Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-06
A RALLY IN STOCKS.
They Exhibit Increased Activity as Well ns
strenRth-The Changers Lead-sugar
Trust Wavering-Final Changes
Show Small Gains All
Along the Line.

snow small Gains All
Along the Line.
NEW YORK. August 6-The stock market to-
day seemed to have shaken OF the lethargy
which has bound it for SO long, and there was
not only moderately active business through
out the day, but it was much more evenly dis
tributed than usual of late, and the tone Of the
dealings remained positively strong from open
ing to close. In this movement the Chicago
party was given the credit of being the leaders,
and the Granger stocks as was to be expected,
led the list generally in both activity and
strength. The indications are that the upward
turn is due to the increased movement in
grain, which has set in with considerable
vigor.
There was no help from the foreigners, as
this was a bank holiday in London, but other
outside centers sent liberal buying orders in
for their favorItes, while the advance in quota
tions was materially assisted by the covering of
shorts in all the principal stocks. AS mark of
considerable trading in the stocks which have
been neglected for a long time and these alone
shared in the Improvement The advances
were very uniform, and almost all the leading
shares made material final gains.
The open ming was made at advances over Sat
urday's closing figures of from H to 5s per
cent, and was succeeded by an active and
strong market, the only exception being Sugar
Trust, which declined IL per cent in the first
few minutes The early dealings were also
Transcontinentai from S21S to Sfz, but this was
all lost with something in addition before the
close, and rumors of Mr.. Willard selling out
were circulated. All the active stocks rose
materially In the first hour and Sugar Trust re-
covered its entire loss and afterward took the
lead in the advance, scoring a handsome final
gain. The market Quieted down somewhat
after l o'clock. but the upward movement was
continued, but the trading became devoid of
feature beyond the sudden rise in Manhattan
from 9211 to 951a on what appeared to be inside
buying.
Sugar showed some weakness toward delivery
hour, but rallied again later, while the general
list gave evidence of some realizing in the last
hour. The market, however. closed quiet and
steady at about the best prices of the day.
The entire list is higher tonight. Burlington
rose lA.:Iake Erie and Western preferred and
East Illinois. Big -Four new. Northwestern and
Lake Shore ~ each, New England ~ Sugar
u and others fractions.
Inc Improvement in the market spread to
railroad bonds. and the business done to-day
reached VI. .45S,O00 though for the greater ppr-
lion OF the increase the Chesapeake and Ohio
nves ana tne Kichmond and Allegheny firsts
were responsible furnishing $3.50 600 and sl34.-
CW respectively. The tone was also stronger
Gulf. Colorado and Santa Fe SKIES rose to fY
and Houston and Texas fists, receipts, to LIZ.
utah southern extension sevens lost OK. at
Antonio and Arkansas Pass sixes of 1919 & at AZ
The followine table SHOWS the prices or sct,v.
stocks the New York stock Exchsnrs yestrr
DAY Corrected daily for THE DIsr1r6H by
York ssss fs';SSrs Fuush
nue.:
Clos
4ai 4ssa.. c's'sS ssS. 3p !. r.: 8 * * s. S