Show THE OUTLOOK the conditions of the market especially in the eastern centers during the past two we weeks eks have been more encouraging than for many weeks past the stock barometer has shown a gradual rise on august the average average closing prices of twenty five leading new york stocks was on august ath it was on august the average was compared with a year ago it shows quite a little advance the average for august 1907 was the low point re reached ached by this barometer during the present year was on february when it touched the point reached on the was the highest point for the year so far being the transactions in the eastern markets indicate very clearly the returning of confidence it would not be surprising to see the barometer reach the high point made in 1906 before the end of this year the high point for that year was the lowest point for the same year was the market marked has been advancing gradually for the past six weeks the cause for the advance is founded on the belief that the results of the panic are past and that a general revival of business is being experienced perien ced there seems to be an increasing demand for many staple products and the crop reports are excellent politics do not seem to disturb the general feeling of confidence very much it is already predicted that we shall see such a movement of freight during the fall that there will be a considerable shortage of cars again th the e condition of the copper market Is also good during the first week in au gust pounds of the metal was sold at advancing prices electrolytic copper was sold at 13 cents but it has advanced since then lake copper has been strong around 14 cents we shall probably not see 13 cent copper again for many months before the next sixty days we should see 15 cent then 16 cent and then possibly 17 cent copper it will not be surprising to see the metal selling at 18 cents by the end of the year locally the prospects are good although the stock market is not found so active on account of the natural reaction conditions however are such as to lead one to believe that we shall see a very healthy condition in the market during the next year the fact that the sales are not heavy while prices promise somewhat steady is a very good indication during the latter part of the month there has been a good recovery we may look for advances and reactions but at every advance we should see some gain |