Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-01
C0ALERS LEAD AGAIN.
READING ALMOST As DOMINANT AS
IT WAS A WEEK AGO.
Bears the Only Aggressive Force on tho
Stock Exchange-The General, List
Yields In Sympathy With the Leaders

Bears the Only Aggressive Force on tho
Stock Exchange-Tho General. List
Yields In Sympathy With the Leaders
Important Changes in Railroad Bonds,
NEW YORK, April 30-The stock market to-
day presented little feature outside of the
Coal stocks, and Reading again assumed its
old commanding position in the specula-
tion. Those stocks are the only ones, ex-
cept a lew specialties, to show fluctuations
of any width. The market still continues A.
professional one. The bears are the only
aggressive force in the market, and make
from time to time strenuous efforts to get
back some of the stocks sold in the early
part of the week, and to do this direct their
atten tion against two or three stocks to
lower their prices enough to influence the
London market.
The Coal stocks were thus attacked TODAY
and in the midst of promising upward
movement the pressure knocked all of them
of materially. The market opened at higher
prices, and further improvement was made
durln% the early dealings; but Reading was
depressed from 6lA to 59H and Delaware and
Hudson, after selling up from IA to l4s%,
yielded to l45L. The only other specially
weak point was New England, which con-
tinued to decline at odd times without re-
gard to the movements in the rest of the
market.
Minneapolis and St. Louis preferred lost a
part of its late gain Louisville, New Albany
and chicago, which had advanced on report
of large increase in earnings held its own
in the face of the weakness OF the leaders.
The general list yielded slowly; and the
close wasgeneraIly at insignificant changes
from opening fl Lures. The final changes are
small butirregular, but Reading is down N
and Lackawanna per cent.
The total sales of stocks to-day were 1856, 769
shares, including Delaware, Lackawanna
and Western, 5,505: Erie. $500: Northern Pa
cific preferred, 1920: New England. 500:
R-ading 81, $50; st. Paul. 3,O50; Western Union,
2563.
Railroad bonds were quite active The
sales of all issues ran up to s., ,0A 00O out of
which the Atchison incomes furnished
$l59. Geo. The market was firm on the whole,
but the more prominent bonds in few cases
scored material changes Reading convert
ibles rose 2 to 65.
No Fear OF Heavy Gold Shipments.
John M. Oakley s. Co., received the fol-
lowing from Watson & Gibson: "lhe
Financial Chronicle has an interesting ar
ticle on the state of trade and gold ex-
ports. 1t presents the magnificent array of
merchandise export figures for the past five
years. The exports were $50, $50, 900 in March,
1885, 500 900 in 1885, about ST. 500 600 in 1890
SIS OOo, 900 in 1891, and nearly ss2 900 900 this
year.
"This gain has been steady and great, but
there was also great gain in the March i'm
ports, which were $685. 500 co. against ST., 500 900
last year. though, as the Chronicle points out,
this was due to the exceptional increase in
coffee imports. which we're $l2, 000, 600 larger
than March, 1891. in consequence of specula-
ton and the proclamation of the President,
which imposed duty of cents per pound
on all Venezuela and Colombia coffee
shipped after March l5 The conclusion Of
the article is there is no promise of large
gold exports.
"The bank statement was more favorable
than generally expected but as of late
things go by contraries and therefore the |
market weakened on it. The statement
showed q "ain of over $500, 900 in reserves and |
nearly 81. 600, 900 in actual money. or cou' Sc |
the heavy gold shipments bv to-day's steam |
ers will not show till next week, but as |
money is coming this way from the interior |
some of the loss will be offset. |
"The buying of Lead stocks was good and |
the preferred is particularly cheap as an in |
vestment. Though the market closed |
still favor purchases on all reac- |
tions. believing that the long side is the |
safer of the two sides of the market"
The Finish in Stocks.
The following table shows the prices OF active |
stocks on the New York Stock Exchange yesterday
Corrected daily for THE DISPATCH by WHITNEY |
Oldest Pittsburg members of the |
New York Stock Exchange 81 Fourth avenue.