Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-27
NEW YORK STOCKS.
No Life Expected in Shares or Bonds Until
After New Years Day-Bear Raids
on Union Pacific and Atchi-

After New Years Day-Bear Raids
on Union Pacific and Atchi-
son-Lead Higher.
NEW YORK, Dec 26.-lt becomes more evil
dent from day to day that brokers, investors
and spectators are determined to wait until
the railroads and other institutions have fin
ished paying their annual and semi-annual dis
bursements, and also until the last road has
signed the Presidents agreement. and business
in Wall street is, therefore, brought almost to
StandStill. and in most stocks Is merely
nominal. and will i'll all probability remain SO
until after the first of the year at least. Whether
there will be an improvement theD is still only
amatter of conjecture, for while all indications
point to a revival of interest III stocks at that
time. this expectation has SO often been disap-
pointed in the times gone by, that the event
alone will tell the story.
mas, the market was extremely dull, though its
record of transactions fairly surpassed those of
"Wednesday. This was entirely owing to the
increased interest in the industrials displayed
and the bear attacks upon Union Pacific and
Atchison, and in the last named two
stocks almoSs all of the feature in
the market was concentrated. Consider
ing the pressure by the bears upon
these two stocks and others, the general list
displayed fairly strong uDdertone. The bears
have had points to sell Union Pacific for some
time. and to-day proceeded to make those
points good, and while there was a suspicion
that some long stock was coming out there was
an order to buy about 5000 shares executed.
until after which time thsre was very little
progress made in the downward direction,
Later, however. it was depressed to 4034, a loss
of per cent. since Wednesday evening.
Atchison. az the same time, was forced off by
the same tactics over l per cent.
The general list opened at about Wednes-
days figures and in Lackawanna the report
showing that the road had earned per cent
dividend impaired some strength while Lead
Trust resumed its upward movement on the
prospect of dividend and rose to Is, but after
ward reacted.
The VanderbIlts were still strong, but failed
to make any material movement. st. Paul and
Rock Island were rather heavy throughout but
lost only slight fractions with the remainder of
the list anG late in the day'there was a cover
ing movement on the part OF the trading elr-
ment. which had the effect of causing partial
recovery of the early losses.
The close was dull but firm. though generally
at somewhat under the final prices of Wednes-
day. Atchison is down rs; Tennessee Central
~, and Union Pacific, ~:
In conjunction with the movement against
Atchlson stock there was an active attack
upon the bonds OF the company, and both Issues
we're specially actiTe the incomes furnishing
s22S. 900 and the 4S 9l26 600, out OF total days
business OF only $l26000. The movement in
these bonds gave tone to the rest of the mar
ket, and while Atchison incomes lost ~ at 4,
st. Paul S. at l29; Morris and Essex consols.
3 at 1907 81
The following table shows the prices or active
stocks on the New Y ork stock Exchange yester-
day. Corrected daily for THE DISPATCH by
bers Of New York Stock Exchange, Fourth
!.