On the contrary, the President is stressing the importance of Taking a pronounced stand against the idea, and Of Government ownership is becoming more and Important economies can often beīrought about in that way. Them, and the requirements of economy makes themĪ necessity. Some conspicuous consolidations have already taken place, and others are evidently in prospect. Is a widespread belief that we are in an era of railroad consolidations. The managers of the roads have once more regainedĬontrol of their expenses, which had been utterly Much better condition than they were a few yearsīack, when they emerged from Government control. There can be no doubt that the railroads are in Louis & San FranciscoĬommon and preferred, Missouri Kansas & TexasĬommon, Rutland preferred, Colorado & SouthernĬommon, Peoria & Eastern and several others. The list includes Lehigh Valley, Missouri Pacific preferred, St. Nearly a score more of other rails enjoying the sameĭistinction. High records, and besides these there have been Have again distinguished themselves by making new Line and Southern Railway, common and preferred, The present week the movement has attained such dimensions as to attract The Stock Exchange and been steadily moving upward, establishing new high levels for the year in Time past the "rails" have been growing in favor on Wider bearing than is generally supposed. Security markets, and the significance of this deserves consideration, because it apparently has a More pronounced degree than before, dominated the The railroad stocks have the present week, in a The present year's meeting of this importcuitbody of investors, whose calibera_ William Dana Seibert Sec.Herbert D.Seibert. Jacob Seibert Business Manager, William D. Published every Saturday morning by WILLIAM B. C.įront, Pine and Depeyster Streets, New York. LONDON OFFICE-Edwards & Smith, 1 Drapers Gardens, London, E. Gray, Business Representative,ġ9 South La Salle Street,1 elephone State 5594. STATE AND CITY (semi-annually) BANKERS' CONVENTION (yearly)Ĭinm.too Orricn-In charge of Fred. Subscription includes following Supplements-īANK AND QUOTATION (monthly)I RAILW A Y & INDUSTRIAL(send-annually) Remittances for European subscriptions and advertisements.must be made NOTICE.-On account of the fluctuations in the rates of exchange. Within Continental United States except Alaska
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