Salt Lake Tribune | 1913-10-02 | Page 17 | [Illegible] Stocks Are the Mainstay of the Market

PR STOCKS ARE THE IINSTAT OF THE MARKET upply of the Red Metal Abroad Since 1907; ! Big Advance in London. itOADAN WALL. ,na News Service, ff, Oct. 1. "Four inches of 3 still fallln?." quoted the he news Uckor as thn mar-xfcy. mar-xfcy. "Copper stocks arc 111 rising." responded an op-hcavv op-hcavv downpour, however, rations. Early prices showed n -the London market Jiouscp took some 40,000 g Amalgamated, Steel and i the visible supply of cop-1 cop-1 and Franco to 22,553 tons for tho last half hour of Tils In tho smallest supply (4 since 1807. There was 2 In the London market and next -week's monthly the copper supplies for the is expected to show a do-siirpluB do-siirpluB hore. of Strength. iss ruled, there Is an un-ength un-ength In the general marled mar-led some of tho traders to the market has turned, qulotly Arm, gaining more Lehigh Valley was strong, d demand at an advance, this stock wan called ox-ports ox-ports are current that tho sxccptlonally well. A fresh ,de against Stocl common he price to BSE. Attempts ght a sharp rally to 50J. an accepted authority on ted conditions, states that j and stocks in producers' I community has about inclusion that no immcdl-n immcdl-n of assets or profltH on Pniff een JPOrtel in reconcil- wi, i 0 conflicting views of tho direotors. L..5?? ouesented that this railroad ZL cokMto P11"1"11 th Central Pacific from Bouthorn Pacific or make some fov- mbIo?J7lments Western Pa- t u L thJs r""1? ,a not confirmed. It Is considered plaiiBlblo Foreign exchange rose sharply on IwiE Y'lhdl3waIS of gold at London. At Borl n tho private discount rate declined l.riil11 ,thd. Predlotlon of a posnlblo reduction re-duction In tho German bank rates. Thcso conflicting movements in the foreign money market were not reflected in tho prices of HcouTltleB. Call money rose to i per cent, the highest rate for a month vast. No significance was attached to this temporary Increase, the timo money remains easy. Unfavorable Traffic Returns. , Trafflo returns for August continue un-, un-, favorable. The Pennsylvania system reports re-ports an incrcaso of ?37.00O in gross, but showed a loss of J1.038.00O in net. New York Central lines disclosed a net decrease of 52,366,000. Rock Island's gross doorcase was $238,000 and not decrease de-crease $441,000, while Erie reported a not decrease of $400,000. These flguroB will. I It is hoped, do much to influence the interstate commerce commission when considering tho pleas of tho roads for ln-croaBca ln-croaBca In frolght rates. The sharp rally in the copper stocks has had the effect of checking tho bear raids on Steel. Tho latter, stock la ovor-sold, ovor-sold, according to reports from the floor. Among commission houses opinions on tho Immediate course of the markot appear ap-pear to be much confused. Those who were confident are a llttlo moro conservative, conserva-tive, whtlo those who aro frankly bearish bear-ish admit that there Is too much company com-pany on the short sido for comfort or profit