York Division of the Penn. R. R. New and Powerful Locomotive for the New poses, so that the earnings of the road since it was months ended February 29, 1881, (excess o first opened for trafic (July 21, 1877) have not ports,) $72,602,865; twelve months ended only produced au income to the city of $430,983 ruary 29, 1880, (excess of imports,) $59,78 78 in excess of all expenses for operating and maintenance purposes during that time, but have The Springfield Southern Railroad, a stai repaid over $320,000 for expenditures for main-gauge road, 118 miles in length, extending tenance prior to the date the road began to pro- Springfield to Jackson, Ohio, has been parc duce a revenue. by a syndicate in the interest of the I A monster locomotive, built by the Pennsylva nia Railroad Company at its shops, at Altoona and designed for moving swiftly heavy passenger trains on the New York division of that road, wil! make its first regular trip from the West Philadel phia depot at 7.35 this morning. It is 62 feet long (including tank), weighs e bout 43 tons, fully equipped, and bas 18 inch cylinder and four 61⁄2foot driving wheels. The stroke of the piston is 24 in bes, the diameter of the boiler 52 inches, have been made as follows: and the fire-box, which is raised above instead July 7, 1880...... of being placed between the frames, in order to October 5, 1880 give greater generating surface, is large in pro- November 9, 1880...... portion to the extra amount of the work expected from the motive power. The engine is an atTotal.................... .... $290,821 24 ...... ... .... .... .... .... Out of this $430,988 78 payments to the city Bloomington and Western Railway Compar thracite coal-burner, and, while designed to carry leaving a balance of $140,162 49, out of which 809; for maintenance, $1,027,828, and for rights It is proposed to cover the entire property $7,680,000 in securities as follows: $1 first mortgage 6 per cent bonds covering the and coal property, and equivalent to $15,00 mile of road; $1,920,000 ($15,000 per m income bonds, and $3,840,000 ($30 000 per of stock. The subscription will be for $1,92 8,575,269 13 and for $10,000 subscribed there will issue $1 gineer by simply opening and shutting a valve, to penditures for construction amounted to $16,834, will represent a cash investment of 830 easily control its movements. It is expected that she will, after a few trips have been made, make the distance between West Philadelphia and Jetsey City regularly in uinety minutes. The en- New York, Pennsylvania and Ohio R. R. gine did her first work on the road on Friday, bringing the Pacific express from Altoona to The operations of the New York, Penneylvania Harrisburg. There she was transferred to the and Ohio Railroad for 1880, the first year of the St. Louis day express, a faster train, with which reorganized company, were as follows: she made the run to this city, 110 miles, in 172 minutes, arriving on regular schedule time. She was in charge of Engineer Covert, of the New York division, who is to run ber in future, and who was accompanied by Engine Foreman Black and others as pilots, all of whom expressed the greatest satisfaction with her speed, power and general movements. She is numbered " 10," after the engine she displaces, and her length, height and evident strength attracted more than usual attention to her while she was en route to this city. [Phila. Ledger, March 28. Cincinnati Southern Railway. From the Report of the Cincinnati Southern Railway recently issued, it appears that there has been expended up to the close of last year $19,960,829 74. As this exceeds by nearly $2,000,000 the $18 000,000 advanced by the City of Cincinnati, the residue bad to be taken from the receipts of the operating company and charged to "maintenance of way." This being the case the trustees make the following showing, answering the frequent question as to where the difference between the receipts of the road and the amount paid by the city has gore: Total surplus received since opening of road from licensees.... .... ..$1,589,458 84 From which deduct Leaving net income.... 1,158,475 10 Gross earnings from operation.... $5,265,357 48 -- Net earnings from operation..$1,690,088 35. first mortgage bonds, $5,000 income bon Earnings from other sources....... 28,187 97 $10,000 stock, The syndicate announces i ther purpose of extending the road by the Total net earnings from all sources.81,718,276 32 of first mortgage bonds limited to $15,00 Out of which were paid fixed charges as follows Rental of equipment...$283,614 98 .......... Total payments 60,879 37 700,772 27 Net income for the year 1880.81,017,501 05 Interest on prior lien 96,344 67 bonds, due & accrued. $400,000 00 ....... due January 1, 1881. 431,250 CO Total deductions.... Surplus for the year. Imports and Exports. mile to the Ohio River from Jackson, the nishing the I., B. and W., and the C., S. a another outlet to the seaboard via the Chesa and Ohio Railroad. The population of the German Empire c 1st of December, 1880, has now been firal certained. It amounts in all to 45,194,172 as against 42,727,260 at the previous cens 1875. The increase in five years is therefor 466,912. The population of the principal S of the Empire is now as follows. Prussia, 27. 067, against 25,742,404 in 1875 ; Bavaria, 5, 516, against 5,022,390 in 1875; Saxony, 2 220, against 2,760,586 in 1875; Wurtembarg 970,132, agains. 1,881,505 in 1875; Baden, 1, 589, against 1,507,179 in 1875; Alsace-Lor 1,571,971, against 1,531,804 in 1875; H Darmstadt, 936,944, against 884,218 in 1 $89,909 38 Mecklenburg-Schwerin, 576,827; Saxe-Wei 309,503; Saxe Coburg Gotha, 194,479; Oldert 337,454; Brunswick, 349,429; Aobalt, 232,1 927,594 67 The eighth monthly statement of the chief of Lubeck 63,571; Bremen, 156,229, and Hamb the bureau of statistics for the current fiscal year 454,041. shows the excess of exports of merchandise over imports as follows: For the month ended Febru The stockholders of the New York, Provid $430,983 74 ary 28, 1881, $19,900,295; mon:b ended February and Boston Railroad Company have decided The disproportion of expenditures for mainte- 29, 1880, $4,309,202; for the eight months ended accept the recent amendments of the charle nance of way as compared with the total net sar-February 28, 1881, $210,387,405, (ight months the company, granted by the Legislatures plus received from the company, is due to the ended February 29, 1880, $152 618,305; twelve Rhode Island and Connecticut, allowing fact that maintenance began two years and six months ended February 28, 1881, $225 453,012; company to mortgage its property. The cha months prior to the date of opening the road for twelve months ended February 29, 1880, $212, amendments permit the company to issue b traffic, the payments therefor being advanced out 306,041. The excess of imports or of exports of to the amount of $500,000, to bear interest of construction fund and repaid by the net sur gold and silver coin and bullion was as follows: exceeding 6 per cent, and payable in not plas of the earnings of the road as rapidly as they Month ended February 28, 1881, (excess of ex- than thirty years. The money is to be used have been paid over by the company. All of the ports,) $465,073; month ended February 29, 1880, laying a double track of steel rails from Pr sa: plus so received up to January 1, 1880, (8765,- (excess of imports), $279,762; eight months end-dence to Stonington. The company will mo 092 22), was applied for this purpose, and at that ed February 28, 1881, (excess of of imports,) gage that portion of the railroad running fr date the sum of $4,019 78 was still due the con- $72,175,866; eight months ended February 29, Stonington to Groton, and the ferry from Gro struction fund for advares for maintenance pur-1880, (excess of imports,) $75,464,892; twelve to New London. Railroad Journal viously made for this project, but there being railroads. The legislative bodies of France a possibility that the commission to be appoint-are being urged by the Gray Chamber of Comed by President Garfield might select some merce to use their power in opposition to any other route than those previously provided iurther purchase of railroads by the GovernESTABLISHED 1831. for, is the probable explanation of the present ment; and not only that, but it is still further legislature being called upon for further ac-advocated by this commercial body that the PUBLISHED WEEKLY BY THE MERICAN RAILROAD JOURNAL COMPANY, ription, per annum, in advance.. $5 00 Subscription, including postage....... 6 00 BRANCH OFFICE: 48 Congress St., Boston, Mass. tion. government cede back again the railroads now in its possession to the railroad comMINNESOTA had ten miles of railroad at the panies most directly interested in them. One close of the year 1862; at the close of last of the reasons urged in behalf of these meayear she had 3,099 miles with a considerable sures is one that applies with peculiar force to amount of construction under way. With so the Republic on this side of the water; that great a part of her important through lines the tendency of the management of railroads completed there has been during the past few by the government is strongly toward creating years a most valuable addition to the revenue a monopoly and a centralization, that turns of the State from railroads. The State reve- the duties of the government into those of an nue from this source in 1878 was $200,171 industrial and commercial concern, qualificaand in 1879 $249,354, that for 1880 not being tions incompatible with those required for the yet reported. These gratifying returns would highest perfection of the State and the welseem to fully warrant Commissioner Wm. R. fare and satisfaction of the people. 