Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-02-05
NEW YORK STOCKS.
Shares on the Rise and the Market Closes
Quiet but Strong-The Lead Trust
Dividend Disappointing-vander
nd


Quiet but Strong-The Lead Trust
Dividend isappointing-vander-
bilt and Gould Buying.
NEW YORK, Feb 4-The stock market con-
tinued to show great strength to-day and re-
versed the temper of yesterday completely,
while there was an increased volume of busi-
ness, though the aggregate is still small. Rail
road earnings reported now are showing up
much better than was expected, and commits
sion houses report again an increased inquiry
from outsiders. The general belief is that
should the present movement continue without
serious setback for little while longer there
will be more outsiders in the market, as well as
good buying for London account.
The buying to-day was apparently from Van
derbilt and Gould sources, but there were
rumors of pools in several stocks among
which ST. Paul and Lake Shore were conspicu-
ous and both made handsome advances to-day,
the latter being helped materially by the report
of It's earnings for the foufth week in January.
Other especially strong Stocks to-day were
Lackawanna, Wheeling and Lake Erie and
Pacific Mail in the general list, while among
the specialties there were some large gains
made, Jersey Central, Delaware and Hudson.
Edison General Electric and Great Northern
preferred being especially prominent.
The market opened with firm tone, but re-
manned dull except for those stocks which had
tone was soon developed. and late in the day
the upward movement became most pro-
nounced all through the list. Outside of ST.
Paul and Lead Trust, however, there was not
at any time any real activity. The lopg-ex-
pected declaration of the dividend on Lead
Trust came to-day and was great disappoint-
ment to many who have been expecting one of
per cent whereas the dividend was only u of
per cent. Upon this there was heavy selling
by the disappointed spectators. and this neu-
tralized the buying, which was indulged in by
those who have been waiting ior the dividend
or other good news before purchasing The
stock rose only a small fraction in the early
trading, but lost all the Improvement later in
the day with something in addition. The other
industrials were affected to a large extent, and
the material advances made IN the Sugar
stocks in the forenoon was atterward entirely
lost
The market showed increased strength as the
day wore along, outside of the industrials and
while there was, as usual, some realizing in the
last hour upon the advance scored. there was
no setback, and the close, while quiet, was
strong at the best figures of the day. The list
is almost invariably higher, and Jersey Central
Is up 81; St. Paul, ~; Northwestern and Lack
awanna, each l5s; Rock Island. l3s; Lake Shore
IL; Pacific Mail and Louisville and Nashville
each N and Burlington, per cent
Railroad bonds were more active and
stronger, with some marked gains among tho
active issues. The sales reached 81, 725 OO0 out
of which Kansas and Texas 4s contributed Sll3-
900. and Rio Grande Western As S120 0Op, the re-
maiDder of the business being very
were Louisville, New Albany and Chicago con-
soils to 95, New York and Ohio Southern is
to 63
The following table shows the prices OF active
stocks on the Now York Stock Exchange yester-
WHITNEY & STEPHENSON. Oldest Pittsburg mem
bers OF the New York stock Exchange, 81 Fourth
avenue: