The Washington times., 1901-09-28

Wisconsin Central Central. - 9sA 3s 25% Us ~ %
Total sales Of stocks. 52l.lpo shares
: Advance. Decline. XEx-dividend
GuyeA rnient Bonds.
bid Asked
u. 9. ~, = 10. 81. :. J...--.-.. Iosh io9
L. S. e's {. l90G-s:a. Q. J.....-..- it9 hgSi
u s. Ss T. ieJs O. F.......-.. 1851 ivy
o. S s's 3 1915, l. C.......... loss y
q. s. IS, lSc. q. !-.-...........- ii=S liza
L. S. IS. NJ, Q. J..-......-.-.-- iiah ~
u. 5. SIS, L. le25...-....-.-.-.--- 10y isU @
| u. S. SIS. r. 1894. I........-....--- i0s ,o ,oy
&. SIS. C. 1901. g. F--.-.----.- ioo W.
There was a much better tone in the
| stock market yesterday, tie entire Hst
1 not excepting the Copper issues Ilahins
a good advance led by the Vanderbilt Sc
curities The close was at virtually the
best prices of the day and showing Eoo9
net gains. A number of matters heIpeo
| to this better condition. important pGE
| ing was noted in the Vanderbiits, whlch
seemed to indicate that the fr1ends OF
these stocks believed there are TO be ue-
lvelopments in this direction IN tne near
futIlre If cannot be said that the buying
was for Vanderbilt interests, thonSh IL
may have been, very easily Inc Atchl-
| son August report was a fine one, as hau
been expected. The comrany in two
months has earned more than it did last
year in the same months by as much as
| l per cent on the common stock II wui
! kept up there viii be an increase SUI
| fic;ent to equal per cent on the common
stock making Il total surplus Tor the
| common of an excess of Is per cent ne
tax Cf the bank statement today is hope
| ful. The Sub-Treasury has given to the
| he nks this week something like S,0D,0p.
The Copper situation is not so good as 1t
might be. but il is much better than the
| first pessimistic reports made 1t, when
tho dividends were cut by the Anal ga
mated and the Anaconda companies.
/ lvuSf nfr fa T-rtsCf
excellent and its promise for the next few
months is quite as good. With these
Favorable matters in the situation 1t Is
not surprising that the market should
rebound easily after break in prices
such as that of early tnis week. 1t is
not surprising either that the shorts
least sign of inside buying There is no
particular reason to expect bull market
at this time. but there is good reason rot
to expect a break and to lcoss ior a better
market before the end of the year. many
conservative people are saying.
| The Vanderbilt securities were in many
ways the feature Of the market. New York
iCeniraI soon advanced points or more to
1G0 and the Nickel Plate issues and Big
-Four were strong and even buoyant.
IghCrC were ngaia tho stories of con-
lsolidation of the Vanderbilt roads. and
also there was ruror that the dividend
on New York Central will be Increased.
The latter is not thought likely by con-
servatlve people
The Atchison report for August and for
the two months since the be ginning of
the fiscal year shows about what had
| beer expected. The gross earnings for
August were 81 900. 600 an increase Of s6S7.-
oVo. The net earnings for the month were
s. 169. .005 an increase OF $5i5.9il The gross
earnings for the two months were $9,1G,
COS. an increase of 81. .153, ,0Ge, and the net
earnings for the period were s., 062 600, an
increase of 81 2l3,0e9
St Paul. the Atchisons. and the other
granger securities generally were strong.
} Paul. but 1t was supposed that there was
! heavy covering of shorts ia the stock.
The activity and strength in the Atch!-
sons may be attributed to the report OF
; the company perhaps.
! Manhattan and the other traction secur-
tiles were all strong. The belief of the
management OF the Manhattan that the
new motive power will not only increase
: gross earnings. but decrease operating ex
penses is reiterated. Ii is said that Tam
many is buying the stock. Brooklyn
Rapid Transit is perhaps strong on the
talk of a fine showing to be made by tht
! annual report.
| Amalgamated Copper sold ex-dividenC
! IL per cent yesterday. 1t quickly recov
, I cred the dividend and continued excellent
ly strong during the greater part of th'
day closing near the top Amy DEFINITE
! analysis Of the copper situation at pres
! ent is out of the question to an outsider
, but there are some matters that are evi
dent. The foreign demand for copper ma
! declined largely recently and the export
have been much less than formerly !
: is believed by many. however, that Tn
foreign supply of copper on hand is yer
. small and that the demand from the othe
I side will increase from this time IN
= Amalgamated Company has held the pric
z ! of copper up to II cents pound, helpe
4 by some of the other companies. In Eu
3 rope the price is somewhat less. IN
= question now is whether the Amalga
L ! mated will be able to keep the price q
a this figure, and at the same time sell II
products or whether II will be forced
u allow the price TO go OF shortly IN
g Amalgamated Company is controlled .
u some of the shrewdest and most powerIl
Ia nnanciers in the world, and despite u
< recent break in the price OF the stoci
there are many conservative people tht
a. will be inclined to believe that they WI
%" win out in their plans in the end, becaus
IL ! they evidently expect to do so themselVe
e For this reason there is little disposltlo
Z | at pre..ynt to carry the break in the stoe
- furtbrr II is said by copper experts thu
< ! the n Yi.ion Of copper in the world pus
ness hns changed materially durihs u
x | past Nv years, and that there is ceildl
I 10 be = steady and much larger deihai
IL | for III. metal hereafter no matter wh;
4 may &c the temporary condition OF II
3. | market.
z Tho Tinted States Steel securities we
IL among the strongest on the list. Ihe pr
81 ferred advanced 20 9pE and closed at IN;
x figure the best price of recent days II
u | common advanced to 43M and closed
the top Several reasons for this Duo
ancy were given by the gossips. one Wi
the seTni-official announcement that
x next Tuesday the company VIII publish
x statement of its business during the pa
half year 1t is said that this stateme
u will be an excellent one. showing tn
1iL more than $50 coo. go was earned in q
81 period 1t is also said that the stri
Y | Of the employees OF the company cut {
& its receipts very little and will not lnlu
Z tic business for the year in the least. i
K rSasons given for this somewhat par
" | doxical condition of things are that
81 | Ia rye amount of stock on hand was d
. nosed OF at high prices on account OF I
otl =, rilre and that these high prices "
q contin,,e while very little If any busne
.s ysae lost to the company, except tenn
I rarify. The trust. for instance, contr'
q virtrnIly all of the tin business OF |
s. | country. Its output of tin was alih'
1i% srspended by the strike and yet the
u was no importation of tin at any tIil
95Z This Indicates that orders were siinl
hold mn and that they will all be CIV
. TO the trust now that ii Is able to
2 them. OF course small portion OF /,
a. / lin business as well as that of otf
branches Of the trust. is lost through I
aha audonment OF plans by consumers, |
. this small fraction viii be made up, II
said. by the better prices obtained. I
- dividends on both the preferred and
cki common stocks are 10 be paid as usu
isn' 1t is said.
The statement of the Ontario and We
. ern for August just published, shows
excellent condition of prosperity. B'
| GROSS and net earnings have made gra