The Washington herald., 1907-06-26

Opinions on the New York Market.
7. W. Crew, Of Henry Clews & Co
IAN advices show that the crop con-
diti0ns have undergone a great improve
ment during the last fortnight and that
prospects now are for fair yields An
ticipating the heavy disbursements TO be
made By the corporations generally on
July l, the shorts are disposed to cover
their contracts, and il is noticeable that
there is also a slight increase in com
mis!jOn-house business Of the investment
character, although the demand from this
quarter is less than usual at this season
Of the year. The temper Of the market
Is undeniably more cheerful. nevertheless
with buying power so limited Il will be
diffcult TO inaugurate more than a mod
crate recovery in prices in face Of the
heavy gold shipments
q. Bowie Chapman, OF Z. r. Chapman
& Co.-"What proved 70 be the fore
runner Of to-day's market was found %
be the action Of the leading stocks dur
ing the last ten minutes Of yesterdays
session. To-day's advances continued
quietly but steadily. To-night's finals
are from 4 10 points above yesterday
II was also noticeable that many issues,
particularly the lower priced ones. here
tofore inactive, did better I anticipated
this movement. and expect TO see il 90
some further. 1t is largely due TO short
covering and a change from pessimism %
optimism on the part of room traders.
I am not quite ready 20 recognize il as
the real beginning Of material upward
movement, feeling more inclined TO think
that after running some further prices
will then sag. but not back to the levels
from which this movement started"
Herbert /. Jones. Of A O. Brown & Co.
THE market was more active than for
some days, and displayed more real
strength than has been apparent in many
weeks. Although there may be further
shipments Of gold this week, and it is
thought possible that the bank statement
viii not make a favorable showing. Il is
not believed that the week will terminate
without any appreclable tightening OF
money, and that conditions next week will
be much more favorable, owing 10 the be
ginning OF the July disbursements"
Benjamin Woodruff. Of Post & Flagg-
/ -Casitions to-day show a decided i'm
| provement, the volume of trading larger
and a substantial gain IN price. This
change is due 10 better feeling abroad.
as the London settlement to-day passed
/ or satisfactorily 10 a decline In exchange
which makes it probable that We are near
/ the end # the gold export movement and
| 20 technical condition in the market
which from the resistance shown 70 the
Unfay0Table Influences Of the gold ship
meuts has appeared to demonstrate Il
/ pretty thoroughly liquidated condition.
and an outstanding short interest which
/ did not have much room 20 turn around
/ IN. The buying which developed toward
/ the close yesterday showed how easily
/ prices could be aIvanced. and encouraged
10 continuation Of the same movement to-
/ day. With conditions clearing up abroad
and much better crop prospects here,
/ there should be the basis for a decided up
/ movement in the market, were it not for
/ the heavy financial requirements in the
! next month and the very low state IF the
/ bank reserves. I think the market is al
la low level and an attractive purchase
/ for those who buy Conservatively.'