Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-30
RAILWAY INTERESTS.


The report that the St. Paul and Duluth
road will build an extension from its Cloquet
Branch to the Mesaba range Is confirmed
The New York and New England directors
| have declared the regular semi-annual div1'
| dend of 81 per cent on the preferred stock
payable Maya.
GENERAL E. P. ALEXANDER has resigned as
President of the Georgia Central Railroad,
and was succeeded by H. NJ. Corner, of
Savannah, former director of the company.
PRESIDENT INGALLS, has extended the juris-
diction of all the general officers Of the Big
Four system over the new Michigan division
of that system, formerly the Cincinnati,
Wabash and Michigan. The officers OF the
C. W. & NJ. thus superseded will be- other
wise provided for.
THE Chicago, Burlington and Quincy sys-
TENS statements Of net earnings for Febru-
ary was issued yesterday and shows an In
crease Of $460, ,55a over the figures for Febru.
ary, 1891. The increase in net earnings for
the two months ending February 20. com
pared with the corresponding time year
ago, is $77O,57s
IT is reported that the Pennsylvania Rail-
road has secured control Of tho William
Penn colliery. near Shenandoah. owned and
operated by Z. and g. Brooke. Of Birdsboro::
@ne OF the gss6 IN ess
shipped over tho Reading Railroad.
The Lehigh Valley road has arranged to
use the Jersey Central's terminals at Jersey
City after April s instead OF those Of the
Pennsylvania Company. It may be stated
on good authority that the guaranteed dfvt-
Jersey Central Company next week. but
that an extra dividend will be paid later In
the year out of revenue not included In the
Reading lease.
Ar the first meeting at Ottawa OF the
Railway Committee yesterday u bill was
introduced which provides for the consoli-
dation Of the Northern Pacific Railway with
the Grand Trunk Railway: the issue OF con-
solfdated debenture stock to the extent OF
$500. 900; extending the line near the village
Of North Bay to meet the Canadian Pacific
Hallway and acquiring the Nippsing and
James Bay Company.
THE railways Of Canada are contemplating
an increase in through rates from England,
and also in local freight charges. The new
spring tariffs have not yet been issued, but
it is understood there will be something like
30 per cent advance over last seasons rates.
The railways claim they have hitherto been
carrying freight too low to make money.
The steamship men are going to protest
against an increase, and o conference was
held to-day.
THERE has been some talk recently Of
proposition to be made by the Pcnnsylvania
Railroad Company relative to tho purchase
OF the Philadelphia and Erie stock held by
the city. Of Philadelphia, but up to this time
Committee. 1t is said that the Pennsylva-
mia, or u syndicate composed Of strong cap
ttalists, is ready to purchase that citys hold
tngs Of the stock, but that no proposition
will be made for some time.
THE officials of the Chicago and North.
western Railway Company have been cited
fo annear before the NfichiVan Railroad
Crossing Board on April 26 and show by
what authority 1t makes a statement to the
Auditor Generals department. at Lansing
Mich, of its earnings for 1891 upon its entire
poses of taxation as heretofore. The change
of method reduces the amount subject to
specific taxation in Michigan about 100000
and amount of tax $14, ,000.-