The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-01
LATEST NEWS Of
The RAILROADS.
Southern Railway Stocks Reach High
est Figures.
HEAVY BUYING OF ATCHlS0N.
No Change in the Richmond and
Washington or scaboard Situation.
Norway Orders Steel Rails.
Other items OF Interest.

Railroad stocks took the lead in yes
Aerday's amaEket. Both Southern railway
preferred and common were more active
ana stronger than for some days, the
prices being SO is (pref.), the highest ever
KNOWN, and ii tcom.), the best figure for
1our years The earnings Of Southern
railways are excellent and the prosperity
OF The country has, no doubt also been
considerably enhanced by the material
appreciation in the price of cotton. Heavy
VuNing of Southern railway securities was
due TO the belief that the directors will
increase the dividend on The preferred
stock. and to the roads heavy rain in
earnings for the third week III Fcb-ua1S.
Gross earnings increased SlIC.6S9. making
a total gain from July 1st of S2,3I0.a2S. The
company's returns for the full 1isca! year
Will, at the present rate of gain. show
more than 5 per cent. on the preferred
The Southern's net earnings for il nuaTy
increased S59.4o9 and the net increase
since July LIST is s14I.303.
in New York yesterday there was heavy
buying of Atchison preferred, supposed to
be for Chicago account
SEABoATD SITUATION UNCHANGED.
Matters regarding The Richmond and
washington Air Line Railway show no
change. President Williams declares
that the incorporators will not accept the
amended bill. but insist that the Senate
bill be adopted
There is, on the outside. some talk
among legislators. of putting the. whole
matter on the table and allowing 1t to
go over until the next session. unless
something definite is done at once. Just
what will be the result remains to be
Seen
All the parties to the Scaboard Air Line
consolidation have been restrained from
doing anything further toward carrying
out the organization agreement. the resi-
dent defendants of Baltimore having been
ordered to show, on or before March 12th,
cause why the injunction should not be
tnade permanent and the agreement de-
clared null and void
RAILROAD NOTES.
MT. Fountaine Broun. of the law firm
Df Broun &. Broun, of Charleston, w.
Va, was n visitor at President Stevens
bf1ice yesterday.
The work of renodeling the Southern.s
CMain-strcct Offices is being done rapidly
and when finished they will present
Glandsome appearance.
Colonel II. NJ. Boylln. general agent
of the Seahoard in this city, is i'll and
confined to his residence.
Master Mechanic Lloyd. of the Chesa-
real1e and Ohio, is in North Carolina,
having been called as an expert witness
IN an important law suit on the Southern.
Mr.. s, D. Weeks. general secretary of
The Railway Y. NJ C. "A, at Clifton Forge
was a Richmond visitor yesterday.
AN order for 2.On0 tons of steel rails for
the railroads in Norway has been received
7y the Maryland Steel Company. These
ore the first steel rails ever shipped from
The United States TO Norway. and the con-
tract is regarded as an entering wedge Tor
further orders
opened negotiations with Spcyer & Co..
and Kuhn, Loeb & Co., of New York
looking to the sale of the 100000 3 IL
y,or cent. rolling stock certificates recently
issued.
Officials of the Southern Pacific deny
that their road has secured a controlling
interest in the st. Louis and San Fran
cisco.
The general belief is that the Pennsyl-
wanna Railroad will spend considerable
money in improving the Erie Transporta-
zion properties. Officials of the CONNER
cial Trust Company say that stockholders
of the company are depositing their hold
ing rapidly, and j; looks like the Pennsy
will secure considerably more than 80 per
Gent.
The Baltimore and Ohio Railroad Com
many has ordered one hundred freight To-
Acomotives from the Baldwin Company
Statements of railroads for January to
y1and show phenomenal gains in gross re-
re1IIs.
The Baldwin Locomotive Works will
ship to-day 1hirty-one engines for the
Chinese Eastern Railway, being the last
OF an order of seventy-one-
1t is now said that Banker Morgan's
letter TO the Chicago men who appealed
to him stated that he disapproved OF Sc
cret rate cutting. but he could not give
the small shippers the assistance they
asked for.
Railroads operating in Kansas have sue
ceedlng In adjusting their differences
with siockmen, and as a result a new
''feed-in-transit'' rate Will go into effect
before April list, which vii! not exceed
the through rate to Missouri River points
more than cents per hundred pounds.
The Southern Pacific has established a
relief department for the benefit of en-
Illoyes, similar to that OF the Pennsyl-
Saria and Baltimore and Ohio. The COM
pany vii! annually contribute $4,000