The daily morning journal and courier., 1906-01-13
MARKET FEATURES
RULLS sJUBILANT AND RUSH UP
 PRICES

Bears NoA in sight-Public Helping
 the Bulls-U P's. Dizzy Height
 Banks Gain Largely in Cash--TaIIx of
 Big Doing E Next week-Gossip.
 The bulls shad it all their own way again yesterslay and rushed up stocks to beat thei band to use a colloquial expression
 The transactions yesterday reached the total of f18O,0O0 shares, and higher prices were marked all around the board
 All classes of securities were eagerly, caught up in the tempting display of rising prices!
 Money rates declined again on an ay- craze, and the banks have gained S4.- ,O00 from the sub treasury, while there is no prospect at present of gold exports.
 Everything being so rosy, there was no trouble in lifting prices.
 The Union Pacific dividend meeting will probably not be held until Febru- ary, so it is said now in well-informed quarters. The dividend is not payable until April. From the same sources from which comes the new information as to the probable time of the dividend declaration 1t is learned that the stock will probably be treated so liberally in the way of dividends that price of $17O share, at least is likely to be made prior to the forthcoming disburse- ment.
 Missouri Pacific renewed it's S6,O0O,0OO of two-year notes yesterday, which mature next year. At first Missouri Pacific Jagged, as this was thought to be new obligation, but it wasn't.
 The bull element are doing now what they always do in campaign of this sort-sending buing orders to London every night to make a strong opening here the next morning.
 Good judges of the investment mar ket, the January investment demand, which usually gees into gllt-edged bonds, said yesterday that it is mani Testing itself very largely in stocks of high grade measured by their selling prlces-sueh stocks at Great Northern preferred, Delaware and Hudson, Penn sylvania and the like. Speculative bond issues are also coming into favor.
 There was leaned $15,0O000O 5 per cent money by the First National, Chase and Bank of Commerce by mid day
 A prominent banker was quoted yes terday as saying that Pennsylvania stock was about the cheapest invest ment in the list,
 New high prices were again made for the Hill and Hartman stocks. Great Northern preferred sold above 32O and Northern Pacific to 211
 Since the first of the year industrials have shown an average gain of AZ and railroad shares of 1 points Both are at record levels,
 The popular belief yesterday was that some deal for the transfer of the Great Northern iron ore lands to the United States Steel corporation is virtually completed and will be announced soon.
 Union Pacific rose to 1884 and closed at 15Sh.
 The most active stocks yesterday were Amalgamated Copper, of which 220SOO shares were dealt in, and Union Pacific common, with total of 214, 800 shares
 Sugar sold back to about 150, having lost all the gain it made on the reported melon-cutting. Those who were caught with the stock at the high prices sold out in order to. get into other shares with a better market outlook
 The liquidation which was popularly supposed to have been going on in United States Steel stocks Thursday and the day before disappeared yester- day. There was what appeared to be very good absorption of the preferred stock. The common, however, rose only moderately.
 In a market of such proportions the trading operations were on a large scale. In addition to the commission house buying for the public, there was heavy pool demand and the manipua-