The daily morning journal and courier., 1906-08-27
STOCK MARKET FEATURES
ANOTHER DAY OF PERSISTENT
 BULLISHNESS.

And Another Bull Week Expected Prospcrtty Everywhere --- More In- k crease of Dividends and More Gold to k Come--Opinions in Wall Street--New Haven Roads Big Earnings-Pros-
 perity of Bingham-New Haven Com
 pany.
 Saturdays bullishness, despite the bank statement, which, however, was better than expected, gave the bears another bad hour.
 More bullishness Is on the cards for this week, and probably some of the low-priced stocks will be moved up in price.
 More gold imports are expected to help the still rising tide of bullishness, , and also help to tide over the strln- gency in the mony market. The bull market of 190O-O1 occurred at a time when bank deposits should have been much higher, and bank loans lower relatively, than they are at the begin ming of a crOp-moving period. Het, from November, 19OO to March, l9Ol' there was an expansion in loans ot nearly S1S5, ,OO0O0O. This was the con tribution of the banks to the credit of i the market,
 The talk of higher dividends where they can be paid is not idle gossip. It is inspired by the very men who are responsible for the policy of companies ''booked' to enjoy greater advantages 1 Higher dividends are a necessity at the | present time for the maipulators. The public is turning from real es- tate, which has absorbed the bulk of the capital which usually comes to Wall street, and may again be a factor in the market. Certainly stock eX- change houses have, within ten days multiplied the number of their ac- counts with new customers. United States Steel common went down instead of up when 1t was placed on a 2 per cent basis. It Is only the prospect of a 4 per cent. rate later on | that booms it.
 But the larger dividends on stocks will be a strain on the companies when duller times come,
 Some of the Wall street opinions are as follows;
 F. J. Lisnan, of F, J, Lisman & Co.,. who has just returned from Flu rope. says: Undoubtedly good deal of money has been made recently by the rise in Union Pacific and Southern Pacific stocks, as they have been rath- CT favorites with foreign operators.
 My impression is that there has been
 a large profit taking for foreign ac'
 count in these stocks.
 William R. Cross of Redmond & O..
 We feel that the prices of investment
 securities are at present very attract
 i've.
 Richard sutro, of sutro Brothers & Co: As long as the present conditions
 exist in this country there is really nc reason why we should not have a , strong stock market barring accidents
 Charles G. Smith, of Charles G. Gates
 & CO.,: Prevailing conditions through out the country are magnificent WILT : these conditions we can see but on ] side of the market, barring, of course money conditions. We do not, however : expect Q runaway market, and are l quite in favor of taking profits on tn
 extremely high prices with the vieV
 of buying back on good reactions Sidney w. Curtis of Curtis & Ro' maine. With monetary relief, either from gold imports of from the treas
 urv there is room for a further bul
 campaign.
 John e. O'Keeffe. of H. L. Horton $
 Co.,: Heavy proft-takng continues : lut all-offerings are well absorbed anC
 prices remain firm. The market doe
 not act as if the advance had culmin
 ated.
 l I. S. Bache X Co.,: Although tn 7 market looks rather tired at the mo t ment. an increase in activity is notice = able every time the market advance: l which seems to us to indicate highe :. prices later on.
 5 Prince X Whitely: The public show ) l more inclination to become intereste y in meritorious properties, and the mar f ket is getting broader, with sentimer ! optimistic. The future certainly prom
 ises well for prosperity in every di
 rection, and on the whole present ia
 vorable conditions were scarcely equa
 led.
 V A Boston dispatch says that severa
 shares of the National Steel and Vii q company had been sold for $25 pt y share, which is drop of $20 over tn e | previous sale. The stock which is f per cent. one, has par value c a $10O It has two dividends amountin - to a total of ? 1-2 per cent. declared O i. it, but no date set for payment e From advance information of tn
 coming annual report of the New H.
 ven road it is learned that the compa
 nv will show the payment of the reg S ular 8 per cent, dividend on the SS9 e 377. .00O of capital stock, and a surplu " account of some $5,O0O,000 more. It u also ascertained that the company req lv earned 14 per cent. upon the capitt ,+ stock during the past fiscal year. ~ took about $6,6OO,0OO for dividend r
 duirements this year, which is u ~ largest sum ever credited to that at ~ count. The various refunding plans
 the bond issues brought the capit' ll stock up to a higher figure than evt y before, but the dividend requiremel
 was more than met.
 People in New Haven and vicini N are interested in a dividend declare