on the line by Oct. 10 to warrant the
change Of gauge on that date. The road is 735
miles long. and is now Of three-feet gauge. Sew
enty new locomotives are being built at Rome.
N Y, the passenger equipment is being con
structed at Wilmington, Del, and the freight
equipment at Detroit and Chicago.
California wool shippers have of late made
large purchases in Utah and Nevada for ship
ment East AS the rate from Salt Lake City to
Boston is So per hundred pounds in carload
lots, and from San Francisco to Boston only rs
cents, the merchants in that city have paid the
local rates over the Central Pacific from Salt
Lake TO San Francisco and then reshipped the
wool at the low through rate over the same line
to Boston. Immense shipments of this kind
have been made and the heavy demand for wool
has caused quite rise in the price of the article
in Utah. The reason for the existence of this
very peculiar state of traffic affairs is found in
the heavy competition with the Pacific Mail.