The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-05

ject, and that the road will in some man
ner be operated in the interest of the chi
cage & Alton.
The announcement is made by the Lake
Shore Railroad that the powers OF w. n,
Marshall as superintendent OF motive
power, L. A. Handy as chief engineer anu
Z. II. Greene, as purchasing asSnt, HdES
been extended over the Indiana, Illlnols "
Iowa Railroad. where the Lake Shore re-
Gently came into possession.
Arthur E. Stillwell. promoter Of the Kan
sas City, Mexico q Orient road, mas maue
arrangements with foreign rail manuiac-
turers for 600 miles of new steel. me nrst
shipment has just arrived at IamplcO.
These rails are said TO be delivered at
Tampico at $40 less per ton than the lowest
price o~btainable from American mills.
The executive m of the Indiana
Car-service Association, which consists OF
III. +. HOughtOn of the Big -Four, l. II:
Parker Of the Monon, NJ. I. Denniston or
the Lake Erie & Western, Charles Aoams
Of the Wabash, and NJ. W. Mansfield Oh the
Pennsylvania. held its first meeting yes
terday and organized by selecting Mr..
Mansfield as chairman.
Stock of the P%ittsburg & Lake Erie sells
at the highest figure. of any road In the
world. The company earned gross the
last year $S.047 .167. net S1.7S9,l7l- Its nXed
charges were 10000, so that the ROAD
earned q per cent. on its present stock,
and 1917 per cent. on it's increased capltall-
cation. The Lake Shore holds a majority
of the stock. On a par of $50 1t is selling
at $500 per share.
Since the Lake Shore took control of the
Lake Erie q Western it's Fort wayne ana
Cincinnati division has come rapidly TO the
front. The putting on of through trains be-
tween Cincinnati and Fort Wayne ana IN
dianapolis and Fort WAYNE in connection
with the Big Four has increased its pas
senger business handsomely, and its freight
traffic has so increased that an additional
through freight has been put on to run
nightly.
The TrUnIx limo ASrociation has. IL is
said, virtually decided on the establishment
OF an interchangeable mileage bureau 10
have charge of the preparation ana &C
counting OF 2,0O0-mile tickets interchange
eble on any road in the association. Final
arrangements, however, have not been
concluded. This action is in response 10 a
petition of more than 10000 merchants IN
trunk line territory. submitted TO the assoc
citation through the New York Board or
Trade and transportation. The board mas
been actively engaged on this movement
for some time past, and although hnal de-
tails have not been arranged the OUTLOOK
seems favorable for the interchangeable
mileage system.
No more through cars will be operated
between Chicago and Kansas City and the
City of Mexico by the Santa Fe road. Inc
principal cause for the abandonment OF
the through sleeping car service TO the
Mexican capital was the length OF the run.
The cars could not be kept clean. The re-
cent laws passed by the Mexican govern
ment requiring all supplies for the cars 10
] De purchased IN IldL country dnQ dis &c
curing trainmen TO be able to speak the
Spanish language were also factors. Inc
service that is TO be abandoned is the long
est through car line in the world, the one
way distance being nearly 5000 miles from
Chicago, and $500 from Kansas CITY. IL
was established about a year ago.
The advance in ocean rates is a serious
blow to the General Traffic Association
lines, unless the export routes VIA the
gulf advance their rates, as the gulf lines
will get the cream of the business from
the territory where the Central Traffic As
ISOLATION lines secure their business. The
advance is said TO be the result OF a large
accumulation of grain at the Atlantic sea-
board, which the steamship lines know
must be shipped abroad. The agreement
of the various transatlantic lines plying
between this country, which went into et-
feet Monday, making a uniform rate on
grain and provisions, which is practically a
pooling arrangement, it is feared will lead
to a decentralization of ocean rates and to
eventually affect the rail-line rates.
The deal by which the Monon will get
into Indianapolis from the southwest is
practically closed. The company will use
the tracks of the Indianapolis q Nincennes
to gain entrance to Indianapolis. Owners
of the Mono now own several hundred
acres of the best coal lands in southwest
ern Indiana and have options on 800 acres
additional. The company has located its
line from the coal fields and secured most
of the right of way from its mines to a
connection with the indianapolis & Vim
cennes. The company expects to begin
work in the early spring and will bring
coal into indianapolis and northern Indiana
the coming fall. An official of the road
says the talk of building the line in oppo-
sition to the indianapolis Southern is alb
surd. President McDoel. of the Monon,
planned the purchase Of the coal fields
and IL has been his purpose since TO get a
line into Indianapolis, and this was before
the indianapolis Southern had been
heard of.