The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-03-02
STOCK MARKET FEATURES
TRE"HEALTHY REACTION" FOL
LOWED BIZ UPWARD sPURTs.

GRenewed Strength in L. Ns U. y. and
Atlantic Coast Line-Sugar Stirring
--B. and O,s strength-B. n. Us Pool.
& The check and set back the market
got on Tuesday was declared a
healthy reaction" and stocks re-
bounded yesterday, particularly those
which a short interest excited. N. T.
Central and i. & N. were strong Tea
lures, and Sugar started up and acted
strong. The regular dividend is on Su-
gar, After a while Sugar behaved
rather queerly, due, it is now said, to a
lot Of 5000 shares coming out. There
was talk of a coming unfavorable
show of earnings.
Amalgamated Copper showed good
deal Of buoyancy, but no effort was
made to put it up. 4.
The stockholders Of the United
States Steel corporation, will hold their
Il dIlI1udla IlGGtlll5 Uil apr -
| close March II and reopen April u.
The office Of the general manager OF
the Denver and Rio Grande railroad
system, which has been vacant TOR a
long time, was filled yesterday by the
appointment Of A. G. RidgeWay. Rio
Grande preferred. which pays per
cent, is regarded fayorably by many
market advisers. Et "
The promoters Of the United States
Leather company reorganization plan
to have a free hand had to acquire the
consent off rs per cent of the holders
Of each class. For a long time III was
doubted whether they could get hold Of
enough preferred stock to do It. At
present between IS t. and s. per cent
Of the preferred stock has assented to
the plan, the holders either depositing
it or selling it out. w.
The time for depositing stock in IA
vor Of the voluntary reorganization Of
the American Ice company, which ex-
pired yesterday, has been extended to
March ~. 1t is stated officially that a
majority of the stocks of both classes
has been deposited in favor of the plan
already. This is a usual extension of
time for the rest Of the stockholders.
Ninety-fiye per cent Of the stockholders
who have deposited their stocks in ia
vor of the plan have signified their de-
sire to take debenture bonds instead of
10 per cent. in cash under the offer.
The plan is declared operative.
Another upward move in K. T. is her
aided, owing to the alleged disposition
5of the Dutch stockholders to increase
their holdings. Dividends on the pre-
ferred are limited at as not distant.
Erie was one of the irmest features
Of the list, advancing / Ia points by
early in the afternoon to a new high
record. Much Of the buying was re-
ported to have come from Philadelphia.
B. & O.'s strength was Manifesto
pool IS working in that stock.
3. p. Morgan's departure for Europe
was regarded as a signal that "alls
well with the market outlook
Union Pacific was strong, then weak,
then strong again, but there were no
pyrotechnies this time. Some thought
they detected evidences Of unloading In
both u. p. and N. Y. Central Much
is made Of the fact that there has been
a good borrowing demand for the
stock. &F 49," F
B. r. IT'S pool does not show it's
hand very clearly. Much is made, how
ever, Of the claim that the company is
earning something toward dividends
iron merger to-day was that the ma
jority of Tennessee Coal stock may be
taken over at $50 and the minority
stock at par.
There We're large loans at 2 ga per
cent. on the floor Of the exchange.
About $5,G00,000 loaned at that rate at
the opening.
Friends Of Peoples Gas say don't
get worried over the litigation or legis-
latiye interference talk" The earnings
are satisfactory and increasing.
Traders bid up Louisville and Nash
Vile to 141 IL. At the sametime there
was more than ordinary activity in
Atlantic Coast Line.
Canadian Pacifics big gain of 49,
100000 in earnings this fiscal year thus
far are pointed out as arguing bigger
things for the stock So
Mexican Central was up point in.
London. The Stow pool in it has been
trying to make a more active market
for it recently, and good many tips
on the stock are in circulation.
" Lehigh Valley got UP to 81 1-2 and
then down to 66 ga, about 2,000 shares
changing hands.
One Of the largest individual holders
of the Erie common, who also owns
large blocks of the two preferred
stocks, said his rason for holding was
his knowledge of what improvements
had been planend and what they would
do for the road.
no HOLD BATTALION DRILL.
There was no battalion drill at the
arnory last evening. as stated in tba