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Show ACQUITTAL OF PACKERS HELPS STOCK MARKET Another Feature Said to Have Had Material Effect Was the Defeat of Roosevelt in Indiana. 4 By Thomas C. Shotwell. By International Is'cws Service. NEW TQRK, March 26. Acquittal of the Chicago, packers by a Jury In a federal court, after nine yeara of prosecution, was such a great argument for prosperity that tho stock market was prevented today from having all the reaction normally due. Another An-other favorable feature was tho advance or copper metal to 158 conts a pound. Roosevelt's defeat m Indiana helped materially. ma-terially. And the public kept on coming for more stocks. The result was that after a mild reaction In the early part of the session stocks recovered, held quiet for a short time and then started on the swing upward again. The market closed In tho midst or this upward movement. move-ment. Some specialties made mntcrial advances ad-vances for the day, even in the face of tho reaction. These specialties were not Buch as might bo called leaders, but they were substantial Issuoh, such as Rubber, Beet Sugar and Bethlehem Steel. Tho movement In Beet Sugar Is based on collapse of the movement at Washington Washing-ton to take the tariff off sugar. So certain cer-tain are the beet-sugar men of the Impossibility Im-possibility of that movement that- they are planning to put sevoral hundred thousand dollars more of capital Into boot-sugar factories. Amalgamated rose becauso of tho advancement ad-vancement of copper metal prices. A bid of 15g cents a pound was refused by one of the big producers. The copper companies com-panies must all increase their output soon, or copper metal will bo several cents highor and tho old speculative con-dltlons con-dltlons of flvo years ago will be repeat-e5 repeat-e5 , , Above 15 cents a pound, a multitude ?! il t,e m,nes can produce profitably, and If the metal romalns there any length of lime tho country will bo flooded with new promotion!. Among bonds the Tnterborough-Metro-polltan and the Mercantile Marine Issues were leaders, advancing a point each. The advance of the former was purely speculative and followed the movement In the stocks. The latter, however, was hased on real Improvement of conditions. A boom in shipping already exists and the Panama canal Is going to make the whole world prosperous for a generation. The revival of the shipping Industry will be pne of the marvels of the century. Pacific Mall stock Is being quietly taken out of tho market and presents one of the Onest speculative opportunities In the street. Congress will not. of course, pass the absurd bill forbidding use of the canal to steamship companies owned by railroads. The Pacific Mail will build four more great ships and become an Important figure Jn the shipping world. The union Pacific management has not yet awakened to the Importance of the Panama canal, but will do so In a year or so at the latest, and the Pacific Mall will, be a prominent feature In the great work the Harrlman lines will be called on to perform. |