The morning journal-courier., 1908-07-18
WALL STREET NOTES Market Rise Halts and Dull ness Is the Greatest
 Feature. UNION PACIFIC'S LEAD ------------- Better Crop Weather in the West News Features Conspicuously
 Absent.

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 While trading in the local market was a third smaller than Thursday, during the morning, the total being about 19e,Oo0. against S0O,O0O for the first two hours of the day before. prices of tho active list did not change much during that time. \ few spec ialties scored sharp advances, nota- bly, Consolidated Gas, American To- bacco, Missouri Pacific, Wabash, and a few others. The taking up of specil- ties. such as these, often Indicates the end ,of particular rise. and that fin- anclal interests are wiling to see q slowing down for the .ime being, Stocks showed great dulness during most of tho afternoon, un.il in the last half hour with a rather sharp set back. on what appeared tu be q rec sumption of bear operations some lit- tie activity developed. The operators who favor decline pointad out that the absence of public response and tho unwilllngness of the bankers to take more stocks, indicated that the mar ket had gone up enough. Under sucn circumstances, 1t was contended stocks should go down. There was no particular news to account for the late setback, but the assertions of various linanciers. including James j.. Hill, that freight rates must be ad- vanced, or the railroads will suffer was perhaps responsible or some of the selling, Some argued that If rates are not advanced and if wages are not reduced, dividends must come down.
 Union Pacific. the proclaimed leader of the market, was very mu, h in the rear of many other stocks as regards movement toward higher rrites. But then it was said that the other stocks all in the usually obscure group, were being brushed up to hide aelling in the more active uarters of the market Union Pacific got above l50, then un- der that figure. where 1t spent most of the day. The stock has come mp SO many times when it has looked like running off that traders are careful of going short of it.
 ITO
 The Aggressive strength of Missouri Pacificzand Wabash issues was refer able to the progress which Is being made in the rehabilitation of this group of railroads Wall Street hal theory that the Standard oil party has secured control of Missouri Pa citic. According to one story. John D. Rockefeller had been abs jrbing Mis- souri Pacific stock ever slnce the Oc- tober break, and is now tte largest shareholder. There are no facts, but many persons believe this.
 More seasonable weather in the west. benelItine the great crops, addi- tional signs If rcvivins huslness. with an ann0unccd advance in print cloths by n leading western concern, and with greater activity in the central west in bituminous coal. tended tc make Wall Street a ittle more hope full in spite of he failure ef the trunk line railroads to order an advance ir freight rates This probably account. ed for the confident disposition shown with rel Ud to stocks.
 : Harmony on the subject of increas. ing freight rates at the meeting o railroad officials called 'o consider that question is apparently of the in. dividual kind. President Truesdale O the LacEawanna says it is really as tonishing what difference of opinion there is, If was hardly necessary that there should have bean confer ence to demonstrate this fact, but evi dently the formaity ras satisdel some interests, who approve of tho idea of raising rates, but question tn, feasibility of doing so, and have avail. ed themselves of the opportunity o saying as much.