The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-08
COPPER MARKET Is
VERY DULL AFFAIR

James a. Pollock & Co.. bankers and
brokers, furnish the following received
Paine. Wehbcr & Co.-The Boston
market was very dull aud uninterest-
ing today, prices remaining practically
unchanged. There Is no pressure 10 sell
stocks, and We think when activity
commences il viii be on the up side.
Would take advantage of this dulness
to take on a few OF tho better class
rise, The New York market opened
steady With the bears trying to bring
about A reaction. This was unsuccess-
rul, stocks being readily taken some
scoring fair advances. This market Is
simply a trading affair. and would only
buy them on quick drives, being salts
fed with small profits,
Logan & Bryan, New 1ork-While
price movements during todsy's session
were rather irregular, stil the undertonc
was quite steady and the disposition Was
TO even Zip accounts until the results
of Democratic caucus on the money
trust inquiry question had been definitely
decided. IL appeared 10 bc tho consen
sus OF opinion that the whole matter
would be referred TO the banking and
currency commission, and in this way
the Inquiry be conducted along such
lines as would not have a disturbing
influence on f1nance and enterprise. OF
course. the point has been raised that
IL there Is no money trust why should
investigation be feared. but when II is
borne In mind that Investigations nova
days are more often conducted with Il
view OF securing political advantage than
economic bett erment il is strongly real
lied that tinkering with vital AN
organ as our financial fabric should he
conducted without the customary bsrs
of trmnpets. According Ia our Wash
ington advices and as Indicated In dis
patches today, the opinion is entertained
in good quarters that the conservative
element will dominate lhe assembIage to-
night. and If such should prove to be
the case, 81 Is not improbable that 4
decided improvement. I'm sentiment will
be recorded and that the security markc,
Will respond To the better feeling
The buying Of Steel today, especially
I'm the afternoon, WAS quite impressive
and In addition quite few specialties
such as Texas Oil, We're buoyant In
connection with the latter, tho buying
on tho recent advance in petroleum. and
IL is said that the company OF lale has
greatly strengthened its position from
not only a financial but also an earning
speaking. has not altered materially and
the lack of All aggressive Investment
demand is lseenly felt. however, and rail
ways arc showing A disposition TO Sc
penses. The regular dividends on Stce
and Union Pacific are expected lomor
row. The Producers statement vii
probably reveal "a shrintage in the sur
| plus of red metal
| HAYDEN, Stone & Co. Boston-Thc Bos-
ton copper share market continues very
much neglected. The dulnass is par.
| TALLY attributed 10 the expected an
| nouncemcnt Of a rather uufavUrablC
| statement of the Copper Producers as
sociation, due on THURSDAY. although best
| opinions say 10 look ior small dc
crease.
Gallagher Letter New Sork.-Girou.
and Inspiration practically lower today Y
but balance of market closed about same
as yesterday. Trading narrow. indus
| trials were fairly active with feature
| being BrjtishA American Tobacco which
Gil big trading sold up TO 20i.