Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-16
WALL STREETS REVIEW.
MISSOURI PACIFIC LEADS IN A MOD
ERATE ADVANCE.
The Force of the Bear Movement Not En-
tirely Destroyed-Russian Loan News
Has a Favorable Effect on the Market
Po{Iroad Roud.

The Force of the Bear Movement Not En-.
tirely Destroyed-Russian Loan News
Has Favorable Effect on the Market
Railroad Bonds Quiet.
NEW YORK, Oct. 15.-The assurance that the
Russian loan Will be taken in full created n
favorable impression upon the financial
market of Europe, and led to n much better
feeling upon all classes of securities in Lon
don, with the effect of higher prices at that
center and an unusual number of buying
orders in this market for foreign operators.
The bear element at the Stock Exchange
however, has not as yet changed its position
on the market and the traders follow still
closely in their footsteps, although some Of
the latter went over to the bull side to-day
Beyond the resumption of the publication
of its earnings by the Missouri Pacific there
was nothing in the news of the day to have
any particular effect upon the course OF
prices to day; but there was good buying,
and this induced many of the traders to call
in their shorts and get over on the other
side. This movement gave great strength
to Missouri Pacific, and it was again the
leader of the market, but in the upward di-
rection instead of decline. Beside Missouri
Pacific marked strength was shown in
Louisville and Nashville, which was bought
largely for foreign account, but the rest of
the list failed to make any marked move
ment at any time of the day.
The opening figures showed advances over
those of last evening, extending to "a per
cent, and the force of the demand sent the
whole list up small fractions further in the
early dealings. The full bear contingent
sold stocks freely on the rally, however, and
most of the list was again brought down to
and even below the opening prices. Dull
ness followed the accomplishment of this
result and while prices crawled upward no
feature marked the trading until well into
the afternoon The buying by brokers iden-
titled with the Gould party then became
very marked, and many of the shorts went
into cover with the effect of advancing
ma along a Ixhi Ia
Increasing largely the volume of business.
There was again considerable short selling
on the top of the rise in the last hour, and
some slight recession from the best figures
was made, but the market closed quiet and
steady to firm at or near the highest prices
of the day. The final changes are almost
invariably advances of fractional amounts,
but Louisville and Nashville rose ls6 and
Missouri Pacific 1H.
Railroad bonds were still quiet with a
steady to firm tone, and displayed few feat
ures OF interest during the day. The Rich
mond and West Point Trust 5s made II squirt
late in the day, but with this exception and
the comparative activity in Atchison in
comes there were no features. Total sales,
IL 9OO Tho highest and closing quotations
were:
Fours. SEQ s2ss Sorthw sF IS. 1c5A @o54
e1s INST; i;t; s:;s@ g 81 81 SSS siT IS 3
Bur; 8s;;;::. s. a. s5 = cen ..lst.lo5 gia
es e0n: se3ST cCaI ss 60 800 SSBS SSs
Oh. & It's. 9flfG 974 n & Nor IDS 5l4(Q 5l4
C& o O.........1 .101 Is6l01l5 \ S & W CO. SO a SO
lists. 7l.S@ u Ore Imp lst. .10Ols4ioO5
Can Sou 2ds... 9846 9S4 Ore L...... .1OGA 9lOOA
Reg. "a O. 81 Ohio Son 4s.... 59la@ 594
First. f9l6 Ogn Nav lsy..1N (1I0!
"A & Co... .10619(1l05sI 1st.. lilo 6I00
Col Mid. 20 Ia 20 R.& Cons. .115l5 6ll5h
Con Pac.......1O9 @109 X W 80 6 lst.lO3l5t91OS1s
G Ii 4 | c 1st.. 96 q So Reg 4s....... $3.50 7615
d & r 6 4s.... 79AG 70 DscOns. ..l03 Gl09
Erie 1st loans. 1873 0l33 Reading lst.... 67AG 67A
c & Erie lists. AAtq San IDS. $40 1914
do inc. 3d.. $3.50 S9ltt 3ds. 81 "a 81
Seconds .105% %0lo54 r W & P...... 56]56 5615
East Tenn 5s. a5 a 95 do Carolina. 231at9 22a
Ft W & u lists 10lAtdl0l4l First .10s dD1US
H'g.Val 6s..... 934(9 SO st L lst...... 69&0 69N
do 5s......... SS a IS do ends. 53ia q 31a
Kan & Mich Is 1870 7S1S L Ath End. .1O4 t6IOl
Kan Pac. .1OS%910a2G st p W: .1I0l@@1lQ3
lO7 t369l073s WIS NJ JOB GlO2
Kan 4 Tex As rs a IS ID Gs.........., 50 "a 90
do 2ds...... 1850 43x TEN. ............ 94l0lO44
Knox & o As. .l02 fNlO2 4 & w ist... rs a. 75
& W 1st 1925 7 o Cen lists. .1031s9Ip3la
L n A 1st. ....l1149l114l 7 81 & X list 81 "a 81
Cons ......... $500 931s # A & NJ 1st. 81 a "a
N......... I9Slt9 IS19 va Mlu G NJ. 7912tG I9H
MO.Pac. colt. 20 a I9 do stamped. sS}9C9 $50
81 Il st lst. .109A(9l09l4 Wabash lists .1OIls9l0lR
NILS & W ex $3.50 9S2S do IDS ...... 7SlsC1 7S1a
NJ . 4s....... $3.50 66 IVY 5s......1O0 (glOO
MA n. .109x9l091sI Wis inc 500. 40 % 40
NJ Il st......1G t9l0l W coup. ..... 071@G10.ls
n. p. 5s........ Se76G S2% Do reg. .10IaGl0lo
Montana i02. .1n1&4@l02
The total sales of stocks to-day were 241,-