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Show COPPERS SLOWLY GAIN ON EASTERN MARKETS James A. Pollock fc Co., bankors and brokers, furnish the following, received over their private wire yesterday afternoon: after-noon: Paine, Webber & Co.. Boston. Coppers Cop-pers gradually gained In strength and closed at the lop. Buying ordcra Wero nil her scarce at tho opening, but confidence confi-dence Increased and the buying was very aggrcHulvt! In the late dealing. North But to sold at 35B and Lake sold above 30 and others in proportion. The strength, of Amalgamated Is having a favorablo fa-vorablo offect on our markot and will cause moro activity und higher pncesJ later in the week. Logan & Bryan, New York. The weakness of tho Denver issues, which was reflected by soiling of tho shares of not only tho Gould roads, but also of the coneral list, caused tho market to assume a noil of reactionary appearance durlnc the forenoon Iradlnc today. In addition, the rather mixed crop advice, particularly with rocard (.0 coarse grains, caused somo uneasiness In tho ranks of those committed lo tho advance. It became be-came apparent on the docllno, however, that I he selling for tho most part was for professional account and that long stock was not being marketed, in volume, with the result thai, a rather sharp rally ensued during tho last hour, but toward the close heavy pressure directed on Reading produced Irrcgularily. London was reported n being a moderate mod-erate buyer of coppers and some of the lower-priced specialties, such as Ei'le and Southern Railway, were In actlvf demand foi foreign accounts. While we still believe that the general trend of prices Is to bn considered upward, crop news is receiving close attention and will doubtless Influence trading In a marked degree Anions: tho selected Issues Erie. Missouri. Mis-souri. Kansas S- Texas and Utah Copper Cop-per still display an upward tendency. |