The Washington times., 1903-02-21

There are many Irregularities in the
prices OF the Frisco shares whici. are
hard to understand; for instance. II is
not quite clear why the non-dividend
paying stock should sell above the
per cent second preferred and above the
. per cent Kansas City. Fort Scott and
Memphis preferred. But the stocks all
give promise Of reaching still higher
prices before long.
There is no official or semi-ofIctaI
sanction OF the rumor that the Gould
combination OF Southwestern properties
is about to be launched But the action
OF the Gould stocks does give color TO
the intimation that these shares are to
be made market leaders and are to be
put to higher prices than have been seen
for them for a long time. For M. %.
p" for instance, the inside crowd is
promising $50.
Funny things happen in Wall Street. q"
exclaimed George Gould when told that
tic Pennsylvania is trying to buy enough
Wabash stock to get representation in
the board.
Everybody wonders what Gould and
Rockefeller will talk about at their
meeting in Florida.
Tonopah went up another 81 a share
yesterday, selling at SIO.75. Only two
weeks ago w C. Whitney sold about
100000 shares at 81
The syndicate which took I'D the Now
York Central's recent bond issue has
only disposed Of 20 per cent. of its bol5-
ings, or less than $1,000 900.
Missouri Pacifc's net earnings for M
cember rose 1892. O7O. For the year 1902
gross earnings were s37. 4s5. 6s7 and net
Sl2 452. 1876. the latter being a decrease
OF S593.0S3 from 1901.
Grand Trunks earnings for the second
week OF the month rose $147. 900.
Even II Philadelphia and Erie share
! holders do not get that s.. 600 900 now in
/ the treasury through an issue OF new
| stock and a scrip dividend they will get
/ a return IN some ether shape at a later
DAY. Moreover, David s. THOMPSON au-
l thor Of the resolution. says he thinks
/ the matter Will be favorably acted uDon
/ IN the near future.
| I do not think there will be a call
| on Rapid Transit stock for an assess
ment before July l. IL then" says a di r.
rector OF the company.
Rapid Transit shares decline as the
/ time approaches for beginning work on
the subway. which means an inevitable
assessment upon the stock OF so or $I5.
I l.
show that he has sold no Metropolitan
stock because he knew OF nothing frreg-
/ ular in the cOmpany's affairs. Mr. Whit
| nsy's statement. published yesterday in
/ this column. was accepted. What he
said. however. did not change Wall
! Streets belief that he has recently
| dropped a big block Of Met" and a
I still larger block Of Amalgamated Cop
/ per
/ But. apart from Mr. whituey's doings.
/ II was shown that while charges OF ir-
/ regularity may have been made lately,
nothing confrmative has appeared. The
( impression gained ground that suits
| against the company and the rumors or
\ trouble have been part Of plan OF the
same character as others with which
/ Wall Street has become acquainted 20 It's
/ sorrow In the past three years.
/ secretary SndW says mere Is 10
plan on foot at present for refunding any
4 issue OF United States bonds"
A seat on the New York Stock Ex-
/ change has been sold for ISL 900. an ad-
! vance OF 81, 900 over the last previous
sale.
! There is talk OF a steel combine in
Canada TO rival the Dominion Company,
provided the tariff bill goes through.
/ II is announced that the United States
Steel Company has received orders for
/ 100. 600 tons of steel rails at $3.50 ton.
/ Judged by advance orders, United
States Steel earnings this year should
exceed those OF 1902 by $50, 600 600. says
an official.
Options on a number OF independent
/ iron bar producers in Indiana AMI Illi-
nois expired yesterday and the feeling
has been that the consolidation with the
! United States Steel Company is likely
! to go through. II Is now several months
since certain constituents OF the Steel
/ Corporation made radical cuts on wire,
! sheets tinplates aud merchant pipe.
more than meeting the cutting which had
hcen started by the Independents. The
big corporation has now gotten very
tight grip on the trade in these lines
/ 1t is announced at PIttsburg that while
/ the price OF ore has not been finally
/ fixed for the year IL VIII be advanced
| on an average OF so cents ton over 1902
| prices. That would increase the cost OF
making a ton OF pig iron at least so
| cents. Ore acquisitions for the season
Iwiu hs hetween 33-0Oo.00O and S4.OO0.0OO