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Show WALL STREET DOES NOT FEAR EUROPEAN CONFLICT Traders Think Crisis Will Be Safely Passed; Bear Raid Proves Failure; Copper Shares Are in Strong- Demand. By Thomas C. Shotwell. By International News Service. N.:V YORK. Nov. 12. Another" raid on Lhe stock market today was a failure. The opening was strong, following higher prices in London. After a brief period of strength there was a sudden outpouring- of slocks that carried tlie list down to the lowest lovel reached In recent drives. There was heavy selling of specialties, but the selling- was suspicious because no positive posi-tive Information seemed forthcoming regarding re-garding the Identity of the sellers. It all simmered down early In Ihft afternoon af-ternoon to a raid by the Waldorf crowd of traders and ihcy began to hunt for cover in the last hour. Tlie momciiL Ihoy began to buy the market recovered sharply sharp-ly and closed In the midst of n brisk rally All the traders are bearish and the bltr people seem to be Indifferent regarding the Immediate future. The foreign situation, sit-uation, the possibility of tariff reform and the money trust" Inquiry arc all capable of 1,n.a,ldns: t,0ll,le. but tlie underlvlng-conditions underlvlng-conditions are so strong that no fear Is felt of the final outcome. There arc few who believe a general war in liuropo will come to pais. Tariff Reform Talk. .m" ;'nyccment by President -elect Mlson that he had not decided what to do about an extra session and that at any rate lie would make no announcement until after his return from his vacation, cume Just when the market began Us inml rally. This coincidence led manv to believe that tariff reform was the cause of the selling. The big people feel that no tariff reform talk can upset business as much as the continual alarms that have been coming from Washington the last eight years. Railroad earnings were impressive. The Canadian Pacific showed a gross gain of more tlmn 17 por cent for tho first week of November, Minneapolis & St. Louis -U per cent and others 10 per cent or more. The earnings are so good it k embarrassing em-barrassing for the men who want an advance ad-vance of rates. Copper Stocks Steady. Copper stocks were In good demand, lhe bujing; was by the best authorities. Amalgamated, Chino, Anaconda, Uiuden. Mason Valley, Ray Consolidated and Utah Copper wore all picked up by tho right people, larger earnings and larger dividends divi-dends are expected on all of them. Attacks were made on all the petroleum petro-leum shares but apparently with the purpose of picking up stock. The business is growing rapidly and new Issues are to come out In the near future. One now petroleum stock soon to have a. market Is that or tho General Petroleum company. com-pany. It has -just purchased all the property prop-erty or Continental Petroleum company. Beet Sugar Attacked. Beet. Sugar was again under attack, i I'he Tact that tlie stock stands as high as It does Is evidence that no drastic reform 1s expected In regard to sugar. The decline Is due to reduced earnings. While the specialties were declining there was gilt edged buying of the high class railroad shares, such as Union Pacific. St. Paul and Reading. All or these were at the front of the advance late In the day. Erie stuck Its head up again, being strong throughout the session. |