Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-03-22
Depressing Influence Of the, Export
Of Northwest's Earnings.
WHAT ME BULL POOL. Is EOuMM I'd
Rock Islands Dividend Declared
With Effect.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, March 22.-Opening prices
this morning were about on a parity with
last nights closing fgures, with the excep-
ton of General Electric. which opened OF
IL per cent. London.s cables reflected; q
steady undertone abroad, with ST. Paul
again the feature.
The room was well filled with stocks dur
ing: the morning, fact which the trading
element used tolgood purpose as a rsactton-
arys argumentA disposition to furtherrealtze
on purchases made earlier in the week also
acted as a.. deterrent to substantial inn
proyement. The Declines however, were
not material and had no effect on the
slowly broadening speculative plane
|: The published report of Northweat,ai
earnings for the month of February. show
ing falling off of more than $RSO. 900. as
compared with the same period of 1884, had
a depressing influence. on the market, and
detracted full point from. the stock itself.
The statement occasioned no surprise
among those familiar with the property, as
it is exactly in the line of previous reports
showing equally discourAging results. The
recently formed bull pool has based its,
hopes for success en- an increased. traffic in.
iron ore, which is expected to set in next
month. but it is doubtful IL the roads
capacity for handling this commodity In
equal to the task of bringing the earnings.
up to the present diyidend-paying stand
srd- Northwest will probably profit more
from the general sentiment of the street
than from any intrinsic Improvement in.
ectual business during the next few
months.
Rock Islands directors declared the usu-
al quarterly dividend of IL per cent pay.
able May L This announcement was with
out apparent effect on the market price of
the stock.
The early trading in New Jersey Central
reflected considerable hesitation in the SCI
lection of the course to be pursued during
the day. After advancing 1-2 per cent the.
price declined sharply for the ftill amount
of the gain and an added Ia per cent
Rallies and reactions of about equal value
succeeded each other in rapid succession
during: the entire forenoon The best opin-
lon seems to be that the manipulators are
still Interested Lii marking up the price,
and that short selling from the present
level is exceedingly dangerous. Reading
was strong at a l per cent advance. due.
to the probable benefits OF the proposed
combination.
Chicago Gas was the feature of the In
dnstriai list, selling up per cent on a
fair volume of business. inspired by. the an
nouncement that the forthcoming state
ment of earnings will contain several en-
couraginE features There ID still SOME
doubt about the payment Of the April dfvts-
dend. owing to the well-knoWm prejudice
of the Ecw interests in the prDpez4y fnr
Semi.aunual disbursements.
hia perhaDs significant that tho operatnnas
responsible for the sudden drnp to present
figures several days ago, should now De
loudest in advocating immediate and SUBJ
;stantial profits on the long sde., Bankers
report a small; volume of business with
interior points during the week., and esti-
than sl,080.080 from such sources. The
trading Of the final hour was dull and ir-
regular, the lowest points Of the day being
recorded in some instances.