Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-29
JAY GOULD A DAMPER.
HIS UNION PACIFIC VICTORY A WET
BLANKET ON STOCKS.

Prices soon Recover, but Intense Dizziness
Characterzes tho Market-lndustriafs
Strong but Stagnant, Cordage Showing
the Most Life-Railroad Bonds More
Active.
NEW YORK, April 2s-The stock market
during the forenoon to-day exhibited some
increase in the amount of business, as well
rs general iRterest in the speculation; but
later it became dull and stagnant, while ex-
hibiting firm temper in the main. The
professional element was more inclined to
take the long side, especially as the loan
crowd showed an increased demand for
stocks, indicating the character of the SELL
ing during the last few days. The reduction
in the Bank of England rate, while not un-
expected, was one of the strengthening in
f1uences, and London was, to a moderate ex-
tent, q buyer of specialties.
The selling OF Union Pacific. induced by
the failure to oust the Gould party from tho
hn b"fb nor oe .9G
ished rapidly and further decline was
checked. The bears are still active in
Atchison and the Changers, and these opera
tions had influence enough to check buying
in the general list, so that the early ad
vanccs were in but few cases increased late
in the day. There was also considerable
pressure upon both Reading and New En-
gland, but trading in the former was re-
duced after II O'clock to the smallest limits
it has seen for a long while, and after slight
recovery, it remained stagnant with the
others of the list.
There was better feeling in the Indus
trials, but no animation or life in any of
them outside of Cordage, which recovered a
small part of its late decline; but among the
low-priced shares no feature of any kind
was developed.
First prices were fractionally higher
throughout the list, but the weakness in
Union Pacific checked the advance after it
had gone little farther: and while there
was a recovery from the first decline, the
dullness. The hopeful feeling, however
made itself felt later in the day, and there
was partial revival Of the animation with
a slow but steady appreciation of values,
which again brought most stocks up to and
In some cases beyond the level OF the best
prices of the forenoon.
Some of the low-prtced shares at this time
made sharp movements upward, and Pitts
burg and Western preferred, the Chesapeake
and Ohio shares, Tennessee Coal and Denver
gains The market finally closed dull and
stagnant, generally at fractions better than
last evening. A few marked gains we're
made, however. and Sugar rose IL; Lake
Shore, " and Reading, II.
The total sales OF stocks to-day were 247.
3l3 shares, including: Atchison, 1s,615 Erie,
1L2l9 Northern Pacific preferred, 5 329; New
England 13 23O: Reading, 5l,400; st. Paul, 49,
$50: Union Pacific, f,sS5.
Railroad bonds were more active, and dis
played again a firm temper throughout, with
few material gains. The total transactions
were 50. 124 900, out of which Atchison in
comes furnished S3s0lo; Reading thirds,
$lS1 900, and the deferred incomes, $2A, ,O0O
The following table shows the prices of active
stocks on the New York Stock Exchange yesterday.
5 TEf n fbs
New York Stock Exchange, 81 Fourth avenue.