Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-30
PROFESSIONALS RULE.
CONSEQUENTLY STOCKS ARE DULL
AND DEPRESSED.

| Denver and Rio Grande Comes to the
Front on Reports of tho Company's
Fine NEUTRALITY-SUSPICIOUS. Declining
in Interest-Distillers' \ Weak Point.
| NEW YORK, Jan. 29.--The stock market
again showed the effects of continued ham,
mering by she bears and their allies, the
| traders, but q firm temper was maintained
| during the greater portion of the day and
| Notwithstanding the pressure Of the profess
| sional element prices yielded only slightly,
and even in the specialties, which were at
| tackled as particularly vulnerable, few show
| losses of moment
The foreigners were both buyers and SELL
ers in the market Louisville and Nashville
| being specially pressed 1or sale by foreign
| houses, and that stock is the only one OF the
usually active railroad shares which scored
any material loss for the day. The selling.
however, had more of the appearance OF
professional pressure for effect upon the rest
of the market than ofgenuine liquidation of
long accounts, and the slight influence
which it had on the rest of the list indicated
the temper OF the holders in general.
AS usual OF late, b few stocks monopolized
the marked movements, and while q few
were very strong, Others were equally weak.
The feature OF the forenoons trading WAS
the unusual activity ana strength in Denver
and Rio GTarGa preferred, which scored q
handsome advance aud held it throughout
the day. Ruinprs were aflOat to account for
the moveDaenS that the road was about to
become part of O new through line, but it
is understood that the affairs of the COM
pany are now in better shaps than for years,
and the time has come for movement in
the securities OF the road.
Lackawanna was also strong point, but
its prominence in the market has been
heavily diminished during the last two
DAYS. The movement in Manhattan seems
to have reached its limit. and that stock
further retired during the day, while among
the Specialties Edison Electric came to the
front with large advance on light trading.
The weakest stock, however, was Distillers',
which steadily lost ground all day long, and
showed increased animation on the decline.
The rest of the market was quiet all day,
and traded within narrow limits.
The close was quiet and steady to firm at
small losses IN moststoc Distillers' how
ever is Off "a Louisville & Nashville, IL,
and Manhattan per cent, while Edison rose
Giande preferred IA. and Lackawanna, IA.
The total sales OF stocks to-day were S30,
96l shares, including: Atchison, 1860; Canada
Southern, 4,2lO; Chicago Gas, 1909; Delaware.
Louisville and Nashville, 23020; Manhattan,
500: Missouri Pacific, 1910: Northwestern,
5,Ol5; Northern Pacific, preferred, l0,9s5;
Reading. 1l,6GO st. Paul, 1925: ST. Paul and
Omaha 4, ,72O Western Union, Is, ,465.
Railroad bonds were fairly active, but dis
played firmer temper than for the last few
days without scoring any material improve
ment among the leading issues. Union
Pacific notes continue to lead the dealings
on sales of 4S4, 00j, but scored only small
fractional gain: Kansas and Texas f1rsts sold
l27 OOO and Rea ding thirds l26, 0C0; Milwaukee
and Northern 1918 rose ~ to lI3s4; and Mis-,
souri, Pacific thirds 21a 10 1l5. The total
transactions reached 81, 600.
The following table shows the prices OF active
day. Corrected daily for THE DISPATCH bv
WHITNEY STEPHENSON. Oldest Pittsburg mem-
bers of the New York Stock Exchange. 81 Fourth