Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-12
GOSSIP of the Stock Market
in Wall Street.
sre iai Dispatch to The star.

Special Dispatch to The star
NEW YORK, May l2.-Experience says
TO impulse at the present stock market
juncture.
Don't expect any sustained buoyancy to
appear Immediately after such shocks as
have been administered to the speculative
community Although the tendency seems
strongly upward. the disposition of the
hardened traders and operators will be to
take profits on bulges and await recessions
to replace the lines sold out"
Compilation of railroad earnings made
10y Wall street news agency shows the fol-
lowing results compared with the cor
responding period last year:
That for the fourth week in April the
gross earnings of thirty-eight railroads ag-
greSate $1ol1l4l9. an increase of $751;
7;si or l.O7 per cent. For the month of
April the gross earnings of forty-two rail-
roads aggregated $40. 7l4.49S. an increase
Of $a5S S14. or SO per cent. For the first
week OF May the gross earnings of eleven
railroads aggregated s3.O23 ls0, an increase
OF 1855 S'is. or f.20 per cent. From July l
To May the gross earnings of eleven rail-
roads aggregated $1G4. s00,6fI, an increase
of S91:A3li. or 6.31 per cent. The gross
and net returns of eighty-one railroads for
Gross earnings, Sizes .1D,33j increase,
50 n4pl1 Operating expenses. sIi,251 $50
Increase $i.Gl9.S70 Net earnings. So. 9S.-
2Oi iucreaso I:iSti ~.
The gross cummings increased Oh per
cent. operating expenses increased 60 per
cent. and net elrninSs increased 14S' per
Ccu;'
From July TO March 3I-Gross earnings
s9tl ~ III: increase, ga. 1921. Operating
expenses S'E;2. gu -; increase, SS,O2).Gj7
Net earnings, sil2,o2l.2 30; increase. SD.
i76C)i.
The gross earnings increased 3.3T per
cent: operating expenses increased LIS per
cent. ana net earnings increased I.S1 per
cent.
Reporting on the railroad equipment busi-
ness for the week. the Railroad Gazette
says:
THE following companies have ordered
cars from the American Car and Foundry
Company: The RCdger Ballast Car Com
pany, ~ ballast cars for the Michigan Cen
trail Railroad Company; the Mississippi
Central Railroad Company. 10 box cars;
the Lexington and Eastern Railroad COM
pSny. passenger car. The Pullman COM
pany. it is reported. has received an order
for ~ passenger cars from the Chicago
and Alton Railroad Company. The CHI
cage. Milwaukee and st. Paul Railway
Company will build i75 box cars of 3oUD
pounds capacity ut its West Milwaukee
shops. The Morgantown and Kngwood
Railroad Company. it is said. has ordered
800 coal and coke cars. The United Rail-
ways ami Electric Company of Baltimore
has ordered 80 single truck cars. 90 dou-
bic track ears with two motors ~ douCe
truck cars with four motors and air brakes
and ~ summer bodies for double-truck
cars.
The Brooklyn Rapid Transit will, it is
said order 100 elevated ears. 1t is rumor-
ed the I.ehigh Valley Railroad Company
has ordered 100 cinder cars.
The Pennsylvania railroad has offered to
the minority stockholders of the South
west Pennsylvania railway two and one
half shares of its own stock for each share
of the latter. There is about S440.0OD of
the latter outstanding. The majority is
in the Pennsylvania railroad treasury