Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-07

and as the general expectation is that there
will be little If anything for the incomes, the
stock is farther from a dividend than at any
time since the reorganization. The bears sold
the stock literally, and liquidation Of long ac-
counts assumed large proportions. while some
stop orders we're unnerVed. The decline In
Reading, with the heaviness in the other Coal
ers, retarded the rest of the list, which DIS
played an advancing tendency throughout the
day.
Cotton Oil was disturbing factor in the
early portion of the day, weakening under the
rumors Of shortage in the accounts OF the
company to be disclosed at the meeting OF the
trustees, but the matter was set at rest by a
card from the chairman saying that the short
age would amount to S277, 900, which quleted
apprehension, and as the feeling became more
settled. the worst being Known, there was
marked improvement in the certificates after
that time. Money eased of as the day wore
on, and loans were made at per cent, Wnlen
helped along the bullish feeling, and In the
last hour the upward movement became most
pronounced, Louisville and Nashville being
particularly conspicuous on Indications OF IN
side buying. Missouri Pacific also responded
with material Improvement and 1t was
known that inside support was given the STOCK.
A number of the specialties made marked ad-
vances, and the Grangers were also prominent
late in the day for the strength displayed. The
close was strong. The only decline OF note
was ~ in Reading, while Chicago Gas rose "a,
bouleNllle auQ NaSQVll6 IA, OeuVeT, 1eAdS
and Ft Worth ~ Atchison N, and Rock
Island I%
Railroad bonds were active for the first time
IN months to-day, the sales of all issues reach
ing S2 l73,090 and the tone of the dealings was
strong all the way out, though there were few
marked advances made outside of the specially
strong issues, the Kansas and Texas and the
Gult, Colorado and Santa Fee. These we're
not only foremost in point of strength but also
in activity, and the Kansas and Texas 5s fur
nshed $l67 OO0 the IS S329 COO and the rs Sl640OO
to the total, while Gulf, Colorado and Santa
re lists contributed S2O2, 900. There were no de-
clInes of any importonce.
The Posts financial article says: Notwith-
standing the continued weakness and further
decline OF Reading, and in spite of some trans
parent attempt to get up sensations about Mis-
souri, and Cotton Trust, the general stock mar
ket was strong, and with the exception OF Read
ing and Cotton Trust all stocks were "a to per
cent. higher at II o'clock than they closed on
Monday. The belief that the stringency in the
money market is over and that, though rates
for call loans may not be reduced much at once,
there will be a gradual easing of the market
during this month, had good deal to do with
the improvement in the stock market, though
news that the Chicago roads have agreed to ad-
vance rates to the Northwest about 80 per cent.
was special factor in advancing the prices of
the Grangers
The following table SHOWS tine prices or active
day. Corrected daily for THE DISPATCH by
WHITNEY & STEPHENSON, Oldest Pittsburg MEM
bers Of New YORK Stock Exchange, 81 Fourth ave-
nue.;