Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-16
STUBBORN STRENGTH
Displayed by Railroad shares-signs of q
Bull Move-London Prices Higher
Money Working Ensier-The
CoaIers Excited.

NEW YORK, April 15.-The prospect of some
relief to the monetary situation gave consider
able encouragement to those looking for an i'm
provement in the stock market to-day and the
good feeling of yesterday was continued with
the result of q little wider market and some
further improvement in prices. That the gen.
eral feeling in financial circles has undergone
an Improvement during the past few days there
is no doubt and while the Alton still maintains
the difficulties are close to a final adjudication
is strong, and to-day had its influence both here
and in London.
The news from Chicago was of mixed char
acter but seemed to have but little effect upon
the speculation, which showed not only broad
ening tendency, but displayed . stubborn
ket The London figures were all higher this
morning, and this was supplemented by buying
orders from the other side, though the
foreigners at the top figures were sellers to
limited extent. The shorts were disposed to
cover and made a strong opening, but the
traders resisted the upward movement and in
the early morning caused partial setback
from the high prices OF the opening, but the
absorbed and strong tone again impaired to
the dealings
There was a more even distribution of busi-
ness done than usual of late, but the Grangers.
Lackawanna, Union Pacific and Pacific Mail
were the most prominent stocks in the deal
ings The interest centered late in the day IN
the COalerS, all OF WHICH WIFI Lne exception oil
Reading showed marked strength. Lackawanna
was most conspicuous, and there was some SELL
ing of Reading. The stock was firmly held.
Toward the close there was more selling to
realize profits on the advances of the past two
days and prices sagged off slowly. the market
finally closing heavy as to figures, but with
marked firm undertone. Lackawanna and
JERSEY Central show gains Of per cent each.
Among the inactive shares. Evansville and
Terre Haute rose 81; Peoria, Decatur and
Evansville 2; Delaware and Hudson N, and
Canadian Pacific ~ lom their last recorded
sales One of the features of the day was the
digging up of silver certificates from 96A to
10OL on the strength of the action of the Senate
Finance Committee last evening.
Railroad bonds were quiet and as usual of
late steady to firm without marked changes of
note The sales of all issues reached 81. 379, QUO,
and the few important changes were advances,
Peoria, Decatur and Evansville firsts rose to
IO9. and Reading firsts TO 673l.
The Post says: Some doubts exist as to the
probable results of the present efforts to form
an association of Western roads for the maIn-
tenance of rates, the opposition of the Alton
being the principal point against any successful
organization. That some progress has been
made there is reason to doubt. but j: will re-
uuire some time to induce that road to act in
concert with the other roads,
The trust stocks were quiet and firm with the
exception of lead. which was ac lower on small
business.
The following table shows the prices of active |
day Corrected daily for The DISPATCH by |
WHITNEY & STEPHLNsoN, oldest Pittsburg men, |
hers of New \ ork Stock Exchange, 81 Fourth ave
nue.: