The daily morning journal and courier., 1907-10-21
LATE FEATURES OF
 THE STOCK MARKET More Lively Times Expected
 To- day. SOME PANlCKY SYMPTOMS If No More Serious Banking Troubles Occur Prices
 May Rally.
SOME PANlCKY SYMPTOMS

Troubles Occur Prices
 May Rally.
 The stock market, which was on the verge of collapse last week, may have another serious fit of the blues to-day if any further banking or other financial troubles break out in New York.
 Stocks have had a tremendous drop in prices and perhaps the end is not yet.
 Last week came the collapse in Unit ed Copper with the Heinze troubles and the "corner" that crushed the pro- motors. To-day there are rumors of other prominent people in trouble There is nd accumulation of stocks by important interests even at this low level because daylight is not yet ap- parent in Wall street. Amalgamated Copper is down to nearly one-third of its price year or more ago and the cooper metal goes begging for buyers at f2 or 1S cents per pound instead of 25 cents-the price at which it was begged U. s. Steel preferred stock stands the racket pretty well, because no fancy prices were tolerated in the boom.
 The country has good crops and will get good prices for them. Money is tight, but may ease up now that crop moving money moves back. Satur- days bank statement was trife en- couragine.
 The opinions of some of the leading Wall street commission houses fol- lows:
 Bloody, Mcclellan & Go. say that Wall street is giving little heed to actual values in stocks and bonds, but the great depression of the year Is nearing its culmination. If some new develop rnents yet remain to be disclosed the market will feel them, but unless all faith in the country fails and things turn out different from anything that ever happened before, which is unbe- lievable, the prices of good stocks have got where purchases should be made, especially In view of the income they yield. This is condition that has not existed in generator. This is a condition winch, VII appeal to the pub lie as soon as the present state of ex- citement and apprehension has passed away. In the meantime it would be ut terly useless to speak of what may occur during the next week. Those with money at command may enter the market or the present state of Generalization may continue. At pres ent the horse is running away He may be stopped without harm or an unfortunate collision may result We cannot believe that those who have the ability to take care of their stocks should part with them at such a ime.
 Henry Clews & Co.,: Tt is yet too soon to take very reassuring view of the future, for 1t is by no means cer- tain that the house-cleaning process is complete. There are still points of weakness in the market, and no per- manent recovery can be anticipated until these have been thoroughly elinai- mated"
 Prince & Whitely-It seems as though Investors are having an opportunity to buy stocks which does not occur often in mans lifetime, and that barring some new unfavorable developments, conservative purchases on scale downs from this level will pay before many weeks are over.
 Bartlett, Frazier 6 Carrington-There undoubtedly have been many loans made on the copper collateral, etc, that should notLhave been made at all. These loans must be liquidated, and that is just what is happening
 Edward Street s& Go.-The liquidation of the week should result in a de- crease in loans of at least $10, ,J00 900, and, unless this proves tol be the case disappointment in Wall street will be keen.
 
 C5rannis & Lawrence-The industriaIs have apparently discounted any busi- ness recession we are likely to have next year, but some of them will pro- bably go still lower.
 E. R. Chapman & Co.-In view of all conditions, we do not feel like advising purchases; that is, not until we can see the proper evidence of inside support and buying on the part of substantial interests.
 Miller &s Co.-We still can see no good reason to buy stocks We may, perhaps get some rally next week, but We do not look for any Saturday.
 Chandler Bros. 6 Co-The fact still remains that stocks are selling at ab- surdly low figures, and that purchases made at ruling prices must produce large profits,
 T. A. Mcintyre 6 Co.-We would rather continue to advise covering of shorts on further declines than put out fresh commitments on the bear side of the market,
 Alfred Mesre 6 Co,-The situation still appears very unsettled and conf- denee is badly shaken.
 J. S Bache & Co.-Those who buy Amalgamated should go with the pros peet of a long carry The wise sHg- gestion So many times made by Mir. Hartman and repeated again recently,