Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-09
INTERESTINGLY IRREGULAR.
MORE GAINS THAN LOSSES SCORED
IN YESTERDAYS STOCKS.

Bears Make Occasional Raids-A Big Bus-
Gs- mess in Chicago Gns-Goulds and Dis
tiiIers Weak Points = New England
Keeps Up Its Pace.
| NEW YORK, JAM s.-The stock, market to
| uay was very active and feverish through
ont, but while the amount of business done
falls short Of that of yesterday, there was
no less interest in the transa actions. The ir
regularity in the movement con tinued to be
| feature of the trading until the close
| While New England, Rock Island, Manhat
tan, Louisville, New Albany and Chicago
| and Northern Pacific preferred, with some
of the low-priced specialtes, were specially
strong, Missouri Pacific Union Pacific, Dis
| tillers' and Atchison were weak points. Ihe
general list was, as rule, quiet. The ex'
cessive trading in the few more prominent
stocks brought the days business up to its
high figure.
The bears were again active and arg-es-
slve and made drives at several stocks at
different times, and these efforts yesterday
and to-day have 1t is believed, closed out
the stop orders which have been menace
to the speculation. The transactions IN
Chicago Gas were.still enormous this morn
ing, probably $4,000 shares changing hands
In the first l5 minutes trading. 1t opened
at different prices from 70 to IA, while it only
went Is per cent below the former price
during the day. The strength displayed by
the stock quickly restored confidence, and
it advanced to 7555ss, the general market gath
ering strength in the meantime. The
feverishneSs, however, never departed from
the stock. and the drop of per cent in Dis
tlllers, which was engineered for further
effect upon the general market, seemed to
have no further influence than this. This
decline was as quickly recovered as the
other, and New England Immediately came
to the front. continuing its remarkable
upward movement, helped by further
rumors favorable to the company.
WA r1oh n L
the Gould shares, and Union Pacific dis
played real weakness; but the sharp upward
movement given Manhattan late in the day
served to disseminate the idea that the in
siders were not in the efforts to depress
those shares. The late dealings were also
marked by sharp advance in the Coalers,
supposed to be another move against the
shorts
The most remarkable movement of the
day was in the securities of the New York
and Northern Company, the stock advanc-
bonds following closely. Most of this was
retained at the close. The list is generally
small fractions higher, but advances are
more numerous than losses. There was a
final effort to knock prices off in the last
hour, but it was met by the advances in
Manhattan and the Coalers, and the market
closed active and firm. Distillers' is l5s per
cent lower this evening, but New England
is up 21s and Rock Island, Northern Pacific
preferred and Richmond and West Point
are each per cent higher, while Richmond
anu NeSC fOlnt pTelcTFeu ana
and Western preferred are up larger
amounts.
The tota! sales of stocks to-day we're $685.
6S5 shares, including Atchison, 25, lS9; Chi
cago gas. 79.0l0: Delaware Lackawanna and
Western, lSO: Erie, 4,935; Louisville and
Nashville. Il, 2,O95; Manhattan, s 039 Missouri
Pacific, 6,70O; Northwestern, 1851; Northern
Pacific preferred, $3.50; New England, so, $50;
Reading, 50 500; Richmond and West Point,
33o95; st. Paul, 3,42O; st. Paul and Omaha,
$3.50
Railroad bonds were less animated than
yesterday but there was no diminurion of
the strength of the dealings and while as
usual of late the msterial gains are few,
the whole list moved up without effort. The
special features of the day were tie New
York and Northern seconds and the Rich
mond and West Point trust IS, the former
moving up from So to 6S5l and closing at g.
The total transactions were S. 255 600 the
two issues mentioned being the only active
specialties.
The following table shows the prices of active
stocks on the New York Stock Exchange yestcr-
day Corrected daily for THE EIsPArCH by
WHITNEY & STEPHENSON, oldest Pittsburg mem
bers OF the New York Stock Exchange, 81 Fourth
avenue.