The daily morning journal and courier., 1905-08-12
STOCK MARKET FEATURES
BUOTANCY WAS AGAIN AP-
 PARENT.

9aiiS Stll JOEIuA OFeE
 Crop Report-New High Records Once More-SIuch Realization But Prices HeId-GOssip The stock market was again strong and buoyant yesterday. The impetus given by the good crop news sent out by Uncle Sam was still dominant. It was further noted that since Au- gust 1, the date to which the crop report was brought down, the weather had been very favorable to corn.
 Great Northern rose 151a, to SOS; Northern Pacific A, to 2lS12; North west A, to 2241a; St. Paul 2A, to 1S6; Canadian Pacific 37s, to 16OA; Union Pacific 11a, to 1885, and Northern Se- curities ', to 1S4B. Some of these prices are new high records and others are the highest of the present bull movement. New Haven made a new high record at 211 and LackaWanna at 4TO, while New York Central touched 155. A number or other stocks made gains of point or over, and Louisville and Nashville, on special activity in the afternoon, rose points.
 The activity and big gains for the gilt-edged stocks led Wall street to term this market as "a rich mans bull mar ket."
 AIIuding to the advance in Lacka- wanna and Delaware and Hudson, con- servative Wall street people express the fear that at the present juncture, with the agitation in progress among the Lo, nf hEn gether well advised.
 New York Centrars advance of two points, to 154, immediately after the opening, was generally looked upon as a "carry-over' from Thursday, when the story was about of a deal to take over the Delaware and Hudson. New Haven, which shared with Central the honor of being the reputed buyer of the D. and H. property, rose one-half of a point above it's high price of the day before.
 Union Pacific was again up and doing and closed strong. There was notice able absence of "dear' stories in regard to this stock. They will be brought out later on, when the big people want to sell.
 An afternoon feature was the rise in the United States Steel shares to new high figures for the movement. The advance in Great Northern preferred, which extended to more than 15 points, also attracted much attention.
 In connection with the railroad pros perity it is of interest to note that all roads so far reporting for the just end- ed fiscal year show a gross increase of 6.06 per cent and a net increase of I'll per cent. over the previous year, here tofore the best on record. For the month of June gross increased 9.34 per cent. and net increased S25 per cent.
 A Chicago dispatch says: II. F. Meagher, chief counsel for the Peoples Gas company, will return from Europe before the fall election. It is fully eX- pected that the referendum vote will be cast overwhelmingly in favor of cheap CT gas, and the company is prepared to fight it's enforcement"
 There was enormous profit-taking, but the selling was Tapped up by the fresh buying orders.
 A Wall street trader notices that the biggest bulls on Baltimore and Ohio arE those who are doing the loudest talking and the least buying.
 London was a substantial buyer, talk ing s, 900 shares of various stocks on balance. ,..,..-
 Some large blocks of Union Pacific changed hands yesterday. It held around 1881 for very long time. with in a fraction above and below that price. Southern Pacific was quiet, but firm. e.
 Canadian Pacific was one of the great features of the late dealings, going above 16O, as against 1908, Thursdays closing. The pool in this stock has cer- tainly financially made good.
 At 361s a flood of selling orders ir United States Steel common appeared / It was reported that 10000 shares were for sale at that price. The offerings however, were readily absorbed, ant the price moved up a fraction. Tn buying of the preferred stock was bet ter than for some days.
 The story most circulated about Del aware and Hudson stock, that there would be 10 per cent. dividend guar antee, is, however, subject to the criti cism that present net earnings repre- sent very much more than that. An other reason given for the advance il this stock is a realization of the grea value of the Delaware and Hudsont iron ore lands.