The Pioche weekly record. [volume] (Pioche, Nev.) 1906-1908, 1908-04-04
New York
Curb News

AAS cSaeA~eAA OfNtAIo VI lAAC pas
week have made for strength il
the stock market that was un
dreamed of a week ago, excep
those in the confidence of tn,
government at Washington.
The Hepburn bill providing fol
federal registration of corpora
tons and granting of immuni
ty from federal prosecution tt
such combinations of capital al
may choose to give their affairs
complete publicity and to come
under the federal wing, has been
hailed with delight by Wall
street. The presidents open es-
pousal of this bill caused a regu.
lar tossing of caps on the stock
exchange, where the bulls have
been charging the bears in 'hur-
rah boys" style ever since the
tip was given out that the presi-
dents message would spell a
season of peace to the troubled
corporations.
The truth is that even the
most conservative bankers be-
lieve that the legislation now
proposed offers abundant reason
for a big bull market, and many
believe that only the failure of
the presidents program can pre-
vent the recurrence of prosper
ity.
Stock brokers who two weeks
ago were criticising and even
cursing the government at Wash
ington for interference with
business are now out in open
statement that the presidents
way out of the wilderness of
business uncertainty is the
straight and safe way out.
Wall street is praying that the
Hepburn bill will be enacted into
law.
The market after such a vio-
lent upturn is now due to under
go a moderate reaction. The
good news is out. On any fair
reaction stocks should be bought.
The sugar trust for the first
time in years declared its treas
ury surplus. This, in view of
the present campaign for public
ity, was the most important hap
pening Of the week, except the
decisions of the United States
supreme court upsetting certain
state legislation on the subject
of rate Legislation for railroads.
The curb market has shown
strength in spots, equal to the
strength shown in the inside
market.
Lawson's fair finance" ad-
vertising campaign has begun
as | predicted two weeks ago.
Lawson is a good man for the
speculator, who wants fairly
quick action to follow. There
are several points of profit in
such Lawson stock as Consoli-
dated Arizona, Nevada Utah,
First National and Trinity. Law
sons advocacy of Guggenheim
Exploration is certain to give
that stock a new public, and to
make easy the putting of it to
new high levels.
Butte and Bisbee coppers are
gaining strength slowly but sure
ly. The selling agencies say
that there is less copper actually
in sight now than there has been
at any time in several years. 1t
is figured, however, that with
the Butte mines in full blast
again, copper production is great
er than the present cop
per consumption, and that de-
mand will have to grow to vol
ume even greater than that Of
1906 to take care of the produc-
ton expected in Utah, Nevada
and Arizona. The producers
argue that expansion of business
is inevitable, and say they do not
fear the future.
J2awhides are not in especial
favor in the east. Eastern in
vestors are waiting for operators
to show results. Speculation in
Rawhide stocks is moderate. The
tone and temper of all the mar
kets are expressed in the two