Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-19
WALL STREET BULLISH.
COAL STOCKS THE PRINCIPAL SEAT
OF THE MOVEMENT,

Richmond and West Point and New Eng
land Special Features-Little Business
Done for Foreign Account-The Open
ing Was Firm.
| NEW YoRK, April 1S.-The continued
| strength, with the increasing activity in the
| stock market to-day, showed that the bull
| ish feeling among operators IL increasing in
| Wall street and the attacks of the bears
| only served to bring out inside support.
Richmond and West Point and New Eng
land were special examples of this. The
incipal seat of the bullish feeling is again
in the coal stocks. The particular strong
point in the market to-day, however, was
Western Union, which was held by un.
doubted buying for the long account which
has continued for so long time and has
steadily though slowly advanced the price
to a figure which it has not seen for long
time.
The absence of the business usually done
for foreign account and the lack of buying
by the arbitrage brokers WAS apparently not
felt in the market to-day. Outside of the
stocks heretofore mentioned there was little
animation or pronounced strength to-day,
though the entire list continu I'd to appreci-
ate, but St. Paul and Atchison were among
the leaders in point of activity, while among
mems in Wheeling and Lake Erie, Minneap-
oils and St. Louis, Louisville. New Albany
and Chicago, Lake Erie and Western, and q
few others less important. The opening
was firm ut advances extending to " per
cent, while New England and Lacka-
wanna were exceptional with losses Of
1 per cent and ~ respectively. The
and the stocks mentioned recovered n large
portion OF their opening losses. There was
no setback to the general advance until
we'll in the last hour when realizations ap-
pd wi effect n n a m .pri
reaction all along the line and in Lackawan-
m, Delaware and Hudson ana Lake Shore
material losses from their best prices. The
rest OF the list, however, yielded very
slowly, and in but few cases was any marked
impression made upon prices. The market
closed fairly active and rather heavy under
ter than first prices. The final changes are
generally small advances, but while Wheel
ing and Lake Erie preferred ia up IL
and Western Union ~, Delaware and
Railroad bonds were also active ana dis
played firm temper, but there was the
usual slight changes in the general list and
few features worthy OF note. The Rich
mond and West Point bonds felt the effect
of the opposition in the company and the IS
fell away ~ per cent to 5s. No other
changes of note occurred. Governments
bonds have been dull ard firm. State bonds
have been dull and steady.
The Post says: As the believers in an early
advance in prices have based their hopes
ural that to-day's stock market, with holi-
day in London. should be dull. 1t was not,
however, without features of interest. On
the whole, its course during the greater part
of the day showed firmness, but with great
irregularfty. The bear traders attacked
New England. which was depressed by an
outside demonstration which had much the
appearance of "stock,jobbing" scheme,
but which was sufficiently founded OH iacts
to make ie unpleasant Richmond Terminal,
too, sold down on the Appearances, OF dis |
cord in the Reorganization Committee. The |
importanr factor, however, was the continu- |
ance of investment buying centering again |
in Western Union. |
The total sales Of stocks to-day were |
40s 2A shares, including Atchison, II 900; Del |
aware Lackawanna and Western, 1l,7O0; |
Erie, $3.50: Hooking Valley, $3.50; Louisville |
and Nashville, 1910; Missouri Pacific, 8725: |
Northwestern, l0.05O; North American, 3Oi5; |
Northern Pacific preferred, 16, l35: Pacific |
Mail, 4,O40; Reading. l59, ,550 Richmond and |
West Point, $3.50; St. Paul, 81 SIS: st. Paul |
and Manitoba, $500: Union Pacific, 6,56O;
Western Union, IL, 100.
The following table shows the price Of active
tocks on the New York Stock Exchange yesterday. |
DIRECTED daily for THE DISPATCH by WHrrNEY&
STEPHENSON. oldest Pittsburg members Of the /
New ork stock Exchange. 81 Fourth avenue.