Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-26
LIVELY MARKET
AFTER CHRISTMAS
Opened Higher With Big Upshots
In Some Of the Special Stocks,
Anaconda Jumping Way Up.
SOON WENT FROM 220 TO ESQ.
Union Pacific Preached Its Record Price
Some Anamolons Features
Developed.

New York, Dec. 26.---I'he stock mar
ket opened active and higher with
buoyant up-shoots in special stocks.
Sales OF 5000 shares Of Anaconda were
made simultaneously at 220 and 2SO
and subsequent sales carried II to $50
by 10 point intervals. Saturdays Anal
price was PA. Third avenue was
marked up S points, and American
Smelling 3A. Running sales OF Union
Pacific carried 1t UP an extreme point
to its previous record price. l49%. Great
Northern preferred gained 2. Reading
Metropolitan Securities rs, Virgin
ia-Carolina Chemical III and Southern
Pacific and Brooklyn Transit point.
The stock market showed the usual
characteristics of strong, animated
and diversified movement, namely the
selling of one group of stocks while
another was being pushed upwards.
The result was carried wide fluctuations
until the list settled into it's bull stride
again. Anaconda reacted ~. Third
avenue "a, Smeltinfi PA, and Brooklyn
Transit and Metropolitan Securities ].
Metropolitan Street Railway and st.
Louis & San Francisco second preferred
both sold a point below last weeks
close. At II o'clock prices were NOV
Ing up strongly, the demand for the
u. $. Steel stocks and the Standard
railroad stocks arouslng marked de-
gree Of optimism. Virginia Carolina
Chemical gained S1a Analgamated
Copper 3h,. Union Pacific 2, Smelling
preferred and st. Paul IN, l.. & N.
IL, and Pennsylvania, New York Gen.
trail, Erie. Atlantic Coast line, Canadian
Pacific, Missouri Pacific, Northern Pa
cific, Republic Steel and U. $. steel
to IL.
Anaconda rallied from 2S4 TO 245, and
during the second hour stocks contin-
ued to be absorbed and new points OF
strength developed Some reaction oc-
Cured before noon. Union Pacific no.
tably falling back point and a few
others as much. Gains of point or
more were made by the Atchison stocks,
Illinois Central, Baltimore q Ohio, Nor
folk d Western, Southern Railway, u.
s. Steel, preferred, Pressed Steel Car
and Republic Steel preferred. Colo
RADIO Fuel was carried up rs; lead Ia;
Knickerbocker Ice preferred, ~, and
Federal Mining, q. Central Railroad OF
New Jersey fell AZ and rallied 2ha.
Bonds were firm at noon.
Scant attention was paid to the rail-
road list, the readiness with which the
specialtles responded to manipulatiye
tactics making them prime favorites
with the professionals who were max
ing quick turns Large amounts OF the
better grades of stocks were neverthe-
less quietly absorbed within trlhing
range OF prices. The feature OF the
midday market was the excited demand
for the coppers and the revival of inter-
est In the general industrial group,
particularly the railroad equipment
stocks. Beet Sugar moved UP 8 points,
Amalgamated Copper A. and ID. g. r. G.
2%. Anaconda mining got up TO 200
again, It's early high price.
The progression Of operations for the
advance finally took In the Metropoli-
tan stocks, Metropolitan street Railway
rising 1% and Metropolitan Securities
2h over Saturdays closing. Pacific
Coast gained 2h. Amalgamated Cop
Per touched l05, a gain Of AZ and Ana
conda Mining reached 255. Northwest
ern fell /, Tennessee Coal and Min
neapolis. St. Paul and Sault st. Marie
and the preferred ~.