Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-07
WALL STREET Ratified.
Bears Raid the Stock Market and Pull Down
Prices All the specialties Lower
Foreigners Heavy Buyers
R0uda 0uiaf. ....


NEW YORK, March 6.-The stock market was
somewhat more active to-day. and ON the whole
was feverish and quite irregular, with gener-
ally heavy tone and most stocks tonight are
fractionally lower than last evening, London
figures this morning were slightly lower. but
the foreign buying to-day was considerable,
and aided in resisting the attacks of the bear
ish element upon the list, while the buying for
domestic account was of the best character,
and the selling was confined almost entirely to
the professional element.
The anxiety felt in some directions in regard
to the standing of the French Copper Syndicate
gave the bears an opportunity of making prices
in the forenoon, and although most of the list
reached their lowest figures in the last hour,
the largest part of the decline was made in the
early trading. Late in the day there was de-
termined drive at Reading, but the result of
the raid was entirely insignificant, and the other
coal stocks were quiet and well held. The
grangers, especially in the forenoon, showed
unusual strength, with St. Paul in the lead
but all the marked movements as usual of late
were confined to the specIalties.
First prices were generally slightly lower
than last nights figures, but Texas Pacific
Pacific Mail, Short Line and Manhattan were
cOnspicuously weak, the last named being
down 2 per cent The demand for stocks at
the opening however, was large, and on fair
business prices advanced with the Oregon
stocks the special feature, and st. Paul leading
and the other gold shares reached the rest of
the list and the early gains were wiped out be-
fore the end of the first hour when the market
became less active, though smart rally in
Manhattan again placed the general list above
opening figures.
Dizziness was the great feature Of the market
after Il o'clock, and while Chesapeake and
Ohio firsts preferred and Chicago Gas showed
marked strength, the rest of the list gradually
yielded, and Colorado Coal became the weak
feature. Toward delivery hour there was
raid upon the coalers, and especially Reading
but the attack had no more effect than to keep
the decline going in the general list, and the
market finally closed quiet and heavy to weak
at fractional losses from the opening prices
Although the great majority of the active
stocks are lower this evening, the only marked
decline is 2S per cent in Manhattan. while
Chesapeake and Ohio frsts preferred rose lH
and Oregon Navigation ~.
Railroad bonds were quiet, the sales of all
issues reaching only 81, ,6560O0. The only feature
to the trading was the animation of the Read
ing second incomes, which furnished Sl15, 900
aud International seconds Sl0S, 900 to the days
total The market showed general heavy
tone during most of the day, and of the i'm
portant changes in quotations the majority are
In the direction of lower prices.
The following table SHOWS the prices of active
stocks on the New York Stock Exchange
Corrected daily for THE DISPATCH by Whit
ney & Stephensop, members of New York
Stock Exchange, 81 Fourth avenue: