The daily morning journal and courier., 1905-04-26
STOCK MARKET FEATURES
EXPECTED BREAK DIDN'T COME
 AND PRICES IMPROVED.
U. s. steefs Fine statement-Good sup- porting orders-I.ouisvilIe's Strength ---London's Heavy Buyihg-yarious Bits of Gossip.

A further serious break in prices was expected yesterday morning owing to the Milwaukee dedication and fears of more trouble from the collapsed wheat deal, but no break of consequence came and stocks, after a period of weakness, rallied and grew strong, Louisville lead ing the procession. Perhaps, however, these untoward influences will be felt yet before the week closes.
 London came to the rescue yesterday, ard Americans opened from there with a good demand for Union Pacific and then London went at it and bought on balance 30,0OO shares of our stocks, chiefly Union Pacific and Steel pref. Perhaps some of the orders emanated from this side.
 A firmer tone to the wheat market and the absence of the violent fiuc- tuations of the last few days removed a great unsettling factor, and this was an influence of no mean importance in the days recovery in security values. Gates & Co. sold more stock yester- day, not having wholly completed liqui- dation. It is claimed that Gates & Go. have turned bears on the market.
 The Field Well clique sold St. Paul, Copper, New York Central and Union Pacific and tried to find all the weak spots there were. In addition commits sion houses liQuidated on a moderate scale. After the succession of hard ows that the market has had they bis q their customers were not in a saipod to carry stocks.
 
 while not bad. but it was not particu- larly bullish owing to the cool spell of weather of late.
 Not until the market showed good gains in the afternoon was there any outside disposition to get back into it.
 The advance in the Anaconda divf- dend to 75c a share helped Amalgamat- ed Copper. The buying by the Flower pool continued.
 Pool brokers were again busy putting up their specialties and it seemed clear that the worst was over for the mo- rnent. Louisville continued leader on talk of it's being advanced to a per cent. dividend basis soon, though with , out the reported guarantee of the Alt lantic Coast Line.
 The bankers for the bond underwrit- ing syndicate were said to be support- ing Pennsyl vania.
 Shelters was one of the leading strong stocks after midday. Two stocks-PeopIe's Gas and North which broke sharply Mon day on liquidation due to the Milwau- kee troubles, recovered part of their less.
 Liquidation by Union Pacific and oth- CT important interests in Northern Se- curities stock had evidently been sus- pended temporarily. That is, no more stock appeared to be coming out of the Union Pacific treasury.
 Rock Island. was the only important stock to open lower. It is evident that the insiders do not want an advance and that this view has pretty we'll ina- pressed the general speculative com munity.
 The United States Steel stocks again gave evidence of being able to take care of themselves. The excellent quar- terly report of the company (given in another column) did not appear until after the market closed. United States olScl SiloESS Wele "eli @pouSHI OIl SA- pectation that the March quarterly statement would be one of the best in the company's history.
 There was no question as to the im- provemenl in sentiment yesterday. Many took the view that liquidation had run it's course were plain enough to inspire confidence. The professionals thought the market was entitled to a rally on technical grounds and the larg- CT traders operated accordingly. The commission houses, even those that for weeks had been advocating extreme conservatism, were of the opinion that from now on the market would work higher gradually.