The daily morning journal and courier., 1905-08-15
STOCK MARKET FEATURES
CONTINUED STRENGTH CLEARLY
 MANIFESTED.


 MANIFESTED.
 Closing Prices Generally at the Best Many New High Prices-Some Good Realizing AIsO-Higher Prices for Gould stOcks-GOOd Rains in Corn BeIt-Cheap Stocks started-Other Gossip.
 The making of new high prices in the stock market was resumed yesterday, and quite an array of stocks rose from 2 to 6% points. Speculation broadened out also into the lower-priced stocks. Great Northern touched 31S12, North ern Pacific 214A, Northern Securities 1884, Canadian Pacific 1872, Baltimore and Ohio IT, Union Pacific 134as, South ern Pacific 679s, Missouri Pacific 104, New York Central 1551a, Northwestern 224%, Atchison 905s, Kansas and Texas preferred 70. Wisconsin Central com mon 2S5s, preferred 573s; Reading 1101a, and Erie 4Szs
 All the western and northwestern railroads are getting the best traffic of the year.
 Profit taking on an extensive scale was manifest, but the offerings were well absorbed.
 Bullishness was apparent at the open ing yesterday and the public seemed to want stocks, the wave of good feeling and confidence having spread owing to the fiattering conditions as to the crops and business.
 Southern Pacifc's strength was due to heavy buying by various commission hous;s.
 Heavy rains in the corn belt, where they were needed, caused a fall in the price of the cereal of about a cent, and this had more or less effect on senti- Inert, as it was followed up by cheerful weekly reports cfrom western traff1 managers as to the crop situation gen. orally and the large amount of freight now being moved by their respective lines.
 The steady rise in United States Steel preferred, though at @ slow pace, at tracted a good deal of attention. It tended to produce a conviction that the rise is based on merit.
 Bulls on Reading got excited over dispatch from Pottsville which said that the officials of the company have / discovered an extension of the thick : vein of Lyksns Valley coal at the Western Schuylkill colliery, this being the highest priced coal on the market It was said that the newly discovered extension contains many million tons. The large harvest in the northwest and the high prices paid for hands have taken the laborers employed on con- struction on the railroads, and all work of construction is practically deferred until after harvest. On the Great Northern road it is estimated that 10000 men will be needed for harvesting, on the Northern Pacific 15,000, and in all sections 50,000.
 Of the trunk lines Pennsyl was the strongest yesterday.
 Railway specialties and lower priced shares were taken in hand and advanc- ed. Rock Island, the Missouri, Kansas and Texas issues, the Wisconsin Gen. tral issues and Denver and Rio Grande were cases in point. All the granger shares were very strong owing to the corn talk
 The strength of the southern stocks, in the face of the yellow fever spread, was considered queer proceeding.
 The reaction in the afternoon gave an opportunity to early short sellers to cover, and this, with fresh buying for long account, checked the recession.
 Baltimore and Ohio yesterday reach ed the highest figure it has attained in long time. The stock sells ex-dividend to-day.
 Lehigh Valley stock climbed up to 73 yesterday.
 Parrot Silver and Copper companys directors have declared a dividend of 50 cents, payable September 12. Books close August 26 and reopen September 12.
 The buying in Rock Island looked good to the specialists. It was said the tip to buy it came from the inside crowd and that the long expected bull movement was at hand.
 In addition to Canadian Pacific, the following stocks made new high record prices yesterday: American Tobacco preferred, Erie common and fire pre- ferred, "soo Line" Missouri, Kansas and Texas preferred, Pullman Railroad securities and Reading.
 The Utah and Eastern Copper compa- ny, of which Louis E. Stoddard, of this city, is president, has completed a new tunnel to tap valuable ore bodies. The tunnel is 175 feet long. The company is capitalized for $1,500,000, and the mines are located in Washington county, Utah. New'Iaven is the home office of the enterprise. In addition to the pres ident, the secretary and treasurer, Thomas W. Farnam, is a New Havener. The concern is enjoying the same pros- perity as the other mines in the Utah copper belt. The stock is largely held in this locality.
 The main move of the day centered in the granger railroads and in the