Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-26
INDUSTRIALS HIGHER.
Distilling and Cattle Feeding Touches
Another High Point
THE RAILROAD LIST IMPROVES
And the General Market Closes With q
Strong Tone Prevalent
NEW ENGLAND ONE OF THE FEATURES

NEW YORK, Oct. 25-The day opened on
the Stock Exchange with buoyant feeling,
owing partly to heavy purchasing move
ment in New England, which carried that
stock up to 40 from As at the close yester-
day. Subsequently the price ran Of to
467S. The general railroad list improved
a to u per cent, but subsequently reacted
and left of practically unchanged from last
nights figures Reading, after selling
off a fraction to 57H, advanced on
animated dealings to 5Ssz. A
reaction to 5S@5SL occurred later Among
the Industrals, Distilling and Cattle Feed
ing was the special attraction, ranging from
Gj1s to 6S3s and closing at the latter, the
highest price ever reached American
Sugar, Cotton Oil and other industrials
advanced anywhere from u to "a per cent
and the only important reactions at the close
were in General Electric, Sugar and National
starch. which receded l@l1 from the high
est. The market closed steady in tone.
The EU a.'lQ Post says: To-days stock mar
buying orders and selling orders at the mar
llet so generally matched each other. The
few initial advances-in St. Paul, in Chicago
Gas and conspicuously in New England
were made suddenly, and seemingly with
view to market for sales In most OF these
stocks yesterdays bull manipulators were
file, and was followed by few hours of dull
ness. New England declined steadily, with
occasional spasmodic rallies, each OF which
WAS greeted by fresh liquidation. The gen.
eral list proving immovable, the spectacle
was presented OF advance. in the Indus
trial stocks. Distillfng certificates, last be-
coming the room traders favorite, led this
movement. Elsewhere fluctuations were
small, and the whole market bore its usual
impress of professional manipulation.
uabaya had a continuation of the buIl
movement to-day, although fluctuations
have again been confined largely to the In
dustrials, Chicago Gas. A c: o., Lead, Sugar
and ID. c. & +. scored fair advances and
showed a bold front in spite of considerable
liquidation. The commission houses were
conspicuously the buyers of the market and
we are inclined to think that there was some
liquidation done by traders and the keene
crowd In spite of this. however, there are
no signs of weakening in the general list and
offerings seem to be absorbed rapidly. Even
the Gould stocks have now joined in
the general advance, and ii the
Gould forces have Joined issue
with the keene crowd the market viii
probably continue to advance until the bull
feeling has been worked up to such degree
as TO permit of more than partial liquida-
tion. 1T must not be forgotten, however,
that we have not had a steady advance of a
fortnight without even fractional setback;
some stocks, such Chicago Gas and Dis
tillers, have advanced 10 points, while
others have advanced in proportion. The
outside interest is probably heavily engaged
and while we do not anticipate any great
stringency in money, the bank reserves are
at a point where cautious men VIII prefer to
go slowly and reaction is possible at any
time.-J. S. Bache Co. to Oakley & Co.
The total sales of stocks to-day were 5000
shares including Atchison, 2057s; Chicago
Gas 90 2S5: Missouri Pacific, ll,2l6: North
western, $3.50; Northern Pacific, preferred,
9G7: New England, 10O.55s; Reading. "a. $50;
ST. Paul, 1896; Union Pacific, 1850: Western
Union 5220