The times., 1898-11-15

is one of the worst II not the very most
sorry ever made by this company. There
Is not one cheerful feature about 1t. The
street generally is very bearish on the
stock but curiously enough there was an
advance yesterday in the face of this.
The only hope for the road is in the cleo
trical equipment, and 1t would seem GER
tain that the stock must go lower before
that can be accomplished.
Kansas City, Pittsburg and Gulf and
Chicago and Alton stocks were both
strong on rumors that the control of the
last named road had been secured in the
interest of the first. The story is proba-
bly, not well founded.
There was an advance in the price of
some grades of sugar yesterday by the
trust, and also by the independent re-
fineries. This with the very high open
ing price for the stock of the trust took
the breath of the bears for a time. The
opening was at 125 three points above the
close Saturday night. There was de-
cline then to below l20, and then a rally
again to the close of 123 81. Very evil
IDENTIFY all this activity in the tiuctuation
in Sugar stock is due to manipulation
Havemeyer is now earning the money
that he cannot earn by selling sugar at
cost. Here ne has d illt tuN diltbbc oNVi
the opposition refiners. Mr.. w. b. Hfbbs
in a careful statement to a reporter for
The Times yesterday made the predic-
ton that Sugar will go much lower be-
fore the fight is over. He believes, how
ever, that the trust will ultimately win.
Chicago Gas sold ex-dividend yesterday
There was no rally to regain the l-2 per
cent, the stock closing even below the
opening price Friends of Gas are strong
believers in its future, however. Flower
is particularly friendly to Gas.
Porterfield & Co. are still builish on
Louisville. This stock was one of the few
that had an advance yesterday. The clos
ing price was 81 is. Belmont and his
friends are booming Louisville, but it
seems likely that they will try to turn the
load over to the public very soon, in
which event a decline is due. Louisville
does not yet pay a dividend, and what
ever its prospects may be there are many
more attractive things on the list at the
present time.
The gross earnings of B. & o. increased
in October $4,000. From January the in
crease has been s1,731. .0oo. The gross earn
ings of Rio Grande and Western for the
UlOHtu ueClltltu sOCvV. Inc utcredSe III net
earnings was $500. From July 1 the net
decrease was $4,000. Norfolk and West
ern first week of November gross earnings
increased s35, coo; from July l. increase sl5,-
Geo. c., c., C. & st. L. first week of No
vember increase, $1,000; from July l in
crease s297. 900. Grand Trunk. same pc
RODS, increase $1,000 and s567.o0o.
The local stock market is active and
there is much confidence expressed on all
sides that prices will advance. There were
transactions yesterday in Capital Trac-
ton, U. S. Electric Light, Mergenthaler
and American Graphophone, all at prices
above those recently ruling.
There were fifty shares of Capital Trac-
ton sold yesterday at from 70 Is to 70 3-8.
The recent rise in this stock is undoubted-
~ due largely to the talk of an increased
dividend in January. 1t was said very
| generally yesterday that several of the
directors will advocate 81 share at the