Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-18
REALIZING ON PROFITS
DEPREssES CHICAGO GAS A LITTLE
BEFORE FULL RECOVERY.
The General Stock Market Still Stubbornly
Strong, With Only a Few Active securi-
ties-Chicago and the Northwest Furnish

The General Stock Market Still Stubbornly
Strong, With Only a Few Active Securi-
ties-Chicago and the Northwest Furnish
the Features-Bonds Less Strong.
NEW YORK, Dec. 1.-THE stock market to-
day was again stubbornly strong, with only
a moderate volume Of business and the
activity and interest was still confined
principally to less than a dozen of the more
prominent stocks. Outside centers con-
tributed their quota toward making the
strength of the market and while Chicago
took the Changers in liberal quantities, Phil
adelphia was in the highest demand. Bos-
ton purchased Burlington and others of its
favorites. Commission houses were the
prin cipal buyers throughout, and while
there was great deal of realizing, especi-
ally in the forenoon, and in Chicago Gas in
particular, the strength of the market was
hardly impaired by the movement, and
when the buying was resumed later in the
day, with the aid of the covering of the
shorts, the advance made more substantial
progress.
appearance, but firm tone, and displayed
an advancing tendency from the first sales.
The later material improvement in the
price of Chicago Gas, however. showed too
chases for many of the smaller operators,
and general liquidation among that class
of spectators depressed its price about l
per cent, which had considerable influence
upon the rest of the list, though no weak
ness was seen in anything else. The selling
did not assume very large proportions, and
before noon the liquidation was over, when
a full and free recovery occurred i'll Chicago
Gas, accompanied by u material upward
movement in some OF the leading railroad
shares.
during the early dealings, but the Coal
stocks became the feature later in the day,
when rumors of the coming declaration of 2
per cent in the Reading seconds were instru-
ms al in hriO Oil m
marl1d strength was shown in all its securi-
ties" The other Coal stocks were not far be-
hind, and Lackawanna and Delaware and
Hudson both rose materially. Louisville and
Erie were specially strong, and the latter
was unusually active in the late trading.
There were also few sharp moves among
the inactive shares, Chicago Junction and
Stock Yards, Great Northern preferred, Mil
waukee, Lake Shore ana Western preferred,
and some others being prominent.
The market finally closed active and
strong at the top figures. The market gains
in the active list comprise Lackawanna, 11l:
Reading and Delaware and Hudson, each IL,
and Louisville and Nashville and Northern
Pacific preferred, each per cent.
The total sales of stocks today were 254,-
955 shares, including: Atchison. g. 795, Canada
Southern, 1885, Chicago Gas, 1855; D., L. 6
vile, 6.365: Missouri Pacific, lis: North
western, 897i; New York Central 3,635;
Northern Pacific preferred, % o3O; Reading
Paul, Paul 49, $50; Union Pacific, $3.50. 0'O'' ~
Railroad bonds were not so pronounced in
their strength as shares, with the single ex-
ception of the Reading issues, in all of
which material improvement was made, |
while some others scored marked declines. |
The list, as a whole, however, is left f1rmer
and higher.
The following table shows the prices of active |
stocks on the New York Exchange yesterday. |
Corrected daily for THE DISPATCH by WHITNEY & |
oldest P1ttsburg members OF New |
York Stock Exchange. 81 Fourth avenue.