New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-01
CLOSING PRICES OF BOSTON STOCKS.
Boston, sept. 30, 1891.
WHAT WAS DONE IN STOCKS.

Wednesday, Sept sop. m.
Missouri Pacific attained the evil distinction Of
being the only active stock which closed materially
lower to-day. In point of activity it led the
market but in every other respect its influence
was impaired, If not broken The whole market
was duh and strong in the morning hours. and
shortly after noon Missouri Pacific had advanced
TO G3 81. Few persons expected that the drec-
tors would override the decision Of the president
of the company by declaring even nominal div
idend. and the early advance may have been on
tie magnificent theory that the stock would be
intfinsically worth more if the dividend was omit
ted The formal passing of the dividend and the
publication Of a statement for the last nine months
were followed by an abrupt fall Of 4 per cent IN
the stock and it's last price was only a small
fraction above It's lowest points. The statement
showed that dividends had not been earned, and
tAat with those paid the deficit amounted to
I.Gl9.213, but this sum includes the expense Of
rcfunding Iron Mountain and Missouri Pacihj
Der cent bonds. According to the statement the
,ompany has a floating debt Of S4,4ol ,347, but
as available securities Of the par value oil SS,1OV
900. Al the present naIhcI value lhthe Noulu
DE sufficient 10 wipe out the floating lndebled-
ness In view of the conditions, the only OPP
position in the beard TO the passing OF The dlNI-
deud was made by Russell Sage, who has been
supposed TO be short oil The leading STOCKS: Ills
act ION may have been dictated bN u desire 10
The influence uf the heavy decline I'm MISSOURI
Pacific WAS Slight. The general market byinpa~
tiizcd 70 the extent Of half per cent, but with
the exception of Union Pacific il displayed no
SIMMONS of weakness. \ small failure and brief
furry i'm rates for call money also eAertcd only an
INSIGNIFICANT influence, and the closing was
rather firm than dropping. In many cases The
eorlv Gains were nearly lost, but the final Vara-
tinIs were generally small advances -: Paul,
which was next in volume of business 10 Missouri
petite and AtchiSOu, was cOnsplcu0usly strong
.tlrouolout the day. II ended 3-s per cent be
o,, its TOP figure. but with gain of 81 per cent
Mo STRENGTH in this and few other lead
irlS stocks suggested that the decline IN
Missouri Pacific was utilized 10 protect short sales
IL, tbc rest of the list Apart from any motive
~ his kind however, the general market showed
Ia nl,in inclination 10 separate Itself from The
Gouid stocks The inflow OF gold which has not
been checked and the evident confidence ol
E,,r,na which has borne the reaction with cntlre
rnIIiuimitv were more potent forces than the eA-
cintiouel embarrassment of the Missouri Ia"hc
PiilVav That its condition Is cNCCptlOhaI was
,royed by the favorable reports Of othet com,
names The statement Of the NeW-Aolk IehtIa4
and The YEARLY reports Of the Chicago ard Eastern
Ilinos and the New-Y0ry Ontario and western
railroads. which are printed III another place. are
i'm sharp contrast with is showing
TIE DAY IN TIE BOND MARKET.
4 sale of 81 900 coupon IS at nearly the
asked mice STRENGTHENED all issues Of Government
. bond. BIDS for the Is were raised Ia per CCHu
and ls pcr cent for some OF the currency os. Inc
closing quotations were a. follows;