The times. [volume] (Washington [D.C.]) 1897-1901, 1900-01-26

closed at 122 SIS. ST. Paul, which closed
at lis is on Wednesday, opened at ll9 Ia
and closed yesterday at 119. Rock Islant
opened up yesterday morning at 106 rs
with an advance of SIS. and closed at III,
same figure. The buyirg of these securi-
ties indicated two things, a renewed baliist
feeling regarding them among London ant
| American investors and a considerable I'M
easiness among the shorts. The short in
terest in the grangers is large, and q
further advance of point or two in the
group would very likely create something
like a stampede in that crowd.
| The meeting of the stockholders of the
Brooklyn Rapid Transit Company will be
| held today for the election of a new board
| of directors 10 take the place Of the vot-
| ing trust, whose term expired with the
end of the year 1899 This is not the reg
ular annual meeting. as seems TO be the
| general opinion. but a special meeting for
| this purpose alone. The street is very
| much interested. and news from the meet
ing will be awaited with much expe fancy.
though it is not by any means certain that
| the action taken by the stockholders will
| be very llluminatiye in its nature. There
| is growing belief among financial people
| that the directorate elected may be only a
company have not seemed DESTROYS of al
| lowing their affairs TO be known. The ru-
mors most current are as follows, and their
variety allows of a wide choice for the
guessers:
A dummy board will be elected.
One Standard Oil man will be elected.
Two Standard Oil representatives and
one Vanderbilt man will be chosen.
The present management will be over
| thrown and none of those now in charge
will be retained. President Rossiter will
step out.
The line will be operated in harmony
with the Third Avenue and the Metropoli-
tan systems.
The story that all the traction companies
and some OF the light companies are to be
consolidated leaked out too early and be-
fore the Standard Oil people had secured
all the stock that they desired. For this
reason the present management viii be re-
tanned until the price of the stock has
been broken again and more old holders
have been forced TO sell out
The Long Island Railway is TO be repre-
sented in the board and the interests of
the two companies are to be in close har-
mony hereafter.
The Long Island people have never heard
of any such plan. No Long Island man
will be elected.
II. II. Porter, President of the Federal
Steel Company board of directors, is to
become member of the Brooklyn board
Mr.. Porter is not to become a member
OF the Brooklyn board. He would be will
ing 10 take the position but has never been
approached on the subject and is confident
that he would have been il there were any
truth in the story.
d. o. Mills is to be member of the
board
ID. o. Mills is not to be a member of the
board.
The ticket is made up.
The statement that the ticket has been
made ND is absurd.
notwithstanding the extensive and lucid
comment on the situation trading in the
stock was dull all day yesterday. After
an opening a full point up there was
gradual decline until at the close the larger
part of the initial gain had been lost
Metropolitan was buoyant in the first hour,
getting as high as III, and the close at
l69 ia showed a good net gain
The New York firm of Rathborne &
Co. has given up its Washington branch.
l.. ID. Fowler, who has been the local |
OF the firm, win continue a
business at the same location. /
Mr.. Fowler is a banker and broker of |
thirty years experience.
The steel and iron securities sue |
eeeded 10 holding The good advances made 4
e. Wednenday, and even made tridlng net 1
Esins Tor the uay, Sr-- they cannot Re I
said 20 have been active. The news re- I
gardlns the steel companies is all go0d /
and street gossip is all favorable TO an
early further advance in the security
prices, Il The general market is IN the
least favorable. The annual meeting OF
he Steel and Wire Company viii take
place next Monday and the opinion is
now general that dividend Of per cent
Al least VII re declared for the Jsat half
year. Many expect faii y-al ) back
dividends. As has already been stated, !
L now seems probable that the Federal
steel directors will declare a 2 IL per
,ent dividend at their meeting on Feb
-uary 10. The street is tending toward
for the Republic company,
and its securities. The company has had
/ most prosperous year, and orders now
n hand ensure another. The concern is
low erecting new modern steel mill at
The action Of Sugar yesterday was some
What Disappointing to its friends. 1t
ale all day apparently, and the close was
learly point of
Pacific Mall refuses to advance despite
he numerous tips Of those who in the
last have enjoyed the confidence Of the
Important interests in the company" 1t
,pened yesterday al IL and cl6-ed at
g 3-s.
II is said in some quarters that the
'umors Of consolidation of the North
western and the Union Pacific are based en-
irely on negotiations between the com
,anies looking 10 renewal OF the traffic
until recently in force be-
ween them. Others still hold to the con-
idea despite the official denials
hey state that the Northwest is TO take
yer the Union Pacific ON the basis of a
OF per cent for the common
took of the latter. Whether this is true
r not. there can be no question that the
Citations between these two lines will be
s close in the future as they have been
n the past. The entire tendency In the !
ailway world is toward close and harmo-
ious inter- relations. The story of the |
rorking out and the contamination OF the |
reat conference.-the railway deal of 1889
800 is likely TIC be one OF the most i'm
'ortant in the hist Dry of the country.
THE CHICAGO GRAIN MARKET.