The Washington times., 1903-02-05
IN THE WORLD OF FINANCE.

le- TO worry over at the moment.
1t IS believed before long outsider
. VIII come in. and a broader speculative
4 and more active market with higher
. prices VIII ensue.
+ Anthracite issues all showed strength
and were helped by evidence of furthe-
+ argUmanrartva Erie issues. From we'll
informed people it is learned there is
/ good money 10 be made in Fries aud
Readings
/ The voting trusts in Erie and Readfus
! are no longer considered necessary. and
their dissolution would mean an JIM
I creased distribution upon the shares.
Reading common is a Tavorite with tre
traders. Il is rumorcd that Reading first
/ preferred VIII be restored 20 a 4 per cent
dividend basis this week.
Reports circulated in the street yes
+ teTday 10 lhe effect that a 10 per cent
wage advance had settled the bfrumfnous
labor troubles in the central West are
not sustained by the news this mornfne.
which inimates that the situation is
exceedingly critical A general convex
( ton is held today by the miners.
Rock Island has purchased the Hous-
ton and Texas Central from he South
ern Pacific, giving it an outlet a Cal
weston This is a very important cotton
road
Traffic agreements OF more than or
EdIHaTy scope ard Importance have been
formed between the Hartman trans
continental Hnes-Union Pacific and
Southern Pacifc-and the Chicago. Rock
Island and Pacific railroad.
The Rock Island viii obtain outlets
10 san Francisco and 10 northern Pacific
ports The Union Pacific and Southern
Pacific, by using The Rock Island lines
VIII be aole tc reach many places IN
the Northwest and Southwest that they
have not reached heretofore
There viii also be a trackage agree
ment between the Rock Island and Tho
Atehison by which each COMPANY viii
use the tracks Of the other in certain
parts Of the Southwest The Rock Island
VIII cease new construction in Atchfsou
territory as well as in Southern Pacific
territory
The final step in the settlement OF The
controversy between the Chicago. Rock
Island and Pacific Railroad Company and
the 81 Louis Terminal Association over
the control or the Virgins Ferry Com
pauy. was taken Tuesday. when all Of
the numerous suits filed IN the circuit
court were dismissed
An amicabIe settlement was reached
finally BY the Rock Island joining the
Terminal Association at ST. Louis.
The Rock Island-Union Pacific ar
rangement strengthens the opposition 10
Gould plans.
A letter from a Wall Street man who
IS In position TO obtain good infor-
nation from tine to time. intimates
there IS good money in Wabash securi-
ties II one VIII hold them for while.
Friends Of his close 10 the GoGld inter
ests. are heavy buyers. and anticipate
better prices for both classes OF stock
ard bonds.
The ordinance granting the Wabash
Railroad Company the right to enter
FlttsbuTg was signed by Recorder Brown I
and is now law
Wabash officials a. once called ND the :
contractors. ordering them 10 resume F.
work Immediately. and 10 rush IL so s.
10 make it possible TO start the runnina /.
OF freight trains by September I.
dispatch. published this morning .
says large stock exchange house close .
10 Pennsylvania interests has in he
past two months accumulated barwrra .
$1,000 and 100000 shares OF Afcbfsgr
preferred stock, while il also has been
q fairly heavy buyer of common There
are vague reports circulated regardingI
some kind OF Pennsylvania deal +
Good buying in Ontario and Western
was a=cribed to q report that the stock
IS uAely 10 &c. good advance
IT is definitely stated that no Morgan
interests VIII enter the san Francisco
board Of directors al today's meeting.
. The report Of the United States Steel
-7rporatlon shows an aggregate OF or
leTs for sos tons OF steel and its pro-
ducts have been booked. This is ths
record in the history Of the nrggufza-