Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-27

! L., n, A&G con. ~ 9 81 ISt l. S....... " 99 w
EsSW e.; ex5; @ 500 ssyz l. 1850 S!ass
Nut Union 6s. .103 @lo3 st Chas B.. ...1o4 @104
do sds ssfS S,Ss Ss a.io. s4,sg ia 81
Do Montana. .1G2 @102 Cons. .12l1s9l99 q
ST. s.: 80: g q $ Texas + 2ds:: g 3
N9r'w ST IS. o75k@1O7.66 WNY&P I'd. q @S4
as &W Is: s5s@ sss WABASH lists: @ SD
| Cex IS. .1o2S9025 Deb b. .......-. F3a(9 AN
The total sales ofstocks to-day were 2ol, ,9ll
shares, including: Atchison, Il, 4Sl; CANADA
Lackawanna and Western, 4,7sJ: Erie, IA 800;
Hooking Valley, 800; Lake Shore, 4035;
louisville 10 and. Nashville, 2,O60; Mo. Pacific,
a3s7s; Northwestern $3.50: North American,
s,2S5; Northern Pacific, 6,655: do, preferred,
Point, s,o75; 81. Paul, $50; Union Pacific,
o9,555; Wabash, $50.
Bnllish All Over.
John NJ. Oakley & Co.'s correspondents
wired: "The feeling in this country to-day is
emphatically bullish Six weeks ago it be-
gan to assert itself in brisk walk, then a
gallop and f1nvlly run. For a time there
we're no distractions. The course was clear,
but with the first week few hurdles have
been met in the bull pathway. The runners
have at time hesitated little in the pres
ence of a Gould" barricade, but each time
they made the hurdle and seemed flushed
with their success.
"To drop the simile, there Is confident
array of holders If not of fresh buyers, and
there is small force of bears who are fight
ing the market. They have had a failure
and fiiasco to help them this week, but the
momentum of the bull market while re-
tarded has not been seriously diminished.
Mr.. Gould has been the bear in the china
shop aud his acts and talk have given the
bulls great deal of concern without having
apparently produced their intended objects.
This morning his acknowledged organ
comes out with an interview which made
him say that there ought not to be any divi-
probably not be any. Also he said some
thing which could only be construed into
threat to insinuate rate war in the South
west because Chicago roads do the bulk Of
the business.
"The result of this was that after Missouri
Pacific opened up per cent it sold down 6,
recovering 2%, and Union Pacific, after open
ing up n. sold down g. recovering most of it.
Activity in speculation exists, but it is
sensitive, and changes in its drift occur with
startling abruptness. 1t is impossible for
any one to make money in it by Hopping
around. The only way to do it is to take
stand and occupy it until the whirligig of
speculation brings the market around right
1t is not one-sided market; 1t has good
deal of the razzle dazzle about it.
"The bank statement was about as eX-
pected, a loss of $3. 10000 in reserves. The
fact that over $1,000 0j0 in gold Is floating
over this way neutralizes the bad effect of
the statement. Chicago and Eastern Illinois
preferred is stock that We can recon-
mend"
Gold VIII Come.
Henry Clews & Co. say: "The recent up
ward movement on the Stock Exchange
proved irresistible. Nothing equalfng it
either in force or character has been seen in
years. Based on the soundest of all founda-
tions. the profuse generosity of nature and
healthy national prosperity. it is evidently
impossible to seriously check the spirit of
buoyancy thus impaired In the course of
time it will undoubtedly run to excess; it
will also be accompanied by fluctuations of
varying severity; it may be that in some in
stances the advance is already beyond
reason: but the one great fact remains, that
of all nations on the earth we are this year
most wonderfully favored in respect to the
products of the soil.
England has usually been our best
buyer but French purchases have lately
been feature, and even the Germans are
to be increasing their holdings.
This means still larger imports of gold than
our grain and cotton. We may look for
some resistance, especially from the Bank
of England, to our importing gold; but that
the precious metal will have to come in
large sums Is inevitable. Our wheat and |
other exports will demand gold in settle |
ment; and if it pays the foreigners better to
hold our stocks than gold they will take the |
former and return the latter, as indeed they |
are already freely doing.
Gall the best authorities in Europe unite |
in saying that the United states will draw |
heavy sums of gold from Europe, and nearly |
IS 100000 will shortly arrive. This is i'm |
portant in view of the f1rmer tendency of |
the local money market. Call loans have |
been steadily advancing, and the increasing |
of manipulation tended to |
,heckthe rise in stocks. Should gold continue |
10 arrive as freely as atpreSent expected, the |
chances of any protracted stringency in |
money will be greatly lessened."
--latest on Bonds.
The following table shows the prices Of active
tocks on the New York Stock Exchange yesterday |
corrected daily for THE DISPATCH bv WHITNEY&
STEPHENSON Oldest Pittsburg members of the
New York Stock Exchange, 81 Fourth avenue: