Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-14
STOCKS WON'T DOWN.
PROFESSIONAL BEARS ON WALL
STREET DISCONNECTED.

Cordage Raided on Prospective Litigation,
ing, Again Coms to tho Front-New
England Proves the Weakest Spot.
NEW YORK. April 1S.-There was not much
encouragement for the professional bears
in the stock market this morning, and their
which, while yielding readily at first. proved
to respond more readily to the efforts to
cover later. London figures were higher
this morning, but foreign houses were doing
little, and the dullness in the market con-
tinued unre!ieved except for the special
animation in the Industrials, New Eng
land and snecialties, and later In the Coal
stocks. The traders, as usual, were the
principal Sellers but stocks were taken at
all concessions, and the general market.
while dull, displayed strong temper. which
resulted in q slow, but steady, appreciation
in values all along the line.
Some sensational stories of intended iti.
cation against the Coroage Company offered
an opportunity to the bears to raid the
stocks of the company down. The prices
were forced of per cent for the common
and ~ for the preferred. The stocks did
not long remain under the hammer, how
ever, and rapid and full recovery followed
New England was another weak point in
the early dealings. The loss to-day reached
something over per cent, and partial
rally only succeeded.
Against these movements were to be
placed the new squirt in Lake Erie and West
ern stocks, which carried the common up
about l per cent and the preferred per
cent, which was accompanied by marked
strength in the Industrials and later in the
Coalers, all of which were again advanced
materially. with Delaware and Hudson in
the lead. Reading, however, again took its
old place at the head of the speculation be-
fore the close, and scored much larger ad-
vance than usual Of late
The general market remained without
feature throughout the day, and the activity
and strength in the leaders, while sufficient
to give firm temper, failed to move prices
dull and firm generally at about the best
prices of the day.. but in few cases were
these materially higher than those of last
evening. The market gains included Jer-
sey Central. 2sS; Reading and Sugar. each
~: Lake Erie and Western, ~: Lacka-
while Cordage is down per cent.
The total sales of stocks to-day were 271,-
s32 shares, including: Atchison, 8, 1885, Chica-
20 Gas, $780, Delaware, Lackawanna and
Western; Is 9eo: Delaware and Hudson, 7.22a;
Erie, ECO; Louisville and Nashville, $3.50:
Northern Pacific preferred. 5455; New En-
gland, l9, 1OO Reading, g., $40: Richmond and
West Point, 5,s63: st. Paul, 10, ,09O; Union Pa
cific, 3.t34: Western, 4, ,4s3; New Jersey Cen
tlal, 1850.
Railroad bonds were again specially act
i've. and, with wide distribution of the
business, a strong temper was shown
throughout the DAY, but with but few mate
rial gains, as usual. The Reading issues and
the Richmond and West point issues were
alf of tile Readings are higher; but Rich
mond and West Point 5s, after selling down
to 5s5<, Glosed unchanged at 5SA.
The following table shows the price of active
Corrected daily for THE DIsPATcH by WHITNEY /
STErHENsON, oldest Pittsburg members of the
New York Stock Exchange, 81 Fourth avenue.