Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-30
SEVEN STOCKS
monopolize Over Two. Thirds of the specu.
lative Business in Wall sfreet-A
Batch Of Disturbing Rumors-
The Standards Hand

Batch OF Disturbing Rumors-
The Standards Hand
seen-Bonds Quiet.
NEW YORK, August 29.-The stock market
to-day was quiet and stcgnant outside of few
leading shares, and while the volume OF busi-
ness done was moderate, over two-thirds of the
entire amount was in seven stocks. These
gave what tone the market possessed, and in
them and a few specialties all the movement
In the market was made. The advance in the
rate of discount by the Bank of England,
though it was fully expected, caused consider
able nervousness in London and some stocks
were sold for foreign account, and bearish
feeling prevailed among the traders here,
which had the effect of opening this market
generally slight fractions lower than last even
fng's price. The declining tendency in the
general list however, was met by the renewal
OF the activity and strength in the Northern
Pacifcs, and the early losses were generally
quickly recovered.
Pacifcs was very pronounced, and was accom-
panied by several rumors, none of which, how
ever, were susceptible of corroboration.
Among those which found currency were one
that the preferred stocks was to be made
per cent stock, and that the holdings of the
oregon Transcontinental had been contracted
for, and one that Mr.. Willard had the capital
lists of the Standard Oil at his back, and that
ne would be able to name the next board of
directors. The heaviest buyers of the stocks
to-day were brokers who usually act for the
Standard Oil people, and this gave some ap-
pearance of truth to the latter rumor. The
Northern Pacifcs were supplanted in the
afternoon by the Southwestern stocks, and
Atchison and Missouri Pacific made marked
gains on large business.
The movement was also the occasion OF cir
culatlon OF numerous rumors, and it was said
Mr.. Gould and Mr.. Huntington will, between
them, own and operate Atchison by the first of
the coming year, but when this met with denial
1t was stated that Mr.. Gould was to go into the
Atchison directory, and that closer relations
were to be established between the Atchison and
the Missouri Pacific. After these movements
had expended their force there was a reaction,
but the heavy further acceptance Of bonds by
the treasury stiffened the market up again in
the last hour, and the close was quiet and
steady to firm generally at slightly better
with the exception of Cotton OIL, were duh,
and moved within narrow limits. The final
changes were evenly divided between gains and
losses, though all the important ones are in the
direction of higher figures. st. Paul preferred
and Oregon Navigation rose 2per cent North
and Atchison and Manitoba per cent each.
There was the usual quiet business in railroad
bonds, the sales aggregating 1894, 900 The Rock
Island 5s were again active, specially cOntribut-
ing SlS0,000 to the total. The market was
steady to firm. The important advances were
st. Paul and La Crosse Is u, to liz; Northwest
ern consols /. to las: Evansville and Indiauapo-
ern lists IL. to sOl4.
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-
nue.: