Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-09
MORE BULLISH.
Prospects of Silver Legislation Stimulate
Trading In Wall strest-Operators
Slow Buyers, But Strong Hold.
ers-Vnlues Irregular.

Slow Buyers, But Strong Hold.
ers-Vnlues Irregular.
NEW YORK, July S.-Whtle the stock market
of yesterday was rather unsatisfactory es-
pecially to the lighter bulls, to-day's was more
to their taste in point of strength, but its mar
rowness was even greater. The agreement IN
conference upon a silver bill, supplied the
stimulation for time, but the effect was over
before the end of the first half hour of busi-
ness. The foreigners were taking back some
of the stocks parted with yesterday, but the
limited demand was soon satisfied, and the
dullness in the market became more intense
than at any time during the present depression
in business. Even the silver certificates, in
which the news on the silver question created
some animation. failed to respond with any
advance Of moment, though offers were made
at 106 without takers.
The bears were inclined to make all the
capital possible out of the failure of the mar
ket to respond othe agreement on the silver
question, but while bulls were not inclined to
buy stocks to any extent upon the agreement
they were encouraged to hold on to what they
have, and the bears were deferred from follow
ing up their temporary advantage of yesterday.
The bull leaders speak hopefully of the outlook,
both for silver legislation and a settlement of
the railroad difficulties, which by many are re-
garded as the more important factor in the
movement of prices in the near future. When
these are out of the way the hope is to see the
benefit from the recent large disbursements ex-
pected by the street.
The opening of the market this morning was
rather irregular as compared with last even
ing's closing figures, but the strength soon ap-
peared and the losses of yesterday we're in
many cases recovered before the end of the
first half hours trading. The Coalers and
Sranp6rS received Tiool
wanna, Jersey Central and St. Paul showed
most strength, and were followed by Oregon
Transcontinental and Sugar Refineries. There
were no movements among the specialties of
note and the rest of the list remained as stag
nant as at any time for the past month The
traders covered the shots taking apparently
everything offered, and though there was at
times some selling for foreign account the
operations. sales amounted to little, The ND
ward movement in the Coalers became more
pronounced in the last hour. and Lackawanna
and Jersey Central reached the highest figures
OF the day. The close was dull and generally
steady at about the best prices of the day, The
hnal changes are for Insignificant fractions
generally, but Jersey Central is up TO 2]S and
Lackawanna and Oregon Transcontinental IA
per cent each.
Railroad bonds were very quiet, though the
Atchlson incomes were fairly active, and bus
iness of SS5S,O00 was transacted with but slight
changes as rule. The market was at no time
more than five and the strong tone of the
stock market failed to reach it. Louisville
Government bonds have been duIl and
steady. 'N
State bonds have been entirely neglected.
The Post says: There has been for some
weeks past reviving of the speculation in
New England, by which it has been advanced
from 461s on June 19 to 5l16 by u o'clock to-
day, but there is the same mystery about the
immediate causes of the buying as has always
surrounded the manipulation of that stock.
The business of the road however, is growing,
and it is a foregone conclusion that some time
it will practically be extended by some means
or some connection into New York, and thus
become stronger competitor with New York
and New Haven, but as to when or how this
connection will be made there is no more infor-
matior obtainable now than there has been 20
times before when the stock advanced on some
vague intimation of the kind.
p The following table SHOWS the prices or active
stocks on the New York Stock Exchange yester-
day. Corrected daily for The DISPATCH by
WHITNEY STEPHENsoN, oldest Pittsburg men,
bers Of New York STOCK Exchange. 81 Fourth ave-
nue.: