The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1906-06-05
The rlarkets.
wsskLY rINAnoIAL NEMsw.

New York. June s.-The week sener-
ally has been very duh The holidays
that Of Decoration Day just passed. and
whitsunude in England. had ten
dency to restrict business somewhat.
Prices on the whole however. have
been frm. with activities IN specs
iaities only. The low priced industrials
that did not participate in the general
advance fsbm the low points OF the
slump caused by the Frisco earthquake,
are engaging theaitention Of speculative
ciiques as well as the tradieg public,
The buying in these Issues is influenced
by the continued good reports Of trade
conditions. The business outlook Is in
deed very flattering Commercial at-
tivity is on an extending scale. and these
facts are finding expression in advances
Of industrial securities. Leaders Of the
market were quiet. and manipulative ac-
tivlty was reduced 70 minimum.
some very satisfactory statements OF
earnings OF railroads were published
this week. the most flatrering being that
Of the Erie For the quarter ending
March Sist Erie surplus after charges
amounting to s137,94O. aga s'st a deficit
last year Of sl.420. 900. and the surplus
for a period Of nine months shows an
increase Of $t7i0,o00. The remarkable
increase in this roads earnings calls at
tention TO thepriees at which the Erie
issues are selling today. Under the cir
cumstances we would not hesitate in
recommending the purchase Of Eries for
Investment.
The Reading statement. lon thecon-
trary was not good. In ten months the
surplus decreased about a million doll
lars and April net decreased over eight
hundred thousand dollars. Notwith-
standing this statement. the manipula-
tion in Reading on thepart OF the bull
clique has been again fragrant. The re-
cent rise / livestock. far beyond the pre-
vious high point as compared with the
level attained by the general list. In
stead OF attracting an outside following,
has done the opposite. The continue
activity and leadership is exerting an ua-
favrable impression. and II continued is
liable to iniure rather than further a
bull movement in the general list In
the last few days there was a notice.
ADlt 4nlElAHH nNW4A VI AAeAAAAftAeNN+NAA -
the stock.
In TIE bun compaign last fall. when
ever Reading became unduly active and
advanced sharply themarket refused 70
follow such leadership and the general
list reacted Immediately
Anialgamated has been very dun and
has displayed heavy tendency con-
trary to the firm tone OF the genera
I 3 fl,nt
to have been on theside OF making the
stock quiet, with no Idea OF attracting
attention by spectacular moves. The
annual meeting will occur early neNi
week. and at that time It is expected
that statement win be forthcoming
\ 1t is-saia this statement win be the us
ual Standard oil enigma. which will ex-
plain nothing that a stockholder should
know. The fact however. cannot be
denied that the earnings Of the subsid-
| larry companies have been enormous, as
shown by the reports OF the Anaconda
company. It has been hinted at thai
| the Amalgamated Copper Co. In theil
statement would show a little more thar
the dividend earned. il must not b'
| forgotten that Amalgamated is holdinl
company. and the result Of operations
Of subsidiary companies can only be In.
eluded IN the Amalgamated report by
the declaration OF various dividends II
the said subsidiary companies, The
stockholder has to look to these various
reports for a true state of affairs on ths
Amalgamated books.
This country is passing through az
era Of investigation. Public opinion il
being reused at the gross Irregularities
indulged in by many corporate institu'
tions. Congress. rejecting public opin.
ion, is institutine Investigations OF cor
porate or public trusts. The exposure
Of the packing house Industry Is certainly
appalling. and it is TO be sincerely hopeS
that congress win take some action t
protect the health OF the American peo'
pie.
The crop situation continues excel
lent. Reports are extremely satisfac
tory The future Of thepresent marke
seems to rest entirely upon the outcom'
Of the crops Bankers look for wha
they call Comfortable" money mar
ket. at least during the summer an'
early fan. The solid conditions In TIL
iron and steel trade and the prospect q
long continued prosperlt Throughout
the country have produced firm un
dertone in all Investments. and II I
this which shows above the tapping u
aud down Of stock exchange quotations
even In the present dull market.
New York. June 4.--Prior to the pub
lication Of the government report th