The daily morning journal and courier., 1906-03-07

More Cheerful FeeIing--ReviyaI of Bu
 Talk~-SOme of the Strong Stocks
 Export of Gold to Japan--The Goa
 Operators--Rumors and Gossip.
 No further slump in stocks came yes
 terday to disturb the uneasy holders o stocks on margin.
 The stock market after the slump re
 covered in the old-fashioned way.
 The bears tried to lower prices at tht
 start, but soon gave it up.
 From Mondays low point there wer
 such reeoveries as Anaconda 1-l
 Northern Pacific, 1-4, Great Northern
 1-4, Amalgamated 5-S, St. Paul 8
 Reading 1, Union Pacific 3-S and SC on.
 During the late afternoon renewed
 agitation as to srtike in the anhtra. cite coal regions and the transfer ot
 $2,OO0,0O0 to San Francisco dampeneC
 the bull ardor somewhat and a gen. eral reaction ensued.
 National Lead was strong stock which rose morethan points Monday against the downward tide, and made still further progress to-day. It was suspected that some news bearing on the lead merger is responsible for the rise in the latter stock.
 A prime factor in the markets future the crops, has still to receive the gov ernment wise, although private advices and the action of the grain markets are indicative of no serious setback to them because of the mild weather.
 The treasury department has notified New York banks that about $3 0O0 ,0OO of the $1O, 000,000 set aside last week for deposit in the banks of the East and West will be placed in New York de- positories without delay. The banks are already arranging to deposit the necessary collateral for the extra de- posit.
 The meeting of the anthracite oper- ators' committee again brought home the fact that the coal labor situation remains unsettled.
 Rumors of trouble between large irl- terests over the insurance situation ceased to agitate the stock exchange yesterday, and 1t was popular belief that they had been greatly exaggerated -perhaps to induce liquidation in stocks wt}d
 On heavy short covering there was a rapid rally toward the close of the first hour, with further advances later, aft CT an intervening spell of irregularity
 As indicating the change in sentf- ment yesterday there was a recurrence of the usual bull points on certain stocks,
 Houses with London connections are lookingfor some trouble at to-day's set- clement for mines. The losses in Kaf- frs have been enormous. Pending the settlement business for London account was small yesterday.
 The rumors that several large conn mission houses are in trouble are not credited at all. Attention is called to the fact that the commission houses on the average have reduced their loans during the last few weeks anl the way from one-third to one-half.
 The advances in American Woolen shares reflected the showing of the ar nual report of $t7SS,S27 increase in net earnings and $9,027,533 increase in net sales.
 Two important connections with big manufacturing plants have been secur- ed by the Wabash railroad in Pitts burg through a deal by which the com- pany has secured the ownership of two charters for small lines of railroads.
 The transfer of $2OOO,OGO gold to San Francisco, probably for Japan, was an influence in the afternoon reaction from the best.
 The transaction was believed to be for the account of Japan, and repre- sented the preliminary movement of gold from New York to Japan by way of San Francisco. Besides this there have also been certain shipments of gold overland to San Francisco on &C., count of the same movement Japan's balances are now placed at between ! s10, ,O00,0 900 and $15,00O GOO, and it is be- | Iieved portion of this fund will be | shipped before long, | If some rumors have in them the of truth claimed, the Gates has been loading up with 1 tnSdp SIOChSt UOuSHL on LIe Qecllne, ! with the intention of launching a re- ;pectable bull campaign in the near fl | .ure. Steel common is spoken of as laving been a favorite issue.
 The departure of E. H. Hartman for Palm Beach excited comment Few Union Pacific directors are now here '1hs sentiment among the profession l element is still bearish, but conserva- i've interests believe that the bottom las been about reached. It Is expected, if course, that certain stocks which lave been the subject of special at- acks may go somewhat lower.
 Consolidated Gas sold ur close to 159 afternoon on short covering. t was 152 last week, but it advanced Monday in the face of sharp declines Elsewhere.
 The stockholders of the Pittsburg nd Jerome Copper company yesterday 'oted to increase the capital stock of he company from st,5OO,0OO to $3,0O0, 0OO Host of the stock of the company is Ield in this city, and the meeting was argely attended.
 IN Ton, Iz-r-