Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-16
BEARS SLOWLY GAINING,
BUT STILL TOO WEAK TO CREATE A
SLUMP IN STOCKS.
Professionals Again Almost Monopolize the
Market-Large Interests Holding on in
Hope of Rise-Sugar the Weakest
Lake Shore the Strongest.

Professionals again Almost Monopolize the
Market-Large Interests Holding Off in
Hope of n Rise-Sugar the Weakest
Lake Shore the Strongest.
| New YORK, Jan. b.-The stock market con-
tinues to show q diminishing volume OF
| business and the trading grows more and
! more into the hands OF the professional
element from day to day, while prices are
| held within comparatively narrow limits,
| as rule, and quotations slowly declined
| under the pressure brought to bear by the
advocates oflower prices. The larger inter-
| ests in the market are evidently downcast
| or waiting for new Developments, and the
| professionals, to some extent, again have
the making CT prices. The party looking
for decline, however is not strong enough
| to force the market, and only here and there
an impression is made from time to time,
| the list, as rule, showing the most pro
nounced strength when the limited demand
| is taken into consideration. Holders of
| stocks are confident that the steadily in
creasing business shown by the railroads
must in the near future result in another
material upward movement. and they, there
| fore, cling tenaciously to their stocks.
To-day there was little feature i'll the deal
| ings, and the few marked movements were
! the results of special pressure ut special
| times. Sugar was the weakest point in the
| market 1t sold down from S3;S to So and
after rally to above 81 it yielded again to
| the lowest price of the day. New York Cen
trail was remarka BILE for the suddenness of
its decline from ll515 to H. but it was Of
| fered down at time when no one was by TO
take the stock. and a quick recovery to 115
followed the absorption of the offerings.
| On the other hand Lake Shore was run up
| "a per cent in the same manner and re-
tanned most of its gain. There was large
trading IN st. Paul again, but it was held
| fnirly steady throughout the day within an
extreme range of only q of per cent, most
stocks being traded in over q like small
range.
| temper OF the market did not permit any
material change in its price, while Rock
Island and the Gould shares were inclined
to weakness. The cordage shares were sold
eX-dividend, and displayed very strong
| tone i'll the final dealings, in sharp contrast
to the rest of the list, and especially the
other Industrials. The Chesapeake and
OhioS were still active, but the new develop
ments in regard to the property had no in
huence to advance the quotations, while the
common fell away more than any stock e4-
cept Sugar.
The opening was very active and strong,
but Notwithstanding some buying by Lon
don and scattering purchases by domestic
operators, prices were brought below the
level of the opening figures during the first
hour and kept there during most of the fore
noon. a slow rally was followed by further
depression i'll the late dealings and the mar
ket closed quiet and heavy generally at
something under last nights prices. Sugar
lost 33s and Chesapeake and Ohio "a
The total sales of stocks to-day were 323,-
s4S shares, including: Atchison, 80 945: Chi
cago Gas. 74oO: Erie, $3.50; Louisville and
Nashville, l095S; Missouri Pacific, 6 975: North
western, 1850: New York Central, 4.945:
Northern Pacific preferred, 1850; New Eng
land, u, sos; Reading, 5;645: Richmond and
West Point. 9.35o st. Paul. 259ls: st. Paul
and Omaha. 1910; Union Pacific, 4,sl0.
Railroad bonds were comparatively quiet
but displayed firmer temper than Stocks
an advances q close n II pr
Gus than yesterday. The total transactions
reached 252S,000, out of which Kansas and
Texas seconds contributed 373, 600; Richmond
Pacific incomes, $4,000. The last-named
issue was the strong point in the active
bonds.
The following table shows the prices of active
stocks the New York Stock Exchange vcsIer-
day. Corrected daily for THE DisPATtM by
WHITNEY & STEPHENSON. Oldest Pittsbarc mcni-
bers of the New York Stock Exchange, 81 Fourth
avenue.