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Show COPPERS HAVE LOST THEIR SNAP IN EAST James A. Pollock fc Co.. hankers and brokers, furnish tho following, received .over their private wire yesterday afternoon: after-noon: I 'a inc. Webber & Co., Boston. The New York market continued to sag again today and looks as If it would sell lower. The local coppers havo lost their snap and the buy and sell orders just about balance. Prices were unchanged all through the day and there was no attempt at-tempt at liquidation. "Wo think the position po-sition of the coppers is better than the New York liet and that there is less risk In buying them. Logan & Bryan. New York. You are doubtless aware of the fact that shortly after the government filed Its suit for dissolution of the steel trust, knowing as we did, of Ihe substantial character of a goodly portion of the buying , then in progress, that we advocated the purchase pur-chase of standard rails, notably, the coalers, coal-ers, llarriman and Hill lines, and also of the seasoned Industrials. Bullish sentiment sen-timent shortly thereafter was stimulated by the court's approval of the American Tobacco company's disintegration plan and also by the granting of the injunction injunc-tion against the Interstate commerce commission com-mission by the commerce court in connection con-nection with Its ruling In the long and short haul cases. During the past few days, however, we have expressed the opinion that purchases should not be made on the upturns and that at least pari profits should be secured on long stocks, basing our views primarily on the fact Ihat the recent favorable occurrences had. In great part, dissipated their immediate imme-diate Influences and that the contraction In the short Interest had tended to greatly weaken the technical position of the market. mar-ket. There also has been in progress, as wc intimated, selling of a rather influential in-fluential character, In fact, distribution apparently has been conducted on such a. scale as to warrant the conclusion, and especially in view of the convening of the Stanley investigation committee and congress, taken in connection with the rather more acute discussion relative to tho political situation, that strong Interests Inter-ests are not keen at present for much of a demonstration in the buying side and. therefore, wc can only repeat that we would not purchase stocks except on the sharp drives and then only with using the usual safeguards. Gallacher, New York. American Tobacco To-bacco and United Cigar Stores were strong and active on the curb. There was some inside buying of both issues. American Amer-ican Tobacco sales from 4 40 to 453 and tho United Cigar Stores from 233 to 251. last 245. El Paso actively traded In licrc today from 70 lo 75c. The coppers slightly slight-ly lower. Tonopah and Tin tics steady and dull, T5lg Dome, Ihc feature of the Porcupine, group. Tt advanced from 358 to Z on transactions of about 1500 shares. |