Evening star. [volume] (Washington, D.C.) 1854-1972, 1880-06-08
AS to the Deadwood lines. there is not business
al present for one stage line. They are build
ing these roads ten years ahead OF the popula-


AS to the Deadwood lines. there is not business
at present for one stage line. They are build-
ton.
Chicago, St Paul and Minneapolis is another
given to themselves, and now being sold to the
public. The Lake Shore Railroad will pay four
per cent next dividend. Extraordinary state
meDts are made about their earnings; but their
average earnings per annum for the last six
years is less than four per cent. This is the
first time In several years that they have in
creased their bonded debt. Louisville and Nash
That one-half OF what it is to-day. Nashville
and Chattanooga is Gift enterprise from the
O1f1cers OF the road to the lambs that will buy
1t. The New York Elevated road and the Man
haitian Elevated road are also gift enterprises
remember that Vanderbilt bought his Michigan
central at from So to so, and has been feeding
me lambs with 1t at from so to 30. New York,
Ontario and Western is one of Uncle Sam Til.
QenS reorganization, called by another name
Union Pacific Will continue to pay its dividends
SO long as the mining fever lasts in the Rocky
S0T:-How about the coal stock?
MI. Hdtch:-The expose OF Mr.. Governs In
competency as manager of a great property
is certainly very serious black eye to all coal
property, taking into account the collapse in
the iron business. This, perhaps, does not so
fully apply to New Jersey Central as it does to
all the other coal property, as they are not as
dependent upon coal business for their income
as other coal roads. What the coal properties
need is economical and honest management
com bined. The outcome of this iron business Is
yet to be decided. 1t is undeniably the fact that
you can import steel rails from England, paying
SIS duty, at S55 per ton. guaranteed to last
twelve years on any service they may be put
TO. and Still paying the English manufacturer
This is shown by Vanderbilt's purchase some
months since, at S5l, with a guarantee for
twelve years Of any service he chose, instead of
from S45 to $41 in this country. without the
guarantee.
NEW JERSEY CENTRAL
is morfgaged very heavily. Their fixed charge
is, as remember, about s254. 600 a mile. Ole
thing is certain: there can be no dividends on
any of the coal roads this year, but with a large
passenger traffic on the New Jersey Central it
is possible for that road to pull through.
WESTERN UNION
stands IN, With all their mortgages, and At
lant1c and Pacific, about sixty millions OF dol
lars at par. The American Union Is being COZ.
structed very rapidly. on cash basis, aud the
western Union will find them very different
competitors for the business than the Atlantic
and Pacific was seven to ten years ago. Every
mile CT wire and poles, and the property that
they own, can and viii be rapidly duplicated at
an early day for less than six millions Ifpeo-
pie are buying Western Union expecting con-
tinuation OF dividends they may be fearfully
disappointed.
WABASH AND PACIFIC
IS what term consolidated Omelette OF sew
efal rotten and worthless lines placed In one
ard called by another name. They increased
tLefr bonded debt to fifty millions, which, un-
derstaHd. they Lave not sold. Those investors
who think that the four per cent government
bonds pay too low interest are now invited to
come forward AID put their money up for these
securities. They will probably pay dividend
On the preferred stock, even If Mr.. Sage has TO
lend the money. There Is one thing that should
be borne In mind: that Mr.. Gould and his asso-
ciates do not manufacture stocks to buy, but to
SELL Keep before you continually exports and
imports; and recollect that our imports are two
hundred M ~ mill fl,an
were On corresponding dates.
PACIFIC NAIL
RepOTfer:-HOW about Pacific Mall? Haven't
that STOCK.
Nj. Hatch:-Pacifc Mail has value. It's
Wall street value is yet to be decided by the
willing to buy or sell it; and being little timtd.
l am waiting to get their opinion before / eX-
press my own at any great length. The COM
psny needs new steamers, and If the present
board of directors keep the contract and the
wars in South America should end, and they
provide for additional facilities to do business
south OF Panama as well as Central America,
You can rely upon it that the stock will fluctu-
ate. If Congress would do for us one-half what
the English and French governments do for
their merchant marine and their commerce
pacinc Mail VIII In some future day be valuable
Vandero1lt's seventy-flve millions of govern
ment bonds, sold to honest investors either
here or In Europe, and that money put back.
date future OF stock speculation in Wall street?
AJ'. Hdtch:-1t is brokers' Market and Ger
tain to f1Uctuate until we know the crops in
Europe. Then look for the mending of the boom
On very large decline Bear In mind, how
ever, that VIM. H. Vanderbilt will not buy back
his stocks unless he buys them at good roun1
pront. He is good waiter, as is shown In his
management OF the estate left by the old Com
modOre.
THE OTHER SIDE.
Now. the other side OF this question is that a
majority OF our railroads are in better condition
o than ever before The Pennsylvania Central Is
PROBABLY the great perfect road of this country
and the Baltimore and Ohio may come next.
THESE are the short lines from the Seaboard to
the farms and producing sections of the west,
and have not as much water in them as the
New YORK Central. Erie is in a greatly
improved condition. People are travelling,
buying and selling. The whole nation Is
a nation OF SPECTATORS. But for the life of me
can't see any very material advance in the Sc
cur1t1es so prevalent on the New Stock Ex-
change at the present time, especially the new
ones. Mr.. Fink is a clerk to Mr.. Vanderbilt
first, and OF the trunk lines afterwards and if
necessary for these insiders to break the mar
ket. you will will see Mr.. Fink lower his tariff to
point to pass dividends on the trunk lines all
around the horizon, until Vanderbilt brings
back the securities he has been selling.
ii there is anything else you wish my opinion
about. shall be happy to give it to you ei-
pecially If know nothing about the subject.
The STAR reporter replied in the negative,
and the interview terminated.