The daily morning journal and courier., 1897-01-23
INTESTMENT NOTES.
Features of Interest Regarding Stocks and
 Bonds.

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 Bonds.
 The outlook regarding the markets for investment is regarded in the long run as favorable by E. B. Cuthbert & Co.,, from whose dispatches received at their branch office in this city the fol- lowing is taken:
 Stocks were weaker yesterday owing to the troubles in the soft coal regions, the dullness of the anthracite coal trade and the antitrust legislation which looms up. The firms weekly letter says:
 The appreciation of the great impor- tance of these bullish features in the stock market situation has not only had the effect of creating a confiden- tially bullish feeling with regard to the future among the large moneyed in terests and leading operators, but has favorably influenced the sentiment of the rank and file of spectators, and | has forced the bear party to confine | it's operations to moderate short quick turns. Of course continuous and un- | broken advances are not within the range of probabilities under any con- ditions, much less in the present nar- l ioW ehlio ibIdl SptCuldtlOu put we, l however, believe the general market will gradually work higher; as the l spring approaches the bullish condi- | tions then will be more pronounced, and tl,4s tt.41yc;e,,t1,7s..t and speculative d- mand will broaden.
 1 The closing selling of the market yes terday had more the appearance of a raid than anything else the pressure being specially directed against Dela- ware and Hudson, Jersey Central, Su- gar and Tobacco
 | Washington special-The cabinet has decided to foreclose on Union Pacific at once.
 | Senator Turpie will reopen the Cu- | ban question by calling up the Cam eron resolutions and speaking regard ing them. Sherman says there will be no unnecessary delay in disposing of the resolutions.
 New York, Jan. 22.There is a large short interest in wheat, and it is thought the shorts will cover before the publication of the government report. | Washington special--In the senate MT Sherman, referring to the impor- tunities urging action on the arbitra- ton treaty, said the committee has con sidered the treaty on two different oc- casions, and on Monday will take it up again, and hopes to then dispose of it
 New York, Jan. 22.-The Bay State Gas suit goes over from five to ten days. Counsel for bondholders and company are in consultation and will arrange date for hearing. The court has fixed July 26 for hearing the case. Insiders say there is strong likelihood of the case being settled out of court which will mean a. complete surrender of the bondholders to the company. If the suit is decided against the company the stock would undoubtedly fall low Er.
 New York, Jan. 22-The stock mar ket continues irregular. The heavy selling pressure, however, seems to have subsided. Bell & Co.'S brokers appear to have been the heaviest sell CTS of stocks to-day. In regard to the rumors concerning the financial status of the Hooking Valley, we are inform. ed that it's floating debt is about $25O,00t and that the interest due in February next on the first mortgage ' per cent bonds of the Columbus and Toledo railway, amounting to $S7,000, is in the treasury. The principal sellers of tn stock to-day were Hatch & Co. and room traders.
 The general market shows stub born resistance to attempts at further depression in prices.