The daily morning journal and courier., 1906-02-10
STOCK MARKET FEATURES
BULLS FEEL BETTER OYER
 RISING PRICES
Some of the Shorts Hastencd to Cover
 Holiday Next Monday--Gossip.

Some of the Shorts Hastencd to Cover
 Holiday Next NIonday--Gossip.
 Stocks were strong yesterday and
 had good rise and closed about at the
 top.
 The tone of the market was better
 and the rise was accelerated by cover
 ihe of shorts.
 The Hill shares rose to new high rec
 ords and evidences of activity during
 the day between representatives of the
 Hartman Hill Morgan group Tn addi-
 tion to thi.' the foreign situation. both
 financially and politically, has improv-
 ed
 Opinions were mixed as to the mark ct. Some argued that the top prices had been practically reached, others that stocks were in strong hands and going higher. You pay your money and take your choice.
 That Delaware and Hudson stock should rise in the face of this com pany's aggressive attitude towards the labor leaders showed one of the eccen- tricities of the stock market. A high- priced stock, of which there is only a small floating supply, largely held by investors, may be run up at any time py operators who are strong enough to conduct a movement.
 Brokers thought they detected eager ness to market Amalgamated.
 The $5Oo,OoO in gold coin, which the National Bank of Commerce engaged for shipment in Argentina this week, will not be forwarded until next Thurs day Another bank will also ship $75O,- UO0 to the same destination.
 Stocks were advanced in London to continue the advance here yesterday, but the weakest part of the movement was that the selection of leaders was from among shares that can be manip- ulated at will, and not from the more representative class.
 St- Louis Southwestern of. led the rise in the Gould stocks. Favorable earn ings and more disposition by the insid- CTS to support the market for their stocks helped the movement.
 The best buying in the Steel stocks in | the early trading came from the houses 1 with foreign connections.
 One view which is held among trad | CTS is that Union Pacific interests may have put up Great Northern and Northern Pacific in order to help dis l pose of their Union Pacific holdings Control of the market for the two stocks named by Union Pacific interests Is popularly conceded.
 Canadian Pacific has been declining on rumors of 3 new stock issue. Yester- day it rose on official announcement of a $20,000000 increase. The bull point is the rights, which are quoted at 12.
 The firm closing was due to the lead of Northern Pacific and Great Northern which reached the highest prices of the day in the last half i1our stock Exchange reports were again cur rent that the cause of the rise in the two stocks mentioned, as well as in U CAAOi "SAhS lldS arranged TOT the sale to syndicate of its large holdings of Great Northern and Northern Pacific thus enabling Union Pacific to convert Into cash considerable portion of its assets.
 In the first three hours of business Reading and Union Pacific contributed ] third of the total business, and these wo stocks, with Amalgamated Copper md Northern Pacific, made about 55 per, cent of the whole,
 From the preliminary returns If Hearing house banks bearing upon the weeks movement of currency. to-dav,s official bank statement out to show 9 oss of from $S,5oOOOO to $4,5OO, 900,
 The bull element in Union Paciec howed a little more courage. Probably he bulk of the buying was by the short interest. Partial derangement of telegraph ser ice helped the clique which tried to nove up stocks yesterday.
 The relatively small cash loss anoo,,r ged those who had been fearful of tbe market effect of another poor bank tatement.