Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-02
INDUSTRIALS WEAKEN.
THE STOCK MARKET LISTLESs, WITH
e.. OUT MARKED CHANGES.

Only the Last Hour Sees a Change in the
iIndustrials-A Raid on Reading, Owing
to an Injunction, Depresses the Entire
Market
NEW YORK, June 1.-The stock mar ket to
| day was less interesting than that of yester-
| day, and the transactions of significance
were narrowed down to three or four stocks,
the rest of the list presenting the usual dull
| and listless appearance, their fluctuations
being confined within extremely narrow
| limits. No change in the general situation
| seems likely to be made until the crops are
| we'll forward.
The granting of preliminary injunction
| ing the Port Reading Railroad from operat-
ing the Jersey Central, was made the basis
Of an attack upon foe Feadis, nnG the m early %
OF something over per cent. the infiuen ce
OF this did not outlast the forenoon, and a
partial recovery was followed by dullness.
Northern Pacific preferred was the other
| special point OF attack, but rhe change was
measured by smaller figures than that in
Reading.
Burlington in the forenoon and Louisville
and Nashville later in the day were sub
jected to some pressure. but with St. Paul
and Erie they were held within compara-
tinued to be the strong features of the
market, but in none of these, even. was the
| range of prices OF Importance.
The general market showed the effects of
yesterdays drive at the opening, which was
made at lower prices, Reading leading with
a loss of H per cent, but the rest of the list,
except one or two. showed only slight losses:
The bears concentrated their efforts at first
on Reading, but later Northern Pacific pre-
ferred was taken in hand and Louisville and
Nashville followed. The declines in these
eral list, ana as quotations went down more
stubborn resistance was met which COM
PEELED the operators for lower figures to turn
their attention to fresh fields Accordingly,
such stocks as C. C. C. & St. L., in the alb
sence OF support were suddenly attacked
and driven down from 67L to 65; Erie pre-
ferred from 66 to g. and Jersey Central was
remembered late in the day and sold off
from l40 to 1881. Oregon Navigation also
sold down to IS, but recovered a portion of
the loss, rallying to 81. Burlington, Rock
Island and ST. Paul were pressed for sale,
but the resistance was so efficient that the
f1uctuations.of neither reached more than a
traction.
Prices became heavy under the continued
pressure, and generally retired to a shade
below the opening. The close was heavy,
though quiet at Insignificant changes in
been the strong point in the market, we're
dropped suddenly in the last hour, and the
Lead stocks are lower this evening. Among
the active stocks fna! changes are fnsigni-
ficant, except in Reading which lost per
cent
The total sales of stocks to-day were 24s-
Cs5 shares inSud,ng ,n IAtenispn, chi loI35; chi,
Nashville. F,7S3; Northwestern $500; North
ern Pacific preferred, 1897; Reading, ,4s5;
st. Paul, 2l9lO; Union Pacific, 400.
Railroad bonds, in the main. were still
firm to-day, but there was less anima ton in
the list. The Reading issues developed
some weakness, following the stock, though
no material loss occurred. The sales reached
16l5.OOO. with special activity in Atchison
incomes, Detroit Mackinac and Marquette
land grants and the Readings.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by WHIT
NEY & STEPHENSON, oldest Pittsburg members of
the New York Stock Exchange. 81 Fourth avenue.