The times., 1900-12-29
new HIGH PRICE RECORDS
Bursts of Buliish Enthusiasm in
the Stock Market.
Notable Advances Scored in the
Early Transnctions-The Dealings
Well Distributed. With the Rafi-
ways Leading i'm Point of Activity
-IrrcguIarity Toward the Close

NEW YORK. Dec 2S.-There was re-
newal today in tie stock market of bursts
of bullish enthusiasm, and once more
some notable advances were scored, and
new high price records were established.
1t was a very bread market and the ac-
tivity was not confined to any one quar-
ter, although the railway shares were
more active and in better demand than
the industrials In sympathy with
slightly lower range of prices from Lon
don, the market, with the exception of a
few stocks. notably St Paul and the
Northern Pacifics, opened lower, and in
the first half hour number OF sharp re-
actions were scored. At the recessions,
excellent buying developed, and, led by
St. Paul, the entire market rallied in
way that was little short of wonderful.
With the opening of the market there
was a flood of realizing sales, and the
most pronounced break was in Sugar Re-
fning, which declined three points and
temporarily Influenced traders in taking
the bear side of the market. The Erie
issues were lower, with foreign houses
selling Peoples Gas declined 1-2 per
cent on the failure to confirm the reports
of Vanderbilt purchases. The fractions
were all inclined to heayiness. and Brook
lyn Rapid Transit was particularly heavy.
Among the iron and steel stocks Tennes-
see Coal and Iron was the weak feature.
Soon after the opening heavy buying or
ders in St Paul led to rise in that stock,
which caused IL to reach a new price
record and for a short interval TO cross
Burlington and Quincy.
The buying extended throughout the list
and was particularly good among the low
priced railway shares many of which ad-
vanced sharply. The leaders in this quar-
ter were Ontario and Western. Chicago
and Great Western, Norfolk and Western.
Des Moines and Fort Dodge, and Denver
and Rio Grande. There was slso a heavy
buying of railroad bonds selling under
par Sugar rallied from the low price
touched at the opening and pool buying
was conspicuous
While London traded both ways St
Paul was bought for that account. Anal
gamated Copper and Consolidated Gas
were again notably strong. Southern Pa
cife, which was soft spot during the
early dealings, hardened on heavy pur
chases, and advanced 1 Ia points from
the low price of the reaction.
During the noon hour the grangers.
Pennsylvania, Union Pacific common, and
Baltimore and Ohio common, were bid
up Sharply ana an Improvement was
noted in the character of the buying.
Talk of a soft coal deal helped Pennsyl-
yaria and Chesapeake aud Ohio. The buy
ing of Chicago ard Great Western COM
mon was aseribed TO a speculative interest
which acted on the assumption that il
has had no advance proporticnate with
the movement in the general market
The upward movement included many
OF the high-priced railway stocks. The
activity also extended TO the steel aud
tobacco stocks, which had been compare
lively inactive, and they made substan-
tial gains. \ few weeks ago the state
ment was generally made in Wall Street
that commission houses were not carry
ing full lines OF stocks. It is quite Ger
tain that this statement cannot be ap-
Piled to the market today.
Heavy realizing was continued and pro-
duced reaction from the nigh point
Call money was quoted AT per cent The
London market for Americans closed firm
During the last hour some OF the indus
trials. notably Sugar, Peoples Gas, and
Tennessee Coal and Iron, became weak,
declining sharply. The market closed If
regular