New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-10-30
PROPOSING A LOWER RATE OF INTEREST.

Tn a circular letter. issued by the directors,
the stockhoIdsrs OF the St Louis and SAT- Francisco
Railway Company asked to ratfy the agreement by
which that company and the Atchson, Topeka and
Santa Fe Railroad Company are TO guarantee Interest
on new fra: mortgage bonds OF the Atlantic and Pacific
Railway Company. The agreement, which was made
ON October involves the issue of ne~ per cent hity
year bonds ed bond for bond for the pres
eas per cent bombs The guarantee by the
Gan Francisco and AtcEison companies is sew
erar and not Joint, one-haf in amount by each CON-
pany Tho present bonds received for exchange,
are to be deposited with the Mercantile Trust Company
security Tor me Sr ns, rooe he
SIC Pacific Company IL TO be PAID 10 tue trust Com
g. 10 the payment OF coupons the new bonds,
and certain other fixed charges to the repay
of advances made by the guarantor companies.
MISCELLANEOUS RAILWAY INTELLIGENCE
LONDON, Oct 29-The half-ysarly meeting OF the
shareholders OF the Grand Trunk Railway Company OF
Canada was held here to-day President Tyler was In
the The president stated that the period II COW
erod had been most unfortunate In the companys
experience Losses had been suffered from excessive
oompe,iton in rates aud fares, smallpox In Montreal.
Srsde was Improving in the United States emigration
was rev!vpg. and IL was not likely that the ROAD woud
meet iaseDsate competition from the Amer
lean rairoads-
NEw-ORLEAxs Oct 29.-Raiiroad building is active
throughout Guatemala and the other Central American
repnblicA
ar LOUIS Oct 29-Fyrst-clsss tickets to Washington
and Baltimore sold openly here yesterday by the
Vandala and perhaps other roads for Sl4 oU reduc
ton of SIS rs from regular rate Tickets 10 Plia-
deiphta we're also sold at SIG. reduction or "a 10
SAN FRANCISCO Oct 29.-rhe azeuts OF the trunk and
trspscontnenta railroads yesterday agreed to dlscon-
tinue all commissions except on the Iowa iines which
sre allowed 10 retain 81 commission on each hrstclass
passenesr they also decided that each road snail re.
tam its own Office tho Canadian Pacific aud
Pacific Mall shall not DO recognized ~ competing lines
CHICAGO, Oct 29-rhe Toledo, Feoris and Warsaw
Railroad was sold by the United States Marshal to-day
for Sf970OOO to John N. Bowers. who represented
CHARLES Moran and Thomas Denny, representing tho
first mortgage bondholderA
PrrrsBUKG Dot. 29.George B. Hili OF tnis city, Mod
petition in tho United States Court this afternoon In
tho case Of wanna Railroad Company against
the Allegheny Valley Railroad asking for the removal
OF Scott Of the receivers OF the Allegheny VAL
ley COMPANY Tho petition forth Scott is ad
Vorso interests OF the conplainants, VINO are
holders VI Income bonds " the road IL also alleged
that he 10 ply scay from attending to the
duties position. tne Court xod November ID for
= hearing IN the case
PHILADELPHIA Oct. OR. w. Do Forest. 8. M. Will
fans and ex-Cnanceiior Williamson. . committee ap.
ponted to define Indebtedness OF tho Recalling Rail-
rad Con papy 70 the Central nave made state
meot xng tue 81 100000 Ihis IS after All
tie claims OF Reading against me jersey Centr~i
have teen admitted