The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-10-24
IN
fRE STOCK MARKET
Ice Movement Is Varied but
Marrow, With Professionals
Sustaining Force.
eEDING OUT STOCKS
FOR PR0FIT-TAKlNG
bilroad, Mining and Smelling
Securities Leaders in Spec
a ulatiye Activity.

iaEEW YORK, Oct. 23.-Ihere were
INV cross-currents in the movement oi
atf .ek quotations today. but none OF them
-. very wide. The tone was unsettlec
n n cor.Iuse ed in consequence. The dorn
o>lnt influence In determining the ATTITUDE
iIt,5 <he professional! traders toward the
-. Irket was the action OF the handful OF
n rtraincnt stocks which have bcen the
"A rflers OF the market throughout the
h.lAner In these u was rather obvious
te ut the price movement vas restTalIisc
H. y lencounteriag orders opposed 10 inc
n -gement before IL had run far. Al aj-
~ nee IN the price attracted selling pres
ur[e, while any recession Drought II, ouy-
e'St orders sufficient TO check rhc decline:
sar~e selling DEVELOPED each tiTnf IT aboUt
os price where dealings yesterday 1ei'
!, Yuch u movement suggests IaeqinS ont
ma stock to take profts. with careful sup
: UT asserted when the scluEs makes an
~ preston on the price. IL was pst'' =.
a. ,ly notable in the Hartman Pacihcs. sS
sr nj. the two H!ll railroads and Reading;
~. WAS the cause OF the final decline ana
,Tyak closing. At the same time there
sIB sone positive strength shown at oth-
20 points which served lie a SUSTAINING
';s,ce against the current o. proht-takiag
~ 1e copper industrials were prominent
= itance. This group, including. the min
. < and smelling stocks was helped by
tnews from the copper metal market
nt}ces were advanced again at the New
81 rk metal exchange, and II was reported
c-it something Ike excitement whs be-
Ming 10 be shown In tee buying ty
tsunlers Of copper. IN american Sugar
Ia there was the effect OF trade dcve!-
rnents. grades OF refined sugar having
en 81 the quotation
lrltyntted States Steel. while moving mod
. tltely. touched the high pric, OF the
N at 4SA. on September S, the day
aripyc the last quarterly dividend was de-
& sstfeo. the STOCK touched the same 'iuo-
Ion. The quarterly report OF the "o'v
:, alton Is 10 be pubiisned mex; Tu. soay,
~ tho speculation ts inclined to assume
n favora Bile showing as TO earnings and
p1filel orders on hand. Reports OF in
~ ided purche ses OF equipment hy rsN-
FlAH companies are In favor OF the steel
Sinks also. An advnuca ia traction
u Elfes was attributed u rhe result OF the
sEetlon In Cleveland against tho thyee-
iH4f fare franchise, as Az Indication OF
I u drift OF puS,ic sentiment on The cues
tA II OF restrictions OF ptLii2 Utilities cor
stale.
5 announcement that hearings Will be be
1 next month IN the government suit
/, -Rnnui the merger OF the railroads under
I. <fFimen control served as a reminder
~ y. Buch suit. which loomed large at one
lie in the speculative view, but which
~ long been lost sight OF. The weeks
~ prts showed a heavy movement OF
= = In. wheat. with -four, 6,127,s25 bushels.
4, Inst ..:5Ss27 last week. while there
/. II jump IN corn exports TO 2s4.4I
sV~onds were arm Total sales. par value,
$4,000.
c1snited States twos, registered, declined
nzer cent on coll,