The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-11-20
STOCK MARKET ON A BASIS
OF RESTORED PUBLIC CONFIDENCE
Business Nearly as Heavy as 1t Was During the
Boom Period Of 99-o2
BY w. G. NICHOLAS.

served or enforced. The stock has
been traded in on the Exchange for
many years and enjoys an immunity
in the matter of fiscal reports given
to no other corporation. This is be-
cause il has always been a good gam
bling stock and also because Have
meyer has on many occasions told the
Stock Exchange biuntly and brutalIv
that it could go to hades, and that
under no circumstances would he re-
veal the inner operations of his trust.
Playing a CrOss-Purpose Game,
A curious game of cross purposes is
being played in the Nashville. Chatta,-
nooga and St. Louis minority stock.
The Louisville and Nashville holds in
its treasury about 100000 of the
$1OO0O,00O issue, and it is well known
would like to get hold of the entire
amount. A plan has long been pend
ing to exchange Louisville and Nash
Vile stock for that of the subsidiary
company but before doing this the
larger corporation would like to land
in its treasury as much of the out
standing 10000 shares as can be Sc
cured. To that end studied policy
has been pursued of belittling the
earnings of the lesser line Only last
year over $1.OO0.000 of the earnings
WIZ AAANSSbSO IA liCW pTOpSTLY.
to have added 10 per cent. to the divi-
dends. This little road earns about 25
per cent. on it's stock, and on that
basis as well as on that of capitaliza-
ton Chattanooga stock is worth 81 to
81 of Louisville and Nashville, yet the
market quotations for the shares run
along very close together. The ruling
insiders are dragging the play along
in order to tire out little and stubborn
Ia h4rf sx,k1 e
curities is not very soon brought about
another Pan Handle campaign on
small scale will be organized, and the
Louisville and Nashville party will be
obliged to show it's hand in the open.
Some day Chattanooga may jump $50
share in market price.
Keeping An Eye on Flint.
The people down in the Wall street
district compose only a small fraction
of those who are watching Charles r.
Flint with excited interest. Mr.. Flint
is one of the most picturesque char
acters on the stage of finance and
trade. He is International. He pros
pers most and feels best when the rest
of the world is at war. The chief
theater of his activities has been in
the West Indies and South America,
where he is regarded as about the big
gest thing on the map. He has had
his finger in every South American
embroglio in the last twenty years.
His speciality is acting as broker be-
tween countries at war with one an
other. He is at the present moment
scheming to sell to Russia five battle
ships owned by Argentine and Chilli
When these two nations were pulled
from each others threats they agreed
to a disarmament, which included the
abandonment of two warships by Ar
gentine and three by Chilli, and Flint
was given the commission to dispose
OF the vessels. Russia for months has
been trying to get hold of these war
machines, and the money for their pur-
chase has long been on deposit in
Paris.
1t being a rank violation of every
treaty ever written for a neutral ma
ton to transfer that kind of material
to belligerent nation, an embarrass-
ing situation confronted Mr.. Flint
which he thus far has been unable to
circumVent. Some years ago he was
caught red-handed in the act of dis
posing of ships of war through the
subterfuge of an Intermediary nation
that had no standing of any sort His
present position being generally I'M
derstood, every foreign Office has its
eye on him and has every agency en-
ployed 10 thWart his efforts to get rid
of the contraband property on his
hands. The belief prevails, however,
that he has found a way to work off
the battleships and that the deal has
been practically contaminated despite
the very vigorous efforts of the Jap
anese government. Flint's representa-
tive has sailed for South America and
there is an air Of expectancy about rs
Broad street. which is Mr.. Flint's
headquarters. If the deal is put
through successfully Mr.. Flint will re-
alize a commission of between $1,000
900 and 100000, a prize big enough
to stimulate his alert brain to its ut
termost capacity.
The White Hot Sc Program.
An inspired editorial appeared In the