Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-02-03
NEW YORK STOCKS.
An Active and Strong Market, the Goulds
and Grangers Leading-The Only Reason
Assigned for the Boom Was the
MANY Outside Inquiries.

NEW YORK Feb 2-The stock market to-
day was more active and strong, the strength
shown being entirely out of proportion to the
increase in the volume of business. The i'm
proyement in prices was well distributed, but
the strongest stocks were Lake Shore, Man
HAITIAN. Wheeling and Lake Erie, both common
and preferred, Western Union, Missouri Pacific
and Pacific Mail. 1t will thus be seen that the
Gould stocks were the leading group of stocks
in the market. but the Grangers especially the
corn roads and the Vanderbilts were not far
behind. There was no news of special import
ance to boom the general list. out brokers re-
port more inquiry from outsiders
The opening this morning showed a stronger
and more confident one and Lake Shore started
the upward movement the traders detecting
what they supposed to be inside buying. This
induced considerable covering of shorts and
the brokers who have been short OF the market
for some time were prominent in bidding upon
nrices all through the day. The result disclosed
the fac; that the short interest in the Grangers
was larger than generally supposed, taking
into consider alton the limited market we have
had for the past two weeks, and Burlington
and Rock Island early became features in the
upward movement.
bill was likely to come up again started Pacific
Mail again, and the announcement that the
Manhattan Company directors had decided to
take the Suburban Rapid Transit from the
boom, and it scored the largest advance of the
day. Wheeling and Lake Erie showed good
buying all the way out, aud on comparatively
light transactions scored material gains. The
sluggish stocks were the Wizards. New England
and the Industrials. but none of these failed to
make some sort Of gain. Silver was COM
paratively quiet. and yielded slowly. making
only small fluctuations during the day. The
stock of silver in this city continues to accumu-
late slowly, but holders are reluctant to sell.
hoping for more favorable developments in the
near future.
The advance was subjected 20 several halts,
caused by realization of the profits accrued by
the trading element, but while the best prices
were shared in the last hour by this means, the
close was steady to frm, while quiet at the
close to the highest prices of the day. The
final changes are almost invariably advanced
and Manhattan is up ~: Rock Island, ~; Bur-
lington, Ia; Jersey Central and Western. u
each: c., e.. c. ST. Louis, Lake Shore anu
Union Pacinc, each 1sf; ST. Paul, Louisville and
Wheeling and Lake Erie preferred, each III,
and others large fractions. Railroad bonds
were quiet. ana, while generally strong, showed
no material move in either direction, though
there we're few marked gains among the in
active issues. The total sales reached ST. 49S 0O0
Government bonds have been dull and steady.
State bonds Fave been dull and fearureless
The following table shows the prices OF active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY a STEPHENSON oldest Pittsburg mem-
bers OF the New York Stock Exchange 81 Fourth
avenue: