New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-10
CROPS PROBLEMATICAL
f. Il. Delano Says 1t Is Too Early
to Form Definite Opinion.

r A Deano. president of the Wabash Railroad
company, was in New York yesterday and in an
interview said 1t too early yet form a def
mite opinion on the crop outlook. said he never
got 'panfcky' winter wheat for the reason
mat II 1t did not start right could be ploughed
up and corn planted in its place THE dam
age 10 wheat so far is mostly 70 tho south our
road ne said. We are more interested in corn
ana or course II is altogether too soon to think
aoout corn If the latter gets in by the middle
OF June we are satisfied. II is usually August he
yield"
speaking of the business done by the Wabash
IN the last two months and the outlook for the
future Mr. DeIsno said:
march and April have been very good months
Tor us We have cleaned up great deal Of stuff
'' 'oHseS''oh on our lines Is greatly relieved.
and think the same is more or less true ALI
through the country. We hauled twice as much
grain in those months o. in tho corresponding
uine last year One thing that brought the wheat
forward was the advance in rates that went into
erect on May l. People naturally wanted to got
their stuff through before that and Wa helped
them as much could
The Wabash will show Increase IN gross for
ths year Of about two and half millions We
1eeI rather proud Of the way have been increas
| ing our train load our tons train mile are now
heavier than the Lake Shore and ours Is
road on which there is heavy balance Of traf-
nc one way. We still increasing the train load
When we can balance our traffic which II will
ne possible 70 do as get our own outlet
10 tidewater. we shall do better We have been
building up our equipment and have added 5000
freight cars in the last year all 90 ton cars We
are reroonng % old cars month and charging
the work to operating expenses We have been
PuE1ng equipment out Of earnings to large extent
ana within the next eighteen months final pay
mehts' amounting to about 81 10000 will he made
on equipment so purchased.
Returns from the heavy oxpard'trree mazda M
ana around Pittsburg beginning to show, The
has ff3-I,,,,
creasng % per cent month over last year. which
Is about all that could he expected Al that ratio
the earnings from this source ought to pyramid
rapidly, The hostility with which the wabash has
neen contending at Pittsburg is wearing away and
live and let " '' " '''9 va
MT Delano went say that he saw no sign
on let-up in business i'm Pitshurg You would
expect some falling off would YOU not he asked
n Ni'W OF the Curtailment Of expenditures bv the
~ HtesI people seem 20 be very optimistic.
lt cHriallmAnt Of expenditures by the Wabash
snectS no essential improvements. We had soma
di'lbitious projects in mind. which thought
should undertake this spring n conditions we're
and many other things decided to M; Them
over. These deferred plans had not gone beyond
the tentative stage. The work had not been
definitely authorized. and decided that II would
re better to build up a cash surplus and let our
Some or tho Eastern lines see are placing
large orders for cars. especially the New Haven.
mis- is Il very good thing for all OF rs. almost
good as II We were buying cars. Hitherto IN times
of great railroad pressure New England has been
a graveyard for other peoples cars. Large in
Creases in the equipment of the Eastern VIII
relieve things materially
Mr.. Delano returned - Chicago Yesterday after
when he might have something more TO say on the
crop outlook.