The evening world., 1906-05-14

MONDAY. May a.
Tserc was great enthusiasm In the
Copper crowd to-day AmnlEaranted
and Anaconda were the features ct the
opening. and tho entire market de-
velopei strength under their leader
snip. Amalgamated crossed l9 within
the first ten minutes. and soon there
after the quotation reached 10. In tho
mean time Anaconda advanced 8 ia 10
275. Foverisl excitement prevailed
around the Copper post. where half tie
brokers' on the hoor were massed for
a while. Several big operators appeared
TO be handling ~Amalgamatcl 10 the eN-
| clusion Of everything else. John w
Gates and his friends. who sold on sat
urday. were buyers to-day.
Shrewd Old brokers who take pride in
.heir ability to size w the market
evolved ;ae theory that Rogers. Gates
and others bought enormous quantities
OF Amalsamated and Anaconda on last
weeks break and are now bracing the
market up IN order 10 get good profits.
An impression spread among the room
traders about noon that considerable
Amalgafnated had come out from 'fha
inside" one effective bull point on the
Copper stocks was the sharp advance in
the price % the metal in the London
markets. Expectation. even in con-
serIative quarters. Is bulllsa for the
Copper stocks. Thee may he one or
two react ions. Il is admitted, but in
tho near future higher prices are locked
FOR n A~malgamatel. Anaconda and
other Copper shares. An Incidental fea-
lure OF the stir In Copper stocks to-day
was the decline OF about Z IL per g
IN the price OF shares of the Parrot
Silver and Copper Company This is
one o; the subsidiary companies OF the
Amalgarnaied. and its stock is dealt in
only on the Boston Stock Exchange.
TIE sharp decline in the price followed
the official announcement hat the quar-
terly dividend had been reduced from
70 cents to - cents per share.
Accumulation Of the Hll stocks
Great Northern and Northern Pacific
continues In moderate quantities and ~
high prices. James J. Hi personally
~corroborates the report nat he intends
to build a new line into Northwestern
Canada. rhis road will parallel the Ca
nndian Pacific and the Canadian North
ern. and It's terminal WIN os IN the heart
81 the city OF Winnipeg. TIE last
named point is TO be reached next fall.
and the main line Will be completed
IN about 1--WE years. the entire cost be-
ing not far from S0.O00.Oo0,
The boomers OF Brooklyn Rapid
Transit joyfully put out the statement
that yesterday was the biggest day in
travel and receipts In the history OF
This company. According 20 this state
ment, w1aics. was ~semi-oticial. the lines
OF this system carried 10000 passen-
gers. FOR wh.ch they received $500
N fares. THESE figures seem TO !ndi-
cate that there were a great many half
fares. Speculation in Il. X. I. stock.
while not active as compared with the
coppers, showed a stimulated Interest.
plere Wa fairly steady buying
around 81.
In casting about for an explanation
OF the present weakness or the bond
market investment buyers nave FOUND
that the bonds OF the gas companies
have suffered perhaps more than the
bonds OF any other corporations. Com
pairing the prices Of to-lay with the
average prices OF last November. Con-
solidated Gas IS have Deprecated Is
points. Brooklyn Union and Gas list
5s nearly 5 points. Peoples Gas LIST 6s
nearly : points and New York Gas,
Light. Heat and Power IS abou, )
points. The elghty-cent gas iegisia-
ton IS the bugbear that has knocked
the price Of Consolidated Gas bonds
down. Within the period mentioned
Ponds OF several OF the Industrial cor
porations have advanced from one TO
nour points
An important addition to the ioca
supply or gold was made by tho CON
s!gnments brought by the European
steamships that arrived Saturday and
yesterday. The total mount was
siO.S50.Oo0 Of which ;6.35O.oo was from
London and $4,000 from Paris. These
lmportarons were divided between four
banking Institutions.
Notwithstanding the chilling moisture
the curb brokers made a lively market
to-day Trading il the minor copper
sto,ks was on an unusually large scale.
IN keeping with the big movement In
Copper shares on the Stock Exchange.
The common stock OF the iNackay
companies also continued to display
animation. advancing nearly a full