Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-10
COAL SHARES RECEDE.
THE MARKET FEvERISH AND LOWER
IN THE GENERAL LIST.

Industrials Make the Best Showing, with
Material Advances in Chicago Gas and
Sugar-Erie Another Strong Feature
Railroad Bonds Preserve Their Strength.
NEW YORK, Feb s.-The stock market to,
day was active, feverish and irregular, and
the trading was almost entirely OF profes-
sional nature. There was manifest again
disposition on the part of the traders to
hammer the general list, and while prices
were stimulated from time to time by cover
ing of short contracts in different parts OF
the list the steady pressure of short stocks
for sale. with free realizing kept prices down
in everything, and in few instances caused
material losses.
The Coal stocks still occupied the most
prominent position in the market, but their
preponderance was by no means so marked
as yesterday and Erie and Chicago Gas were
features of the days operations. The trans
actions,in Reading we're again very large,
but the fluctuations were not on the same
large scale as for the last two days, and after
closing at u per cent better Lackawanna
fulfilled the prophecy by selling up to l6O
but it Immediately retired and sold down to
1854; Delaware and Hudson sold to 1872, but
lost all the improvement, and Jersey Cen
tral was weak throughout, selling down
from 12915 to 1861. AN advance in Chicago
Gas served to rally the entire list. The
other 1ndustrialS we're benefited by the
squirt, and Sugar retained its advantage.
The general list opened firm. but the
pressure of short sales and the reaction an
the coal stocks caused a general though
slow decline until the rally in the In
dustrials, when Atchison came to the front
on covering of shorts, and the whole list
was again lifted above the level of first
prices. The failure of the Coalers to rally
encouraged bearish operations, and in the
last hour, specially, severe pressure was
brought to bear, wiping out all the early
gains, and in many cases something in ad-
dition. Atchison, Reading, Distillers and
Louisville were specially prominent in the
late decline. The market finally closed
active and weak at or near the lowest prices
of the day in most of the list Lackawanna
is down 1A Jersey Central 2 and New Eng
land l. but Chicago Gas is up 2H and Sugar.
per cent.
The total sales of stocks to-day were 52l, ,4l0
shares, including Atchison, S0,640; Chicago
Gas, $3.50: Delaware, Lackawanna and W est
ern, 81. 1888: Delaware and Hudson, $50; Erie,
$500; Louisville and Nashville. 19,63s; Mis-
souri, Pacific, 3605; New Jersey Central,
10 lS3; Northern Pacific, preferred, 1875;
Reading, NS,O9O: Richmond and West Point,
ls.461; st. Paul, 1857; Texas and Pacific,
1925; Union Pacific, 6,la.
Railroad bonds showed less diminution
from yesterdays business than stocks and
preserved their strength unimpaired. The
total transactions were 5,l42,o0o, out OF
100000: the seconds, 10000; the thirds,
1,OS7 900: the deferred incomes, $50 900: Atchi-
son incomes, 252, COO. and Kansas and Texas
seconds, 10000. OF the Reading issues,
however, only the thirds scored any marked
improvement.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WRIrN.Y STEPHENSON, Oldest Pittsbnrg mem
bers of the New York Stock Exchange, 81 Fourth
avenue,