Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-12
ENNUI IN WALL STREET.
THE vIGOR OF TUESDAY IN STOCKS
LACKING YESTERDAY.

Prices Hold Their Own and Few Small
Gains Made-Northern Pacific Preferred
the Only Weak Point-Advances In
Chicago Gas, Reading and Sugar.
New YORK, Nov. 1.-THE stock market to-
day lacked the vigor and snap Of that of yes
terday, and there was not only less business,
but the movements, aside from those in
very few stocks, were devoid of interest and
were confined within the narrowest limits.
The general tone was hardly more than firm,
and while q few material gains were made,
they were the exception and not the rule.
The foreign situation remains practically
unchanged. Domestic affairs were uniformly
favorable to higher figures and the crop re-
port was very favorably received. The buy
ing power, however, lacked the very efn-
cent support of the shorts and while there
was still u great deal Of that kind of buying
it had ceased to have the effect it had yes
terday. Western operators were most prom
inent in the buying line, and Chicago Gas
and Union Pacific showed the side taken by
this interest.
There was only one really weak point in
the list, Northern Pacific preferred, but the
efforts to get that stock down were most ap-
parent, and with the cessation of the
pressure it recovered handsomely. The
market as q rule, was unsettled and showed
a narrowing tendency, although the trans
actions reached fully as large number of
stocks as on any day recently. The general
llSt, however, Ia1leu tO SNOW any lie anu Tile
interest in the market was entirely monopO-
lized by few shares.
The foreigners disappointed the bulls in
that they were sellers for time in the fore
noon, and London prices were lower this
morning encouraging renewed sales by the
bears, while some selling to realize made a
feverish and irregular market fop some time
after the opening. The strength of the gen
eral list then became apparent, but the ad-
vances were all small aside from those in
Chicago Gas. Reading. Sugar and some of the
low priced and inactive stocks. After the
first half hour the activity died away, and
with the cessation of the early demand a
dropping tendency appeared, which, how
ever, made losses only in one or two impor-
tant cases.
The afternoon saw a renewal of the cover
ing movement, and especially in the late
dealings marked strength was shown, Mis-
souri, Pacific becoming one of the features
at this time, but its final improvement was
fractional only. The market finally closed
quiet but generally firm at small gains for
the day, but the only advantages of note
we're ~ each in Union Pacific and Chicago
Gas.
Railroad bonds, even more than stocks,
showed the falling off OF interest from the
evening up of contracts during the last two
days, and business fell away to 81, ,0l9,OO
The decrease was naturally chiefly among
the speculative issues and Atchison in
comes was the OILY really active bond
though at one time Texas Pacific ends were
largely traded in. The same lack of move
ment as in the general stock list was notice
able and the final changes are in all cases
for fractional amounts only, both the active
issues fiuctuating within a range of only *
per cent The market was barely firm, and
remained without feature. The highest and
closing quotations were: