The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-01-05
BLjLLISH TURN MAY
NOT BE PERMANENT

James A. Pollock G. Co., bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon
Paine. Webber & Co. letter, Boston
Trades during the early hours showed a
continuance OF Yesterdays confidence.
but In the late dealings the demand for
stocks ceased and scattered selling de-
pressed prices all through the local list
The Calumet & Hecla consolidation
Is still creating considerable thought and
the stockholders of the subsidiary COM
panies have not yet made up their minds
as 10 the best course TO pursue. No ef
fort Is being made toward manipulation
In any Of the stocks, and the market in
all OF them is practically hare of offer
inEs, Copper Range was unusually strong
today and this property is daily gaining
friends as the result of the failure and
uncertainty regarding several OF the other
coDpers.
Logan Bryan stock letter New York
Although operations for the advance
were conducted extensively during the
greater part OF today's session. ii was no
tceable nevertheless that offerings
showed disposition to increase as higher
levels were attained. The increase in
the outside inquiry hardly met eXpecta-
tions and professionals dominated the ac-
tion OF the market. Demand money rates
were relatively easy in the forenoon and
later became firm. but the tendency OF
same did not influence sentiment Lon
don was reported as being a moderate
seller throughout the session, which
io'h'I iluital'u llldl lDTSJSD inquiry LOT
our securities has not been a factor in
connection with the recent upturn. The
opinion is expressed in good circles that
the conservative element is not In favor
OF bullish demonstration at this period
particularly as marked expansion on the
loan account would do much towards
multiplying the good effects OF the adjust
ment now in progress In the banking sit
uaIon. II the foregoing is true, il is not
unlikely that the advancing tendencies
displayed of late will be OF short dura-
tion. especially as during the next few
weeks various matters OF prime import
ance will receive greater consideration
than heretofore,
Gallagher. New York says: Today's
market opened and held strong through
Nevada Hills sold UP 10 Y on Philadel-
phia buying In the silver stocks Nc
kinley was the strong feature, selling at
TIC
Hornblower letter, Boston-The Boston
copper market had n strong undertone
today and although trading was on a Inn
tied scale. prices showed fractional
gains. There was some hesitancy shown
when tho New York market halted. but
there were no stocks pressing for sale
Sentiment is bul1ish and il is the belief
that purchases made on soft spots will
return good profits, although the inn
provemcnt will he gradual, Close was
steady, with a fair demand.
New York Sun: There was q little ir
regularity in the general trend of prices
Steel was the active leader and It's course
was regarded with much interest because
of the announcement of the resignation
of their president. Stocks sold off during
the last hour. The recession was not
accompanied by amy very active selling
and seemed 10 be little more than the
consequence OF the fairly large supply
OF stocks furnished In the previous
hours.