Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-19
BuIIish Enthusiasm Marked To-
days Dealings.
MANY STOCKS SCORED
Amalgamated Copper Meeting Failed
to Depress Prices.
WHOLE LIST OPENED STRONG
Transactions Unquestionably Denoted
Growth Of Outside Participation
Southern Pacific Prominent.
WHOLE LIST OPENED STRONG


Special Dispatch to The Star.
NEW YORK, January 19.-Bullish en-
thusIasm ran high IN the stock market this
morning, and the stocks that did not score
a substantial advance relatively or ac-
tualy heavy dealings was the exception
and not the rule.
High-prioed issues. medium priced issues
and low-priced issues were treated without
any discriminating favor by purchasers.
and Mexican Central in its own way, was
as aggressively strong as was Reading or
St. Paul.
The market acted very much as though
the Amalgamated Copper meeting yester
day afternoon had, long as 1t was still
10 be held acted as deterrent to the up
ward movement. AT all events, with the
meeting over and the best or the worst
known, according to the point of view, the
whole list opened this morning with pro-
nounced strength and some spectacular adj
vance, notably in Reading.
Record of the Bullish Advances.
From hour to hour thereafter a chronicle
OF the market could perforce be nothing
more than a rather monotonous record of
bulish progress. To illustrate the breadth
of the dealings 1t is only necessary to say
that among the leaders and followers in
the movement were Union Pacific and
Southern Pacific, American Smelling and
National Lead Amalgamated Copper and
Anaconda, Reading, st. Paul, the United
States Steel issues, Pacific Mail Mexican
Central, Consolidated Gas, Ontario and
Western and Linseed Oil
The dealings unquestionably denoted the
growth OF outside partici pa ton, as well as
the manipulative activity of the bullish pro-
fessional contingent. while the buying in
some OF the higher-priced issues notably
Reading st. Paul and Union Pacific, can
be safely asserted to represent a continual
tion of the accumulation for important in
1erests which are well advised of the prog
ress OF certain plans affecting favorably the
position of these and related properties.
Southern Pacific Buying.
The buying OF Southern Pacific was de-
scribed as the best seen In a long time. and
1t would indeed be remarkable II this stock
did not speedily take the speculative place
SO long held by Union Pacific, which would
appear TO be on its way out of the market.
The local traction stocks showed more an
imation and strength than in recent ses-
stons. the development of activity being
ascrloed to apparently well-founded reports
mat changes had been made in the merger
plan. which improved the position of the
securities that are to be taken over
Amalgamated Copper and Anaconda were
very strong, and their course today would
seem TO go far to accomplish the end of
certain notorious bear operator in Copper
stocks so far as concerns following.
Outside Routine News.
Outside the routine news DEVELOPMENTS
of the day. the most important was the
announcement of a meeting of Delaware
and Hudson stockholders next month to
authorize an increase in the capital stock
OF S7,oO1OO0, in order to provide for the
eventual exchange of a proposed issue of
sl4.GO,000 of 4 per cent ten-year debenture
bonds.