The Washington times., 1903-01-27

atttfeHF FORCING Up prices. did not ma
,eTialize, and the effort failed TO define
the situation
London came firm with American
stocks al prices generally Is to = point
higher than domestic closing quotations
yesterday, on what was regarded as
mostly New York buying on The prac-
teal elimination Of the threatened com
Picauons in the Venezuelan situation
Reading was strong on the fine show
ing made by Jersey Central for TeceTa~
Der. and its effect was felt sympathetic
ally by other hard coal CARRYING roads.
Chesapeake and Ohio was firm on an
expected renewal Of New Haven coal
contract in April on much more favor
able terms.
The Western crowd was bulling Louis
vile with some success
Erie opened q above yesterdays clos
Ing. and later advanced another = %
Il IS II maintained price above Il
through the morning. Reading also open
ed 3 above yesterdays closing. main
tanning its advance
Erie has shown exceptional strength
for some time. Evidently something or
Importance is on foot. Rumors are many
a.
but apparently nothing positively Is
known.
The most persistent explanation given
Of Erle's strength is found in s report-
ed connection with the Northern SecurI-
ties Company Should that deal 20
through the courts. Erie. it is expected
VIII be the beneficiary in the East.
Bull speculation in the Erfes * Iflzel,
20 continue its statement for December
which VIII appear At the close Of the
week and VIII show an increase in neg
earnings Of upward Of $500 DOS and $500
Vv7 increase from its coal properties
ne Reading statement for Decembe-
VIII appear at the same time and viii
show an almost equally large increase
The cotton market was strong and
steadily advanced with very light offer
ings. Speculation was still verv Ifgbr
and professional interests seemed 10 he
the principal buyers
Liverpool showed good spot market
business IN cotton at frmer prices. Fu-
lures opened steady at a point decline.
IaJeF advancing points above yes
leTday's closing.
The statement Of Twin City RAND
Transit shows earnings of 81 per cent
on common.
Negotiations between the General
Electric and Stanley Electric are nrae-
tically completed This viii eliminate
competition from the latter.
a Canadian Pacific bull pool is re-
ported 20 be operating in Duluth South
crn shore and SauIt St. Marie.
Rock Island officials report that It's
business is only limited by its car
supply
Atchison has not an idle car or engine
anywhere on its lines.
The subLTeasuTy statement ehovrs +fa
bank gain OF $4,000 since Friday.
Already the street Is beginning TO won
der how soon the big Pennsylvania Rail
road loan viii influence the bank state
menJ- and IL some banking quarters to
day 1t was predicted that the first effects
VIII DC seen next Saturday But st is as
yet TOO early 10 worry about what next
Saturdays s bank statement viii show
There are big things brewing I'm Penn
sylvania Railroad affairs. and the etoc,
Is likely 10 be well taken care OF III the
market l. seems now TO be peE2cd
pretty firmly around r. When in the
spring official announcement is made
showing the amount Of the new allotment
or stock and the price al which share
holders may take Il the value OF the
rights VIII be definitely known. and the
market value of the stock viii respond
10 The privileges allotted.
Reading has its bright side also The
CCmpauy.s statement for December is
due. December, 1901. was q bad month
on account Of floods The CORRESPONDING
month Cf 1912 found the Reading crowded
with su unprecedented coal traffic in ad-
ditiou To- large miscellaneous freight
traffic The figures about to be pub
l5ahed must. therefore. show large net
results which viii benefit Reading shares. /
Then, too, there is little doubt that the
Z UeT cent rate of dividend viii be re-
st0rea TO Reading first preferred stock
i1st as soon rs The receipts VIII warrant.
and when this favorable action is taken
another prop viii be placed under Read
ing
il Is TOW said that no payment on ac-
cCunt cf tie Panama Canal VIII be- made
until after The treaty is ratified By Co
lCuhia IN March If this is true. one fac
tor which would certainly have resulted
in gold exports has been pushed aside for
the moment
EPIDEMIC OF SMALL FIRES.
There was ar epidemic Of small fires.
over the city last night The only dam
age was al the corner Of Pomerov and
Sheridan avenues. HiIIsdaIe 10 q house
occupied by Sylvester Tut and Minnie
BarEelg- each Of whom suffered o loss of