Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-27
NEW YORK STOCKS.
Qufet to Dali for the General List-Rather
mixed Feeling-strong Undertone-
Encouraging News of the Dny

Vuiet TO Dali for the General List-hather
Mixed FeeIinz-strong Undcrtone-
Encoura RinR News of the Day
Few Stocks Weak.
NEW YORK, September 28-The stock mar
ket to-day was, as usual of late, quiet to dull
LOT the general list. but active and weak for
the few stocks in which the bears are making
special efforts with a hope of starting liquida-
ton in the rest of the list. The feeling to-day
was rather mixed, and it Is undeniable that
some of the weakened bulls lost courage
from the readiness with which such stocks as
Atchison, Union Pacific and some others have
yielded to pressure. The general list, how
ever, while dull, displays the same old
frmness and even advancing tendency
when let alone, and responds very
slowly to the special attacks upon certain
STOCKS. The uudertone is undoubtedly strong,
anu prices show disposition to seek higher
ieyel whenever the bear pressure,is removed.
The news of the day was rather of an encour-
aging nature, the signing of the Colorado Mid
!and deal, and the practical completion OF the
barln Dill being most influential factors. The
opening was lower all around, with sugar down
"a per cent, and while that lock was advanced
per cent. after q fractional further decline it
1alled TO reach its last nights price at any time
coVery, and closed with material loss for the
day.
The general list was pressed for sale in the
Ing. but the losses were generally for small
fractions up and later In the day there was
not only pressure of any account but considera-
Die buying for the short account and for a ral-
y. Pacific Mail is the weakest point, dropping
rs, but, while 1t recovered partially later went
back to the lowest point again.
The market finally closed dull and steady to
nrm, generally at about the level of the open
ing prices, and final changes. therefore, are
generally for slight losses. Pacific Mail Is
down ~; Sugar Refneries and Louisville and
Nashville, each IA aud Union Pacific, per
cent,
out the day sympathized closely with the tone
of the share list, a heavy feeling prevailing
most Of the time. The sales amounted to $685.
000 and the Atchson issues were again promi-
nent in the trading, the incomes furnishing
sl35, 900 to the total, and while they were weak
neither issue scored a fractional loss. The
changes in the rest of the list were on the
usual small scale. Government bonds have
been dull and steady. State bonds have been
The Post says: 1.-The advance in the rate of
discount to-day by the imperial Bank of Ger
many is understood to be mainly precautlon-
ary measure to prevent gold going from this to
London. There is. however, no doubt
that money is still light all over the Conti-
nent; it has been SO for the last four months,
but is not so much SO now as few months
ago. The immediate cause of the advance in
the Bank OF England rate OF discount yester-
day was the movement of gold to Lisbon, and
SO far as the general financial prospect is con-
cerned it is somewhat reassuring to know that
the movement of gold to Lisbon is due to
political rather than commercial cause. This
leaves room for the presumption that there
has been no imitation of commercial credits and
no intervalue of real estate.
The following table shows the prices OF active
stocks on the New York Stock Exchange yester-
day. Corrected daily for The DISPATCH by
WHITNEY & STEPHENSON, old Pittsburg mem
bers Of New York Stock Exchange, 81 Fourth