Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-14
GROWING MORE ACTIVE.
WALL STREET vERGES ON DULLNESS
TILL NEAR THE CLOSE.
Then Prices of Shares Begin to Stiffen-The
Coalers and Industrials Continue to Be
the Strong Features-News Favorable
and No Selling Pressure

Then Prices of Shares Begin to Stiffen-The
Coalers and Industrials Continue to Be
the Strong Features-News Favorable
and No Selling Pressure.
NEW YORK. Nov. l3-The stock market to-
day was quiet and even duh the greater por-
tion of the session, but became more active
in the late trading, while stiffeuing up under
an increased demand for both sides of the
account. There was throughout the day q
| good demand for stocks, while the offerings
were very light, and Notwithstanding the
| dullneSs Il firm to strong tone prevailed, and
before the close of business prices among
| the few active shares had been forced up
materially.
The news of the day was all favorable
| There was not in any part of the day any
| important pressure to sell, although con-
| siderable selling by the foreigners and trad
| erS gave the opening a weak appearance,
and the suspicion was uttered that the bears
| were up TO the old trick of employing arbi-
| TRACE brokers to sell stocks in order to buy
| in under cover.
The rumors of trouble in the anthracite
| coal trade were still circulated, but a short
| interest of some magnitude was developed
| in the Coal shares and further selling was
| frightened of. resulting in the development
| of a considerable demand for those shares ut
| advancing prices, and as their losses have
been very material in the last few days their
gains to-day were proportionate. Following
them III strength came the 1ndustrials, es-
pecially Sugar, Cotton OIL and Distillers. In
the general lallrOaO l1SG however, CONSIDER
able strength was seen in the Vanderbilts
Wheeling and Lake Erie and Union Pacific,
the actual earnings of the last-named for
September having exceeded the estimate.
As rule, however, the great majority of
the list were duh and held within narrow
limits, though sharing in the advance, which
extended to all portions of the list. North
ern Pacific preferred, also, displayed
marked strength after its early weakness.
The market opened lower but rallied i'm
mediately, and prices rose slowly but
steadily throughout the session, no setback
of any kind occurring, and the upward
movement became more pronounced in the
last hour when the smaller shorts came in
to cover in earnest. The close was active
and strong at the top figures. The final
gains of note include: Jersey Central, 2;
Sugar, Ia; Reading and Cotton Oil, each
IA: Lackawanna, 15s: Rock Island and
Distillers, each l3s; Wheeling and Lake
Erie preferred, IL: Delaware and Hudson,
IA and Western Union and Canada South
ern. each per cent.
Railroad bonds displayed more animation
without scoring any material gains in the
general list and while the transactions were
very widely distributed, only Atchison in
comes and Mobile and Ohio As showed any
marked activity. The last named bond was
one of the strong features, rising, while the
only other material movement was in Read
ing. The total days business was sl,5f6. 900.
The Iii chest and closing quotations were:
Il, ;,, 10 q A. Do al Cow St,o,y