The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-09

| I21 Is. and selling as low as 100 1-2 1t
closed at 100 SIS The other grangers gen.
orally were sold off trife, Rock Island
| closing at 106 IA. Burlington at 122 Ia
and Atchison preferred at 90 1-2. There is
| good reason TO look for a rally in this
group during the coming few weeks. Earn
1 ings continue superb and prices are low
! compared with what they were q year ago
Peoples Gas sold off from "a at the
opening to % 34. and closed at 80. The
| stock looked weak at one time, but was
| supported around 9S. The fighter is il
only an alleged fght?-between the Peo-
pies company and the Ogden concern Is
attracting some attention in the street.
| One story has it that the Ogden company
has increased its capital stock to so, 0O0, 600
! for the purpose of pushing its business into
/ the territory of its rival. Another version
Is that the two concerns are very near to
a consolidation, the Ogden people holding
out for slight advance on the price the
Peoples is willing 10 pay. Gas sold as low
1 as 20 in December. Friends of the COM
| pauy assert the belief that. it will not go
any lower, if as low, on this decline.
| Sugars advance TO par caused much re-
! hashing of the various theories regarding
! the company's present position and future
prospects. No new theories were adj
vanced having the merit of interest. The
{ street seems TO he pretty equally divided
/ over the outlook for the stock. 1t would
seem to be a most dangerous speculation
at present. ..
| II is said that the House committee viii
/ report favorabh' on 5ihe Subsidy bill in
day or two Pacific Mail was rather weak
yesterday, though inactive The high price
was IS. and the low 81 Is The close was
at 81 Ia. Careful market people look for
an advance in the stock in the immediate
future. -=-r
The statement Is made as coming from
officers of the Baltimore and Ohio Com
pany that no dividend will be paid on
the common stock this year.
Gossip regarding Brooklyn Rapid Tran
sit in usually well-informed quarters was
more optimistic yesterday. 1t is sug-
gested that the special grand jury would
not have indicted several people for con-
spiracy for saying bad things about the
company 10 depress its stock unless il
were convinced that there was no founda-
ton for them. Or. in other words, II the
affairs of Brooklyn were in need OF
receiver. Mr.. Goslin might have said SO
in his advertisements. and Mr.. Davis, in
his Wall Street blackmailer. a great many
times without fear of unpleasant results.
An example OF this was seen few days
ago. when every paper in New York limited
at receiver for Third Avenue before one
was appointed. As matter of fact, the
company is increasing its business steadily
and satisfactorily. though not so rapidly
as many hoped for year or more ago.
1t has been preparing for an immense sea-
shore business this summer.
International Paper common stock had
a good recovery yesterday from the de-
preston OF the early days of the week. |
People usually most careful investors
were buyers of the stock at its low level. |
Holders of Panhandle stock are COM |
menting enthusiastically over the excel /
lent report of the company furnished with |
the Pennsylvania annual statement. 1t |
is said that the Pennsylvania people are
seriously considering a per cent dividend |
for the preferred stock and PER cent |
for the common. The earnings seem en-
tirely to warrant such an increased dis |
bursement TO the stockholders.
The meeting of the Southern Railway |
directors Will take place today. An in
crease in the dividend of the preferred
stock is looked for with some confidence
1t is deserved. The stock was quiet yes
terday. but held its own at a fraction
under 5S