New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-19
WHAT WAS DONE IN STOCKS.
Monday, December 1S

Monday December Up. H.
Although the transactions in stocks to-day
were not sufficiently large to warrant the mar
! ket being called active. the dealings were on
a more important scale than in some time Ihe
speculation was not without some interesting
local features. but its significance was derived
from the continued moderate selling for foreign
account and the weakness of London's favor-
ties The Vanderbilt stocks suffered losses OF
1ma per cent with an increase in activity IN
New-York Central and Lake Shore. perhaps
this may have been simply sympathetic with the
weakness Of Pennsylvania Railroad stock IN LON
DON the circular Of President Roberts calling TOT
rigid economies from all heads or departments
having served as an official reminder Of the gen
eral depression in railway earnings. II seems
singular that Canada Southern was not exempt
from the weakness of its felow-shares. Tor ]. Is
intmated. on excellent authority that AN, tme
MANAGEMENT have decided upon an extra ny
dend of u per cent for this stock. Inc nan
yearly dividend on Cleveland Cincinnati chi
cago and St Louis is understood 10 De fiioie
problematical ~, 5000
Although not absolutely first In the record
of individual transactions Chicago. milwaukee
and St. Paul was the real leader OF the ma -, Nv.
II reflected foreign selling at the start ana tne.e
were only feeble rallies in It's course from VIZ
TO 59s. T6OIa. The earnings reported Tor the sec
ond week in December showed smaller conlpa.
ative loss from 1892 than those for the hrst Week.
hut the decrease was larger than the traueIs
had ventured to predict. While showing loss OF
sf-1 S22 from the second week or December lasl
wear parhaps there ~ more significance IN the
decline of s13312o from 1891 when the miieage
operated was 40s miles less than that OF 1873
Yet while serving as an example OF the pr 20
emf condition OF Western railway earnings 81
Paul stock declined more in price than tnose
stocks did whose margin of surplus over dvl-
dends IL much smaller than that OF the ~. faui
COMPANY Turning TO local stocks New-forK
and newfoundland furnished the most sensa-
tional increment. falling 10 24A. and at z9ts AT
the close showing net decline OF nearly per
1l,.tAt hut
long ago passed from the category OF securities
whose fluctuations rest upon reason. or eXpn-
cahle Influences The New-England managers
With other suspected corporations have affirmed
tho certainty Of their meeting January interest
charges The variations in the INDUSTRIAL group
were without explanation Nearly eauihe this
class in activity. General Electric ruled strong
nj 2S5sG3o until afternoon. when the price de-
cl,ned RAPIDLY TO 364 All. The suspicion may De
totally unfounded that the clever operators who
have worked the price up from 32u 81 were
seeking 10 market stock. but imaginings OF this
sort caused speedy change OF front among
traders who had freely operated on bull tips.
when the price began TO fall American sugar
Refining sold from So 10 slh. but rallied to ~
and Chicago Gas selling without its quarterly
dividend lost / per cent. National Lead de-
clined 2t per cent. 40
The market enjoyed a small rally In the
late afternoon. but final prices were almost uni
versally lower and near to lowest points.
THE DAY IN THE BOND MARKET
At the Stock Exchange a sale OF $4,000 Gov
ernment coupon As at 1l47s was followed by
reduction Of Il per cent in the asked price
Asked prices for the early currency SO were
lowered Y per cent. Following are the mai
quotations: