Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-26
FLUCTUATING STOCKS.
THE MARKET RULES WEAK WITHOUT
THE HELP OF CHILE.

Professionals Rule the Share List-A Period
of Strength SandwIched Between Two
Heavy Drives-Railroa Bonds Quiet
With Quite Fair Business.
NEW YORK, Jan. 25.-The stock market to-
day was almost entirely in the hands of the
professional element, and their efforts re-
suited in generally lower market, though
most stocks show only fractional losses. The
whole list was under the hammer from time
to time, especially in the first and last hours,
and the short interest now in the market is
very heavy considering the size of the mar
ket. The lower prices to-day were almost
entirely due to the efforts at depression, and
when the pressure was removed dullness
and frmness marked the dealings.
The renewal Of War news on the Chilean
situation was again used to make scare,
but had, apparently, little effect and it is
the opinion of the heaviest and most con-
servative financiers that the effect of a war
would be to make active business and ad-
vance prices in Wall street. On the strength
of the threatening aspect of affairs, how
per cent lower than Saturdays final prices,
but while Lackawanna showed the extreme
loss at the opening, it could not be kept
down, as there were rumors OF corner and
some buying for cash, while it loaned at a
premium of l64 and it shot up nearly per
cent There was more success in the In
dustrials, however, and Sugar dropped 2 per
cent, and Distillers, on vague runorS, lost
almost all of it's advance of Saturday.
The cessation of the pressure and the COW
ering of shorts rallied the list to beyond the
level of first prices. The strength in Man
haitian on the late decision in favor of the
company, helped to place prices on mate
rally higher level Dizziness became the
principal feature, and late in the afternoon
prices again yielded when renewal of the
mornings pressure was made, and everv-
thing ran off rapidly except Wheeling and
Lake Erie preferred. The losses sustained
in addition to those of the opening were
marked in most of the leading active shares,
Louisville, c., c., C. s st. L., Burlington and
Lacllawanna being specially weak at the
time.
the pressure, at about the lowest prices of
the day in most cases. The final losses of
note include Wheeling and Lake Erie and
Louisville, each 13s; Rock Island, u: Sugar,
c., c., C. & st. L., Burlington, Distillers and
Wabash preferred, each III, and Northwest
ern, per cent
The total sales of stocks to-day were 307,-
5l2 shares, including: Atchison, $500; Chi,
cago Gas, 22.s1O; Della ware. Lackawanna and
Western $40; Erie, S,S25; Louisville and
Nashville, c0S50; Missouri Pacific, 3,17l;
Northwestern, 1888; Northern Pacific pre-,
West Point, l2,99s; st. Paul, 14,3lO: st. Paul
and Omaha, $780, Union Pacific, 7,4s0.
Railroad bonds were more duiet than
usual of late, but fair business was trans
acted and the demand kept a firm temper in
the market, despite the weakness in the
share list. The Chicago and Erie incomes,
South Carolina incomes ana Union Pacific
notes were the active speclalt1es furnishing
167 OOO 2l3 OOO and 335, 900 respectively, to the
days total of 2,S94,OO
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
ber Of tne New York STOCK EIchanT sFoarth
avenue: