The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-01-25
HEARD In WALL STREET
AToHLSoN's COMMON STOCK IN
CREASED TO $152, 600, 600.

Increase of soO,OOO,OOO Voted Yesterday
No Opposition-AlIeged Strong
Backing of Erie-Hide and Leather's
Dividend-U. S. steers Net for Quar-
ter s2O,OOO,OOO 1t is said-Interbor-
Ough at 20O--Ice Shares.
A press dispatch last evening from
Topeka, Kan, says.
Practically no opposition was mani
tested here to-day at the meeting of
the stockholders of the Atchison, To-
peka G. Santa Fe railway company to
the proposition of increasing the COM
mon stock of the company, and issu-
ing $5O,OOO,00O convertible bonds. The
only opposition was expressed by the
proxies of small number of holders of
the stock. Over three-fourths of the
shares of the stock of the company, or
$500 shares of the preferred and S73,-
Ol8 shares of. the common, aggregating
a total of 1,699,220 shares, were voted
in favor of the proposition. The COM
mon stock of the company is thereby
increased from s102, 100000 to $152, 0OO,-
600. >> D. -
The purchasers of the $5O,00O,000 OF
bonds which bear four per cent interest
wall be allowed the privilege of con-
verting the bonds into common stock at
any time. The money realized from the
sale of the bonds will have to be used
solely in building or acquiring actually
new and additional mileage or property.
Work on existing lines is taken out of
a separate account.
Ice shares fell off under speculative
pressure on talk of small crop and
an open winter. Yet the ice men claim
that that sort of winter helps the ice
company. because it can get all the ice
it needs up north, which its puny rivals
cannot.
The weakness in Rock Island yester-
day is attributed to the liquidation of
a weak bull account without inside
support.
Strong interests, it is said, were again
buying the Fries yesterday. The street
has faith in the report that big financial
interests have great confidence in Fries
future, especially in view Of the big
improvements in the property which
are contemplated.
Albert Loeb & Co. and J. S. Bache &
Co. were the principal buyers of the
American Smelling and Refining stocks,
both of which rose sharply. The pre-
ferred sold at the highest price on rec
ord. The plans for the absorption of
the Gugenheim Exploration company
were said to be nearing completion.
PETERBOROUGH stock ignored the strike
talk by raising four points, to 200. At
200 Interborough is estimated to have
returned the original investor in the
Rapid Transit Construction company,
who exchanged his shares for the pres
ent stock, a profit of about 165 per cent.
The early rise in American Hide and
Leather preferred was explained when
the directors declared an initial divi-
| dend of l per cent. quarterly, payable
on February Is. The stock promptly
dropped two points on an attempt to
| take profit on the good, news. Henry
Seligman was elected d director of the
| company.
! From alleged official quarters the net
earnings of U. S. Steel for the current
quarter will be $20,OO0OOO; and that the
total net for the year will approximate
ST., O0G GOO.
A Wan street broker, who has been
very active in Japanese bonds, said
yesterday that they were being distrib-
uted from Maine to California in $500
to 100000 lots" The investment de-
mand since the fall of Port Arthur has
been very heavy.