The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-07-11
,cuTRAL CONS0LS' MARKET.
.r,, MEMBERS NOW FREE
H'D SELL THEIR HOLDINGS.

~ta IndfIN
'I n.eu Dissolved-Recent Fast Runs
pes -.tcrn Ronds-Few Receivers
o. o,nted This Yenr-Gross Earn
Aff s,o,, Handsome Increase
FIRST half of 1898.
...-. af The Central of Georgia Rail-
sF' Nv York Journal of Commerce
Fll --,,,rere.al Bulletin says that its
a-u -u5.rsi nortgage 5 per cent. bonds
gu, GU. been lower for some days.
l'' -ssrs mat the reason for their de-
f5s dissolution of the syndicate
'-'' ar the time of the reorganization
WI i..,rate tae public offering of the con-
r-s,c5 was not very successful.
49,. binds taye now been given to the
-,.,,rs members, who have become free
IN If taev desire to do so. They are
.,.l nolts below the syndicate price.
~. forthcoming report of the road will
-t.n, that large sums have been expended
,ba proo.rty this year for improve
mis- aad betterments, these
bsiog charsed to operating ex-
ssr.4s A large proportion of these
.,osrses are in the nature of permanent
,norovements. The weight of rail has
he7 increased. and large quantities of So
coprl Sc lions have been put down.
The earnings of the Central of Georgia
po1r5ld during the fourth week in June
we're Nr8S3. against $9S917 for the CORE
soondlng week last year. The total earn
rrs rom Jan / to the end of the fourth
week in June were $2,453,955, against
sS053j for he same period in 1897.
The earnings of the Georgia and Ala
hama Railroad during the fourth week in
lime we're S22.S11, against SIS, 1903 during the
corresponding week last year. The total
earnings since Jan. 1 to the end of the
fourth week in June were $5S7, 212, against
agl752 for the same period in 1897.
Gross earnings for all roads In the Unit
ed States reporting for June or part Of
the month are $32 1851 ,8l3, So per cent. over
last year and Al per cent. over 1892 The
latest returns are better than earlier fig
urss Southern, Western and Trunk lines
are The only roads reporting a material
gan over 1892 on Southwestern roads
there is a loss The advantage of report
Ing separately earnings of Canadian and
Mexican roads is again shown in the June
statement in the comparison with 1892.
The anti-scalping bin, prohibiting ticket
brokers', reported in both houses of Con-
gress, went over to the next session.
The Chesapeake and Ohio is still in
creasing its export facilities through New
port News, and the loading of steamers
there for Manchester, England, having
proved satisfactory and demonstrated the
possibilities for a large trade In both d.
rections, arrangements have been made
for a regular line called the Manchester
and Virginia.
The Pullman Palace Car Company will
distribute $25 100000 of its $26, 1872, 1858 sur
plus to stockholders. A cash dividend of
% per cent.will be paid in addition to the
regular quarterly 2 per cent. dividend. In
October a stock dividend of so per cent.
will be distributed. With the new stock
the total issue viii be $4,000, 900. The div
idend rate on the new stock hereafter has
been hXed at IL per cent. quarterly.
The Railway Age says: During the
past half year receivers have been ap-
pointed for only seven railroad companies.
with an aggregate of 347 miles and a com
Dned capital and bonded debt of S25 400
W' This statement compares with TWEEN
V-seNen receiverships, an aggregate of
CSz miles, and total capital and bonded
ueot OF 900 in the first half of 1893.
NdieS under foreclosure, being the clean
ing up OF the wrecking of 1893 reached a
Total Of $ll007S, 900. Nineteen properties.
WIN mileage Of 2,S74 miles. have been
SO,u under foreclosure proceedings. The
SAFES during the past six months have
pe5h the largest Of any like period in five
s5afS' with two exceptions-1S96 and 1897.
w s,.e the totals were $349, 049 900 and $277,
5l6e0 respectively.
. Inalanapolis roads enjoyed a period of
of Fly frame during the first six months
VI Vi. we year. 1t exceeded in volume any,
uihs that has ever been known in their
history for the same length of time
Farmers are holding wheat. II Is said
wing 70 the drop in the price. as a re-
VI when shipments have fallen off to
tbs s. .,r degree than was expected, and
NJ IsUdI dullness In traffic at this season
creased espolluilSly III
ye l+r't " Monday Engineer Edgerton Of the
rnr I as central succeeded in making
sr .1H Oh Loo miles, with the Empire state
r r%ip.'sS from Syracuse to Buffalo In 152
NJ 'l s, 1t Is said that an average speed
m ~ 'eIN miles an hour was maintained
Poos ile level portion of the road between
fs ,,'.sler ana Buffalo. Another recent
win I was by the Southwestern limited
R ,y' ILNsineer Hall in the cab. II left
coao5p' minutes late, there being ten
Syr,ogss NJ the train, and in the run to
Wae , lorty-eight minutes of lost time
trai, ".aue up. The schedule time of the
end ., tween these two cities is hours
also ., minutes minutes The North Shore Limited.
nak,r. "eaVy train, recently succeeded in
cysa ,', ~, u2 thirty minutes between Svra-