Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-04
"A RUSH FOR NEW ENGLAND.
RUMORs OF THE VANDERBILT DEAL
EXCITE ESPECULATORS.

Tho Stock Gets Down to It's Normal on a
Denial Of the Reports-Several Heavy
Losses After the Morning Furore-Lake
Shore Is Up.
NEW YORK, March 3-The stock market
was narrower than for some time, although
the amount Of business was very large,
especially during the forenoon. The temper
was in the main firm, and advances scored
during the forenoon were only partially lost
later in the day. The great feature of the
day was the extraordinary activity in New
England, the excitement in which for the first
hour was most intense. The rumors cicu-
bilts with the road, were the basis of the op-
erations. The stock sold at different prices,
from 56 to SO. The realizations were SO
heavy that it rapidly retired to 81 before the
selling pressure was relieved. At 50 it was
81 per cent higher than at the close last
evening, and at 81 it was down ~ per cent,
and whfic it rallied from this point to 551a, it
sold between 81 and IS the remainder OF the
day. Denials of the stories circulated were
received from the Grand Central depot and
after ll5, 600 shares had changed hands in
the first hour, over 7o.o 600 of which were sold
during the nrst Is minutes. the stock gradu-
ally settled down to ordinary animation.
The most prominent feature outside OF
New England were the Vanderbilt stocks,
and strength, Lake Shore at one time being
2 per cent above its final figure of yester-
day. Northwestern was included in this
group, and Burlington and Rock Island
scored substantial gains, while the Coal
stocks were suddenly let down at noon. Del
aware and Hudson losing nearly per cent.
The only other special feature of the day
was a rise in Chicago Gas, but all these
movements were spasmodic and of short
duration.
The general list opened firm and remained
firm to strong in tone without any material
improvement. The only weak point was
Sugar, which gave way over per cent in the
morning, but rallied later in, the day. The
late dealings saw renewal Of the realiza-
ous attack upon both New England and the
Richmond and West Point stocks to take ad-
vantage of the sales for the long account.
some e1sent anS the close Eas active and
weak, but generally at close to first prices
The only stock to show q material improve
ment was Lake Shore, with gain OF ~ per
ferred is down 5A: the common, ~: New
England, 81; Delaware and Hudson, 2sS;;
Jersey Central and Sugar, ~, and Reading
The total sales of stocks to-day we're 59,-
1874 shares, including: Atchison, $500; Cam
ada Southern, 4,4oO; Chicago Gas, 8, l00 Della
ware LaekaManna ana aso "estern; Il 4sSo; !a0 Gela
Shore, L, 675: Louisville and Nashville. $500:
Northwestern, 16Ss5: New York Central.
1900: Northern Pacific, preferred, 400: New
and Vest Point. ss,sss; 81 Paul ss. $50; Union
Pacific. 37O6
Railway bonds were quiet, and while dis
playing II firm temper Tor most OF the time,
closed with the Reading and Richmond and
West Point in athe last hour The latter
bonds are DOWN. and ~ per cent tor the es
and bs. The business was 81, ,56s, 900, with
some activity in the Reading deferreds and
the terminal 5s.
The following table shows the prices of active
Corrected daily for THE DISPATCH by WHITNEY &
STEPHENSON, oldest Pittsburg members of the
New York Stock Exchange. 81 Fourth avenues: