Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-07
LOSSES RECOVERED.
Stocks Begin Weak but Brace Up and Re.
cover Lost GrOund-Western Shares
Scarce for rDeIivery-Railroad
Rouds Firm to Strong

NEW YORK, May 8.-The stock market began
the new week with moderate volume of busi-
ness which, however, -dwindled down to very
small proportions before the day closed. There
was strong tone displayed throughout, and the
fractional losses at the opening were recovered
and even the reallzations at the close failed to
get the majority of the list down below Satur-
days closing figures. There was less buying for
the foreigners, but the local contingency
showed disposition to advance prices, and
while the market was more than usual of late
traders market the strong tone was very appa-
rent. The report from Boston that Messrs.
Kidder, Peabody & Co. had proxies for 10000
shares made Atchison the prime factor In the
market, and the buying of that stock and its
kindred securities was most marked by Boston
and Western people.
Burlington and Quincy was also bought by
the same interests and while it moved up only
fractionally it kept abreast of the other West
ern stocks and closed with a small net gain.
All the Western shares were scarce for deliv
cry, and Reading also was very hard to bor-
row, large amount having been called in and
the stock at one time commanded a premium
of 1-S2 of per cent per day for use. The Coal
stocks, however, were very quiet and were not
at any time factor in the course of prices.
The recent utterances of Mr.. Gould upon the
market made his stocks prime favorites to-day,
and Missouri Pacific again sprang into activity
per cent suddenly in the afternoon, but the
others were quiet and without feature. Among
the low-priced shares Chicago was quite strong
in the forenoon, but became dull and steady
with the rest of the list later in the day.
Opening prices were generally slight frac-
tions lower than Saturdays closing figures
but Louisville and Nashville was "a lower
The market however, while quite irregular de-
veloped considerable animation and strength
in spots, and Atchison and Missouri became
prominent for strength. In the afternoon,
however, the movement died away, the market
becoming dull and uninteresting, and although
the tone of the dealings remained firm, the
movements were confined to the smallest frac-
tions and toward o'clock the realizations
sagged the entire list off and the close was
quiet but heavy generally at small fractions
better than the opening figures. The great
majority of the stocks on the active list is
fractionally higher this evening, but the only
important change is gain of TX per cent in
AtchiSon.
Railroad bonds displayed the same charac-
teristics which have distinguished them for the
past week, and on a moderate volume of bust
ness showed firm to strong tone, most of the
issues traded in advancing fractionally. The
business done aggregated S, ,S19. .O00 and the
important gains were: Denver and Rio Grande,
Western assented, 21S, to- SS7&; Evansville and
Terre Haute, Mt. Vernon 6s, 8. to lis;
Wabash 79s receipts, AZ, to 81; Colorado Coal
firsts, 2 to SO, and Milwaukee. Lake Shore and
Western incomes, 8, to 102
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 avenue: