Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-28
ALMOST LIFELESS.
Railroad Shares ConspicuousIy in the Soup
Slight Gains Early But Lost Later
Money Working Little Closer

NEW YORK, March 2T-The stock market
differed from those of the past few days only in
its utter lack of feature while the fluctuations,
which have been so narrow, were confined to
even smaller range than usual. There were
few stocks in which the range of prices was
over ]f per cent, while most of the list was
traded in within range of The only move
ment of Importance during the day was sud-
den rise in Reading, accompanied by corre-
spending increase In its activity. The buying
was entirely by brokers identified with the
Philadelphia pool, but no explanation was
given for the movement and the advantage OBJ
tanned was not retained.
There was some buying of Missouri Pacific
early in the day upon rumors that the dividend
would be increased, and script dividend of IL
per cent was talked of, but upon the declara-
tion of the usual l per cent the dis
appointed spectators sold out again and the
stock retired. Even the specialties which have
furnished all the important movements of late
were stagnant. the only one of note being IN
Louisville. New Albany and Chicago, which
opened at 454 against Al last evening, but
again closed at A tonight.
The market opened with a strong tone, and
slight gains were made in the early dealings.
but later the apathy OF operators told on prices.
ard slow sagging took the place of the firm
tone displayed during the past few days. Late
in the day the influence of the approaching
April settlemant was felt and money worked a
little closer, rates on call going as high as per
cent which induced little selling for the
short account by the local scalpers, and in the
last hour a more decided heavy tone was devel-
oped. The close, however. was dull and steady
at insignificant changes for the day. In no case
was there marked difference between last
nights price and this evenings, though the de-
clInes are more numerous.
Dealings III bonds were comparatively active
to-day, the sales of all issues reaching 81 210 0OO
The trading was marked by no feature as in
stocks, and the final changes of importance to-
night are even less in number than usual of
late. Ohio. Indiana and Western seconds rose
~ to 30; Kansas City and Omaha 4 rsts to 81
The Post says: For the first three months of
Its last fiscal year, three months to February
Is, 1889 the net earnings of Reading Railroad
were 81, ,592, 6Sl; from which was to be deducted
the loss of S625, 1875 of the Coal and Iron Com
pany Delow its operating expenses leaving net
earnings of only 1857, 575 for the three months.
If 1t be assumed as correct that the two COM
panies are $500 600 better off than at this time
last year." and that, therefore. the net earn
ing for the three months are say 81, ,367 575, it
would still leave deficit of S676.4l8 below the
three months proportion of fixed charges, ex-
elusive of interest on the income, which is S733-
$50 more, and If counted as part of the fixed
charges would make the deficit 81 409, ,66S for
the three months.
The following Jape shows the prices OF active
stocks on the New York Stock Exchange yester-
day. Corrected daily for TIE DISPATCH by
WHITNEY a. STEPHENSON, Oldest Pittsburg mem
bers OF New York Stock Exchange. 81 Fourth ave-
nue.;