Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-29
STOCKS FEvERISH.
kariy Strength Dissipated By Free Reaiiz-
ipg-Money Easier-Northern Pacific
Makes spurt-Only a Few
Imeortant Chnnges-
Bonds Quiet and

Firmer.
NEW YORK, August 28.-The stock market
throughout the day was fairly active and
feverish, with specialties showing marked
strength or weakness and the gem
eral list fairly steady with gen.
eral upward tendency in the fore
noon. which gave way to retrograde move
ment later in the day. The result of the ousi-
ness done is to leave most of the stocks traded
in slightly lower than last evening. There was
no news of a character to affect values beyond
the resignation of President Strong. Of the
Atchison. which had the effect of making that
stock more active than usual Of late and carry
ing up its price fractionally.
There was more ease in the money Market
this morning. and considerable buying. espec-
tally for short account, was done. but this was
met by free realization on the advances Of the
past few days. and an irregular and feverlsn
market resulted. A few specialties made very
pronounced movements. The great feature OF
the day was the activity and advances In the
Northern Pacific stock upon talk Of the various
schemes of Mr.. Willard. which point to higher
values for the stocks and bonds of that COM
pany. The rise in these stocks also carried up
Oregon Transcontinental later in the day,
though its response TO the improvement was
very feeble.
The expected advance in coal prices was the
occasion of a further Improvement in theCoal-
ers. though Reading was an exception. Jersey
Central, however, moved up to1 1-l6 The Trusts
were almost all out, and Cotton Oil and Sugar
both scored material losses. Cleveland. Colum-
bus, Cincinnati and st. Louis was the weak
spot in the regular list. and IN the afternoon
made drop of nearly per cent, though por-
ton of the loss was afterward recovered.
The Grangers were generally active, Dut
moved up and down within narrow limits, and
the final changes are Insignificant The open
ing was strong at advances over last nights
excellent demand further advances extending
to u per cent, were scored in the early trading.
The high prices were met by freer offerings,
however, and reactions were frequent. Rock
Island showed special weakness IN the first
hour. Jersey Central led the upward move
ment, and was Joined by Lackawanna toward
noon, and the Northern Pacific became prom
inent for both strength and activity.
The drop in Cleveland, Columbus, Cincinnati
and ST. Louis changed the general temper of
hour there was quite drop in the general list
upon free reallzations. The news of the fur
ther purchase of nearly a, O0.00o bonds by the
Treasury, however, rallied the list at the close,
final changes are advances of 2sk in Northern
Pacific preferred, the common l% and Jersey
Central IL, while Cleveland. Columbus, Gin
cinnati and st. Louis is down ~ cotton oil
u and sugar "
ing S97S 600, of which $1l5, 900 were in the Rock
Island. The tone of market was 6rmer. and
most issues traded in to-day are higher to-
night Decatur and Evansville seconds rose z
to r.
stocks on the Kew York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY q STEPHENSON. Oldest Pittsburg MEM
bers of New York stock Exchange, 81 Fourth ave-