Weekly journal-miner., 1917-05-09
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 Furnished by F Coleman Brokerage Company. +
 Mining Stocks. f
Stock Letter.

NEW YORK. May 7.-The over Sunday news dealing with the Russian situation of which there still appears to be much concern. took on a more i favorable aspect with the result that that some of the active sellers of last week were more disposed to retire commitments and reinstate in some instances long holdings. Prices con sequently in most quarters displayed hardening tendencies.
 Readjusting tendencies are expected 10 continue in the market which we think meets better absorption and re- fleets liquidation. The short selling is large and the indications suggest oversold rallies at times Stocks showing substantial margins of safety over dividend requirements should present good buying opportunities for turns when weak The rumored Hollweg speech in Berlin tomorrow is being eagerly awaited. If the govern ment crop report Tuesday is as favor able as expected, recoveries are likely in the stock market Good buying is reported in American Can. Invest l ment absorption is found in N. & w. | At present large buying orders are reported in Cruciblc. Foreign liqui- dation is noted in \. P. and Atchison.
 Copper Letter.
 The whole situation is gradually | fighting itself. Big sales of copper arc now being made at 2S1H to 30 cents for the third quarter. Steel earnings are bigger than ever. Liqui- dation in the rails is coming from abroad and from millionaires who arc investing in the new government bonds to reduce their income taxes.
 Some of the big sellers are asking 2oIz to 30 cents a pound for third quarter copper compared with % cents at close of last week.
 East Butte's April production oi 2,0S1 ,0SO pounds of copper was the largest for any month since July, 1915.
 Wall Street has reached the opinion that it will be wise to act with pru- dence. The present condition is re- garded as temporary and due largely to moderate fright
 Butte wires strike in crosscut in Emma ground of Anaconda of excel lent character.
 Copper strong market. bare of spot stuff, which is held at 3l1lc. late May 3lc, July soc. Tin firm, 5S15c. Lead lOc. Spelter 9IIc, Anthony 32c. Platinum S1O0 Quicksilver soc.
 Summary.
 Acreage of corn, oats and potatoes , n United States breaks all records. Railroad freight rate hearings be gan today at Washington. Secretary McAdoo appeals to Am ,rican public to hasten subscriptions O Liberty Loan.
 Roosevelt has enlisted army of lS0,- 100 men ready to go to Western front. Reichstag votes to curtail kaiser's I power in army and navy. r Illinois Central earned Sl450 Q Y ;harc on stock in 1916 against S.3o c n 1915.
 The Russian disturbance has be- .ome a factor in the market. It as umes a serious phase because of the r possible prolongation of the war and he increased necessity for money md men from the United States.
 Many of the larger interests in Wall Street are quietly picking up ,ood stocks to hold for an indefinite |" ,eriod. Russians ask Allies for pledge of no conquest" r Hungarians determined to win ' ,allot ', We will be able to feed the world he United States food board says. II Daniels thinks U-boat problem may i' e solved. Secretary says no facts an be given to the public now. Liberty Loan total nearing half i' illion. McAdoo says bonds will be old on easy terms to the public. T It has been definitely decided that b .merican troops will go to France. o There seems to be some export de- r' land for wheat from the Allies. D Cablegram from Petrograd says, everything orderly and quiet" pi \ dispatch from Berlin says that VI lpture between Bolivia and Germany al as been officially announced. J'
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