Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-27

decidedly in the ascendant to-day. The
London market has for several days past shown
renewed interest in American securities, and
companied com % by liberal buyine orders order IN ali the
London favorites. which had the effect OF
opening this market materially higher. The
foreigners were specially prominent in the
st. Paul, Erie and some others, and these
stocks were leaders Of the market all the way
out.
They were undoubtedly heavy realizations at
the high figures OF the opening. to which force
was added some hammering by the professional
brokers who sold stocks whenever they ap-
peared sluggish. The drive had the effect of
sagging prices of for . few minutes. but the
prices, and from that time, except in q few
special stocks, there was NO weakness shown
In the market.
Chicago Gas was specially heavy in the early
litigation, but it recovered latter, though it
failed to reach opening prices. The grangers
were again very prominent in the upward
movement, and the st. Paul stocks in particu-
lar, and the dealings in them reached high
figures. There is talk of resumption of divi-
dsnds upon the common stock, but the officers
of the company give little encouragement to
the idea.
The upward movement continued till the
close with slight reactions from time to time,
but the close was active and strong at about
the best prices reached. With few excep-
tions the entire active list was higher tonight
and st. Paul preferred rose 15Sc; the
common, u; Wabash, 1ss: the preferred. ~;
Erie, 11s and Big -Four and Lake Shore, each
per cent. Railroad bonds kept pace with the
share list in both its activity and strength, and
a business of 81, 102. 600, with some general ad-
vances In the list shows the prevailing temper
OF the speculation in its true light. The Texas
Pacific incomes. with Sl45, 600, and the Atchison
incomes, with Sis, 900, were the active issues.
Among the principal changes for the day were
Cedar Falls and Minneapolis firsts rose ~ to
76%. The sales of bonds for the week reached
the large total of SILL 4l9 000 against S. 2l9 900
for last week. Government bonds have been
dull and steady. Bonds have been dull and
featureless.
The Post says: The market this morning was
active and higher. aud the best prices of the
day were made in the last half hour after the
appearance of the bank statement at lao
showing an increase of 81 00S us. In the surplus
reserve the gain was principally in legal tenders,
which reflected the movement of currency from
the West and South. Loans were contracted
81 207, 500 and deposits were reduced So 605, ,5OO
The large advance on the coal stocks was due
than any heavy buying for the long account.
The condition of the coal trade, while some
what improved, is not materially different from
a month ago. Large earnings reported byroads
in all portions of the country have had consider
able influence in the upward movement of
prices, and the agreement silver bill
materially assisted the advance in prices. The
continue so, but the advance OF the last two
weeks has been so great as to warrant reason
able expectations of a reaction.
The following table shows the prices or active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY & sTEPHENsoN, oldest Pittsburg mem
bers of New York Stock Exchange, 81 Fourth ave-
nue.: