The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-04-17

George Bradbury, general manager OF the
Lake Erie 81 Western. has published in PAM
phlet form the report OF the president and
directors of the road. accompanied By his
report. A summary OF the earnings, oper.
Rting expenses. ETC., was published in the
Journal last month. but there are details
not then published which will be read with
interest. In 1892 quarterly dividends of
Ia per cent. were paid on the preferred
stock. being an increase of 1 per cent. and
q surplus of $685.. 659.S carried over into
1898. Presidents Brice says the dividends
will be further increased az soon as. in the
opinion of the board. the physical condi-
ton of the property and sound business
principles warrant such action on the part
or the directors. He says: The policy of
your board OF directors to develop. and
within the territory traversed by
your line of road. and to en-
courage local enterprise and growth.
has been maintained during the past year.
and the results rave fully justified their
expectations. Many new industries. at
tracted By the advantages of natural gas,
have been located on your line within the
past year. requiring the construction of adj
ditional sidings and SPUR tracks. about
seventy In number. amounting to nearly
eleven miles. from which consid rable
traffic will be received during the coming
year. The traffic for the year. passenger
and freight. both local and through. shows
an increase. The freight traffic shows an
increase of $50 per cent. in tonnage. and
while the earning per ton per milo decreased
from 40 cent 10 .12J cent. or .U21
cent. the gross receipts from this source
have increased 6.76 per cent. The passen-
ger traffic shows an increase OF LAG per
cent. in the number of passengers carried.
causing an increase OF S6o per cent. In
eS nings. The decrease In the rate per pas
senger per mile was .06 cent" That the
property has been we'll managed is evil
denced IN the fact that while IL has been
greatly improved physically. its operating
expenses. since the present management
took hold. have been reduced from 60 per
cent. of the gross earnings In 1SSS, to 54.46
per cent. In lSy2.
Traffic Notes.
In March the roads delivered to Indian
apolIs dealers 9S1 carloads of lumber.
The east and west divisions of the Peoria
& Eastern. in the week ending April Is,
handled each at Indianapolis $50 loaded
cars.
The Vandalia handled ut Indianapolis
last week 1883 cars, of which number L. 42
were loaded. The empty oar movement Is
seldom SO light on this road as last week.
The Big Four lines handled at Indianap-
olls last week n totalof II .Oo3 cars. of which
number S,661 were loaded, an increase over
the week ending April s OF ZIG loaded cars.
The Lake Erie ~ Westerns outbound
business continues In excess or Its inbound.
Last week 325 loaded cars were dispatched.
against 269 received. An average of fifty
tour loaded cars per day from Indianapolis,
for a road that has no Western connection
working with II, shows good work by some
of the l.. +. X w. representatives.
The volume of business with the Cincin-
natl. Hamilton * Dayton is very large. but
with the new engines superintendent Gal
loway is able TO keep matters moving
smoothly. handling about one thousand
loaded cars q week at indianapolis, and
moving business from local points on the
line much more satisfactorily than when
short Of power.
Personal. Local and Genera. Notes.
III. G.. Diehl. general manages of the Inter-
state Despatch. spent Sunday in the city,
the guest of II. Z. Parker, traffic manager
of the l.. T.. n W..
III. NJ. Waite. who recently resigned as
engineer OF maintenance of way OF the ST.
Louis division of the Big Four. has been
appointed engineer of maintenance of way