Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-24
BULLS AND BEARS

Special Dispatch to The star.
| NEW YORK, March "a Until definite
Information il obtainable with respect to
| the bituminous coal labor situation. promi-
nent interests In the stock market do not
look for much change In the character or
volume OF trading. although II was expected
that prices would recede somewhat today.
The opinion u growing. however. that
either q bituminous or anthracite strike
has been pretty well discounted in the mar
ket.
~.
Men who are watching closely the earn
ings OF the Gould reads. and who are farnil-
lar with the plans of the management and
the conditions under which tie roads are
being operated. look for steady increase
IN earnings on practically all the roads in
the system.
So
The Western Maryland earnings are very
satisfactory At the present rate the COM
pany will be able to earn surplus of at
least $4,000 for the present fiscal year
In excess of charges. The Wabash earn
ings are almost certain to show a continued
Improvement. and Texas and Pacific Off
efals look for much better results on their
lines than were obtained last year.
-
1t was authoritatively stated today that
there was no truth inSthe report from Mex
leo City that the Mexican government has
sold a large part of its interest in the Ma
tional Railroad of Mexico to Speyer & Co,
and that at the annual meeting OF the
stockholders next month the Speyer inter
ests would again be in control of the prop
erty.
Closing prices at London were below yes
terday's closing here for all International
stocks, with the exception of Atchison pre-
ferred, which was unchanged: Missouri.
Kansas and Texas, unchanged, New York
Central, up X: Reading first preferred up
4; United States Steel, unchanged, and
Wabash preferred. up Il.
-
The Altoona. Hollidaysburg and Bedford
Springs Railway Company (electric) is re-
ported to have authorized an issue OF ST.
20O,O0 bonds, to be secured by a mortgage,
to the Standard Trust Company of New
York as trustee. The road Is projected to
run from Altoona. via HoIlidaysburg, to
Bedford Springs, Pa, distance of forty
miles.
At q meeting of freight traffic officials of
the eastern lines at Chicago yesterday it was
decided to reduce freight rates on grain
east of Chicago to meet the competition of
lake traffic on May /. A meeting will be
held April "A to decide the rates that Will
then be placed in effect
K
The Texas Railroad Company has been
incorporated with 81 100000 capital to build
line from San Antonio to Port OConnor,
on the gulf coast, a distance of about 110
miles. with a branch line from Yoakum to
La Grange. 1t is reported from Austin
Tex. that the enterprise Is backed by Mis-
souri, Kansas and Texas interests. The
Ptttsburg Dispatch of today says that
Mayor Timanus. of Baltimore in an inter-
view, said: Gould will connect the West
ern MARYLAND and West Virginia Central
and Pittsburg railroads with his Wabash
system in Pittsburg within year Assur-
ance was given today by F. 8. I4andstreet
president of the Western Maryland" The
mrs iirst r train over over the connection between
Maryland ran Into Baltimore day or two
ago. The tonnage and earnings of the
western Maryland have increased enor-
mously. The Gould lines are securing good
connections with wharves and warehouses
In Baltimore through a terminal and con-
meeting railroad. and within a few years
the WABASH viii secure large tonnage
there 1t win be important system in
baltimore. Mayor Timanus said that he
had received word that the Baltimore and
Oh1o's offer OF s., 100000 for the citys inter-
est In Its road would be favorabiy acted
upon.
Extensive terminal facilities have been
acquired at San Francisco by the Western
Pacific Railway Company, which will erect
passenger and freight terminal for its
branch line. which Is to extend down to
san Jose and other towns. The price PAL
Tor this property is said to be 81 100000
and 1t Is estimated it will cost S., 900 600 to
complete the terminal.
y
j. s. Bache & Co. say In their letter TO-
day: This has been a traders market
with quite rapid price changes within a
| narrow limit. The Algeciras conference
seems at least to be reaching the cuImina-
ton OF Its efforts, and the markets abroad
We're as result somewhat better. Locally
there Is strong bear party which utiIizes
every Opportunity for drive at prices The
announcement that 500 100000 new stoc,
would be authorized by New York Central
| was made great deal more of than II de-
served. and the market sold off quickly as
result. The attack was however, OYER
done. and the week closed with prices firm
considerapiy above the low levels of We'd
| nesday forenoon"
G0MnTT1nMO m mnaDr