Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-12
STOCKS MOVE DOWN,
Operators for Rise Do Nothing. Leaving
Professionals and Bears TO Make
Prices - Nearly Everything
CIoaea at N Decline.

NEW YORK, October 1.-THE stock market
continued to show moderate volume Of bust
ness to-day, but was comprised in about half
dozen stocks which furnished about three
fourths of the business and all the important
fluctuations. The remainder of the list were
quiet and feverish within narrow limits as
usual of late. The operators for rise were
doing nothing apparently, and the bears and
professionals had the making of quotations all
to themselves, and their efforts were directed
to the few leading stocks in which marked de-
clines were established, but upon the with
drawal of the pressure material rally quickly
ensued. The pressure was directed principally
against Missouri Pacific, New England and
Sugar Refineries, while Atchison was bought
freely under cover of the depression in the
other stocks,
To further the decline in Missouri Pacific
which seemed to bear the brunt of the attack,
story was put out that the company intended
to issue about sS 900 900 of bonds for extensions
and other improvements. Mr.. Gould was alb
sent from the city, which fact may have been
taken into consideration when the story was
put FORTH and no denial OF the rumor was had
until late in the day, when the mischief had
been done. New England was attacked with a
renewal OF the old story of a further issue of
preferred stock. and met with an official denial
Sugar was hurt by the disposition to anticipate
an unfavorable decision in the case of the
North river refinery, and rumor that it had
been made broke the stock per cent, while
denial brought the price up about the level of
the opening price.
A drive was made at st. Paul with only frac-
tional effect, and marked weakness was de-
veloped in Oregon Transcontinental on rumors
that suit would be brought by the stock
holders against Mr.. Willard to compel an ac-
counting. Other stocks were specially weak,
and Cleveland, Columbus, Cincinnati and st.
Louis and Louisville and Nashville were con-
spicuous at times. Considerable pressure was
brought against Cotton OIL i'll the early dealing,
but the resistance was too strong and a rapid
rally followed, though the whole of the i'm
provement was not retained at the close Rock
Island was notably strong and recovered hand
somely from the depression OF yesterday, again
crossing par, though it also was unable to hold
the advantage.
Sugar opened at s411S against s4zs last evening
at S23s. Missouri Pacific opened down "A at
~ and was forced off to 6S5z, recovered to
7O135, but closed at 695z. New England was *
lower at the opening at 46, dropped to 1874 and
rallied to 40M closing ut 40 Atchison was
strong from the outset and rose from 2611 to
2SH and closed at 281s. The list Is almost
invariably lower tonight the only marked ex-
per cent, while Sugar is off ~ Missouri
Pacific ~, New England and Transcontinental
1as each, Louisville and Nashville and Big Four
per cent each.
Railroad bonds were less active to-day, the
sales reaching only S700, 900 and the trading
was entirely devoid of features of any sort.
The following table SHOWS the prices OF active
day. Corrected daily for THE DISPATCH by
WHITNEY & STEPHENSON, Oldest Pittsburg mem
bers Of New York Stock Exchange, o. Fourth ave-
nue.: