The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-05
MOVEMENTS on THE ROAD.
VIII Economy and Increased Traffic
They Boom Lake shore Bond..

\ wIii be a source Of gratifsntson TO
tsul investors and property holders 10
evv that the u1anassetnen OF the Seattle
Lke Shore g. Eastern railroad. under Re
nTs-s Bryant and Brown. has been So
Elsfactory TO the Eastern bondhoiders
a. during one week Of last month the
snrities Of uhe road advanced on Wall
fset from - 20 ala bid. or representing
Eincrease in value OF over sI.oO0. 900. The
fzgg was remarkably sharp and satisfac-
Err much more 50 than that of any 9TH
q stock on the exchange during the same
tsrscd and was the result OF a report from
Csn Bryant, receiver for the bon9holders'
tr=gnittee. which arrived 4n New York
o. Stgll 20 showing that reduction of
fanl had been made In the operating
expenses OF the road without in any way
e4rs0sing sts efficiency. The report also
saowed a rosy increase In the volume OF
tsaness. The asondhoIdeTs are pleased
18Th the outlook ia the West and the adj
vance OF securities aogurs we'll for this
sate and especially Seattle In the way
o. renewing the confidence OF Eastern In
scs,ors who have been Withholding their
eag.;al.
Receiver Bryant recently made a trip
over the line. and upon his return to the
city he and Receiver Brown set about TO
make Improvements that will result In
considerable economy In management.
Prs; extensive repairs and improvements
have been made along the tine: much OF
tae track has been repaired and bailasted
sn4 i've miles Of new side track was laid.
Evolving an Incidental cost for labor and
material OF s3.oo0 and the renewal OF
= 90 ties. The track is being re-ballasted
Rom W0olley north TO Sumas. In the
way o. creating facilities for the handling
q logs IL Smiths cove 5000 has been
appended Heretofore the logs have been
IA lac ia her
tr'y but now the receivers will do the
business on their own ground. While this
Aas been done. the traffic has increased
% such an extent that arrangements have
t-sa completed for the purchase OF new
b'omotive power and additional cars.
Ne Ocean dock a; smiths cove Is being
1Tzlred at cost OF several thousand
esArs in order TO admit OF the additional
sz@c coastwise being handled with
Fs&ter dispatch.
n the way Of economies and reforms
= he management OF she line. depart
rents have been consolidated and new
TetAods adopted for thu handling OF bus
Nss. The shop force has been consoli-
ss'e8 NTH that 81 the Oregon Improve
ssai Company with a saving aggregsting
We Per month. The receivers have a
fNaort - operating The line during the
eesea months ending IN February at a
s4N OF s.2.0s less than for the same
'eF'oa tor the previous year. While keep
sg an eve on the sources OF OLD business
sAe receivers have been reaching QUE for
fATc not heretofore enjoyed, but whk-h.
good management. has accrued 20 the
hPAny. Daring April this new bust
- ~ ne passenger department. alone
NeShlPd % $50. and IN freight 90 80
s@aea cars. In ths ssipm e1t OF shingles
ears were handled fr0yn points here
s.pFe claimed BY competing tines, also
- cars % nour. thres Of FISH. one %
49, ane Tires OF hogs. while the coal
sulehis have bscn heavier than for