Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-12-10
AND
COMMERCE
Wall Street

traordinary variety in the issues
dealt In on the stock exchange today
and very little news to account for he
newly revived interest in them. Trans
actions were made in a large num-
Der of securities that have not an
peared on the tape before in months
past and only a few times in he
course of a years activities. Others
which customarily occupy a place in
tho battle-ground, were rushed for
ward to the conspicuous forefront of
the market. The eau was n
very large scope of different securities
of which sales We're made and some
sensational price changes when com
pared with preceding quotations.
There was a corresponding retreat in
to comparative obScurity OF many of
the stocks, which have furnished the
staple for speculative activity for
man. months. The former leaders i'm
the market were quiet in tone and
moved but little. In some respects
such a market may be accepted as a
reflection of a broadening tendency in
the interest felt.
NC due STANDARD stocks
which are the more representative Of
general conditions are always first to
move in a speculative advance and il
is not unusual for lower grade. less
representative stocks to be brought
into adjustment to the rise in a be-
lated movement. BY the time this
process has stirred up a movement i'm
stocks of which any value is profile
matical, the inference is drawn by the
practical market operator that a
movement is approaching its culmln-
alton.
Ihere were appearances to g
such a conclusion in today's market.
but there was less readiness to accept
1t, owing to the number of times OF
late when such signs failed. Today's
market, in fact. vas remarkably free
from pressure or from hostile at
tempts to reverse the prevailing ten
dency In spite of the admittedly sus-
picious appearance of the movement.
Tho effective control has bcen so Of
ten demonstrated by the directing
leadership that confidence is main
tanned in its ability to push prices
higher by main force if it SHAH so
eject. The bear contingent is timid
about contesting so powerful a con
trol, M leaves the advance little
contested There was a fairly cffec-
tive demonstration in the trunk line
group. including the coalers, during
the day. This was the only notable
exception to the performance of the
low grade stocks j nthc days dealings.
The advance i'm the Western Union
dividend was a favorable factor.
Amalgamated Copper ........ S4%
Amer. Car and Foundry ..... 46X
DO pid ..1OSR
Amer. Cotton Oil ........... 43K
Amer. Tel. n Tel .......l2S
Amer, Hide and Leather pfd 36H
Amer. Ice Securities. -. ...... 25%
Amer. Linseed 16M
Amer. Locomotive .........,. sc
40 pId !
Amer. Smelt. and Refng ...... DIX
40 ptd .106%
Amer. Sugar Refng ..........13
Amer. Tobacco pfd .......... 94M
Amer, WOODEN ............. 80
Anaconda Mining Co ......... 5O%
AichlSoh e IS "a
do pfd ...................1 02M
Atlantic Coast Linz .........11OM
Baltimore and Ohio .........1O
do, pfd 90
Brooklyn Rapid Transit ...... 81
Canadian Pacific .............G77%
Central Leather ........,.... 29h
90 pId ...lO1 "
Central of New Jersey ......2tSM
Chesapeake and Ohio ......... SIS 4 |
Chicago Great Western ....,,. 11M