The daily morning journal and courier., 1906-03-27
STOCK MARKET FEATURES
BULLS IN THE ASCENDANT WITH
 RISING PRICES.

Advances of From One to Seven Points
 Sentiment More Optimistic Despite
 Deadlock at IndianapOlis-A Peace
 full Solution Hoped FOr-MOre Gold
 COming-Big R. R. Earnings-Gossip.
 Stocks were quite buoyant yesterday, and sentiment of the optimistic kind took a boost.
 There were advances of from 1 to ' points in various stocks, and prices moved up surprisingly easy and more attention was paid to the big increases of earnings reported by various impor- tant railroads.
 The deadlock at Indianapolis over the bitumlnous situation continued, but late advices stated that there was a better chance than heretofore of the adop- tion by operators of the 1903 wage scale.
 United States Steel acted a good deal better than of late. The splendid busi- ness doing in rails helped.
 The strength of Reading was regard ed. as significant, and helped the bull talk.
 The selection of the Hill group and Northwestern to lead had a suspicious look. They can be run up any time by the clique without danger of having to take much stock. The people who hold them, for the most part, desire the in- vestments, and will not take profits on such moves as occurred yesterday.
 The market looks good enough to buy, but am afraid to buy it," was the comment of a trader early in the day This was characteristic of the general Wall street attitude.
 No news developed by early afternoon to account for the buoyancy. The street as a whole regarded the rise as profess sional, brought about by traders for the purpose of stimulating interest in stagnant market.
 The absence of liquidation led to a good deal of optimistic talk around off, fees. At the same time practically all the business was professional.
 Washington wired that the house sub committee on ways and means had agreed on free alcohol bill. Distillers' Securities advanced.
 Local stockholders in the Diamond Match company yesterday received for nal notice of the special meeting to be held at Chicago May l, at which the proposition to increase the capital stock of the company by $1,OO0,00O will be vot- ed on. It is stated in the circular that if the new issue is authorized stock holders of record on March will have the right to subscribe to one new share for every fifteen held. Payment in full for the new stock must be made before June IS next. The new stock will be sent out at par
 There was very heavy trading in Reading around 134. At that price the tape showed 14,OO0 shares in one block. The behavior of Reading was char acteristic. It was as mysterious as ever, and under complete control of clique.
 Shorts in Consolidated Gas did some rapid covering. It was the understand ing that the company Is preparing to fight in the courts the SO-cent gas law on the ground of its unconstitutional- ity.
 Active negotiations were begun yes- terday for further gold imports from Germany. These were helped by the further advance in sterling at Berlin, where London remittances sold at 20 marks 4S% pfennigs. Inasmuch as 20 marks 52 pfennigs is the normal gold shipping point between Berlin and Lon don, further transfers of gold will prob ably be made. Sterling here declined fractionally and one or two millions of gold were under negotiation in Berlin yesterday,
 The talk about Attorney General Hadley, of Missouri, proceeding against the railroads in that state weakened Rock Island, but had no effect what ever on the Hill stocks, which were among the most buoyant features of the day, Northern Pacific rising 311s and Great Northern 51s.
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