The daily morning journal and courier., 1906-08-15
STOCK MARKET FEATURES ANOTHEE DAY OF DULLNEsS
 AND SOME STRENGTH.

What RuTtnGE EIhAAA~S AAAAtsN
 rronosed New Trunk Line From New
 york to Chicngo---GOssip of the Day.
 Wall street had another dull day yes- +ardav but there was no special weak mass and, after reasonable profit taKlns' the market rallied quite handsomely The dullness was due in part to tlle ,,ncertainty as to what Union Faclic and Southern Pacific will do as to the divident question tomorrow, II any thing is done on that day on the sup ject j., ha It is claimed in some quarters 70 pe nrettv certain that Southern Pacllic common will get 4 per cent. After tnls is declared all of the good news on the a+ock will be known. The interest ol tbe market will then be located i'll otler quarters. where there is some clioii0e oa a fresh dividend or of an 1ncreaseo olio being allowed. VI
 Brooklyn Rapid Transit showed re- ooverv of 1 1-2 points. The market touched the lowest after the Coisoiiuat- ed Gas dividend of i per cent "aS uo@ clared. ,...,,. +ba, B. R. T. held well considering tne news that 1000 sheriffs were to pe suiit- r,oned to enforce the five cent lare lo rorav Island. The short interest III tha stock has been largely lncreaseu since Saturdays decision, and ule 9un- dav riotous doings on the ConeS lSislilu 1,na and the shorts may have to laee ,,,,s,c w +hev will not appreciate. Frlends of the company regret the taisle 's Y causes the public to get ooWl oll
 corporation, whereas before Y was gaining public confidence The announcement ot the proposeu new trunk line from New York 10 Chi- cago 10S miles shorter than NeW loiA rantral's. or any other line pet"eeh those points was not reflected II Iii9 market yesterday. u, cnoo,la+ion now on depends on now far dividends are to be increaseu ol hau long the public can be mad eIo think they will be increasSi m tiae ,,aan time the enormous crops the racord breaking railroad earnings ana tba great industrial activity will Keep securities at good prices Independent q any change in dividends.
 leading broker in describing tne character of the days market salo. ..1Tost of the buying was made up or rnrchases by two well known operators who have just returned from thelr va oations outspoken bulls. They LOOK obo,,+ 5o0OO shares each of various stocks. When they had been supplleu the buying power was exhausted anu +hings came to a standstill. The pup- 1ic has not been doing much this week
 The old bull pool in Wisconsin cen +ral is preparing for another campaign i, the stock Last January 1t put ple oonnn,on to 39 and the preferred 10 o4' Reports then connected the property with the Canadian Pacitic ana tne ot' T3aul The road will earn about $0VV,- mo more gross this fiscal year than iast' AZ annlication by local politician to l+ba attorney general to bring suit to an mi the charter of the Brooklyh Raplu grransit company was partly respolisi- tIo for a further decline in that stock There was a distinct lack or aggres- efveness on the part of the dlhereh' nools that have been active recently Stocks reached certain levels, but Tell 1ooly aach time on the increased oftef- ings. .,,o+ uooc Consolidated Gas was somewhat reac- tionarv. though not much affected oy +ba declaration of a quarterly dlVldeho of 1 per cent. 5
 Some of the best prices of the day 1rara made near the closing. Baltimore ond Ohio then crossed 122 and South Arn Pacific went back to the opening bigh nrices. Baltimore and ono sells ex-dividend to-day
 The rise in Northwestern probably comes from expectation of rignts rom the proposed new stock issue. IhiS mas heen under consideration for two months The taking over of Omaha stoock is talked of
 The Hartman group of stocks WaS heavy during most of thez day
 Bear tips were heard on St Paul They indicated the change that haG come over sentiment It was argued that this stock was Wlthln d 1e" pun t' of the highest of the year
 Time money was described as shaoe easier late in the day for short dates but as firm as ever for over the year Concessions of IA per cent. were sac to have been made in many cases or short loans
 c R. Macdonalds sale of 10000 South ern Pacifi was diseoncerting to the oullS on the stock. His operations were looked upon as personal ones. He ire quently carries an account Of rom 0o'' 900 to 75,0O0 shares.
 So far as can be judged at the mo ment the hope of the larger hnancla interests is to keep the market Tn state of expectancy until they make their bid for the outside public's return to Wall street
 Canadian Pacife's heaviness Wa' caused by the unchanged dividend rate The company was conservative II maintaining it at per cent. for 1t ha( earned 10.
 In the closing hour of business prices recovered irregularly. most or all of thu midday losses being regained; th' market, meantime, acting as apathetic ally as before. At the close, net changes for the day were of little consequence
 Steel common touched the best pric' sinea the dividend was declared.