Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-07-06
CHANGERS ON TOP.
They Lead the Stock Market In Point of
Activify-London On the Bull side-A
Raid on Atchison-Declines

Xhey Lead the Stock Market In Point of
Activify-London On the Bull side-A
Raid on Atchison-Declines
in the Majority.
NEW YORK, July 5.-The stock market was
again moderately active to-day, with the great
bulk Of the business done confined to the
Granger stocks, and the trusts were more
quiet than at any time since their activity be-
gan, only lead showing any special animation.
There was weak tone almost throughout the
entire day. however, and prices tonight are
generally lower. than on Wednesday. The
prices from London this morning we're materi-
ally higher than our closing figures of Wednes-
day, showing that that center was not in SYM
pathy with the downward movement here. and
been bought in that market for American &C.
count.
THIS gave better tone to tie opening deal.
ings. and first figures, while quite irregular,
were generally higher, and the advances ex-
tended to n per cent In the general list, while
Jersey Central was exceptional with gain of
per cent at III, which advantage it afterward
road situation showed no Improvement, low
ever, and with little or nothing doing by COM
mission people on the long side and the temper
of the room decidedly bearish, the advocates of
lower prices were encouraged to make another
demonstration against the list.
The leading bear was on the street, although
he denied giving out any selling orders Arch-
ison was selected as the special point of attack,
and the pressure against the stock was increased
by liberal selling orders from Boston. The de.
cline in the stock did not cease until a loss of
per cent had been scored, and the movement in
It did much to shake out weak holders Of other
stocks st. Paul, Northwestern and Missouri
Pacific came next to Atchison in point of
weakness, and all Of the stocks mentioned
dropped over per cent before the decline was
checked.
The liquidation among the smaller bulls as
sumed large proportions, but the impression
became general before delivery hour
that large lines of shorts had been covered, and
there was change In the tenor of the specula-
tion, and in the last hour there was good buy
quiet but steady at the improvement over the
lower prices There was considerable pressure
also upon Reading, but the impression made
upon IL was small, notwithstanding that the
other coalers, Jersey was strong and Delaware
and Hudson weak.
The other stocks on the regular list. hewever.
were quiet to dull and their movements COM
paratively insignificant In the unlisted de-
partment lead was still active, but there was
no movement except in sugar, which opened
up a fraction and then declined over 2 per cent
but recovered and closed only fraction lower.
The final changes show considerable irregu-
larity, but declines are most numerous. Atch-
ison lost " and Delaware and Hudson l per
cent, while Jersey Is up per cent.
Railroad bonds are dull and as q rule fuctu-
ated within the narrowest limits, marked
changes in quotations being few in number.
ing As displayed any special animation,
furnishing SIS, 900 to the total. Norfolk and
Western Clinch Valley rose to 81, Indianapo-
lis, Decatur and Western hrsts to 9S1<.
stocks on the New York Stock Exchange.
Corrected daily for THE DISPATCH by Whit
ney & Stephenson. members of New York
Stock Exchange, 81 Fourth avenue;