The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-03

its. but extreme caution is, nevertheless,
TO be advised in specializing in them on
margins.
few of the important new facts re-
garding these companies may he mentioned
in the order Of their significance perhaps:
The American Steel and Wire Company has
adopted the policy Of issuing statement
of its business, complied by independent
chartered accountants. Earnings equal to
more than 20 per cent on the common stock
for the year are shown. dividend rate
of per cent for the entire coming year is
announced.
The Tennessee Coal and Iron Company
has earned during the past year all OF its
back dividends on the preferred sto-k and
something like 20 per cent en- the common
stock in addition. The common stock will,
IL is said. be put on per cent dividend
basis next month. II is estimated by an
authority that the company will earn so
per cent on its capital stock during the
coming year, contracts having already been
signed for LOOT, 600 tons of iron, on which
the profit will be $40 a ton, not TO mention
the profits Of the steel mills.
The net earnings of the Republic Com
pany, practically for only half year, were
s2.d14.500 The payment of $4,000 divi-
dends on the preferred stock leaves 4 sur
plus OF 81 1914. 400.
The recent statement of the Colorado
Fuel and Iron Company was superb. A
synopsis Of its figures was printed in The
Times yesterday.
President w. X Bixby, of the Car Foun-
dry Company has issued the following
statement of the operations cf the COM
pany for the first nine months Of its his
tory TO December 81:
Gross earnings from all sources $40, 22 COS
Deduct cost Of materials used, operat-
ing expenses etc--.--................. 26.,si i95
Ne; earnings for nine months. .-....,. III, az
Dividends on s2909o,0O0 preferred cap
iial stock issued for three quarters. ~ ,225
Surplus on December J, 1899. I,l9pls7
The traction securities were the lag
CARDS in the market yesterday, the con
tnued weakness in Third Avenue having
depressing effect on the entire group. II
was a matter OF comment however, that
the other securities held their own ex-
cellently. Such slump as has taken place
in Third Avenue might have been expected
10 cause bad breaks in all of them. Third
Avenue broke below % and closed near the
bottom price for the day This stock sold
not many months ago at 2f2, and has.
therefore, tumbled AS points since that
time. The loss in value is about SO 600 900,
and this should be considered serious
natter. undoubtedly. when the entire capt.
tai stock at par Is only s16,00e.O00. Rumors
continue that the concern is not having
success in refunding its floating debt, |
which is considerably more than its capital
stock. There is every reason to believe, |
however, that the entire matter has been
arranged satisfactorily and that these |
stories of more troubles have been put out |
simply 10 push the price of the stock down. |
Standard Oil people are said TO be selling |
the stock. as thew were said TO be selling |
Brooklyn Rapid Transit short time ago. |
IL their sales are a fact. il is reasonable 10 |
infer that before the end OF Third Ave |
nues fluctuations the Standard Oil people |
Will have more stock than they have now.
They got Brooklyn by selling 1t.
The grangers were more buoyant yes
terday afternoon than az any time recently. |
Rock Island advanced 10 los 5-S, closing at /
The top price. Burlington went to 124 81.
and closed at l24 5-S. St. Paul advanced 10 |
119 ga and closed at 119 1-2. Northwest |
went 10 16l IS and closed at the top. At
Gibson preferred got as high as c. rs. and |
closed at 63 IS. Flower buying and gen.
eral commission buying for the new public
was noticeable in all these securities, and it |
was predicted freely by their friends that
they are likely TO have an excellent ad-
vance in the near future.
The Baltimore and Ohio securities were
the most buoyant of the railway list. Van
e. Atterbury, Steiglitz. and other
important brokers were heavy buyers OF the
stock in particular. S. NJ Provost,
Third Vice President Of the Pennsylvania
Railway Company, has been elected TO the
Baltimore and Ohio directory. II is said
that a syndicate has bought IS, 800 600 of
the per cent bonds OF the company and
a large block Of the 1-2's also, and ru-
mors as 70 the identity of the purchaser are
If not particularly Trustworthy
The common stock advanced to 81 1-2, the |
highest price on record, and closed prac-
tically AT the top. The preferred advanced |
TO "a IL. and closed at that price.
Peoples Gas was one OF the Flower Sc
curities that made a good record for itself.
though little advance in price was scored.
The close was at los. The regular divi- |
dend OF 1-2 per cent was declared on the
stock yesterday.
The Pennsylvania Railway statement for
December and for year is probably the |
best ever made by that company The 40
crease figures are given, the first being for
the lines directly operated
December Fiscal Yr.
Increase. Increase.
Gross -....-..-.....-....... $50 200 S. alg 80
5P Pf'..is eAp.nst,.:.. $3.50 $3.50 - Coz
Philadelphia, Wilmington Baltimore:
Gross .................'.... $500 sf0,so0 |
Operating erpenscs......... 5000 lO.2D0
Net ACKNOWLEDGEMENTS. L,oO0 go, 900
Northern Central:
sross ......,....,.t...-.,-, bl,lU0 5Oo,iQp
DppIlflun SuD All .N1