321 Marshall in recommending that the State Mr. FREDERIC ALGAR, Nos. 11 and 12 ts Lane, Lombard Street, LONDON, E. C., Engis the authorized European Agent for the PRINCIPAL CONTENTS. Things about Iron and Coal... 7 sati Southern Railway... York, Pennsylvania and Ohio Railroad. arts and Exports.. erament Ownership of Railroads.. 7ization bern Central Railway... adelphia and Reading Companies Coal Trade..... dinnati, Sandusky and Cleveland Railroad. .322 .323 .326 336 road Earnings.... First Railway in Canada.. erian Railroad Bond List.. truad Share List... That a State monopoly contains demoraliz 322 should give assurance of security and fair ing elements of a most dangerous character 3 2 treatment to capital that may seek investment alike to republican institutions and commercial in her railroads. Mr. Marshall in his report prosperity is so well known a fact as to need .325 for the past year has given not only much in- no written presentation. No monopoly can be 326 teresting information in a very comprehensive conceived whose workings would be more pro327 manner, but some valuable suggestions as to lific of evil to commercial interests, and of po.345, 327 the action of the State, of which the above is litical corruption in its worst forms, than that .327 328 one and another is that minimum rates of which should place in the hands of inexperitransportation will be secured without the use enced legislators and money grabbing politi340 of further means than those tending directly cians the bestowing of the vast patronage that to encourage railroad construction. would fall to their hands through the government having possession of the railroads. Too much is expected now of our legislators. It It would seem that if there was any place has become far too common for chronic comwhere the idea of government ownership of plainants to look upon legislative action as the railroads would be popular that place of all great remedy for imagined ailments, whereas others would be France. Two reasons why it would seem that the constant appearance in THE World's Fair now depends upon the this might be expected are that there has been our State legislatures of bills containing most railroads for a successful start. It has been an extended railroad agitation in France and impracticable ideas concerning the manageproposed among the committee having charge many evils, imaginary cr otherwise, have been ment of railroads, and advancing ridiculous of the finances to ask for no further private complained of; and that the French people of theories pertaining to transportation should subscriptions until the railroads have sub. the most substantial class have unlimited con-illustrate the fact that improvements can only scribed at least $1,500,000. If the public fidence in the power of their government to be assured by the employment of means which generally shows an interest in the project, and suppress an evil when it assumes to do so. long experience in the practical school of railit seems to be doing so now with a little more This confidence in the power of government road management alone can suggest. Experiof enthusiasm than was manifested a few weeks obtains most conspicuously among a people enced railroad men working not for political go, the railroads can safely be counted on as who are placed face to face with governmental influence but for their own direct benefit, being willing to take their full share of the questions through studying and watching the which must be inseparably united to that of growth of forms of government newly adopted the general public, are the only powers that by them. The change of government has can successfully and justly manage railroad ered at the Post Office at New York, N. Y., as SecondClass Mail Matter. rak. THE Ship canal which it has been proposed righted many wrongs; they look to the es- affairs. to build across Delaware somewhere be-tablished government as the power which There is a regulator that governs more evenlow Appoquinimink Creek, is again before the shall hold the corrective check over all evils ly than legislators can possibly do the relations Delaware legislature. A bill was introduced affecting their political and commercial econo- between the railroads and the people; it is into the legislature of that State this week my. found in the principles that underlie the laws providing for a right of way and naming as To France then we might look expecting to of supply and demand, of the survival of the incorporators Congressman Martin, Governor find, if any where, commercial bodies strongly fittest and of successful competition, though it Hall and other prominent Delawarians, and favoring the government ownership of rail-may be called by no more worthy name than John E. Hurst, Henry C. Smith, William H. roads. But on the contrary in France to-day self interest. The more plainly a manager can Baldwin, William T. Dickson and Joseph E. the most important associations looking di- see that the exercise of his fullest and freest Bruff, of Maryland, corporators, with a capi-rectly to commercial interests distinctive from powers are tending directly to his own benefit tal stock of $30,000,000, the cession of their railroad interests, the chambers of commerce the more sure may be the public which he authority to be made to the United States and other institutions aiming to work for the serves of receiving the best possible facilities Government, whenever it shall undertake to welfare of trade, are strongly opposing the idea and accommodations. There may be excepconstruct the canal. Grants have been pre- of the government taking possession of the tions but the rule holds good that the railroads Sands street end of the Brooklyn bridge to Flatbush, Articles of incorporation have been filed which to-day are giving most thorough satis- | S. Grant; Vice President, G. M. Dodge; Secretary, (25th ult., Robert Garrett was elected Preside Organization. been filed with the Secretary of State of Wisconsin. The line will run from Green Bay to St. Croix River. man. At the annual meeting of the Housatonic Railroad Co., held at Bridgeport, Conn., on the 25th of February, the following directors were unanimously Articles of consolidation of the Ohio, India elected: Wm. H. Barnum, David S. Draper, William Pacific Railway Company, with the Indiana, Articles of association of the Great Northern Tim-D. Bishop, Samuel Willets, George W. Peet, Horace ington and Western Railway Company, und ber Belt Railroad Company, capital $2,500,000, have Nichols, A. B. Mygatt, Edward Leavitt and John B. name of the latter, were filed with the Seer Peck. At a subsequent meeting of the board W. H. State of Indiana on the 24th ult. The capit: Barnum was elected President, D. S. Draper, Vice- is $10,000,000, of which $5,000,000 is issued President, and C. K. Averill, Secretary and Treasurer. demption of the existing debt-$4,500,000Articles of associatien of the South Bend Southern Indiana, Bloomington and Western, and for ne the Secretary of State of Indiana. The road will be necessary, is set aside for the constructi run from South Bend to Plymouth; length, 23 equipment of the eastern extension, and the r miles; capital, $220,000; Directors, Clem. Stude-ing $2,000,000 is authorized for the general p baker, Schuyler Colfax, James Oliver, Alexis Coquilof the consolidated road, and may be issued lard, J. M. Studebaker, John G. Birdsell, John Cquired. The new bonds will bear 6 per cent in Knoblock, Joseph D. Oliver, William D. George, Joseph Warden, Peter E. Studebaker, Jacob F. Studebaker and William Mack. Articles of incorporation of the Stillwater, Hastings Railroad Company have been filed in the office of improvements; $3,000,000, or so much thereof and Rochester Railway Company have been filed with the Secretary of State of Minnesota. The capi tal stock is fixed at $150,000, divided into shares of $100 each. The Central Tunnel Railway Company filed articles of incorporation at Albany, N. Y., on the 26th ult, with a capital of $5,000,000. It is to run from the City Hall to the Grand Central depot, New York. Among the directors are H. C. Stetson and Geo. Lorillard. The officers of the Camden and Philadelphia Ferry Company, recently elected, are: President, Edmund Smith; Secretary and Treasurer, W. H. Gatzmer; Directors, John C. Bullitt, G. M. Dorrance, T. Jones Yorke, J. W. McKnight, Thomas H. Dudley, W. J. Sewall and Isaac S. Buckalew. The Governor of Pennsylvania has granted a charter to the New Brighton and New Castle Railroad Company. The directors are J. N. McCullough, Wm. Thaw, Thos. D. Messler, J. D. Layng, Jno. David Manufacturing. The Cambria Iron and Steel Works of John At the annual meeting of the Maine Central Rail- and the Edgar Thomson Steel Works of Pitts road Company, held in Augusta, Me., on the 23d ult., Pa., are to furnish 12,000 tons of steel rails the following gentlemen were unanimously elected Louisville, New Albany and St. Louis Railroad directors for the ensuing year: Abner Coburn, Skow- The editor of the Nautical Gazette, says tha hegar; Darius Alden, Augusta; Arthur Sewall, Bath; iron steamer City of Worcester just built fo William G. Davis, Portland; Alfred P. Rockwell, Norwich and New York Transportation Compan Boston; George S. Morrison, New York; George P. the Harlan & Hollingsworth Company "is the King, Boston; George E. B. Jackson, Portland; Wil-speciemen of iron work ever turned out of any liam B. Bacon, Boston; Willard P. Phillips, Salem; yard in the world." Elijah B. Phillips, Boston; Stephen J. Young, BrunsThe Pittsburg Bessemer Steel Co. and Graff wick; Horatio N. Jose, Portland. nett & Co, have recently ordered testing mac Articles of corporation of the Fond du Lac, Portage from Riehle Brothers, of Phila elphia. An ex son, Wm. Stewart and Wm. Mullins. The capital and Sturgeon Bay Railroad Company have been sign-ing trade through their Pittsburg and Chicago bran stock is $210,000 and the gauge 4 feet 9 inches. ed at Madison, Wis. This company, with a capital is reported by Richle Brothers, with their well k Articles of incorporation have been filed in Minne-stock of $2,000,000, proposes to construct a road from charging scales having a greater demand than sota for the Red Wing and Iowa Railroad, which is a point on the Chicago and Northwestern Railway in before. to be built from Red Wing, Minn., to Zumbrata, Sauk County, via Portage City and Fond du Lac, to thence to the Iowa State line. The officers are: S. Sturgeon Bay, in Door County. The company is re-manufacturing a car axle lubricant that is gall William F. Gedney, 270 West street, this cit B. Foote, President; Charles Betcher, Vice-President; ported to be backed by abundant capital and numbers great popularity among railroad men. J. S. Hoard, Secretary, and J. C. Pierce, Treasurer, among its corporators representative men all along sample sufficiently generous for a good trial with all of Red Wing. The capital stock is $800,000. the line, who were present at the organization. charge. Mr. Gedney has had an experience of al The officers of the New Mexico Southern Railway Company, elected on the 5th ult., are: President, U. Railroad Company, held at Wilmington, Del., on the best known productions being the "Uncle Sam At a special meeting of the Delaware Western fifteen years in the handling of lubricants, one of He sen atag Compound," which in different grades is the Atlantic, Mississippi and Ohio Railroad, near It is expected that the whole track will be relaid led to a great variety of uses. Salem or Big Lick, in Roanoke county. The and the gauge of the road widened before Sepwork of construction will quickly follow the lo- tember. cation of the road. Interest and Dividends. be Cincinnati, Indianapolis, St. Louis and Chicago Imad Company has declared a dividend of 1 per This was formerly the Cincinnati, Lafayette Railways in Australasia. Northern Central Railway. The following is a comparative statement of the gross earnings, operating expenses and net The project of a railway between the north and Cheago, which consolidated with the Indianap-south of Australasia is now fairly under way, and earnings of the Northern Central Railway ComCincinnati and Lafayette. On February 2, 1880, will reduce the time between England and Syd-pany for the month of February: ney by 30 days. The principal sections of the Gross earnings.... northern part is already completed. It is 312 Operating expenses. miles long and runs between Brisbane and Rome. Between the latter point and the Bay of Carpen and was sold under foreclosure, and the present pany organized. ettlement of all arrears of dividends which nd of 55 per cent upon the preferred stock, payin dividend bonds, for which (pending the preof the bonds) dividend bond scrip will be on the 20th inst. to stockholders of record on inst ......... 1881. 1880. $382,657 $330,860 247,830 213,094 Net earnings..... ...$134,827 $117,766 For the two months ending with February the Gross earnings.... 1881. 1880. $768,814 $665 354 493,801 427,155 ......... line will connect with that between Roehampton gross earnings, operating expenses and net earn. and Emeraldtown. There are still gaps to fill be-ings were : tween Brisbane and Sydney, and Sydney and Adelaide. The road will link together the prio- Operating expenses. cipal cities and most peopled regions of the great Oregon Railway and Navigation Company has island, with the exception of those in the west. god a quarterly dividend of 2 per cent, payable A syndicate has been empowered by the LegisFarmers' Loan and Trust Company, 26 Ex-lature of Queensland to construct all the road Place, on the 2d of May to stockholders of within its domains, and will receive 4,000 acres on the 9th of April. of publie land for each kilometre or three-eighths of a mile built. Lake Shore and Michigan Southern Railway pany has declared a dividend of 2 per cent, pay. at the Treasurer's office, Grand Central Depot, e 2d of May. Michigan Central Railroad Company has dea dividend of 1 per cent, payable at the Trea ofice, Grand Central Depot, on the 2d of May. The Delaware, Lackawanna and Western Railway mpany has declared a quarterly dividend of 14 per payable April 20. ... .. Net earnings... $275,013 $238,199 The Richmond (Va.) Dispatch says that the Bright Hope Railway Company are looking to a plan of extending their line of road from their present eastern terminus at Chester to Bermuda Hundred, at the confluence of the James and the From the returns made to the Secretary of the Appomattox rivers. Complete surveys have been Treasury by Mr. Joseph Nimmo, Jr., Chief of the made, and it is thought the company will finally Bureau of Statistics, we learn that the total value determine the matter in a few dayr. They also of the exports from the United States of barley, contemplate an extension of the western end of corn, cornmeal, oats, rye, wheat and wheat flour the line from Clover Hill into Amelia county, tofor February, 1881, was $13,919,246, against $14- wards Blacks and Whites, on the Atlantic, Mis426,844 for the same month in 1880. For the sissippi and Ohio Railroad. This improvement two months of the calendar year 1881 the totals will efford a means of developing the rich mineral were $28,818,652, against $29,059,726 in 1880. resources there, and of giving an outlet to the For the eight months of the fiscal year 1881 the fine lumber in that section. totals were $182,428,826, as against $188,835,659 At a meeting of the Provincial directors of the in the corresponding period of 1880. The report Ontario and Quebec Railway Company, held in by customs districts shows that while the aggre- Montreal on the 26th ult., an arrangement for gate shipments for the eight mouths of the fiscal the organization of the company was completed, year from New York are in excess of those of the and the directors adjourned until April 26th to corresponding period of the previous year nearly receive the report of Mr. Lumsden, C. E., who has $1,000,000, from Boston nearly $2,000,000, and been entrusted with the preliminary survey of from New Orleans over $2,500,000, the falling off of the line, and is now engaged at the works. A The Philadelphia Inquirer says that the com- at Philadelphia is nearly $3,000,000, and at Bil-committee of directors was also appointed to conaltee baving the matter in charge have approved timore $5,553,103. The decline in the shipments fer with the Quebec Government and the varions of the scheme by which the Philadelphia and from San Francisco during the eight months is a railway companies interested in the early COLErie Railroad is to be made use of as a connec-trifle in excess of $4,0CC,000, and those from struction of the road, which is now a certainty. llan for the new trunk line that is being estab- Willamette, Oregon, have fallen off nearly oneished between New York and Williamsport. half, or from $8,405,677 in 1880 to $1,607,785 in Pean, via the Central of New Jersey and Cata-in 1881. The Philadelphia and Reading Railroad Company Fes notice that, pending the litigation on the subno forfeiture for non-payment of instalments on deferred income bonds will be enforced. and the payment on those bonds, due March 31, is exded to April 30. At a meeting of the Directors of the Delaware estern Railroad in Wilmington on the 29th ult., an Latrobe, of Baltimore was elected one of the bard. wiss Railroads. It is here the concection with The bill providing for the settlement of the repudiated debt of Minnesota, which recently passed the Legislature of that State and is now a the Philadelphia aud Erie Railroad comes in, that The Chief of the Bureau of Statistics reports law, adjusts the greater part of the debt at 50 road being used between Williamsport and Drift- that the total values of the exports of domestic cents on the dollar, some of the claims being wood; thence over the Allegbeny Valley's low provisions, tallow and dairy products during Feb- disputed. The payment is to be made out of the grade division to Brady's Bend, and across the 1uary, 1881, were $14,727,671, and daring Feb-proceeds of internal improvement lands. Selah river, where an additional track will be laid or ruary, 1880, $9,243,383; for the two months end Chamberlain, of Cleveland, Ohio, who has for the narrow-gange road now in operation from ed February, 1881, 829,946,353, and for the same years urged the payment of this debt, either perthat point. By these connections, and an addi- period in 1880, $18,700,830. The total values of sonally or by his agents, will receive securities Local one, Youngstown, Ohio, will be reached, the exports of provisions and tallow for the four valued at more than $1,500 000. and connection thas made with the Wabash sya- months ended February, 1881, were $52,168,399, tem. This will be the shortest line to the East, and for the four months ended February 1880, and will ineviti.bly cut beavily into the traffic now $34,196,425. The total values of dairy products to J. R. Woodward of the Quebec Central Railerjoyed by the New York Central and Canada for the ten months ended February, 1881, $22,- road for $192,090 has already been noticed. We 219,097, and for the ten months ended February, learu that it is contemplated to raise the roadbed 1880, $15,399,607. several feet, the whole length of the line, and under the new ownership, it is hoped that the Southern Railroads. Capt. Cor, Chief Engineer of the Shenandoah Valley Railroad, has removed his headquarters The sale of the Levis and Kernebec Railroad The Montreal Witcess says that Hor. Isaac road will enter upon a more prosperous career from Hagerstown, Md., to Waynesboro', Va., and Burpee and Mr. E. R. Burpee have gone to Pres-than it has had in the past. A junction with the will vigorously push the work of locating a line que Isle to arrange for the immediate extension Quebec Central was effected last fall near St. Jofor the road between Waynesboro' and a point on of the New Brunswick Railway in that quarter. seph de la Beauce. Inventions. Comparative statement of business of the Ptil- the Cumberland coal region for the week .... Gross receipts 1881. Month. -1880 An important combination of interests in superior adelphia and Reading Railroad Company for modern appliances for the promotion of security in February, 1881 : railway travel, and establishing effective safeguards against every class of railway accidents has recently been perfected. According to the Pittsburg Chronicle it consists of a consolidation of control of all the important patents and appliances manufactured by the Toucey & Buchanan Interlocking Switch Company, of Harrisburg, and the Union Electric Signal Company, of Boston. Very appropriately the general Gross receipts.....$1,085,161 78 direction and management of both these companies Gross expenses.... 687,278 65 has been placed under the immediate charge, as President, of Mr. Gorge Westinghouse, Jr., whose famous brake systems are now world-renowned, and are saving hundreds of lives every year by their successful operation on a large proportion of the railways of this and all other civilized countries. Mouth. Year to date $3,978,318 05 2,248,619 97 Net profit..... $397,888 13 $1,729,698 08 Comparative statement of business of the Philadelphia and Reading Coal and Iron Company for February, 1881: Receipts... Month. .8803,625 36 703,544 90 Philadelphia and Reading Companies. The following is the mouthly comparative Expenses statement of gross receipts, tonnage and passen- Profit..........$100,088 73 gers of the Philadelphia and Reading Railroad Net profit of all..... 631,402 09 Company for the month of February, 1881 and 1880: Month. Railroad traffic...$1,277,766 78 $3,836,119 20 Net profit of all..... 318,800 79 Gross receipts: Canal traffic. ..... 1881. Receipts,... .... Month. Years to date. 3.858 80 50,708 83 6,189 92 152,615 40 Richmond coal Total Railroad Co. $1,336,427 69 Reading Coal & Iron Co......... Total of all...$2,140,053 32 $6,530,476 91 Tonnage and passengers: -1881 Year to date. $2,520,885 94 2,344,911 99 $175,973 95 1,726,628 46 March 19 were 41,682 tons, and for the year 586 tous-a decrease of 38,292 tons as com with the corresponding period of last year. coal was carried as follows: Baltimore and Railroad-week 35,411 tons, year, 276 082 decrease as compared with 1880, 33 251 Chesapeake and Ohio Caral-week and 1,197 tons; decrease as compared with 1,964 tons. Pennsylvania Railroad-week, tons; year, 37,808 tons; decrease as com with 1880, 3,007 tons. The Reading Ra coal shipments for last week, ending Mar wers 93.000 tons, of which 22,268 tons wer to Port Richmond and 18,084 tons shipped t and 6,303 tons were sent to Elizabethpa 11.674 tcns shipped thence.