New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-08
CLOSING PRICES OF BOSTON STOCKS
Boston Dec. z 1891.
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

Monday, Dec. Up. m.
The irregularty in the stock market to-day
was mainly of the kind which is gratifying TO
legitimate interests. If it proved anything, it
indicated that the buying Of the quality
which inclines to discriminate between properties
and managements. The weak features were the
Northern Pacfcs and Missouri Pacific, and, not
withstandng the natural influence always ex-
erted when stock suffers sharp break, the
severe losses in the shares named did not pre-
vent closing which showed large proportion OF
net gains for the general list Although there
were exceptions, the rule was that the strength
of the market was pronounced among STOCKS
that stand high in the esteem of investors. a
brief analysis will verify this conclusion.
The opening was firm, in view of the higher
quotations from London and stronger advices
regarding the foreign situation. The arrival of
$4,000 gold by the European steamers which
came in over Sunday, while modest demonstrated
that the movement still alive. An eXcep-
ton to the early strength WAS the Northern
Pacific group. which continued weak throughout
the day. The common stock closed down l 3-S
Der cent and the preferred, which led the mar
ket i'll point OF activity, fell to 81 ID, and at
SO IA, the final price, was oil ia per cent IRON
Saturdays close. There can be no dispute as 10
the character of the selling, and II needs no eA-
PLANTATION beyond the TACT that the com
pany,s consolidated per cent DOndS are only ~
points above the price of the preferred stock, ana
weak at that Some effect was felt on the general
list in the morning hours but the recessions were
quickly recovered and iirnness was exhibited up
10 the last hour. Then pressure TO sell Missouri
Pacific carried the price TO 50 ID, and the net
loss was . l-8 Der cent at sc IA at the close.
The principal other leading shares fell to the Iowa
est points, but a rally quickly succeeded: The
unscttlng influence of the sharp break IN Mr..
Gould's principal stock did not prevent n rise of
over / per cent in st. Paul and Omaha preferred,
and small improvements in the Grngers. Canada
Southern, New-York Central, Lackawanna, Louis.
vile and Nashville, Ontario aud western, and
MANY OF the inactive shares Erie ranked next
TO the leader in business, but after a depression
from 30 Is to % "a, il closed unchanged at 80.
Ii would be sensible were the market 10 realize
it's independence of properties in which the Street
has largely lost confidence Absolute dlscrnlna-
ton is impossible, but il may be approached. Any
disappointment over foolish expectations that an
early resumption of dividends on Missouri Pacific
might be possible ought not to count against such
an item as the report of the eastbound freight
shipments from Chicago last week-03,075 tons,
against 1885 tons in the same week Of 1890.
Below will be found several important gains in
railway earnings, and among them New.YOrll
Central is conspicuous with November increase
of over $500 600, exclusive of the Rome, Wafer
town and Ogdensburg system, and the Girat
Northern system with gain of nearly S330,000.
The market closed with some feeverishncss but
firm for the general list
THE DAY IN THE BOND MARKET
In Government bonds an advance Of Is per
cent In the bids for the per cents failed to create
trading at the Stock Exchange Appended are