New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-04-28
RAILROAD INTERESTS.
MISSOURI, KANSAS AND TEXAS AFFl

MISSOURI, KANSAS AND TEXAS AFFAIRS
The relations of the Missouri, Kansas and Texas
with the Missouri Pacific Railway Company have not
been fully established The overturcs recently mado
for settlement have been rejected by the Missouri,
Kansas and Texas committee the ground that IL had
no authority to do anything except to elect a new
hoard of direcors When this object has been nc
compIlshed the committee may be Justified In an
oplnon about the conditions Of tho two companies.
Tho play is for position and 1t looks az II the bond
holders committee had the present advantage. iho
rate of interest on the bonded debt will be reduced
undoubtedly but there would appear to DC no reason
why large rates should be paid. The reduction OF IN
tcrest charges as the Star of Empire Westward
is assured.
In letter to the committee Russell Sage proposes the
reorganization of tho company on lower interest
basis He admits indirectly the success of the oppo-
sition by saying:
"If the board of directors should decline this propo-
ston we would interchange business with your COM
many I'm such way to produce the best results ior
hoti companies. We do not doubt being able to glVo
a much larger tonnage to the Missouri hansas a'i =,
Texas than that road give TO u.s. The reason -
that tho business which originates In Texas does not
all go North, but considerable part OF u nhus i "@'
TO the seaboard at NewOrleans and Galveston
MISCELLANEOUS RAILWAY INTELLIGENCE
Albany, April 27.-The Sixth Avenue Railroad Oh
New.York City, for the quarter ended March ol' ~
ports: Gross earnings from OPERATION sl5267o operat
from operation s2s 622 income from sources other thah
operaton 81 s36 gross from all sources $50 43y
income Interest on fun1cd deoL -
taxes sl2O 900 income from all sources, ~ d00D'
Cash on hand s94 227 Profit and loss (sufpus s2SsSo
The Bushwick Railroad, OF Brooklyn, for the quarter
ended March 81 1888, reports: Gross earnings from
operation $50 421 operating expenses excluding all
taxes) SO 233 net earnings from operation, S3le';
income from sources than operation, s5l7; gross
income from all sources So 704 Deductions from Income
Interest funded debt &c ooo interest on floating debt
md Sl.10
loss from all sources, SS.OoO Cash on manu. S-'o'1'
Profit and loss (surplus). 500 655.
Chicago April GA meeting OF the general managers
OF lines between Chicago ,"d Missouri River points was
held to-day purpose Of agreeing basis OF d
visions with the lines OF the Missouri River on
through business under the tarin. The move was
made necessary by dropping Though rates to Colo
rado points competition Of the Fort Worth and
Denver the Morgan Line OF steamships 1t agreed
that pro division OF the through should be made
by the connecting roads concerned in this traffic.
Philadelphia. April 81 (Spccal)-The state
ment OF the earnings OF the Reading Com
pany for March shows a decrease in net earn
ings Of 1914 900 as compared with the month OF last
year. and months ending March 81. decrease
in the earnings OF 81, 54403o compared with the
period OF 1887.
Philadelphia. April 27.-The railroad companies In the
Lehgh and Schuylk Valleys have agreed to make reason
able the iron manufacturers along their
lines The first announcement made to-day In the
shape OF reduction in the price OF freight coal The
Lehgh Valley Railroad made the price OF coal 10
50 10 the Mines reduction OF fifteen cents
and has lowered freight rates fifteen cents in addition
The Behigh Coal and Navigation Company has also re-
dueed coal to furnaces fifteen cents per ton.