The daily morning journal and courier., 1905-11-16
STOCK MARKET FEATURES
CONTINUATION OF THE GAIN IN
 VALUES.
Stocks Went Higher-HOcking Valleys Big RIse-MOney Easier and Ex- change Advanees-GOssIp.

DIE hlse-mOney EaHler ana E2-
 change Advanees-GOssIp.
 It was a day of interest in the stock market yesterday. Call money grew easier, the bulls took on new steam and the deficient bank reserves of last week were forgotten.
 Hooking Valley common was bull card, rising r points.
 Great Northern went up 1-2 points and Reading and Shelters gained to 1 1-2 points.
 One effect of the easier money was to restrict the trading.
 The bulls are expecting aid for the mcney market this week from Secretary Shaw.
 The liquidation on Monday and the shipments here of $2,00O,00O Canadian gold, and money from western cities, has helped to restore some of the de- pleted reserves. It Is believed, however. that the banks will still show deficit on Saturday and that it will be only by a slow process that the money situa- tion is improved, assuming that govern ment deposits in western and southern banks are made.
 There was undoubtedly a good deal of buying back of stock yesterday by recent speculative sellers for the de- cline, but there were also perfectly plain signs that the manipulation of fort night ago was being resumed.
 Evidence is accommodating rapidly that the two most powerful financial inter ests in the street have different ideas about the current value of stocks.
 A canvass yesterday of banking in- terests identified with the New York Central failed to throw any light on the report that the company will short 1y issue $18,000 000 new stock to carry on terminal improvements.
 Missouri Pacific was strong on a rep etition of official statements that the dividend will be unchanged, and Wa bash Bs rose in spite of equally strong declarations that they will get no inter- est this year.
 The street is commonly expecting an increase in the Hooking Valley divi- dend. It receives at present only 8 per cent. per annum, although it for merly paid more. T. L. Manson & Co. were the alleged buyers.
 | 1lO Gcltl IdI6 EutCu carry dS utSH dS 12 per cent. but soon went down to 6 per cent, and the street at large seem- ed less anxious over the future.
 One inference is that Thomas W. Lawson is the "wrecker" referred to in Secretary Shaw's interview.
 Missouri, Kansas and Texas made a new high record price on buying by Clarke, Dodge & Co.,, Arthur Lipper & Co.,, and other commission houses: The stories of buying by Hill interests were again heard, probably because of Clark, l Dodge & Co.'s buying. which some re- garded as rather too obvious device. The various bull pools were fairly l busy with their specialties. In Reading 1 there was some covering by room shorts. Tn American Shelters, Railway 1 Steel Springs, American Locomotive and Knickerbocker Ice the advances were due to pool manipulation of a rather obvious character. The Iron Age to-day will say: There continues to pour in from all quarters evidence of the enormous current con- of iron and steel, with ample proof in the form of fresh orders that there will be an unabated strain upon our productive facilities for many to come.'