Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-13
NEW YORK STOCKS.
A Little Lively Trading In Spite of the Bears
Aggressiveness-Rum of Negofia.
tions Between Gould and Van
dcrbilt - Favorable

n ruVOfnDle
Bank Statement.
NEW YORK, April 1.-THE stock market was
more active to-day than during the same hours
for many days. and on the whole showed moro
strength than at any previous time this week.
The bears were again active and aggressive in
the early trading, encouraged by considerable
London selling. The grangers were still the
point of attack, and Rock Island, Burlington
and Quincy and st. Paul were leaders both in
point of activity and weakness. The Gould
stocks, on the contrary, were quite firm, and
Missouri Pacific showed great strength around
70, giving evidence OF inside buying. Pacific
Mail was In all probabilities bought for cleo
tion purposes. the election taking place
next month. There was literally
nothing in the unlisted department.. Toward
the close the report was circulated that nego-
tiations between the Vanderbilt and Gould in
terests would probably result in bringing the
Missouri Pacific into the association, and the
bank statement being more favorable than the
general expectation, there was liberal cover
ing of shorts in the last half hour. which had
the effect of rapidly advancing prices all over
the list, and as rule the early losses were en-
tirely wiped out. Tennessee Coal declined
per cent while Colorado Coal displayed mari ked
strength, especially in the last hour, when it
rose Il. The market finally closed quiet but
hrm, and with generally Insignificant changes
from last evenings figures. The final changes
are in most cases advances, Dut for slight frac-
tions only.
Railroad bonds were dull and without feat
ure. The sales of all issues reached only 1885,
700 and the only marked movement was an ad-
vance of in Burlington, Cedar Rapids and
Northern Consols to 89%. The sales of bonds
for the week aggregated 81 246 900 against Sc $685.
600 for last week.
The exports of specie from the port of New
York during the week amounted to 81, I04 3S3 of
which s557, ,70S was gold and S5l6.657 silver. The
imports of specie for the week amounted to
SSS7, 1888 of which SS69,974 was gold and ST. Oil
silver
The Post says: Missouri Pacific, Burlington
and Rock Island went down more easily than
any of the others, this extreme decline rang
ing from 25@25H for the first, to 33633L
for the last mentioned. There seems, however,
little reason to doubt that there has been
scarcely any attempt to cover any of the short
sales of these three last mentioned stocks and
until some such effort is made there can be no
conclusion as to how strongly they are held. 1t
was pretty generally expected that the bank
statement to-day would show further decrease
of from ST. 500 600 to 81 0O0 600 in the surplus
serve, and it was this expectation that
stocks were pretty freely sold again in the
first hour and half to-day the activity being
chiefly in Rock Island, st. Paul. Burlington,
Union Pacific and Missouri Pacific. But when
the bank statement was announced at ll:45 it
showed a decrease of only $500. .075 in the sur
plus reserve which was due to the fact that
the deposits showed a decrease of 81 1886, 500,
thus diminishing the requirement for reserves
by 1894, 100; the decrease of legal tenders and
specie was, in fact, So, $4,000. There was, how
ever, one noticeable point in the statement in
that the loans showed decrease of 81, AS, 600
indicating that the banks we're in more con-
servative and easier condition instead of being
more expanded, as was thought probably
would be the case.
The following table shows the prices OF active
day. Corrected daily for THE DISPATCH by
WHITNEY & STEPHENSON, oldest Pittsburg mem
bers Of New York Stock Exchange, 81 Fourth ave-