The Bridgeport evening farmer., 1909-02-06
THE WEEK IN WAL LSTREET

Especial Cores. of Farmer) New York, Feb. 6.-The feature of the week in the stock market was the l sharp advances in the Gould group and in some of the Hawley stocks. Denver & Rio Grande common shot up to the highest point within two years. The l report that James J. Hill was trying to buy the road for the Burlington which was promptly denied was re- sponsible for the advance. The road while controlled by the Goulds could be bought easily in the open market as the controlling interest have not actual possession of 8 majority, of the stock. The Denver is earning about 3 Der cent. and little more on the com mon and it is believed in some quarters that dividend may be declared at no late date.
 On December 12 the average price was 11S.1S. It declined to 115.2O Decem- Der 21, rallied to 120.93 January g. de- clined to 117.63 January 12, moved up to 119.97 January 21, fell off to 116 93 January 30 and rallied to 118 at the end of the week.
 There was some heavy selling of Reading which was weak while the Gould and Hawley issues were strong. This was due to the fact :" that the wholesale coal dealers had sent out a circular letter to all the retailers ad- vising them to stock up as there was SOIlO OduS0T OI d E5IT1h0. NOW CcIl be said that there is little danger as the miners union has voted to keep at work pending the settlement of the new wage scale. But sellers will tell good stories now to force buyers to take on as big load as possible.
 The price of copper was cut one cent a pound during the week This is in line with the knowledge that the supply on hand is greater than for a long time, and that the production is running ahead of the consumption There is but one thing that makes for higher prices in stocks and that is easy money and there are signs that this period is drawing to close. The gov ernment will have deficit of $135 5.O00, 900 and will be forced to do some thing to relinquish it's financiers. Three per cent. notes can be sold but this will be but a temporary expedi- ent. The talk of replacing the war taxes is not taken kindly and many believe that tariff reductions will not help to swell the funds in the treasury. Within a few months the Government will have but $51, GOO GOO left with de- positories. This will force New York to be prepared to finance the moving of the corps this year, and if they are large as is probable the Government demand for cash, the farmers cry for it and the business requirements will make for period of stringency.
 There are signs that the turn for better has again come. The iron and steel business for January was better than for December and the earnings of railroads are showing improvements as is evidenced by the reports of the Vanderbilt lines which were published Thursday. These were all good and surprised the Street and did much to stop the decline that was started by the weakness in Reading.
 It is understood that the Governor favors passing a law that will divide the members of the exchange into "brokers'' and traders The broker can not speculate and the trader will not be permitted to accept an account on margin. That is. any man who wishes to trade for himself on the floor of the exchange will not be permitted to take accounts from any one else ex- cept for cash. This is a good thing and will meet with general approval
 J, R. BURTON.