Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-04
BULLS AND BEARS


trading viii become much more active and
prices 90 considerably higher. There was.
however. some difference of opinion with
respect to the immediate future OF the
money market. So far as could be learned
tho ADVANCE In call money rates yesterday
was due very largely to manipulation.
snrewd observer who has large inter-
ests In various sections Of the United States.
In commenting upon yesterdays furry In
call money. expressed the opinion that the
enormous speculation in real estate through
OUT the United States Is an important factor
In the money market.
The opinion with respect to the United
states Steel stocks was as favorable today
as IL was yesterday.
1t was learned from entirely trustworthy
sources that at the present rate the rail
mills Of the United States, If run at full
capacity throughout the present year will
fall $4,000 tons short of meeting the de-
mands OF the railroads.
Local interests in the Chicago traction sit
uatfon are very much gratif1ed with the re-
suit of the municipal election In Chicago
yesterday. The indications are clearer than
for long time that the city will give the
The buying OF Mexican Central issues yes
terday was by inside interests and by new
interests which are becoming convinced that
the securities of all the Mexican railroads
are certain OF big advance during the
present year.
dispatch from Birmingham says the
to work Immediately to greatly increase its
production Of coal and iron ore as outlined
in a communication received here a few
days ago from Birmingham By December
1t is estimated. 1t Will be producing coal at
the rate of 6,000,000 tons annually. Impor-
tant new openings are now being made in
the Blue Creek district. A new steel mill
will be built and the production OF the now
well-known Tennessee Coal and Iron open
hearth rails Will be doubled
**
circular which the Colorado Fuel and
Iron Company is sending to its stockhoId-
ers states that at the meeting held March
30 resolution was adopted by the directors
authorizing the Offering of 100000 par
value of the common stock of the company
now In its treasury and expected to be
available on August next. and 81 900 600
par value of the per cent thirty-year gold
coupon bonds, series B, of the Colorado In
dustrial Company, also in the company's
treasury, to the common and preferred
STOCKHOLDERS on pro rata basis
4
me proceeds from the sale of these Sc
curities will be used for additional equip
ment, etc.
Holders of the common or preferred stock
of record at the close of business on April
16 shall have the right between that date
and April 80 on which latter date the priv
ilege will cease. to subscribe for the COM
mon stock to an amount equal To az nor
cent of their holdings of common and nre-
ferred stock. Each subscription for five
shares of stock made I'm accordance with
TINS privilege VIII entitle the subscriber to
buy one Colorado Industrial Company 8 per
cent thirty-year gold bond. series g. ma
turing 1884, upon q total payment for every
hye shares subscribed for and one bond
purchased. of S1.040 as follows: Ten per
cent on application and 80 per cent on Au-
gust next.
The stockholders of the Coal and Iron
National Bank have voted to Increase the
capital stock from 5000, 900 to $500. 900. 10
per cent of the new stock to be deposited
with the executive committee to be sold an
$50. The remainder will be offered 10 share
holders at 220.
The stockholders of the Pittsburg Bes-
semer and Lake Erie Railroad Company.
whcse property, If leased to the Bessemer
and Lake Erie Railroad Company. will be
controlled by the United States Steel Cor
poration. held thier annual meeting yester-
day at Pittsburg. The only change In the d.
rectorate was the election OF w J. Post to
succeed the late Thomas H. Wells The re-
firing officers were reelected
j. e. Clarke of the grievance committee
OF the Brotherhood of Locomotive Engf-
neers is in Scranton comforting with r. Il.
Fitzpatrick, superintendent of the Della
ware, Lackawanna and Western railroad
reSar riding an inorease Of y,agas on. 5,,