The herald., 1898-09-06
NEWS OF the RAILWAYS
SUDDEN DEMAND FOR VALLEY
ROAD AND G, P, STOCK
There Is No Doubt but What the Santa
Fe Has Arranged for Entrance to
San Francisco-Notes

While there has not been any develop
cerned. there remains little doubt but what
some plan is under way in The railway
world for a prompt closing Of the gap be-
tween the Valley railway and the Santa
Fe system, so IS to give the latter entrance
into San Francisco and make the former
a portion of an overland route, where It
can make traffic arrangements independ-
ent of the Southern Pacific. The San
Francisco Examiner quotes First Vice
Presiden, Watt of the Valley road as say
ing that there is no doubt but what some
overland road would enter San Francisco
over the Valley line and that the directors
have recently had a number OF proposals
made to them from such roads. He was
not prepared to say, however. when this
consumma ton would be brought about.
Two attempts have been made Of late 10
buy up large blocks OF the stock Of the
Valley road: one by I. w. Hellman and the
other by Edward Polite & Co., brokers. Mr..
Hellman refuses to give out the identity
of the people he Is purchasing for. saying
II am in no position to talk. am acting
for we'll known capitalists, but who they
arc anu WHSLC tuSy 0AG Sduhot lSAi. AhCy
gave me the order to buy 80 much of the
stock of the new road, and have been
doing my best to fill the order. 1t is a
business transaction Of which I canno;
speak except in a most general way"
The other brokers said the same thing
substantially. AS a result Of the demand
the stock has gone from a nominal figure
to 60 and 65, and the stockholders are
strongly advised by the officers Of the road
TO hold out for par.
A curious fact in connection with this
sudden demand for Valley road stock is
the same thing being the case with Gen.
trail Pacific stock. This has had no value
as far as income goes for many years and
last week was down to H. but in the past
few days 1t has jumped up to 231s, with
every indication of further advances. Mrs.
Stanford, who owns 35 600 shares. has been
asked to sell, but has declined.
There is q surmise that the Central Pa
cific people have found some means Of
paying the government claim. and that
considerable. AT any rate, the curious fact
remains that there Is a big demand for
a stock that no one dreamed Of having any
market Vdlue ten Gays ago.
Notes and Personals
General Marager S. B. Hynes Of the
Terminal railway will return the latter
part of the week from San Francisco,
where he has been figuring with the San
Pedro harbor contractors regarding the
use Of Arroyo Seco granite for the break
water. No word has been received from
IL Ly,.
men do not believe that he will succeed.
as 1t is considered impossible for land
freight TO compete with water :ransporta-
t!on in handling stone.
Mr.. Neu of the firm Of Heldmaier & Neu,
who have the contract for The building OF
the breakwater at San Pedro, Is expected
TO reach this city at any momen; now, he
having left Chicago some days ago for this
place.
Superintendent. j. A. Muir and family,
who have been summering At Santa Monica
for several months have returned TO this
city. Mr.. Muir lived In his car Carmelo
while at that resort.
The Santa Fe company will commence
Its limited train service between this city
and Chicago on Nov. 1st. The Sunset
route and the Texas Pacific will probably
put on their trains at the same time. With
all Of these luxurious trains going on Diff
ferent days, no one will have to travel on
an ordinary express train. The fare is the
same on the one as the other.
The washouts on the Santa Fe-Pacific
are reported as being all repaired and
trains running regularly. The road would
have suffered a great deal more II 1t had
not been put into such excellent shape to
resist such attacks by water during the
last winter. On the Southern Pacific no
delays have occurred for a week or more
The gap in the coast line Of the South
ern Pacific is being slowly reduced, but
not fast enough to sui, the people Of that
region, particularly those Of Santa Ear
bara. The Southern Pacific company has
now about seventy teams and men at work
near Lompoc.
C. w. Smith, the superintendent Of ma
chinery for the Santa Fe-Paclfic, has re-
turned to his headquarters at Albuquerque
after months visit to Southern Califor-
mia.