Show RAILROAD EARNINGS I S AFFECT WALL STREET Advances Made by Main I Strength and anti Bears Are 4 I Hop Hopeful op ful By fir Thomas C. C Shot New York In May Some Som very bad bud ro road d earning caused an all it regular ii market In InWall Wall street t today New w IW Central allowed a deficit of oC of for or limo tho quarter u r- r ter ending March farch SI n. n or at tio tto rate or of a year yemmi H I So Soul i hern Pacific showed a Q ease deem In net earnings of or 5 sm for or March Harch although the tha gross ro t earnings w wore re greater eater than for Cor or the u same IP month last year Union Pacific showed an aim In Increase in 10 crease CIC of for March in net al although although al- al though the th gross Increased ell t to X New W YOlk Central showed Ii w lJ n fi a. gross ro 10 In- In Ct CH e of ot J Ji for or the quarter time tilt tremendous tre tre- 10 losar b lo the tho S' S being in La way of or operating expenses S These between toss s and net earnings mire are b beginning to much attention among InvestorS In i Should time Hie I talked of ot I reaction Uon c cOme me In iii n business tIle the operating expenses would quickly help dividends Some good authorities ar are of or th the that unless unseasonable unseasonable I able ahll weather in hI the Vest Is b s quickly U ended the stock stok market will quickly collapse again regardless of or what wha t I tile the bJ big people do do to lo hold It up II The Tho advances ad ad- vances r are arc mado b by main strength Traders Trad Trad- IIi ers are arc not short yet ct because C th they were vere to Eee the thc list list high as po pos pee sible before borc bC beginning their operations They recognize tile tho strong hands ha ml a under the tho market anti ant ando o 0 not Ill cote t to put themselves them them- selves In Jeopardy by bort Strength th in Brooklyn Rapid Tr Transit was w duo to toa a 1 b H r that time t public utilities bill would be bc t killed killa al at Albany Reading ln wa was stron strong On oune announcement li lt of big carnIn earnIngs earn carn In Ings s h by the tile coal Oll department of tho tle com COnI- pany Copper r felt the time Influence o of Law sons son's manipulation ma from London These are al' alsa sa sad d days at nt No r 20 i Broadway and anti anything that will lu help hell I stand U uj Ui is welcomed even welcomed 1 C even n Lawson J In II tI lie U St It tl 1 Tile The number of or shares of or stoc of-stoc stock sold wan was waR lS n against 11 Olih th the corre corre- spending day last year par The Time total par pal value of f sold sold to today today today to- to day was Ui 5 a against 2921 the corresponding day Jast last lasi year a ai 1 1 P. P u J Augustus ustus lI bought control on rol of or tile the Washington Life Ufe co c company from t P. P Ryan Han la lai l night at nt tSO tSOa a share Th Tills This gives es Mr lr n Ryan nn n fJ pi nt on oil time tho S M IJo investment In he ho made In th tile the company's stock two years ago aso The Tho movement mo In iii National Lead Is ts Is based on very ery I a earnings gs o of the thc com corn pany Some of f time Iho sl bt-sl people In iii the street arc are hell helping l the h movement mo along in tIme the hope of getting the dividend so to o olon lon long promised The Time United Railways as Investment Int company com corn pany shows III Investments nt for time the year car but hut little under tho those of or previous pre years cars although Its San system was nearly nea destroyed in the time earthquake In n Philadelphia U tt earned enough to lo leave INn leavea a 14 surplus for fol the Lime year ar of ot More 01 than 91 l p per r cent ClIt of or th tho ho company's compans mileage mile age gt In San Francisco Is Iii now In op operation opera ra tion tiomi Mom Moie 0 than has ilas been expended ex cx- in replacing tracks destroyed tl by bythe bythe the time earthquake It Is proposed to lo Is issue uc of first preferred pm stock tock against t the tho San Francisco tom I. I S of rail railroad road a ar arS a S matting matting- nn angry r to the of r their salt sale of bonds ll al Increase e of or dividend nd 1 lucre nero never would have hl been any n objection to a amy ary I of Dr thies things s. s hut but for tor the fact tact that the time directors w were rc In a big biJ pool six months ago ao that advanced ad art winced th the stock to to ton toa a n hl high h record price prIc and arid th then n unloaded on a public which had lied been bOen deceived b by tt statements t mn made b by byDie Die pool manager N who will also was sas a director of the time company Hillige of C rh Prices Tile The range ranse of or prices was wn a as follows Collin p h. h tIlL Am Car Itly Ith S 3 S 34 3 US SS s Am Smelt Smelt- I IS ti 13 13 1 Am mil L Loco co o. o i. i 04 aH t tI 04 IH 2 Hi Am Sugar SlIg r j J 13 I 1 1 J K mn Gop Cop I. I S I W Mi Mi 6 Ana Copper Ij Co 60 F. f G 61 Cl A A- ANTi l MU i 1 R. R an and O 0 O. O J i L IWi A R. R R. R Trans TIan OO GOI 62 CO GO t Rl II Can Cnn Pac Pae i I i 1781 Ij 17 r li C C. C and O O. J 4 12 IY 42 4 42 C. C S 'S M. M I. I i. i iid St. St P US i C. C I P. P ami I. I I. I ij i Si 11 y t Y J. J j Ei-j IJ r j H I 2 2 J J. J al and amid tI X 1 K 0 1 1 12 I 12 Mo 0 Pat Pac Ij 70 5 S 70 lt f ji 5 7 j ii M. M f. f K IC nut T 1 s t m 21 37 37 miot X N. Y Cent 11 lia i 11 lIS X N. Y O. O and andl W. W l' l 1 2 L a t Z 2 3 A 3 li 2 X N. ant and amid 1 W 7 1 v 7 1 Nat at 1 Load U O f A i 0 j nr v I J n 1 I. I ISO lC 4 c I 12 Peoples People's s 's las Gas r 13 I 3 JJ i 5 Reading IWi J l 11 1 li T- T nn te S 1 U 11 1 13 3 n Rep p. p I I. I multi S S. 9 21 s So R Ity Z 22 H H So o. o Pad Pacific fie Si 4 C Union P l 13 WJ S l H 14 U. U S So Steel Slee IS 33 35 35 Preferred Iok Ir M 10 I 11 j Utah Chili popper L 00 4 I 1 i Tenn Copper J ii 11 I 4 J hi tOIl Y 3 11 r JH I r x DIJ |