New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-29

In most instances the opening prices were the
lowest Of the day and the final TRANSACTIONS "eie
at or near the best prices attained. In 'he case
Of American Sugar the stock carries quarterly
dividend of 3 per cent. which makes the QUOTA
tion for it equal to 49, The buying or Brook
lyn Rapid Transit was largely for investment by
the same capitalists who have extensive hoiu-
ings of Chicago Gas. The earnings OF the Rapio
Transit Company showing heavy increase
over last year, and the company Is trying 10 ar-
range TO run it's cars over the Brooklyn Bridge.
The reorganization OF this company was most
effective one, and it is not too much 10 eXpec-
dividends on the stock In the not distant future'
Yesterdays gain in the stock was accompanied
by an advance Of "a per cent in the company
:. per cent bonds. The special demand lor the
securities. Of the Brooklyn Rapid transit Co"'-
many was taken in some quarters to indicate I'M
pending developments OF some kind. But fresi-
dent Clinton L. Rossiter last night declared that
he knew Of no large deals or combinations on
hand which would afford reason for the sud
den rise Il think he added. that the excel
lent condition in which our road now is would be
sufficient to account for it In large part we
have never been doing we'll as we arc now.
our earnings show increase of S30Voo, ana
we are making 1000 day more than last year
narrowing any money. do not see why these
facts are not enough to account for the rise.
though do not profess to Know anything apoul
the stock end Of the business.
Authority has at last been granted to the COM
panies IN the old Chicago Gas Trust to consoii-
date into one corporation. Six per cent ls now
raid in dividends on the certliicates represent
ing the stocks OF the allied companies, which
are now dealt in on the Stock Exchange. by the
consolidation there Will be an economy In ad-
ministration equal to l or 11s per cent on the
combined stocks.
There has already been large rise IN the
stocks Of the so-called Granger roads-Burling-
ton and Quincy. Northwest. Rock lsland ana ~;
Paul II Is certain that these stocks VIII sen
much higher The total yield or wheat anu
corn will be large this year, and OWING 10 To- 'ile
failure Of crops in other countries tnere VIII pe
a ready market for American cereals Inc COLI COLI
sequence will be a large tonnage Tor the Granger
roads. -. 49, o,,d ord
The gold shipments are nearly at an end. ana
while they would ordinarily arrest an uPNaiu
movement in stocks. they have not done so III
tho nresent instance. because the country mas
GOLD IN snare and because people are thorousny
Convinced that the hard times are over. ana tnat M
an ora OF permanent prosperity has set IN No. Inc me
associated banks of New-Iork hold soo;Vc",ooo c
IN gold and the gold reserve In the United states
Treasury is in excess of Sl4O,OO0OOO.
y Goddard commissioner Of the Trunk Line
Associaton said yesterday that rates ooth east-
hound and westbound, were now well nam
toined The situation was better thah 10.
long time There were distinct evidences vi IN
nrnvement In business, and the outlook was loi
large earnings by the railroads IN the neA' s'N
he