The daily morning journal and courier., 1906-08-14
STOCK MARKET FEATURES
NOTABLE STRENGTH VAS AP- PARENT ALL DAT.

Despite the Weakness of E. R. IT,
 Southern Pacific and AtchisOn Were
 the Leaders--Over S2,OOO,OOO in GOIt
 Comes from London--GOssip of tht
 Day.
 Despite intense dullness at times yesterday the market was indubitably a strong one.
 Southern Pacific and Atchison were the banner stocks.
 A notable thing in the present mar Ike is the ease with which prices have been advanced and without any fire works.
 The B. R. T. incident gave the mar ket a slight set back, but the market soon ignored 1t.
 ayers that there is no 1-2 per cent. over the year money to be had.
 Within the first hour dozen stocks were higher than they had been on Saturday. The large loss in surplus re- serve was offset by early information that $2,0OO,OO0. to $3,O0O,OO0 gold was be- Ing imported.
 Trading in stocks during the last hour was quieter, and there were some recessions as a result of profit-taking. The outside public did not appear to be participating to any extent. The fear of money. stringency seemed to be a restraining factor. The grangers continued the leaders
 It is probable that from now on New York will get her share of the new gold arriving each week from South Africa. Gold imports from Europe to New York were resumed yesterday by the enga cement in London by the Hanover National bank of $2,000,000, which ar rived on Saturday from South Africa. It was reported that an additional $1,- 0O0,000 had been picked up by the New York interests in London, but there was no confirmation of this yesterday afternoon. British consols reacted somewhat as a result of the beginning of gold exports from England. New York bankers predicted that some fur ther imports of gold would be made from Europe to New York.
 Western railroad officials continue to have more business than they can han dle. It is composed of everything, the volume so diversified that particulariz- ation is unnecessary.
 The Gaynor decision, ordering a five cent fare to Coney Island, with the ri- ots incident to it, caused Brook, Rapid Transit to open abou two points lower. After touching 76 Is rallied to IT. There were large speculative selling orders and stop losses. The decision will be carried to the highest courts. If the five-cent rate Is maintained 1t will be long while before B. R. T. declares dividends. Wall street was busy trying to make out how the com pany's earnings would be affected by a dive-cent fare to Coney Island. Some declared that it would mean from ESQ., OU0 to $100,O00 less a month than now.
 If the directors or executive commit tee of the Union Pacific Railroad com pany fail to make an announcement with respect to the dividend this week, there will be distinct disappointment. 1t is now believed that the announce Qnent will be made not later than Thursday. te=
 If the pool in B. R. T. chooses to hold the stock, when it entraps a sufficient short interest, it can run the price up again If it takes the opposite view, it may let it react half a dozen points. There are few stocks which are subject to more manipulation.
 Interborough Metropolitan rose on the considerable increase in surplus for the June quarter. Ice securities touch ed a new high price at 73, and then re- acted nearly two points. Consolidated Gas was heavy.
 Outside of the grangefs and Brooklyn Rapid Transit there was slight feature to the stock market. The pools made 1o efforts to force prices upward, but they were endeavoring to keep them steady. The word seemed to have been passed along for very gradual rise, df appearances are any criterion.
 The influence of the crop report and of the statement of officials that the double tracking from Chicago to To- peka would not interfere with divi- dends helped Atehison to reach the best price on this movement. The pool is working to get the stock through 95.
 As on Saturday the movement in the market was restricted to the half doz- en stocks In which professional manip- ulation has been most manifest-St, Paul, Amalgamated Copper, Union Pa, cific and a few others.
 The falling off in shipments of the southern staple the past few months has wiped out all of the earlier gain, so that the total exports for several months stand at S17O,623123, compared with s17O, O,946, All for the same period a year ago.
 There was buying in Baltimore & Ohio which was considered good, and some understood to be for foreign movement account. When the process of digestion is through, it was claimed that new stock continued to come on the market-it is thought that B. & O. will take a position as good as, if not better than, that of Pennsylvana. @----- - -=