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Show EASTERN MARKET WAS SOMEWHAT IMPROVED James A. Pollock & Co., bankers and brokers, furnish the following, received over their private wire yesterday yes-terday afternoon; Paine. Webber & Co.. Letter, Boston. Bos-ton. Market was erratic again today, but on the whole it was more comfortable com-fortable for bulls. Stocks showed greater resistance on drives and mroo activity on rallies On the local board North Butte was tho strongest feature, rallying to 23 1-4. Lako does not yet act right and liquidation is apparently going on. We think the whole list, however, is dragging on the bottom and advise conservative purchases. Logan & Bryan Stock letter, New York Tho market today showed a disposition to disregard adverse news and although seeral movements ccused slight recessions, still the undertone un-dertone at all times was relatively firm, and. as was the case yesterday, the buying In the last hour was vt?ry aggressivo and resulted in substantial substan-tial recoveries. The decision of tho Interstate Commerce commission to open Its proposed advances In commutation com-mutation rates out of New York to stand pending further investigation was favorably regarded, and In addition addi-tion tho news amanating from the conference between the representatives representa-tives of the trainmen and conductors and the officials of tho Pennsylvania railway were of an assuring character. charac-ter. The strength of the grain market mar-ket exerted an adverse influence temporarily, but, as expressed above, traders today eeemed inclined to Ignore Ig-nore news of this nature. The short interest is said to be of large proportions, pro-portions, and its presence Is undoubtedly undoubt-edly responsible for the action of the list, but when it is considered that partial elimination of this factor Is a result of short covering It will tend to weaken the position of the list Homblower Letter, Botson Coppers Cop-pers were dull as a whole during most of today's session. Prices were Irregular Ir-regular and changes outside of Lake Copper, which sold down from 35 to H2 3 4. were fractional. Traders were responsible for most of the activity In Lake. They found scant support in it on the way down. There Is no change in feeling. There are a few stocks offered for sale on weak spots. The close was steady, with a fair demand. |