Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-22
NEW YORK STOCKS.
A Much Better Tlay All Around in Wall
Street, Owing TO Easier Money-Rail-
road Bonds Higher Than for
Weeks Heretofore.

weeks heretofore.
NEW YORK, November 21.-The stock mar.
ket to-day was quite active again and at the
same time decidedly strong and even buoyani
at times, and the improved temper to the specu.
lation was continuous throughout the day. the
upward movement being subject to only slight
interruptions. The street was certainly more
cheerful to-day than 1t has been in weeks and
the improvement was general. extending to ali
classes of securities, both stocks and bonds
The bulls, for the first time for months, seemed
to have complete control of the market, There
was increased buying of both stocks and bonds
and the improved condition of financial affairs
in London, together with the positive easy tone
given to the money market here, which was es.
| pecially noticeable. as to-day was Friday. ac
counted largely for the prevalent disposition to
buy.
1t was notable fact that there was scan,
supply OF securities for the first time in
| months. Money was relatively cheaper than
stocks. The news of the day was very favor.
able, and the utterances of a noted broker. who
is supposed to be close to Mr.. Gould. on the DO.
sition of that gentleman upon the market
caused general increase of confidence in the
situation, and from those utterances and the
news from the West to-day the next upward
movement, which seems to have already begun,
will be based upon an advance in railroad rates.
A report from London that there is likeli-
hood of an increase in the circulation there
based upon silver deposited, attracted consider.
able attention and had good effect The bet.
was made at gains at last nights figures of
from,N to per cent, and the foreigners were
buyers, while there was marked disposition
to purchase for the short account by domestic
operators.
There was only one weak point in the market,
and that was Rock Island, which was savagely
attacked and depressed from 641I to 6lI the
attack being accompanied by reiteratIon OF
the trouble at the passage. The pressure was
removed shortly before noon, however, and il
later made a sharp advance, leading the entire
list, giving the whole affair the look of manipu-
latIon upon which to cover shorts in the gen.
eral list.
The latter did not sympathize to any extent
in the drop in Rock Island. but as soon as the
to advance Immediately. The Gould stocks,
the Grangers and specialties of all kinds
showed the lead in the upward movement, and
there was no real interruption of the advance
until the close of business. Slight reactions
were frequent, but each advance carried the
list farther in the upward direction, and the
final prices are generally at or close to the best
of the day.
The market closed active and strong The
final changes are invariably in the direction of
higher figures and the gains are all large in the
active stocks The most important are Sugar
Pacific preferred, 81; G, e., c. ST. L., a77s:
Missouri Pacific, 81; Western Union and
Chicago Gas, each ~; Louisville and Nash
Lackawanna, 23s; ReaGing. 2A; Burlington
and Quincy and Rock Island, each 21s; North
western and New England, each per cent,
and others smaller amounts.
The buying of railroad bonds wasn't the least
marked feature of the market to-day, and for
the first time in weeks the final changes of note
are all in the direction of higher figures, the
strong tone prevailing from the opening to the
close without break. The dealings were
rather larger, amounting to 81. .253 900, and OF
| that amount Northern Pacific IS furnished
SIT. 900: AtchsOn incomes. S145 600: Kansas and
Texas As Sl24 600 and the exas Pacific seconds,
SILL 900. The active issues are materially higher.
| Northern Pacific 5s advanced H to 80; Ohio
| Southern T. to 54 Richmond and West Point
5s 81, to 81; Kansas and Texas A. 2 to 76; Wis.
| consin Central incomes 21s. to 3415
| The Post says: In the afternoon the stock
| market was strong and higher Money was
| plenty and loaned at 8 per cent, and the remark
| was heard in various quarters that stocks were
| scarcer than money. The general expectation
to-day is that the bank statement tomorrow
will show great Improvement, and as the
| foreign exchange markets get into a normal
condition so that cotton shippers will be able
/ to sell their bills against shipments without
payin2 such heavy discounts. money will be-
\ come more abundant than it has been at any
| time this year. An index of the extent to
which stocks have been bought and paid for
| outright. and taken away by investors who
| seldom come into the stock market is furnished
| by the business of two commission houses who
make an exclusive specially of buying and SELL
| ing 'broken lots" of stocks-viz, in amounts
| less than 100 shares, and having them trans.
| ferred on the books of the companies. The
business of these houses indicates that the
| total amount of broken lots' transferred tc
| new and comparatively permanent investors in
| the last two weeks, is not less than 25O, ,00t
shares. These stocks have been paid for in
| cash and taken out of the street.
The following table shows the prices or active
stocks on the New York Stock Exchange yester.
| day. Corrected daily for THE DISPATCH by
bers Of New York Stock Exchange, 81 Fourth
avenue;