The Washington times., 1909-09-30

~ REMAINS JUST &nRhN AAt STUNT as II
was at 1:0 this afternoon. The volume
OF business shows no enlargement and
price changes are insignificant.
NEW YORK, Sept. @.-There was
considerable activity and much strength
in the list during the first hour. another
wave of profit taking, and a general
setback TO almost the closing prices Of
yesterday in the second hour of the
morning session. In addition 10 the
loss Of the gain there we're slight de-
clines here and there throughout the
list and also a few spots where The
strength was sufficient 70 overcome the
trend toward lower prices n TO estac-
lish a good gain. In the latter list
Chesapeake and Ohio and Union Pa
cite, with Atchison. were conspicuous,
and all on bullish news.
The Street looks for another rise i'm
Union Pacific that shall give the Ia
vorite Hartman leader 2 new high
record, passing the G9 OF a few weeks
ago, preceding the return of the late
magnate. The segregation story is in
every Office and accentuated with pre-
dictions of $50. The story is current
again that +. II. Hawley IS to come
into the place made vacant by the pass
ing of Mr.. Harriman-Hawleyi the hSht-
er, Hawley who cared not with whom
HaWiey has said that Chesapeake and
Ohio was going much higher. Probably
he saw to il that il did. Others fol-
lowed, and the stock moved up from a
close on Wednesday at S6s 20 S9S, with
a reaction TO SS1k. II was also announced
definitely that the Chesapeake ONO
had acquired control of the Big -Four
from the Nanderbilts.
AtchisOn rose TO 124lz from a low OF
the morning at l22s on the eNceiieht
statement OF the fiscal year, ana me
promise of 8 per cent dividend that II
seems 10 confirm. The fact that As
per cent has been earned on the COM
mon stock is a bull card.
Atchison Statement.
The Atchison reports for fiscal year
ended June 80 last showed total opefat-
ing revenue, increase. 3,647,92L Total ap-
<ratng expenses. decrease. S3,13tI3. Net
operating revenue, increase, S6.fS2,64l.
FOther income, increase. S4Sb,4Vl. Balance
increase. S7,49S, 419. Total surplus de-
crease. 81. 2Oi. 361 The balance for com
mon dividends is equal TO 1A2S per cent
on the $40, $4,000 outstanding during
greater part Of year against IA per
cent in year previous
President Ripley says; The sum Of ~
00.O0l OF the income for year has been
appropriated for additions and better
ments 100000 being EXPENDED during
year and remaining S.0o,eo being re-
ECTNG0 TO OG EAUfAAlNh III hAE ~ -
Interest charges for year ended June
%. 1910. viii be approximately $lJ,f4-IS
Easier and Dull.
AS the market eased OF II became
slower but there were no indications
that the movement in stocks was on the
wane. The advances OF the week have
been so satisfactory that many traders
took profits and waited for recessions
10 get back again. It was noted that
the Gould stocks did not act with much
show Of strength. Denver breaking a
point. Missouri Pacific and Katy slow.
Foreign houses found the prices on
Steel shares attractive. They sold
about $1,000 shares all told yesterday,
chiefly OF Steel and kept il up today.
The rapid advance was checked by this
and local proht-taking and Steel COM
mon broke 10 SSfs. The preferred rose
> and cased off ~
Union Pacific started at 20s8S and
touching 2l0. went back 10 209A. Read
ing was weak at 1894 20 1851 St. Paul
held a small fractional gain. and South
ern Pacific did not give way below
Wednesdays closing.
In the noon hour the market remained
very quiet, with a fractional rise here
and there. but not any particular show
in the direction OF lower values Steel
common was back At 50. the preferred
1924. Southern Pacific at 124iz was =
net higher. while Union Pacific was
strong at 2092.. Reading had recovered
most of its earlier loss. Sentiment
along the Street was amOst unanimous
~ favorable 70 better prices.