Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-04-26
GAINS ALL AROUND.
Wall Street Surprised by n Boom in Stocks
American Securities Strong in Lon
dOn-The Entire List Closes
on5 .

Strong and Higher.
NEW YORK April 25.-The stock market to-
day was more active and decidedly stronger
than at any time during the past two weeks,
and while the aggregate of the business done
was not very large the gains at the close of
business are universal and material. The i'm
provement in the temper of the speculation
was somewhat of surprise to the local traders,
who had expected nothing but dullness and
stagnation until after the coming holidays,
but the impetus came from the other side,
where the firmness displayed by the American
securities, and the unusual ease of money in
London have generated a strong speculative
Sentiment on American stocks. The buying
orders from London were very large, and were
variously estimated up to So 200 shares and the
London favorites were the leaders in the mar
ket
Louisville and Nashville was specially promi-
nent, though the foreigners took lines of
Reading, Union Pacific, Norfolk and Western
preferred and some others. The statements of
President Hughitt of the Northwestern in re-
gard to the earliness of the crops in the West
and the harmony existing among the members
of the State Association did much to bring the
Western stocks to the 'front.' and the South
westerns later became active and Richmond
and West Point, Missouri Pacific and Texas
Pacific which have lain almost dormant for
some time advanced materially on a largely in
creased business.
Among the specialties there were a few
marked movements and Pullman again became
remarkable for its strength though the ship
ment of block of stock to the other side re-
Gently has favored small floating SUPPLY on
the street. Erie was another stock which was
called into life by the foreign purchasers and
the transactions in the stocks of that company
were larger for to-day than for two weeks
cA knrA N
among the active shares from u to 5S per cent
higher than last evenings prices which tempted
considerable selling to realize, while the Chi
cago spectators and the local bears resisted
early trading, forcing off from "A to u per cent
The unusually heavy demand, however, was
too much for them and prices began to advance
after the first half hour.
Later dullDess set in as the first demand was
satisfied, and the bears drew off to see how far
it would go, but while the fluctuations were
small there was no weakness anywhere appa-
rent, and in the afternoon the upward move
ment was resumed. This frightened the bears
into covering to some extent, and several stocks
which have been dull of late sprang into promi-
nence and advanced materially The best
prices were generally reached toward delivery
houf, but there was no marked recession after
that time and the market finally closed active
and firm at about the highest figures
The securities in the unlisted department
were somewhat neglected, and the movements
were confined to the smallest fractions. and
Brunswick was shade lower at 20I With the
single exception of Memphis and Charleston
which retired per cent, the entire list IS
ferred rose 31S, Pullman 2 Louisville and
Nashville l2z, Manitoba IL, Burlington and
Quincy and Texas Pacific IL each. Lake
Shore, Erie preferred, Missouri Pacific. Rich
mond and West Point and Union Pacific / per
cent each, and the others fractional amounts
The impetus given to the speculation was
shown most forcibly in the dealings in railroad
bonds, and the business of the day extended to
very large number S Of issues and aggregated
2ds contributed S6S8 000, the lists SI57. 600 and
Richmond and West Point trust IS Sl62OO
The market was firm to strong all the way out
and the active bonds mentioned with the Green
Bay incomes were the features. The improve
ment extended to all portions of the list. The
most important gains were brooklyn Elevated
lists II to 1l0N, Houston and Texas End re-
ceipts to l20 Cedar Falls and Minneapolis lists
TO 70 Rochester and Pittsburg consois to
III, Manitoba As 2 to 80. Toledo and Mt
Pleasant 6s to 96. and Green Bay incomes to
q.
The following table SHOWS the prices Of active
stocks on the New York Stock Exchange
Corrected daily for THE DIsPArcH by Whit