Salt Lake Tribune | 1913-09-13 | Page 13 | Stock Market Active and Very Aggressive

PWRET ACTIVE NO VERT AGGRESSIVE timism Succeeds Period of Dullness 1 Street; Union Pacific Leads Procession. M'.:, ti financial ntmos-i(ftCcloudc.Io ntmos-i(ftCcloudc.Io long that the M3 wnA- were unable to dls-my dls-my market when it np- iu' .S lii todiiy's market ?J 0oU"cilth arid nrm-iffSd nrm-iffSd for a long time. K Si wild t Intervals and MfaWo bl? 'fractions to ob- WlJ'ni' tfduBlvo announce--d- 1 , rrimrdlnjr -a cush ilcMivhy, confined to V ! . i- t'nion Pacific was ae-iJK&lve ae-iJK&lve nd Insistent, Such ??,& fo -London account, l'fcftme shares, was "'llf The low price of 154& Bjj iTuio opening- and the Block StS demand at 1d9B nt tho -S-hln wmo steel common, i rlc of more than a point. Si icilw with a gain of 2 tcK rn FRClflc ln !-Copcr croBScd 79 on a Kb"" etlH higher prices. E?tb-t the metal will pass Tfc micnl movement, A sharp Kmeni carried Canadian Po-rfMSttiim Po-rfMSttiim or the previous close. There was a rally of two points In Chesa-pcako Chesa-pcako & Ohio and numerous advancofi In the less nctivo almre of from 2 to fi points. Traction stocks Joined Third Avenue crossing lO, Interhorough preferred pre-ferred 63. More of these atoeka anon: the movement has Just begun. Barriers Removed. It Is cotifldcred fortunate that the advance ad-vance today was duo lo a demand for Btocks rather than any particular development de-velopment in tho news. It Is probable that the barriers have one by one been removed until nothing lies ' between the previous dullness and nn active and advancing ad-vancing markot. What shall wo buy? clamors the, customer. cus-tomer. The concensus of opinion answers United States Steel for this cla.8 of Industrial, In-dustrial, Amalgamated Coppor the leader of a group, Great Northern- preferred, tho premier Hill atoclc, Union Pacific for Its dividend possibilities, and Southern Pacific, an attractive divorcee. Bullish enthusiasm .should not, of course,' Include the wholo speculative family. New York Central Is far from holng cheap and the Rock Islam! Is but momentarily benefited by strength In tho general list. It Is useless, however, to back a short horse In a long race and optimism lias tho rail. For months conditions have slowly precipitated pre-cipitated the elements that constitute streiiKth ln tho "financial situation. One by one uncertain and distressing factors were removed until tho present foundation founda-tion for strength had been securely laid. Speculation has long been at a minimum. No substantial reaction need bo expected ex-pected until transactions approach a million mil-lion shares a day.