The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-07-16

the iatter was general manager or the
| Nandalia. has been promoted from soliciting
agent In Chicago for the Central Railroad
| OF georgia 10 commercial agent In that city.
Reduced rates for harvest hands will be
made by the Burlington to paints north and
| northwest in connection with the rates for
! the same purpose already announced by
the Northern Pacific, the Great Northern
and the 500 lines
A special train on the Grand Rapids &
INDIANA on Saturday ran AZ miles. between
Grand Rapids and Fort Wayne. in 1S2 min
uteS, making the customary stops en- route,
which Is sixty-eght minutes less than
schedule time and the best run ever made
| py regular train on that road.
In the year ending June 30. 1902 the Ann
Arbor road just missed earning its full pre-
ferred dividend, the surplus of the year
naving peen equal TO 4.6s per cent on the
| preferred. In the year ending June 30, 1903,
not only did the road earn the full per
cent of the preferred but a surplus equiv
aient to at least $40 per cent. on the COM
mon stock.
Stock of the Pennsylvania sold this week
at 119s<, the first time since 1898 that il has
sold so low. For standard stock the fiuc-
tuation has always been rather WIDE but
recoveries from declines have always been
rapid. Inc stock is now relatively lower
than IL was In 1898. when 1T sold at 10. for
the reason that in that year the dividend
rate was only per cent, while the present
rate is 8.
George Gould is quoted as saving that
within eighteen months the Gould line will
be in operation from tidewater east Salt
Lake city and that the Gould trunk line
W, Will be especially adapted for grain out,
let toward the Atlantic. With the Gould
line reaching Baltimore no one need be sur
prised If the grain traffic of the trunk
lines should again assume more Importance
as the Gould aineS are not sticklers for
rates In territory where they wish TO build
up business.
The Illinois Central has issued u prelim-
mary report for the fiscal year ended June
4 fvnnt.
or S4,32i, go: operating expenses and taxes
sSl, $4,000, an increase of S3,716,660; net
earnings 3d. 400, an increase Of S607, $40;
fixed charges, s4,5S7,9OO, a decrease Of $780,
Do. Robert Walton Goelet was elected a
director of the company at Wednesdays
meeting TO fill the vacancy caused by the
death OF L +. Aver, of Chicago.
c. H. Cory, superintendent of motive
power OF the Cincinnati, Hamilton & Day
ton' was In the city yesterday. He says
the nrst OF the ten engines ordered some
months ago from the PittSburg locomotive
works will be received next week and all
Will be delivered Aug. /. These engines
are all heavy freight engines and will be
put In service on the indianapolis division
and the main line and older engines will
be transferred to the western division of
the Cincinnati Indianapolis & Western.
The Lake Erie & Western contemplates
making considerable improvements this
season at way stations on its line. Plans
have been completed for q new superintend-
ent's office at Lima and new freight house
and enlarged tracks and sidetracks. The
improvements at that point will cost $4,000.
A new passenger station will be built at
Bluffton, also a new freight house, and at
Paxton new freight house will\be erect
ed. The company will receive considerable
mileage of new steel rails next month,
which will be Immediately put on the
tracks.
All the details of the sale Of the Detroit
& Toledo Shore-line to the Toledo. ST. Louis
d Western and the Grand Trunk, according
TO New York financial paper have been
practically completed The deal is very sig
nifcant so far as the railroad situation in
the middle West is concerned, it means
new line from Buffalo to st. Louis, an eX-
tension from ST. Louis to the Chicago Grand
Trunk. and the probable elimination of the
Glover Leaf a disturbing factor in the
rate situation. The actual length of the
Sh0re-line is fifty-five miles, and large
portion of ii is double-tracked.
The Pennsylvania lines west find that
making Sunday more of rest day is prov
ing beneficial to the company. While not
aiding in the movement of freight direct
or aiding in gaining any Roadway the day
OF quiet does not detract TO any marked
ope-quarter of the employees of the lines
west, were last Sunday given day of rest
for the first time in several months. In
fact, the last Sunday off was in December
last year, but the conditions at that time
were such as proved very Improbable in
causing a bad tie-up. In the two years
past Sunday has been the busiest day of
the week. a. b. Starr, general superintend-
ent of freight transportation, In speaking
of the results of last Sundays rest, said
that it did not interfere with freight move
ment other than to check 1T for day. The
company will endeavor to continue giving
the men Sunday for a rest until conditions
necessitate speedier freight handling.