The daily morning journal and courier., 1906-01-20
STOCK MARKET FEATURES
4 BIC DAYS YORK WITH RISING
 PRICES.

Reading's New High Record--Ana-
 conda Reported Cornered--Mexican
 Central Moyes--Open Winter and Sur
 plus Coal Stock--Strength of United
 States SteeIs.
 The market was lively and a very broad one yesterday. Almost anything was easily marketable. The Amalgan- ated Copper dividend puzzle was out of the way and a good bank statement to-day was indicated.
 Reading stock, which several times last year was reported as ''corneredss because of its erratic upward jumps in price, yesterday gave another exhib- ition of stock exchange pyrotechnics It rose to 1855. compared with 147 s-8, Thursdays closing price. Large deal~ tngs attended the advance.
 There was general commission house buying of Chicago Great Western pre- 1 ferred B. Since the directors decided to resume dividends on the preferred A the streets attention has been called to the possibilities and outlook for the B stock.
 The statement was made yesterday that all the coal companies now have i enormous stocks on hand, and owing to the soft winter the demand for fho product has been very much less than usual. "A strike would probably be a boon to the coal companies" was tho comment.
 ! The recent tip on American Lineeed i oil was made good by the sharp ad- vance in both the common and prefer red due to buying by brokers suspect ! ed of getting orders from "2G Broad ! way" There was no news other than that the company was doing we'll
 Mexican Central got a move on yes- terday; and sold above 28
 St Paul's advance was attributed to expectation that financial arrangements for the new Pacific coast extension will shortly be announced.
 The broadening tendency of the mar ket was commented on. It was only
 
 I Der of stocks traded in exceeded yes- l terday's total.
 The total sales yesterday amounted l to 1911, ,O00 shares.
 Delaware & Hudson sold off moder- ately on the news that a new issue Of stock has been recommended by the directors.
 On the report that the Anthracite Miners association had decided in In- dianapolls against a strike Reading was given another twist. It opened with 12.000 shares from 150 to 15I ia, ard then went LID another point, with even higher prices155 55-later in the day.
 :, The stocks of the Metropolitan Inter- bc.cugh Consolidation company were all depressed by the decision of the Ryan-Belmont interests to issue at :, once larger amount of common stock than had been originally proposed, and to change the terms of the exchange securities.
 1. The extreme violence of the rise in Reading and Anaconda was taken as confirming the belief that both stocks were virtually cornered. London Is said to be short of Anaconda. The active industrials were advanced still further, Steel preferred, for in stance, rising at Ill and the common going above 45 1-2 In addition Snelt- CTS, National Lead Consolidated Gas and American Linseed Oil moved ID sharply.
 The announcement that the Metropol- itan merger terms had been modified ' made the street less bullish than ever. The inside party had some supporting orders in both the street railway and the securities shares.
 There was nothing new to account for , the rise in Chesapeake & Ohio and On tario & Western, They had been quite for a long time, and the operators who i, are most active in the market appar- ently thought the time had come to give them a fresh lift.
 The future of Aanalgamated stock should be regulated by the raw meta market conditions, the prospects fol another increase in the dividend later in the year and such efforts towards the settlement of the Rogers Heinzs war as are made. There are good rea- sons for believing that the stock is now on settled per cent. basis and that any distribution above this will be in 1 the shape of extras. Anaconda drop ped 1-2 points and then rose 26. It is practically cornered. , The continued return flow of dividend money was further reflected yesterday in the weeks gain of l1,05o,O0O in cash which the banks reported. From thii
 has to be deducted, however, the $l 5 O0O00O gold shipment to Cuba, so tha
 the actual gain foots up about $10,000 900.
 , The railroad list was broad ana strong, with the main interest in it the rise of points in Reading, to 155; 1T
 St. Paul of 1-2 points, to the highes
 price in six months, and the strengtl of Union Pacific, Southern Pacific, New v York Central, Louisville & Nashville Atlantic Coast Line and the Gould anf
 Hill issues.