The evening times., 1900-07-19

There was no change in the stock market
today, which means that il vas extremely
narrow and professional, with little bust
ness done and fluctuations only fractional
for the most part. Wheat and corn were
beth weak in the Chicago market, and this
factor helped 10 keep the prices Of the
grangerS from going of. The news from
China was not cons ldered definitely worse
and did not cause liquidation. Aside from
these two potent causes of recent market
movements there was no news OF impor-
lance 1t is not TO be wondered that the
public refuses TO get into such a market
The larger interests are not in New York
and whether it would b6~to their ADVANTAGE
TO buy stocks or not they are not doing
so TO any great extent. The professionals
therefore still control the situation. De-
cllnes may be the result of the professional
activity. or advance during the next few
days or weeks. Conservative pzop.e be-
Heve that the next important movement
OF the market will be upward
Sugar was perhaps a sstrong as any 9th
eF security this morning, with an advance
&c above the price made yesterday and
much steadiness above l22. Nothing new
is added TO the gossip regarding the re-
turn to the old u per cent dividend rate.
However as stated in this column this
morning il is now predicted that there viii
VI
sugars within the next few days.
The New York paper which first pub
lished the interview with Director Bacon
OF the Baltimore and Ohio Company. to the
effect that the directors have not yet con-
sidered the question of a dividend on the
common stock. this morning makes the
statement that despite this interview a
dividend Of 2 per cent is now assured. The
iC 70, III
other authorities whether this dividlld
VIII be announced as a semi-annual dis
bursement or not Some people in the
Street are inclined to consider the present
price Of the stock sufficiently high if only 4
: per cent dividend is 10 be declared with
out any promise for the future The stock
IS a most dangerous one to speculate in for
the moment, owing to these uncertainties
ana 10 the skill OF the clique that is operat-
ing in 1t.
The street was not surprised al the de-
elaration OF a per cent semi-annuaI di-
Vldend on the Illinois Central stock. 1t
had very little effect on the buying acd
selling of the stock either yesterday or
today, except that there was some little
realizing by those who had advanced in
formation of the action OF the directors.
The advance, which may be supposed to he
directly due 10 this advance knowledge is
ABOUT 10 points 1t seems probable that
mere may be some little reaction, espe-
clally II the general market is weak The
outlook for the stock is extremely attrac-
ave however. Its dividend record has been
"ne of the best. a per cent dividend has
Jeen declared for many years. and before
that the rate was s per cent A price 10
points higher than the present level seems
likely 10 be attained in the first strong
market.
The earnings of the Ontario and Western
Tor the second week of July show an in
crease OF 50, 1873 There is again talk OF
the dissolution of the voting trust on the
stock OF the company, and of a division OF
The stock into common and preferred is
sues. The activity Of the stock Yesterday
vas continued TO a certain extent this
morning.
There has been selling OF Union Pacific
common. during the past few DAYS by Lon
don. but II is said in conservative quarters
that the buyers on this side have been
insiders. The dividend on the stock is not
certain becavsa Il has not yet been Off
cially announced. but IL is extremely prob-
able. The advice to buy the stock on an
recessions is heard.
Missouri Pacific is suffering now from
a lack Of faith on the part of the Street
in the assertions of Mr.. Gage This gen
tlema1 promises dividend on the stock
in the near future, but il is said in other