Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-29
GOULD'S HAND
Again Seen in Wall srreef-Rnilroad Shares
Weak and Feverish, Closing Lower
Sugar Gets Black Eye
Esrr,,

Bonds Firm.
NEW YORK, October 2S-The stock market
to-day was quiet 20 dull and feverish and gen.
orally weak throughout most Of the day and
except for few stocks which received support
the entire list is lower tonight than on Satur-
day. The same favorable influences were still
at work to-day to cause further improvement
in values, but the small surplus shown by the
banks on Saturday after Wholesale contrac-
tion of loans was somewhat disappointing to
would-be buyers, while the demand from West
ern centers for money still continues. The
Reading statement of earnings for September
was also quite disappointing and caused dis
position to sell the Coal stocks, which early
made Reading and Lackawanna especially
weak and factors for depression in the general
list
Mr.. Gould was out in an interview, in which
rather hopeful ideas were given expression to,
and this made the Gould stocks somewhat
stronger than the general list after the Wander
bilts but the disposition to buy was effectually
checked and the bears again lit upon Sugar,
while the tendency to still discuss the North
Western-Union Pacific agreement in an un-
favorable light aided in making the Changers
weak and feverish. Denver, Texas and Fit.
Worth continued its advance in the early trad
ing on what seemed to be inside orders, but 1t
later collaDsed completely and led the decline
which became more general and at the
close for no apparent reason it shows one OF
the most important declines of the day. This,
with the continued weakness in Sugar, weak
ened the rest of the list, and toward the close
the downward movement became more pro-
nouuced,
The opening of the market was active and
irregular, but the first tendency of prices was
downward, especially the Coal stocks, aud
though the movemenr was arrested for awhile,
Sugar Joined the downward movement and the
entire list, while growing dull, was feverish and
weak. The Vanderbilts and Gould stocks
and Ft. Worth, but after IL o'clock even these
stocks gave way and in the most cases the inn
provement was lost in the forenoon, while
Denver, Texas and FIT. Worth became the lead
ing weak point.
The others Welded slowly but steadily, and
the market finally closed quiet and weak at
about the lowest prices of the day. The entire
list is lower, with few unimportant excep-
tions, and Sugar is down 21S, Denver, Texas
pealle and Ohio seconds preferred, Burlington,
Transcontinental and ST. Paul per cent each.
Railroad bonds were again moderately
active, and in general showed firm front. es-
pecially in the forenoon, but later the list
weakened in sympathy with stocks and many
declines were established The conspicuously
weak feature was the Kansas and Texas issues
on the less favorable aspect of the reorganiza-
ton scheme and all three issues are down
per cent. The sales reached 81, ,494 GOO. out of
which the Texas and Pacific seconds con-
tributed S2OS,0 600 the Kansas and Texas Sl03 000,
and the Fit. Worth and Denver hrsts Sl02. 600.
The following table SHOWS tine prices or active
stocks on the New Y ork Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
bers of New YORK Stock Exchange, 81 Fourth ave-
nue.: