The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-12-20

lines Of the Chicago a Alton the Union
Pacific will have through connection
from Kansas city to Chicago. and thus
a line from Chicago 10 the PACING
slope.
There was another report to the eject
that the price TO be paid by the Union
Pacific would be about si15 per share.
and that not only the control but the
whole road. would be acquired. An
agreement was said to have been
reached whereby the minority stock Is
to be purchased at the same figures.
The bonds of the road. 6 and ! per
cents. amounting TO a little over $780,
600. are approaching maturity. and. nat
urally. a financial scheme for recon-
structing the funded debt would con-
template new issues at lower interest, a
scheme that would inure to the good
| OF the road and the stockholders.
Secretary Alexander Miller of the
Union Pacific. when asked for Informal
ton. said that he knew of no negotia-
tions foi the Alton property. Follow
ing Mr.. Millers protestations OF ignor-
ance there was circulated a report In
Wall street that the attempt TO sell the
Chicago q Alton was in opposition to
the wishes Of President Blackstone.
This came as a surprise. as IL had been
stated that Mr.. Blackstone was anxious
to be rid Of IL. This report was found
ed on a message from chicago TO a
brokerage firm. which put these words
into the mouth OF the ATOMS president;
IF the Michigan Central or any 9TH
er interest has purchased the Chicago
Il Alton road. I don't know II. Neither
]. J. Mitchell nor any one else has the
power TO sell the road. viii say
don't think any large block OF Alton
stock could be disposed of without no
tlce TO me-"
This set ~inarclers to wondering
whether Mr.. Mitchell IL acting In the
matter Independently and In opposition
TO the Blackstone interests. The num-
Der of shares owned and controlled by
the president Of The road Is said to be
$4,000. The total number of shares Is
go. BOG.
The boycott on the Chicago Great
Western railway IL off. About two
weeks ago the Atchison a Santa Fe
company announced that II would dis
continue receiving freight or passen-
gers from the Great Western within ~
hours. The Rock Island a Pacific made
a similar announcement. which caused
the British bondholders of the Great
Western to wire President Stickney
from London. asking II the boycott
would not seriously affect the Great
Westerns business.
Mr.. Stickney replied faceticusly that
he had not received sufficient reports
i 10 lnulfdlt HhN hAh'H ~ oNN "NN''
profit the Great Western. The hui
NOR was all taken out OF the situation.
however. on Wednesday. when the
Union Pacific declared that IL was
through taking Great Western business.
These three roads, acting together.
were able to pretty completely tie up
the w~estbound business OF the Great
Western. and something had TO be done.
The officials Of the Great Western here
decline to discuss the matter furtheT
than to say that the trouble is over.
IL is learned. however, from other
sources that the Great Western some
time I'm November made up a new tariff
sheet which was a decided change from
the old sheet and which gave its West
ern connection the worst Of II. As soon
as the Union Pacific SHE'D its castor
into the ring. the Great Western made
a rapid run for cover. II Is stated that
the old tariff Is in effect again. with
the understanding that a meeting of
the companies Is to he held with a view
to fixing up the differences. 8 parate
messages were received from the At
Gibson q Santa Fe. Rock Island and
Union Pacific. at the headquarters OF
the Great Western In ST. Pau to-day.
stating that each road was willing to
restore both freight and passenger re-
lations. Another dispatch from Cen
eral Passenger Agent Lord, in Chica-
go. SAID that he had been advised OF
the removal VI tNf bANN'lA dNu TbAlil'h
all the local tickle agents TO resume the
sale OF passenger tickets on all roads.
General Traffic Manager Stohr also
wired from Omaha confirming the sue
cessful conclusion Of his negotiations
with the boycotting roads. The matter
has been left almost entirely In charge
Of MIR. Stohr. who has been in Chicago.
Omaha and ST Louis comforting with
the officers Of the objecting lines.
The Union Pacihc's financial state
ment for the month Of October has
just been issued. II indicates an in
crease Of 10 per cent. In the gross earn
ings. while the operating expenses show
"A very decided decrease. II IL very
evident that President Burt Is demon
stratlng his ability as a railroad man
ager.
The gross earnings for the month
were S2.O69. O59. an increase Of Se61 ,e61.
The operating expenses aggregated
81. 023. SOS. a decrease 81 si0.62l. The net
earnings were sl.O45. 1914. which Is an in
crease OF $780,. S9l.
The gross earnings for the four
month ending oct. n. were $3.50 $40.
an increase of S26s, $50. The operating
expenses and taxes were s3.6i3.5 $50. a
decrease Of S5i3.i2a. The net earnings
for the same period reached $3,2lS,1 sd.
an Increase Of SsC9.955.
The directors ~ the Oregon Railway
& Navigation company have declared a
9 per cent. dividend on the preferred
stock.
The approximate gross earnings Of
the Baltimore a Ohio railroad for the
month Of November. 1895, are S2.41O,CSS.
an increase of s2l5. 9f7.
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