The daily morning journal and courier., 1907-01-31
STOCK MARKET FEATURES
ANOTHER DAT OF DRooPING PRICES AND TIRED KEELING.

Most Serious Break of the Season.
 Heavy Selling Movement - Market
 Has Appearance to Some of Being
 OversOld, But Shorts Cover Easily
 New Low Records-some Market
 Opinions.
 The stock market had another bad bread yesterday.
 The break was the most formidable of the last two months.
 In the forenoon. the market acted as If about ito recover in view of the fine statement by United States Steel com pany, the better feeling in London, etc, but heavy felling appeared again knocking the spots out of the feeble bullish movement.
 The declines were to many utterly unreasoning, and stocks of establish ed value suffered equally with the un- certainties of the speciality class Tn this respect the market furnished an- other vivid reminded of the dark days o4 midsummer, l9O3
 The lack of strong buying by the public helped the bears.
 The sharp break started in at about p. m. and the following stocks made new bottoms: Shelters, Atchison, Bal timore and Ohio, Brooklyn Rapid Transit, Chesapeake, Northwest, and Erie common, Erie second preferred, Louisville, Air Brake, New York Central, Pennsylvania, Reading, Union Pacific, Southern Pacific, and Steel. Sales at 3 o'clock were S5O,19S shares.
 The disposition is already showing to look for hardening of the money market next month.
 MT. Keene's friends deny chat it is MT. Keene, and say that the bear who has been So busy must be looked for in another quarter.
 Quite number of important houses which have been 0doing nothing in the market lately" as it is put, appeared as buyers of stock yesterday The aug rry was held to be favorable by bull ish interests.
 Atchison was one of the weak feat Eres of the afternoon trading. The in- crease of $9S, 1000 more bonds was net a bullish factor
 some stock market opinions are as follows:
 Dick Bros. & Co., "The market seems to us to show an over-sold con dition in many stocks. The removal of the pressure of liquidation should mean a quick and extensive rally'
 T. "A. Mcintyre & Co.,: "The situation and outlook of the general market is still very uncertain. Covering of shorts has been furnishing the princi- pal support for the past three or four days, and the gradual elimination of this heavy short interest was felt this afternoon when support was entirely lacking to check the spread of the heavy liquidation.
 B. & c. Randolph; "The liquidation has come from all directions, and is attributed to the growing feeling of distrust and fear of the administra- tion' attitude toward corporate inter- ests. Large holders of stocks have been sellers, and undoubtedly the enormous borrowing demand repre- sents largely stocks borrowed for de- livery against long stocks sold.
 Pince & Whitely: Unless something is radically wrong somewhere in f. nancial circles we cannot help believ- ing a good rally may be looked for and conservative purchases on scale down from this level should prove profitable. We do not expect any per- manent advance however, at present and still incline to sales on bulges.
 Topeka, Kan, Jan 3O.-By almost uranimous consent the stockholders of the Atchison, Topeka and Santa Fe railway here to-day voted in favor of
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