The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-23
MARKET IS No
LONGER DULL
Improved Trade Conditions In
crease Volume Of Business
i'm Wall Street.
COPPER BEING SOLD
IN BIG QUANTITIES
Only Thing Lacking in Wall
Street Is Participation of
the Public.
Leased Wire to The Tribune.

BY Leased Wire to The Tribune.
NEW YORK April 22.-Dullness which
has prevailed in the stock market during
the early part OF April vanished before
improved trade conditions early in the
week and moro activity In trading was
manifested toward the close of the ex-
change Saturday. The early change was
expressed in a sudden rise in daily trans
actions Monday of 1i2, 900 shares TO near
ly 500, 900 on Tuesday. Sales today were
212. .T25, which exceeds the Saturday rec
ord Of some weeks past,
The sharp drop in prices after the rise
Tuesday induced some liquidation on the
part of tired holders. but the volume was
not as large as might naturally have been
dullness. The liquidation and the sur
plus supporting orders that came into
the market. together with the covering
Of short contracts. gave brokers little
more business. which they certainly
needed. In the industrial world the steel
and copper trade, while not active, has
been that of steady business season,
Producers report more inquiry and larger
sales Of electrolytic copper on the lower
price basis prevailing for the last few
days,
Heavy Sale of Copper.
A sale OF five million pounds OF copper
at slightly above 12i cents a pound for
delivery in June was reported one day
during the week.
1t is stated officially that the United
States Steel corporation is operating
about 40 per cent of its capacity at the
present time, which means that about
three furnaces have been banked, The
corporation is shipping steel at the rate
of between 5000 900 and 10, 600, 900 tons
a year, which compares with actual ship
ments OF not much over 10000. 900 tons
In 1910 About A weeks supply of pig
iron is in stock In February and March
the merchant furnaces In western Penn
stocks OF IRON, The steel corporation is
receiving new business at the rate of be-
tween 10000 and $4,000 tons a day.
One of the leading industries OF this
citrus fruits and vegetables. The ship
ments from the West Indies and Central
American countries have been large and
that from California has shown an aver
age good year.
California Fruit Trade.
Over 2000 carloads Of oranges have thus
far this season been sent eastward from
California. The coming year will, how
ever. probably yield larger output be-
cause OF . 900 600 new orange trees which
Will come into bearing during the next
season. together with 100000 new lemon
trees. making a total OF 10000, 900 orange
trees and 100000 lemon trees In the
evurrern California fruit crop.
What is really needed in the business
world Is public participation in the stock
exchange dealings and is the surest road
to this revival of this International trade
and Industrial activity which would give
business sufficient 10 induce the taking
back OF men laid off this year thus en-
larging the number OF active consumers.
and also to resume work Of improvement
and construction abandoned after the
late interstate commerce commissions
decision This would Inspire public con-
ildence in the maintenance of dividends
and Its stimulating influence can hardly
be oVerestimated. II is a true axiom that
when the railroads are prosperous the
country is prosperous. For that reason
everybody Will now hail return of pros
perity to the transportation interests as
a great boon. This will come with time
bur unfortunately it Is not in sight al
the moment. slack trade Is still evil
dent.
Barometer Of Business
Military incidents are frequently an ex-
cellent barometer OF business. and dur
ing the current week more than at any
previous time this season these reflect
Il low ebb of trade and industry. Idle
money is pllng up at all the great CEN.
ters of the country, east and west. and
there is sharp competition to find employ
ment for Ii outside of regular business
channels, where The demand is far below
normal.
Chicago has been Ioaning six months
money here at per cent and buying long
date commercial paper at u per cent
These are unusually cheap rates Gor
western capital at any time, but particu-
larly al this season.