Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-09
NEW YORK STOCKS.
An Unusual Demand for All Kinds Of
Bonds-Cold Weather Sends Coal
Shares Up-Other AdvasaeJ Are
for Small Figures,

for Small Figures.
NEW YORK, Jan. S-The stock market to-
day was still strong, but there was a waiting
disposition manifested by the local operators,
pending the result of the meeting of the Presi-
dents in this city. The general opinion was
that favorable result would be obtained, and
the market exhibited considerable strength
until it was known that the meeting had ad-
journed without doing anything of Importance,
when dullness again marked the dealing.
The feature of the trading, however. was the
demand for all kinds of bonds even the low
priced bonds beginning to join in the active IN
vestment demand. The coal stocks and the in
dustrials were also features of the market, as
the continuance of The present cold weather
has brought in a more confident buying and
to day Lackawanna rose nearly per cent, the
others following.
Sugar Refineries was prominent all day long
and strong. especially in the forenoon though
there was no news Of kind to fayorably affect
the stock beyond the postponement of the Cam
eron suit.
The day began with all the conditions favor.
able, the reduction of its rate of discount from
3 to per cent by the Bank of England being
one of the most influential. The opening prices
were, therefore, 1ractionally higher. and with
the coal stocks in the lead further advances
were made all along the line in the forenoon.
The fluctuations outside of the stocks before
mentioned, however. were slight, and while a
firm tone prevailed there was little vim in th 9
market Dizziness became the ruling feature,
and continued SO until the close The trading
element was inclined to take advantage of this
apathy to hammer stocks. their operations re-
sulting in partial loss of the early gains.
There WEI strong spots here and there in the
list. however, and no material impression was
made upon prices.
The market finally closed quiet and firm
generally al something better than the opening
figures The final gains of Importance COM
prise Lackawanna, 35s: Sugar, 23s; Delaware
and Hudson, 81 and Jersey Central, ~.
Railroad bonus were again more active but
failed to display as strong front as during the
past few days, although few losses resulted.
The transactions foot up So, 4300 600, but of that
amount AtchiSon incomes contributed S572 600;
Northern Pacific 5s. Sl34. 600, and Texas Pacific
income, Sl03000. Among the important ad-
vances are Worth and Denver which rose to
104, and New ork Northern seconds, 2 to7
The Post says: The reduction of the Bank
of England rate to-day was probably surprise
to some people who thought themselves well
informed as to the monetary situation there.
They did not expect it, because it is pretty
well understood that more gold will have to 20
to Germany, and also that the S3 000, 900 of the
Bank of France to the Bank of England will
in fact, are good reasons for expecting that the
present extreme low rates fo- money in the
open market in London will not continue.
Nevertheless the Bank of England directors
are undoubtedly prepared for the Withdrawals
of gold for Berlin and Paris. They would not
would be compelled to put it up again very
soon. On the whole, it shows great improve.
ment III the monetary situation in London
The following table shows the prices OF active
stocks on the New York Stock Exchange ycster-
day. Corrected daily for The DIsPAIcH by
bers of the New York Stock Exchange, 81 Fourth
avenue: