Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-06
WALL STREETS REVIEW.
STOCKS HEAVY UNDER HAMNIERING
BY ROOM TRADERS.
The Vanderbi1ts Looked Upon as = Potent
Force in the Market-Changes Unim-
portant-RocIk Island Leads in Strength,
Union Pacific in Weakness

The VanderDilts Looked Upon as . Potent
Force in the Market-Changes Unim-
portant-RocH Island Leads in Strength,
Union Pacific in Weakness.
NEW YORK, Oct 5.-The stock market to-
day exhibited heavy tone under the per-
sistent hammering to which it was subjected
by the room traders, who seem to think that
because OF the decided rise which has taken
place between Friday and this morning
there should be chance to reap some imme-
diate profits by turn in prices. The conf
dence in the future of the market, however
proved to be such that new buyers came in
at every decline, and the downward move
ment which prevailed during most of the
afternoon was slow and the net losses are in
almost all cases insignificant. The decided
strength shown by the Vanderbilt proper
ties is looked upon as q sure indication that
that powerful interest has returned to the
street and is working for better market
The day was one of little or no excitement,
and no news of character to cause any
movement either way was developed. There
was only one conspicuous weak point in the
list-Union Pacitic-and the loss for the day
in that was fraction only, while Rock
Island and several of the specialties were
very strong, and especially during the fore
noon. Lake Shore, Wheeling and Lake Erie
both common and preferred, and Chicago
Burlington and Quincy showed marked
strength throughout the greater portion of
the day.
The demand for stocks was very heavy Mt
the opening, and the pressure to sell from
both short sellers and realiZations met q re-
sstance, which resulted i'll the advancing of
quotations during tho first hour from j. to
"a per cent, Missouri Pacific and Lake Suore
among the active stocks, and Tennessee
Coal among the low-priced shares leading in
the movement, which, however came to an
end when the early demand was satisfied A
reaction followed, Rock Island, Atchison and
the Wizards being the most prominent for
strength, but the trading then lost all char
acter, and during the afternoon prices slowly
settled down without special movement in
anything outside of Union Pacific and no
special feature marked the dealings for the
remainder of tile uay.
Rock Island continued to lead the list in
strength, but it, too, gave way finally and
lost most of its improvement. The traders
did most of the selling, however and kept
the market unsettled throughout the after
noon. The market finally closed only fairly
active and heavy to weak, generally at
about the lowest prices. The final changes
however, are almost all for small fractions
and show great irregularity,w while an advance
of l2s per cent in Tennessee Coal is more
than offset by losses of u in Union Pa
cifc and per cent i'll Northern Pacific pre-
terred.
Railroad bonds were stronger than usual
of late, and a larger number of issues were
traded in than for some time. Many of the
leading active issues are materially higher
than the last previous sales this evening
The total busines wasS ,435, ,0O0 The highest
and closing quotations were: