Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-07-25
BULLS AID BEARS

cpScfAl 0ltpafcn Co he star.
NEW YORK. July 25.-while certain
speculative interests were today inclined to
disregard the Russian situation to a great
extent. prominent baniing interests were
OF the opinion that conditions there were
more serious and OF greater Importance
than seemed to be generally realized here.
weii-known banker In discussing the
situation expressed the opinion that It would
be impossible for the Russian government
to maintain Its position and firmly estab-
fish an autocracy He believed that gem
eral revolution In Russia was a practical
certainty, the only Question being when It
would come. In the meantime he believed
that extensive speculative enterprises
should not be started in this country or
at the leading financial centers In Europe
He added that private cable advices re-
cefved within the last few days from promi-
that the Russian situation was regarded
as very serious.
80
Several weeks ago the information came
from a trustworthy source that the plan
for financing the st. Paul extension would
be announced before the end of July. 1t Is
stated now that the announcement will be
made soon II it Is not actually made tonor-
row after the meeting OF the executive
committees.
~
few days ago 1t was rumored that e.
N. Brown. president H the National Rail-
road Company OF Mexico who has been In
New York for two weeks or more was
negotiating for a large loan for his COM
pany 1t is officially denied that any such
negotiations have been taken up. 1t Is in
correct to assume that the dividend OF
nav L. a. H. 49, Ay-A
railroad on its first preferred stock was
quarterly disbursement to pay the 4 per
cent year would require 81, 28O. 600 At the
present time the earnings do not warrant
the establishing of the stock on a per
cent basis. The dividend will be increased
as rapidly as the earnings warrant, and
at the present rate of expansion it Is be-
lieved that within comparatively short
time it will be possible to pay the full
rates.
1t is understood that the preliminary
statement of earnings for the last fiscal
year. which will be presented at the meet
Ing of the Erie directors today. will be very
satisfactory, and that the gross earnings
were $50.000.0N in round numbers II
quorum Is present the regular sen1i-an-
nual dividends on both first and second pre-
ferred stocks will be declared.
Men who apparently have had~in inside in
formation with respect to the character of
the buying Of Southern Pacific stock for
some time are confident that IL the mar
ket improves generally In the near future
Southern Pacific will be one of the most
prominent features.
Close observers of the market have been
impressed with the strong undertone in Bal
timore and Ohio for the last few days. 1t
is confidently predicted that should the
general market resume its interrupted adj
vance Baltimore and Ohio will be found
well to the front of the leaders
Paper makers IN the. thIrty-three mills of
the International Paper Company In the
United States and Canada, according to a
dispatch from Buffalo. have given notice
that they will go on strike August unless
their working hours are reduced to eight a
day without reduction in the scale of
wages.
The Paper Makers Union will hold a
meeting In this city Monday to form plan
OF action. The. International Paper Com
pany has been preparing for just such a
situation.