The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-12-13
9 IN. 6 TT 60 TT. r A.u
Bears the n Tho Kind You Have Always Bought
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THE STOCK N-1 RhL1,


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est
! New York, Dec 12.--1ndications were
not lacking in to-day's market Of in
! creased interest by the outside public.
This was fully demonstrated by the
broadening action Of the market, and
activity in q large number of usually
dormant stocks. Gains in these proper
/ ties were more extensive than in the
usual market leaders and extended to
four points in some cases. Generally
speaking the market during the fore
noon displayed great animation and
strength, with speculative interest ra-
dating from our group of stocks to
another. Factors which contributed
to the days rise included a large num-
Der of traffic statements for the first
week of December, embracing all sec
tons of the country and showing sub
stantial increases. The fact that as
yet money rates have not exceeded =
per cent. and that to-day the highest
figure made was IL which tapered off
to per cent. before the close rendered
spectators less uneasy as to the i'm
inence of considerably higher rates.
Rates for sterling exchange contin-
ued to yield, sixty day bills declining a
cent.
The market for Americans abroad was
described as buOyant and the arbitrage
houses bought about $4,000 shares on
balance This demand was primarily
responsible for the weakness in sterling
exchange rates as offerings of CONNER
cial acceptances were only moderate,
AT the outset of business the coal stocks
were the principal on an enormous
demand. There were no new develop
ments to-day respecting tn coal and
these properties later on showed the eff
feet of heavy realizations, Heavy buy
ing developed in the steel stocks owing
to continued encouraging reports of the
trade outlook. Tin Plate made the ex-
treme rise OF 27s, but Steel and Wire
was the most active with a gain of ~
points. Satisfaction over the annual
report of the Brooklyn Rapid Transic
company promoted a demand for the
stock and strengthened all the transac-
tons temporarily. There was very
heavy buying at intervals in the grang-
ers, Pacifics and some of the Southern
and Southwestern stocks, with Burling-
ton, Kansas and Texas preferred and
Louisville especially prominent. Dur
ing the early afternoon after the for
eign buying had ceased the demand
showed signs of exhaustion and prices
were inclined to yield. Not much i'm
preston, however, was made on prices
when the traders realized, and there
were few strong spots which kept the
general market pretty well in check.
Unusually large dealings in the Lake
Erie and Western stocks caused a rise
of 4 and 31a respectively for the COM
mon and preferred and New York,
Chicago and ST. Louis LIST preferred
jumped points to 106. An increase of
" to per cent in the semi-annual div
idend on the Minneapolis, st. Louis
common stock resulted in rise Of az
in it's price.
In the final hour raid was made on
Tennessee Coal and the stock broke Az
per cent. ON rumor that the directors
had passed the quarterly dividend on
the stock This movement unsettled the
cillTe Hldfhet, ana the prices tell away
rapidly averaging point for the most
prominent railroads and extending to
21a in the specialists, Tin Plate being
most affected. When it was learned
thta the Tennessee Coal dividend was
unfounded the stock rallied points
and all other stocks recovered some
what, speculation leaving off strong
again and active.
Business in bonds was very heavy
and notable strength was displayed by
Kansas and Texas issues. Reading As
got up to 1914 early, but lost practically
all the rise in sympathy with the de-
cline in the stock. Realizing sales de-
pressed the Erie issues all day, the gem
eral fours closing a point off.
The market otherwise was uninter-
esting and irregular Total sales par
value, $507o,000.
United States refunding Is registered
X and new As Il per cent. on
the last call.
NEW YCRK STOCK MiRKEE
Opening, Highest, Lowest Quotation
On the New York Stock Exchange, reported
by Prince & Whitley, Brokers, 10 Center
street New Haven