The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1907-07-31

ME LOANS HIGHER
cline on Bearer Money
fort to Hold Gold-Steel
Dividend the Same.
be stock market met with support
|erday which presented further
BUS break in prices. After opening
bn uncertain manner prices of the
We stocks yielded a little but later
and the market closed at or near
highest of the day.
|verything centered on the money
|Btion. Rates were high, coincident
\ an advance in sterling exchange,
new high level for the month.
|oney continues scarce for borrow
and loans on industrials, which
|e been rather in favor this summer,
+ advanced yesterday to IL per
for six months. Only a small
bly, of 6 per cent. money for Janu-
maturity is in sight. Under these
4lmstances the bull campaign did
have healthy look when bankers
Aan yesterday morning to figure on
exports to Paris for tomorrow.
b gold was actually engaged for ex-
/, but 100000 was sent to Canada.
he supporting orders given had con-
rable effect at a critical juncture,
+ n a serious break seemed imminent.
4 The last half hour the market sold
partially again, the general list
4 wing more resistance, however.
2ould yesterdays tendency in mon
+ be. further emphasized to-day it is
possible that the advance may
4arried to a point where 1t will be
&tive in checking the export Of. gold
Spite Of The Willingness Of the
3pch bank to offer the usual facili-
#ndon cables said that there was a
= d buying demand there and on the
N inent for Kansas and Texas. About
F 10 shares We're dealt in in the Eng
& market on orders from Amsterdam
Berlin 1t is thought the foreign
1 have a tip from the inside as to a
ling dividend on the common.
lch interest centered as to the ac-
regarding the dividend on Steel
mon, which was not taken until
the market cNsed. The directors
not change the dividend rate. It
bins one-half of one per cent. quar-
on the common with the usual
rterly dividend of three-quarters on
preferred.
was assumed that whatever good
" ITS might be expected from the
Z icatidn of the quarters earnings of
Steel Co. had been fully taken in
ccount in current quotations for
steel shares.
a e list looked very soft at II o'clock.
|hern Pacific had been steady from
opening. 1t was picked as the
to rally the market 1t did the
well. It's rise from SO IL to about
Fought Union Pacific from 143 up
A ga
was the persistent strength OF
hern Pacific and United States
that finally brought the rest of
ist into line.
point came from Philadelphia
a run in Of the shorts in Reading
possible. 1t was said that there
a large borrowing demand for it
h came primarily from houses with
York Consolidated exchange con-
ons.
okers had realizing sense Of
they might have to pay if they
ed to lay in supplies of money fol
nsiderable time to come, and most
EN- preferred to take chances with
,ates and to advise customers tosbe
Gus.
Southern Railway was again able
Inc to increase its net. The full
ms for the year show up poor, as
purse, they were expected to do
net is the smallest of any yea
1903. In four years gross has
$11 5000 and operating expenses
600. The road was operated a
1904 and at so in 19O6-O7.
today is the last day of the
h the banks yesterday advanced
ate for the renewal of call loans
Der cent, but later the rate in tht
market declined to H.
Union Pacific convertible bond
OF for sale by the syndicate yet
will not be until they are in de
at par or over.
TYNER APPOINTED.
n Announcement That Tyner I
Second Lieutenant.
-..1-... 5000 frn.na the adiutan