Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-17
FOREIGN BUYING
CROWDED UP PRICES IN THE NEW
YORK MARKET YESTERDAY.
The Bulls Kept Out at First, but Rallied
Later-No More Herring -Hall-Marvin
Safe Company Preferred for sale-News
of the Ilav

The Bulls Kept Out at First, but Rallied
Later-No More Herring Hall Marvin
Safe Company Preferred for sale-News
of the Day.
New YORK, May 16-The stock market to-
day exhibited firmer temper in the main
than during the latter part of last week, but
the Improvement was largely due to the
entrance OF the foreign element into the
market as a buyer. The bears were inclined
to be as aggressive as ever, but the appear
ance of foreign buying orders in the market
not only checked the decline, but rallied the
entire list, including the specially weak
points of the last few days. The
generally accepted opinion is that. owing
have pushed their advantage, things are
ripe for rally of some proportions in the
near future. The undoubted heavy demand
for good railroad mortgages and the prevail
ing and prospective ease in the money mar
ket of the chiefsinancial centers renders
any bear demonstrations unlikely Of success
except of n transient nature, and the eXcep-
tionally high prices to which few special
ties have been pushed have failed to develop
any disposition of their holders to part with
them. The crop ndvices have not been the
most encouraging, but the season is not vet
far enough advanced to base any extended
operations upon them, especially as n few
ence between this and last year.
The market to-day was still narrow, but
yielded only to organized pressure while
the strength of the grangers was most en-
couIaging feature, nearly otfsetting the
weakness in Hooking Valley and Sugar. The
improved condition of affairs in London will
tend to still further strengthen the disposi-
tion of English investors to deal in American
securities. In this connection and particu-
larly as bearing on American industrial
combinations of strong standing comes the
announcement that the Herring Hall Marvin
Safe Company per cent preferred stock has
been Withdrawn from the market where it
has been but q few days, because the Offer
ings were in excess OF the amount of stock
for sale. The lists for the common stock
will close on Thursday next, because of the
already heavy orders.
The bears renewed their attacks after the
London buying was over, and again sue
ceeded in making q marked impression ,
upon Northern Pacific preferred and Hook
ing Valley, but the rest of the market was
well held and later substantial rally oc-
on a higher level md the final changes show
some material gains. The close was quiet,
but steady to firm though generally at in
significant changes for the day.
Railroad bonds were less animated and
showed only slight fluctuations. though
Reading Convertibles are up ~ at 631l. The
transactions reached $1,562, 900 with no
special activity in any portion.
The total sales of stock to-day were 2so, o,772
shares including: Atciison, 5,7S0; Chicago
Gas, II $50: Delaware Lackawanna and West
ern:, 1900; Erie, $500; Hooking Valley,
,2ts5 Louisville Louisville and md Nashville. ses
common, 2,3lo; Northern Pacific preferred,
1885, Reading, 1000; Richmond and West
Point 3,6l4 st. Paul, A,6OO: st. Paul
and Omaha, $3.50; Union Pacific, 24,5s5;
The following table shows the prices of active
ssy oess PtsbaTs BY
the New York Stock Exchange 81 Fourth avenue