The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-12-27
Spectators Force Up Prices of Al
most Every Important Stock
Listed on Exchange.
LONDON WILL HAVE TO SETTLE.
General Belief Exists That British
.irc Several Hundred Thou
sand Shares Short, and Rcck
oning Day Is Near.

EEI't EIIr SPECIAL.
New York. Doc - Something more than
sIctgo.oAj was added to the market value
the res;Jt of the op' 'rations on the
Stock Exchange to-day. The wild bun
speculation which was carried on right up
to the eye Of Christmas was resumed tins
morning. aUd on tremendous dealings quo
taiions We're advanced in every quarter %
the stock market.
Heavy sales accompanied the rise. but
these sales In the main We're to take profits.
ard the close was relatively stronger than
the opening Of the speculative session.
Beyond the fact that the public has on
tered the market in "A spirit Of optimism
the upward swing to-day has an interna-
tional Significance. London has been sell
Ing American securities short in anticpl-
tic" "f 4 reaction from the recent high
i'N'l "f prices. and II is estimated that
l-pndD.t si"'"jIidtorS stand several hundred
thousand SH,irr~ short of the principal ill.,
ternaiionai St""kS Tomorrow the English
men VIII nave. io settle. and some persons
IN Wall Sif""t to-day suggested that the
New lork-rs. who now control the market,
t"h'biird I" mark up quotations in order
to make the task of the Tor. i:ners harder
than it would have been in the event of a,
rc.rt tIonary. or even stationary. move
or i "viGenc.I 10y wide openings this
in"it.i'tS 81 those securities which arr, dealt
IN h"'H in New York and London. For ex-
ample. Southern Pacific opened so wildly
th"t ~" cinpiuN's could not keep track Of
the eal"s. = lu-iIi;. pn saturday at A. this
stock opposed ,p-d;,v with sales fangina from
As To 10. -N"aTIy .t.pD shares changed
hands during the day and Southern Pacific
closed at nearly III" highest figures reached
So. Inc southern Railway issues. were
aiSo advanced ana Union Pacific gained L.
while -. Paul jumped about wildly and
closed with a net gain of Iss
similar fluctuations were noted, however
los trTk a
lean sugar. Federal Steel. BROOKLYN Rapid
Transit and the Tobacco issues Sugar
opened mp nearly points, with sales stimuli
tanecuSly at III and lNla. on n story that
the differences between the trust and the
Afbuckies are shortly TO be adjusted. This
ancient rUInor was worked to the limit by
the professionals and for "A time Sugar stock
held the ground gained at the opening. Real
izins sales. however. forced "A reaction to
lio@I. after which 4 fresh buying movement
set In, which carried the stock up TO Iil5s.
rms was the closing price and marked an
advance of rs per cent.
American Tn-Plate issues advanced on OK
pected dividend developments. the common
stock gaining 2ie per cent or the day.
Manhattan. after opening "widc" touched
HOS and closed strong at ll6i.. a net gain
OF per cent.
Peoples Gas fiuctuated wildly from 1921
10 l0ol4. closing at the latter figure, which
Is ~ per cent above the closing price on
Missouri Pacific shared in the general
movement. advancing, rapidly to III, and
closing a shade lower at ills, a gain Of LA
per cent as compared with Saturday. The
otner Southwestern issues also scored small
er advances. No department of the market
Was neglected by the traders and all seemed
to be on the bull side. The buying OF Brook
lyn Rapid Transit was accompanied by a
renewal of the old Metropolitan stories
accompanied by later report to the effect
that President Baldwin of<the Aong island
Railroad is To become n dominant factor In
the management of the property.
The tobacco ISSUES were .ruuvnced y the
dividend meeting. and after advancing
sharply the common lost most OF the gain
on the announcement that there would be
no extra dividend while the preferred fell
off point.
The net result of the days operations is
to serve notice ON London that any move
ment TO Gepress prices over settlement day
Will be resisted. The London mIrket was
not open to-day. hut frightened spectators
in that city covered some of their short
sales on the curb. about 5000 shares Being
taken on the advance here for London ac-
count.