The daily morning journal and courier., 1905-12-14
STOCK MARKET FEATURES
BULL FEVER SEEMED STRONG
 As EYER.

naIgamated Crossed Par-Union Pa- eIAc Strong and HIgher-Traetions Buoyant on Court DecisIon-"Every- thing Lovely" Except for Bears.
 The bulls were on top again yester- day and the bears were lugubrious.
 Amalgamated Copper, which Lawson blew his blasts about some weeks ago. crowned par
 The early market was largely confin- ed to the industrials with more wild movements evident
 When the enthusiasm over the trust group had spent its force at midday Amalgamated Copper showed a net gain of 2 1-2 points. Shelters common 3 7-S, preferred 3-4, National Lead 3 1-4, Colorado Fuel 2 1~2, and Sugar 2. Then it was that interest shifted to the railroad shares and the rise of about 3 1-2 points in Union Pacific to nearly 145 typified the same sort of speculative conditions that were ex- pressed earlier in the advance in Amal- gamated Copper.
 The market was both broad and ac- tive and nearly every stock of any ac- count on the list shared more or less in activity.
 Rock Island, pf however, had a downwardn tendency. This was due, report had it, to talk that no dividend would be declared at the meeting to be held to-day. The stock closed weak.
 C-1 cent. and as low as per cent.
 Copper-the metal-is selling at IS 1-2 cents per pound, which accounts for the bullisElness on the copper stocks.
 The beginning of the shift in specu lation was announced in the rise in Union Pacific about 143 to new ground and sharp advance to about 145. New York Central, Big Four. Southern Pa cific and Pennsylvania followed. This was what the street wanted.
 The expanding business of the stock exchange was reflected in a rise in stock exchange seats to $8S,000, a new high record. The last previous sale was at SS5,000. Members are predicting $10O,- 900 within six months.
 Tn the past two days very large calls have been bough in london on Steel common for the end of March at 43.
 The heavy buying of Amalgamated Copper in Boston was thought to indi. cate short coverying by somebody at the Hub.
 An effort is being made to bull Atch- ison on big gross earnings for Novem- Der, said to approximate those of Oc- tober.
 N. Y. N. H. and H. rights sold as low as 5-S yesterday. Most of the stockholders who can do so are taking the convertible bonds. A good many rights come out for sale on the even ing up process, and from estates that do not take the bonds.
 Just as soon as the decision against Hearst became known the fractions and Consolidated Gas were bid up S-4 to 1-2 points. A short interest was caught in them, but the demonstration was out of proportion to the remaining total of short accounts. Brooklyn Rap- i'd Transit went above 90. The bull pool it is understood, feels confident now in continuing their campaign with the de- cision out of the. way.
 Chesapeake and Potomac Telephone stock is quoted 51 bid 60 asked. This has been the quotation for several days
 Steel common was held up around 39 The preferred seemed to meet stock
 Tn the late trading stocks eased off somewhat under profit-taking sales Leading bankers seemed willing that the market should rest for a time, after so extended an advance On the way down considerable long stock was dis tributed.
 It was thought that most of the peo- pie short of the tractionse hurried to cover yesterday. There was largely accumulated short interest.
 The agricultural export figures caused interest because, while October's ex- ports of such products decreased $7,6O0,- 900 from 1904, November's show in crease of $11, ,300,00O. The cause of this difference is largely the price of cotton which brings last months export of that staple, despite a 173,O0000O bale decrease in quantity, within $2,00OO0O in value of last years November ship ments. Exports of cereals increased, of course, very heavily.