The times. [volume] (Washington [D.C.]) 1897-1901, 1900-09-29

after all will not cause a financial panic.
a month ago all of these Republican
financial writer's we're ready TO I.rophesy
that in the event of the Democrats win
ming crash would be certain. Appar-
emily these gentlemen are stating what
they really believe now
The earnings statements of the week
have been uniformly excellent, far beyond
expectation. The August statement of
the Burlington is now published to add
to the fine figures of the full annual re-
port given out earlier in the week. The
net earnings for the month show an in
crease of $4,000 Careful investors are
taking into consideration the fact with
regard to Burlington that this system gets
its grain traffic from sections IN which
the yield this year has been entirely sat
isfactory. This seems to make certain
continuance of the gains of the past year.
The grangers yesterday went of some
what from the best figures of Thursday,
but were not very weak at any time.
Rock island sold ex-dividend l Ia per
cent, and closed at 104 Ia; Burlington
closed at 122.
Vice President Morton, of the Atchison
system. states his belief that lis COM
pany will earn 6 per cent on its common
stock this year. Atchison common is
noticeably strong.
Reports from the steel trade are most
encouraging. Officers of the companies
generally tell of good orders being placed,
and of much new business. The report
of the Empire Steel Company, one Of the
lesser concerns. published yesterday, is
fine one, showing a big surplus after the
payment of dividends. The steel stocks
we're fairly strong yesterday morning. hut
later declined with the general market.
Federal Steel common was the strongest
feature of the group, closing at 81 5-S.
The Chesapeake and Ohio report of net
earnings for August shows an increase of
s173. Az. The Big Four statement of gross
earnings for the third week of Septem-
Der shows an increase of SI,193, and FOR
the fiscal year to date an increase OF
Sl50.e00.
The great strength of Big Four recently
and the big advance in the price OF the
stock on Thursday have caused much COM
ment in the street. One of the stories
that finds many believers is that the Van
derbilts are buying the stock heavily, pre-
paratory to q deal to exchange New York
Central bonds for the issue. 1t is said
that the bonds will be 8 per cent, and that
the preferred and common Big Four stocks
will be exchanged for them at $50 and 20.
Naturally if t..is is true the Vanderbilt
clique is not to be blamed for wishing
to acquire Big Four stocks around their
present level.
Pacific Mail went in the opposite direc-
ton from the remainder of the market. The
opening price was % 1-2 and later the
quotation was pushed up to 90 IS, at which
it closed There has been quite little
buying of the stock for investment at the
low prices of the week.
The coal miners strike is not so nearly
settled as the street believed on THURSDAY
1t seems possible that the end of the dim
etsltv NAV be near at hand but the idea
that the miners would Immediately accept
the first concessions offered to them by
the operators must be given up apparent
" The strike situation was undoubtedly
the principal reason for the renewed sell
ing OF stocks yesterday. The coal stocks
themselves did not suffer as much as many
other portions of the list however. Read
ing first preferred, after getting as high
as So 1-2. went off at the close TO "a 3D..
Jersey Central was practically neglected,
the only quotation for the day being 1S4,
so that its strength cannot be considered
significant Ontario All Western went OFF
half a point Pennsylvania which at one
time got as high as 12S. went of In the
afternoon. 10 126 3-4, the closing price. Del
aware and Hudson opened at ITO IL and
closed al iii.
Brooklyn Rapid Transit was rather weak
yesterday and many market people were
inclined to the belief that the advance Of
Thursday is likely all to be lost. One the
DRY is that the Metropolitan crowd is buy
ing the stock notwithstanding all densals,