Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-15
STOCKS STRONGER.
More Than the Usual Vigor Displayed In
Certain Qunrfers-The Benrs Mo-
wbere-The Money Market
Ouife Sati> fn ct Ory.

where-1he money
Quite Satisfactory.
NEW YORK, April 14-The stock market to-
day was stronger and more active than usuai OF
late. Material improvement was MADE IN all
portions OF the list. The great feature OF the
day was the Improvement in the estern rail-
road situation and the growing feeling that
settlement of difficulties among the contendlng
roads is nearing satisfactory solution. 1t was
at first reported that everything had been
settled. The shorts went in to show that th y
are not by any means confident OF their posi-
ton. The bulls took hold with more vgor than
has been seen on the long side for weeks, tax
ing the market away from the bears, and the
probability that Notwithstanding the material
rise in prices brought about, the short interest
has heen very little reduced by the days opera
tIons.
The rise in the early portion of the DAY was
resisted with considerable force, but the effort
was unavailing. and was soon given up. The
upward movement in prices was practically
uninterrupted. and only in the last hour was
there anything like a halt. The report that all
the roads had agreed to restore freight rates to
the Missouri gave another stimulus toward the
efforts to recover losses. The stocks in which
there has been most selling OF late were the
most conspicuous in the rise. Rock Island,
Burlington. 81. Paul and Lackawana were the
most prominent in the dealings. and in those
rest of the list being comparativel quiet,
within narrow limits, although the entire mar.
ket participated in the Improvement
Among the specialties were the unusual wide
and sudden movement in Tennessee and Col
orada common, both showing marked improve
ment at the close, though the former was dull.
Manhattan was stronger and reports large
earnings. Jersey Central and New England
were higher on inside buying and small busi-
ness. The unlisted stock was comparatively
neglected although there was more business
Il 11Az T,I.4 -at
after an effort to resist the upward movement
ceased showed little change in its temper and
finally closed quiet. but steady to firm.
1t was freely stated on the street to-day that
when MIR. j. Pierpont Morgan sailed for Europe
lately he had for one of his objects the placing
of about $40 COO 600 of various railroad bonds on
the foreign market. The money market worked
satisfactorily throughout the day, though
owing to the low state of the bank reserves.
rates on calls got only as high as 6 per cent, and
closed at 81 bid. The list tonight is generally
higher. and tennessee Coal is up 234 Colorado
Coal, 25S; Jersey Central. IL; Manhattan, 113s;
Big Four, ~, and New England. per cent.
Railroad bonds were dull and failed to re-
spond to the improved feeling in stocks, the
share list displaying rather heavy tone, and
the final figures show a majority Of declines.
Sales reached only 1896, 600 Big Sandy IS lost !.
at So; Cedar Falls and Minnesota lists 4. at &C.
Government bonds have been dull and steady.
State bonds have been quiet and steady.
The Post says: The advance in prices this
morning was caused by the shorts covering, in
duced by reports from Chicago that the Chi
cago and Alton have agreed to restore freight
rates to the basis of 70 cents to Missouri river
points, which means practically settlement of
the previous existing rate in that section of
territory In the afternoon the market was
active and strong, and the highest prices of the
day were made in the last hour, the advance
from IL o'clock prices having been ~ per cent,
the strongest stocks being the Grangers and
Southwesterns
The following table shows the prices OF active
stocks on the New York Stock Exchange yester-
day. Corrected daily for The DISPATCH by
WHITNEY & STEPHENSON, oldest Pittsburg mem
bers of New Y ork Stock Exchange, 81 Fourth ave-
nue.: