The times. [volume] (Washington [D.C.]) 1897-1901, 1900-07-19

u
Stfenfina IN the street, naturally. Their
N AssertlnnD a the most positive char
Ectef ~ mat dividend n per een
VIII be declared and that there will be d
disbursement at this time on the stock
In answer to the much -circulated Inter
viewr In which Director Bacon was quote
day or two ago ~ sayine that there Wfl
be no dividend because the company wishe
to aexpend NIL its surplus on Improvements
It Is now said In quarters that usual,
have good information that Mr.. Bacon ha
been entirely mfsQuoted. What he reaii,
did say. according TO the new story, va
that the directors have not yet discusses
/ the dividend question At any q the meet
I ines. Il Il very evident that this state
men. may be true. and that dividend
may still be likely. On the whole, how
ever. the chances seem to favor the ides
that the company will not this summer
make any disbursement to the common
stockholders. despite the very nearly l;
per cent surplus shown on the stock in the
annual statement. The excellent conserva-
tism shown by the management Of the
company under the recent receivershiT
and since the reorganization would seen
to suggest that dividend on the commoI
stock 10 most unlikely % soon after reos-
ganization, and while immense bettermen,
plans are still under way. The fact thai
| lAAo very CouocISaufS IcuuByiVaul4 ReUpAe
!! are now large factor In the affairs Of the
company also points in the same direction.
The stock was not particularly strong yes
terday. declining At one time to rs Ia and
closing at 20 L. with net loss for the
day. It was said that the clique was selling
| the stock.
The street heard yesterday that still
another advance in the price OF refined
l. ylr.v~< ~ nAory
Sentiment IL now distinctly bullish re-
garding Sugar stock The people who are
fond OF figuring out profts and losses
estimate that the trust is now manufac-
turing and selling $1,000 barrels of re-
fined sugar daily, and that the profit on
each hundred pounds OF this output Il
IS cents. There are 300 pounds in a bar
rel Of sugar. This gives total profit Of
somewhat more than $4,000 day. Each
additional 10 cents hundred pounds on
the selling price makes the profit Of the
trust $4,000 day greater. according to
these estimates which are under rather
than over the facts IL anything. Based
on these figures partially. perhaps, but
with some foundation In semi-official ut
terauces also. there is now again talk OF
q return to the IL per cent dividend rate
on Sugar stock. II ID even said by come
that an extra dividend will be paid to
compensate for the recent cuts in the
rate. The best ADVICE with regard to all
these stories is to doubt them until PROVEN
true, for the Sugar people are a wonder
fully clever lot. But the outlook for the
stock at the moment seems to be excel
lent. Yesterday 1t advanced in the morn
ing to 122 l-2, but later declined more
that point from this level. closing Ut
121 Ia.
The directors Of the Illinois Central
yesterday declared 8 per cent semi
annual dividend. thus fulfilling the recent
semi-oficial predictions that the stock
would be put on 6 per cent basis. The
business Of the system has been immense
during the past year, and the management
of the character that inspires confidence.
It would seem extremely probable that the
stock should advance several points above
its present level II the market is strong
or rather when 1t is strong. There was
somewhat of a reaction yesterday from
the recent great strength OF the stock. a
decline to 1884 being made, on croft
taking apparently.
There was squirt in Ontario and West
ern yesterday on buying. apparently large
" IL not wholly of professional character.
An advance Of more than q point to 70 3-A
was made. but later all the gain was lost
There is excellent reason for hopefulness
regarding the stock, and it is known that
there has been some investment buying of
1t from time to time recently.
The steel securities generally were .
trifie. stronger than the remainder OF the !
market Talk of a probable revival OF bust- |
ness in the near future helps the group.
Wheat and corn were both weak ycstsr. |
day, the former staple selling down to |
75 Is and closing at the bottom price. and |
the latter going on to IS 3-s and closing |
an eighth above. Some OF the news from
the West regarding the corn crop was coed.
but on tie whole it favored higher rathNf
than lower prices. Perhaps the public Is
beginning to doubt the entire reliability of
The so-called news furnished 1t from Chi
cago. The grangers did not advance. al
happens when the price Of what
md corn declines. They were fairly strcng
Turing the early part Of the session, but
made small net losses during the last hour.
Many of the professional bears and their
'rgans talk with great positiveness regard
ng the outlook for much lower prices for
he grangers. Their faith does not seem
o have good basis. The wheat crop is
lot ruined by any means, and the corn crop
low seems entirely likely to be one OF the
est on record. director of the Atchison
quoted as stating that his system viii
robably do larger business during the
oming year even than the superb record
the past twelve months. This will be so ;
Iithout doubt, he says, If the corn crop is
p to its present promise. In connection
18th the bear talk that the earnings OF the !
rangers are falling of rapidly the state
tent of the St Paul for the second week {
Z JuIv is most Interesting There is a ne. | !,
rease OF several thousand dollars from the
lagnifcent showing Of q year ago. but not |
this fact the earnings were I
he largest on record with this one excep- j
lon. Is
Washington STOCK Excnanxe.
Sales-American Security and Trust
ompany, 5619S 1-2; Capital Traction, 10 ,
D1o3 1-2, 2OQ1O3 3-S. 100@103. 40@103 1-8;
Iergenthaler Lintoype, l0@182; Lanston :
Ionotype, 200G12 S-4; Pneumatic Gun
arriape 300612 After call-Canita al I q