Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-19
MOVED UP A PEG.
Stocks Active, With n Small Advance All
Along the Line-The Struggle Over
TranscOntineutnl Resumed-A
Boom in Rochester and

Pittsburg Bonds.
NEW YORK, May 1S-The stock market was
again active this morning and strong in all it's
departments, although the grangers, outside
of Oregon Transcontinental, were the principal
feature The contest in Transcontinental
was not finished with the closing of the books,
and the heavy short interest in the stock was
still endeavoring to cover. which was the occa-
sion of another pyrotechnic rise in the price of
the stock, though this time it was stock traded
in in the regular way. The great demand forced
its price up 20 per cent to So in the first hour,
but supply of stock met this improvement
and it reacted to 81. This brought in new buy
ers and IT again advanced TO ~ where It
of the difficulties between the opposing parties
in the company, but they gained little credence
and had no appreciable effect upon the course
of the stock to-day.
Unlike the previous few days the excitement
in Transcontfnental did not have the effect of
restricting the trading in the general list, and
Transcontinental to-day went back to third
place in point of activity. The buying Of the
grangers was specially good, and there seems
to be o large short interest in all of them which
Is now getting frightened, and the result was
marked advance in all those stocks with larger
dealings than usual Of late. Burlington was
the leader from the opening and with but
slight interruption it steadily rose over per
cent st. Paul preferred was also sharply ad-
Vanced, selling up TO Id from lIV24, 1IS IasG
sale, but reacted TO ll2 Atchlson, Union Pa
cifc and st. Paul were also prominent but the
movements in these stocks, like the remainder
of the list, were confined to smaller fractions,
and the transactions developed no feature of
special interest The days business reached
158, S35 shares, of which Burlington contributed
5000 Atchison IL, $50, Oregon Transcontineptal
1884, Union Pacific 1850 and St. Paul Il, 3l5
Almost everything traded in to-day is higher
tonight. Oregon TranscOntinental rose 7 per
cent, St. Paul preferred 2N, Burlington and
Quincy 24, Union Pacific and Rock Island
each II. Atchison l per cent and others frac-
tonal amounts.
Railroad bonds were rather dull again, but
the tone of the market was firm and most of
the issues traded in are higher. The sales
reached S696, ,000. of which the Duluth, South
Shore and Atlantic contributed $l63,OOO, al
though it failed to advance more than u per
cent. Among the important gains were Bur
lington, Grand Rapids and Northern lists, to
102; Denver and South Park lists. 81 to 9315;
Chattanooga lists, to l35, and Rochester and
Pittsburg lists, to 100. There were no losses
of any importance. The sales of bonds for the
were 81 654 co., against So 758. 900 for last week.
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:
CIos-
Open High Low ing
ing esL est. Bios:
Am. Cotton Ou'.s..''. 81 5SS