Omaha daily bee., 1912-01-20
new YORK STOCK MARKET
Prices of Securities Move Upward
Briskly During Day.
BUYING MORE AGGRESSIVE
Better Inquiry Evident, and In
Last Hour Demand Expands
Enough to send Up Qao-
tations Rapidly.

NEW YORK. Jan. la-Priees az stocks
moved upward briskly today. The stand
ard railroad shares. which have been dor
mant for the last week, stepped back into
the lead. and less attention was paid e
the speeialties which recently have al,
most monopolized speculative interest
The days volume of business was MOI
large, but the movement was u broad
and comprehensive one.
Buying was conducted In an aggressive
manner which reused the market from
its apathetic condition. A better inquiry
was evident all through the day. and IN
the last hour the demand expanded sui,
fieienuy TO send up prices rapidly. Nir.
tuallS the entire list OF active stocks
benefited by the movement. gains rang.
ing from l TO over points.
There was no apparent reason for the
change in the condition of the market
other than its technical position. The
short interest is believed to have been In
creased heavily of late and the buIIish
demonstration of the last hour resulted
In hurried covering.
The recent vigorous demand for bonds
was well sustained and 1t is probable
that the absorption Of these securities on
large scale was to some extent respon-
sible Tor the increased inquiry for the
higher class Of dividend paying stocks
The heaviest trading In bonds for some
time is now being carried on. not only on
private sales. The various tobacco and
new street railway bonds were traded In
most heavily during the carly part of the
month, owing to speculation in these
issues, but In the last few days the in
yestment demand has been more appar-
ent. with heavier orders for the railroads
and United States Steel bonds
Reading and the Hin shares made the
largest gains in the stock list. Reading $
gain was almost 4 points. and both Great
Northern preferred and Northern Pacific
rose nearly points. The Hin shares
took the lead early In the DAY and re-
manned its most conspicuous feature. Va
ri9ns uneenfirmed REPORTS were in cir
clllation TO account for strength Of these
shares The one most often heard was
TO the effect that the control Of the West
ern Pacific was to pass from the Gould
management to the Hin management,
Lsehigh Valley was followed closely at
the opening because II sold today ex-
dividend and without tho right 10 sub
scribe to the new issue OF coal stock.
with this deduction the stock was quoted
nearly 70 points lower, The first sale
was at lsl1, compared with yesterdays
close of 1874 The quotation later rose
a point. but there was no sign OF the
furry which II was thought might result
interest In this stock.
The tobacco stocks continued their me-
teoric rise. Liggett G. Myers rose lsh
points 10 1884 gain Of more than d
points this week. Lorlliard rose Q points
to 10 and the other stocks in the Amarl-
can Tobacco group advanced more slowly.
The December railroad returns began
TO come In today. That OF Baltimore d
OHIO was exceptionally favorable. A gain
In operating revenue of $4,000 and a cut
In expenses Of $4,000 combined 10 In
crease the net revenue by Ss5s.0oo
Money continued TO pile up at this CEN
ter and rates for time loans we're stlli
easier. cash gain Of sie.ooo,0oo for the
week was suggested by known movements
of money.
Bonds were strong. Burlington Joint d
and United states Steel Is were In espe.
ciaily heavy demand. Total sales, par
value, SiAeo Panama IS advanced q
on call.
Number OF sales and leading quotations
on stocks today were as follows: