The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-11-26
COPPER MERGER NEWS
is QUITE PREVALENT

James A. Pollock Co, bankers and
brokers. furnish the following. received
over their private wire yesterday after
Paine Webber & Co letter. Boston
Owing 10 the holiday yesterday and the
half holiday tomorrow. business was de-
orders were on the buying side hut their
volume was not large enough to make
any general change in prices. Rumors
arc sprinSing up again Of renewed efforts
toward copper combination. and there
is no question but what work Is being
done which will finally show results. The
metal market remains the same and there
VIII probably be no change until after
We believe in the bull side OF the market
and would hold all long stocks for higher
prices.
Logan & Bryan stock letter. New York
Tho next thing Of interest to business
and speculative interests Will be the pres
idcnt's message. now in process OF prep
aration. This Is expected TO show some
bearing on the tariff and financial issues
which Will reflect the adminisira toms at
litude toward business. While the COM
inc congress conycning next month and
adIourning by the time limit I'm March
VIII hardly be able TO handle ANYTHING
outside of appropriations. yet the atti-
tnde OF The administration at such times
as this will go q long way toward restor-
ing such business confidence as becomes
necessary to starting q campaign OF ac-
tivity in the stock market. The feature
or todays session was the lack OF pres
sure OF stocks for sale. especially on the
weak spots. The market has been in a
rut and some change is expected next
week. The holiday just passed has In
terfcred more or less with the volume of
trade and what activity was manifested
was confined chiefly TO Union Pacific and
Steel, the attendance in the brokers Of
fees being very small.
Hornblower letter Boston-Therc was
very little doing in coppers today and
changes were only fractional either way
Trading for the moment seems to he a,
staDdslill. Traders are not inclined to
do anything in the market and are await
ing more definite trend in the New
long pull and best judges advise buy
ing on all weak spots. Close was steady
but very dull.
Gala CHER says Ray Consolidated
features at the opening today; balance
OF list steady; business dull In the af-
Iernoon Ely Central sold up TO &c. about
600 shares changing hands. Brokers
who formerly acted Tor B. r. Schcftcls
were the principal buyers, Tonopah. OH
and TiniicS quiet Cbiro closed about
one-half point off from highest and In
spiration al highest of the day
New York Sun--l'or a half hour this
morning there was post st-holiday bull
movement. in which prices were advanced
a half point or more above Wednesdays
close. Stocks appeared scarce on the
rise. but around the top figures there
was more adequate supply Suspicion
that great increase in outside business
had accumulated during the recess was
not general After the first half hour
nnOl wcll In the afternoon stocks steadily
diminished in activity and prices fell
away until they showed an irregular
range around Wednesdays final figures.
with changes OF slight fractions only and
the three leaders Reading. Union Pa
cinc and Stce, all on the decline. Cen
eral Electric was bid up sharply but
rose very little above Wednesdays high
figure.