Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-07-25
BEARS ON A RAID.
They Attack the CoaI Stocks, but Make No
Particular Impression-Chanees Small,
bur In the Direction of Lower
Prices-Rcuds Fenfur,ya..

NEW YORK, July 24-The stock market
showed no signs of getting out of the rut of
dullness into which it has fallen, and the trans
actions to-day were on the same limited scale
as usual of late, while the tone of the market
which was strong at first, became weak later in
the day and the early gains were lost The
market followed the lead of London at
the opening, and first prices were generally
from N to "a per cent higher than last evenings
figures, but the strength soon gave out and for
the rest of the forenoon there was dull and
unsatisfactory market without feature or ami
nation. The most prominent characteristic of
the market was the buying of London houses
and their purchases are estimated as high as
5000 shares, but the enthusiasm of the local
operators soon abated and after the first de-
mand had been satisfied dullness and stagnati0n
was the order of the day. Chesapeake and
Ohio first preferred was the only really strong
stock. and after rise of about per cent it lost
most of the Improvement The Cleveland,
Columbus. Cincinnati and st. Louis stocks were
also active, but their movements were confined
to narrower range than during the past few
days.
In the afternoon the bears made demonstra-
tion against the Coal stocks and Reading in
particular, the rumOr being that the earnings
for June, on account of the late foods would
show decrease of from s2500O0 to 100000.
The impression got abroad in the room that
long stock was coming out which started the
traders, to selling. and the stock was knocked
down II per cent, to 425z. The other Coalers.
selling extended to other portions Of the list.
the Grangers coming in for liberal share of
attention, though st. Paul was well held at the
close to the best prices of the week. There
was an effort to recoup the sales of the prevI-
GUS hour toward the close, and sharp rally oc-
Cured. Reading reacting q and others in pro-
portion. The market closed dull. but firm. at
fractional losses for the day. The final changes
are somewhat irregular, but generally are in
the direction of lower figures, and for fraction
al amounts only.
Railroad bonds continue to show a small
volume of business, with no feature to the
dealings. The sales of all issues to-day reached
only 1854, 900. of which Sl09,O00 were in the
Hooking Valley fives The temper of the mar
ket was somewhat stronger than of late, but
there was no decided tendency OF prices in
either direction, and the final changes are
irregular and generally for small fractions only.
Hooking Valley fiyes rose 2, to e61S; Indianap-
oils, Decatur and Western seconds, q to 40, and
Green Bay incomes, ~, to III. The strength
OF the last nameu bonds was due to the new
plan of building Southwest extension, and by
SO doing to get business enough to save the
road from bankruptcy.
The followine table shows the prices OF active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY a SrEPHENsos. Oldest Plttsburg MEM
bers OF New \ ork Stock Exchange, 81 Fourth ave-
nue.: