The daily morning journal and courier., 1905-09-15
STOCK MARKET FEATURES
STRENGTH AND EVEN BUOTANCY s.t~ APPARENT.

AFFA AhENAs Market Broadens Out AIsO-Highest at the CIosc--The c. H. and Dayton Deal --Runnors of More Gold Coming Rosy views of Certain R. R. Stocks smeTter's Per Cent.-Other Gossip. While, the market was strong, and in the afternoon buoyant there was appar- snt a lack of desire among the mag mates to rush prices up while the money question uncertainty is pending.
 Erie was one of the strong stocks. the common rising to 52 S-4, but slipping back a little and its strength was response to confirmed reports that change in the management of Cincinna- ii, Hamilton and Dayton in which Erie Is supposed to have principal part, has taken place. ...
 It is still maintained that Standard Oil people are not impressed with the appearance of the market, that they have no confidence in the immediate outlook for prices, and that they are better sellefs than buyers of stock
 Southern Pacific has been strong for three days in succession. An enthusiastic bull on Chesapeake , and Ohio may be quoted thus: From The best possible sources of inforna- Hon have it that Chesapeake and Ohio r Is to be placed on a per cent. dividend bases. The books close one week from next Tuesday, and the meeting of di- rectors takes place around October F pr IS. ...s Missouri Pacific shot up to 133 IA yesterday, its strength attracting much intention, especially from those short of It. @ @5~ &~s3+'s1s >">
 In the two months of the present fis- cal year Northern Pacific gross earn ings have increased about s1, 1,OoOOoO. The August gain was .$524,O00. .. .-. ..-
 The statement of the Price Current" that two and half billions of corn are practically safe from frost and the Rus sian estimate of, a crop of wheat and rye 54O,000000 bushels less than year ago assuring a market for part of our wheat surplus of 150,000,000 bushels were general factors helping ~ both stocks and grain. ..-.:.
 A good deal of bullish sentiment ex- ists on Mexican Central
 Missouri Pacific was strong over the assurance that the corn crop is safe. MOP will greatly benefit by the big crop.
 Bulls on Atchison and Rock Island claim that those shares ought to move as well as Missouri Pacific if theg last named is prospering on corn crop indi- cations alone. " a. ~ j.;
 Out of 25.000 shares dealt in arbitrage houses bought 10000 on balance. They sold Southern Pacific and Erie at first and then bought back the former. @ In London yesterday Copper opened at decline of 10 shilings on bear pres sure, influenced by suggestions of great CT ease in the position in the United States. Later the prices recovered.
 Bond dealers report continued de- rnand for bonds and a scarcity of the same.
 Wall street had rrimor in the after noon that $5,000,00O more gold was com- ing. Later on this was denied. It is again rumored, however, that more gold a. Is soon to come here from Europe.
 Last week the Gates interests were heavily short Of the market. Tuesday and Wednesday they bought 150,0oC shares. To-day they may do something else. This cratic leadership makes some people shy of the market
 No opportunity is lost to exploit the fact that Baltimore and Ohio sells many points below figure at which il would still return 4-per cent. on invest. ment., As it is looked upon as firmly established on a 5 per cent. dividend basis, 120 is claimed for the stock as z conservative figure.
 Shelters stock was placed on @ pel cent. basis yesterday. It was notice. able that some long stock seemed tc come out every time the stock touched 127, @.:,. -f~
 Owing; to the country's great prosper ity holders of stocks are not anxious tt sell, and this does not help a weakened money market.
 Norfolk and Western railroad now O, 8 per cent. dividend basis, earned ; full per cent. on the common stock fo the fiscal year ended June 3O 1905. Tn year was aH prosperous one, showing al increase in gross earnings of s$l, ,STO,28f or over 6 per, cent. ..-~