The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-02-01


The stockholders Of the Indianapolis stock
yards and Belt road VIII hold their annual
meeting to-day for the election Of officers
There has been but little change in the
stock holding, the present officers nave
done well and it is understood all viii be
reelected
It is stated that J. p. Morgan has sold
10000 shares of the New York Central stock
to w. K. Vanderbilt at $102 per share. 1t IS
intimated in this connection that j. z.
Morgan has had TOO much to say as to the
management Of the New York Central TO
please Mr.. Vanderbilt
New England roads are beginning to boast
OF the speed of their trains Last week one
OF the fast express trains on the Shore dl-
Hartford ran fifty-one miles in fifty-one and
one-half minutes. Deductions reduce the
time to forty-six minutes.
f. b. Drake, general manager of the
latest name sprung for the presidency of
the Nickel-plate, VIM. Greene positively de-
MES that he has been offered the position,
or that he has had an intimation of such
proposition except through the press.
John f. Miller, general superintendent of
the southwestern lines in the Pennsylvania
freight traffic was little off last week, but
this week already shows an increased de-
mand for cars, and as soon as the roads
get solid he thinks the rush will again
set in.
A special meeting OF the American As
ISOLATION of General Passenger and Ticket
Agents has been called in Washington, on
Feb IA, next. The meeting is the result OF a
request of a number of general passenger
agents and its object is to consider anti
scalping legislation and safety paper for
tickets
To-day the st. Louis Car Company will
take possession of the Union Car Company
plant near Baden Mo- the property re-
company viii remove its entire entire plant to
Baden and eXpend 100000 in improvements
When in operation it is expected to employ
500 men.
The Chicago & West Michigan has leased
the Grand Rapids KaslSaska & South East
ern road. The road is thirty-three miles
long and runs through a heavily timbered
Alden Smith, with the expectation of ex-
tending it to connection with the Michi-
gan Central.
The Pennsylvania has now no occasion to
speak disparagingly of it's Western lines, as
the lines east of Pittsburg, in 1897, show an
increase of S2.328300 in net earnings over
1886, and the lines west of PittSbufg show
an increase of 81 65 900 in net earnings over
1886, dropping only $163,300 behind the boast
full Eastern lines
The Pennsylvania road has just COM
pleted at its shops in Juniata an improved
CLASS L express engine, which is attract
ing a good deal of attention. A number or
new features have been introduced in its
construction, among them the enlarged
boiler combination steam and sand dornes
and improved system of counterbalancing
Circulars received yesterday announced
tnat 4. w. Morgan has been appointed west
bound travelling freight agent of the Red
White, Midland, Blue and Canada Southern
lines for New England, and r. G. De Nor
mandie eaSt-bOund contracting agent of the
same lines. 1t is further announced that
w. H. Porter has been appointed weSt-bound
contracting agent of the Boston & Albany.
Some idea of the attention that the Bal
tlmore & OHIO is now paying to its pas
senger traffic may be gained from the TACT
that during the past eighteen months near
ly eight hundred passenger cars received
n ITrra ata1 lIfnt ran 1itx hni
painted. Nearly all of the equipment IS now
royal blue and most of it is equipped with
gas, the light being used on local as well
as through trains.
The Homestead Club, made up of en-
ployes of the Pennsylvania lines at Indian
apolis, is arranging to give "a reception
next mex week in their new quarters, the old
has eleven rooms, has been fitted up at
tractively and provided with all conven-
fences, having parlor, q reading billiard.
library and bathroom and room in which
to entertain visitors at a banquet sa The
bers, and has expended a handsome sum in
hitting up its headquarters. officials of the
road contributed in making it a success.
Percentage bases for west-bound rates
from New York, Philadelphia, Baltimore
and common points to points on the Canadi-
tier, effective Feb 15 have been recon-
mended by the managers of the Joint Traf-
fic Association. The recommendation is ac-
companied by a table of rates ranging from
II per cent to 80 per cent, and embracing
all the important points in the province OF
Ontario A commodity ON wet wood pulp
from Niagara frontier points to Western
points has been recommended on the basis
OF % cents per one hundred pounds, New
York to Chicago.
Passenger officials of Colorado roads are
indignant over the way courtesies to state
officials in the way of passes have been
abused The trouble started over az an q app Il
Becker, which was received at the Office OF
the Denver, Leadville & Gunnison, from the
secretary of states Office. The pass was
possession of q scalper. Secretary OF state
Whippe was informed that after this Mr..
Becker would have to look elsewhere for
transportation. The matter may be carried
sill further and it will probably be more
difficult in the future for state ofnclalS TO
secure transportation
Commencing Sunday, Feb. 5, the Burling-
ton announces the restoration of the Colo
RADIO flyer running on the following sched-
ule: West-bound, leave Chicago TO O'Clock
a. M; leave Omaha ll:5o p. M. arrive Den
yer 100 p. m, making through connection
for all Colorado. Utah and Pacific coast ter
ritory, including the Rio Grande 81 Oregon
Short-line routes for Portland and Puget
sound points. East-bound II will leave
Denver at 10 a. M, receiving connections
and Pacific coast points, Utah and Colo
RADIO, arriving in Chicago at 2:l5 p. m. next
day in time for all Eastern connections, in
Guiding Eastern lines fast limited express
IL. >, Miller leIJ SL. Fdul, MILL, ytSlti-
day for Seattle and will at once enter on
the duties of general manager of the Sc
attic & International Railroad, recently
acquired by the Northern Pacific Railroad
Company and formerly known as the Seat
tie. Lake Shore & Eastern. 1T was formerly
operated by the Northern Pacific and it's
recent purchase was the outcome of
spirited attempt by the Canadian Pacific
to secure the property. Mr.. Miller has been
assistant general manager and chief en-
gineer Of the st. Paul & Duluth for seven
wears He was first offered the manage
after consultation with Vice President
Plough, of the st. Paul Il Duluth, he, yes
terday, accepted the position
In commenting on the sharp advance of
the common stock of the Chicago & East
ern Illinois the financial editor of Boston
SAYS: 1.-THE common stock has never re-
ceived dividend within the last ten years,
although there has been earned on it any
where from to per cent. in the last two
years A director of the company states
that it is the intention of the board to pay
common stock next July, and he presumes
that the advance in the preferred stock
has been due to this fact He says that
there is no probability of the purchase of
the road by any other system, as the only
road which could use the 9. a. e. l. TO
advantage is the L. q N, and the execu-
tive head of that road is not willing to ex-
tend his sySetm across the Ohio river The
Big Four is another possible purchaser.
but has about all it can do to handle it's
ing to branch out into more extensive rail-
roading.
INDIANAPOLIS, NICARAGUA.