Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-10
INDUSTRIALS NOW LEAD.
RAILROAD STOCKS DIDN'T COUNT IN
YESTERDAYS MARKET.

Sugar Shows the Widest Fluctuations on
the Announcement of a Dividend-Chi-
cago Gas Follows in Activity-A Few
Losses in Railroad Shares.
NEW YORK, June 9-The street is still in q
waiting attitude. The market was very dull
and uninteresting for the railroad list, out
side of the few shares Influenced by special
causes and the whole attention of the trades
concentrated upon the Industrials. The
meeting of the directors to act upon the
question of the dividend was a source of
strength to Sugar, and the announcement OF
the dividends was followed by further i'm
.provement, Chicago Gas following with a
mere limited luctuation.
The shipment of gold to-day by August
Belmont & Co., while it had some influence
upon the general list, was used principally
against Louisville and Nashville, and free
offerings were followed by material de-
cline in the value of the stock. The rest of
the railroad stocks, the coal shares, were
looked upon with less favor than the others.
and both Lackawanf1a and Jersey Central
were depressed on light trading.
The general market showed the apathetic
condition of operators minds. and while
st. Paul, as usual, with Atchison following,
showed some animation their movements
throughout the day were devoid of interest.
There is q disposition manifested to again
bank upon the July disbursements, and
many houses are looking forward to that
date to see some revival of the demand for
bonds, which seems to be entirely lacking at
present, and the absence of such demand Is
one of the depressing influences in the stock
market.
The opening of the market this morning
was made at some decline from last nights
figures, except in the In dustrials, which
were all slightly higher and made further
Improvement in the early trading. A heavy
tone marked the dealings in the regular list
throughout the day, and the attack upon
though large portion was recovered before
the close. Northwestern was the weakest
point in the list, selling ex-dividend at 8 per
cent. 1t retired 1A per cent at the close
The coal stocks followed, though a late rally
in Lackawanna recovered most of the loss
in that stock.
Tue rest of the list remained within the
st. Paul fuctuating over range of only "a
per cent. The market finally closed dull and
steady, but generally at small fractional
losses for the day. The advances in the In
dustrials were on the same scale, as a late
weakness neutral1zed large proportion of
the movement of the morning. The final
changes of Importance include only losses of
13z in Northwestern and / per cent each in
Jersey Central and Louisville
There was the usual insignificant trading in
railroad bonds, and while the sales reached
q comparatively large number lof issues
there was no movement, and heavy tone in
strict conformity with that in shares pre-
vailed. All are lower, but the important
changes, as usual, are only among those
issues which are only occasionally quoted.
The total business was only $536, 00O
The following table shows the prizes Of active
stocks on the New York Stock EXCHANGE Yesterday.
Corrected daily for THE DISPATCH byIWMTNEY&