The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1903-03-26

week for our stocks with prices gen
orally about i lower for the majority
OF the list except Southern Pacific
which is down a. St Paul. Reading. and
Chesapeake and Ohio 4 lower. Ana
conda is down . points. Money market
conditions continue unchanged, Con-
soils lie lower from yesterdays closing
to 80 sic for both money and account
The outlook is for a continued ir-
regular and unsettled stock market
General sentiment is depressed by its
disappointing action and the uncer-
tainty OF the money situation here is
further aggravated by the further IN
certainty at London and the very de-
pressed condition Of that market gem
orally as a result Of the continued
weakness of consoIs.
Moreover. there is the threatening
labor situation here and continued
apathy OF the public regarding either
speculative or investment purchases TO
contend with. Further increase of $50
600. GOO new Pennsylvania stock an
nounced by the directors yesterday was
not well received by the street. Stock
holders are given the right TO subscribe
for this stock at 12O. and as 80 per cent
OF the subscriptions will have TO be paid
for early In June. it will require some
thing like $50. 600 900 TO finance the
fiotation OF such an amount of stock.
With the Erie bond issue, Mis-
souri, Pacific. New York Cen
trail and numerous other bond and
stock fotations to underwrite and
put on the market, these new issues
are becoming more of strain in the
present condition OF the money market.
and are. therefore, regarded as piling
up such a heavy load that the effect
viii be TO depress still further general
market sentiment
New York. Ontario. and Western
statement for February shows gross in
crease OF $2O5,O70 and net increase
S156.303. for eight months; gross earn
ings decreased $s1. $50 and net $13O. OBS;
surplus after all charges for that period
shows decrease Of S2O3.57o. This is
pretty good showing for this company.
in view OF the long strike period.
The 81. 226 500 new common stock OF
the Chicago and Northwestern has been
added TO the list of the stock today by
the total. s4s, 34O. 200.
The new Manhattan guaranteed capital
stock OF 500. 200. 900 will be regularly
added 20 the list April /. in lieu of the
present stock.
The Brooklyn Rapid Transit Company
Will not make any more monthly state
ments OF its earnings. but make them
quarterly hereafter.
The subtreasury gained 81 800. 900 from
the banks yesterday. which makes the
total loss OF cash 10 them from This
source alone since last Friday. S2.15S.-
600 This compares with total OF 81 500
coo and $4,000 600 the previous week
Pennsylvania rights are freely offered
at and bids are scarce at and AZ
per cent To obtain the rights on this
contemplated issue, stockholders will
have TO carry the stock until May 3. 5
they viii not accrue until then.
II Is an acknowledged fact that the
greatest amounts OF stocks are held by
the big people. So far the market has
BOhe uONA ~ OF %" points on pihlnR
operations of the local talent around
Wall Street. None Of the big men has
sold.
The bear party is strong and may
drive down specialties. hut little liuui
dation is apparently brought about In
vestment buying is again pronounced.
and is quickly absorbing the floating
supply Of stocks. as the bears will prob
ably find when they begin Ia cover
London is reported 10 be bare OF
American stocks. and is said TO be ready
70 I