Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-26
WALL STREETS REVIEW.
STOCKS STILL ACTIVE BUT NOT SO
MUCH so AS YESTERDAY,

Union Pacific, Missouri Pacific and Canada
Southern the Leaders, Closely Followed
by Several Others-The General List
Strong-Railroad Bonds Quiet.
NEW Y DIRK, Sept 25-The stock market to-
| day was not so active as that of yesterday,
but it was still an unusually active market,
| while displaying temper in marked con-
| trast to that of its predecessor. The whole
! list with only one exception, was decidedly
| strong, and the operations of the day showed
| that the desperate attempt to break the
| market yesterday was a complete failure.
1t was also demonstrated that the attempt
| resulted only in a large increase in the out
standing interest, which in some stocks NAV
| be judged from the fact that notwithstand-
| ing that money was in active demand at 8
| per cent throughout most of the day, the
bears were compelled to pay lS2 for the use
| of Union Pacific in order to make their de-
| liveries.
The scare among holders was exceedingly
| short lived, and after the opening this morn
| ing there was an excellent demand from oil
| portions of the world. Union Pacific, Missouri
| Pacific and Canada Southern fairly led, fol-
lowed by Rock Island, Lake Shore, Wheel
| ing and Lake Erie common and preferred
| Burlington, Atchison, and Louisville and
Nashville. Union Pacific and Missouri Paci-
| fic were the centers of attraction, and while
| the transactions in Atchison were larger
than those in Missouri Pacific its fluctua-
| tfons were by no means so important The
! dealings in Union Pacific, however footed
up to n larger total than those in any stock
| since the present upward movement began
The Changers and Wizards were again good
| second in the market but the Vanderbilts
| showed the most strength, and Canadian
| Southern, Lake Shore and Chesapeake and
| Ohio shares made most substantial gains on
comparatively light transactions
Union Pacific, after more regular and
| feverish opening, was again attacked,
| and drop of l]3 was made, its lowest price
being 3S51 but Missouri Pacific was strong
| from the outset and steadily mounted until
| it had touched 69l4, a gain of ~ from its low
| figure of yesterday. Union Pacific, how
ever, soon Joined the processio and rose
| AZ per cent to 1875. The remainder of the
| list made substantial progress, and before
| the advance eliminated losses were about
recovered. There were realizations in the
afternoon, but the best prices were we'll
| held, Notwithstanding that the two leaders
reacted materially.
All excitement died away toward the end
| of session and the business became very
| small, but the market finally closed active
| and strong ut or near the highest prices of
| the day. Among the active stocks Union
| Pacific is up "a; Missouri Pacific and Canada
| Southern, 23R Lackawanna, 2LS: North
| American, 2; Atchison, 1A, and Reading, l5s,
| the rest of the list generally showing gains
| of from to ~ per cent.
Railroad bonds were again comparativcly
| quiet the sales of all issues reaching only
| Sl,57s, ,00S The market failed again to SYM
| pathiZe with the movements in shares, and
while the tone was strong there were few
| important movements, and the general list
is only slightly higher this evening The
following were the highest and closing quo
tationS: