Morning journal and courier., 1889-09-28
Et11anItaI.
The Market at Last Wakes Up and Creates Lots of Excitement, bus the
 General Result is only Fractional. |

II no 0s Aabs W 0AOS OP "AAN
 Creates Lots of Excitement, but tho
 General Result is only Fractional.
 NEW YoRx. Sept P.
 The stock market was more active to-day and displayed more character than 1t has for many months and the dealings were attended by much excitement. The final result of the days opera. tons, however, were generally only fractions. The feeling this morning was very hopeful, not to say confident, and higher prices In London with good buying from that center with the continued favorable returns of earnings, were influential in establishing higher range of values at the open ing. The market displayed a decided broadening tendency, the number of stocks traded in during the first hours of business being larger than at any time this year, while the volume of business was on Q corresponding sca.e The local bull leaders were moro active aud the increase in the number of orders executed for outsiders was very marked Rumors from Boston in regard to the presidency of Missouri Pacific made that stock the leader In the early dealings and it was soon followed by Lacka- wanna, while Manhattan marched upwards on ru- mors of settlement of the claims of property own CTS against the company. Pullman also displayed unusual strength on light dealings, and Michigan Central joined the procession. Sugar Trusts were still weak and made material decline in the fore noon which extended to about three per cent, but it seemed to have no effect upon tho regular list. After 12 o'clock however, there were ugly runners ahoat In regard Atchison, and 1t stated that 6 financial plan fo the rehabilitation of the com. pany would prove 0 failure, nscessitating receiv- ership, default on the October interest, also promised, while the reorganization scheme was to include $lo assessment There was a flood of the stock and break was started which only ceased when the stock had dropped something over four per cent. Denals of the stories were made, but seemed to help the stock but little, and when the selling movement had exhausted itself the rally was feeble and could not hold. Sugar Trusts. which had given signs of inside support, were down again, and it's extreme loss sI6 per cent. These movements created great uneasiness In the room and the pressure to sell extended to all portions of the list, and before delivery hour all the advances of the forenoon were wiped out and in moat cases fractional losses in addition were sustained The selling craze came to a halt toward delivery hour and a reaction began which made some progress, notwithstanding the fact that money was bid up to 10 per cent. The activity disappeared from the market and the movements became limited to small fractions generally, though in the case of Manitoba most pronounced strength was developed and 1t rose 2h per cent. Manhattan, Jersey Gen. tral and Delaware and Hudson rallied sharply, and Sugar rose from s79s to 90 and Atchison from s4a1 to 36. The improvement in most of tho list was slight, however, and the tone of the market at close was unsettled and rather heavy.
 Railroad bonds responded to the improved feeling with more activity and more decided tone, though the decline in the afternoon was also from small fractions. Total, $I. .e12,OOo There were no marked movements during the day and the final changes of importance are confined to the inactive issues.
 Closing prices reported over the private wires of BUNNELL q SCRANTON. Bankers and Brokers:
 RiA Asked. Atchison. Topeka. & Santa Fe.... 35}< 25sk Am. Cotton seed oil. ............. 46X 4916 Alton & Terre Haute. .............. 4e 4SH