The daily morning journal and courier., 1905-06-09
STOCK MARKET FEATURES
ANOTHER VERY DULL DAY WITH ' PRICES STRONG.

Only About 30C,O0O Shares Dealt ln-
 Peace Talk Holds Prices Firm-L. &
 N. Active-Various BuIIish Features.
 The strong talk of peace negotiations helped make the stock market firm yes- terday.
 But the market was again very dull, and only about SOO,OOO shares were traded in.
 The advance, however. failed to cause any broadening of speculation.
 The Missouri Pacific Railway declar- ed the regular semi-annual dividend of 2 1-2 per cent, which removed previous apprehension as ta reduction in the rate.
 A favorable feature was found in the bond department, where 8 large busi- ness was transacted in the Japanese is- sues, partly for investment at a higher level of quotations.
 The transfer yesterday of an addi- tional S100,000 in currency to New Or leans following the initial movement of Wednesday, indicates clearly that the periodical outflow to that center has begun. ~...
 An impetus was given to the ad- vance by London adyices to the effect that the external debt of Japan would be unified An increase in the May gross earnings of the Great Northern of s622,000 was accepted as further evil T ze AL u of the country.
 The position of European markets and the apparent eagerness of foreign banks to make heavy loans to@Wall street borrowers is suggestive of the source from which additional capital may be secured should conditions re- Quire it.
 The Gates following was quoted as being enthusiastically bullish on Read ing. It was one of the stocks that Lon- don bought yesterday.
 When the pool in Southern Railway bid it up again yesterday London SUD- piled more stock. The foreign market has been, the largest seller on the 1-2 point rise.
 Chicago selling was blamed for the | further decline in Corn Products pf. Insiders do not speak encouragingly of the future, but at the same time they deny that there is any foundation for some of the alarming reports recently sent out from Chicago.
 After making a further demonstration in Southern Railway commonsthe Gates interests took up their former favorites, Louisville and Nashville and Atlantic Coast Line. The old report of a guar anteed dividend was up again.
 The crop accounts continued general ly favorable, with the exception of the Kentucky report on winter wheat, which showed low average of condi- tion. This state. however, is not a large producer.
 Trading in Peterborough Rapid Tran sit was fairly active and the price scored further substantial gain,
 Licuidation broke out again in Steel Boundaries pf. On Tuesday the stock stood at 50, yesterday at 40. It is now nearly 2S points off the April price.
 The Equitable Life situation still con- tinued the principal influencing factor, in that it restrained buying of stocks. It did not prompt any particular sell ing. <. .. H
 There was what was called good buy ing of Louisville and Nashville entirely outside of the operations of certain speculative interests frequently promi- nent in the stock. Atlantic Coast Line was also well taken.
 Activity in Missouri, Kansas and Tex as and Colorado Southern suggested a renewal of activity by the Hawley in- terests in these properties.