The times., 1899-02-11

There was talk of the refunding scheme in
Burlington as the stock advanced yester-
day, but nothing official or semi-oficiai
was given out. 1t is well understood how
ever, that the refunding of the company s
Indebtedness will almost surely be accom-
plished in the near luture.
The st. Paul earnings statement, while
not as tremendous as those OF recent
weeks is not in any way less than entirely
satisfactory The aggregate gross earn
ings for the first week in February were
s53U,00O showing an increase over last
years large earnings of S5g.700. The in
crease over other recent years is still more
satisfactory, i'll no case being less than
100000. The intense cold weather and
heavy snowfall throughout the West has
lessened traffic materially, but the falling
oil Of business for this reason can he only
OF short duration, and ahead OF the road,
and, in fact, of all the granger group. are
months of almost certain immense earn
ings. The snow is an excellent matter for
the wheat, which is reported to be in eX-
ccllent condition. There seems 10 be no
doubt that an increase of the dividend
rate of ST. Paul and Rock Island will oc-
cur this spring.
The coalers we're strong though they
Central went up two points to 1Gi Is and
declined TO i02 Ii. The Reading securi-
ties and Delaware, Iackawanna and
Western acted III a similar manner. Del
aware and Hudson advanced point and
quarter to 1l3 3-4 and closed at the
top. The cold weather was supposed to
be the cause OF the buying of the stocks.
The fact that Mr.. Truesdale is comforting
with the Delaware, Lackawanna and
Western directors over the question of ac-
cepting the presidency of that road is also
regarded as a bull argument in some
quarters. The talk of dividend for Read
ing first preferred still continues, but with
no foundation that can be traced to re-
sponsibe source.
The Atchison earnings statement for
January Will. it is said, be a record break
er. The weekly gross earnings during the
month were immense. II is understood
that there is a quiet picking up of the
preferred Atchison stock all the time by
influential people. and that the move
ment for some time predicted for the stock
is likely to come soon. y small net gain
was made yesterday. the close being over
81. The fine prospects for the hauling OF
corn during the coming months are re-
garded bull argument on Atchison.
Rumors are floating as to another divi
dend on General Electric preferred which
will pay up all the passed dividends. 1t
is also said by insiders that an increased
dividend on the common stock is likely.
The insiders are understood to have been
large buyers of the stock as il has ad-
vanced.
Missouri Pacific and Texas Pacific both
continued their advance yesterday on the
rumors of merging of the two roads,
but in the afternoon all the gain was lost.
T., ha CafI . hat off
produced by the rumor, and there seemed
to be little buying of the stocks except by
traders. Missouri Pacific, however, is
selling at low figure now and may quite
reasonably be expected to have a good ad-
vance if the general market is favorable.
Peoples Gas was strong yesterday, much
to the disappointment of the bear coterie,
which had expected to push the price down
on the talk of anti legislation in ! Ii
nois. Inside interests talk most enthusi-
astically of much higher prices for the
stock on its next upward movement.
One of the good indications OF The
strength of the market yesterday was the
good buying Of Pennsylvania, which ad-
vanced two points to 1873 l2, aud closed the
day with a net gain of more than fu
| point. Pennsylvania is conceded TO be
| worth considerably more than its present
| price intrinsically It's position is the
| strongest in the railroad world.
There was much selling of the subsidy
| stocks yesterday on the theory that Mr..
| Cannon's opposition to the subsidy bill will
| be fatal to its passage this session. Not
| withstanding this fact. however, there
were buyers for all the stock offered, and
| net advances were scored both in Pacific
! Mail and in Central Pacific and Southern
| Pacific. The chances seem 10 be that the
! bill will not become a Law; but so that
| all these stocks will have some advance be-
| fore this fact is known positively and final
| ly. The friends of Pacific Mail continue to
point to the magnificent position of the
| company with reference TO the future de-
| velopment OF America S Pacific commerce,
/ whether subsidy is given it this session
| or not.
| New York Feb. 1O.-Bradstreet tomor-
| row will saw: