The evening world., 1905-10-24

TUESDAY, Oct. z.

TUESDAY, Oct "a
Tammany politicians have been hsavl
sellers Of Brooklyn Rapid Transit ans
Metropolitan stocks the past two OF
three days Several quite large ac'
counts In Brooklyn Rapid Transit wera
hqu!d&'ed by these local politicians TO-
day. "Tlis Is merely prJat.taking, do.
clare tho brokers "h1 are closing out The
/ polhco-sp speculative accounts. Some OF
the room traders think that they know
better however They have two theor-
les. One Is that the Tammany states
men need the money TO pay election ex-
penses and make bets The other theory
Is that the Tammany men fear the de-
feat OF their municipal ticket and con
sequent raid on the local fractions IN
tie stock market. Whatever their rea.
sons may be these politicians unQuee
tionably have chosen good time 10
reap prohts from their speculative ven-
lures About 1900 shares OF Brooklyn
Rapid Transit opme out from the po.
li,iCal pools early in the day.
A purely speculative element has en-
tered into the trading In Pennsylvania
Railroad shares With a probability
that the Norfolk & Western dividend
will be advanced small spcculators are
buying Pennsylvania stock In rthe hope
Of making a 2 or 8 per cent profit John
" Gates was conspicuous worker In
the PENNSYLVANIA group to-day the firm
In which ne is specIa partner taking
1000 shares very son after the market
opened. Jacob Field and other active
Stock Exchange operators sold Pennsyl-
vania at an advance Of per cent. over
yesterdays closing price Field and his
associates also took profits on several
lots Of Southern Pacific, which they
have been carrying for week or more,
E. Il. Hartman influence was felt
IN more than one way in the course
Of the days trading, Illinois Central
was advanced sharply on the senior
hcial statement that as soon as ME-
Hartman reaches THIS city arrange
ngnts for placing ohe Illinois Central
uudor the contro, OF Union Pacific Will
be completed southern Pacific was sold
heavily on reports that Mr.. Hartman $
homecoming VIII be followed specify
by an o.floal declaration that there will
be no southern PaciAc dividend iois
year with regard to the Illinois Cen
-1l story wall street learned from
"E-ol aut orlty" taat the Union Pa
cac will pay for rae Illinois Central
stock IN per cent bonds and at the
rate Of 500 per share,
The further advance In the price Of
Delaware & Hudson re'pened the we'll
worn bulge, OF rlnofs regarding a
change Of control. The character oi
the buying, It was poIrted out was OF
too substantial a nature 20 be mere
stock market manipulation. lniererts
with large resources must be acquiring
this stock O, the ruling high prices. II
vas argued, and The old-tlme theory
that the D. & Y. Is TO beo-me Iari Of
the New York Central system found
many believers. In some quarters the
idea prevailed that insiders were buying
the floating stock In expectation Of a
large extra dividend The earnings Of
the company for the current year viii
amount TO abou. o per cent pt the cap
ral stock and persons connected with
the management say that here is
tangible 70 per cent. more ln the COM
ranys orc Lands.
Invesug tIon of the story telCgraphol
from Denver that George J, Gould hai
organized the Globe Express Company
for the purpose Of monopolizng the
express business on the Gould rail-
roads disclosed the fact that this par
tcuar express company was organized
by Mr. Gould about ten years ago. This
corporation has existed up to the pres
ent time chiefly on paper. II secured
the right TO operate the express bust
ness on Goulds Rio Grande Western
Railroad but suDlet 1t to the Wells
Fargo Company MI Gould now pro.
poses to put life into his own company
In order to install Its service on his
new Western Pacific Railroad as well
as on the lues Of the Denver and Rio
Grande system, President Jercry Of
the last named system, was yesterday
elected a director OF the Globe Express
Company
A co-drector and personal rcpre-
sentative Of James J, Hill sad to-day
that Ne took no stock in the reports
from the West Of prospective extern
sons u the Burlington system, Ac-
cordng to current rum0rs Mr. HIll Is
planning to add about 1000 miles Of
new limo 10 the Burlington system MI
Hnls New York representative said
that ne know Of no reason why such
eAtulVorS should be made, adding.
Tho Burlington system already has
nearly 300 miles Of lines which gr'dir n!
SIX OF seven States. ] do Mt believe that
am aggressive policy Of extension Is !
OF course, II the St. /
Paul builds some new lines. /, may be
necessary for Burlington 10 build in /
order to protect Itself. l have no ex-
~ ctatio however, that >, PAM Is &C.
,ng to build right away"