The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-23
WALL STREET SHOWS =
DISCUSSED BUYERS
Stocks Tipped to Advance the
Past Week Failed
Signally.
Special to The Journal,

New York, Sept. 22.-The opinion is
expressed among stock spectators that
proit-taking to fair extent is in pro-
gress in some of the high priced rail
road stocks which have been features
Of the market, and these securities are
not expected to advance further just
now. Special issues are looked for to
be the features Of the trading. Anal
Egamated Copper is still spoken of as
likely to be the leader of the industrial
list: While no one really believes that
such high prices as lao to $50, pre-
dicted for this stock, will be realized,
/ nearly every one who has an opinion re-
/ garding the matter believes that the
stock win sell considerably higher. AL
tho it has been generally predicted that
both the Anaconda and Amalgamated
dividends will be increased at the
Forthcoming meeting, wagers have been
offered that the Anaconda dividend
will be increased, but that there will
be no change in the A1nalgamated rate.
This is by no means the prevailing
opinion.
The movement in specialties led by
the equipment shares is expected to
continue and to embrace considerable
number of other securities in the same
class. There Is distinct disappointment
over the failure of the United States
information comes from good sources
that altho certain banking interests
which have been closely identified with
the Steel corporation since it's organi
zation have for some time taken an
optimistic view of the stock market,
they have not been disposed to lead
movements in individual stocks. To
this fact is ascribed, to large extent,
the dullness in the United States Steel
irfa oto b;oh
with the position Of those banking in
terests. Still, it would not surprise
close observers to see marked renew
al Of activity in the Steel stocks. It
is said that Henry Clay Frick has been
taking good deal of Steel common Of
fering below At, and that he is one of
the biggest bulls imaginable On the
stock. It would be interesting to know
from when the selling comes, now that
the mystery as to who has been doing
the buying has been cleared up.
No one yet who has been willing to
talk regarding the matter, seems to
have any definite information with re-
spect to the movement in the anthra-
cite coal stocks. While the opinion is
quite generally held that the Hartman
interests have large, if not a con
trolling interest in the Baltimore &
Ohio, men who are in a position to get
the first information regarding that
matter apparently have heard nothing
from offiscial or authentic sources. One
man who would be likely to know the
reason for any genuine movement in
-sylvania, says that very many of the
rumors in circulation with respect to
these stocks are utterly without foun-
dalton: From banking circles, how
ever, in close touch with the Pennsyl-
wanna at least, comes the information,
which is generally credited, that plans
of first Importance relative to the three
companies mentioned and perhaps 9TH
ers. are being worked out. Still, those
Interests do not seem to have definite
information as to what is being done
The indisposition Of James J. Hill to
discuss the Great Northern ore deal
upon his arrival in town started story
transaction. This is not credited in
i well-informed circles, but it is thought
that perhaps the story may be used as
u an excuse for some bear demonstration
Considerable interest is developing in
the Missouri, Kansas & Texas issues.
as result Of the study Of the com
Rany's annual report, iqst published
dividend was being earned on the com
mon stock. The principal reason, how.
/ ever, for the bullish views that are now
being expressed is that the company is
expanding money literally in the i'm
provement of the property and the fact
that it now has an ample fund to carry
on this work.
Observers of the market are inclined
to look for moderate amount of gold
to be secured in Europe and expect that
call money will rule moderately easy
They do not look for anything more
/ than a temporary furry in money until
near Oct. l, when it is thought that
{. call funds will be much higher, for sew
eral days at least. Attention is called
to the fact that the dividends and in
1 terest disbursements to be made during
3 the first few days of October will be