The daily morning journal and courier., 1905-04-18
STOCK MARKET FEATURES
(continued from seventh Page,

(Continued rom seventh F dSe.t s- company's assets in the shape of the railroad stocks held by it.
 United States Steel preferred reached 104 5-S shortly after ? o'clock, establish ing a new high record. The previous top price was 10S 3-4, on Saturday.
 The Missouri Pacific report for Febru- ary is the climax of the bad statements for that unusually poor traffic month. The gross decrease was nearly $7SC,0Oc. This vii. make the February gross for all roads show decrease of about F per cent. compared with last year.
 The popular view on the Exchange was that St. Paul was run up" by the Western clique in order to help 1t get out of it's large holdings of New York Central and Union Pacific. The latter were distinctly heavy. during much of the day, showing signs of selling pres sure. -E .
 American shares in London were ir- regular, but the most prominent ones showed advances. The buying by arbit- rage houses amounted to 35,000 shares.
 New high record prices were made by American Woolen, Atlantic Coast Line, Great Northern preferred, Railway Steel spring common and preferred, ] United States Cast Iron, United States Reduction and Refining common and preferred and United States Steel pre- | ferred. Most of these stocks rose on pool manipulation. .se >s.. ss ,g The Amalgamated Copper executive committee will meet tomorrow to rec ommend the dividend which is declared Thursday. There was nothing to ifi- dicate that it will be more than per cent. quarterly. a @ After some display of frmness in the early afternoon, with United States Steel shares features of strength, the market sold off rather sharply before the close. There was again pressure against Union Pacific, New York Gen. tral. and various granger issues; but eyen these made sporadic recoveries at | the last.
 l While some of the buying in Amal- gamated Copper looked good, there were indications of inside realizing and l the stock was not strong.
 The home news was generally favor. able. The weekly statements from traf- l fic managers at the west reported rail- road business in excess of last year. al- though formers were busy with plant- | ing operations.
 | Atlantic Coast Line was one of the strong features. Louisville 6 Nashville and Nashville & Chattanooga also were very strong.
 A Chicago dispatch to the New York
 Evening Post says: Gratifying returns are being made by all western and
 southwestern railroads. Their traffic is 10 to 15 per cent. ahead of the first two
 weeks in April last year, and is hold
 ing up better than expected. There is
 a movement of merchandise that is far
 above the average, and the tonnage in
 general is larger than in recent years
 at this period. Earnings are making good all early expectations and have in
 a measure recovered the losses made in
 February, and bid fair to hold up above
 last year for some time to come.
 Crop prospects are favorable except that rain is needed in some sections ot the southwest and central west. Atch- ison, Missouri, Pacific, and Rock Island Iofficials saw they never had as good lprospeots for crops and business as now
 and they are looking forward to a good season.