Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-01
A WET BLANKET
Still Stretched Over Wall Street-Another
Remarkably Dull Day In Speculation
No Striking Features and

re" frlce Ouun8ess
NEW YORK, March 3l-The stock market to-
day was the dullest for years, and although the
prevalence of the general opinion that there
will be no April money scare this year had the
effect of making the market firm; there was no
feature in the dealings outside of special move
ments in two or three stocks. The late talk
about reduction in coal prices affected the Coal
stocks to some extent. and Lackawanna and
Jersey Central responded. material recov-
cry in Jersey Central occurred after the dec
1aration of the regular dividend of Is per cent,
but the movement lacked vim, and the stock
became stagnant with the remainder of the list
later.
The death of David Dows was the occasion
of the revival of the stories that his Rock
Island stock would come upon the market, but
the influence of these stories was extremely
small. Tennessee Coal showed marked weak
ness in the early trading. when the only active
movement of the day occurred, and sold down
to 473, against 491a. but later recovered to 49H.
The low priced shares were utterly barren of
feature. The decision In the Morris and Essex
tax case was used against Lackawanna, and the
traders rolled it for turn in the early morn
ing, but these operations soon ended and the
usual stagnation occurred.
The general list under the execution of the
orders accumulated over Sunday displayed
considerable firmness and slight advances were
scored, which were not wiped out. and the
close while intensely duh, was steady at slight
gains over Saturdays figures. The only move
ment of importance in the final figures is loss
of per cent in Jersey Central
Railroad bonds were more active than stocks,
the dealings in all issues footing up S96S O0O.
Erie seconds again come into prominence, and
S2lS0 of them changed hands without chang
ing their final quotation at all. The same
apathy was shown in bonds, however and the
fluctuations ere almost in all cases insignfi-
cant. Peoria, Decatur and Evansville seconds
rose 2 to Y, while the only decline of note was
~ per cent in Big Sandy 6s, to 93h.
The Post says: Concurrent with the selling
of Jersey Central, which was rather heavy for
that stock. there were reports from Philadel-
pha in regard to some move soon to be made
by the anti-Corbin party, which, it was iutI-
mated, might result in separation of the
Reading from the Jersey Central, thereby i'm
pairing the value of the terminal property OF
the latter in Jersey City by depriving it of the
Reading business. Such stories are, however
easy to concoct, and this one may have been
made up for the purpose of depressing Jersey
Central and Furnishing the Corbin party, who
are heavy holders of the stock"
Checks to the amount of S., 1856 S76 for April
interest on the registered 4 per cents were
mailed at Washington to-day, and as a large
amount of railroad and other corporate inter-
eStS will come out tomorrow it is expected that
money will be more abundant.
The following table SHOWS the prices active
stocks on the New York Stock Exchange yester-
day. Corrected daily for TIE DISPATCH by
WHITNEY STEPHENSON, oldest Pittsburg mem
bers of New ork Stock Exchange. or Fourth ave-