Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-12-08
PRICES RALLY TODAY
Significant Stock Movements
for the Week Opening.
SOME EXTENSIVE ADVANCES
So-Called Specialities in the Back
ground.
NO LIQUIDATION EVIDENT
Americans Dull and Irregular in
London-Commodity Markets
Moved Irregularly.
SOME EXTENSIVE ADVANCES
NO LIQUIDATION EVIDENT
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December S.-Active spec
ulative interest showed distinct signs to-
day of reverting to those stocks which
were the conspicuous features of the mar
ket previous to the election and for a
fortnight after that event. Union Pa
cihc. Southern Pacific. Reading and the
other issues. the movements In which
virtually dominated those in the remain
der of the market. forced to the front
again today In respect of animation and
much less attention was accorded to the
so-called specialtieS which have of late
occupied the center of the stage. At the
same time number Of the securities Of
the latter description made extensive ad-
vances In today's dealings.
In a general way the publication Of the
Presidents message to Congress was re-
ferred to as the chief Influence In tie
tendencies of the days stock market. AS a
matter of fact. the message furnished no
surprises to well informed capitalists. and
1t remains to be seen how its general
tenor will impress the public at large.
The rally in prices today was In all
the circumstances of the markets case
more or less involved in the sagging ten
denc'es of the asst two business sessions.
General liquidation is still missing from
the transactions in the stock market, and
beyond much question the sudden breaks
"
upon occasions of late, have been due
to aggressive operation for the short &C
count. At any rate it would have been
very difficult to have selected from the
days general situation any novel or i'm
portant development to which the course
OF prices in the stock market could be
assigned.
London Generally Heavy.
American shares were dull aand irregu-
lar in the London market which is gen.
orally heavy because of the opening of
the fortnightly settlement and the rumors
with regard to the health of the King
OF England. Operations here for foreign
account were not. however, upon a suffi-
c1ently large scale as to amount to a
live influence in the local transactions.
Sterling exchange was strong, but
money market conditions showed no ma
terial alterations. The banks continue
to lose in their operations with the SUBJ
treasury, this mornings figures showing
a disadvantage amounting to more than
S2.200,00O.
The commodity markets moved irreTu-
larry. and grain prices furnished little
further reflection Of yesterdays govern
ment crop report. ...
Movements Fairly Uniform.
Price movements in the stock market
and In the various departments thereof
were fairly uniform. In the industrial
and miscellaneous group Pacific Mall ad-
vanced smartly in connection with the
notions that shipping subsidy law
might be enacted. All Of the American
Tobacco issues were notably strong.
consolidated Gas was firm. chiefly be-
cause Of the possibility that with the
passage of another week the long-ex-
pected favorable decision in the eighty
cent gas case might be rendered.