The times., 1901-06-24

at the meeting of the directors on Friday
new president would be chosen for the
Lake Shore. The name most frequently
mentioned for this office was thHt OF
President Coniff. of the Nickel Plate. 1t
was contrary TO general expectation,
therefore when il was announced that
the directors of the Lake Shore had re-
elected Mr.. Newman as its president. me
plan to have one officer at the head OF the
New York Central and the allied Wander
bit lines, II is said. Will place the local
management of each constituent line In
the hands Of vice president In the
evolution Of this scheme an additional
vice president was elected for the Lake
Shore. He is w. &. Brown, formerly gen
eral manager of the Chicago, Burlington
ard Quincy Railroad. Mr.. Brown VIII be
both vice president and general manager
of the Lake Shore and Michigan Southern
and the Lake Erie and Western Rail
roads This plan of concentration will be
put into execution. II Is understood, 10y
dt grees. When a high official Of the Cen
tral was asked when the Michigan Cen
tral would also have the president of the
Central as it's head he answered: THAT
is long way ahead yet
William G. Hopper made a very good
point when he called attention TO the fact
that the st. Louis and san Francisco IS
the FIRST of the rcOrganized railroads that
has paid the fun dividend TO which the
preferred is entitled for two consecutive
years since the company was rccrganized
This Is the beginning of a new era since
TO undergo the process Of reorganization
Times of prosperity have been continuous.
ami now the common stocks Of such roads
as the Frisco are getting into shape where
they can look forward 10 a dividend. An
npuuCVmcut of the end OF the Vot-
iNs trust Of the St Louis and san Fran
cisco Railroad Company is contained in
a motto" by the voting trustees that on
July ucNt the company having then
paid Tor two consecutive years per
cent cash dividend on it's first preferred
lFli Ia -
stock trust certificates outstanding proper
certificates FOR the capital stock OF the
company.
The tipstcrs ten the story of Minneap-
oils and st Louis in this way: The
Minneapolis anu St Louis Will be leased
by the Illinois Central or the Rock ISL
and. and the shareholders viii he given
n guarantee of per cent: besides there
VIII he rights that will be worth at least
SIS per share. through an issue OF new
right to subscribe at 15
Brooklyn Rapid Transit has many
friends nowadays. The insiders are not
giving out the fanciful stories that flooded
the streets In the days of the Flower cam
paign. What one hears seems allied to
common sense. The road is being oper-
ated in better shape than ever it was.
Messrs Hartman, Brady, and Porter are
giving II their personal attention, and
mean to effect all the economies that may
be exacted without injuring the efficiency
of the service. For a long pull there is
probably greater profit in Brooklyn than
in any of the other traction stocks. At the
same time it should not be bought on the
"bulges."
Tho same people who have been active
in Brooklyn Transit also are figuring in
the active market for Peoples Gas. That
stock has had the steadiest rise of any
OF the active issues during the past week.
The buying in il looks excellent, and the
fact that the quotation has advanced
moderately on comparatively small busi-
ness gives the impression that some one