Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-10
MARGINS WERE FEW.
Union Pacific Received Most Attention -
Rumors Cover Up Operations A
sharp Aitnck, Resulting In
Slight Decline.

NEW YORK April 9.-The stock market to-
day again demonstrated that share owners in
tend to hold them for higher figures than are
now ruling. There was more business done,
but the increased trading was entirely for the
account of the board room traders, who were
scalping for small profits.
Margins, the features of the day, were very
few, and nothing in the news of the day seemed
to have any effect whatever, although rumors
were used to cover up operations which had
their beginning and end in the board room.
Union Pacific was the stock which received
most attention, and it was quite active at ad-
vancing prices. The improvement was accom-
panied by vague rumors of something of q
favorable nature to come out in the next few
days. The trading in the stock ran up TO over
5000 shares but its extreme fuctuation was
only IA of per cent and Its final gain only q.
Missouri Pacific came next In Importance, and
it showed positive weakness in the last hour on
the action of the Committee on Securities
striking from the list some Iron Mountain
stock which is owned by the Missouri Pacific,
and the affair was made the basis for a sharp
attack. which resulted in a net decline of IA per
cent for the stock.
Pacific Mail opened down on reports that
there was less disposition among Congressman
to vote for the subsidy bill, and it fell back
sharply from its high figures of yesterday on
some selling by a house going out of business.
and at lCS15 it is ~ per cent lower than its best
showing material change to-day.
Sugar refineries was NOT SO active to-day, but
there was a mild manipulation of its price,
which carried it UP to IS. but it could not be
held there, and it finally closed at slight loss
for the day. Milwaukee. Lake Shore and West
preferred rose Ito ITO, but fell back again to
100, and Lake Erie and Western preferred failed
to move at all, though its regular dividend of
per cent was declared. The market rallied
slightly toward the close which was dull and
steady at small changes from last nights fig
ureS as rule.
Railroad bonds were more active to-day, and
the total sales reached only ST. Ill, 600 with only
one specially active issue-Atchison incomes
winch contributed S237, 900. The tone of the
dealings was less pronounced than on any DAY
this week, but remained firm with few Impor-
tant changes. Chicago and East Illinois consols
rose 4. to ll6 and Ohio River lists to 10U while
tbe'only loss of importance was Green Bay z
at 3
Government bonds have been dull and
steady.
State bonds have been dull and rather heavy
The Post says: Compared with week ago,
there was no changes except that Reading is
u lower and Chicago Gas ls4 higher. All the
other usually active stocks are also practically
unchanged from a week ago, except Rock
Island and Burlington, which are each point
lower. The character of the market is promi-
'nent in that 1t continues SO strung under cir
cumstances which usually result in lower
prices. IL shows that there are none of the
class of usual daily speciaties in the market.
or they would have become tired out and
thrown their stocks over long ago. Stocks are
have held them throughout higher money rates
incidental to the first of the month they will
much more easily now that the rates for money
are declining.
stocks on the New York Stock Exchange yester-
day. Corrected daily for The DISPATCH by
bers of New York Stock Exchange, 81 Fourth ave
nue.: