The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-14
AFFAIRS OF THE RAILWAYS.


Rumor has 1t that the Baltimore & Ohio and
Erie express companies are 20 be consolidated
The contract TO rebuild on larger scale than
Before the store house of the vandalia company,
at East st. Louis, was let on Saturday last
The FIVE Western roads last week brought into
4his station g. 40 loaded cars, against 3,6l2 in
Rhs week ending June 5. and against 9.44O the
corresponding week 1885.
Boston papers, of Saturday, quote General
Manager Potter Of the Chicago, Burlington d
lQuincy, as saying that he had decided not to ac-
cept the presidency of the Cleveland, Columbus,
lCincinnati s. indianapolis.
Commissioner Fink has made the allotment of
percentages to the various trunk lines IN the
west bound passenger pool, but says they Will
mot be made public, because the general puolc
lwUasd not understand the principle upon which
f&he awards were made
Ticket brokers are beginning to wear more
hopeful smile than they have assumed for
znonths. They think that the clouds for them
havs broken away: that the railroads are begin
ixling to weaken. and that they will soon be able
10 supply tickets TO any point again at hand
agofee cut rate.
Speculation is again rife as to who will pur
schass the Illinois Midland at the foreclosure sale.
The decree of sale fixes the date Sept 80, and
prDsides that if the road sells for less than $780,
De9 she sale, in the discretion of the court, may
be set aside. This sum will be sufficient to pay
Ahs indebtedness proved against the company.
Il is stated officially that the net earnings of
Skhs c., c., c. g. /. (Bee-linel for May will show
inn Sncrease of 800. 00O and for the five months
4hs ret is expected to increase 100000 The
present management is undoubtedly doing good
<sesA, the best feature of which is that freight
Rakss are maintained for the first time in the
Sass seven years.
TAe Chicago g. Eastern Illinois road is assum-
kng the aggressive in all directions. r. q. HUI
%cFx, for number of years general Southern
passsnger agent Of the Baltimore 81 Ohio, and
saftaxward holding a similar position on the
louisville 81 Nashville, has been appointed
s50uthern passenger agent Of the above road,
-wizA headquarters at New Orleans, which is
new 6eld for this road to enter.
L. Fl. Wade, who last week was appointed
E,eusgai superintendent of the Wabash system,
has been with the Wabash for more than sixteen
years, as master of trains, division superintend-
an1 and superintendent of transportation, with
the exception of year and half when he was
Burwintendent of the Iowa division of the Chi
ssaED, Burlington & Quincy. His record as q
xniEoad man places him in the front Of the
lxapks
| Boston capitalists are turning their attention
to the Big Four road again. The Boston Tran
tserSpt of Saturday says Cincinnati Indanapo-
l1is, Sc Louis 81 Chicago stock. which closed at
N82 bid yesterday, was 85a bid, OK. dividend, to
leay. The declaration of per cent. dividend,
good earnings for May, showing an increase de-
Epdse labor troubles and the practical assurance
'HhRk the outstanding 7-percent bonds, which will
xnaaare in a few years, will be funded in a new
n percent bond, are cited as the reasons for the
advance.
The meeting of the official board of the Union
Railway Company on the 10th will be full one.
RRnd the presidents and general managers come
there for business. If the city authorities act
well their part, $4,000 will be distributed
arpoOg the holders of property the Union Rail
way Company must have before Saturday night.
@nd within ten days the old buildings will be
COzning down as fast as large force of men can
pull it down. and in few months Indian
R2CsRs will have Union Depot which it will
no proud Of, and one which will bring business
ensn to Indianapolis, they will see that it has
arOnsed from its lethargy covering the period
ssises 1873
Below is given the east-bound movement over
Ehs hve leading lines for the week ending June
~. No compared with the preceding week and
with the corresponding week 1885: