Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-26
THE FOREIGN POOL
Gives a Fresh Impetus to Trading In Rail-
road shares-Strong on Louisville
and Nashville-A Drop aad
Rally in Sugar Trust.

Rally in Sugar Trust.
NEW YORK. September 25-The stock mar
ket to-day was but little different from those
of the past two weeks, and while dull and
stagnant for the great majority of stocks few
specialtles showed even greater strength or
weakness. The London market was remark
ably strong this morning, and especially for
Louisville and Nashville. which, it is believed.
the foreign pool intended to keep up until the
Sl30O0,000 new stock has been taken. That
stock the feature of the forenoon, and in
London was up Us per cent, last nights price
here, and though it opened at an advance OF
only Il per cent, at 1871. it was forced up to
w, and held in that neighborhood through.
out the day. Its activity was by far the most
remarkable feature, and it furnished nearly
a quarter of the entire dealings in railroad
shares.
The rest Of the market did not respond to the
strength In Louisville, and Sugar Trusts, after
opening down q, retired to VIZ, the lowest
the loss when the general market began 10
mend. The bears brought considerable pres
sure upon the list in the forenoon, and Burling-
ton, Lackawanna and Northern PACING
preferred were specially weak under the
attack. Tennessee Coal, however. was the one
strong feature of the general list and under
what looked like pool manipulationit it advanced
from 52ll last evening to 551z, and then on sales
OF only 600 shares declined to 52%.
As on yesterday, the rates of money were
held high in the forenoon. but relaxed later in
the day, and in the afternoon the bears also re-
laxed their pressure upon the market and
better tone was soon felt all around. The ad-
vances outside of the specialties, however.
were only fractional, though some material
gains were made in few stocks, among which
Manitoba was most conspicuous. Jumping from
lll71 to ll5. the rise being accompanied by re-
newal of the rumors of an advantageous alll-
ance with some other road. Union Pacific was
also feature in the last hour on the report of
an increase in the net earnings for August of
S327,736. The other specialties which showed
great strength were Canada Pacific, Denver
Texas and Fort Worth, and Milwaukee, Lake
Shore and Western preferred.
and while there was slight recession from the
best prices, the close was firm, generally at
fractional gains for the day. The final changes
are almost all in the direction of higher figures.
Denver Texas and Fit Worth rose 13l, Canada
Pacific and Union Pacific each IL, Tennessee
Coal and Louisville and Nashville each !, and
Manitoba 81.
Railroad bonds were little more active, the
sales reaching 1874, 900, but the Louisville. New
Albany and Chicago S. which were the feature
of the day, contributed S135.000 to the total.
tuations, outside of the bonds mentioned, were
confined TO small fractions. The Louisville 5s
opened at l04A and rose to LOG on large transac-
tions, closing at the top figure, gain of N per
cent
The following table SHOWS tine prices or active
stocks on the New York Stock Exchange yester-
day Corrected daily for THE DISPATCH by
WHITNEY & STEPHENSON. oldest Pittsburg mem
bers of New York Stock Exchange, 81 Fourth ave-
nue.: