The times. [volume] (Washington [D.C.]) 1897-1901, 1900-10-24

bulls their opportunity. however. and they
have taken full advantage of it. This week
there has been lively covering by the
shorts. and there are stories that their
losses have been very heavy. Now, Of
course. ii is said that the earnings later
in the year will more than make up for
the lessened grain traffic and that the gen.
eral outlook is good. One Arm yesterday
had the temerity to put out the story that
the company will probably increase the
dividend On the ccTmoa stock to 4 per
cent. This seems too good TO be true. One
of the chief matters Of interest in connec
ton with the advance in the stock was the
fact that the report CT the company for
the second week of October. put out yes
terday, showed falling off of gross earn
ings OF Sl14s3. The increase in gross for
the fiscal year TO date has been s3S5,509
The other Pacific securities we're less
buoyant than Northern Pacific. but all held
theip>own well. Missouri Pacific advanced
to SIS. The talk of this stock is bullish
despite the fact that the dividend is so
long withheld Mr.. Sage makes the pre-
diction that the earnings OF the company
will show Per cent on the stock at the
end CT the year
Sugar had little boom, getting at one
time as high as 12i rs, and closing at
123 "a. with small net gain for the day
II was said that new pool has been form
ed in the stock consisting of number
of the Jewish houses, but nothing new
regarding the sugar situation could be
learned.
Pacific Mail was again one of the most
buoyant securities on the list, with an
advance to 43 Ia, and 4 close at ~ "a
showing good net gain for the day. The
boom in this stock is of piece with the
bull manipulation in the general market.
The Pacific Mail specialists" seeing a
good general market put out the story
that the subsidy bill will be railroaded
through Congress on the first day of the
session, more or less Oh course the
story by itself could not have caused the
buying Of 100 shares of stock. but these
gentlemen bid the price UP until the pub
lie thought there must be something in
the news" and Immediately began to
buy. II is impossible TO say how far the
boom will extend The stock was most
attractive at so. but much if not all Of
the cream is off at 43.
Ontario and Western shows signs Of
coming activity 1t is said that important
people are buying the stock. The talk of
d DIVISION OF the STOCK into common ana
preferred is heard again and il is proba-
BILE that this project will be taken up in
the near future. The earnings of the
company have been increasing steadily,
and it would be able to pay coed divi-
dend on say $40, 100000 of preferred stock
The news regarding this group was mix
ed. some of the talk Of earnings being
most hopeful and apparently well founded
and other gossip and reports showing far
from rosy conditions during the past few
months The Tennessee Coal and Iron
Company net earnings for September
showed a decrease of S76.s02. and the sur
plus decrease of S149 COS. During the
first nine months of the year the company
has not quite e-rned the propcrtionnte
share Of the per cent dividend on the
common stock. This is a rather poor
showing. but il is not nearly as bad as
Ii might be because the business Of the
company for the remaining three months
promises to be good. The Car and Foun
dry Company makes a fine report for the
first four months of its fiscal year. Net
earnings were S2.0G2.7i3. The total bal
ance at the end of the four months after
deducting two preferred dividends. and
two common stock dividends. was s4.371.-
S66. The preferred has been receiving a
per cent dividend regularly aud the
common has been put on a 2 per cent an
nual dividend basis recently. The reports
regarding the Federal Steel Company are
all good as are also these concerning the
Republic Steel COMPANY