The morning times., 1897-03-04

=" iiti hets were disturbed by the
gravity OF the situation in the Levant Also
added to the general effect OF the nearness
OF the inauguration were the predictions
OF the leading railway officers that there
would be an improvement in the returns
from railway traffic from nowon.
Inc advance in prices was equal to from
IL to 1-2 per cent, the latter in Pull
man, which rose to 1853 Omaha conuon
advanced 4 l-2 to 5 rs, Consolidated Gas
TO / 54 12. The two heavy stocks in
the market recently. Jersey Central and
Manhattan, were sluggish yesterday I'm
the early trading, Jersey selling to 90 "A
and Manhattan to So 81 but they both
moved UP a couple of points during the
afternoon in sympathy with the other
market. There was in the late afternoon
what may possibly be the embryo of a ois
position TO make profits. and a Slight rcac-
ton Of from Is TO 1-2 from highest
figures was recorded. Total sales for the
day were COZ ,O47 shares, the Iarresr
record for some time
sugar was among the leaders OF the adj
vance. Early in the day President II q
Havemeyer of the Sugar Company. made
the announcement that the dividends ON
Doth the common and the preferred stocks
viii be declared by the directors at their
next meeting. This announcement. though
l6 was, OF course, expected, led to free
purchases OF Sugar stock. All the Wash
ington information on Sugar is that the
ways and Means Committee has decided
that the duty on sugar shan be specific.
and big one. OF course, this is what the
refining interests do not want However
friends of the Sugar Company say that
there need be no fear of any such duty
that the company will get what ii wants
a high ad yalOrem duty. They expect all
sorts of rumors about the sugar sChed-
ule, nut have great faith that in the
end Mr.. Havemeyer viii he found to have
got what he wants. This is a business !
administration. Mark Hanna is a bust |
ness man. This business administration |
which is promising US all kinds of pros |
perity, cannot afford to hurt such a fine |
business interest Moreover, a high ad
valorem duty would yield a large rev
enue to the government, would protect |
the beet and cane interests, and would
be in many other respects desirable.
Notice, please, that the fine advance in
Omaha Common, which has been predicted
1
shown itself. Four and a half is the hest
figure that this stock has been quoted at
for long, long time. However, it is still
q very low one. Friends of Omaha are
talking about 60 and 40 for the stock
before very long. Omaha is a coming
property It's earnings viii rapidly in
crease and the road viii probab bly, be able
20 pay . per cent in the near future When
his occurs, what reason is there for prices
around so?
There is still all kinds OF doubt about the
regular dividend being paid on Manhattan
leXt week. 1t seems that Mr. George ould
still wants it, and that he is expected
)y friends of the road to insist upon the
regular i 1-2 per cent However, moth |
ng can be learned authoritatively, and in
he absence of such information there are,
" course, doubts. Chicago Gas partici- |
'ated slightly in the boom yesterday, but |
S still at lower figure than that of ,
Month or so ago. The legislature is doing
loshing this week and is not expected to |
ret down to business until after inaug- |
lration. However, there can be no ques-
ion that one Of the first questions taken |
p by the legislature after the Inaugura-
ion will be the consolidation of the Chicago !
ias Company. No well-informed people
'hicago Gas. Friends Of the company are
redicting so for the stock.