Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-20
BULLISH TALK
Worked for Its Full Value in Wall Street.
AFew Strong Features. but Near.
ly Everything Closes alta
Fractional Loss.

rfactOnat LOSS.
NEW YORK, June 19.-The stock market to
day was more active. but became weak, espe
cially in the afternoon, and prices tonight are
with but few exceptions, materially lower than
those of last evening. There was a good dea
of bullish talk heard to-day, but there seemed
no disposition to buy stocks, and commission
people reported marked absence of buying
orders. and this encouraged attacks upon the
list, in which the Grangers. under the influence
of further discouraging rumors in regard to the
roads in the Interstate Association, suffered
most severely.
The Coal stocks were especially strong all
the forenoon. but they also yielded later in the
day and finally material declines were estab
lished in all of them. The Oregon shares were
the only group maintaining their firm tone, and
they even scored further final advances. In
addition there was no lack of adyices of dam
age to the growing crops and there was a
fresh statement from President Miller in re.
gard to the charges of the Alton against the
St Paul. while new rumors of the issue were OF
blanket mortgage on the st. Paul. New En-
gland and Atchison were prominent all day
long in the dealings, but gave evidence of
manipulation. which, however, failed to hold
them up toward the close.
Opening prices were extremely irregular this
morning. and the same irregularity was
noticed in the early trading, and while the
Oregon stocks and New England made ma
pathlzed to limited extent In the improve
ment. Dizziness became the most prominent
feature, however. except for few of the lead
ing shares, and the movements were small and
insignificant. Toward noon the pressure to sell
became more pronounced. and New England
and st. Paul led off in the decline. but the re-
mainder soon joined in, and before delivery
hour material losses had been scored all over
the list.
At2P. NJ there was some little reaction, but
the downward course of prices was resumed in
the last hour, and after another slight rally the
market closed fairly active and weak at about
the lowest prices of the day. There were about
26 600 shares traded in the unlisted department.
Oregon Navigation scored rise of IL per cent,
and Toledo, Ann Arbor and North Michigan !,
but Southern Pacific is down 81, Burlington
lss, Delaware and Hudson and st. Paul "
each, Rock Island 2, Union Pacific III, and
New England per cent
Railroad bonds were quiet to-day and did not
sympathze with the weakness in stocks. though
there were some marked losses established in
the list. The general tone of the dealings was
tonight. There was, however very little spe-
cial feature to the dealings. The sales of all
issues reached 81, ,492 600. of which Atlantic
and Pacific As contributed $50, ,00O and Reading
second incomes S13l,000. Erie thirds rose 2, to
1l3; Ohio and Mississippi 5s, 3E. to 9515: Fort
Wayne seconds, ~, to l471S, and Wheeling and
Lake Erie firsts, g. to 1861. Hooking Valley Is
lost 2, at 56.
The following table shows the prices of active
stocks on the New York Stock Exchange.
Corrected daily for The DISPATCH by Whit
ney & St teplenson, members of New York
Stock Exchange, 81 Fourth avenue: