The evening world., 1906-05-17
THURSDAY. May Il.

fackawanna's swift advance Q ~
rotn.s to-day, whilo exceptional In u
selr. was typical OF the spirit taat AMI
r,.cd the coal road stocks. Uader tie
strenuous leadership OF Rending mo
coalers entered upon a bull campaign
which was lively and stimulating while
q LASTED. Reading advanced from
1so II 20 1sz 81. Jersey Central. on a
sale OF 200 shares. ross TO - IL peih-
ware and Hudson jumped from a9 50 %
ss ~ and other ocl stocks gained
from / to ; points. J. J. Manning bid 90
for any part OF 500 shares OF Dela-
ware. Iackawanno and Western STOCK
ochcr brokers rushed IN vita n sue
oession az bids that carried Tho price
Up TO $50. a new high record for LAeK@-
wanna The conspicuous activity SHOWN
by the Erie shares attracted consider
able attention from the small spccula-
tors who have for several weeks been
weighing the alu CT a tip on n pe1'-
ing bull movement In Erie common
Some OF she room traders who looked
into tire E-le situation this afternoon
repoited that a large amount OF Erie
common he'd been accumulated BY a
bur syndicate preliminary TO jackinS
UP the price 10 points nj least"
There was some selling Of
wanna on the rr-nors thai President Cas-
sat. would resign in consequence OF the
disclosures In the coal inquiry before
TIE Interstate Commerce Commission
President Cassatt IS NOW abroad. but
First yIce-President Green WIS quick 20
deny N Mr.. Cassatt had aay Intention
OF r~esiguinG his office.
Amalgamated was in active demand
but nuctuated nervously between III and
10. Anaconda manifested n tendency
10 weakness. and American Shelters,
after selling Up TO i57 5-s. suocumbed 70
proht-taklng pressure. The Hartman
and the HIN stocks DID not participate
IN the movement OF the coal road shares.
but remained comparatively quiet AT
the outset Union Pacific caused some
thing OF 4 stir by advancing to Isl is.
but as syndicate support was lacking
the quotation soon receded TO l5o, and
remained within a fraction OF tina hg-
ure. Union Pacinc's position In the
market is regarded by its hackers as
nrnly fixed one OF the principal
specialists In this stock said to-day: we
nave set the pace on many an occasion
Now we are content TO keep quiet and
let the ooalers have their fling"
National Lend has been bulied lately
on the prediction tina dividends on the
common stock were 10 DO resumed.
This prediction was fulfilled to-day by
the declaration OF a dividend OF ! per
cent. on tho common shares. payable
June .. Since March. 1900. no dividends
have been paid on this stock. but. not
withstandins its unproductlveness. the
price has advanced from 10 IL to
around 50. The usual quarterly dlVi-
lend of ! "a per cent. was declared on
the preferred stock to-day. National
Lead is controlled by the Standard OIL
Company. and its officers are exceed
ing4y optimistic regarding It's business
outlook. The / per cent dividend on
the common stock declared to-day was
"A disappointment 10 many traders. who
had expected ? per cent a consider
able quantity OF the stock was thrown
on the market. and the price dropped
from so rs to IS i2 wfri.n an hour.
SPECTATORS outside OF the inner circle
of the Susa Trust are striving 10 star
a movement In American Sugar stocH
lN IlnEAllk Alt kA4dAAEt1 oA RAA oAAa -
rlmorS. President HuVemeyer TOOK DC
casion to-day 20 deny e~mphadcaliy th'
story that an alliance was forming De
tween the American sugar ompa
and the Arbuckle firm. JoAn Arouckl'
maze q lmllRr denial. This story ema
mated from q speculative coter1e soon al
Ter the announcement OF james y. Jar
yie's Intention 10 retire from Arbuckl
& Co. Efforts have also been made u
create an impression that the radica
cut in the price OF refined usa 70
cent a pound In san Francisco pres
ages a lght between the Spreckels
Hawaiian interests and the Wester'
sugar Refining Association, In which IN
Havemeyor Company has a naIt inter
est. To all Appearances the Susa
Trust controls the situation so Tar a
any speculative movement IN is o."
shares Is concerned. 49, :,
Special %tentio MAS been drawn I
the MackaY companies by INC IeIcN
activity OF the common ana aFetetEN
shares on the surb market 4nls 80.
is not listed on the Stock ENchaus'
R-okers who have been protnotiii
sneculativc irccrcst In the MaclSh
shares arc encouraging their customer
In the belief mat the common stoc
VIII be placed on a 1 per cent dividcn
basis next month. This common suoel
which now paws : per cent. yer ~
NUN, has advanced 20 points VIII
the past four Itonths. II sod az -,
share at the time the new org1uizatlQ
was effected IN December. 100. and
Is now selling around 81. The hacht
Companies "a MaSsachusetts cofpof'
tom owns a cQntrolling interest IN go
phone companies comprising the Post
Telegraph system. The Comnerci
CstOle Company alone, II IS asserted
earning ~ per cent net on its capt.
stock. a very Liberal proportion o. L
income OF the Mackay Companies
steadily going into lmuOrtlnt extension