Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-17
STOCKS UNCHANGED.
The Market Characterized by Continued
Renlizntions - The Foreigners Buy
LiberaIly-Active Fluctuations
With smnll Gains.


NEW YORK, May l6-The stock market pre-
sented about the same amount Of business to-
day as yesterday, but the reactionary temper
was replaced by more confident feeling. not
withstanding the fact that the professionals
and traders were still working for a further re-
action. There was great irregularity In the
market however. and a portion Of the list was
strong, while another portion was decidedly
weak, and the course Of prices was subjected to
sudden and sharp changes throughout To-day
there was also continued realizations, which,
with the aid of the hammering Of the bears
and the lack Of support in few OF the most
msrRe in an and Saabe oondton
throughout the day The high rates exaoted
for money also caused many selling orders In
the afternoon, although they did not go as high
as yesterday and loans made to-day run Till
Monday. The great buying power to-day was
the foreigners who sent liberal orders In all OF
their favortes, with the exception OF Louis
Vile and Nashville, and, though the pressure
TO sell at the opening Was severe higher prices
resulted from the excellent demand.
Union Pacific was the feature Of the early
dealings and II advanced nearly III per cent,
the Improvement being accompanied by fHiH6fs
Of new Developments which Affect both the
Union and Central Pacific, and the general
opinion WAS that new issue of bonds, TO take
ss % 81 sSa bs hs sshsms
TfahseeHtlhshtai continued It's upward mover
meat, and buying IN New England WAS at
tTleutea 10 famefs OF changes In management
weak IN the early dealings, and Chicago Gas
continued % decline being apparently without
support The Goal stocks were quiet, with the
exception OF Reading and all we're arm with
the exception of Delaware and Hud-
son, which lost some OF It's recent
advance, and is the only stock on the list show,
ing any material loss tonight The buying de-
traders again got prices down In some cases be.
low those of the opening, but Trmer tone
afteTward prevailed, and the best prices were
reached toward noon, The money rates then
encouraged the bears and again prices receded,
but money was offered at 8 per cent in the last
hour and some Improvement was made, the
market finally closing active and hrm gener-
ally at small fractional gains over last nights
figures. Union Pacific is up IN. Oregon Trans
continental III and Reading lH, while Della
ware and Hudson is IL lower.
Railroad bonds we're still active, but there
was less strength in the market than for many
days, and while the important changes In
price are very few, portion OF them are losses.
The same issues continue to dominate the deal
ings while the trading extends to large num-
Der Of issues. Government bonds have been
dull and steady. State bonds have been dull
and steady.
The Post says: Tho unsettled condition Of
the market during the day was duo principally
to realization Of profits, against which the buy
ing for foreign account was not sufficiently
heavy to prevent a decline in prices, although
London took quite an amount Of stocks, and
also large amount Of bonds. The efforts Of
those favorable to q decline were assisted by
the further Generalization Of passenger rates
among the Western roads, but well informed
railroad men claim to believe that the end Is
approaching, and that an agreement will
shortly be reached, TO be followed by restora-
tion OF rates. The higher rates for money as
sisted the decline In the price for stocks.
The following table shows the prices OF active
stocks on the Now York Stock Exchange yester-
day. Corrected daily for The DISPATCH by
WHITNEY h STEPHENSON, oldest Plttsburg mem-
nuei