The daily morning journal and courier., 1907-09-18

'nly a Few Shares Active Money Easier-Exchange
 Against London. The stock market showed consider ble strength yesterday and there was n all around improvement in senti- nent also.
 Operators agree to think that per- aps prices of standard shares were % low for their real value. Business was confined to three or bur shares in each group. Union Pa life, Northern Pacific and Reading, of he railroads. and Amalgarnated Cop CT, Steel, Anaconda and Distillers, of he industrials, supplied the bulk of he trading. Prices advanced on an Ferage between 1 1-2 and 2 points. The technical conditions of the mar et are ripe for a good rise There is also brighter view as to be financial and trade conditions, The conviction is probably gaining Found, not only that the copper mar Ept has nearly found a working basis htween producers and consumers, but aat the lowering of that working level an advantage, It may possibly now } understood what is the larger mean Rg of this forced reduction in copper #ices
 Several sustaining opinions given this Feek by prominent financiers and Elustrials leaders have advanced the orts.
 HMost of the really striking changes the price of stocks, were the ob- bus enough result of repurchases by r orators for the decline. Time money tes continued at their somewhat eas, recent level, and this was to be ex- cted. Without any aggressive gen l movement in either direction, pric- gained ground slowly during the E, and closed as a rule at the best. he significant incident abroad was movement of exchange against ndon, Consols were down nearly l.: mt on the failure of the Bank oi K gland to get Mondays gold at a e when the Egyptian cotton crop, ued at $15O,OOO,0OO has to to be need.
 he statement as to the export of in for the month was the best of period since 1902, and 1t will be llled that last weeks wheat export, quantities alone, showed increase 0 per cent. over August, and a sub htial gain over the sMle week In With values also 25 per cent. we last year, 1t will be seen that September comparisons ought to Pven more striking.
 together, the day marked halt he violent movement of values, ng no very different clue to what follow next.
 Drthern Pacific was again strong : pr. After opening at 13O, it fell to B-4, Monday nights closing figure. .; r that it quickly advanced to 13 pn few transactions, it's strength ing the whole market. The stock taken on the advances, and there he'd to be good market for ii nd 191.
 ere was disposition to wait and what grew out of the Standard Oil ry. Yesterdays examination did pan out much. The general i'm ion is that the investigation will
 fizzle,
 market closed very firm, with of the active stocks selling ] the best prices of the day. This
 notably true of Northern Pacific was well taken at the close
 market was quite active in the fifteen minutes.
 D loss orders were reached in Dis
 Securities whose execution car
 t to 54. On the decline last month
 the stock was picked up by many
 e who knew that the decline did represent a contraction in the
 ng capacity of the concern.
 the late trading there was some
 selling in the standard railroad
 by the pool that sold the mar
 he day before. This selling con.
 OF Union Pacific, and while il
 not be accurately traced, it was
 ed to represent the "Waldort
 ;" who were reported to have
 Bellers on Monday. The market
 lO0d thlS selllng much better thar
 ay. The stock closed near the
 st of the day.
 e of yesterdays buying of North.
 aciflc was by people intimate the management. The rumor ot
 tra dividend persists, and the
 went to 1391-2 at the closing or
 s of 10 per cent. cash distri
 more hopeful feeling was i'm
 by the convertible bond syndi
 which was closed up on Monday :. h the distribution among mem