The Washington times., 1903-02-17


storm restricted trading. Nevertheless,
local business on the market was
animated. despite this handicap, and
showed strength. Price changes were
irregular.
There was no news development this
morning to affect the stock market
London for Americans was on parity
with yesterdays domestic closing, with
few orders for this market.
While banks ave scored a loss since
Friday Of over 5000. 600 in their opera
tions with the Government. both time
and call money continues easy
Money is cheaper in Montreal now
than il has been for a year. The rate
is 5Ik per cent for call loans.
Uncle Sam will coin IS. 900 .OOO pesos
for the Philippines. each peso being
worth so cents in United States gold
When the Canadian parliament meets
on March IA there will be presented a
comprehensive tariff bill fashioned after
the Dingley law.
January statement OF exports and i'm
ports was given some attention on the
market. While there is shown an in
crease on the volume OF goods exported
in amount about So 600 900 greater in
crease is shown in imports. viz. So.
600, 000.
It is stated that a much better SHOW
ing would have been made had il not
been for the great freight congestion
which existed throughout the country
In the month.
The internal commerce OF the United
States is computed TO be $40 600 .0OC. 900
year equaling the internal commerce
OF the rest OF the world.
Pressure in the Gould stocks was in
evidence. These securities. however.
about held their own. and ruled a tride
stronger.
The total tonnage OF the Erie has :n-
creased from 20. ~. OS6 tons TO % .697. I59
tons in six years. and in the same period
the number Of passengers increased from
l4.763,3s3 to 1887 $50. In the Eve years
following 1897. while the coal movement
/ increased less than three million tons
! from 1855. 3o6 tons TO 12.411 .O7S tons.
general freight gained 1850. 900 tons or
from 1886, $50 tons 20 15.2S6. 6s1 tons.
London takes $4,000 900 of the Erie
/ bond issue and Amsterdam $500. 900.
/ America will get only small share Of
/ the 81 .00O. 900.
/ Underwriters got Erie bonds at 81.
! Shareholders pay STI5-
The principal weakness OF the market
| this morning was in Erie seconds. First
preferred and common were neglected
An official announcement was made
Lehigh Valley. Erie and Lackawanna
have jointly purchased the six freight
| steamers owned by the Northern Steam
ship Company. together with the three
million bushel grain elevator at Buffalo
owned by the same company The price
paid was about $4,000 COO. The purchase
does not affect the ownership of the
Northwest and Northland. the two great
passenger steamships owned by North
ern Steamship Company
Grand Trunks gross earnings for 81,
months increased s1,211, 900 and the net
1922. 900.
American Railway directors have de-
clared the usual quarterly dividend G.
IL per cent.
John r. Fanshawe. who has been sec
rotary OF the Lehigh Valley Railroad FOL
thirty years, will retire on pen
sion for life. He will be succeeded 4:
secretary by D. :. Baird.
Kansas and Texas shows a surplus o
SO, 405 for December. a decrease o
SI24, 367. For six months the surplus II
81 ,1O2 9i6. decrease S54. 592.
| Missouri Kansas and Texas net earn
fngs decreased in December Sill 600. bu
for six months they rose 81 5000.