Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-25
CONFIDENT AND HOPEFUL.
me street Taking Brighter View of the
market-Sugar Refineries the Principal
stock Dealt in-Governmeur and Rail-
ront Bonds Qnief md RrranR.


STOCK Dealt in-Governmeur and Rail-
road Bonds Qniet and Strong.
NEW YORK. July 24-The stock market
showed little more animation to-day in spots,
put, as yesterday, the attention was concen-
sia.ed , upon sugar refineries. and the large
ueaiings in that stock were sufficient to bring
tne transactions in the unlisted department
again above those in the regular list. The an
houncement that suit had been begun by the
trustees for the winding up of the trust caused
tne expectation that the stock would sell ma
.eriaily higher this morning. and 10 was the
ngure expected
Inere were offerings at that price but no bids
over 'SAc. Sales were affected at 79Hc when
tne traders seeing that there was plenty OF
STOCK for sale by parties waiting for market,
went In to take the market away from them,
and a sharp and sudden decline to 77sac took
pace. The insiders supported the stock at
tnis point, however, and later in the day there
was renewed buying for the long account, sew
eral influential brokers being loud IN their ex-
pressions of opinion of the further apprecia-
tlon OF the certificates.
1he forenoon's trading was marked by ex-
Irene dullness and stagnation in all OF the
regular list with tbs single exception OF New
England, but later there was manifestation
oi confidence and buying was renewed all along
tne line with the effect of more animation and
slightly higher prices for all the active shares.
Inc feeling in the street during the past rev
lew days has distinctly grown more hope1ui,
Notwithstanding the intense dullness and tne
slght hope of any improvement In that respect
Tor some time to come.
line belief is general that the new departure
Oh the Secretary of the Treasury Will meet
with full response and that he will be able 10
get liberal amount of bonds at such prices as
ne VIII be willing to pay. The fact that Io-oay
was appointed the first one upon
which to receive tenders and the accept,
ances were large to-day which was responueu
to in the afternoons dealings with generai
rise all along the line and more ANIMATION.
For the time being the market certalhly
showed a tendency to broaden. The afternoon
rise was continued we'll into the last hour,
when realizations compelled some reactlon,
though only in sugar and New England was
there any material setback. The market,
however, closed barely steady on the reaction,
but generally at small fractions better tnan the
opening figures. The loss on New England
was ~ per cent, but Citizens Gas rose l75
but other changes are for small fractions only
Railroad bonds were very quiet, tnough
there were larger number OF issues traoeo IN
than usual of late. The important changes In
quotations, however, are as usual in the lnacl-
i've bonds, and the movements among those
which are traded in from day to day are III
almost all cases insignificant
Government bonds have been quiet Dut
strong
State bonds have been neglected.
The following table SHOWS the prices or actlVe
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-
nue.: