Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-19
ON THE DOWN GRADE.
THE sH ARE MARKET BEAEIsH FROM
OPENING TO CLOSE.
London a Buyer OF Very Feverish Decline
The Industris!s Lead in Weakness,
Especially cordage aad DtstilIers'--Rail-

London a Buyer OF a Very Feverish Decline
The Industris!s Lead in Weakness,
Especially Cordage aad Dtstillers'-Rail-
road Bonds Sympathize with Stocks.
NEW YORK, Jan. 1s-The stock market to-
day was in the hands of the bearish element
almost from opening to close, and material
declines marked the changes in quota tions.
The market throughout was very feverish
with considerable pressure. London was
undoubtedly buyer Mt the decline, and
while the buying from other directions was
good, it was scattering and utterly made
quate to stem the flood of stocks, both for
the long and short account.
The short interest WAS largely increased
by the days operations as indicated in the
loan crowd, and while there was an utter
lack of organized effort the selling showed
many stop orders, which let the whole list
down. The declines were, therefore, very
even and nothing showed any strength.
The opening WAS irregular, but the pres
sure to sell was immediately apparent, and
prices fell away from the opening till we'll
into the afternoon, the Industrials leading
the downward movement, and Cordage pre-
ferred dropped "a and Distillers' per cent
while the leading railroad shares declined
from to per cent. Reading. st. Paul and
Rock Island we're most prominent in the
dealings, bnt other stocks scored equally as
heavy losses. The pressure was relieved
toward P NJ, and the market then fell into
comparative dullness, Dunctured by spells
of weakness and activity; but prices rallied
movement, and the trading remained ut
terly devoid OF feature Tor the remainder of
the day.
The close was quiet and steady to firm,
but AT close to the lowest prices of the day.
The final business of Importance among the
leading shares were: Omaha, ~; Cordage
and Distiliers, each ~ Missouri Pacific and
G.. C., c. & st. l., each 1sss; Reading and Lake
Shore. n; ST; Paul, Canada Southern and
Wheeling and Lake Erie, IL. and Rock
leland and Lackawapna, per cent.
The total sales of stocks today were 4lS,-
56l shares, including Atchison, 21,6l5; Cam
adn Southern, 4,52o; Chicago Gas, Is, $50; D., L.
& W., 7,110; Erie, o. ,050; Louisville and Nash
vile, 10. $50: Missouri Pacific, 1880: North
York Central, 4,745; Northern Pacific pre-
Mail, 5000; Reading S16s0; Richmond and
West Point. d, 725; st. Pant. 80 030; Union Pa
cific, Is, ,955; Western Union, 3,ST.
Railroad bonds were, in close sympathy
with the share list, but the lessss were not
SO pronounced, and only in fsw~of the
speculative issues WAS there any marked
activity. Kansas and Texas seconds con-
t,ibuted 3II, ,00O Atchison incomes 3s6. 900 and
Richmond and West Point 5s 166, 600 to the
DAYS total of 1852 0G0. The Reading issues
were weak and Richmond and West Point
declined 2% to 9215. and New Orleans and
Mobile seconds to 10S.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
dxy. Corrected daily for THE DISPATCH by
WHITNEY & STEPHENSON, Oldest Pittsburg mem
bers of the New York Stock Exchange, 81 Fourth
avenue.