The sun. [volume] (New York [N.Y.]) 1833-1916, 1888-03-25

in the companies he controls. but By the proc
ess OF exosmosis the Information leaked out
that the Missouri Pacific Company will On Mon
day declare Q quarterly dividend of1k v cent
This will reduce the rate per annum upon the
stock from 2 TO y cent. II is understood that
Mr.. Gould aesented to this compromise with
great reluctance. boins inclined to favor the
wishes Of the juvenile element in the manage
ment by making no payment at attic the stock
holders. It Is alao Understood that the neces-
sary funds to pay the dividend will be advanced
By Director Russell Sage and othors whose
holdings OF tho stock are reported to be rela-
tivcly larger than those OF Mr.. Gould, since
thoy have been slow to follow his example In
diminishing his line. Tho current reports are
that tho Gould holdings are now about 100, 1000
shares, as against n known ownership OF about
800. 900 shares about . year ago. TIL Bun
some time nGo presented Trustworthy informa-
ton that Mr.. Gould had marketed over $15,0oo.-
0C0 Of his stock.
Whatever may be the finale Of this episode in
Missouri Pacific MANAGEMENT 1t has already
established one or two facts which Wall street
will do well to remember. Ono Is that the asso-
citation Of sthers than members Of his "
family with MI. Gould In the Management Of
his properties is ne guarantee Of protection to
the public. The reports Of the Southwestern
show this conclusively, while additional proof
Ia furnished BY the manner In which not only
Wall street but tho entire Investment COM
munity has been upset by this ten days doubt
regarding tho Missouri Pacific dividend. An
other fact that also seems to be pretty clear 10
the h, DANCE hat in rssSiss # from mint intr Hsa psI large
p possla'&s f 200 sesld's error in IN t tsTeq r.spsGs does
s to lis r re mt ton for s aasstats.' 0u' nA''i' Aau'
The two hours. market was animated
t better Witch has i bssn note. sPs ABOVE eHon tSou aSl he
number Of ss.sSns ,U who knew Of the ehnnngs
rs $ to the drop Of 5 = cent. IN Missouri
Pacific was enough to convince the yeriest
using the decline in. that stock to pull its
chestnuts, out Of tho nre. Then followed COW
eiing Of short contracts all around. resulting
cago. Burlington and Quincy system, by
betler bank statement ais. Contributed to, a
strong closing. Tho movement appeared to BE-
purely local. Us LondSn did nething; s., Pnul
shows that the bank loans are about stationa-
e sss@llle TSas t Tss sss1piSS ad ib as It a ~ ssoa a'd dssf Y
liauida;ion during the week that would DO r.
f nss}ts a in q st s%tiIs s.5 SS iS5S Is Of lS ana ,bs Th lSss e IN
lawful money nearly sl.250.O0o. The loss in
surplus reserve Is the smallest in 2 numseE Of
NO0kb, U0lUS u y bludh UUO,OUV 1hg
surplus. being still in the neighborheod Of
5000 ,ooo. is Larger than usual at this season.
has centred In the Gould properties. and 1t is
surprising how little the general list has been
affected SO far as prices are Sonsera'd by Mis-
sS"5' oa pSei isp6 GsERS1tt l saa ai srS m the aeo aoaid
are higher one desirable result OF the un-
settled feeling that has been created was .
much more active speculation than the street
there has been q decided change for the, better
panies wost Of Chicago have preserved their
supremacy aEainst, the struggle OF their en-
ploycos to usnrp the management, and they
have also made substantial progress toward
the. resn mption of profitable rates. The gem
eral trade reports are In the main OF a mod:
mere %amet1,G moyens IN .a and i thsss are .. e corrob.
GRATED by an increase IN the bank clearancss.
The iron industry is still tho conspicuous e1-
anthracite coal trade is upon u frmsr basis.
both rs regards relations betwoon the COM
paniss and prices, ,hun a week or 80 ago.
time and on call. There has been some dis
soans 81 sf' iss u ar th: IN ma ihs s] Si isH1!s'sTal s on ri.
This is now in q fair way Of being aIlsysd. at
s sssrI ,s the iattei pnr to oi the "'S Wssk w Ma.a Accord ,Sr
demand for x4Oo: 900 to, pay a railroad loan OF
be said beyond tho fact that It Is taxing the
pntience, as well as the pocket Of the whole
country in tho mos most shamsful. not to say srimi,
week. is still. and possibly for partisan reasons,
tho most derelict IN the discharge OF its duty. =,
sa tn daYf Missouri ZIP Pacific ,hS e Closed sr to.sa S' si ~
cont. lower. Pacific Mail az, Western Union IL.
St, Paul and Reading N each, and Texas Pa
oaiiy unchanged or slightly higher.
Final prices comparo with those OF yestorda ~