Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-12
NEW YORK STOCKS
Dull in the Market, With Slight FIuctua-
tions-Slight Improvement in the
Opening-Downward Tendency
DevelOped, However.

NEW YORK, October 1.-THE stock market
was dull to-day with slight fluctuations as
rule and the final changes, while generally in
the direction of lower prices are slight in all
the railroad stocks. The opening was made at
small fractions better than last nights figures,
and, while the traders were inclined to discount
an unfavorable bank statement causing slight
losses in the early trading. the general temper
soon became stroug, and fractional advances
were scored, with Union Pacific Burlington
and the Wheeling and Lake Erie stocks most
prominent for strength. The demand was not
sufficient to maintain the Improvement, how
ever, and the sales Of the traders on a dull
market again developed the downward ten
dency, which, however. made but little progress
until after the publication of the bank state
ment There was then q more positive selling
movement. and the final dealings were marked
by more activity and very weak tone.
Sugar RefnerieS was the only really weak
point in the market. some heavy selling being
done for Boston account and it scored a
material decline before the close of business.
A few stocks like Union Pacific and one or two
others we're we'll held but the majority of the
railroad list were brought under the opening
figures, the close being active and weak at the
lowest prices reached. The only important
loss was Sugar 1S per cent:
Railroad bonds we're quiet, the sales reach
ing 0000 and a firm tone prevailed. Govern
ment bonds have been dull and firm. State
I
of specie from the port of New York last week,
amounted to S47. .963, of which S47,563 was gold
and s400 silver. The imports of specie at the
port of New York last week amounted to
Sl933O of which $4,000 was gold and s7S3O2
silver.
The Post saws: The pank statement showed a
loss of S. 35 975 in the reserve, the decrease in
| specie being S., 800 and the decrease of de-
posits S. 273 700 indicating that specie had been
| largely draw out Of the banks for some pur-
| pose. In this connection, it may also be men,
| toned that the imports OF drygoods at the port
| of New York were exceptionally large this
| week, the total amounts entered for consump-
| tion. together with the amount withdrawn from
| warehouses, thus making the total thrown on
the market S4, Ill 00O, against S2972 179 in the
previous week. and s., 006 624 in the correspond
| ing week of 1882 The bank statement also
| showed an increase of 81, ,954100 in the loans,
| which makes the loans just 100 per cent of the
deposits, against 81 per cent in the week to
| October 4 96A in the week to September q,
| l001a in the week to September 20, and 1927 in
| the week TO September 13. This, however, still
| leaves the banks with an ample surplus re-
serve of So 155, ,225 above the legal requirements
| of 25 per cent, as compared with The deficit of
| s7OS O25 below the % per cent at this time last
| year.
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: