Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-22
GENUINE STRENGTH.
Signs of a Real Bull Movement in Wall
streef-Fighting Railroads Must Hoe
Their Own Row - The
Silver 0ueaffon-

NEW YORK, April 2L-The stock market to-
day showed more genuine strength and acted
more like real bull market than it has at any
time within the past six months. The dealings
extended to a greater number of stocks than
on any one day in the history Of the Exchange.
There was undoubtedly large increase in out
side buying orders, and the dealings, although
aggregating comparatively small amount,
were very large in numbers. The market
seems to have cut completely loose from the
stocks of the fighting Dads, and the disposition
is to let Rock Island, Missouri Pacific and the
others remain dull and steady.
There was less attention paid to the silver
question, though the letter of the Secretary
obtained favorable comment and while the
advices from the West were somewhat mixed
the general opinion is that the situation in
that section of the country is not SO bad as IN
dicated by the dispatches. The temper of the
room this morning was most cheerful and in
marked contrast to that Of the last few weeks,
and brokers did more legitimate business
than in six months. Commission houses
were large buyers all over the list,
and while there was considerable
realizing especially in the last hour, when the
pressure to sell caused a partial setback. the
brokers identified with the leading bears were
bidders for stocks and covering of shorts was
freely indulged in.
the stocks Of the unlisted department does not
seem to have had the effect expected, and
Sugar Refneries again occupied a most COM
manding position in the market. Boston parties
were active IN Atchison and Union Pacific, al
though neither of those stocks was particularly
prominent in the dealings. Chicago Gas
showed indications of realizing by the Chicago
party in the early dealings, but became stronger
late in the day. Pacific Mail was still strong
on buying for control, and the coal stocks were
active and strong,. being advanced by the
pools. The specialtles made the only
material advances for the day, how
ever, as the movements in the more
active stocks we're slow and steady and at the
close amounted to fractional amSunts only.
under the best figures as a rule. There was
only one marked decline, Manhattan losing ~
per cent while Louisville New Albany and
chicago rose 4 Rio Grande Western 2A. the
preferred ~. Sugar IL, Cotton Oil receipts
per cent and Gas.
Railroad bonds shared in the Improvement in
business, and the sales to-day aggregated ST.
incomes contributing Sl.6OO. 0O0 Rio Grande
Western Sl75 900. and Archson incomes sl22,-
600. The market partook of the same tone as
that on stocks and a slow but steady appre-
citation of values took place, with few marked
and they among the inactive
issues. Big Sandy rose to 9S; Houston and
Texas second certificates 3 to lis: the general
certificates, ~ to 7S: Peoria, Decatur and
Evansville seconds, to r.
Government bonds have been dull and steady.
State bonds have been entirely neglected.
The following table shows the prices OF active
stocks on the New York Stock Exchange yester-
WHITNEY & STEPHENSON, oldest Pittsburg mem
bers of New York Stock Exchange, 81 Fourth ave-
nue.: