Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-14
THE BEARS ARE LIVELY.
IN ONLY A FEW OF THE
RAIDED STOCKS.

No Real Weak Points, Though Northern
Pacific and Union Pacific Suffer Attacks
New Life In Richmond and West Point
Railroad Bonds Active.
New DIRK, May lS-The stock market to-
day was again slightly more active, especi-
ally during the forenoon, but the increased
amount of business had its origin entirely
in the operations of the bears, who manipu-
lated n few stocks with a view to the re-
purchase of stocks put out some time ago.
The market was in no way wider than for
some time past, and the animation was all
in a half-dozen stocks. When these move
ments came to an end, the whole market
subsidized into the prevailing dullness
There were to-day no real weak points,
though al first the pressure upon Northern
Pacific preferred, Sugar and Union Paclhc
led to Il general recession after an irregular
opening. The depression was short ana the
advance of the strong. specialties soon be-
came the only feature of the dealings. Be-
sides the ones mentioned Cordage and some
of the low priced unlisted stocks made most
substantial gains on increased business. but
a rule the railroad list was quiet and was
traded within narrow limits, with the few
exceptions noted.
Northern Pacific preferred was sold down
on rumors about the passing OF the div1-
dend while Manhattan rose on the assertion
that influential capitalists were bidding l4O
for it. The weakest feature of the day was
Union Pacific, which late in the day, after
the covering had failed to stimulate new
buying for the long account, was made the
special object of the bear attacks, which
were renewed with some vim, and 1t retired
rapidly, scoring the most important loss of
the day.
There was more animation in Richmond
and West Point, but 1t moved within eX-
tremely narrow limits, and Its animation
was the only remarkable thing about 1t. The
Coal stocks were comparatively quiet, and
Reading was again displaced as leader in
point of activity, while Delaware and Hud-
son showed considerable strength. The rest
of the list were without feature, and the
market, under the pressure, closed fairly ac-
tive and weak generally.at the lowest points
of the day. The final changes show consider
able irregularity, and while Sugar, Lake
Shore, Wheeling and Lake Erie are each
down l per cent, and Union Pacific 2, Man
haitian is up IL, and DELAY ware and Hudson l.
The total sales of stocks to-day were 3l5,2T
shares, including AtcGison, a, $50; Chicago
Gas, s. 200; Delaware. Lackawanna and West
ern, $3.50; Erie, 500; Hooking Valley, 26, 740;
Manhattan, !2.335; Northern Pacific, 3.3l5.
Northern Pacific preferred. 80, 525: New Eng
land, zoos: Reading, LAO; Richmond and /
West Point receints, A, $780, st. Paul, 13 400;
Union Pacific, 2s.O9l; Western Union, TO- ,S24.
Railroad bonds are still active and dis
strength was seen in a few of the inactive
issues. Detroit, Mackinac and Marquette
land grants rose 8 to 80, after selling a. 40.
The other changes were generally sltght,and
while the total sales were ST ,953, ,0G0 Atchison
incomes sold S266 600.
The following table shows the prices of active
stocks the New York Stock Exchange yester-
NEY & STEPHENSON .soldest Pittsburg members of
the New York Stock Exchange, 81 Fourth avenue.