Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-01
TIGHT MONEY
Causes a Slight Decline in Railroad Shares
Wide Movements but no Serious
Losses-Strong and Weak Spots

Wide Movements but no Serious
Losses-Strong and Weak Spots
Bonds Extremely Dull.
| NEW YORK. September S0-The stock
market to-day was generally dull, but few
leading stocks monpolized the interest in the
trading, while the general list was traded IN
over an extremely narrow range, the faVor1tes
made some marked movements. The temper
of the room this morning was rather bearish,
though only for turn, but there was no press
ure to sell stocks, and there was no lack OF
stocks to loan at ruling rates. Money, however,
was made extremely tight and the rate ruled
above per cent all day long with the bulk of
the business done between that figure and
per cent until late in the day when the rate
went up to 80 and at the close was offered at Is.
This was partly due to the calling in of loans
preparatory to the disbursements for the
| October interest and failed to nave the effect
| upon prices which it might be expected to
! have under other circumstances, besides which
the money situation shows signs of improve
ment
The principal influence for evil to-day was
the continued liquidation in AtchisOn and the
VulnerabilIty of that stock to attack. There
was further drop in it to-day of 8 per cent,
| and though the liquidation seems to have run
| IT'S course it had an unsettling effect upon the
rest of the list throughout the day. Sugar
Il
some strength, but fuctuated rather violently
but over a comparatively small range. Among
the other stocks which made wide movements
were Jersey Central, which continued its
extraordinary rise under the influence OF the
indefinite rumors of the Offering OF new stock
to the present holders to retire the per cent
bonds now coming due. Manitoba also reached
/ still higher figures than last week and Man.
haitian made a squirt of 2 per cent, influenced
by the talk in regard to the Exposition of 1892,
which is expected to be of immense advantage
to the COMPANY. The remainder of the list
was quiet to dull, but generally displayed firm
tone.
The opening was made at small declines from
Saturdays closing figures, but the demand for
stocks started the list on the upward tack i'm
mediately after the first sales, but the pressure
upon Atchlson caused a reaction which gener-
ally wiped out the early advances in the first
hour. Prices were maintained in the neighbor-
hood of first figures, however, until noon, after
which the market, while quiet gathered
strength and Jersey Central and the other
specialties gave character to the entire market.
The high rates for money in the last hour
sagged prices off slightly, but the close was
generally firm at the figures. The final changes
are irregular, but for small fractions only, ex-
cept in the few specialties and Jersey Central
rose 81 Manhattan and Manitoba ], while
| hison is down 1A.
railroad bonds were extremely dull, the sales
| beng only S667,00 The dealings were devoid
of feature of any kind and the final changes are
generally of little Importance. Big Four frsts
| lost 2 at 102 Northern Pacific Montana firsts,
at l02 and st. Louis and Chicago firsts, at 10.
The advances included Hooking Valley 5s, 2 at
rs, Ohio Indiana and Western firsts, 23 to 83H,
and South Carolina seconds, ~ at gu.
l. The following table SHOWS tine prices OF active
stocks on the New York Stock Exchange yester-
! day. Corrected daily for THE DISPATCH by
WHITNEY & STEPHENSON, oldest Pittsburg mem-
bersof New York Stock Exchange, 81 Fourth ave-