The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-23
EASTERN MARKET is
BACKING AND FILLING

James A. Pollock & Co. bankers and
brokers'. furnish the following. received
over their private wire yesterday after
. Paine. Webber & Co Letter. Boston
{ q; "A, today reduced the price of con
per from lSc TO l22c. This did not stimn
stocks are pretty well liquidated To
days market was slightly roacfionary
after the little squirt which we had YES.
eeraay. we still believe the coppers are
The New York market sold off slightly
under profit taking. On any further de-
cLtnes, buy them, taking advantage OF
,nese pulges TO sell out on. as this mar.
rI,,a - GnuS packing and filling for the
Logan & Bryan Stock Letter New
iork-Despite the fact that the response
Increased outside inquiry for stocks was
oh,y moderate. prices for the most part
fheld steady at slight recessions under
last nights close. Some selling of the
metal STOCKS, particularly copper and
smelter, took place in view of the reports
to the effect that one OF the large lake
producers had reduced its asking price
Tor Tor copper metal !c, but this in Itself
as the conditions surrounding the metal
market is concerned. as recent sales have
been conducted around l2gmigYc. AS ex-
pressed p,s,,,. IN our recent advices, conditions
sustained upward movement in the stock
market at this time. but. of course, ef
1orts may be made 10 force the greater
tracts, as liquidation OF late has been
rather moderate The trading attitude
still seems TO be the better policy and
sa1eguards In the way OF stop orders If
lon against adverse influences
fornolower & Weeks Letter. Bos-
ton-Copper shares were inclined to sag
today. although there was no pressure
ms l1n
TO be good. but rather limited. Traders
did little either way. as they were rather
IN IN Guandary as TO which side TO take
The feeling still remains conservatiyely
bullish. but the changes arc so irregular
that IL is hard TO start any enthusiasm
changes for the day were only fractional
elther way, and the closing was steady,
with u light demand
. New York Sun-The ma rket was rather
firm in its undcrtone during the greater
part Of the session and In the early part
9t the afternoon manifested some Ten
1encies to rise again. Probably business
was almost exclusively professional as
u has been In most sessions Of late. and
,,or this reason it is hardly worth while
iclopments to the price movement other
WISE Than to the extent just anticipated.
inc Reading comDanys annual report
appeared TO furnish some explanation for
nc strength OF Reading shares. although
4 the profit of Sl152 .0+s on the sale of
Lehieh Valley stock had not been in
,ludcd in the income account the earn
ngs Tor dividends would have shown very
title Increase for the year. The report
was especially interesting in its animad-
versions on the interstate commerce COM
requirement OF capitalization Of
paid for out OF earnines II
S obvious that this procedure is pre-
'isely that which shippers arc trying TO
lccuse the railroads Of resporting to- for
he purpose OF establishing basis for
ate increases. AS bearing upon the
money outlook. the advices from the other
side as 10 the attitude OF British bankers
n the cotton bill of lading controversy
sere. OF course. OF great Importance. II |
nay be thought that the cash decline |
q the interior which hanks in this city |
ire sustaining. has less relation to this |
than has been made to ap- |
year and more than the huge and un- |
contracted loan account which the banks !
II the country are still showing