The times. [volume] (Washington [D.C.]) 1897-1901, 1900-09-06

time after the closing of the stock market,
and the heavy purchases CT Sugar stock
on Tuesday by trust brokers, all saver
strongly OF the rankest kind of market
j5bbiag 1t looked as if much of this
stock was sold at the top yesterday.
The grgngers were among the active
and strong issues. as was 10 have teen
expected Rock Island, which was net
traded in ut all on Tuesday, was IL
clircd to bocrl yesterday. 1t scll vel
above 107 after clingius around los
a long time. ST rail went aboyo il
and Burlington above 126. each mara.n 5
. socd advance from tuesdays pr-ces.
Atchiscn preferred was strong above II.
These stocks held their gains well Ia he
afternoon. TIC gross earnings OF the 81.
Paul for the fourth week of August
showed an increase OF. $751;. eco.
The earnings of the St. Lcus AMI
Southwestern for the fourth week Of
August showed d decrease Of $l.C2l The
record. Ter the month is an increase OF
Se5.675. and since July 1 an increase OF
$50 365. The preferred stock CT the com
pany is being abscrbed around 90, and
many shrewd people look for an advance
from this level in the near future
There has been excellent buying of
Chesapeake and Ohio re, emily, and the
result of This was shown yesterday in
good advance in the stock. 1t is Con-
siderod an excellent purchase by many
careful people. One of the stories told
yesterday was that there is to be an in
crease in the dividend rate on this stock
in the near future.
American Tobacco was as strong as 1t
was on Tuesday The talk of the fne
nor m inc Of ny tE in
good quarters The stock got as his Nas
95 "a. but SOLD off later to 81 at the cl Sc.
Chicago Gas still showed weakness il
the morning ffours, but recovered part
of its Tuesdays loss in the afternoon.
The compaptlfs evidently in fight with
the Ogden Ssncern, but it is not believed
by the friends of the company that this
will necessftate the reduction OF the divi-
dend. President Billings was quoted
yesterday in statement that there will
be no reduction of the dividend at any
time in the future as far as he knows.
Brooklyn Rapid Transit was one of the
weak features CT the market during the
afternoon, 1t opened at 55 and sold as
high as IS Ia, but closed at SO 1-2, max
ing net loss for the day. No news WAS
given out regarding the company. The
other traction securities held their own.
Manhattan making a small gain. II is
ramored in the street that Manhattan is
likely to have good advance in the near
future. The report of the company was
well received, and the comment is that
it indicates a most healthy prosperity
and the probability of big surplus dur
ing the coming year with the new
motive power Installed.
The steel securities were generally
fairly strong. Steel and Wire common
was the leader of the group. It made a
coed squirt in the morning hours, getting
as high as 81 Ia, but later declined to
36 Ia. There is much talk of the part
that MIR. Gates will take in speculation
during the coming season, and it is gen.
orally believed that he will be an active
bull.
The coalers were neglected. Reading
first preferred sold around 81 and closed
at 81 IA. Jersey Central declined from
1874 l2 at the opening to 1874 at the close.