The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-01-24
RUSSIA AND THE STOCKS.
THE FOREIGN SITUATION HAS A
LITTLE EFFECT,
Bears BObbing Up a LittIe-But Are
Hesitating Gossip About Certain

Bears BObbing Up n LittIe-But Are
Hesitating - Gossip About Certain
Stocks.
A dispatch from Berlin last night
says: On the Bourse here to-day Rus
sian securities fell heavily, though
there was not a. panicky movement.
The heaviest drop in Russian govern
ment bonds was in tours of 1889, which
lost 2'6O. New 41zs dropped 1.S5 till the
official quotation was fixed, and later
continued to decline. Fours Of 1902
closed 225 below Saturdays figures.
The reduced quotations above show re-
auctions less than was expected, Rus
sla's financial representatives here hav-
ing supported the market through the
intervention of buying and st. Peters
burg having sent better quotations than
were anticipated. -
pennsylvania was slightly influenced
by the announcement that the labor
troubles had been satisfactorily settled.
Copper was heavy yesterday in Lon
don, due to realizations by nervous
spectators. but the market resisted
strongly. The metal closed at 6S. The
sales amounted to 1850 tons.
Inc rise in Northwestern was credit
ed TO the Gates pool They seem to be
repeating the movement of three years
ago which led to a contest for control
at the annual meeting.
Reading is regarded as bad stock to
sell Short, now that the short interest
! is greatly reduced. Gates and his fol-
lowers are believed to have got through
with Reading III, y ~
Consolidated Gas was bid up several
points about the time the annual report
was published. That showed 10 surplus
OF S2,600,000, an increase of 100000
over last year. The movement was
said to be of Tammany origin. -s.
A bearishly inclined Wall street
broker gives as the stocks that he
Reading Union Pacific and Sugar. He
thinks people viii want money and not
stocks before long. He looks for S or
6-point break. 5ss <.sss.s z-.-5
Chicago Terminal stocks were again
quite buoyant. The preferred sold at a
new high price Tor this movement. 1t
was evidently being accumulated for
insiders. 1t sibelieVed that the Harri-
man people are trying to get major
Manhattan at ri is about high
enough for what it yields, but Wall
street men look to have it climb IN to
10 on investment buying. II the price
goes off it is considered a buy.
Stocks fellzoff easily at the start yes
terday, owing to the foreign situation.
The liquidation yesterday was in stocks
bought Last week. III.
Bull talk on New York Central con-
tinues, and it, is pointed out that the
plans for improving the property are to
go on just the same as If Russia was all
right. x Rs .l
The weakness of st. Paul was ex-
planned as due to the fact that there
was nothing behind last weeks rise to
177B, and that consequently the stock
had nothing to fall back on when sup
port was withdrawn. @Ltg ..
4 The strength of Union Pacific rather
disconcertS the bears. - .. j.
Among outside securities yesterday a
substantial advance above the 200 mark
in Interborough Rapid, Transit, follow
ing Saturdays sharp rise, caused re-
newed excitement in the market for un-
listed securities. This stock. along
with Northern Securities, was the most
heavily dealt in. Seaboard Air Line
common sold at 17A. It is reported
that $4,000 shares out of 10000 shares
have assented TO the Ryan-Blair reor-
ganization PLAN.