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Show I COUNSEL OF HOPES RATHER THAN FEARS Logan & Bryan, members of the New York and Boston stock exchanges and the Chicago board of trade. 169 South Main Ktrcot. furnish the following received over their private wire j-estorday nfter-noon: nfter-noon: From Logan &. Bryan's New York of-fico: of-fico: "Tho tendency of tho market for a long time has beon to ignore favorable occurrences and to magnify the importance impor-tance of adverse Influences. Such was notably the case today. It was only natural nat-ural that Canadian Pacific, should have been under pressure, as a decision of the Canadian railway freight rates was such as to produce liquidation, but even so, It would appear thnt tho favorable crop report re-port and circuit court decision In the Lackawanna caso would have been sufficient suffi-cient to stimulate bullish operations In American corporate sharos. even In face of the rather poor trade reports and prospect pros-pect for an unfavorable tonnage statement state-ment by the steel corporation, which ordinarily or-dinarily would be construed as a refraction refrac-tion of past and present, rather than prospective conditions. "However, the stock list displayed a reactionary tone, except in the Instance of the coalers, wherein price changes wore nominal. The volume of long stock dislodged dis-lodged on the declines, except In the instance in-stance of Canadian Pacific and a few minor mi-nor specialties, however, was not material, mate-rial, though the stock list did not display dis-play a disposition to rally. "While tho action of the market was disappointing in a sense, still, signs are not lacking of more aggressiveness on the part of banking Interests. The announcement an-nouncement to the effect that a syndicate syndi-cate Is being organized to handle a substantial sub-stantial block of New York Central long-term long-term bonds strongly suggest that the financial fi-nancial community appears to be on the tiVC of nn era of a corporate financing, and It is not likely tliat If New York 1 ity's offerings of 56.1,000.000 bonds is a toess, which seems probable, the investment in-vestment markets will be greatly stimulated. stimu-lated. All ' enduring advances in the s;oc-k Pat have been preceded by Improve-ncnt Improve-ncnt In the bond department, and while pessimism In the financial eonununltv Is still rampant, the lime strikes us as "being "be-ing at hand when the counsel of one's '.oiifs. rather than fears, should he ac-oej ac-oej ted.'1 f From Paine. Webber & Co.. Eoston: 'Neither good news nor had news seems to hare any materia) effect on the market mar-ket Yesterday's crop report was the .best for many years, and today's copper producers' report was decidedly encouraging, encour-aging, but neither created any special ad-utnre. ad-utnre. Prices ran off toward the close t? y'.iuu$ V10 wP.e haii n0 significance. 1 sVH'ee' confident that any increase In activity will result in higher prices." Horn the Gallagher Curb Letter. New ork: ."Lntt'rait. centered in the oil shares today, with heavy selling early Hn.l no demand. The market steadied 'or a while on some short covering at t. u- low level.. The rally was hort Ijved. however, and the Hat again sold off. although not as rapidly t tho opening. Present indications are for till lowr prices In thle class of itsucs. Particular Par-ticular features In the dovllne were Prairie Prai-rie Oil. Southern New York and Southern allfprnla. Ohio Oil and Vacuum held tcaly. There was but little Interest In tie halnncu of the curb list." , J-0,"' A Bryan's Loudon ra lile saya: Quietude marked tho final dealings. J ouboh, turned flabbier, but home raH Kit off ;lrm on hones of a coal strike settlement. Although Inactive. Americans ru'ed ftteariv. A feverish condition continued con-tinued In Canadian Pacific, which np-VirJ0 np-VirJ0 oa ',2llo"!lostf' not withstanding hr Thomas Shaugnr.eKy's rissurin5 ft.ttement. Continental bourses closed Mcndy," |