Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-02-19
A STRONG UNDERTONE.
Bears Make Raid on Wall Street But Fail
to Shake Values The Active List
Almost Invariably Higher.

NEW YORK, February l8-The stock market
to-day was fairly active, but while feverish,
irregular and unsettled in the forenoon. was
decidedly strong, especially for the specialties
in the afternoon, and final declines are few in
number. There was a generally bullsh temper
at the opening this morning, but London figures
came lower and that center apparently was a
seller of its specalties in the early dealings, and
the local and Chicago bears also were doing
their utmost to depress the list. St. Paul be.
came the special point of attack and it yielded
about point in the forenoon, while the i'm.
preston made upon the rest of the list was
slight, and i'll most cases the decline was over
in the first few minutes while in not few
instances the opening figures were the lowest
of the day. The market was not long in show
ing markedly strong undertone, and the pub
lication of the earnings of the st. Paul and
the Northern Pacific roads for the second
week in February, each of which showed
gains of more than $4,000, turned the
tide all over the list, and every
thing moved up from that time. Manhattan
became feature, and on the large dealings for
that stock was advanced over points, and
with Chattanooga. which rose 2 per cent, led
London was a purchaser of Erie, and that
stock, with New England and st. Paul, we're
most active, although their fluctuations were
small.
i
quiet and featureless throughout the entire
day. The concessions from Saturdays figures
at the opening extended to % per cent and the
market was feverish and irregular. with gen.
orally weak tone, for the first few minutes,
when the general list developed the same
strong tone which has been so marked feat
ure for some days past. The fluctuations we're
small and irregular throughout the first hour.
but before noon there were fractional gains
all over the list. with Tennessee Coal leading
with gain of over point. The market uuieted
down materially after noon. but the upward
movement became more general and Manhat-
tan took the lead in the advance, followed later
byChattanooga and Chicago Gas There was
no further change in the temper of the specu-
lation and the market finally closed active and
strong at about the best prices of the day. The
active stocks are almost invariably higher this
evening, the declines being few and unimport-
ant while Manhattan rose 81 and CHATTANOOGA
q The other gains being fractional.
The railroad bond market was again active
to-day, the sales of all issues reaching S22 7Sl 600
and to that amount Chicago Gas and Coke
firsts contributed S274,0OO, Denver and Rio
Graude western assented Sl55,0OO Burlington
NebI aska fours sl45, 900, and the Richmond &
West Point Trust skies $4,000 There was
more decided strength shown than on any day
Tor week past, and while there was a few
marked declines, such as in the International
seconds and the Ohio, Indiana and Western
issues, the gains were uniform and extended
throughout the list.
Most marked of these wefe Morris & Essex
f1rsts, 2 to las, Denver and South Park firsts,2E
to SS1s, Denver and Rio Grande W Western assent.
ed to S454 and Erie incomes to r.
The following table SHOWS the prices of active
stocks on the New York Stock Exchange.
Corrected daily for THE DISPATCH by Whit
ney o. Stephenson, members of New York
Stock Exchange, 81 Fourth avenue: