The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1905-08-01
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@ TooAV's MARKETS. O
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MARKET AND NONE, REVIEW


New York, July 81 1905. The course
Of prices during the past week was in
strJctive Trading, it is true. was rar-
row and quite largely professional. but
the supply OF stocks ON the market was
never smaller and on small advances
i'm prices there seemed no disposition to
realize Generally the market was dun.
almost to the point OF apathy al times.
and such flvora bic influences as the ex-
cellent report of the Steei Corporation
and the four per cent dividend ON Erie
secured preferred were practically dis
regarded What pront-taling develop
ed however WAS small IN volume. and
fractional recessions We're speedily re-
gained The week closed with prices at
their best and distinctly upward ten
deacy in evidence.
Earnings of the steel Corporation for
The Juno 30 quarter cmount 10 $s9.5 S.
ll6. an increase OF Sl0.S14.29I compared
with year ago. While not the largest
net earnings on record. they approach.
so nearly to the highest figures as to be
satisfactory beyond question The Cor
pomtion is steadily strengthening it's
petition 1t is developing the foreign
field and win probably 5oon have a sub
sdiary in Cana ". T. T. the SUPPLY OF
the materials that viii tell in the long
run, and each year that passes makes
more valuable the company's enormous
holdings Of coal and limestone aud it's
Z ,0eo 100000 tons Of iron ore The in
creased charges for bettermtnts ex-
tensions and depreciation. amounting to
$1eOO, 900 for the quarter Just ending. add
/ D.. tl-t.
securities.
Exports Of copper continue heavy and
this steadiness Of prices AZ around he
fifteen-cent mark has been one of the
features OF the business situation foi
( over year Stocks Of copper on nand
are at a minimum. and the home demand
is large and increasing. The copper
market is & natural one. and the ten
dency is distinctly upwards Many OF
! the companies are earning large amodnts
on their shares at present selling prices
The Amalgamated Company is in "a much
better position than it was when copper
was selling at seventeen cents and the
company paying per cent dividends
It's ore bodies are being tested at tnC
! tower levels and found satisfactory, ia,
| rock al the company is sallins large am
cunts by the aettloment OF the under-
ground warfare with Heiaze II is GER
tain that this latter factor will result II
"a permanent lowering OF the cost Of pro
duction OF copper from the Butte, Noun
tain There is room for legitimate i'm.
proveme 1t IN the price o; the eclsei
/ shares, and with continuance of pros
perty II IS sure 10 come Not only is this
true OF Coppers and Steels. but of many
other leading Industrial shares. Attsn
tiOn which has more or less been absorb
ed in me railroads win in time include
these issues. and in bun market man'
Of them win sell az much higher figures
The situation is essentially sound, ans
every day that passes without crop dam
age adds materially 10 its strength Con
ditions abroad have shown steady i'm
provement, and The prospect OF prac
is excellent Foreigners are evincing
lively interest in American securities
ard should the crops prove as large a
lndicated a bun market on his sid
would find powerful support IRON
abroad Stocks are in strong hands an'
neither come cut or declines nor Ol
small advances. Leading nnanciers real
lie the preponderance Of favorable IN
nuences and are holding for higher price
The general prosperity OF tho country
it's sound financial position. sple7di'
crops, heavy railroad uaf.c and earn
mgs. ami Increases m dividends are al
factors which make financial history an
wrich IN time nn'st ce reelected la
higher range Of prices.