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


and Norfolk at 81 1-2 Southern common
sold at IA Ia which is the highest price
since 1895 and within S-S of the highest
on record. Chesapeake and Ohio moved
up two points nearly to 81. which is
within a 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
aggressively SO. II is thought extremely
probable that Great Western will have a
good advance within few days. There
was accumulation in ii on a fairly ex-
tens.ve 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 Atchison Sc
curities were buoyant Atchison pre-
ferred. like the common. made new
high record price. II went to 20 3-S,
closing at 50 rs. 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. a statement that
is almost official has been made that the
stock will be put on ) per cent 'oivi-
dend basis this summer. There is every
reason to believe that this is true, as
the earnings of the company are some
thing like per cent on the stock On
per cent basis il would be worth
much more than 20. 1t is probable that
1t would sell 10 points or more higher
than the preferred Pacific shares. it is
stated by officers of the Atchison that the
companys trans-continental line will be
in operation probably by April l. An
increase in business is looked for from
it. Meanwhile the present earnings are
up to the best of the superb records Of
recent months.
Rock Island was one of the most con-
spieuous securities on the list, with an ad-
vance TO 1l2 the highest price since De-
cember. II closed at Ill ia with a net
gain OF more than point. There has been
important accommodations in this stock for
some time past. Ii has been held back, in
fact, in order that holders might tire and
be willing to sell out on any little advance
Careful people are Of the opinion that 1t 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 i-2 and ed at 60 SIS.
1t has never before reached this price.
Louisville and Nashville went to S. 1-2. 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 Sc 1-2. was only a
point below the highest price on record,
reached a few months ago Missouri
Pacific went to ~ "a and closed near the
top. Southern Pacific sold as high as
40 ga and closed only half 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 ii all day yesterday and very large
amounts changed hands with only frac
tional fluctuations between 40 and II.
The net earnings of the Northwest for
the month of February show an increase of
s4l2, ISL. The gross earnings of the NORTH
ern Pacific for the second week of March
increased Sl26.s7S. The increase since
July has been $3.50, 1856. The Chesapeake
and Ohio gross earnings for the week show
a decrease of vs2.s76. ,.es-s9
The statement of the ,Tennes ee Coal and
Iron Company for the month of February 10
fully equal TO the great record for jan
uary The net earnings for the month
were S315.23s an increase of s254.o69. or
more than 400 per cent. The net earnines
since January l have been S62S.1s1, which
% Is
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
that the concern began to take up con-
tracts at the higher prices. The net earn y
ingS for these six months have been
81. 700 600. or at the rate of So, 400, 900
year. This is somewhat better than u per
rba al of. h.
payment of interest charges. The stock
refused TO advance with the general mar
ket yesterday. closing at "a 1-2, with no net
gain. Colorado Fuel and Iron. on the
other hand had a fine squirt to ~ Ia. The
close was at ~, mere than . points net
advance.
The steel securities generally as yet
show little indication of desire to accom-
pany the railway list in its boom Federal
Steel common. American Steel and Wire
common, and other securities made small
net losses yesterday. II is highly probable
that this group will be taken up n the
near future. The shorts in il are likely to
become frightened at any time. The in
siders, If they have as much stock to sell
as they are said to have, will be anxious
for higher prices on which 10 market their
holdings. The earnings of the companies
continue magnificent
= The coalers are likely to be taken up to-
day, it is said, OF within few days. The
chance is good that these stocks may be
sent TO permanently higher level. The
coal famine in Europe will probably les
to large exports, which will be bull fac
tor. in addition to the excellent condition
of the home business.
The traction securities were uninterest-
ing and fuctuated within narrow limits
An advance Of some Importance may occur
today. as result of the calling in OF stock
loaned TO shorts. II is thought possible
too, that Manhattan mag have an ad-
vance, especially II anything definite is
learned regarding the alleged attempt OF
the Metropolitan people 10 secure the prop
erty.
Washington stock Exchange
Sales-U. s. IS, registered. s1.OOOl |
ITO Is, s300Hll0; L. s. 3's, coupon, s50o6 |
40 is. s500d1l0; Chesapeake and Poto- |
mac Telephone IS 81 ,0OOa104: Capital !
Traction Rights. 81. spas 5-S. s6 .S7eG5 ?; |
Capital Traction. 20Gf0T., % l-4dlO7 - |
02lM lOSs oOGrI0S I-a@ 5OT ms % coma