The times., 1899-09-20

points on saturday and Monday. Missouri
Pacific went off many points. The st. Paul
system mas earned since the 1st of July
nearly S2,000,000 in excess OF the earnings
for the same period last year, which up
to that time were the largest in the history
OF the company. It's statement yesterday
for the second week of September showed
an increase in earnings of S35, 600 Last year
st. Paul earned IL per cent for its common
STOCK 1t is certain that the record for this
year VIII be well in excess of that figure.
LoulsYllle's statement for the second week
OF September shows an increase of earnings
of 1000. The average increase since the
beginning of the fiscal year has been as
great as this, and yet last year the COM
pany made showing that was one of the
wonders of the year. The present rate of
earnings should mean something like s or
8 per cent on the stock this year Missouri
Pacific showed gain in gross earnings of
1000. Its showing on the stock is some
thing like per cent, and its prospect for
the remainder of the year is superb. The
moral of such contrasts seems to be that
careful buying of stocks with faith in the
prosperity of the country cannot go wrong
if one is patient with market idiosynera-
cfes. Railway earnings must tell in time
against all raids made by Mr.. Keene and
his friends. A stock earning II per cent
even if it is only paying per cent now is
worth more than 125 when the outlook is
for continuance of good times. A stock
earning per cent, like Louisville and
likely to be put on or 6 per cent basis
is worth more than rs.
The traction securities pursued their er-
ratio way yesterday, with magnificent
squirt in the morning and early afternoon
and tumble quite as pronounced at the
close. Brooklyn Rapid Transit, which on
Monday, went as low as rs and a fraction,
yesterday climbed to 81 ga, an advance of
points. 1t went off at the close to so, the
final quotation being the lowest. Metropoli-
tan was even more volcanic in its early
squirt, getting as high as 1913, or more than
10 points up from the lowest. 1t dropped
then to 1874 3-4, the closing figure. Man
haitian advanced 1-2 points from the low,
and thee lost 1-2, closing at 10S rs.
There was a most vicious drive at Brooklyn
during the last ten minutes of the day,
which many interpreted to mean that the
stock will be attacked again today and per-
haps sent to lower figure than any yet
reached 1t will not have to go very much
lower to have lost exactly half of its best
market value, 1876.
Tennessee Coal and Iron and Colorado
Fuel and Iron were among the features.
Both were buoyant under the influence of
the same inside buying that advanced them
so rapidly two weeks ago. Tips were given
out in various offices yesterday that both
stocks will be put to much higher prices,
and that the Colorado stock especially is
to have fine squirt. The price of pig iron
is still advancing.
The best advance of the day was led by
the coalers, which spurted handsomely
around o'clock and helped the entire mar
ket. Jersey, which on Monday went as low
as lie IL, opened at III and went as high
as 121 Ia 1t closed at 119 1-2. Delaware
and Hudson made total advance from the
lowest of over points to 125 Ia and then
went off to 123 1-2 at the close. Reading
first preferred advanced TO SO 5-8 or nearly
points from the lowest 1t closed at 5S 81.
There has been a generally bullish sentiment
regarding these stocks for several weeks
past, and il is apparently we'll founded.
The antharicite coal situation is certainly
in better shape than at any time before In
many years. Gossip over the possibility
that Deleware and Hudson will receive
per cent dividends is heard in the street,
and there is also talk of the dividend pros
poets of Reading first preferred.
Pan Handle was one of the buoyant stocks
with an advance of 5 or points, and
little loss in the closing declines.
The annual statement of the Missouri,
Kansas, and Texas is as follows: