Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-18
BULLS EARLY, BEARS LATE.
NEW ENGLAND holds UP THE MORN
ING SHARE MARKET.
Stocks Begin to Get Dull and Sag Down
After the Noon Hour-ReaIizations on
Reading Make That Security the Weak
est on the List.

Stocks Begin to Get Dull and Sag Down
! After the Noon Decentralization on
Reading Make That Security the Weak
est on the List.
| NEW YORK, Feb. 1.-THE stock market was
comparatively quiet to-day and moved
| within narrow limits when compared with
| the wide fluctuations of the last two weeks,
and while there was consfdera BILE hammer
ing by the home traders and bears, prices
were generally strong in the forenoon, but
yielded more readily later in the day. The
substantial part of the movement was the
realizations in Reading and the pressure of
The market was rather irregular through
out the greater part of the day, and despite
the weakness of the general list in the
afternoon, specialties in Tennessee Coal, the
Lake Erie and Western stocks and the Chesa-
peake and Ohio made substantial progress
toward high and better prices. After Read
while, but it was persistently raided and its
final loss is insignificant. st. Paul was
pressed for sale also, and 1t made no re-
sponse to the good showing OF its earnings.
The forenoon had New England its
special strong point, and it scored a rise of
a per cent, but failed to hold it in the late
trading. On the other hand, Chicago Gas
was made the special point Of attack by the
bears in the early dealings,and it was forced
off nearly n per cent from its last nights
figures. The general list opened with con-
pressure, anu DTSt prlCcS were Ill
lower, Reading being DOWN. per cent, but
the strength of New En.land rallied the en-
tire market, despite the pressure on Chicago
Gas. and advances OF large fractions were
made all along the line without any special
feature outside of the low-priced shares and
New England. The forenoon was marked
by firm temper, and the best prices of the
day were generally reached toward II
o'clock.
After that time, however, the market de-
clined into dizziness. Prices went off, and the
pace was accelerated in the last hour by a
vigorous drive by the bears. The pressure
was removed toward the end of the session,
however, and slight rally was permitted,
causing the market to close with q firm tonc
on light business. The final changes are
generally small losses; but Reading is down
~, Lackawanna 13s and Delaware and Hud-
son and Northern Pacific preferred each l
per cent.
The total sales of stock TODAY were 416,657
shares, including Atchison, 16 $40; Chicago
Gas, 24,l5O; Delaware, Lackawanna and
Western, 1920; Erie q, $50; Louisville and
Nashville, g. 225: Northern Pacific, pfd., Is, $780,
New England, 35.5S5; Reading, 10S. $50; Rich
mond and West Point, H. l40; st. Paul, q, 900;
Union Pacific, IA, 100: Western Union, 300.
Railway bonds were more quiet than for a.
long time, the total transactions being only
Reading issues was eclipsed by that in Texas
Pacific seconds and Richmond and West
Point trust IS. The temper was somewhat
mixed and the final changes are quite ir-
regular. The Readings are generally lower.
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: