Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-09
WALL STREET WHISPERS.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. April e-In his report
President l.. A. Cole of the National Lead
Company says:
Ample provision has now been made for
the large working capital required to con-
duct our business. Our directors now hope
and expect that beginning with July l next
dividends will be earned and regularly paid
on our common stock"
X
1t Is reported from Fairmont, w. Va,
that Alexander Brown s. Sons of Baltimore
are financing consolidation of electric
light and railway franchises in Fairmont
and Warrington, W. Va.
The Pennsylvania railroad has notified the
Trunk Line Association that 1t will with
draw from the party rate agreements cover
Ing labor. theatrical and military traffic
The reason given is that party rates are H.
legal.
The quantity of coal moved from the Pitts
burg pools In March was the greatest for
that month ever known. Over 100000
bushels moved. or an equivalent Of 500
boats. This is 10000 bushels more than
during March, 1908.
**
The Lehigh Valley railroad has ordered a
cessation of all Improvement work which
can safely be postponed and has cut down
other expenses as much as possible The
retrenchment Is to last until normal operat-
ing conditions are resumed In the coal
fields.
\
According to dispatch from Denver the
Milwaukee Trust Company has fled suit
in the United States circuit court for the
appointment OF receiver for the Ophir
Consolidated Mines Company OF Telluride.
1t Is alleged the Ophir Company did not
set aside 10 per cent of its earnings each
year as a sinking fund for the redemption
Of $25o000 bonds in accordance with the
and also that the property of the company
has been allowed to deteriorate in value.
-
Persons who have excellent sources of In
formation believe confidently that there will
be larger inflow of gold from Europe
within the next few weeks. They under
stand that in addition to 100000 due to
arrive next Monday. negotiations are we'll
advanced for s.. 000,o GOO more. They believe
also that these amounts will be materially
supplemented In the near future They look
for the stock market to be somewhat irree-
ular and perhaps fractionaIly lower hut
they are still very confident that as soon as
money is made to appear easier stocks will
advance sharply throughout the list
T.
From Cincinnati It is learned that
Thomas w. Paxton, attorney for the Cen
trail Trust Company OF New York, has
filed suit In the United State circuit court
for foreclosure on mortgage for $50 OO0.-
900. covering all the properties held by the
Cincinnati. Hamilton and Dayton Railway
Company. The suit Is brought by the
trust company in the interest Of the bond
holders. The Cincinnati. Hamilton and
Dayton Railway Company in January, 1905
authorized an issue of $50. 100000 bonds. OF
which s17,500,000 were sold. The interest
was defaulted In July and January and
the Central Trust Company, as trusfee
now asks for the sale of the road The
trust company, In Its action, also asks for
the appointment of a receiver to represent
the bondholders.
A Montreal dispatch says that In spite of
all that has been said to the contrary, there
is strong effort being made by Montreal
and Toronto capitalists to sell the control
of the Dominion Steel Company to the
United States Steel Corporation, and It can
be added that conirrnatory details may be
Forthcoming In q few days. It is said that
a meeting Of the interested parties has been
held In New York within the past week.
and that James J. Hill OF the Great North
ern is not by any means stranger to the
negotiations that have been going on for
some weeks past. The statement is made
that the promoters OF the sale control AZ
ready something like 10000 shares Of che
Dominion Steel common. and that the ac-
QUESTION Of twenty or twenty-five thousand
additional shares would make the merger
the promoters 81 the new move WIN Sc ahlo
to secure on the open market az som ~
their New York principals tell them to "a
ahead. -