Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-18
JAY GOULD IS BEARISH.
ALL STOCKS IN WHICH HE Is INTER-
ESTED ARE LOWER.
Changers Sluggish, but Hold Up Well in the
Face OF the Discouragins Conditions in
the west-Omaha tho Brightest Feature
-Ronda TIvelv

Changers Sluggish, but Hold Up Well in the
Face OF tho Discouragins Conditions in
the west-Omaha the Brightest Feature
Bonds Lively.
NEW YORK, May 1.-THE stock market to-
day suffered somewhat from sales by Lon
don, which encouraged further sales for the
short account on the part of the local bear
element but as a rule the general list con-
tinued to display a rising tendency and a
few material gains were seen. Union Pacific
and Northern Pacific preferred were the
weak points during the afternoon, but the
latter rallied fully, while the former rose
only a slight fraction. These weak spots
were due en- tirely to manipulation, as there
is nothing in the situation to justify any fur
ther decline in either of them, and the gen.
orally improved outlook for the crops is re-
fiected in the strength displayed by the rest
of the market, though Chicago Gas was
raided down at one time
The movements, therefore, were very
irregular among the leaders, but the conces-
sions, except in the few instances mention
the Richmond and West Point reorganiza-
tion scheme seemed to have no influence on
the market whatever. The improvement in
the Omaha stocks was not responded to by
Northwestern, and the other Changers, as
rule, were rather sluggish. The low-priced
shares were also left without any redeeming
feature to save them from utter stagnation,
other than rather sharp rise in the
Susquehanna and Western stocks.
The opening OF the market was made on q
very moderate volume of business and at
irregular changes from last nights figures,
though declines were in majority. The
few leading stocks monopoliZed all the
interest taken on the dealings, and the
strictly professional character of the market
was never more apparent than today.
stocks by the traders, on the theory that
floods would adversely affect earnings; but
the singular fact that all the material losses
were in the Gould stocks, brought out the
theory that Mi. Gould was in favor of lower
figures, and, so far as the Gould shares had
influence, lower prices were established,
The one bright spot in the market was the
Omaha stocks, which were advanced and
held, though Sugar recovered part of its
late loss The market closed quiet but
rather heavy, after fractional rally in the
last few minutes trading. The trading
reached 226.31 listed and 1852 unlisted
shares.
The total sales of stock to-day were 24I, 1888
shares including: Atchison, 1920; Chicago
Gas, "a $50: Erie. 6, 500; Hooking Valley, 200;
Louisville and Nashville, 465: Missouri Pa
cific, $780, Northwestern, 100; Northern Pa.
ciflc, IT, go; New England. $500; Reading, TO-
500; Richmond and West Point, $500: st.
Paul, $3.50: st. Paul and Omaha, 1855; Union
Pacific, 81 ,0S0.
Railroad bonds were again more animated,
with the usual firm temper and the usual
slight changes in quotations for the active
issues The sales reached 81, ,9l3, 600 of which
SiS6, ,OGO were Atchison incomes, but no other
feature of note was seen.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day Corrected daily for THE DISPATCH 6y WHIT-
NEY & STEPHENSON, Oldest Pittsburg members of
tie New York stock Exchange, 81 Fourth avenue.