The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-04-24
Miscellaneous Notes.

The earnings of the New York Central applica-
BILE to dividends for January, February and
March are said to have been only $4,000
The rumor comes from Minneapolis that the
Chicago Rock Island & Pacific road is about to
purchase the Minnesota & Northwestern, with a
view to running fast-train service from Chicago
to Minneapolis and st. Paul.
In the seven years from 1873 to 1885 the rail
way mileage of Canada increased from 6. 1854 to
TO- l49 miles, the train mileage from 49, 000, 900 to
30, $4,000, the number of passengers carried
from 6,443, 600 to 9.672, 599 and the tons of
freight from 1883, 900 to 14,679, 900.
The Philadelphia Record says railway securi
ties of all sorts appear to be mainly held by peo-
pie who have paid for them, and who, finding no
better use for their capital, are content to hold
them until they improve, and as the owners Of
idle cash are unwilling to buy shares 1t follows
that dull stock market must continue so long
as these divergent views are held.
During tho last few days. says the New York
Tribune, the course of eastbound shipments has
indicated the irregularity in freight rates the
part of the Delaware, Lackawanna g. Western
railroad. The arrivals of flour by that route
and it is still believed that the road is not all that
it should be in maintaining rates.
The management of the Northern Pacific has
decided upon building 1881 miles of road this
year. Fifteen miles are in Montana and the re-
mainder in Washington Territory In addition
CONSIDERATION
ing of pa miles in Montana as follows: Helena
to Fort Benton, 150 miles: Drummond to
Phillipsburg. twenty-four miles; and from Mis-
soula up the Bitter Root valley, distance of at
least sixty miles
The Joliet, Aurora & Northern railway Is be-
ing extended from Plainfeld to Aurora the
contract for grading having been let The in
tention of the management is to extend the line
as far southeast as Valparaiso, Ind and as far
northwest as Dubuque, Ia, thus forming belt
line which will connect with the majority of the
trunk lines running into Chicago The road has
been bonded. and as fast as the bonds are sold
the work of construction will proceed.
The Atchison, Topeka & Santa Fe railroad
has begun bitter war against the Texas g. Pa
cifc railroad The former company has issued
instructions to agents in effect that all goods
coming over the Texas e Pacific railroad des-
tined to points in New Mexico shall be charged
the same rates from Ell PasG as goods shipped
from Kansas City. This action virtually pro-
hibits the shipment of goods from Ell Paso to
Territorial points via the Texas & Pacific.
The stbound shipments last week were only
1854 tons, against 70,519 tons last year. The
pool commissioners will no longer give out de-
tailed reports for publication but only the total
figures The Wall Street News asks: What is
this fort 1t doesn't indicate prosperity there
any way IL is looked at The argument that the
business out of Chicago doesn't amount to any
thing, which we have heard much Of lately,
is now seen to be true; but in different sense
from that usually presented"
Lehigh Valley continues to create irritation by
cutting under the regular tariff, and Commits
sioner Fink is endeavoring to correct the evil
So far. however, it has not been serious enough
to tempt the pool lines even to consider the ques
ton of retaliation 1t is hoped that the Eric
and the Pennsylvania will be able to control the
Lehigh Valley within reasonable limits The
Lehigh Valley uses the Ere's tracks, under agree
ment, from Waverly to Elmira west to Buffalo,
but 80 long as it pays the Erie a full proportion
of the rate the latter is powerless to terminate
the agreement
The annual report sf the Norfolk & Vest
ern Railway Company for 1885 was issued
yesterday. The number Of miles Of road oper-
ated is given as $40, besides the Cripple Greek
extension now under construction. The gross
earnings for the year were So. III, 120, and the
net earnings 81 .121. 800. which was $l8 16l less
than enough to pay interest charges The gauge
will be changed to standard on June l. which is
estimated to cost 1909 900, onehalf of which will
be charged against improvement account for the
present year. The board asks authority to is
sue improvement and extension bonds as may
be necessary, but not to exceed 81 900 600. It is
recommended that the New River division he ex-
tended 70 connect with the Ohio river and the
railway system of the West, in the belief that
the pig-iroE traffic will prove profitable and that
the line would furnish the quickest route from
the Northwest to Virginia and the Carolinas.