St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-12-31
DIRECTORS.
FINANCIAL.
New Norlz.

New YORK. Dec 30-The stock market
today continued 10 show evidence of a de-
sire on the part of many operators to close
out their deals with the end of the year, and
while the list main aimed firm tone during
most of the day. the volume of business was
much smaller and attacks on special prop
critics had more effect, while the important
advances were all in the low-priced special
ties which are just beginning to attract at
teutiOn.
The one event of the day which may be
said to have had its legitimate effect was the
declaration of the dividend on the New York
Central, and the selling of long stock had
the effect of bringing New York Central
down materially, and dragging many of the
others down somewhat. AT the same time
none of the other Nanderbilts except the
Nickel Plate stocks showed any special weak
ness.
The efforts of the bears in the early deal
ings were directed more especially against
the stocks which have had the greatest
strength for some time past. and Omaha and
Distillers' were specially marked for their at
tacks; but, while the latter failed 10 rally
from the depression brought about. Omaha
showed still the most pronounced strength
and recovered handsomely, though il was
unable to retain all of its improvement at the
close. The grangers and Gould shares gave
evidence of support which, with the buying
of Chicago Gas, infused considerable ANNA
ton into the general list during the fore
noon. after the first attack, with the result of
establishing fractional advances over the en-
tire list.
The Withdrawing of the buying later in the
day, however, left the marker TO the mercies
of the bears who cane limidly to the front
again in the late dealings. Among the spe-
cialties which scored the large gains were
Union Pacific, Denver & Gulf. which rose
from I'll. 10 23i4 Evansville & Terre Haute
and Big Sandy, with common Short Line
and 81. Louis < Southwestern stocks.
The general list appeared steady. These
advances were slowly wiped out in the late
trading. and the close was rather heavy
with prices generally at insignificant
changes from the opening figures. Omaha
opened up Is at 4S7s, fell TO 1888 and rallied
10 49s4, but settled away again 10 4ess at the
close showing net loss of ssc for the day.
The only material final changes were losses
Of lis per cent each i'll New York Central and
Distiilers'.
The Post says: There was some aggressive
which showed its usual lack of inside protec-
reactionary tendencies. and in some quarters
good buving orders brought prices back
promptly TO their opening level. This was
especially true of the granger stocks and Tn.
ion Pacific, the latter of which has been
favored of late by numerous bullish rumors.
In st. Paul, too. the buyers were busy with
stories of ali April dividend on the common
stock. This is not perhaps. an unreasonable
expectation i'll view of the company s large
earnings and excellent physical condition.
Yet allowance ought 10 be made for prospect
i've outlay on equipment account. in which
department the st. Paul. like It's competitors,
has shown itself altogether deficient
Total Sales OF Stocks