Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-07
NEWsYORK STOCKS.
The Entir' List Shows an Improvem mt
Over the stagnation of the Past Two
Weeks-The Bulls Get the Upper
Hand and TI,ay Eoa,,

NEW YORK. April 6.-The stock market un
derwent a sudden change in its character and
from the dullneSs and listlessness of two weeks
there was jump into activity and decided
strength. which was a most welcome relief 10
the street after its long stagnation. AS a result
of the operations of the day almost everything
traded in shows material improvement over
last weeks figures. The feeling the street
this morning was pronouncedly upon the bull
side. The stimulating influence undoubtedly
came from Chicago, and the stocks in which
that center is interested took the lead in the
early rise. while outstrIpping everything else in
the amount of business recorded.
Chicago Gas was the prime favorite. but Bur.
lington and Rock Island were not far behind,
and St Paul. Archison and Union Pacific fol.
lowed closely. The onl- stocks other than
these which attainet any prominence during
the day were Sugar, New England and Cord
age. The new movement on the part of the
Chicago people may indicate that the time has
come, in their opinion, to bull stocks. owing
principally to the adjournment of the Western
Legislatures and the final defeat of the anti.
railroad legislation or it may mean that the
speculation in cereals has eliminated, and the
capital which has been so long locked up in
those deals is now free TO seek other channels
of profit. However this may be there is no
question but that the advance to-day was uue
to buying for the long account. and the market
having resisted so strenuousy all the depress-
ing influences of the past two months, a follow
ing among the local operators will not be hard
to accumulate.
The financial situation on the other side is
not all that could be desired, but it has ceased
to have any terrors for Americans and the low
state of the reserve OF the Bank of England has
no deterrent There were only two really weak
7 spots in the market to-day, Illinois Central and
Great Northern preferred, bnt the latter made
no recovery, while the former Joined the other
Grangers and recovered handsomely while
showing no gain for the day. The Northern
P3cltics were also rather sluggish. and failed
to maintain the level of the opening figures.
though their losses were insignificant except
as in contrast with the rest OF the market. The
general list, however, after firm opening fol-
lowed the leaders and show small advances for
the day. There was evidence of heavy realZ-
ing sales in the first and last hours, and the
latter caused some concession in many stocks
from the highest of the day. but the market
closed active and strong at or near the best
figures.
The final advances of note include Sugar.
81; Darlington, 3s4; Rock Island. 1A; Chicago
Gas, IA: c, C., Z. st. L. and Colorado Coal
easy. "a; New England, lsss; ST: Paul, IL; Man.
haitian, l1s, and Northwestern per cent.
Railroad bonds partook of the activity and
strength In the share list to only q limited eX-
the fnal changes are, in almost all cases. insig-
nlficant though the great majority are in the
upward direction. AtchiSon incomes were
most active, with Sl47 o00 and the remainder of
the business widely distributed.
Government bonds have been dull and
steady.
State ponds have been dull and featureless.
The following table shows the prices OF active
stocks ON the New York Stock Exchange yester-
day. Corrected daily for THE DIsPATcH by
bers OF the New ork Stock Exchange, 81 Fourth
avenue: