Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-02
sEx-dividend.
WORKING CHICAGO GAS.
CHICAGO sPECULATORs MANIPULAT
ING THAT SECURITY.

| 1t Ia Believed They Have It at the Price for
Which They Have Been Operating-In-
terest Lively in Richmond and West
Point.
NEW YORK, July 1.-Any change in the
| temper of the stock market was hardly to be
| expected to-day and the dullness which has
been so marked during the week was, it any
thing. intensified, while the interest in the
| trading was reduced to nothing, except in
| the few stocks under manipulation by the
| Chicago spectators. The rumors of litiga-
tion against Chicago Gas in all cases are i'm
possible to confirm, and while the stock
| continued to be pressed for sale to-day,
making it the only feature of the market
there was no reason to doubt that the decline
| was the result of raidng pure and simple, and
| that, when the price has reached such a
point as meets the approval OF the specu-
| 1ative managers who have its market inter-
| ests in hand, there will be full and free
recovery. Another loss of 2 per cent marked
| the trading in it to-day, but the substantial
| rally of over per cent from the lowest point
would seem to indicate that such point
had now been touched.
There is still great interest manifested in
Richmond and West Point affairs, and the
hope was expressed chat the position of
Drexel, Morgan & Co. might be modified;
but the steady decline in the securities OF
dullness into which they have fallen, would
go to show that there is little hope of such a
thing among the holders of the securities.
The troubles of the Texas Pacific are, also,
reflected in the steady decline of the prices
OF its securities on the smallest transactions,
but all these have lost their influence over
the rest of the market, and dullness and
stag natfon remain undisturbed in the gen.
eral list with q dropping tendency as the
natural result of the dullness.
The approaching holidays and the election
campaign in England also limited the mar
ket and took away elements of strength.
The disbursements for dividends and inter-
est will be very large and are reckoned by
some authorities rs high as 500 000, ,000 and
the reinvestment of this money will tend to
keen up a good investment demand in the
market. The sales of the Investment stocks
in the last few days would seem to indicate
that some one had been anticipating the re-
ceipt of the cash.
The market during the afternoon sank
into the most oppressive dullness seen dur
ing the week, and the close was stagnant at
about opening figures. The transactions
were 96 694 listed and 4.3s5 unlisted.
The total sales of stocks to-day we're l01 049
shares, including: Atchison, $3.50; Chicago
Gas, 81 1876; Northern Pacific, preferred, 4, l28;
New England, II, go; Reading. $500; St. Paul,
6525
Railroad bonds, owing to the increased in
terest in the Atchison incomes over the sue
cess of the conversion plan, displayed a
little more animation, and q few issues were
higher, though the list, as a rule, was with
out feature or interest.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by W HIT
NEY & STEPHENSON, oldest Pittsburg members of
the New York Stock Exchange. 81 Fourth avenue: