The times. [volume] (Washington [D.C.]) 1897-1901, 1900-09-19


own satisfactorily, showing that there is
| little disposition among holders to sell
them on the prospects of the strike.
The Reading statement for July was an
other matter that the bears endeavored to
use TO break the securities of this COM
pany but they did not succeed with 1t any
more than they did with their dismal sto-
ries Of inevitable strike losses. The fig
ures OF the statement are not good, but
! the less is all with the coal end of the
system. and there seems TO be a DISPOSE
ton among careful market people to re-
gard the showing in this direction for one
month. and that month July as inmate
rial. The railway had a good increase of
gross business and of profits. The figures
of the statement are as follows:
Reading Company for July
Railway Company:
Receipts ............... g. 1S9.74s Inc ,8si
Expenses ..-............ 1,4l0,SS2 Inc l3l,762
Net earnings ........... s72o,4ie he so,62s
Coal and Iron Company:
Receipts s.. o97,c5l Dec. sos, OBJ
Expenses ................. 2,122, 1879 Dec. 2,159
Deficit ................. s26,ISs Inc. .SsOo,9os
Reading Company:
Net income ......-.-.... s24,75i Inc. 1888
Net all eompanies..... SIPS, o32 Dec..sleO, 75s
Fixed charges ............ $1,000 Inc. %, i55
Deficit ................. $5s05s Inc. .S2l5, POS
The st. Paul statement for the second
week of September showed gross earnings
of SS34,S7s, a decrease of $1S.346 The
reason why this does not worry the hold
ers of st. Paul stock is not hard to dis
cover Last years gross earnings were
larger by nearly S4.060.OG0 than in any
previous year of the company. The net
@ of no ppr OF 10
as in the year 1889 but the only reason
for this was that the management ex-
pended the surplus millions in extensions
and improvements which were charged to
expenses III all this immense outlay
had not been made the company would
have piled up for the common stock more
than 20 per cent. These big expenditures
for betterment will continue but they will
not be so large this year as thay were
last And in addition to this the cost of
legitimate operating expenses will be less
than 1t was last year, on account of the
fine track and equipment and on account
of the lesser cost of materials this year.
II is therefore more than likely that
while the gross earnings may decrease
somewhat from last years phenomenal
total, the net earnings will increase. The
st. Paul is one Of the most wonderful rail-
ways in the country. Its prosperity is
superb. Its dividend is as sure as any
common stock dividend on the list not
excluding even that of the Pepnsy lvania
or the New York Central Last year the
company paid sum equal to 10 per cent
on the common stock for betterments
that many considered not needed and had
remaining 10 per cent more for the stock,
5 per cent of which only was paid out
The granger securities generally held
their own yesterday. but showed little
activity. St. Paul closed al 112 SIS, Bur-
lington at 123 3-S, Atchison preferred at
So 3-S, and Rock Island at 105 1-2. Atchi-
sen preferred is being absorbed quietly
by careful people.
Sugar fiuctuated between eXtrnme quo
taticns Of III and rs. from whi,:h it may
be inferred that the stock was dull. The
close was at the bottom price but there
was little disposition TO sell the stock
The talk OF the day regarding the Trust
was that il has been supplied at all times
with raw sugar, while the opposition
companies have on enc or two occasions
recently been very close to the end of
their supply. II this is true II will be
seen that the best stories told of he i'm
mense profits OF the Trust recently must
have been below the truth. In the after
neon yesterday ii was stated on what
seemed to be good authority that there
are several consignments of raw sugar
due in New York this week. which will