Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-22
REALIZING ON A BIG MARKET.
NOT MUCH IMPRESSION MADE, BUT
, BULLS ARE CHECKED.
Point Scores the Only Marked Rise

Shares Very observation-disclosures and West
Point Scores the Only Marked Rise
Fluctuations Within Narrow Limits
Erie the Most Active Stock.
NEW YORK, Dec. 2l.-The stock market to-
day was the most active we have had for
months, but the realizing sales were ex-
tremely heavy and many of the leading
stocks failed to hold their recent improve
mcnt, although the concessions are in all
cases to be measured by fractions. The
movements were very irregular, and the
temper of the market remained rather un-
settled right up to the close of business; but
the strong undertone OF the market was
discernible at all times, and. the offerings
were promptly absorbed without any real
weakness becoming apparent in any por-
t on of the list.
One Of the most encouraging signs of the
ti mes is the changed front of the foreign
operators on American securities, and the
liberal purch ases of Erie and ST. Paul for
their account has made those stocks again
the leaders in the market in point of activ-
ity while the strength, especially of the
former, as become most pronounced. The
Changers to-day were rather sluggish, and
Rock Island in particular yielded readily at
times, showing huctuation OF IL per cent
between its extreme prices. Lackawanna
to-day displayed more weakness than any
other STOCK on the active list.
An upward movement was started in
Richmond and West Point securities to-day.
The stocks were the strong points in the list,
and the preferred scored the very ma aterial
gain OF per cent. There was the usual pro-
portion of sharp upward movements among
the inactive shares, and the Kansas and
Texas stocks, the Iowa Central shares and
Toledo, Ann Harbor and North Michigan
were especially conspicuous for advances.
The general list opened with fractionally
higher prices and a buoyant tone, but the
realizations were specially heavy, which
soon checked the upward tendency in prices,
but failed to make any marked impression.
The great majority OF the list were held
within the narrowest limits. and Erie,
which was the most active stock, huctuated
over a range of only n per cent during the
day. The general market, however, nd
van ced slightly in the forenoon, losing the
n ay tSa IN
steady to firm at close to the opening figures.
The final changes are in almost all cases in
significant, but Richmond and West Point
rose IL per cent.
The total sales OF stock to-day were 40O,05s
shares, including: Atchison. 1880; Canada
Southern, $50; Chicago Gas, 81 $50; Delaware.
Hooking Valley, g. 535: Kansas and Texas,
1920: Louisville and Nashville, 3,525; Missouri
Pacific, Is, 320; Northwestern, 4,97l: Northern
Richmond and West Point, s,92s: St. Paul.
377so; st. Paul and Omaha. 54OO: Texas Pa
cific, A. $50; Union Pacific, 9,460
Inc CraU1nG III railroad DOnQS was again
very widely distributed, reaching S3,247 900,
of which 1854 900 was in Colorado Midland As
and $4,000 in the Atchison incomes. The
Richmond and West Point issues were the
strongest and the 5s rose 81 to 81. There
was, however, none of the hesitation appar- !,
ent in stocks, the whole list being strong
from the opening to the close, even though,
as usual, there were few marked advances
made. The Colorado Midland A. and the
Kansas and Texas issues we're also promi-
nent for strength.
The following table shows the prices Of active
stocks on the New York Stock Exchange yesterday.
Corrected daily for THE DISPATCH by WHITNEY 6
STEPHENSON, oldest Pittsburg members OF the
New York stock Exchange, 81 Fourth avenue.