Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-31
BEST OF THE WEEK.
Railroad Shares In Good Demand-The
Northern Pacific Deal Sill n Factor
More Life In the Trusts
Nearly Everything
Cloaea Higher.

NEW YORK, August 30-The stock market
to-day was more active than on any day of this
week, and the business was more evenly dis
-tributed; though the same stocks led in the
dealings and monopolized the interest In the
trading. The Northern Pacific deal was still
the great subject Of conversation this morning.
but the buying seemed to have been trans
ferred from the preferred to the common
stock, and the former failed to score any ad-
vance as the result of the days operations,
The Grangers took more prominent place in
the market, and were helped by number Of
circumstances st. Paul being strong on rumors
OF a meeting ca lied to act upon the question Of
a dividend upon the preferred stock. and
Northwestern advanced materially with the
help of large buying orders from Chicago, said
TO be induced py informat1on OF new eS,p steps
Burlington and Northern as disturbing factor
in the Northwest.
The report that the percentage Of operating
expenses on the Burlington and Quincy had
been reduced to % per cent was the principal
favorable influence in that stock, and Rock
Island moved MP on large gains in the earnings
for August. Reading became very prominent
again in the afternoon and on rumors that in
siders had stated that the earnings would show
up more favorably from this time. and buying
for a long time held aloof from the stock The
trusts also showed more life later in the day,
both lead and cotton oil advancing fraction
ally. There was some foreign buying, but it
the day, and the demand for stocks was met by
free realizations throughout the day. The bulls
were very aggressive, however, and no weak
ness was shown at any period exceptjust at the
close.
The opening was somewhat irregular. but
generally higher. and with Northern Pacific
and Atchison in the lead material improve.
ment was made in the first hour. The ad-
vance, however, continued until near p. NJ,
the Grangers, Louisville and Reading and
trusts being specially prominent The market
then became less active, and prices huctuated
back and forth over a narrow range until the
last hour when the realizations began to tell
upon Quotations and small fractional losses
were sustained. The close was dull and rather
heavy, but at material advances over last
nights figures. Almost the entire active list
is higher tonight Louisville and Nashville is
up 1%. st. Paul IL, Atchlson. Northwestern
and Oregon Navigation per cent each and the
others fractional amounts.
The railroad bond market was also more &C
tive to-day, and the sales of all issues aggre-
gated s. 400 900 while the Rock Island IS still
kept the lead Outside of this, however, there
was the same quiet business, with little or no
feature of interest, the tone of the dealings be-
ing generally steady and the important final
changes few In number. Erie funded gold Is
rose to lao.
The following table SHOWS the prices OF 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.: