The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-13
RATHER BULLlSH in
THE EASTERN CENTERS

brokers. furnish the following, received
over their private wire yesterday after
noon.
Paine. Webber &s Co, Letter. Boston
Every day there are moro evidences OF
the beginning OF bull market In cop
and the amount OF stocks Tor sale Is
small. Copper Range advanced TWO points
on The purchase OF 200 shares. North
Butte rallied two points further and
closed at the top Local traders ere
taking all the Hancock they can find. Buy
coppers and buy them now for good
Logan & Bryan Stock Letter. New
York.-Aside from The pressure OF Smell
tors the general list displayed consld-
cradle strength throughout today's ses-
sional character and that element was
Inclined TO be rather pessimistio, but In
the absence OF heavy selling reversed
their position and caused a higher range
Of prices TO prevail. Specially move
ments were more prominent than here
tofore and were conducted without meet
ing much resistance on the advances, The
fact that the list Is responding easily
TO the moderate professional demand
served the purpose OF committing great
many to the long side. but the action of
the list under realizing sales still remains
to be seen, AS expressed recently We
don't feel especially pessmistic with re
gard TO quoted security values. but at the
same time fail 10 see the wisdom OF
lahlug nOlu OF the long SIDE deSreSSlNeIN
under prevailing conditions. The market
seems more than likely to fluctuate with
In limited area pending something OF
character, which may stimulate activity
In either direction and meanwhile It
would seem to be policy to continue 10
hghten accounts on the advances and
wait for moderate reactions before max
ing. commitments on the long side.
Hornblower Letter. Boston.-Copper
shares were strong and in good demand
during the greater part Of today's scs-
advances H.
out the list Gains ranged from a frac-
ton To two points; The buying was
high prices wenever they had oppor-
tunlty. There was not n great many
stocks offered and outside business was
much better than for some time past
pull but are advising caution In buying
on the strong days. Feeling Is generally
ditions are Improving Close was strong
with fair demand.
=. New York Gallagher says. lnspIra-
ton was again, the feature today on in
side buying and manipulation. sold up 10
8. new high record on this move Con-
solldated Arizona sold up TO q, The bal
ance OF the market was very strong ard
very bare Of stocks. Ohio Copper sold up
TO 2. and the entire market, in my opln-
ion. is a purchase.
New York Sun.-Speculative operations
for the advance Were resumed today in
the stock market with some vigor. They
began in London, where an all around
gain Of a half point or more in the inter
national list was reported before the
opening here. and London followed the
upward movement later by buying about
$1,000 shares Of stocks on balance In evi-
dence of Its acceptance OF the theory that
manipulation for rise is Enthusiastically
under way. Wall street trading public
also took large part In trading, being
by now fairly well persuaded OF the en-
listment of strong interests In favor of
the rallving movement The speculative
community is not at all disposed TO be
too skpetical OF the upturn. for it has in
mind the fact that iust as SPECTATORS
in the market so the market itself gropes
for the end Of n period of adverse funda-
mental conditions and endeavors To dis
count a change for the better in them,
II the stock market is mistaken, relapse
OF course follows. II IL proves to be
right. there Is so much profit in the dis
counting process as TO make the price
tempting.