Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-23
MARKED ADVANCES.
Good Trading and Strong Feeling In Wall
Street-Grangers, Conlers and Cas-
sers Take the Lend-Nenrly
Everything Fraction.
ally Higher.

ally Higher.
NEW YORK, May 22-The stock market was
not SO active to-day, but the tone of the deal
ings was stronger, especially for the Grangers
Coal stocks and gas shares. There was some
lively covering in some of the favorites and a
few stocks made very marked advances. St
Paul attracted most of the interest and the
steady buying in that stock was yarously at
tributed to different influential parties. The
stock crossed 70 for the first time since the
break of last September. The bullish feeling
in the other Grangers met with somewhat of a
check from the decrease in earnings reported
for the Northwestern for April, and the deal
ings in that stock We :e not so large as usual of
late
The Coalers occupi, a prominent place in
the market, and thu Ugh Reading was first
among them in point OF -ctivity. Jersey Cen
trail showed most strengt.4 nd rose 2 per cent
on the expectation of a dividend in a short
time, and the figures reached were the highest
attained by that stock in many years. The
market again displayed an unmistakable
broadening tendency, and several stocks which
have been almost totally neglected of late were
brought forward and advanced. The Gould
stocks were also more prominent and Western
Union, after period of inaction, became ac-
the list. Among the specialties there were
some wide fluctuations, and Pittsburg and
Western preferred, Oregon Navigation and q
few others were decidedly strong. while Mar
sharply, though portion of the loss was re-
covered.
The opening figures were higher and the
London figures we're also higher, but London
was doing little or nothing In this market, and
was at no time factor in the course of prices.
New England became marked feature of the
dealings in the first few minutes, large Eastern
orders to buy being executed, but the demand
for the stock died away toward noon, and it re-
tired to secondary position in the market
again. Chicago Gas took the lead in point of
activity IN the early trading, but it did not ad-
vance much and later retired fractionally, while
the upward movement in the general list was
confined to small fractions only.
st. Paul and few of the specialties showed
more strength toward noon, although the mar
ket began to show periods of comparative dull
ness, but Chicago Gas again became strong
after II o'clock and st. Paul attained the high
est figures; the Coal stocks came to the 'front.'
and Jersey Central also developed the most de-
cidcd strength. The best figures were gener-
ally reached toward P. NJ, after which reali-
cations sagged the list off, but the close was
fairly steady at fractional gains in almost the
entire list.
Railroad bonds began the day with rather
quiet business, but they fully sympathized
with the Improvement In stocks, and later de-
veloped marked activity and many material
gains were scored. The business of the day
foots up 81, 34l, ,000 Denver and Rio Grande re-
ceipts contributed S205, 600, Texas Pacific sec
ond incomes Sill, 900 and Ft Worth and Den
yer f1rsts Sl37, QUO. East Tennessee fiyes rose 2
Peoria, Decatur and Evansville frsts Ok, to
ITO; San Francisco skies 2 to l2l; Texas Central
sevens of 1909 8, to So and Chicago Gas flrsts
29S, to 100.
The following table shows the prices OF active
stocks on the New York Stock Exchange.
Corrected daily for THE DISPATCH by Whit
ney & Stephenson, members of New York
Stock Exchange. 81 Fourth avenue: