The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-13

dividends With all this flow of gas and
all the sharp bear selling the price of the
stock has held its own excellently. what
the meaning OF the support is remains
mystery. Very obviously, however, some
body of Importance must have come in
formation that is net quite so bearish as
the alleged Information given to the
public.
The railway security that has shown the
best strength, and apparently on much
the same inside support as that given To-
hacco and Sugar, is Missouri Pacific. Dur
ing the past month. while the best Of the
railway list have been tumbing many
points, this stock. on which no dividend IS
paid. has held its own admirably. The
closing price yesterday was two points Of
from the closing a week ago, but 1t was
a point higher than the close on Saturday,
April 81, three weeks ago. The tips TO
sell Missouri Pacific have been almost as
persistent as those regarding Sugar. The
fact that the stock is selling higher than
other dividend-payirg Pacific securities
has been dwelt on. The new bond issue
has been cited as certain indication teat
no dividend is likely TO be Forthcoming for
q long time in the future. The disap-
pointment over the failure of the company
to put the Rockefellers into the directorate
has been feelingly alluded to. Despite all
these bear tips, however the rool in the
stock has not only held on, but continued
to buy as if it really knew some thing
good. Frank Gould and young Rockefeller
are said to have bought a very large
amount of the stock in the past two weeas.
There was a premium in the loan crowd
on Missouri Pacific yesterday.
The gross earnings of the Southern Rail-
A. ri
crease of $4,000. In the full fiscal year
the increase will be enormous, and the
percentage earned on the preferred stock
is likely to be something like per cent.
The showing is one of the wonderful re-
cords that are making this one of the
greatest years in railway history.
The New York firm OF Carley, Rosengar-
ten G. Co. has been dissolved, and the new
firm of Carley, Rosengarten & Carey has
taken its place, Earle E. Carley, son of NJ A.
CaT.cy, the head of the concern, being adj
mitted as new member E. E. Carley is
well and pleasantly known in this city, as
he has visited the local Office Of the firm
frequently since its establishment as rep
resentative of the home Office. His Wash
ington friends are glad to hear of his ele-
walton, although as a matter of fact he
membership in the company heretofore.
The slump in Western Union during the
week has caused much comment. although
the decline has not been very great. There
is much bearish gossip regarding the stock,
based on the fact that recent earnings
statements have not been so fine as those
of the railways and the industrial compa-
MES generally. II is limited that the divi
dend is to be cut to per cent. 1t will be
well not to become too cynical regarding
the future of Western Union stock. 1t is
held largely by people who pay little at
tention to passing fluctuations in the gen.
eral market. There is little if any short
selling of it at any time. 1t is pointed out.
too. that at SO the dividend will be equal
to per cent, even if the rate cut to 4
Per cent. A per cent Investment, with
as much surety of regular dividends as
Western Union gives. is not to be found
everywhere.
The iron and steel securities have he'd
their own we'll during the week, as they
have at all tiYpps during the. mast three