Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-24
HOLD THEIR GROUND.
Wall Street Resists n Bsnr Attack, and
Shares Steadily Appreciate - Opera
tors Watching and Waiting on
Movemenfn nj Wa bin Rton.

NEW YORK, June 22-The stock market to-
day was quiet. but in the main strong, with a
slow and steady appreciation of values through
out most of the day. The waiting attitude of
operators is,still maintained, but moderate de-
mand from the shorts, with limited quantity
of long buying was sufficient in tho absence pf
any marked pressure by the bears to make frac-
donally higher figures for most of the list.
There was short and feeble attempt in the
early dealings on the part of the traders to get
prices off by sharp attacks upon a few stocks,
but the effect was not Of much Importance, and
the raid was soon given up. The attention of
the street is at present centered upon Wash
ington, ana the prospects of silver bill at this
session. and the possible changes in the sugar
tariff are of most importance for the time be-
ing. Sugar Refneries opened up ~ per cent,
and afterward appreciated about per cent
more. The trading was large both in the num-
Der of transactions and the aggregate of the
number of shares which changed hands, but
the extreme fluctuations were not to be COM
pared with those to which we have become
accustomed in this stock.
In the regular list Chicago Gas and c., G., c.
& st. L. were the special objects or the early
pressure, and each yielded per cent, but upon
the cessation of the hammering full and rapid
recovery took place. while the rest of the list
which had sympathized to only a limited extent
in the decline was soon placed above the level
of the opening prices.
The news of the day was not of particularly
important nature, aud while the feeling that
the coming meeting of the railroad magnates
in this city must be productive of good to the
market there was no disposition to take hold in
vigorous manner. The expectation, however,
is to see more active and higher market after
the first of July, fair estimate of the dis
bursements at that time being $50, 900, 600. a
large proportion of which is expected to come
into Wall street. AS to the relief to the street
from a silver bill, however, there is growing
feeling of indifference, and that no legislation
is preferable to free coinage.
The close was quiet and firm, but something
off from the best prices in most cases. Atchi-
son and Missouri Pacific were the strong feat
ures and there is talk of a traffic agreement be-
tween them. The final changes are in large
was up 23Ic, Atchison ~ and Missouri Pacific
per cent the last named selling ex-dividend
of per cent.
Railroad bonds were very quiet and remained
without feature throughout the session, al
though the usual firm tone was maintained and
most of the changes in quotations are in the dr.
rection of ehigher prices They are, however,
generally for insignificant fractions only. The
sales reached S725,0O0 without activity in any
part Of the list.
Government bonds have been dull and steady.
DState bonds have tsen neglected.
The Post says: The reduction of IL per cent
in the demand and 60 day rates for sterling on
Saturday put them about i per cent below
the rate at which gold could be exported with
out loss. But to day the demand rate is up Il
cent again. and the result Is that the diffe renee
between the two classes of bills is widened to
more nearly represent the 90 days interest, In