The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1905-02-20
FALSE RUNORS
AFFECT MARKET.
PROFESSIONALS WORK or TIE
UNiNlTlATEr -sTRoNG uN
DERToNE PERVADEs AND
hlcH RECORD PRICES ARE
MADE.

cfd pIiaas ere being made almos
daily strong undsnone pervade
lthe whole market and first one spa
cialty is selected and then ano hc
win waicA 10 keep up Che appearance
cl activity The pahlics operation
cont.n ON a very limited scale, bu
/ pref ionais sye.a 20 have little dii
4 fcultg III markng ug their palticula
Il faycli os Conditions aiding thes'
movements a3a easy money a uniyer
sally optimistic 50 ri. better diyidene
I prospects and runors OF yariou.
deals, whicl are allowed TO leak OH
Z presumably 70 as. is. stock maldei
logega ions 80 doHb important nego
4 tia ions arc under way in some prop
critics, but some Of the stories in cir
culadoa have q rather "nWly" favor
having more man once served 10 aid
in unloading nigh-pricai stocks upon
tie uniaiIased. There will be no
harm IN treating some of The consol
ida ion stories which are being put
our with a reasonable degree Of skep,
t.cism bearing Ia mind that while
eahe4a ration IS steadily progressing
+ in railroad managen ~ The real and
Important changes are usually
.aHsai a1aG un}sientaiirusiy an
iare 90 digculscl by professional Up
slers in advance.
= striking feature OF me situation
8 }fe abundance OF funds sealine
~ lnFasi merit 2n PET cent basis.
III i534 over 54'oee90Yo new bonds
aAo a@-@ tV0eo5 ne" railroad issues.
SINCE January over Sdf3oao0o9 rail
loaa ISL 1es. since January ! over
iVV'b9' Va7 a4llJicaal iaiFom Issues.
el'cIy l2nds' have been added. 4
i'+aa ~ lAese is5G was for re-
Iaaalhb pafp2ses q pan 10 provide
toi .ah.@e 't' nele5 issued TWO years
at" ana plf- 70 PR VICE Tor pl9s 2nt
seeds. JEST now muea ito ap2oriion Jo
eeeA et o. needs 81 is mp ssiht r.
HS,lt Al'ae' oal very considerable
H'i ''oli '.1h' 90 '1he up no'ea and TO
'leet e0l1eh requirements and there.
.cl' r. resented new nNea capital,
Even '' E laFaa OUTPUT q new se4Nri
.les 017a hot seem 70 nave satisfied
~ p.l"'ic oe.4aA r Nlllca = parlcu-
'rIi' i0' 't"o'e loI noun lne ra'iroads
aill III 'slAeF7 VINO nave bohds ~
yt'Sl mere " 5 ~ Slod inquiry
~ ''"4-'7 ~ 'Hls marker, buyers now
1'' ""' Always es''if. SIDE lhe ais
'.i'i-a' w MAJ 'Hey slsoald and ~
l' ',,i'lil't ,iNte WEI he lurher
a7'''' y e0i''l.iloA. IaFof 10 provide
lu' iHat "f'''5 "''.sali A5 and needs ~
~ '"''loa"a fofIliiateiy' general
'.''il ~ cen 'i"e5 satisfactory while
HV 2" '-O"~s re- again enjoying a
S,,'' ous Eeason amer me losses or
,'i' l'' pal' on 4'V4. during D'c2m-
"0T aHH JANUARY we reads reporirs
earnings maze a showing . per cent
Oe',ef 'd'h iAst year. and IN. spite
"a "li''' t''l'' cii!iialle cohoiiohS tAe
hci ,''aes c'al,l''.o' IN l9Vt the gross
''nEs on i'o'ooo mics CT road ESQ
set Gen 81 our en'lfe miloasel
'Lloli'ie, % 3Lf'3,ooo'oho' an in
-i'.'se 0i ~ i'Nov'V0" over tne previous
9'r in isV" iaese ro3us showed an
Increase OF over SlSe'0e0,oo9.
o'Dly 'He most serious tninf
nag co'Io now happ n 70 ne rail
'oad interests Woala pc iJa passage
OF a fa'e'hahiae oid. Railroaa mag
Mates CONSIDER such an enactment I
would pc I'm encfoacnmen- OF the SOW /
eminent upon Individual rights. that I
JIG mas no business 20 interfere be .
"eeA lne fallroaas and the people /
''ii''. '0i' pr enforce e'ehaanded .
lusllee on an siaes. KATE making I
"oA'd pc IN unjust exercise OF cove .
thiaeAt power 40 commission ma I
can re oIsaniHea would De competent /
70 gear "ith sucn Fast anl compil /
Ecu p'e'e % "oIA' ~ might as log I
'c-'iy ae'e'npt % TX tne pi'ce o. bu' /
yer ans, egg" WIN diiierep conditions .
~ uiAe!a1ie markets. AGAIN 1
(. l1e'leah fa'lioaaS aireauy perform I
le cA-Apest ana Dost service IN the
!" ora, Z most conclusive demonstra' /
-on o. .ne SID z'ioilly OF private man !
se'.''i'' any paiefnailslic /
ere 4a,-a. III tlEI. our railroads have J