The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-23

and Norfolk at 81 -. Southern common
sold at "A Ia which is the highest price
since 1885 and within SIS Of the highest
on record. Chesapeake and Ohio moved
up two points nearly to 81. which is
within point or so OF the record level.
Chicago Great Western common. Wabash
preferred Texas Pacific and others OF the
low priced group were strong. though not
aEErcssiyely so. II is thought extremely
probable that Great Western will have a
good advance within a few days There
was accumulation in it on fairly ex-
tensive scale and accumulation has pre-
ceded every advance in the railway list
in the present market
The granger list generally was strong,
and Rock Island and the AtChisOu Sc
Curities were buoy3nt Atchison pre-
ferred. like the common. made a new
high record price II went to 20 SIS.
closing at 50 IS. The predictions have
been made that 20 would be reached by
the stock on this move and it is not i'm
possible that there may be some reaction
now on realizing sales. 4 statement that
is almost official has been made that the
stock viii be put on a = per cent -divi-
dend basis this summer. There is every
reason to believe that this is true as
the earnings Of the company are some
thing like 9 per cent on the stock On
per cent basis il would be worth
much more than 20. II is probable that
50 would sell 10 points or more higher
than the preferred Pacific shares. 1t is
stated by officers Of the Atchison that the
Company's traus-contnental line will be
in operation probably by April l. An
increase in business is looked for from
it. Meanwhile the present earnings are
up 20 the best OF the superb records Of
recent months.
Rock Island was one Of the most con-
spicuous securities on the list. with an ad-
vance TO ll2. the highest price since De-
cember. II closed at III Ia with a net
gain Of more than point There has been
important accommodations in this stock for
some time past Il has been held back In
fact in order that holders might tire and
be willing 10 sell out on any little advance
Careful people are OF the opinion that Ii is
the most attractive Of the high priced
grangers at the present time.
II was a day Of record breaking prices,
and the medium-priced securities in the
groups mentioned heretofore persistently
in this column were almost as buoyant as
the low-priced stocks. Southern Railway
preferred sold at SO IL and clio ed at 60 IS.
II has never before reached this price.
Louisville and Nashville went to s. 10. a
price that has been reached only once be
fore in last October. Union Pacific COM
mon went TO 80. the record price. Northern
Pacific common at IS -. was only a
point below the highest price on record,
reached a few months ago. Missouri
Pacific went 10 - "a and closed near the
top. Southern Pacific sold as high as
80 "a and closed only half a point below
the top. Sentiment is strongly optimistic
regarding all these stocks. but particularly
Southern preferred and Southern Pacific
The pool in the latter stock was accumu-
lating Il all day yest erday. and very large
amounts changed hands. with only frac-
tional fluctuations between 40 and n.
The net earnings Of the Northwest for
the month Of February show an increase Of
S412.5S1 The gross earnings Of the NORTH
ern Pacific for ne se5onf week Of March
increased Sl26.973. The increase since
July ! has been S2,540.7S5. The Chesapeake
and Ohio gross earnings for the week show
8 decrease Of $3.50. ..r--,-
The statement OF the Tennes ee Coal and
Iron Company for the month Of February q
fully equal 10 the great record for jan
uary. The net earnings for the month
were S3l523e. an increase Of 1924 ,0e9 or
more than 400 per cent The net earnines
since January 1 have been S62s.ls1. which
is an increase Of S4S7. ga. Il is interesting
TO note that The earnings OF the company
began TO show their heaviest increases in !
September so that during the past six
months only have they been anything like
their present level. II was in September Z
that the concern began TO take up con-
tracts at the higher prices. The net earn
ings for these six months have been I
81. 200 900. or al the rate Of 50, 900 900 q /
year. This is somewhat better than u per 4
cent on the entire capital stock after the 1
payment Of interest charges. The stock /
refused 10 advance with the general mar 1
Set yesterday. closing al % - with no net !
gain. Colorado Fuel and Iron on the 1
1ther hand rad fine squirt to ~ "a The |
close was at -, mere than points net |
ldvance.