The times. [volume] (Washington [D.C.]) 1897-1901, 1900-06-01

| utes of the day. This was a gain Of neatly
points. Later the stock declined to III
and FRACTION, ann then ,rallisd TO lis 1-2,
showing for the Gay a net gain of more
| than q point During the first hour it was
announced that fourth advance in the
| price Of sugar for the month had occurred
| making a total advance of IS points. This
news naturally revived all the stories of
the settlement of the war with greater
yigor than ever.
AS matter Of fact, there seems very
! little doubt now that the fighting in the
sugar trade is over for the present. and
probably for a long time. 1t does not
seem in the least likely that after such a
costly struggle as this has been any of
the warning interests will care to pass
through like experience. Millions of
dollars have been thrown away in manu-
featuring ard selling sugar at a loss, and
as far as anyone can see nothing has been
gained by ii except experience. The latest
version of the settlement story is that
the independent refineries, with the ex-
ception of the Arbuckles. have all been
bought UP by n new concern. which in
turn is controlled by the trust. The Ar
buckles. it is said, wish to continue to
manufacture sugar, but have expressed
their willingness to maintain prices at
living rate. The action of the trus: on
the dividend question will be taken in
short time now. 1t is being suggested
| that the old dividend rate will be restored,
in view of the adjustment of the trade on
paying basis. but this seems almos: out
OF the question for the present. The trust
| will wish to lay aside a surplus first.
London bought American securities on
! Wednesday and yesterday morning and
continued to buy all day. The effect of
this and of the talk of much further buy
ing in sight on the other side was to cause
an opening yesterday in the New York
market in the international securities
from fraction to a point up. There was
lack of buying in the group, however,
during the morning hours, and some de-
cline from the opening level was seen.
Dizziness ensued, which continued until the
last hour. Then a fine boom began in this
entire group, SO that the net gains for the
day were from one to two points. The
close was near the top. For general and
special reasons every one of these stocks
looks to be a good purchase on any recess
sion.
The grangers were features of the last
hour, Burlington and Atchison preferred
making the most conspicuous advances.
The buying in these two stocks was COW
y,
was also some good investment as well
Burlington advanced to 12e ga and closed
lRt the top price. The stock has not sold
SO high for many weeks. Atchison pre-
ferred advanced to 10 and closed at ~ rs.
st. Paul closed at III ga, the highest
price of the day, and Rock Island at
1Ol rs, after selling once at 10S, within a
few minutes of the close. The reasons
why ihese securities should be bought
a full yt,- IN,
! this column. There were offers to pur-
chase the next dividend on a very large
block OF Atchison preferred stock at Ia
yesterday.
Northern Pacific opened up to 81 IA. and
at the close sold at 81 l-2, the highest
price for the day. This stock like Atchi-
son preferred, has at no time receded much
from its best price. and the advance yes
terday carried the level very nearly to the
top The per cent dividend rate to be
declared by the directors of the company
at their meeting shortly, and the recent
fine earnings statement, make the stock
particularly attractive TO investors, and
to spectators, too. even although it is
selling higher compared with its price of
two months ago than almost any other
stock on the list Southern Pacific and
Union Pacific common both made smaller
advances. Missouri Pacific advanced frac-
tionally and closed within an eighth of the
top. There is much bullish talk regard
ing this stock also. and yesterday there
was revival of the story that the Rookie
feliers are to be given representation on
the board of directors in the near future.
The traction securities all advanced well
and closed at the top price for the day.
There was a big Coney Island business
on the Brooklyn Rapid Transit on Memo
rial Day, and it was all hauled at double |
the former rate, or practically all at least |
The net earnings of the Pacific Mail |
Company for the year ending April 80 were |
SS30,1S9, a decrease from the record of |
the previous year of $685. 600. Congress |
will adjourn without taking any action |
on the Subsidy bill, and, according to the |
professional rule Of contraries, it is not |
impossible that the Pacific Mail stock |
may be advanced on these two depressing |
items.
The net earnings of the Ontario and |
Western for the month of April show a |
decrease of SIS, 014. From July / the in |
crease in the net earnings has been |
s2f2, 900. The Southern Railway for the |
month of April shows an increase in net |
earnings of si2 ,964 and for the fiscal year |
to date an increase in net of ss9S.O0 The |
net earnings of the Southern Pacific for |
the month increased $4,000. |
The steel securities generally were buoy |
ant yesterday, Wire common advancing to |
81 Is, and closing at 81, and Federal Steel |
advancing 10 &c 3-4 and closing at that |
price. There is a better feeling in the |
trade The dividend on Wire common |
will be declared in few days.