The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-11-25
HILL SAID TO CONTROL KATY.
OUTLET TO THE GULF FOR THE
NORTHWESTERN ROADS.
large ~ ~cCkhOIders Said TO Have welcomed
Nr. HHn's Advent WIth\the Idea nat
the Road VIII PROFIT by It-wall Street
HAS Seen the stock Move Briskly Up.

Uas Seen the stock Move Briskly Up.
Some Of the largest individual stock
holders uf the Missouri, Kansas and Texas
exprcsscd the belief yesterday that James
J. Hin had not only purchased a large
interest in the company, but that with
the assistance of stockholders who are
wiling and anX o u to collaborate with
him hc has already a sufficient interest to
assure ,Ouhci Tho annual meeting Of
aKa-y' ~t',ct3olders in April, they said,
would demo trate that Mr.. Hill has Sc
curol a Cal' outlet for the Great Northern,
tho No.i'',r Pacific and the Chicago,
Burl.ulto' "a Quincy.
large .oc.iholders who nave long been
interested in the company had conferences
with the president of the Great Northern
prior to his departure a week ago for st.
Paul II is believed that at these con-
farencps Mr.. Hills entrance into the COM
parv was welcomed and that an under
standing was reached whereby these stock
holders will cooperate with Mr.. Hill in the
movement to secure control of the CON-
pany. No criticism, il is understood, is
directed against the management on ac-
count Of it's ability or efficiency, but these
stockholders appreciate the fact that the
management is lacking in the influence
which MIR. Hill Possesses to bring business
20 the road and otherwise augment the
earnings and enhance the company's credit.
II any rate. subsequent to these confer
ences Missouri, Kansas and Texas stock,
from one of he comparatively dormant
ISSUES. became one of the most active on
the Stock Exchange list. In the last seven
trading days transactions in il have aggre-
gated 1913, 100 shares. On days when other
stocks have beer weak Katy" has been
strong. Especially was this true yester-
day when Katy" was one Of the few issues
20 register a net advance. The previous
day the stock sold up to AZ, the high
point of the year. This compares with 20,
the low point of the year reached on May 2.
II has long been known that Mr.. Hill APP
preciated the advantages of a Gulf outlet
as keenly a. does any other railroad man
in the United States. In speeches in the
West he has frequently referred, to the re-
markable increase in traffic sure to come
"a North and South roads in the Middle
West on the completion of the Panama
Canal. and it has long been believed that the
president of the Great Northern would in
some way put into practice such often ex-
pressed IDEAS.
Undoubtedly Illinois Central would suit
Mr.. Hills purposes much better than the
Missouri, Kansas and Texas. but Hartman
has taken that property out OF the market.
and Of the remaining connecting links
between the Hill system and the Gulf
Missouri, Kansas and Texas is altogether
the best. Its route ia not as direct as that
of the Illinois Central. nor is 1t comparable
with the latter in construction or equipment.
On the other hand il Possesses the very de-
cided advantage Of connecting with the
Burlington at three points-kansas City,
Hannibal and st. Louis.
The Missouri, Kansas and Texas operates
B,42 miles of track in Missouri, Indian
Territory, Oklahoma, Texas and Louisiana.
II WINS 8 ITO, 400 acres of land In the Indian
Territory and both in Oklahoma and Texas
serves q territory which is developing very
rapidly. 1t reaches Galveston by a very
direct route from Kansas City.
The company has outstanding seq 800 900
common stock and sl3 600 eco preferred.
Within the current year an initial dividend
Of ? per cent, pnnu3lly was declared on the
preferred stock. The Common pays no
dividends. Gross earnings OF the system
for the year ended June 30 last were SCI
15s, COO; net earnings were 80 ,le5.O 600;
A considerable part OF the stock Of the
company is held abroad and five of the
directors reside in Europe. There is good
reason TO believe thst these foreign stock
holders will look with favor on transfer OF
control TO Mr.. Hill and his associates.
Frederick Norton Finney OF st. Louis
Is president Of the company and Adrian II.
Ioline Of this city ia chairman OF the board.
The directors are Adrian H.. yoline, Henry
W. Poor, Charles G. Hedge, James Brow
Potter. New York; Myron r.. Herrick and
Otto Miller, Cleveland: r. n. Fnney, A. A..
Allen. James HaYerman and r. W. Mcguire,
st. Louis; b. p. Mcdonald, Alfred j. Poor,
u. B. Stevens md II. J. De Msrez 0yens,
Amsterdam, Holland, and Alfred W.
Smithers OF London.