Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-20
THE SCARE OVER.
Stocks Rally from the Depression Caused by
Copper FURRY and Advance All Along
the Line-RaiIroad Bouds Ouiet,

Stocks Rally from the Depression Caused by
Copper FURRY and Advance All Along
the Line-Railroad Bonds Quiet.
NEW YORK, March 19-There was a very
marked change in the temper of the stock
speculation to-day, and the entire list with the
exception of the Grangers and the Southwest
ern stocks, advanced materially, the upward
movement being steady and meeting with
hardly check throughout the day. This was
on the revulsion of feeling from the scare of
yesterday and although the situation abroad
may be bad enough, it is evidently not SO bad
as was reported yesterday, and the fact begins
to be apparent that there is little to be feared
from the collapse in this country
The buying to-day was of the best character,
London leading of with liberal purchases of all
of its favorites, while Chicago did not send the
batch of disquieting reports which has been
the usual thing to do, and the shorts also COW
cred heavily in the general list although in
the Changers and Southwesterns it is doubtful
if the short interest has been reduced at all by
the transactions of the day.
The only piece of news calculated to affect
the market unfavorably was the report of the
Burlington and Quincy, which was something
worse than had been expected, and the issue
was the signal for another drive at the stocks
mentioned, although Rock Island was the
principal sufferer. Missouri Pacific was the
region, and it is one of the leaders in showing
a marked advance this evening, on the report
that Mr.. Gould's visit to the Southwest was, in
part, in regard to movement to bring about
better relations among the roads in that sec
tion. The improvement among the other
stocks was very uniform and steady although
in many cases the losses of yesterday were not
fully recovered.
The most pronounced gains. as usual were
among the specialties and Manhattan, Pull
man and some others. especially in the last
hour became very strong. In the last hour sew
eral specialtes came to the front and the high
est prices of the day were reached in all de-
partments of the list, and the market closed
active and strong at the top figures Every
haitian rose ~; Missouri Pacific, 2; Cleveland,
Columbus, Cincinnati and Indianapolis, ~;
New England, ~; Burlington and Quincy, lss;
Atchison, IL; Chicago Gas, Canada Southern,
Louisville and Nashville, and Texas Pacific,
l% each; Pacific Mail, "; Northwestern, N;
St Paul, Union Pacific, and Norfolk and West
ern preferred, 1H each; Rock Island, Pullman,
and Western Union, per cent each, and the
others fractional amounts.
The railroad bond market was again quiet
and failed to respond to the strength or anima-
ton in the share list. The sales of all issues
were only 81, ,2S5, 900. but out of that amount
Denver and Rio Grande Western Assented
bonds contributed Sl30000, and the Texas
Pacific second incomes SILL O0O There was no
decided tone to the dealings, but fluctuations
were small, except in few issues, and the i'm
portant changes are few In number and fairly
divided between gains and losses.
The following table SHOWS the prices of active
stocks on the New York Stock Exchange
Corrected daily for The DISPATCH by Whit
ney d Stephenson, members of New York
Stock Exchange, 81 Fourth avenue: