Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-15
THE OUTSIDE INTEREST
An Important Factor in the Share Market
Advances Throughout the Entire
Active List-Heavy Purchases
for FOREIGN Account


NEW YORK, May A.-The stock market to-
day was extremely active all the way out, while
the strength shown kept pace with the activity,
and an unbroken line of advances among the
active shares is the result of the days opera
tions. The trading to-day gave the most posi-
tive evidence that the public are in the market
to a much larger extent than it has been given
credit for Of late, and the professional opera
tors found the making of quotations taken en-
tirely out of their hands, which Is a compare.
lively new experience for them. The recent
disturbances in the West seemingly count for
nothing against the general impression that
values are on an up grade, and the news of the
day, especially that of a bearish tenor. was paid
no attention to.
The foreigners were more of a factor to-day
than they have been at any time yet, and the
purchases for foreign account gave the market
its first advance to-day in the face of consider
able pressure brought TO bear by the shorts
Commission houses were we'll supplied with
buying orders and at every concession there
was flood of buying orders executed which
quickly turned the course of prices and the
reactions were short and of small Importance.
In some stocks there was considerable excite
ment at times. and while different shares came
to the front at ditferen: times. there was no
dIminution to the large trading from beginning
to end. In the early dealings the Coal stocks
were most prominent for strength and Dela-
ware and Hudson shot up per cent
to u.s. Jersey Central following. The
forenoon. but later the trusts, especially Lead
and Chicago Gas, took the lead. followed later
by Atchison, st. Paul and Richmond and West
Point. The bull points were out on almost
everything on the list and there was scarcely
a stock which did not share in the general i'm
provement. Among the specialties there were
not so many marked movements, but the San
Francisco stocks were again sharply advanced
and Mexican Central and La Clede Gas were
specially prominent for both strength and ami
nation. There were reallzations all day long,
I.,,~ Nt,a 1svarr -
hour and a temporary reaction was forced at
that time, but the demand was too much for
the sellers and the market closed very active
and strong generally at about the highest prices
of the day. The list is almost invariably
higher, and Delaware and Hudson. after
6hicage Gas, 27$; ,Aschisqn. ~; Ms
each l, and some marked gains among the spec
ial;ies took place. The dealings in railroad
bonds kept pace with those in stocks, and the
grand total Of transactions to-day is S4 355, ,000
out of which Atchison As figured for 100000
Atlantic and Pacific incomes $69O.00O and
Texas Pacific incomes, Reading tirsts and
Atchison As for smaller amounts. The activity
extended to all the issues of the roads in pro-
cess of reorganization or the new issues of a
speculative nature, and, while the tone OF the
market was strong, it was not so pronounced
as that in stocks, several declines of magni-
tude taking place. The principal advances
comprise Atchson incomes 2E to 701s; Chicago
and West Indiana general Is. to ll9; st. Joe
and Grand Island seconds, to 46. Govern
ment bonds have been dull and steady. State
bonds have been dull and featureless
The Post says: The news of the forenoon was
of mixed character, but the general tenor was
favorable. The strength of the market yester-
day and to-day has been somewhat of surprise
to traders which looked for reaction in price
on the higher rates for money, but the outside
public is in the market to q greater extent than
generally supposed, ana the support from this
source more than balances the efforts of the
bears TO depress values.
Prices were lower in the afternoon the de-
cline having been only 1s@l per cent. The net
result for the day was an advance Of z@4 per
cent.
The following table shows the prices or active
stocks on the New Y ork Stock Exchange yester-
day. Corrected daily for The DISPATCH by
WHITNEY STEP HENSON, oldest Pittsburg MEM