Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-14
EVRNING-UP DAY.
THE CLOSE OF A vERYH EvENTFUL
WEEK IN WALL STREET,

Coal Stocks Expected to Settle Down to
Their Normal Gait This week-Wheel-
ing Continues Its Reactionary Decline,
but Afterward Receivers Sharply-Sus-
quehsnna's Boom.
| NEW YORK, Feb. l3.-The stock market to-
| day was nothing moro than the final even
| tng-up of very active and eventful week.
| and while the local stocks still furnished
rather more than their quota of transactions
and the preponderance OF Reading was even
greater than for the last few days, the mar
ket was steadier and the changes in every
thing but few stocks insignificant. The
feeling now is that the Coal stocks will
settle down to q basis where the dealings in
them will be much lighter than during the
week now ending.
The general market opened firm at small
advances over last nights figures, as n rule,
but Reading was down l per cent, at 5s11S;
Lackawanna, 1H at 1885,, and Jersey Central,
81 at l3315. The last two rallied sharply,
hut Reading was further forced off to 57l4.
This ended the decline, however, and 1t raj
lied to SO, and after very large transactions,
closed steady. Jersey Central recovered its
loss and closed unchanged, but Lackawanna,
after a full recovery, sagged away again and
Among the rest of the list, New England
and Union Pacific developed marked
foreign buying: but New England finally lost
all of its Improvement. In the inactive
shares Iowa Central continued its rapid rise
on ruuIors of a dividend, but closed at
material concession from its best figures
The Susquehanna and Western stocks had
little boom, and the preferred rose per
cent; but outside of these stocks the rest of
the market displayed no feature and f1uct-
uated within narrow times throughout the
session.
The market finally closed active and firm
generally at slight and irregular changes
from last nights figures. Union Pacific,
however, is up 1sss; Iowa Central preferred,
~, and Susquenannn and Western pre-
ferred, 80 per cent The loss include Lack
awanna and Reading export, III per cent.
The total sales of stocks to-day were 43l-
e37 shares, including: Atchison, 2l00: Chi
ca2o Gas. $3.50; Delaware, Lackawanna and
Western, q, ,352: Delaware and Hudson, 2744:
Erie, %, 1855; Louisville and Nashville, 3,525;
New Jersey Central, $3.50; Northern Pacific
preferred, 3,050 New England 23,0S9: Read
ing, 72lo; Richmond and West Point A.
In the railrood bond market the Reading
issues still furnished about one-half the bust
ness, and, while they fiuctuated with less
force than usual of late ana finally closed at
insignificant changes, the rest of the mar
ket failed to develop any feature of note,
and prices at the close are about last nights
figures. The total transactions were 50, $780,
600. out OF which the Readings contributed
$l,550,00O. There were a few material
changes.
The Pennsylvania Kicks.
John NJ. Oakley s Co., received the follow
ing: "To-day's stock market was affected
by an interview published in this mornings
papers, with one of the directors of the
Pennsylvania road, in which he predicts the
State of Pennsylvania will successfully in
terfere to prevent the final consummation
of the Reading consolidation. Doubt is al
ways prejudicial to, confidence and the
fresh doubt as to the legality Of Readings
coup excited selling by timid people Law
is so tremendously uncertain that when any
question gets into the courts no ono can
safely devine the result.
"That the Reading officials have taken the
highest legal action goes without saying,
and that the consolidation will benefit the
coal producers and coal carriers may be ac-
ceptod as fact. Erie ought to share hand
soinely, as it received IS per cent OF the in
creased price of the coal that 1T delivers in
New York, and its net profits should gain
quite largely from the new combination.
The general market is sensitive and nerv-
less. The market next week will be nervous
and irregular. and if it shows any special
buoyancy we fancy it may be a sale"
Watch Gold Exports.
Henay Clews & Co. say, "The only menace
at the moment is the probability of gold ex-
ports, the possibilities of which operators
must watch closely, as in the event of a few
millions being taken from the Sub-Treasury
for shipment, it would seriously check the
prevailing bull spirit"
The Close in stocka
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
bers of the New York Stock Exchange, 81 Fourth
avenue.