Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-29
BEAR. TACTICS, FAIL
THE ATTACK ON n. Y. CENTRAL
DOESN'T DEPRESS THE LIST.

Gould Shares Very Prominent in the Deal.
ings-Realizing on Last Months Profits
Makes a Heavy General Market-Bonds
Still Active and Well Distributed.
NEW YORK, Dec. 2s.-The rise in stocks was
not, in general, commensurate with the
amount of business done, and the advance
was not so steady as it has been for the last
week or two. The demand was in a great
measure made by the shorts who put out
their lines during the last week: but while
the new bnying WAS large and influential
the realizing on the profits accrued during
the last month was sufficient to give the
market heavy temper 1T times, and some
of the leading shares are even fractionally
lower this evening, while New York Central
is actually over per cent lower.
The Gould shares were more prominent in
the dealings than for some time, while they
were also the strong features of the day
Missouri Pacific taking the lead in the fore.
noon and Union Pacific. toward the close
coming up with q rush that placed it upon q
materially higher level than on Thursday,
None of the other leading shares displayed
any marked strength, but Omaha common
continued its upward movement and scored
the largest net advance of any stock during
the day.
Asa rule the usually active stocks moved
within very narrow limits when the volume
of business is considered, many being
traded in over a range of less than Il of
per cent. The coal stocks were quiet and
without feature, but the industrinls were
more largely traded in at advanced prices,
Distillers being especially strong. The for
eigners were not an influential factor in the
dealings, but the West bought literally of
its specialties Among the low-priced shares
only Tennessee Coal made any marked
movement, but many were unusually active
without making any extended movement.
The market opened very active and de-
cidedly stronger but the advances over
Thursdays figures extended to only % per
cent. and the pressure to sell in the early
trading and the decided weakness in New
York Central, caused a recession in the list,
bringing most stocks slightly below the
level of the opening figures. The market,
under the urgent demand shown by the
shorts, rallied quickly and prices along the
line were advanced large fractions. The
realizations in the afternoon, caused an
other downward movement, wiping out
many of the gains of the forenoon, and
bringing most stocks down to the neighbor-
hood of first prices
The close was rather heavy, notwithstand-
ing the squirt in Union Pacific in the last
advances, but Omaha is up Q per cent, Ten
nessee Coal IA, Missouri Pacific Iss and Dis
tillers'' N. while New York Central is
down IL.
The 1,.ilroad bond market was still yerv
active, with the same wide distribution Of |
the business done, hut the Reading firsts |
and seconds with the Richmond and West |
Point Trust 5S. were specially prominent in |
the dealings The last named, after selling |
up to IS, retired to 63. closing only a fraction |
higher than its last previous sales.
The total sales of stocks to-day were 49, |
600 shares, including: Atchison, 25, $50: Cam
ada southern, 5,07O Chicago Cas- Il 800; Del
Erie 4S 295; Lake Shore, 3,079 Louisville and |
Nashville, 6,72O Missouri Pacific, 10, l5j;
5,35O North American, 1856;
Wisconsin Central, l3, $50; Northern Pacific |
preferred 13, ,46O; Reading, 1920; Richmond
and West Point, 4,5s0: st. Paul, l., $3.50; st. |
Paul and Omaha, 1882 Union Pacific, |
q 900; Western Union, 5,267
The following table shows the prices of active |
stocks the New York stock Exchange yester- |
day, Corrected daily for THE DISPATCH by |
WHITNEY & STEPHENSON. oldest Pittsburg Inem- |
bers of the New York stock Exchange, 81 Fourth !
avenue. |