The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-05
MARKETS EAST JUST
DRIFTING AT PRESENT

James A. Pollock & Co, bankers and
brokers, furnish the following. received
over their private wire yesterday AFTER
noon:
Logan & Bryan. New Yorll-Tbc stock
market gave quite a good account OF
Itself. considering the nervousness dis
OF congress did not exert a marked In
fiuencc, neither did tho occurrence in
connection with member OF the stan
ley Investigating committee, nor the ef-
forts on the part OF Independent tobacco
interests TO contest the American To-
bncco company's dlslntcgrating plan The
the directors OF the Standard OIL com
pany az New Jersey. and especially the
resignation Of John n. Rockefeller. only
caused passing comment, as such action
company's dissolution plan
The street will probably be quito in
terestcd IN the pTe9idcnif5 10 hniiIsIed mGssssSi
tomorrow, and also the report OF the
Hadlcy committee, whjcn VIII deal Win
the varioue methods employed In con,
nectIon with organizing corporations and
Issuing securities. In regard TO the lat-
ter, We are given to understand That The
reports In connection with the railroads
VIII be on the whole friendly, but criti-
csms AS 10 the industrial corporation
methods are anticipated. The foreign
situation Is not all that could be de-
roclSoned as disturbing influence How
ever It will be the part OF wisdom TO
scan the ncws carefully, AS a resumption
OF foreign liquidation OF American Is
ket Money was somewhat easier, but
it is only reasonable 70 expect tnat
greater firmness will be witnessed dur
ine December than during the previous
months. owing 10 the large loss OF sold
and TO the fact that interior funds are
not likely TO find their way to this con-
ter In large volume until after the TURN
We continue to believe that tho buy
ing sido the occasional down turns
presents the greatest attraction, but OF
course during this uncertain period 1t
may be we'll TO safeguard commitments,
as the iockeying for political advantages,
which Is likely TO be the order OF things
in congress for quite "A period; VIII no
doubt exert a restraining influence on
not only commerce and industry, but also
on the security market,
continued active and strong again TO-
day. with Hancock, Live Oak and North
Butte the leaders. North Butte opened
strong at nj pmi ba, snSfHd nS ry all
was steadily bought all, day and closed
at so, advance Of points The re-
cent strike at the mine is developing ia :
yorably and It's extent Is not yet known,
but sufficient progress has been made
to assure the mana aSement OF itS great
value. One house connected with the
biggest buyer OF Live Oak and 40 is the
value named for 1t II the proposed con :
soldation of Miami and Inspiration Is
completed. The metal market continues
strong and tho activity and strength IN
the coppers should spread to the rest oi
the list In few days. The reduction OF
tho Copper Range dividend TO 90 cents
was we'll received and showed the erect
had been discounted With uncertainty
ont OF the way, we expect to see a. rally
OF several points In Copper Range.
Hayden. Stone & Co. Boston-The al
ternoon session OF tho Boston snare mar
ket has developed little interest, Han
cock and Live Oak continue 10 be tho
features Range rallied a point TO 81 on
the announcement OF the quarterly dlVi-
dend of 90 cents A snare, the same nav
ing apparently been discounted, Under
tone continues firm. Trading very dull.
Gallagher. New York-On the curb the
coppers were firm but dull. The indus
trials were active and strong. Woolworth
common was a feature, selling up 10 so.
There was quite a little buying OF Jim
Butler between % and so, AZ the open
inc traders offered Goldheld Florence
down 20 n&- with no sales.