The daily morning journal and courier., 1906-06-11
STOCK MARKET FEATURES
SATURDAYS LITTLE RECESSION NOT TO QUEER THE BULLS,

A Further Upward Creeping Market Expected This Week-strength in speciulties--sOme Wall Street opin- ions.
 Saturdays stock market was distin- guished for recessions chiefly, but the market has had a very handsome rise since the Frisco disaster, and was en- titled to a setback.
 The general tone of the market is still strong, and the outlook is good for a still further advance this week with out any fireworks.
 The big interests apparently want the market to so up in order to facilitate the marketing of the large bond issues now over the market.
 Some of the Wall street opinions are az follows:
 Dick Bros. & Co.-Reactions like that of Saturday are quite natural in a pro- fessional market like the present. They do not represent really untavorable de- velopments, and are not to be regarded as significant. With underlying condi- tions as favorable as they are now, we think that such reactions should be talk en advantage of as opportunities for purchases of well established stocks.
 Miller & Co.-There Is no change in the underlying conditions. We still be- lieve the market Is a traders market with stock a good purchase on such de- clir1es as of Saturday, and vice versa, a sale on decidedly strong days.
 John G. O'Keeffe, of H. L. Horton & Co.-The market reflected weak bull leadership. It is generally known that the right kind of people were not talk ing part in the bull manipulation. Banking interests have been holding aloof while several big plungers have managed the campaign. For the last day or two the street has unloaed stock on the leaders, and they were not in good shape to take on additional burden.
 Chandler Bros. & Co.-We are rather inclined to think prices ought to show strength again this week, although they may be little lower in the interval.
 T. A. Mcintyre & Co.-We would con- tinue to advise profit taking in stocks or the liquidation of speculative accounts, especially on all the advances, rather than recommend purchases, for the re- cent large buyers and most aggressive manipulators would be the first to he- co1ne frightened and throw over the stocks on the first development of a general selling movement or bad news
 LA. o. Brown & Co.-In the absence of unfavorable news it is probable that the professional element will resume bullish operations tomorrow.
 Rayborg & Maurice-The strength of the grain market Saturday predicates to our mind a somewhat unfavorable government report on Monday, and we ook to see some weakness in the grang- CT roads for the next few days. Under living conditions are excellent, and we do not believe there has been sufficient crop damage to permanently change bullish conditions,
 Carp anter Baggot & Co.-The ad- Iournment of congress shortly or very favorable report from the government on the grain crop may give additional impulse to the market. We balieve op- erations sEould 1t be confined entirely to the bull side. as the swings will be in both directions, but gradually work Ing to j. higher lever as we view it.
 Watson & Co.-The sneet, of course, does nIu look upon the adva-ace in grain prices as a Favorable indication. The market nAn,fests no fear whatsoever on the part of the owners of stocks offerings are low, and prices are much more easily held up than depressed
 Al ,ert Sriegitz. Of Halle & Stieglitz- "The liquidation, which has continued through several days of this week, think Is about over; and we look for higher prices until congress adjourns That is, the market is apt to anticipate the adjournment before it occurs. As for speeia; movements, l think the probability of the passageof a bill mak- ing Port Arthur port Of entry will be beneficial to all the Gulf roads.