Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-16
STOCKS STILL BUOYANT.
THE EXCITEMENT sUBsIDING, BUTTH
MARKET STRONG,
Reading Goes Up Again on the Report That
Pennsylvania Won't Interfere With
tho Coal Dcal-Other Shares Receiving


Pennsylvanis Won't Interfere With
tho Coal Dcal-Other Shares Receiving
More Attention-DistIlIers'D Down.
NEW YORK, Feb. 15.-The stock market to-
day, while not showing the immense volume
of business which marked the trading last
week, was still unusually active and pre-
sented a strong front almost throughout the
entire session, placing most of the stocks
traded in on a materially higher plane than
last week. The interest in the market has
been more general to-day, and some of the
largest banking houses on the street were
buyers of stocks to large extent, their
purchases being for the most part in
shares which have for some time been
quiet. The fact is that the uneasiness over
the coal deal has subsidized, owing to the way
in which the Coal stocks have had their adj
yances, and because the facts are now better
understood by the public. The report this
morning that the Pennsylvania State officers
had refused to interfere with the new leases
caused a great rush to buy Reading in the
early dealings this morning, and for time
quite an excitement was seen in the stock
Later in the day this sensation subsidized and
buyers turned their attention to other parts
of the list. Reading, for the first time in
over a week, showed only moderate volume
OF business.
The opening this morning was stimulated
by some buying for foreign account, and
while the Coalers still led the general list
ings. Reading and Jersey Central rose over
per cent, but afterwards reacted on what
appeared to be manipulation. The strength
of the general list was in no way impaired
though progress during the forenoon was
slow; but when the excitement in Reading
died away Union Pacific, st. Paul, Atchison
and Richmond and West Point Terminal
came to the front, and all made substantial
gains, with Atchison leading. The earnings
reported on the last named road for the first
week in February did much to stimulate the
lNr,%4 81,
were not far in the rear. Among the low
priced shares the Susquehanha and Western
were again specially strong, and the pre-
ferred made a large advance.
There was only one point in the market,
Distillers' yielding steadily in the face Of the
advancing market, though it was kent COM
pany for time by Iowa Central preferred,
which dropped some OF its handsome ad-
vance. Chicago Gas and Corda2e were both
active an d strong, but the other Industrials
were quiet and neglected throughont the
day.
In the late trading there was renewed buy
ing and the shorts took hand in aiding the
upward movement, the market closing very
active and strong al about the top figures OF
tral, ~: Union Pacific, 215; ST. Paul, 25s;
Atchison and Reading, eacn. 21s; Canada
Southern, E4 Cordage, lss; c. c. c. and ST.
Louis lss, and others smaller amounts while
Distillers' is down 2L.
The total sales OF stock to-day were GA, 400
shares, including Atchison, 1880; CANADA
ware, Lackawanna and Western, u,oOo;
Erie Is 200; Louisville ana Nashville, IL, go;
Missouri Pacific, 5.400; Northwestern, $3.50;
tral, $500: Northern Pacific preferred 2S, 100;
New England, Is, 500; Reading 2l2,570; Rich
mond and West Point, 20, 100: St. Paul, 36, 100;
St Paul and Omaha, 300, Union Pacific, 43,-
400: Western Union, 1885,
hallway bonds were only fairly active out
side of tho Reading, but there was a strong
temper, and everything is higher this even.