The sun., 1890-01-02
NEWS OF TIE RdILROADa
Latest Information OF Interest From All
Quarters.

Latest Information OF Interest From All
Quarters.
A Montreal despatch says: Much surprise
was caused by the action OF tho directors Of
the Canadian Pacific Railway In declaring q
supplementary dividend OF one per cent. pay
able in February. This is the first bona-flde
dividend ever declared by the company, and is in
addition to the regular one and half per cent
half yearly dividend from the annuity fund in
the hands Of the Dominion Government. maxi
ing total for the half year OF two and a half
per cent. with the intention Of continuing q
similar half-yearly supplementary dividend
until the expiration Of the annuity in 1893.
earnings permitting. The declaration Ia sur
above working EXPENSES are s6,o29,OOo. AFFORD
Of s2250, 900, which, added to the surplus from
last year. would make total surplus OF $2,-
Re for the
will. It is understood. reach some $l5,000000
and the, operating expenses a 100000, 900 an in
crease crease in the I latter Of ss25.6G0. The REDUCTION
in the cost Of working the lines has been due
also. no doubt to a heavier trafic without any
increase Of train mileage.
this year are s wt s
$4,000 last year, exclusive of interest on the
land grant bonds which. while an obligation on
charges. because this amount Is set against
the proceeds OF land sales. Since 1856 the gross
asys FSm
and all the signs point to an equally rapid
progress In the future.
A Milwaukee despatch says: Notice Of q re-
duction In passenger rates between st. Paul
Rd 5 nnd by
Chicago. Burlington and Northern. has been
Issued by the Wisconsin Central. The reduc-
Han nTpl n OfYnntC Cfnf nndA Qt md mt
At a meeting Of representatives OF the Chi
and Alton PHSc wabash Chi
San Francisco vandalia and Illinois Central
at St. Louis yesterday 1t was agreed that pas
formerly controlled BY the new deiEnct West
ern States Passenger Association should be
maintained for thirty days. or until the Presi-
agreement
The annual meeting Of the. stockholders Of
the Northamnton diyision J. 81 the New Yerk.
New Haysn and Hartford Kairoad was held IN
shares being represented The following gen
tlemen were elected directors: Charles. N.
Horatio e. Raisht; Ezekiei +. froWbrdEe..
Charles y; Pond 7. N. Reed e Charles P. CLARK,
q an meeting. and elected Charles n. Yeamans as
President of the road and Edward A. Ray
Secretary and Treasurer. The Northampton
few years ago, and the annual meetings OF the
stockholders are held simply for the purpose Of
preserving their corporation.
The annual meeting qf the stSGckholders Of
the receipts OF the year ended Sept. SO, 1883.
were $7S9.028. Dividends amounting to $387,-
on the funded debt. S229sI on the unfunded
debt, and $1,000 for organization expenses. 1t
voted to the sSe Of $4,000
the lease Of the road to the Boston and Maine.
unanimous vote. The meeting then dissolved.
A special Meeting OF stockholders was held to
Nohern road the terms arreed upon bS
the directors OF both companies. The vote re-
suited in the unanimous approval OF the loase
The Illinois Central Railroad Company an
nounced the following, changes yesterday: G.
Bss asns sngTs1 is acn
sppeElntendent, with headauarteys at Chicago;
pointed @ suDsrIntendent Of Northern lines. s
noitS @ Of the Ohio and east Of the Missouri. uiH
IL changed tE hst
buque. and with jurisdiction over the railroads
west OF the Missouri Rlver, which are operated
6KltS. KSF for account OF tho Dubuque and Sioux
fairly begun. The reduced rates from st. Paul
to Chicago won't into effect yesterday. and to
Milwaukee and st. Paul road executed q flank
movement and opened fire from the. Missouri
$3.50 in the flrst-class rate from Kan
eas City TO Chicago. bringing, tho fare down
iSh the Burlington and Quincy foI the action Of
the Burlington and Northern. A general col
lapse OF Missouri River rates is expected TO
the st, Louis lines being able to maintain the
present rates between that city and Chicago.
The San Salvador ReyoIutlon sunnrsrssd.