Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1888-11-16
RAILROAD MATTERS.

The Rensselaer, g. Saratoga division of the
Delaware a. Hudson Canal company showed
a surplus of $95, CSC for the quarter ended
Sept. 30, an increase of So A over last year
The Albany & Susquehanna divisions sur
plus was S249, 365 an increase of Sl77, ,i36,
and the New York & Canada's surplus $73-
377, an increase of S3l 800
The annual meeting of the Richmond Ter
minal company will be held at Richmond,
Dec. IL. The managers of all western rail
roads meet Nov. IA to form new passenger
association to include all roads west of Chi
cagO.
The Lake Shore railroad has reduced rates
on dressed beef from Chicago to Boston five
cents.
A dispatch from Chicago says that it is
proposed that the western roads shall COM
bine and send all their business over the Erie,
Baltimore Il Ohio, Grand Trunk and other
lines which are inclined TO act with them.
BY such action the Pennsylvania and Van
derbilt roads will be deprived of most of the
east hound business, and this, it is believed,
will soon compel them to put all their
western connections on an equal footing.
Wabash railway earnings for October in
creased $780,
The guaranteed quarterly dividend on the
stocks of the Cleveland 81 Pttsburg Rail
road company at n rate of Z per cent per
ohhun VIII 10 pau DeC. l.
The disruption of the Northwestern Pas
senger association is complete. Chicago,
Milwaukee SS st. Paul. Chicago St Paul &c
Kansas City, and Milwaukee, Lake Shore &c
Western have withdrawn.
1t is said that the representative of the
foreign stockholders of Pennsylvania will
again visit this country for consultation
with President Roberts and the directors in
regard 10 the dividend.
Pennsylvania has made cut of five cents
in the rate on provisions from Chicago to
New York.
The Mexican International Railway COM
pany has decided to build branch road from
Bentio to Monterey, connecting with Tam
piCo.
Superintendent Keller of the Flint e
Pere Marquette writes: "We are about 5000
cars short of filling our orders, and on only
furnish cars as our connections gi Q tn m to
us daily. When navigation closes W, shall
get some relief and do better, as we have an
abundance Of freight Offering us at Mil
waukee."
An injunction has been granted to the
Chicago, Burlington & Northern to restrain
the Illinois Central from interfering with
the laying of a track by the former in Du-
hnGue Ia.
The Union Pacific is in funds lust now.
.
charges without paying any dividends for
three or four years their finances are very
easy. The cash balance is over So 500, 000
and is likely to be still further increased
when the company is paid for the Union
Pacific, Lincoln and Colorado bonds sold re-
Gently. 1t seems now to be pretty definitely
settled that nothing will be done about a
dividend until after the funding bill has
been acted upon.
This has probably been one of the worst
years, if not the very worst, that the Kansas
and Texas has ever known. The rate has
been low and so the proportion of net earn
ings is smaller. The gross earnings show q
decrease of 1866, ,6S2 for the 10 months, or
about Is per cent The average falling off
for 10 months was S96, ,000 but the decrease
for October was only S57 ,4SS, or about per
cent.
MessrS. John H. Davis & Co., New YORK,
have just closed out the last lot of the ST.
0O0, 900 first mortgage bonds of The Coluln-
bus and Hooking Coal and Iron Co., which
they have been placing among their invest
ing customers during the past few months.
The company is reported to be doing a very
profitable business the net earnings for the
last fiscal year having been more than three
times the interest charges.
An indication of improvement is found in
the Milwaukee, Like Shore & Western state
ment. Iron ore furnishes considerably more
than half the traffic of this company, and
ore and lumber together make up over four
f1fths Of the total During the first nine
months of the current year the company has
earned full interest charges on mortgage
and income bonds and 6 per cent. upon both
classes Of stock 1t is expected that the net
earnings of the last quarter of the year will
amount to per cent more for the stock.