The daily morning journal and courier., 1906-01-25
STOCK MARKET FEATURES
BEARS INTERFERE WITH THE
 BULLS PROGRAMME.

District
 With a buoyant opening yesterda Union Pacific crept to above 16O, Brook lyn Rapid Transit to above 93, Denve and Rio Grande to 511k and Norfolk t 9112. Several other stocks, including Texas Pacific, made good gains. Thel Aprotit-taking occurred, and on libera gcale, and Union Pacific dropped of Alearly 3 points from the highest. Ther Fas very lively contest between bull ld bears in Union Pacific near tn Dose, and thousands of the share hanged hands.
 g All signs of Tuesdays nervousness and disposition to take profits were alb sent when the market opened yester day Although there had been heav. selling in London and that market wa down, the first prices here indicated ; Ereturn of the public and also the Nexecu tion of great many buying orders fo 7the short interest account.
 Union Pacific finally went across 160 $vith the supply of the stock. which ws IRAASACO cll lildI tl6 uLGb WGll dUSOIU6u #'he violent advance at the opening in Hcated that there had been a short in 7rest of large proportions made in it or he recent decline.
 R'he late break in stocks was led b, jon Pacific on report that the di kors had met and decided not to in, Nse the semi-annual dividend. Wal rect has been expecting an increase bm to a 6 per cent. basis. There @s no meeting of the directors, ant ene is expected for several days. he rise in Colorado Fuel yesterday Gied the stock nearly 30 points above price at the opening of the year stock for long time in 1905 hung And 35. Then 1t sold close to 50 sev. times in six months of trading and Ny touched 5S. The last 25-point ement has been accomplished in 4 three weeks time.
 st before the close active issues the lowest of the day.. Reading weak feature, and from 156M to considerable stock came out More sold between that figure and 155. Honda broke from 274 to 273 on the of 1000 shares. Then it declined ccessive stages to 2701a Very few were necessary to accomplish this. the stock lowered for quite a The whole market was unset " these movements.
 December gross earnings of the Nwestern increased $64S,3S6. For &nths the gain has been about S3,- Ing the sharp rise in certain the general market was subject #h liquidation, but it held fairly &'ise in Denver common was in with that of Colorado Fuel, the 1t being that Denver would have crease in business from the lat siness activity.
 was said to be good authority tatement that the Gates people loo shares of Union Pacific, Pacific and United States Aaondon yesterday.
 Lction in the afternoon was re- s Gates raid. The selling s1ally savage in Union Pacific. Knapp & Co sold 30,000 shares. Colorado Fuel and the Gould Ant down easily on stop-losa a discussion of the rate biH s had as much to do with late stocks as anything. Still thing new about this. It is 8 Sch can be used as a factor at She big people care to take it Common is expected to cross led on account of big in- Sbusiness. Chesapeake and Ang on the same theory.
 r stocks, such as Southern nnlon and Denver and Rio eh were run up sharply on ernoon and again yesterday Ire freely supplied in the End reacted moderately un- fdation.
 sa very general tip that de-
 ould occur at the annual
 meeting tomorrow which BB. R. T. sell to par. It
 (which is the best price of
 Has credited with buying
 Fares Of Union Pacific dur
 tpart If the day and with
 Responsible for the open-
 for semi-speculative
 led. One bond house
 worth, including Penn
 nvert1bles, Japanese 419s
 father 5s.
 yesterday in a usually
 uarter that one firm on
 bng Amalgamated stock
 arly $1,OOO,OOO in market
 ely in their market let
 -taking and what ap-
 Five against the market
 reaction before the eX-
 early afternoon hours,
 1g lower than Tuesday
 the last hour the sell
 ssumed larger dimen-
 orally throughout the
 eavy inroads into val
 were nearly the low
 in many cases much
 Fights. As we have
 week past, some reac-
 be. reasonable after