Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-08-08

best. It has been hobby of c. W. Bar
ron, principal owner of the Wall Street
Journal, to seek talent among the grad
yates of educational institutions. For the
last half dozen years or more he has been
taking on candidates from that class,
though never before In any one year to
the number of twenty. The success that
has attended the experiment encourages
Mr.. Barron to believe he has hit on a
good thing-good for himself and good
for an annual output of energetic. capable
young men trying TO find a place to
break in Living salaries are paid these
youngsters. nothing princely, but more
than they would get beginning in lawyers
Offices banks, railroad Offices or counting
rooms. Some will stick and make good
in financial journalism and the rest will
scatter to other callings. None Will be
loser by the experience.
The attitude OF the great majority of
active brokers on the exchange and of
commission houses in general to their
customers is TO take profits. There has
been a good deal o. this going on among
the moderate and small professionals and
the chronic tape players who are salts
fed with small winnings and who are the
meal-ticket constituency for the members
of the exchange.
Tipsters of the better class have been
busy with Louisville and Nashville this
week They insist that there is some
thing about to be done in l.. & y. which
will be of stock market advantage They
are likewise again active with Reading
This time il has TO do with the advance
in Jersey Central, which has crossed 3OO
Reading has s14.OO,OD out of the s2s.OOO,-
OCO capital stock of Jersey Central, which
stands on the books at par. At present
quotations the purchase shows a book
prOfit of $oS 900 600, an asset which has
not been understood at its proper APP
praisement Reading is as full of hidden
assets as Jim Hills roads in the north
west.
Indifferent to Chinese Loan.
Wall street refused to get excited over
the Chinese loan negotiations. Indeed
there is vast amount of ndlnerence'
if not positive ignorance over the matter.
So far as can be learned. nobody out
side of the small clique of international
bankers is trying to lend money to
China or is I'm the slightest degree IN
terested There are two sides to this
thing of opening up China and enlarging
our market in the far east. The reverse
side of the proposition is the develop
ment of a long-dead labor market and
the possibility of ultimate competition
between free American labor and SO,OOO.-
Coo celestials who can grow fat on 8
cents a day wages. The prospect Is one
which is likely to interest the American
workingman quite as much as the Amer
lean capitalists.
Pennsylvania and New York Central
have been running a neck-to-neck race
for the last week or ten days. One day
the Central is ahead and the next day
Pennsylvania, and SO it has gone through
an advance of about 10 points. Both
roads will have to borrow large sums
of money within the next few months.
and as a part of the play little market
activity on a rising scale will do no
harm to the credit of the two great
corporations.
One Of the things often referred to by
bulls on transatlantic railroad stocks,
especially the Hartman Pacifics and At
Gibson. is the tremendous colonization
which is going on in the Pacific states.
notably California. The prediction is
heard frequently that within twenty-five
years the population of California will
be between 1JOOO.OO0 and 2O000.OO0. That
seems like a very. large order.