The times., 1899-07-25

some prominence yesterday by comparison
with the general lethargy were American
Linseed Oil and General Electric. The
earnings of the Linseed OIL Trust have
been handsome during the six months or
more of its existence and the insiders are
said to be confident of the success of the
combination which is estimated to own S5
per cent of all the linseed oil plants in
the country. The preferred stock is
per cent cumulative security. General
Electric advanced yesterday from l19 1-2
TO 121 rs and closed at the top price for
the day There was no news in the street
regarding the company or the stock
One of the interesting pieces of gossip
yesterday was to the effect that the Bal
timore and Ohio has made some ar
rangements with the Chesapeake and Ohio
for an entry to Newport News. If srue
this step will be an important and a profit
able one for the B. &. o. The stock of
the company holds its own remarkably
well despite the decrease in earnings
shown in the statement for May
The narrowness of the market yester-
day is shown in the fact that no trans
actions occurred in any OF the following
securities: Continental Tobacco prefer
red Steel and Wire preferred, Omaha,
Denver and Rio Grande. Erie. Lackawanna,
Jersey Central, Southern Pacific, Southern
Railway, Rubber common and preferred,
Wabash preferred, Western Union.
The grangers were among the strong
est features of the list although the ct
gains for the day were small. st. Paul
went up to 1872 Ia and closed at the top
price; Burlington got as. high as lS7 and
closed at 1876 34, and Rock Island advanc-
Il Q
at the close. There was no boom in these
securities, but the steadness of the entire
group shows that there is no selling worth
mentioning as a result of the dullness.
The earnings of these lines are so entirely
satisfactory that the securities have many
friends among the most conservative peo-
pie in the street, who express the belief
that the prices in the entire group will ad-
vance handsomely before the end of the
year.
Atchison preferred was dull all day, but
closed with a trifing net gain near the
top price of this movement. The fact that
the company is earning very nearly II not
quite the entire 5 per cent on the prefer
red stock and in the coming year will
probably show a good surplus for the
common, especially if the corn crop proves
to be up to present indications, makes the
~
purchase TO many.
Louisville and Nashville and Southern
Railway preferred were both very strong
yesterday, Louisville and Nashville ad-
vancing from 70 to 73 12 and closing at
the top price for the day, and Southern
preferred closing at 50, with net loss of
only Ia. Louisville and Nashville is be-
ing bought by insiders on the earnings
Of tt.I. oh plv
large. but promise to increase steadily.
The company will increase its traffic
largely in the items of pig iron and steel
with the opening OF several new blast
furnaces along its lines In the near future.
and the beginning of operations at the
Ensley steel plant. The earnings OF the
Southern also are immense.
Chicago Gas was a little weak yester-
day, Notwithstanding the much circulated
item regarding the large number OF new
gas stoves being put in at Chicago. The
price went of to III 12 and the close was
at III ga.
Tips to buy Brooklyn Rapid Transit
were much circulated yesterday, but they
did not prevent the price of the stock
going off to ia rs.
heduiue Hsl piSlelieu " "aS Iathei "S9h'
closing at SO ga. The much heralded ad-
vance in this stock does not materialize.
It is possible that the bull predictions
regarding il made by the only bearish
Wall Street newspapers may have some
thing to do with keeping people out of 1t.
Missouri Pacific is one of the best liked
lower priced securities on, the list. There
has been some decline from the relatively
high price reached two weeks ago and the
stock seems now to be recovering the loss.
1t would not surprise conservative people
if new high price were made by 1t dur