Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-17
COALERS ON THE JUMP.
READINGS FURNISH OVER BALF THE
BUSINESS IN STOCKS.

Tho Safe Elements Also Make . Lively
Bond Market-The General List Fluo-
tuate Narrowly-Industrials and New
England Are the Weak Points.
NEW YORK, April 16-The stock market
was comparatively active and strong, though
the activity was principally in the Coal
stocks and the strength confined to those
shares and few specialties. all of which
scored substantial gains for the day, while
the rest OF the list fuctuated within narrow
limits and the trading possessed little sig
nifcance. Richmond and West Point Sc.
curities were very strong throughout the
session. Large buying orders in Reading
from Philadelphia were executed, and the
dealings in that stock foot up more than
half of the business done: but, notwithstand-
ing this fact, the whole list was given char
acter by the trading in these few securities,
and declines are raritv this evening.
The weak points in the market we're the
Industrials. especially Sugar and New Eng
land, but neither of these were held down
for any time. and the final losses are insig-
nificant. The opening of the market was
made on moderate volume of business at
small fractional gains over Thursdays final
figures, as q rule, which was followed by
Reading moved up from 591a to 61L. closing
at the top figure, while Jersey Central,
which sold ex-dividend, nearly recovered
the dividend and closed at close to the best
price. -.
Among the other stocks which showed
marked strength were the Hooking Valley
shares. Tennessee Coal and some others. but
the list, as rule displayed little movement
active and firm to strong at the best prices
of the day. The final gains of note include
Reading, l7s: Tennessee Coal; lss; Hooking
Kaiiroad bonds, owing to the extreme ami
nation in the Reading bonds and the Rich
mond and West Point issues. which between
them contributed about half the entire busi-
ness, were again quite active, the total sales
bein1 s1.l70000, tile Readin" thirds furnish
ing $e64 900. the seconds $l3O, 900. and the de-
ferreds sl75, 600. All of these were strong,
temper, the only important changes are
comprised in the issues noted. Reading
thirds are M III, at 81; the convertibles, Q
per cent, to 63: and the Richmond and West
Point IS, ~ to COZ.
Interesting Statistics.
John NJ. Oakley & Co., received the follow
ing interesting budget from Watson & Glib
son: "The stock market to-day bore out all
our favorable expectations, Reading in par
ticular showing much buoyancy under large
transactions. The outlook for next week is
favorable in the extreme, and we look for
activity and strength. London will be
closed Monday, but English traders have
cable at their command and they are nib
bling more now than for two years. We be-
lieve that the first signs of returning conf
dence in London will be in American stocks
No other securities approach ours in at
tractiveness, and We assume that specula-
tion there will revive and that we shall thus
feel the stimulating effects. OF course a time
will come to sell the market to catch inevi-
ia BILE reactions, but we do not believe that
moment has yet arrived.
"Our resources e1tort the admiration of
foreigners the more they contemplate them.
The Pennsylvania Road, for example, ac-
cording to their own statement, has an
annual freight business greater than the
Great Britain. Our inland commerce is inn
mense and increasing. A few years ago the
increase in railway mileage often excelled
the increase in commerce, but of late Onr
railway system has been relatively station
ary, while business has been expanding.
"Papers just read before the Royal StatiS-
ticaI Society of London, OF which one of our
of arabic to pasture lands in England which
90 years ago were as three to two, are now
about equal. the pasture lands having in
creased. British .agrioulture has suffered
serious depression since 1879, and these
papers show from records OF the leases. OF
Iarm holdings owned by Oriel College, Ok
ford, and Guys Hospital, London, having lost
that period. Meanwhile, our agricultural in
terests have been growing and overshadow-
ing all other countries in prolific yield.
1--WE con ntinue to advise purchases of Lead
and Chicago Gas. The Vanderbilts were
strong again to-day, aud we expect to see
Lake Shore sell at $50 this summer"
The Finish in Stocks.
The following table shows the price Of active
stocks on the New York Stock Exchange yesterday:
Oldest Pittsburg members of the
New York Stock Exchange 81 Fourth avenue.