Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-03
RUMORS RUSH UP ERIE.
THAT RAILROAD SUPPOSED TO BE IN
THE COAL DEAL
The Stock Market Mainly in the Traders
Hands-Industria!s Conspicuous for
strength-New England Still One Of the

The Stock Market Mainly in the Traders'
Hands-Industria!s Conspicuous for
strength-New England Still One OF the
Leaders-Trade in Bonds Fair.
NEW York, March 2.-The stock market
continued to be traders market in the
main to day, and the selling by the profess
sionals maintained a heavy tone through
out most of the day in the general list,
though in the afternoon there was better
support noticea BILE in the active shares, and
the Industrials and specialties were con-
spicuous for strength and activity in the
prevailing dullness. At the present time
however, any connection, either actual or
rumored, with the Coal deal now supposed
TO be pending, is sufficient to cause not only
a marked increase in the business done in
the stock on the Exchange, but also a mate
rial improvement in the quotations.
The latest one to be SO mentioned Is Erie,
which the last rumor puts down as partner
with the New York Central in acquiring
control of the Delaware and Hudson. This
business last night, and this morning there
was rush to buy it for speculative account,
while the foreign houses were also heavy
bidders for the stock: As a consequence the
the preferred 81 at II. The high prices
brought out a great deal OF 1t, and the pre-
ferred retired quickly to 75A, while the com
mon, after further slight improvement,
barely held its own, and after the forenoon
was over both sank back into comparative
dullness with the remainder of the market.
New England continued to be most promi-
nent, and it sold off over N per cent in the
early trading. only to recover later in the
day. The coal stocks, the grangers ana n. the
western became active and strong at one
time. The Industrials were the strong
features of the afternoon, Sugar rising per
weakness and advanced per cent in the
forenoon, though not able to retain it later
in the day, when the Cotton Oil Stocks and
Sugar again became prominent in the ad-
vance.
The buying was OF better characterin
the late dealings, and materially affected
the tone Of the close. The general list.open.
nights figures. remained dull and droopfng
during the greater part of the day, but raj
lied in the last hour. when the forenoon's
really weak point in the market was Wheel
ing and Lake Erie. which declined steadily
and failed to rally with the rest of the list.
strong, with the active stocks ut the best
prices of the day, but with the general list
at or near the opening figures: TIE adj
TeTs sscws san Of een
Sugar, 2H: Lackawanna, ~; Erie, u; Cotton
Oil. ~. and the preferred, ~, while Wheel
ing and Lake Erie is down per cent.
The total sales of stocks to-day were 420,-
s92 shares, including: Atchison, s.2s5; Can
ada Southern, 1895; Chicago Gas, 1865; Della
ware, Lackawanna and Western. l.360; Della
ware and Hudson, 5000; Erie, 10S, $50; Lake
Shore, 8, 100: Louisville and Nashville. l. 42O;
Northwestern, $50: New Jersey Central,
1885; New York Central, 400: Northern Pa
cifc, preferred, 600; New England, 1880;
Reading, "a, 700; Richmond and West Point;
6, 100; St Paul, 60. 800: Western Union, 8, 400.
The trading in railway bonds was fair, and
with Erie seconds and the Reading issues
considerable animation was shown, though
while q rather
temper, no material changes of special note
occurred in the list. The total transactions
reached 81 ,527, ,0O0 but the only movement to
attract attention was in the New York and
Northern seconds, which after selling to go,
retired to 5711. at which they closed with q
loss of per cent. The market followed
closely the temper of the share list, and the
final dealings displayed n much better tone
than during the afternoon.
The following table shows the prices OF active
stocks on the New York Stock Exchange yesterday
Corrected daily for THE DISPATCH by WHITNEY &
oldest Pittsburg members of the
New York Stock Exchange, 81 Fourth avenue: