The times., 1899-08-19

mess in the history of the company.
Although the pools were as active as
ever yesterday in the low-priced stocks
that they have been booming, Louisville
and Nashville, Southern Pacific, Atchison
preferred, and others, il was noticeable
that the high-priced grangers and other
recently inactive railway securities were
prominent The record OF the grangers
for the day was particularly attractive TO
the bulls st. Paul reached 133 5-S, the
highest price of the year, and for many
years past, the previous high notch having
been 1873 l-2 It closed at 133 IL Rock
Island went TO 119 ga, and closed at
1l9 3-s. Burlington, after selling "ex
dividend. went as high as 137 IA, thus
regaining the entire IL per cent dividend,
but later declined 10 1876 3-S. Atchison
preferred made one of the most import
ami advances of the day to Sc Ia. 1t
| closed at 65 rs, and il is said that the
| Burlington statement is to be magnifi-
| cent one.
There was an extra heavy buying demand
| in Northern Pacific common and preferred
yesterday and both securities made good
! advances. The common got as high as
| 80, within half point OF the highest price
ever reached by il, 55 1-2 in February. The
preferred advanced 10 rs. Sentiment in
/ conservative quarters is especially bullish
regarding both these securities Ii is said
/ that the earnings of the company viii show
between 4 and 5 per cent On the common
| stock for the year. This places the pre-
ferred on a very firm dividend paying basis
and makes the outlook for the common GER
tainly attractive at the present level.
The washington customers of Rathborne
G. Co. have been buying Tennessee Coal and
Iron. Southern Pacific, and Pan Handle for
several weeks on advices from that firm
WHICH has been bulling those stocks stead
lily from a much lower level. Mr.. Rath-
borne. whose firm has been in business for
over thirty years, has formed intimate
friendships with the market leaders, which
are frequently invaluable 10 him in secur-
ing advance knowledge of the plans OF n;
cliaues The firms customers number
sore of the most important people in ths
street and its business is one OF the lafg-
est Mr.. L. d. Fowler the local manages
of the firm is one of the most popuia'
Washington brokers, but he Is at the same
time conservative and successful business
manager. Mr. Fowler grew Up in th;
b; hiking business and was until rece,itl,
president of three national banss ana of {
mortgage AMI trust company, and mis- ex-
perience IS especially valuable 10 him il
selecting investment securities.
New York, Aug 1s.-Bradstreet's TO
lOTiOW VIII say flt iIduc SitddttOl
! gathers strength as summer wanes. Re.
ports of expanding fall demand arrive, ac
eompanied by very cheerful adyices as u
the outlook in most parts Of the country
In manufacturing lines production appear
to be at a maximum, and the price stua
ton retains most of its strength. Notabl,
in the matter of added strength are mos
Of the cereals and iron and steel in man.
forms. The impetus given to wheat price
by the Government report last week ha!
been further re-enforced by less favorabl
crop adyices from other countries, notabl,
J India, and export business is reportel
somewhat improved. Adgices as to tn
corn crop are still as favorable as ever
. Judging from numerous reports the scarci
" of supplies of iron and steel is beeom
ing serious, supplies OF structural an
shipbuilding material being reported in
adequate at a number OF points. TIL
question of outlook as to prices seems t
be largely transferred TO next year, an
/ liberal bookings are reported for the frs
quarter of 1906, with some Southern en-
! gagements reported running as far ahea
I as autumn year from now. notabl
| exception to the general strength of price
+. is found in raw cotton. which has disTe
garded almost unanimous reports OF Gro
4 deterioration ard lost all OF last week