Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-11

but after the business was resumed in the
AFTERNOON the rate went up rapidly ana pre-
MUM was again demanded. u per cent and
legal interest being the extreme rate. The
nquidatlon has been so great on SATURDAY ana
to-day that the disturbance of loans necessarily
ioiowed which caused some demand 1cr money,
put as soon as the shifting OF loans Is over tne
street will tnd money more abundant ard OF
course at lower rates. The railroads have FULLY
reallzed the necessity for restoration Oh
rates. and arrangements arc now under way TO
effect an equitable understanding. This ad-
vance IN the rate caused another throwing over
OF stocks bought in the rally in the first ha.f
hour's business done in the afternoon. Inc
lowest prices of the day were generally reached.
AT the lowest prices to-day Manhattan was
down s: Sugar 61s; G. C. c. & St L, 61a: st.
Paul. 5ss Jersey Central, ~; New England.
New York Central. 81; Northern PACIFIC pre-
ferred, 81; Louisville and Nashville, 5ss; West
ern Union, 5A. and Burlington per cent.
u;ly Inc only strong features were Lake snore,
wheeling and Lake Erie and Northwestern.
The first named was bought by insiders and the
second is held firm on tie announcement of the
completion of the Steubenville extension. AT
the low prices reached. however, there was
good buying noticed all along the line, and the
effort to pick up good stocks was most ap-
parent. This changed the room trading ele-
and during the remainder Of the afternoon
there was sharp and vigorous upward move
ment which was sufficient to bring prices on
the average about half way up to those OF Sat
prominent in this rally and Manhattan reached
49, and several of the stocks which had been
well held again passed the opening prices. Late
IN the afternoon, however, sharp break IN
Sugar. which was discovered to have been left
without support, caused another rush to realize
the profits accrued upon the afternoon rally.
and some stocks among which were the st.
raul and some others, went down again to the
lowest figures of the day. The market closed
weak and active at or near the lowest points.
The final losses are very material and uniform
and ST. Paul is down 55S Pacific Mail and New
England each 5, Sugar Az, Louisville AZ, c., c.,
Q. q ST. L. "A. Erie 81. d orth American and
Lackaw anna each 81, Northern Pacific pre-
ferred 27s, Jersey Central 211, Rock Island 2A,
fic 214.. Aichison 20, Richmond and West
Point 20, Canada Southern and most of the
active list over per cent.
There was little more business in railroad
bonds than usual of late. but the character of
the dealings did not change, and the huctua-
tions in most issues were confined to small
fractions. A few of the leading bonds, how
ever, showed marked weakness and a few
material Losses were sustained. The Texas
Pacific issues. the Reading issues, and the
Kansas and Texas issues were most prominent
in the trading and all were decidedly weak;
Reading first incomes losing ~ at 56H the
thirds. 21a at 361l: Atchisou incomes, 81 at
494. The st. Paul issues traded in were also
specially weak and many others showed
material losses at the close of the day. The
total sales reached Sl,5l4.00O. Government
bonds have been dull and heavy. State bonds
have been dull, and without feature.
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 mem
bers of New York Stock Exchange, 81 Fourth
avenue: