The daily morning journal and courier., 1906-03-29
STOCK MARKET FEATURES
BULLS IN CONTROL AND SEND
 PRICES HIGHER.

More Hopeful feeling us to Coal sifua-
 tlOn-MOney Higher--Lake Shores
 RepOrt-Conrage vs. CautlOn--Gossip
 of the Day.
 The bulls were in the ascendant yes- terday, and prices rose.
 There was a firm undertone to the market, and more hopeful feeling as to the coal-situation outlook. The ba- sis for this change of sentiment was the probability that the anthracite min CTS might be ordered by President Mitchell to continue at work pending further negotiations with the operators, and also the possibility of arbitration in the bituminous region.
 The Steel stocks and the Fries have Jagged of late, but yesterday they as- sumed quite prominent market posi- ton and were especially strong. Steel common crossed fl and was bought freely both for foreign and home ac- count. London bought these yesterday, PASSuAlldply OA duNdIlCG lIpS,
 The market was helped by the report that President Roosevelt is watching the developments at Indianapolis close ly and that he is anxious to have dfffi- culties arbitrated.
 The Lake Shore report showing large ly-increased holdings of the minor Van derbilts, was responsible for a gain of qIO1nGt tvJn 1te in tral, nearly as much in Nickel Plate common and even more in C., C., c. & St. Louis.
 The stocks which were most watched were the bituminous railroad issues, in- cluding Pennsylvania and Baltimore and Ohio, and United States, as they would be most affected by bituminous strike. All these stocks held well and were inclined to strength.
 Bullish tips on Brooklyn Rapid Tran sit and Colorado, Fuel were handed about before the opening, and both made good early in the day
 The selection of such stocks as Brook lyn Rapid Transit, Colorado Fuel and American Ice to lead the market did not induce much public buying of stocks, yet 1t pleased the trading element, which does not care how 1t makes its profits.
 The cautious man is staying out of the market, but the courageous man is buying stocks" was a comment early in the day.
 Late rise in call money to 6h per cent. occasioned quite a stir on the stock exchange, where the advance was attributed to preparations by the banks to meet April 1 disbursements.
 The bears were still positive in their assertions that any strike-soft coal or hard-will be bad for general business, while the bulls said that any trouble had already been discounted.
 The absence of liquidation was com mented upon as showing that the hard headed investing public have not been frightened by coal-strike dangers.
 As to the rise in the Fries, one theory was that the clique which bought so much of this stock on the last rise from AS to 52 was caught long of a great deal and was not able to liquidate prior to the February break.
 Union Pacific was particularly strong late in the session.
 The Lake Shore report showed no in- crease in the company's holdings of Reading stock, which include S6, ,065, ,OOO of the first preferred, $14,265 O0O of the second preferred and $1O,002,500 of the common. These are unchanged from last year.,
 The steady advancing tendency of Reading was considered to be of much significance and it helped the whole market.