Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-28
NO REACTION.
Stocks Hold Lnst Weeks Advance and Add
n Little to It-Some of the Special.
ties Develop Grent Strength
Leading Fentures,

HOuuthB HcutuFeBs
NEW YORK, May H.-The stock market
began the new week with continuance of the
strong tone which characterized it throughout
the last week. while the broadening of the
speculation was very marked and the volume
of business was still larger than on any day of
last week, with the result of leaving the entire
list somewhat higher than on Saturday. The
buying still continues from the commission
houses and the steady absorption of stocks is
sufficient TO check any and all manipulation for
a depression. There was some reaction at
different times to-day, and the selling of Lon
don with the suspected selling by Chicago at
one time gave promise of making material
setback to the advance. but the demand was
SO strong that the impression made upon the
list was for slight fractions only.
The Union Pacific report was bear argu-
ment but the re ports sent out from Chicago
were all very buoyant in tone, and the effect of
the report was but slight. A feature of the
days operations was the extraordinary strength
shown by several Of the Specialties and low
priced shares, of which Chesapeake and Ohio.
Lake Erie and Western preferred and the
vances made. Almost all the important gains
OF the day are in this class of stocks hut the
general list shows but few declines and they
are entirely insignificant The market opened
this merning with first prices from H to X per
cent above Saturdays closing figures, and in
the early dealings further fractional advances
were made over the opening figures
The specialties early came to the front while
in the active list Louisville and Nashville and
Missouri Pacific were specially prominent for
strength. A slight setback was experienced
toward IL o'clock, and this was the case after
every upward movement throughout the day
put the impression made at any one time was
inconsiderable. The prominent stocks were
one after another taken in hand and advanced
which, with frequent reactions, gave the LIST a
somewhat feverish and irregular appearance
but the market finally closed active and strong
generally at about the best price of the day
The important gains for the day COMPRISE
Chicago Gas, 31s: Lake Erie and Western ore.
ferred, 21s; Chesapeake and Ohio first pre-
feTred. 2H, and Louisville and Nashville and
Wheeling and Lake Erie preferred, per cent
each.
Railroad bonds were only fairly active TODAY
the sales Of all issues aggregating $l,74 900, Of
tributed $lll,0O0 and the Ohio Southern in.
comes $l28,0 The tone of the market was
generally strong, but there were several weak
spots, and the final changes, like those in
stocks show some declines, and the advances
for the most part are for fractional amounts.
Rock Island skies rose ~ to 1867. Metropoli-
tan 81 to lily, and Manitoba seconds OK to
III. Keokuk and Des Moines firsts lost 4 at
l0%.
The following table shows the prices OF active
stocks on the New York Stock Exchanre.
Corrected daily for The DIsPATCH by Whit
ney d Stephenson, members of New York
Stock Exchange. 81 Fourth avenue:
Open High Low ing ing.
80, inS esL est BIDS.
4seh.. zi e'i'SS ToD. S +. f.. f.: ~ n lx a. " "