OCR Text |
Show EASTERN MARKET BORE HOLIDAY APPEARANCE James A. Pollock & Co., bankers and brokers, furnish the following, received ovor their private wire yesterday afternoon: after-noon: Logan & Bryan, New York The market mar-ket yesterday bore n holiday nppcarance, with transactions representing for the most part evening up operations. Some scattering selling took place in Canadian Pacific on foreign advices to effect that. Servia had declared war on Bulgaria, but tho pressure had the appearance of being be-ing of domestic origin. Continental markets mar-kets during the past few days have been somewhat unsettled in view of the disturbances dis-turbances in the Balkans, though liquidation liqui-dation was only on n moderate scale, nnd private ndviccs were to the effect that large European powers would promptly intervene In case conditions become acute. Prospects for Southern African gold arrivals being hampered by labor difficulties diffi-culties In the rand has been productive of some concern, as has tho forthcoming attitude of trainmen on our eastern roads In connection with demands for Increased wages, which. If granted, would burden tho carriers with about $17,000,000 additional addi-tional charges, but nslde from these two factors, taken In conjunction, of course, with foreign political aspect, there has not been much In the discussions heard In the financial community on which to predicate the probability of a renewal of concern. Of course, it Is realized that large financial Interests are still disposed dis-posed to got apathetic, but even so the security markets havo been liquidated to a degree that makes them seem likely that the selling side Is not liable to prove to be as attractive as heretofore In the absence of unforeseen occurrences of an adverse nature. Paine & Webber, Eoston The local market showed a greatly Improved con-Idltlon con-Idltlon today. The demand was good and jwe have never seen less stock offered, 'Unless the New York list breaks again, jwe expert to see a sharp rally In the I' coppers. They have more than discounted dis-counted any adverse conditions and, Jn the language of the street, "are sold to a standstill." The floor traders have been bearish for a long time, but are now picking up cheap stock nnd will be leudors on any upward swing. With the market as narrow an this one, the professionals pro-fessionals can make prices to suit themselves. them-selves. Gallagher letter, New York Alaska Gold was the feature, selling at 18i. The balailco of tho list was quiet, most of thr? trading being of an evening up character, charac-ter, doldllcld Con. was offered freely at J 3, which was the lowest since It. reappeared re-appeared on the curb. Jumbo Extension held fairly steady around 11 cents. North Star sold at 89 and Tonopah Merger Mer-ger at fit. |