The daily morning journal and courier., 1906-04-17
STOCK MARKET FEATURES
FIRMNENS PREVAILED AND 4
 SHOW OF STRENGTH

Prices Based Of in the Last HOur-A.
 c. F. aud Pennsy Were Among the
 Strong stOcksj Also Ice--Heavy Gain
 by Banks.
 Stocks held well yesterday and some stocks were strong, such as Amalga- mated, Pennsylvania, Woolen preferred, Sugar and various specialties.
 Stimulus was given by the gain of $l51SO,O00 which the banks were re- ported to have made from the sub- treasury since Friday. This represent ed, of course, the $12,OOOOOO which was disbursed by the government against suitable collateral deposited for gold in transit from Europe. There was, in ad dition, an engagement of $1,5OO,OOO in London yesterday.
 There was decided easing off in money rates, which ruled yesterday be- low per cent. They are likely to go lower considering the gold now on the way from Europe.
 The speculative point of view regard ing the next dividend on Amalgamated Copper (to be declared Thursday was that the rate would be increased The best Judgment, and that not influenced by market considerations, was that the present rate would hold.
 One of the largest transactions was the purchase of 15,000 Pennsylvania by White & Barton on the rise above 142. The reaction came at 2:15 in the after noon.
 Consolidated Gas managed to show it's usual contrariness in the midst of the general uplift.
 All European markets kept close holi- day yesterday; hence it could not be known how the treasury's action, the new gold engagements or the subse- quent rise in New York exchange were regarded abroad.
 But slight response was made toy Dis tillers Securities to the early Washing ton news that the free alcohol bill was rushed through the house yesterday.
 After sales of 385,0 shares of stocks during the first hour trading gradually quieted down until, during 1z and o'clock, the total was less than 100, 900 shares, making 5s0,OOO for the first three hours. T 2M
 Sugar stock was strong, although the slashing of prices in the trade went on lnerrily and further cuts are promised.
 The trade statement was noteworthy lrt,N ,;var ho Ia,, t- and much largest imports ever reported in the spring,
 The enormous imports in March threw sofne cold water on the theory that lex change is making" on a heavy monthly scAale. These imports were at the rate of S1,350, ,OO0O00 per annum.
 fButteriek stock, which has long been idale, suddenly dropped 12h points on sales of 1,60O shares. Some thought the results of the printers strike would af- fleet the amount of the dividend, and }that perhaps this might be accounted for the selling of the stock. This was pure conjecture.
 There is one strong party in the stock market holding the opinion that easier money will allow of two or three weeks of advance in stocks, but that then depression will appear again.
 Allis Chalmers, United Lead Reduc- tioh, Railway Steel Spring. Pressed Steel Car, Distilling, Corn Products, American Locomotive and American Car and Foundry shares were stocks which received a great deal of stimulus from cliques.
 Improvement all along the line was witnessed in the United States Steel stocks. The common was advanced above A soon after the opening The preferred sold at 1O9& and the bonds went to par.
 At the annual meeting of the stock holders of the United States Steel cor poration, held at Hoboken yesterday, the following directors whose terms ex- pired, were reelected: William Eden born, Henry c. Prick, William H. Moore Norman B. Ream, James H. Reed, Charles Steele, Peter A. B. Wid- ener and Robert Winsor.
 The stockholders also ratified the election of George F. Baker and Mar win Hughitt as directors of the first class for three years. Ebert H. Gary, chairman of the board of directors, and Richard Trimble, secretary of the cor boration. were the only officers pres ent They held proxies for 55 5-9 per cent. of the stock of the corporation, representing 2,164,2S6 shares of prefer red and 26S2,27S shares of common stock Three individual shareholders were present. They were W. B. Driver, owner of ten shares; H. Lussen, having 200 shares, and c. Larachle, twenty shares.
 A resolution was adopted approving all acts of the directors during the past year.
 Spencer Trask & Co.,, investment bankers, New York city, has issued a new edition of their transcontinental map. The various railroads of the Unit ed States and Canada are indicated by different colors and characters, show ing at glance the entire transcon tinental railroad situation. Copies of the map will be distributed gratuitous- ly among institutions and investors. HONOR FOR DR CLARENCE B.