The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-08-10
STOCK MARKET FEATURES
Il GOOD TOLUME OF BUYING
ORDERS At START.
Buoyancy With U. p. and St. Paul
Leading-DeIaware & Western Rose
to New High Record-GOssip-TO-
DAVIS Coming Cron Renort.

to New High RecOrd-GOssIp-To
Days Coming Crop Report.
Despite the making of new high rec
ords and the reactionary tendency of
Tuesday yesterdays market was char
acterized by renewed strength and the
making of more new high records.
There was quite flood of buying Or
ders at the opening of the market yes
terday. This is thought to be what
the leaders are fishing for.
Responses to this aggregation of pur-
chases was prompt and the reaction of
Tuesday evening was not only recov-
cred, but some new high records were
again in order.
Delaware and Hudson sold at 2$5 1-2
"a new high price record.
Saratoga continued to send large buy
ing orders in various stocks.
The peace negotiations were a gov
erning influence in all financial mark
cts yesterday.
Those who say Union Pacific is being
acquired for special purpose connect
the buying with the closing of the
transfer books on August 90.
London was less optimistic on the
peace outlook, fearing a hitch that
might necessitate prolonged de-
lay. Paris took more hopeful view.
st. Paul's splendid earnings and a
glowing crop outlook helped to make
that stock buoyant and higher,
American Smelling was bought on a
heavy scale by Baruch Brothers and
Harry Content, and reached a new high
record.
There was still tendency to connect
the trading in Amalgamated Copper,
which touched IS early in the day, with
the movement in Smelling,
The slight break in stocks in the last
hour vast nothing more than had been
expected. The wonder was that it did
not come sooner. The selling came
from a great many sources, but largely
from the operators who had bid prices
up.
The trading element was disposed to
look upon the transactions in Union
Pacific as the most significant of the
morning.
The passing of the dividend on Ma
tional Enameling common, after it had
been on a. per cent. basis, did much
to check buying of stocks. The stock
fell points.
Figures of the country S iron produc-
ton in July, published yesterday, show
b decrease of $1,000 tons for June. Sup
plies of iron held continued to increase,
being $4,000 tons large on August 1
than on July l.
The feature of trading in Philadelphia
yesterday was a break in price OF
United Gas Improvement and Philadel-
pl1ia Electric stocks, following the pub
lication in the morning papers that
Mayor weaver intends to have compe-
titfon4 in the electrical lighting field,
even if necessary going to the extent
pf municipal lighting plant. The
United Gas Improvement shares in the
first hour sold down Ia points from
Tuesdays close to SIS IA AT that point
supporting orders caused a rally back
to 90 1-2.
Prince Sc Whitley in their letter last
evening say: "On the whole the indi-
cations were that favorable crop news
had been in a measure discounted and
at the improvement the market was
meeting with more stock offering to
realize profits, while at the same time
pressure was not great BY noon the
market had drifted in the dullness with
prices fractionally lower than earlier
Though declines were not severe a dis
position seemed to prevail to accept
profits and the belief that if Thursdays
government crop reports show over fav-
orable they may have been partly dis
counted by ruling prices, is gazing
ground. The tone at the close was not
SO positively confident as for the past
few days. Total sales, 523, 100"