The age-herald., 1901-06-02
GENERAL NEWS OF
 THE RAILROADS Much Praise for Management of the 1. 6 N. Company 5 A REPORT ON THE BONDS It Is Stated That Change of Schedule On the Birmingham Mineral Is
 Probable Within the Next
 Few Weeks.

There has been an inestimable amount of news and gossip published in the East ern financial and railroad papers about the Louisville and Nashville Railroad dur ing the past few weeks. Some of reliable nature, some entirely speculative, but all has had tendency to praise the officers
 of the company in their management of it's affairs, and to speak highly of the company's offerings on market as worthy of investment.
 Two of the most interesting of these publications are given below. They both show there is confidence felt in the road that Is marked, and tend to throw light on the present situation.
 With respect to the operating expenses of the road the Wall Street Journal has this to say:
 An executive officer of the Louisville and Nashville says the operating expenses for this month will run close to $l GOO on account of the extensive betterments going on. President Smith has been cut ting down grades, building bridges and laying new rails wherever needed. He is making operating expenses run from 65 to 70 per cent higher because he is de- termined to get his road in the best pos
 sible condition during these times of
 prosperity.
 Steady buying of Louisville and Nash vile shares has been going on here since the market broke in the belief that an ex- tra dividend of some sort Is likely to be distributed in July. The buying haa been done by people with good information "
 This expression from President Smith
 would have the effect of showing that he | is determined to give the people along the
 line one of the best systems in existence
 today. And Birmingham feels an especial interest in the statements. The following relative to the new bonds of the company will also have local in- terest:.
 Louisville & Nashville-Tbe s3,500. 900
 Memphis and Ohio per cents, due June
 i. will be paid in cash on and after that
 date by vermilye & Co. New York. or
 Barring Bros & Co.,. Ltd, London, Yer
 milye & Co., have bought unified mort gage per cent gold bonds issued to re-
 deem these Is, and will exchange them
 at current market rates for the old bonds Low Rate Tickets. | Circulars have been issued by the | Southeastern Passenger Association an- nouncing special rates on account of con ventons and meetings of various descrip- tions as follows:
 Rate of one fare for round trip to Phila- | delphia on account of Southern Industrial | Association. On sale June and 10, with a final limit of June IT.
 | A special rate of one fare and one-third | from all points to all other points in the | district of the association Is announced for Fourth of July celebrations. Tickets will be on sale July ?, and 4, with limit of July 8.
 | Next Monday the Alabama Great South ern will have a special excursion to Chattanooga from Birmingham with a rate of $2 for the round trip. The train will leave the station at o'clock Monday and return Tuesday night. It is stated in railroad circles that there will be a change in the schedule and routes of the trains of the Birmingham Mineral railroad within the next few weeks. No definite information has yet been given out regarding the question.