The daily morning journal and courier., 1906-11-14
STOCK MARKET FEATORES
PRICES IMPROVE ESPECIALLY
 ST. PAUL

! St. Paul Hes Big Rise--Holds the Rest of the Market--CaIl Money Easier
 And No Action from Secretary Shaw Eastern Lines Wages Increase Is $2O,OOO,O0O a Year--The Days Gossip. Yesterdays stock market was active { and strong for change.
 There Is much doing in St. Paul and that stock had risen five or six per cent. from the low of the day before.
 All this occurred without any signs bf action from Secretary Shaw. 8 Money rates were lower by increased supplies of out-of-town funds and the W relending to the market of money talk en from 1t on Monday
 Eight per cent. was again paid yes terday for 6O-day money secured by 4 all industrial collateral There was comparatively little of it to be had Q even at those figures because bankers &l preferred to keep what surplus funds N they had employed on call.
 Call loans touched IA per cent early 8 and then reacted to per cent, but % the rates for time loans held at 1-2 x and per cent, for 6O-day periods.
 The rise of St, Paul to above 176 was in connection with talk that the com Vpany might issue more new stock soon, thereby providing rights which would be of considerable value. The principal buying of this issue late in the day was by brokers usually associated with Standard Oil interests,
 The policy of the banking interests is clearly against encouraging specula- ;, ton.
 \ When money began to decline yes N terday brokers who few hours before VI were clamoring for relief measures, solned in the throngs that were trying # to put up the market They were dif- ferent men as soon as prices advanced.
 The buying yesterday was chiefly by |f the short interest. This has been a constant clement of support through out the season and was increased last N week
 A sensational advance of 3 1-2 cen times in the price of sterling at Paris k yesterda.' had reference principally to k a ninstallment payment on the Penn sylvania loan. This may help our own market for exchange,
 A factor contributing to the better market sentiment was the evidence of more harmony between the eastern railroads threatened with strikes and their employees. It was estimated that the increase in wages already allowed on western lines amounts to $20,000, ,O0C year.
 The Philadelphia market yesterday became quite strong, but was very quiet. Lehigh Navigation certificates sold ex-dividend at 1O5, off points Lehigh Valley advanced 1 point to 79.
 The best foreign demand for bonds Just now Is from Holland They have 4 been taking fair quantities of Japan ese As and 4 1-2s, Atchison convertible' and Kansas and Texas issues. They have also been buying cheap railroad stocks
 The rise in Rock Island was though to be a result of the formation of 25,0O00O0 express company from whiol llal0lolueIS Lldy SSI 0Hl1iA AiSiie
 Freight and passenger officials o other railroads at Chicago are agitate over the action of the Illinois Centra railroad in filing with the Inter-'stat commerce commission a tariff O through rates on freight between point on its lines and those of the Chicag, and Milwaukee Electric railroad.
 The strength of American Car Foun dry and Pressed Steel Car was due t the $6,Oo0,OOO order of the Pennsylva mia and that of $5,OOO,OOO by the Rocl Island. Most of the business goes t these two concerns.
 Yesterdays Boston market was mar row, dull and without notable feature save better tone in copper specialties