New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-07
CLOSING PRICES OF BOSTON STOCKS.
Thursday, August 6-p. m.

Bear operations depressed the security mar
ket to-day, net losses OF sG2h4 per cent being
made throughout the list Of active shares. There
was no news development accountable for the
vigorous efforts OF the bears 10 lower values.
At the opening prces sold of nal per cent or
lower London quotations, and as no support was
forthcoming the decline continued at noon the
majority Of active stocks showing net declines or
from n to ~ per cent All large interests are
out OF the market No such interests are llqul-
dating as the result Of bear pressure but there
is no support 10 offset bear attacks. ana the
operators for lower prices are putting forth their
best efforts to run the market lower, while
heavy interests are out Of town and indisposed
TO offer any assistance TO their own properties
and to those they indirectly interested In
The unfavorable factor in stock trading In the
last few days as far as an argument Tor the
bears is concerned has been the uncertainty
felt regarding the action Of the Burlington d.
rectors on the dividend question next week. II
has been reported that the dividend VIII be re-
duced and in view Of the companys record IN
the last year it would seem as II such course
would be inevitable, but II the directors action
on dividends in the last two years should he the
guide for this years action no reouct4OH ~, w,
take place 1t may be remembered that IN lo't
the company had deficit after the payment ~
dividend on the common stock Of IA per cent
Of 1887 9O4 and in 1895. after the payment OF
per cent a deficit Of $500. lO1. making two years
when the company paid unearned ulNiuehus'
The Louisville and Nashville statement lot the
year ended June 80, with preliminary estimate
has already been published IN TINS coiuHr anu
the actual figures published to-day. differed III
tie from those printed In July. The company
reported as actual results from operations sur
Mus of 81. 81 JO3 an increase over the preced-
ing year of S6I60lS and "a decrease from the
prelir1inary statement OF SlD,ZtO
DC.ovarnnoent and railway bonds were weak and
lower. probably in sympathy With stocks the
last-named class OF bonds sunerlhg Hatella.
Losses in a number Of issues. The Government
De and rs are not at q low level and though they
have been weak for some time mere are soins
people who are not afraid 70 purchase thenl' ana
in doing so IT seems as II they exhibited common
sense and an able appreciation OF the value OF
this kind of Government paper, despite the al,
titude Of Mr. Bryan and his followers toward golu
and gold bonds. Bear attacks to-day were en-
couragad bv an advance in call money ~ ~
per cent and reports OF an urgent demand 10,
loans in mercantile circles. SUCH reports caused
declines in Burlington, St Paul NortnWes.;;
Rock Island Sugar Refining, New-fork central
and Lake Shore extended from 10 8 per cent
In the afternoon a rally carried prices up an
average OF per cent but the closing was un-
settled and feverish New-York Central SOFA as
low as 81 in the day, about u points under us
lowest price during the Venezuelan panic. Lon
don sold St Paul and Louisville and Nashvile 70
a moderate extent Total sales were IA 81
shares Of which the greater part was TUT
nished by Sugar Refining the Granger shares'
Chicago Gas Louisville and Nashville and West
ern Union Noteworthy net declines were made
by Sugar Refining 2 per cent; Burlington; -
per cent; Chicago Gas. q per cent; Cleveland.
Cincinnati Chicago and st. Louis, rs per cent
Consolidated Gas 3ih per cent; Delaware and
Hudson per cent; Delaware, Lackawanna ana
Western AZ per cent; Illinois Steel. IL per cent
Lake shore . per cent; Louisville and Nash
Vile Ia per cent: New-York Central, rs per
cent Jersey Central. IA per cent; Northwest
IL per cent: Rock Island. per cent; 81 Paul
il per cent; Southern Railway. Ia per cent and
Western Union. q per cent.
Closing prices to-day Of number OF active
stocks compare with yesterdays as follows