Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-07
STILL CLIMBING.
Railroad Shares Coniinue Their Upward
Movement-The Coalers and Changers
Sill at the Front-Trusts Take
Back Seafs-Advunces

Movement-The COalers and Changers
Sill at the Front-Trusts Take
Back seais-Advunces
In fhe Majority.
NEW YORK, September 5.-There was less
business in the stock market to-day, though
there was no less interest in the dealings and
even after the material advances Of yesterday
most stocks are fractionally higher tonight
The news Of the day was of little Importance,
but such as there was favored the advance
AS usual on Fridays there was considerable
selling by the professionals to close out their
accounts for the week, and the desire to secure
the profits accrued on the rise of the previous
days of the week induced the selling OF long
stocks, and the room traders who were gener-
ally of bearish temper, soon Joined in the
selling. The general demand for stocks, how
ever, and the willingness of some of the large
operators to replace their sales at slight con-
cessions, prevented the early decline from
going far, and the course of prices was soon
changed to the upward direction.
The coal stocks became the strong feature Of
the market in the afternoon. and the buying OF
those shares on the expectation that either the
dividends will be increased or the capital
stocks enlarged was very pronounced. The
Northern Pacifios took secondary position in
the market and even the grangers which were
supported by the western contingent were
rather backward. The Southern stocks, how
ever, awoke from their lethargy and were
largely traded in, while Richmond and West
Point became one of the leading active stocks
and in the rise occupied very prominent posi-
ton. The reports of the splendid condition OF
business in that section of the country was
mostly responsible for the improved position
of those shares in the market. The trusts were
quite dull, and little or no interest seems to be
taken in them at present.
The opening was active and strong, though
considerable irregularity existed, and Wheel
ing and Lake Erie was down "a per cent. The
pressure to sell was directed principally against
Northern Pacific preferred and Atchison in.
the early dealings and the market was very
feverish, while most of the list shaded of from
the opening figures. Richmond and West
Point was the strong feature, however. and its
sharp rise in the first hour rallied the list
though the Grangers continued weak until the
front and the selling movement exhausted it.
self. The market gradually quieted down and
the close while strong was quite dull. There
were few fractional losses as the result of the
days operations, but the majority of the list is
higher. Colorado Coal is up 15sc; Tennessee
Coal Nc, and Jersey Central and Delaware
and Hudson each per cent.
The railroad bond market was little more
active to-day, though the increased sales were
firsts and the Denver and Rio Grande Western.
which contributed $4,000 and s163, 900 respect
lively to the total of 81, ,4l4 900. There was the
usual steady to strong tone, and most issues
are fractionally higher.
The following table shows the prices OF active
stocks on the New York Stock Exchange yester-
WHITNEY & STEPHENSON, Oldest Pittsburg mem
bers of New York Stock Exchange, 81 Fourth ave-
nue.: