The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-07
FINANCIAL.
FOR SALE-FARMS.
passes to influence traffic is badly demon

passes to influence traffic is badly demon
allied
H. c. Shepard, who succeeded Col. S. f.
Gray as assistant freight agent OF the
from st. Paul, where he spent last week
in introducing his successor to shippers
end others at that point and closing UP
his business.
George H. Ross has been appointed gen.
eral traffic manager of the Toledo St
Louis & Western, succeeding c. d. Whitney,
resigned. He is we'll known among railroad
men in this part OF the country. having
number of years.
The Panhandle last week handled the
largest west-bound tonnage on its Indian
apolis division in the history of the road
on several days OF the week twenty-six
trains, comprising us to 800 cars, were sent
westward from Columbus, which is a new
record for the Panhandle.
The Wabash is making a special effort
to secure Western travel for the coming
summer, offering as one inducement in
favor of the route that it is the only line
to the West that passes by the worlds
fair grounds giving all who go West by
the route chance to see the grounds.
The Rock Islands st. Louis-Kansas City
line will be completed by May 1. The track
layers, moving westward. are sixty
miles from Kansas City, and the grading
is completed to point ten miles east of
Kansas City. The connection will be made
with the Frisco track for an entrance into
The trunk lines have appointed Presi-
dents o. G.. Murray. NJ. E. Ingalls,. A. ].
Cassatt, F. p Shontz and F. p Under
wood a committee to confer with the gulf
lines as 10 export rates, and il is expected
that the gulf lines will appoint a commit
tee consisting of Sturyvesant Fish, Paul
Morton, B. l.. Winchell and A. c. Bird.
All the PENNSYLVANIA lines reported for
January a gross decrease of $1,426 100 and
a net decrease in earnings Of $l670, 400.
Most of the loss was between New York
and Chicago; the road suffering from snow
for lack of tonnage, as President Cassatt,
in his annual report, stated that the traffic
in sight exceeded the capacity of the road
| to handle.
1t is stated that L. e. Johnston. the
| newly elected president of the Norfolk &
| Western, may remove his offices from
Roanoke, Va, to Philadelphia. The rea
| son assigned is the necessity of the preSi-
| dent being close to the financial center
of the country and where it is possible for
| him to confer frequently with the officers
| Of the Pennsylvania Company, which is
| financially interested in the Norfolk &
| Western.
The last three days of last week the Wa
bash did much to relieve the congestion
had been occasioned by the deep snow on
the Grand Trunk Railway in Canada
which is used by the Wabash. On Thurs
day 1000 cars were stored at Andrews, just
! east of Peru, and large number of these
| cars were moved within three four days.
Similar progress is being made elsewhere
! on the line.
With the Chicago. Rock Island & Pa
| cific coming back into the Western Passen-
| ger Association, after remaining out for
several years, John Sebastian. passenger
traffic manager of the company. is to be
| elected a member of the executive commit
| tee of the association. Beginning with
March l the Rock Island began using a new
mileage book. in addition to the inter
| changeable mileage book of the Western
Passenger Association.
A E. Stillwell, president of the Kansas
! City, Mexico q Orient Railway, accompa-
MED by party of London and New York
| capitalists. arrived i'm Mexico City yester-
day. President Stillwell's main purpose in
| going TO Mexico at this time is TO confer
| with the government relative to the accept
ance of the completed portion Of the road
| from Topilobampo to FL Fuerte, distance
! of nearly 200 miles. The line is now being
! operated, and soon IL is formally ac-
cepted by the government the subsidy Of
! fered for its construction will be due and
payable
A. ]. Cassatt Clement A. Griscomb and
A r. Little will undoubtedly be reelected
| without opposition following the annual
meeting of the Pennsylvania stockholders
TO be held tomorrow in Philadelphia. These
members of the board are the only ones
whose terms expire with this year. The
report of Rockefeller's opposition to Presi-
dent Cassatt, and that contest would en-
sue at the approaching election is not
horne out by existing conditions II Is even
stated that the Rockefeller interest in the
Pennsylvania has manifested itself and ex-
pressed a desire 10 continue the Cassatt
administration.
Commercial Agent Fallenz announces that
the lines of the Pere Marquette IN the
Grand Rapids district have all been cleared
of snow and that freight is being handled
as usual. He expects 10 continue without
any interruption from this time on. There
has been a practical embargo on oil freight
in that territory tor the past two months
on account of the heavy snow and severe
weather. lie further announces that as
soon its connecting line east or the
Detroit river is ready 10 Go business the
Pere Marquette will open is Buffalo route
after which the road proposes 20 make a
strong bid fer east-boUnd freight business