Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-10-24

stimulus to the covering of shorts and so fur
nlshed foundation for the advances scored.
There is little news of importance in regard
to the railroads, but Kansas and Texas stock
became feature on the renewal of the rumors
OF yesterday in regard to new plan of reor-
ganization and the rumor ran that settle
ment of difficulties between the conflicting in
terests of the Dondholders would be settled to
DAY. The return of this stock to activity under
suchicircumstances had an influence for good
upon the Gould shares in general, and Missouri
racine. Manhattan, Texas Pacific and Western
Union all we're more active and stronger. In
sloers were buyers of Louisville and Nashville,
and the assertion that the stock IS to go higher
was persistently circulated with marked effect
Union Pacific was also a special favorlte,
especially in the afternoon, when it became the
leader of the entire list and, being taken quite
freely, 1t rose rapidly, the improvement being
accompanied by stories OF new bull pool In
tne stock There was also talk OF Important
results to flow from a proposed alliance with
Northwestern and Manitoba. The coal stocks
were steady and the Vanderbilts and Wizards
nrm, while the trusts were rather weak. with
the single exception of Chicago Gas, which
was advanced sharply, but lost most OF the I'M
provement. The foreigners and commission
houses were the principal buyers of long stock,
while the supply came from the professionals
ana some of the Chicago people, and the
grangers made but slow progress.
The opening of the market was rather irregu-
lar, but the general list displayed an advancing
RAID upon values was indulged in in the early
trading, which caused a recession of small frac-
uons from the opening figures. The strength
OF the market soon became apparent, however,
and slow but steady appreciation OF values,
which lasted with but slight Interruptions un-
III the close of business was inaugurated.
Kansas and Texas was the most promlnent
feature in the forenoon, and Union Pacific
later in the day, but the improving tendency
reached all portions of the list and final prices
are about the opening figures: The market
nr1iof md ofr0 r1ne INN mt n
changes are few in number. Union PACING rose
l1& and Jersey Central and Louisville and Nash
vile per cent each, while Sugar Is down IL.
son of the closing prices of iast Saturday with
those of IL o'clock to-day shows that all the
Changers and also Union and Missouri Pacifics,
Atchison, Louisville and Nashville had just
about recovered their declines of Monday, and
were only changed by small fractions from
their prices of Saturday, but the Coal stocks,
with the exception of Jersey Central, had not
recovered, and Lackawanna, Delaware and
Hudson and Reading were still from "a to per
cent below their last prices of Saturday.
The acknowledgment by the coal agents at
their meeting yesterday that the coal trade
advance in prices. but that further restriction
OF over zoo, 600 tons in the output for November
was necessary is good reason for the heaviness
of the Coal stocks; in fact they are much more
firmly held than might reasonably be expected
under such circumstances. and this is especially
the case with Reading, which has stood pretty
firmly at about "A, which of the SIS, 100000 of
per cent income bonds which come ahead of
the $50 600 900 of the stock, the first preference
incomes are selling at so, the second preferred
have got down to 81, the third preferred (of
which there are SlS.575, 000) have got down
to 81.
The difference of seven points between these
and the stock is too small and in accordance with
the prospects of the payment OF anything on
the incomes the difference should be at least 20
points,
Railroad bonds were again quite active. the
sales reaching 81 n, 900, out of which the Texas
and Pacific seconds furnished S255, 900 and the
Kansas and Texas skies Sl30, 900. The Kansas
and Texas issues were again prominent for
strength, but they failed to make any marked
movement
The following table SHOWS tine prices or active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY & STEPHENSON, oldest Pittsburg mem
bers Of New YORK Stock Exchange, 81 Fourth ave-
nue.: