Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-21
ACTIVE AND STRONGER.
Wall Street Dominated by the Bulls, Who
Give Stocks n Toss-SubsIdence of the
Transcontinental Excitement
Changers and Coalers
Prominent.

New YORK, May 20-The stock market was
more active to-day than on any day since the
Centennial holidays, but there was less excite
ment than during the last few days of last
week, while a firm to strong tone marked the
dealings from opening to close. The traders
were inclined to sell the list on the theory that
the short interest had been entirely eliminated
from the market, and in some shares they did
succeed in causing small reaction and in
others preventing the advance which otherwise
might have taken place. The transactions in
Oregon Transcontinental were smaller and of
less prominence in the market, though the
stock opened with an advance of per cent.
This figure, however, was not exceeded during
the day and the stock afterward declined
steadily until it touched 3814, against 45 at the
opening. Cash sales at first showed differ
ence of about 2 per cent from the regular
transactions, but this difference slowly
5s eoseS az sbo1 q
lowest for the day.
The excitement in that stock, however, was
shifted over to the Northern Pacitics, in which
there was very good buying especially from
Philadelphia, and the traders also turned in to
buy, the rumor being that there was another
contest for the control of that company. grow
ing out of the Transcontinental matter. The
activity and advance in the stock increased as
the day wore along, and in the last hour
the business done was unusually large,
while at the highest prices the advances
were also very prominent in the market and all
moved up slowly on very fair business. The
coal stocks were not neglected and all made
advances, though Jersey Central, Lackawanna
and Delaware and Hudson were most promi-
nent. Union Pacific was rather heavy, though
the stock was not active and did not at any
market. The rest of the list was quiet and
generally firm.
The opening was made on moderate degree
Of activity, and first prices were generally from
u tn u onf IL
prices, and while Transcontinental was per
cent higher, it rapidly declined 6% per cent
though this had seemingly no effect upon the
rest of the list which displayed a firm to strong
tone and advanced slowly The Northern
Pacifics soon came into notice, and the COM
mon started up before noon, while the preferred
did not feel the stimulus until later The SELL
ing of the traders resulted in fractional decline
in the general list in which Chicago Gas was
most prominent, but the losses were confined
to small fractions generally. The Northern
Pacifcs continued to rise steadily, and in the
last hour the remainder also again moved up,
the market closing fairly active and strong.
Transcontinental shows loss of 81 per cent,
and few other stocks are fractionally lower,
but the majority are higher this evening.
Northern Pacific rose 8. the preferred 23S; Man
itoba, ~; Jersey Central, per cent, and South
Railroad bonds were somewhat more ami
mated to-day, and the firm tone which has
marked the dealings of late continued, leaving
most OF the issues traded in fractionally higher
sales of all issues aggregated 81 1872 OOO of which
Duluth, South Shore and Atlantic lists contri-
buted Sl3l, 900, and the Chesapeake and Ohio 5s
$ll20OO Among those which are higher this
evening, Chicago, Burlington and Northern
lists rose 5 to l0S, and Mobile and Ohio new IS
to 1854 st. Louis, Arkansas and Texas lists, ex-
coupon lost ~ at 3, and the ends at 25
The following table SHOWS the prices Of active
stocks on the New York Stock Exchange
Corrected daily for The DISPATCH by Whit
ney g. Stephenson, members of New York
Stock Exchange, 81 Fourth avenue: