Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-02-16
ACTIVE AND STRONG.
The Bulls Still Loose in Wall street-Stocks
Continue to Climb-A Boom In the
Granger Shares - Railroad

NEW YORK, February 15-The stock market
was more active and stronger to-day and the
result of the days trading is to leave almost
everything fractionally higher than last even.
ing, though outside of the Grangers there was
little or no feature in the list. The extensive
covering of shorts yesterday had the effect of
making the market this morning quiet, and
operators evidently waiting for developments,
though the dividend on Burlington helped to
open that stock at material advance over the
rest of the list The hesitation however, soon
encouraged the bears to make drive at the
Grangers, and while London was buyer of its
specialties and commission houses were ex-
ecutiug orders, the room being rather bullish.
Rock Island and Burlington yieldlv readily to
the attacks and dragged the rest of the list with
them to limited extent. The Grangers how
ever were doing all the business, and the
fluctuations in the others were confined to the
smallest fractions, and possessed little or no
significance. A sudden change came over the
temper of the speculation toward noon how.
ever when it was announced that the Burling-
ton had signed the agreement, and there was a
rush to buy for both sides of the account which
soon recovered all the losses of the forenoon
and brought prices up to higher figures Bur-
lington and Rock Island took the lead in this
RISE but later Northwestern became yery
prominent, and Big -Four also crept up on a
comparatively light business. The improved
feeling extended to all portions of the list. al
though the Grangers and Atchison. which was
bought freely by Boston, monopolized the
greater portion of the business done.
The prices were generally firm at slight ad-
vances, but Burlington was exceptional with a
gain of "a per cent, and while the pressure
upon the Grangers knocked Burlington and
Rock Island off about a point each, the rest
were dull, and while sympathizing with the
weakness displayed in those stocks moved
within the narrowest limits. This condition of
things lasted until noon, when the entire list
woke up and prices rallied sharply, Burlington
moving up 2L per cent and others in pro1or-
ton. Atchison and Northwestern afterward
became prominent, though a slight reaction
took place toward delivery hour, but the strong
tone continued to the end, and the close was
active and strong at the best prices of the day
Burlington is up 1H per cent this evening,
Northwestern and BigFour per cent each and
others fractions.
The railroad bond list felt the stimulus of
the buoyancy in the share list this afternoon
and there was a more active and more widely
distributed business with more decidedly
strong tone than has prevailed for the past few
days. The sales of all issues aggregated 81 246.-
600 out of which Chesapeake and Ohio IS fnr-
nished s266, 900; Denver and Western assented,
There were no specially marked movements in
the list.
The following table shows the prices of active
stocks on the New York Stock Exchange,
Corrected daily for THE DISPATCH by Whit
ney & Stephenson, members of New York
Stock Exchange, 81 Fourth avenue: