Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-24

extraordinary temptations presented by ex.
hilarating crop and railroad prospects, until
it is quite clear that the outflow of gold has
reached an end. 1t cannot at present be
said That we are certainly clear OF the dan-
ger of money market that might compel
realizing on stocks. 1t is encouraging, how
ever, that the banks continue to make large
gains OF currency in their transactions with
Doth the Sub-Treasury and the interior, the
gains from the former source during the
week having been 81, 900 and from the
latter about S5250 900, total of Sc, 6,55OOO0 Tne
exports of gold for the week amount in
round figures to $4,000, 600.
Gould a Great Factor.
John M. Oakley & Co. received the follow
ing over their special wire: The market to-
DAY mas Kept its high pressure OF yesterday,
and made gains, Notwithstanding sales by
traders to realize and the usual operation
for @ short account which fight every rise.
The bank statement, showing an increase in
reserves, largely due to the TACT that de-
posits fell OFF over 100000, was fully as
good, II not better, than expected. 1t re-
interior. 1t will not do to bank on a cessa-
ton OF gold exports, however, for there is
no positive reason for expecting such O
happy prospect. 1t would be singular II the
$1,000 ego sent out this week abruptly ended
, the refiux of the yellow metal; even if more
gold goes, it does not imply an indefinite
continuance, yet the announcement would
pc used by room traders as a pretext Ter
ldIIllncI1nR Jno market.
One of the best informed dealers in for
eign exchange expresses to us the opinion
that the most senseless part of the present
gold-shipping epoch is the refusal of the
United States Treasury to part with its gold
bars. The effect of such refusal, he urges,
is not only to increase the expenses to the
Government of coming the bullion held
back to take the place OF the coin sent, but
1t forces the merchants to pay an unneces-
sarily high price for their exchange.
wa : q STRONG
but it is almost invidious to mention any
one stock, as the general list shared equally
at the improved feeling. st. Paul was as
conspicuous as ever and enormous transac-
tions took place in it, due, doubtless, to very
skillful manipulation, which may, in part,
at least, be safely attributed to Mr.. Keene. A
bull feeling pervades the country, and spec
ulators want to be bullish as far as circum-
stances will allow. The short interest has
by no means been eliminated.
MIR. Gould still remains great factor, but
the race of speculative giants has about run
out. There remains upon the scene one of
his former losses and come forth again as
the central figure of Wall street. James r.
keene possesses speculative instinct which
has developed into faculty which marks him
as leader. His exploits in the speculative
arena will do much to stimulate the business
in Wall street and place it in the front rank
of the worlds greatest exchanges.
Men and not four walls make exchanges
and markets, and a man like Mr.. Keene does
more than all his critics to awaken through
purely speculative means an energy and
spirit which communicate their hopeful in
fuence to commercial and industrial chan
nels. Wall street sets the pace for the rest
of the country, and it is quick to interpret
all signs in the heavens above or the earth
beneath and translate them to the country,
The following table shows the prices of active
stocks on the New York Stock Exchange yesterday.
Corrected daily for THE DISPATCH by WHITNEY 6
STEPHENSON, Oldest Pittsburg members of the New
York Stock Exchange, 81 Fourth avenue: