The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-12-17
ON RAIL AND CROSSTIE.
Local and General Gossip in Railway
Circles.

Local and General Gossip in Railway
Circles.
The grade of the Oviedo and Lake Jesup
road is completed, and ties are in place and
the iron will be put on as soon as it arrives.
The Mallory steamship line and several
capitalists from the north are said to have
acquired large interest in this railroad.
Under the heading Squeezing the
Lemon" the Wall Street Ne10s of Saturday
says: Richmond and West Point Terminal
both common and preferred, were sold yes
terday as freely as the shares could be dis
posed of. The gentlemen who were bulling
these securities around 2915 were loudest in
their denunciation of the property. The
speculative directors of the Richmond and
Danville are being temporarily knocked
out, and it is a serious question whether
they will be ready to answer when time"
is called.
A dividend of IL per cent. has been de-
clared on both the common and the pre-
ferred stock of the Wrightsville and Ten
mile railroad, payable Jan. l. The
road is in no wise embarrassed in the
payment of dividends on account Of the
larceny of the money for the November
payroll, which Treasurer w. c. Matthews
had in readiness in his safe for this purpose.
The surplus cash is safely deposited in the
bank, and they will, without doubt, pay
the January dividends. The loss of the
5000 is far from bankrupting this solid
little institution.
The first Pullman sleeper into Jackson
vile in four months was the "Yara,::
which went in Friday with Superintendent
Richardson and his office attaches Fifteen
sleepers will run to Jacksonville this winter,
two on the East Tennessee, Virginia and
Georgia road from Cincinnati, one from
New York to Tampa, one from Washington,
one from Savannah, one from Charleston,
one from Jacksonville to Orlando. one from
New Orleans over the Florida Railway and
Navigation, one from Louisville by the
Brunswick and Western and five ON the
vestibule train, making fifteen in all, an in
crease of two over last years number.
The Raitroad Gazette, replying to the
report of the interstate commerce commits
sion that the law was a benefit to railroads,
shows the decline in the price of shares
since the law went into effect. In New
York forty-six stocks have declined in value
$221, 0O0, 900, and five have risen in value
4,750,00O. The total par value of the stocks
mentioned is 100000, 900. The shares
showing the greltest loss are: The Atchison,
$39, DOC, 600: Chicago, Burlington and Quincy,
S26, $50 600; st. Paul, $l5, $50, 600; Missouri
Pacific, Sl7 ,250, 900 Rock Island, IL, 900 000
Denver, $5.750,000; Chicago and North
western, Sd,iO,UeO; missouri, kanSis ana
Texas. S95OO,0O0 and Richmond Terminal,
$7,500.000. The Gazette attributes the de-
cline entirely to the operations of the inter
state bill.
President Inman's annual report to the
stockholders Of the Richmond Terminal
Company, which he submitted at the an
nual meeting last week, is very brief. He
calls attention TO the movement for a con-
solidation of southern properties. He gives
his reasons for favoring such a movement,
which may be itemized as follows: Econ
omy, stability and reasonable basis of
rates, and the extension and improvement
Of facilities of transportation. The report
of the secretary and treasurer shows:
Bonds owned, $40, 665, 1882; preferred stock,
S9,91e, 1888; common stock, $34, 34S, 796; stock