Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-20
TWO POINTS FOR BEARS.
GOULD's PROBABLE ACTION AND THE
CHILEAN WAR SCARE.
Between the Two Influences Shares Arc
Squeezed Way Down-Rumors Of Anti
Trust Litigation Contribute to the Same

Between the Two Influences Shares Are
Squeezed Way Down-Rumors Of Anti
Trust Litigation Contribute to the Same
RcsuIt-Railroad Bonds Irregular.
New YORK. Jan. l9.-The stock market
to-day was both active and decidedly weak,
the pressure against the list being con-
tinued The supposed imminent war with
Chile was again one OF the most prominent
topics of conversation on the street and an
important cause of the weakness.
The probable course of Mr.. Gould and his
associates however, was a more fruitful
topic with which to depress stocks in the
railroad list, and rumors Of new litigation
under the antitrust law resulted in special
weakness in Distillers and other Industrials.
There can be no fault found with the con-
dition of the money market, as funds are
very abundant. The traders were all on the
short side to-day, and considerable selling
by bulls who have held on too long went to
make up the large business OF the day, and
while there was some covering to take
profits on the declines of the last few days,
which did steady the market in the last part
of the afternoon, and some sustaining orders
in few stocks, the pressure was so heavy
and persistent that the downward move
ment, after a very weak opening, was almost
steady throughout the greater part of the
dav.
First sales were from "A to per cent lower
than last nights figures. The Industrials at
once took the lead in the decline, but the
Changers we're not far behind, and the losses
among the active shares were again remark
ably even and well distributed. The cover
ing movement assumed no importance till
the last hour, when in a few stocks material
rallies were made, but these failed to wipe
any large portion of the previous losses.
The final declines are heavy all through the
list.
The close was quite unsettled, though
f1rmer temper existed owing to the rally.
The final declines of note include: cotton
Oil, 2ss: Rock Island, ~; st. Paul and Louis
vile, IzS; Cordage and Missouri Pacific, 15s;
c., c., c. & st. L., Chicago Gas and North
Union Pacific. 1sss; Erie, N and Burlington,
Canada Southern and Wheeling and Lake
Erie preferred each per cent.
The total sales of stocks to-day were 490,-
535 shares, including Atchison, 3527s; Can
ada Southern. $3.50; Chicago Gas, "a go: Erie
S,450;LouisviIle and Nashville, % 1876; Missouri
Pacific, II 070; Northwestern, 9.slS; North
American, l2070: New York Central, 4, loo;
Northern Pacific preferred. 49,. 237; New Eng
land, 1885, Reading, 20,640 Richmond and
West Point. $3.50; st. Paul, 40.9ls; Union Pa
cif1c, %, ,27S; Western Union, 1885,
Railroad bonds were also very active, but
while in the main displaying heavy tenn
per there were few material losses, and con-
siderable irregularity existed in the move
ments Out of a total OF 2 967,c0o, Atchison
incomes furnished 42S 0O0: Kansas and Texas
seconds 42l, 600, and Reading seconds, 276,-
GOO, or between them about one-third of the
business of the day. None of these, except
the last. showed any material change, that
losing u to 55A.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
bers of the New York Stock Exchange, 81 Fourth
avenue.