New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-21
Closing prices of chief active bonds dealt in
STOCK MARKET OPERATIONS.

Opening prices in yesterdays stock market
showed in the majority of shares substantial
gains over the closing of the preceding day, but
in the last hour Of trading prices receded under
the influence of profit taking sales. The selling
pressure, however. was not heavy, and offerings
were we'll absorbed. while declines, as rule,
were confined to fractions Anaconda after
opening a number of points above Fridays
final quotations reacted on sales by interests
who were willing to put out some Of the stock
rather than bring about a situation which might
affect adversely the general market. The great
er amount Of Anaconda stock is held by the
Standard Oil interests, and the people who have
opposed the upward movement in the issue are
finding it extremely difficult TO secure the neces-
sary amount of stock with which to cover their
contracts, except at figures which represent a
big loss on their operations. Reading made a
new high record; also United States Steel pre-
ferred. Operations were heavy in volume. and
the irregularity which prevailed IN the late deal
ngs represented in great part the desire Of
traders to even UP their contracts over Sunday.
St Paul was active, strong feature. Bank
statement figures showed a large increase In
cash and a moderate gain in reserve, the fall
ure Of the reserve item to increase more in pro
portion to the gain in cash being due to the
heavy expansion IN loans which naturally was
effective in bringing about large gain in de-
posts. Loans increased more than S20.500,000.
rejecting the growing demand for funds at the
lower rates for loans from stock market specu-
lstors AS q result of all changes reserve above
legal requirement rose SO 800 925 TO S16,764,575.
which compares with S23 1913 800 at this time
year ago and $26,O72.675 in the same week in
1904 The increase in cash. amounting to nearly
So. 100000, and the gain in loans accounted for
the rise in deposits of over $32,0000OO
IT., 4J,n
various mercantile agencies in the week general
trade conditions throughout the country are
sound with no indication of unfavorable develop
ments in any department of business The mild
weather Of course. has had a certain effect the
retail trade but the general volume of business is
heavy in most lines, indication of which is
presented in the current heavy bank clearings
and enormous gains in railroad earnings. Bank
cearngs for the last week for all the chief cities
in the United States showed a gain of more
than 81 per cent, compared with the same
week year ago, while the latest reports OF
railroad earnings covering the second week in
January presented an increase of more than %
per cent, the greatest improvement being re-
corded by Missouri Pacific. Louisville and Nash
VILE. Southern Railway, Wabash, Minneapolis,
St Paul and sault Ste Marie, Denver and Rio
Grande and Colorado Southern In Canada ia
vorable trade conditions are also reported. as
reflected in the big earnings Of the Canadian
Pacific, which for the second week IN January
showed q gain Of S2T5O0O making from July
l q gain of upward OF $5000000
The Improvement in railroad earnings natu-
rally has attracted attention to the stocks Of
railroad companies which not paying divi-
dends as it is believed that the splendid results
now being reported by these roads in the pres
ent year viii be effective in establishing many