The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-29
AFFAIRS OF THE RAILWAYS.

traffic agreement is said to be for ten years in
stead of three.
Reports of earnings for the third week in July
are in from large number of roads, and. with
out exception, they report an increase over the
corresponding week of 1885.
1t is currently reported that the Missouri Pa
cific has secured control of the Blair & Bailey
line. known as the Osceola, Clinton g Kansas
City project, and will complete the unfinished
line.
The Pennsylvania road has opened its new
branch line TO Beach Haven, a Jersey shore re-
sort largely affected by Philadelphians. who can
now reach it in two and half hours without
change of cars.
general turningover of the force in the local
Bee-lne freight Office at Cincinnati is imminent
Agent Tumy has already resigned. and the
designations of several others are said to be READY
Tor handing to them.
Adams Earl has donated the ground of the
southeast corner of the Shadeland farm near
the brick church on the Wea, near Lafayette, TO
bhe Wabash railway, for building an elevator, to
host about 81. 600 OF $4,000.
A sale of Harlem railroad stock was made this
sTeek at 24O AT this price 1t pays barely per
cent per annum to the holder, though there is
prospect OF increased dividends from the increas-
Ing earnings of the street cars
At headquarters it is generally understood
that the Chicago, Milwaukee e. ST Paul railway
will be running trains to Bismarck before winter
sets In. Active grading operations are in prog
Fess within fifty miles of that city.
It was reported in New York yesterday, and
afterwards denied, that President Depew of the
New York Central had negotiated, in London,
Joan of $50. 600 600 for the Lake Shore to enable
kt to adjust the Nickle-plate's difficulties.
The Union Pacific is evidently expecting no
decrease in business because of the invasion of
ats territory by rival lines. It has just received
Fifteen new engines, of powerful build, and if
teen elegant passenger coaches will be delivered
Aug. 10.
All the railway companies doing business south
OF the lakes and north of the Ohio river have
agreed to charge paying rates for the business
they do, and hence it is expected that the securi
ties Of these roads will see very much higher fg
pres this fall. The squirt in c., c., @. g. L tells
the story.
Narr &C. Gerlach's circular says: "It was re-
ported that some compromise might be reached
between the Gowen people and the Drexel syndi-
cate, and, from what we learn OF the strength of
She Gowen backing we are inclined to think he
must be recognized by the syndicate If he don't
want to fail"
The New York Railway Company was dis
solved yesterday by order of Judge Donohue. of
the Supreme Court on motion of the company
This was asked for because it could not obtain
the necessary leave to operate it's main routes. 1t
was organized in 1884, and has cash assets
amounting to S.. 500.
The engine pulling the train down from In
dianapos to Columbus, on the occasion of the
Panhandle railroad picnic. was handled by Miss
Swanson, the daughter of Master Mechanic
Swanson. of the Jacksonville, Madison g In
aianapoiis railroad. and she is said to have man
aged it with all the skill of an old engineer.
The !. Il ST. L. company has begun the work
OF erecting an additional span on the west end of
the bridge across the Wabash river at Terre
Haute. This will give the great volume of water
n ok0 for 4hwnv, oh, As,rt ohako
eofore the current has been very swift and de-
attractive. The improvement will cost about
$25, 000
The international convention of the Brother
hood of Locomotive Firemen will begin at Min
neapols Sept. 10 At the close of the conven-
Eion grand excursion will be run, by special
trains to the Yellowstone Park. All delegates
from the West end southwest will meet in Chi
Eago on Sept. H. and proceed thence to Mime
hpolis by special train
The Wabash receivers have given up, since
-khey took possession Of the road, 400 miles of
the leased lines end branches operated bv the
old management. The committee appointed by
the bondholders to investigate the reorganiza-
4ion plan put forward by the purchasing commit
tee have gone into the affairs of the road very
thoroughly. and will make report ia a few
days.
A change Of time goes into effect on the
Louisville. New Albany & Chicago next Sunday
which will materially increase the facilities for
be put on for the accommodation Of through
traffic. The road-bed is being put in thorough
condition, and the time of the trains will be made
such as to materially enhance the popularity of
the line.
The third rail on the Utah g Northern has
been laid from Butte to Anaconda. New ties
have been distributed from Stuart to Garrison.
From Stuart south the road will be entirely
standard gauge. The road will be operated in
the Joint interest of the Union and Northern Pa
al AZ Ifnoo Man tive pyvtIl ho nd
by the company, but Northern Pacific will be
used. When the third rail is laid north to Gar
rison through trains will be run between st. Paul
and Butte.
Jay Gould, in an interview says that he
4g giving his attention chiefly to railroad build
ing; shat construction is going forward at the
rate of five miles per day, and that by the close
of the year there will have been completed one
thousand miles of branches and feeders, all of
which will belong to the Missouri Pacific system;
that operating expenses for the first half Of
1886, were only 52a per cent, while the earnings
now are largely ahead of last year.
The Rock Island has just awarded contracts
for the construction of FIVE hundred box three
hundred stock and three hundred fiat cars. OF
these six hundred will be built in Chicago and
Ave hundred in Detroit In addition, the Brooks
locomotive works has been awarded contract
for twenty locomotives for the Chicago. Kansas
81 Nebraska road the Rock Islands extension
west of the Missouri river. These are busy days
with railroad contractors, and car and engine
builders.
The statement OF the New York Lake Erie g
Western railroad including 68 per cent of the
gross earnings and the entire working expenses
of the New York, Pennsylvania & Ohio railroad
for the month of June shows Gross earnings
in 1885, ST, 45l. $780, 1886. ST. 8S7 $685. working ex-
penses, 1885, $l,136409 1885, 81, 1872 928; net
earnings. 1885, 1915 523; 1886, 1854 SIT; exclud
ing New York, Pennsylvania & Ohio for the
month of June: Gross earnings. 1885, 81 ,202, 1856;
1886, $l536 $685. working expenses, 1885. $780,
1885, 1885, 1886. TAT; net earnings 1885, 1862, 100;
1886, $3.50, 060
The two years agreement between the Jersey
Central and the Baltimore q Ohio is not likely
60 permanently help the price of the stock of the
former, for it is clear that the Central is only to
be used until such time as the B. 81 O. has its
own line built TO Staten Island When 1t reaches