The daily morning journal and courier., 1906-03-19
STOCK MARKET FEATURES
DEMONSTRATIONS AS TO THE
 OUTLOOK.

Opinions in the Main Favor Gradual Hardening of Prices-Others Look for Further Decline Before Rise
 Some of the Opinions.
 Wall street didn't like Saturdays dull market and the brokers would like to see the market more active.
 Opinions as to the outlook vary, but in the main views are Hopeful.
 There is some aneasiness as to the uprising against big corporations and some of the big men are not comfort able in this respect.
 The courts in a number of recent de- cisions have laid down principles coin- ciding with the very general anti-corpo- ration tendency of public opinion that has latterly become so manifest. This tendency may, however, go to too great an extreme, and it is certainly one of the things that the important financial interests are now reckoning with in their calculations for the future, "So- cialism' is the way they refer to it., ana they QO nov llke IL,
 The market has certainly stood the tumble in Chicago traction and in Con- solidated Gas remarkably we'll
 As ito Missouri Pacifiv it is pointed out that the bad news as to earnings is past history; that present earnings are vastly better. Moreover Mop has assets in its treasury in stock holdings
 
 Some of the Wall street opinions are Carpenter, Baggot & Go. say; How can the market show much improve ment when handicapped in so many ways? The mania for legislating and investigating is so widespread that it is difficult to find subjects to go around. At least twenty bills aimed directly at Wall street or corporate interests are now before the legislature and congress. A sample is one compelling stock brok- CTS to deposit $100900, or it's equivalent, at Albany. This provides a direct in jury to the poorer for the benefit of the richer. It would force out of business all small brokers, and would direct their business to the larger houses.
 Bartlett Frazier & Darlington say in their letter: "It is sagely remarked by a man who knows something of Consol- dated Gas that when the stock went on 4 per cent. basis, the company would have a very powerful lobby at Albany composed primarily of widows and orphans. We believe so ourselves, and we believe meantime that the fal- lacy of 80 cent gas will be pretty clear ly demonstrated. Union Pacific is firm, and we are willing to place ourselves on, record as saying th.-y the adjourn ment of brsgress will witness this stock selling 25 points higher than it is to- day.
 Whilo Wall street spectators are looking for squeeze in the New York money market between now and April 1, MT. Clews thinks there. is no reason to apprehent any very serious disturb ances, as after the middle of April the crop moving money will flow this way in considerable amounts. Conditions are conflicting and two sided. Mir. Clews continues: Recent liquidation improved the technical situation somewhat, but market leaders are not yet disposed to buy with any freedom. either sharp break or improved general conditions being necessary to revive their active interest.
 One Wall street broker said Saturday with evident disgust at the dullness of the market: There was no evidence of any public participation, fact of which commission hous brokers make no secret whatsoever. The price f1uc- trations of the day seemed to represent nothing more important than an even ing up of traders contracts. So dull was it that a mock St. Patrick's day procession was arranged and carried through without protest or interference with business. In fact it was accepted as a relief from prevailing monotony,