The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-01-19
STOCK MARKET GOSSIP.
THE ZIG DEALINGS IN READING
YESTERDAY.

Talk of a Squceze-a:K. It's" Prosperity
Illinois CentraFs Increase Of Divi-
dends-Other Dividends Declared
AmaIgamated and Its Dividend Ac-
tion To-day.
In spite of Missouri Pacifc's net in
crease for December OF $55OOO0, the
stock sold off easily.
The continued rise in Reading to
above IS S-S by early afternoon. as
against SO SIS yesterday, was a surprise
TO Wall street, but the rise was gen.
orally charged to manipulators, over
100000 shares changing hands in the first
hour. There was talk of a corner.
A new high record price was estab-
lished by American SHELTERS on good
commission house buying. The selling
was good, however, and seemed to come
from inside sources.
According to report the Canadian Pa
citic railroad is negotiating for two new
ships for the Atlantic service.
The declaration of larger dividends,
as, for instance, one-half per cent. ex-
ira by Illinois Central, in addition to
the regular per cent. semi-annual pay
ment, received a good deal of atten-
ton. The opinion was that Illinois is
put on a permanent percent basis; an
other was that it was declared as ex-
ira without permanency in view.
Amalgamated directors meet to-day
to act upon dividend. The street has in
sisted for several weeks that an in
crease of at least 1-2 per cent. would
be made.
The directors of the Lehigh Valley
railroad met in Philadelphia yesterday
and accepted the resignation of Norman
b. Ream as member of the board
Alexander B. Cox was elected to sue
coed Mr.. Ream.
Dividends declared: Chicago, st. Paul
Minneapolis & Omaha Railway compa-
4 ny, semiannual dividends of IL pei
cent. on both the common and preferred
stocks, payable February 20. The Am
erican Light and Traction company
regular quarterly dividend of / 12 pei
cent. on the preferred stock, payable
February /. Tennessee Coal & Iron
regular quarterly dividend of 2 per cent
on the preferred stock, payable Febru'
AIRY !.
Stockholders who have received from
the New York, Ontario and Western
checks for the dividends of IS per share
were encouraged by the request of thu
company to them for a permanent divi
dend order. The stock had quite E
rise yesterday, but slipped off a LITTLE
near the close.
In connection with the rise in Chesa
peake and. Ohio, it was reported, as il
the past, that the dividend might b
increased. This was not general!
credited, and the time for the next div
idend is a long way off.
Directors of the Hide and Leathel
company will meet next Tuesday ant
probably declare dividend on the pre-
ferred. III
Ama1gamated Copper was firm a
times, probably, as a result of shor
covering, rather than any change il
sentiment in regard to to-day's quar-
terly dividend. The street was entirel!
at sea as to the amount to be declared
A great many persons, rather than re
main in the dark and take the chance
of a break in the price, were getting
out Of the stock yesterday.
The sharp advance in Missouri, Kan
sas and Texas preferred was due t
scattering buying based on expecta
tions Of a dividend in April. There wa
good buying of the common by the in
terests familiar with the property AM
its prospects, and owing to the goo
showing of earnings.