New-York tribune., 1873-12-18
4 DULL STOCK MARKET.

| The WESTERN UNION DIVIDEND nor YET DECIDED
UPON.
| The currency was further inflated, yester-
day. by the additional issue Of $5l2o from the eHoos
Over 900 have now been put out and all
shadow doubt has vanished to The certainty of the
issue OF the remainder. There little effect on stooks
Yesterday the market being dull. and closing only
a little above thu lowest point touched
during the day. Operators arc reckoning.
however, on great activity after tho Jsnuary divt
dends while anticipate its commencement befors
that time Most OF the bulls bold chat the rise In
stocks thus been largely natural and inevitable
They point IN proof this the prices Of stockn after
the Chicag fire. which at ye lowest point higher
than stocks now. after the expansios
The effect of this expansion, they believe, will CONS
with the January dividends aud with the revtvng bus
ness of the country Conservative business men fess
the thing. and regard the news from Washington
ominOus.
The Governing Committee OF the Stock Exchange held
short meeting after the close OF business hours. bua
nothing was made public. The subject Of adordins
facilities for the purchase and sale Of railroad bonds nos
on tho regular ss referred by the Governing
Committee to Special Committee. who are expected To
report The price of seats in the Stock Exchange
has risen from ~ each. which was recently paid. -
Is 100 bid, $500 asked.
The Committee of the Produce Exchange, appointed
by the Board OF Managers 20 consider the subject d
National Finance, met at IL g. yesterday. The Con-
mttee consists Of Franklin EdsOn President Of tho Ex
change; Benjamin w. Floyd, Viee-Presfdent: VIII
liam a. Phillips, Secretary; Benjamin c. Bosers.
Treasurer; 8. d. Harrison. John II. Boyn-
ton, and Heury Kemp The discussion wM
of q preliminary character entirely. number Of
propositions submitted to them for consideration.
but none Of them tsken up, the Committee con
ndorine only the question Of the propriety Of the
Produce Exchange making any recommendations -
Congress Oh the subject without reaching decision
on this point the Committee adjourned to meet t.
morrow.
Rumors have been rife the street in reference -
the contemplated Of the Board OF Directors OF tho
Western Union Telegraph Company in regard TO divi-
dend. 1t reported yesterday on what seemed good
authority that OF the executive meeting on Tuesday
night t had been decided to divide all net earnings
among the stockholders In future instead OF using then
in Che construction OF new lines. Mr.. Orton.
President Of the Company told q TRIBUNE reporter
yesterday that such action was taken. nor was any
resolution offered which decision was resolved.
Tho matter Of declaring dividend talked Of, tho
members Of Beard had heard Of t street rumor
II was not improbable that the net earnings would b
divided among the stockholders. but no could not tell
when such q resolution would be adopted. Whenever
ch course taken is expected that Western Union
viii be promptly placed among the regular dividend
paying stocks.
The question Of capitalisipg portion Of the large
plus Of the Company, amounting 70 upward u
AIS 900 0oo all from earnings, not taken up 81
fbe Directors meeting though s declared that cor
tifeate for Just 20 per cent has been msds
out and held subject to tho do
c,s,on Of the Executive Committee & 10 the
time when they choose to authorize Its divisioa
among the shareholders dividend Of 10 per cent 70
the shareholders would bring the capital stock up 70
40 oO on which is claimed that tho past business
Of company shows its capacity TO earn regularly
IMPROVING RAILROAD BUSINESS.
Reports from Western railroads generally
continue to show tho Improvement IN business which
has been heretofore anasunoed and specially In tAsss
which have the carrying trade OF the heavy crops
Of the Northwest IL was announced yesterday
- w,u.t that tn. earning Of tho Milwaukee and 81
paul Railroad Company for tho second week OF Docen-
Der 1879 we're t'a700 against eTSl Tor the corro
sponyuv week OF 1877. thus sho Sinx gaia OF over
Sx5UO