The times. [volume] (Washington [D.C.]) 1897-1901, 1900-07-02

Grated:
Gross earnings. Inc. s5el,7c9 Inc. .ss,s5s,7oo
Expenses ........ Inc. 4T2.9Oo Inc. 2,6si0D
Net earnings....Inc.. s4s 500 Inc. se107Oo
officials of coal roads, both anthracite
and bituminous, continue TO view with
much confidence the coal situation and the
outlook for the future. The steady en-
quiry ard demand from abroad, the proba-
biNty of the building up of large export
trade. and The likelihood of continuing
higher prices are chief of the factors con-
tributing to this better feeling In this
connection the views OF coal men on the
cituation, more particularly in relation to
the advance Of % cents a ton in coal prices
which gees into effect today, are interest
ing.
Samuel Sloan, Chairman OF the Board of
Lackawanna, says: THE advance in prices
should prove a decided benefit to the coal
roads-as it ought to. Coal prices have
been altogether too low, and, though there
is always a prejudice against advancing
them, the time comes when the advance
ought to be made. The general coal stua-
ton is in a very satisfactory state, and
with a growing export demand conditions
ought steadily TO improve. AS for the talk
that the country is in a bad way and
that because railroad earnings may fall
off trifie. thesYery existence of the roads
is threatened. that is too absurd to dig
Nifty with serious consideration. The coun-
try is all right and it will continue so. OF
course Presidential year is always an
anxious year. but / have no fear of the
result. IT, by the way, any alarmist is
open to conviction as to the real position
of the country he ought to study the fgures
Of our eycoTts. If they do not convince
him of prosperity and the country's sound
position | do not know what WILL
The gross earnings OF ifty-three roads
for the third week in June were IS. 100 053,
against S7.0sG, 039 for the third week in
June. 1888, an increase of sI,Ci4,c14, or 14.7
per cent. FoTty-six reads show increases
and seven decreases. Since January the
roads referred TO above earned SlS5, 459. 49,,
an Increase OF s2l. $50. SSi, or 1872 per cent
over the ieS.1s2,6 GOA reported for the cor
responding Period OF 1899. For the longer
period forty-nine show increases and four
decreases. This showing of 70 per cent in
crease in business BY ffty-three of the
most important railway systems of the
country during the past half year when
the general expectation had been for de-
creases must be considered q most graft
flying one.
All the steel works where the employs
belong to the Alnalganated Association Of
Iron and Steel Workers were closed wn
las; night for probably about two weeks.
pending the settlement of the wage scale.
The closing wil! affect many OF the plan S
of the American Sheet Steel tha Am i ic N
Tin Plate, and Republic Steel Comp-ni s.
The negotiations between these var Gus
companies and the association regard ng
wages have not yet been conclud d, a |
the conferences which have b1en ulder
to future Date. The exact day. h5wc.e-
has not yet been set, but will be about
two weeks hence. Officials of the con-
panies say that the adjournment does mt |
indicate that there is any serious d sa rec |
ment between the men and the compani s, !
and there is no dispute but what IS NO |
than likely TO be amicably sett ed The |
men demand an increase in wage as they !
almost always do at this time. when the |
wage schedule is being made up. but tie /
companies refuse to accede to the req st |
because they granted decided liner ase
last year, and the men are receiving larger |
wages TOW than ever before in the STEEL |
trade. AID moreover, the iroi and gtCel |
market is now on a decline and the future
is somewhat uncertain. Under the pr, sent
conditions, 1t is claimed, the men should |
be entirely satisfied with the same schedule |
as is row in force. The closing down Of |
inc MINIS LOT Il Jew Weeks at TINS .c4sOI Is !
the general rule. The men d sire lie
shutdown in order to take a vacation, a d |
the companies are not ayerse to a cssea-
ton of work. SO that II pairs can be made. |
In the mean time the rcpres sntativas o. !
the men report to the different organiza-
tions and receive their instructions as 10 |
further action. There is no ill-feeling on |
either side at present, and no talk of |
strike or other trouble.
The firm of Dlngman & jenkins, of
which Harrison Dingman is the head,
has opened branch Office In the Central |
National Bank Building at the corner of
Pennsylvania Avenue and Seventh Street.
The firm recently moved its main Office |
from the Atlantic Building to 1921 F
Street, 1t will be remembered, in order to
get into the centre of the financial dis
trict. Mr.. jenkins said yesterday regard
ing the new move OF the firm that
large number OF downtown customers were
unwilling or unable to go uptown to the
new Office, and had therefore requested the
opening of the branch office The new To-
cations are both advantageous from a bust.
ness standpoint and both attractive offices
as we'll.