The evening times., 1899-06-14

sugar was again weak this morning al.
| though there was some support OF the
| stock which looked like inside buying.
| Inc street attaches more importance 10
| the testimony of the Sugar men before
the Industrial Commission than seems
warranted by the facts. Big dividends are
PAID by the trust with the greatest OF
| regularity. II Is somewhat unreasonable
| 10 suppose that this would be done IL il
required good money that had not been
earned to do it, The trust earns money
| in ways OF which Mr.. Doscher and the
public know nothing, but may guess much
me trust people are the kings Of man,pu-
| Iators III Sugar stock. There is the best of
reason for believing also that they get raw
| sugar at big discounts, and that they OBJ
| tain easy freight rates and other conces-
| sions that are most valuable to them BIT
| more important than all this testimony
and It's eject on the stock is the very c ar
| evidence that combination OF come kind
| mas been fixed up between the Sugar peo-
pie. Market people who I, have frequently
nad good Information regarding the move
ments OF the stock are Of the opinion that
1t is on the eve Of good advance.
| Brooklyn Rapid Transit was bought
| heavily by the Flower crowd at the omen
| ing this morning and advanced Immediate
| ly TO above III, more than two points above
| the low price OF yesterday. Later it was
sold OF again, but the support was good
| and seemed likely to put the price I'D be-
fore the end of the day. The tone OF the
| entire market was helped by this support
Manhattan also showed some strength.
The Federal Steel issues were both fair
| 1y well held up during the early trading
| and it is believed that before the announce
| ment OF the directors regarding the divi-
| dend on the common stock is made they
will both be selling at higher prices than
| any attained yesterday. The understand
ing is that the dividend will be at the
rate OF per cent, and that il will be de-
clared tomorrow. Such an outlook Is an
| excellent one for stock selling at Ga.
The talk today was that the directors of
the Northern Pacific will declare a dividend
| of per cent on the common stock. A low
er rate would probably hurt the market
but anything better than l per cent would
have distinctly bullish effect. though such
| good omen is not likely to be vouchsafed
The road is making fine showing of earn
ings. however. 1t is said that it cannot get
| new cars fast enough to take care of its
| business.
The grangers were somewhat weak this
morning. getting below the low prices of
yesterday afternoon. a rally in St. Paul
and Rock Island especially was expected
within very short time. The earnings of
these roads are such that the public will
refuse to sell the stocks at loss. The big
public in st. Paul and Rock Island now is
an investment crowd that is little affected
by bear raids Of a point or two.
Des Moines common, which has bsen
spoken of In this column recently, has
made AN excellent showing since that time
The story that the Rock Island road will
purchase the Des Moines instead of leasing
it. as at present. is repeated in the Street.
II such a move is made, the common stock
seems likely to advance ten points in