The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1907-01-07
STOCK MARKET FEATURES
CONTINUATION OF BULLISH
TALK.

Better Feeling Observation-Disclosures Money
and Better OutIook--A Fierce Bull
Market Would Upset Things How
ever.
That the stock market has given up
its "tired feeling" temporarily was
again evident Saturday.
The bullish feeling was apparent
even thought the bank statement was
a little chilling.
The big chang Elm the money market
is what underlied the changed feeling
in Wall street.
This includes not only rates at New
York but at every other financial cen
ter in the world. From an per
cent. basis there has been drop in
New York to per cent, while dis
counts have dropped abroad from s
and per cent. to 5 per cent. This is a
radical REIMBURSEMENT.
An extended bull market, however,
would very quickly put an end to easy
money rates
The developments in the y. F. inves-
tigation show that big railroad COM
panies can, when disposed dump their
holdings of other railroad stock on the
qnarket--can, at any time, sell out
their stock holdings. Thus the small
holders may find the market taken
from under him.
The market took the purchase of
500. 900, 900 worth of outside railroad
stocks by the Union Pacific system
bullishly. 1t was argued that the com-
pany had made good investments on
which it would realize profits as great
as in the case Of Great Northern and
Northern Pacific. The moral influence
Of directors selling their personal
stock to the company did not enter
into consideration.
Most Of this weeks Wall street opin-
ions as to the market outlook are
quite bullish:
II. K. Burras Of Fl. X. Burras & Co.:
tThe year 1907 opens with great prom
Use of activity in the stock market
stocks are at low level; that is they
have not responded to the great rail
road and industrial progress accom-
plished during 1906
ogden D. Budd & Co.: But as nc
real signs Of liquidation are in evil
dence, it is, quite possible that large
interests have been quietly accumulat-
ing stocks in anticipation OF a mid
winter rise in prices"
Alfred Mastre, Of Alfred Mestre &
Co: 'eWe are of the opinion that the
monetary situation will improve ma
teria1lv before the end Of the month
and in the mean time the stock mark
Of Is likely to partially at least dis
count the prospective easier money
conditions Consequently it w7ult
seem a. wise policy to buy good stocks
on whatever moderate setbacks occur
Rudolph Schalk, Of Wagner, Schall
q Go: II believe that within the mex
three months we will see great activ
inv in all lines of commercial business
There is no question that orosperit!
will be reflected in the stock market
The money market seems to be sloWl!
Fighting itself"
Charles w. Miller, of Miller, Adams
r. Co: "It was significant tina
strength developed not only on tn
stock exchange but on the curb mark
ct. and not only in New York but il
london. It is apparent that this in
crease in confidence is due to
stronger feeling that money rates will
be perceptibly easier within the mex
few weeks and that the pressure OF
credit abroad will greatly relax"
Carpenter, Baggot & Co.. oval
street has given q hearty farewell t
1905. The month of January enter
with the traditional rise before it. Las
year the top prices of the month wer
seen about the 23d. Those who like tt
1Cnntinued on Eiphth Pagel