Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1886-01-01

WALL STREET.
Resume OF L st Years Dealings in Rail-
road Stocks.

Resume of L st Years Dealings in Rail-
road Stocks.
NEW YORK, December 31.-The year
which closes today will be long remem-
bered in Wall street. During the first six
months there was very dull market, with
an advance of active stocks OF less than 2
per cent on July 1st as compared with OPEN
ing quotations. From that time, however,
until the latter part of November there was
persistent and almost continuous upward
movement, which results in a net average
advance for the most active stocks of about
25 per cent, and in some instances the gains
were considerably larger. A moderate re-
action later in the year has since been fol-
lowed by very firm but some
what active market, and the year
closes with confident belief in
Wall street that prices will be higher than
have been seen at any time in 1885 at no
no distant date. Some idea of the general
activity in the stock market of late may be
obtained from the statement that the total
sales for the past eleven weeks have been
equal to the business of the first six months
of the year. An analysis of the years
operations shows that Lackawanna and St.
Paul alone contributed one. quarter of the
years business, and the following sixteen
stocks, each of which contributed 100000
shares or more, S6 per cent Of the years
business: St. Paul, l2,4O43O7; Lackawanna,
12,2S9.S2O; Lake Shore, 8999,252; North,
western, 6,5S5, $685. Union Pacific, $780,, ,1O1;
Western Union, 6.011,4 ,476; New York Cen
tral, 5.1O5,O66; Pacific Mail, $3,60S,477: Mis-
souri,, Kansas & Texas, 3,391, ,521; Erie,
2s87O,0l2; Northern Pacific preferred, 2,691,-
1898; Louisville & Nashville, 2,407,779; Ore
gon Transcentinental, 2,234 ,999; Jersey Cen
tral, 1,O14,7l7; Texas Pacific, 1,5SS,sO6;
these sixteen stocks at the beginning of the
year was 454, and the lowest average was
4O&, and tonight the average price is 6236
The smallest decline from the highest
prices have been made by the anderbilts,
but the Northern Pacific, Oregon Trans
continental and Pacific Mail follow closely
behind.
The railroad bond market has sympa-
thiZed with the improvement in the price
of shares. The total sales for the year
amounted to about $66S0O0,000. Erie sec
Ond consuls and West Shore firsts, and re-
Gently the guaranteed fOurs have been most
conspicuous for their activity. At the be.
ginning OF the year west ShOre nrStS were
selling at 39T, today the guaranteed fours
closed at an equivalent Of 51I; Erie sec
onds at the opening of the year were at
575s and this evening closed at 91M. The
totals of all stocks dealt in on the stock eX-
change for the year amounts to 92,141,O56
shares, against about 95,000,00O shares
during 1884.
The report of the clearing house for the
year shows exchanges amounting to $685.
152,2O1 1886, against $90985,S71 10 in 1884,
and the balances for 1885 were 81 1856, ,470, ,655
against 81 All 1861 ,414 for the preceding year.
Money has ruled easy throughout the year.
with most of the call loansmade at 1a3 per
cent. Never before in the history Ut the
banks have they reported anything ap-
preaching the amount of idle capital seek
ing temporary Investment that has been
shown in their weekly statements through
out the greater part Of 1855.