OCR Text |
Show II CANADIAN PACIFIC IS SOLD HEAVILY I Logan & Bryan, mombers of the New I ork and floston stock exchnngus and I r.'ilcago board of trade. 101 South Main I troct. furnish the following, received I rcr their private wiru ycetorduy after- I ijoon: I Trom Logan & IJryan's New York of- I '1-o -Berlin and Montreal were crcdltel I Ith being free sollura of Canadian Pa- I ,n. That Jwnic w-ns quite weak dur- I ng the major part of the session, hut I failed to exert n pronounced influence. I o'i the remainder of the roHter. Mexican ndvlcea commanded close attention, but a fc'Ung of hopefulness appeared to draw itl of the report cd case with which , ' c American forces occupied both of the Mexican cltlc. Vera Crux and Tamplco. In the afternoon thcro wore published a 'fit comments, which were said to have rmanatcd from the Mexican authorities, Kili-iuliic In effect that it was the hope, fif Mcxk-ans -that matters will be adjusted 'n n tranquil ma nnor. Of course. It Is t vcognlzed that during .such periods as nt P'Cent, when diplomacy Is supposed to ' r the order of things, thai published Nil lugs are generally actuated by ul-eHor ul-eHor motives, but nevertheless the fact hat the advices attributed to Mexico v l; were riot fraught with belllgorency and antagonism did much towaid allaying ic fears of those who have been disposed dis-posed to view the situation with alarm in account of the probability of compilations compil-ations in the event that the lluortlslas - iould choose to pursue their course and eormrdlzp the Interests of tho many for-rteuviK for-rteuviK who have much nt stake In Mexico. Truly It Is yet too caily to form nt.y definite conclusion, but the. news so Oir suggests Hint the odds favor a compliance com-pliance with American domnnds. especially- as much pressure Is said to hnvo fen exerted on Iluorta by tlic Europcun J powers. ! Gold Export Probsible. The strength of sterling exchange, tho ' same hnvlng risen to a profitable gold export point, denotes that shipments of vcllow metal nrp not improbable in tho near future, especially as Germany nnd Russin are rporled to be keenly bidding for gold at London and on tlio continent. Much liquidation and speculative selling tins occurred during the past ten days In ihc stock markot and tho marked oxpan- I1 Mori In tho short Interest makes it scorn ' wrobablo that sharp rallies arc likely to I occur from time to time, but innsmuch as thf outlook in general Is so clouded and of such a complicated nature, It may 1 he well to pursue a Judicious course. Many count upon the Mexican affair to I divert attention from the legislative pro- gramme, and if this should prove to bo ' ic case I he country In general would jyrliaps be much boncllted. 1 From Paine. Webber & Co.. Boston 1 Foreigners seemed more frightened over J f,ie Mexican situation than ourselves and 1 were free scliera of stocks In Now York r todaj. whlelt with lar selling catised ' wnknes In earl tnullng. Ttoul liquida tion wns sttll larking nnd shorts covered 't 'reely towanl tho close, whlrh was at " Ig'.ier price thnn yesterday. Forrcd V quldatlon of coppers was the principal iau.c of weakness in local markets. This mav go some furthor, hut wo believe f big Ki renins enn be secured in buying I around present levels. ! Declines on Curb. Ii From the Gallagher curb letter. New ork Tho Mexican trouble affected the' urb UMirkct and declines were goneral with tho cxcoptloti of a few srHKialtles. rut In oil prejs caused more uncasl-ikm uncasl-ikm In tho oil shares and checked tho advance of yoMcrday. Anglo Oil was no-I, no-I, tably etik, selling- nt 15. Tho Cobalts , J ncr also lower. MrKlnley Darragh .'ioll- ng off harply. .Maxwell Motor stocks j wore alt stnuiger, celling at 2Til and 13. T..o tobarc stocks were fractionally nw er. Copper stocks were spotty, but Jraden held tlnn. Iondou rlos Securities easy, falling 'o rally) Ttohnrdenlng' of dlsrounts forcwl oruols to lowest at tho nnd. Dealings , ii A inert cji ns limited and group had an rrenlar course. Canadian Pacific under pressure. Muxlcnu rails were unsupported. unsup-ported. Pnrls boui-so closed weak. Berlin firmer. Ore a lid Bullion. Ik-Cornlck C- Co.. bankers, announced r receipt yesterday of ore vnliiod at JV'.ooo. nrkl bullion shlppotl out 'valued i jt St 1.600. a total movement for tho davl i. ' J105.000. |