Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-31
SPECULATING In SILVER,
Wall street Interested In the Movements In
Silver-Rnilrond Bonds Improving In
Price and Movement-Gen.
eral Stocks DulI.

eral Stocks Dull.
NEW YORK, July 3l-The influences which,
for the past few days, have been the cause of
comparatively wide movements in the stock
market to-day seemed to have lost their power
to move prices, and the stock market again re-
turned to its now normal condition of dullness
and stagnation. There were few movements
| in some stocks which are affected by causes
peculiar to themselves, but the general list was
dull and stagnant throughout the day. OF
| the movements to-day therein Sugar Refineries
| Atchison, StPaul, Rock Island and Laekawauua
| alone are worthy of notice. Sugar was moved
| up and down over a comparatively narrow
range by the conflicting reports of the con-
| templated reorganization, but it never got as
as much as l per cent away from its opening
| price.
Among the stocks of the regular list the
| strongest may be said to be Rock Island, Lake
| Shore, Wheeling and Lake Erie preferred and
Hooking Valley. The great feature of the
| trading however. was the sudden and decided
strength developed in cotton oil in the after
noon, whereby the receipts were advanced to
3zA and closed at 81, a net gain of ~ per cent
for the day. The market closed dull but firm, at
but slight changes from last nights figures as
rule. the stocks mentioned showing the great
est advances. Inc market continues dull but
firm to strong, and there is evidence thar when.
ever the leading bulls take hold prices will ad-
vance easily. SO that with the more hopeful
feeling now prevalent, an outside following will
result.
Railroad bonds were slightly more active to-
day, the sales aggregating $685. OOG. though
there was no more feature in the dealings than
usual of late. The activity in Atchison in
comes, which furnished SlU7, 900 to the total
was the only important feature in the day
Cairo, Arkansas and Texas frsts rose to lO7
Government bonds have been quiet but firm.
State bonds have been entirely neglected
The Post says: The speculation in silver
bullion continues, and there were sales this
forenoon of 278, 900 ounces, or equal to sales of
about e 780 shares of railroad stocks at par. the
price gong up to Ill, which was the highest
figures touched. 1t is now apparent that the
Secretary of the Treasury must buy l35 900
ounces between the 18th of August and the 18th
of November unless The price goes above
81 90 29l00 per ounce. There Is now stock of
about 1000 900 or 500 900 ounces in sight in the
New York market and vicinity. Heretofore
for, ten years or more the average monthly ex-
ports have been about 100000 ounces, and the
average monthly imports about 500 600 ounces,
thus leaving net exports of say l. 200 600 ounces
per month, or say 100000 per annum for so
long period as TO show that there is constant
market for that much abroad, Whether there
is sufficient stock in the country to flow into
the Treasury at the rate of l3 5000 600 in the
three months after August 13 and still leave
1000 to 0O0, 900 for export in the same time
remains to be seen.
The following table SHOWS the prices OF active
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, 50 Fourth ave
nue.;