Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-11
NEW YORK STOCKS.
The Gould and the Atchison Shares the
Most Prominent Features in an Active
Market-General Advances Fol-
lowed by a Reaction,

lowed Dy a heactlOn.
NEW YORK, April 1O.-In the stock market
points were freely distributed to buy the Gould
stocks this morning, and those shares, espe
cially Missouri Pacific. were more prominent in
the market than for some time, though the
cause of the prominence of Missouri Pacific
was to be sought elsewhere. Reports were
freely circulated that Mr.. Gould. while in ST.
Louis, had made arrangements by which closer
relations were to be established between the
Missouri Pacific and the Atchis0n, and those
stocks became the leading features of the day,
both for strength and activity. They were,
however, the only ones in which the buying
was at all remarkable, and it was evident that
while the bull leaders might not be looking for
a reaction there was willingness to let the
market take its own course for time.
There was, especially la the early trading,
heavy selling for the long account, and much of
it was believed to be for the account of the
bulls, Chicago being credited with most of the
sales in the Grangers The commission buy
ing, however, was excellent, and. as the temper
of the room was not positively reactionary, the
strength of the list prevented any material de-
cline outside of the Indusrrials, Chicago Gas
and Sugar each dropping away over per cent,
though each rallied smarIly lat in the day. The
selling for London account, however, and the i'm
preston that there would be further orders of
gold for export this morning, which was fully
justified by the event, gave heavy appearance
TO the opening. The concessions in the active
stocks, however. were in all cases Insignificant,
and even after the announcement of the gold
engagements there was no real weakness in the
list.
The stubborn resistance to the realizations
and the efforts to force a decline, gradually de-
veioped positive strong tone, and in the after
noon increased animation was accompanied by
general upward movement all along the line,
in which even Northern Pacific preferred was
one OF the most prominent stocks. The extent
of the advance. however, was generally for
fractional amounts, and its value was seen in
its uniformity rather than in the wide fiuctua-
tions of a few stocks, and the steadness of the
upward movement gave the advocates of
higher prices renewed confidence that the long
expected boom has arrived.
The afternoon advance, however was fol-
lowed by vigorous attack upon the list. which
In some cases. especially Burlington and Rock
Island wiped out most of the former improve
ment. 1t was an organized attempt to take
advantage of the gold shipment, and in a
measure was successful, as the final changes in
the list are generally small fractional. losses
from last nights figures. Among the special.
ties, Flint and Here Marquette, Brunswick and
Chicago and East Illinois were prominent for
strength, but the majority shows small trar sac
tions and narrow movements. The market
finally closed quiet and fairly steady at lnsig-
nlficant changes from first prices. The only