The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-02-08
STOCK MARKET FEATURES
LONDON HOPEFUL BECAUSE OF
PEACE OUTLOOK.

Metropolitan and InterborOugh-ShOrts
in Metropolitan and Atehison-MOre
Gold Going QUIT. c. rs Gain
Leather's Improvement.
Atchison opened with a good advance
and sold at SO in the first trading yes
teriay. There evidently was short COW
ering in it.
! London's more optimistic view of Sc
curities was taken to mean hope of an
early peace between Russia and the
Japs.
The governors of the exchange will
vote to-day on the petition of members
to close next Saturday. Members are
generally in favor of a holiday.
This market puzzles the very elect
and most skilled Wall street brokers.
Ladenburg, Thalmann & Co. yester-
day engaged 100000 gold bars for ship
ment to Paris tomorrow. This brings
the total gold exports. since October q
last, up to $6S, 100000. Of this amount
$sOOo.OOO was for South America and
$l2, 100000 for Cuba.
Among che features was Tennessee
Coal and Iron. The tip to buy it was
widely distributed, but it was made
good. Wassermann Brothers were
large buyers. and were followed by
commission houses and the room trad
ers generally.
Norfolk and Western and Chesapeake
| and Ohio We're among the strong stocks
yesterday, and Wall street.. it is said,
looks to see them sell. higher this week.
1 There is talk that dividends will be in
creased. ,..-5 ...-..-..-
| The short interest in Metropolitan
Street Railway and Metropolitan Sc
curities appeared to be pretty well elm
mated and they slipped back of their
own accord at midday, following the
denial of deal with marlborough. The
latter stock continued firm most of the
day, but weakened at the close. Profit
| taking occurred in Metropolitan Trac-
| ton and in Interborough. The latter,
however, first made a new record of 225.
1t broke to 215 toward the closing.
| The declaration of the regular annual
| interest Of 5 per cent. on the second
mortgage income bonds of the Texas
and Pacific Railway company insures
the receipt of more than 100000 by
the Missouri Pacific on that company s
| holdings of the bonds named.
| Trading sentiment regarding Union
Pacific continues altogether favorable,
and it looks as though there will be a
substantial movement in Southern Pa
cific. II.
| The rise in the. trunk line group, with
Pennsylvania leading, showed that
There is very little selling pressure.
They readily responded to bidding up.
| The directors of the Chicago Great
| Western will meet later in the month to
consider. among other matters, the
question of resuming the dividend on
| the a. preference stock. It Is coneedl-
| ed that the decision rests entirely with
the London finance committed
: The Peoples Gas annual report on
| Friday is expected to be a strong ex-
hibit Of the years operations,
| Canadian Pacific directors will act on
1.-THE serlli-annual dividends next Monday.
! There is no prospect of q change. The
recent rise in the stock has been due to
a sentiment that it is worth more on its
merits.
The sharp advance in United States
Leather preferred was started, by Van
Emburg & Atterbury, followed by scat
| tering commission houses and traders.
One Of the runors was that Kuhn, Loeb
& Co. had been unostentatiously abb
sorbing the stock. The. reason for this
rurlor was that it furnished "corrobo-
ration, for the talk that new reor-
ganization plan would be chosen which
would prove satisfactory to. the now
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