Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-11
A BROADENING MARKET.
WESTERN STOCKS TAKE THE LEAD IN
THE TRANSACTIONS.
The Our-o-fTown Speculative Element Cuts
No Figure on 'Change-The Industrials
Not Much of q Factor, Though Chicago

The Our-o-fTown Speculative Element Cuts
No Figure on 'Change-The Industrials
Not Much of Factor, Though Chicago
Gas Is Active.
NEW YORK, Dec. l0.-The stock market to-
day was still more active and remained
strong, especially during the forenoon, and
while there was considerable falling off later
in the day the final prices are generally
higher than those of last evening, and q few
stocks show marked gains.
The mannerin which the market continues
to broaden, and the strength displayed, is q
surprise to both bulls and bears as so much
activity was not looked for until after the
end OF the year. The decrease in the rate of
discount of the Bank of England, while con-
fidently expected in some quarters, had its
legitimate effect on prices on the other side
and the London market was buoyant this
morning. Here the widening of the market
was marked by increased business on the
part of commission houses, while some of the
larger traders came again into the market,
their purchases giving great strength to the
early dealings in the leading shares
The out-of-town speculative element, how
ever. was not present in force, and Chicago
and Boston houses did little except in their
become again prominent in the trading, Bur
lington leading in point OF activity through
out the day, while its strength was even
more remarkable, Missouri Pacific st. Paul,
Northern Pacific preferred ana Rock Island
following. The Industrials were not factor
in the days trading, though Chicago Gas
was moderately active.
The opening was steady only, but the ex-
cellent demand soon developed a strong
tone and everything on the list moved up
ward at a moderate gait. Burlington and
some of the specialties, like Susquehanna
and Western preferred rose over per cent,
followed toward noon by sharp rise in
Missouri Pacific. At other times Rock
Island, Chicago Gas, st. Paul, Wheeling and
Lake Erie preferred, Milwaukee, Lake Shore
and Western preferred and Canada south
of these did the Improvement reach more
than a fraction.
~he early demand Stacked or appreciably
toward noon ana after ahs e1at time prices re-
feature of note. In st. Paul and Erie, in
each of which the activity was great the eX-
treme fluctuations for the day were only 10
q per cent respectively. The market finally
prices in most Of the list at close to first
figures. The final changes are generally
small gains but Burlington is up 1S and
Missouri Pacific N.
The total sales OF stocks to-day were $50, 2sO
shares. including; Atchison: 1885: Canada
Southern, 6, 1876; Chicago Gas, II $50: Delaware,
Lackawapna and Western. 81 9l0 Erie, 26 $40;
Louisville and Nashville, S2O5; Missouri Pa
Reading, 1890; Richmond and West Point,
$3.50; ST. Paul, 20 02o; Union Pacific, 5000.
Railroad bonds were again active and dis
PLAYED more deeiaea tone, some OF the new
all parts of the list. The total sales were
$2,276, co., of which the Atchison incomes con-
tributed sl42, 600 Among the movements Of
note was Milwaukee, LAKE ,6a Shore and west
stocks on the STOCK
STEPHENSON. oldest Pittsburg members of the
New York Stock Exchanges ~ Fourth avenue.