Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-04-27
QUIET AND WEAK.
London Bulls FniI to Get Up Correspond.
ing Feeling in Wall Streef-Stocks
Lose Their Grip and sus-
tain Fractional Loaaea.

Lose Their Grip and Sus.
tain Fractional Losses.
NEW YoRKcApril 26.-The stock market to-
day was less active and its temper offered a
marked contrast to that of yesterday, being
heavy and irregular throughout, with the net
result of leaving most of the list fractionally
lower than last evening. The London prices
again came very much higher than our last
evenings figures, and the advices from that
center showed strong bullish feeling upon
American securities The market, however,
responded only to q limited extent to the
strength in London, and first prices here we're
generally but slight fractions better than those
of last evening. though Louisville and Nash
vile was marked exception, being up "a per
cent.
The traders continued bearish upon the be-
lief that the advance of yesterday was too
rapid to last long, and while London had many
orders in the market it appeared to be realizing
upon Louisville and Nashville, and local opera
tors also realized freely upon other portions of
the list. This checked the advance at the
opening, and on a fair volume of business
prices moved off fractionally, with Atchison
and Louisville and Nashville leading among
the active shares, and Tennessee Coal among
the w-priced stocks. sAtchison and Manitoba
afterWaid displayed considerable strength, but
the market subsided into dullness. This was
relieved in the afternoon by selling move
ment IN Union racine. DaSe0 upon the action
of the Northern Pacific directors yesterday,
which it is feared may lead to trouble. Oregon
Navigation, Northern Pacific preferred and
Louisville and Nashville also became prominent
in the movement, and the realizations by the
foreigners assumed larger proportions.
The decline was aided somewhat by the or
dering of 81 100000 for export, but the conf
dence in the continuance of the foreign de-
mand for American securities checked the
selling by delivery hour as little more gold is
likely to go out if such demand continues
The lowest prices were reached about delivery
hour, after which the market was somewhat
f1rmer but closed heavy and dull at about the
lowest prices of the day. There were a few
wide movements among the specialties. Pull
man advanced N per cent, but lost a portion
of the gain, while Memphis and Charleston re-
tired per cent. In the unlisted department
Sugar Trusts were weak, losing about IL per
cent while the others were quiet and moved
over small fractions only, Brunswick closing at
20T on a light business. There were a few
fractional advances, Pullman rose l Der cent
and Manitoba IL, but the great majority are
lower Memphis and Charleston lost and
Texas Pacific /.
The dealings in railroad bonds were of about
the same nature as those in shares, the market
being quiet while the temper of the trading
was somewhat mixed, butwas generally firm TO
strong in the forenoon but weakened later in
the day. The final changes are quite evenly
divided between gains and losses. The ad.
vances include Duluth, South Shore and At
lantic fiVes "a, to 923z: the st, Louis division
sevens 4, to ll8 and the convertible receipts 2
to 9S st. Louis. Arkansas and Texas frsts lost
g. and Erie incomes g. at TO- The sales of all
issues reached 81, ,984 O00 of which Texas Pacific
seconds furnished S24l 600
The following table SHOWS the prices Of active
stocks on the New York Stock Exchange
Corrected daily for The DISPATCH by Whit
ney q Stephenson, members of New York
Stock Exchange, 81 Fourth avenue: