The Washington times., 1901-09-23

! d. W nateNerT may. De Inc dctudI cOnC1tlOn
| of Amalgamated Copper. as well as the
| true situation in the copper trade. it is
certain that the stability of Copper as
an investment security has been greatly
| menaced, If not actually impaired, by the
| fragrant manipulation of the last fort
| night Public confidence in the stock has
been greatly lessened by the inscriptions
methods of those who have been sponsors
! for it since its hotation in Wall Street
| The prediction has been freely m-de that
the property is to succeed Sugar as the
speculative football of the stock exchange.
Various motives have been ascribed to
| the insiders for their attitude toward the
| stock recently. One theory has been that
| the condition of the copper trade is such
| that the Amalgamated Copper Company
with all its influence will not be able to
maintain prices of Lake copper at the quo
| tations which have ruled for the last two
| years. Some resps ctable authorities in
| the copper trade declare that the produc-
| ton has recently exceeded the demand,
and that the present prices are not war
ranted by the state of trade. They fix
the true value of the metal at from Y to
! - cents per pound, and say that the oppo-
| sition companies of the Amalgamated are
| already cutting under the quotations of
the trust
Many wel-inforrned men in Wall Street,
however, believe that the copper situation
was purposely distorted In order to aid
the bear operators in their raid upon the
stock William G. Rockefeller has de-
clared to some of his friends that the
PRESSING
to the tying up of the funds of the Bos-
ton and Montana Mine. by the Montana
courts. and that the stock will eventually
receive all the back dividends that may
accrue before the case is finally disposed
Of According to Mr.. Rockefellers s friends,
the earnings of the Boston and Montana
and Butte and Boston Mines have
amounted to 10 per cent. on the new cap
ital of Amalgamated Copper. Few people
who are familiar with the widespread in
huence Of the so-called Standard Oil
| hafr .1.afHa
! for disseminating false Information
| through various mediums throughout this
| country and Europe. doubt their ability
/ to deceive the public completely to
the true state of the copper trade when
| ever it suits their purpose to do so. The
| theory, therefore, that the insiders have
/ sold out at the prices of fortnight ago
with the idea of forcing cut the public
| and buying back the stock at much lower
prices has many adherents
| The committee on securities rules that
| all transactions on September % and
| thereafter in the common and preferred
/ stocks OF the American Sugar Refining
/ Company will be ex-rights Sales of
! rights made on and after September %.
| except for cash, must be settled on Octo-
/ ber /. on which day all due bills must be
| redeemed. Transactions in rights made
! on and after October l must be for cash
! or regular way, except ON the last day.
| October 7. when they must be for cash
only. The right to subscribe expires Octo-
/ Der I at . y. III.
"The Financial Chronicle reports the
gross earnings of ll3 reads for July at
sl05.ll2.2I2. increase s12.0l9S4S. or 12.91 per
cent, while the net earnings reach S35. &c.,
Hl. increase $1.360.Q22. or 2G.09 per cent.
The Improvement reaches proportions that
can be considered nothing less than mar
! velous. seeing how decided and contin-
! uous the previous improvement has been.
From January ! to July q ninety-nine
/ roads reported gross earnings OF 1896. .7s4,-
/ 43l. increase s57. .32l: net earnings $192,-
] 098, ,S37. increase $26.2i2, ,l5S.
The Secretary of State of Illinois has
/ authorized the Peoples Gas Light and
! Coke Company To increase its capital
/ stock from $50 600 900 to $50 go COO The in
/ crease. declares one of the attorneys for
/ the company. Will be made for the pur-
! pose of NEE ting the expenses of new
mains and other improvements In contcm-
plation. Only $2s. .65s, $50 Of the $4,000. .001
capital previously authorized has been
issued the remainder being in the treas
ury Under the new authorization Is
per cent increase on the amount of stock
now out will be made, which amounts to
81 200. 800. or a total capitalization Of S32-
Z 969 100 The increase has nothing what
, ever TO do with the Ogden Gas properties.
Activity and strength were marked in
the New York traction group. Metropoi-
itan Street Railway advanced over three
I points, Manhattan Railway about three.
! and Brooklyn Rapid Transit over per
cent. The movement was credited to
! pool operations. based upon reports of
| increasing earnings and, in the case of
Manhattan Railway, of renewed discus
sion of the benefits TO be derived from the
electrical equipment OF the system.
A Boy shoots Himself.
HOLLIDAYsBURG. Pa. Sept. 22.-Ira
Burket. aged eighteen years. of Clays-
burg. while driving home from Altoona
| nit suicide by shooting himself three
times One ball lodged in his head Dis
! appointment in love affair is given as
| the cause of the attempt.