The sun., 1909-02-28
GOSSIP or WALL STREET.

| GOSSIP M TAII gTRrFT
In an otherw iss strong market Ra.dlns
contrasted sharply with the rest Of tha lIst
Most Of the talk concerning Il exnresssd
forebodings over the long dlsoussed com
modify case which. Il ia expeo,ed IN soms
quarters, VIII be deoided bv ths rni,sd
States Supreme Court Monday. but which
may not be decided for veeka Rnt a.
brokers with knowledse Of the oo,lanss m
a Reading pool when the stock broLs p,ors
than 10 points on Tuesdav vastsrdav.s
fluctuations In II were attrihn,ad 10 ,.ohni
cal market conditions rnther thar 10 ths
commodity oase This tbav arSmod has
been considered sunacisntIy hv ,hs in,1
portant boldars ~ ,ha s,o,L /, 4.
"uoee'ner iniptooaole that they nave re-
oeNeu any Information from washington
'onu"s W IeNise conclusions long since
iaue' 40 ihlorthation leaks from the
'nneo states supreme Court, they said.
un 'he 'ohsoiiaatea uas decision, Tor one
instance demonstrated very we'll. In their
oplhioh 'he OBVIOUS explanation OF Read
ing Nagaries was the best. Shorts had
covered Hter luesdays break pool stock
mao oeeh dislodged IN the break and the
te'hnical position was such that the stock
EIeldeu readily 10 selling pressure
Readir, o,oro o,oon,ad ,ho ,o,,,o.,o
were s,rons ,hronabo,, ~ NV sio o'VrSe ,,Se
general marks, sseuod i,,,to .Ts,',os ~,
Rsa,nno's aastna.. "!
dave a bod oo,ad H. o,,,eaai,Ia., ~ in,i.T.s
movamants in ,no,oa,o aS rn, "'1rhs rhs
: S,ssl s,o,Ls 80 s,.on ,,.I -"
OF overtures on the part OF some Of the
Warr'ng Independents Tor settlement OF
me warfare The railroads advanced to
the accompaniment OF favorable reports
OF earnings ana generally the feeling was
! move onNmlstlc ana the market aeenln Sly
/ IN bet'r shape than at any other time OF
I 'he week. The average OF prices at the
close showed the recovery OF bit more
thsn t"o-thlrds Of tie losses In Tuesdays
oreak.
The ral,,,,o, 81 nj. .,..., +.
us a,o,,i.i,'n -, ,... -. w
no,,nanin .,,i npo,'ant .aNe n''nIns mhs
o,'nL 's p'osleee on nnee my,
,rnoiaa,na,ad r"sn T., ,ons ~ Wv,
~ hsi,s, =. - oUpp.s ~ isO. inen' a.
,aa,nd ,oi. VI 'ms Doo, .ne H'ns'sa,
Of important lake companies. but there was
unprecedented prosperity in the copper
trade at the time and prohibitive prices
we're asked for control The Calumet and
Hecla people intimated that while they
weren't anxious to sell they might con-
quoted figures well above market prices
Since that time Calumet and Hecla has
bought up several or the lake companies
and apparently has determined TO head a
merger OF the lake companies II one Is TO
be formed.
. r,,-,-,.n
io''n'sh.s ounel,l VI 'ne hnl1llcdn
S' ns1oeia'ioi sho"eu prso,lca'E no
sa. ~ III 'ns nunige, VI iu'e eais, tne
nHuIee VIZ VI uate ieoiua,s & anu hisH''
u Noe sn, lnaIh 'ne ehu vi lhe 'enoehcy
"aiu 'ne Increase VI ioIe ears \. any
w Ia'o .nis was 'ne NJ, ,epoI. sihee 'ne ia'ter
psIt o, ast year Which olu not sno" con-
a'Ve in.' eaee u, 'ne sui ip,ue' nna'!sps
~ ~, ne IepoI' stehs'heneu 'nis opihlon' 10,
" ueel .aeo o. Is,ooV u, .oaI anu
soHuo'o 'ais ono au nc'eaee oi ,-'VoV w
10 ety one wv A"y"e 'na' 'nls
nHs oeei an open winter .enulhe 70 SuleU
- +, - III ,-sda a. @" ,nat oI
oiated accordingly that the report showed
an improvement in generaltrade conditions !
Ne" iaus ~ "oeet he' nol oee.
poe'to ioo'oi VI w. uau0 loi eo'efai
,no ~ 80 ~, " .,en Vpeia'ns III
go. ''',n -'." 10 10 na' ,ue oveu unioi /
- WaN. 70 I on 'nI s.ouuu s
nooi, a. -Ne" ioIA 70 on 'ne sIounu nooI III
S'oNNS, nnu ho epe"u'a'oi Ioieo " uo ior
away from the sources Of original informa- |
ton But in the houses with important
Chicago connections there was keen inter.
est Yesterday IN the continued ACTIVITY OF
ina hlcago Wheat pi. ana mucn tranins OF
d suossdntial hnu. May Nheae sou up 10
sile' 'hlcAso price, ne" high recoru lot
the movement ana ouered good gamble
on the proposition as to whether or not the |
higb nrioe .could he maintained IN tho face
~ advsrsa business conditions in soyar.I
VI su'eiso BUSINESS .onuI,'on' w several
trades. Not since the Letter corner has
" heat sold so high and the price IL a strong
termination TO those who believe that wheat
n.nno, ha sncoossfuIIy oornarsd M, p
a. Rs hod n,ore success IN rho.t orae.