The Washington herald., 1907-09-17

Business on the Washington Stock Elk
change opened yesterday fairly brisk.
after the sagging prices and general dull
ness at the end OF last week. The trans
actions OF the day We're 1522 shares OF
stock and $500 in bonds
Among the bonds Capital Traction IS
We're IN good demand the prices ruling
at HOS IN stocks Mergenthaler. Mitchell
Mining. and Gas DIVIDED the h0nOrs OF
the day The linotype stock sold in scraps
at 2o5 and 2Opa. not much Of the stock
being on sale az the prices bid. Mitchell
Mining was apparently IN blocks 70 please
the buyers, and sold on regular cali from
Ia down 10 ~. After call an option on
Loco shares was fixed az ] 1882.
Washington Gas fuctuated on sales be-
tween 20 and Il. Efforts were made 70
get offers on larger blocks Of this stock,
one broker trying 10 secure an otter on
100 shares and another on 800 shares II
was rumorcd among the knowing ones
that some of the big officials OF the com
pany were again in town, and that from
this time on inside support would be given
70 Gas. in the hope Of buying in "a lot Of it
that IS known to be in the hands Of out
siders for safe NJ better figures than are
now quoted on the board.
MIR. Parker Goes to Mexico.
Myrou N Parker, one OF the directors
of the Greeue-Cauanes Company, is on
his way to Mexico IN company with Col
Greene and Thomas +. Cole 70 inspect
the mines and make au Investigation on
the ground Of the needs Of the situation
in the way of further outlay for develop
ment and machinery.
Charles c. Glover was on the stock eX-
change yesterday, looking much improved
from his six-weeks' outing at York Har-
Dor, Ne
The directors Of the Riggs Bank have
declared the usual semi-annual dividend
of 10 per cent. payable on October J.
doctors OF the Norfolk and Washington
Steamboat Company have declared the
regular dividend Of Q per cent payable
on October l.
Several Washington brokers were yes
tcrday lntcntly studying the circular sent
ont from New York describing the new
issue of the Union Pacific convertible
600 are 10 De issued.
These bonds bear date Of July /. 1907.
and mature twenty years later. but the
company has the right 10 take up the
issue IN its entirety on or after July I.
l9l-, al 1921. by giving ninety days notice
Holders of the bonds may convert them
into common stock of the Union Pacific
Railroad Company on a basis OF $40 per
share, any time prior 10 July /, 1917. TIE
bonds are issued in registered OF coupon
form at the option Of the purchaser.
Union Pacific System.
As these bonds are debentures the cir
cular presents an exhaustive statement OF
the Union Pacific system. The Union Pa
cihc system proper, consisting Of the
Union Pacific Railroad. the Oregon Short
Line. and the Oregon Railroad and Navi-
cation Company. comprises $3.50 miles.
with the s,lsl miles Of the Southern Pa
Cidc, and thc-3029 miles Of the San Pedro
road both OF which 10 controls. the sys-
tenn is supreme over l5.S5s miles of road.
II also dominates 5.GtS miles Of Illinois
Central 4o3o miles Of Baltimore and Ohio
and 81 miles Of ST. Joseph and Grand
Island. a total Of 1000 miles more. III
addition the Influence of the Union Pa
citic Is large in S4H miles of Atchison.
1922 miles Of New York Central 6sa
miles OF 81 Paul and $50 m les Of Alton.
a total Of 2N6g7 miles more The iufiu-
ence Of the Union Pacific system covers
5i.53f miles Of railroads as well as the
Pacific Mail Steamship Line 10 Japan and
the Orient