Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-21
THE SUGAR TRUST
Leads a Rally In the stock Marker, Fol-
lowed Inter by the CoaIers-The
Benrs on Rnid-Advances


NEW YORK, June 20-The stock market was
much less active to-day, there being less dispo-
sition to trade than on any day for a week past
The news of the day was not of special i'm
portance, though the usual reports of rate.
cutting in the West, beside other troubles,
were talked about; but they seemed to have
but little influence over the course OF prices.
The denial that the Rock Island int tended to
leave the Interstate Association, with the un-
expected buying orders in the market from
London this morning. completely wiped out
every appearance of weakness at the opening
and first prices were generally from "a to "a per
cent higher than last evenings closing figures
The smaller shorts hastened to cover, and the
result was further slight advances in the early
trading. The bears, however, could not give us
the fight so easily, and demonstration was
made against the list. with the result of bring
ing Union Pacific, which was fair mark be-
cause of a threatened strike of its engineers
down nearly per cent. Laekawanna Missouri
Pacific. Reading. Rock Island and Atchison
followed with the general list, showing slight
losses. The force of the movement was spent
in the first half hour, however, and better
tone soon spread throughout the market, with
Sugar Trust leading. 1t reached 1l41s the
highest point vet.
Oregon Transcontinental was helped by the
announcement by Mr.. Willard that he did not
intend to liquidate Transcontinental but pro-
poses III Qu6 Llm6 TO reconstruct the
company on better financial basis,
which will be greatly to the advantage
of the stockholders. The stock rose
about per cent to 81. Dullness became the
most conspicuous feature of the market after
noon, but prices continued to creep up and
the Coalers took the lead in the upward move
ment, which extended to about " per cent,
with Delaware and Hudson and 1ackawanna
leading. The suits to abolish the voting trust
in Reading attracted no attention and SEEM
ingly had no effect upon the stock.
A realizing movement began in the last hour.
and prices moved off quite rapidly in some
parts of the list, Atchison, New England and
Lackawanna leading. just before the close
there was another lot of gold ordered for ex-
port, and this helped the downward movement,
the market closing quiet but heavy and close
to opening figures. The final changes are all
for fractional amounts, with advances in
large majority. Oregon Navigation and West
ern Union sold ex-dividend to-day.
There was the usual moderate business in
railroad bonds and the regular firm tone, with
slight fluctuations and lack of special features.
The sales of all issues reached ST. 6S6 900. Read
ing As contributed S137, 200. the I'd incomes
500, 900 and the Erie 2ds 100000 to the, grand
total. Kansas and Texas consols rs rose ~ to
90A. Ohio, Indiana and Western Eds lost g.
at 40
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 Exc change. 81 Fourth avenue: