The herald., 1897-11-25
COAST SERVICE
PROVES MORE PoPULAR THAN
EXPECTED
Pittsburg Traction Stock Bought by
aSyndicate-Union Pacific Man
age,nent Reticent

CHICAGO, Nov. H.-Passenger Of
that their new through train service
to the Pacific coast in connection with
the Sunset limited of the Southern Pa
ciic was proving such success that it
would be made a permanent affair here
after. The Alton has found it neces-
sary to increase the number of cars 1T
has been sending on this through SER
vice, and all space in the cars from
Chicago has been engaged until the
middle of February.
Notice has been given by the Missouri,
Kansas and Texas that it will make
one-fare plus So for the fruit and flower
festival at Houston, which commences
Dec. I'd. All the competitors Of this road
have declared that they will meet the
rate.
PITTSBURG TRACTION
BALTIMORE, Nov. 24-Messrs. Alex
ander Brown & Sons, representing syn
dicate of Baltimore, London, Boston,
Philadelphia and Pittsburg capitalists.
have consummated the purchase of all
the stock of the United States Traction
company Of Pittsburg, amounting to
$50, 100000, of which $3,0Oo,o0O is preferred
stock and $1,000, 600 common stock.
This will give them control of the
largest street railway system in Pitts
burg and Allegheny, owning and operat-
ing over III miles of electric lines.
The earnings of the United States
Traction company for the four months
it has been in operation amounted to
$501, ,295. The operating expenses, in
Guiding taxes and insurance, were S24S,
, 538, leaving net earnings Of 1852, ,757. The
pro rata fixed charges were $166,43S,
leaving a surplus of SS6,S25.
The purchase of the stock of the COM
pany is one of the largest deals in Sc
curities ever consummated by local
house. The firm placed $4,000 900 of the
company's bonds last July.
U. P. MANAGEMENT
ST. LOUIS, Nov. 24.--S. II. H. Clark
one of the receivers of the Union Pacific
returned to st. Louis today, after q stay
in New York of about three weeks to
confer with the other receivers and the
reorganization committee of the syn
dicate that bid in the great railway
property at the governments sale.
Since the bidding in of the road, 1t has
been generally believed that Mr.. Clark
would be at the head of the reorganized
company, and when he went to New
York it was said his object was to as
sumo the presidency of the road, al
though this was denied by Mr.. Clark.
"I am not at liberty to say what was
DONE" Mr.. Clark said. Neither can
say anything about who the officers will
be. In fact, 1 can give out nothing for
publication just now.'
"When will the new company take
hold?" was asked.
1.-The last payment, about $4,000, 900,
is to be made December 6, and the prop
erty will be turned over to the new own
ers then or shortly thereafter"
A REPORTED WRECK
KANSAS CITY, Mo-, Nov. 24.-It is re-
ported here that a westbound passenger
train collided with freight train on the
Chicago and Alton road at o'clock this
evening at Mayview, Lafayette county,
forty-eight miles east Of Kansas City.
Several cars were wrecked and it is re-
ported that a number of persons were
hurt. The Chicago and Alton officials
here state that no one was Killed, but
refuse to give out the details of the
wreck.
DIDN'T DISCRIMINATE
SAN FRANCISCO, Nov. 24.-The rail-
road commissioners met today to inves-
tigate the charges of alleged discrimina-
tion in rates on beet shipments to Chino
as preferred by President w. T. Hay
hurst of the Chino Valley Beetgrowers
union. Mr.. Hayhurst was not prepared
to present accurate data on the alleged
determinations, and therefore the mat
ter was postponed until the next meet
ing of the commissioners. The Southern
Pacific company denied the charges of
discrimination and declared that the
rates on beet shipments made by the
company are open to all who care to