Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-02-04
NEW YORK STOCKS.
A Slight Reaction, but No Heavy Losses,
Union Pacific Suffering Most-Sugar
and Lake Shore Are Higher-van-

and Lake Shore Are Higher-tan-
derbilts Forenoon Feature.
NEW YORK Feb 3-The stock market to-
day had somewhat of a reaction, though the
movement was marked only in few stocks,
such as Union Pacific, Rock Island and Western
Union. but the rest of the list presented firm
front during most Of the time, and especially
Wheeling and Lake Erie. Lake Shore. Mich.
gan Central and Pacific Mail. The strength of
the first named is to be attributed to the an
nouncement that Sidney Dillon had been
elected a director of the company. The Gould
stocks we're also strong in the early portion of
the day, and the impression in the street is that
Mr.. Gould's trip over the Richmond Terminal
as the guest OF the President John H. Inman,
is for the purpose of forming an alliance be-
tween the road and other Southern roads and
the Missouri Pacific.
The strong features of the day, however
were the Vanderbilts, and the impression that
the insiders are buying IS firmly rooted in the
traders and habltues of the street, which has
held, and Lake Shore to-day reached point
which was per cent above its best price OF last
year. Michigan Central spurted up per cent,
retaining most of the advance, and Canada
Southern showed a strong tone and more
activity than usual of late.
The Industrials. with the single exception of
Chicago Gas, was strong to-day. the new Sugar
stocks rising materially. The remainder of The
market, however, was dull and sluggish
throughout the day, and Loudon was a buyer
to limited extent in the early trading, and the
other bullish influences named were more i'm
portant than anything which could have an op-
<posite effect. ..'
The traders were inclined to the bear side,
and after the first demand had been satisfied
there was considerable pressure of short stocks
from that element. and prices sagged through
out the remainder of the day. The downward
movement, however, was in no case specially
important outside of Union Pacific and tho
corn roads. Rock Island was the leader among
the group. but it failed to score material loss
for the day.
The trading was entirely devoid of special
feature during the afternoon, with the excep-
tion of sharp rise of per cent in Tennessee
Coal in the last few minutes. The market
closed very dull and heavy at small fractions
under the opening prices in most cases. There
were a few advances, however, and Sugar
Receipts are up l33s. and Lake Shore a. while
the only important loss is IN in Union Pacific
Railroad bonds presented irmer front than
usual of late, and while the gains in the list
were generally Insignificant the movement was
almost all in the upward direction. although
the marked gains were not in the active issues.
The total transactions reached 81. 23S, 900 with.
out special animation in the market. Houston
and Texas general receipts rose 2 to SS
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for The DIsPA1CH by
WHITNEY STEPHENSON. oldest Pittsburg mem
bers of the New Y ork Stock Exchange, 81 Fourth
avenues