Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-20
COALERS COME UP AGAIN.
A RUMoR OF SOME NEW ARRANGE
MENT WITH THE COXES.

The Expected Gold Shipments Begin,
Holding the General Stock Market in
Check-Bucket Shop Tactics liz London
Hold Stocks Down at That Center.
NEW YORK. Feb. 19.-The stock market pre-.
sented a strong front this morning with a
diminishing volume of business in every
thing but the Goal stocks; but later in the day
the taking of $500 600 gold for export induced
free realiZations and some hammering by
the professionals, with the effect of materi-
ally reducing quotations The new aniIna-
tion in the Coal stock was stimulated by a
rumor that Reading had made some new ar
rangement with Coke Bros; but the bidding
up of the stock by brokers supposed to be
identified with the syndicate which brought
about tho combination, started a lively run
to cover on the part of the shorts. There
were the same tactics pursued in the other
Coalers, and advances in those shares, ex-
tending to "a per cent, were made.
The general list was weak in the early
dealings in sympathy with the London fig
ureS induced by the liquidation for tile ac-
count of noted "bucket shop" keeper there
and which caused some pressure to sell here
for foreign account Western Union, Lake
Erie and Western stocks, Tennessee Coal
and some other specalties were remarka bly,
strong, and the whole list followed toward
noon. There was q further advance i'll Chi
cago Gas, and later in the day Sugar rose
over per cent. The market, however, pre-
sented few features of interest outside of the
trading in the Coalers, and the export OF
gold checked the rising tendency toward
noon, after which there Was free realizing,
though the volume of business was not large
until just before the close when the pressure
to sell became more urgent.
There was undoubtedly an increase in the
short interest from the days operations,
though the approach of the double holiday
had some. influence in the liquidation of
long accounts. The selling for the short ac-
count was most marked in the late trad
ing, and sudden drops i'll Lackawanna, Chi
cago Gas and Tennessee Coal gave the mar
ket weaker appearance than it really
possessed. The close was weak at the low
est points. The whole list is lower this
evening, but losses are generally for small
fractions, while st. Paul is off ~; Union
Pacific, New England and Rock Island each
y per cent; Atchison and the Northern Pa
cIfic stocks each l per cent. Sugar rose
and Lake Erie and Western |.
The total sales of stock to-day were 466, 952
shares, including Atchison, 1880; Chicago
and Nashville, $500; New Jersey
Central, 5,5S3; Northern Pacific preferred,
977O: New England, H72O: Reading, 161 go;
Richmond and West Point, Os3: St. Paul,
25, Us; st. Paul and Omaha, 3 200: Union Pa
citic, 9.2l3: Western Union, 1885.
Railroad bonds were still less animated
than for some time, and the liquidation in
the stock list extended to this class of Sc
curities in the afternoon, many of the lead
ing issues showing a decline for the day.
The Readings again came to the front and
displayed tirmnesS- Savannah and West
ern lists were again very active, and after
rise to So settled back TO S213. The total
transactions reached 2,674 COO, and the Read
ing thirds furnished 81 030.
The following table shows the prices of active
stocks the New York Stock Exchange yesterday.
Corrected daily for THE DISPATCH by WHITNEY u
STEPHENSON, oldest Pittsburg members of the
New YORK Stock Exchange 81 Fourth avenuef