Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-10
MUTUAL MANIPULATION
CHARACTERIZES THE DULL STOCK
MARKET OF YESTERDAY.
Tho Outside Public Holding on - Bear
Pressure on New England and st. Paul
Reading Active and Firm - Grangers
Oniet hut IndusfriaIs Animated

Tho Outside Public Holding on - Bear
Pressure on New England and St Paul
Reading Active and Firm - GraDgers
Quiet, but Industrials Animated.
NEW YORK, March 9.-The stock market
today gave additional evidence that the out
side public now stands aloof from the spec-
ularion, and the trading during the day was
undoubtedly the result of manipulation on
both sides. There was free selling of New
England and Reading and q few specialties
for some time, but under cover Of these sales
liberal covering was indulged in in the gen.
eral list, and q sharp upward movement in
the Coalers and Vanderbilts followed, in
which the whole list sympathized. With
market sank into dullness, except in few
spots, among which New England became
prominent
The Grangers, except St. Paul, were very
the dividend scare in St. Paul were largely
taken in again to-day. The other feature Of
the days operations was the activity and
firmness in Reading, which was held be-
tween 81 and 56 almost the entire session.
More animation was seen among the Indus
trials and a stronger temper. Short cover
ing. with the dullness following the relief
from bear pressure, were the salient charac-
teristics of the market throughout
The opening continued the change in
temper begun late last evening, and while
uSJ a,
and Jersey Central per cent, the general
list, as rule, showed material gains over
last nights figures. The upward movement
received only temporary check by the at
tacks on Reading, New England and the
Industrials, but soon the whole list was ad-
vancing, though slowly, except in the few
leaders. One of the most notable move
ments was n sharp squirt in Lackawanna
from l5s to l61, while the specialties. the Sus-
ueuhanna and Western stocks, Denver and
Rio Grande preferred Buffalo, Rochester and
Pittsburg, Union Pacific and Denver and
Gulf all made special advances on an in
creased business at different times during
the day. The market finally closed active
and firm to strong at near the highest prices
reached. The whole list is higher this even
ing, and New England is up 2ss; Cordage,
~; Lackawanna, ~; Sugar, 1ss: Reading n;
Louisville and Nashville, ~, and Union Pa
cific, N.
shares, including Atchis0n, $500; Delaware,
Lackawanna and Western. 4, 125; Erie, IL, 760;
Lake Shore, 4l45; Louisville and Nashville,
1920; North western, 55A2; Northern Pacific
preferred, $500; New England, 81 ,556; Read
ing, TO- l7O: st. Panl 44,000; Union Pacific, g.
lS7: Denver and Rio Grande, 4,756.
Railroad bonds are fairly active, with the
usual firm temper and small fluctuations
issues, and while Richmond and West Point
6s, the Reading issues and Atchison incomes
were all active. only the first named scored
any material advance. They rose steadily,
and at 641a were up ~ per cent. The sales
were 81, 96S,000.
The following table shows the price Of active
stocks on the New York Stock Exchange yesterday.
STEPHENSON. oldest Pittsburg members of the
New York Stock Exchange, 81 Fourth avenue: