The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-28


H rH. ra0t s .U 81.
.... rr Hs- ..u. dividend basis .m-
..Iaf.-t TU. earnings .f fh. company
.arfIrl. .ru.H-e and it- -aufrgs ou rhe
stock ar. certainly larger han The earn
rIs of amy other . per cent stock on ne
list As matter of fact the company
might very reasonably put this stock on a
q per cent basis aud pay @ good dividend
20 the second preferred as well. ontario
and Western Jersey Central and Della
ware and Hudson were an advanced iu
sympathy with Reading. but not in "a very
important way. II seems quite possible
that they may DE taken mp today The
outlook FOR the anthracite coal railways
and for th,ir securities is better than it
has been for many years past
The earnings statements of the day were
an good The net earnings statements Tor
February hav, begun 70 come IN ana as
predicted heretofore they are fully mp 10
recent hu, records and in some cases even
better. The Atchis0u February statement
shows an increase Of S51S. 600 in gross and
an increase Of $llocoo IN net The gross
earnings were about 100000 and the
net nearly 81 o-o co., The Northern Pacific
statement shows net earnings Sel&.S36. am
increase OF s.. - 400 The Northern Pacific
statement OF gross earnings for the third
week ~ March shows S617.22S, am increase
Of So Geo The gross earnings since July
were So $50 -.6 an increase Of S2.i7@ l3l.
The Southern Railway gross earnings Tor
the third week show am Increase OF St',Ou'.
OF q total Of more than 30 railways that
have reported gross earnings for the third
week Of March here has been showing
Of nearly II per cent increase over the same
week last year. Il was said by an iuslder
Of the 81 Paul Yesterday that the monthly
net statement Of that company Will be
fine one.
one Of the statements heard in the
street was that St Paul is likely to have
a good advance in the immediate future.
II was said that an important financial in
stitution was a heavy purchaser Of the
stock Yesterday. st. Paul has been rela-
lively slower than the others Of the
granger group during the past week or
more and seems entitled to an advance.
though il is in reality selling higher than
either Rock Island or Burlington, in com
parison with the dividend paid Rock ISL
and is still a favorite with many careful
buyers and an advance to around l2O Is
looked for by them early in this move
ment II had only a small gain yesterday,
hut closed al the highest price for the
movement. ia Burlington got 10 $50 3-S,
and closed at l29 IS. St Paul went as
high as l24 SIS. and closed at 124 is. The
los both we'll
ported. but like the balance Of the group,
made no net gains. The common advanced
20 3 IA and closed at p IS, and the pre-
ferred after getting as high as Il Ia,
closed an i Is. Il seems quite likely
that the good February statement Of the
company viii induce out Of town buying
this morning.
Baltimore and Ohio common again sold
above the preferred stock yesterday. and
this time IT continued above, closing IA
better. There was what looked like good
selling OF the preferred stock at times,
and il declined from 81. at the opening. TO
81 at the close On the other hand, while
the common was not buuyant. it advanced
from 81 at the opening to 81 IA at the
close Nothing new regarding the stocks
of the company was heard in the street
sugar. iILt =bOth WHICH mas ItttA AAA' bAiF
hope OF The bear contingent dur
Ing all the advance Of the past two weeks
talthough il has shown no weakness},
yesterday began TO advance. During the
early part Of the day the predictions Of
a bad drop in the stock were as frequent
and positive as usual. but they had no eff
feet in stemming the current. The ad-
vance was to 10s IA, and The close was
at lOe with net gain for the day Of
nearly three points.
Federal Steel common advanced from %
al the opening to "a SIS. and closed at a.
American Steel and Wire common advanced
from IS SIS to IS Is. and closed at 81 5-S.
Colorado Fuel and Iron advanced to d IA
and losed al 80 .. Tennessee Coal and
Iron on the other hand. opened at 30. ad-
vauccd 20 g5. and then declined to "a az
the close showing a net loss for the day
OF 81 An increase OF activity was con-
spieuous iu the group. and the prediction
is made that important advances viii tie
made during Tie present upward move
meut. According 10 earnings and DIVIDENDS
paid. The prices Of an Of these stocks are
FAR 100 low compared with other securi-
ties on the list. The fear Of collapse in
these new concerns has been based on sup
posed conditions which. however do not
appear 10 exist. II Is found that immense
earnings are being made. sufii to pay
dividends on both preferred and common
stocks AID iu most cases to leave surplus
equal TO all dividend disbursements. The
outlook is thar he records for this year
and next win be quite as good as those Of
last year. II no. better. At some time ia
the future IL is possible that dividends viii
not be paid on The common stocks OF these
companies but the same may be said With
equal truth Of many of the railway sscuri-
ties which are selling al prices much
higher and the street is not in the habit
Of looking ahead quite as far as this.
The Pacific securities were again features
Of the list, Southern Pacific went as high
as 42. and closed ar a. 81 with q net "a Il
Of ID Northern Pacific went as high as
IS SIS aud closed at IS Ia. with net gain
OF L. Union PaCiGc was quierer. and
made only d fractional gain, ana Missouri
Pacific made loss for the day. Il is said
in quarters usually well informed hat both
the Northern Pacific common and the
Union Pacific common are &C. be put on a
4 per cent dividend basis in the near fu-
ure Northern Pacific was especially
huoyaut yesterday. on account of the fine
statements Of gross and net earnings put
out by the company.
The Chicago pool which was prominent
a week ago ~ builiug Western railroad
stocks, yesterday sold stocks by the whole
sale. This same pool also let go consider
able amounts OF iudustrials. These offer