Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-28
SHARES STRONG In SPOTS.
INSURANCE COMPANIES SAID TO BE
BUYING LACKAWANNA.
Louisville and Nashville the Only Weak
Point-Grangers to the Front in the
n-Industrials Strong and Quiet

Louisville and Nashville the Only Weak
Point-Grangers to the Front in the
Observation-Disclosures Strong and Quiet
All Day-Bonds Unchanged.
NEW YORK, Jan. 27.-The stock market
again showed considerable strength in spots.
An increased volume of business was trans
acted but the final changes are, with but
few exceptions of no special significance,
and prices are about where they were last
night That there still exists large de-
mand for stocks is without doubt, and while
the real traders are fighting the improve
ment stocks are passing into strong hands.
AS the supply of stocks diminishes the in
stitutions and individuals who are large
lenders of money are the most active buyers
of securities.
The story that two large insurance COM
panies have been large buyers of Lacka-
wanna obtained much credence on the street
to-day, and the demand from smaller in
vestors was again sufficient to cause a rise
in the stock, but it was afterward offered
heavily by a prominent trader, and the re-
sultant decline was accompanied by rumors
of a settlement with the shorts. Manhatta tan
continued its upward movement, fairly
rivaling Lackawanna in the forenoon, and
was followed later by Western Union.
The weak point in the list was Louisville
and Nashville, which reflected the early
selling for foreign account, and it was the
only stock which finally showed material
traded in, and followed Lackawanna at a
distance both up and down, and, like the
latter, closed unchanged from last night.
In the afternoon new buying of pro-
nounced character appeared in the Grangers
and Burlington took the lead in the upward
movement for a time, and it retained the
greater part of the gain at the close. The
buying was largely for Boston houses.
Among the low-priced shares Louisville,
New Albany and Chicago was again very
conspicuous for its activity and strength.
but it stood alone in tins respect, the others
being quiet and traded in within the mar
rowest limits The Industriais were strong
but quiet throughout. a decline of "a per
cent in Richmond and West Point preferred
attracted attention, but portion of it was
regained and the stock, while lower, showed
only fractional loss.
The market opened with heavy pressure
from the foreigners, Al ana a Prices S, were o al
"a per cent, but the demand developed in
the leading shares brought the general list
up without causing any marked movements
outside of the few stocks men toned, and this
strength with unfrequent fluctuations in
temper, lasted until well in the afternoon,
when the early gains were generally wiped
completely out. Realizing was liberal, but
there were the same insignificant ductua-
tions throughout the list.
The market finally closed active and firm
on a rally which brought Lackawanna up l
per cent after it had sold at l45. The final
gains of note comprise only Manhattan,
Louisville, New Albany and Chicago, lL;
Burlington, per cent. Louisville and Nash
vile lost ~.
The total sales of stocks to-day were A.
947 shares including: Atchison, $3.50; Chi
cago Gas 16075; Delaware. Lackawanna and
Western, S40S0: Erie, u,2l0; Louisville and
Nashville, 24.O41; Manhattan, 6, l00 Missouri
Pacific, 5000; Northwestern, $3.50; Northern
Pacific preferred, $685. Pacific Mail, 1850;
st. Paul, 1890; st. Paul and Omaha, 1850;
Union Pacific, 16, 7i5; Western Union, 16 76O.
In railroad bonds none of the active issues
scored any material change, and the fluctua-
tions were strictly on a parity with those in
the share list. The tone was firm through
ont. however and most bonds are slightly
higher than at the last previous sales.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
dav. Corrected daily for THE DISPATCH bv
WHITNEY STEPHENSON. Oldest Pittsburg mem
avenue: