Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-04-06
CHANGE OF BASE.
A Complete Revolution in the Speculative
Market-Prominent Houses Among
the Buyers-The Active List
Higher With Few
Exceptions.

E1CepLOn0s
NEW YORK, April 5-The trading in the
stock market to-day gave additional evidence
of the complete change in the speculative tenn
per, which has occurred during the past two
days, and the buying to-day was by the most
prominent houses while the sellers were princi-
pally the local bear contingent, there being
marked falling of in the selling orders received
from out of town, especially from Boston and
Chicago. The market was decidedly broader,
the dealings being extended to more stocks
than usual of late and the leaders did not show
such large proportion of the aggregate trans
actions. A notable feature was the resump-
tion of the marked advances in the specialties,
of which several that have been dormant for
months became conspicuous for their improve
ment. There was moderate volume of busi-
ness at the opening. and first prices were gem
orally from "a to "a per cent higher than last
evenings figures, but except in Jersey Central
and Texas Pacific the opening prices were not
maintained.
The pressure was not long maintained, as the
demand for stocks became more general, and,
before the end of the first hour, the entire list
rallied and was quickly brought up to some
thing above the opening figures. There was
large crowd trading in Atchison, and it became
the most active stock on the list, the reports
that the new names to be voted for at the next
meeting are very strong ones together with the
fact that the closing of the books is set for next
Tuesday, stimulating the purchasing of the
stock. The market quieted down toward noon,
but the upward tendency still continued and
in the afternoon the movement became more
pronounced, with Missouri Pacific, Burlington,
Rock Island and Atchison specially con-
spicuous.
Later the reports that the earnings of the st.
Paul for the quarter would show an increase in
the net of about S., 100, 600 brought that stock
more to the front, and it moved up sharply to-
ward delivery hour. Louisville and Nashville
was also higher on the increase of II per cent
in it's March earnings, and at the same time
the Coalers, which had been rather sluggish
rest of the list. The market finally closed
quiet but strong at or near the best prices of
the day. Among the specialties which became
conspicuous for their advances were Pittsburg
and Western preferred, Pullman, Milwaukee,
Lake Shore and Western preferred, Nickel
Plate lst preferred, Consolidated Gas and San
Francisco preferred, while Ohio and Mississippi
weak points in the list. With a few unm-
portant exceptions the active list is higher to-
night Consolidated Gas rose 21S St Paul pre-
ferred 2 Atchison, Burlington and Missouri
Pacific II and Northwestern like amount
Railroad bonds sympathized with the anima-
ton and strength in shares to-day and there
was strong tone throughout the day, with
issues aggregating Sl.5S5, ,00d, out of which the
Texas Pacific seconds furnished S22I, ,0O0 the
Louisville and Nashville fives SlO2O OOO and the
Reading first incomes 100000. Although the
market was strong the gains recorded were
generally for fractional amounts only. Among
the important advaHces, Gulf, Colorado and
Santa Fe seconds rose 2, to73
The following table SHOWS the prices of active
stocks on the New York Stock Exchange.
Corrected daily for The DISPATCH by Whit
ney d StephensOni members of New York
Stock Exchange, 81 Fourth avenue: