The Wabash Railway in Canada.

The agreement under which the Wabash Ry. operates over the G.T.R. Air Line Division will expire Jan. 24, 1919. This covers the G.T.R. line and ferries from Detroit, Mich., to Black Rock, N.Y., and the line from Welland Jct. to Suspension Bridge, Ont., which are used under a joint operating agreement. The rental provided for was $275,000 a year for the five years ended Mar. 1, 1903; $300,000 a year for the five years ended Mar. 1, 1908; $325,000 a year for the five years ended Mar. 1, 1913; and $350,000 a year for the remaining period of the lease. The Wabash has also to pay its proportionate share of the cost of maintenance and operation. This a report says is calculated on a wheelage basis, representing 70% of the traffic and works out at approximately $100,000 a month. The Wabash does a local, as well as a through, freight and passenger business over the route, the G.T.R. only operating a few local trains mainly in connection with the branch lines, connecting with the main G. T. R. system.

One press report states that the Wabash will, on the expiration of the lease, abandon the Canadian field, and make a contract for its U.S. business with another U.S. company, while another report states that the Wabash will buy the Air Line from the G.T.R. and become an owning as well as an operating railway in Canada.

We are officially advised in regard to the foregoing that negotiations respecting a renewal of the lease are pending.

Railways: G.T.Ry., Wab.Rd.

Stations: Black Rock, NY

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