Present day intersection: https://maps.google.com/maps?q=elizabeth,+nj&hl=en&ll=40.667595,-74.214926&spn=0.00101,0.003484&sll=40.735657,-74.172367&sspn=0.201613,0.445976&t=h&hnear=elizabeth,+union,+new+jersey&z=19&layer=c&cbll=40.667722,-74.214852&panoid=-856---u3__ozlhqf_xnfw&cbp=12,259.87,,0,-1.94

Probably "The Broker," the only revenue steam in that going through Elizabeth in this time frame having left Jersey City on it's way the New York & Long Branch and Bay Head Junction.