Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-07
A FIRM TONE
The PRINCIPAL Feature Of the Dealings In
Railroad shnres-The Sugar Trust
Stronger Lead Pulled

The PrIucipaI Feature Of the Dealings In
Railroad shnres-The Sugar Trust
Stronger Lead Pulled
Both Ways.
NEW YORK. FEBRUARY 6-The stock market
was little more active to-day, and displayed a
firm tone throughout most Of the time, though
there was considerable feverishness, especially
in the forenoon, and some irregularity during
the entire session. The bears we're not SO az
gressive as usual of late, and their feeble at
tempt to depress prices was met with sucn re-
sistance, that during the afternoon especially
they were more inclined to cover than to ham
mer the list.
The disuuieting rumors from Chicago which
have been so marked of late were conspicuous
by their absence, and the news from London
was of the most encouraging character. AS
result the coal stocks, especially Reading and
Jersey Central, were much stronger, the former
especially, large blocks Of shorts being covered.
The short interest is still very small, though
to-day the loaning rates were easier. The price
again crossed A. and at that figure large block
Of stock was supposed to have been Dougnt Ior
the short account. though the support was eVi
IDENTIFY from the clique.
Rock Island was strong up to SO, at which
figure there seemed to be plenty OF STOCK 1or
sale. and it was not until late in the afternoon
back again az the close. The bears talk con-
6dently of another decline in 1t If the general
market gets weak again, but there was also
good buying in the stock to-day upon stories OF
deal with an elevated railroad party who WISH
to use the tracks of the Rock Island in chicago.
The foreigners were again active in LoulsVlHe
and Nashville, and 1t scored full point,
though there was no special activity IN the
stock. In the Trusts the greatest strength
was shown by Sugar on a comparatively small
volume of business, and it rose o615 TO oS, re-
tanning most of the improvement at the close.
Lead was pulled both ways to-day, and Wnlle
there was large business in it the fluctuations
were small and little or no progress was made
as the result of the days operations.
Among the inactive stocks Manhattan was
again conspicuous for its strength. The rest OF
the list was dull and without feature OF import.
ance, and dealings reached a smaller amount OF
stocks than for the past few days.
The speculative activity is still confined
principally to the operators on the short ac-
count but declines meet with such resistance
that the traders are quick to take the bull side
on any appearance of rally. The hnal
changes to-day are generally advances, and
while Chicago and East Illinois lost per cent,
Jersey Central rose 2, Sugar lH and Colorado
Coal 1sS
Railroad bonds were more active to-day, and
the number traded in was SO large and so well
| distributed that no special activity was shown
| in any one issue. The character of the deal
| ings however, was in no way changed, and a
| steady to firm tone with small fluctuations pre-
vailed and although advances are the more
numerous tonight the important changes In
quotations are very few in number Reading
thirds convertible rose ~ to ~,
The following table SHOWS the prices OF active
| stocks on the New York Stock ExcnanRe yester-
| day. Corrected daily for THE DISPATCH by
| WHITNEY STEPHENSON, Oldest Pittsourg mem
| bers Of New ork Stock Exchange. 81 Fourth ave-
nue.: