The daily morning journal and courier., 1906-06-16
STOCK MARKET FEATURES
PROMINENT STOCKS WERE
 WEAK AGAIN.
Liquidntion and selling-The Market Touched Lower LeveI-Intense Public Indifference Not Relished-Lambn Too Wary-A Closing Rally.

Stocks again yesterday did not seem to be 'In strong hands"
 Most of the stocks actively traded ln touched a lower level, but there was slight rally at the close.
 Liquidation and selling by tired out speculative interests were apparent. While not so nervous as on Thursday, the market was tedious one.
 The opening weakness of the market was disappointing, as lot of buying orders at the opening was expected, and did not materialize. Brokers re- ported yesterday some little investment buying, mostly in blocks of 100 shares or less, though some orders for 1000 shares or more, of the character noted, were executed. There was also moder- ate absorption of good bonds, such as yield 4 1-2 to per cent. But there was no general disposition to buy se- curities simply because of the sharp break in prices. This drove away more persons than it attracted.
 A rise in call money rates, an ad- vance in all coarse grains and very soft markets abroad were some of the days unfavorable factors.
 Reports of crop damage, a little fur " in call money, and another circular from the Boston operator whose delight is to attack Wall street, were three ar guments which were used for the sell ing of stocks yesterday. Wheat and corn advanced quite sharply.
 Call money touched 1 1-2 per cent. This was due to a shifting of loans on account of large dividend payments, in which the Standard oil and affiliated corporations figure. In view of the re- ceipts of currency from San Francisco the reported cash gain of the banks this week of %,250,000 is not what 1t should be.
 In connection with the break in cop per stocks yesterday attention was call ed to the sharp recovery in copper metal in London. It was alleged that certain operators in the metal market had been caught heavily short, and had been bringing ali possible pressure to bear to bring down both the metal and coper stocks. They succeeded better in knocking down stocks than they did SUppOks IL Wdo luLthSl doSSIbCA hlldI speculative operators on both sides of the water were working together in their attacks.
 The May earnings of the Baltimore and Ohio and persistent reports of a higher dividend helped the stock to maintain part of its recent advance The gross earnings increased nearly $1,o00,0o0 and the net $4S1, ,O00. The elev- en months net gain is $4,40O,0Oo.
 Reports regarding the termination of various speculative stock pools were partly responsible for the selling of stocks yesterday, as well as the day before. No facts came to light yes- terdas. i
 Erie common, Reading and Steel com mon did not take part in the rallies that occasionally gave little encour- agenent during the morning. Southern railway common was also very heavy. All were weakened by the indisposi- tion of the pools to give support.
 The inability of the cliques to get up a ''bull" market at this time disgustel many of them. Furthermore, there seems to have been suspicious that some of them were selling out earlier in the month, while others were putting up prices.
 There is a standing bid of 50 for 50, 900 shares of 1nterborough- Metropolitan common. The stock was hugging the "peG' price all of yesterday.