The daily morning journal and courier., 1905-05-27

hut Prices Held weII-Less Talk of Crop Damage-COrn Products Weak
 Talk About the SteeIs-OntariO and western's sharp Rise and Dividend
 TaIk-Further Advance in Burlington Joint 4's.
 It was a dull and listless but strong market yesterday.
 In London prices were depressed on the weakness of the Kaffir shares.
 Renewed buying of Union Pacific led to rally in other sections of the list which carried prices in the early trad ing to a level fractionally above yes terday.
 To-day's bank statement ought to make much better showing than that of last week.
 The stock market closed strong, with heavy buying of Ontario and Western as the feature of interest. At the last moment report came that President Mellen had announced that a dividend would soon be paid on the stock and the stock jumped rapidly. This is of- ficially confirmed. ...- ,... Liquidation in Locomotive common, which was credited to a broker who has been active in 1t, carried the price off about two points soon after the opening. -... Atchison continues to spend a little more each month than the increase in gross earnings. The net decrease in April was $24,0S2. For the month the net decrease is over $S,000,000.
 A feature at midday was a sharp break in Corn Products shares on the execution of a few selling orders, chief 1y from Chicago. The deferred has de- clined nearly 10 points cflis week. Ru- mors were current that the next di- vidend on the preferred may be de- ferred. . .s 6 '..'
 Reports of good buying in Reading were again heard. --t. @
 Some thought a 15 point drop for Steel preferred was enough. Others declared that it was not, because the rise had been 55 points. The attitude of Philadelphia and Pittsburg yester- day in Steel stocks at present is not clear, They seemed to be doing but little buying or selling.
 - It is believed that the market will marrow down and that to-day's and Morday's sessions will. be small ones.
 Trading in stocks during the last hour was very light, but prices were fairly maintained at the level which prevailed early in the afternoon.
 Burlington joint As bonds sold above 102, touching a higher level than since the reports were first heard of their retirement by a joint issue of North ern Pacific-Great Northern stock. A feature was the heavy trading of ad- yancing prices in these bonds. The street assumed that MT. Hill would carry out his promise to retire the bonds at 105, and that their retire ment would be followed by the an- nouncement. of an important deal. The traders thought the strength of the bonds was the principal bull argu- ment yesterday.
 The reaction in grain, with a par tial subsistence of the crop damage re- ] ports, helped stocks. More was made of the improved relations between financiers controlling the northwestern railroads.
 The classified foreign trade state- nent of the country for April formed a highly satisfactory document. Interest centered largely in the exports of man. ufacturas, which increased $12,S59, 3333s for the month and s7S,SS2,575 for the ten months ending with April. The loss in agricultural exports during the ten months was $75,666,362. It will be seen therefore that the gain in manu- factures almost offset the decrease in the outgo of agricultural products. This result reflects the general prosper ity of the country's products.
 The Parrot Silver and Copper com- pany has declared a dividend of 50 cents per share. ~..