Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-10
STOCKS RALLY.
A Fairly Firm aud Active Market-London
Up to New York Fisures-A Drop In
Sugar Trust-smaIi Gains and



NEW YORK, August9.-There was more vim
to the stock speculation to-day and the buying
was of more general nature than during the
past few days, which impaired a frmer and
more pronounced tone to the dealings. There
was very little news of importance to affect
values but the reports from the crops in uli-
nois the action of the Northwestern in restor-
ing coal rates between Milwaukee and st. Paul.
and the additional favorable returns of earnings
were factors in the market to-day. There was
what seemed to be good buying in the Wander
which did much to gives a confident tone to the
buying, and the pools were still active in their
favorites resulting in general though mod
Londonihad gotten over the influence of the
advance in the Bank of England rate, and this
morning was fully up to our figures of last
to x per cent. There was better distribution
of the business done though the special favor
ties such as the Chesapeake and Ohio, the
Cleveland, Columbus Cincinnati and st. Louis
and Lake Erie and Western maintained their
ascendency in the dealings and furnished an
element of strength to the rest Of the market.
London was again buyer in the early trading.
but received but little support from the local
operators until well into the morning when
Missouri Pacific and Nosthern Pacific preferred
became especially active and strong, and were
followed later by Union Pacific.
The Gould properties were features of the
afternoons trading and the Wabashes especi-
ally under the influence of the very fiattering
report of earnings for last month made a
handsome advance. Oregon Transcontinental
also was remarkable fer squirt which carried
it to over per cent and among the other low
priced shares, Southern Pacific, Green Bay and
San Francisco preferred made specially large
gains on small trading. Toward the latter pOr-
tion of the afternoon a selling movement which
was supposed to emanate from Chicago was
begun In Sugar Trust and the pressure was
lifted only with the close of business: by which
time its price had been depressed 80 per cent.
This movement affected to some extent the
rest of the market and concessions were made
from the best prices over the entire list. The
close however was duh but firm at fractional
advances over the opening figures. The only
important final change among the active stocks
was the loss of 81 per cent IN sugar.
The railroad bond market was quiet and the
Chesapeake and Ohio IS and Richmond and
Allegheny lists maintained their lead in the
dealings, the first named furnishing S2S6 600 out
of total of 81. .30S, 900. The market was firm,
but there was no decided tone to the dealings.
ST. Paul gold Is rose to IL, Chicago, st. Louis
and Pittsburg lists to So. and Wabash general
receipts to As Northwestern sinking funds
lost 2 at l20.
The following table SHOWS the prices OF active
stocks or 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.: