OCR Text |
Show SKY IS CLEARING FOR STOCK MARKET James A. Pollock : Co., bankers and brokers, furnish tho following, received over their private wlro ye3terdav afternoon: after-noon: Paine, Webber & Co.. Boston: Old Colony and Mayflower were again very active today and advanced to new hish levels for this movement. North Butto was In good demand all day around 37. and the recent increase In -value of this property 1h Just becoming appreciated. Heavy selling of Superior az Boston was noticeable, but thero was no news from the mlno to account for It- All classes of stocks wero strong in tho New York market, but the local coppers drajesred for lack of leadership and public Interest. Logan & Bryan. Now York: The. mar- kct gave a very good account of Itself today, there bclnsr in evidence a. substantial sub-stantial volume of influential buying". The market hesitated for a period in the early afternoon owing to roporte from tho other side Indicative of complications complica-tions in connection with tho settlement of tho Balkan affair, but Hecminsly authoritative au-thoritative reports circulated to tho effect ef-fect that the interstate commerce commission com-mission is moro than likely to permit tho carriers in certain Instanccn to advance freight rates, taken in conjunction with the rather well defined prospects of New York securing on .Monday a portion of the new gold arrivals, did much towards holding aolllng In check and towards producing nervousness among tho short interest which has assumed largo proportions. pro-portions. Should tho carriers bo granted rollef In tho naturo of Incrcuscd rates. It Is not Improbablo that International politics will bo at least temporarily relegated rele-gated to the rear as an Immediate market mar-ket Influence, and that the stock market will start to reflect the betterment which it is generally conceded should accrue from tho brilliant agricultural outputs and tho eatlsfactory slate of trade and industry- Wo havo during the past week advised agulnst following short side, and wo havo 6tatod we havo believed that around the prevailing levels purchases of standard Issuob for moderate profits were advis-abio. advis-abio. We still Inclino to tho view that a higher range of prices will bo witnessed, wit-nessed, but would not Ignoro opportunities opportuni-ties to eecuro fair returns on long Block, at least until It ls officially known that our largest corporations, namolv, tho railroads, are again to bo treated on a "llvo and Iet-IIvo" bosltf, rather than to bo subjected to Om whims and auarlca of aplrlng politics |