The daily morning journal and courier., 1906-11-17
STOCK MARKET FEATURES
UPWARD MOVEMENT PRO-
 GRESSED FURTHER.

Call Money Continued Easy-specuIa-
 ton Broadened AIsO--Big Rise in
 Hill Shares-LOw Priced Issues Start
 --Money Returning to New York
 Which Further Helps the Bulls
 Promise of Good Bank Statement To-
 day-The Gossip.
 The stock market yesterday was ac- tive with the trend to higher prices continuing.
 The market broadened also specula- tion steering into new channels.
 New York exchange on interior points is steadily working to a level where a liberal supply of funds will be returned. Tn Tact, the known movements of money this week indicate the first gain since early in August. It amounted to $1,- 544,O0O.
 This promises very good bank statement to-day, unless the loan ac- count suddenly takes a jump.
 Interest was kept up in U. P. despite the shifting in speculation to Reading, Amalgamated and Rock Island, as H. C. Prick is regarded as one of the most conspicuous bulls on the present mar ket and Reading is his pet speculative stock, the activity had special signiff- canoe.
 At one time yesterday the best bid on Standard Oil was 800.
 The manifest reason is that leading cliques appear to be committed to high CT prices, and cannot afford to see serious break in prices, is given as the reason why stocks are going up.
 The September report of the Kansas and Texas was remarkable in that, of the $242419 gross gain, $22O,771 was saved in net The road is enjoying the same degree of prosperity that is dis played by all of the southwestern lines.
 There was considerable discussion in Wall street as to how far the suits against the Standard Oil company would influence securities and the financial situation in general. They have not been a factor thus far.
 Since the last inspection of this prop erty by MT. Gould there has been very good buying of Missouri Pacific.
 James J. Hill, who is in New York, is expected to leave for the west in time ito attend the wedding of his daughter, which takes place in St. Paul next Tuesday.
 The movement in Rock Island broad ened and the stock was the most talk ed of among the low-priced shares. After the Halgarten interest had ac- cumulated 50,0O0 shares pool was formed by several very speculative houses.
 In all, 450 shares of Standard oil sold yesterday on it's decline from $50 to 525. The stock closed at $40 to 545, as against 560 to 57O on Thursday,
 There is talk of coming big rise in Smelters common. Increased dividend reports will be heard soon. Allis & Chalmers preferred rose near ly points, Rubber common went to the best price since the dividend dis appointment, there was small move ment in Paper common, while Woolen Goods, Colorado Fuel and Republic Steel were more active. nhe tendency of currency to flow this way form the interior for the first time in months was regarded by all oper- ators and others interested in stocks as the one important feature of the day, 1 because making the turn in the tide. Rockefeller-Roger interests are sell | ing Standard Oil stock and buying St. Paul, Union Pacific, Pennsylvania, Am l algamated Copper and Southern Paci- fife. The manipulation of Reading, of which 250,0O0 shares changed hands dur ing the first two hours, was of the most open kind Late in the session Great Northern and No Pacific became very strong. The return of James J. Hill from St. Paul intensified the reports of an early "melon cutting" These are said to be | 30 per cent. for Northern Pacific and much more for Great Northern.