New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-11
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Tho inward movement in the stock iharhe'
was resumed yesterday in way that "'uuc II
Main that the movement was enduring N''
traetinr the course of the market with us co"iSc
on Tuesday when there was an eno'' !"
press prices Il was shown that IL require" '
less purchases to advance stocks IMAM SAFES ~
nut them down in price. There was some Se'
ing for foreign account. as there hau oee'l "
some time, but It was without percePt'o'e e''
The whole tendency Of values seeheu w "
orhorce II was accepted by the speculative
element that the peace terms pe'"ee" ''e
United States and Spain would be Pro'"p's
odopted. and 1t was therefore CONSIDERED 'ha'
the war was already as good as ehdeu' any
way II was the general opinion that shou'u
thore he any hitch in the negotiations between
this country and Spain the rise IN secuIi'ieS
would not be retarded to any extent.
The shares Of the so-caled Granger raiiioa"'
u.ere again the leaders in speculation. with Bur
lington and Quincy receiving the srea'es' az
tention. There is a probability that the dividend
rate on this stock will be increased 10 per cent
a wear when the next quarterly dividend Is de-
clared The monthly report OF earnings maui
nv the road shows that it is earning consider
ably in excess Of 6 per cent. In Norman ''i''tS
the Burlington and Quincy road Is one OF 'he
h.or,est earners in the country. The crops on
tho line of the road are good this year "hch
makes thre, wears Of good crops for the hhe
rbero was a pronounced development or strength
IN Ct Paul The st. Paul road is also report
inc earnings largely in excess OF It's present
dividend reouirements and there is fair pros
meet Of an increase in the DIVIDEND on '"''
stock There we're liberal purchases OF hocA
Island. which were accompanied WIN prom"
ecv that II would cross st. Paul IN price peioie
the end Of the year. The Rock lslaho 'oau 20
undeniably in fine shape both phSs'cais anu
financially The report Of earnings TOT 'he '''s'
week in August Of the Chicago Great western
,,o ,e,vest ~ the Granger lines. was received
and showed a handsome growth as con'Pai
with the earnings In the correspondents "e'N -
last wear The road has been showing s'ed"s
exnansion in earnings for many mon'hs anu
!, =. cold that there is no doubt that dividend
will be paid on the a stock In snort 'i'''e'
covernment crop report was not made pubic
until an hour after the close or the STOCK maj
k.t hut without waiting for 1t the Wall street
community was satiched that the Granger lines
were assured Of liberal tonnage OF ce'e"''
during the coming fall and winter.
There was a further improvement In the price
~, peonle's Gas and much activity IN the
s,ocL II was reported that the differences De-
tvean the company and the Indiana Na'urai
|
Coo Counany were on the eve Of settlement
Officers Of the Peoples Gas were quoted AZ say .
| ing that even II the differences continued the
| comnanys earnings would equal per cent on
| the stock, or per cent more than Is paid IN
| dividends These officers say further that the
company's position has become very strong ana
,ts securities are now widely held for invest
| ment. ,
There was eager buying OF Brooklyn Kappa
| Transit and the price was carried TO the hlgh-
est point yet attained The company's earnings
are ahead OF last year. Friends OF the company
| declare that the rapid expansion in earnings
| makes It reasonably certain that DIVIDEND on
| tho stock cannot be more than a year on There
| have been reports Of an approaching apsorp-
| ton Of the Nassau system by the Brooklyn
| RAND Transit but these have not been con-
| frmed.
| Sugar was lifted In price. despite the fact that
Tho new Arbuckle refinery will have Its produc-
ton on the market. possibly. within thirty days
and also that the Doscher refinery VIII be mar
ket,ng its sugar by or before November l. There
wos q substantial rally In Tennessee Coal ana
| Iron. which was based on the revival In the Iron
| trade