Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-17
BULLISH FEATURES
Dominate the Share Market In Spite Of
stagnarion-silyer Certificates Active
Bank Statement Discounted
-Rogcroad TJst Neglected..

sragnatIon-siIyer Certificates Active
Bank Statement Discounted
Railroad List Neglected.
NEW YORK. August l6-The stock market
to-day was extremely dull. but presented de-
cidedly strong front during most of the session,
and material gains were made In most of the
stocks traded in.
The effects of bad bank statement had
been completely discounted, and, while there
was a slight reaction from the best prices, no
material movement resulted from its publica-
tion. The feature of the day was silver certif-
Gates, for which there were large orders in the
market from London. This served to stimulate
large trading in the long account and on very
large transactions the price was run up from
115K to 1l7}], though fractional reaction fol-
The railroad list was quiet in all its depart
ments, but the strong tone reached everything
with the exception Of Missouri Pacific, which
Jagged all through the session and is almost
alone in closing lower. Canada Pacific was the
strong feature with Mexican Central and one
or two other speclalties, but the advances
scored In the active stocks were confined to
fractional amounts in all cases.
The bull feeling was very confident and buy
ing on a limited scale in the absence OF offer
ings of any amount served to carry everything
up, and in many cases the highest prices OF the
week were touched. The close was steady
after partial reaction.
Railroad bonds were even duller and more
featureless than usual, and the transactions
call for no comment whatever The tone was
barely steady. but no change of importance oc-
Cured in prices.
Government bonds have been dull and steady.
State bonds have been dull and neglected,
The Post says: The evidence that there had
been so large q withdrawal OF money as to show
a decrease Of over S6, 900 600 In the average Of
deposits and that SO large an amount bad gone
out in specie and legal tenders was an unpleas-
ant surprise and gave the stock market a con-
siderable set back, which Is likely to show more
in the prices of stocks on Monday than the
fractional decline which 1t caused during the 10
minutes of business after the bank statement
to-day All this week stocks have been grad
ually recovering from the shocks received in
the last half of last week from the bad crop re-
ports the New York Central strike and the bad
bank statement of last Saturday. At IL o'clock
to-day there had been general recovery OF ~
to points on all the active stocks from the low
prices Of last Monday. Part Of this is likely to
be lost again on next Monday by realizing sales
to secure profits. But with London as lead
ing factor, it only requires prospect OF an
easier money market here TO result IN an i'm
portant farther advance in stocks. All other
conditions than that of the money market have
improved in the last week, and except for that
one cause of hesitation, there is an apparent
increasing disposition to buy stocks for an ad-
vance.
The following table shows the prices Of active
day. Corrected daily for THE DISPATCH by
WHITNEY b STEPHENSON. old Pittsburg mem
bers OF New York stock Exchange, 81 Fourth
avenue: