Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-08
A BETTER DISTRIBUTION
OF THE BUSINESS IN THE GENERAL
STOCK MARKET.

Tho Market Still Advancing-Coalers Still
the Leadors-Northern Pacific Down,
but New England Rallies From Bear At
tacks-Railroad Bonds Fairly Active.
NEW YORK, April THE new interest in
the stock market manifested yesterday
showed no dimlnution to-day, and the activ-
ity in the general list was increased while
further progress was made toward higher
prices One of the most encouraging signs
was the better distribution of the business,
and the few stocks which have of late en-
tirely made the character of the market,
were much less prominent in the dealings.
The reduction in the Bank of England rate,
while fairly discounted in its effect upon
prices, had an encouraging influence in the
reduction in sterling exchange rates. An.
other encouraging sign was the strength OF
the Richmond and West Point securities
and the increasing transactions in the Trust
Company receipts for the common stock.
The Coal Stocks, while not occupying so
prominent a position in the trading, are
still fairly the leaders in activity, and Della
assertions of recent purchases by the Van
derbilts further advanced to l49. The others
failed to follow, and Reading exhibited
during large part of the day reactionary
temper and failed to rise above its first
price, while Lackawanna declined mater
tally on light transactions.
New England was still a fair mark for the
bears in the early dealings, but rallied hand
soniely toward noon in contrast with North
ern Pacific preferred, which was weak and
declining throughout the entire session, and
ial loss for the day. There was no news to
account for the depression and no rumors of
importance. The upward movement in
Delaware and Hudson met a large amount
of stock for sale at the best figures, and the
Improvement was all but lost at the close,
realizations in the whole list fairly wiping
out the mornings gains in the afternoon.
The most pronounced strength was seen
in the Industrials, and both Cordage and
Cotton Oil we're conspicuous for their gains
on an unusually large busfnes Tor them.
The general list was more active than usual,
but followed at safe distance, the move
ments among the leaders fuctua ting within
narrow limits, and prices tonight are only
slightly changed from those of last evening.
The close was quiet but firm at the re-
action, the amount of business done show
ing a marked falling off toward the end of
the session. The final ,h changes are generally
preferred is down y and Lackawanna per
cent, Cordage is up N.
The total sales of stocks to-day were Ssl, ,S21
shares, including Atchison, 964Os Delaware,
Lackawanna and Western, $3.50: Delaware
and Hudson, ,231: Erie, l7,440: Lake Shore
S,l4O; Louisville and Nashville, 6,440; Mis-
souri, Pacific, $3.50; Northwestern, 7.lsk;
Northern Pacific preferred, 81 O6O: New Eng
land, 20. 100; Reading, s., 40 Richmond and
West Point, H.415: St. Paul, 49, 500: St. Paul
and Omaha, 8 400; Union Pacific, $500; West
ern Union, $3.50.
Railway bonds were fairly active all
through the session to-day, and while the
total transactions did not reach any very
heavy figure, there was good distribution
of the business done, and large number of
issues received attention. A firm front was
presented without exception, and the change
In the temper of the Richmond and West
Point securities made the 5s the leader of
the list, its gain being 81 per cent at 5915
Other changes were, as a rule, unimpOrtanL
The following table shows the prices of active
stocks on the New York Stock Exchange yesterday.
Corrected daily for THE DISPATCH by WHITNEY 4
STEPHENSON, oldest Pittsburg members of the
New York Stock Exchange, 81 Fourth avenue.