St. Paul daily globe., 1892-01-01
DIRECTOPc
FINANCIAL.
New York.

NEW YORK Dec. 31.-The stock market
was fairly active and decidedly stronger.
The market as q whole closed the year
strong and active at practically the highest
prices There was a general movement
among the shorts VINO have put out lines III
thelast few days to get in ont OF the cold
and the amount of business done, therefore.
compares tavorably with that of the previous
days.of the week. even though there was less
new business doneTthan has been done of
late, and the upward movement was renewed
and sustained though the few stocks in
which the short interest was greatest scored
the only material gains for the day.
Among these some of the grangers, Union
Pacific and Louisville Il Nashville were con-
spicuous, but the feature of the day was tn e
new squirt in New England, as usual for no
apparent reason. This stock from position
OF com parative obseurity come suddenly to
the front, and while leading the advance, be.
came one OF the most active stocks on the
list Its final figure, while not its highest
showed by far the largest gain for the day.
Both the coalers and the Vanderbilts were
quiet but strong, and the same may be said
of the GouldS and Wizards.
Among the low priced shares to attract et-
tention, Union Pacific, Denver Il Gulf, Ore
gon Navigation Short Line, Buffalo, Roch-
ester d Pittsburg, St Louis, Southwestern
were most prominent all making large gains
on mraratively heavy trading. The indust-
rials were firm, the lead stocks. OLD and new
taking the lead. The general market opened
Win ITactlOTdl advances over ldSL nlSQt 0g-
ures, and q general upward movement was
soon under wav, and, while the advance
halted at times, there was no weak spot after
the first hour, when Sugar retarded 1 per
cent, and nothing like q reaction was seen
throughout the session.
There was some concession in the last hour
when realizatlons on the profits accrued dur
ing the day were taken by the traders; but
the close was fairly steady at or near the best
prices of the year. Among the active shares
the most important were Union Pacific. Rock
Island, Louisville & Nashville, each IA, and
Burlington ". Among the specialties, how
ever. Oregon Navigation rose 3 and others
1 to per cent.
The Post says: It has been obvious all this
week that if anybody was endeavoring to
make such turn OH the market as would ne =
cessitate evening up of contracts before the
New Year, it was the bear faction. The
occasional efforts of the bear clique yester-
day ana the day before to demoralize prices
met with little success, and hence it was not
strange that lively attack by bull operators
started great covering and sent prices up in
everything.
very remarkable year in financial history
closes today; year uncommonly frui tful in
novel problems precedents and traditions.
The problem at the opening of 1891 was
would the financial future be better or worse
because of procreated congestion which had
been accepted instead of abrupt collapse?
This years earlier developments showed the
experiment to be full of risks and pitfalls
and it can only he conjectured what would
have happened had the grain harvest failed
throughout the world.
Total Sales of Stocks
today were 3OS, 70S shares, including:
Atchison 49,. 9,55U North. Pac. pfd. 5000
Canada Southern 1850 New England 90 29J
Chicago Gas. :. Il, 500 Rich. & ". Point 20 2S5
Del, L. d. w.. 6,100lSt. Paul -. ...s.11, 100
Erie 49,. 80. .2l ,960I St Paul q Omaha S,070
Louisville d N. 4,300IU Union Pacific. ...25. .352
Missouri Pacific 6,169I Union Pacific. 0l9
Ny. Central :. 6.450