Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-04
STOCKS SETTLING DOWN.
THE LEADERS ESPECIALLY SUFFER
MARKED DECLINES.
Various Rumors Concerning Union Pacific
Have Their Effect-Burlington Also an
Element Of Weakness Interest in In

Various Rumors Concerning Union Pacific
Have Their Efect-Burlington Also an
Element of weakness-NoI Interest in In
dustries-HaiIroad Bonds Dull.
NEW YORK, Sept. 3.-The stock market con-
tinues to show a steadily decreasing volume
of business, and to-day the trading was only
moderate outside of the half dozen stocks
which still remain prominent in the market
The buying power; seems to be checked for
the moment, and the bull leaders are letting
the market take care of itself apparently.
In to-day's market Union Pacific was still
the prominent object of attention and the
rumors were still thick. the one concerning
the application for a receiver at Omaha max
ing most mischief. Official denials which
followed each one as issued seemed to have
no material effect, but the stock was not as
weak as yesterday, and late in the day the
interest in its fluctuations was in great part
transferred to other securities.
More pressure was brought to bear upon
the Changers, and Burlington and Rock
Island especially bore the brunt of the
attacks, and at times exhibited considerable
weakness. The general list was very quiet,
and the extreme fluctuations in but few
cases reached ger cent. .--.
The opening was comparatively quiet and
heavy to weak, Union Pacific and Burling-
ton each showing declines of q per cent
from last nights figures. and in the early
dealings, which were principally affected by
the reports OF frOsfS In the Northwest, cauS-
ing selling for Western account, there were
further recessions in almost all the stocks.
The Changers weakness encouraged the local
bear element and they hammered the list all
along the line. The reactions were in no
case Of importance until the last hour, when
the losses in the Vanderbilts were largely
made up, Canada Southern rising over per
cent from its lowest fanres.. The dealings
in the IndustriaIs we're of no interest. So. 9
The market continued to settle away slow
ly in moststocks, but rapidly enough in the
leaders, until the last few minutes trading,
when the usual attempt to cover by the
room traders resulted in a small rally, and
the close was quiet but steady to firm ut the
recoveries from the lowest points. The ac-
tive list, however, shows invariable losses,
with Rock Island and Reading down ";
Burlington and Canada Southern, lss; st.
Paul and Missouri Pacific, II; Northern
Pacific preferred and e., c., C.'& st. L., II,
and Atchison and New England, per cent.
Railroad bonds also showed a loss in inter-
est, and while there were a large number of
issues traded in the total transactions were
materially smaller than those of the last few
days. The tone of the market was heavy to
weak, and many of the active bonds scored
important losses. Total sales, 81, ,l0S ,000
The following table shows the prices of active
stocks in the New York Stock Exchange yesterday.
Corrected daily for THE, DISPATCH by WHITNEY
STEPHENSON, oldest Pittsburg members of the
New York Stock Exchange, 81 Fourth avenue: