The evening times., 1899-11-18
The stock market was fairly lively this

The stock market was larry ilVely tnlS
morning on buying in anticipation of
good bank statement. Prices advanced
all over the list until the figures of the
statement were published, the especially
buoyant feature being Sugar which got
as high as 16I, the best price in several
months. After the statement appeared, al
though it was an excellent one. there was
some realizing of profits. and the larger
part of the gains were. lost. The close
was Oh the average trifie above that of
last night The outlook is certainly good
for next week. The bank statment i'm
proved is it was does not reflect the
improvement in the condition of the banks
that has actually taken place. The re-
ceipts from the sales Of bonds reached the
banks late in the week, and under The
system of averages ampioyed in making
up the statement, do not count largely
this week 1t seems certain that <here
will be further bond sales early in the
week. and that next weeks statement will
be still further improved.
Money s;ringency is probably thing of
the past Earnings continue very large.
The figures of the statement are as fol-
lows: Reserves increased $2,4i6,925; loans
decreased SS,622. 500; deposits decreased,
81 1854 100; legals increased sIS1, 700; specie
decreased s295, 500; circulation increased
s95, 800. 1t will be seen that there is now
only a deficit in the reserve of about
5000, 900.
Sugars fine spurt was due undoubtedly
to the persistent talk of harmony between
the Trust and the independent refineries.
IL seems quite probable now that deal
of some kind is on and that its result will
be an ending of the present destructive
This will hardly be good for the
consumers of Sugar, but the holders of Su-
gar stock may congratulate themselves.
The price of the stock advance TO 161. and
although there was some recession from
that price the close showed a handsome net
gain for the day. The recent previous high
price was 159 and a fraction, and the stock
has not been at 100 before since last Au-
gust. The advice generally is that a fur
ther large advance is likely.
The Pacific securities generally, al
though fairly strong, did not make any ad-
vance Many seem inclined to realize
around the present high leyei. Careful OBJ
servers of the market, however. express
no doubt that Southern Pacific, the Union
Pacific, and the Northern Pacifics are all
going to much higher prices. Union Pa
cific common, is being watched especially
with much interest on account of its near
dividend prospects.
The gross earnings of Missouri Pacific
for the second week of November increas-
ed $5S,0O0. The increase since January 1,
has been 81 ,067, IVA This stock is also
favorite with careful spectators and in
vestors generally.
The merits of the Chicago Great Western
securities have been carefully reviewed in
this column heretofore. They are among
the best in the list intrinsically. The divi-.
dend on the preferred "a stock in jan
uary will be 21-2 per cent, which places
it on per cent basis The preferred
"B' stock will undoubtedly receive divi-
dend in July, II not before. 1t is entitled
to per cent yearly If so much is earned
on It, The stockholders in Great Western
are especially favored, in that there can be
no net earnings held back from them in
the way that the st. Paul company per-
sistently withholds a large part. The Oc-
tober statement of the Great Western is OF
the same attractive character as all recent
The gross earnings for the
month were $549, ,692, an increase Of $780,
00O and the net earnings were $243, ,6S5, an
increase Of $40, 900. The gross earnings for
four months have been $2,394, ,s09, an in
crease OF 1882 roo. and the net $914, ,708. an
increase of SIS. 900.
Leather, preferred, was one of the strong
stocks this morning, getting as high as SO
at one time. The directors OF the Leath-
er company will meet on November %,
when it will be known definitely II any
plan is under consideration or has gone
through for rearrangement Of the two
classes of stock. Gossip In the Street to-
day was that the largest boomers Of the
- y