The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-08
NEWS OF TIE RAILROADS


steamship men yesterday accomplished very
little. Commissioner George r. Blanchard was
present to represent the Central Traffic Asso-
citation. The Central Vermont road refused to
withdraw it's reduced rates, either by way OF
It's lake route or by way Of the 500 line The
Grand Trunk hallway denied that It had been
cutting rates either openly or secretly. and 1t
refused to abide by any agreement to restore
ratios unless the Central Vermont and Cana
dian competitors would do the same. The sub-
jett was referred to the Executive Committee
OF the trunk lines, which. IL ls understood. will
consider the idea Of the trunk lines themselves
participating in the reduction by pro-rating
with their connecting lake lines.
1t was stated in yesterdays SUN that the
Lake Superior Transit COMPANY, which is
operated by the Pennsylvania, New York Gem
trail aud West Shore railroads, had authorized
55-cent rate on May 5, tho day the cut OF the
Northern Steamship line went into effect. The
reduction was announced by the Anchor line,
which the Pennsylvania and West Shore con
9 anS wain anst @ M TSsse Tbe Nave
| York Central was awaiting the action OF yes
terday's meeting before swinging into line. Its
Meen W PTesident J. j. Hi has been in
| New York quietly watching the issue so as TO
don Of the Northern Steamship line repre-
scented Mr.. Hill at the meeting. Mr.; Hill told
| SUN reporter before the meeting that he was
willing to restore rates II all parties concerned
would agree to it. His reason for coming down
to 55 cents first class y d DSGth s was that
rates much lower we're allowed secretly, Bust;
been going through Chicago.
:" But II the roads are going into the rate cut
Northern." Mr. Hill continued, I'VE can do do
much better than 90 cent? we can take freight
sG viii s s
share Of tho haul from Buffalo TO st. Paul But
we don't rely unop busin ns from from the seab9ard
Is from Lake Erie ports. and rates there ore
not affected by tho cuts fiom the seaboard."
The general passenger agents Of the trunk
lines held another meeting esterday The
question OF 9 successor to MI. Tpttle was dig;
available candidates, but the, sub committee
vide seeond-class business was also discussed.
The New England passenger men met with
the trunk line men yesterday to talk over spe-
cial party rates, but they reached no conolu-
sion.
The annual report Of the Mexican Central
for the year ending Dec 81, 1889. contains
% new have been and tSe
the Gulf OF Mexico, has been completed, and is
ready for traffic. With regard to the terminal
facilities the report saws:
From the city OF Tampico to the Gulf the width and
ut Hs the
o tho y CO saS h
was granted by hS and for yAT bS.
THmfS H5SSr Company 81 Of TsGsS
exchange for IT'S own securities An amount Of money
during ST
n
viii pushed RAPIDLY = pssGt.csos
Of least s s Of TAf
soSpsot.d 9 spS Of Of navsHts water
before March l. 1892.
The gross earnings for the year were SO. $751;
225 showing an increase OF s5G3SHl over r. those
s2G. an increase Of $32.969 over The preceding
year. This leaves a net gain OF $46?.9o5 for the
Dhs the Of new per
toms revenues for the current six months, and
viii be snitsI to per cent from a 1 after after
paid as presented and only $500 are now out;
standing. The debentures have all been paid
The company's consolidated mortgage pledges
all the ws n to the
come account for 1889 includes the subsidy and
will do 80 hereafter.
holders was a. held in n Boston on Wednesday.
Less than twenty-five stockholders were pros
s en- The old Rd % s1
Rust criticised the delay in the issuance Of the
and tTed to get as
urer Reynods said that the accounts were not
closed, The vole for Messrs Burr. SAWYER.
and Nickerson was twelve less than for the
other members OF the Board
The annual meeting OF the Lake Shore and
Michigan Southern Halfway Company was held
at the headGuarters in Cleveland yesterday.
Cornelius vanderbilt and DARIUS o. Mills Of
Rssselas Brown OF Warren. Pa, we're reelected
directors for three years.
At the annual meeting OF the Now York. Chi
caco and ST. Louis Railroad Company In Cleve-
an yssSSdb W%% x W XATdeFH GG-
Mex Twombly John s. kePRed w. and ian James
and Ralph ". Hickox OF Cleveland; Frederick
Z Glcott; and lrr Ch aq H M M pepew OF New
were elected directors for one year.
A Chicago despatch says the Presidents Of
hour yesterday and adjourned to meet again
to day. The Chicago and Northwestern would
dGf Of Of me soRm aet ons oR
sorting that such o diyision would he pooling
and a violation Of the law. The representa-,
the Northwestern takes this position to
preserve the advantage 4ccruinR to It through
agreement TO divide the traffic would compel |
the Union Pacific 70 turn over portion OF its
oil giving all to the Northwestern. The indica-
tions are that the movement TO reorganize the |
rrosiIents AssoGat9 IL is on the point Of fall
by the meeting OF general passenger agents.
The 500 line to-day reduced the through !
rates from the seaboard TO st. Paul to the basis |
NJ 81 cents. tirst-class. 10 meet the cut In lake
and rail rates via Lake Superior, ports The |
National Despatch also reduces tho lake and !
rail atrs from the seHboard 10 ST. Paul by way |
OF Milwaukee to As cents lrst-class
A proposition to build coast line railroad
from Portland, Ore, to Lower California Is oc-
cunying the attention OF u syndicate, Of cant !
talists on the Pacific coast. Albert Houghton /
was az Pittsburgh Yesterday. 81 am going to
New York" he said. to endeavOr TO Interest
Eastern eapitalisls in tho project, Our COM
It probably will be caei The California Coast |
Limo Railroad. will. while In the Last. in
quire into tho question Of freights. with u view
to nsrertainlng what amount of business We
could expect from that section"
A Chicago despatch says: The Lake Shore
road has given notice that. taking effect on May
II, II will reduce the rates on oats to the basis
Of 90 cents q hundred prounds. Chicago TO
New York. The present rate Is 25 cents. ii IL
eaid this action Is taken to meet the secret cuts
Of one or two computing roads; a meeting OF
all the east bound lines wi! be held to- morrow
n consider the Lake khOre'B action. ar courSa