The daily morning journal and courier., 1907-05-30

Another beneficial factor was the Improvement in weather conditions in the west and throughout Europe, Do- mestic grain markets opened lower in line with those abroad, but they after ward advanced.
 It was reported in good quarters, to- wards the close, that the days re- covery in prices was due to the fact that forced liquidation by a very we'll know capitalist of speculative tastes, who has met with misfortunes in the market of the past few months, had been completed
 Gold exports amounting to $2,000,000 were announced They go to Paris to increase the gold reserve of the Bank of France, to which London and New York are now contributing an equal Share. The engagements were made some days ago, when there was pro- fit in exchange.
 Consolidated Gas, which rose 8 1-2 points Tuesday, in the face of the suits against the company, opened 3-4 up. at 116 3-4, and ran up to 11S 1-2. This may have been ruse to try to in- duce shorts to cover. There is a good demand for this stock in the loan crowd.
 By the end of business yesterday it was bruited about that nearly every one in the street had some sort of notion of what President Roosevelt would say in Indianapolis to-day. Di- gests of the speech were said to be favorable and not calculated to disturb the market.
 During the first part of the day im- proved weather conditions in the grain belt-particularly in Kansas and Ne braska-were the principal influencing factor in the stock market.
 Arbitrage houses were more inclined to buy as the level to which prices had fallen offered some tempting bar gains. Berlin also took stocks for the first time in a week. The demand was for the copper shares, Steel, Union Pacific, Baltimore and Ohio and Can adian Pacific. About 15,OOO shares were taken on balance.
 Lawson was heard from again yes- terday in an interview published in the New York Herald. He has reached Paris on his automobile trip and was ready to talk. He devoted some atten- tion to Union Pacific and said: "Iow lcng will this 10 per cent. dividend con- tinue-this 10 per cent. holsted in 8 night to buy voters for the downfall of Stuyvesant Fish. Who knows7 I don't But I do know that Union Paci- ffc would be better stock to-day on a 6 per cent. basis. If 1t had paid 6 per cent. it would be selling at 150 It is a great trunk line, such as the coun try needs. The country's demand on it continues greater than it's capacity. The next ten years will see its value doubled. Yes, there is not trunk line in the United States which will not be worth twice as much ten years from now as it is to-day"
 Trading quieted down in the after noon and there was not much business in the last hour, except some evening" up contracts for the holiday. New York will be the only international market closed to-day.
 The Baltimore and Ohio Railroad I company announces that it will aban- don four passenger trains on account of financial loss incident to the two- cent railway fare enforced by the leg islature during the last session. It is reported that other roads out of Cleve- land will follow the example No new outlays for improvements are to be 2 made.
 It is now semi-officially announced that the dividend on Shelters will be raised next Wednesday. It is thought probable that the rate will be per cent
 That stocks are low in comparison with the prices of six months ago is ad- mitted as being perfectly obvious and that most of them are cheap on the