Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-22

the occasion of a drive at that stock IN the
afternoon, and it broke from 4SH to 4l4, on
comparatively lively trading. The final settle.
ment OF the troubles among the managers OF
tennessee Coal has had its effect, and that
stock was more quiet to-day, though after open
ing up per cent it lost the improvement and
not until the last hour was any real advance
made in it.
Toward delivery hour the impression that the
pank statement tomorrow would be goou
one got abroad, and the traders started IN TO
cover some of their shorts, and the lack OF
STOCK Tor sale was plainly exemplitied by the
marked advance which took place in the snort
time left in which to do business. The coalers
were most conspicuous In the advances. COL
orado Coal scored 4 material Improvement.
Ihe movement extended to all portions OF the
list and everything traded in felt the stimulus,
tne market closing quiet but strong at tne
ties Wheeling and Lake Erie and Oregon Short
Line were prominent for strength while Louis
Yllie, New Albany and Chicago was the weak
bly, higher, and even Chicago Gas shows only
fractional loss, while Colorado Coal rose 2;
Tennessee Coal 15s; Louisville and Nashville
"a, and Rock Island and Denver, Texas and
Ft. Worth per cent.
Railroad bonds were a little more animated,
and the Louisville, New Albany and Chicago
consuls were the only feature of the day, drop
ping from par to 9S14c. but rallyIng per cent
at the close. They furnished s125, 900 to the
grand total of 81, l0l, 000 There was the usual
lack OF feature in the rest OF the list, and OF
1hooC WHICH SHOW gains DululIl anu 1Iou
Range frsts rose ~ to 1922 while Louisville
Southern firsts lost 1892.
The Post says: There was less business in
railroad stocks this forenoon than there has
been in the same hours at any time
in over two years. Leaving out such
stocks as Tennessee Coal. Colorado Coal,
Oregon Transcontinental and Sugar Trust,
in which there was some activity, aris-
ing from such causes special to themselves in
each case and which would not be the causes
of any general movement either for invest
ment or for liquidation, the total remaining
transactions in railroad stocks in the forenoon
were only abodt 10000 shares, or about one
fourth of the fOrenoon's proportion of very
moderate business in stocks.
If the mere scalpng for elghths and quarters
by the board room traders could be deducted
from the 10000 shares it is probable that it
would show that not above 5, 600 or 5000 shares
of railroad stocks had been bought or sold Cn
regular commission orders this forenoon. So
that it is probable that the total commissions
paid to stock exchange brokers for their trans
actions this forenoon did not amount to above
s., ,5OO When it is remembered that there are
over loo members of the New York Exchange,
and that large proportion of them try to live
upon commissions. it is easy to understand why
they feel Respondent. and, as bearlshness is
the natural concomitant of dependency, talk
bearish.
The following table shows the prices or active
stocks on the New York Stock Exchange yester-
day. Corrected daily for TIE DISPATCH by
WHITNEY STEPHENSON, oldest Pittsburg mem
bers of New Iork Stock Exchange. 81 Fourth ave-
nue.: