The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-07

bid Of 81 per cent for ne next y gears dvi.
dend was reported re, from Boston. =,
t the Lewishons. Lansburgh Bros. F; II.
Thomas Il Co. Van Embergh and After
M SEy YER n aWShg re arge5St bInye
sellers.
STEEL DEPRESSED:
Doubts in regard to the real position Of
the bond conversion plan Of the United
States Steel Corporation We're partly re-
sponsible for, the reactionary. tendency Of
Selling coming from the he operators identls
fled with the Waldorf-Astoria clique. and
some of the original owners Of subsidiary
Ste oaaPs an o re yee rssf T meet met
shortly to consider the general question
Of the conversion plan
SUGAR DECLINES.
stock. which resulted in a decline of about
q point, Tho tone was heavy.
The anthracite shares showed disap-
nothing mporta5nt de
a mee aGaDs Of Reas shp'SH
would result in. anything that has not
already been foreshad owed The !, first y
81 stock is se hnSszt With bc
was 90h, so that It was thought the res
toration of the dividend basis, to per
cent. had probably been fully discounted.
Later on 1t was announced that Read
Ing directors declared a semi-annual diyi-
dend of per cent. on the LIST preferred
stock.
ERIE HOLDS WE'LL:
Eric shares held rs we'll rs any OF those
IN tn this group and belief is growing n tn ehe
atNsf pl f-v, fSpon wa, ,nv1fc
and extensions is on the eve of announce
ment.
Gossip concerning Fries plans for i'm
SIS, 600 and s3o,6o,ooo VIII be needed for
necessary betterments. There Is no def
Which the necessary funds viii vii be raised
but it Is said that several propositions to
that end are under. consideration.
All the ,rumors about change Of control
and the like seem to have been aband-
oned completely, and the Improvement of
the property under the present manage
ment Is the main topic. Both physical
and a financial reorganization Of Erie
seems imminent.
WABASH FLouR1sHING:
All things seem to be coming the way
small is being speedily removed. so that
It may establish itself in Pittsburg, Sc
sSuresly. Congress has passed the bill al
lu"lIlS 'WuDdSSIl u .COllSlTuClah IL DTluRe
across the Allegheny River. This bridge
will be used to carry the company tracks
from the passenger station In Pittsburg.
at Liberty and Ferry Streets across the
Allegheny to Allegheny. During the time
when the, injunction OF, the Supreme Court
prevented the Wabash from doing any
work on any part Of It's line within the
limits Of the. city of Pittsburg work was
rushed on the Allegheny end Of the
bridge, because even If the Pittsburg
Council refused to pass the needed ordl-
nance the bridge could be sold to a troll
ley company the assent Of Congress be-
ing assured for erecting the bridge.
TILE CLOSE:
The close was dull and tho movements
In the last few minutes were Of a purely
professional character. The collapse Of
tho speculation in United States Steel
common appeared to have, done as much
as anything to check trading.
The extreme dullness and tendency to
sag Of the soft coal stocks on light sales
was noticeable.
The best information is reassurlng on
the question Of labor. but the street spec
fore which have not prevented strikes.
The selling In none of the issues named
was important. but a Western attempt to
hllll NOrfOllS ar6 TVnefarr, was n l1o nd nad