The daily morning journal and courier., 1905-12-12
K MARKET FEATURES
0Y PACIFIC WAS THE BAN NER CARRIER.

=, fat Trading in the StOcI1-U. s. Steel
 9ocIs Got Active Late in the Day Money Ranged from 15 to per cent. --IndustriaIs Based OR-GOssip.
 The excitement yesterday in stocks shifted from the industrials to the standard stocks, and Union Pacific was the great feature and ran up in lively style. Southern Pacific, St. Paul, New York Central and Union Pacific were also strong, and the United States Steel stocks woke up also. The sales in Union Pacific alone amounted to SOOO0O shares.
 The running up of Union Pacific to another new high record caused gen. eral satisfaction to the speculative com munity. This stock was dealt in on an enormous scale, some of the strings that came out on the tape totalling lo,- 900 to 1S,00O shares. It was generally assumed that much of this trading rep resented matched" orders for the pur- pose of stimulating public interest. Dividends of 6 per cent. instead of are now talked of for U. P.
 What encouraged those who were not much in sympathy with the market was the fact that the activity was in standard railroad stocks.
 Russian bonds declined further at London, and sterling fell again on the continent. Berlin and Paris competed for gold in the London market, secur- ing some $2,0O,0O0. The total sales yesterday were 1,T69,- , 300 shares, against SS7,OO0 last Saturday, , e2O2OO a week ago and 2,066,400 g. year ago.
 Toward the end of the session the market was occupied with the big trad ing in the United States Steel stocks, which rose a point each. The preferred sold enar its best price. It was thought that the general demand for some movement. in these stocks was being gratified. ....-t
 The talk is that Southern Pacific will begin paying dividends in a few months. ..,..+ ..-. A favorable incident was the an- nouncement of Secretary Shaw that he would anticipate $4,200,000 of govern ment interest due in January. This of course, does not appease the money market, but it showed that Secretary Shaw was willing to help out.
 Tips were out early in the day to buy ! Union Pacific and Southern Pacific, and later on to buy New York Central. As the tips of late have come true, the stocks named were taken hold of with avidity. @ ......xs ~-
 The advance in the hard coal shares was due to the statement published yesterday morning that there would be lio strike of the anthracite miners next spring. This announcement was believ. ed to have the sanction of President Mitchell, of the Mine Workers associ ation. u .4~ :@.t |
 A special from Chicago to the New York Evening Post says: Tt come: from the best authority that w. B Leeds has sold all his holdings of Rock Island. He is also said to have got out of all his other stocks in Moore proper ties" IA, #. @E.I. .as. ~.*
 Amalgamated Copper was heavy un der profit taking J. H. Griesel & Co and w. C. Stokes & Co. each sold 500 shares. E $3 3$ A SCnlcdS0 uISpaLCIl SHyst &1(uIIas the next three years $30,O000O0 will b expended in bringing up to the highes standard the physical condition of tn Rock Island Frisco system" said Dan iel e Reid, chairman of the board o directors. The present business of tn system is very satisfactory and tn prospects are excellent. The director are unanimously in favor of making i'm provements to the property at an an nual cost of about s1o0OO,OO0 for tn next three years. We have just place' orders for 5000 more freight cars, mak ing a total of 10000 cars bought thi year for the Rock Island Frisco lines including the Chicago and Eastern Il linois. The cost of this equipment wa over s4oOo,00O." s:s3 y: