Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-08
STOCKS RATIFIED
BY the Decline in Pig Iron-The Market
Feverish and UnsettIed-PhiIadelphia
Gas Conspicuously Weak-Rail-
a.

Gas Conspicuously Weak-Rail-
road Bonds Strong.
NEW YORK, May7.-The stock market to-
day was more active, especially in the forenoon,
when there was strong tone displayed, butit
later yielded to the attacks of the bears and
drifted into dullness, finally closing ut but
slight changes for the day. The London figures
came lower this morning, and partly in SYM
pathy with that center and partly because of
the tendency to realize among the traders upon
the reduction in the price of pig iron, which is
in a measure regarded as the barometer Of the
industrial world, the opening here was feverish
and irregular. with no very marked changes
from last evenings prices, the widest differ
ences being only q per cent. There was bull
ish sentiment upon Atchison, and the Boston
operators were prominent in that stock, as well
as New England, which were specially active
in the first hour, and both advanced materially
from last evenings figures.
The Northern Pacific group were also re-
markably strong and Oregon Transcontinental
was bought on talk of a contest at the next
election in June. Missouri Pacific was strong,
partly in sympathy with Atchison and partly
on the talk of an arrangement made with Mr.:
Gould by party who propose TO make bull
campaign with the stock. Among the low
priced shares there were some sharp move
ments, and Denver, Texas and Ft Worth GER
tifieates rose over per cent and Kingston and
Pembroke, which has been neglected for along
time, sold up over per cent. The higher
priced shares, such as Manitoba and Milwaukee,
Lake Shore and Western, also showed marked
strength for time The demand for stocks,
however, underwent marked decrease after
II o'clock, and although st. Paul became active
and moved up fracttonally. the bears took hold
of Atchison and it retired per cent below its
best price OF the morning. The rest of the list
followed and the decline in few of the spec
ialties helped along the general weakness.
Philadelphia Gas was most conspicuous with
a drop of per cent, and Pullman yielded l.
There were reports of much needed rains in
the market, and even the scarcity of Reading
for delivery with the premium of l-64 for use
was powerleSs to rally that STOCK or the rest of
the market. The general list, however, moved
over an extremely narrow range, and there
seemed to be no marked tendency in either di-
rection, the fluctuations being Insignificant.
The heavineSS was maintained until the close,
which was quiet at close to opening figures.
Among the active shares the only important
changes were losses of ! per cent each in
Archison and Canada Pacific
Railroad bonds were again active, the sales
of all issues aggregating SIG, 600, of which
S2l2 900 was in West Shore As, $780, 600 in Texas
Pacific seconds and Sl060 600 In Atlantic and
Pacific As, The market was stronger than on
any day since the holidays, and almost every
thing traded in is materially higher this even
ing. The principal gains were Denver and
South Park Certificates 5 to "a, Flint and
MarQuett is to 122 and Lake Erie and West
ern firsts to ll3
The following table shows the prices Of active
stocks on the New York Stock Exchange.
Corrected daily for THE DISPATCH by Whit
ney g. stephenson, members of New York
Stock Exchange, 81 Fourth avenue: