The Washington times., 1902-01-05

more generally held than any other stocks
on the list at present. Rightly Or wrong
ly, the outsiders generally consider them
cheap at their present price level, and
are most confident of their future. The
NorSan glamour hangs around them, and
in addition, the official statements of the
company show-a wonderful prosperity and
the apparent ability TO make continued
success.
Dividend Meeting Tuesday.
The meeting of the directors to act on
the common stock dividend will be held
on Tuesday. There is no reason to ex-
pect that the dividend will be increased,
but on the other hand no one doubts that
it will be continued at the present rate
of per cent.
1t is understood that statement for
the third quarter of the company's his
tory Will be given to stockholders at this
meeting The figures for two months of
this quarter have been given out semi
officially already. In October the COM
psny eaIn.d sl1 6GO, 900, and in November
S12 coo. according to these statements.
Two or three rumors have been heard re-
garding the December business. One of
these is that it was sl5, ,000 coo, and an
ether. sf1 Gee, 000. All authorities agree,
however, that the prosperity of the COM
pany is superb, and that its outlook for
the present year is very gratifying.
If the company earned S34.600, coo the
lowest estimate for the quarter, this is
at the rate of S13S, 400, 600 per annum. The
interest and dividend requirements of the
company at The present dividend rates are
about j,o00, coo.
Locomotive Dividend Rumors.
The securities of the companies in any
way allied with the steel and iron trade
have accompanied the United States Steel
in its upward movement. Tennessee
Coal and Iron had been strong, and the
Car and Foundry and Locomotive securi-
ties also.
There is talk of a dividend for Tennes-
see Coal and Iron, but conservative peo-
pie do not much expect one. Another
rumor is that the Locomotive common
stock is likely to be put on a dividend
basis. but this, too, is most doubtful.
Both these concerns are doing an i'm
mense business. however, and their out
look seems excellent.
The Anthracite ConIcrs.
The statements of the anthracite coal
railways given out during the week were
count alone very well for the strength OF
the anthracite securities. AS was rather
| expected by conservative people, the ad
vance in the group ended, for the time be-
ing, when the Reading statement figures
were announced. There had been much
heavy buying on the strength of advance
knowledge of what the report would con-
tain, and there was heavy realizing of
profits on these purchases. 1t is not
thought to be in the least unlikely, how
ever, that the upward movement may
continue in the near future.
1t is extremely probable that there is
some large buying Of these securities.
and especially OF the Reading by the
| Nanderbilts and other large interests.
The Copper Trade situation.
The interesting item of news regarding
! the injunction against the payment of the
accumulated dividends On the Boston and
Montana stock had been dissolved. The
reason given by the Amalgamated Cop
| per people for the first cut in the divi-
dend rate on AmaIgamated several
months ago was that these dividends had
been held up and. therefore, could not be
redistribated- to the Anna lgamated stock
holders.
I The street has been inclined TO take
hopeful view of Amalgamated Copper
during the past few days 1t is rumored
that the cut made in the price of the
metal on Friday Will prove to be the
last, and that il accomplished the purpose
for which the Amalgamated has been
fighting, the securing of an agreement
from the independent Copper people. The
story that control has been secured OF
hn col ut Nd haN-A
thing to do with this talk of a general
agreement. Amalgamated stock was fair
ly strong all day yesterday.
Granger Earnings Fine.
The earnings reports of the grangers
continue excellent. The st. Paul state
ment for the last week OF December
shows an increase of 600. It is said
by officers of the company that the de-
crease in earnings due TO the cold weather
is rot likely to be repeated The St Paul
has increased gross earnings during the
first halt Of its fiscal year about 81 coo ,00c.
The Rock Island officers state that the
November report of the company TO be is
sued this week viii make an excellent
showing. 1t is said further that the out
look for the coming months is salts
factory despite the corn crop Ghortage.
The fact seems to be that while corn
freights will be reduced badly the gen
eral traffic of the Western lines will be
heavy enough TO more than make up for
this. The continued shortage OF cars
throughout the West is an indication in
this direction.
The Vanderbilt Clover Leaf Ru.ncrS.
The rumors that the Vanderbilts have
secured control of the Clover Leaf con-
tinue.
Colorado Southern.