The times. [volume] (Washington [D.C.]) 1897-1901, 1900-07-09
510.616 as the total of the other 165 prop
critics in which there were dealings. Here
are the Twelve:

critics in which there were dealings. Here
are the Twelve:
Shares. Net change.
sugar ACKNOWLEDGEMENTS. lSi-@gZ ADV. j y
Reading first pfd....--..... 9J3Sj No chang
Atchiyon pfd................ SjSS Dec. 4
Brooklyn Rapid TIansit...... 1855 Adv. rs
Northern Paciiic............. 62l5O Dee
Missouri Pacific. 51.Sio Adv 1.s
~. Paul 5b-5S2 Adv.. Il
Baltimore Ohio............ bj.5.5 Adv. 2I
Bu' nn@ tn ........-.......... 4,iI0 Adv. q
mon Pac- hc..-.-....-....... S955l Adv. =
iobaeco .-:....---..-........ ~ I,0 ADV y
i thfisNNdhla .-..-......--... 5s,ilo Adv. i
This record. after that of the previous
week, shows very well for the amount
OF covering done on the news frcni Kan
sas City. But two small declines are
noted and both of these arc in securities
which are relatively high compared with
recent prices. The active securities are
seen TO have been largely among the best
stocks on the list, for it happens At this
time that the bears have been selling short
these very best securities. the grangers,
the Paciiics. and the Eastern trunk line
securities. Sugar, as more often happens
than not, leads the list Of active stocks.
There is every reason to look hopefully
at the steel and iron situation. The diff
feTent companies and steel magnates have
beeH getting together over tHe
and from statements. official and unofficial
the street has absorbed the idea that the
outlook is good for the trade and for the
steel and iron securities as well. When
asked TO define the object OF the recent
meetings, President Gary, of the Federal
Steel Company, said on Saturday that
the presidents of the steel manufacturing
companies and pig iron producers gen.
orally had been in consultation with refer
ence to general trade conditions. So far
as he knew there had not been and there
was no question OF any disagreement be-
tween them.
mo decision has been reached, - he con-
tinued, concerning any definite plan for
the reduction or maintenance OF prices.
There is a feeling that the price OF pro-
ducts has about reached baton. Whether
or not the prices of any OF the iron or
steel products will be further reduced l
cannot say at This time. 1t was expected
that the steel men will come together
from time to time simply for the purpose
OF exchanging views on matters Of general
trade interest"
Later, In a formal statement, Mr. Gary
said: Although it is generally believed
the price OF pig iron and biliets is at pres
cnt high In proportion to some OF the
finished products and should be reduced 10
some extent as soon as circumstances will
permit. no producer. SO far as | am in
formed, has as yet publicly announced any
reduction. l think prices will rapidly ad-
Just themselves to the entire satisfaction
Of the producer and the consumer"
Mr.. Gary Was asked as 10 the truth OF
statement published in a trade paper to the
effect that about twenty blast furnac s.
with an annual capacity OF zoe. 600 tons. had
gone out OF blast in June. In reply he
said: II know Of only twelve or thirteen
furnaces which have shut down during the
entire month of June I think that there
are at least twenty-five furnaces that can
not afford 70 run in ordinary times, which
were started up during last years extraor-
binary demand. therefore expect to see
few more put out of blast
"Jakey' Field has bsen the heaviest buy
CT of the steel stocks of late. Whether or
not he contemplates a bull campaign in
Steel and Wire is uncertain. but 1t is evil
dent that somebody buys the stock on we8k
spots. II looks as though this somebody
was acquiring quite a line. The situation.
as far as the affairs of the company ae
has improved. One OF the i'm
portant points with Steel and Wire was to
get raw material at lower figures. The
market has done what negotiations failed
TO do. The general level of iron prices has
dropped TO about the level reached by Mr..
Gates in wire nails at one swoop. But
prices are to be cut still further SO as 10
"readiust'' the steel trade. 1t would be
decidedly foolish for speeulator 10 buy
any of these stocks until the cut has bsen
made and its effect seen.
Directors of the Illinois Central Railreai
Company will meet July 16. ard in the
opinion OF influential interests the divide nd
viii be increased to a 6 per cent basis.
Prominent bankers say that they think
there is no doubt of it. According to off,
cial statements, the gross earnings for the
fiscal year are s37.5O0. 600, being an increase
of almost Is per cent over the previous
year. while the mileage increased only
per cent. The net resylt shows that IL no
expenditure for betterments
We're set aside g per cent could be paid on
the stock The rate of dividend has been
5 per cent since 1891
The dividend on Louisville is likely to be !
/ 1-2 per cent regular for the half year and
l-2 per cent extra. This will he the same as
the last dividend, and will give stock OIL |
iers per cent for the year. Chairman
Belmont stated Saturday that tire meeting
Of the directors has been postponed until
July 10 Mr.. Belmont says that theie is
nothing unfavorable in the affairs OF the /,
company. and that the dividend which
should be declared tomorrow for the half
rear will be at the rate of per cent per
.nnum.
The statement of earnings OF Metropoli-
an for the month of June was made pub
ic on Saturday. 1t showed a total OF
/, 237 $50, as compared with 81 1876, 800 in
une of 1899. This completes Metropoli-
ans fiscal year, and shows the total earn
ngs for the year to be sli ,2i9, $50, an in
rease over the preceding year OF $780,
Is. Bulls in the traction group speak
hopefully of the favorable action OF the
curt upon the Metropolitan's application
or a reversed franchise assessment.
Some interesting Government statistics
IN the expectation of coal have been made
,ublic The gross amount shipped during
Nay, 1900. was $40, 343 tons. an increase OF
S5,573 tons or Il per cent over the ship
nents Of May, 1899. The exports of April,
500, were 537 .0s2 tons. against 3S7, $40
ons for the same month in 1899. For the
leven months Of the Government fiscal
ear the total exports of coal from the
United States were 6,445, 073 tons. an in
rease OF AZ per cent over the figures for
he same period In the fiscal year 1899.
he remarkable growth OF the export OF
oal is, however, best shown by COM
arison with the period In the fiscal year
( 1898. The increase amounts TO 1885,, 900
ons, or about so per cent.
or the total shipments in the eleven
,onths to May 81 1899. 1.b62 II tons were
nthracite and 4,Ss2 $50 tons were btumi-
GUS The increase over 1899 was almost
together in soft coal tonnage. or LIS. coo
yns Of the total gain OF 100000 In the
leven months. Canada continues TO be by