The daily morning journal and courier., 1905-09-19
STOCK MARKET FEATURES
BULLS AND BULL TALK CHIEFLH r
 IN EVIDENCE.

Other Strong StOcks-Gold Imports and the Money QuestiOn-OptimistiC Views.
 The bulls were still in control yes terday in the stock market and ap- parently had things their own way.
 A feature of the day was the activity in the Wabash debenture "B'' bonds, which have been steadily rising for a week in which time they have gained points. The reports are that the Goulds are buying the bonds with the view of strengthening themselves be- cause of the movement started by Jo- seph Ramsey, jr., the about-to-be-re- tired president of the Wabash railroad, to oust them from control. The bonds have voting power, and it is expected iby Wall street that the protective com nlittee of debenture "B'' bondholders, which has been at loggerheads with the Gould management and has brought a suit now pending for an accounting, " AA3 lAAkOh ILS bGAShA4iS1 lO U1Is AdIlLSSSs
 Mir. Ramsey said yesterday: T want to say that I am not backed by any array of strong interests that are inim- ical to the Wabash and to Wabash stockholders. Of course, hope to win in the fight. -
 The stock market got new start yesterday over the announcement that money was plentiful at per cent, and that more gold is engaged to come here lefeller's optimistic views helped the bullish feeling.
 James R. Keene said yesterday there was no cause for gloom over the fact that we are annually pocketing from cereals alone $2,500,o0c GOO.
 Canadian Pacific went higher yester- day and Reading rose to 122 without creating any disturbance or relapse.
 In spite of the denials of the S70,000,- 900 land company to take over the hold ings of the Canadian Pacific the stock of the company rose to it's highest level with London and Canadian houses ex- erting the strongest demand. The an- nuaI statement of the Soo line helped the stock. It showed net earnings in creased 29.S per cent. The Canadian Pacific owns a majority of Soo stock.
 The arbitrage trading yesterday amounted to s25,000 shares.
 Much of the strength in Canadian Pa ciffc was on foreign support, although the price was manipulated skillfully from this side.
 The announcement of Chairman Rouse against any dividend on M. K T. this year was not felt to be bull card or the stock, Although the road is pick ing up finely, restrictive legislation is complained of as a drawback.
 Each Wabash "B" bond is entitled tc ten votes. The transfer books are al ready closed for the election October 10.
 The buying of 10000 shares of U. s Steel, common, by Wolf Bros. & Go was the notable incident in that stock The estimate for the net earnings O steel fo" the quarter is $32,OoO,O0O, bu heavy changes for depreciation IS ex' pected.
 The manipulation in Reading was ac' companfed by the usual bull tip. Thi! time the story went out that tn stocl was good for rise of 125. Many trad CTS were skeptical, and the short inter est in theactive shares was, if any tIlng, enlarged.
 Brooklyn Rapid Transit responded very slowly to an attempt to bid III . the price. Politicians, 1t was said, let ting the stock alone.
 Many of the buying orders at th' opening to-day were in 5,000-share lots several of them lat the market"
 There was quite a demand for NeV Havn stock with unusual activity in i up to 215. It sold thereafter touchin! 211 and then declined 8 1-2 points ol one sale. The previous high price o the year was 211. A very favorable an nual report is promised. There wer 3,600 shares of the stock dealt in yes terday. The activity was attributed il some quarters to the prospect of an is sue of new stock.
 Chesapeake and Ohio was bough principally on the belief that the di vidend will be raised at the company meeting next Tuesday.
 One New York banker of note yester day asserted that he had ooked fo high money, two or three weeks age but had now wholly changed his mind because of the attitude of the trus companies towards the loan market.
 Western spectators were buyin Louisville and Nashville. The stoc advanced to-day on its strength in Lon don.
 The sustained advances yesterda wre, as a rule, in stocks whose marke is usually inactive, and which can b moved in either direction without muc trouble. Atlantic Coast Line sharei Canadian Pacific, Chicago and North western, Corn Products preferred Great Northern preferred, Readin Leather preferred ard New Haven wei the principal stocks advanced yestel day.
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