The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-28

cars q month are handled; at Marion thirty
five loaded cars day; at Dunkirk. twenty;
at Gas City. fifteen day; and all over the
gas belt region business with the railroads
has grown IN proportion.
Many years ago President Blackstone. OF
the Chicago * Alton. inv vented very sue
cessfui safety car coupler. which has been
In use on the Chicago ~ Alton since. Pres
idenr Blackstone, until quite recently. re-
fused TO allow any other road to use the
coupler. Now 1t is in use on the fast trains
of the New York Central. and other CON-
psniss are trying To make arrangements TO
use it.
Friends OF railroads who look for large
gains in earnings this month will be dis
appointed. In June, 1892. freight earnings
were phenomeDally large. and political
and other conventions made the passenger
business good. This year freight earnings
are falling off. Passenger earnings on
worlds fair business will 60 far toward
overcoming the deficit there may be In
freight earnings.
The Lake Shore roads financial state
ment for the six months ending June 30 is
exceptionally favorable. 1t shows gross
earnings. S11. 74i. 600. as compared with sl0-
6766 56 In the corresponding period of 1872.
an increase of nearly 10 per cent The
operating expenses and taxes amount TO
IS, 2S3. 206. against 81 AZ, $50 in 1892. an in
crease of 11.36 per cent. The net earnings
are y. 470. 1874 against 49, $780, 766 last year. an
increase of G. IL per cent
Cincinnati papers still insist that Pres
ident I'M gals. of the Big Four. will appoint
general manager of the system in the
near future As General Superintendent
Van Wrinkle reports direct to Vice Presi-
dent Murray. and the business of the road
could not move along more smoothly, why
Mr.. Ingalls, should appoint q general man
aRer and increase the expense of operating
the road 10 query. says one well informed
as regards affairs of the Big Four.
General Passenger Agents Whitney. OF
the Great Northern, Lee. of the Northern
Pacific. and Tomax. of the Union Pacific.
will hold q conference on Friday morning
OF this week. They will DISCUSS the reduce
coast and endeavor to adjust the matter.
The settlement rests entirely with tho
Great Northern. as that road has been
making all the aggressive reductions. and
II 1t Is ready to quit the other roads will DO
the same thing.
Railway purchasing agents say they are
buying railway supplies exceedingly low
now. Most of the roads have adopted the
cash principle. The officials know manu-
facturers of railway supplies are needing
money, and they, with spot cash. get large
discounts on their bills. An Official, in
speaking of this matter. said the cash sys-
tenn Is also check on the purohasin Z
agent. he being less liable to purchase be-
yond the req uirements when he knows that
he must at once furnish q check for the
money.
The Southeastern Railway and Steam
ship Association. which started ont so
brsvely last week. is already tottering.
The general passenger agents considered
the articles of agreement. approved them.
and then adjourned to allow their superior
officers an opportunity of approving them.
Not one general manager has signed the
agreement, and. as there will be no asso-
citation until all of them have signed. the
outlook for the existence of the South west
ern Railway and Steamship association is
not at present very fattering.
Senator Stanford's death has left vacant
four important positions in the Southern
Pacific railroad syndicate. He was Presi-
dent of the Central Pacific. and was the
only man who ever filled that office. He
was one of its directors, director of the
Southern Pacific and chairman of It's ex-
ecutive committee. 1t Is generally believed
that Mr.. Huntington. W ho has always been
first vice president of the Central Pacific,
will succeed to the presidency and that
Colonel Croker will become first vice
president. I. Gaze is looked upon as the
man who will take Stanford's place IN the
board of directors of the Central Pacific.