Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-15
NEW YORK STOCKS.
The Effect of Silver Legislation Shows It
self on Wall Street.-The Industrial
Shares the Feature of the
Day-Many Declines,

NEW YORK, JAM 1.-THE stock market to-
day was very active in the forenoon, but be-
came more quiet later in the day, and while
showing still a tlrm to strong undertone, failed
to make any material movement in either di-
rection, and at times displayed considerable
weakness IN spots The great influence in the
market was the silver legislation. Silver Ger.
tificates in the market to-day, on the vague re-
port that the free coinage amendment had been
killed, dropped away suddenly from l071s to
I04, but upon the announcement that the silver
men had accepted the amendment confining
the coinage to the production OF American
mines, a full recovery in the certificates oc-
Cured.
The industrial stocks to-day were the great
feature of the market, being the only ones
showing any real strength throughout the day.
The stocks of the New American Sugar Rein
cry were traded on the board to-day for the first
time, rather, the temporary certificates
representing those stocks, the preferred selling
at 92@95, and the common at IS. 1t may be
noted tha. at the present high prices great
many holders Of the Sugar Trust certificates
are realizing. To this movement may be attri-
buted the check TO the advance In the certifi-
Gates, and at times to-day positive weakness
was shown in them They closed unchanged,
however, after large dealings.
Wall street is showing daily that large ac-
cession OF outsiders are taking part in the
speculation, and this does much TO give hopes
of o continued strong and active market. In
the list of active stocks Of the regular list to-
day there was only one that showed any real
strength, and that was New England; but the
improvement was made in the early trading
after which it became quiet and fuctuated
within narrow limits with the rest of the list
Chicago Gas was still very strong and shows
material improvement this evening, notwith-
standing the passing of the dividend, The
weak spots were Lackawanna and Union Pa
Gift: but even these afterward recovered the
greater portion of their losses and with the
rest, closed at insignificant changes for the
day. The market, after a firm opening, weak
ened, but, after many and quick changes in
temper, closed firm. The final changes snow a
majority of Declines but they are all for small
fractions. while Chicago Gas is up 35%. Tennes-
see Coal "a and New England l1%
Railroad bonds showed a continuation of the
diminution of tile volume of business. the
business in all issues reaching only 81 047, 900,
the tone of the market being faiily hrm,
with some weakness IN spots. The Archison
incomes were again active. furnishing Sl63 900
to the total, while Northern Pacific IS con-
tributed S202 QUO. The final changes are almost
all tor Insignificant amounts, and the few
marked advances include Lake Erie and West
ern lists ~ to los.
The following table shows the prices OF active
stocks on the New York Stock Exchange yester-
day. Corrected daily for The DISPAICH by
WHITNEY STEPHENSON. oldest Pittsburg mem
bers of the New York Stock Exchange, 81 Fourth
avenue: