Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-13
SMALL ADVANCES.
Trading in Railroad shares Lacks VIM
Threatened enforcement of the
Missouri Law Causes
FIurrY Lead Trnnf.


NEW YORK, November 1.-THE stock mar
ket was more quiet to-day, except at intervals
and in spots. and the dealings, as a rule, were
made within narrow limits and presented little
feature of interest. There were several items
of news which would have had bearing upon
values, but they seemed to fall fiat In almost
every case and while the market for the
greater portion Of the day had al upward ten
dency, the movements lacked vim. and outside
of few specialEies the final changes are gen.
orally confined to small fractions.
The most prominent feature OF. the day was
the selling of Lead Trust by st. Louis, which
became alarmed at the threatened enforce
ment of the law which was passed last winter
against Trusts, and the stock was forced down
about 2 per cent, though partial recovery
took place. The bears. of course, helped the
decline and the recovery was in ali probability
the result of the taking of profits on the short
side. With the exception of London which
bought freely at times of all of its favorites,
st. Louis was the only outside center which
traded to any extent in this market to-day.
Next to Lead Trust, Richmond and West
Point attracted most attention, and both kinds
of stock changed hands, some at advances.
The Grangers were all stronger. though Bur-
lington seemed neglected, and failed to move
with the others. The long-expected dividend
on Northern Pacific preferred was declared to-
day, but the announcement failed to have any
effect on the stock, which was steady through
out. with slight upward tendency The spe-
cialties were in many cases conspicuous for
strength, and Canadian Pacific Ontario and
Western and Louisville and Nashville all made
material gains.
The market reacted from the depression of
yesterday afternoon, and opened from X to y
per cent higher this morning. though the bears
soon made drive at New England and forced
it off over per cent; though after the pressure
was removed there was full recovery. The
demonstration had the effect of checking the
upward movement in the general list how
ever and some stocks went back slightly for
the time being. The depression was of short
duration, and, led by Richmond and West
Point the entire list moved up slowly. not
withstanding the weakness shown in lead.
Stagnation was the feature of the list in the
afternoon, but Ontario and Western, Hooking
Valley and other low-priced specialties re-
lieved the monotony by sharp upward move
ments, and late in the day the advance became
per cent on the grant to another COMPANY Of
the privilege of bringing gas into Chicago,
The greater portion of this loss was atterWard
made up, however.
The close was fairly active and strong oener.
ally at the best prices of the day. 1'he final
changes are almost all advances Of fractions
out Ontario and Western rose lX, Richmond
ST. Paul and Canada Pacific IL, Jersey CentrnT
Louisville and Nashville and Missouri Pacific
per cent each. while Lead Trust IS of " and
chicago Gas per cent
Railroad bonds were more quiet to-day. the |
sales of all issues reaching only 81 221 600 and
me only really active issue was Hooking Val
ley o. which contributed Sl0A000 70 the total.