The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-01-31
the Northern Securities COmpany's terri

the Northern Securities Companys terri
tory.
1t is stated that Boston men are again
buying stock and securities of the MOnOn
The companys earnings are large and the
road occupies a strategic position. Inc
preferred stock is receiving its full dividend
and the earnings the present year bid far
TO be equivalent TO per cent. OF the com
mon stock.
Corporation Counsel Rives. Of New York,
has decided that the Board Of Aldermen
had no authority TO pass a resolution
requiring the. establishment Of block
signal system in the New York Central tun-
mel. Further than this, he said, the Board
OF Aldermen had no power over the regula-
ton OF traffic on the road.
The Michigan Central is to expend money
ent year. Between Niles and Buchanan II
is to relocate its line at a cost OF 10000,
and will reduce grades and eliminate curves
between Michigan City and Galien. also on
the Michigan division, improvements esu-
mated to cost $1,000.
Arthur G. Wells has been appointed as
general manager Of the Santa Fes coast
lines, vice w. G.. Nevin, deceased. MT
Wells left the Big Four on account of i'll
health and went to the coast in a Subordln-
ate position. His rise the Santa Fe has
been rapid. He is a brOther-in-law OF j.
A. Barnard, general manager of the Peoria
* Eastern lines.
The ten new modern freight engines de-
livered TO the Panhandle this week will
be put in service on the Pittsburg end of
the line, and engines now in use on that
division will be sent TO the Indianapolis
division. The old Glass r. engines will
be sent TO the shops at Indianapolis and
Louisville to be rebuilt, and possibly sold
or placed divisions where traffic Is
light
Western roads have received a polite but
broad hint from Chairman Donald, of the
Central Passenger Association, that 1t is
irregular for them to ticket clergymen
through from the West to Eastern points
on a combination of CLERICAL rates and If
they fail to stop it the Central Passenger
lines Will in every instance when settle
ments are made exact full proportion or
normal fares.
Throughout 1901 the Panhandle lines
made a good showing, the increase In gross
on an average, being $139, 295 per month, and
after deducting fixed charges for the year
there is an available balance for dividends
of $,9410 26, after allowing for per cent. on
the preferred stock and a like sum for the
common stock, which is now on a per
cent basis.
There is reported to be friction regarding
the official changes contemplated on the
Baltimore & Ohio lines west of Pittsburg.
There said to be three factors to please
C. :. Wright, manager OF freight trat-
| fic who represents the old line of officials
the b. & o.; Oscar Murray, traffic
manager. who has done so much TO place
the Baltimore & Ohio in it's present envi-
able position, he representing the new in
terest and another factor consists of in
fiuential persons on the recently acquired
lines The Misunderstanding started in
Baltimore, where Mr. Wright dropped one
of the Murray men against the latter
wishes. and a consequence changes on
the lines west are deferred.
The Queen & Crescent route is making
great preparations for Madi Gras business
at New Orleans and Mobile which prom
Uses to be the largest ever known. Fast
schedules, vestibuled limited trains with all
modern equipments will run twice a day
from Cincinnati, making twenty-four-ho hour
schedules from Cincinnati to Mobile and
New Orleans. The Queen & Crescent is
almost 100 miles shorter than any other
city. Fast trains carry dining cars, OBJ
servation, paror and cafe cars through
Pullman sleepers and palace day coaches.
which. with the fast schedules now in
effect. make trip to New Orleans one of
great pleasure.