Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-06
BEARS ARE OUTCLASSED.
A RAID ON ATCHIsoN SECURITIES THE
LEADING FEATURE.
II Checks an Otherwise Buoyant Stock
Market-Rai1road Bonds Reach Their
Turning Point-DistiIlers' Find the Bot
tom and Regin fo Riye SteadIlv

II Checks an Otherwise Buoyant Stock
Market-Railroad Bonds Reach Their
Turning Point-DistiIlers' Find the Bot
tom and Begin to Rise Steadily.
NEW YORK, Feb. 5.-There was marked
improvement in the temper of the stock
market to-day, and despite the very stren-
uous efforts of the bears to continue the de-
cline of yesterday they were clearly out
classed, and in the stocks which attracted
attention material gains were scored as the
result of the days operations. On the other
| hand there was free realizing in some stocks,
| and the bond market, which has OF late been
steadily tending upward, yielded to the
pressure brought to bear on the Atchison
securities. The last named were, by all
odds, the most prominent feature of the
| day, and especially during the forenoon
| they had marked effect for evil on the
| market.
front, and by their pronounced strength
and sharp upward turns .he general market
was brought out of its condition of lethargy
in which it had remained during the entire
| Gay, and general improvement in values
| occurred. The Changers we're rather slug
gish throughout the day, and St. Paul was
pressed for sale to some extent: but Louis
Vile and Nashville responded to the
changed condition of the foreigners and
also to the appointment of the bears over
its good showing of earnings. Edison cleo
trio opened up to 1O4, but realizing on the
advance caused by the new combination
sent it back again to last nights price, and
the other specialties were quiet and with
out feature during the entire day.
The general market opened active and
higher, but the realiZations in the Atchison
securities and their material losses devel-
oped dropping tendency i'll the whole list,
! and fractional losses were the rule. Distil-
lers however, after decline of IA per cent.
rallied over per cent and lifted tine rest of
the list slowly, and when the movement in
the Coalers and Western Union began every
thing responded with more substantial
gains. The fluctuations in the general list,
however, were insignificant in almost all
cases, and the final changes, while general
advances, were without importance.
The close under the stimulus of the ad-
vance in the Coalers was very active and
strong at the highest points. There were no
declines of note, and Jersey Central and
Delaware and Hudson each rose 2T per cent;
Distillers'. 21s; Louisville and Nashville, III;
Reading, ~ and Lackawanna and Western
Union, per cent.
Railroad bonds were affected by the heavy
realizations in Atchison incomes, but the
latter after dropping from 615s to 50, recov-
cred and closed unchanged at 60M. They
contributed l,S90,00o to the days total OF
3575 600. The Reading issues were strong on
the settlement, and all scored material
gains. On the other hand. declines are the
rule among the rest of the list.
shares, including Atchison, "A $40: Chicago
Gas, 500; ID. L. W., 81, ,620; Erie, 1880: Louis
vile and Nashville, "a coo; Missouri Pacific,
l. $50; Northwestern. 1885, North American,
5, 100; New Jersey Central, 1O,s1o: Northern
Pacific pref, 6,6l5: Reading, 1850: New
England, 1851; Richmond and West Point,
4 a55 st. Paul, 10 100; St. Paul and Omaha
24lO: Union Pacific, 1850; Western Union,
22,54.
The following table shows the prices OF active
stocks ON the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY & STEPHENSON. oldest Pittsburg mem
bers of the New York Stock Exchange, 81 Fourth
avenue: