Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-24
INDUSTRIALS LEADING,
WHILE TIE BIG GRANGERs AGAIN
TAKE A BACK SEAT,

Cordags and Chicago Gas Especially Prom
inent-su.ar Bought Very Cautiously
New England and Lake Shore Open
stron.-Eealizations Depress tho Gen.
/ eraI List.
| NEW YORK March 23-The trading in the
| stock market to- day lost none of its profess
| sional character, and the market continued
as narrow as usual or late, the monetary
prominence of the Grangers and some others
completely supsiding. The Industrials be-
came once more the leading features of the
dealings, and the usual result OF restriction
of trading in the railway list followed. Read
ing, Lake Shore and New England were the
only ones which held their own against the
leaders, but their relative Importance in the
market diminished as the day
wore along. Sugar was bought in
a cautious manner, and the i'm
influence upon the other Industrials was
most pronounced, especially on the Cordage
stocks and Chicago Gas.
New England and Lake Shore were con.
spicuous Tor their early strength, while the
Coal stocks were inclined to droop, but their
positions were afterward reversed and q
sharp rea ction in Lake Shore was followed
by a complete recovery in Reading, after
which the dealings in the last-named be-
came small as those of the rest of the list.
RealiZations checked the advance III both
were again inclined to take the short side Of
the market dropping tendency was given
to the whole list i'll the early operati tions,
though the fluctuations were insignificant
except in the few trading stocks.
The strength of tine 1ndustrialS had some
effect to rally the general list toward noon,
but the persistent realizations in Reading,
Lake Shore, and later in Norther Pacific pre-
ferred. which became the weak feature for q
time, induced further putting out OF short
contracts by the traders, and the afternoon
md
bears upon the entire list. depressing stocks
whic: had recently had the most marked ad-
vances. ard Lake Shore fell away ~ per cent,
Northern Pacific preferred, ~, and others
smaller amounts, while even Sugar lost all
of its early advance, retiring again below
par.
TVere was no change in the temper of the
market in the last hour, and the pressure
was maintained right up to the last sale, the
market closing active and weak at the low
est prices of the day. The only advances
up sss; the preferred, IL, and Chicago Gas,
" While Northern Pacific preferred lost
2A; Lake Shore, 2; Jersey Central, ~: Miss
ouri Pacific, Ns, and Michigan Central, per
cent
The total sales of stocks to-day were 27s,-
425 shares, including: AtchisoE: $500; Chi.
cago Gas, IA, $3.50; Lake Shore, g. 40; Missouri
Pacific, $3.50: do preferred, Ss 2O7; New Eng
land 2I379; Reading, A.405; st. Paul, 23,OO0;
Union Pacific, 4.257: Western Union, 4,94a
Railway DOnuS were QuleG TO uull through
out tho session, and the fluctuations were
or steadily diminishing scale, the only
movement among the active shares being
in Richmond and West Point IS, which are
down per cent tonight at 93. The to;al
transactions were only sl,OS7 900, with no
special animation anywhere in the list and
no features of interest in the trading, even
among the more prominent issues.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by WHIT |
NEY & STEPHENSON. oldest Pittsburg members Of
the New York Stock Exchange. 81 Fourth avenue.