The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-12
EASTERN STOCKS DULL
BUT HOLDING WELL

James A, Pollock Co.. bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon
Paine, Webber e Co, Letter. Boston
The whole market lapsed into Its old
dullness again today. The New York list
was weak. with a sagging tendency, and
the local coppers lost all snap. The i'm
provement in intrinsic conditions, how
ever. remains unchanged, and we arc
very bullish on the future of the copper
stocks, The tide has turned In tho price
OF the copper metal and this must be re-
hected sooner or later in better showing
In all the stocks. Hancock was espe-
cially we'll bought today. selling at q
and closing at 2l3. Copper Range is In
good demand around &C. Lake and North
Butte were slightly weaker, but the sell
Ing did not amount to anything. We
feel confident of better prices and advise
the purchase OF stocks on all such days
as this.
Logan & Bryan Stock Letter. New
York.-A lack OF outside participation
and the professional character of the
trading tended 10 make today's session
dull and unsnteresting, Declines were
general, with the greatest recession re-
corded in Smelter, on which reports of a
reduction in the dividend at the forth
com Ing meeting continued to be circu-
lated; Some scattered realizing has been
noted In the last few sessions in Peo-
Pies Gas, and 1t is thought that COM
pany will witness some difficulty. and
perhaps have TO reduce Its rate on gas
TO consumers materially when making
its arrangement with the city OF Chica-
go for the next period. On yesterday S
strength, and during the early trading
today. selling OF significant nature was
said to be In progress. In fact, various
market interests which were prominently
Identified on the buying side during the
past ten days Of late have been neutral
and inclined to advise caution. Market
wise, there was not much news OF I'm
yNNF lx,l, Ill.,
ular dividend on Union Pacific failed 10
stimulate the Hartman issues. 1t would
seem that the directors for the most part
have assumed waiting attitude with
market, pending dividend payments OF
character TO stimulate activity in either
direction.
Hornblower Letter, Boston-In sympa-
thy with the weakness In New York,
Boston ooppers weakened from a fraction
to over a point. There was some profit
taking directly after the opening. and
traders sold quite freely. The buying on
no stocks really pressing for sale. On
the declines. the market becomes dull.
and this is considered most favorable
sign. With a turn for better In New
York, 1t is thought higher prices Will be
seen here, and best opinion is that stocks
should be bought on weak days.
New York Sun-Aggressive business
manipulation having ceased or been tenn
sagged during the greater part OF the
session. American Smelling was very
weak to the accompaniment of conjec-
lures as TO the forthcoming dividend
declaration. In general, special price
movements were not noteworthy. The
afternoon market was heavy, with some
rallying toward the close
Curb Letter. New York.-There Is alb
solutely no stock pressing for sale and
insiders can advance price at their pleas
ure. Am very bullish on Inspiration.
The balance OF market steady. and fair
demand for the better class of stocks
Gallagher.