The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-03-04
STOCK MARKET FEATURES
UEEASINESS on FOR EIGN SETUA.
TON HAD INFLUENCE.

International Markets Were Weak
Some Response Here Sudden
Break i'm SIOss-A Tired Operator
Erie Seconds Strength-some Rail-
road EarnIngs-SteeI Common Talk
InterborOugh, Etc.
Apprehension of serious disaster to
the Russian army with the conclusion
OF the present battle before Mukden,
and indications of another political dis
turbance at st. Petersburg, exerted a
depressing influence ON the leading in
closed with all-around declines, in some
cases of considerable moment.
The grangers were heavy yesterday,
and signs of profit realizing were quite
apparent
American stocks in London were ir-
regular and weaker. There were alarm
ing rumors from st. Petersburg.
The 21-point break in Sloss- Sheffield
common stock was believed to represent
the forced sale of a margined account.
The holder told his broker to sell at the
market, and quickly. Experienced OPP
orators fight shy of offering an. inactive
stock for sale at the market. A sale OF
100 shares of Delaware and Hudson was
made at par during the 1901 panic, the
. stock recovering in minute to 100.
After the sale of the 200 Sloss shares
the stock Immediately from S6 rallied to
% Yfafi Of the IliraIlla a
tors of the advance was soiled. The
rigging process in Sloss has been
4 quite plain. z-.
The heavy drop in 7. C. I. yesterday
afternoon led to the impression that all
WAS not rosy in the southern iron deal.
Stocks that have sold ex-dividend re-
Gently have nearly all recovered their
dividend during the day or in a day or
two. Prominent examples have been
Union Pacific and Canadian Pacific,
And yesterday Sugar nearly accomplish
\ ed the feat
4 Erie second preferred was very strong
jim the early dealings. 1t was said that
& the stock would be placed on dividend
{ basis at the full rate, and that a little
later the stock would be retired.
Texas Pacific was one of the strong
s. Features, while the rest of the market
Il WAS heavy, and even when the other
4 Gould shares were lower. There has
been continued buying Of the stock as
one of the likely low-priced issues.
x The early strength of Metropolitan
S Street Railway and Metropolitan Secur-
IL ties was attributed to buying by STAN
81 lard Oil brokers. The room was not
5ure whether this buying was covering
: Dr not.
4 The decline in Union Pacific was again
3 loosely followed by the trading element
a who operated in the rest of the market
bn the basis of 1T. #f.5saas. H. i
4 In the bond market yesterday there
4 HAS unusually heavy trading in the &C
y ives, especially in Kansas City threes
SEC between 72R and 49, Other features in
4 luded Japanese skies, American To-
iii pacco tours, Atlantic Coast Line tours,
Brooklyn Rapid Transit tours, Rock
Is sland issues, Union Pacific conyerti-
= les United States Steel sinking fund
ives, Wabash debenture B and Wabash
Il Pittsburg extension seconds.
|# Commission houses in New York re-
Nj orted light business yesterday and a
II marked falling off from that of early
lf9h the week. On the recovery Of prices
I'm the afternoon confidence improved.
.& In reports of earnings the Hartman
II mes showed net increases, with the
1 Enion Pacific gaining $215,52S and the
southern Pacific S51,00S. On the other
land, the Rock Island lost $112,92S net,
n md Great Western about $4,000. Nor
n BLK and Western gained $122,797.
4 1t was said that a line of $4,000 shares
Sf Steel common was sold on Thursday
Round 36 which was bought last Sep
As Amber at Is. This represents a six
Il Sonths' profit of approximately $780,
DO, Steel yesterday was heavy, and
bth common and preferred indicated
pine profit taking.
A representative of the G. III. & Day
81 gn-Pere Marquette system said yes
HI Arday: There never was any founda-
lon for any of the stories that have
Zen circulated that negotiations were
|S!a for the combining of our system with
lie Erie" 45S ssstssss@ %S ...4,: - &c.,.
# Interborough was conspicuous at the
4 bening because Of a sharp advance in
empathy with the rise in the fractions
the board. Starting with a gain of
bint, at 209, the stock rose to 212, drop
Id to 20S1s and rallied to 209 on an es-
mated absorption of $500 shares.