Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-21
DOWN TO DULLNESS AGAIN.
THE SHARE MARKETs LESS ACTIVE
THAN FOR FORTNIGHT.

Most OF the Changes Fractional Losses
Lake Erie and Western tho Strongest
Foint-Prospective Legislation In Ne.
braska weakens the Graneers-Bonds
Less Active.
NEW YORK, Feb 2o-The stock market to-
day was quiet. dull and narrower than for
any day during the last two weeks, while
displaying decidedly weak tone under
pressure to sell for the short side of the
account. London was a seller to some ex-
tent, but the opening was quiet and fairly
steady, generally at insignificant changes
from last nights figures either way. but
Chicago Gas was up L per cent. Realizations
in it, however, forced its price off rapidly in
the early dealings, and the opening gain was
soon lost, carrying the rest of the list
with it.
Other changes, except in Lake Erie and
Western, which was the strons point of the
list throughout the session, rising per cent,
were for small fractions only. The Coal
stocks were very quiet, but firm to strong;
but the Changers yielded to attack because
of the reports OF probable adverse legisla-
tion in Nebraska. Burlington sold ex-rirhts
and eX-dividends, and opening off 2LS re-
tired over per cent from its opening figure,
with Rock Island in close attendance
Prices halted toward the end OF the first
hour, but the issue of the bank statement
was the signal for a moro vigorous assault
on the list, and Union Pacific and the
Changers in general were made the special
points of attack in connection with Chicago
Gas. All retired materially In the last few
minutes and the market finally closed
active and weak at about the lowest prices
of the day. The final changes. however, are
generally fractional losses, but Union Pacific
and Rock Island are each down IL, with
Burlington equivalent to about the same
and Jersey Central per cent.
The total sales OF stock to-day were III. .9SS
shares, including Atchison, 9,465; Chicago
Gas, isis; Delaware, Lackawanna and
Western, 4,Soo; Erie, s $50 Hooking Valley,
$500; Louisville and Nashville, 3,525; orth
$780, New England, 6,409; Reading, 21,5o0;
st. Paul: lO,725; Union Pacific, 4,44S; Western
Union, 1896
Railroad bonds also displayed a constantly
diminishing volume of business the sales
for the two hours being only $99S 0O0, while
the Reading thirds only showed any special
animation, furnishing Sill ,OOO to the grand
total. The temper was generally firm within
narrow limits, and the final changes are
without significance in most cases.
The Gold Export Scare.
John NJ. Oakley & Co. were wired to this
effect: ''The market today has been under
the shadow of gold exports and the reported
movement of Governor Boyd, of Nebraska,
to get the opinion of the Legislators as to
the propriety Of calling special session Of
the Legislature to reduce railway tariffs.
"A million !. gold was was engaged, and the
millions more yet to go. The predictions as
to the extent of gold exports are no more
reliable now than the prophecies of the
same persons who, last December, said we
would get large amount of gold from
Europe the first of this year. We said in our
letters that we could not explain tho
the theory that heavy sales of stock were
such S 'aiss Ss ssp.ns.,ons 'ss Of 3 SsnrsSs sSs
and their predictions have IL bssn fAisiasd