Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-17
BULLS AND BEARS
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. October 17-An analysis of.
the Rock Island report shows that there
was available for dividends 631 per cent
as compared with s.a9 per cent during the
previous year. In his report to the stock
holders President B. L. Winchell explains
anat the decrease In gross earnings OF 2
per cent was the result of falling off of AS
per cent In freight earnings partly offset
oy increase in passenger and other earn
tngs. The heavy decreases were in grain
flour. live stock, bitumiuous coal, coke
products of the forest and merchandise
The loss in grain tonnage was In conse-
quence of the very light wheat crop In
Kansas and oklahoma. which was the Inn
mediate cause of the decrease in -four tom
mage and the indirect cause of losses in
other commodities. The mileage of the
system now under construction aggregates
SO. 10 miles. of which 3o4. Al miles are under
construction by the st. Louis, Kansas City
and Colorado Railway Company and the
Kansas City Rock Island Railway Company
from Kansas City, Mo-, with spurs and
1870 miles by the Little Rock and South
ern Railway Company from Traskwood
Park to Eldorado Park and Crossette, and
in Arkansas.
Industries and the construction of or addi-
ton to 124 sidetracks to private Industries.
A number of coal spurs and extensions
were constructed. The future coal supply
of the company has been safeguarded by
the acquisition of the Consolidated Indiana
Coal Company. owning valuable coal prop
critics on the lines of the Evansville and
Terre Haute railroad, the Chicago and
Eastern Illinois railroad and the lines of
the Rock Island system in Dallas county.
Iowa.
The changes in the directorate of the
Colorado Fuel and Iron Company did not
come as a surprise to Wall street. For
some time there have been rumors of a
change in the board, but it was not known
until the annual meeting how radical the
change was to lie. The election of four
representatives regarded as friendly to the
Gold interests in place of John D. Rookie
Teller. IT,. e. ParInlee Prentice, F. T. Gates
and Starr ]. Murphy is commented upon
by an officer Of the company follows:
There Is no friction between Messrs. Gould
and Rockefeller. The feeling between them
Is as friendly as ever. The Rockefeller in
terest retire for business reasons"
The report Of President F. j. Hearne for
the year ended June 30 was submitted, and
shows the largest tonnage of coal ever pro-
duced by the ompany. The value and ex-
tent of the various mining properties of the
company were reported to be steadily in
creasing The gross earnings from opera
ton for the fiscal year ended June 80 are
shown by the report to be $1S,6l5,017, an
increase of Sc. 763. 6S7, compared with
those of the preceding year. The net earn
ings carried to the credit of income account
were s1,474,1 1893 an increase of 81 .306,378.
The total net cummings from all sources
amounted to $1.922.047. After the payment
of all fixed charges and sinking funds there
is deficit Of $3I1. 922 carried to the debit
of profit and loss.
y
Reports from Winnipeg say that one of
the largest real estate deals in the history
Of Winnipeg, so far as railways are con-
cerned, Is on the eve of coIHummation. The
project involves the location Of terminals
for the Great Northern and Northern Pa
cific lines in the heart of the city, the sta
ton to be only one block from the city
hall. The terminal site Is to be located on
the northwest corner of Ross avenue and
Ellen street. Property has been purchased
along the north side of Ross avenue from
the city limits to Princess street. In the
majority Of cases sums considerably in ex-
cess Of value have been paid, the purchaser
being emphatic on the point that the SELL
ers should retain no mortgages.
For the purpose Of inducing the sellers
to hand over clear title cash was paid
with a bonus of 20 per cent on the price.
1t is estimated that the right OF way from
Canadian. Pacific, coming south. till 1t
reaches the terminal site designated, has
been secured at less than s10OO.O0O. Prop:
erty which was bought year ago for $15,-
600 by the Vulcan iron works was pur-
chased by the railway interests for $4,000.
Reports from Philadelphia state that one
of the largest orders ever placed by the
Pennsylvania system is under contempla-
ton. Something like 500 locomotives and
1900 cars are involved. The locomotives
will be constructed by two or three con-
Germs, part of them In the shops Of the
road ITSELF
Concerning the congestion on western
roads which Is universally complained of,
the recent pamphlet by H. v. Jones con-
corning the effect of the big corn crop Is
of unusual interest: 1.-The western railroads
are already taxed to their capacity. While
rolling stock purchases have been large for
two or three years, the roads are not able
to move promptly the tonnage Offering
Fully one-fifth of northwest grain elevator
capacity is already filled by early market
ings and wheat deliveries by farmers at
such points are being refused for the pres
ent. The northwest range cattle movement
will continue for thirty days at the expense
of wheat. Hence, the maximum wheat
movement in the northwest will not be
ready before November. 1t is not easy to
over-estimate the tonnage pressing upon
western trunk lines for the coming twelve
months.
1T is an era of prosperity for the farmer
and, in turn, of the country. Money is
abundant throughout the west Western
jobbers report good fall demand for all lines,
with tendency to purchase other than
staples. which Is Indicative Of ability
among the people to buy the smaller lux
uries that contribute to farm comfort.
THE telephone and the daily paper are
going into the homes of the people in the
far west and the producer is posting himself
on markets as never before Western pas
senger traffic has broken all records. The
people have money to spend for travel. and