Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-16
BULLS ARE BRAVER.
Reading is Strong Regardless of the State
of the Coal Trade-Vanderbilt Stocks
Going Up-LittIe Outside Inquiry
for stocks, but n Generally

Hopeful Feeling.
NEW YORK, March 15.-The general market
| to-day has been steady and dull, with a notable
absence of outside inquiry for stocks. The
| sentiment at large is bulish rather than bear
| ish, but it does not manifest itself in any i'm.
| portant buying. While such shares as Atchi
son, the Grangers, Louisville and ashyille and
Missouri Pacific were practically unchanged,
| a good rise took place in the Vanderbilts Lake
Shore, New York Central and Michigan Cen
trail are closely held for investment, and little
| demand puts them up easily as for example.
the same demand would advance Delaware and
Hudson.
Manhattan Elevated was a feature among
the specialties, and it rose ~ per cent on linn,
tied business.
Reading was strong throughout and the pros
pect is that it will go still higher on Monday.
There is no use to argue about the state of the
coal trade. 1t has nothing to do with the mar
ker price OF Reading. There is a bull clique
in absolute control and short interest that
Chicago Gas was a little lower, and so was
of IL.
The bank statement showed gain in re-
serves of 1888. 00O leaving the surplus ST. 05O 900
against IS. 070, ,00G year ago. The banks have
not felt the full effect OF Treasury dlsburse-
ments in this statement, so their actual condi-
tlon may be better than the figures would indi-
cate
the impetus given to the market last week
while not continuing to move up quotations
leaves hopeful feeling among the general run
of traders. The worst feature is the deadly
apathy of professionals and outsiders
The Post says: The encouraging report of
the New York Central earnings for the first
quarter of the year was accepted as indicative
of the business of all the trunk lines to the AT
lantic seaboard, and had an apparent effect in
the increased trading in and higher prices for
all the Vanderbilt stock. The advance of this
week was therefore well maintained and leaves
Reading New York Central Michigan Central.
Lake Shore, Cleveland, Cincinnati, Chicago and
st. Louis, st. Paul, Rock Island Burlington
and Manhattan all from l1a@215 points higher
than a week ago and from 4Q9 points higher
than the lowest prices for this year, made from
February 21 to q. The general expectation
was that the bank statement would
be a decided improvement over last
week. When it was announced it
showed an increase of SS39, 45O in the Surplus
reserve, concurrent with an increase of S76i 4Oo
in the legal tender and specie, and a decrease
of $l54S. 600 in the loans, without much change |
in the other items. This was quite as favorable |
a statement as could reasonably be expected, |
considering that the collections of customs and
revenue by the New York sub-Treasury were |
S.. 343 600 for the week. and the total collections
at all the United States Treasures for the |
same period were So, 135, 200, as reported from |
Washington, the bond purchases to the extent |
of So, 050 for the week, have therefore only |
about offset the Treasury collections at New |
York alone.
the following table shows the prices OF active