The daily morning journal and courier., 1905-02-17
STOCK MARKET FEATURES
THE RENEWED STRENGTH OF
 ONTARIoN s WESTERN.
Variegated Rumors-FOIIowers of the Steels Bullish--A Word About AmaI- gamated--The Erie's Strength--The Leather StOck--COnsOIidated Gas-S. P. Preferred.


 F. Preferred.
 Now that Brooklyn Rapid Transit has had big rise, prognostications come that it will go much higher. Big spec ulation in it is talked of, probably to help somebody unload it. In R. P. Flowers time it reached the dizzy height of 12O.
 As regards the advance in Southern ' Pacific preferred, the notion seemed to be that all idea had been given up of ever issuing any more of the unissued portion of the $100,0OO,O00, and to bring about retirement as soon as practicable. Such being the case, it was natural for the stock to advance. The giving up" was, however, denied in some of the Wall street gossip.
 Atchison has now 170O0 stockhold- ers-a twelve per cent. gain for the year. >.
 There was a rise in Northern Securi- ties from 154A to 157N, a net gain of 2h points. Speculation was not as heavy as on Wednesday, still the large total of 10000 shares was recorded. The Northern Securities case comes up be- fore the supreme court in Washington on Monday. l- a.
 The strength of Ontario and Western continues to puzzle the street and gives rise to variegated batch of rumors about it. The stock opened with 15,000 shares, at a rise of point. This repre- ' < tive throughout the day, selling to about 51h. Although the stories of Wednesday of a deal with the New York Central were denied, the move ment pointed to developments making for greater market value to the stock. Many large lots of Ontario and West ern changed hands yesterday. One re- port says a good deal of Ontario is be- lieved to have been taken by people close to New Haven interests.
 New York Central gross earnings for January show an increase over last year of S663,712. A year ago traffic con- ditions were very bad. Recently Gen. tral stock went up rapidly in one mar :. ket session on the report that the Jan- ,uary gross would show 8 gain of S,- 100000. j
 7 Followers of the Stee1s maintain that the indications soon to be thrown out will not fail to stimulate prices. Bull- ish trade reports are not overlooked in the discussion.
 The announcement that the Leather plan was operative, and that a new company would soon be formed, caused an advance in the shares of the com- pariy, with the preferred up points.
 A Wall street man whose information has often, it is said, been of the best said yesterday "that the people who have been buying Interborough have \ also been taking Manhattan" # The Consolidated Gas sold on We'd nesday was said to be for the account of an insider, who took profits on stock that averaged 193.
 The large gain in gold by the Bank of France, shown in the current state- rnent, reflects the arrival at Paris of the recent heavy shipment from New York on a single steamer.
 It is expected in some quarters that there will be continued activity in Fed eral Mining and Smelling issues The preferred has recently been acquired hv q prominent insurance company that has bought into other industrials, and which is giving attention especially to the recognized per cent. practically guaranteed dividend-payers.
 The downward tendency shown by Amalgamated Copper at various times during the day was, it is said, due to the outspoken bullishness of the Chi cago crowd. It was argued that no at- tempt at an upward movement could be successful until the word was given from 26 Broadway. There was rumor that a Boston operator named Lawson was planning a new bear attack.
 Erie was one of the features. The gbuying in the common and in both the first and second preferred was of the same character that was noted at the beginning of the last rise.