The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-19
EXPENDITURES FOR 1902
Many Millions Of Dollars Will Be
Spent by Railroads.
IMPROVEMENT, EXTENSION, EQUIPMENT.
Il Is Believed that All Previous Records
in This Line viii BE Broken
During This Year.
IMPROVEMENT, EXTENSION, EOUlPNEN'


! New York. January iS.--lf the announce
ments made during the last two or three
| weeks by the officers 81 the great railroad
system OF this country In regard 10 thcii
proposed expenditures for improvements
extensions and equipment are carried out,
It Is believed that all previous records in
| this line Will be broken. dozen compa
! MES are credited with the intention OF
! spending several hundred million dollars
| but after making due allowances FOR exag
/ geration it Is probable that these railroads
! Will need at least sl5OOo0O00 to carry out
/ such part OF their work As will he start.
ed and, in many cases. completed dayhs.
the present year This is in addition to the
money that is ordinarily charged 10 ope.nt-
ing expenses.
| It is likely that the remaining comnanis
among which are some important ones, viii
make extra outlays OF S5O.oonO0O at the
lowest estimate and they mag run much
higher.
1t is too early as yet to tell how tho
total purchases Of steel rails cars and en-
gIucs will compare with the consumption
OF last year. 1t may be said, however
that from the orders already received the
outlook Is for quite as good an ordcs ~
In 1901, while in acme lines all previous
records may be ecipsed All Of the leadlsg
car companies have orders suTeeat 10
keep them busy until the middle Of this
year, ard some report orders for 1903
The same thing is true of new bridge
work. The American Bridge company h-a
orders for 100000 tons ahead, which IS
about six months output The steel rails
/ q fnr
consumption are understood to exceed L.
100000 tons. Last years output was in
the ncighborhood Of 200 600 tons, Of which
perhaps 10000 tons were carried over to
this year through Inability OF the railroads
to deliver all Of them.
The Pennsylvania will spend S3O,Oo00OO
New York Central 100000, Erie $1,000
600 Delaware and Lackawanna Western
100000 Illinois Central S13.000OO0.
Atcbison S2J0OOo0O Union Pacific $1,000
600 Southern Pacific S10,OO0OOO, Baltimore
and Ohio S2oOO0,oO0. Plttsburg and Lake
Eric Vanderbilt SYSTEM S5,0OOO00, Chlcn-
so, Milwaukee and st. Panl S5,oOO,00O
Northern Pacific, Burlington and Great
Northern $l0,0O0O0O.
No reference has been made above TO the
large amounts Of money which will be
spent by the New York. New Haven and
Hartford, Reading, Southern Railway.
Louisville and Nashville Chicago and
Great Westernd Rock Island, St Louis and
San Francisco, aud other important sys-
tens, some OF which viii probably range
between 100000 and 100000 Tho
Rock Island and Frisco companies have
much construction work on hand. the for
NOR having huilt more new miles Of road
during the last year than amy other com.
pany. Further work Of this character re-
mains to be done in the Southwest by this
company and many new minor rallroa d
nrc being added to that section OF the
country.
In the above item Of railroad expenD |
lures no account is taken OF what win he |
required for trolley lines. That is de.
partment by itself and one that is grow
Ing at an enormous pace and which will
consume many millions Of dollars dpring |
the present year