Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-09
NEW YORK STOCKS.
Market Active in but Few Instances-Gas
Stocks Strong and Railroad Bonds
Liyelier-London Buys Liber.
nlIy-sugar Advances.

Liyelier-London Buys Liber.
niIy-sugar Advances.
NEW YORK May 8.-The stock market was
active for few stocks, but rather quiet for the
general list to-day, and feverish and irregular
tone marked the dealings almost from begin
ming to end. The conspicuousiy strong stocks
were Chicago Gas, Sugar Refneries, New
England and Burlington and Quincy. and
among the specialties Laclede Gas and Wis
consn Central, while the only stock displaying
any real weakness during the DAY was Atchison.
the close of business
The true status of silver legislation was un-
derstood in London this morning and as con-
sequence that center was again liberal buyer
this morning and the London prices were
higher. But the leading bears sold out: bulls
had determined to take advantage OF the prev
alent opinion in the street that reaction is due
and resisted the natural tendency OF the mar
ket to advance with heavy short sales at the
opening. The transactions as usual in such
movements were chiefly in a few
stocks only, Oregon Transcontinental
to any marked extent, though all the market
was dropping under the influence of the attack.
The bold buying of sugar rehneries by noted
operator, however, with the resisting power in
the market at large, soon turned the course of
prices, and Chicago Gas followed Sugar with
the rest of the market failing on. The trading
for the remainder of the day up to delivery
and narrow fluctuations and rapid changes
from weakness to strength and vice versa.
Chicago Gas, New England and Sugar were all
specially strong, and the buying Of the former
is ascribed to a pool which intends to compel
the shorts who are some of the most influential
operators in Chicago to cover. The formation
of a new Anglo-Amercan company, with the
avowed object of purchasing gas stocks In this
country, was also an influence in making not
only that stock, but also Consolidated Gas and
La Clede Gas specially strong and active.
New developments in the East were given as
the cause of the strength in New England, but
the late weakness in AtchisOn was for no ap-
parent reason. The squirt in Burlington and
Quincy in the last hour was thought TO fore
shadow some new developments in regard to
the Western rate situation, but nothing had
transpired' up to the close Of business. The
market finally closed strong and active on the
late rally, with most of the list but slightly
changed from last nights prices, though gen.
orally higher. There were no important declines,
while Laclede Gas is up 8 Sugar 2ss, Chicago
Gas 2 New England N, Burlington and
Quincy 1s6 and Wisconsin Central Ice.
Railroad bonds were again more active, and
the sales of all issues ran up to 81 ,OO0 wi h
larger number of prominently active issues
than on any day for a long time. The market
was strong all the way out. and the special
features were the Laclede Gas 5s the Athi-
sons and the Texas Pacifics. There were no
losses of Importance. and the advances include
Laclede Ca IS, 2, to S615.
The Post saws: The news of the forenoon
was of favorable turn, except the cutting of
rate by the lake lines railroad earnings
settlement of the Western rate troubles has
improved within the past few days.
The war between the Grand Trunk
and the NJ Northern 1tfeG1 .ss Steamship Com Com
which will receive their full proportion on all
business. The general feeling continues
strongly bullish and favorable to higher
range of prices thai yet reached. Out of ITO
l,ak IL I~1o,
prices this year in February, % in
January. % in March and II in April The
lowest point of the depression was reached
from the 18th to the 25th of February. The
four months. there has now been an average
recovery of about to points. On the 35 most
active there has been an average advance OF
points from their lowest prices made in the
unevenly distributed. The total net ad-
vances from their lowest prices to
the present figures have been: On
San Francisco preferred Is points; Chicago Gas
H. San Francisco common and Manhattan, IA
each; Atchson and Milwaukee, Lake Shore and
Western common. IL; Lackawanna and Colo
RADIO Coal, IL; Northern Pacific preferred, Ore
gon Transcontinental and Wheeling and Lake
Erie common, 10; Canadian Pacific, Milwaukee,
Lake Shore and Western preferred. and
Wheeling and Lake Erie preferred, 9; Burling
ton and Quincy. st. Paul, Northwestern,
Reading and Richmond Terminal preferred, 8;
Canada Southern, Denver. Texas and Ft.
Worth, Lake Shore and Missouri Pacific, Z;
Lake and Erie Western preferred, 6; Rock
Island, Union Pacific, Wisconsin Central and
Western Union, 4; Richmond Terminal, g.
New England, Chicago Gas and Sugar Trust
are being manipulated by a well known large
specuator and were advanced by him in the
afternoon when al the rest of the market was
weak.
The following table shows the prices Of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for The DISPATCH by
m Arn.
nue: