Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-01-11
CHANGES IN WALL STREET
Sugar Trust aud Reading MonoDolize the
Attention of Stock specuIatOrs-The
Former Reaches Low Water
Mnrk-BOuda Steady.

HInrk-BOnda Steady.
NEW YORK, January I0.-In the stock mar
ket to-day, and especially during the forenoon,
the entire interest In the speculation was mo-
nopolized by Sugar Rehneries and Reading
stocks. the remainder even of the coal stocks
being dull and uninteresting, with extremely
narrow fluctuations. During the day the trad
ing in the leaders Stacked of, and many of the
specialties were taken in hand and material
advances were established on much larger
business. which extended to the general list.
The opening of sugar was made at last nights
price of 11sc per cent, on the announcement
that an Injunction had been obtained against
the payment of any more dividends or the con-
veyance of any of its property to any other cor
poration, and the lowest price ever reached
was touched. The treasurer of the Trust soon
came out with q statement that the late asser-
tions IN regard to the comparative output OF
the Trust refneries and the independent ones
was erroneous; that there were no funds at
present in the hands of the trustees, and that
there was no intention of conveying any prop
erty, while the injunction was only temporary.
The traders thereupon proceeded to cover their
shorts upon the ground that all the bad news
was out, and in the afternoon when the
market assumed more healthy appearance, 1t
rallied ~ per cent
A drive was made at Reading in the early
dealings but its price was forced of fraction
only, and some of the large foreign houses ap-
peared with buying orders, which gradually
lifted its price above 81. The demand resulted
in more activity for the stock though there
was plenty Of it for sale. The declines in the
incomes failed to have any appreciable effect
upon it however. Among the speclalsies Chi
cago Gas, Texas Land Trust, Toledo, Ann
Arbor and North Michigan, Wheeling and Lake
Erie preferred and at times Wisconsin Cen
trail and Colorado Coal were prominent for
strength as was also Consolidated Gas on the
rumor that large block of the stock had been
taken of the street by an investment interest.
In the unlisted department Illinois Coal and
Coke continued its steady advance upon mod
crate business. The general list after opening
of fractionally. generally recovered these
losses in the afternoon, and the close was quiet
but firm at fractions better than the opening
figures. Money was easy, but showed q stiffen-
ing tendency. The list tonight is generally
higher. Delaware and Hudson which became
prominent in the last hour rose 2&, Texas Land
Trust ~, Wheeling and Lake Erie preferred
lss. Chicago Gas ~, and Toledo, Ann Arbor
and North Michigan and Sugar refneries each
per cent
Railroad bonds were less active, with gen.
orally steady tone while among the active
bonds there was considerable irregularity the
Reading and Kansas and Texas issues being
specially weak, while others showed marked
Improvement in many cases. The business
done reached 81, ,695 O00 of which Wisconsin
Central incomes contributed SlO9, 900. New Jer-
sey Mldlands rose to u5. Reading firsts lost IL
the seconds 2 at 4916 and Ohio Southern in
comes 4 at 55
The following table SHOWS the prices OF active
day. Corrected daily for THE DISPATCH by
WHITNEY STEPHENSON, Oldest Pittsburg mem
oers OF New YORK Stock Exchange. 81 Fourth ave-
nue.;