Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-14

although those in which the short interest was
largest, including ST. Paul, Burlington and
Chicago Gas. felt the movement more than the
rest. London was also buyer in the early
trading, while the West took the Grangers
again. and many specialties scored handsome
gains, the Wabashs being very prominent. The
taken from here, and the announcement OF this
facragain gave the reactionists chance to
hammer the Nst and the temper of the dealings
underwent change, the bulls evidently hold.
ing of for developments, while the bears were
inclined to press their advantage, and the
activity. such as 1t was, OF the afternoon, was
always accompanied by declining figures.
All the early advances of note were wiped
out and the sluggish stocks, such as the North
ern Pacific and g., c. c. & st. l.. with some
others, scored material losses before the down.
ward movement was checked, when dullness
became the leading feature of the market.
The bears however. continued to hammer the
market throughout the session, and the activity
was not what it had been in the early trading
until just before the close, when the downward
movement was greatest. The weakness was
most apparent in Northern Pacific preferred,
Missouri Pacific and the Grangers, though the
industrIals and specialties were not far behind,
and not only were the mornings gain lost but
fractions in addition all along the line. The
close was active and weak at the lowest points
IN everything almost traded in The final
changes are irregular and in all cases for
fractional amounts, except in Northern Pacific
preferred which IS down 11s per cent, though
the losses are by far the more numerous.
Railroad bonds were In general unnteresting
to-day. but a few marked movements enlivened
the monotony, the most important being the
strength in the Texas Pacific issues and Kan
sas and Texas seconds, and the weakness in the
South Carolina incomes the Atchison IN
comes were active, as usual, furnishing Sli9,-
COO to the total of 81, ,34l 900 for the day. but
failed to move materially, and like the great
majority of the list is cnly slightly changed
this evening. South Carolina incomes are 4
per cent lower. Government bonds have been
dull and easier. State bonds have been dull
and without feature.
The Post says: Slightly higher rates for
money in London caused In advance in the
actual rates for demand sterling here to-day,
and to that extent increased the probability of
further gold reports from here this week, in
fact it was announced about o'clock that two
houses had already prepared to ship S50O.O00
gold each. or ST. 600 900 in all, on Wednesday, to
Berlin. This had the effect to check the ad-
vance in stocks here, ana caused slight reac-
tion by 1:30 o'clock. But at the same time
special cables from London stated that the
gold withdrawn from the Bank OF England for
Germany had been couutermanded tor the
time being. and would not be sent. This made
higher prices for American stocks in London,
and the closing figures of the market there were
considerably higher than prices here at the
same time. The movements of the foreign
erratic just at present. London Is evidently in
speculative wood. is buyer of stocks, but
neither London nor the Continent is buying
bonds to any extent, and as the purchase -ot
the bonds represents investment" while that
of stocks is more likely to be only temporary
the latter would seem to be more
nearly the character of the foreign market
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. G CORRECTED 4 daily for yaE pIsrAIcn by
bers of the New York Stock Exchange, 81 Fourth
avenue;