Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-26
DULL TO A DEGREE.
disappointment on the Street at the Limited
Bond Observation-Disclosures Stocks Quiet
Sugar Trust Affected by the


NEW YORK, July 25.-The activity and buoy
ancy shown to a comparative degree in the
stock market yesterday, and which was direct
ly the result of the expectation that the Secre-
tary of the Treasury would be able to get all
the bonds he wanted disappeared to-day. and
again the dullness and stagnation, relieved only
by few sudden changes in some of the spe-
cialties, prevailed There were reports that
considerable disappointment was felt at Wash
ington that the circular of the Secretary had
not brought out larger number of bonds but
the acceptance of over So. .0O0 900 seems to ordi-
nary minds sufficiently large amount for be-
ginning. especially as that will release about
SS0O0,00O.
That there was disappointment In Wall
street that the market did not respond more
fully to such an event is without doubt, and the
fact that it did not is sufficient proof that the
apathy and liStlessnesS of the market are deep
seated and will take time to overcome The
prospects are regarded by the bulls as very ia
vorable to the Inauguration of more active
and higher market in the fall, and the fact that
stocks do not come out in the dullness gives
daily encouragement to the advocates of a
higher range of values.
The publication of the circular from the
trustees of the sugar combination, to-day,
caused little or no movement In the certificates,
and the business done in them showed a
marked falling off from that of yesterday.
The width of the fluctuations were also on the
same limited scale as in the regular list, and
the day the bearish traders made few feeble
attacks upon certain stock, and Atchison and
IIackawana were most conspicuous but the i'm
preston made extended to fractions only, and
the movement was of short duration in either
case. Citizens Gas of Brooklyn con-
tinued its upward march. the move
ments being sharp and sudden. like all
the movements of the day worthy of men,
tion. The bears of New England attempt
ed to offer the stock down, and one of them
may find himself in trouble, the last case of
the kind having resulted in suspension for
six months. The stock, however, closed un-
changed from last evening. In Lackawanna,
they were more successful. and it is the only
stock showing any material loss for the day, its
decline being l% per cent. Citizens Gas is up
N per cent. The close under the pressure was
heavy at close to opening figures.
There was the usual quiet business in rail-
road bonds and the usual lack of feature be-
yond the weakness in Atchison incomes.
Government bonds have been dull but strong.
State bonds have been dull and strong.
= The Post says: After about 1:30 O'clock the
market was slightly more active and prices
were lower. There was no news or develop
ments of any kind that would have an effect on
the general stock market, unless it might be
argued that the advance IN wheat to-day was
on general principles an argument for lower
prices for railroad stocks.
The following table SHOWS the prices or active
stocks Oh the New Y ork Stock Exchange yester-
day. Corrected daily for The DISPATCH by
WHITNEY STEPHENSON, Oldest Pittsburg mem-
bers of New Y York Stock Exchange, 81 Fourth ave-
nue.;