The daily morning journal and courier., 1906-01-08
STOCK MARKET FEATURES
BULLS CONFIDENT AND MARX
 ING UP PRICES,

Money Working Easier and Higher
 Prices Expected This Week--Many
 Stock Market OpiniOns-Delaware &
 Hudson.
 The bulls are very confident, and Saturday picked prices up as if they saw easy money right in sight. To- day will be test day as to money probably.
 Some of the Wall street opinions are briefly as follows:
 Carpenter, Baggot & Co.,; The mar ket is now on; if prices can be held against present conditions it is quite possible that the rampant bull market, which has been entirely too generally proclaimed and believed, may be seen. On the other hand prolonged bear market does not seem at all probable with basic conditions so good, and stocks so strongly held, but break of some consequence is always possible. Fluctuations will probably be wide and sales on strength and purchases on weakness will probably produce good results.
 Marshall, Spader & Co.,: It does not appear that serious concern regarding the money situation is justified.
 Raborg & Manice The market, though cratic during the last few days, has had strong undertone, showing conclusively that stocks are still in strong hands. In view of such conditions, we believe, all good stocks should be taken whenever weak and held for handsome profits.
 T. A. Mcintyre: It is phenominal and unprecedented market Prospect i've gold exports and the possibility of crop scares developing on winter wheat are now the two factors to anticipate.
 J. s. Bache & Co.,: The general list closed strong on the fall in money rates. We look for further improve ment for the next few days, but prices will depend largely on the money mar ket.
 Bartlett, Frazier & Darlington: The continued strength of the market shows very clearly that we may expect very much higher prices for stocks, and we are distinctly bullish on the ultimate outcome.
 A. 0. Brown & Co.,: The relaxation of the tension in money should inspire not yet believed to be sufficient to war rant the immediate resumption of ex- tensive bullish operations The trend of prices appear to be upward, how ever.
 J. G. O'Keeffe, of H. L. Horton: The market acts very encouragingly from a bullish standpoint: as call money rates decline stocks advance. The time is now near when the dealers will make public the deals and plans and reasons for so consistently Ibulling the market in the face of adverse condi- tions. We believe they will be able to present a strong case, and that the market will witness very heavy trading and higher prices before the movement culmintes.
 H. K. Burras, of H. K. Burras & Co.,: Under present conditions, with the great prosperity existing throughout the country, l can see no reason for any decided break in the stock mar ket.
 NJ Andrew V. Stout of Dominick & Dominick; "The note of warning Runded by MT. Vanderlip and by MT. hhiff seems to exactly hit the nail on lse head, and should be needed by all careful traders in stocks.
 John W. Gates: q think all that is nqaded now is cheap money. The only danger is that the speculation will be- come too wild. Nearly every one is bull all over the United States. Every one wants to. buy something, whether it is commodities or stocks. The stocks are wanted whether good or bad. I fear the bad ones will go up too high before the wave of speculation is over. ] am a great bull on stocks, and I be- lieve they will sell as high as I think they are worth and ten to twenty points higher
 E. F. Hutton of E. F. Hutton & Co.
 oks for strong and advancing mar
 It, followed by an extensive distribu-
 In of stocks and with higher prices
 yain on the spring.
 Gross earnings on the Pennsylvania evision of the Delaware & Hudson, be- ween Wilkesbarre and Scranton have now reached g. total of S30,00O a mile, representing a density of traffic about as great as that of the Pennsylvania Railroad company, This means that in the last three years the Delaware &. Hudsons business over this division has almost quadrupled, and with ade- quate equipment supplied, it is said the company's merchandise traffic will exceed the Lackawanna..