New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-25

MISCELLANEOUS RAILWAY INTELLIGENCE.

NEw-HAvEN Dec. 24-The report Of tho directors OF
the New-Haven and Northampton Railroad 70 be sub
mtted to next "Wednesday gives the ex
penses as $3.50 29 and the earnings as Ss3SooS an IN
crease of S3s 38i BY the issuance Of 100000 OF I'VE
per cent bonds all hut $4,000 OF the noatng uep mas
heen taken up making annual saving IN interest OF
e. 400 The passengers carried numbered 53s.OS4, an
Increase OF 7G3l and 5O3,O16 tons OF freight were
moved, an increase OF ol.3OZ.
CHICAGO Dec. 2i.-The Michigan Central Railroad
Company has given notice to agents and connections
that beginning January l, 1887 all arrangements for
percenage divisions OF through rates with other railroads
and lines will be subject to arbitrary rates nxed on
mileage basis These not to be considered as regular
tariff only the minimum proportion which VIII oe
accented on through rates 1t asserted hat ths ACTON
n the mart of the Michigan Central indicates the correct
ness of charges heretofore made that interior roads were
taking grain from points in Ohio to New-hngland points
on basis of 20 cents per 100 pounds or 10 cents .ess
than traffic rates This freight being shipped to lOedo
Detroit and Cleveland, and then Is forwarded ny the
Michigan Central other connecting roads TO aesna
ton The Michigan Central, 1t Is said, does not propose
TO accept regular prorata proportion on severely CUT
rates and consequently establishes the @ ~, T @
s the smallest proportions ii Will accept from It's con
necoms This action 1t is said also lhucaes IN thau ,e @
Michigan Central has given up hopes OF the pooi pelnS
able To enforce agreed rates
dispatch from Des Moines Ia, says " Judge Love-
Of the United States Circuit Court yesterday filed de-
cree ordering sale Of the Dcs Moines. Osceola ana
Southern Railroad TO satisfy Judgments against III heu
By bond and other lien holders The road has been oper
ated by receiver for the last two years and an eort Will
be made to clear up Indebtedness and reorganize It,
The decree allows the road ten days IN wneh pay o
court the of the liens interest cost etc. amount
Ing in all about 81 ,5OO,OJO III default OF when ,he
rad 10 be sold by the commissioner appointed for that
purpose, at such ime as he may name H. Il. Masoh .he
nresent receiver is appointed commissioner TO conduct
the sale The road Des Moiues to Gainesville,
"a distance OF llJ miles.
Boston, Mass, Dec 24It is stated on good authority
that the directors of the South Boston Horse Railroad
Company have voted to sell the property to he Metr0po-
itau Horse Railroad Company The stockholders have
vet TO ratify This will consolidate the TWO most
| Important railroads in Boston.
| PHILADELPHIA Dec. "a (specf1u.-The executive com
mittee of the reconstruction trustees of the Reading
have prepared call for the deposit OF securities under
the reorganization plan, and will publish on Monday
The limit of time for acceptance by security holders Is
fixed at March l. The general mortgage bonds VIII be
deposited with Drexcl. Morgan Co. and the other Sc
cuiities with Brown Co. The only change IN tne
plan as has already been published is the provision
that in the event OF tie withdrawal or yeherl
bonds after they have deposited the expense levied
upon them should not exceed ~ per bond