The daily morning journal and courier., 1905-04-14
STOCK MARKET FEATURES
RUOYANCY YESTERDAY ALL
 AROUND THE ROOM.

Blocks Rallied Materialiy-Things
 Looked Rosy Again-There was Good
 Buying but Also Good selling-stesI
 Preferred's New High Record--Cop-
 per Scared AIso-Big Buying of U. F.
 Shorts Ran to Cover.
 Sentiment became optimistic yester- day and stocks rallied. The shorts has tened to cover, and there was some good buying for long account, The dif- ferent pools also assumed an aggres- sive position on the bull side, and it certainly looked as if some leading in- terests were encouraging an upward movement, both through liberal pur- chases of stocks and free offering of call money on the exchange.
 An encouraging development of the day was furnished by the government statement of the country's agricultural exports for the month of March. The total rose to $67, ,395,557,, an increase of $S,245Ss4 over last year. The March to- tai is the largest for any one month since December last, when the figures were ss1,901, ,504. The shipments of wheat, however, amounted to almost nothing. -..,. .*
 U. s. Steel did well again yesterday, the preferred climbing to 1o3 5-s, the common getting back to S3 7-s. They closed strong. The preferred made a new high record.
 Money rates seem to be moving in the direction of greater ease.
 The advance in .Amalgamated Copper to the highest price in recent years was due to continued bull operations by brokers who often get orders from the inside party. There was, in addi- tion, considerable buying by scattering houses whose information on market movements is apt to be good.
 Additional evidence that the St. Paul is to be extended to the coast is fur nished by the purchase of water front property in Seattle, and francises for tracks through certain streets there.
 There was enormous trading in Un- ion Pacific. Much of the buying was called good, but q great deal of it was so obviously speculative or by profess sionals that opinions were mixed.
 There was a general revival of specu- lation in the morning in all of the Hill Hartman stocks, and those likely to be influenced by the changes in the Western railroad field. Union Pacific was bid to 134 7-S, St. Paul crossed 1s0 !, 4 points to a new high record.
 New York and New Haven railroad stock sold at 20S in Boston yesterday.
 Rubber Goods common had a relapse after it was announced that the man. agenfent was opposed to a payment of dividends at this time. It is now off 3 1-2 points from the recent high record.
 Smelling and Locomotive, as we'll as the Copper shares, made new high rec ords, although they suffered later on from extensive profit taking. Reading was bought actively, in anticipation of an early increase in the dividend, and for like reason Norfolk and Vest ern came into unusual prominence.
 The bond Tmarakat was moderately active and strong. The principal trad ing was in Japanese 6s, American To- bacco issues, Rock Island collateral As, International Paper 5s, Union Pacific convertibles, United States Steel sink ing fund 5s, Wabash '1ebentures B, Wabash, Pittsburg Terminal issues, and Wheeling and Lake Erie 4s.
 The London market was stagnant and rather heavy, awaiting news from the East, and in anticipation of the Easter holidays.
 Trading on the London stock ex- change was quiet and hesitating, oper- ators watching the naval movements in the Far East. The undertone was fair ly good. The account was closed sat isfactorily. Consols improved o ninvest- rnent purchases.
 Awhile ago, said 8 New York broker yesterday stocks were going down and down, regardless of earnings, values or anything else. We'll, the movements the other wa yrlow, that's all, and the only thing to do is to join the proces- sion, not lay down and let the process sion walk all over you.
 The Chesapeake &s Ohio Railroad com pany reports for seven months surplus over all charges, $1,472,564. .-----1-z -