Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-14

with eQuanimity at present, for while there is
still over S3,000,000 surplus reserve against
denclt In past years at this time, there Is
feeling that the amount of silver certihcates
Delng issued each month will hereafter be more
than sufficient to take care Of the customs paid
TO the Government, and that with the large ex-
penditures for pensions. river and harbor im-
provements The new navy coast fortifications
and public buildings, money will be assuredly
easy within few months and must lead to
active business and speculation in every
direction.
Inc stock market to-day was somewhat OF
surprise on account of its steadiness and strong
undertone In view of the showing of the bank
statement on Saturday, and with very moder-
ate volume of business. In only two or three
stocks were there material changes for the day.
Brokers report an increase in the investment
buying. There were rumOrs that the market
would be attacked to-day and something OF the
klno dld occur in Sugar Retineries, North Amer
lcan, Northern Pacific and Louisville and Nash
Vlile: In none of these, with the single ex-
ceptlon of Sugar Retnerles which was sold con-
ndentlally on the strength of the decision OF
Saturday was there any material final decline
LOT the day. The Changers also withstood con.
siderable hammering, considering the limited
Market with the same insignificant results.
Inc opening was hesitating, and the weak
ness IN sugar encouraged the putting out OF
1urther short lines in the regular list, but the
very pronounced strength in Lackawanna was
supporting influence IN the market and the
decline of ~ per cent in Sugar was sufficient
TO induce only slight losses in railroad stocks.
IN the afternoon when Lackawanna made its
great ADVANCE, the attacks upon North Amer1-
can and the others were made.
Inc nnal dealings saw an improvement in the
general market, but no movement of import
ance resulted and the market closed dull but
hrm at insignificant changes as a rule. Lacka-
shows 4
Wnle Sugar is down ]. having recovered a por-
ton OF its early loss. Railroad bonds partook
OF Tue same character as stocks to-day. and
with very limited business S776,000. There
were only slight changes in Quotations, except
IN very few instances. More strength, if any,
thing, was shown in bonds, however, and while
tne important changes are few. they are gen.
orally IN the upward direction Hooking Valley
5s rose to 81, Erie 2ds extended to lis and
st. Joseph and Grand Island lists ~ to 10o15.
government bonds have been dull and steady.
state bonds have been entirely neglected.
.Ihe PoSt says: "The statement of the New
YORK banks for last week showed loss of
SS355, 399 in reserve. this loss being caused by
decrease of SIS, III, 500 of specie. The fact that
one-half of this entire loss of reserve was due
to decrease of 81, $4,000 of the deposits and
s4,3l4, 600 of the specie in the National City
Bank, as compared with the previous week,
might be expected to afford some information
In regard to any specific movement of money,
whether it into the Treasury or to the in
terror and if So what part of the country and
Tor what purpose. but it does not. The officers
of the bank merely say that it has gone every
where-North, South, East and West. This
movement is undoubtedly in progress yet to
some extent as may be seen by the fact that ex-
change on New York is still 40 cents per 81 lU00
discount in Chicago. But nearly all last week
it was 20 cents discount, and the lower rates
since Friday show that the demand for money
there is abating. There have been no exports
OF gold since July. and the declining tendency
in exchange makes it improbable that there
will be any considerable export for the re-
mainder OF the year.
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. oldest Pittsburg mem
bers of New York stock Exchange, 81 Fourth