The daily morning journal and courier., 1906-09-26
STOCK MARKET FEATURES DECLINE THE CHARACTERISTIC
 OF THE DAT.

Stocks Close at Lowest Figures--New High Records Made by Ice Stocks, Pullman and Canadian Pacifc-Small Engagement of $20O,OOO Only Secured in London High Figures at London Exchange settIement--swift * Co.'S Advance and High Figure.
 It was on the whole a day of de- cline on the stock market yesterday. During the morning there were no nota- ble declines, but an irregular down. ward movement prevailed. In the aft- ernoon an attack sharp and sudden timed with the adjournment for the day of the state conventions, and the dreaded rumor that Hearst had been nominated at Buffalo, resulted in con- siderable declines, Anaconda dropping il points, Amalgamated 1-2, Reading 3, St. Paul and Union Pacific ?. Dur ing the progress of the decline the long awaited dividend in Anaconda was am nounced, an increase of 0ne-half per cent over the June dividend, and of a full one per cent. over last Septem- ber's. This was accompanied by the announcement of a three-eighth per cent a pound increase in the price of copper metal
 These announcements called a tenn porary halt, and recovery, but before closing the decline was resumed, and the close was weak again with the lowest prices of the day
 The most significant event of the day was the abnormally high figures charged at the London stock exchange settlement to carry" American ac- counts over to the next adjustment. The charges of 6 1-2 to per cent were recorded.
 Only $2OO,0OO in gold was secured across the water, and the opinion pre- vailed that about all the foreign relief that can be counted upon has been se- cured through the importation of gold already obtained.
  record of 180. American Ice securities and Knickerbocker Ice also made new records.
 In all of them the advances were due to pool manipulation, accompanied by talk of big earnings and increased divi- dends
 Pullman made a new high record, also.
 Bankers pointed to the one-half cen time decline of sterling at Paris as in- dicating the continued difficulty of get ting gold for New York from the French market
 London continued a seller ip the mar- ket, putting out perhaps 1500O shares, and buying very little, This was sup posed to represent further transfer of accounts to this side, many of them having been carried abroad on capital borrowed in London. American stocks were generally lower in London before the local opening.
 The steamship Kronprinz Wilhem, which arrived yesterday brought in seventeen boxes of gold, eleven of which contained nearly $1 900 in coin, con- signed to the National City bank The remainder was consigned to Laden burg, Thalman & O. Heidelbash, Ec- l1elheimer & Co. announced they have engaged $20O,0O in gold for import. Nc other engagements were made.
 The first payment of the New St Paul stock, involving $19,OOO,OOO, was made yesterday.
 Rock Island acted a little better as the report of the operating company shows a 2 per cent. euity for the com- mon stock,
 Three point advance in the price of stock of Swift & Co.,. was one of the leading features in the Boston market yesterday. and one in which New Ha- Veners are showing much interest, as a great deal of Swift stock is helc here.
 Shortly after the opening of the mar ket there was heavy demand fol Swift and the supply will not reach it For that reason the first sale quoted was SIP a share, which was better bl one point than the closing point Mon day. A short time latter the price ad vanced another point, and then by frac tional gains worked it's way up to $ll4 This is the highest price for Swift il five years, and it is now generally be- lieved that to the company's earnings which will make a very gratifying showing as reported in another column can be attributed this unusual actiVlt! in this stock.