New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-21
RAILROAD INTERESTS.
IMPROVEMENT IN ATCHISON STOCKS.
SLIGHTLY BETTER FEELING IN BosToN-ClRCo'
LAR FROM TIE BOARD OF DIRECTORS.


LAR FROM TIE BOARD OF DIRECTORS.
Boston, Oct 20 epecaD.-Ihc recovery in Atchson
came this morning II was less important Than var
oohcd for, and lost by the time tho o'o'A
Exchange closed. Something has frcn gained no"
ever If the decline has been stopped. opening
better at Ga, II declined to 63 IL, rapidly aa'
to "a 3-4 and near the close fell off TO 63, ciosns
at G3 L. Last nights close was also 63 IL. i"o
stock closed weak owing to large sales by promiho'
houses which were supposed TO have informauo
relative tho forthcoming financial statement Oh 'o
Atchison system. Tho directors were IN sesSo' ~.
day. but there is question In regaHH Hoat A. thai
publication of the statement. rumor Is alos' .han %
tho statement Is bad one, but more iaVoraoi0 ~
has been hoped for. , ro,eka
The BOARD OF Directors Of the Mchison, LOPEZ"
and Santa Fe Railway Company have ssuea ,,s,,ons o
cular 10 the stockholders stating that inc sS AM 20
10 the road since January I, 1886, have amounted nd VI
0 776 miles and i'm the same time locomotives an an
new rolling stock amounting In value 20 ,,cst IN
the Atlantic and Pacific Railroad and the ROADS IN IN
Kansas owned Jointly with the mon loi ns o. road
Louis and San Francisco roads p,ooi Mileage aver.
ages less than SEQ $50 per mile ana he cst,sr Soes
is loss than sl1 800 per mile inc si as 600 for
coal The funding OF this Indebtedness " ., no, Int
decided to postpone until more favoraDic
in thc meantime to protect the company. suai".
fund OF 81 100000 has been subscribed the momcy
on which will be called TO any extent eo any
Subscribers will receive the companys no,cs lot a,s
money they pay bearing per cent interest ana run,
ming three years but with the privilege hssp pl notes
al par II IS believed this guarantee Us sInp,o n, ~
protect all Liabilities and is agreed that ne an, amo,RI UNI
ccednr $40 600 900. IL It be found necessary. me
notes arc secured by second mortgage OF INC Sh
caro sa % Santa re and California Line and Terminal
stocks with the Boston Safe Deposit lruS'ceS'
CLOSING rp WEST SHORE AFFAIRS
vewburg Y Y. Oct oO-Bcforc supreme Court
Just,ce Charles F. Brown to-day IN the case OF inc
Ir.,cd State, Trust Company Of Ncw-fork against
the New.York West Shore and Buffalo Railway |o'n
many and others, Abram s. Cassidy, tho rcicroo' "a.
scnted his final report for confirmation anu asAcu "
instructions as TO the payment OF the oalanoc y.
moneys remaining in his hands, amounting 10 aoou
s1o7 600 and asked for his discharge AshDel "Iccn
anncarcd for the Reorganization Committee ana as
receiver OF the North River CONSTRUCTION COMPANY: :
Tho court will make order for the disposl'loh VI
the moneys and tho discharge OF tho referee hci0o
Cassidy was appointed three years ago ana mas pce"
much delayed closing up the business by htea'on'
accounts with other railroad companies and tho
faiInre OF many of the bondholdeis 10 preseh, "ei
bonds for the payment of the percentage fixed by he
court Out Of $4,000 900 Of bonds Of the olu
west Shore Company, all have been prcseh,ca u y"
him except fty-four s1oOo bonds a. j, ln m dsnos
the money with the trust company 10 pay me Poi
centage due them when they are prcsch'c"'
MISCELLANEOUS RAILWAY INTELLIGENCE.
philadelphia Oct 90 (SpecaD.-1t was stated In rai'
road circles to-day that nowithstandng the action Oh e
Gloucester City Council, involving the right Of way 70
the Gloucester City and Atco Railroad, the proposed line
will meyer be constructed The United States Express
which is back project has force o hfeeh
surveyors at work is buying no real estate ana II
said that the contract the railroad company ana
Gloucester Ferry Company Is OF hinSy cHi'"V'''
The whole movement is upon here an excuse TO
compel the Reading Railroad carry Philadelphia express
matter between Bound Brook and this city overtureS
have been made 70 West Jersey Express Company
which operates the Camden and Atantc fai'foal
to do the business from Atco Camden but the propo
sitions have been declined.
The Reading has received the last Of the sixty loco
motives ordered from the Baidsin Works