Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-29
STOCKS STRONG,
DEALINGS HEAVY.
Anaconda, U. S. Steel and U. P.
Made Good Advances, the
Latter a New Record.
OFFERINGS CAUSED REACTION
Sales In Part Represented Rcallzings
Long Operations Conducted With
Increasing Confidence.

New York, Dec. 2s.-There were excited
and buoyant advances all through the list
on very heavy opening dealings on the
stock market today. Five thousand shares
Of Anaconda sold at -i3 and 275. as against
9s last night. and subsequently, sold al
2is There were simultaneous sales OF
2loO0 shares of United States Steel at
4O4s and ilia compared with i0i. last
night and Of 1900 shares OF Union Pa
cine at 1884 and 1924 compared with
1855 last night, The opening sales OF
Amalgamated Copper were OF $500 shares
at lv,is ana l0eis compared With loo last
night. smelling rose IN Great NvItn-
ern pleferreu And Va -Cdrohna Chem
ieai :, New lOrk Central a.. Fcnhsyi-
wanna ana sugar Ia anu headiAs, Biook-
iyn TRANSIT, 81 Paul, Baltimore unio
and hiue ana Leather preferred point
or more. Large fractional gains were the
rule IA all the prlncipaI acdye STOCKS.
Offerings were overwhelmed by the
amount ot STOCK oterea al me opening
rise and there WAS a considerable leaCuOl
In the fayorite speciaitles. despite tins
snow VI strength u nuiiyJer OF Iess ac-
tive stocks. Inc Sales represented IN part
realizing and the desire or holders 70 part
with tneir Stock un advantageous ,elni-
rather than contend with the ekigencles
OF the day. money market. Aside trom
reaction OF point In New York cen.
trai the setback IN the railroads was not
large. and a few managed to get con-
slderably higher tnan al the opening,
notably Missouri Pacific ana Reading, IA.
creased offers followed the making OF
call loans at 6gai5 per cent. but tne pres
sure was spasmodic ana the market was
developing a steaaior undertUne at ii
O'Clock. Anaconda gave way D and Anal
gamated Copper and smelling ia from
the best. Corn Products sod Ia and the
preferred United states Rubber. Atlantic
Coast Line and National Railroad OF Mex
leo preferred to II. below yesterdays cius'
ing
With the money rate relaxing from -
10 80 per cent stocks were taken IN hand
again and pushed up to top prices, Union
paeifc. was lifted to a record nsQre az
O. smelling Sss. Biscuit "a, United states
Steel, Northern Pacific, Locomotive ana
Cotton Oil O. Canadian Pacific, Denver
a. Rio Grande preferred ana locking val
ley preferred IA.
Bonds were steady at noon.
Blocks of many thousands OF shares
were swallowed up as soon as onered ana
prices went higher wherever there was
any competition for stock. The most sen
Steel and Union Pacific stocks. Up 70 !
O'Clock Anaconda showed rise or IL
points. Great Northern preferred "a,
Northern Pacific L. Delaware a. Hudson,
aUldlRdhulttu lOppelB SaLhh.aP'iiS. ~,
Paul and sault Ste Marie g. the preferred
In st. Paul and Steel Foundrles pre-
ferred 2ia.
Operations on the long side OF the mar
ket were conducted with Increasing con-
iidence as call money receded to 70 per
cent Low priced railroads were heavily
bought especially the hard and soft coal
stocks. The price OF Anaconda touched
29l2. and there was further rise In
Amagamateh Copper 10 1895. Other gains
were Great Northern preferred s, l.ocomo-
tive and L. 8. Realty ., Canadian Pa
ciac and Chesapeake a OHIO 2 ontario X
Western u. and Erie and Atchison lAla.