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Show BELIEVE MARKET ON EVE OF REVIVAL Logan &. Bryan, members of the New York and Boston stock exchanges and Chicago board of trade. lfiO South Main street, furnish tho following, received over their private wire yesterday afternoon. after-noon. From Logan & "Bryan's New York office of-fice The market acted oxtrcmcly well, without there being any actual occurrences of a nature to stimulate activity. The small amount of liquidation, liowcver. which lias been conducted during the past week on the recessions npparcntly caused quite a little concern in the minds of shorts. Operations for the decline have been so fashionable that the short Interest Inter-est has become unwieldy, and, consequently, conse-quently, moderate buying of copper, coupled cou-pled with u fair-sized inquiry for Steel, started an upward movement which. In Its extent, was quite surprising considering consider-ing the volume of trading. Nothing dellnlto has ns yet been announced an-nounced rclntlvo to the New Haven conference, con-ference, which at this writing is still In progress, but a well-defined suspicion exists ex-ists that a settlement Is close at hand, for the expressions emanating from Influential In-fluential quarters recently hac all been of a nature to suggest that further delays de-lays would tend to Inflame the already aggravated state of mind of New England En-gland investors. Tt Is said, quite authoritatively, au-thoritatively, that within the next week or ten days something definite should transpire relative to the petition of the eastern railroads for freight rate Increases. In-creases. The "Washington advices quote tho chief executive as bclntr aware of the difficulties confronting the trunk lines and the keen necessity of our largest corporations being placed In a position to finance their obligations and thus enter tho market for large supplies of labor and materials. Consequently. It Is believed, In view of the lagging tendencies observable observa-ble In trade circles and the tendency on the pare of the carriers to further curtail their expenditures, pending relief, that the rato question will bo settled without further delay and Increases allowed of about 3 per cent until such time aa the interstate commerce commission can make further investigations, and, as a consequence thereof, such readjustments ns may be consistent with the facts later revealed. Wc continue to believe that the stock list Is on the eve of a substanj tlal upward movomcnt, liavlng as Its pur-poao pur-poao tho discounting of an Improved order or-der of things. Bears Discouraged. From Palnc. Webber &. Co., Boston The extromely firm tone maintained during dur-ing the past few weeks under what appeared ap-peared on the surface to be unfavorable conditions hns discouraged the bears, and there was considerable covering today all through tho list. Copper was ycry strong on Improved trade reports. It 1b expected expect-ed tfiat a satisfactory settlement of New Haven, Boston & Maine difficulties will be announced tomorrow or Monday. Tho feeling Is more confident that railroads will bo granted a fair increase In freight rates in all cases where It Is shown that they are warranted. This, of courso, would glvo the market a sharp substantial substan-tial advance. From the Gallagher curb letter. Now York Ohio Oil opened higher on publication publica-tion of the annual report, which made a favorable showing. If present prices for oil continue, we think Ohio will go much higher. Stewart and Nlplsslng featured tho mining list. The close was quiet and Irregular. London Close. In London securities wound up calmor. Professionals had about the only interest in Americans, "which were sluggish. Canadian Pacific dropped. A sensational slump occurred In Brazilian rails, due to forced liquidation and depression In Brazilian exchange. |