The daily morning journal and courier., 1896-05-05
RAILROiD NEHS.

the Kate InNesuEation-Apri Grnln ana
 Live Stock Business Decreases from
 March, but Exceeds 1895.
 New York, May A special dis patch from Chicago to the New York Evening Post says;
 The federal grand jury is to begin it's session to-day. It will take up the in- terstate commerce cases. There has been an uneasy feeling among the heavy dressed beef, provision, and grain shippers for several weeks. as they have anticipated an investigation of the alleged rate discrimination by the railroads. coming as a result of the Brown decision in the interstate com merce case. There has always been feeling of security among them, as they knew that they could not be forced to testify against their will The Brown decision put new phase on the situa- tion, and now the freight men of the big houses are anxious to keep out of the way. Subpoenas have been issued for them but a number have left the city within the last two weeks, Inquiry among their friends as to their where abouts does not bring definite replies, and their players say that they are talk ing vacation. The most prominent railroad man to appear before the com mission is George B. Reeve of the Grand Trunk and there are several other off cers of the same road. There will also appear Traffic Manager Fay of Swift & Co.,, MT. Davis of Nelson, Morris & Co.,, and Alexander Nicol of the Anglo American Packing company Should the Grand Trunk people tell what they know about discrimination in rates, there will be some interesting reading.
 The grain business of the western roads, as indicated by their deliveries here during April, shows a decrease of S,S1S cars as compared with March, but an increase of 1883 cars over 1895, and a decrease of 1,251 cars from 1894 and 4,947 cars from 1S93 As compared with last year the Burlington increased AIS cars and secured the largest April bus mess since 1893. The same is also true of the Rock Island, but it increased only 293 cars. The Northwestern gained 730 cars over last year, but lost 412 cars from 1894 and 592 cars from 1893. The Illinois Central increased S43 cars over the previous year, 267 cars over 1894, and e60 cars over 1893 The Wabash suffered heavy reduction, 646 cars from last year, 249 cars from 1894, and 69 cars from 1893.
 The live stock traffic decreased 791 cars as compared with March, and 2,101 cars from the movement In April, 1894. As compared with last year there was an increase of 4,036 cars, and with 1893 of 1921 cars. The Burlington head ed the list with an increase over last year of 1,696 cars, and a decrease of 25 cars from 1894, and an increase of BIS over 1893. The St. Paul increased 5S3 cars over 1895 and 405 cars from 1893, but decreased S20 cars from 1894. The Northwestern increased LOAF cars over last year, and 423 cars from 1893, but lost 931 cars from 1894. The Rock Is- land increased 437 cars over last year, and decreased 633 cars from 1894 and 20 cars from 1893 The Illinois Central in VI edSeu oOG GdIS uNeI lo5o stIlu oJ1 Cdi S from 1893, but decreased PA cars from 1894 The Wabash increased 97 cars over the previous year. and 210 cars over 1894, but decreased 354 cars from 1893
 THE CONSOLIDATED ROAD.
 Practically all of the leading officers of the New Haven railroad deny un- aualifiedly that there is any genuine reason for the recent fall of the stock of the company. They say that apart from the Bridgeport improvements, which are suspended, the work of four tracking the New York division is al- most done and substantially paid for, that the net earnings of the last nine months are ample for the payment of dividends at the per cent. rate after large sum used in new construction and equipment has been charged to oper- ation, and that the rumors of a coming reduction Of the dividend rate to per cent. are entirely false. While admit ting that there are plans for large ex- penditures by the company, they say that these are in many cases forced by laws of the states through which the road runs, and in most eases must soon- CT or later add to the net earnings of the corporation.
 Inquiries at brokers offices in New Haven show that sales of stock have been small during the past few days, most of them being made at New York and Boston.