Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-21
THE WORST OVER.
Wall Street Recovering From tho Depres-
sion-The Improvement In the Stock
Market Continues - Nearly
Everything Closes High
er-Bonds Dull.

er-Bonds Dull.
NEW YORK, March 20-The volume of busi-
ness in the stock market was still further re-
stricted to-day, but the improvement begun
yesterday made further progress and with but
few exceptions the active stocks this evening
are fractionally higher with some market gains
among the specialties The London prices
came lower this morning. and this with the an
nouncement of failure upon the exchange
led to temporary depression, but the sustain
ing influence of the short interest with the
cessation of the bearish dispatches from Chi
cago soon made themselves felt and the firm
to strong tone was again resumed.
There were some efforts made to get the
Grangers and the Southwesterns down. but the
effect was inconsiderable; none of those stocks
ever got much below the opening figure.
Northwestern and Rock Island showed more
vulnerability than the others, but yielded only
fractions and had no marked influence on the
remainder of the list The Coal stocks were
quite strong upon the reports from Philadel-
pnia that the companies had agreed upon a
plan for the regulation of the trade during the
present year, and many of them reached the
best prices for week past The most marked
feature about the general list was its quietness
and steadiness with firm tone, but several of
the specialties made remarkable advances
while showing unusual animation.
Chicago Gas was the special feature of the
day, and from one of the inactive shares be-
came the leader of the marketin both activity
and strength. The insiders were believed to
be the heaviest buyers, and there was renewed
talk of a per cent quarterly dividend. Pull
man also displayed some of the old time
strength, and squirt in the Chesapeake and
Ohio first preferred stock attracted much at
tention. Short Line, Cleveland, Columbus,
Cincinnati and indianapolis and Big Four re-
sumed their upward movement, although their
advances were more modest than those of the
other stocks mentioned.
The opening figures were all from N@% per
cent lower than last evenings prices, while
Burlington was exceptional with loss of
per cent. Further fractional losses were sus-
tanned in the first few minutes but only Rock
Island which yielded u. showed any decline of
Importance, and general upward movement,
which reached all parts of the list was soon in
early trading became prominent and the open
ing figures were soon left behind, when the
market became very quiet and in turn reacted.
Toward noon the Denver. Texas and Fort
Worth certificates advanced sharply, and in
the afternoon the movement became general,
with Pullman and Chesapeake and Ohio first
preferred most conspicuous. The high figures,
however, brought out some long stock, and
there was fractional reaction from the best
prices, though the market closed dull and firm.
Burlington and Northwestern are dull and
lower. but everything else is higher. Pullman
rose g. Chicago Gas, "a; Cleveland, Columbus,
Cincinnati and Indianapolis, TX; Short Line,
N; Chesapeake and Ohio first, II. and Big
Four, per cent.
Railroad bonds were positively dull, the sales
of all issues reaching only S994,0O0, while the
market showed firm. tone but fluctuations
were confined to the narrowest limits.
The following table SHOWS the prices OF active
stocks on the New York Stock Exchange.
Corrected daily for THE DISPATCH by Whit
ney q stephenson, members of New York
Stock Exchange, 81 Fourth avenue: