New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-19
BAL TIMORE AND OHIO STOCKS STRONG.
HELD AT PAR AND ABOVE WITH NO HOPES OF AN
EARLY DIVIDEND.


EARLY DIVIDEND.
Baltimore, May 1s (special.-The Baltimore and
Ohio Railroad management is elated over the
strengthening tone developed in the stock John A.
Hambleton g. Co.'s banking circular, to be issued to-
morrow will say: Baltimore and Ohio stock sold
at 100 Ia and par still bid, with no stock offered
under 1o5. Considering the fact that Baltimore and
Ohio stock is not dividend paying security. and that
It IS uncertain when dividends will be resumed, par
would appear quite high enough for It. 1t is not I'M
probable that tho rmness Of the stock established
for purpose, In view Of tho bringing out OF tho
81 SOC, 900 per cent bonds. Baltimore and Ohio
Staten Island IS offered this week at 103 and
interest. 1t is rather anomaly that the Staten
Island S. which are indorsed BY tho Baltimore and
Ohio, auA their interest, should be offered at
1o3 and interest at the time that the Baltimore
and Ohio consolidated mortgage 5s snapped up at
105 and interest
"The benefits hereafter to be derived from the Bal
tmore and Ohio contracts with telegraph companies
and the United States Express Company pledged
security for the consolidated mortgage bonds.
This, It is to be presumed includes the 100000
nulty to be paid by the Western Union Company and
profits from express business with the United States
Express Company, but probably does not include dvi-
dends upon the 100000 Western Union stock and
81 800 900 Of United States Express stock received
by the Baltimore and Ohio for the sale Of fits telegraph
and express lines held by the syndicate col
idated mortgage IS 500 900, which covers all Of
the direct mortgage bonds of the company, and
more bonds can be sold except TO redeem existing
9S ,hg 0 Gt
company was relieved OF a TEN poraLy haancia embar
debf and is now in situation TO meet all Its obIra
tions, and to transact Its business In satisfactory
per cent bonds shows that the credit OF the oB Ba fE
more and Ohio is fully re-established."
The officers of the Central Railroad Company Of
New-Jerscy have discharged SIX conductors who were
duty the main line of the road, between this
city and Wilbesbarre Penn. The dismissal of the
for failure to obey the rule ordering con-
ductors to collect ten cents In OF all fares paid
on the trains and to give each passenger a special
ticket showing that the "excessp fare had boon col
lected There viii be no clean sweep" of conductors
on the road reported. as only seven have been
reported as having violated the rules. The loss to
the company, If any, Is small.
MISCELLANEOUS RAILWAY INTELLIGENCE.
The freight committee OF the were session
yesterday at Commissioner oce 10 discuss west
bound freight rates The work done largely of
CHARACTER but many Of the complaints underbilng
% were Discussed The sgooS e Se 81 cutting tae
tves Of all the roads was to prevent OF
The talk OF possible through passenger car service to
the Pacific Coast by the Pennsylvania Railroad gener
ally dscredlted in railway circles General Passenger
Agent Monet OF the NewYork Central said yesterday
do not believe that the Pennsylvania any road
VIII attempt such innovation. Our Western connec-
tons have frequently urged TO extend our vestbuo
seS T fpuSn San w ,pseS Sss but w have steadily re
be given by comparatively shorter and sleeper that
went through without change than 600 miles
neSs.n - ~
Louisville KY. May 1s.-Governor Buckner to-day ap
pointed l. A. Spaudlng A. B. Fleming and J. n Hogar
70 be Railroad Commissioners
Cincinnati Ohio. May 1s.-President NJ p. Ingalls, Of
the Cincinnati indianapolis, St Louis and Chicago Rail-
way, to-day appointed W. NJ Greene general manager OF
tho road Mr.. Greene who, time has been as
sisant 70 President Ingalls, son OF NJ. NJ. Greene
founder OF the Columbus and Hooking Valley road
Boston, Mass. May 1s.-The Meigs Elevated Railroad
Dill was signed by the Governor to-day