Evening star., 1897-03-10
Values Almost Stationary During
Most Of the Day.
Confidence OF PEACE IN THE EAST
Declaration Of Dividends of Various
Properties.
GENERAL MARKET REPORTs
special Dispatch to The Evening Star.

Special Dispatch to The Evening star.
NEW YORK. March io-Stock values
were almost stationary during a greater
part Of the day. speculative incentive hay-
irg dwindlel to minimum proportions. Tho
foreign markets were generally steady. as
the result of continued confidence In a pa
c'fc settlement OF the Cretan controversy.
The local situation has undoubtedly been
improved by the settlement of all doubt
as to the future management of Manhat-
tan.
The continuation OF dividends at the old
rate might have been sanctioned had not
recent experiences demonstrated the ne
cessity OF fair dealing. As matter %
sooc policy the declaration Of only such
dividends as have been earned must ap-
peal to the shrewd observer of existing
conditions.
Suspicion having justly centered about
certain properties. the financial and in
yestment community is i'm mood TO ac-
cept without protest official actions which
do not conform TO unofficial facts. Inres-
tiSatioE. public aud private has assumed
proportions which insure only temporary
deception.
The futility of assuming prosperous an
2earances, in defiance of bank balances. -
becoming recognized to an extent which
practically insures conscientious manage
nlent Inc public interest In speculation
may be expected to increase In exact pro-
portion to the restoration of oid-fashionad
business methods. Manhattan having de.
lui u1etnDus. tnt weight OF lts
example is likely to have an inflence for
the general good. Known quantities ara
particularly desirable in transactions in-
ro.ving the exchange of money. To be as
Sured 1 per cent is. therefore. IN populae
opinion. more desirable than a possible q
per cent at the exp pense OF maintenance.
The regular dividends on New York Cen-
trail. Western Union and American Sugar
were declared during the day at the ola
rates. With the exception of the second
property earnings are not questioned. Dut
even in that case the comparison Is favor
able with one year ago.
The tariff news from Washington was
confined largely to the new sugar schedule.
and was. in the main, unfayorable. The
specific duties provided for VIII reduce tn.
present profits of the retner materially.
The bill as IL now stands is said 10 favor
the importer at the expense of the re-
finer AS the American company occupies
both positions the net result of the schedule
| is adverse to its best interests. Corfii, ce
| is freely expressed in probable favorable
L changes when the bill reaches the Senate.
l This, however. is point grarely dis
| puted
No legislation directly favorable to this
| corporation is likely, and no special pains
| are required to verify this view. Dictorial
| interference at the time Of the last tariff
| bill called forth much campaign abuse.
ending in special antitrust clauses in the
| platforms of both parties.
Home producers must be protected. new
| industries encouraged ard beet growing
| fostered. Cuba is no longer to be depended
| upon, and the present company with all
| its capital must accept the same legisia
ton which will encourage small reiineries
| in all parts of the country. 1t will always
| experience and a thorough covering of tbs
| eastern field.