The daily morning journal and courier., 1907-07-01

The bank position, however, should improve.
 Some Wall Street stock market opin- Ions are as follows:
 Henry Clews: The outlook Is for auiet market until after the Indepen- slsll Ere are many prom, inent absentees, and this contributes to inactivity Should we continue free of unfavorable developments, confi- dence ought to gradually recover. There are also welcome evidences that sthe people and railroad managers are { coming to a better understanding with Teach other. This was evidenced by tPresident Mellen of the New Haven sllne in his arrangement with the state Aof Massachusetts regarding consolida- }tion with the Boston and Maine road Halso, by Chairman Yoakum of the Rock 4sland in his published opinion of the Fattitude of the railroads towards the people. The future depends largely up- son the course of money and the crops; Favorable developments in these quar- Iters being likely to be followed by bet ster prices for securities and vice sversa.
 N Grannis & Lawrence: We favor the continuance of the rise and much high Ter prices for July, and continue to rec lommend. as we have for some weeks past, the purchase of the good active stocks. We do not consider the lack of bids for city bonds as anything bearish &n a permanent way.
 T. A. Mcintyre & Co.,: The money sntarlxet and other underlying conditions 7have been against this bull movement, Knd we have felt that when the nanip- Nlators come to sell out their stocks shere will be practically no one left 4o buy after the shorts have been Alriven in.
 Prince & Whitely; The market in the face of many vexatious questions re- kmains still well in hand of the powers Nhat be and the hope is that @ consid- Berable amount of the July interest and Adivldend money will be put into in- #vestment purchases of securities and T the chances are that their prices will be held for that eventually at least.
 Boody, Mcclellan & Co.,: If "the pow CTS that inAWall street should be in- clined to put their shoulders under the market, 1t is cenceivable that the pres ent is a propltious time for an upward movement in stocks Nothing worthy of much consideration has yet appear ed in evidence of the much discussed business reaction. There are still many unfavorable features in the situation but they have for some time been 50 obvious that their full effect has prcb- ably been felt in Wall street.
 J. s. Bache & Co.,: MT. Vanderlips address last week has helped to make for confidence and the address of MT. Knox at Yale is another like help in the situation. Continuing, the firm says: We are putting in large type a state ment which we have been repeating almost weekly for the last three months, namely: There are many high class securities listed on the New York stock exchange selling below value which, if bought outright now, would yield attractive income while carried and should eventually advance in price materially.
 n. Dick Bros. & Co.,: The strength of the
 arket seems to give promise of a
 inewhat further advance early next
 eek.
 Marshall, spader & Co.,: Sentiment
 d conditions stand improved and the
 dence of the year of unparalleled
 psHerity will shortly be made the
 Sne of discussion, as well as receive
 publicity in statistical reports.
 'ills SSe Go: Finance bills are being
 Q 8eely handled now than in an
 Ee still feel that there is only