Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-12
LONDON BUYING
STIMULATED THE NEW YORK sTOCI
Markets YESTERDAY.
1t Was Because ofTo-day's Quarterly Settle
ment-A Slight FURRY in Reading
New England's Decline Continues-Rail-

ment-A Slight FURRY in Reading
New Ensland's Decline Continues-Rail-
road and Governms snt Bonds.
NEW YORK, April 1.-THE stock market
to-day displayed in the main a firm temper
on a very moderate volume of busin ness,
and while there were two or three specific
points firmness extended to the whole list.
The late decline was continued. The press
ure upon the coalers abated for the time be-
ing. There was furry in Reading, which
was one of the early weak points, but no
marked change occurred in it or its kindred
securities. The foreign purchasers of st.
Paul. Union Pacific, Erie, Louisville and
Nashville and few others made the temper
OF the market during the early morning
when all of the Improvements was made,
but the demand was limited, and, with
the closing of the London market, there was n
material decrease in the amount of business
done. and except in the coal stocks a per-
ceptible falling off in the strength of the
dealings. After New England. Manhattan
was one of the most conspicuous weak
points in the list, but in view of Its late
material improvement such should not be
unexpected. In this stock II further ad-
vance of "a per cent was followed by loss
of Nc when all interest i'll its movements
ceased, and it remained pra acticalIy stagpant
with the maj jority of the list
The increased deposits of the Richmond
and West Point securities served to enhance
the value Of the preferred stock, and it rose
from 81 to 90. but the common was no more
than steadily held, exhibiting no feature
whatever. The 1ndustrials were compare
lively neglected, with the exception of
active, scoring a marked improv ement for
the day. The entire list was higher at the
opening, on the London demand, and con-
tinued to improve slowly as long as the buy
ing lasted, but later, under the influence of
the bearish operations, fell away partially.
The late strength in the Coalers, however,
gave n firm temper to the trading in the
whole list. and the market finally closed
over first prices. There were a number of
material advances, and Cordage rose 2,
Union Pacific ~ and Delaware and Hudson.
New York Central and Western Uuion each
per cent while Lackawanna, Lake Shore
Reading and some others rose large frac-
tfons.
most o. the session. and the total transac-
tions reached $2,00J, ,OO0 out o. which At
Gibson incomes furnished $267, ,000. The
movements in the list however, were in all
cases insignificant, and prices are not ma
terially changed from those of last week.
Government bonds have been dull and
steady. State bonds have been entirely
neglected.
The Post says: At the start to-day the
course of prices was determined by London
buying, in anticipation of to-morrow's fort
night settlement The origin of these pur-
chases on our market was presumably Lon
don's own covering for the short account.
The foreign buying centered on st. Paul,
Louisville and Northern Pacific preferred,
which have in turn been under the hammer
in London during the last month: the first
on the pairing of its April dividend, the
others on the discouragement as to their
particular prospects, SO prevalent of late
both in London and here. The foreign pur-
chases stimulated some professional buying
here, and the result was q very general dem
onstlation of strength. The dividend pay
ing stocks were in the lead as usual.
The following table shows the price of active
stocks on the New York Stock Exchange Yesterday.
Corrected daily for THE DISPATCH by WHITNEY &
STEPHENSON, Oldest Pittsburg members of the
New York Stock Exchange, 81 Fourth avenue.