Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-22
FINANCE AND TRADE
New York Bankers Criticise the
Treasury Department.
INDIFFERENCE OVER GOLD EXPORTS
Bears Surprised at the New York
Central Dividend.
GENERAL MARKET REPORTS
special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, June 22.-Another bear Idol
was 1hatted this morning when the con-
sentative management of New York Central
declared the regular quarterly dividend Of
Ia per cent on the stock OF that company
reduction In the old rate had been re-
lied upon to establish q lower level Of val
ues throughout the list and give shorts an
opportunity for covering at a profit Sew
eral other less prominent roads also an
nounced the usual dividends Disappoint-
ments Of this character have been unusu-
ally abundant Of late. but the true bear
Instinct promptly selects another cause
ana predicts more satisfactory results. The
burden was shifted today to the continued
loss OF gold. and for a time the street at
tached some Importance to this subject and
liberal line of short stock was put out.
including the consignments from Boston,
TINS weeks loss will be in the neiehborhood
OF $S.25oOOO. over $S.O00,oUO having been
taken for shipment on Saturdays steamers
Inc apparent Indifference on the part of
treasury ofncials to the constant drain on
the gold reserve in its present depleted con-
oition Is being severely criticised by the
local banks. and II Is doubtful IL the sub
treasury's losses will long be reimbursed
from the bank vaults. Unless the depart
ment takes immediate action on this sub
tect the banks will withdraw all aid and
leave the solution OF an uncomforta bic
situation where IL properly belongs For
eigners have become impatient over the de-
lay In remedial action, and are likely to
return some Of our securities until our
terminsd
The result OF the days trading In railway
shares was TO substitute slightly lower val
ues for those recorded at the opening
Northwest lost Ia per cent on selling
resulting from the reported decrease OF
$oes, i5l in May earnings. Atchison was
sold down per cent to 4 rs as evidence OF
the dissatisfaction caused by the proposed
Vile and ST. Paul each lost l-2 per cent on
early trading
sugar sold down ! per cent during the
nrst hour. but rallied sharply during the
afternoon to 90 IA. exactly 8 per cent in
advance OF the days lowest point. The buy
Ing was attributed to inside interests. which
are again In the market for cheap stock
chicago Gas regained i per cent Of yes
terday's loss on a good volume of business.
Omcials deny all knowledge OF the date of
the next dividend. and also any knowledge
OF the intended purchase OF q rival corpora
tion. National Lead and Distlllers were
strong. and General Electric yielded frac-
tionally to continued selling by Boston.
The bears started a rumor this afternoon
that prominent operator was bidding s
premium for gold. but the device was gen
orally recognised as being Of bear Origin.
some covering In sugar resulted in better
prices elsewhere in the list. rise of
per cent In the regular list would probabl
De suff1cfert to force out the better part OF
washington is gradually working around TO
a favorable basis for renewed efforts In the
tndustrfals. Final figures were irregular
but In the main steady