New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-17
CLOSING PRICES OF PHILADELPHIA STOCKS
WHAT WAS DONE IN STOCKS.

Monday, Nov. l6-p. m.
The disturbed condition of foreign financial and
political affairs has dampened speculation But
if our market is any sort OF mirror OF the Euro
pean situation the crisis is less grave than IL was
O week ago. Instead of the activity shown last
Monday. when uneasiness as TO the position abroad
was acute. duness was the principal feature to-
day. and the declines in prices were far more mod
crate. construction Of new ventures. rather
than realizing Sales was the effect of the advices
from Europe The London quotations came lower
and further declines in British and French Gov
eminent securities reflected the unsettled feeling
Arbitrage houses sold early. but the pressure was
not severe and for the greater part of the time
business was dull The stocks which possess an
international market rarely fell much as per
cent and half of the decline was recovered later.
The professional element had the making OF
most of the quotations, and the movements de-
serving OF mention were disconnected from any
direct relations TO foreign troubles.
Tne early depression may be credlted largely
to the continued weakness IN the anthracite coal
shares Delaware and Hudson opened per cent
lower than Saturdays final price, and under steady
selling declined further 3 IA per cent; Inc
subsequent recovery was only per cent Lac T,o
comparative strength Of Reading may be due to the
expectation of an encouraging statement OF the
years business. Central OF NewIJerseys decline
of 3-s per cent was upon trivial Transactions
The leader in point OF activity was Chlcago,
Burlington and Quincy. 1t fell from 90 Ia TO
as "a but recovered TO 90 5-sa99 IA on the
announcement that the directors had declared "a
dividend of IA per cent for the last quarter OF
the wear an increase of IA per cent from the pre-
ccding quarter. The dividends for the year now
Aggregate IA per cent but the significance OF the
last declaration lies in the expectation of even
better results from the business or the coming
wear Were domestic considerations alone 20 he
weighed, this item of news, coupled with the ar
rival of more than 100000 gold over Sunday
and the extreme of money, would DOUBTLESS
have assured n higher market to-day. The Bal
timore and Ohio and Pennsylvania Railroads have
already gone 10 a higher plane as divldend.paycrs
The New. York Central will pay an extra dividend
of / per cent, and has excellent prospects or
doubling the extra dividend in 1891. The Fl
nance committee Of the Erie has recommended the
pavment of per cent the preferred stock, and
The company earned 0 per cent on
the preferred stock in 1890: the distribution OF
profits 10 be made this year indicates commence
In the future, and unless every sign OF Increased
railroad profits next year fails, Erie common may
he considered to have taken great stride toward
the ranks of dividend-payers With natural con-
ditions promising general railroad prosperity, the
market happily is in q position to resist all Dut
the NEST serious of foreign developments Ire
general list rallied under the sympathetic influence
Of the raising of the Burlington dividend, but
the close was not without traces OF ieverlsnnesS
THE DAY IN THE BOND MARKET.
Small sales of Government per cents were
made at an advance of l-2 per cent to ZIG 1-2
The quotations reflected the rise, but otherwise
figures were unchanged. The final quotations are
appended: