Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-08
RUMORS AND STORIES.
Fx-Secretary Whitney Shows His Hand in
Wall Street - Active Stocks Close
Higher-Rnilroad Bonds Ir.
regular, With No Radi-
cal Changes.

NEW YORK, March THE market was on
the whole, very dull to-day, though few OF
the leading shares as usual maintained fairly
active trading, and while prices were lower in
the forenoon rally occurred and majority of
the active shares closed higher than last even
ing. There was very little in the way of news
which had a positive effect upon values,
and stories which may, have had some
influence to deter sales or purchases. The
tenor of these stories was much mixed, and
while Mr.. Walker was said to have accepted
the Chairmanship of the Interstate Associa-
ton, and a representative Of Drexel, Morgan
& Co. was to enter the directory of st. Paul,
the protest of the Wabash against the new
fast trains, and threat to reduce rates unless
they were discontinued. and the renewal of
the uneasy feeling in Paris, were equally power
full.
to have secured control of the New York and
Northern in the interest of the New England,
and large amount of wheat taken for export
helped along the good feeling late in the day.
There was no disposition to buy in the early
morning, and the bears forced prices off by at
tacking the coal stocks and those shares. es-
pecially Reading and Lackawanna, were more
active than for many days, but the concessions
made were only fractional. st. Paul came in
for some attention, but new bull pool was
said to be operating in that stock and its first
price was the lowest for the day. There was
considerable trading also in Union Pacific, but
chief interest in the market was centered in q
few of the specialties. The efforts of the bears
brought most of the list down to something
below the opening prices, which were generally
from L(lA per cent lower than last evening s
figures by noon, when the rumor that Mr.. Wal
ker had sent in his acceptance started rally
and the buying from that time out was bctter
than the selling.
The conspicuous weak stocks were Cleveland,
Columbus, Cincinnati and indianapolis and
Short Line and the former dropped to 20,
recovering only small portion of the loss in
the afternoon rally, while the latter after open
ing up / per cent at 81 and advancing TO IS
rapidly declined to S. Chesapeake and Ohio
first preferred stock was again conspicuously
strong and active, scoring material gain
although the other stocks of that company
failed to respond. Tennessee Coal was the
most prominent strong stock, and both the
common and preferred made marked gains.
Perry Coal however, was also very weak on
light transactions The highest prices of the
day were generally reached in the last hour, and
the market closed dull but firm.
Railroad bonds were irregular with no very
marked movement outside of the weakness in
the Denver and Rio Grande, Western assented
bonds, which lost 2 per cent at S6 The sales
of all issues were Sl.506000. The advances in
clude Evansville and Indianapolis Consols
to Ill, and Wabash first extended ~ to LA.
The following table SHOWS the prices Of active
stocks on the New York Stock Exchange.
Corrected daily for THE DISPATCH by Whit
ney & Stephenson,, members of New York
Stock Exchange, 81 Fourth svenue: