Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-13
BACK TO STEADINESS.
THE STOCK MARKET SETTLES DOWN
TO ORDINARY BUSINESS.

Bear Attacks Less Effeciive-some Large
Gains in the .aci.v4 List-stop Orders
About All Filled - Union Pacific the
Actual Leader .smong Shares.
NEW YORK, Jan. l2-The stock market to
day settled down to an ordinary volume OF
business. There was decided activity in the
first and last hours, in each of which all the
important movements were made. The
bears continued their attacks but not with
the success that attended their efforts yes
terday. and the most conspicuous result OF
these operations have been to increase the
outstanding short interest in the market
which places the specula ton in q much bet
ter shape, as the stop orders have. it is be-
lieved, been about closed out by the eNccu-
tion OF some in New England to-day.
The buying throughout was of Il much bet
ter character than the selling, and the de-
clineS were in all cases unimportant and OF
short duration. The weakness in Distillers
may he taken as a sample, completely disap-
pearing after the first raid, and the stock
closed materially higher. This is also in the
face of the weakness in Sugar.
Reading again led the list in point OF ac-
tivity, but Union Pacific Was the actual
leader OF the market, and il displayed con-
siderable strength without making any
material change, its range for the day being
within per cent. TIE other Gould stocks
were very quiet, and Missouri Pacific in
particular, but the latter displayed more
strength than the Others and closed with a
substantial advance. The boom seems 10
have eliminated, and the execution OF few
stop orders to-day ratified if OF per cent,
but it seems TO be the intention of its man.
ayers to permit no decline at present, ana
it was aiteruard held steady to firm. The
only features among the ow-priced shares
to-day were the Kansas and Texas Pre- ferred
and the Susquehanna and Western stocks but
late in the day Richmond ana West Point
again came to the front, but too late to make
an important gam.
oay nJal isSF -,-r- -str = tla
but after temporary setback by the bears
rallied and became dull within narrow linn
its, and when the buying was resumed in
the last hour again moved forward moder-
ately, the close being active and firm to
strong generally at insignificant changes
from last nights figures. The active list,
however, shows some large gains, and
while Sugar lost per cent, Omaha is up ~,
Chicago Gas ~, Lackawanna lk Reading
Distiilers ard Missouri Pacific each per
cent. and Delaware and Hudson, which was
the feature Of the late trading, 3 per cent
Tie total sales of stocks today were 37I,-
e3l shares, including: Atchison, I3 7c0: Chi
cago Gas. Il, !,4a}: Delaware, Laclla wanna an
Wes;cln ". 7,.C0 Delaware and Hudson, l. Is6:
Erie, 9,952: Louisville and Nashville 6S51:
Nc:-rhweSt ar.i. S. leo: Northern Pacific Dre-
farred, g, iG5 New England 2lS53; Reading,
4S.04G: Richmond and West Point. u 80: ST.
Paul. Ia,o45: s.. Paul and Omaha, 4,6lO; Union
Pacific, "A 6iS
Railroad bonds were more quiet and
lacked the strength which has marked the
dean~gs in them of late, and the more
pron:A 1t issues settled away somewhat
making a majority Of losses a the result of
the days operations. The t1nding reached
only 2,412 600, in which the Reading firsts and
seconds, the Atchiaon incomes and the
Kansas and Texas seconds were the most
prominent
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DiSPATCH by
WHITNEY & STEPHENSON. Oldest Pittsburg MEM
bers of the New York stock Exchange 81 Fourth
avenue.