Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-08
NEW YORK STOCKS.
Only Small Fluctuations on Change Yester-
day--Railroad Bonds DuII--Abundance
of Security Bills Depresses the
Rates of Exchange,

pdtce VI EAcndISe.
NEW YORK, October THE stock market
| to-day was in marked contrast to that of yes
terday. rather dull, especially in the afternoon
while in place of the wide fluctuations and
sharp movements of yesterday there were
comparatively small openings in quotations
throughout the day. and little decided ten
dency of prices at any time. The feeling on
| the street was undoubtedly easier and many
regarded the situation as likely to improve
from this time out, and buyers were encour-
aged by some support from London in the early
trading. The general opinion was that any
forced liquidation was pretty nearly completed,
and that stocks had undoubtedly gone into
stronger hands. and evidences of buying by in
siders in several of the larger properties were
seen. A strong opening was had, and the de-
mand from London, with that from the shorts.
was sufficient to make further slight gains in
the early trading
The advan ce, however, was the occasion of
some selling when the demand Stacked
away, and toward noon the bears
gathered courage enough to renew the
pressure, and prices were carried down
to below the opening figures in almost every
thing traded In, while Burlington, Quincy,
Rock Islanl. Atchison. Tennessee Coal and
some Others displayed marked weakness under
the aSsault,and sugar Renneries brought up the
rear with a drop of per cent from the best
figures of the forenoon Good buying again
appeared at the concession. and late in the day.
material recovery from the lowest prices was
scored, the market leaving off quiet, but firm
generally at Insignificant changes from the
opening figures. The final changes for the day
are in bul few cases for small fractions Only
and advances are in majority while Union
Pacific shows gain.ofl1s, and Southern Pacific
a los of per cent
Railroad bonds were again dull, notwith-
standing considerable animation in the Read
ing As, the Texas Pacific incomes and some
other, and the total daJ's business reached
only $4,000. The tone of the market was still
mixed, but was rather firm IN the forenoon
with weakening later in the day. The final
changes are, as usual very irregular, and
among the few marked changes San Francisco
class lost to ll3.
Government bonds have been dull and steady,
In the afternoon the Exchange market was
weak, partly owing to the free offerings of bills
drawn against the purchase of stocks for
foreign account This is the first time for
several months when there have been enough
Sc curity bills in the exchange market to have
an undouDted effect in depressing the rates for
exchange, and also the flrst time in at least two
months when London has been conspicuous
buyer of stocks. The lower rates for exchange,
together with the easier rates for money in
London, contributed to make money easier
here and in the afternoon Call loans were down
to per cent.
The following table shows the prices OF active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
bers of New York Stock Exchange, 81 Fourth
avenue: