New-York tribune., 1897-01-07
CLOSING PRICES OF BOSTON STOCKS.
Wednesday. January G-p. m.

Wednesday,,
Wall street has remarked so often the 'urn
has come" that little confidence is placed IN 'he
saving. and outsiders are not in haste 10 pe'e'"
that the turn has come until there IL s'ronee'
o,.,dance than advances based upon speculative
manipulation. The street is again taking apou'
,ho ..,,rn hut II will he just as we'll to reserve
oninion on this turn until It can be conclusivelg
showr that the public has reganed its con-
ddence in the general condition ana IN 'he au
v,sab,litv Of investing its idle money in securi-
,ies The fact remains however, that the s'oo"
market Yesterday and to-day gave some EVIL
derce ~ changing for the better. in advancing
,rices IN more general distribution Of busi-
.,ose .rd IN a light inquiry from commission
house customers. Despite somewhat vi"
fvorablo condition of domestic trade. many
,p fai,ures and other troubles among ndus-
,r,., concerns underlying conditions are 1aNoi-
h,o 10 q turn In all lines of Industrial activity
and when a proper realization OF the ac'u"
situation OF this country as compared WIN 'n''
time year ago is obtained better results III ''e
security market and trade circles may DE iooneu
for Conditions are not intrinsicaliy pau @ ~
como peop,e doubtless believe tnat they a
and the majority appear to believe that tne ui'
arhance in Cuba and number OF failures
among payed -out banks are suflcent 10 n on se' C
foreign trade balance Of nearly S3W,U,:;'o ~" 0on M
fot
an easy money market and the assurance OF 'ne
safety OF the gold standard and the prospec. ..
The massage of a tariff law which VIII pioteos
the countrys industries. prevens oonn arrsnses
and afford adequate revenue 10 meet e~Pe"
70 thase factors are not heaV? enough 10 o"'
weigh the trouble in CUBA ana ,ne iaiIui. -, ~
hadly managed and decayed DahN"' een yIa
mon sense must have gone from tne Pe't -
IS as II is hoped. the favorable factors III @ w
situation are beginning TO be apprec,a.eSu' nd
u.a may hone that the advance Oh !eH'e'u,: 80 :.
indt
I a:xnanding security market. with reinNesu .
n,nnt Of the interest and DIVIDEND n'oHe' Nv"
being disbursed .x tho greater part
THE stock market was strong the - d,,o,pces
-. ~ dav hut many Of the early ad'aIc,
were lost by a break In Dea"are au e., ,ba
son on the announcement or reou.'iH aaoIin a.
aivIuehu na,hv The action of the Delawarc
md Hudson management in reducing .ne Iii u,,
dend &c i'm accordance with the compah! , 20
known conservative ana wa,.ia,u' ar racswe moth
,he stockholders interests, and can IeceNS III. mU
inc but commendatior in all quarte's 10 la he
the fact that per cent n,,.. diVluenu ov .ur
maintained by drawhs ,hs Ia last annual report of
pnaioware and Hudson, II had surplus vi -,
Hli so3 OF which So Go sos was neiu III soou a .
curities 1t is probable that ane ,he aiy,dends
Tor 1897 being determined upon the ,o''" ta n,,,
ngs. against 6% per cent IN iS"o' ,coc oniv n
ever. per cent was declared TOT ios' rr,,,s J n
smai amount being taken from the surplus " y
maLa nm the per cent dividend. Peop'e WhU U
have been selling the stock snort ,s Me,s s,c'
nleased at the reduction, ana the ne"Is -,
needed in selling the stock down TO ll3ls' aea,ns.
as, nights closing at 100 The stock soid a, II
its highest 1896 price in February al lz9s ana ,s
al the present dividend rate, per ce"'Ln 10 70
-, ~ o a. fi3M The volume Of business showed
cnnsderable Improvement to-day. althongn %, ID d
,art of the ncre was due to heavier aea,S
:, sugar Refining. elsewhere among ,,.a ,ne 49,.
- "ttsansact,ons being fairly well distributed.
- paul and Burlington followed Sugar In pona .,,a
sc,,vity At small net gains. while Louisv,lie
tpo hnw.d the chief activity in the rest OF
,he list. Although Delaware and HUDSON 'o''