The Washington times., 1903-02-04
ADVANCES SCORED
THROUGHOUT LIST
IN THE WORLD OF FINANCE.


iuation Of the Venezuelan question from
the situation, and would encourage buy
ing
The very strong underlying conditions
and the very favorable outlook for the
continuance of the couutry's prosperity
are having now very optimistic intiu-
ence-
There is competent authority for the
statement that there IS now no actual
strike on the Union Pacific. It Is true
quite a number Of railway employees are
out Of work and are making lot Of
noise against the company. Their places
have been filled, however, by new men,
and work progresses smoothly.
! rumor which is given much ere
deucc in some quarters is 10 the effect
that the Rock Island and Union
Pacific are negotiating a deal whereby
the former will b. able 10 reach the Pa
Ciic Coast. and il is represented that
such an agreement would be Of meal
cuIabIe benefit to the Rock Island
The story was discredited by people
likely to be well informed on Union Pa
cific matters. The pool in Rock Island
however, seemed to have resumed op-
eraJjons.
It IS also officially denied by President
Ripley that AIchison viii build at once
a road connecting its line with the Rock
Island. and that the former viii use the
latteT's tracks to the Pacific Coast
officials Of the Rock Island company
at New York reiteTate that the suit
brought in the Chicago court to upset
the recent reorganization of the com
pany's capital under the New Jersey
charter on the charge Of fraud against
the minority stockholders is nothing
more or less than q strike" on par
with the recent suit against the North
ern Pacific and the United States Steel
preferred conversion scheme.
Rock Island is unable TO meet de-
mands for cars for shippers
The Rock Island people have almost
I completed plans for their S25 COO. .0G0 IN
diana bitumiG0us coal combination.
The ordinance granting ths franchise
and right Of way to the Wabash Rail
road into PittsbUrg was passed finally
/ ly the select council at a special meet
ing Monday and by the common council
/ yesterday.
President Joseph Ramsey. Of the Wa
bash Railroad. has instructed the ON
pany's architect TO open the proposals
and let the contract for the cOnst~uc-
tion Of the great passenger freight sta
tion which will be the heart Of The
wabash system when its extension to
the Atlantic coast is completed.
It is reported that the ordinance will
be signed today by the recorder and
that Wabash trains viii be running
into Pittsburg by early summer.
With the completion of the new s.
/ 600 600 belt around the city OF Toledo,
the Gould interest controlling the Wa
bash. Ann ATbOr and Wheeling and Lake
Erie lines have purchased property
through the heart OF the city, with
which they viii develop terminals at
cost Of $4,000, ,0000-
It Is the intention Of the Gould inter
est 10 lay a four-track road on this
property, connecting their diversified
interests IN Toledo by this means with
the terminals. The right Of way Is. With
out exception, the highest priced prop
erty il Toledo
The market position Of Brooklyn Rapid
ITansitis believed to have been strength
ened byreason of Mr.. Ream's and his fol
lowiL g's active speculative interest. The
Flower pool appears very bullish on tho
stock. and predicts much higher prices. !
President Edwin ". Winter, the new
head of the Brooklyn Rapid TRANSIT
Company. viii not assume control Of al
fairs until after the annual meeting %
the Brooklyn Heights Railroad Com
pany when he viii succeed Jacob /.
Greatsinger as head Of that corporation. !
II was said yesterday that Mr.. Great
singer had become financially interested
in and would be active Ia the manage
ment Of the Westminster Heights Realty
Company which owns 175 Q res of lam
between Flatbush and Ocean Avenues.
md Kings Highway. Others interested
in the company are said TO be Senator
thaunCey NJ DeDeW, Horace C. Du Val
Police Commissioner Greene, Henry ".
Poor, and John Greenough.
The annual report Of the ConsoIfcr-
tion Coal Company, made public yegteT-
day. shows gross earnings OF S3.54l. SAC
and net earnings of $534527. After nav
ment Of the regular dividend OF s. per
share OF stock and all other expenses
there was a surplus Of S178. 437
Norfolk and Western December sur-
plus after charges shows an increase Of
$G0,5l2
Important developments were hIuted
at as pending in the Southern Railway.
Possibly in connection with Sanre Fc
For the past few days there has been
good buying IL Southern Railway. II
continued this morning, and the floor
traders have the point TO buy it for sew
cral points.
DiIigent inquiry fails TO reveal anv
good reason why Reading should advance