New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-06
Closing prices of chief active bonds dealt in.
STOCK MARKET OPERATIONS.
changes. follow:

Stock market values opened at losses IN the
greater number of issues as compared with the
final figures in Saturdays dealings. In the fore-
noon operations the tendency generally was
toward a lower level. but on the decline offer
ings were we'll absorbed. and in the last hour
quotations rallied in most parts OF the list, the
improvement in some shares going far enough
to bring about net gains at the close. Among
the active securities net advances were recorded
by Amalgamated Copper. Canadian Pacific,
Great Northern preferred, Colorado Fuel Mex
lean Central and Peoples Gas. Declines, when
shown at the close were not important, except
IN a few issues. while sentiment IN speculative
circles was bullish over the outlook for to-days
market, particularly in the copper shares. Union
Pacific and of the low priced securities.
Union Pacific, after declining 1884. ended the
day at lob. unchanged from Saturdays last
quotations The report that the Union Pacific
Company had secured control OF the Illinois
Central found many believers in the Street. al
though certain interests identified with the Illi-
nois Central announced that there truth
in the rumor. The acquisition of the Illinois
Central by the Union Pacific would increase the
power of the Union Pacific Company as a factor
in the Western railroad situation. but the stock
of the Union Pacific Company already is val
liable that it would not necessarily be affected
IN its market price by development OF this
character. According. however. to the opinion
OF the best informed In the Street. this Sc
curlty Will move TO a materially higher level in
the course of the year, and it is expected that
the directors OF the company will meet this
week and place the issue on a 6 per cent diyi-
dend basis
Inc local bank reserves again being de-
pleted through increasing loans. heavy pay
ments to the government and falling off In
the receipts from the interior. 1t therefore is
ilSalV hat
10 materially higher level In the course of the
next two months although II is not considered
likely that there will be acute disturbance in
the money market. Notwithstanding the proba-
bility Of exports of gold 70 Europe Conditions
III the foreign markets encourage the belief
that the United States will be called upon
to send moderate amount of the yellow metal
TO Europe but the fact that the supply of
money in this country is larger than ever before
recorded naturally creates confidence in the ont
look for stability in the financial situation,
while II encourages the idea that there will be-
an ample supply of funds for all requirements
even though borrowers may be compelled 10
pay DETER rates than those now prevailing.
Ihere was no important change in the foreign
exchange situation yesterday. and it was not
thought likely that there would be active move
ment In this department of money for the newt
Few weeks. Rates are near the gold exporting
outward movement of the metal begins The
supply Of bills on account OF grain exports is |
increasing. Exports Of corn last week vera
heavier than in any week I'm the history OF the |
country, but the demand for remittance was
large enough to absorb all current offerings
Railroad earnings being received for the /
first week in January show heavy gains as
compared with the same week year ago. espe-
claily IN the case of the roads in the Southwest
ana the Canadian Pacific. Canadian Pacific for /
the Fourth week in January earned $3.50 600 mora !
tnan In the corresponding period of 1907 max
lhs LOT the month an increase of 81. 1853 600 and +
from July 1 an Increase of S53S2 600 Condt /
tions in the territory covered bv the Canoa,ao |
Pacihc have been unusually Favorable i'm tho lost /
SIX months, and according to advices recei,,ad |
from different points I'm the Canadian Moth !
west traffic viii continue to be extreuaIv haa,,
IN the balance of the current calendar year. In |
the Southwest marked improvement is report.d |
by the Missouri Pacific and Missouri Kansas
ana Texas. the latter road showing a gain for /
the last week in January of $172676 making l
Tor the month gain OF S23I.OI4 large
amount or Missouri. Kansas and Texas stock
mas neen accumulated recently by powerful |
Dahklns interests. and holders OF the preferrsd |
are now looking forward to dividend ON ar
count or the improved financial condition of the
property The December report OF the Union
FaclIc' which was received yesterday. shows
an increase In gross of $500 952 and an ,,cr.a..
In net OF S177.518. while Southern Pacinc ror