Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-26
TWO STRONG STOCKS
SET THE GAIT FOR THE REST OF THE
LIST IN STRENGTH.
Being Intensely Dull aud Purely Pro-
fessional-Higher Prices Ara Due Only

They Fail to Prevent tho Market From
Being Intensely Dull aud Purely Pro-
Observation-Disclosures Prices Ara Due Only
to Covering Operations.
NEW YORK. June 25.-The stock market
was tame this morning, the dullness being
extreme. While the trading was confined
almost entirely to the professional element,
and while the tone was strong throughout,
it was due wholly TO the covering operations
of the local operators.
Naturally the stocks which have been
most under pressure for the last week were
strongest to-day, and conspicuous among
them was Burlington. which was the only
stock which succeeded in reaching five fig
ures in the amount of its transactions, and
was the only one in which the extreme
fuctuation reached per cent. As might be
supposed, it led the list in strength ana
closed with a net gain of 1per cent. The
only other stock showing any approach to
this was Lackawanna, which rose n
The rest Of the list were, except Rock ISL
and, New England, Atchison and St. Paul,
intensely dull and almost stagnant though
sympathizing with the leaders in their up.
marked the dealings. however. and the tam
est session of the Stock Exchange in many
weeks finally closed with firm tone at the
best prices, but intensely dull.
Total sales OF stocks to-day, 66, 700 shares,
including: Atchison, 5 100; Chicago Gas,
l,5oO; Delaware, Lackawanna and Western,
l.oW missouri racine, 5,4UU; NOrCnefn Pa-
cific preferred, 1850; New England, s,o5o;
Reading, 1900; St. Paul, 100. -:
Railroad bonds were quiet, but. like
stocks, were unusually barren of feature,
est was the decline in the Detroit Macki-
nae and Marquette land grants of N per
cent to 49s6. The trading reached $5l6 600, of
which the Atchison incomes contributed
$lO6 600.
Futile Bear Attncks.
John NJ. Oakley & Co. received the follow
ing from Watson & Gibson: "The London
market did not cut much Of a figure today
in its influence on our prices. The fact that
the London exchange is closed every other
Saturday for repairs may have signifi-
canoe, and, in due time, an influence, Tor
the repairs may extend to prices and per-
manent betterments result therefrom.
This was a slow market. New England,
Atchison and Chicago. Burlington and
Quincy were as active as ever.
"The first named has not lost its attract
fveness to the speculator, and 1t can be said
of New England that it is the only road run
ming ont of Boston whose stock is selling at
shallow figures; in fact, the others are
nearly all on dividend-paying basis, and
while the local business of many of them is
a profitable and increasing one, the oppor-
tunitles ior New England are equally good,
1t has the best terminal facilities, and while
they are worth big money now they are
continually increasing in value. This road
is practically the shortest line to the West,
and the TACT that Reading has arranged for
an advertised through express train from
Philadelphia to Boston and return indicates
a new line of travel and the additional inn
portance of New England.
"i hicago Gas found some support to-day
on the strength of q Chicago dispatch that
President Benedict had bought an option Of
tho Mutual Fuel Gas Company, Dus NO aotusi
sThs hsnf ~ lament shoved 4 Ioas In TIA