Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-15
ROCK ISLAND LEADS.
A VERY FAVORABLE STATEMENT AND
A GOOD DIVIDEND.
It Changes n Dull. Dropping Share Market
Into a Strong One. With Higher Prices
All Alopg the Line-Most Advances

1t Changes a Dull. Dropping Share Market
Into a Strong One, With Higher Prices
All Alopg the Line-Most Advances
Only Fractional.
NEW YORK, Dec. 1l-The stock market to-
day was not active, and in the general list
little Improvements in its temper was to be
seen; but while the list was subjected to
heavy bear pressure in the forenoon, by
which Northern Pacific preferred and some
others were depressed materially, vigor-
Gus rally later in the day ended with large
and lifted the whole list to level fraction
ally better than that of Saturdays close.
The action of the Rock Island directors in
declaring l per cent dividend and in
making good showing of earnings, started
the market upward. The strength in the
market was marked in many of the prom
of late, among which New York Central.
Missouri Pacific, Rock Island and Sugar were
most conspicuous; but Manhattan, Wheeling
and Lake Erie preferred and Union Pacific
were also especially strong at times.
The market was irregular at the opening,
first prices showing changes ranging n per
cent either way, and while there was no pro-
nounced tone to the dealings in the general
list, an advancing tendency was to be noted
until the pressure upon Northern Pacific
preferred which was forced of from 67I to
6Ss&, weakened the whole list, though no
material concessions outside of the one stock
mentioned occurred. At the lowest prices,
however. considerable support was seen in
the stock, supposed to come from covering
operations.
The declaration Of the Rock Island divi-
dend became known at noon and that stock
started ON rapid upward turn, rising from
s4A TO S4sa while its activity became very
pronounced and awakened the entire mar
ket into life, aided by a sudden squirt in New
England from 37zs to SO. The former weak
ness in such stocks as Chicago Gas, New
York Central and Burlington Immediately
disappeared and the upward movement be-
came general, everything responding to the
stimulus.
The amount Of business was very fair, while
improved prices were the rule in every.
thing. The market finally closed quiet but
day, though most stocks were only slightly
advanced from those of Saturday. Missouri
Pacific, however, is up lss tonight: Rock
like amount. and Chicago Gas, Burlington
and New England l per cent each.
The total sales of stocks to-day we're 23s, ,765
shares, including: Atchison, Is, 100: Canada
Lacka wanna and Western, 4,3OO Erie, 16, 500;
Louisville and Nashville, 400 Missouri Pa
cific, 4,4o0: Northwestern, ). 400; New York
2s, 800; Reading, 5000; Richmond and West
Point, 5000; St. Paul, 16.900; Union Pacific,
$500.
than at any time last week. and while this
class Of securities lacked the brilliant move
ments which marked the dealings in shares
they showed a more steady and stubborn
strength, and almost all issues traded in are
somewhat higher tonight. The total days
transactions were ST. ,62l 900, while no one
issue displayed any special activity. The
Atchison issues the Atlantic and Pacific
Is and the Houston and Texas As led in the
trading.
The Following table shows the, prices Of active
Corrected daily for THE DISPATCH by WHITNEY &
STEPHENSON, Oldest P1ttsburg members of New
York Stock Exchange, 81 Fourth avenue.