The daily morning journal and courier., 1905-02-25
STOCK MARKET FEATURES
TALK As TO NEV FORK GEN.
 TRAILS ACTIVITY.
Union Pacific Again Active and New High Reeord-Lehigh Valleys New ,. Top Notch-AmaIgamated LitIga- fion-Missouri Pacific and Louisville Talk, Etc.


 New York Central braced up yester- pay and had notable rise, going as IFS as Iaa1s and closing there, making
 ehT handsome net gain of 7A points. There was talk of the large benefits
 that would ultimately accrue to the isnaln branch of the system, and a feel 55ng or assurance that these would ere Aong take tangible shape.
 Union Pacific had another big rise sas, sa5so, going up to 1S6 and closing at
 dividend.
 i've to Philadelphia Electric, Electric company of America and United Gas
 lnlpfoVement The shares of all were
 heavily traded in. 4,ss.
 ,,,;II The southern iron merger, it is said;
 VIII eventually be for the interest Of
 the United States Steel corporatoin.
 <. In connection with the violent rise in
 New York Central and Union Pacific,
 Just before the close, reports were per
 slstent that a. deal between the two
 companies was pending. One version
 had 1t that Union Pacific will issue
 ponds to take over New York Central.
 Various other rumors were current at
 the close. -E '-..-.re- zfo~5.~--.' .4
 Sentiment was favorably affected by
 Indications that to-day's weekly bank
 statement will be fairly good
 Louisville is expected to take good
 rise soon, so say some Wall street wise
 Lehigh Valley skated up to 69 yester-
 day, new high record. Reports were
 that. the Goulds were absorbing the stock. szsa..ze-=.z- %.... [gg--e
 Interests usually well informed as to Amalgamated Copper legal develop ments say that the decision in the Min nle Healey mine case. which Wall street is expecting will be handed down most any. day, will probably not come foI some time yet, or until after the ad- journment of the sixty-day session of the Montana legislature. A bill has been introduced to add two judges to the supreme court of the state. The subscription list for the $25,000,- < 900 Missouri Pacific bonds offered by Kuhn, Loeb & Co. was immediately closed at 10 o'clock 3. m. the amount offered having been many times over: issues could gain a good following Il & only Gould interests would put. out some kind of effort for a following t1 catch up to. Much of Missouri Paci, | fic's strength the early part of the day was on the announcement of the over. subscription of the bond issue. 5a$g %5 Ontario and Western was pom higher in London. It opened nearly as r much here and went to 55 Ray N Co. were buyers. An unnamed director of the New Haven was quoted to tht effect that the guarantee to minority stock would make it worth $S5 a snare Judges, there is no fear of the presen movement coming to an end until ac tivity reaches total of transactions nearer 5000, 900 than 100000 shares. The whole tendency of the marke $ was to get away from the T. c. l. affall < and to take its own course e. # The known movements of money fol N the week ended at the close of business on Thursday indicate an apparell5 n ne 8 gain in cash for the banks ot $l ,955, SoV o M The banks gained on balance from thu & interior currency movements Ss.g22.Suy from which must be deducted s7a9 tst Y gold coin shipped to South America ane *$ S1 .219,000 lost to the sub-treasury.