Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-07-12
TALK OF THE STREET.

Official announcement that between nine
and ten million dollars of the Atchison
bonds have been taken and that six mil
lions had gone abroad was rather a sur
prise to Wall street. It had not been ex-
pected that nearly SO many would be
taken
1t Is said unoff1cially that a very large
proportion of the Union Pacific underwrit-
ing went abroad. and that payment for
these bonds. well as for the Atchison
bonds, will be influences in favor OF the
money market at time when cash is
needed for moving the crops Stockholders
took 100000 of the debentures.
In London yesterday milion-dollar
loan was underwritten for East Indian
railways. The loan bears interest at 31k
per cent. and Is underwritten at 95. De-
tails of the new Japanese loan were not
made public.
Bids for sixty and ninety day money and
four months money were advanced VI per
cent and for five months u per cent yes
terday. Loans for six months were made
at 9 per cent against bill of 5X per cent
the day before.
of the Mobile. Jackson and Kansas City
railroad and of the Gulf and Chicago rail-
road. L. s. Berge OF New Orleans was
elected to succeed him.
The Westinghouse Machine Company an
nounced that it's net earnings available for
interest and dividends for the year ended
March 81 were $1.212, 1873. The average
annual net earnings for the last five years
have been $S1S,6S6. The last quarter was
best of all, showing net $4OO,S22
The governments estimate of wheat is
much larger than the estimates of private
experts. and in recent years the private
experts have proved more accurate. H. V.
Jones says the entire wheat crop will not
be more than 55OOOOOOO bushels. Snow,
who is INC more optimistic, says the crop will
says it will be 635 5000
The financial statement just issued by
the st. Paul shows surprising gains in
gross and very small increase in operating
expenses. The gross increased 9.Ol. while
the operating expenses increased only O56
per cent. A gain of 1894 is shown in net
for the nine months of the fiscal year.
But 1t must be remembered that the st.
Paul is doing an enormous quantity Of con-
struction work and is charging itself for it's
own freight.
The only profits 1t is fair to consider are
those made in actual dealings with the
public. The steel trust padded its last
annual report by counting transactions
among constituent companies.
A queer light is thrown on the American
Tobacco Company by the bitter complaint
of its officers. who say that the company
permitted the government to examine it's
books and its employees freely, and that,
therefore, the use of facts discovered is
unfair.
The Baltimore and Ohio Railroad Com
pany declared the regular dividends on
Uotu CidSoeS VI oloSh, otiu oShAeu IL Was
contemplating any bond short-term
note ISSUE Its earnings were announced
for the year ended June 80, June being
partly estimated. The gross is $s5592 GA,
an increase Of $474S565. A surplus is left
of $1i,471 ,S64. and after the payments of
all dividends final surplus remains Of
S.. 1916
Announcement that the report of the in
terstate commerce commission on the Har-
riman railroads would be released for pub
LEGATION on Sunday morning caused some
R~l@ ord
1t is possible that a syndicate may Of
fer to lend the Atchison the difference be-
tween the amount Of its bonds subscribed
for and the total Issue, charging per cent
for the money and taking an option on
the bonds at par.
M D. Martin, who was a stock exchange
member Of the firm of Charles e.. Gates
Co. has sold his seat for $4,000. This
is So. 600 less than the last sale.