The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-06-26
Rates sInshed FOR Ellss.

as they are appointed as much for the ben
| eft Of the shipper as for the railway"
Rates sIashed for EIks.
The rate reductions on account of the
| meeting of the Elks in Minneapolis con-
tinue to spread. The Rock Island yester-
| day announced that it will make rate OF
| $40 for the round trip between Kansas City
and Minneapolis. The regular rate is $14.50
In making the rate the Rock Island an
| nounced that it did so for the purpose of
meeting competition. The name of the
road which had first made the reduction
was not named, but as the Rock Island has
for long time been one of the most ardent
supporters of the policy of upholding rates,
it is not likely that it would cut them with
out ample proVocation.
The Great Western has announced that it
reduced its rate to meet that of the Flint
& Pere Marquette for the meeting Of the
Elks in Minneapolis because that road was
claiming that it should be allowed to have
a ditTerential. Its rate is lower than the
agreed rate by just the amount of the diff
ferential which it has always claimed, and
Whlch the Western roads nave never al
lowed The Great Western, which is OPP
posed to the granting of differentials and
refused one for itself on Chicago and ST.
Paul business within the last ten days, is
determined that the Pere Marquette shall
not have any differential, and declares that
it will meet any rates that 1t makes for
any business which the Great Western has
chance of reaching.
b. & o. to Default Interest.
Semi-annual interest payments amounting
to more than 100000 on Baltimore & Ohio
Railroad loans will be due on July 1. De-
fault will be made the interest the
consolidated Pittsburg, & Connellsville 6-per-
cent mortgage Of $S,648. IA, amounting to
$199, 1862. This will be the first default I'M
der this mortgage Serni-annual interest on
Pittsburg & Connelsville first mortgage
bonds will be paid The principal of this
issue which consists of &000,O00 of 7-per-
cent. bonds, is due July l, 1888 Some time
ago the receivers arranged for the extension
of the bonds on 4-per-cent. basis. Yer
ranging the extension, yesterday announced
that the amount thus tar extended was g.
581 600 The coupons of the unextended bonds
will be purchased by New York banking
houses. Other fixed charges which become
due on July and which the receivers will
pay are the following: Interest on receiv-
$102 000 Pittsburg & Connellsville receivers
certificates amounting TO $16250, and car
trusts of 1897, amounting to $3.50.
FavOrs Foreclosure of Mortgage.
The Senate committee on Pacific roads
yesterday reported favorably the resolution
introduced by Senator Harris, of Kansas,
expressing the sense of the Senate that the
United States should redeem the Union Pa
cifc from the prior liens and take steps to
foreclose the government mortgage. The
resolution was amended by the addition OF
a provision, at the instance of Senator Nor
gan, requesting the President to suspend
proceedings to carry into effect the agree
ment alleged to have been made to sell the
interests of the United States in the Union
Pacific road and in the sinking fund until
further action of Congress IS had in ref
erence thereto" The action of the commit
tee was unanimous. Senator Harris made
the report
Personal, Local and General Notes.
The Wabash lines earned in the third week
of June $2l2S95, a decrease as compared
with the corresponding week OF 1896 of $l4,-
5os
NJ. w Mansfield, superintendent of the In
dianapois & Vincennes, who has been in
Pittsburg for few days, returned yester-
day.
The Chicago, ST Paul & Minneapolis, it
is stated, will be extended to Houghton,
Mich, the center of the copper-mining dis
trict.
of bonds for improvements made to the
So. 1881 97. 80 -
Thomas Noonan general manager of the
Central States Despatch, who has been in
the city for couple of days, returned to
Cincinnati last evening.
The Lake Shores estimated surplus June
80, for the six months, after paying a
per cent dividend, is $1,000, against
$29, 991 in 1886 and S25,141 in 1885.
Present indications are that the June
statement of the Pennsylvania lines east
and west will show quite an Improvement
over March, April or May statements.
The PENNSYLVANIA announces the opening
of the Cresson House, at Cresson to-day,
and the placing of observation cars on GER
tain trains between Cresson and Altoona.
Passenger Conductor Funk, of the Penn
SylVania we'll known to persons VINO travel
those lines, on Wednesday suffered a para
lytic stroke and is in critical condition.
John Ferguson, general baggage agent
at the Union Station, says the large in
crease in baggage of the travelling statesmen
is the best evidence be notes that business
is improving.
Tests of. this market in the last few days
show that local passenger men are main
tanning rates and living strictly to the
agreement recently entered into by their
superior offers
l. H. Turner, superintendent of motive
power has designed and built at the shops
of the PiltsbuTg & Lake Erie a passenger
locomotive which is making great speed
records with heavy passenger trains.
Z. O. Mccormick, passenger traffic man.
ager of he Big Four, who has been con-
fined TO the house several days by
sprained ankle, is improving and Will prob
ably be at his office in day or two.
For several days past the Indianapolis
hominy mill has been shipping from eigh-
teen to twenty carloads of eerealine prod
ucts for Eastern markets or for export
It's shipments this month being the largest
Of any month in the history of the works
Low passenger rates for the Fourth OF
July holidays are TO be given TO q much
larger extent than Ia any former year
There is not road in this territory which
viii charge over q one-way rate for a
round trip in distance of two hundred
miles.
Passenger traffic with the yandalia is
daily improving. Yesterday afternoon the
report OF Conductor Trindle showed that
he had on Train 20 twenty-fhree passengers
for the seahoafd, and handled on the trip
40 local passengers This train only stops
at county seats.
The Blue Ridge Dispatch which is to
| nnera1e betwean New York. ST Louis ana