Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-17
SPECTATORS WAITING
TO SEE WHAT WILL BE DONE AGAINST
THE NEW COMBINES.
The Bulk of the Opinion Is That the
Reading Is soid-S.ow Movements in
Southern Coal Stocks-NortLwestern


! Inc buik OF the OpAnlOn IS mat tn<
Reading Is soIid-S!ow Movements in
Southern Coal stocks-NortLwester1
Bought on Its Increased Earnings.
NEW YORK, March 16.-Operators, includ
ing even the room traders, were to-day
awaiting developments, and especially Of
regards the Sugar combination and the
action of the Pennsylvania authorities In
tine matter of the Coal combination. The
street is inclined to play the probability Of
the bill in the New Jersey Legislature Sc
curing the signature of the Governor
against the possibility that the Pennsyl
vania may be able to find some flaw IN the
agreement, and Reading displayed strong
temper throughout the session, while reali.
cations on the late advance and the execu.
tion OF stop orders gave Sugar weak as
pect. There was squirt in prices, caused by
the execution OF some buying orders in
Atchison for speculative account, but the
general list during the greater part of the
day remained without feature of any kind.
The new Developments in both Richmond
and West Point and Tennessee Coal were
productive of no further movements in
either of the stocks; but a demonstration
against the bonds of the first named was fol-
lowed by an immediate, recovery, and in
Tennessee Coal a steady dribbling of stocks
to market to realize on the late advance
kept the stock dropping throughout most of
the session. There was also some buying of
NOfCnWeStefn, which was Su1nc1enG TO aQ-
vance its quotations per cent, supposed to
be based on the earnings of the company;
but the inactive stocks were unusually bar
rem of interest, and the limited animation
shown in Southern and East Tennessee Sec
onds resulted in no movement in their
prices. Reading was advanced i'll the fore
noon, but its activity dwindled to, ordinary
proportions after that, ana no further
change of note occurred in the stock.
The opening of the market was made on
generally lower quotations. but the strength
of Reading rallied the entire market, and a
small fractional gain became the rule, de-
spite the weakness in Sugar. Tie move
ment in Atchison toward II o'clock further
advanced the list, but here all motion in the
market ceased, the subsequent trading be-
ing done within the narrOwest limits, and it
was not until just at the close, when the
the list off shade, that there was any ac-
tivity. The market closed, however, dull
and steady to firm, generally at small frac-
tional advances for the day. There was no
material change in any of the active shares,
but the majority OF the list IS slightly higher
than last evening.
the total sales of stocks to-day were 205-
763 shares, including Atchison, % .235; Erie,
8, go; Northwestern, $685. Reading, A,500
Richmond and West Point, 10, $40; st. Paul,
QUO; Western Union, 800.
Railroad bonds were still quiet, with Rich
mond and West Point 5s and the Reading
incomes monopolizing all the animation in
the market. The first named bonds fur
nished to-day S517, ,00O, and the Reading thirds
Sill OcO out of u total OF 81, ,53S GOO. The Rich
ever, and closed higher, but other changes
were generally insignificant:
The following table shows the prices of active
NEY & STEPHENSON. oldest Pittsburg members of
the New York stock Exchange. 81 Fourth avenue.