Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-03-13
Advices From London Send Up the
Prices.
SPECULATION as TO n. &c. DIVIDENDS
Chicago Gas Became the Conspic-
uous Stock.
GENERAL MARKET REPORTS
special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, March BIN sympathy
with the attitude of the London market
opening prices this morning reflected adj
vsnces varying from IA to IL per cent.
The volume of foreign business was small
and had no effect on later trading in this
market. The diversity of opinion on the
subject Of the next dividend on New York
Central acted in some measure as a de-
terrent to activity. The action of the
stock, however, demonstrated that those
who rely upon reduction were the more
confident of their position. The price
yielded during the morning for a net loss
OF l 1-S per cent, the support at the re-
duction being attributed to covering.
The room has been of the opinion for
some time that a reduction in the dividend
ed revenues reported from time to time
during the last quarter. This view was
not adopted by certain Of the more con-
sentative and usually well-informed opera
were sufficiently close to the dividend-pay-
Ing standard to warrant the usual dis
bursement. especially at a time when gen.
eral business conditions were visibly i'm
proving
The consistency with which the room has
upheld its position has caused some appre-
hension among the friends Of the property
ana the conservative element admit that
the chances are at best only even. Should
the rate be reduced it is a wasted point as
TO what corresponding reduction. If any.
would follow in the price of the stock. The
extremes vary from to 10 per cent.
The policy Of Northwest will be reflected
to great extent by the policy pursued by
Centraps directors at Fridays meeting. The
meeting either as an incentive for covering
or for further extending their interests on
the short side of Northwest.
St Paul was sold down 1 per cent from
ufvs Nvanr H. rls4fk
will follow the announcement Of tomor-
rows action. New England was mod
erately active on purchases attributed to
Boston, and based on the probable success
OF the company under the reorganized
management.
New Jersey Central declined 1 per cent
under renewed sales for short account, and
elsewhere the volume of business was too
small to warrant any important changes.
Chicago Gas displaced sugar temporarily
as the monopoliZing feature of the indus
trial list. the execution of a liberal selling
order forcing the price down rapidly. The
movement was assisted by the customary
room following. loss Of III per cent re-
sulting in consequence. There was no
General Electric was in good demand, and
gained ! Is per cent on what was gen.
orally regarded as the covering of out
standing short contracts.
Sugar sold up " per cent at the opening
but subsequently reacted 1 per cent from
that price on realizing sales.
The books OF the company will close to-
morrow for the payment Of dividends, and
some selling Of speculative holdings may
follow. The prevailing opinion, however,
is strongly favorable to ultimately higher
prices for this stock
The market for sterling and continental
bills was firm and dull. AS there is no
mail steamer sailing until the last of the
week there is little disposition among bank
ers to trade at current rates. The bond
syndicate Is confident of its ability to pre-
vent any outflow of gold. The rumors for
speculative purposes, to the contrary not
withstanding.
Closing prices were irregular, but in the
main steady