St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-25
THE COMMERCIAL RECORD.
Signs Of a Broadening Instead Of Boom
in the Stock Mar
ket.
a Steady and Healthy Rise, the Bust.
ness Done Being Well Dis
tributed.
Even the Trunk Lines Become Prom
inent for the Advances
Made.

NEW YORK, Dec. 24.-Clearings. ST.
676, $50: balances, S., 1907. Money on
cali easy at 30 per cent. Prime mercan-
tile paper. 606l2. Sterling exchange quiet,
but steady at 81. S4A for slxty-day bills and
"a. sS12 for demand. The stock market to-
day gave further signs of broadening and
commission people had more buying orders
than at auy tine during the continuance OF
the present rise, while the selling was prin-
cipally from traders fixing profits the short
operations being reduced almost 10 a mini
mum. There was a steady and healthy rise
throughout the entire dav, no boom being
apparent. but the buying was of the best
character, while the feeling was of unusual
buoyancy, and the improvement as
well as the business done was re-
markedly well distributed. The coal stocks
and the grangers, as usual Of late, were
the leaders. both i'll point of activity and
strength, but they monopoliZed less attention
than they have for the past two weeks, and
the trading in the usually inactive list was
especially heavy, while the number OF shares
traded in was larger than on any day for
some time. The coal stocks started off with
boom, and their prices were rapidly rushed
up from l to 2i3 per cent, but other stocks
soon came in for "a share of the improvement
and the grangers, Missouri Pacific, and even
the trunk lines, became prominent for the
advances made. There was very good bust
ness in Erie and Lake Shore, and they were
both strong throughout. The Northern Pa
cifc grouI became active toward noon, when
the GoulSf ocks also showed more ANNA
ton than usual, and all were in good de-
mand. The bears were quiet to-day, and did
little except covering few shorts, but that
kind of operations was not a factor in the
course of prices, and the bulls had things
almost entirely in their own hands.
The opening prices were from "A to "a per
cent above those of Saturday evening, and
the market became very active Immediately,
while the upward movement became very
pronounced, and especially in the coal
stocks under the lead Of Lackawanna. There
was slight lull in the market, but toward
noon the activity and strength again ap-
peared, and Missouri Pacific and the North
ern Paciics took the lead, and by II o'clock
prices were from / TO per cent above those
of the opening Less animation was no
ticed in the afternoon, and no gains were
made except in LackaWanna and Erie, which
became prominent, but towards 2 p. m the
general list again moved forward and in the
last hour general advance took place, in
which the highest figures of theeday were
reached i'll most of the list. The market
closed active and strong at the best prices.
The advances are large and very uniform,
Northwestern rising 2ls Atchison and Bur
lington 9 per cent each, st. Paul and New
England rs, Lake Shore, Omaha and San
Francisco preferred ia each, Lacka-
wanna 1ss, Missouri Pacific ll2, Della
ware and Hudson. Northern Pacific
preferred and Pacific Mail 1ss each, Louis
Vile & Nashville and Western Union IA
each. Erie and oregon TranscOntinental lbs
each and Reading Chicago Gas and Uuion
Pacific l per cent each. For the first time in
many weeks the buoyancy and animation in
the share list was communicated to the deal
iugs in railroad bonds, and a decided char
acter was shown by that market. Prices rose
all around. and the sales of all issues reached
S1.6O9. 900 for the day, while the Reading
issues again became prominent for activity,
and the first incomes contributed Sl6S,0uO
and the seconds sos, 900 TO the grand total.
There was no special features of marked in
terest. The total sales of stocks to-day were
3I2, 292 shares including:
Del, Lac. IL " "a. 3o0New England 1878
| Erie .........2 "a ,297 Ore. Trans. 10,S13
Lake shore IS $50 Reading ....55, $50
Louis. q Nash. 1913 Rich. 4 ". p. $3.50