Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-25
FRACTIONAL LOSSES
Sustained in Railroad shares as Result
of Bear Raids-London Dumps Union
Pacific and Other Specials

of Bear Raids-London Dumps Union
Pacific and Other specials
ties-Bouds Very Dull.
| NEW YORK, October A-Tbe stock market
was less active to-day, especially In the after
noon when the bears ceased their hammering
operations, but the temper Of the dealings was
| irregular and feverish, but rather weak
| throughout most Of the day. Considerable
bullish feeling was engendered by the an
nouncement of the traffic arrangement between
the Union Pacific and the Northwestern, but
damper was put upon this when London turned
mp as heavy seller of Union Pacific and other
specialties. The explanation offered was that
the pool which had bought Union Pacific at
| much lower figures was realizing on the ad-
| vance.
| The selling checked the buying for the time
being, and the bears and traders came into
complete decentralization, but there was still
| demand for stocks, and the market became
| feverish within narrow limits for most OF the
| list Kansas and Texas was almost entirely
neglected to-day, and its dullness was in
marked contrast to its sudden activity yester-
| day. Considerable pressure was brought TO pear
| upon the Grangers, though it was not until the
| last hour that any important impression was
made upon any of them, when Rock Island
| yielded materially, and is the only one showing
a material loss among the stocks of the regular
| active list.
| : The efforts of the bears were again directed
| against Sugar refinerIes, and, aided by the an
| nouncement of the opposition to the trust, they
| were enabled to make a sharp decline in that
| stock, though it recovered several times.
| Missouri Pacific was sufferer from the at
| tacks of the bear combination, and 1t was
| broken over l per cent, but recovered por-
| tion of the loss before the close. At the open-
| ing prices were materially higher than those OF
| last evening, and advances extended TO "a per
| cent but after further slight improvement
| reaction occurred, and Burlington, Union Pa
| cifc and Sugar led the upward movement,
| which, however, ceased after the first half
hours business.
The market became more quiet. and prices
| recovered most of the losses. Later there was
| another attack upon Sugar; and the stocks of
| the regular list declined fractionally in SYM
pathy led by Missouri Pacific. This raid came
| stronger tone was shown and the market be-
| came devoid of feature, finally closing quiet
| and fairly steady at fractional losses for the
| day. Sugar tonight is down ~ and Rock
| Island ~ while Denver, Texas aud FIT. Worth,
whichtwas the only strong feature OF the day,
| is up II
Railroad bonds were generally dull, but the
| heavy trading in Kansas and Texas 6s which
| figured for $4,000, and the Ft Worth and
Denver lists, which furnished Sl22 00O out of the
| total days business of 81, l62, 600, made some
| animation in the market. The tone of the deal
| ings was stronger than usual of late, and mate
rial advances were scored IN several issues, Ft.
| Worth and Denver lists being the feature.
The following table SHOWS the prices or active
| stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY & STEPHENSON, Oldest Pittsburg MEM
| bers Of New YORK Stock Exchange, 81 Fourth ave-