The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-24
UNEASY FEELING STILL
ON EASTERN BOARDS

James A. Pollock & Co, bankers ana
brokers, furnish the following received
over their private wire yesterday AFTER
noon:
Paine, Webber & Co. Letter. Boston,
An interview with Commissioner Lane %.
tho rate commission was cons,rueo 70 pd
bcarish on thc market this morning. ana
for the first hour prices ran on SnarPly.
In the late session. however. inc puy,hs
was much better and the result Oh @ u,e
changed In the local market, inc cop
pers wcro slightly weaker. indiana losing
1, points ON tho sale Of 100 shares, ana
North Butte being off a fraction we pc
lieve firmly in the future OF the Lnafket
and advise accumulation Of lines oil STOCK
at this level.
York.-The market again failed TO dls,
play a decided tendency. There appeared
10 be consderab bic AmalGamate ted for sale.
presumably on fears that the next cop
per producers, report would not he as
favorable as expected and also In view
OF the unsteady tone of the metal IN
actively absorbed, accompanied by. talk
TO the effect that strong financial inter,
ests would soon enter the directorate: ana
also that reports that plans for suoway
extension would be approved shortly. Inc
Interborough Rapid Transit, controlled Dy
the foregoing company. earned during its
last fiscal year about Is per cent on us
stock which in itself Is indicative OF the
profitablcness OF subway operations Lon
don was weaker and sold stocks quite
freely during the early trading on the
reported developments at the freight rate
hearing in Chicago, and great many
operators who have been working on the
long side reduced lines, The pressure,
however: was we'll taken and the list
easily oyersod on the decline, Litue
significance was attached to the acnon
Of Reading. in view Of the he scarcity :. TO OF
but a the same time, II had the effect
OF stcmming the tide OF selling IN other
quarters. The market will probably be
I'll the results OF the Republican state
convention are known.
Iiornbower Letter. Boston.-Price con-
ditions in the Boston copper share mar
ket today were only fractional and ir
regular, The demand was limited and
the interest in most of the list was rather
dead. However the buying was quit,
little either way, All the enthusiasm
seemed TO be conferred In the industrial
list Shoe Machinery and Telephone
good in both cases, and the closing in this
group was at about the best of the day.
Gallagher says: Market strong today,
with Chino the feature; stock selling up
: on good buying. At the close schefte!s
bought Jumbo Extension UP 10 80. In the
industrial list. United States Lisht and
Heat strong.
New York Sun. For while this morn
ing the stock market was generally de-
pressed by selling which represented not
only the effect OF supplies furnished on
the mid week strength. executed on the
Minnesota rate findings, but which was
further stimulated by the opinions ex-
pressed by Interstate Commerce Commits
sloner Lane in yesterdays rate hearing
at Chicago. Apart from fresh outburst
OF animated strength In the Interborough
Metropolitan securities OF all kinds, the
most striking feature Of price movement
was the rise In Reading, This issue con-
stituted practically 25 per cent OF the
whole market up TO the early par, of the
afternoon. For many days past hints
have been circulated in the speculative
district about pending rise IN Reading
which was to have a legitimate basis in
developments affecting the shares. There
was suggestion today OF q ripening
melon in the annual report OF Central
Railway Of New Jersey, which showed
more than 33 per cent earned on the
capital stock. The majority OF 1t is owned
py the Reading company. The assump-
tion that Reading is in position 10 be
ocnehted in some way is not by any
means preposterous, but would hardly
seem TO be the most propitious season
Tor advertising The company's prosperity.
The striking fact did not escape notice
that the rest OF the market was very
slow in responding to the leadership Of
Reading Union Pacific and Steel. the
other recognized leaders OF the list being
especially sluggish,