The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-12-11

lions exceeding $4,000 shares. closed
cent higher than yesterday. though at frac-
tional recession from the beat price. A point
and hal! was added to tho value OF Missouri
Pacific. while Manhattan Hallway retained all
OF its advance. closing with q not gain OF ~
y cent, Naturally the street is full OF
theories md coniecturcs regarding these three
properties. but there are no Developments al
fecting them. except rapidly increasing con-
fldenee in them.
1t seems to be forccone conclusion that the
present head OF tho Gould family will welcome
the cooperation In the management Of those
properties OF other interests OF recognized
power and influence 1t Ia well known that
tho late Mr.. Gould could have disposed OF his
entire holdings OF Manhattan Hallway and
Western Union TO capitalists who enjoyed
tho confidence OF the public to greater de-
gree than lie did. and It is now argued with
good deal Of FEASIBILITY that those capital-
lists. being already interested In these two
properties. will tako moro active part
than heretofore in their management
The explanation OF tho present advance
in Manhattan Railway and Western
Union will probably be found In duo time to
be an increase in tho holdings Of both stocks
by the Vanderbilt and Morgan Interests. The
effective buying OF Western Union the last
two days hos certainly not been for specnla-
two account. AZ noted in The Sun this morn
Ing. 1t means business. though the motive OF
the buyers can only DO conjectured.
Regarding Missouri Pacific. 1t is we'll known
that Mr. Jay Gould hoped to DO able to restore
the stock TO dividend-p paying basis about tho
middle OF noxt year. lie based his expecta-
tons upon the earnings o; tho road after
making deductions for renewals and improve
mcnts. His programme will doubtless be
carried out. providing the earnings keep up. as
they probably Will now that decisive steps are
being taken To maintain rates In the South
west As to Manhattan Railway. 1t is in po-
siton to practically take care OF itself. Its
business increases without effort. In fact
in spite OF tho diseom'orts experienced
by its patrons; but the company owns the
only means OF rapid transit in this city. and
the largest holders OF its stock ore about tho
only capitalists equal to the task OF giving the
city additional facilities Of tho character now
furnished by 1t.
Altogether tho character and prospects OF
tho Gould stocks arpear to have undergone
change during tho last week or ten days. and
In consequence tho market for securities gen.
| orally reflects n distinct improvement. AS a
group the industrial stocks were second
only to tho Gould stocks in importance
In to-day's market. Tho sharp advance In
Sugar Refining and In Distilling and Cattle
deal OF realizing. particularly at the opening.
| Dstilling recovered from the effects OF 1t be-
| fore the close. but Sugar Refining did not,
| and closed frnctlonally lower. According to
| official statements the business OF the Distil-
| ling Company is now upon more profitable
basis than ever before. The President OF the
company was quoted to-day rs saying that the
recent advance in the prices Of its products
| means. upon the present output an increase
in profits Of at least S50O.0OO pen month.
| Chicago Gas became active to-day and sur
passed. so far as activity was concerned.
the two industrials already mentioned.
but tho larger volume Of trading resulted
In slightly lower prices. Tho other in
| dustriuls were comparatively neglected.
| In tho railway list the heaviest transactions
were in Atchison. and that stock showed no
disposition to recover from the decline
that has been in progress NIL the
week. 1t is the only stock on the
list that closes materially lower than
last Saturday. Rock Island was strong
throughout. but did not fluctuate widely.
Advices from the West are aim ost una nimous-
| ly to the effect that the differences between
the company and Its telegraph operators are
| unim portant. and will soon DO disposed OF by
| the employment OF new men In the places OF
those that have struck. Northern Pacific
preferred was firm on light transactions. In
spite OF . decrease OF S2S.OOO in the gross
na.amno.
DsCeinoet.
While the closing was strong. with tho
market evidently headed in the direction OF
t;ahor ,r;,es no,t woel its course mav be
hi:her prices next week. IT'S course may oe
changed By shipments OF specie on Tuesday.
! II will he remem ber al that the npprepate on
:. WI. W -, .a'd ~. 49,. 49, stna,n.
sHeeheh.s VI so'u io' ,"o hiuA'h e'e"uei'
which should have sailed last Tuesday. were
Sl,7OOOOO. There has been no special change
| w. ,. ~, -,