Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-16
MONEY AGAIN TIGHT
And Railroad Shares Irregular and Weak
"A Sharp Attack ON the Sugar
Trusf-Cotton Oil Strong
Final prfcoa


Final Prices Lower.
NEW YORK, October 15-The stock market
to-day was more active for the regular list but
quiet for the trusts, the business done in the
unlisted stocks being confined to only four OF
them, and only about one-half what it was yes
terday. There was great irregularity in the
market throughout the day, and stocks were
moving IN opposite directions in different parts
OF the list at the same time almost all day long.
Money was in more urgent demand, and the
rate on call went up to IL per cent at one time.
while the bulk of the business was done at Go
7per cent
The bears were more active and decidedly
aggressive to-day. and their operations were
almost entirely responsible for the changes in
Quotations that were made, and while Missouri
facific was the principal point of attack, such
stocks as Louisville and Nashville, Union Pa
clfic and the Gould specialties received special
attention. This weakened the general list, and
the result of the days operations is generally
to leave prices fractionally lower than they
were, were last evening Atchisol sold e1Lgets ng ~
me stock, however, was quite strong, spec
lally in the early portion of the day, upon the
announcement of the organization plan, and
heavy Boston buying orders were said to have
been received. while for time the stock was
IN great demand in the loan crowd at l-6i pre-
MUM.
NiOfcidnu, OOluuUus, CluCluudtA onU o@
Louis and Chesapeake and Ohio seconds pre-
ferred were also prominent bull cards in the
forenoon, but realizations at the Improvement
gave an opportunity for considerable hammer
ing of the regular list, and these advances were
almost entirely wiped out at the close. Atchi-
son not only lost all its early advance. but
scored a decline in addition. Missouri Pacific
was the feature of the market, and pressure
upon 1t was specially severe from the start, and
from ~ at the opening it was forced off with
frequent slight rallies to $50, but it recovered
to 69H at the close.
The other Gould properties were weaker, and
Manhattan and Western Union especially suf-
fered. In the early morning, when the railroad
list was strong throughout, the attack upon
Sugar was continued, and all the old rumors in
regard to the property were reiterated, with
761 last evening, but it rallied quickly when
the railroad list became the objective point of
the bears and was brought up again to the
opening figure though it lost portion OF the
improvement at the close. The other trusts
did not sympathize with it to any appreciable
extent. and Cotton Oil was positively strong in
the early dealings
The market continued heavy to weak
throughout the afternoon, and finally closed
rather heavy at the lowest prices of the day.
The list is almost invariably lower this even
ing, the advances being few in number and for
Insignificant fractions while Sugar is down 2
Manhattan like amount Missouri Pacific ~,
Louisville and Nashville " and Atchison and
Canada Pacific per cent each.
Railroad bonds were quiet and devoid of spe-
cial feature.
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY STEPHENSON, Oldest Pittsburg mem-
bers Of New York Stock Exchange, 81 Fourth ave-