Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-02-15
GOOD NEWS
From the West Gives Stocks n Boom
CoaIers and Grangers the Strongest on
the List-Railroad Bonds Reflect
the Improved Feeling.

NEW YORK, February H.-The Western rail-
road situation had much better aspect to-day,
and this caused an improved feeling on the
street, which was reflected in a more general
upward movement although the advances were
small but uniform. The Chicago advices were
of decidedly hopeful tenor, and that center for
the time being ceased to be the fountain of bear
ism information, and the selling of the Grang-
ers was almost entirely confined to the local
operators for decline. But these receiving no
aid from the usual source turned and began to
cover which resulted in making the Grangers
and Coalers, which have so lately heen the
special weak points in the market the strong
est stocks on the list. The reports said that
two more roads had signed the agreement, and
that the success or failure of the undertaking
rested principally with the president of the
Illinois Central road, and as no one man would
be likely to put himself in the position of gen.
eral maTplot the inference was that the end
was not far OFF.
There was some hesitation in the early rad
ing, and the bears renewed their attacks upon
Burlington, but met with no success whatever,
and soon ceased their operations, when a
marked rally took place all over the list. There
was a renewal of the effort in the afternoon,
but the same result followed and the stock was
one of the most prominent in showing gain at
the close. The specialties were again con-
spicuous. and some marked gains were made
among them, while the general list was firm,
way. and the final changes are in most cases
for insignificant amounts. The opening prices
were but slightly changed from last nights fig
ures. The market was very quiet with firm
tone but the attack upon Burlington caused a
Welding all over the list and prices were brought
down TO a shade below those of the opening,
Burlington touching 99 which was its lowest
figure for the day.
Chicago Gas was the strong spot in the list
and a sudden change in the temper of the gen.
eral list occurred at II o'clock, everything
moving up with will ana the Grangers and
Coalers taking the lead. The market displayed
more activity this time than at any other time
of the day. DullnesS followed and portion of
the mornings improvement was lost, but an
other raid upon Burlington falling to have any
marked effect, covering was indulged in to a
large extent, and the market again showed
animation with decided strength in the last
hour. The rebound in Burlington was very
sharp, and the best price of the day was reached
firm to strong generally at fractional advances
for the day. There were no declines of impor-
tance. Burlington rose rs, Chicago Gas IL.
and Big Four and Chicago and East Illinois
preferred per cent.
Railroad bonds also showed the effects of the
improved feeling, and with n somewhat larger
business displayed stronger tone, and final
figures generally show advances. The sales
were s., 10000. of which S45S.000 were Chesa-
peake and Ohio fives and Sl5OO0O Erie seconds.
The principal gains were Denver and Rio
Grande Western tirsts to 90%. and Pittsburg,
Painesville and Fairport firsts 3 to SO.
The following table shows the prices of active
stocks on the New York Stock Exchange
Corrected daily for THE DISPATCH by Whit
ney e. Stephenson, members of New York
Stock Exchange, 81 Fourth avenue: