The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-10
STOCKS MORE ACTIVE
UNDER MANIPULATION.
BROKERS TRYING HARD TO
INTEREST THE PUBLIC.
Believe That Only a Spectacular
Advance Will Induce Outsiders
to Invest Their Cash.

New York Dec a-Another active and
exceedingly irregular market to-day gave
evidence of a growth OF variety and IN
terest in the speculation. although the to-
tai dealings fell slightly below those OF
yesterday 1t was perfectly obvious to the
most casual observer that there was enor-
nous unloading Of stocks to take profits
by those who had bought lower down. but
the selling was not pursued at the expense
OF values. and there were recurrent rallies
in the general list. There was a general
agreement also that some of the most con-
spicuous strength of the market was due
TO fragrant manipulation. and that this
was designed to cover selling to realize
elsewhere. But there was fairly good alb
sorption Of the selling and ii growing hope
of an awakening interest in the market on
the part of the outside public. The pro-
fessional element of stock spectators is
deeply imbued with conviction that no
widespread demand for securities is ever
induced without the preliminary invitation
Of spectacular and manipulative adj
vance in prices. The fact that conditions
in the money market have become such
as to allow resources for this kind of cam
paign and that conditions here have at
tanned state which leaves the stock
market free from an overwhelming flood
Of LIQUIDATION upon any advance in prices
are looked up by the average Spectator as
quite substantial grounds for bullish en-
thusiasm.
TRANSIT AND COPPER.
The leadership OF the market to-day
shifted back to Brooklyn Transit and
Amalgamated Copper. There was a furious
speculation in Brooklyn Transit stock all
day. which brought later response in the
stocks of all the New York public utilities.
carrying them from to points over last
treme ots. There is Il deeply ingrained
theory in the speculative world that all of
the New York public utilities will be
brought ultimately under single control.
mics. especially in the matter Of electrical
power. This was the basis OF to-day's
great speculation. but so far as could be
authoritatively learned there was abso-
lutely no new development bearing on the
conjectured outcome. The adoption by the
Montana Senate OF the so-called fair
trial. bill. intended for copper litigation;
was the only news affecting Amalgamated
Copper. and the speculation in that stock
was principally influenced by the varying
surmises as to whether the Standard on
interests were buying or selling IN the
market. The stocks which were strongest
and most active yesterday during the
pause for profit-taking in the advance OF
Brooklyn Transit and Amalsamated Sop-
per were freely sold to take profits to-day.
GAIN WIPED OUT.
The selling movement became compre-
hensiye in the last hour and left net gains
only for the stocks mentioned for particu-
lar strength. Additional gold was taken in
London to-day. but that center continued
10 send orders here to buy stocks. 1t Is
said that these holdings are TO be carried
in New York, and with money borrowed
here. The real origin OF the orders is open
to conjecture Chicago is credited with
large buying Of stocks and with some
lending OF money here also. A feature OF
the money market was the receipt by tel
epraphic transfer of $l39,0O0 from san
Francisco and moderate outgo to New
Orleans ,,
sales, mar value, 2,092 600 United States
Is advanced !. and the IS Y per cent on
the last call.