The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1907-07-20

New Quarters.
HILL SHARES STRONG
Suspicious Weakness in
Steels Again-Copper is
Strong-U. P. Earnings.
The stock market yesterday main
aimed it's strength of the past few days
md branched out into new quarters,
moving a broadening tendency.
The shares of the western railroad
companies were fairly buoyant, some
moving up to the highest level Of the
month. The only in the ointment was
he hesitancy Of the Steel stocks.
The movement for the rise encoun-
cred less active resistance than for
ieveral days in the form of positive
GdhUGSb III oily N Olll1lASiAL ptONrN7s
"a there were apparent difficulties in
overcoming the inertia of the general
n list and this drag on the advance Of
= cred a passive resistance which had
discouraging effect on the efforts of
I he bulls at times.
The principal ammunition Of the
lulls consisted of vague intimations of
4 ONE forthcoming favorable develop
lent regarding the Hill railroad stocks.
II ireat Northern preferred, took the pre-
+ edence in the movement from Nor
hern Pacific which was the favorite
Thursdays dealings. The cutting
f d "melon" for Northern Pacific fol-
owing the disposal Of its equity in
burlington to Great Northern was a ru-
= nor still heard, but which was not
UGH a favorite with the speculative
- ontlngent as yesterday. Other North
Eestern railroad stocks shared in the
strength of the Hill group. The rise
4 the Harriman's was more moderate,
Though Union Pacific touched the
ighest price on the present move
nent.
publication of the imposing results
the years operations Of the Union
acific and the Southern Pacific had
favorable effect on holders of the
locks, the surplus after dividends Of
ne two systems mounting to a total
{ upwards of $26,000000. These figures
ad sbeen foreseen and they supplied no
( Incentive to further active advances in
M le stocks.
Substantial help for the rise in pri-
rs was found in the better feeling re-
s hrding the market for copper Rletal,
hich prevailed both here and abroad.
II oreign stock markets had a report Of
h agreement between the Amalgama-
ID Copper and the Rio Tinto inter-
sts on the price to be demanded. The
7 rice of copper in London advanced.
The continued ease of call loans and
le prospects for favorable bank
atement to-day were elements in
rength.
Last weeks imports of dry goods at
ew York were valued at $5,115, 1923,
I. impaired with SUGGESTS the preceding
eek and $1,000 All in the corresponding
eek of last year. Sterling exchange
se here yesterday The activity Of
e market fell to small proportions in
lie latter half of the day and advances
ere only partly retained. A break
81 the local traction stocks due to the
opposed investigation by the public
ilities commission disturbed the later
arket.
Bonds were dull and steady. Tota'
les par value, 1892 900
U. S. reg. advanced IA per cent. or
Il.
The dry goods market holds very
n m. In most branches trade is good
We in mems wear, the demands is
nfined to special fabrics, Dress goods
e strong. Cottons are very firm
tton yarns are quiet. Raw wool II
= local market is quiet but active il
tside markets Jobbers have had {
ry good month thus far.
The Union Pacific gained S8,499, 81
2ss, or II per cent, over 1905-06 ant
240 SS2 net, or 10 per cent. The South
Pacific had a total gross of nearl,
100000, a gain Of 19,2453 26, or Is l.
4 cent The surplus of the Uniol
n ciffc amounts to about $4,000 600, o
title undeA17 per cent, against whic
Der cent is paid in dividends. South
Pacific has a surplus of $13,S64,72;
al to Y per cent. on the common.
Boston the market was quiet bu
h yesterday, and Thursdays declin
toppers was recovered in great meas
Burlington and Quincy joint
re in request, selling up to 81 81
5ton and Worcester. % 5-S; Arizon
nmercial, 26 la Santa Fe, Biz
andot, 8 Ia; New Haven, 1865; Per
rquette preferred, So; Wooden prefer
81,
he straight 8 per cent. dividend o
algamated and the reported sale c
10000 pounds of electrolytic at
K further leeway for the bulls o
algamated.
he rise in Union Pacific above Il
in Southern Pacific across 50 wa
directly to the splendid shown
e in the annual statements. TIL
riman following is undoubtedl
ing those stocks and trying
Ia another broad public market i