Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-25
CLOSED WITH A BOOM.
WALL STREETS CHRISTMAS STOCK
ING WELL FILLED.

A Short but Very Active Week Ends With
the Best Figures, Both in Shares and
Bonds-New York Central Takes the
Lead Now.
NEW YORK, Dec. e4-The stock market
completed a short but active week to-day
with the largest business of the week and a
strong tone throughout the list, with special
buoyancy in few stocks which were aided
by special causes. The business was espe-
cially large in view of the fact that London
had a holiday, but foreign houses were
liberal buyers, especially of Richmond and
West Point, and while a great deal of the
some quarters to the covering of the shorts,
there was no lack of buying by insiders in
the more prominent shares, with n liberal
sprinkling of outside business as well.
In the early trading New York Central
became a leader in a substantial upward
movement, by which it attained the best
prices reached on the present advance, be-
ing accelerated by further rumors in regard
to the size of the expected extra dividend
on the stock next week. Following this
lead came marked gains in Lackawanna.
and Atchison. Among the inactive shares
to come TO the front we're the Iowa Central
shares, Oregon Short Line, Pittsburg and
Western preferred and Omaha, all OF which
made most substantial gains on unusually
large transactions.
In the afternoon, however. heavy buying
of the Richmond and West Point securities
began, many of the most influential foreign
houses bidding for the stocks against
houses usually credited with repre-
senting the insiders. The preferred
oss snSt tSs pn cent while out the
stock and the bonds closed at their highest
figures. The whole list, however, shared in
the Improvement. After the first Jew min
prices steadily approaching for all kinds Of
securities throughout the day.
The opening was rather tame at irregular
changes from last nights prices, but the
strength and activity in New York Central,
in addition to the character of the buying,
soon started the list on the upward march,
and while the stocks mentioned came for
ward and retired in turn, the strength of
the market was never impaired for u mo-
ment. Rcalizations were still plentiful, but
the demand was most urgent at all times,
and the afternoon saw none OF the usual
dullness in comparison with the business of
the forenoon. The close was active and
strong at the top figures, and gave promise
OF a continuation of the movement on the
reopening of the Exchange next Monday
The final changes are all advances though
in most cases for fractional amounts only;
but Richmond and West Point Is up TX,
New York Central ~, and Cotton Oil. North
ern Pacific preferred and Union Pacific each
per cent.
The total sales of stocks to-day were 4o7,-
sS5 shares, including: Atchison, 81, 2,957 Chi
cago Gas. 9,lS5; Delaware, Lackawana and
Western, 779O: Erie, IS, $40; Lake Shore, 1876:
Louisville and Nashville, $500: Missouri Pa
cific, 1910: North western, 3,0l0; North Amer
ican, g. l65; New York Central 223O; North
ern Pacific preferred, 450; Reading, H. 120;
Richmond and West Point. As, l36: st. Paul,
IA 900; st. Paul and Omaha, $500; Union Pa
cific. 1855; Union Pacific. Denver and Gulf,
3,003: Western Union, Il, 1S3.
Notwithstanding the demand for stocks,
that for railroad bonds shows no signs of
abatement, and the largest business of the
season was done in that class of securities
~ q
OOO and out of this the Reading seconds con-
rributed $6s7, COO, the Northern Pacific 5s
s347 900 and the Richmond and West Point IS
$33 900. All the leading active bonds were
specially strong. in contrast to their habit of
late, but the Important advances were more
numerous, even among the inactive issues
than fl- many days West Point IS rose ~,
Oregon Navigation IS, 2 to liz.
The following table shows the prices of active
stocks on the New York Stock Exchange yesterday.
Corrected daily for THE DISPATCH by WHITNEY &
oldest Pittsburg members of the
New York stock Exchange, 81 Fourth avenue.