Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-22
SHARP MOVEMENTS
And Large Transactions In Wall Street
Stocks Irregulnrly Changed, But Adj
vances in the Majority-London
SeIIsand Chicago Buys.

NEW YORK, May 2l-The stock market was
again active to-day, with the interest centered
mainly in the grangers, Wizards and special
ties and, while the room was in favor of a re-
action, the buying was of such nature as to
prevent any marked decline in any stock, and
to materially advance several of the
prime favorites The buying was still
principally by the Chicago operators,
but there were sharp movements and large
transactions in the Coalers. Wizards and one or
two others. The movement in the Northern
Pacihcs came to halt to-day, and nothing new
was heard in the stocks. but after the first
hour the activity subsided and their prices aft
erward slowly yielded, and both are fractional
ly lower this evening.
the market. and on large purchases was ad-
yanced about IL per cent, but it could not hold
the Improvement in the face OF sales TO realize
and hammering by the bears. The anthracite
shares became prominent upon the announce
meut that there wohld be a meeting tomorrow
to talk over the situation with probable ad-
vance in prices later on. Reading once more
assumed its old position as leader OF the mar
ket in point of activity, and very large blocks
of the stock were traded in. Jersey Central
later felt the stimulus, and its final advance was
nearly per cent. The others, however, were
not not SO prominent. and their fluctuations Of
The buying of the Grangers by the western
operators was the feature of the day, and the
strength of Burlington was specially notable,
fident and on the announcement of the dec.
laration of the dividend Of per cent to-day it
quickly recovered its early slight losses and
rose per cent further Northwestern, Atchi-
son and Rock Island also displayed marked
strength in view of the temper of the room, but
st, Paul was sluggish and without feature
Oregon Trauscontinental was u lower this
morning and rapidly fell of per cent and the
trading in the first few minutes was marked by
some sales at seller and some cash, but the re-
mainder of the day was bare of such trans
actions and the stock remained dull and steady
until the close. London was seller to linn
tied amount and the early prices from that
center were lower than our last evenings fip-
ures and first prices here this morning were
made from II to u per cent lower in sympathy
The early trading was also marked by a weak
tone and fractional losses were sustained ali
that time there was a decided change for the
better in the temper of speculation. and
Chicago Gas and the Grangers became the
leading stocks In the afternoon the Coalers
came to the front, but the highest prices were
generally reached toward i p. M, when the
bears succeeded in bringing about another re-
action. The last few minutes of business how
ever, was turned to account by purchasers and
the close was firm to strong. The unlisted de-
partment was barren of feature, except for the
weakness in Cotton Oil at the opening and
only portion of the loss was recovered Bruins
wick was steady at 22sz@22H. The final changes
are irregular, but advances are in majority
Jersey Central is up lE, Pullman IL Cbesa.
peake and Ohio first preferred, per cent and
others fractions, while the only marked decline
was in Oregon Transcontinental which lost ~
Railroad bonds were quite active to-day, but
the animation was like that in shares confined