Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-30
BUSINESS BRACING UP.
Stocks Firmer All Along the Line. Notably
Sugar-The Tone of the Dealings
Rather Heavy-South Amer.

lean Troubles Over.
NEW YORK, July 2p.-The stock market to-
day witnessed another swing of the pendulum
of values and the losses of yesterday were
generally regained, although there was less
business done, and at times the dullness was
equal to anything seen of late in that line.
The apathy displayed by the holders of securi-
ties evidently encouraged the local and Chi
cago bears to make short turn on the short
side and the evening upis about accomplished.
The usual indication of desire to buy by the
Chicago people was furnished. There were
reports of serious damage to the crops. espe-
clally in Dakota and Minnesota There was
great deal less heard to-day about the South
American troubles although a large amount
of gold was taken for export, which in all
probability was the direct effect of those dis
turbances, which have assumed a more serious
character.
The desire of the late short sellers to cover,
however, counteracted all such influences and
soon after the opening decidedly strong tone
was developed, though it was not Until in the
afternoon that much progress was made in the
upward direction, although the opening prices
were generally from 1s to Il per cent better
bull card, as it was the weakest yesterday and
the loss was about recovered. The movements
in the regular list were confined generally to
fractional amounts, and in Atchison, In which
the only important railroad news of the day
YVES developed, the fluctuations were very
small. The publication of the passing of the
was seemingly without influence. and was evil
IDENTIFY fully discounted. Among the Grangers
Rock Island and st. Paul were most prominent,
the former scoring material rise as the result
of the lays operations. The market on the
whole showed very strong undertone to-day,
and prices moved up easily on light purchases.
The feeling OF an early improvement in both
prices and business is more pronounced, and the
South American influences are believed to have
had their full effect upon this market, The
shorts IN Sugar covered freely on the reports of
hfnc nm nff fho ianlf tn tIn 80
reorganization, but there was nothing definite
given to the public. The market closed dull,
but strong the upward movement ceasing only
with the sound of the gong. Sugar is up per
cent tonight and Rock Island per cent,
but all other changes are for fractional
amounts.
transactions reaching only S606. .e00 while out of
that amount Atchison incomes furnished Sl06,-
600. The tone of the dealings was the whole
rather heavy, and all the important changes
tonight, which are very few in number are in
the direction of lower figures. The list, as a
whole, however, was as stagnant as usual
Government bonds have been quiet and
steady.
State bonds have been entirely neglected
Lazard, Free & Co. ordered 500, 600 more gold
for export. Total for export to-day, ST. SOC, 600
Total this week. 81 975 600.
The Post says: The Atchison directors who
now control the 81. Louis and San Francisco,
today passed the dividend on the first preferred
San Francisco stock. The last dividend was
per cent, paid in for the half year to January
l. This was reduction from the previous rate
of per cent per anuum, paid in 1882 the last
previous sem-annual dividend having been y%
in August, 1889. The Atchison directors say
that no dividend has been earned by the San
Francisco in the six months to July l. and that
therefore nothing will be paid for that half
year. but that if a dividend is earned in the
last half of 1890, one will be declared at the end
of the year.
The very slight declines in United States rail-
way stocks in London through all the recent
disquiet in other foreign securities shows that
they are more firmly and confidently held than
any others, and that as soon as London recov-
ers confidence enough to be In speculative
temper American securities will betne favorite
investment.
The following ,spls sn ows sns prices or active