The herald., 1898-09-08
The VALLEY RAILWAY
ITS STOCK CONTINUES TO RISE
STEADILY
SANTA FE'S ARRANGEMENT
Vice President Robert Watt Talks to q
San Francisco Reporter-Notes
of Track and Tie

The demand for the stock Of the Valley
railway continues to send 1t up point
or so each day, and yet no definite IN
formation has been had as to the reason
for this, other than the supposed arrange
ment which |, has been said the Santa
Fe has made for connection with the
Valley line to San Francisco. 1t was
learned yesterday that quite block of
this now valuable stock Is held in this
city, presumably by friends of Mr.. Spreck-
els and of I. w. Hellman, though no de-
tails could be learned as to this. It is
the opinion of financiers here that the
stock Is very likely to go to par, or nearly
that figure, before many weeks.
| The secret seems to have been let out
by vice-President Robert Watt of the VAL
ley road In a talk he gave to a reporter
in San Francisco on Monday, and which
was published in the Call of Tuesday, in
substance as follows:
Eyes, in a few weeks we hope to see
the formation of a company which will
be composed Of local capitalists, with the
purpose Of constructing g line from Ba-
erskfleld to some point connecting with
railroad which will enable us to have o
transcontinental continuance. This prof.
ect seems to be the logical outcome Of the
building Of the Valley road. Whether the
eastern connections will be the Santa Fe
line or not, am not ready to say. There
Is strong likelihood that 1t will be some
other line. The Salt Lake line, which runs
from Salt Lake 10 Phoebe, is distant from
Los Angeles about four hundred miles.
This road may be continued. as in all
probability it will, so that a junction may
be made with 1t by the Valley road at
Los Angeles.
''This new corporation, formed FOR the
purpose Of building this road over the
mountains. will be composed entirely of
local capitalists, some Of whom have
large interests in the Valley road. The
expense Of the construction OF line over
the pass will amount to at least $4,000
900; what 1t would be 10 Los Angeles
cannot say. The new corporation will
not make use of the survey Of the Santa
Fe road, but will send Its corps o. sur
veyors out as soon as the plans are ma
tured. The construction of his road will
be very expensive, on account Of the nat
ural difficulties which will stand in the
way Of the builders.
"The Santa Fe officials have been ap-
preached by our people several times, but
we could not induce them to act. Finally
men Of capital came together, and they re-
solved to build the road, and unless some
hitch intervenes everything will be in. a
fair way toward the consumma tion Of the
plans for the connecting link of another
transcontnental system.
| "The Santa Fe is not the only line with
which we may form a junction. From
| cztA ovxo -
construction, with terminus at Phoebe
New. I have every reason to believe that
this road will be extended to Los Angeles
IL we build Mne over the pass to that city.
We may make connections with both the
Santa Fe and the Salt Lake line. Parties
representing the Salt Lake Railroad COM
pany have come to US and signified Their
willingness to make junction with the
Valley road at Los Angeles, If we would
build road over the pass"
| Notes and Personals
The Santa Fe company is making many
and costly a6iNMons to its shop resources
at Albuquerque, for the main purpose, II
is said, of turning out four thousand
| freight cars, to meet its greatly increased
traffic demands. There are six hundred
| men uOW III WOEh 1uG lOTCc mas
been increased during the past sixty days
from four hundred to the present figure,
and more are being taken as fast as COM
petent ones apply. All the work being
| done is of construction, both Of freight,
passenger and flat cars, and locomotives.
The ocean seems to have saved the Santa
Fe company much of the trouble of pull
ing down its condemned wharf at Santa
| Monica, for on Saturday night the waves
| tore down great portion of the structure,
and the people who needed fire wood did
most of the rest Of the work OF carrying
Off the debris.
Vice-President 7. E. Gibbon Of the Term
inal railway said yesterday that he thought
Mr.. Neu, of the firm of Hednaier & Neu,
who are to build the San Pedro break
water, would first go to San Francisco
before coming here. AS General Manager
Hynes of the Terminal railway will not
| be here until the end of the week, accord
ing to the statement given out at the gen.
eral offices Of that road. it is possible that
he knows OF Mr.. Neus coming, and is
| waiting In San Francisco to see him.
| The Southern Pacific has increased its
freight service on the Santa Barbara
daily but has reduced its service on the
branch from Ventura to Nordhoff to one
tradn daily, leaving Ventura in ma after
noon and returning next morning.
| The Santa Ana and Newport railway ac-
cording to a statement recently made by
President McFadden, will be extended
through from Wintersberg. In the Peatland d
district, 10 this city at an early date. A
great portion of the right OF way has been
secured, and offers have been made which
practically insure the remainder without
much difficulty.
The Southern Pacific is also reported to
have in hand the building of line from
Santa Ana to Long Beach. This was, talked
of during the boom time and several times
since then. but now may become fact ac-
complished
The Santa Fe yesterday reported that nc
more delays to train service were occurring
on its line, all the damage from washouts
having been repaired, and all trains run.
Who
S,.e<e x~.ooo,, ho~L for CHI