The Cairo bulletin., 1907-09-04
In Home Market, With Improved
Sentiment Abroad Toward Amer
Jean Paper.

view IOTh, Sepl o. \ ut average
lstreet view OF the stock market and
that after surveying the bank state
lment last week and noting the small
decrease in loans was that stocks
should be on the advance. This view
was followed with but little effect on
iprices, for there We're other and
stronger undercurrents' actuating val
Iues. The foreign situation has clear.
| cd very much; money is easy in Lon.
don; the Berlin tension seems to be
| lessening; Paris is less skeptical and
| is much more assured from the memo
| randum and August 81, There can
be little doubt that American financial
bills with the proper collateral have
| found an easier berth of late in Eng
| off this market, and it should be re-
peated in the case of New York later
| on. The time money market here, II
you have the proper collateral, is cas-
| ier in fact, quite perceptibly so over
last weeks figures from private nego
tiation. The principal individual top
les under discussion were not new
and they are unsettled that OF Alton
immunity is protracted until the Gath
instant; that of Interborough-Me Metro
politan-and what they are going to
do and how they are going to do IT,
SO far as the street is concerned, Is
|still in embryo, though the intimation
is given out today that everybody has
guessed wrong, and that they are not
la transportation company, but a bust
mess organization, organized under
the business act of this state and that
their books cannot be examined into
by a commission which only has au-
thority over traction companies. This
|is novel and very neat Copper met
|a has finally arrived at 1Sc. selling
prioe for the big companies, aud the
question is, will it move in volume at
that figure; if it follows the lead Of
pig iron and other commodities 1t
win not, because the time seems to.
b. past when anybody can set a price
ON raw material and make somebody
else take it, The law of supply and
demand seems again operative. The
Hill roads were strong today because
there is an important meeting in DC
tober when the plan is to be forth
coming of taking the subsidiary, and
with all liens attached to the parent
company. No one knows exactly what
this means. because of all close cor
porations as regard information, the
tlill roads are par excellence. EX-
rorts of grain even at those high fig
ures are being accomplished. and If
maintained, they mean very decided
credit to this country. and 1t Isl
thought that they will boom, for the
situation abroad is bad.
The market at the close is over a
point and one-half over that yester-
day, which was also an advance on
the day before.
While we look for much better
prices during the course of the next
sixty days, there are too many bear
ish factors oyerhangiqg the immedl'
ate situation to expect any further mp 4
ward movement The beginning OF
the taking of testimony in the Stand
ard Oil case today and probably early
appointment of receiver in the IN
tel boro-Met matter will doubtless
cause a chill to come over the market, |
which will find the bears ready to
attack stocks in order to cover at
more advantageous levels. There is
. large scattering bull following in |
the market now. so that the import |
ant interests would not likely feel in |
clined 10 resist the bcarish efforts. !
which would have a tendency to wipe |
cut this. and consequently make a |
better basis for an advance. We
would not advise short selling, but
think intending buyers should exer-
else patience and wait a reaction OF
three or four points in the leading
stocks before buying. Purchases. |
however. may be made iwth conf !
dence among the good stocks gener- |
ally and the better class of railroads. |
and especially roads which have ev-
cry reason to sell very much higher. |
On such a break we would particular |
Is recommend purchases of such is |
sues as the Hartman and Hill stocks |
Atchison. St Paul. Reading. p, & o.,
ID. & H.. L. a y. Copper. while some !
of the lower priced railroads VIII
prove attractive to those who can AZ
ford 20 wait for their profits.