The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-07-25

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33-inch cast iron wheels, archbar trucks,
Westinghouse quick action air brakes,
NJ. C. B. couplings, and Winslow's i'm
proved metallic roof
Bennett w. Pruet, secretary and treas
urer of the Alabama Northern with head
quarters at Ashland. reports to the Rail-
way Age that grading has been COM
menced on this road from Pyriton to
Ashland. Ala, a distance of seven miles.
The Texas railroad commission has sus-
pended its order requiring standard in
terlocking devices on the railroads of
! the state by 1906
BY building a new line in western Penn
sylvania the Baltimore and Ohio railroad
will shorten the route between Philadel-
phia and Pittsburg fifty miles and be
, in a position to actively compete for pas
senger traffic to Pittsburg
| Although the rules of the Central Pas
senger association prohibit It, and re-
duced rates for the Grand Army en-
campment at Boston were granted with
| that understanding, the G. A. r. has is
sued circular announcing routes. The
association is in the habit of cancelling
rate when it's rule Is ignored and it's
action in this case is awaited with in
terest.
The Queen and Crescent route is the
only road at this time granting stop overs
at Cincinnati on all forms of round trip
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The st. Louis Globe-Demoerat says:
by the sale of 81 PCS 900 refunding per
cent. bonds the Frisco has paid off the
$1.250OOO of notes falling due September.
1904, incurred in the purchase of the Okla
] homa City and Western. The bonds form
7 ed the collateral for the notes, which
! could be taken up September / or earlier.
The note was the second installment, the
first $1,25O000 having fallen due in March
| and been paid off. also by the sale of the
| collateral. = When the Oklahoma City
stocks and bonds were bought, the Frisco
was authorized to issue refunding bonds
| to cover the purchase. The bonds were
not sold. but money was raised on them
by means of these notes. The notes are
|
tions to be paid off by any big railroad,
and the method is probably significant of
the means that will be used by other
companies as their notes come due"
The New York Commercial says:
The progressive increase IN gross earn
] ings shown In the weekly traffic state
| ments of a large number of American
railroad systems during the month of
June and first two WEEKS OF July will,
according to the sober judgment of a
| large number of prominent railroad Off
cials interviewed by the New York Com
mercial, continue throughout the latter
half of the curren year. The unusually
| heavy operating expenses occasioned by
the storms of phenomenay severe win
i ter are being curtailed, as the repairs to
| the roadbed and bridges are completed
As a result the railroad officials inter-
viewed report that net earnings for June
make a satisfactory showing when con-
trasted with unfavorable returns of May
and the preceding months Concerning
the general outlook for the remainder of
the year, with one exception, the railroad
officials expressed themselves enthusiasts
tically
The Railway Age says:
Officials of railroad companies are much
interested in the Investigations now being
interested in the Investigations now
being conducted by the boards of
health Of certain large cities with
the object of securing better venti-
lation for street cars st. Louis, Chicago,
New York. Boston. Brooklyn and Balti-
more are among the cities struggling with
the problem. For twenty years the Pull
man company has sought for perfect
system of ventilation; for ten years the
Pennsylvania railroad has maintained an
experimental laboratory at Altoona with
the same end in view, while systems have
been proposed and devices patented al
most without number in an effort to solve
the problem satisfactorily.
The Wall Street Journal says
r f. .Yoakum has been in town for a
few DAYS from his country place at Lake
George. Mr. Yoakum was asked whether
the recent advance in the price OF Frisco
second preferred from low point OF ~
to SO foreshadowed any further Develop
ments in the line of corporation financing
His reply is interesting
ut does not. There is no financing I'M
pending. The company is now supplied
with working capital and practically free
of floating debt The advance in the stock
reflects the fact that 1t is cheap invest
ment issue 1t has paid its sixteenth divi-
dend and 1t will continue indefinitely as a
per cent issue.
This year. unanimously considered a
bad year, and year in which we have
had hundreds of miles of improbable line,
lines operated for construction account
and disconnected we have earned more
than twice the dividends on first and sec
ond preferred. Hereafter, with all our
lines in full operation and earning money,
the position OF these stockholders will
steadily improve"
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