Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-02
NEW ENGLAND RULES.
vANDERBILTS FOLLOW CLOSELY AND
LEAD IN STRENGTH.
Michigan Central Leaps From Oblivion to
the Strongest ON the List, Gaining 8
Per Cent-The Movement in New Eng

Michigan Central Leaps From Oblivion to
tho Strongest on the List, Gaining 8
Per Cent-The Movement in New Eng
land Rather Mysterious.
NEW YORK. March 1.-The stock market
failed to display either the animation or the
strength to-day of yesterday, and while re-
alizationS were heavy in the stocks which
have had the greatest advance, there was no
lack of short sales to give the downward
movement character and impetus.
The leading feature of the market to-day
was New England. As usual, its movements
are not accounted for by any published
change either in its management, its finances
or its prospects. though there were no lack
of rumors afloat looking to that end. Its ad-
vance over Its last price yesterday was very
Substan tial, and most OF the Improvement
was retained at the close.
The only other feature in the market
worthy OF note was the increased animation
and strength in the Vanderbilt stocks in the
afternoon, and rumor still connects the man.
agement OF these properties with the sup
posed new deal with the Delaware and Hud-
son, despite the repeated and official de-
mails. The most pronounced movement in
them, however, was in Michigan Central,
which emerged for the time being from the
most utter oblivion to lead the list in
strength, rising per cent to 10y, followed
later by Lake Shore, which was forced up to
127A OH a larger business than has been seen
were the weak points, and the reactions
from the high figures attained yesterday
were heavy, but not by any means to be
compared with their late gains
The general list opened at insignificant
changes from last nights prices, but de-
veloped a weak temper, which gave way to
a fractional advance under the influence of
the strength in New England; but later
there was q general decline, and prices re-
mained for the rest of the day below the
level of first figures. The strength in the
Vanderbilts seemed to have no influence
upon the rest of the list in the afternoon.
and the market finally closed quiet and
heavy at fractional losses for the day. Jersey
Central is down ], and Lackawanna ~, but
Delaware and Hudson, after some wide huctu-
attons, closed unchanged, and Reading WAS
traded in within narrow limits throughout
the day. On the other hand, New England
is up i; Lake Shore, ~, and Michigan Cen
tral, per cent
The total sales of stocks to-day were 329-
259 shares, including Atchisou, $3.50; Chi
cago Gas, $500; Delaware, Lackawanna and
Western, 1855; Delaware and Hudson, II, ,555;
Erie, l0,475 Lake Shore, Il, Isl: Louisville and
Nashville. 1885, Michigan Central, 1850: New
100: Northern Pacific, preferred, A4s0;
New England, 1885, Reading, $3.50; st.
Paul, H,S76; Union Pacific, 3,329: Western
Union, !, ,4S5; Canada Southern, 1886.
Railroad bonds were quiet and there were
an unusually small number of issues traded
in while fluctuations were insignificant in
all cases; and while there was considerable
animation in the Reading and Richmond and
West Points, none of them scored q material
change.
The following table shows the prices of active
stocks on the New York Stock Exchange yesterday.
STEPHENSON, oldest Pittsburg members of the
New York Stock Exchange, 81 Fourth avenue: