Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-09
BULLS AND BEARS

| NEW YORK, June 3.-Every now and
| then of late official announcement has been
1 made of the appropriation Of considerable
sums for the improvement of some portion
| OF the Erie roadbed or equipment. and this
is always refreshing news to the believers
In Erie. 1t is now announced that an APP
\ preparation of $I5S 900 has been made for
| rebuilding bridges and culverts along the
| road, as a part of the comprehensive scheme
| now under way for the complete rehabilita-
| ton Of the system. This does not include
| the sum of 100000 to be used for the i'm
psovements at the 51st street yards in Chi
| cagO. nor the lesser expenditures on the
Miles, and Lisbon. Newcastle, New York,
| Susquehanna and Western and Bath and
| f1aHmonosport divisions Of the Erie.
\
| Ihe largest single expenditure Is one of
sloO,0O0 for the bridge over the tracks at
| me chicago yard. a structure 66 feet long
ana 4S5 feet wide. designed to do away
with grade crossings at that point On the
Susquehanna division the expenditures will
| aggregate $268,OO0, where forty-fiye bridges
Ooo Is being expended for new bridge 400
Ieet long over the Mahoning river at War
rem, Ohio, and twenty-nine other bridges
ana cuiverts are also to be rebuilt on the
Meaoville division.
Otner bridge work consists of fifteen new
structures on the New York division, in
ot t the viaduct over the Saddle river
az Garneid this work being now nearly
completed, three truss bridges and two cui-
vert. serls on the Newburg short cut near Wood
nury and Mountainville. two large truss
through plate girder double track bridges,
one !oi rect long, at Hancock and another
ia3 feet long. at Deposit: two bridges on
me Allegheny division east of and near
salamanca. through plate girder bridge
| over the New York Central tracks on the
niagara Falls branch costing $3S 600: four
prioges on the Buffalo division. east of
aortage, ana near the world famous Port
age Viaouct over the Genesee river: fifteen
bridges on the Mahoning division, including
q tWo-span truss bridge over the ShenangO
l,yde at u sharon sal Pa. and thirtyfour
one over the Mad river at Dayton. to cost
approximately 100000
bH So,np wa, or railroad earnings made
py wall street news bureau show the
IoIoWlng results compared with the COR
responding periods a year ago:
,n nor tne third week of May the gross earn
ing OF forty railroads aggregated 81 5S1
S64, an increase of $412,O53. or ). "a ner cent
TOT the fourth week Of May the gross earn
co s Soe o 90, twenty-seven railroads aggregated
9s,o9o,o an Increase of 81. O9S, $50 or 10 "a
per cent. For the month OF Nav thn oroes
e ead or thirty-one railroads aegreeate tod
@ ooo, Io'' an increase Of So 500 100. or 10 50
esrn tpns' from July to May 81 the gross
eeatrnni ing OF thirty-one railroads aeeresated
SCI per cent ~ %-'''oV''O'' OF
Inc gross and net returns ~ so,ox.
| tnree railroads for the month NJ A nj, n.y
as follows: " VI April were
&C Gross earnings sos. 2sO, s7o increase 81
oa ' operating expenses $73 800 So. in
Irease' *o,2S5,9J2; net earnings son a5s o01
Increase $1,771,195 ''''o~i'
orane me sross earning Increased 7.33 per cent.
operating expenses increased 776 Der cent
ana net earnings increased g % nor cant
/ FROM July / to AnriI
I.ooo'S'2,45O. increase $37, 707 679; Operating
expenses SIoOGS4 1919. increase SIS. Ot9 OSS:
| net earnings 6.SsS. $50. increase 500
The gross earnings increased BIT nor cont
operating expenses increased PIC per cent
ana net earnings increased 7.2O per cent
Repor ting new railroad eauinment b,,s,
ness for the week the Railroad Gazette
says:
The, American Car and Foundry Com
pany mas received order from the
Chicago, Burlington and Quincy Railroad
Company for 800 refrigerator cars. The
Following companies have ordered cars
from from, the Pullman company: The Chicago,
burlington and Quincy Railroad Company,
&,Ooo box cars; the Chicago and Northwest
ern Railroad Company, LOCO freight cars.
The Atlantic Coast Line railroad Com
pany has ordered 800 ventilated cars. The
Des Moines City Railway Company has
ordered twenty-three double truck cars and
| Is building twelve double truck cars at It's
o"A SiiopS- ne american Locomotive
Company has received an order from the
Seaboard Air Line Railway Company for
five ten-wheel passenger locomotives The
Chicago and Western Indiana Railroad
Company has ordered ten simple six-wheel
switching locomotives"
Speyer & Co. are the bankers who bought
from the Chicago, Rock Island and Pacific
Railway Company s., 500 900 Consolidated
Indiana Coal Company first mortgage
thirty-year sinking fund per cent gold
bonds of 1885, interest Internationally
guaranteed by the Chicago, Rock Island
and Pacific Railway Company by indorse-
ment on the bond. The Chicago, Rock Is
land and Pacific Railway Company owns
controlling interest In the stock of the
Consolidated Indiana Coal Company and
the bonds cover valuable .oal lands in
Indiana and Illinois on the Chicago and
Eastern Illinois and Evansville and Terre
Haute systems.
/ The bonds have a cumulative sinking
fund of cents per ton of coal mined under
ket up to 40 and accrued interest and il
not obtainable will be drawn at 10 and
accrued interest. The recent Identification
of the Speyer banking house with the Rock
Island interests Is regarded one OF the
bull points in the shares Of the company.
~
tabulation made by Wall street news
agency shows in an interesting way tho ten
dency at work toward a concentration of
bank resources. Since 1900 there have been
no national banks which have gone into
liquidation to be merged with other banks.
*
The Chicago and Alton Railway Company
has declared the regular semi annual divi-
dend of per cent on its preferred stock,
payable on July II. The books close on
June IA.
HArnD Ap~rc, HJcrrrD