The evening world., 1903-01-27
Fall of Two Cents a BusheI
Helps to AIIay Fear Of Heavy
Gold Exports in the Near
Future.
LAWSON BooMs COPPER.
Edward A. Hartman Shows Faith In
the Outlook by Buying Heavily
! OF the Securities OF His Own
Raltroad.

The most important development in
me news of the day as affecting stock
vaiues was the sharp break In the price
% wheat here and in Chicago. May
iwheat's loss of two cents a buahel was
at once reflected in greater activity IN
stocks because of the conviction that
lower grain prices would encourage a
wider activity In stock dealings.
For several days the condition OF
the grain corner in Chicago has been
deterrent element on the Stock Ex-
change. Brokers feared that with the
maintenance OF such high rates for
grain here the exports OF grain must
fall OFF. This in turn would mean gold
exports in larger volume to meet Amer
lean obligations abroad and fresh dis
turbance in the none market.
Belief that Germany n England will
simultaneously withdraw the blockade
Of Venezuelan ports soon was so widely
spread that Venezuela was practically
removed as a market factor by noon.
Manhattan az" stock sold ex-rights
to-day. The rights were quoted at 8 81
points and the dealings in them were
extensive. Stockholders who go on rec
ord to-day are 10 share In the new stock
Issue of 81, 100000. The stock Itself was
totally neglected, very few trades In II
being reported. The other fractions
were only fairly steady, with the volume
of transactions limited, Ex-rLghts Man.
haitian stock sold at lag 3-i.
Thomas W. Lawson. the Boston mill
ionnire operator, whose specuiatlye
5000. 80 lua,y fn.a0ht lN- tha ANAL |
gamated Copper Company combination.
was the leader OF a pool In copper
which to-day sent that stock up over a
point and made It for A time the leade
The Steel stocks were unusually
strong and active. Dealings in them at
prices ranging from i-2 to a point nigh,
or were numerous, and insiders gave
the stocks good support. Peoples GaS
was also n feature OF the industrial list,
whale Sugar rose a point.
,Edy ara H.. Hartman was reported a
heavy purchaser of the issues of all the
roads he OWNS. and was likewise said
10 DO confident of q big boom soon In the
Granger group. Brokers acting for MIN
p~urshrsed Missouri Pacific Atchison
The HarrIman-Hawley-G Gould combina-
tion in Colorado Fuel and Iron. which
seeks TO list additional bonds on ne ne
notable activity In that issue today.
II ms bscn dormant practically, ever
since the new owners got physical pos
session. until its brisf squirt to-day.
Sine December report OF earnings of
h Central Railroad OF New Jersey was
made the basis OF an attempt 10 boom
company's net was almost wiped out
less than t35, 900 being left out OF $780,
CO Last month The sfos $50 Increased
IL mraa alan aaII that tho athAr coal
roads were showing equally good In
creases, and with their carrying capa-
city exercised to the utmost, have a
years steady work ahead. All the
roads were helped in to-day's dealings.
E-ie especially was notably strong, ad-
vaneing nearly a point
The HArrls-Gates-Drake combination
vAs actively. in the market. operating
extensively In Louisville a Nashville.
Chesapeake & Ohio and st. Louis & San
the bull side Of the market. after an ex-
tended period OF bearlshness Aiding the
Westerners In their present operations
are most OF the leaders of the so-called
"'Waldorf-Astoria crowd" who are pre-
dieting great activity in the railroad
group when the spring boom comes.
Steel issues and other stocks with New
Jersey charters were somewhat disturb
ed over the report on the Exchange
that bills would soon be introduced Mt
Trenton TO prevent corporations under
the laws of the State OF New Jersey
from converting stocks into bonds, as
proposed by the United States Steel Cor
poration, and also debarring corpora
lions from adding two shares OF stock
to their ca capitalization for each one Of
an absorbed company. Such legislation
would AFFECT many companies whose
stocks are traded In on the Stock Ex-
change and would change the plans OF
some proposed New Jersey corporations.