Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-07
NEW YORK STOCKS,
Intensely Dull in Wnll street-Tame and
Henvy Opening-Trusts sfngnanf-
DISAPPOINTMENT In the Bond aud
Silver Purchoses.

/
NEW YORK, September 6-The stock mar.
ket to-day was still intensely dull, and the max
| ing of quotations we're again given mp to the
bearish traders, who were inclined to go slow,
however The expectation was that the bank
| statement would show further reduction in
| the surplus reserve, and the hope was not dis
appointed, the deficit being now over $1,000.
600.
The opening was dull. tame and heavy, and
first prices were generally from u to q per
cent lower than last nights figures. but the
changes in the first hour were very slight and
even the weak stocks showed no marked weak
ness.
Later, however, the pressure became stronger,
and in Illinois Central. Milwaukee, Lake Shore
osses Mere ILLINOIS,
became active and declined from 10715 to 1867;
Burlington from 99L to 9S1l and Milwaukee,
Lake Shore and Western preferred from 10715
to 1O6 The rest of the list followed, but the
other changes still remained slight, and gener-
ally without significance. Even the Trusts were
stognant and showed no feature whatever. The
market finally closed dull and heavy to weak
at the lowest prices, which, in most cases, were
only slight fractions under last nights figures
Milwaukee, Lake Shore and Western pre-
ferred, however, is down per cent and Illinois
Central and Burlington. after slight rallies, "a
Railroad bonds were dull as usuh and the
only feature of the day was the continued
strength in the Colorodo Midland Is, which
further advanced TO 72z9, gain of 25s per cent,
while the usual stagna ion existed IN the rest
of the issues traded in. The sales were only
1000, of which S1S1, 700 were in Colorado
Midland As.
Government bonds dull and steady. State
bonds neglected.
Exports of specie from the port of New York
during the week amounted to S62 620 of which
s2620 was in gold and 900 silver. The i'm
ports of specie for the week were $685. 925 of
which s465 405 was gold and 1914, ,52l silver.
The Post says: There has also been dIsap-
pointment in regard to the effects of the bond
and silver purchases of the Treasur in releas-
ing money, Those who have made elaborate
calculations upon the figures of the monthly
statement of the Treasury claim that all the
silver purchases so far have ouly put ST. 800 900
of the new Treasury notes into circulation,
partly because the new notes are issued in de-
nominations too large for use; also that all the
bond purchases in August to the amount of
over $50 600, 0eO only resulted in the actual dis
bursement of about S2l, ,000. 600 up to August 81
and finally that the net addition to the circu-
latng capital of the country from these dis
bursements in August was only little over
IS, 900 600. The imports at the port of New
York have fallen OF very greatly in August,
but the Treasury is still an absorber Of money. |
The following table shows the prices of active
stocks the New York stock Exchange yester-
day. Corrected daily for THE DISPATCH by |
WHITNEY & STEPHENSON. old Pittsburg mem
bers of New York Stock Exchange 81 Fourth |
avenue: