The times., 1897-05-08

people IN tHtIE leIieI.
There wastaken from the suhtreasury yes
teIday for export 81 100000. The market
apparently took little notice OF the cir
cunstance, probably arguing that 1T was
owing TO the circun stance OF orders from
the other side involving more o. less of
a premium. 1t Is significant that the All
mnistration. has Indicated that IT is aware
OF the gold shipments IN another column
she story of the conference between
Mr.. Mckinley Secretary Gage, and Sub
treasurer Jordan at the White House yes
terdlay is spoken of. There is no question
that Mr. Mckinley believes that inns mat
ter may become serious, II 1t is not 80
at present However, Mr.. Mckinley and
Nh Gage are both new people, and ii Is
thought that Mr. Jordan may have reas-
sured them of the lack OF immediate
danger in the situation.
There was a decline of nearly , per cent
in Omaha yesterday on sales inspired by
the announcement that no further dividend
was TO be declared this year. twill pIoha
bly, be advisable TO take profits on this stock
sn rallies. There have been good ones
for the people who followed the advice OF
this column.
The New York Sun says that Mr. Cornc-
lius Vanderbilt will retire from the Della
ware and Hudson board at the annual
meeting next Tuesday.
1t is said that Mr.. George Arantz, treas
urer OF the American Tobacco Company,
will give up his position and leave the
company Mr. Arantz is the nephew of
Mr.. Ginter, and was, it is understood, his
special representative on the board. The
annual meeting of the tobacco company
occurs next Wednesday Important de
yelopmeDts may be expected. The annual
report comes out on that day, and it is
understood that it viii show the dividends
on the preferred and common stock earned
and the surplus in addition.
The suppOsition is that the selling in
Western Union is discounting the prob
able reduction OF dividend 1t will most
likely continue, but if the dividend is re-
duced there should be a rally
Dow, Jones " Co, say of Rock Island:
Flower & Co. sold puts on Rock Island
and this was taken to mean that the
situation West had changed for the better.
All advices from the West are that the
roads are DR. wing up, and that both freight
a nd passenger traffic is in consequence i'm
proving The outlook for all the granger
stock is good, and it is possible that Rock
Island may this time lead the group up
ward, instead of as has been the case for
two or three years, following the lead of
Burlington and st. Paul.
Chicago Gas sold off some hat yesterday
but not aiarningly by any means, probably
on account of the delay in the passage of
the consolidation bill. 1t is only delay,
however. and tn till will eventually pass
Chicago is buying Gas all the time. 1t is
reported that the settlmeent with the
Ogden was not a purchase or a consoi0a-
ton, but that a division of territory has
been agreed upon. This will be entirely
satisfa ctory to both parties. 1t removes all
danger of opposition to the consolidation
and the frontage bills.
Bradstreet's today will say: Favorable
business features this week include the
continued decline of water In flooded dis
tricts of the Mississippi valley, in a portion
OF which planting has begun; better demand
for staples, larger sales OF iron Or, to
Western furnaces, and a revival of activity
among country merchants In some Central
Western States.
Bank ciearings increased sharply this
week. amounting to ST., i 20 900, 900, or 81
per cent more than last week, but J. 6 per
cent less than in the first week of May,
1896.
Exports Of wheat from both coasts of
the United States and Canada this week,
flour included, as wheat, amount to ,799,-
322 bushels; as compared with 1 L 55, 900
bushels last week; ,SS2 900 in the week
a year ago; 2,sO5.0OO two years ago:
2 81 8 900 three years ago, and 2,712,0OO
in the like week of 1893.