The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-07-24
GOSSIP or WAL STREET.

| From the annual report 20 stockholders
I OF the National Load Company Tor me
hscal year endsi Becon,ber n. 100 issred
last May After the payment ot regular
quarterly dividends on both the rreferr~n
and common stock. of and per cent
I - pectively. aRgregaiing - ~ .ih!. re-
mainder 81 81. oi7 was added TO 'snrplu.
account which a. the close ~ the hs'al
year was a7I1s7c u viii 10 noted that
the company has obligations of but s;''.S''.
representing current accounts IN process
OF liquidation The volume OF business
shows nota Bile increase over that OF The
preceding year and exceeds In ionnas"
anyth hing In the history Of the company
Ibis increase was apparent in all the Narle
branches Of your business. was uniformly
distributed over the whole country AMI
free from spasmodic movement In III"
last half Of the year all raw material snter-
Ing into your finished products advanced
an value and measurable increases we're
made In tho prico OF manufactured goods
Fur her on and IN conclusion tho report
states. The business Of the current year
exceeds that Of last. and " hilo u il vet too
early to make predictions the general pros.
T'srity Of tho country juS'ifle~ "a hopeful
outlook Active competition continues. hu'
It Is wholesome rather than destructive
The general expectations for good
hahA NtTt uhN hANhPNphh''7H
The showing was once again highly favor
able Tho large increase in cash holdings
brought the actual reserve up ia see a3S OoO.
against tSa. as go last year Three weeks
aRo the actual surplus WAS but s. ,60o Ooo
Loans during the same pertod have been
reduced by SEQ. IsI .Ooo Tho average sur
plus OF SEQ 72s $50 j. the highest since octo-
her. 1905, and compares with s3i.,oi 90
at this season In 1902 tss. $4,000 in las.
81 :5s ono IN 1907 ts s92 OO0 In OoS 81 .3oi no
In Iao5. So Ds9.O 90 In 1904. sIS.sII.ooO IA ieoi
sIs. n! .Ooo In l9O2. s?3. l2S. OOO IN 1901 and
az ,a5i .OOo in 1900
New low records for the year were again
made by a large number Of the active stocks
Chcsapeak. and Ohio. IN" Erie issues. Read
ing. Louisville and Nashville. southern
Pacific and Wabash preferred were the
principal ISSUES in the railroad list Della
war" and Hudson and Rock Island preferrad
both equalled their previous low levels and
Pennsylvania was just =. above It, stocks
in the industrial list included American
Locomotive. American Car and Foundry.
Pressed steel Ca.. Slos=- sheffield. United
states Rubbsr. United states Steel. West
inghous@. Western Urnon and American
Cotton oil
As was also tho case on Friday. the re-
sstAnce 81 Amalgam9ted Copper com
handed attention. Utah Copper vest eTday
also held firmly.
Wall Street sentiment a. it is expressed
In the weekly and daily brokers letters has
ba'ome extremely b..arIsh Very fcr
brokers are found who take n hopeful view
Of the markets. immediate future. and many
openly advise the selling of stocks. Shrcwd
observers whose basis Of operations - 60
buy stocks when everybody else IL selling
and TO soil them when everybody else wants
a 4. Ill
vading spirit Of pe-simi-rn the near ap-
proaCh 81 AZ least n temporary Culminatio n
OF the pres"nt downward movement.
study Of the combined operations Of
all the railroads OF the country for MAY may
surprise many people who have been talk
ing most pe-simistically OF the railroad
business In the United States in the present
year. Compilations by the Financial hroa-
icie OF the returns OF 735 roads representing
~ per cent. Of the railroad mileage Of the
country for the month Of May show an
increase In gross earnings of ISL .aSS 800 or
10 % per cent. an increase Of t2a 80 js7 in
expenses. or " ~ per cent and an actual
enlargement in net OF o. 22o So. or > ~ per
cent This showing IL all the more note
worthy when II - remembered that ia May
the railroads OF the Fast we're operating
under the burden OF the higher wage Scale~ I
In this month too the policy OF retrench- .
rnent lately generally adopted by all the big I
lines had not been vet put into erec'
The attitude OF railway labor both on !
this side and IN Europe has caused a good
deal of uneas ine>- for the last week or 30 /
France has been threatened by a wide ,
spread strike many thousand men on the ,
North Eastern Railroad In England went /
out on strike suddenly last week in Canada
service on the Grand Trunk WAS seriously
nterfsred with when the conductors and l
tralnmsn abruptly stopped work and In /
our own country the penns ylVanta ha.
lust settled dispute with its employees.
The English strike promptly failed and n i
h eypeoted that settlement, " III be effected
VA other Instances