Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-19
STOCKS STRONG.
A Reaction Which Carries Everything to
Level-Northern Pacific and Ore.
gon Lead the Upward Move.
vuenf-RniIro0d Rands Activa


ment-Railroad Bonds Active.
NEW YORK, June lS.-The stock market was
somewhat less active to-day, but it made up in
interest what it lacked in animation, and dur
ing the entire day. with the exception of the
first and last half hours there was decidedly
strong tone to the dealings, the consequence
being that many stocks tonight are materially
higher. while the few declines from last
evenings figures are small and unimportant.
The absence of large number of
brokers of sporting proclivities at the
yacht and horse races accounted for the di-
minished activity this morning, but the with
drawal of the Alton from the Interstate Asso-,
ciatlon and the resignation of Commissioner
Fink had seemingly spent their force upon the
market and there was most pronounced dispo-
sition to take the more cheerful view of the
railroad situation. There was a considerable
pounding of the Grangers still by the West
erners, and the effects of this pleasure was
most apparent in the first hour of the sessions
but completely disa ppeared in the afternoon
New England and Atchison were the sustaining
elements in the forenoon. but while they were
thought unusually active, neither moved over
range of more than l per cent during the
day, and neither was able to hold its advance.
The great feature of the day was the strength
of the Northern Pacific and the Oregon stocks
because of the final settlement of the Oregon
complications, although Union Pacific, in
whose interest the provisions of the settlement
were made, failed to respond to the news at
all. The Coal stocks also again came to the
front late in the day, and Jersey Central Della
ware and Hudson and Lackawanna all reached
higher figures than before attained and scored
handsome final gains. Realizations in the last
hour caused a limited reaction and the final
figures are in most cases something off from
the best prices. The close was quiet and firm
at slightly below the best figures of the day.
The final changes are almost invariably in the
direction of higher prices. Delaware and
Hudson rose ~, Lackawanna and Oregon
Navigation 2 per cent each, Jersey Central and
Oregon Transcontlnental TX each, Northern
Pacific preferred ~ and the common per
245. .626 shares, of which Atchison furnished
47l55. New England SO, 250 Reading 24y5O
Lackawanna e, 6l0, st. Paul IA 3O0 and North
ern Pacific preferred IA 050.
Railroad bonds were fairly active, the sales
of all issues aggregating 81, T55 600. but there
was none of the interest manifested in the
transactions. and the movements in the list
were comparatively small and unimportant.
The Atlantic and Pacific As contributed SlS1,.
600. the Reading As SIS, 900 and the Kansas and
Texas general 6s $l4l, 900 to the grand total but
neither of these bonds shoW any special feature
beyond their animation. The most marked
movement was the further advance of the st.
Louis and Chicago consols to 43. but they re-
acted at the close to AZ, net gain of per cent
from the last previous SALE The weak spot in
the market was the Hooking Valley issues,
and the 5s dropped 81 to 66 and the 6s 216 to 5S
Denver and Rio Grande Western Assented
firsts rose ~ to 921&,
The following table shows the prices OF active
stocks Oh the New York Stock Exchange.
Corrected daily for THE DISPATCH by Whit
ney stephenson, members of New York
Stock Exchange. 81 Fourth avenue:
Open High Low ing
1nR. est est Bids.
Am. Cotton OH. s,.." 6s9t .... .... 80