The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-15
MARKET FAILED TO
HOLD STRONG LEAD

James A. Pollock Co, bankers and
| brokers, furnish the following. received
over their private wire yesterday after
noon:
Paine. Wehber & Co. letter, Boston, -
The small amount of buying which ad
vanced the market yesterday failed &c
have any effect today. and during mos,
of the session the entire list looked
tired There was no news TO stir ul
business, and floor traders were allowed
10 make prices at Will In the locaI
market coppers had a sagging tendency;
Greene Cananea, Indiana, Isle Royale all
being fractionally lower. Giroux was the
only strong spot. advancing on scat
tered sales.
Logan 6 BRYAN stock ,ha letter. nnHa Nsy rS
movement which was started yester-
day. took place during the frst hour
today but thereafter. realizing was In
progress. and in the last hour general
recessions took place which carried
prices In a great many instances slight
ly below last nights levels Market
wise, there was very little news oil I'M
portance.. but sentiment IN view OF e. sne
optimistic. The demand today from
commission houses was not very large
and the trading, as has been the ease
for some time. was mostly OF pro-
fessional character. Several large oper-
ators who of late have been actively en-
gagged on the long side, today realized
on part of their lines. and the market
did not show o disposition 10 absorb
such offerings as was at first anticipated.
The opinion was expressed that recent
Developments would tend TO eliminate
politics as an immediate market factor
but such apparently has not been the
case as news OF that character from all
quarters Is being closely scanned. The
result of the Republican state conVen.
tion at Sara toga on September ~ VIII
undoubtedly be awaited with much inter-
est and serve to give much better idea
nf hn- NAV % GYnnrteH
than anything which has yet transpired
The short interest mas been reduced
ma te rally by recent operations, In Iact'
a greater part of buying has been attrio-
uted 10 that source. so 1t will readily be
perceived In the absence OF an aGSress-
I've outside interest that the up%ard
swings can hardly be expected 10 hold.
However, moderate purchases on the de-
cllnes. when properly safeguarded, should
prove profitable so long as the list shows
a disposition to fluctuate within compar-
a,iyely narrow limits
Gallagher says; Continued activity and
strength shown In the curb stocks. In
the coppers, Giroux. Chino, NJ; v. and
Ely Central the most active. In indus
trial list. United States Light, Heat ana
American Tobacco strong Market look
ing better all around,
Hornblower letter. Boston.-Copper
share reaction was small today In SYM
pahty with the weakness In New YORK.
There was no pressure TO sell ana otier-
recession was good The feeling still re-
mains bullish, and good Judges are ad-
vising buying on all weak days expecting
a gradual but steady improvement In
prices. The close was steady but dull
New York Sun.-After strong and
active first hour, when the level OF prices
was advanced substantially over last
nights close, the stock market developed
lrregularlty. under influence
Of traders profit-taking sales. presuma-
bly, as we'll as of carefully conducted
iouidation Of more important origin. 1t
Is supposed that the buyers OF this week
are not the buyers who took stocks
around the lower figures two OF three
weeks ago. However. enough speculative
interest in bullish prospects has been
aroused 10 permit the market TO absorb |
some stocks, and the tone OF the list in
he early part of the afternoon was firm
with business contracted on the recessions |
which had taken place.