Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-12
'Ex-dividend.
EDISON TRUSTS LOOM UP.
THE lNDUsTRIALs RULE THE DAY IN
NEW YORK STOCKS.

Shares Less Active but StronGer-Bonds
Relatively More Important-A Short
Lived Depression in Sugar-Bufalo,
Rochester and Pittsburg Still Rising.
NEW York, May 1.-THE stock market, on
the whole, displayed less activity to-day,
but rather stronger temper, without scor-
ing as many material gains. This was done
in the face of special weakness in Sugar and
Delaware and Hudson, and a plainly de-
clining speculative interest in the Coalers.
The undoub ted buying for foreign account
was probably the most powerful factor in
making the course of prices. The market
showed no widening tendency, and in only
one stock was there any material change
the Edison Trust Receipts which Is both an
Industrial and an unlisted security. The
general belief is that there has been large
amount of shorts covered bv. the leading
bear operators within the last two weeks,
but by opera tions in other directions. There
has been no real diminution in the amount
of shorts outstanding in the market.
The arket opened active and higher on
the brighter prospects abroad, and the buy
ing for foreign account was heavy in few
stocks. which induced some realizing and
further sales for the short account, check
ing the upward movement except in few
stocks Edison Receipts, Reading, Delaware
and Hudson and Sugar were specially weak.
The decline was short-lived and prices raj
pressure after which the general market
sank into dullness, while the 1ndustrfals
again led the upward movement, Edison
Trusts rising 3ss per cent. from their low est
point: Cordage, 2, and Others smaller
amounts.
Among the railroad stocks were few
changes of note, but Delaware and Hudson
about recovered its loss, while Buffalo,
Rochester and Pittsburg rose ". The late
dealings, however, were Hfeless and con-
fined almost exclusively to the profession
ais, who sold some stocks down slightly and
final prices are only slightly changed from
those of the opening, as Il rule. Sugar is
down ! per cent this evening, but Edison
Receipts are up IA. Cordage ~ and Louis
Vile and Nashville, which responded freely
to the foreign purchases, per cent.
The total sales of stocks to-day were pa,
O9k shares, including Atchison, $3.50: Chicago
Gas, IL 22O: Erie, s, lis: Louisville and Nash
willie, l6SOs; Northern Pacific preferred, A.
$50: New England, 5l2o; Reading, S2,61o; st.
Paul. 1928
The dealings in railroad bonds were more
important relatively than those in stocks,
and while the inquiry for the latter class of
ing interest and broadening of the de-
mand. The transactions are well and widely
distributed whilo prices slowly appreciate
without serious setback. The important
movements continue to be few, and prices
IRON day to day are only slightly higher.
The total trading to-day was s., ,604 900, out of
which Atchison Is furnished $500, 600; the IN
comes $2H 900; Reading firsts, $ls9, 900, and
the seconds, 500, ,0O0 All made only frac-
tional gains.
The following table shows the prices of active
stocks on the New York Stock Exchange yestrr-
NEY & STEPHENSON, oldest Pittsburg members of
the New York Stock Exchange, 81 Fourth avenue.