The daily morning journal and courier., 1905-03-11
STOCK MARKET FEATURES
MANI SHARES ACTIVE AND
 HIGHER YESTERDAY.

Better Feeling over Pence Prospects Abroad-BuIIs Take Hold Again-C. & O's shhrp RIse-Pennsy Strong Gossip About Copper, Paper and Other Stocks.
 The brighter prospects for peace Tn the East and a reduction by the bahA of England of it's discount rates gave an impetus to the stock market yester- day. 1t is now very generally accept ed theory in all the international se- curity markets that peace would De d strong bull argument, hence every lh- dication pointing in the direction or cessation of hostilities naturally afous- es more or less enthusiasm.
 Early advices ranged from l to 5 points, with New York Central, Penn sylvania and Canadian Pacific as the early leaders. Then some of the low priced soft coal roads loomed, into prominence on reports of prospective increases in dividends, and finally Am algamated, Copper took the lead, rising to a new high record on reports that the company was about to depart from it's policy of secrecy and to issue a statement in the future showing very large amount of cash and quick assets. Interborough advanced rapidly yes terday and 4,000 shares were traded in. The American Sugar company is re- ported to be lending $4O,00o,OOO on call in Wall street.
 The traders thought the Standard Oil party was again acting bullish, and that the buying of St. Paul by Flower & O., and the operations in New York Central was in the nature of corrobora' tion. New York Central lowered around 160.
 The best buying was by London com mission houses and the short interest bought about 25,00O shares on balance Canadian Pacific made a new high record when it sold above 14S.
 The activity and strength of the In ternational Paper issues was said by specialists to have been due to buying o fan inside character. The proceeds of the last bond issue have given am pie working capital to the company fol the first time. s. .... Tennessee Coal rose nearly foul points to above 93 Those who watch ed the advancethought that the Hoad' ley pool was trying to make a market for some of the stock carried over from the time of their projected southern iron combination. ,-.
 There was nothing in the general ap 5,ooo y1oaof daa alipoc n c,1O0nst oflJ change in the character of the buying and selling. It came in the main iron the pools and cliques, and the largel operators in the board room.
 Chesapeake & Ohio emerged from it long period of dullness yesterday ant with meteoric swiftness ran up from 51 to 58, the pyrotechnics being most ly reserved for the end of the day. Th room heard good reports of the road business and prospects. but in addition it was said important development were pending. They might include Bi. Four and other roads, as well as nor or less directly the New York Central A pool affiliated with Pennsylvania was back of the move in Chesapeak and Ohio. It circulated the report tha the dividend is likely to be increased.
 A London dispatch says: The gol' output of the Rand in February, as re ported yesterday by the Johannesbur. Chamber of Mines, was 363,S11 ounces 13,811 ounces above last Saturdays es innate, 5,447 ounces below January and 74.309 ounces above a year ago.
 The buying of Union Pacific seeme at times good; at others things looke as if the stock was being distributed. The continued strnegth of Amalgam ated Copper during the greater part 0 the day convinced many that Standar Oil interests are in tn emarket, and ar largely responsible for it's buoyancy that they are eleverly covering thei board-room operators.
 Canadian Pacific got its bull boots ol again despite it's point rise and it selling ex-dividend. ..-
 Points were out again to buy Penr sylvania. and the stock was active strong and higher.
 MINING SUIT FOR sS7,000,000.