The daily morning journal and courier., 1907-02-13

terday-OpiniOns of Wall Street Men
 as to the Outlook.
 With all of the American markets closed yesterday, the financial inter- ests looked to London for a lead. Inas- much as stocks had gone up here so freely Monday, a very good feeling was created by the IA to 3-4 point addition al gains that occurred abroad. Read ing and Union Pacific were the feat ures.
 Prices on the stock exchange were quietly steady. The settlement occu- pied the chief attention of operators, but recently depressed issues benefited fractionally by the bears covering, while investors inquiring for good yielding stocks helped to steady prices. Americans were moderately active in spite of the holiday in New York. Prices started at over-parity, harden ed during the session and closed steady. The steps taken by Secretary Shaw to relieve the monetary situation created a favorable impression, and the moder- ate carry-over rates, 6 to per cent, assisted in the improvement.
 Mexican Rails and Grand Trunk were active and dearer. Russian and Jap anese bonds were strong. Japanese Imperial 6's of 1904 closed at 102 3-4. Copper shares were buoyant, especially Rio Tinto
 Wall street was deserted yesterday, all the banks and exchanges, Stock, Produce, Cotton and Metal, being clos ed. Yesterday being Mardi Gras in New Orleans. the cotton market there was also closed. Philadelphia, Boston, Chicago and Pittsburg markets all kept the holiday.
 Oponions of brokers are as follows:
 Watson & Co.-We can scarcely ex- pect prolonged rise in security val ues, despite the strong favorable fac tors warranting it and the markets oversold condition, until our adminis- tration endeavors to restore the con- fidence it has so rudely shaken by it's policy of harassing corporate manage ment.
 Grannis 6 Lawrence-Investme buying is becoming quite a factor in the market, and will gradually raise the present low prices of the best stocks.
 J. S. Bache & Co.-Tle advance had more the appearance of quiet ab- sorption of stocks rather than ner- vous covering of shorts.
 Alfred Mestre & Colt does not ap- pear to us likely that the stock market will continue to move upward without interruptions, and therefore we should not advise the purchase of stocks on top of such rallies as occurred yester- day The more conservative course would be to pick them up on reactions, Mt1ich probably will frequently occur, and take profits on the rallies.
 A. o. Brown & Golf nothing unfa- vorable develops by Wednesday morn- ing it appears probable that further hardening in prices will take place.
 Charles Fairchild & Co.-The general feeling among the traders is that if the strength in the coppers keeps up the market will have an upward swing.
 Joc1n G. OKeeffe of H. L. Horton & Co.-Sentiment was more hopeful as the manipulation showed the most powerful faction in speculation to be active in it's specialties. The govern ment bids for bonds was also bullish factor.
 Dick Brothers & Co.-The treasurer S offer to purchase $25, ,O00,000 bonds would be more of a bull point on stocks if the price was somewhat higher so as to at tract bonds which are in the hands of the public.
 Chandler Brothers & Colt looks very much as though the industrials are ito lead in any important market im- provement, as they seem, with such fine trade conditions and by compari- son with the railroad tendency, to put out new securities and borrow money, to be a more reasonable bullish propo- sition.
 A Chicago dispatch last evening says: 'The Chicago Edison company has en- tered the market as a borrower of $5, 900 900 for three years, thus creating the impression among financiers there that the Edson-Subway deal, in which E., H. Hartman figures conspicuously, is off"
 The National Biscuit company's re- port for 1906 shows a gain in profits. At the annual meeting of the company,