The evening world., 1894-08-17
VICTIMS Of A TkICk 1?
Bears Got Nipped on False RI.
ports from Eoston.
Burlington and Quincy DIV dsnd MOI
Reduc d, as r. porlsd.
Wall Street Thinks There Was o
Stock-JobbIng scheme.

Wall street brokers are discussing
with considerable interest what they re-
gard as stock jobbing scheme in con-
nection with the announcement OF the
Burlington div idend to-day.
1t was well known that the Burling-
ton directors were to meet in Boston
to-day, Tor dividend purposes, but there
was doubt IN the minus or some, as
to the amount or TINS dividend.
1t was aiso understood tnal the d.
rectors of the CnIcaso, Burlington and
Quincy road wUuio notify the Boston
stvck Exchange OF the uividenu decioed
upon to be pau Sept 10. ana that the
oncers OF the Exchange should maAt
the pupl.c announcement.
TINS morning SURFING ION stock In This
city opeueu a, IS ~, aAu at II v ciuca Al
hau Ciiinueu up " "a Ia. NleIIiuyr5 vi
the EAvuaIse were on the wdtrn lur
the uiviuenu ANNOUNCEMENT Iroin Duston
ANA were tahen W surprise wneii one vi
the Wal street news asencieS sent Ou
tie foLoWins ON las slips;
QuINCY'S KATE OF REVENUE REDUCED.
bostou speciai-ihe u, Is. u Y. directors have
deciaied auartefiy uiviuena Of / per een,., pay
iu,s - . reduction OF y per cent. from ths
last ulstrlput.un.
The erect OF this report was to send
the sto&n uown u iuii point from ~ Ia
10 10 ID, AIu Cause every ufvherage
house with boston conneC.ions, " rusn
queries over tne wires as " tiie reason
lvr the reuuction "a Tie uIsiueiiu. Mean
wniie anutner wal s.reet news agency
hau sent out siliiIar report u That
gwen ABOVE.
A quarter Of an hour later the news
agency ~nicn sent out tne INST an
nVuncement, put Iorth the following.
QuINCYs DECLARATION OF DIVIDEND PRE-
Boston spsciaL-The declaration OF the Quincy
diviuend Is premature.
1t Was read IN the board, and then notice was
withdrawn.
hignt on the heels Of this, and leaning
particularly on the last sentehce, came
the iouowILg from rival agency mere
soston spss.alJThs ranOr watch ma. sAil ned
Burlington diviuend sas .nnounvsu IN the Ia
change and tnen witndrasn ~ .n1 traa. raI
received BY the stouK Excnange from the Burling
ton onoe up to tnis hour. Hio p. n.
| Ana then came the expected official
announcement wnicn AL the agencies
sentout 10 the effect that the u, .. q
Y. directors mad met and declared the
Iegu,ar Quarterly uisioend or IA Per
cent. Tnis news was received with a
the moor OF the Excnange, ana the
76l-4
Then came a despatch from Boston
explaining the error N this way:
The premature announcement that the O.. b.
& q. directors had reouced the rate OF the quar-
terly dividend was due 70 the circplstion Of ru-
NOR to that effect on the floor OF the Boston SOCK
Exchange This was al once telegrapned As an
osclal notice over the private wires OF New York
banking houses. which furnished the Information
TO the news agencies, and by private telephone
to members OF The New York Stock Exchange.
The -. u. v. dividend vas not announced.
nor II known b. anybody until 2.sV, when
/ IL read from the Tostlum.
The telegraph operator OF the New York house
wired TO New York long vsfore the announce
ment that per sent had been declared. which
was purely guesswork on his part
The opinion which prevails here lie
| that somebody over In boston tried 10
work a smart game In New YORK., but
| that their plans miscarried.