The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1889-07-09
RAILROAD READING.
Cut on Freight RateS-Railway
Earnings-Spikes.

On the subject OF railway earnings, the
Buffalo Express says.
The last quarterly statement OF the Van
derbilt lines shows that the system is hold
ing its own, but doing little more. The
statement may safely be taken as criter-
ion in estimating the earnings OF the other
eastern roads.
The New York Central incre sses Its gross
earnings for the quarter just ended about
3OO,OO0, and It's operating expenses about
100000. 1t will pay interest on Its bonds
and per cent dividends on its stocks and
have a surplus of about $4,000, as COM
pared with a deficit of S184, 900 in the SIM
liar quarter of 1888. The statement for
the nine months shows decrease of about
$3.50, 900 In gross earnings, as compared
with the corresponding period of 1SSl-SS
This shortage, however, is oyerbslaneed by
saving In operating expenses. The sur
plus over interest and dividends for these
nine months in 1888 was $1,000. 1t
will amount to S27 900 this year.
The Michigan Centra's report for the
six months lust ended presents a decrease
of S300,0 in both gross earnings and OPP
Grating expenses, and surplus over inter
est charges of S549, 900, or within $1,000 Of
last years figures.
The Lake Shores figures show increased
gross earnings, but the operating expenses
were heavier than in fermer years. The
surplus over interest charges will be less
by $500, 900 than during the corresponding
six months of last year.
None of these showings are particularly
brilliant, with the possible exception Of the
CentraPs. But when one considers that
this roads monthly earnings are In the
vicinity of S3,000,000, its statement does
not stand out very prominently, nor can
4-per cent dividend carry much consolation
to its stockholders.
While the eastern roads have been run
ming along in groove which varies little
to the credit right or the debit LETT, the
western roads appear to be particularly
prosperous. The majority of them have
increased the earning, and ut the same time
reduced their operating expenses. This
is also true of the smaller roads, other than
the trunk lines, between New York and
Chicago.
NEW LIFE.
The Missouri, Kansas and Texas railroad
has recently developed signs OF life and
vigor hardly anticipated. Ithas purchased
an inlet to Kansas City and effected leases
of feeders which now render it entirely free
of the Missouri Pacific. The bond-holders
are evidently determined that their proper
ty shall not be sacrificed, and they have
wisely concluded that improvement is the
best mode of saying their original invest
ment. Direct connection with Kansas City
is a very important step, and this has been
secured beyond doubt.-Jeferson City
Tribune.
"A. S. Dodge, general freight agent
NJ. K. & T., returned to the city this morn
ing.
j. w. Allen, assistant general freight
agent, NJ. K. & T.. is in ST. Louis attend
ing meeting of freight agents.
st. Louis lines running east are en-
gagged in a cut on freight rates. Rates on
grain have been very much reduced.
Paul Gruber commercial agent n.
K. q T. railway at Kansas City, has been
in the city arranging for opening of the
new Kansas City line.
&C. P. Rector formerly commercial
agent NJ, K. & T. railway at Fort Scott,
Kan. has been appointed division freight
agent with headquarters at Parsons.
Roads running out of Colorado are en-
gagged in passenger rate war to points in
the East. II they will fight over rates to