Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-09-25
FINANCE AND TRADE
Future Dividends Still the Talk of
the Street.
new YORK CENTRAL BEING CONSIDERED
Traders Are Still Bearish on the
Changers.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, September 25.-Speculation
was fairly steady at the opening OF today'i
stock market With prices on a parity with
last nights clceing figures. London was
inclined to irregularity, but the commits
sions from that side were too small TO be
considered a fector. Sentiment on what
promises to be the most important feature
of the weeks Business. the New York Gen.
trails dividend has been completely revo-
lutionized since yesterday. The various
high authorities quoted as having inside
informs ton fevoring a reduced rate, have
been overpcwered by a preponderance Of
evidence In the opposite direction. The
well-known conservatism of the manage
ment may be relied upon to protect the in
terests of the stockholders to the fullest
extent justified by the earnings. The re-
duction OF the dividend on this property
would be a severe blow TO values both here
and in Europe. Foreign investors have
come to regard the securities OF New York
Central as second to none In the country
and will base future operations on thk
weeks action OF the directors.
Yesterdays well-distributed rumors OF Q
probable reduction In the dividend rate were
framed In the interests Of the bear party.
who had hoped to force a moderate liQui-
dalton of long holdings. While still unde-
termned, the best possible information
obtaineble favors a continuation of the old
rate OF per cent. even though certain con-
cessions have to be made In other direc-
lions. TIE stock was well supported
throughout the day around par.
Traders are still extremely bearish on
the grangers taking advantage of every
rally to increase the outstanding short in
terest. Burlington conforms most easily TO
the efforts Of the pessimists. lacking sup
port except such as Is given IL by the profit
taking of the attacking party. An effort
was made to open the stock below u. but
the action was not allowed. q Ia per cent
additional being annexed TO initial figures.
as Indicating the first legitimate transac-
ton. The price was subsequently worked
UP to "a on covering, but was soon forced
down I Ia per cent on room operations.
Western Union sold down 1 per cent In
sympathy with the pronounced tendency OF
speculation. The publication OF the Read
holders of the Junior securities are assessed
to defray the expenses OF rehabilitation.
the stock contributing per cent, resulted
in some selling by Philadelphia houses and
a consequent loss of 1 Is per cent In the
market value of the stock.
The pool In Sugar developed some ag-
gressvsnese and forced the price up 1 Ia
per cent on a fair volume of business. In
side interests are carefully watching the
accumulation Of stock by this bob-tailed
| combination. and will likely come into the
market as sellers at the first signs Of
liquidation by the pool.
Chicago Gas reacted In the early trading
without disclosing any new developments
in the gas situation. Distillers was forced
down L Is per cent by traders. but rallied
for more than 50 per cent of Its early loss.
The last hours trading was dull and ir-
regular. final figures rejecting fractional
variations on either side Of those first re-
i corded.