Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-09
LOSSES RECOVERED.
The Bulls Make a Rush and Elevate the
Stock Market = Nearly Everything
Higher-Pittsburg and West
ern Preferred Leads

New YORK, May S.-The stock market to-
day was less active but stronger than it was
yesterday, and, as rule, all the losses were re-
covered, and in some cases fractions in addi-
tion. The opening this morning was again
feverish and irregular, the unsettled feeling of
yesterday not disappearing until well into the
forenoon, when the attitude of the traders be-
came more pronounced upon the bull side. The
majority of the list was from Is to q per cent
higher than last evenings quotations, but the
market was extremely narrow, and outside of
St Paul, which, early took the lead of the list,
the transactions were almost entirely profess
sional and the fluctuations were confined to
the smallest limits. There was considerable
pressure especially upon the coal shares, and
in Reading the only real weakness was shown,
though the loss was to "a per cent, which was
the extreme range of the stock for the day,
buyers who soon brought about a decided
change in the temper Of the speculation.
Atchison assumed secondary position ja the
market after the first hour, and ST. Paul be-
came the great feature of the day, the buying
of that stock being specially GOOD and it was
said to be for the account of q large banking
house who are seeking 10 control the election
and the advance in the stock was well main
tanned until the Close Good foreign buylng of
Lake Shore brought it to the front in the after
noon, but the other Vanderbilts were still dull
and immovable without features of any kind.
Among the specialties there were few very
wide movements, most prominent being the
sudden rise of per cent in Pittsburg and
Western preferred most of which was retained
at the close. Pullman after a small decline
rose sharply and Chicago gas again crossed so
and closed above that figure. Toward O'Clock
there was the usual realizing movement but
the concessions outside of Atchison and the
specialties were insignificant and the market
recovered its tone in the last hour, closing
quiet and steady to firm at but little under the
best prices of the day. Pittsburg and Western
preferred closed with gain of ~ per cent.
Chicago Gas 11s Pullman !, and ST. Paul u.
but the other changes are for small fractions
only.
Railroad bonds were more quiet and the tone
of the dealings underwent a change for the
worse, for the first time in many days, the final
changes showing majority of losses for the
day. The total transactions foot up 81, ,S6l 900,
of which Sl52,000 were in the Texas Pacific
second incomes. The st. Louis, Arkansas and
Texas issues we're the weakest spot in the list
upon the trouble over the payment of the cou-
pons on the first mortgage bonds The weak
ness was not confined TO those securities, how
ever, but extended to all portions Of the list,
and among the most marked losses were st.
Louis, Arkansas and Texas frsts, 8, at So; the
seconds, 8, at q, and others fractions.
The following table shows the prices OF active
stocks on the New York Stock Exchange
Corrected daily for TIE DIsPATcK By Whit