The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-04-05
STOCK MARKET FEATURES
IRREGULARITY SHOWN But
SOME STOCKS WERE STRONG.

The Steels, T.. & N, Coast Line and
Southern Railway Rose Little
Steers Prospective Big March Quar-
ter-Favorable Trade RepOrts-Rai1-
road Gains-LOndon Backward-The
Eries--Other Gossip.
The market was strong in spots yes
terday and United States Steel, Louis
Vile and Nashville, Coast Line and
Southern railway were strong, but con-
flicting influences were in evidence and
irregularity was manifest. 1.-THE big
men, it was said, did not want ram
pant bull market just yet. On the 9TH
er hand, trade reports continued to be
highly favorable, and railway traffic re-
turns for the fourth week of March
showed handsome gains, Canadian Pa
cific increasing s2OS, 900. St. Louis South
western 100000, Denver and Rio Grande
$4,000 and Colorado and Southern $780,
0O0 +T 49,
III COliLIdSL WILL ZIG olISllSlL VI SOIiiS
stocks, Union Pacific and New York
Central were both weak; also Pennsyl-
vania hesitated.
Rock Island was another one of the
stocks which showed strength; also
Amalgamated Copper, Notwithstanding
Heinze had been successful in his new
j, political fight. s..a &..s
Good judges of the market think that
unless some definite and comprehensive
plan is soon announced to show that the
opposing interests in Northern Securi-
ties are harmonious, prices will reflect
the suspicion of dissent. +, sss. az
There was heavy trading at the close
and considerable uncertainty was felt
by the talent.
No support was given American
stocks in London yesterday and they
showed no tendency to move on their
own initiative. Without this demand
arbitrage houses were sellers of $4,000
shares. The greatest supply was in
Union Pacific and -Atchison.
Tennessee Coal stock, which was re-
ported to have loaned at premium of
u per cent. around the close Monday,
was still lending at a small premium
panic among the shorts.
In Amalgamated Copper the special
lists said that inside buying was more
in evidence yesterday than in the past
week or two. Prominent houses were
buyers, but traders said that the stock
came out too easy.
Southern railway common rose only
moderately. Half point up a good
many selling orders were met and the
pool ceased operations
Charles G. Gates sailed yesterday for
a six weeks automobiling trip in Eu-
rope Before he left he expressed him
self as bullish. and said he looked for
an active market this summer. ~
Talk that Louisville is earning II per
cent was trotted out yesterday. 1t was
said that it would prove to be another
st. Paul.
The passage of the bill imposing a
tax of 81 on stock transfers by the New
York senate and the prospect of an ear
ly signing of the measure by Governor
Higgins was one of the leading influ-
ences.
The feature of the late trading was
the United States Steel shares, which
CcltlS UuL DIoShoJ IttCIliiS LllS
highest prices of the year and doing
much to sustain the general list.
In high financial circles the talk con-
tinued to be conservative" Many of
the railway stocks were thought to be
selling at pretty stiff figures. But the
talk of excellent, steel trade conditions
was heard everywhere, among bankers
as we'll as spectators.
Erie broke in the traces yesterday.
It did hold it's advance we'll The pool,
it is said, will be ''at it" again soon. A
revival of deal stories is looked for.