Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-29
BIG CHANGES ALL LOSSES,
BUT NEARLY ALL OTHER STOCKS ARE
UP A LITTLE PEG.
Louisville and Nashville and All the Coalers
Are Decidedly Weak-Reading an Ex-
ception-Rock Island Quite Active
Cararol FSoDd Tist Onfet

Louisville and Nashville and All the Coalers
Are Decidedly Weak-Reading an Ex-
ception-Rock Island Quite Active
General Bond List Quiet
New York, March 2s.-The stock market
to-day was again a limited one. the uncer-
tainty over the silver question, the signing
of the Reading bill by the Governor of New
Jersey and the shrinkage of loans by the
New York banks all tending to restrict oper.
ations, and especially for the long account.
The buying throughout the day was of a
scattering order, while there was evidences
Of renewed activity on the part of a leading
bear operator. This was especially notable
in the early dealings, when the pressure of
short stocks for sale carried prices down
over per cent. While the covering of shorts
at the decline was sufficient to cause full
rally, the resistance was so unexpected that
only in a few shares was there any further
animation manifested during the rest of the
day.
The arbitrage houses were not q factor in
the market, but the selling of Louisville an d
Nashville was heavy, and, as usual, was
made to appear as liquidation of European
accounts. Its movements. however, were
too spasmodic to have any other than q
speculative origin, and the same held true
Of those of all the leading active stocks. The
recent transactions in the sugar trade SEEM
ingly have had their full effect upon the
stocks of the American Refining Company,
and evidences that the leaders deprecate
any movement in those stocks at present
are not wanting. The official denials of any
trouble or disaffection among the Reor-
ganiZation Committee of the Richmond and
West Point had some influence on the pre-
ferred stock and the bonds to-day, but the
common stock was still inclined to wea kness
until we'll into the day, when it rallied.
Northern Pacific was comparatively quiet
against it seems to have reached its limit
The only other stock showing any material
life to-day was Rock Island. which gave evil
dence of the special attention from the bears
In the forenoon, and the Coalers, which
were all materially depressed in the after
noon, Reading being the one exception.
The general market opened at insignifi-
can't changes from Saturdays prices, but
the weakness of the leaders resulted in some
small fractional losses throughout the list.
These were afterward recovered in the gen.
eral rally, and from that time dullness
marked the dealings and fluctuations were
without interest. though the late rise car
ried most of the list beyond last nights
figures. The transactions in St. Paul were
insignificant. The selling of Louisville and
Nashville was the one feature of the alter
noon's dealings, other than the weakness in
the Coal stocks, and 1t steadily declined in
the face of the strength manifested by the
rest OF the list.
The market closed quiet and firm, with
most stocks at or near the best prices OF the
day. but only slightly better than first
prices. The important changes, however,
were almost all in the direction of lower
prices. and Louisville and Nashville is down
iA, Jersey Central ~, Delaware and Hud-
son IN and Distillers' l per cent, while
Northern Pacific preferred is up ~
The total sales of stocks to-day were 305, :
093 shares, including: Atchison, 5000; Chi
cago Gas, $500; Delaware, Lackawanna and
Western, 100: Erie. 4,165: Lake Shore, 463O
Missouri Pacific, 3,l0O; Northwestern, ITS;
Northern Pacific preferred, 42, ,675; New Eng.
land, 1;,17O Reading, 37,730; Richmond and
West Point, 17.0O0 Union Pacific, 400.
Railway bonds were, as usual, quiet for the
general list, but the heavy trading in the
Richmond and West Point bouds swelled the
total to 50, l5l, 900, of which 1854 900 was in
Richmond and West Point s.. The general
list showed more animation than usual of
late, however, and the number of issues
traded in show all increase, without material
change in quotations.
The following table shows the prices of active
stocks on the New York Stock Exchange yesterday.
Corrected daily fof THE DISPATCH by WHITNEY &
STEPHENSON, Oldest Pittshurg members of the New
York Stock Exchange. 81 Fourth avenue.