The Washington times., 1903-02-26

Since these plans are only in forma-
tive state As yet, although Il is said that
n general scheme has been evolved, IL is
impossible TO expect any satisfactory
NeriBcation. But it is said that moth
ing less than a complete reorganiZa-
JioE OF Louisville and Nashville is con-
templated. and that IL Will be put
through by the Atlantic Coast Line and
the bankers who expected a settlement
Of the middle precipitated by the Gates
raid on the property. a scheme similar
to the Rock Island reorganization plan
may be put into effect.
No suggested possibility has ever en-
gendered so much skepticism, apparent
iy, as that relating to the management
OF the capital account of the Consoli-
dated Gas Company. It has been dis
missed summarily as an absurdity, and
a little later reconsidered as one of the
things that comes within the province
of the unexplained always happens"
Inasmuch as plan for the reorganiZa-
ton OF the affairs of the company has
been considered, it would seem to be
worthy of serious consideration.
Certain contingencies. which are not
al all likely 20 arrive. it is asserted
positively, can alone prevent the car
ryinS out of some reorganization plan
this year. 1t has been said already that
nothing definitely will be done until the
Legislature adjourns and equally posi-
tive is the assertion that the basis on
which the capital account will be re-
adjusted, Is $500 share for the present
stock of the company
On the very broae theory that there
must be something definite which is pro-
ductive of the strength in Amalgamated
Copper much curiosity and speculation
n he n
huencing cause Some assert that it is
nothing but a bull pool. pure manipula-
ton. and so forth. Others admit the
bull pool theory. tolerate the manipula-
tion fdea but condone both with the as
sertion that something of material bene-
fit TO the property or OF interest TO the
stockholders is about to develop.
Certain it is that the prices for the
metal are higher and trade conditions
are better. but the more popular theory
is that the next dividend will be 1 per
cent instead of y OF 1 per cent, which
has been paid for several quarters. ON
cial Information on anything pertaining
TO Amalgamated Copper Is something i'm
possible TO conceive. so that the an
nouncement Of the dividend must decide
the POINT
Definite suggestions as to the prime
trio were made today by a prominent
brokerage house 10 its clients. The theory
that the acquisition of the Stanley Elec-
trio Company was the only reason for
the advance in the stock was set aside
II is said that at the next dividend meet
ing 212 per cent will be declared, and the
stock placed definitely on a 10 per cent
basis. 1t was said further that the re-
port for the year would show total sur
plus OF $4,000 600.
These statements we're made by u
house thoroughly conservative and in
close touch with General Electric affairs
The next dividend Is payable in April
and the annual meeting OF the company
viii be held on May u.
The bull point on SHELTERS. on which
the stock has been worked up lately, Is
that the management has decided 70 de-
clare a dividend Of 4 or > per cent on
the stock next month payable in April.