Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-25
BULLS ENCOURAGED.
They Look for Buoyant Feeling In the
Share Mnrket-Sugar and the Gram
gers the Only Conspicu.

NEW YORK, March 24.-The stock market to-
day was Still dull with small fluctuations, but
the firm to strong tone which marked the deal
ings during the latter portion of last week was
still prominent, and the operations of the day
resulted in general appreciation of values
with few material advances among the spe-
cialties. The rise of the last few DAYS epcour-
aged small demonstrations here and there by
the bearish traders this morning, and conse-
quentIy the market during the forenoon
showed little if any improvement over Satur-
days prices. and the dullness was still the most
prominent characteristic of the speculation.
The fact that the bank statement of Saturday
was favorable beyond expectation and the
prospect that early and favorable action on the
Window silver bill is likely to make buoyant
feeling in the street.
The opening figures. under the pressure to
sell for the short account, were generally from
Is to II per cent lower than last Saturdays clos
ing, but the decline. except in such specialtes
as Tennessee Coal and its kindred stocks went
little further. The market exhibited even i'll
the dullness, a stubborn strength, which soon
compelled the bears to withdraw, and in the
afternoon covering of shorts, with some little
buying for the long account, led to a more &C
tive business, with steadily advancing prices
The grangers we're most conspicuous in the up
ward movement, and st. Paul. Rock Island
Atchison and Missouri Pacific attracted atten-
ton, while the bituminous coal stocks which
were the leai iers on the early decline, recoy-
Among the specialtes the most marked
movement was in Chicago and East Illinois
preferred, which, upon the news of the declar-
alton of dividend upon the stock, moved
from IN to 81 Other gains of moment were
in New York and Northern preferred from "a
to &c, in Wisconsin Central and Wheeling and
Lake Erie preferred. The trusts were quiet,
but sugar, while showing considerable anirna.
tion was traded in within comparatively mar
row limits for that stock.
The new stocks of the American Cotton Oil
were traded in to-day. the common selling at Is
and the preferred alta. The market showed no
change after the upward movement but closed
strong at the best prices of the day. The list is
almost invariably higher tonight. Chicago and
Central. lsss and Northern Pacific preferred
and Peoria, Decatur and Evansville, Iper cent
each.
Railroad BONDS were little more active and
the transactions reached l,309,0 900 Atchison in
comes, and Louisville New Albany and Chicago
consols furnishing 1000 and l04, 900 respec-
lively to the tota! The tone of the market was
frmer, but only slight changes took place.
The Post says: 1t is apparent that there is no
speculative feeling among that part OF the pub
lie who do not hold any stocks, and on the
other hand, it is equally plain that capitalists
in this country who hold stocks and railroad
securities are not disposed to sell them. The
same, however, cannot be said of foreign hold
ers, and there is reason to think that nearly all
through this month there has been dribbling
of stocks from the other side, coming immedi.
ately from London, but representing the lieut.
dation of speculators in Berlin and elsewhere
in Europe. 1t was only that the political crisis
in Germany, which eliminated last week had
cast its shadow before, but the operators on the
Berlin Bourse had been specializing heavily for
some months and q lew weeks ago the money
lenders were beginning to charge heavy rates
for carrying such risks, while the nominal rates
of discount at the banks did not indicate the
extent of the stringency. This CONDITION of
affairs made itself manifest in its depressing
effect on the London speculative market for all
sorts of shares. In addition TO this there has
all the time Tor the last three or four months
been an apprehension in London of the posi-
BILE large withdrawal of gold from the Bank of
England for Berlin Tin case of political crisis
of more gravity than that of last week)or If not