Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-14
BROKERS DISAPPOINTED.
The Expected Improvement In the Stock
Market Fails to Materialize-Active
Shares Lower-RailroadB Bonds
DuIl but Firm.


NEW YORK, March 13.-The stock market to-
day was dull and heavy throughout the greater
portion of the time, and prices tonight are
generally fractionally lower than those of last
evening. Notwithstanding the long deferred
acceptance of the craftsmanship of the Inter
State Association by Mr.. Walker, which had
been looked for as the probable precursor of an
upward movement in the stock market, to-
gether with the buying by London of st. Paul
and some other shares, there was marked in
disposition to invest on the long side, while the
bears were encouraged by the dullness to make
another drive at values and they were aided by
the bearish utterances attributed to Mr.. Gould
with the dissatisfaction over the schedule of
prices adopted by the coal sales agents:
The uncertainty in regard to the dividend
upon st. Paul preferred also was a factor in
restricting purchases and this was not re-
moved until the last hour. The fluctuations in
all except few specialties. which were gener-
ally weak, were made within the narrowest
limits, and although the efforts for decline
were persistent there was no long stock of i'm
portance brought out, and the net result of the
days transactions is small fractional declines
only.
The opening was dull but firm, and in some
cases there was but some further slight i'm
provement in the early trading, but the bears
soon renewed their pressure upon the Grangers
and Coal shares and considerable animation
was developed in them with decidedly weak
tone, and declines reached nearly point be-
lore C1e QCWnWaru movement met With d
check. Lackawanna, Missouri Pacific, Man.
haitian and Pullman were the weak spots, al
though Reading and st. Paul led in the amount
of business done. The activity disappeared
and Chattanooga became the feature by reason
of the exceptional strength displayed but un-
til well IN the afternoon the market was in
tensely dull and stagnant.
Another drive then sent st. Paul and Lacka-
wanna down with Pullman, and the lowest
prices of the day generally were reached in
the neighborhood of P. NJ. A better tone pre-
vailed in the last hour and st. Paul preferred
especially made a sharp rally and the close was
quiet and firm at the figures. The great ma
jority of the active shares are lower tonight,
but losses for fractional amounts only, except
in the case of Pullman, which is down IL,
while Chattanooga rose per cent.
The railroad bond market was quite dull to-
day, the sales of all issues aggregating only
s., OH, 900, of which 100000 were In the Rich
mond and Allegheny second certificates. The
tone of the dealings was generally firm, hut
the change in quotations at the close are quite
irregular and generally for small fractions
There was no special feature whatever The
important advances include Burlington, Cedar
Rapids and Northern consol fves 3, to SO; New
Orleans and Mobile seconds 81 to lO5 and
Mobile and Ohio extension skies g. to U.S.
The following table SHOWS the prices of active
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: