Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-21
SATURDAY SLOWNESS.

Sugar Trust Stock M0nopolizes the Market
and But Little Else Was soid-LarEe
shipment Of Specie for the Week.
NEW York, July 19-The stock market Of
to-day was q fitting tender for that of yester-
day, as only q, go shares marked the dealings
in listed stocks and q. .o99 of unlisted stocks of
which Sugar Refineries furnished 20,793. A
market in which Reading furnishes only 100
shares Northwestern nothing, Lackawanna
only 300 and when the largest sales in any one
stock is only 30S0 shares and that a speciality,
the trading calls for little comment.
The interest of the day was centered in the
dealings in Sugar Refineries, Silver Certificates
and Citizens Gas, of Brooklyn. Sugar contin-
ued its rise Of yesterday upon the favorable de-
cision of the general term and scored a further
advance Of IL per cent to 7751, but at that
figure plenty Of stock came out, and it retired
quickly to 75x, and after some fluctuations of
small fractions finally clio ed at its lowest point.
reached 109ss. The general list presented a
firm 'front.' but failed to move except slight
fractions. Rock Island and Louisville and
Nashville were rather strong, but their move
finally closed intensely dull, which even the
bank statement, with its comparatively small
loss in surplus reserve, failed to move, at about
the opening prices. The final changes are in
no case for more than q fraction, Sugar being
down IL
Railroad bonds were dull and steady, as
stocks and the business reached very few is
sues in which there was nothing ofinterest
whatever. The dealings reached only 1852, 600.
Government bonds have been dull and heavy.
State bonds have been entirely neglected.
Exports of specie. from the port of New
York last week amounted to s2 40 ISL. Of
which $2328, Isl was in gold and $l42, 600 silver
The imports of specie for the week amounted
to sl40, S38, of which s9S,07 was in gold and
S42.781 silver.
The Post says: The railroad earnings as now
shown for May are the most favorable for
several years. and for 1A roads show a general
increase Of the net earning Of nearly 16 per cent
over the same month last year. These features
o. the situation, and the prospect that the West
ern railroad managers will come to some kind
OF an agreement to advance rates. have sus-
tanned the market against the depressing
effect of the exports of gold and the more de-
pressing apprehensions of financial troubles in
London In consequence of the possible decline
in South American and other foreign securi-
ties. The struggle to maintain the credit Of
would advance its rate of discount, has created
rather strained position of affairs there, not
fully represented by the market rates for money.
Its most visible manifestation was pretty
general cessation Of speculation and waiting
attitude to see what would be the result.
London has not sold many American stocks,
but there has been NO buying from that quarter
and the fact that prices have been so well
maintained under such circumstances shows
the stocks are In very strong hands,
The following table SHOWS the prlces or active
stocks on the New York Stock Exchange yester-
day. Corrected daily for The DISPATCH by
WHITNEY STEPHENSON. oldest Pittsburg MEM
oers of New York stock Exchange. 81 Fourth ave-