The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-08-01
Jersey. 1t now takes two hours from New
York to Dover. and by the proposed route
1T will not IL Ike oy er an hour.

Jersey. 1t now takes two hours from New
York to Dover. and by the proposed route
1T will not take over an hour.
The Norfolk Il Western is about to con-
solidate with some of its connecting lines,
including the Norfolk Terminal, and issue
lines. which will also be a first lien upon
the terminal facilities at Norfolk and Lam
berts Point, Va, now the property of the
Norfolk Terminal company, and also first
mortgage on the Ohio& North Carolina ex-
tensions about To be constructed. The
mortgage also provides for the ultimate re-
funding at lower rate of interest. of all
underlying liens, a large part of which fall
due or are redeemable during the ensuing
eleven years. and thus Will In time become
first mortgage upon the entire system.
President Miller, of the Baltimore Corn
and Flour Exchange, sent final appeal to
Vice-president Smith, Of the Baltimore q
Ohio. urging that the rate on wheat be al
lowed to remain at 20 cents. basing his APP
peal ON the alleged fact that the wheat
trade of Baltimore is idle, and no deliveries
can be contracted for beyond July. In re-
ply, Vice-president Smith says the increased
rates will go into effect promptly on the
date agreed upon by the joint committee of
the Central Traffic and Trunk-line associa-
tiOns. But he will keep an eve upon the
results to the trade, and If they seem to call
for a return to the twenty.cent basis he IN
Inmates that favorable action may be taken
by the Baltimore q Ohio and the Pennsyl-
vania. All of which may be interpreted to
mean that there is little ground to hope for
stable rates this season.
General Freight Agent Hill. of the Big
Four. with the approval Of General Traffic
Manager Murray, announces the appoint
ment of Henry s. Fraser as general freight
agent in charge of all freigh traffic originat-
ing in Indianapolis. Mr.. Fraser will have
Ticket Agent Martin, at the corner of Wash
ingtOn and Meridian, and the offices at the
Bates House corner will be abandoned.
Other appointments of freight officials on
the Big Four are announced as follows: j. +.
Ewing, general agent at Cincinnati; A. NJ.
Srinson, general agent at Lafayette; A. 5.
White. assistant general freight agent IN
charge of traffic originating on the line
East st. Louis to Indianapolis. inclusive,
Office at st. Louis; A. b. HOugh, assistant
originating on the line Indianapolis to
Cleveland. Cleveland to Columbus and
Springfield, all inclusive. Office at Cleve-
land; L: r. Brockenbrough. assistant gen.
eral freight agent, in charge of traffic orig
mating on the line and branches Cincin-
natl to Chicago, inclusive. but not includ-
ing Springfield and Kankakee u Seneca
railway, office at Cincinnati. All the di-
vision freight Offices are abolished.
Some of the more important causes af-
fecting the Alton are being lost sight of.
During the last year and half three new
lines have been opened between Chicago
and Kansas City-that of the Atchis0n,
! that of the st. Paul and that of the st.
| Paul d Kansas City. The Alton has had
| all these new competitors to contend
| against; and it is this circumstance rather
| than the absence of branches west of the
| Missouri. that chiefly explains its stua-
| ton. The loss of business arising from the
| operation of these new lines has been in
| creased because certain large shippers be-
| tween Kansas City and Chicago had i'm
| pOrtant pecuniary interests in one of the
| new roads. But the position of the Alton
| for commanding traffic is unusually good,
and it should, therefore, have no difficulty
| in getting its proper share. AS far as ability
| to compete with other lines is concerned,
| the fact that its stock is small and has
| never been watered constitutesas strong point
in its favor. In any analysis of the roads
| situation it would be unfair to omit men,
ton of one other point-namely, that the
| Alton has lost some traffic as the result of
natural changes in business. Thus, for
merly, 1t had large traffic in lumber be-
tween Chicago and Kansas City; now it is
shut out from that business by the compe-
| tition of Southern pine. Two things are
| clear: First that the Atoms course re-
CARDS new extensions has been dictated by
sound business principles; and, secondly,
| that the road is not in the helpless cOndi-
tion for meeting competition that many in
| agine.--Einancial Chronicle.