New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-11
RAILROAD INTERESTS.
Union PACIFIC DIRECTORS MEET.
FINANCIAL NEEDS PROVIDED FoR-RUMoRs %
A RECEIyERSHIP DENIED.

FINANCIAL NEEDS fhO'iDHsD ~" i'S''~ -
A RECEIvERsHIP DENIED.
An informal conference Of directors OF the Union
poc,6c railroad was held here yesterday. 1t gave
~ VI, c,raet rumors to the effect that the
- had decided to seek the protection or the
courts and il was reported that papers for re-
oo,vsrsbin had been drawn up. Later In the day
IL was said that the company mao Satisfactorily ar
ranged to meet all pressing financial necessities
pnsseII Sage was the only director who could De
found In reply to inquiries, he said: the meet
, ,,os ,,urelv informal and devoted solely to rou-
tine matters The rumors Of a proposed receiver
shin are unwarranted and simply are intended TO
NAV into the hands Of the bears IN the STOCK mar
ket"
rha activity OF the bears in circulating adverse
rumors has been stimulated by the recent STATE
ments of Union Pacific earnings Inc company
hos about $3.50 900 interest and guarantees 70 meet
on November J. s650.0oO on December l. ana ABOUT
q 9Oo 600 ON January l. The provisions OF the col
lateral trust Of 1890 however permit the issue OF
about IS 100000 more notes. Ihere mas oeen ne
Eradication TO the trustees under the trust by the
company for the issue or new NOTES.
THE LUXURY OF MODERN RAILWAY TRAVEL
The New-York Central and Hudson River Rail-
road has issued an illustrated pamphlet called Inc
Luxury of Modern Railway Travel" which should oe
interesting reading for everybody In these Gays OK
ouick communication and almost universal travel
II is based on the roads exhibit at the "orld
Fair where shown, side by side' the o'is'".
DE witt Clinton train, which in 1881 was operated
between Albany and Schenectady at maximum
sneed of fifteen miles an hour, and modern "ag-
nor vestibued train attached to the giant iocomo-
tive No $685. which has record OF mile IN thirty-
two seconds Those who have seen the two trains
at the Fair know without further telling what q
wonderful advance sixty years nave Drought aoou'
I'm railway service Those who have not can gam
an EXCELLENT idea OF the change from the pamphlet
The October timetables OF the New-fork Sehuai
system are now ready for Distribution
EAsT-BOUND FREIGHT TRAFFIC INCREASING
Chicago Oct. l0-Freight traffic east from chi
cago Is now showing improvement. Last weeks
shipments of dead freight aggregated 5o,to' TONS
against a little over 81 900 tons for the previous
week and H. 900 for the corresponding week last
wear. Through shipments of -four, grain and pro-
visions footed up 22l2 tons. against 2.'03 tons TOT
the previous week. and 32042 tons for the corre-
spending week last year Last weeks through
shipments were divided up among the different COM
peting roads in the following proportions; Baltimore
and Ohio, 43 per cent; Big -Four. 60; Chicago ana
Erie 1913: Grand Trunk 81; Lake Shore. ?oS; Mchi-
gan Central. 80: Nickel Plate, 81; ran MANURE S|'
Fort Wayne, 1873; Wabash, rs
CONCORD AND MoNTREAL'S ANNUAL MEETING
Concord y H. Oct. 1o.-The stockholders OF the Con-
cord and Montreal Railroad Company in annual meeting
to-day accepted III, report OF the directors ana ree's