Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-11
NEW YORK STOCKS.
Dizziness and acknowledgements and
state Bonds Heavy-No Life In the
streef-Four Per Cent Bonds Pre-

State bonus deavy-N0 Lille In the
street-Four Per Cent Bonds Pre-
seurpd Mt the Snb- Treasury.
NEW YORK, September 10-The dullness in
the stock market has been most marked to-day,
though in most stocks which have been promi.
nent through the attention paid them by the
bears in their efforts TO get prices off, were
comparatively active and showed considerable
movement, while in the general list stagnaHon
was the order of the day. The rally of yester.
day was still in progress at the opening of busi-
ness, and materially higher figures were
reached in some cases. but the confidence in
the future, which has of late received such Sc
we're setbacks, was not sufficient to continue
the buying until prices had been put upon a
materially higher plane.
Rates for money were still abnormally high
and served to check the propensity to invest
upon the long side, but the news that large
amounts of the 4 per cents were being pre-.
sented for payment Of the interest and stamp.
ing put damper upon the aggressiveness of
The bears as the afternoon wore along.
There was no news of character to have
any material influence upon the course of
prices. and. after the first demand had been
satisfied. prices settled back again and dullness
and stagnation soon overspread the whole mar
ket. even the leading stocks becoming quiet
and motonless with the rest of the list. Chi
compromised its differences with the city, but
had had to reduce the price of gas from 81 25
to 81 per 1000. This was of such a neutral
character that it took all the life out of the
stock, and from the leading active speciality it
subsidized into the most profound dullness, with
no movement in either direction. The ST. Paul
earnings for the first week In September were
well received, and the effect was similar to
that in Chicago Gas, but the pressure was still
kept up on Burlington and Quincy, and in the
afternoon that stock was hammered down to
something below its opening figures
The tndustrials were almost neglected. The
general list developed no feature of interest
throughout the day, and the close was dull and
heavy at the close to the lowest prices of the
day, the declines being for fractional amounts
only, and q per cent limit. The earnings con-
ports in to-day for the first week of september
show the following percentages of increase
over those of last year:
St. Paul. 2: Iowa Central. 9; Wbes!Ing and
cific, 2: Toledo Ann Arbor and North
Michigan, 20 and Louisville. St. Louis and
Texas, 49,
Railroad bonds were little more active
through large sales of Oregon TranscontI-
mental 6s in the last hour, which amounted to
STA 0OO helped to make up the total to S822. 600
for the day. The market was quite irregular,
and while the general list showed only slight
and insignificant change, the few important
movements were very irregular.
Government bonds have been dull and heavy
in the As State bonds have been dull and
heavy
The Post says: Up to 2:3O o'clock over s1275O,-
600 of the registered per cent bonds had been
presented at the United States sub-Treasury in
New York for the prepayment of the three
fourths of the interest due respectively on
January !. April | and July ]. 1891, thus calling
for $3.50, 500. which would otherwise have been
held in the Treasury until the dates mentioned.
The payment Of the quarters interest," due
October l. had already been provided for by
checks payable September % and so makes the
payment of the nearest quarters interest come
after that of the other three, but judging from
the disbursements at the New York sub-treas-
ury to-day, the total amount of interest now
coming out of the Treasury is approximately
81 0O0 900 per day, and there is reason TO expect
that something like this rate will be continued
until the whole of the annual interest on the
S5O5 S56 800 of the registered peroents, amount
ing to over S20,OOo.0 0OQ. has been paid
The following table shows the prices OF active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY q STEPHENSON, old Pittsburg mem