Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-08
rEx-dividend.
STOCK OUTLOOK BRIGHTER.

| The Homestead Trouble Ceases to Be .
Bear Factor-Pounding Of the List in .
Dull Market Continues-wester Shares
| tho Most Prominenf-Union Pacific So
lected as the Point Of Attack.
| NEW YORK. July 1.-The stock market
again subsided into the intense oullness
which was so marked during last week, and
with the cessation OF the heavy bear pres
sure of the last few days brighter temper
marked the dealings, accompanied by ma
| terial Improvement in the quotations of the
leading shares The one active interest in
| the market, however, was sufficiently indi-
Gated by the prominence of the Western
| shares in the dealings, and among these
| stocks occurred the only important move
| ments of the day. The operations were al
! the continued urgent demand for stocks in
| the loan crowd revealed the character of the
selling since last Friday.
The labor troubles were the most promi-
nent subject Of conversation, but they were
| felt to have no direct effect upon the values
of securities. and their depressing influence
having passed, none of the movements of
the day can be ascribed to them. The effort
given up; and the report that the late leader
of the bear faction had returned to the
| market gave encouragement for the time
being TO some selling, and Union Pacific was
begin on. The impression made upon its
price by vigorous drive was only q per
cent, and the attempt was soon given up, a
full rally taking place.
Among the other stocks, both Burlington
ana Sugar were prominent for the advance
in, the early dealings, and the former
touched par. while later in the day Reading
became the most conspicuous strong stock
all the others falling into the dullness which
marked the transactions in the general list.
The street seems to feel now that no more
damage can come from the silver AGITATION
should the House pass the bill.
The size to which the short interest has
attained was demonstrated to-day, and with
very small offerings the efforts to cover re-
suited in materially higher prices for the
leading shares. The dullness resulting from
the cessation Of the pressure to sell was
of prices throughout the afternoon, and the
covering demand became more urgenr as
the day wore on, positive strength being
exhibited in the late trading. The market
closed quiet but strong at the highest
points. The trading reached 1887 listed
and l3, 256 unlisted.
The condition of the exchange market in.
dicates that no more gold will be shipped
this week, and as soon as the silver bill is
disposed of bond brokers look for q re-
sumption OF investment buying, which
passed the bill.
The total sales of stocks to-day were 1876, 1875 |
shares, including Atchison, 6.73o: Chicago
Gas. g. $40; Erie, $500: Louisville and Nash |
vile, 300; Northern Pacific preferred, 4,0sO |
New England. 3sl0; Reading. 36 500; st. Paul, |
26, $40: Union Pacific, H,7O0.
The bond market to-day was very quiet |
and without special feature at any time, |
quotations being barely maintained, though |
q f1rmer feeling was manifested toward the |
close. Final changes are insignificant on a |
business of 9s35000 only.
stocks on the New York Stock Exchange yesterday.
Corrected daily for THE DISPATCH by WHITNEY,
STEPHENSON oldest Pittsburg members of New |
York Stock Exchange. 81 Fourth avenue: