Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-19
BULLS AND BEARS

NEW YORK. June 19.-when the Colo
RADIO Fuel and Iron Company holds its an
nual meeting next October important
changes will be made in the directorate.
and the new board will be. It is said. domi-
mated by Gould men. It Is asserted that
among those slated for retirement are E.
H. Hartman. James H. Hyde. Frank j.
Hearne. John b. Rockefeller, jr.. E. T.
Gates. E. Parmalee. Prentice and Starr j.
Murphy. These changes. It is said. have
nothing to do with the Equitable Life As
surance muddle. but are merely in keeping
with the original plan under which John D.
Rockefeller reorganized the company In
1903. when it borrowed 13Ooo. 900. the un-
Outstanding being that the Goulds were to
take control OF the company again as soon
as all the advances were properly secured.
Although the directors Of the American
Locomotive Company will meet this week
to declare the regular quarterly dividend OF
1A per cent on the preferred stock. prob
ably payable July q, II is said that they
have no expectation of considering the ques-
ton of inaugurating dividends on the COM
mon stock at the coming meeting. as next
fall would probably be time enough to put
the common stock on dividend basis The
until August, as its fiscal year does not end
until June 80. Among the things accom-
plished In the past year under the policy OF
expansion was the acquisition of the Rogers
locomotive works at a time when they
were useful In turning out large portion
of the business for the American Locomo-
tive Company.
In their weekly letter discussing the
monetary situation. Robt Goodbody & co.
say:
"As to the money market, we look on the
present situation as an almost necessary
result of the Increase in gold production
under recent conditions, nor do we believe
that while gold is falling the reserves OF
the banks will often seem large, except as
a result OF some trouble growing out OF
financial distrust, after some big catastro-
ply, and such Is unlikely in the extreme
while trade and prices, OF commoolties arg
affected by the perhaps unhealthy stlmuius
of big gold production. Therefore, wnie
the money market should be watched. we
do not see any menace in 1t as to values.
Their letter goes on to say that they
think the dividend on the Baltimore anu
Ohio common stock will be raised to per
cent per annum next autumn. but Erie nrst
preferred will probably soon attain the
status of a reasonably safe stock. ana tnat
they think the Louisville and Nashville
dividend will be increased to per cent, pc
cause the surplus over per cent Is getting
large They also believe that Reading VIII
pay the next dividend at the increased rate
Of 4 per cent per annum. They say tnat,
although they have taken only few ROADS
at random, they don't wonder why in
vestors do not sell stocks.
Y
Pittsburg men have started new moe
pendent ore company known as the HOBART
Ore Company. with headquarters at Du-
Iuth. Mimi as it's ore beds are In the north
west. The stockholders include Joshua w.
Rhodes of Pittsburg. E. N. OH OF Newcas-
tie. Pa, and W. Croxton. ]. H. Barton
and John Mitchell of Cleveland.
X +
The Consolidated Car-heating Company
has declared the regular dividend OF IA per
cent and an extra dividend of l per cent.
James NJ Mamma. president OF the Ma
tionaI Savings Bank, has been elected vice
president of the company In place OF the
late Charles Tracey. and Thomas l. van
Antwerp, vice president Of the Union trust
Company, has been elected a director
The Union Bank of Brooklyn 1t Is report
cd has secured a controlling interest IN the
Merchants Bank, one of the most promi
nent institutions in the eastern district Oh
Rrooklyn 1t is said that Wlthin lew
weeks the Union Bank will take over tne
Merchants' making it a branch institution.