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Show GRADUAL IMPROVEMENT IN COPPERS IS EXPECTED James A. Pollock & Co., bankers and brokers, furnish tho following, received over their private wire yesterday afternoon: after-noon: Palnc. Webber Co. letter. Boston Neither market showed any change in prices today, Rally was woll sustained and tho level of prices" considerably better. bet-ter. Curtailment In copper production will not show for at least a month, but we consider the general situation much more encouraging and think from now on wo shall see a gradual Improvement In prices of coppers. Owing to tho low price of the metal for the past six months a few dividends have to be reduced, but we think bv the time the next payments aro due this situation will right Itself and the companies, will be on a better earning basis. Logan & Bryan Stock Letter. New York: The stock market displayed a firm undertone throughout today's session, ses-sion, although In several Instances drastic dras-tic declines were recorded. A generally higher opening was Induced by the strength In London, but It became' appar-. ent on the advance that buying was not as aggressive as heretofore, and considerable consid-erable realizing was said to be In progress. prog-ress. The passing of the dividend on the common stock of Atlas Portland Cement Co., with tho report to tho effect that the company desired to finance Itself In that manner rather than through Issuing Issu-ing additional securities, did much towards to-wards causing some liquidation, asj it seemed to Indicate the course likely to be pursued by other corporations under similar circumstances. Tho selling of SIoss Sheffield was said to be based on fears that dividends would be reduced or passed, but such was denied, and from the action of the Issue It appeared to bo liquidation on a market relatively bare of bids. Hornblower Letter. Bostom There was reaction in the copper market todav In sympathy with weakness in New York, and losses were only fractional. However, How-ever, the buying was good, although the demand seemed limited. Feeling remains unchanged and the best people soom to be bullish, but are anticipating nothing more than a gradual Improvement. The close U'as steady, but very dull. Gallagher says: Opening on curb today to-day strong and active, but eased off towards to-wards noon Considerable selling In Glroux by Sheftel's brokers. Boston a buyer all day. Ray Cons, very quiet. Standard Oil strong. The feature of tho day was the strength which developed In Chlno at close. |