The times. [volume] (Washington [D.C.]) 1897-1901, 1900-09-28

hesitation. Both Reading first preferred
and Jersey Central were buoSans, and 9th
ers of the coalers, both hard and soft, ad-
vanced in sympathy with them. Jersey
Central he'd z pyrotsehpie course fully
equal to anything in the big boom of few
weeks ago. II jumped up point at time.
Reading was only little behind Jersey.
The grangers were among the strongest
securities on the list, all showing good
gains and the highest prices since the
slump began week or more ago. Atchi-
son preferred went above So, Burlington
above 1913. st. Paul to lis IS, and Rock
Island to LOG IA. In addition to the gen.
eral feeling of hopefulness in the market
and the bullishness engendered by the
August statement of the St. Paul, friends
of the gro Up were much pleased by the
annual statement of the Burlington which
was given out yesterday. The report
shows that the surplus for dividend was
S7,92S, T61. and that the surplus after the
payment of dividends was s2,O99.6s3. This
big surplus shows the triyiality of the
suggestion that there is any Likelihood OF
d cut in the dividend on the stock. 1t
should be remembered also with regard
to this stock that there are big refund
ing plans to be carried through during
the coming year or two, and that these
will furnish an average for the stock
holders of considerably better than per
cent. The buying of the group was no.
ticeably good in character.
Sugar was buoyant with an advance of
several points to III, and a seeming of
willingness to go up several points fur
Their if desirable. The street heard the
story that one of the trust refneries lad
-. -. IL .zf hut
paid no attention to il. The shorts in this
stock were as thoroughly frightened as
anywhere else in the list.
The earnings of the railways for the
third week of September have been better
comparatively than those of other recent
weeks. On the thirty-six lines that have
reported gross earnings there is an in
crease of 6.64 per cent.
Big Four has made fine record during
the break. 1t is selling now practically
where il did before the tumble began, the
advance of point or two yesterday hav-
ing recovered all of the small ground lost.
The earnings of the American Tobacco
Company last year show at least 8 per
cent for the common stock. Tobacco was
particularly strong all day yesterday I'M
der the influence of heavy buying by in
siders and covering by shorts. The top
price reached was So 1-2, and the close
was at SO Ia, net gain of about three
points.
Brooklyn Rapid Transit vas one Of the
most active and buoyant securities on thu
list. 1t advanced almost from the first
quotation of the day to the last, and
made big gain. The top price reached
was 50 IA, and the close was at 81 ga, 3
points gain. No reasons aside from
those that affected the entire market
were advanced for the boom in this par
ticular stock 1t was said that J. o.
Paine had begun to buy the stock heavily
at the very bottom. Mr.. Whitney is said
to have denied the recent story that the
Metropolitan company is buying the
Brooklyn Rapid Transit.
The Union Pacific statement for Au-
gust was another entirely satisfactory
one. There was an increase of $12462J
in the net earnings. The Pacific securi-
ties were all strong yesterday, Northern
Pacific common having entirely recovered
from the weakness of Wednesday. Gaze
full ANALYSIS of the Northern Pacific re-
port for the past year gives no reason for
pessimism regarding the affairs Of this
company, and although President Meilen
talks in a rather respondent strain as to
the outlook for business curing the COM
| ing year, there are many that believe his
motives to be not above suspicion. The
company earned something like per
cent On the common stock in the year.
A good block of this was put into perma-
nent betterments, but there was also at
the end of the year good surplus.
Louisville and Nashville was one Of tn
strong stocks. getting to Il ga and clos
ing at Il 1-2. The break in this stock was
heavy, but the recovery promises to he
quite as good Southern Railway pre-
ferred gained a half point yesterday,
L. -. ...-. :. i'm