New-York tribune., 1906-08-21
STOCKS STILL SOARING
orrORD PRICES REACHED.
rr1tement on Change = Brokers
S;uamped scith Orders.

80. -,sorss in prices and volume OF sales
Ns..se at the stock market yesterday The
sf'e ,-.bIe rise in value continued all along the
-l'sb not one leader but half dozen. while
u ..-,sndous dealing induced by the high
e ss 20 all intents undisturbed by the
- ..v,ne Of many operators. Close OF busi-
.so,rsd total sales OF 2.S3s.5oo shares the
- s,nce the Northern Pacific panic while
- record Of 100000 shares for the first
y. hours was formed,
- pacific and Southern Pacific were active
.-.,,tsined their high place in the table OF
-. but several other stocks experienced up
..,,n.es almost as striking as those OF the
.s-,an. stocks. when the big dividends We're
D.-,ced. Atchison ran up to los. st. Paul
80 1885,, which breaks its high record this
steel common rose TO 46. within Il of a
- As high mark in the boom last January.
I..--s saaciic and Great Northern, preferred.
..,,-,o inactive IN this boom, took 20 them
-, rew life and jumped several points.
- we're piled thousands deep in the hro&-
oqpces and commission houses long before
f-s, .,,,g Of business. and continued TO flood
y n sov The actual labor of haraling these
- tsconing somewhat OF a factor in the
au -, Almost every brokerage house has
liking until midnight. and many have
~ extra men. The Stock Exchange Clear
-,o-,se has put on a large force of extra
y - - an Friday and Saturday nights many
-, al night. Restaurants and cafes which
s'l.. ensncial district ordinarily close at
- 80 running until midnight. and are Kept
~ -. ,be hundreds forced to stay downtown.
- r. On the London Exchange was heavy
r5 renorts showed much excitement,
,,,, rises Of note. The heavy traoihs
,os regarded as encouraging. 1t was
- ..,.orably in the sterling exchange rate.
,o,.ars were pleased az the noicatloh
-, ~ large gold imports
~ ,rading yesterday morning was Fei'iA. N"
and IN almost every case showed an
- in prices over Saturdays closing Inc
.o,s,ctio, reported was 700 shares OF
.--.-,il,e at l49. p point up. Next came o. rVO
-, rand Transit at 7S15. also 4 point
go Then began the deIuge of large olocNs
r;.,s- ,rjces. A sale OF Pennsylvania was
60 1000 shares at 14G@l461s. instead OF
80. saturdays closing price. and one OF IV'Ve'
-. >, Southern Pacific at 9115q9212' max
new high record. Union Paclhc' "li0"
,l...5 at lS44 on Saturday. sold 14.0OO shares
!. 1saH61S4lb few minutes later Union
r,.asc Vas I'D to 1S5, Saturdays high mark
Ten minutes after the opening several stocks
-.-s iumnIng I'D in wild excitement. Copper
-,r. 70 ILL.,. which was gain Of 2A points
,bors saturdays price American Smelling
,,Dss IS. points, touching 16412; Reading
znea ~ points going 10 14Oss; Anaconda
rut 10 2G9. an increase of Az points. and Atch-
ku went up 10 1914. 2l2 points higher than on
saday.
Son after the first hour of trading Reading
usse sensational advance from 14O where II
I'D been most Of the morning, TO l44A, with
rry heavy buying. Atchison rose sharply. ana
he rise was accompanied by stories that the
lsZt dividend date would show there, as IN
Union Pacific. an increase in the dividend rate
Missouri Pacific, which was very active, went
above par, TO 1902 On Saturday 1t was s'E'
and movement OF this size has not been noted
n this stock for several years. Rock Island
100 was unusually active.
Al the afternoon the trading was heavy
though not 50 great in volume as during the
frst two hours Of business. One of the notable
features Of the afternoon was the tremendous
trading in St Paul ard the swiftness with which
thar stock travelled up and down. Its upward
tendency. however. carried il TO 1935s, as COM
pared with 1855 on Saturday.
Brokerage houses declare that tine public is
Il the market" Considerable profit taking WAS
noted yesterday. according to analyses of the
Earket but II seemed to have little or no en- Iecl
ol The great volume Of transactions orders
hom all parts Of the country deluged the brokers
Jus; the same and the resumption of business
his morning viii disclose as many orders await
Ag fulflment, il All likelihood, as were stacked
y yesterday