The times. [volume] (Washington [D.C.]) 1897-1901, 1900-06-07

Earnings statements generally are good.
The Chesapeake and Ohio gross earnings
for the fourth week of May increased ST.
239, and for the month increased $130.950
The Mexican Central earnings for the
week increased s119,74S, foI The month
| increased 5000, Sl6, and for the period since
January j increased s1,3s9,943. The Mis-
souri, Pacific gross earnings for the fourth
week increased s32, 600. for the month in
creased $4,000. and from January in
creased s1,003,2 $50. The Central Branch
earnings for the week increased $1,000 and
for the month increased $1,000. The st.
Louis and Southwestern for the week de-
creased $50, 400, for the month decreased
S22, 200, and from July ! increased 500, 522.
Jersey Central was practically the only
stock on the list to show any buoyancy at
any time. 1t opened at 120, advanced to
121 IS, and closed at the high price. The
story in the street, apparently founded
on facts. was that the line is to be leased
TO the Baltimore and Ohio. What the de-
tails Of the deal are does not develop, but
there can be little doubt that 1t is part
of the great plan OF the Vanderbilt Car
satt- Baltimore and Ohio syndicate to con-
troll the anthracite coal situation. One
story was that the Jersey Central stock
is to be guaranteed 5 per cent dividends
Reading was strong for time, selling
as high as IS SIS, but II declined at the
close to 81 Ia. The anthracite coalers
look to be among the best purchases in
the list on the reactions.
Sugar was firm for the greater mart NJ
the day, but made small net loss. closing
at ia ga. The statisticans figure that
at the present prices of raw and refined
sugar the trust has a profit ranging be-
tween SO IL and So cents a barrel One
authority reckons on a basis of ~ 12
cents a pound difference between 4.62 1-2
cents raw and $40 cents refined 1t is
supposed that the cost OF refining is 1-2
cent. which deducted from ~ 1-2 leaves
81 H. the profit on one pound. This
would be 50 1-2 cents a barrel of 800
pounds. The sugar business will be i'm
mense during the coming months and the
trust will lay up surplus over the per
cent paid TO stockholders.
The steel securities generally were weak
though there was some support and the
net declines for the day were not large
Steel and Wire went off to "a SIS, closing
at the bottom. Federal Steel common j
opened at 80 5-S. and closed at SO ga, after
selling as low as 80 3-S. Tennessee Coal
and Iron tunbled from ~ to 20. and closed
at the bottom. Colorado Fuel
closed half point higher than it opened.
all the bear talk regard
ing these securities there is no good rea-
son for selling them at their present level
and the chances are large that their next
important movement will be an advance
The statement was made yesterday by an
authority that the Steel and Wire Com
pany will open several of its mills during
the present month owing to a greatly in
creased demand for wire and other steel
products recently. The other companies |
will be following suit shortly II informa-
ton from good sources can be relied on. |
1t should be borne in mind that the wire |
common stock will sell ex-diyidend "a |
on June IS.
The Pacific securities went off with the |
grangers, and all closed the day with let |
losses. Southern Pacific was one OF the |
weak features, closing below "a. Northern |
Pacific common went off to So 3-s and |
closed at the bottom. despite the confident |
prediction that ii will be put on a 4 |
per cent dividend basis next week.
The securities of the big Eastern syndi- |
cate lines held their own as well as any On |
the list, and New York Central made a |
small net gain for the day. Central sold |
as high as 1871 Is at one time. and closed |
at 1870 rs. The Baltimore and Ohio secur-
NIT SAVES L,qm1H10vuAr