Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-03
SPOTS THINNING OUT.
THE SHARE MARKET FAST LAPSING
INTO DULLNESS.
London, Supposed to Be Rugged on This
Side, a Prominent Factor-Buying Of n
Better Quality Than Selling, Hence
WeaLues~ Does Not Prevail

London, Supposed to Be Rugged on This
Side, a Prominent Factor-Buying of n
Better Quality Than Selling, Hence
Weakness Does Not Prevail. 49,
New YORK, Feb. 2-The dealings in the
stock market continue to show a decreased
volume, and the activity tends to restrict it
self for the present to spots which are PAID
special attention by the shorts or the bears.
London was a factor in the market during
the morning, and the selling was free i'll the
Specialties in which that center Is inter-
ested. While there was - suspicion that the
lower figures sent from London before the
opening here were rugged from this side Oh
the water, it seemed to have no immediate
influence on the speculation.
Later in the day the covering of the shorts
became more pronounced, but all through
the day the buying was seen to be of much
better character than the selling. and with
the professionals ranged on the side OF
lower figures. There was decidedly strong
temper developed in the final trading. The
feature of the late rise was Western Union,
which continued its advance with con-
stantly increasing business, and at the close
it was the most active stock in the list. The
buying was believed to be stimulated by the
insiders. and this fact had much to do with
the strength OF the general list at the time.
ment OF special significance.
The selling of Louisville in the forenoon
did not assume large proportions, and the
impression made on the stock was no greater
than that in any other part of the market.
the concessions under the free covering
being alike in all cases after the opening
losses, which amounted to lB IN New 1ork
Central, and large fractions in Union racine
and Erie. The demand in the loan crowd
was very marked, and the Selling at
the opening was soon seen to be for the
purpose of buying stocks in different
portions of the list, so that the temper OF the
market soon changed for the better, ana
while the advances in the forenoon were
slight in all cases. except Distillers, that Sc
curity was suddenly advanced2 per cent and
as quickly let off over per cent.
The movements in this stock, however,
failed to affect the rest of the market: The
other InGustrials were strong, Sugar rising
per cent on small transactions AS the after
noon wore along the selling became less and
less and the market drifted into positive
dullness. The last hour, however, was
marked by the awakening of new demand,
the shorts becoming specially eager in view
of the strength in Western Union, while the
bull points af1oat were OF the most dlsconr-
aging nature to the bears. Tho fear evil
IDENTIFY was that the Gould interests had en-.
tered upona campaign for higher prices.an
the shorts ran to cover in all portions OF the
list. The demand saw no abatement up to
the final sales, and the market closed fairly
active and strong at the best figures. West
ern Union shows a gain of 2per cent Dis
tillers' rs and Sugar "a, while other changes
are in most cases fractional gains.
Total sales of stocks to-day were 2lS,54
shares, including: Atchison, 1851: Chicago
Gas, $50: Delaware, Lackawanna and West
ern, $50; Erie lS 155: louisville and Nash
willie, Is, ,023: Manhattan, 3, 14O Northwestern,
1876; Northern Pacific preferred, $500; New
England, $500; Reading 10, 700; st. Paul, p 200;
Union Pacific, IL ,5OO Western Union. 81, 800.
Railroad bonds were comparatively quiet,
among an unusually large number of issues,
the total sales we're only 2,404 ,0C0, out of
which Atchison incomes contributed l22. 600;
Kansas and Texas seconds, Isl 600; Nickel
Plate. As, l2l, 900, and Union Pacific notes.
l0l, ,OO0 The temper of the market continued
strong within narrow limits, however, and
while only Iowa Central firsts showed any
material advance among the active issues,
almost everything is higher. .H
The following table shows the prices OF active
day Corrected daily for TIE DIsPATCH by
WHITNEY & STEPHENSON: Oldest Pittsburg MEM
bers of the New York Stock Exchange, 81 Fourth
avenue: