The daily morning journal and courier., 1905-07-28
STOCK MARKET FEATURES
MORE SPIRIT AND ACTI"ITY
 YESTERDAY.

Even the Southern Stocks Were Strong
 -CoaIers Went Higher Too, Also U.
 P.-Eries subsided-Proft Taking
 Appeared-NicIxeI Plate Got Active
 Bull Talk on Republic steeI-POOr
 Showing of Wabash, Etc.
 There was considerably more life to the market yesterday than of late, and more bullishness was evinced in re- sponse to the continued favorable con- ditions.a
 There were more liberal operations for the rise.
 Probably the placing of Erie second on a dividend basis helped the bullish- ness and confidence. The Fries Jagged yesterday because of liberal profit talk ing by those who had inside news ahead of other folks.
 The market drew an inspiration from the cheerful feeling abroad arising out of the advance in Russian and Japan ese bonds, which was continued at London yesterday, indicating hopeful ness as to the peace prospect.
 Even the Southern stocks rose, de- spite the alarm in New Orleans and the quarantining.
 There was no pressure to sell and no baar +aIIy TTbaSa. will oor,n ,1rba,, yNr;ooe. get high enough.
 All the coal stocks were buoyant. Even Lackawanna, which now belongs practically to the 400, judging from it's price, became skfttish on Fries pros perity, and advanced also.
 The sharp rise in Nickel Plate shares was traced to the same operator who bid up Delaware and Hudson and New York Central. This man is credited with most of the moves in the minor Vanderbilt issues. Reports were rife that there were dividend increases con- ing.
 The rise in Republic Steel preferred was on talk of a dividend in Septem- Der. Officials of the company now in New York speak in enthusiastic terms or the Lfdue SlLuaC1On'
 It is now argued that Erie will bring out more bonds for improvements and that the prospects of disbursement on the common are very remote.
 One view held was that a speculative pool, reported to hold from 3OO,0OO to 500000 shares of the Erie common, had expected that the second preferred div ident would induce public buying of the junior issues. No such absorption was noticed yesterday. Some criticism was directed to Erie's need of new capital for improvements and it's difficulty, on recent occasions, in securing what it wanted on advantageous terms.
 Nickle Plate shares were ? to 2a points higher, in addition to the ad- vances previously made. It was urged that Nickle Plate will go into the New York Central system.
 Illinois Central was bid up by Strong, Sturgis Ss Co. to about the price it sold before the last dividend was declared. Its strength, in view of the yellow fever scare at New Orleans, is signiff- cant. 'I
 Amalgamated Copper sold ex-divi- dend of IA per cent. yesterday, scoring a moderate gain right at the opening and holding most of it throughout the day Greene Copper, United Stopper and other minor shares were particu- larly strong on the Broad street curb.
 Wabash made a very poor showing for June. the net decreasing $256, ,3O6. The result for the year is a net loss of $1, ,157792. There was an increase of naarIv $3 mo 0OO in onnra fin tr eyDapeoe
 The strength of the Pennsylvania group recalled the fact that these is- sues led the rise which began on June 10 last. For several weeks they have been quiet. Wall street was generally asking whether the taking of these stocks yesterday meant that another move is under way.