The times., 1897-03-14

higher In the end this should certainly
be SO, as las been pointed out i'll this
column, as the road is In prosperous
condition and is better able TO pay is
dividend than many others whose prices
are away above ORaha's present figures.
But thele are those who expect reaction
In Omaha in the immediate future,
temporary one
Manhattan seems high enough. II closed
at SO l-2 yesterday, "a above the open
ing figure, having scofed better gain than
almost any other stock. The facts about
Manhattan cannot bedisguised. The reduc-
tion OF the dividend was of course wise
move when the former dividend was not
being earned, but tile fact that the dlvi-
dend was reduced to 4 per cent year
should certainly not imnedately inspire
speculators o purchase Manhattan IN large
blocks with the expectation of big profits.
Four per cent is nearer the real earning
power of the road chan g per cent, but
Manhattan is on the Cowuw ward grade. Its
competition is great and is becoming
greater all the time. ftisa back number.
Rubber is taking a bad tumble. 1t con-
tinued on its downward course yesterday,
losing nearly a per cent during the day, and
closing at Go One does not hear what
particular trouble the rubber company is
in at the moment, hut the general con-
dtion Of the conpnay is sufficient TO ac-
count for any drop.
People who have been bearish on the
rest of the market all along have been
since the Lake Shore funding scheme was
announced. The stock was up to 80 1-2
Yesterday. Shrewd traders are still feel
ing good about the prospects OF the road
and further advance in the stock.
hear that Mr.. George W Silsby has
under advisement a partial change n the
nature OF his business. He may, l under
stand, somew hat do away with his room
trading, establishing a private banking 6
business and doing a commission stock
brokerage business only for those having
accounts with him. This column does not
care what you do, Mr.. Silhsy. 1t feels
sur3 that anything you attempt will he
successful eminently so, and that, more
Mer, it will he gracefully done and
Ysmoothly as well as successfully.
understand that the pressure is becom-
| ing too great with some of the local
| brokers, and that the next week or two
| will show quite Il wedding out ofthe weaker
| members of the fraternity. The fact OF
| the matter is that there is perhaps busi-
| ness for fifteen brokers here in Washing
| ton when speculation is brisk. The num-
| ber of firms having signs out at present
| is nearer thirty. This cutting up Of the
| business means that hardly anyone is max
| ing good profits this spring, and that u
| great many are dropping their money ev-
| cry week and every day.
| This problem OF winning in the stock mar
ket is most difficult one. Your trader
who has been going against the market
| for months and always losing, when he
gets down pretty nearly to the bottom of
his pile, farcies that if he bucks on the
| other side he will be as sure to win as
he was TO lose at first, but there is an
error in this proposition, as too many OF
the little sharps about town have learned
Gurley & Barross are feeling gratified
| they tell me, at the amount OF business
| they are doing since they made their con
nection with Hunter, Cooper X Co. Tht
| New York firm is n excellent one, and, IN
| fact. there is no ono sun the street wh'
can boast of better correspondents.
Brokers OF the local market are opti
mists Just at present. They are expect
ing. with a great many others. in tn
first place that Washington is to hay
fine spring in business way. The.
IDo YGu Wear One Like This /