Morning journal and courier., 1890-03-13
RAILROAD NEWS.

A Circular Issued by tho Chicago,
 Burlington ana Norshern-Semi.An- n-
 nual Dividend Of St. Paul Preferred
 -Quarterly Dividend of Western
 Union-Railroad Facilities Between
 Boston and New York.
 BosroN, March 12-The Chicago, Bur lington and Northern Railroad company is- sued the following circular to stockholders:
 An offer has been made to purchase tho stock of this company at 40 per share cash in the interest of the Chicago, Burlington and Quincy company.
 In view of all the questions affecting this road 1t is considered by the director of this company to be for the interest of stockhold- CTS to sell at this price. All stockholders de- string to avail themselves of the offer must deliver their certificates of stock to Messrs. Lee, Higginson and company, Boston, within sixty days from date after they have been countersigned at the office of the company. Payments to be made on delivery of cer- ti6cetes presented as above on and after March 20, 1890. The directors have unan- 'imously agreed to turn in their own hold- iugs of stock at the same price and recom- Signed, J. Murray Forbes. chairman.
 BOSTON, Mass, March 12.-Soon after 2 o'clock this afternoon Messrs. Lee, Higginson & Co. bought majority of the stock of the Chicago, Burlington and Northern railroad at $40 a share in the interest of the Chicago, Burlington and Quincy railroad company. Immediately after the transaction was con- Northern stock at the Boston exchange was jumped to forty, so that nobody has se- cured any advantage in the market from early knowledge of the trade.
 Lee, Higginson & Go. will buy all ont standing stock of the Chicago. Burlington and Northern at forty and will be ready for payment in about eight days. To-day's tions and it's effect will be to make the Northern road part of the Chicago, Bur lington and Quincy saystem and put an end to the long prevailing gate cuts. The step is favorably commented upon. The effect has been big boom in stocks this afternoon.
 NEW YORK, March 12.-The St. Paul rail- road directors have declared semi-annual dividend of 3 1-2 percentage on tho prefer red stock. No dividend was declared on the common stock. This was the action that was generally understood would be taken.
 NEW YORK, March 12.-The directors of the Western Union Telegraph company de- clare quarterly dividend of IA per cent, payable April 15.
 BOSTON, March 12.-The railroad commit tee took up again to-day the question of bet ter passenger facilities between Boston and New York. Representative Quincy presented @ resolution which would require the railroad commissioners to investigate and if any rail- road forming part of the lines between the two cities should be found to discriminate instead of giving equal facilities, to petition the interstate commerce commission for re- dress and to prosecute the case before that commission. Ex-Governor Robinson, for the New York, New Haven and Hartford rail road, disclaimed any intention to discrimi nate and said that slower time was made by the trains connecting with the New York and New England railroad because they were heavier.
 CHICAGO, March 12.-A meeting of tho stockholders of the Illinois Central railroad was held today. It was the date for the an- nual meeting, but it was decided to change the time of the annual meeting from the sec- ond Wednesday in March until the second Wednesday in October. The election of present hoard holding over. Of the 3,s64 persons who own the $40,OoO, 900 capital there ], ,6A stockholders owning $25, 170,- 300. represented in person or by proxy. While in 1873 there were only 338 American shareholders, and they holding only $34, ,515 shareholders and owning $139, ,613 shares.
 NEW YORK, March 1S.-The stockholders of the Louisville, New Albany and Chicago road elected the following officers and board of directors to-day: President, William L. Breyfogle, Louisville; vice president, George F. Rostlethwaite, London; secretary and treasurer, W. H. Lewis; directors, Herman H. Campbell and John B. Russell of Boston; James L. Breese, George R. Hutohings, Charles H. Ludington. s. Naustadt and J. B. Reynolds of New York, Isaac 8. Wanstanley of New Albany, Ind, John B. Hughes of Chicago, and Samuel s. Castleman of Louis vile.