The Birmingham age-herald., 1911-02-22
TRADERS BUSY IN :. GOULD SECURITIES RumOred Changes in Con-
 tr0l of Properties ALL ELSE WAS DULL Bids More Active in Bonds Than in Stocks-The Favorite Issues
 Proved Heavy on Stock
 Exchange

New York, February 21.-Most of the favorite issues on the stock exchange were heavy today although there were no evidences of extensive bear pressure or liquidation Traders were engaged so busily with securities of the Gould railroads that they gave little attention to the remainder of the list and it dropped through neglect. &
 Indications of recent aecumulations of the Gould securities by strong interests attracted large Speculative following to them and when the market opened the buying of these stocks and bonds, which sent them sharply up toward the close of yesterdays session, was resumed.
 It was recalled that when George J. Goulds approaching retirement as active head of the Missouri Pacific was an- nounced the intimation was conveyed that change in control of the other Gould properties would probably follow.
 Missouri Pacific, Denver and Rio Grande, St. Louis Southwestern preferred, Texas Pacific and Wabash common and pre- ferred all made substantial gains. The market as whole fell off, although there was some improvement at midday.
 The influence of the holiday was felt In the afternoon and trading was at a low ebb. Tn the final hour the market became more active at lower prices and the closing was heavy with slight losses in the usually active stocks.
 Bids were more active in bonds than ill stocks. Transactions in the first two L tt,a ta{o far several recent days but reflected no widening of investment demand since the bulk of the dealing was in the Gould Issues. Wabash extension As temporarily gained more than points, their maxi mum advance for the week thus far ex- ceeding points.
 In spite of the largest gross earnings in the history of the Delaware, Lacka- wanna and Western railroad. shown in the report for the fiscal year ended December 31, net revenues of the road decreased $793,000, owing largely to higher wages. The earnings from the company's coal department fell off SPA, 900 and a decrease of $2,430O00 is shown under the head of "sundry additions" the whole making a shrinkage in surplus of $4,454, 00O. The amount of sundry additions in 1909, however, included profits from the sale of 5000 shares of Lehigh valley, amounting to $2.622.o00.
 sLackawanna shares advanced IS points today Latest trade advices indicate greater activity in the copper market. although price changes are unimportant. February sales are of moderate volume and it is felt that in the present. condi- ton of the market a more urgent de- mapd must arise to cause a pronounced change In quotations. Copper shares were. quiet today and the price of the metal in London was lower
 The only Change in the money market was the. placing of one year loans at 4 per cent. Total interest and dividend disbursements for March are estimated at SIS, 100000. which compares with $S5.- 000,000s for February and s107000,000 for March of last year. The increase over last year is largely accounted for by the gain in dividend disbursements.
 The bond market was strong in sym pathy with the movement in the Gould issues. Total sales. par value, S5, 35S, ,000.
 United States bonds were unchanged on call.