The daily morning journal and courier., 1906-01-23
 YESTERDAY'S STOCK MARKET.
Striking Evidence Again of Breadth
 and Strength.

@AN 1N~ ~~hSNAN
 New York, Jan. 22.-The market gave striking evidence again to-day of breadth and strength, notwithstanding the continuance of heavy profit-taking. There was suggestion of the large professional share in the market in the systematic way in which the selling to realize profits was conducted and in the sClicitous regard to the effect on prices from this selling. The same thing was suggested by the sudden way in which strong stocks moved upwards, being galvanized by the passing of enormous orders through the market in individual blocks on a very large scale. The volume of transactions showed some shrinkage from last weeks daily average This was attributed in part to the Interruption of wire communica- tion with the west through storm dam age, as very large part of the partici- patton in the present market is suppos- ed to be due to western operators. There was also, however, some uncer- tainty aroused in speculative opinion by the very obvious way in which heavy holdings of stock were fed out to meet the growing public demand. It was not until the more general advance of the latter part of the day that this feeling showed signs of being dissipat ed The violent advances in one or two stocks recurring frequently for some time past have given rise to feeling of anxiety over the possibility of a cor ner which might bring the advance in the market to an abrupt end, as was the case at the time of the Northern Pacific corner, which eliminated in the midst of a furious bull speculation.
 Anaconda and Reading are the stocks especially pointed to by eonjectures of this kind. When they fell back during the morning dealings the effect was beneficial on the rest of the list Unit ed States Steel seems to be restrained by the uncertainty over the company's policy regarding an early resumption of dividends. Union Pacific and Amalga- mated Copper were the notable centers of the profit-taking. St. Paul, on the other hand, continued the aggressive advance begun Saturday, and reports were in circulation that the plans for financing it's Pacific coast extension would soon be announced,
 Railroad officials were strilxingly unanimous in their report of an easing of the car situation all over the coun- try, compared with the distressing shortage for many months past. The change in condition was attributed more to the remarkably favorable weather for operating than to any de- cline in traffic. Foreign exchange to- day was strong. The sub treasury con- tinued to yield large sums to the mon- ey market and rates continued easy. The news of the coming redemption of $50, 100000 of the Japanese internal loan is of future consequence to the money markets in which large amounts of Japanese funds are on deposit, includ- ing New York.
 The renewal of heavy realizing in Union Pacific and Amalgamated Cop per and the five-point spurt in Reading helped to unsettle the late market, and the closing was very irregular and few erish.
 Bonds were firm. Total sales, par value, $5,37O0O0.
 United States bonds were unchanged on call.
 NEW FORK STOCK MARKET