Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-28
EASIER MONEY
Causes Rally In Stocks-A Few Weak
Spots Revealed during the Dav, but
the Active List Closes Higher
-Ronds Rrncs Tn


NEW YORK, August 27.-The stock market
was more active to-day and a generally strong
tone prevailed which caused a small and
healthy appreciation in values and in some of
the specialties material gains. There was a
general expectation that the rise of yesterday
was to be continued to-day, and the opening
was made at prices generally from "A to * per
cent better than last evenings figures, bus the
advances of the past two days were sufficient to
cause some realizing by the trading element
and the western operators were sellers to a
limited extent which checked the upward
movement and even brought about a slightly
lower range of values. There was no news of a
character to have any positive effect upon the
market and after the selling movement was
over the usual extreme dullness ensued The
Northern Pacifics and especially the preferred
were well held, however. on the prospects un-
Ger the new mortgage and the good statement
OF earnings for July, and Atchison was bought
1or Boston account being more active and
stronger than for some time back
ABOUT noon 1t was announced that over a
million more bonds had been offered at the
secret price which stimulated the bnying again
and monev which had ruled firm TO 5L per
cent eased of. The market responded iInine-
dlately, and the noon prices were generally the
lowest lowe oi the day, and 81. Paul, Northern Pa
and tennessee Coal, all became prominent for
activity and strength. Rock Island approached
W within >sc OF par on sne receipt of the large
traffic enjoyed by that road. The bulls showed
no disposition To force matters much. which
were allowed to take their course and in the
general list there was slow and Gradual ap-
probation in values, lasting until the last hour
when again disposition was shown to realize
upon the early gains, when the announcement
was made that the Secretary of the Treasury
had accepted the large amount OF s.. $4,000
bonds and this stopped the selling. and the
market again became active and strong. The
close wac generally at about the best prices of
the day, There were few final losses but
they were for Insignificant fractions only and
almost the entire active list is higher this even
ing, though the advances over last nights fig
ures are for the most part confined to small
fractions Chesapeake and Ohio q preferred
rose 1ss; Cotton Oil, ~, and Rock Island, IL.
The bond market was also somewhat active.
the sales of all issues being S90l, 900 of which
the Rock Island IS furnished S235 OOO The tone
of the dealings was firm to strong throughout
the entire day, and most of the final changes
are in the direction of higher figures. thongh
the number of issues traded in was small and
the trading was devoid Of feature of specal
interest Houston and Texas lists lost 90 at
l2O. -
The following table SHOWS the prices or active
stocks on the New York Stock Exchanr re vester-
day. Corrected daily for THE DIsPATcH by
WHITNEY STEPHENSoN. Oldest Pittsbure MEM
bers Of New \ ork stock Exchange, 81 Fourth ave-
nue.: