The daily morning journal and courier., 1905-06-14
STOCK MARKET FEATURES
DULLNESS AND HEATINESS
 MOSTLY PREVAILED.

Equitable Report-Fresh Crop News
 Not Bright--Amalgamated' Drop on
 News of Earnings-More via Boston
 Cotton and Corn.
 Yesterdays stock market was sag ging one, and stocks eased off and were heavy.
 London unexpectedly dumped 10000 shares on the market. This cooled off the bullish ardor. It was hinted that this selling was for New York account. Anyhow, the effect was the same.
 Consols and Russian bonds were strong abroad.
 The weekly. government report was rather bearish, as it spoke of the yield of winter wheat in the states where harvesting is going on as being disap- pointing.
 The Morocco situation, had something to do with the foreign selling, it was claimed, and offset the era of good feel ing over peace prospects.
 The flooding of Wall street with more dispatches by the Boston operator, as- serting that United States Steel pre- ferred would go to 40 and Amalgamat- ed Copper to 30, and that if anybody can prove that in the past thirty days he has been short 1,000 shares of stock he will pay a million and will stop writ ing-all this did not create any alarm. The street was a little setback at the lack of commission house buying, now that the Equitable is under new reg ime and peace prospects are good. It was argued that the Equitable business had not lost it's effect.
 The appearance of statement of earnings of the Amalgamated Copper company for the year ended June 1, showing $33, 749,397 gross and S,692, ,24S net, was the signal for sharp bear at tack on the stock by the Boston contin- gent, and the decline of two and one- quarter points that followed was an- other influence that helped to depress the general share list.
 Wall street hasn't yet decided that there is to be peace.
 There seemed to be disposition to await the Hendricks report on the Equitable situation.
 In the cotton belt grassy conditions SOlIlIlluG tO plGSctil tIIS CEop IS pUUI l i'll some localities in Texas, with the boil Weevil active, although in the northern and central counties some im- sproyement has taken place.
 The big interests in the market seem- ed to be in a waiting attitude. Corn is not promising except in the loWer Ohio and upper Mississippi and Missouri valleys.
 That not much stock was pressing for sale in the last hour in certain is- sues was clear from the ease with which they rallied. Louisville rose a full point on three sales aggregating 300 shares. But this bidding up had pro- fessional appearance.
 Steel Foundries preferred has made a brave effort to get back some of it's loss. It rallied up to 43 on Saturday, after selling down to 301s, but fresh liquida- tion put it down to a new low level yes- terday. It was said that a pool had lost $190,000 in it and that 1000 shares of long stock upset their calculations. It looks very much as though the re- cent bull pool in Copper supplied stock whenever it rose above 80, and that the pressure from this source made opera tions by the bear clique successful. Referring to the immediate market, Dick Brothers & Co. says: While more or less irregularity is to be ex- pected, we believe that the tendency of prices will be upward, and We look for advances within the next four days. The market shows a very good under tone, and, although it is in 8 position where it might quickly be disturbed by untavorable news or professional at- tacks, we do not expect anythink more than temporary reactions and would advise purchases on all setbacks''