Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-12
COALERS BOB UP AGAIN
ON ACCOUNT OF THE NEW JERSEY
LEGISLATURES ACTION.
st. Paul Settles Back to Its Normal Con-
dition-Sugar and Distillers' Almost as
Strong as Reading-Richmond and West
Point to the Front.

| St. Paul Settles Back to Its Normal Con-
dition-sugar and Distillers' Almost as
Strong as Reading-Richnond and W est
Point to the Front.
NEW YORK, March 1.-THE st. Paul matter
in the stock market to-day gave way to a
| renewal of the excitement in the Coal stocks,
and while the general list was still very
quiet, even to dAllness, the amount of
business done during the day, by reason Of
the new activity in the Coal shares, was
very material. The interest in the St. Paul
dividend seemed to have been well ex-
hausted by the time the Board opened this
morning, and while St. Paul opened down IA
per cent at II, it rallied partly and showed a
steadily dwindling volume of business at
practically unchanged prices.
The passage of the bill in the New Jersey
Legislature to legalize the compact between
the coal companies, however, became the
cause of a new movement among those
stocks, and their old activity was renewed
and their prices mounted quite in the old
STYLE The only other feature of note in the
market, and one which is regarded with
quite as much favor by those who look for a
new upward movement based on real values,
was the renewed animation in the Indus
trials, which were both prominent in the
dealings and almost as strong as the Coalers.
this new movement. while Cordage, Chicago
Gas and others were kept quiet with the gen
eral railroad list.
Among the low priced shares, only Buffalo,
Rochester and Pittsburg showed any signs
of life, and they soon subsidized in the face of
the more attractive security mentioned.
There was some buying of Erie, apparently
for London account, and New England dis
played some activity and strength, but none
of the other railroad stocks showed any ami
nation throughout the day.
The opening of the general market was at
lower figures and st. Paul was down IA per
cent at n, but rallied quietly "a and after
ward reached even better prices. The rest
thougb it was not until toward p noon n that the
meaning of the action of the New Jersey
Legislature was seen and then there was q
scramble for the Coalers. Reading rose to
]43sS, and Delaware and Hudson to .41E
There were rumors later OF negotiations be-
tween the SugarTrust and other outside re-
flneries and these created q demand for that
stock, which sent the common up to 931l and
the preferred up to 97T while Distillers'
kept pace for some time with the upward
movement.
The excitement died out of the Coalers
toward P. NJ. and realizing sales on tile ad-
vance sagged prices off little for some
mond & West Point made the securities Of
that read the feature in the last few minutes
trading, and while the market was stiffened
up again the close was active and firm to
strong at or near the best prices of the day.
The final changes are in almost all cases ad-
vances and the important ones comprise:
Reading 4, Delaware and Hudson 29s, Sugar
2%, Lackawanna 20, Distillers 15ss, and Lake
Shore 15s
The total sales of stocks to-day were 531, ,34s
shares. including Delaware, Iackawanna
and Western, H.740: Delaware and Hudson,
6,1l5; Erie, 13, ,s25; Northwestern. $500; New
Jersey Central. s $685. New England, 1915;
Reading, 263, 40: Richmond and West Point,
1162O; st. Paul, $1,000
Railway bonds were quiet except for a few
issues, including the Readings and tine Rich
mond and West Points, and these were the
strong features of the day. OF the Reading
issues the seconds rose 81 to 6614 and the
thirds "a to 5s5s, while the Richmond and
West Point IS are up 2 at 96. The rest of the
market was without interest through the
day, though a firm temper marked the trad
ing at all times.
The following table shows the price of active
stocks on the New York Stock Exchange yesterday.
Corrected daily for THE DISPATCH by WHITNEY &
STEPHENSON, Oldest Pittsburg members of the
New York Stock ElchanRe, 81 Fourth avenue: