Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-13

sales Tor London were for the short account
was openly expressed. The loaning rates for
stocks have been very high and the inquiry has
oeen very urgent, which would go to give color
to the suspicion. Money was still tight at the
exchange and premium of H was exacted
Tor nse over the day. while IL was believed that
banks were loaning to their customers on salts
factory collaterals at rates even lower tnan the
legal figures. The buying throughout was OF
the most confident character and reflected an
eral situation
The report that Mr.. Gould had acquired con:
trol OF the Union Pacific again was used for all
IL was worth. The stock showed no response
70 the story, and to-day was only fairly active
@ ana moved over comparatively narrow range.
dnore were reports that the North American
company was in trouble, and while the
omcers announced that they had tided over
tnelr engagements the stock was sold heavily,
and, although taken freely, failed TO advance
with the remainder of the list, and was espe-
clally sluggish in comparison with the Northern
Facifcs. The transactions in 1t, however, were
on an enormous scale and affected Dut one
tiles,
The general list was very feverish, which was to
De expected under the circumstances: Dut tnere
was an almost continuous advance In prices
from the opening to the close. The early Lon
oon figures showed again a marked improve
ment over ours of last night. and we folio Ted
with advances of from to per cent. and al
though the selling was very heavy in the early
trading the demard was such that the list
Ialled to go much under the opening prices.
The principal adverse influence at the time was
the sales for the account of the suspended
nrms, but even this was successfully overcome
toward II o'clock.
The Northern Pacifics took the lead immedi-
ately in the upward movement and before
noon the entire list followed, placing prices on
a materially higher level. The gains extended
to everything traded in, and the fluctuations
In few of the specialties attracted consider
able attention. Pullman dropped to l6S. the
lowest price for long time but recovered at
the close to 1856. Other movements were on a
smaller scale but sufficiently large to cause a
recovery of most of the losses of yesterday.
The market became much more settled in the
afternoon, ana comparative dullness was seen
at times in the list. They were not OF long
duration, however, and the buying movement
took on increased force toward the end of the
session, and the close was active and very
| strong at about the highest prices or the day.
The final advances are almost invariably for
material amounts, the gain of fractions being
the exception. Northern PACIFIC preferred is
up per cent, the common 2A; Wheeling and
Lake Erie preferred, 4; common, IA; st. Paul,
33s; Burlington and Quincy, 81; Sugar Refiner-
les and Cleveland, Cincinnati. Chicago and st.
Louis, 81; Union Pacific, 32s; Atchison, 21s;
Koek Island 2s; Missouri n,on Paoc M New ,hs
| others smaller amounts
Railroad bonds were again active. and dis
PLAYED firm to strong tone in close sympathy
with the dealings in stocks, and, while many
issues show losses from last previous sales,
| they are those which have not been traded in
for some days. The active issues are almost
| invariably higher tonight, and the close was
| marked by the same strong tone as that in
stocks. The sales of all issues reached So, 49,
| 600; but of that amount Kansas and Texas
firsts furnished Sls3, 600; Richmond and West
Point IS. sl4l 900; Northern Pacific 5s, $780, 00O
Texas Pacific second incomes. Sis. .OCO. and the
| Atchison incomes, $3.50 Hooking Valley IS
rose ~ to 791S; Texas Pacific seconds. 2 to 3411
Richmond and West Point trusts IS, 8, to IS,
and Iron Mountain 2a. to SSJS.
The Post says: There is one point that is
worth keeping in mind. and that is that the SELL
ing of stocks here for London account up to
Monday was largely for short account. One
evidence of 1t was the large borrowing demand
for stocks there for delivery yesterday, which
was the first of the three days Of the forrnightly
settlement.
The following table sh ows the prices or active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY Il STEPHENSON, oldest Pittsburg mem
bers of New York Stock Exchange, 81 Fourth
avenue: