Omaha daily bee., 1910-04-17
RTO PRESIDENTS NAY QUIT SOON
English Capital Begins to EnerOsoh
Upon American Railway Lines.
HILL ROADS SHOW BIG SURPLUS
switchmens' strike and Bad Wenther
OaIy Things HAVING Tendency
90 Betard Onward March
of Industry.

VIEW YORK. April lG-tSpecial Telegram
20 The Bee ee)-Cummeucing Monday. when
the United States supreme court ordered
the re-argument Of the American Tobacco
company and Standard Oh cases. the stock
marke. commenced % assume steady
strength There was a relaxation in the
business hesitation throughout the country
when the announcement came from Wash
ington.
This week the total business Of the stock
market was about le0s.e9g shares. and
widely distributed. There were several
contributing causes this week to add a
brighter feeling to the market
The United States Steel corporation has
Increased the wages Of it's $4,000 men prac-
ticaIIy 8 per cent. which VIII likely fore
stall any labor troubles. The coal miners
in the western Pennsylvania district and
skirting the Pittsburg coal belt have
advance OF wages Offered them, but the
strike situation is by no means improved.
President Tafts attitude against the pro-
" ~P0sed Investigation had salutatory ef-
feet The gold shipments to Europe still
Keep up and at the present time si2,oOeooo
IN gold has been sent abroad
Railroad Changes Contemplated.
A number OF changes are contemplated
in the railroad field. A report from Non
treal says that SIR Thomas shaughnessy,
president of the Canadian Pacific. is plan
ming TO resign. 1t Is understood at ths
sans time that A. J. Earring, president OF
the Chicago. Milwaukee & ST Paul has
signified his intention OF resigning. Marvin
\ Husitt. president OF the Chicago & North
western. Is said to be contemplating retire
nent T. T. Harrahan's connection with
a "a, ha
Ioolsnd upon as merely nominal These
changes viii bring some new men to the
front
So far as the railroad industry Is com
cerrad. conditions or the week were en-
couraginw. Developments tended "a chow
that business Is growing steadily better.
English cHpital has begun 70 eneroach on
the American railroad field 70 noticeable
extent The Pearson syndicate Is now a
heavy holder OF Rock Island. The English
syndicate . also accredited with now hav-
ing eumplete control OF the LehiEh Valley.
The Pearson clique holds sis0oe.oop worth
OF Rock Island bonds. in addition to the
preferred and common stock
President Howard Elliott OF the North
eru Pacific. who was in New York several
days before leaving for St. Paul said thai
conditions west of the Missouri river were
highly favorable for a good business year
He said that there was an increased acre
Il arr under cultivation and that the lumbel
industry was undergoing a boom.
AZ the end OF the eight months OF tn.
current fiscal year for the Hnl roads. thre'
ae the four had earned a fun years surplu
required to maintain the current dividends
The Colorado Southern has the wides
lead over surplus requirements. but tn
BurlIngtun could easily Increase its rate
II the controlling lines SO desired
Bfg Deals In sEGhs.
The suitehmeu's strike ana the weathe
retarded business
There Is little likelihood that the Grea
northern win increase its dividend or max
any extra distribution. The Baldwin Loco
motive company viii bring our NO,0oo "a
bond issue. II il believed. and present indi
cations Apparently bear Gsis &c sssfesgsezs'
that the gross earnings Cor Atehison thi
year viii be between a0SOs0.Ooo ana S04
0g80o6
y consultation today showing the earning
Of m Hould roads az the end OF the mint
month af this fiscal year showed an aggre
gaze increase in the gross earnings amount
ing to nearly Sl2.0l800 OF this amour
the Denver & Rio Grande contributes III
ereatest share Next Is the Missouri Pa
NAtlE anu AilN AIA-eA ~ aAN~AA - N-AN 49,
Belt
The directors OF the Amalganated Coz
per company VIII meet Thursday OF nez
week for the purpose OF taking action o
dividends. n is expected there VIII be q
change in the rate. John ID. Ryan. pres
fent of the Amaignmated. says the outloo
Is most optimistic. During the latter pa
OF the week the sales Of copper metals il
creased. Calumet and Hecia advance
II their prices for that reason.
The reported movements OF money tn
week Indicated a cash gain in the reseT7
Or ABOUT s. sg3 l9a Fairly large gains froi
the aubtressurg offset the amount OF q
gold experts.
Ia quarters Ia close touch With the a
fairs OF the steel corporations report saa
common stock viii be placed on q 5 y
cent basis. Industrial infgrnarion fro
the southern fields. especially lAe o-e Aeie
SHOWS no disposition 20 better ere prices