Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-17
BROKERS INDIFFERENT.
Wall Street Speculation Entirely In the
Hands of Professional Operators
Prices Moved Up One Day and
Down the Next.

NEW YORK, July 16.-The stock market at
present is suffering from a general apathy of
operators on both sides of the account. The
presence of brokers at the board and their GUS
TONERS at their offices is of the slimmest kind,
and no one seems to care which way the market
goes. while the room traders and professional
operators move 1t up one day and down the
next, quite Irrespective of the legitimate infu-
ences which should govern the course of prices.
A small clique of bears are the only active ele-
ment in the situation, and they are afraid to
increase their outstanding shorts too much.
The bulls are waiting for leader or leaders
who can command sufficient following to make
prolonged and aggressive campaign but they
do not seem to be forthcoming and dullness
and stagnation In prices results.
The effects of the silver bill for the present
have been seen, aud the railroad situation
commands most attention, especially from the
bears, and while the positive advices OF the day
were favorable. their possible influence was
neutralized by rumor from Washington that
the Interstate Commission resolved to adj
vance rates on grain in the West. This caused
heavy feeling in the market throughout the
greater portion Of the day, although 1t cannot
be said that there was any important move
ment in prices because of it. The usual dull
ness ana practical stagnation were still the
and Rock Island, which have been selected as
the special objects of the pressure the fiuctua-
tions were scarcely y per cent. Reading was
were about recovered in the later dealings.
when there was an effort to recoup the sales of
the forenoon, but the changes in the other
stocks of the regular list are not worthy of
comment. Sugar Refneres was again the
special feature of the day, and after o spurt
from 70 TO 76N 1t was dropped for no apparent
reason to "a and later to 13% It, however, is
the only stock traded in which shows decline
at the end of the day Of more than a small
fraction, its loss being ~ per cent. Silver GER
tihcates we're more largely traded in, and, while
the price reached above no. the fluctuations
were small, like those in stocks Among the
specialties Hooking Coal, Oregon Improvement
and Rio Graude Western preferred showed
streng II on small transactions, but the remain
der were stagnant. The market, after q short
period Of trmness, closed heavy at about the
lowest prices of the day, but only slightly
changed from last evenings prices.
Railroad bonds exhibited the same dull level
of stagnation and on only S7Sl, 900 business the
changes were entirely insignificant. the
temper OF the market being steady and as
apathetic as that In stocks. The transactions
lacked feature Of any kind, and, while San
Antonio and Arkansas Pass S6s lost "a at ~,
Louisville Southern lists ~ at S7h and Wiscon-
sin Central incomes at So, there was no appar-
ent drift to prices.
Government bonds have been dull and heavy.
State bonds have been neglected.
The Post says: The Union Pacinc, Denver
and Gulf was higher on account OF It's con-
tinued large increase Of earnings Ine net