The daily morning journal and courier., 1905-09-13
STOCK MARKET FEATURES
f GENERAL UPLIFT OF PRICES
 IN THE ACTITES

The Leaders All Gained from to 3
 Points-MOre Hopeful FeeIing-GOId
 Engaged to Come to New York
 Bulls Take Renewed Courage.
 The stock market was stimulated yesterday by the announcement of the beginning of gold imports from Europe, and this news, with the big corn crop news, stiffened up the market and sent prices higher.
 The prospect seems to be that about S15, 100000 of gold will come here within a short time. This sort of gold impOr- tations always stimulates the stock market, especially when fears of money stringency have been prevalent.
 The strength of the United States Steel shares in London made them at tractiva to operators here, and they were skilfully used in helping the rest of the market, especially so in view of the big business the company is doing and the good outlook,
 A feature of the close was the strong buying of Sloss-Sheffield upon the an- nouncenent of a scrip dividend.
 It looks now as though Mondays ease in call mony rates reflected the knowl- edge in banking circles of impending gold imports.
 London trading yesterday morning amounted in all to about S6,OOO shares, something more than half of this being purchases on balance. A good part of the buying was in the Morgan group.
 Boston was a seller of stocks in the first hour, when efforts were made to oppose the rising market through sales of Copper, Union Pacific and Steel.
 Stocks of the grain-carrying roads have responded noticeably to the gov ernment crop report of Monday, and they contributed, perhaps, the chief el- ement of strength in the morning trad ing.
 The Fries were strong again. The buying of Erie by H. B. Rollins & Co. was again put down to the interest of the c. H. & D. people. But a very definite report late in the afternoon that the New York Central and Penn sylvania had jointly bought the zim- merman property disposed of the story.
 Amalgamated J Copper was again strong on the advance of the copper metal at London and some good local buying. Tn the afternoon trading it passed S2. American Smelling held it's early advance firmly, and in the after noon trading it was selling around 127al. .=... ..
 Brokers said that the change in senti- ment was entirely due to a realization of the probability that there would be no squeeze in money after all Any way, it was an illustration of the truth of the old adage, When gold comes in buy stocks" ......--.
 The standard stocks were conspicu- ously strong in the latter part of the day, both New York Central and Penn Esylvanfa advancing to points well above Mondays highest. Baltimore and Ohio suddenly started up in the noon trading after remaining Inactive during the forenoon, and advanced to 111% on good purchasing. ... ~r -.. The executive committee of the Western Union Telegraph company has recommended the declaration of the regular quarterly dividend of, 1A per cent. The dividend will, be declared to- day. .sA~-- The upward movement in Union Pa citic to above 131 meant more than short covering, traders said, and the significance of which will appear later. A good deal of the stock was taken out of the market on the recent ten-point decline That the stock will go to 150 before long is the opinion held by per- sons close to the insiders.
 John W. Gates further contribution from Chicago yesterday read: "It is the fear of high money rates that induces selling of stocks. I do not expect any stringency. I should say per cent. would be about the Tnaxtmum rate for call loans. I am as optimistic as ever for the long pull, and think a change is due in thestrend of security prices