Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-12-23
MANY STOCKS SCORED
Notable Advances Despite IT.
regular Tendencies.
WIDE INVESTIGATION
Transactions Again in a Very Large
Volume.
LOCAL FRACTIONS FEATURED
Peoples Gas Runs Up to Nearly Six
Points-So-Called Railway Spe-
cialties Score Advances.
DIvERSIFICATI0N
LOCAL FRACTIONS FEATURED
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 23.-There were
a number Of curiously conflicting move
ments in the stock market today, al
though the irregularity exhibited by the
dealings was by no means remarkable in
view of the season of the year and the
recent past speculative performances.
For short time after the opening Of
business the market exhibited renewal
of the strong tendencies which charac-
terized the trading yesterday, and more
especially in the last hour of business.
On the early rise large number Of
stocks scored advances of from one to
two points or more, while Peoples Gas
shot up nearly six points.
With the course of the morning, how
veloped, and these were maintained
throughout the remainder of the business
session. Transactions were again in very
large volume. and the dealings reflected
an unusual wide diversifcation of Specu-
lative interest. The days general stu
alton was, on the whole. featureless one
so far as important changes in funda-
mental conditions were concerned.
The London stock market showed the
usual ante-holiday dulness. but was gen
orally steady, with. however, no little ir-
regularity in the American department.
Operations here for foreign account
SHOWED tfIHlnS net results.
Banks Loss.
Money market and foreign exchange
circumstances remained upon recently es-
tablished levels. and the commodity mar
kets showed no extensive price changes.
The banks have lost in their operations
with the subtreasury, up to this morn
ing. more than ST, 80, 900. but as the
stock market will be closed Saturday
little interest was expressed in the out
look for the weekly bank statement
AS already mentioned, the transactions
in the stock market set forth very
wide distribution Of interest. The local
traction stocks continued prominent fea-
lures of the dealings. and We're generally
very strong. although the fluctuations in
Brooklyn Rapid Transit were quite err
ratio.
The most extensive maximum advances
in the Industrial and miscellaneous issues.
including the already noted rise in Peo-
pies Gas, took place in Amalgamated
Copper, American Smelling, National
Lead and American Cotton Oil. The
United States Steel shares were compare
The exceptional strength in Peoples
Gas was accompanied by reports to the
effect that the company was arranging for
some important financing of its affairs.
but these statements did not take a very
definite form.
Railways Prominent.
Union Pacific. Southern Pacific and
Reading occupied the usual position in
the railway list in respect Of activity
and were all irregularly strong. The
most extensive maximum advances in
that department were in some of the So
called specialties, including Omaha. Wis
consin preferred, St Louis and San
Francisco second. preferred. st. Louis
and Southwestern and Chicago Great
Western.
The striking rise in Omaha on very
small transactions excited some atten-
ton.
The Wabash issues were reactionary,
doubtless because of the absence of any
specific explanation of their recent extern
sive advance.
Generally speaking, no very urgent eff
forts were made to find specific reason
for the movements in particular stocks,
and Wall street seemed to be quite salts
fed with falling back upon merely tech
meal explanation.