The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-04-16


their associates, and don't know why
they should have bought it If they
have. I do know, from private adj
vices, that the voting trustees have
not exercised their privilege of Selling
the stock cooled with them.
Hope of Dividends.
go far as T know, the future of
the Wisconsin Central lies in its own
resources. That future is good enough
to Justify the hope of dividends on the
preferred within a year or so unless
traffic suffers a collapse such as$we do
not expect.
The road is in fair condition. It
is not. thru trunk line and is not
fitted to become one except thru the
expenditure of great sums Of money
for equipment, roadbed, etc. 1t has
been maintained thru the past year on
a fairly liberal basis but the policy
which made it into a railroad instead
OF the wreck 1t was five years ago
1902. s.
- Now the change in the northwest
ern railroad situation thru the dis
solution of the Northern Securities
company has been taken to have an
important bearing on the fortunes of
our road and Great Western. I don't
see much in that. When these peo-
pie get thru with the preliminaries
they will settle down again to get the
money out 7of their roads as they did
last year They won't go to war on
the lines. - E@--S-.s =. = .s..s..,.s
Not Duplicating Lines.
None Of them is. going to dupli-
cate its lines between st. Paul and
Chicago. So I don't see where we
come: in. Great Northern and North
ern Pacific have the Burlington, and
do not as yet need another line thru
Wisconsin. Until they do need an
other line they won't spend any money
on Wisconsin. Central. f.St. Paul and
North-Western have their own: lines
In this country and could not buy our
their business between those points is
good enough to Justify another main
trunk line for them they won't be buy
ing our stock atttlie present prices. If
business gets as heavy as that between
the twin cities and Chicago our own
both classes of stock.
.ss..s. Prospects for 500 Line.
. Occasionally we hear that the 500
line is likely to look for a line into
chicago to connect with the Canadian
Pacific trunk line connections at that
point. The. argument-which looks
milling Of Canadian wheat in transit
at the twin cities is going to become
such an important industry that the
Canadian Pacific must ultimately have
line thru the twin cities to Chicago
unless that system, wants to lose the
long haul on the product of the Cana
dian northwest.
Nov, that is logically correct-i1
there were free trade. In that case
doubtless more than half of the flour
from Canadian wheat would be made
at Minneapolis. But there is no free
trade. There does not seem at the
| moment. much prospect Of free trade
If the duties were off, I have no doub
the Canadian Pacific would look fo1
, to control part Of the tonnage cas-
from the twin cities. In the meantime
the business does not justify any hope
Of such deal. 7ts
Canadians Develop Milling.
Instead, you will notice that thu
Canadian mills in the northwest, tn,
boundary country, Rainy river etc.
wherever there is power-are increas
ing their capacity faster than, tn,
American mills are increasing theirs
The Ogilvies. and others are going af
ter the business of milling their owl
wheat. The Canadian Pacific and Ca
madam Northern will control the lon,
haul on the northwestern business b,
having it milled on the Canadian side
The stronger and the bigger thes
milling industries become the stronge
will the Canadian northwest object t,
free trade. They will make thei
own business. don't know the coun
try north Of the boundary, so speal
more or less from hearsay; but I un
derstand that the prospects are 70
the development of a tremendous mill
ling industry north of the line, which
must sooner or later give the hom
lines flour tonnage in Canadian fou
that will compare very well with GU
1 tonnage out Of Minneapolis.
Private Car Excursion to Californi.
/ ~ Via Rock Island System.
Private car "Lacona" leaves De
Moines, Saturday, April 30, for fou
return.
On the way to California, stops will
be made at Denver, Colorado Springs
Glenwood and Salt Lake City. Point
lin California which will be visited are
ISacram ento, Fresno, Los Angeles, San
ia Barbara, Monterey and San Fran
/ cisco. The return journey will b.
made by way of Portland Tacoma
Seattle, Vancouver, thence to st. Pau
and Des Moines via the Canadian Pa
cific Railway.
! The car has a bathroom, hot an
I cold water, observation parlor,> kitch
len and dining arrangements, berth
and staterooms. It will be occupied
during the entire journey. Meals an,
berths are included in the rate which
from Minneapolis, is only $135, So
Of which is payable at this office, tn
remaining $40 to be collected by MI
j Van Wrinkle aboard the. car.
! The rate is exceptionally low, beini
only about $3.50 per day for boar.
and lodging.
/ Full information at this office.
A. Z. Steece, C. P. A.,
322 Nicollet Ave, Minneapolis.