Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-05
VANDERBILTS OVER ALL.
BIG GAINS IN ALL TBAT LIST OF
STOCKS AND BONDS.

New England and Richmond and West
Point the Weak Factors-Intense Ac-
tivity in Both, Especially tho Latter
Lake Shore Scores the Largest Gain.
NEW YORK, March 4.-The stock market to-
day was again very active, and after the first
hour decidedly strong, although one group
i of stocks monopolized the attention Of
traders and the lions share of the improve
ment in prices. The general list, however,
presented firm front throughout the day,
despite the early weakness in both New
England and the Richmond and West Point
securities, in addition to several specialties.
The trading, as q whole, did not lose its pro-
fessional character, but there was more life
to the dealings. and while the late advance
may have been largely due to the frighten-
ing of the shorts by the unusual advances in
the Vanderbilts, the buying was undoubted-
ly of a good character and the improvement
substantial in other stocks than the leaders,
Inc opening OF the market was made at
irregular changes from the final figures of
last evening, but advances were in q ma
Jor1ty, and the market right at the start dis
played q disposition to break away from the
weakening influences Of both New England
and the Richmond and West Points. The
trading in the first of these stocks was very
large this morning, though not on the i'm
mense scale of yesterday, and it gradually
settled down to ordinary proportions as
time wore along. The early decline was also
followed by a full recovery, and the cover
ing OF shorts in it was marked during the
afternoon as in many other stocks.
The Richmond and West Points are still
suffering from the uncertainty in regard to
the reorganization. The stocks to-day,
however, were comparatively strong, while
the bonds took header and closed ma
terially lower.
Later in the day the feature of the davis
operations was deveioped, and the Wander
bilts quickly came to the front, with Lake
Shore in the lead, Michigan Central follow
ing, and even the Nickel Plate stocks coming
in for a share in the rise. The upward
movement in Lake Shore, however, over
shadowed the transactions IN the rest of the
list, ana from 12s it mounted to 1861. The
the late dealings, and St. Paul crossed 80
once more, while the connection of North
western with the Vanderbilts accounted Tor
q marked rise in that stock.
The Coal stocks, however, were weak and
the Industrials quite neglected. The buying
became more urgent as the close approached,
advances, the final dealings were at the top
figures, and the close strong and confident
on a large volume of business. The important
advances of the day included: Lake Shore, "a;
Michigan Central, lH; Nickel Plate lists ~:
Northwestern, Canda Southern and st. Paul, |
l5s: Rock Island, ~; New York Central and |
Burlington; ~; Denver and Rio Grande pre-
and Erie per cent.
The total sales Of stocks to-day were 5l4,- |
4s9 shares, including Atchisou, $500; Can |
al
ware, Lackawanna and Western, $685.: Erie,
g. 100; Lake Shore, 23,370; Louisville and
Nashville. $500; Manhattan, $500; Missouri
Pacific, 3,270: Northwestern, % 900: North |
American, $3.50; New Jersey Central, 4, al;
New York Central. i, ,7O5: Northern Pacific, |
preferred, 5733: New England, 10, ,346; Read
ing, 69, ,0OO Richmond and West Point, q, 700;
St Paul, 1900: St. Paul and Omaha, $500;
Union Pacific, $500; Western Union, Z, ,5s2.
Railway bonds were little more ami,
mated, but the weakness in the Reading and
Richmond and West Point bonds prevented
the list from following the advances in the
share list, though a firm temper was seen
during most of the day. The total trans
actions we e $62, 1O9 900, with very heavy trad
ing in the Richmond and West Point 5's,
which contributed $4S3, 600 to the total, and
also in the Reading 3s. The first named
bonds declined ~ to "a, while the 6's lost 81
at 951%; Toledo, Ann Arbor and Cadillac
firsts, lH At 81 Important gains are few.
The following table shows the prices of active
stocks on the New York Stock Exchange yesterday.
Corrected daily for THE DISPATCH ny WHITNEY 3
oldest Pittsburg members Of the
New York Stock Exchange. 81 Fourth avenue: