The Washington times., 1902-01-13
PROFESSIONAL WALL STREET
IN DOUBT OVER THE OUTLOOK.

| during The year just closed. The COM
panies mined and marketed much great
er amount Of coal than ever before in
their history, and as rule prices were
| maintained at profitable figures Tle
Reading Will, of course. profit to a great
! extent by the increased dividends of the
Jersey Central read, but its own earnings
are said TO have been the largest in its
| history.
There is serious talk of dividends on
some of the junior securities, and the
termination of the voting trust is among
the early possibilities. The Erie Rail
road is also making a very fine showing
and increased dividends on the first pre-
ferred stock are by no means remote
The prosperity of the Pennsylvania Rail
road has been shown in the announce
ment that it has advanced the wages OF
its employees. while the Baltimore and
Ohio which has become one OF the most
substantial properties among the great
trunk lines of the country, has announced
a still further increase in the wages OF
its men.
There was some disappointment during
the week over the failure of the Della
ware and Hudson Railroad to increase its
dividend above per cent, but the fail
ure of the directors TO increase the re-
turns to the stockholders is due rather
the inability of the company to pay much
more liberal dividends.
Electric Company Merger Gossip.
While the stories that q merger of the
Westinghouse and General Electric Com
pany have been officially denied by the Of
ficers OF both companies, ii is fact that
George Westinghouse has been offered S2OO
for his stock in the Westinghouse Com
pany by a Wall Street syndicate which is
friendly to Mr.. Morgan. MIR. Westing-
house declined the offer, but fixed an
upset price for his holdings of $3.50 per
share. The negotiations have not yet
been wholly terminated.
The Atchison Bonds.
Wall Street is not yet prepared to take
any very positive view regarding the
Atchson bond issue. At first the rumors
of the issue were the cause of heavy
selling of the Atchison and slump in
price. Yesterday there was recovery.
Now that the details of the plan have
been announced officially, with President
Ripleys commentary on the same, there
will be much analyzing of statistics. The
result is still in doubt, though President
Ripley makes good argument.
The bank statement was, of course, con-
sidered excellent.
The following is list of the active
stocks that changed l or more per cent
on last weeks dealings, comparing Satur-
days closing prices with those of Satur-
day January 4;
Advanced.
Am. Express. Minn. & st. L. pf.. IL
Am. Locomotive pr. u NJ, St; P. s, S. NJ l3s
Am. Sugar Ref. ~. Nat. Biscuit pf...... III
Am. Tobacco.......69 Nat. Lead pf....... *
Brook. Union Gas. s Nat Salt pf.
Chi Term. Trans. IL NY..C. & st.L-1stp. "a
Chi. Term. Trans pf S's p, G.. c; St l.. 4a.
Green Bay & West.15i1 st. L. q s. F. lst pi. AZ
Ind. H. & Ia......l0 ST. L. & S. F. ID pf. I7e
Man. Elevated, ,..... 2is L. 5 Express. AZ
Declined.
Am. Cotton Oil. ..... ~ lowe Central pf....
Am. Dist. Tel....... 2 Long Island 3
An. lce............. ~ Louisville & Nash. 2is
Am. locomotive 1is Mexican Central.... rs
Am. Tel. g. Cable. az Mo-, Kan. x Texas. ~
An. Tobacco pf..... Mo-. X. * T. pf..- ~
At, Top. & s. F.. 2h Missouri Pacifie..... IL
Bait. q; Ohio. 2ss N. Y. Air Brake.... ~
Cent. X. r. of y J. \. Y. Central. ..... 21s
Chicago Il Alton. N. Y, Ont. & W.
Chi. & E. III. pf.. 2iS Norfolk 4 Vest. Is
Chi. G. W. pi A.. 3ia Pennsylvania ...... rs
Chi G. ". pf. B.. > Peoples Gas, Chi. 2zs
CHI Ind x L...-... ia Pressed Steel Car. IL
Chi, NJ. st. p. 3h Pressed Steel Car pf. rs
Chi. Union Tract. Reading ........... 1as
C, C., c. & St. l.. IL Reading 2d pf... Ia
Col. Fnel 4 Iron.. :. I1s Rubber Goods Mfg
tonsol. Gas...-.... IL Rubber Goods pf.. 3
Cont. Tobacco pf.... IL st. L. Southwest " ~
Del. Hudson..-... 81 st. l.. :. W. pf.... 2k
Del, Lack. W.. 81 Southern Pac..
Denver & 5. W.. Tenn. & H.. 21k
Denver Il 5. ". pf. i6lk Union Bag & p pf Il,
Detroit Southern. / ~. s. Steel. l........2
Diamond Match. sk 'Wells-Fargo Ex....
Erie ..............-. tx West. Union TEL. III
Erie lst pf.--..-.... IA Westinghouse 1st pf.
Erie I'd pf--...-.... 13s ". & L. f. lst pf. %.
Illinois Central. l.-.... Ia Nv. L. f. ID pf.