The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-01-21
STOCK MARKET FEATURES
STRENGTH DISPLAYED IN Va
RIOUS ISSUES.

London Was a SeIIer.-B. & O's. Divi-
dend-The Rise in Western Stocks
Copper's DOings-More Gold Going
Out-PennsIyvanIa Had Support.
Barring Magoun & Co. yesterday with
drew s2S7,OO0 from the assay Office in
gold bars for shipment to Paris to-day.
Selling of Pennsylvania was attribut-
ed to the Gates following on the pros
poets of good turn realizable on the
threatened labor trouble. 1t did not
work very well.
The short interest in Amalgamated
1 Copper tended to check the decline dur
ing the early part of the day. 1t OPEN
ed rs down, at TAN, declined to 731s and
then rallied to IS again.
For the first time In six weeks the re-
suit on the market of Lawson's adver-
tlsement was practically nil. For one
thing, there We're no sensational charges
in it. J.
| New York Central showed a great
deal of strength, but the source of the
buying was not clear. Wall street was
suspicious in regard to the talk about
new rights.
Reading was allowed to rest, as the
pool is supposed to have accomplished
its purpose for the present in putting
the stock above 80. sF
American stocks in London yesterday
were generally weak and prices came
lower. Sentiment abroad was reported
as not bullish at the moment. The ar
bitrage houses had mostly, selling or
ders. |' tE'
Baltimore and Ohio directors viii dis
cuss the dividend question next Tues
day. The December net earnings in
creased about $4,000
1t was stated at the office of Speyer &
Co. that the entire s4O,OOp,O00 bonds of
Mexican Central have been sold. The
syndicate members have not been call
ed upon to make any payment what
ever on account of their interest in the
business. sS4.I.H -
The market was more artificial in
character than 1t has been in some
time. The big advances in the special
ties We're not convincing to the street.
The rise in st. Louis Southwestern
preferred was thought by the traders
to be due to manipulation by a clique
that sometimes works on inside inform
alton. @
With gold engaged for export up to
March Is, it is certain that shipments
Of the metal viii be an active consider
alton in financial affairs for another
two months at least
Brooklyn Rapid Transit was weak for
awhile on the prospect of the company
having to raise s2O,oo0,0Oo for improve
ments. 1t had some pool support and
rallied little on it, f.--.:.5. ......
i One Of the reports in connection with
4 the rise in Northwestern was that 1t
would be retired at $50 with a. 4 per
cent. bond. Talk of a larger dividend
on the preferred has been prominent
since Omaha raised its rate.
The rise in all Of the western rail-
road stocks associated in what may be
a future combination, including Union
Pacific, st. Paul and Northwestern,
were bid up in sympathy with Northern
Securities, which touched a new high
record. sS
Few people indorse the idea that
Union Pacific is after control of Kansas
City Southern, whose strength again
attracted attention. Union Pacific was
also strong and tipped by Hartman
. people ESQ the street had it) to be
bought on all dips.
Street opinion heard in the course of
the day was that the Gates crowd had
gone into Rock Island only to run up
against snag. Manipulation contem-
plated, it was said. did not seem to the
liking of all concerned in the welfare of
the stock. 5n%