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Show WALL STREET CONTINUES OPTIMISTIC AS TO STOCK i Specialties Put to the Fore and Some High Records Made; Labor Troubles Not . .v . '. Considered. ;-( XT- . j By Thomas C. Shotwell. . By Intcmational News Service, NEW YORK, May 2. Stocks continued con-tinued their upward swlns today following the clear signals of optimism op-timism displayed the previous day. All the steel anybody cared to sell went to headquarters of the strongest bankers. Selling orders were few and buying orders made their appearance ap-pearance In great volume. Special ties were leaders, but they led In brilliant fashion. Hish records of the year were made by Canadian Pacific, American Can, Nevada Ne-vada Consolidated and Wabash 1 per cent bonds. Material net galn3 were made elsewhere and evidence was given of a belief in better prices. Cotton turned weak and the grain market reflected evidence evi-dence of improved conditions. The great underlying fact of a fine crop outlook and public disgust with politicians poli-ticians accounted for nearly everything that was done. But sufficient reasons were obtainable to account for detailed movements. Can and Canadian Pacific, which have been making .high records for a month, are pretty well understood. under-stood. Big Earnings Expected. The former looks for greater earnings because of the abnormal high prices for food which is driving the public to eat canned goods as never before. The same condition will inspire a record pack of all kinds of canned goods thlB season and the crop outlook Is favorable for great production of stuff for canning. Canadian Pacific is celebrating, among other tilings, the movement of more than IViO.OOO farmers into the great wheat country of the northwest from "farms in the United States. Then there arc "rights" to be Issued for the new stock, money for which Is to bo raised for the double tracking through to the coast. Much was heard of the negotiations looking to the settlement' of disputes with anthracite miners and locomotive engineers. These disputes may safelv be forgotten by tho stock market, for all has been decided on and tho conferences are a matter of Torm. A little bluffing helps labor leaders and lets tho railroads down easy. It Is all understood on "both sides. Copper Situation. Copper stocks arc being accumulated again for another speculative movement, move-ment, Norfolk &. Southern advanced four points on buying supposed to be for tho account of the Norfolk ci Western, which wants a stock control of the property. The buying orders were suddenlv cancelled can-celled and the 3tock fell back. Underwood Typewriter and Scars Roe-nuck Roe-nuck were strong on trade conditions. Bag and paper, cotton oil and writing paper were up largely because the street feels they will be advanced by the First National bank group that has made such a remarkable campaign In Can. All of these stocks have merit, although the Irst named Is largoly speculative. Writing Writ-ing paper 13 earning enough to justlry its movement and cotton oil is in a strong technical condition. Reading was among the strong features ot the, ,flay ano" tbls tlm It was joined by Lehigh Valley. Erie persisted In being be-ing stubborn, although half of the street was ready to follow the slightest display of life in the Issue. The high record made hv Wabash 4s was tho result of buying on tho part of interests ldentlllcd with tho reorganization reorganiza-tion of the property. The committee as now constituted has complete confidence confi-dence of the financial world and a drastic dras-tic reorganization Is expected. The stockholders will have to pav dearlv for the privilege of getting control of "their property again. The bond holders are counting on a full return of the money loaned to the company. |