Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1886-12-16

4
| of 09Aers waTa thick q one tima. Tia
delivery hoaE pasaed with no fuTtheE
annsanasmants of that nature, a1d Z
mReh bstteE feeling fook poassssion Of
1 tha room Tho opeainR was extremely
weak, De lines fFOm last eVeuin1aa aQ-
aFea exceeding par cent fer namheR
down ~. IKAnsAaaions for the hFsl
/ nrst asH Hinakes approximaaed 10000
SHARES. and ap % n0oa over 60.00o
shares changed hands. Declines IN the
hFEG few minutes ranged up 70 per
cent. Toward ehe end q The first houF
. slight rally oooafred; EranRerz, trunk
lines and Union Pacific displaying con
siderable strength. Tho maFket waa
fsveTiah and irregular, howeVsR. and an
and Reading leading The decline. The ex-
tFeme activity was largely decreased a.
ter u o'elook, aocowpanied By q slight
movement, heweweE, ,wns again resumed,
Manhattan assuming the lead. In The
last heaR grand rally took plaoe, and
material advances 0oeR the lowest de-
ufe8 were recorded, and the maEk q
AUEMk AtI1M
the day were Loss, ,lS4 shares, of Walsh
heaatnR furnished Isl .0o5. LAokaganna
l02, ,7t0, st. Paul 70i $50, western Unien
e3.66S. New England 81 $50. Jersey Oen-
tral IL the only stock on the active list
showing an advances, ita Qaina for the
day being y. New BnRisnd lost 81.
West Peins 6&. ReadinQ 81, ManhaG-
tan end Tsnnesss Goal and Iron per
cant. each. Omaha ~, Northern Pa
ci6c a3k. Canada Southern 3sf, HoakinQ
VALLEY 81, Pacific Mail 81. Michigan
Central 3. and others l 10 per cent.
Q. p, Q. 8. I. and .. h 4 n. Matters.
B0sTos, Dec. I5.-In the course Of q
called nesting Of the Union Paaifo
Railway Directors todsy, G0vernmsat
Direetor Alexander inquired Of Presi-
dent Adams Why the GsVeFnment Fe
quiFements for the first nine months Of
the present year, which we're e787 600
In 1885, were estimated at only e500, 600
during the current year. In reply
President Adams gtsted that this vas
due 20 the var in rates which had sx-
listed since February last among the
transoontinental Failwsys and which
had destroyed she profit on the whole
tFAnGoOntinenkal trafiio of the year.
Government Requirements we're based
upon she percentage Of net earnings
Of aided linss. especially Unien Pacific.
These lines we're originally bailt 70 ao
little else than tFaRaeontinenAal busi-
neas. This business had formerly boen
confined 10 the Union Paciao and Pasa-
ma and had been q source Of great
pr6tiG It vas neW divided among six
Fou. e. Whieh had been, and still were
competing for it 10 suoh 90 extent that
the business this year had been done
without any net profit. N1t earnings
OF the Union Pacific had therefore, Oar
ing the current zeal, ,bese derived almost
exclusively from business delivered 90
its branch lines. But for this branch
line business the amount 10 be- paid the
under the Thurman AsG
requirement would have beea reduced TO
Aimost nothing. as that act called
Tor % per cent. Of the net earnings Of
the Union Pacific Division, and bat for
the business Of the branch lines the
earnings OF the Uni0a Pacific Division
aould have been very small. The &C.
0urity OF tbs Governments nov les IN
the tFafhs which the original aided lines
derive from the present UBion Paciac |
auxiliary branch system, and from the
active development Of that system tue |
company most in the future depend 10 |
meet its obligations 10 the Government. |
The draft Of an indenture In three
parts between the Union Pacific, Oregon
Short Line and the Oregon Railway a
Companies was Submitted 10 |
the meeting BY President Adams. Ths |
Oregon Shert Line, under this instru
ment, leases the property OF the Oregon |
Railway 4 Navigation CompAny, and |
covenants OF the lease are guaranteed
BY the Uni0n Pacific, and six per cent. |
10 guaranteed on the stock Of the Ore
Ron Railway q Navigation Company,
end provisioa is made for the early II
tension Of the railway sysaom Of the
Company and Oregon short |
Line The inatrument &c submitted Wa
approved BY the board, and referred te
the Executive COMMITTEES for suuh
changes in details as might be advised
By counsel and agreed apen by the par
ties.
a Polltieal vIetoTy.
LINN (Masa.), Dee. 15.-GsorQe d.
Hart (WoEkinRmsn's oandidate) was
yesterday elected Mayor ever Kimball
citizen e oandiaate), by Q vote Of s,el7
TO 8,2S3.
Canada Was HIS Refage.
NEw YoRK, Dec. l5.-William esorsF,
engaged On the commission dry goods
business on Church street for many
years. has suddenly departed, IesvinR
creditors mourning 20 tue extent Of
$50 co. storeg is over 70 years Of age,
and blind, bat it IL thonRht that he
reached Canada ell EiRht.
New GoVern0F ana New CIeFk
WAssIN0FoN, Deo. 15.-Ths President
sent the following nominAtiens 10 the
5snats today: Preston II Leslie, OF
Kentucky, 30 BE- Governor Of Montana
Territory; Henry A. Hayden, Of Minne-
sota, 10 be OleTk Of the Di strict Court
ioF tbe DistgiOs Of Alaska.
Realzned eat.
p. O. Rogers, DsP1iy COmmis sioner Of
Internal Revenue, has resign Cd, the
10 take edeot on the appoint
ment and qualification Of q sncoesaor.
fhig aesion vas takeu st the instance
Df the President. Rogers ia . Rspabli-
ian, and has been In once for many
PEARS. There are no charges against |
him. IL 10 generally understood that |
Chairman Of the Indiana |
5tats Democratic Oommittee, will BE- ap-
pointed to gaooesd him.
Trial Csnde mnea.
NEW Yoax. Dec. 1&.-At q moetiRQ 10
night, District Assembly, K. Of L., No. |
g, oomposed Of printers, adoptod 9 re-
Olati0n eondeRning the unfAirnes Of /
he trial Of the anarchists in Chioaao.
A Doshie BaFIke.
LARATEFFE (lnd), Dee. Il.-BrAks-
ms0 on the L. A. 4 O. road today joined |
The freight conductors IN their strike, /
II oondaetoFs are entitled 10 /
sxtFa pay, thsy are entitled 10 the same.
cha@Dloas % the WoFld.
NKw YoKx. Dec. iG.-Ths baseball /
oommittes tSday awarded the cham
pionshtp 10 The Sc. LOais Browns, WITH |
the Recommendation thai the champion
ship Of the world shoald also Be awarded |
them. The o0mmittes rsinstafed Barns. 1