Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-01

$: nd @ 5@ 5@TeF Rss g ss sas ss
stRM&M Dis @Ii1s I q II = i q ist. 4 . I &
TsAa 4. 4 \ Mist Is; s. ssAS = - hes ' 9'''
The total sales of stocks to-day were 81, $50
shares, including the following: Atchison,
U' C,SaG1 was as le II seo Ers as Nerth
American, 2 800: Richmond and West Point,
$685. st. Paul, $500.
The Railway Situation.
John NJ. Oakley & Co. received the follow
ing: "There is one fact patent to all students
of railway statistics, namely, the constantly
growing volume of traffic. So far this has
been accompanied by constantly diminish
ing rate per ton per mile Tor transportation.
There is more reason to expect that the low
est possible rate tariffc will soon be reached
than that the ratio of growth of traffic will
be reached or stopped. When the tendency
of rates to fall is arrested the growth Of
traffic continuing the railways will enjoy a
new era of prosperity. 1t is not unreasona-
BILE to suppose that We are approaching the
period when competition and legislative
interference will have done their worst;
then railway securities will have become a
more secure and profitable form of invest
ment.
THE bull card in the market was Chicago
Gas, though it is not trump to be partfcu,
larly proud of. 1t rose two points. There
was an assault on the Coalers, but they did
not yield any further than short sales might
be expected to make them yield, and that
was fractions.
"The bank statement was fully as favora-
Bile as expected. While the loss in reserve
sanea s' IN 0 net the spees eanks RehmonS
affairs are the subject of a good deal of gos-
sip. Mr.. Inman, its President, is man OF
powers and resources, and it will not do to
reckon on his deserting the property. The
ia ba Eat wi no iph
and more active Wednesday at advancing
prices"
Awaiting Market.
Henry Clews s Co. say: 'Still we have on
Wall street the stagnant and feably- -oscilat-
ing condition of speculative business that
has prevailed for six weeks past. The inter-
est in the stock market is almost entirely
confined to the "room traders;" the outside
public are absent or Hstlessly waiting.
There is one fact, however, that deserves no.
tice, viz, that the constant attacks of the
bears fail to produce any general or impor-
tant yielding in prices.
"This suggests that there is confidence
enough to induce persistence in holding;
and probably also means that margins are in
good shape, which is the more probable
from the fact that those now in the market
have made handsome profits out of the ante
probable that, if the bears are intent upon
persisting in their effor.s to break prices,
they may find 1t to be a long undertaking
and one that will need to be kept up until
holders are willing to sell from sheer weari-
ness of waiting. These are among the con.
siderations that make the leaders OF specu-
lation willing to defer buying until we aro
nearer to the maturer effects Of our large
crops"
The Close in Stocks.
The following table shows the prices OF active
stocks on the New York Exchange yesterday.
Corrected daily for THE DISPATCH by VIII rNEY
STEPHENSON. Oldest Pittsburg members of New
York Stock Exchange, 81 Fourth avenue;