The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-11-08
Year 1910.
TALENT DISLIkES TO
ASSUME BEAR SIDE

James A. Pollock & Co, bankers and
brokers. furnish the following, received
over their private wire yesterday after
noon:
Paine. Weber &; Co. letter. Boston
The local market was fairly active in
certain spccsltIes today. East Butte in
particular Was traded in heavily up TO
1oa. The present showing at the prop
erty is the best I'm the history of the
company and insiders arc accommodating
the stock. CRANKY was another specially
showing sharp advance. but no news
was given on II. North Butte and Range
showed no change. II election results are
favorable tomorrow we should have a
further rally this week.
Logan & Bryan stock letter New Yorl,
Election news was the chief topic of
discussion during today's session, and the
tenor OF same was apparently construed
as favorable by the street. but the gen
eral disposition seemed to be to tighten
accounts rather than to extend same over
election. On the recession good sup
port was forthcoming and sentiment on
the whole seemed TO be rather cheerful.
but professional operations. as has been
the case for some time, dominated the
action OF the market. The decision OF
uphoidpg the increases In freight rates
by roads operating In the southeas stern
section of the country WIS perhaps the
most favorable development over sun
that increases are likely to be granted
elsewhere when justified. Uufavorable
comment was heard With regard 10 the
showing as indicated by Saturdays bank
statement but the roturn of funds from
tho interior is expected to start earlier
than usual this year, The copper pro-
ducers' report did not reveal the shrink
age In the stocks on hand as anticpat ed.
but II nevertheless displayed a tendency
In the proper direction,
New York Sun says-Presumably a
process Of evening up commitments went
on In the stock market today. Probably
II the secret expectations of spcculatvc G
community could he made a matter
Of record. they would be found to con-
tain about 90 per cent of belief that a
more or less pronounced rise In socuri-
ties prices would follow the election.
However this may be. today's session
was for the most part not particularly
with which the major bullish operators
maintained their position. Cnauestiona-
bly, some long stock came out because
Of uncertainties contingent to election.
amount OF short covering, which helped
to effect this selling. but ON the whole
neither the long accounts nor the short
interest manifested much disposition 10
Gallagher eays--Business dull. Market
in general strong. American Tobacco the
feature OF the iudustrlsls "6b shares
changing hands between +5o and 4H. In
the copper stocks Ray Central. Greene
Csnanea, Chino and Nevada Utah were
the most active. Ray Consolidated and
Rights steady. Tonopah and oil stocks
quiet
Horn blower letter. Boston --Coppers
we're strong but rather inactive during
most Of the day. Cranky was the leader
today, with an advance OF points for
the day ON a rumor that there would DO
a dividend disbursement little later
on. East Butte also was well bought
The balance Of tho list showed fractional
gains for the day. The buying, although
rather limited was considered good
There was little profit taking hv those
who did not wish to carry stocks over
election. Sentiment Is hullish and good
Judges believe ne will stNl sec better
level nj rriCes after election.