The daily morning journal and courier., 1906-12-26
STOCK MARKET FEATURES
SOME CHANGES AFFECTED IN
 PRICES THIS UEEK.

Papers Filed fin Injunction Suit by
 Minnesota Regarding New Issue of
 s0O,OOO,OOO stock-VarlOus Views Re-
 garding the Outlook.
 The stock market will be watched with interest this week by the public.
 The money question will dominate this week. and those who can foresee just how it will act will be the lucky one,.
 An immense sum of dividend money will be released in the next week, and it's return to the money channels ought to have salutary effect.
 But If money eases little there will still be need of putting on the brakes as regards wild hurrah of speculation.
 An Associated Press dispatch from Minneapolis last night says regarding the Minnesota suit vs. the Great North 9cn R, R.:
 1 B. T. Young, attorney general of Min nesota will file tomorrow his papers 1 in an Injunction suit on the part of the state, seeking to prevent the ad- ] dittonal issue if $6O,0O0,0O0 in stock by 1 the Great Northern railway. The Great Northern is a Minnesota corporation, and under the state law is required to | secure the consent of the state railway and Warehous commission before issu- ing new stock or other securities This has not been done, though stockholders have been notified by official circular that they may buy the new stock at pa:.
 Business conditions are so splendid that owners of stocks are not worried much as to the dividends being earned, and that the cry that we are too pros porous creates no alarm.
 Some experts we'll hold that tn prices of many railroad stocks are not high, now that many have had such a big drop, as for instance New York Central, which Was 1GS not many months ago, and is now about 12S M. | 0, P, 92, with dividend on against 100 few months ago, and Union Pacific 179 against 195 recently, and so on, The copper metal situation was never so fine as now.
 Some of the Wall street opinions are as follows:
 E, F. Hutton e GOA big dividend on Reading now would have brought | out a storm of abuse against the coal | interests here. Hence it will be found | that the Reading company will go on creating more value and wealth until sentiment towards capital and corpora | tionS generally has subsided ,
 Alfred Mester & Co.,. We would ad- wise a conservative policy as to new commitments, bue believe that on fur ther recessions stocks can be safely bought.
 Watson & Co.,: It Is intimated in cer- tain usually well-informed quarters that an international monetary policy | of far-reaching importance has been agreed to that will go long way to- ward remed.'ing the existing irregular ities in monetary affairs.
 Edward Sweet & Co.,. It is only req sonable to believe that money strin- gency will prevail as long as our n- dustrial and manufacturing prosperity continues at the present unprecedented pace. As we have pointed out many times, there is demand for money for manufacturing purposes, not only in this country but in every other country of the civilized world, and un- less this activity quiets down it is to be feared that we shall see even high i CT rates for money than now prvails.
 A, o. Brown & Co.,: After the rea{v January disbursements have been made | there will be a great deal of money looking for reinvestment, ana 1t is prob able that there will be very heavy . advance in values.
 John G. Keeffe, of H. L. Horton & Co.,: Liquidation now appears to be confined to @ narrower line of stocks. A bull movement at this time would result in making money more stringent. hence bulls ought to be contented with a steady range of prices until money becomes easier through natural chan nels.
 Marshall, spader & Co.,: Apart from the possibility of some weak spots in the market there is nothing to suggest further serious break.
 Bartlet Frazier & Darlington; Let it be understood that we profess to see nothing in the situation of imminent danger, but the reason that no danger is imminent is because steps have been taken to neutralize the bad effects or certain other existing conditions.
 J. s, Bache & Co.,. The strain under which the money market has been la- boring for four months is unnatural be- cause produced by unnatural causes and abnormal monetary arrangements. When the system recovers from this. conditions should again become normal [ and values, due to large earnings and continued prosperity, should show in quotations. [