The daily morning journal and courier., 1906-02-15
STOCK MARKET FEATURES
LAGGING AND SAGGING MOST OF
 THE TIME.

U. P's Dividend News Out--MOne,
 Higher-BorrOwing from Europe
 Talk of New R, R. DeaIs--Gates an,
 Car Foundry--GOssip
 As was expected by the veterans
 Amalgamated Copper went off yester
 day, the news of the Heinze deal beinl out, and Union Pacific went off on thu news of it's dividend increase.
 It was tagging and sagging marke much of the time.
 With the much-heralded copper wal settlement fact, both of the copper stocks broke sharply.
 F. Augustus Heinze, all of whose cop. per mining properties under litigation with the Amalgamated Copper compa- ny have been sold to Thomas F. Cole acting for new company to be form ed, said yesterday: T am perfectly free to carry on any litigation in the future. The properties taken over by the Cole interests are, however, so To- cated that there can be no new ques- ton of litigation, so far as the proper ties that have been under litigation are concerned All the rights went with the properties, and all the disputes are positively settled. There are now no interlacing properties. All the proper ties that we-that is, the United Copper company-still hold are off to one side, and there is no possibility of a conflict between them~and the properties of the new company. l will be heavily inter- ested in the new company. The Amal- gamated Copper people will also be heavily interested. do not know which will have the greater interest. MT. Cole will however, personally control the new company"
 The fact that Heinze is not out of the lists as an opponent of Amalgamated was used by the bears to knock off the price of the coppers. MT. Heinze can still wage war if he wants to in bring ing ore and mine suits.
 The weakening of the general market at the close was evidently a result of professional selling, encouraged by the poor reception of the copper and Union Pacific announcements.
 The new disturbance yesterday was over the price of money. Both time and call loans were higher.
 Many looked for another strong open ing in Anaconda. and especially in Amalgamated Copper, but the lambs looked queer when the former opened down from 2s3 to 28S, a loss of 65s, and Copper sold as low as 115A.
 . Brokers don't like the idea of paying 5 per cent. for six months money carry ing over a period which, normally, is the easiest of the year.
 Call money has not loaned at per cent. since February l, when that rate was touched at the close of the day.
 Paris Is not only lending llberally to New York, but is also supplying Lon don with a large amount of funds.
 In usually well-informed quarters it was said yesterday that the long inter- est of spectators in Amalgamated Cop- per throughout the country was up to yesterday morning probably 100000 shares.
 Now the talk is again of the Wander oilt deal, Wall street Is again talking hat way. Meanwhile New York Cen ral fell off points yesterday. It sold lbove 153 early in the day.
 Gates is credited with the intention if showing up the price of Car Foundry o 50 in a day or two.
 One house put out a special letter on Union Pacific yesterday predicting S2OO or 1t because of certain developments lnder way. The Union Pacific divi- end is payable April 2.
 Hill is quoted by friends as saving hat he was opposed to paying more han per cent. dividends on any of his roperties. His method has generally cen to give shareholders benefits by he issue of rights, which, in another 'ay, amounts to the same thing as an / increased dividend / An effort was made to revive interest l Southern Railway common after the ecline it suffered from the large bond sue.
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