The daily morning journal and courier., 1895-02-26
EttlanctAl.
Aggressiveness of the Bears Was Pro
 nounced on the Stock Exchange.

| 1 Aggressiveness of the Bears Was Pro- l nounced on the Stock Exchange. l New York, Feb. 25.-The bears at the stock exchange were more aggressive to-day and their increased activity and the consequent decline in prices were due to the passing of the Canadian Pacific to the non-dividend paying | list; the practical defeat of the Patter- son railway pooling bill in the senate on Saturday last and the firmness of Sterling exchange, the posted rates for demand bills having been advanced 1s cent to $4S9N. Actual rates are now higher than at, any time since the bond syndicate began It's operations and the selling figures are close on to the gold exporting point. The action of the Canadian Pacific directors in passing | the dividend on the common stock created quite bearish feeling in Lon | don and the foreigners came in as sell CTS of our securities at the opening. Some authorities place the sales at fully 10000 shares. principally St. Paul and l Louisville and Nashville.
 The bearish feeling abroad was in- tensified by rumors that the St. Paul will also pass it's dividend The direc- tors, however, do not meet for three weeks yet and while nothing definite has been decided on, usually we'll in- formed parties believe that the old rate will be maintained.
 There was some selling of the gem eral list on rumors of an extra session of congress, belief obtaining in some quarters that the appropriation bills will fail because of lack of time and that the president will have to call the new congress together if only to enact these measures. Canadian Pacific nat urally led the list in point of decline, the stock selling down S1s per cent. to A. and only 600 shares having been traded in. The decline in the usually active issues was equal to A to 1% per cent. Delaware and Hudson dropped 15s to 126ss, Sugar 1H to 91, Baltimore and Ohio 1A to 61A, Burlington and Quincy < to S9ss, Chicago Gas 15s to 55, Northwest 11s to S9, St Paul 5s to 55, General Electric $ to 28% Louisville and Nashville 1ssto 51, Manhattan IS to 1071s, Missouri Pacific 4 to 199s, Jer- sey Central t3s to 8t1s and Rubber 1% to 40A.
 After the publication of the St. Paul statement for January, which showed an increase in net earnings of $S3,003 the grangers improved and a rally of M to $ per cent. ensued. Railway earnings generally were a little better, quite number of roads reporting for the third week of the current month, showing fair increases. The Kansas and Texas gained s57, 467 for the. period named and half a dozen or so smaller systems anywhere from three to ten thousand dollars, Tobacco was less prominent and after falling to S6 re- covered SS@S7%. Starch second pre- ferred dropped 3 to IS and Wheeling and Lake Erie preferred 1& to 35@5s
 Speculation closed about steady. Net changes show losses of A to IS per cent. Tobacco gained %, Southern Rail- way preferred $ and Cordage 4 per cent.
 The bond market was irregular. Salds footed up $S65,00o
 Following are the closing prices re- ported by Prince & Whitely, bankers and brokers, 46 Broadway, New York, and 16 Center street, New Haven: