The times., 1899-04-15

was nearly six points for the day. Both
stocks were strong until the close and
showed all the usual signs Of high open
ing this morning. which may be two or
three points above the close very easily.
The Brooklyn record for the day is es-
peciaIly good because the stock sold 'ex'
rights. The rights to subscribe TO the
new issue Of stock were worth yesterday
from 2 to 3. which would make the stock
at it's high point equal to 1877 or more.
1t will be remembered that the high point
reached two weeks ago was l36, SO that
the high yesterday was really high water
mark for the stock. The talk of Brooklyn
is bullish in the extreme. and 1t seems
very certain that there Will be yet further
advances in the price. 1t is to be reinem-
bered that the best season of the year Tor
the road is now approaching. and that the
already large earnings will be enormous
for the coming three or four months. 1t
is stated by officers of the company that
the earnings at the present time are
So coo a day better than they were last
year The estimate for June and July Is
an increase of $1,000 a day. Much OF TINS
prosperity has. of course, been discounted,
but it is TO be doubted if with such earn
ings and with a dividend declared the
public can be prevented from buying the
stock heavily and pushing the price up still
further.
Moore Schley are very bullish on Ten
pessee Coal and Iron. They talk 70 as the
price to be reached within very snort
time These shrewd brokers made inns
prediction several weeks ago, when tne
stock was much lower in price than IL IS
now. but the street was much inclined 10
doubt 1t then. 1t has been so weak ana
SO entirely unpleasant feature Oh 'he
market in the past that the professional
operators could not bring themselves 10
believe that the company is really GOING
an immense business and piling up earn
ings magnifcently. They were inclined 10
think that Moore & Schley, who own ann
cnntrol an immense amount OF the STOCK,
were anxious only to unload it, The taik
of a combination between this company
and the Federal Steel Company was hearu
on the street again yesterday, but proo-
ably only because the stock was aclNe
and an explanation was desired. he
price reached yesterday was the hiehes'
for many years
activa stocks on the list, but the net
changes in prices for the day were sInah,
and IN cannot be said that the posltloh
or prospects of these stocks mas oeeh
changed in the last twenty-tour houis'
Manhattan was sold down at one linis
during the day to 123 IL, but II eioseu
near I27. with good net gain NO new
high figure for this movement was hiaoe
and the stock was far less buoyant than
Sugar
Chicago Gas were all strong, but none OF
them made any new high prices. IL Is
said by people who have been right re-
garding Manhattan during the past three
or four weeks that news will be publlshed
shortly that will send it upward with an
ether spurt at least to 14e, and propaoiy
TO $50.
The course of the wheat market yes
terdav was somewhat erratic, but the
opening prices were the highest for the
day and the close the lowest. Ihe nrst
prices paid were around 70 cents. and the
last nearly cents lower. The granger
shares may be said TO have followed the
lead of wheat all day. In the morning
when it was seen how high the staple was
the grangers were weak and laggard,
though there were no marked declines IN
prices. Later, when better news Of the
ways does, more life was developed In
these shares. The closing quotations on
all the grangers showed net gains for the
day, although they were not generally the
highest. Burlington was. as usual, the most
active of the group, with low price OF
al and a high OF 142 5-S st. Paul opened
at 1e7, the low point for the day, and after
advancing TO 12I rs closed at III IA.
Atchison opened at 60 1-2 and closed at 81,
Il; r,-ia fnr he
ing regarding all these stocks is bullish.
Tobacco sold "ex'' dividend . per cent
yesterday and regained the dividend in
the first quotation of the day, which was
at the same figure as the last sale of the
previous close, 125. The stock was mac
tive. only few transactions taking place
during the entire session, but it held its
own.
The tip to buy Missouri Pacific is still
heard in the street. and it seems certain
that within a few days the movement in
the stock will begin. George Gould is
quoted as saying that 1t will sell at 60
before the end of this year. and there is
no reason 10 doubt this, if the bull market
continues as is expected. The earnings
OF the road are likely to compare favor
ably with those when dividend Of Z
per cent WIS pdiu d lew years d5u
Southern Railway seems likely to have
good advance in the coming week, and
it is possible that the movement may be-
gin today if the general market is favor
able. There is pool in the stock which
! may begin TO operate at any time.
The coalers and the Vanderbilt stocks,
while not weak yesterday. were some-
what laggard. in sympathy with the gran
gers. The closing prices were in most
| cases not far from those al the opening.
New York, April 14-"Dun's Review
will say tomorrow: There is still increase
in all legitimate business and the pro-
| ductiye power Of great industries increases,
even though none OF the stocks decline.
| The sharp reaction in speculation a week
ago IN no way affected the producing Ca
| pacity of furnaces and mills and has been
| in part recovered, while the disturbance
of business caused by the formations of
| great combinations has in large measure
ceased. The money market is in safer and
more wholesome condition and in spite
OF four heavy payments by large syndi-
| Gates, amounting to about $50, 600 600, has
I gfa MI atpin hoe