Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-12-13
SUGAR POUNDED.
The Saccharine Trust Left Without Sup.
port md sells Oh-Easy Money of
No Special Help 10 Rail.
r0ad Sharea


road Shares.
NEW YORK. December 1.-THE dealings in
the railroad list in the stock market to-day
were smaller than for any full day for some
time past, and the fluctuations were on the
same limited scale. the apathy of the traders
making market which, without the co-opera
tion of the bears, would have been as devoid of
feature as ON any day in midsummer, Money
ruled easy at from 4@6 per cent, but outside of
| the few purchases by London there was no dis
! position to buy, and the bears being still wary
of selling the general list, again confined their
| operations to few stocks which they found
vulnerable.
There was some buying of Western Union in
the early portion Of the day. which looked like
covering of shorts, and on which the stock
moved up and reached fractionally better
figures than on yesterday, but the demand was
soon satisfied and the stock sank back into
dullness and moved with the rest of the list.
New England, Missouri Pacific and ST. Paul
were the only sto cks OF the regular list, other
than Western Union, to show any animation,
and the first named sagged off slowly through
out the day, but its extreme huctuation was
only "a per cent.
seemed to have absolutely no support whatever
and was weak without interruption from open.
ing to Close the bears having no dificulty in
selling it OF from 81 to 56N; The Coal stocks
v
tention from the bears, and while the pressure
was again very heavy against the Reading
it was more upon Lackawanna and large
amounts of the stock changed hands at steadily
declining prices. Among the specialties Chicago
and Illinois preferred developed again marked
weakness and was sold down from 86I< to 83L.
but there was no other feature whatever in the
regular list. Cotton Oil showed marked strength
in the forenoon, but lost all of the Improvement
later in the day.
The opening was steady and tame, and after
the first sales the strength in Western Union
served as a support to the general list. while
Sugar Immediately began its downward march
There was slight rally in 1t toward IL O'clock
but it was the last for the day. Its downward
course was thereafter uninterrupted, The reg
ular list soon felt the effects of this steady
downward movement, and the early strength
gave way to q dropping tendency, which finally
wiped out the small improvement and the
market closed quiet but heavy generally at
shade under the opening figures.
Railroad bonds continued to show mod
crate degree of activity, notwithstanding the
dullness in shares, and the sales to-day reached
81, ,557 0OO of which $4,000 were in Cuff Colo
RADIO and Santa Fe hrsts. The market was
quite Irregular and the bonds above mem
toned were one of the strong features.
The Post says: The earnings of ali the Van
derbit roads, including the Cleveland Column
bus Cincinnati and st. Louis, have been SO good
that they have been steadily absorbed for in
vestment Both New York Central and Lake
Shore are sure TO declare their extra / per
cent dividends this month, while there are
reasons to expect some favorable change In the
Michigan Central dividends.
On the other hand the Coal stocks are feeling
the effect of the continued mild weather. which
is leaving them without the usual demand for
coal and though Lackawanna and Hudson will
pay their usual dividends anyhow, the poor
prospects Of the coal trade have undoubtedly