The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-21
ATTEST news OF
TIL Rail- ROADS ]
Conferences Held in i This City Yes.
terday.
TRAFFIC AND TRANSPORTATION
Routine Business Was for tho Most .1:s'
Part Considered, But the Jim
5s=, Crow Bill and Richmond
Terminals Were Discussed,

r4
Terminals Were Discussed,
The meetings of the Virginia Traffic
Association and the transportation rep
resentatives of the various Virginia INES
were held at theEJ eferson yesterday. a
the meeting of the Virginia Ira fhc SAsso-t
citation routine business was considered
the meeting Having been called to dis
pose of subjects of common interest 10
rail and water lines.
At the meeting of the transportation.
officials the separate-car law was con-.
sidered and other matters regarding the
passenger traffic gone over.
There was also NEE tingy of the oper-.
ating and executive officers of the Rich
mond terminal lines held and arrange
ments discussed for the improving of the,
terminal facilities in this city.
The representatives of the roads en-.
tering South Carolina was called. and
matters relating to the terminal facilities.
of Charleston were brought up for con-
sideratio
The following gentlemen were in at
tendance at the sessions: Atlantic Coast
Jine-T. NJ. Emmerson, traffic manager;
J. F. Nfaupin, general fording agent: c.
D.
Whit taker, freight and traffic manager;
E. D. Hotchkiss. general freight agent;
J. IF. Orndorf, assistant general freight
agent; Thomas Lewis, manager Kanawha
Dispatch. New York, Philadelphia and
Norfolk-R. b.. Cook. general freight
agent. Norfolk and Southern Railroad
N c. Hudgens, general freight agent.
Norfolk and Western-T. S. Dayant, gem
eral freight agent. Richmond, Freder--:
icksburg and Potomac-W. P. Taylor,
traffic manager. Seaboard Air Line-H.
w. B. Glover, traffic manager. South
ern-John NJ. Culp, traffic manager; ]. H.
Drake, assistant general freight agent.
Old Dominion Steamship Company-H. b.
Walker, traffic manager. Clyde Elne-J.
w. NcCarrick, general southern agent
lPITTSBURG= & GULF'S REORGANIIA-
TION.
The Kansas City, Pittsburg and Gulf,
which was sold Monday at Joplin, Mo,
to- satisfy mortgage of s23, O00e. with
one years accrued interest. Will be re-
organized and known as the Kansas City
and Southern. The only bidder was Slasl
w. Petit, chief counsel of the Philadelphia
Reorganization Committee, and he bid the
upset price-s12. 500, OGO. The road will DC
controlled by the Hartman syndicate
The securities to be issued by the new
company are as follows: $50. 900, 900 first
mortgage 3 per cent. gold bonls, payable
semi-annually: s2l,000.O00 preferred. stock
in shares of 500 each. entitled to non-cu-
mulative dividends of per cent. per an
mum. and 900 of common stock. Tie.
first mortgage bonds of the old company
will be. converted at the rate of $50 of
new first mortgage bonds for 1000 OF the
existing first mortgage bonds: this VIII re-
quire SIS, 900, 600 of the new bonds. The va
rious issues Of the bonds of subsidiary
lines will be provided for on terms con-
sidered by the Reorganization Committee
as equitable. The new stick will be dis
tributed pro rata among the old stock
toward the expenses of the reorganization.
COAL RATES GO UP.
An advance of 10 cents a ton In coal
rates on coal for lake shipment from the
competitive +bituninous districts of Penn
sylvania, West Virginia and Ohio. takes
effect to-day. The rates will then be 7734
cents per ton from the Ohio fields so
West Virginia. The increase preserves
the differentials observed during the past
year, and which the S ga for Pittsburg and
II IA for Ohio under West Virginia.
S. "A. Il. CONFERENCE.
president John Shelton Williams, of tn.
Seaboard Air Zine, was In Baltimore Mon
day comforting with some of the f.
nancial managers and legal advisers OF
the Seaboard consolidation He was nc
companied by Judge Leigh r. Watts, zen
eral counsel for the system. President
Williams went to New York later.
RAILROAD NOTES.
Shippers are forcing a consideration of
the Cullom bill amending the Interstate
law, and hearings are to be accorded in
tereste ed parties on March 23d and 30th.
There isF reason to believe that the out
come may be pooling privilege for the.
railroads If the bill is ever reported by
Senator Cullom on his individual respon-
sibility.
For the second week Of March nin:,
railroads, reporting, show a gain over last
year dn gross earnings Of .e.41 per cent:
For the first week, sixty-fiye roads gained
5.s7 per cent, and for the fourth week Of
February seventy-seven roads increased
their gross by 12.61 per cent.
Remarkable gains continue to be shown
in earnings by the Norfolk and Western.
Gross for THE second week of March
was s26G, 1850, ahead of the same week last
year by s49,54S-
Shipments OF grain from Chicago last
week aggregated 2,226,0O0 bushels and of
provisions 3s,61o,ooo pounds, the Wander
bilt lines securing 1,15s,OO0 bushels OF
grain and IL 922, 900 pounds OF provisions.
Assistant General Freight Agent l. L..
Hyde, Of the Big Four, intends to give
up railroading when he leaves the COM
pany.s service on April l. He may be
succeeded by w. G. Reynolds.
Under cast iron agreement just made,
the Louisville and Nashville, the South
ern. the Nashville, Chattanooga and St.
Louis and the Illinois Central will grant
no free transportation for either the
Republican or. Democratic State Conven-
ton in Tennessee.
The Brooks Locomotive Works has.
shipped the first Of an order for twenty
fast, engines for the Lackawanna.
Frank Jay Gould has been elected
vioe-president of the missouri Pacific.
the office having been creat ted for him.
3 Following are the estimated earnings
of the Southern Railway for the week
ended March 18th: s.;
This year, 500, $40
Last year, ). 53l, O93
Increase, ...........#.. 1880. SOS. ST
For the two weeks ended March 14th:
This year, ...Sl ,Z9O.3tl
Last year. III, 65S
Increase, !. ). $. !. rs s179. 9y3
C. ANDIO. GROSS EARNINGS.
The comparative statement showing the