Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-29
SLIGHT IMPROVEMENT.
Noted In Wall Street, Due to Trouble In Ar.
gentine Republic and Advices From
London-Sugar Re1ueries

noted In wall street, Due to Trouble In Ar.
gentine Republic and Advices From
London-sugar Redueries
Still Lead.
NEW YORK, July 28.-The stock market on
the whole displayed a little more animation
than on the average last week, but the bears
seemed to have acquired courage from lower
prices in London, coupled with the disturb
ances in the Argentine Republic. Prices con-
sequently, are generally slightly lower than at
the close last week. London was a seller to a
limited extent owing to the fortnightly SETTLE
ments, but London is not now either buyer or
seller of American stocks to any amount, and
speculation for the present in American stocks
there seems to be in the same condition that
our market is here.
The lower London figures and the slight
pressure of foreign stocks for sale led to a
trial of the market by the bears, and that is all
there is to to-day's stock market. AS usual
sugar refneries attracted most attention, both
for its activity and weakness the only stocks of
the regular list showing any animation or a
tendency TO follow being Archison and Union
Pacific. and never did the fluctuations amount
TO much. Lackawanna came in for some OF
the pressure late in the day, theory being that
it is no longer supported and must yield read
lily to pressure of short sales.
Among all but professional operators there
is not the slightest disposition to trade either
on one side or the other, and in the dullness as
usual the short side is most inviting to the
traders. The apathy displayed among even
that class of operators however, is remarkable
The bears are working on the theory that be-
fore any material rise can take place there
must be downward movement to invite buy
ing, and hence are from time to time testing
the market in a limited manner, but the sue
cess attending these tactics last week will not
encourage any large ventures IN that direction
unless supported by some outside influence
like that Of to-day The pressure upon the list
was almost continuous to-day, and prices
slowly yielded without material losses except
In the few stocks mentioned, and the market
closed barely steady on a limit rally, with
prices generally slight fractions below those of
Saturday. Sugar, however, was down 2N per
cent, Atchison per cent and Union Pacific H.
Railroad bonds showed considerable sympa-
thy with the decline in stocks, but there was
no marked loss. The tone of the dealings was
generally heavy. with fluctuations as usual
scarcely perceptible. while the dealings lacked
feature of any kind. Mobile and OHIO news
however, rose:2 per cent to lis. but no other
important changes occurred. The trading was
light throughout Government bonds have
been dull and steady.
State bonds have been neglected.
The Post says: The constant market for
silver IN India and China, which has ALWAYS
sustained the price, appears to be reasserting
itself. Bullion dealers now find small profit
in excreGng to London. The returns OF the
New York Custom House for the three weeks
to July ~, show total exports of 1924 900 of
silver and only s76355 of imports. The move
ment of silver at San Francisco is a constant
large excess or exports, the demand being from
China. Even IN June, when the excess of
silver imports at the port of New York was
very large, the exports at San Francisco ex-
ceeded the imports by S3lz949. SO that now
that the movement at the port of New York
has turned to one of excess Of import 1t ap-
pears probable that the normal export move
ment of silver to India and China has been re-
established on the higher range of prices.
The foil wing table SHOWS the prices or active
stocks Id the New York Stock Exchange yester-
day. Corrected daily for The DISPATCH by
~ ehurv rf1Ar M
bers of New York Stock Exchange 81 Fourth ave-