The daily morning journal and courier., 1906-01-12
STOCK MARKET FEATURES
BULLS IN CHARGE OF AFEAIRS
 AGAIN.
Stocks Active and Buoyant--Money Conditions Easier--Industria Shares Were in FavOr--speculators Busy-- Gsnssin

Conditions Easier--Industrial Shares Were in FavOr--Speculators Busy
 Gossip.
 The bulls were in fuu control of the stock market again yesterday and prices were easily advanced. Money conditions were easier, and things look ed generally favorable for higher prices. So prices went up. The bulls were not niggardly, either. as they showed up prices literally and treated a good many stocks that way. About 15 per cent. of the entire amount of Union Pacific common stock was dealt in to a new high record price up to 156 7-S. Great Northern preferred rose over 10, and Northern Pacific, 1-2 points. Pacific Coast is- sues advanced from 4 1-2 to z points, Delaware end Hudson IA, North American 5, soo stocks from to 8 points. Anaconda 10 Colorado South ern to 2 1-2, and Denver and Rio Grande issues to 2 to 2 1-2 points.
 It was reported near the close of business that an issue of $5,O0O,0 GOO notes of the Missouri, Kansas and Tex as railroad is being arranged for through local banking firm, but there was no confirmation of this.
 Union Pacific was established above 156 before midday. The opening was a strong one. While there was quite a lot of stock supposed to represent inside selling the absorption was sufficient to take this on rising scale.
 The disappointment of Sugar stock holders was again expressed in liquida- tion at lower levels.
 ! Speculators were very busy yesterday trying to get into the swim by picking the leaders.
 The speculative regeneration of Southern Pacific is oneof the most cu- rious phases of current market serlti- ment, It touched 69
 About one-f1fth of the entire days trading was In Union Pacific, and one- tenth in Amalgamated Copper.
 Several of the low priced railroad shares showed fair speculative demand Among them were Denver and Rio Grande common, the Colorado Southern issues, Kansas and Texas, and the Du- luth Shore stocks.
 l Call money continued easy yesterday the ruling rate being about 1-2 per cent, and call money touching per cent The sub-treasury paid out $5O0,- 900 on transfer from San Francisco.
 The heavy selling of United States Steel common down to 43 1-2 by houses like Strong, Sturgis & Co. and Post S Flagg was based on reports that there was strike impending in some of the corporation's mills. Officials denied that such was the cas- s- --
 Foreign bankers here said that they did not expect any gold exports from New York either this week or next at any rate not to Europe. We might send some to South America.
 There was much better outside de. mand for stocks than has existed in week. An improved money position here and abroad helped it, as did also the reaction winch has occurred in some of the prominent shares. The short in- terest furnished a good deal of buying force, Houses with active London con- nections bought on liberal scale early in the day.
 There was quite heavy selling of United States Steel shares early in the day, firm with Philadelphia connec- tions putting out upwards of 20,000 shares This was alleged to be for an interest identified with the company. Traders took the cue and sold also. Late in the day the Steel stocks rallied sharply, and the shorts made haste to cover.
 The continuance of the Bank of Eng land rate at per cent. brought high- CT market here yesterday, as expected. 1 The existing short interest in Ten nesee Coal paid 158 for the stock at the closing.
 New York, Jan. 11.-A meeting of the directors of the Chicago, Milwaukee & St. Paul Railway Co. was held here to- day. At the close of the meeting 1t was announced that no action had been taken looking to the financing of the proposed Pacific line of the company.