New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-07
LOSING PRICES OF ruLADELruIA STOCKS.
WHAT WAS DONE IL STOCKS.

Thursday. Icp b-p m.
ST thc stock Exchange to-day h. was the same
oil story: \ lack Of speculative interest. except
ou the part 81 those operators who have hereto
fore sold stocks which they did not own. 1t is
that c,,, o, operators that is doing all the work
and manipulating the news furnished To Wall
street. And night here we desire 10 give 10 the
Herman Wall Street News Company the credit to
which it j, entitled ON Tuesday the directors of
tine ,t..5eo. Darlington and Quincy Company did
dccl rr s quarterly dividend of ii per cent
Yesterday forenoon Wall Street was flooded with
di,p,i f.., DENYING the declaration of the divi-
dcnd. hicrnon Il Co., for once. rose to the gruv-
itv of the situation. and sent out the following
which is too good to be- lost
The blue condition of the atmosphere in Chi
cago and the general hcalthtuncsS oi that clty
u.s. 90 site Tor Worlds Fair. or any other pro-
cr.s>tyc and pubIic-Sp'rltcd enterprise, may he
,lsl.,.tcd from the tenor Of this Dispatch. re-
ccived not only hy ourselves. but hY various
houses on thc street this morning:
" ChicagO.-At the office of the burlington here
Nicc-PTc>IGcut PeasieN positively denied mat
there had been any increase IN dividend agreed
upon The Darlington last year earned It's fixed
charges and per cent on IFS stock, oui II earned
httlc IL any, more. II has always been the policy
Of the company 10 accumulate surplus r@ilrr
than pay the last dollar of net earnings out in
dividends II was this policy alone that kept their
stock among the dividend payers when nothing
here he mistakcn?'
There should ne great sport for bear hunters
as wen as pig stichcrs in Chicago these days.
The point of the whole matter is that this is n
fair illustration of the value of 90 per cent of
Chicago specials TO Wall Street. The probability
is that Vice President and Treasurer Pcaslcy never
made any such statement IS attributed 10 him.
The seller Of Burlington and Quincy stock at
ios down to lO6 j-S wanted his stock back and
he has an intimate acquaintance $50 he says with
all ChicaIo news vendors. The speculative sltuo-
ton is growing TO be awfully funny. We have
told il in as brief space rs possible.
To-day there must have been some accident
to fine Western rumor mill. Its discharges were
lew. and of the mildc>t form But with tho
dull.rSs that prevails there was no cessation oil
attempts To raid the market values wherever an
opportunity occurred. And HSnO mere we desire
to 20 on record that tie president OF the Rock
Island Railroad, despite his intimacy with Mr.
Porter, is in oar opinion, managing and operating
that road for the benefit of It's stockholders. We
further believe that during the last iorty-cight
hours Mr. Porter has been able TO pick up some
stock SO that hereafter his views on II are Likely
To be less bcarish.' But what a commentary
II Is on Stock Exchange methods that the wink
OF one man can and does effect values from 10
. per ccHt. The Stock Exchange should promptly
go back to its Old rule, that the Stocl, or bonds
Of any company that did not at least once "a
month give report of lis earnings should not he
dealt ina within its walls But how can it,. when
~ has permitted dealings IN the shares of private
copartucrShips, which cannot be- compcllcd 10
make public reports by the laws of any State?
Thanks To the magnificent wisdom of the
Governors of the Stock Exchange. every Spccrl-
htor IN securities - at the mercy of three or four
large operators and their entire control of the
supposed sources of information. Hence the dull
ness which prevails and has prevailed till tho
ilnc Is approaching when country visitors will
ask 10 Ice shown where the Wall Street Poor
house" Is.
To-days stock market was dull and inSipid for
the general list Philadelphia and Reading was
remarkably strong up 20 fl 1-2al1 IA. and Cen
tIal Of Ncw-Jcrscy recovered to lis IL on small