Evening star., 1897-03-09
Conflicting Advioes Received From
the Levant.
rLUCqUATION IN ENGLISH CONSOLS
Various Directories of the Gould
Properties Meet.
GENERAL MARKET REPORTS
Special Dispatch to The EveEing Star.

Special Dispatch to The EveEing Star.
NEW YORK. March 9.-Openng prices
this morning were about on parity with
yesterdays final figures but the days sub
sequent developments were not favorable 10
sustained Improvement.
Conflicting advices from the Levant en-
phasized the nervousness occasioned by
fears of actual hostilities and inspired eau
ton in all the financial markets. English
consols and French reRtes advanced during
the early hours and attracted sympathetic
advances in the miscellaneous departments.
Later advices from the scene of The i'm
pending political crisis announcing con-
fiict between the turkish ana insurgent
forces caused a recession in all specllativ
issues. Liquidation was not apparent. how
ever. the professional element alone con-
tributing to the decline
The meetings of the various directories
OF the Gould properties were the most sig
nificant events of the day. in popular opin-
ion. The unofficial figures relative to Man
haitian earnings have for months past in
dicated the early abandonment of its @
per cent dividend disbursements.
Some skepticism was inspired by the pos
sibility of yielding to what some manage
ments consider policy, and declaring the
old rate. During this period of presumptu-
Gus doubt the price of the stock was
marked up / per cent, but was literally
sold at the new level.
The declaration of only 4 per cent was
announced during the noon hour. the price
of stock receding 11e per cent under noon
selling.
The extensive short interest began a par
tial covering on the announcement and
prevented the decline from extending to
more substantial limits.
The figures which the dividend was de-
clared were temporarily withheld. Western
TTriop (rolIl6 having
Der cent more dividend than Manhattan.
was selling slightly under the price of the
latter during the greater part of the day
The executive committee of the telegraph
company has recommended the recent quar-
terly disbursement of Ia per cent. which
action the full directory will confirm to-
morrow.
Missouri Pacific, the third member OF
| this group, reports a deficit for the year,
after all charges, of 81 ,261 ,161. Substan-
TALLY the same directory was elected. A
traders movement in this property. based
| on the figures of the annual statement. de-
| tracted per cent from the market value OF
the stock.
These developments, quite naturally. act
| ed as a deterrent to Improvement in the
| general list. The shares not directly con-
| cerned were sold for accounts demanding
| future purchases.
| The main situation is consequently NOT
| undesirable, but the narrowness of the
| market permits temporary appearance
| of weakness. Advantage was again take n
| of passing influences to attack New Jersey
| Central. the vulnerability of which is well
known since the publication of actual
earnings.
| In the industrial department Sugar was
| the feature at substantial decline, based
on additional tariff advices. The hard
| ships of this company. in a legislative
sense. are conceded to be daily increasing
The prominent position given the COM
| pany in recent campaign oratory is re-
| Sponsibie for the belief that the same ma
| terial will be worked over in congressional
| debate. Until something definite is known
| as to what Congress win do during the
| early days of the new session il is no
| likely that the market win attract NOR.
| than indefinite support.