The times. [volume] (Washington [D.C.]) 1897-1901, 1900-08-29

| last year were excellent The net earning.
also are far in excess of those of veal
ago. The figures for the month are, o.
course, much the greatest ever shown b.
| the company. The gross earnings show
an increase of s434,62 and the net an in
crease of 1884 Goo.
1t is such reports as this that fully war
rant the managers of this company in put
| ting the preferred stock on q per cent
| basis so soon after its reorganization. Tng
record in this regard is unprecedented in
! the history of reorganized railway proper
ties. Many conservative people were al
! FIRST disposed to consider a per cent divi-
dend for the preferred stock this year au
cac5ouS and foolhardy. The directors. how
ever. evidently knew very wen what the
! company IVES capable of and what its pros
poets for this year were. 1t would seem
that the present price of Atchison around
10 is entirely too low. This is the view
taken of the matter by some of the most
conservative people in the street. and there
is steady investment buying of it at all
times. Yesterday. after the small weak
ness of Monday. there was a recovery, and
the close was at 20.
The other grangers generally opened at
about the lowest prices of the presen,
movement. but before the end of the day
a lesser way these securities should b.
put in the class with Atchi on preferred
as attractive investments.
The earnings of the Northern Pacific for
the third week Of August show an increase
of So. Coo. These figures include the earn
ings OF the ST. Paul and Duluth. so that
they are not quite so striking as they APP
pear on first sight. 1t should be said
however that they ertiretV
tory, and rather better than have been
looked for by the street after the many
pessimistic things recently said by Presi-
dent Mellen. Mr.. Melen is in the habit
of saying unpleasant things for the sake of
creating better impression with the ac-
tual facts when they appear.
John W. Gates the steel magnate, is on
the Hamburg steamer Deutschland, and
will arrive in this country on Friday. His
return is awaited with much interest by
the street on account of the different
stories that have been printed regarding
him. One Of these is TO the effect that he
will return to the American Steel and Wire
Company as its president. The other
company and fight the Steel and Wire
Trust. The latter story is receiving more
credence at the moment
The steel securities generally he'd their
own fairly well yesterday. Steel and Wire
common remains a point or more ahead of
Federal Steel. Tennessee Coal and Iron
holds its own excellently, and it can be
seen that holders of the stock are not
willing to sell it. The business of the
company is paying handsomely. and its
prospects are for big profits during the
coming year regardless of what the gem
eral situation in the trade may be.
Republic Iron and Steel securities were
rather better yesterday. The report of the !
is quoted in the street with much |
by the friends of the new iron
and steel companies and their securities |
This report shows that the company is |
in excess of per cent on the COM
mon stock. This stock is selling in the |
same neighborhood with Leather common /
stock. which is known to be as absolutely |
worthless as anything on the entire list. |