Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-11
NEW YORK STOCKS.
The Harmonious Conference Of Railroad
Presidents ID the Leading Factor In
the Situation-Coa1 shares Slug
eish, but Others Full of Life.

the Situation-Coal shares Slug
gish, but Others Full of Life.
NEW YORK, Jan. 1o-The complete harmony
existing in the conference Of railroad managers
now in session in this city has proved to be the
greatest stimulating influence upon the stock
market which we have had for months. To-day
It turned the temper of the foreign operators
from bear to bull, while the confidence
displayed by domestic operators OF
all descriptions has been the most
prominent for several days. The offerings Of
stocks are becoming lighter from day to day,
owing to the general revival of confidence In
the future Of the railroads in this country. and
there Ia now in the street general feeling that
during the next go days there viii be COM
plete recovery from the recent depression.
To-day another largo increase in the banK re.
to above sl3, ,000, 900, figure which it has seen
only once for the past six modJhs, and that was
when the heavy disbursements were made BY
the Treasury last ran; Inc dsh I'm IN
first sales, and everything was higher. while an
extraordinarily active business was transacted,
with the result of scoring further advances over
the whole list. -.
The only sluggish stocks were the coalers
which have all had such marked advances in
the past week. The sky-rocket advance In
announcement that the order appointing the
receivers had been vacated, and the property
was to be turned over to the trustees VINO viii
go on With the plan Of reorganization. The
stock rose from 68h to 7l1a. and closed at 706.
The Wizards were a strong point in the market;
the Grangers were all prominent, but the
Gould stocks were sluggish.
The extreme activity of the first few min.
utes did not last. but the strength was never
Stacked OF. and prices steadily mounted till tha
close though there were few specially vide
fuctuations outside Of sugar. The g.ins OF
Pacific, 1% each; Louisville and Nashville, ~;
Colorado Coal, "; Burlington and Quincy, pa
and Atchison. l per cent
Railroad bonds also continued to show the
great activity Of the past few days, and the
business of the two hours amounted to 81, 49,
the dealings, and Atchison incomes contributed
sl58 000 the Texas Pacific incomes Sl25, 600 and
the Iron Mountain 5s s105. 900 to the grand total
The strength of the market continued unim.
paired, and among the numerous advances may
be mentioned Toledo, st. Louis and Kansas
City lists, ~ to 30; Louisville, st. Louis and
Texas lists, q to 81; st. Paul. Mineral Point, ~
to 99A.
The exports of specie for the port Of New
York last week amounted to S324628, of which
s134, ,g7e was in gold and .s1s9 S49 in silver The
imports Of specie for the week amounted to
The Post says: This morning for the first
time this year the early London prices showed
a marked advance over the closing figures here
last night, and for the first time London was
an active buyer, especially of st. Paul, Louis
vile, Union Pacific and even Atchison and the
Atchison incomes.
The following table shows the prices Of active
stocks on the New York Stock Exchan &c yester-
day. Corrected daily for THE DISPATCH By
bers Of the New York Stock Exchange, 81 Fourth
avenue: