The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-07-12
ST0CK MARKET NOTES.
Hopeful Views as to the Markets Futur
stiirPrevaii-WallS Street and U. S. Rub
her Stock

Hopeful Views ia to the Markets Future
stiilPrevail-Wan Street and U. S. Rub
Der Stock.
The general trend Of opinion in New
York regarding Wall street stocks and
bonds, and many others, is that the re-
cession in prices will be small and that
further climb in prices will be made
this summer and fall,
Thomas IL Bolmer of Prince u
Whitley, New York and this city, says:
"This upward movement to the stock
market has come to stay. There may
be lulIs in the activity and reactions
from time to time, but there is no rea-
son for any one to be discouraged on
that account. Prices are on their way
to level higher than majority OF US
look for at the present time. However,
no one can reasonably expect to see
the market go up day by day without
recession. Temporary setbacks Will
come naturally. But the tendency Will
be upward"
E. d. Cuthbert & Co. say that prices
have receded to about the extent they
, indicated last week would occur, ana
that with any further recession stand
ard issues would be purchase, me
outlook is for higher prices later on,
/, especially so with the granger roads,
which will, from all indications, have a
fine business this summer and fall, oW-
| ing to the shortage of wheat and corn
crops abroad and the consequent de-
mand for all the surplusage of Amerl-
| can crops. III a number of European
countries, and in several others, the
outlook for the wheat crop is bad
The New York Post said on Satur-
/. day evening in its Wall street para
graphs:
| The selling of United States Rub
| Der stocks was chiefly liquidation, m
duced by anxiety over the resignation
of another director, Mr. Trenholm
yesterday. Interests that have preVl-
ously been well Informed asserted to-
! day that the payment of the next owl
/ dend on the preferred stock is at least
| uncertain, and some Of them look for
an early reorganization of the prop
erty. Reports have also been current
| for some time that the Benigan party
would again appear in the manage
| ment of the property. but not until a
| reorganization has been effected. The
stock fell off two points on lots sold
| yesterday, and closed at 52A for pre-
| ferred."
| Concerning the above a New Haven
man we'll acquainted with the subject
says: ANY reorganization talk IS man
ifestly little previous. What is there
to reorganize? The United States Rub
| Der company has no bonded debt, and
/ there is no floating debt The company
| is perfectly solvent and is doing an I'M
| usually rushing business It's stock is
depressed owing to the reduction of
| dividends and the lessened profits of
| the company consequent upon its re-
duction in prices of goods. The talk of
liquidation has no weight What liqui-
dalton was there in the stock last
week? Only paltry three or four
hundred shares were sold in the whole
week. Does that look like liquidation?
The company's directors are not sup
porting their stock as Is done with
| most speculative corporations whose
| stocks are listed In Wall street, The
company's directors never did do much
In this line. The large stockholders in
| this city who are supposed to know
the inside Of the company's affairs are
I not selling their stock