Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-23
BULLS AND BEARS

NEW YORK, June al. p. Morgan &
Co.. and Clark. Dodge & Co.. are today Of
fering to investors, at 106 and accrued In
terest. $23,SJ9,OO0 of per cent mortgage
bonds OF the Illinois division of the Chi
cago. Burlington and Quincy Railroad Com
pany. The bonds are due on July !. 1949.
and interest is payable semi-annually
These bonds are the balance OF an issue OF
$sS, 000. 600. of which $50, S35, 600 has already
been issued as 3h per cent bonds, and
$1O,308.0O0 as per cent bonds. They are
subject to retirement as whole. but not
In part. at 1O5 and accrued interest on any
interest date after July 1, 1929. upon six
months notice. They are issued to retire
900 of consolidated mortgage bonds,
which matured in 1908 and were extended
to July I. 1905. and for various corporate
purposes. In this connection 1t Is signif-
cant that at the meeting Of the Chicago.
burlington and Quincy railroad and rail-
way companies in Chicago yesterday the
Hartman interests were dropped from each
board OF directors.
., FROM ST. Louis comes the report that
twenty important car manufacturing COM
panies In this country are merging, with q
combined capital Of $50. OOO, 600. The list In
Guides the st. Louis Car Company Of st.
LOUIS, the American Car Company, st.
Louis; the Newark Car Company of New
ark. N. j.: the Niles Car Company of Niles,
OHIO; the Cleveland Car Company of Cleve-
1 Ia3 the Cummings Car Company Of Paris,
III; the cincinnati Car Company Of Cincin-
nati; the Brill Car Company Of Philadel-
phia; the Stevenson Car Company of Eliza
beth, NJ j.; the WATSON Manufacturing
company OF Springfield. Mass; the Bradley
company OF Newburyport, Mass; Jones &
20. OF Troy. N. Y; Beckham Manufacture
ing Company of Kingston, ~ Y: Nc
G end e., notwithstanding Company of Chicago
n. II. President George j. Kobusch of the
o. ~. LOUIS Lar Company has been prominent
IN conducting the negotiations, and it is
expected that the consolidation will be
perfected before July 1.
All obstacles to the Erie railroad s. 900 600
terminal improvements in Jersey CITY have
straa. removed by the authorities. as the
street and water board has passed a reso
lution Vacating dozen city thoroughfares
whicn hitherto have existed on paper only
me city also gives the Erie the right to
'-"Ae an open cut through Bergen HILL
The American Car and Foundry cor,
pany. according to the Railroad Gazetta
mas received an order from the Panama
twaiv eau oaS company for six passenger cars,
human uiIInan company has received an order
from the Chicago, Rock Island and paciic
I is way Tor thirty-four passenger cars. It
western Railway Company has ordered
oU refrigerator cars. It is r,lmored that
me 81. Louis and San Francisco Railroad
C 10 rn ny mas ordered 500 steel hopper coal
Eats Eats. Inc Merchants Dispatch Transpor-
tation company will build 125 refriperator
cars at it's Dispatch shops.
me Atchfson, Topeka and Santa Fe Rail-
way Company, 1t Is said, has ordered fIftv
addit1onal refrigerator cars The Chilian
Electric Tramway Company of Chill are
reported to have ordered ten doubIe-deck
ears S me american Locomotive Company
mas received an order from the Butte Ana
conda and Pacific Railway Company for
Two compound locomotives It is reported
tnat the Michigan Central Railroad Com
pany mas ordered several heavy compound
freight locomotives from the LOCOMOTIVES
and Machine Works Company of Montreal
The Missouri, Kansas and Texas Railway
T ION p,I mas ordered thirty locomotives.
he chicago. Burlington and Quincy Rail-
road Company has ordered ten Atlantic
type locomotives.
Kean. Van Cortland & Co. announce that
they have bought the Az per cent bonds Of
the Detroit United Railways, due 1899. is
sued to replace the bonds Of the Detroit
CITIZENS CIT ems street ,do Railway Company: matur-
first consolidated mortgage 5 per cent ten
year bonds will be paid at the Guaranty
trust Company; but holders Of the old
bonds may exchange them for the new
bonds under certain conditions
X
New interpretations are noted as follows:
With eapita Of P Which
$2s5O0.OOO Is per cent cumulative pre-
ferred stock and $5.OOO,0 900 common stock;
the Compania Guayulera Mexicana. with
an authorized capital of $4,000, oO0 to ex-
tract gum from trees and plants for rub
ber,5 at Dover, Del: Trolley Electric Vehi-
Gle Company of America, to carry persons,
freight and express, capital 81 100000.
y
Wall street news agency makes the
following compilations of railroad earn
ings with comparisons of the correspond
Ing period last year, showing increases in
every case: For the fourth week of May
the gross earnings of forty-fve railroads
aggregated S11,977,99S, an increase Of
$1.23s,31S. or 11.53 per cent; for May the
gross earnings Of sixty-two railroads ag-
gregated 500, 901. 757, an increase of &c. 42S,-
1872 or 1912 per cent; for the first week Of
June the gross earnings Of forty railroads
aggregated $7459. 425, an increase Of 1885,
DOB. or 5.44 per cent; for the second week
of June the gross earnings of twenty-five
railroads aggregated $6.O9S, 1854. an increase
of 1924 979 or 5.64 per cent; from July l to
June IA the gross earnings of twenty-five
railroads aggregated $303, 635, 528, against
$3.50, 3O4, 1862 in the corresponding period
last year. an increase Of $1S,330,G 66, or 6.32
per cent