Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-12
LONDON IS A SELLER
And Stocks Take a Tumble, Though
Declines Are Slight.
L&N. SHOWS THE MOST WEAKNESS
Burlington Rules Strong on the Crop Re-
port but Loses Its Gain.
C0RDAGE AND S. & W. STOCKS ADVANCE

NEW YORK, July 1.-The stock market
seems still unable to escape from its dull
and listless condition, and to-day there was
the same Insignificant trading, while the
fluctuations in the general list were even of
less importance than those of last week
Sales for foreign account were the principal
feature in the making of prices, but while
these were prominent only in the Louis
vile and Nashville, st. Paul and
one or two other stocks, they,
in the absence of any particular
demand, served to give the whole list a
heavy to weak temper despite the favorable
nature of the Government crop report. This
latter influence, however, seemed to have
been fully discounted and no more than
served to check the declining tendency
inaugurated BY the sales for foreign account
The indisposition to trade was never more
marked, and apart from the few leaders the
whole market remained oppressively dull,
and without character throughout the entire
session, though sympathy with the active
shares caused a heavy temper and dropping
quotations in the forenoon.
l. & n, was the weak point in the list, the
early dealings, and at its lowest point it
showed loss of e per cent from its final
figure of Saturday. How much of this sell
ling was for foreign account is q matter of
conjecture, but there was a notable absence
of support, and its price yielded readily for
some time. On the other hand Burlington
was inclined to respond to the improved
prospects of the corn crop as indicated
by the Government report and
fractional advance in the face of
the general weakness resulted in the early
dealings. but this gain could not be main
tanned, and with the rest or the list it retired
below the level of its first price st. Paul dis
played some animation, but the only other
feature was the weakness in Louisville and
Nashville, and later in Union Pacific, fol-
lowed by special movements in Cordage and
the SusQuehanna and Western stocks, the
last two being advanced and per cent re-
spectively without opposition.
The market finally closed dull and barely
steady after one of the most uninteresting
sessions ever held.
Railroad bonds were quiet in the main,
but there was renewed inquiry for the
Reading issues, and all the Junior issues
were largely traded in at advancing prices
though the gains were not of special i'm
portance except in a few OF the inactive
bonds. The market displayed no pro-
nounced feature and the tendency was
rather in the upward direction, no sympa-
thy being shown with the decline in stocks.
Burlington convertibles rose lH to 10ST, but
san Francisco IS lost at l07. Other changes
were generally insignificant.
Government bonds were dull and steady
Close of the list:
U. S. Is reg .ll64 Mutual Union 6ss ITO
do As coup .l161 n. j. c. Int. Cert .llO
do 4sss reg 100 Northern Pac. lists. ..ll6
Pacific 6s of '....lO6 do do 2nds'Il4
Louisiana STAN d. As. slH n northwestern Con- tI4
Tenn. new set. 6s.. .1O7 do DE ebentures SIS 1O5H
do do 5s....lO1 st. L. & 1. NJ. G. IS. S5S
do do 3s... 74It st. L. S. F. G. M lO7
Canada So. 2nds..... 1o3 St. Paul Consols ISx
Cen. Pacific lists. los St. Paul. c. z. lstsI17b
Den. r. G. Ists'.-.l Tex. P. L. G T. Rcts rs
do do 49,. 80 Tex. P. r. G. Tr. Rcts Is
Erie 2nds. l0i& Union Pac. 1sts 1O6A
NJ, K. & I. Gen. 6s.. so West Shore......-..l l02N
do do 5s.. 49, Rio G.. W........... so
sBid. 1Asked.