Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-18
WEAK AND FEVERISH.
Railroad Shares Depressed In Prospect Of
Rate War in the WesI-IphuentIal
Operators on the Bear Side.

Operators on the Bear Side.
NEW YORK, February 1.-THE stock
market to-day was more active, but feverish
and weak, especially in the first and last
hours, and material losses were sustained in
some of the leading stocks, which were al
most entirely the result of determined at
tack upon values by the Western operators,
aided by the room traders.
The ostensible reason for selling was the nom
success of the meeting of the Northwestern
roads to induce the Illinois Central to withdraw
its reduced rates to Sioux City. The impress
sion that the Illinois Central Rock Island and
Chicago, Burlington and Quincy are deter
mined to force fight prevailed and induced
considerable selling on the part Of the trading
element. The supply Of floating stocks on the
street is steadily growing smaller on account OF
the purchases of moneyed men who take their
stocks out of the street.
The unfavorable bank statement of Saturday
was the occasion of considerable bearish feel
ing, and the liberal selling orders from Chicago
met with strong response from the local
operators, and in the first half hour prices
went off rapidly Rock Island, Chicago Gas
and Cleveland. Cincinnati, Chicago and St
Louis lead the downward movement. The
recommendations by the committee in the case
of the Pacific roads funding bill gave Union
Pacific lift, and in conjunction with Sugar
Refineries 1t was especially strong in the face
advances were small and unimport2nt
After the first drive was over the market
settled down to dullness and stagnation, but
all the forenoon feYerishness was a marked
characteristic OF the market. Toward delivery
hour the news of the adjournment of the meet
ing at Chicago was made known and was ac-
companied by renewal of the drive of the
morning, and Missouri Pacific, Rock Island
aud Sugar became specially weak. although
everything shared in the general decline The
lowest prices of the day were reached, and the
close was active and weak at the lowest figures.
The specialtIes suffered severely. and Cleve-
land Columbus Cincinnati and st. Louis,
Wisconsin Central and Kingston and Penn
broke were most conspicuous for the declines
established The list tonight is lower all along
the line, and while the final losses are confined
down to 2N. Cleveland, Columbus, Cincinnati
and St Louis IL, Missouri Pacific lX Wiscon-
sin Central IL, Lake Erie and Western pre-
ferred l, and Chicago Gas TrustL
There was little interest in railroad bonds
and while there was quiet business done the
changes in quotations We're generally small and
though the tone of the market was in sympathy
most throughout the day. only Wisconsin Gen.
tral incomes attracted any special attention.
They were again weak and made further ma
terial progress in the downward direction.
There was no special animation, but the total
days business was 81, ,270.000 Dakora and
Great Southern frsts rose TO lo1, and Chicago,
st. Louis and New Orleans IS 8 to 1l756
Government bonds have been dull and heavy.
State bonds have been entirely neglected.
The following table shows the prices OF active
stocks on the New York Stock Excnange yester-
day. Corrected daily for THE DISPATCH by
bers OF New YORK STOCK Exchange. 81 Fourth ave-
nue.;