-[Phia. L March 28. A map of the Brooklyn, Fort Hamilto Coney Island Railroad has been filed in the ister's Office, Brooklyn. The route is in the of New Utrecht, beginning at the city Sixty-fourth st. and Third-ave., and ext alorg Third-ave, and Lexington-ave., throu village of Fort Hamilton to the New You Brighton Beach Road, with which It corne $1,926,806 36 Mill-lane, near the village of Batb. It will 2,187,051 07 communication from South Brooklyn and Hamilton to Brighton Beach, and will do: ran in counection with the steam tran dummy engines, now in Third-ave. from T fourth-st. to Fort Hamilton. -1880 The leading coal carrying companies make the At a meeting of the stockholders of the i following reports of their tonnage for the week ending March 19, and for the year to the same lo, Pittsburg and Western Railway Company date, compared with their respective amounts car-is Philadelphia on the 28th ult., a new mor ried to the same time last year : of $7,500,000 was authorized. About four Week. 1881. 1880. of the entire stock was represented, and vo Reading Railroad...142,661 1,988.870 1,820,894 favor of the project. The old bonds, amor Schuylkill Canal.... 38,041 to $4,060,000, are to be taken up, and the re Tons of coal on railroad. 566,421.05 1,578,750.01 Lehigh Valley.......166,266 1,526,990 1,140,392 Tons of merchandise....410,650.05 1.289,490.10 Del., Lack. & Western, 81,331 der of the proceeds of the mortgage bond 864,982 683,106 Passengers carried.. .638,970 2,145,085 Shamokin Valley.... 18,540 199 272 168.212 be devoted to the construction of new lin Coal transp. by steam colCentral New Jersey. 90,584 814,899 611,058 other improvements. Work on the extensic 109,587.00 United R. R. of New Jersey. 34,375 666,619.01 Pennsylvania Coal .. 18,738 811,925.01 Delaware and Hudson 76,099 €55 860 The directors of the Hastingdon and B Huotioydon & Broad Top Mt.......... 11,635 96,801 93.733 Top Mountain Railroad Company have decid Penn, and New York. 33,359 371.268 329,124 fund the overdne issue on the $1,500,000 cor Clearfield, Pa....... 56,098 418,845 327,205 dated seven per cent bonds by the issue the The total tonnage of anthracite coal from ali of new stock in the proportion of two-thirds the regions for the week ending March 19, as re ported by the several carrying companies, amount-ferred to one-third common, including the i Years to date ed to 520,319 tons, against 301,204 tons in the est due April 1. The holders of these cOLE $3,737,667 60 corresponding week last year, an increase of 219.- ated bonds have consented to a reduction of 28,609 56 115 tons. The total amount of anthracite mined interest from 7 to 5 per cent, and the com 189,972 26 for the year is 5,397,865 tons, against 4,073,025 tons for the same period last year, an increase of hopes to pay the fixed charges regularly in 22,068 63 1,324,840 tons. The quantity of bituminons coal future. sent to market for the week amounted to 103,362 tons, against 32 220 tons in corresponding week The cable steamers Dacia and Internati last year, an increase of 71,142 tons. The total will begin laying from Vera Cruz, Mexico, amount of bituminons mined for the year is 883, first section of the Central and South Amer 504 tons, against 773,700 tons for the correspondcable southward to Tehuantepec. When ing period last year an increase of 109,801 tons. The total tonnage of all kinds of coal for the bave completed this work they will retard week is 623,681 tons, against 333,424 tons in England and take on the cable to be laid on 1,506,517.09 corresponding week last year, an increase of 290,- Pacific coast from Callao, Pero, to the Tehu 1,376,312.05 257 tons, and the total tonnage for the coal year 2,107,527 Richmond coal .... .... 37,307.00 127,389.00 is 6,281,366 tons, against 4,846,725 tons to same tepec isthmus via Panama, Costa Rica, Nicara date last year, an increase of 1,434,644 tons. The and Guatemala. quantity of coal and coke carried over the Pennsylvania Railroad for the week ending March 19th It is stated that when the lease of the Hopk 721,922.17 was 197,216 tons, of which 145,800 tons 234,394.11 coal and 51 416 tons coke. The total tonnage the Providence and Worcester, the present less were ton Railroad expires it will not be renewed coke carried over the road, east and west. The a charter for the Danville and Haw River Ra 956,317.08 shipments of bituminous coal from the mines of road Company. |