Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-03
KEEPS ITS GRIP.
Wall Street Still Encourag ging the Bull
Movement-Shares Somewhat Fever.
ish-Nearly all Important


NEW YORK. May 2-The stock market still
maintains its moderate activity, although th
business done at present is far in excess of tha
| for the past two years. To-day the market wa!
somewhat more feverish than usual of late, an(
| efforts to bring about reaction met with some
little success in the general list Almost all the
| important changes for the day are advances
The news of the day was not of particular i'm
portance, In the meantime the market halts &
little, waiting on developments.
The feverishness and late weakness in the
market to-day was occasioned almost entirely
by realizations, which were in most instances
the result of a desire to close out deals for the
week. tomorrow being a half holiday. The
fluctuations in most of the list were not specI-
ally important. The bears had the help of re-
ports of cutting of rates by the Eastern Min
nesota, and decrease in the earnings of st.
Paul for March.
Among the specially strong features to-day
was Chicago Gas in the forenoon.
Oregon Transcontinental later became leader
of the advances on a very large business, rising
2 per cent. Manhattan, Wheeling and Lake
upward turns, though the San Francisco conf
mon lost all of its gains and something addi-
tional, and is one of the few stocks showing a
material loss at the close of the day.
The market closed active and rather heavy
and generally at slight concessions from open
ing figures The undertone market continues
firm. The majority of the list is in small frac-
tions. The only marked losses were San Fran
cisco ~, Rock Island and Colorado Coal per
cent each, while San Francisco preferred is q,
Manhattan IA, Wheeling and Lake Erie 11S,
Oregon Transcontinental per cent.
Trusts were more active to-day, especially
lead, but their gains were slight. Railroad
bonds were more active to-day, sales of issues
reaching S2l9, 900; Texas Pacific seconds, the
Atchson issues. the Atlantic and Pacific is
sues, Wabash seconds aud Oregon Transcon-
tinental skies as active features. There was
only one strong point in the market however
the Kansas and Texas certificates. Final
changes are in a few cases for more than frac-
tional amounts. East Tennessee frsts and
Z edar Falls 6rsts were specially weak, but
many inactive issues traded in scored material
gains over their last sales.
Government bonds dull and steady; State
bonds have been dull and featureless; petro-
leum firm at $50, moved up 86]5 in early trad
ing: the market then reacted and closed steady
at S55s. Stock Exchange opened at S51a, high
est 8611a, closing at S55s. Consolidated Exchange
opened at 81, highest S65s. lowest 85ss, closing
at S534; total sales 3l9,O00 barrels.
portant factor in the advance in the stock mar
ket during the last week, especially in the last
few days. This is shown by the increase of Sc
curity bills in the exchange market noticed by
all the exchange dealers in the last day or two.
This argues well for continuance of the ad-
vance in prices, because London is at first
rather slow to sympathIze with advance. which
was initiated by professional speculaT ors here
and in Chicago. Even yet speculation in stocks
is confined almost entirely to the mass of pro-
fessional speculators as distinguished from
what the street calls the general public"
stocks on the New lork Stock Exchange yester-
day. Corrected daily for The DISPATCH by
bers Of New York Stock Exchange, 81 Fourth ave-
nue.: