Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-02
STILL IN THE DUMPS.
Trading in Shares Show No Improvement,
but Values Little Betfer-Easy
Money a disappointment 10
the Shorts.

| New YORK, April 1.-The stock market to.
daywas again most intensely dull the trans.
actions IN listed stocks being slightly smaller
than those of yesterday, while those in the un-
| listed department showed a slight increase
owing to the greater interest taken in sugar.
| The market, however, could scarcely be called
| market any time of the day, though there was
| gratifying Improvement in the tone of the
dealings, and marked firmness was shown both
IN the first hour and toward the close.
Neither side of the two factions in the mar
ket showed any disposition to trade, and not
| withstauding that there still exists 4 large
short interest caused by the selling of stocks
during the past month in anticipation of a
stringency OF money toward the first of April .
| there was TO attempt to cover. To-day money
did loan little closer and as high as 6 per cent
was obtained for loans, but the rate at the close
was down to again. The higher rate was only
temporary, and the probability is that a materi-
| ally easier tone will be shown tomorrow.
There was little in the way OF features, but
the so-called active stocks were extremely dull
and there was no full stocks, except in Sugar
! in which the sales reached 5000 shares Mis-
souri, Pacific has regained its dividend, but Its
movements, as was true of all other prominent
shares, were confined to the smallest Fractions
| The only movements of importance were as
usual in the specialJies. and Peoria, Decatur and
| Evansville developed strength late in the day,
rising to % from u. Tennessee coal, on an ex-
tremely light business, scored nearly as large a
| gain Among the strong stocks of the day
| we're Lackawanna, Wheeling and Lake Erie
Lake Shore ana Reading.
The close was dull, but firm to strong at the
lest prices reached. though only slightly higher
than those OF the opening Almost everything
is slightly higher than last evening. PEORIA
Decatur and Evansville rose 2 and Tennessee
Coal IL.
Railroad bonds were comparatively active
the sales of all issues aggregating S1.0l7 600,
| though this amount was evenly divided. The
market displayed a frmer tone, in SYM
pathy with stocks, and most of the final
changes are advances. Evansville and Terre
Haute tirsts rose to l20, per cent, Mobile and
Ohio skies to ll6. and Peoria, Decatur and
Evansville irsts y 10 l02
The Post say>: In regard to the course of
prices during this month, of course great deal
will depend on the temper of speculation IN
London, and that will to a large extent be in
hGenced by the aspects of political affairs in
Germany In the absence of any news having
an immediate reference to the business of the
railroads. spectators are now turning their at
tention to the foreign situation, and it is not
improbable will. from time to time find some
thing In 1t which will bear eXaggeratiOn enough
to affect the stock market. But for the present
London appears rather disposed to buy than to
sell American stocks. Speculation in any kind
of securities is very dull in London at present,
but money is growing very abundant there.
This larger supply of money will most certainly
revive speculation. Notwithstanding the eX-
traordinary dullne,s of business on the Stock
Exchange during the whole of March, it will
doubtless surprise good many to find that
there was pretty general advance i'll prices
throughout the month. The advances were
large, while the declines were small, except on
a very few.
There has been so little speculation, In the
usual acceptance of that term, on the stock
Exchange, that this advance of prices must
have been caused almost exclusively by what is
called Investment buying" viz: buying by
people who have the capital to pay for the
stocks and put them away until there is much
higher range of prices. This has left Compare
lively few stocks the market and makes
spectators cautious about selling them short
So fas as can now be foreseen, there is nothing
that is likely to induce the investors to sell
their stocks at present prices. Activity Is,
therefore, likely to return only when the public
begin to realize that there is an investment de-
mand for securities.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for The DISPATCH By