The daily morning journal and courier., 1905-11-28
STOCK MARKET FEATURES
ROCK ISLAND AND T. C. l. EK-
 CITED ATTENTION.


 Was Very StrOng-SmeIters and Lead
 ,BooIned AIso-Heaviest Trading of
 Year-M 0 was Weak .On Poor
 Esrnings-AtchisOn's Good Earnings.
 The big features of the day yesterday were Rock Island, preferred and com mon, which were very weak, and Ten nessee Coal and Iron, which gained about a dozen points.
 The Moores came out with a state ment that Rock Islands earnings were increasing, that the property had turned the corner that they had spent millions to improve the system, and that as to the next dividend on the preferred, that question was some dis tance off yet.
 President Winchell came out with statement also that Rock Islands earn ings were increasing,
 Rock Island shares fell off while the rest of the market was advancing. Finally towards the end of the day the report came out from Wall street that R. I.'s weakness was hurting the rest of the market.
 There were rumors that interests high in Rock Island circles were short of the general market and were trying to depress it. This idea was secuted by people near to Rock Island inter ests.
 The main stem of Rock Island is earning its way, but the road has too many new lines that are not product i've enough, and are drag on the sys- tenn. ....
 Rock Island preferred sold at 6O1$, a remarkable price for a per cent. stock in period of unprecedented railroad traffic. This break of about points was based on the fear that the dividend would be passed.
 The sharp rise in National Lead came according to prediction. It had every feature of the prolonged rise in Aneri- can Smelling. The latter ran up a lit- tie yesterday, but this was obviously done for the purpose of distributive sales. Lead was. put up apparently to help sell Smelling.
 Wide changes and large blocks of stocks were represented in the initial sales of Steel preferred, Union Pacific, National Lead and Amalgamated Cop per. Commission houses reported better business than for weeks. Tennessee Coal reached it's highest, 123H, just before the closing.
 The strength of Missouri Pacific in the face of net decrease of $SS, ,405 for September and the slump in Rock Isl- and was not very encouraging to hold CTS of it.
 Foreign markets were generally de- pressed on the unfavorable news from Russia. t.~ ~.> 4...
 Union Pacific sold at 13S, but met stock at that figure.
 The standard railroad stocks seemed to be pressed for sale on the strength of the specialties. .-..,.e.
 The bull pools in. Shelters and Lead had a, satisfactory day of it..
 The Southern Iron and Steel stocks were more. rbuoyant G than they have been. Tennessee Coal rose ii points; Sloss- Sheffield r and Republic Iron and Steel over 8. These stocks were all tipped widely yesterday morning, par ticularly Tennessee Coal and Republic Steel. f.., D |E&.~
 It was reported, that one or more, in- stitutions were large sellers of Rock Island securities during the last seven days. S~' lit is expected that some official an- nouneement will be made soon about the St. Paul extension.
 New York Central rights sold at 55s and 5% yesterday.
 The firm of Boody, Mcclellan & Co. has opened a brokerage office on the third floor of the Jones-Morgan build- ing, Waterbury; under the management of B. T. Lyons The office was opened yesterday morning for business. The quarters are handsomely fitted up and many followers of the stock market visited the place during the business hours.