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Stocks End Year Higher Amid Bear Cover and Rally
On the last trading day of 1906, a bear cover rally aided by clearing house assurances offset a weak money market. Reading and Union Pacific led declines earlier, but gains in Reading, Union Pacific, St Paul, Pennsylvania, and Reading helped close near day highs. Money rates and liquidity remained tight, with overall market volume showing a record year for 1906 on both the New York and Boston exchanges.
MENTIONED IN THIS ARTICLE
Wall Street
Finany
Hill St. Paul
State Street
Reading
Union Pacific
Pennsylvania
Amalgamated
Anaconda
Atchison
St. Paul
Great Northern
Northern Pacific
Steel Cominon
New York
York
Boston
Copperlange Company
Montana Ore Purchasing Company
United Copper Company
Yhe
Treasury
Montana
United Copper Pany
S. R. Gutierrez
George A. Fernald & Co
Moorer & Co