Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-23
THE GOULDS TURN BULLS.
MISSOURI PACIFIC LEADS IN A STRONG
SHARE MARKET.

Every Stock but Richmond and West
Point Buoyant- Mondays Realizing
Sales Retard the Advance in the Morn
ing-vanderbilts, Grangers and Special
ties Join In.
NEW YORK. Dec. 22.-The stock market
was again decidedly strong to-day. While
the amount of business done was main
tanned at the largest figures, the result of
the days operations being to lift the entire
list, many of the active shares and
several of the less prominent stocks were
advanced heavily. The day was marked by
renewal of the late buying for inside ac-
count in many of the leading groups of
stocks, the Goulds being specially conspicu-
GUS for strength, the effect was enhanced
by their late sluggishness in the face
Of the general strength of the market.
The parties who are in control of those
properties were credited with en-
Pertaining q much more bullish feeling on
the market than of late, and rumors OF ne
gotiations looking to the sale of the Treas
ury assets of the Missouri Pacific in order to
wipe out the floating debt and SO open the
way for q resumption of dividends were cir
cufated with some effect yesterday.
The realizing sales of yesterday had their
effect this morning in sales apparently
largely for European account, butth move
ment was of comparatively short duration
and the offerings were quickly absorbed,
when the whole market gathered strength
lasted till the close OF business
There was fresh bullish talk from the
Grand Central depot and New York Central
for time led the advance, when it reached
nearly to the best price OF the year. The
buying by the West was moss noticeable,
and the Changers were again very promi-
nent in tile dealings. and among the low
priced shares Omaha was theleader in point
of advance. The Richmond and West Point
securities were more or less prominent in
the market than for few days past, but the
81 kI,n No..
while the stock showed some weakness after
it's substantial position of yesterday. The
Cotton Oil stocks were again strong and
reached the best prices since the reorganiza-
rumor OF dividend on the preferred at an
early date.
The general list opened down on the heavy
pressure to sell, and while most stocks
yielded small fractions. Delaware and Hud-
son lost per cent The market was held
well, however, and evidences of support in
The whole list gradually gathered strength,
and before noon, the upward movement was
in full swing, with Missouri Pacific easily
the leader. The Vanderbilts, Changers and
specialties joined in, and the last to show
the effects of the new buying were the Will
ards Northern Pacific preferred becoming
the special feature of the market in the last
hour.
Everything but Richmond and West Point
shared in the movement, and the markes
finally closed active and strong at the high
eSI pIlCcS VI Uuc udy u0 uHdl gains dTo
generally for substantial amounts, and
Missouri Pacific is up 31s: Chicago Gas. 15ss;
Northern Pacific preferred. 1ss; Burlington,
N; Cotton Oil, ~, and New England and
Union Pacific, each per cent.
The total sales of stocks to-day were 1885,
oss shares, including: Atchison. H.lso; Chi,
cago Gas, 1885, Delaware, Lackawanna and
Western, $780, Erie, Sfs1o; Louisville. and
Nashville, $500; Missourt-Pacit1c, 1880;
Northwestern, 4,1s5; North American, 6,77l:
New York Central, $3.50; Northern Pacific,
preferred, 27,450; Reading, 5825; Richmond
and West Point, 1864; St. Paul, 80, 500; st.
Paul and Omaha, $50; Union Pacific, II, 1885,
Western Union, 1891.
Railroad bonds were still largely traded in |
at advancing prices, but the upward move
ment was not quite so pronounced as that Of |
yesterday. The marked gains were many |
and substantial. The sales reached So. Ola, 900,
out of which $3l5, 900 were in Richmond and |
West Point 5s, ssl5. 900 in Northern Pacific 5s, |
and sI67 900 in Atchison incomes. Chicago |
and East Illinois IS rose ~ to 1921.
The following table shows the prices of active |
stocks on the New York Stock Exchange YESTERDAY,
Corrected daily for THE DISPATCH by WHITNEY & |
oldest Pittsburg members of the |
New York Stock Exchange, 81 Fourth avenue.