Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-27
RAILROAD EARNINGS
The Principal Bullish Factor In stocK
Trading-A Drive nr the Trusts
Knocks Sugar and Whisky

or Their Feet.
NEW YORK, MAY 26-As the recent net
| earnings of the railroads are made puDllc, tne
outlook Is better, as they in many cases make
materially better showing than the gross.
saturday and to-day being pank noiiuays s u. IN
London the stock market received no support
from that quarter and to-day there was as
position ON the part of many operators to await
tSr London Friday here is also nohuaS, rahia anu
that no great activity may be looked Tor In
Wall street until the beginning of next week.
The feeling this morning, however, was gen.
showed small fractional improvement over
Saturdays final prices Chicago was buyer
of the Grangers and Chicago Gas. and the
commission people, while not so liberally sup
piled with orders as few weeks ago. were bull
ish and so advised purchases. The movements
in the list under the circumstances were small
and unimportant as a rule. and only in the few
stocks in which opportunity was given for spe-
cial demonstration were activity or wide nuc-
tuations In the regular list st. Paul was
active, ana while traded in over range OF only
per cent. displayed q firm front with the rest
OF the list. AtcbIson, although the issue OF
large amount Of new stock is not looked upon
with favor held its own very well, though
dropping rather more than the remainder
A special drive was made ut Cleveland, Gin
cinnat Chicago and st. Louis in the forenoon,
with the result Of knocking off its price nearly
2per cent, but partial recovery followed, and
only slight effect was produced upon the gen.
eral list. Chicago Gas and Oregon Transcon-
tlnental were the strong stocks, and the former
retained most of its advance at the close The
features of the day, however. were the trusts,
and especially sugar and distlllers'. The former
was let of rapidly In the early dealings, ostensi-
ply with the object OF getting rid Of some OF
too numerous following. and within ten min
utes it had fallen from SO to S5lI. The stock
rallied TO SSs, but closed at S6S Distillers' was
lifted on the report of Its having obtained q
practical monopoly, but large distillery was
to-day reported not to have come into the trust,
and the price was ratified of from 4Sh to 45.
though it rallied to Al, and closed at 461f.
The general market showed the effects Of
realizations toward the close, and closed quiet
and heavy at Insignificant changes from the
opening figures. The list is irregularly and
is up IN, sugar is down 21l. Delaware and Hud-
son u and Cleveland, Cincinnati, Chicago and
st. Louis l per cent.
Railroad bonds were quiet but displayed
are generally slight the majority are advances.
The sales were 81, 294, ,000 with the Atchison in
comes leading. Cleveland, Cincinnati, Chi
cago and ST. Louis consuls. Ohio and Mississippi
consuls, Lake Shore frsts, Alton and Terre
Haute dividends and Ohio, Indiana and West
ern trsts were especially strong
Government bonds have been dull and
steady.
state bonds have been dull and without fea-
ture.
The Post says: The news Of the forenoon.
while of mixed character, was on the whole
favorable to higher prices for stocks. The
good bank statement OF Saturday increased the
Dulish feeling among traders, and the fact that
prices have advanced for the last two months
has not altered their expectations of still high
or prices. The situation among the Western
roads continues unsettled, with no encourag-
ing feature In the immediate outlook, but the
earnings of these roads show large gains over
last year, which indicates considerable exag-
geration as to the actual troubles.
The reduction in passenger rates affects only
small part of the total business, and is partly
compensated for by the heavier volume of
travel. The coal trade has improved to the ex-
tent that warrants the starting up of several
heretofore idle collieries.
The net result for the day was irregular
changes. with the majority of stocks higher
than at the close Saturday. The trust stocks
huctuated widely throughout the day and
closed lower.
The following table SHOWS the prices OF active
stocks on the New Y ork Stock Exchange yester-
day: Corrected daily for The DISPATCH by
WHITNEY STEPHENSON, oldest Pittsburg men,
bers OF New York Stock Exchange, 81 Fourth ave-
nue.: