Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-21
BULLS AND BEARS|

NEW YORK. June z-The fact that all
OF the traction lines on Long Island outside
OF Brooklyn Rapid Transit properties have
been taken over Jointly by the Long island
railroad Company (owned by the Pennsyi-
vania) and the marlborough Rapid Transit
Company. which owns the elevated and sub
way roads in this city. is generally regarded
IN wall street as indicating that August
Belmont Is training with the Pennsylvania
raiiroad interests in connection with the
suburban service of the city. The next
move by the Pennsylvania will be to get
equally good connections on the New Jersey
side. to be used in conjunction with tunnels
from New Jersey to 32d street and 7th
avenue. this city.
The Coal Trade Journal, in discussing the
duiiness prevailing as the result Of an over
supplied market. says today:
Inc most interesting topic relative to the
soft-cOal trade that has arisen Is the rather
critical situation in Illinois concerning the
shot-frers' bill. In the seaboard trade re-
stricti0n has continued in force. and there
Is no further talk OF accumulation Of coal
az the several loading ports. Tonnage is
going forward in good volume, considering
the time of year, but there Is not the snap
TO business which, in connection with
much smaller tonnage. has in some past
cSnooiaS AAduS tu6 trace an interesting one.
even in the summer months
Prices continue low, but there is very lit
Tie complaint of cut rates on the part of
west Virginia producers. AS regards them.
sucn allegations as are almost certain to be
MADE relative to prices at any time, take
the form OF some statement in regard to
rreguIarfty in the way of guaranteeing de-
1vered quotations rather than q direct cut
IN the l. o. b. price. The Pennsylvania
operators are the men who have had to
resort to cut prices and despite the asser-
lions OF dull business made by them, EVIL
dence seems to be growing that they have
gathered In no inconsiderable number of
orders-in this respect gaining tonnage as
SO often happens at the expense OF prices"
The International Power Company re-
ports the sale of one large 16x94 Dresel en-
CINE, triple cylinder, to the city of South
Norwaik, Conn. for use on the munic-
ipai electric light plant Several of these
engines are in use throughout the west and
southwest to furnish power for lighting
plants. and are reported to have given sat-
ls1actory service In every way, but es-
pecially along the line of fuel economy.
Harvey Fisk & Sons have bought from
the Union Bag and Paper Company 5000
OOO per cent twenty-five year gold bonds,
part of an issue of 100000 authorized by
the stockholders at their special meeting
held yesterday. The $4,000. 600 of the bonds
not yet sold by the company will remain
indefinitely In its treasury, to be used in
acquiring other plants or in making i'm
provements.
Dick Bros. & Co. in their daily letter on
the stock market say: 1.-The stock market Is
showing that slow and quiet Improvement
which was promised by its recent dull
period. The readiness with which stocks
rally on light buying continues to furnish
evidences of the markets iQuidated condi-
ton. We look for higher prices through
the list, but we do not expect rapid i'm
provement believing that for the time
being stocks will be more or less irregular
with an upward tendency. In view of its
recent apathy, it will be only natural for
walk before it runs"
The Gulf and Ship Island railroad handled
export lumber amounting to 16.472, 900 feet
last month. For the eleven months ended
May 81, 1905, exports amounted to 2O9, 225.-
$50 feet, as against III. 800 57 feet for the
same period of the previous year.
The Erie railroad has asked the state
railroad commission for permission to build
a freight road from Highland Mills to a
point near Port Jervis. forty-one miles
long The new road will be known as the
Erie and Jersey railroad, and $4,000 600
first mortgage bonds will be issued to de-
fray the cost of construction. The line is
designed to obviate heavy grade which
now requires extra freight locomotives. 1t
would not materially, shorten the main pas
senger line, although there was no opposi-
ton the hearing was adjourned to June 20.