The daily morning journal and courier., 1907-10-14
LATE FEATURES OF
 THE STOCK MARKET Confidence is Yet Greatly
 Lacking. IS MUCH UNDERMINED Little Prospect for the Bulls Heavy Liquidation Again
 Money Tight.
Stocks are pretty sick again. and Though Saturdays slump was bad one' more slumping is yet indicated.

Though Saturdays slump was bad one' more slumping is yet indicated.
 Anthony N. Brady's exposure of how shigh finance" played its part in the mffairs of the New York city fractions most helped to bring about last weeks heavv decline in stock market prices. l1t was a piece of dirty linen washing fin public that on the surface appeared quite tip to the mark set by the life insurance exposures and the develop ments regarding Hartman financing of the Chicago & Alton.
 It is no wonder the public stands aloof and the bears succeed in dis lodging stocks which were weakly mar gined for an up-turn.
 It is no wonder that Europe looks askance at our stocks and bonds, and wonders where the lightning will strike next.
 Government regulation of corpora Eions should place securities in the fu- ture in far safer position, but what disturbs investors now is what are the securities they have bought or the securities offered to them really worth.
 Europe this week sent flood of sell dng orders in American issues, these coming especially from Dutch bulls on the market who were too short waist ed to stand the pressure. The foreign selling helped to put sterling exchange rates to a point where they were close to the gold export figure.
 Other factors assisted in bringing about the strength of exchange rates one connected with the payment of finance bills, another the slowness in moving cotton forward The southern cotton grower is holding his product back in hope of higher prices.
 Money continues very firm with six months funds commanding 6 per cent It is calculated that Secretary of the Treasury Cortelyou will be able to cointinue his policy of deposits in banks to the extent of about $25,- 900, 1000 more. There is, however, no chance of bull market.
 The labor question, too, is likely to come to the front soon when workmen are laid off in considerable numbers.
 Some of the views of prominent Wall street houses are as follows:
 Henry Clews & Co: There is just one other element which tends to de- Jay the restoration of confidence, and that is the growing conviction that the present year has witnessed a turning point in business and that we are to face at least moderate business and industrial reaction. The outlook of the market is extremely uncertain"
 Grannis & Lawrence: Probably the wide publication of the Metropolitan Street railway investigation has much Influence in deterring the public from buying stocks on this break, and so made the work of the bears more suc- cessful, but monetary conditions con- tinue to dominate the market"
 Carpenter, Baggot & Co.,: Good se- curities are as much too low as they were too high year ago"
 H. L. Horton & Co-There is no dues. tion as to the value of securities at the current prices, and when the recovery actually begins stocks will afford the greatest opportunity in years.
 Miller & Co---We still adhere to our previous advices, that we see nothing on which to base purchases, The mar lxet closed weak, practically at the bot tom. with every good prospects of be- ing lower again"
 E. R. Chapman & Co.--Until a differ i eYlt attitude is shown by moneyed in- terests no improvement can be expect ed other than some slight. strength due to short covering, As things are now, we would always sell on such rally. Chandler Bros. 6 Co.-The curious feature is who can possibly be buying all the enormous blocks or stocks which are being accumulated in large lines. This condition can develop bear panic at any moment, and it will not be sur prising if it occurs.
 Prince & Whitely--We see nothing in the immediate situation to cause us to change our views, and still believe there Is no hurry to buy stocks for a long pull.
 Boody, Mcclellan & Co.-While no one can say that the present movement against prices is over. there has not been a time for many years when prices have seemed to be more tempting to the buyer than those prevailing to- day. The public should remember that the slowing down in business is the re- suit of no disaster of any description.
 CLOSING PRICES.
 Reported over private wires of Prince & Whitely members of the New York and Boston Stock Exchanges. New York office, 52 Broadway and 15 Center street. New Haven, Conn.
 New York Oct. 12. Adams Express Go. ..,. ITO 19O Anal. Copper .... SSA 5S%