Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-22
NEW YORK STOCKS.
Stock Market Opens Dull, but Becomes Firm
and Closes Strong = Speculation as
to the Sugar Trusts As

NEW YORK, October 2l-The stock market
to-day was dull. with the usual active spot and
irregular movements. but ending with a strong
tone and generally fractional gains over last
nights prices. The opening was quiet, and at
irregular but slight changes from last nights
figures, but firm tone was developed in most
of the list, last nights movement being con-
t1nued, but there was little feature to the
trading. the demands soon stacking away
There was an 1ndisposition to trade among the
professional element, the uncertainties of the
situation making waiting attitude for the
time being, and dullness soon became the
ruling characteristic of the market.
The bears continue to feel the market at
every opportunity. and the dullness this morn
ing was taken advantage of to raid Iacka-
wanna and the Grangers. of which only Bur-
lington was found specially vulnerabl The
contest in Sugar Refneries was continued with
some little advantage to the bears In the early
dealings, but the stubbOrnness with which
prices were held outside of the few stocks men,
toned caused a cessation of the efforts before
noon, and dullness again became oppressiye
The supposed selling for foreign account in the
past few days. together with the poor showing
of the bank statement last Saturday, and the
fear that complications in Sugar Refneries
would act unfavorably upon this market. has
deferred operations for the long account, but
the hesitation of the hears brought i'm more
good buying in the afternoon. and on A very
limited business prices were advanced slowly
but steadily throughout the remainder of the
day. sugar Renner1eS was prOni cent in the
movement at first, but it failed to hold off the
Improvement. the higher prices bringing out
considerable stock, and the advance was par.
TALLY lost.
The Willard stocks then became the feature
OF the market, and the Northern Pacific pre-
ferred and North American were both leaders
In activity, while they represented decidedly
strong front, both touching materially higher
figures than at any previous time of the day
Rock Island followed the manipulation in the
bonds, and after early decline recovered all
of the loss and fraction In addition.
In the la dealings Louisville and 81. Paul
were prominent, and the latter touched 60
again, Am"ng the speclaties Hooking Valley
was the only fea ure. The market finally closed
quiet. but firm at or near the best prices of the
day. Ihe nnal changes are almostat the frac.
tional gains, but Northern Pacific preferred is
up IA, and North American and Hooking Val
ley each per cent.
The railroad bond market was enlivened by
bear manipulation of the Rock Island IS, which
declined to 9915, but later recovered most of the
loss. The other speculative issues were quite
neglected. and the dealing presented no feature
OF Interest, and the final changes of note are
unusually few. The sales reached $3.50, COO but
no activity was seen iu any special issue.
Government bonds have been dull and steady
steady.
The Post says: There was a rumor yesterday