The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-17
BULL COPPER SHARE
MARKET TO CONTINUE

James \. Pollock &: Co. bankers and
brokers, furnish the following. received
over their private wire yesterday after
noon:
Paine. webber ,& Co. Bos,on.-I.ocaI
copDers were boiling again today. North
Butte being the leader on big buying by
insiders, and 1t closed up . points. Pa.
c.. G.. and GirouX were both active and
strong. The outlook for coppcrs was
never better and this bull maric, IS here
70 stay. We advise picking up Range.
shannon. East Butte, Lake, North Butte.
Oak, Old Dominion, Old Colony, and
Logan G. Bryan. New York-For a
short session the stock market gave a
very. good account Of itself. and while
Steel, Union Pacific and Lehigh Valley,
also Reading, were by far the leaders in
point of activity, still the general list
shared in the advance and as the week
closes sentiment in nearly all quarters
is decidedly cheerful
1t is quite true that soodly portion
Of the trading during the past week has
been for the account of professional ele
ment. but. in addition, the buying OF tho
standard issues. notably steel. Union and
Reading, has been decidedly impressive
and although seemingly mod
amount OF distribution has been conduct
cations Of the upward movement hav-
ing eliminated. or course. in view OF
the sharp advances, there Will doubtless
DC witnessed between now and the year
the past few weeks, owing primarily tc
the contraction OF the short interest but
we still believe that advantage should
be taken OF the downturns 10 make
purchases,
II is not unlikely that money rates viii
harden apprectably as soon as the prep
arations for the ycar-end disbursements
are fully under way, which may be re
nccted by some profit taking In the stocl
market. but today's bank statement wa.
n satisfactory exhibit and denoted thai
interior funds have been attracted 10 thi:
center by the higher rates which OF late
| have prevailed,
Advices as 10 the state OF trade dc
note that the approach OF inventory
periods is having the influence OF caus
| ing quiet in certain lines and. too col
| lections are reported as being fair tC
slow, In the steel and iron industry
| however. also copper. more cheerful
companies engaged in those industries
| have booked sufficient orders for thci
products to warrant the pursuing of
policy OF advancing prices on FINISHED
me- tcrlal The steel and iron industry u
regarded by many as a rather true ba
rometer of not only Immediate bui als'
prospective trade conditions. which &C
counts for tho more cheerful Scntimen
| IL is generally realized that Decembe
| Invariably marks an appreciation in quot
ed security values for inventory and othe
purposes. and. therefore. a long rang
view OF the outlook for the stock mar
l;et should not he entirely based on th'
conclusions which must be drawn from
/ the present course OF prices.
Gallagher New York.-Coppers vel
supported and steady. Good buying IL
! GirouN, the stock advanced TO 4 9-l6
American Tobacco and United Ciga
Stores were steady on the curb, bu, Brit
| ish American broke from iIa to II oil
reported heavy selling. evidently from th'
inside. Hollnger again feature. sell
ing up TO 10. Toronto the principa
| buyer.