Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-25
NEW YORK STOCKS.
Shares Feverish and Irregular, With Small
Changes at the Close The Bull
Strength Similar to That in 1879
Two Strong Features.

NEW YORK, April 24-The stock market was
feverish and irregular In its movements
throughout the day, and the final outcome of
the days business is generally on small changes
in either direction. The restraining influence
was the further engagement of over Sl,60O.000
gold at the Sub-Treasury for shipment to
Europe tomorrow, which checked a most
promising upward movement in full play. The
bullIsh feeling is almost entirely based upon the
excellent outlook for the cereal crops for the
coming season, however, and other influences
of an adverse nature receive little attention
except for short time: and while they usually
give the bears and sold out bulls a chance to
get hack the stocks sold at lower prices, the
real buying is not permanently checked.
The arrival of Mr.. Gould was expected to
give the market a lit, but outside of the
unusual strength shown for time in Wabash
preferred there was nothing TO show that
either he or his friends were specially active
in the market. London was 4 moderate seller
in the early trading. especially of st. Paul and
Northern Pacific preferred, but the latter stock
recovered with the remainder of the list, and
later in the day displayed even more strength
than the general list. The West sent liberal
buying orders, and London became a buyer
altef the first selling movement had eliminated,
which was specially noticeable in st. Paul,
Northern Pacific preferred. Sugar and Rock
Island. Sugar was rather weak all the day.
and was the only one Of the InduStrials to take
prominent place in the dealings. though the
others were inclined to follow it in temper and
remained dropping all day long.
st. Paul and Northern Pacific were the
special features of the day, the trading in the
former being extremely large and the contest
in it specially well maintained on both sides.
The market gradually outgrew the effects of
the gold shipments. however, and while the
general list was not specially active or strong
several stocks made material advances. Promi-
nent among these were Lackawanna, Ontario
and Western and Northern Pacific preferred.
Notwithstanding that the bears attacked the
list at every oppOriu unity, the bulls maintained
the ascendency, and it was a subject of remark
that the market assumed the same appearance
as il had in 1879, when prices advanced from 80
to 70 per cent. The fact is that the bulls have
been gaining recruits daily, and tile volume of
business is now so large that the attacks of the
bears on some stocks have little effect upon the
general list
The market developed marked strength in
the last hour, and again prices were hfted ma
terlaiy, and finally closed at a shade under the
best prices. but strong and active.
Railroad bonds were again nluderative active
and displayed the Same moderately strong tone
as usual OF Lao. but while there was great ac-
tlvity in the Oregon improvement SIS and the
Atchlson incomes with wide distribution of
the remainder of the business done, there were
lew material changes in quotations, though
they were all in the direction of higher prices
The sales of all issues reached s., ,S2l. 000
The following table shows tine prices OF active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
HITNHH STEPHENSON. oldest Pittsburg MEM
bers of the New York Stock Exchange, 81 Fourth
avenue: