Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-28
BULLS AND BEARS

Is not altogether of the exterior with prel-
alive plans of the Union Pacific for ex-
tending to the Atlantic seaboard. The map
does not show it to be practical impossi-
biiity to include the Atlantic Coast Line
and Louisville and Nashville In such
project. the suggestion is regarded as bor
dering on an opium smokers fancy. To
most persons In the street the move in I'LL
nois Central has been sufficiently account
ed for by the reports of an extended specu-
lative short interest in the stock.
john Lambert of the so-called Gates
crowd has given out cheerful bull inter-
view in Chicago. saying: THE thing that
seems to worry you people out here Is the
money market. You fear that there will be
a stringency in cropmoving time. Well. I
talked with what New Workers deem their
standard authority, and his opinion Of the
money market of the future Is summed up
In his proposition that he will lend $780,
0OOO0o and guarantee that the rate Will
not go above 5 per cent this year.
'He also told me there was no danger OF
being drawn upon by Europe. Germany
and France have been boarding their money
In order to take care of Russia In the In
dennty which that country must pay
Japan. We shall need great deal OF
money. of course, to move the crops, for
the yield will be large. Hay is abundant;
SO are oats. Wneat Is practCdiiy dSSuTeNs
and the corn outlook was never better.
More than that, the iron business, which
has always been regarded as the barometer
OF trade. has reached such stage that the
United States Steel Corporation will take
no orders beyond January. The books of
the company are filled as they never were
before
Illustrative Of the. northwestern rail-
way situation. l can tell you that the steel
company is about to close deal with J. J.
hin. whereby the ore properties of the
Great Northern and the Northern Pacific
will be leased to the steel company. Mr..
Hill had a magnificent offer from Mr.. Nor
gan to sell the ore lands. but declined to do
So Instead, a lease on the basis of per-
centage is to be made. This will be dOu-
BILE advantage to the Northern Pacific and
the tonnage and, besides. participate d.
rectly in the profits of ore mining"
President Elliot of the Northern Pacific
Railway Company, who is here, says that
contracts have been let for building about
sixty miles of the line which the Hartman
and Northern Pacific interests agreed last
spring to build Jointly in the Clearwater
district. The construction of this section
will be easy. The construction of the re-
manning sixty miles Is more difficult as 1t
is necessary to run the line on to a plat
eau about $500 feet high. The engineers
are buSly engaged in surveying various
routes in order to find the most practical
BILE one.
According to report large interests are so
confident that the United States Steel
stocks are to have a good advance that a
decided effort has been made recently to
depress the common in order to facilitate
the buying of calls on large amount of
stock in London.
Chesapeake and Ohio Is included in the
list of railroad stocks on which dividend
increases are reported before the end OF the
year.
Plans for the consolidation Of COAL rail-
road and dock properties. said ter be worth
$50. 100000 and largely owned in Columbus,
Ohio. are said to have been formed in this
city.
An important development in the railroad
equipment business is the announcement
that the Pennsylvania is asking quota tons
on 1900 cars of all kinds. Reporting on
zette says.
"The American Car and Foundry Com
pany has received order from the st.
Louis and San Francisco Railroad Com
pany for 400 national coal dump cars of
5000 pounds capacity, 500 hopper coal cars
of 100000 pounds capacity, 500 coal cars of
100000 pounds capacity, six postal cars and
ten combination baggage and mail cars.
THE Chicago, Rock Island and Pacific
railway has ordered from the American
company fifty-sx combination smoking and
baggage cars, ten passenger cars. ten chair
cars and ten baggage cars.
The Hartman lines have ordered 1850
steel underframe box cars of 100000 pounds
capacity and 400 steel underframe stock
cars of 80, 900 pounds capacity.
The Canadian Pacific Railway Company
Is constructing nineteen sleeping cars and
nine tourist cars. The following companies
have ordered locomotives from the Amer
lean Locomotive Company: The Chicago,
Peoria and St. Louis Railroad Company,
two simple six-wheel switching and two
consolidation locomotives; the Chicago
Junction Railways and Union Stock Yards
Company. Two mogul locomotives"
Compilations of railroad gross earnings
made by Wall street news agency show
the following results, compared with the
corresponding periods last year: For the
first week of July the gross earnings of
thirty-eight railroads aggregated 81 1854 $50.
an increase of $780,. $50, 432 per cent. For
the second week of July the gross earnings
of thirty eight railroads aggregated 81 $685.
704, an increase of $6S7,317 of 9.61 per cent.
For the third week of July the gross earn
$e,6l9,544, an increase of s69S, 6S1. 80
per cent The gross and net returns of six
railroads for the month of June were as fol-
lows:
Gross earnings. s10,71S579: increase 1851.
500; operating expenses, S1,727. 196; increase,
S769. go net earnings, $500. 1873; decrease,
S211, SOL.
The gross earnings increased SAB per cent,
operating expenses increased IL 05 per cent,
and net earnings decreased 6.60 per cent.
Fiscal year:
Gross earnings, 1920, TAB; increase,
s., 303, TO; operating expenses 500 225 0S1;
increase, 81, 106S1S: net earnings, $36 015,-
CSC: increase, 81, 1O6S92
The gross earnings increased 4.3S per cent
operating expenses increased 4.T6 per cent,
and net earnings increased 3.43 per cent. At
this season of the year increases should be,
as they are, large, for last year the nadir
of business depression reached in the
summer, and the railroads suffered accord
ingly. If increased earnings of consider
able amount are reported through August