New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-13
.Unnstsd. Tex dividend
Closing prices of chief active bonds dealt in,
with net changes, follow:
STOCK MARKET OPERATIONS.

noteworthy increase in the demand for
stocks for the account of public operators and
further transactions for higher prices by the
important speculative interests who have been
identified with the bull side of the market for
many months were responsible for large vol
une of dealings throughout the day on an adj
vancing level Of values. In many issues sharp
gains were recorded. notably in the case of
Great Northern preferred. Missouri Pacific
Northern Pacific. the copper shares. Atlantic
Coast Line and the Wabash issues while
throughout the list generally substantial i'm
provenaent was reported. final prices being at or
near the best figures OF the day. People who
are working for lower quotations have little
success in their operations. and the chances are
that there will be no material setback in prices
for many weeks TO come, barring, of course ur-
expected developments affecting adversely the
position of money and business in this country
At the moment there is absolutely no sign of
trouble in any department Of trade The ac-
ttvity and expansion which now under way
in the metal trades are attracting increased at
tention TO the shares of the steel and copper
companies, and it is quite probable that in the
course Of the current year much higher quota
tons will be recorded for all the first class
stocks of this group. such as Amalgamated
Anaconda. the United States Steel shares and
the issues of some Of the smaller iron and steel
concerns.
The present demand in all departments of the
iron and steel trade is heavier than the capa-
city Of the various plants. but despite this fact.
1t is not believed that there viii be g. material
advance in prices, the policy of the iron and
steel interest being to maintain stable quota
ton level rather than exorbitant figures. which
would discourage buyers Tennessee Coal and
iron and Sloss-Sheff1eld shares were well bought
yes vvn ba T-,i+
also were in demand. Union Pacific was again
active and made new high record. selling at
1854 and closing at a net gain of nearly 2
points. In the last hour AmaIgamated Copper
vas one of the strongest features on the list
while its total transactions for the day were
heavier than in any other issue Anaconda also
was strong. Erie on heavy transactions gained
nearly two points. while other strong features
of the railway list not already mentioned were
st Paul, Atchison. Canadian Pacific, Chicago
and Alton Denver and Rio Grande. which
advanced 4 points; Illinois Central. Norfolk and
Western and St. Louis Southwestern The up
ward movement IN the Gould shares was a
feature which attracted considerable attention,
owing TO the fact that these issues for many
weeks practically have been inactive The up
ward movement was helped by the success of
the Missouri Pacific 100000 note issue, which
was sold for only trife under par. Sentiment
was bullish at the close, enthusiasm on the long
side Of the market being due in part to the
prospects for q favorable bank statement to-
day. The actual receipts OF money from the
interior were over ST. 10000. Total sales of
stocks were .905.12S shares.
According to the known movement of money
In the week the local banks have gained net
more than S12,000.0O0. and it is therefore proba-
BILE that to-morrow's bank statement will make
most encouraging showing, especially as last
weeks return failed to present the increase
which took place in the supply OF money at this
centre. With money returning to New-York in
volume the outlook, OF course. favors a period Of
relatively easier rates for loans and a higher
market for sterling exchange. with the proba-
bility of exports of gold in the Of the
next few weeks. Although conditions in Eu-
rope are better than they were a few weeks ago
the foreign capitals still anxious TO increase
their holdings of the precious metal. and Paris
and Berlin both likely TO renew their de-
mands in London for the metal London is also
forced to supply South America with gold, but
fortunately for the English capital, large
amounts Of gold are the way to England from