The times. [volume] (Washington [D.C.]) 1897-1901, 1900-01-12

per cent is thought to be almost q guar
anty that further gold importa.icns will no
take place at this time. The banks have
balance in their favor this week with III
subtreasury of nearly If not quite milliol
dollars. and the bank statement is likely Il
be good. There is an immense short in
terest in the market, create. undoubtedl,
than at any time before, and prices are yer.
low all over the list. Investment buyinl
OF standard securities is advised by SOM
of the best brokers in the street. Furthe
weakness in the speCialties very easily ma
induce declines in the best stocks. bat it /:
not believed that they would be large. 1
the speclal;ies are TO be advanced. on tn,
other hand. everything would favor a fine
boom in the railway stocks.
The lowest price reached by American
Sugar in 1897 was 100 Is The lowest
price reached by IL in 1898 was 107 1-2.
Early last year the high price in the his
tory Of the company was reached-1S2.
Two days ago the stock sold for 100 IL.
! Yesterday IT sold for liz Ia. There was
a rapid decline nearly all day until the
low price was reached. between l and
O'Clock. After that covering by the
shorts and supporting orders by the I'm
siders" advanced the price to ia 3-S. Pre-
dictions are freely made by the bears that
/ the stock will sell at par or lower in the
near future. Just as free and Just as
positive are the assertions that the Sugar
dividend will be paid as usual and that
a great advance is sure to come from
present prices. One of the best of the
brokers said yesterday, with a conserva-
tism that is commendable, if not wholly
satisfactory: The statement OF Mr.. Have
&c ar11hf rssp ha cad 10
suit the tastes of either bulls or bears,
and will be- The clearest reading seems
to be that Mr.. Havemeyer would not be
in favor of continuing the present divi-
dend il the sugar war is TO be prolonged,
and il through the prolongation of the war
the sugar company is to be prevented
from earning its dividends. The ques-
tion is left open as to whether harmony
is to be accomplished in the trade, and II
is not even said that the company will
lose money if the war is continued"
The Baltimore and Ohio securities con-
tiDued strong yesterday, and predictions
that they would be leaders OF the market
were frequent. The earnings of the COM
pany surpass even the most optimistic
predictions Of few months ago. The in
crease in net earnings during December
was about $40 900 a day. The net for the
in round numbers of $4,000 or nearly
so per cent. The statement of the COM
pany is as follows for December and for
the first six months of the fiscal year:
1899. Increase.
Gross earnings .............. s2,sl5,s67 S303 800
Operating expenses ......... l,sl0,457 1857
Net earnings ............ sl,Oo5,OlO $500, 4G2
Gross earnings SIC us s2Uss, o55
Operating expenses ......... 10,770,li2 '24l $40
Decrease.
Several interesting rumors are In the
street regarding the Baltimore and Ohio
securities. One OF these is to the effect
that the preferred stock is to be retired.
Such plan is known to have been con-
sldered by the company, but II is believed
that no decision regarding 1t has been |
made.
The earnings of the St Paul FOR the first |
week of January were s6ss,492 an in |
crease of s7,le4. The increase for the |
fiscal year to date was s2,2s3.45s. The |
gross earnings of the Ontario and Western |
FOR the week increased s11,095. The in
crease since the first OF the fiscal year
vas s525, 1q9 The Canadian Pacific gross
earnings for the FIRST week of January
how an increase of $4,000. The increase
n the gross earnings of the Chicago Great
Western for the first week of the year
we're si3,3e4 The gross earnings Of the
Wabash for the week increased SIG. 257.
The annual meeting Of the stockholders
II the Chicago Great Western Railway
Company was held In London yesterday.
President Stckney submitted the follow
ng report for the six months ended De-
ember 81: