Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-16
BUYING FOR INVESTMENT.
CHICAGO GAS STOCKS FIGURE THE
MOST PROMINENTLY.
New York Central Also Active and Strong
The Share Market Barren of Other Fea-
tures-A Northwestern Railroad Deal
Bonds Comparatively More Active.

New York Central Also Active and Strong
The Share Market Barren of Other Fea-
tures-A Northwestern Railroad Deal
Bonds Comparatively More Active.
NEW YORK. Dec. 15.-The stock market to-
day was still only moderately active and,
for the amount of business done. exhibited
less feature than for any day for some time.
The strength, however, remained unim-
phired throughout the session, and while the
advances are not marked, except in one or
two cases. they are general and uniform.
The Vanderbilts. the Changers and the spe-
cialties monopolized the marked move
ments, while the general list moved slowly
and quietly throughout the day.
The feature of the transactions was the
continued buying for investment and the
activity and strength in New York Central.
The expectation has become quite general
that per cent will be declared on the stock
for the year The final deal between the
Milwaukee, Lake Shore and Western and
the Northwestern caused the selling of the
latter to some extent, but without making
any impression on the price, while the for
mer advanced another ~ per cent on the
actual transactions. There was large buy
ing of Rock Island, but the realizing sales
were sufficient to prevent its getting much
above 81, while the trading in other Gran
gers was very moderate and marked by no
feature of interest. The movements in the
other Vanderbilts were not specially i'm
portant, and while Canada Southern and
Michigan Central were strong they were
kept within comparatively narrow limits.
The strong point in the list to-day, how
ever was Chicago Gas, which was OF only
the most active but scored the most i'm
portant gain of the day. The buving was
largely for the long account, and while the
traders were inclined to take profits on the
advances the demand was most urgent and
the advance rapid, especially during the
forenoon.
The close was quiet, but firm to strong at
or about tile highest prices of the day. Al
most all the active stocks are fractionally
higher, but Chicago Gas is up IL per cent,
and Milwaukee, Lake Shore and Western
preferred, ~.
The total sales OF stocks today were 1921 OIL
shares, including: Atchison, LILO: Canada
Southern, 600; Chicago Gas, 1880: Erie, 15,-
IS5; Louisville and Nashville, 4,5o5; Missouri
Pacific, $500: Northwestern, 5,029; New York
Central, 4,4S0; Northern Pacific preferred,
II 900: Richmond and West Point 5000; ST.
Paul, TO- 800: Union Pacific, 1900.
Railroad bonds were comparatively more
animated than stocks, and the dealings
showed the usual wide distribution without
any special prominence in any one issue
outside of the Chicago and Erie incomes,
which contributed $249, 900 to the DAVIS total |
business Of So, 900, 000 The bonds mentioned
were especially strong and scored q net
gain for the day of "a per cent, closing at
47c, the highest price they have attained. !
Many other marked advances were made, |
and Hooking Valley 6s rose ~ per cent to |
9215; Louisville st. Louis and Texas firsts, |
per cent to Sc; Norfolk ana Western, c. V. |
5s, per cent to 9H, and some others of |
like character.
The following table shows the prices of active !
Corrected daily for TIE DIspATCH by WHiTSEW& 4 |
STEPHENSON, Oldest Pittsburg members of New |
York Stock Exchange, 81 Fourth avenue.