Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1908-04-08
WALL STREET HALLS NEWS WITH
DELIGHT.

NEW YORK, April Especial Cor
rcspondcnce of the Journal. Mincr).-
The political events of the past week
have made for strength in the stock
market that was undreamcd Of a week
ago, except by those in the confidence
Of the government at Washington.
The Hepburn bill providing for fed.
eral registration of corporations and
granting immunity from federal prose
cution To- such combinations of capital
as may choose to give their affairs com.
plcte publicity and to come under tac
federal wing, has been hailed with de.
light by Wall street. The President y
open cxpousal of this bill caused n
regular tossing of caps on the stock
exchange where the bulls have been
charging the bears in "hurrah boys"
style ever since the tip was given out
that tnc Presidents message would
spell season Of peace to the troubled
corporations.
The truth is that even the most con.
scrvatire bankers believe that the leg.
islation now proposed offers abundant
reason for big bull market, and many
believe that only the failure of the
Presidents program can prevent tne
recurrence of prosperity.
stock brokers who two weeks ago
were criticising and even cursing the
government at Washington for inter.
ference with business are now out in
open statement that tnc President :
way out of the wilderness of business
uncertainty is the straight and safe
way out.
Wall street is praying that the Hep.
burn bill will be enacted into law.
The market after such n violent up.
turn is now due to undergo IA moderate
reaction. The good news il out. On
any fair reaction stocks should be
bought.
The Sugar trust for the first time in
years declared its treasury surplus.
This, in view of the present campaign
for publicity, was the most important
happening of the week, except the de
eisions Of the United States supreme
court upsctting certain state legislation
ON the subject of rate regulation for
railroads.
The curb market has shown strength
in spots equal to the strength shown in
the inside market.
Lawson y "fair finance" advertising
campaign has begun, AS predicted two
weeks ago. Lawson is good man for
the SPECTATOR, who wants fairly quick
action, to follow. There are several
points of profit in such Lawson stocks
M Consolidated Arizona. Nevada Utah.
First National and Trinity. Lawson =
advocacy of Guggenneim Exploration
is certain to give that stock new pub.
lie, and to make easy the putting Of It
TO new high levels.
''h'N hhh i'i9b't 'uIlptTS are gaming
strength slowly but surely, The sell
ing agencies say that there is less cop.
per actually in sight now than there
has been mt any time in several years.
II il bgurcd, however, that with the
Butte mines in full blast again copper
production is greater than present cop.
per consumption, and that demand will
have to grow to volume even greater
than that of 1906 to take care of the
production now being made to say moth.
ing of the new production expected in
Utah, Nevada and Arizona. The pro.
dueers argue that expansion of business
is Inevitable, and say they do not fear
the future.
Rawhides are not in especial favor
IN the east. Eastern investors are wait. |
ing for operators TO show results.
Speculation in Rawhide stocks is mod.