Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-30
MORE GOLD SHIPMENTS.
THEY DO NOT HAVE THE EXPECTED
EFFECT ON STOCKS.
No Anxiety TO Unload Shown, Enough There
Was Selling for the Short Account BY
Professionals-CoAlers Loom Up Again
rt In, Tpdr~frioIs

No Anxiety to Unload Shown, Ehnugh There
Was Selling for the Short Account, BY
Professionals-CoAlers Loom Up Again
"A Squirt In Industrials.
NEW YORK, April 2s.-The event OF the day,
and, in fact, of the week. was the heavy gold
export to-day ,and, as this had been expected
in some quarters to be followed immedi-
ately by heavy selling movement in the
stock market, there was some disappoint.
ment over the result. The exports seem to
| have been followed by the usual conse-
quences of q restriction of business, with
some decline in prices; but to-day the latter
was evidently caused, not by the anxiety OF
holders to get rid of their Stocks but by SELL
ing for the short account, and that by the
professional element almost exclusively.
The influence of this selling was only tenn
porary, and, Notwithstanding the large
amount which goes out tomorrow, prices
| we're later rallied to above tho point where
The first selling of Union Pacific, after the
result of the election became known, was
succeeded by a substantial demand for the
considering the proportions OF the market.
In addition to this movement after the sell
ing was over. the demand for Reading, Atch-
ison, Jersey Central Rock Island and some
specialtfes, including Minneapolis and St.
Louis preferred, ran prices upon the shorts
rapidly, and all made substantial gains.
The market was O very limited One ana,
except in Reading. Atchison, Union Pacific,
St. Paul and Chicago Gas, there was little or
no animation, and sa smart upward move
ment in the Industrials in the early dealings
was followed by stagnation In those shares,
with some decline in railroad stocks. After
this depression was checked the market
showed increasing strength throughout the
remainder of the day, with increased activ-
ity toward the close. The covering of sh Orts
was the principal factor in the rallying of
the market.
The late dealings developed q heavy de-
mand for-the Coalers and specialttes, Read
ing again crossing CO. though the rest or the
list did not fully respond to this advance.
The close was quiet and strong at the best
prices. The final are generally fractional
gains, but Reading is'up ~
The total saies:of stock to-day were 1888
shares, including Atchison, "a, ,725: Chicago
Gas, 10, 40: Erie 4,270; Louisville and Nash
willie, 3, 100: New Jersey Central, 3, 100: North
ern Pacific preferred, 6,264: New England,
8. 900: Reading, 76,02O; st. Paul, 1860; Union
Pacific 5S5; Western Union, 8, S,72O. .
Railroad bonds were again fairly active,
but while the usual firm temper prevailed
there were few movements of Importance In
the list, and marked activity in the Atchison
incomes resulted in the gain of n large frac-
ton only. Other issues were not prominent,
though Il large number were traded in.
The following table shows the prices 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 Exchange, 81 Fourth avenue.