The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-04-02
Raj, ROAD ||S !.
LOOKS FOR RISE
In 500 STOCKS
go
MAN WHO MADE 100000 CON
CANADIAN PACIFIC.
He Says 500 Need Never Fear a Re-
ceivership-Predicts an Enormous
Traffic for the Canadian Pacific
With Return of Spring.
Special to The Journal.

Special to The Journal
New ork, April 2.-There are signs
Of returning activity in the stocks of
Canadian Pacific and 500 line. A
prominent speculator here, an ex-
congressman of wealth and power,w
is credited with having made over
100000 on the rise in Canadian Pa
cific to Las, has told his friends that
the stock has seen its low price for
the year. He points to the fact that
on the, terrible statement for, Feb
ruary the stock actually advanced. He
figures that the March statement is
also going. to be very bad but that
the stock will be above 120 by the
time it. is published. - sss4e "a 49, f.. r
He says that for April and May the
record of this road will be something
phenomenal in gross and pretty heavy
in net. He has been telling a story
about the piles of freight in the Tor
onto and Montreal sheds, to: the eff
feet that: the road has had to lease
additional warehouses near the ter
minals to accomm odate the surplus.
On this story he bases a guess that
the tonnage moving as soon as the
lines are clear is going to break all
records. Sd. 49, Z 81. ST.. Z,
To begin with, he became bullish
on 500 line common. He says that
the good record of this road to date,
it having maintained it's surplus as
compared with last year, practically
assures continuance of the dividend
Indefinitely. He also makes much Of
the ease with which the new con-
struction was financed at a time when
all other roads were hustling for cash.
In this connection he boorns 500 line
in much the following terms: -.
$500 line need never fear. a re-
Ownership. That, is worth thinking
about. It has "a small funded debt,
and it is all guaranteed by Canadian
stocks you can put away all fear Of
assessments. From this standpoint it
is safer than any other stock in the
| United States except the guaranteed
| stocks. Il. 80 -, -.
Moreover the debt is so small that
| it will never again have to- call on
the guarantor for interest. This win
| ter proves it.. At a time when Cana
dian Pacific itself, Rock Island Erie
and half a dozen other big roads failed
to earn. their charges, 500 line earned
| it's preferred dividends. Just look up
| the figures of these roads for January
and February and prove that. Yet
every mile of 500 line is in the storm
belt. 1t could not do that unless 1t
had good permanent business. -.
| Nov Mr.. Lowry. has announced
|
tension northWard has been done; that
the money is in hand; that no floating
debt has been incurred. I can &C
further than that and tell you that
it was true that the road loaned
money here at a time when Union
Pacific and Pennsylvania were Dor
rowing it on s per cent notes. You
had at one time the spectacle Of this
road and Canadian Pacific lending its
| q, In q II Sfraot call ro1 firoae
when the best and strongest. roads ir
the union were borrowing-and Dor.
rowing in a hurry at high rates. - q
Eyes, I am as certain that these
stocks are going UP as I was two years
ago. T had a lot of Canadian Pa.
cific when it went from 112 to 145..'
This conversation IS one of the
signs Of spring and Of the spring
boom in stocks. The gentleman ir
question has guessed wrong some.
times, but he says he never has or
Canadian: Pacific stocks. - To-