New-York tribune., 1909-08-24

remained i'm the omen air for half hour and
talked with several of the passengers.
Mr.. Hartman still looks greatly fstgued and
I'm need of rest.
owing TO the heavy fog which has prevailed
throughout the entire trip the indications are
that the steamship Kaiser Wilhelm H. which is
bringing F. II. Hartman back from his health
seeking trip to Europe. will not dock until late
this afternoon.
II had been the general understanding that
Southern Pacific Railroad Company tug would
meet the liner down the hay and take Mr.. Har-
riman of, so that he might reach the Erie ter
minal and proceed TO his country place at
Arden with little delay possible but
Judge Robert S. Lovett. vice president Of the
Union Pacific and general counsel for the Har-
riman lines. received wireless message yes
terday from Mr.. Hartman saying that he would
remain on the North German Lloyd liner until
she docked.
The message also said that Mr.. Hartman
would receive the newspaper men the special
train which will take him 10 Arde1 Mr.. Harri-
man said in his message that he was in good
physical condition
Another wireless message received during the
day said that Mr.. Hartman was feeling much
better than when the steamer sailed from Cher
bourg
Ahtse Iepofts regarding tne returning rail-
road mans condition had a cheering effect on
Wall Street. and the stock market responded
promptly. Prices had dropped a point or two
after the opening. but when the cable message
to ex-Judge Lovett was made public all the
losses were recovered and the market closed
strong, with net gsins Of from /. point 10 12s
points in most Of the leading stocks.
The announcement that Mr.. Hartman would
receive newspaper men on The train while on
his way 20 Arden also had bullsh influence on
the market. being construed as evidence that
his physical condition was not such as 20 make
necessary any degree Of concealment. This was
said To be the first time that wireless messages
had been factor IN the stock market
The directors Of the linton Pacific and South
ern Pacific companies will meet to-day to take
action on the dividends and. according to state
ments in sem-oficiaI quarters the regular dis
bursements will be declared. This will be a
disappointment 10 certain interests in Wall
Street who have been looking for an increase
OF from 10 to Il per cent in the Union Pacific
common dividend rate and from q 20 per cent
IN that Of the Southern Paciac rate
This wti be the first meeting or the directors
or the Southern Pacific company since June
when they took steps 20 retire the preferred
stock In the fiscal year ended on June 30 the
company earned t27.O0O.O0O over charges or
about 1ois per cent on the outstanding stock
Owing 70 the sale Of securities the company is
also strong in cash.
The Union Pacific has earned 10 per cent on
its common stock In the 1909 fiscal year but
Notwithstanding these big earnings the directors
II is said will pursue a conservative policy and
make no increases at this time. Neither will
any plans Of segregation be discussed AT days
meeting Nothing Is likely 20 be done in this
direction. II is said. until Mr. Hartman has fin
ished his after cure" and returned TO the Street
He viii not, of course. attend to-day's meeting
as he goes direct from the steamer to his home
at Arden. there 10 remain until his cure is com
pleted