The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-11-24
WHOLE COPPER LIST
WAS RATHER QUIET

James s. Pollock & Co. bankers and
brokers furnish tine following. received
over their private wire YESTERDAY aitef-
noon
Paine. Webber & Co. letter, Boston
The whole copper list WAS comparatively
uuict today but plans are being worked
out which vii! eventually pat the copper
industry on tho same high plare as the
steel Industry. Trouble in Mexico and
poss ible damage To the copper proper
iies In that section was Responsible Tor
selling in United States Smelling and
Greene Cansnea The liquidation was
not very heavy and the reaction was
small Toward the close good buying
came IN ON Algomah and Massachusetts.
We see no reason 10 expect anything
but higher prices and continue TO advise
conservative purchases al around pres
ent levels.
Logan & Bryan stock letter, New York
The stock market today was rather
semi affair. owing TO the fact
thai great many traders die not. desire
80 make new commitments over Thurs
lay The speech lal night of Mr..
Knapp. chairman Of the l. Z. G: was
well received bolh mere and abroad.
Jlowcvcr. the Mexican situation has
hren cf such ~ nature that many inycs-
tors are somewhat inclined 10 wait de-
Neiopments. IN market of specia,ties.
such as We have observed, brokers have
not bccn justified In advising their Gus
toners to assume an aggressive atti-
tude one side or the other. We re- TIL
CT lruk Iu!' prOIcSSIondl market lDc
'ime being. and would suggest taking
profjts whenever in sight with view OF
buying bacl. when general conditions arc
more favorable 10 IL broad market. The
banking interests have the situation well
in hand. The government report to be
ISSUED Friday as 10 values Of exports and
imports will show some improvement as
compared 10 year ago and with the
basic cond1t ions gradually assuming. II
more encouraging condition. II may re-
feet more cheerful attitude to those
interested on constructive Side OF the
market. II is expected at an carly date
that announcement will be made that
I.ehiSh Valley Will be listed on New
York stock exchange.
Hornblowcr letter. Boston.-There was
very little doing In the Boston market
today With the exception OF what ap-
pearcd TO be raid against L. S. Smelt-
ing stocks which weakened over two
points. The balance OF the list was
dull and changes ranged within a point
either way, Traders evened up a good
many contracts. There was Some good
buying on tho weakness In north Butte
and this stock is talked for much higher
prIces. Sentiment Is bulish and il is
believed that purchases made on reccs-
slons VIII prove profitable. The close
was steady.
New York sun.-After steady open
ing today. stocks were advanced in a
Long period of dullness and presented a
strong appearance in the early part oil
the afternoon The couspcuously Wig
oorous features were General Electric
Westinghouse. but their movement.
failed 10 inspire the copper metal group
In which American Smelling. Utah Cop.
rcr and Tennessee Copper were heavy
Stocks hardened further in the after
noon. the>leaders rising n point or more
from bottom figures. and selling in Tho
late dealings around the high prices oi
the day There MAS some slight in
crease of activity and the tone OF ma r.
ket was obviously strong
Gallagher says Business very dull al
the curb today with prices showing ten.
dency towards lower levels up 10 ucsi
the close. Activity and strength which
developed at the close was confired Il
Chino, Ray Consolidat ted and Inspiration
fonopah. Tintics and industria1s quiet
Mays OIL weak on Toronto selling. Sill
YER stocks steady. No special news.