Salt Lake Tribune | 1913-02-09 | Page 16 | Market Presents a Sold-out Appearance

MARKET PRESENTS A SOLD-QUT APPEARANCE James A. Pollock & Co.. "bankers and brokers, furnish the folowing, received over their private wire yesterday afternoon: after-noon: Paine, Webber & Co., Boston. Without With-out any special news or reason, the market mar-ket opened strong and continued so during dur-ing tho entire session today, closing at tho top. Traders who havo been predicting pre-dicting a further decline for the past four or live weeks are beginning to realize that the market has been thoroughly liquidated and a further decline from this level Is unlikely. The lncrcaso In the Copper Producers' report of nearly 18,-000,000 18,-000,000 pounds had no effect on prices, most of which have advanced slightly since its publication." The bank statement, state-ment, showing a loss of nearly SS.000,000 in reserve, was rather disappointing. We look for very little change in the present course of the market for tho next few days at least. Logan & Bryan. New York. The news relatlvo to tho Balkan situation consisted consist-ed principally today of a report to the effect that the British admiralty had decided de-cided to send the Mediterranean lleet In Turkish waters, nnd that the Turkish council had taken the request to permit the warships to pass through the Dardanelles Dar-danelles under consideration. Advices from Germany state that Berlin is preparing pre-paring for decisive developments and, on the whole, it appears that the large European powers are preparing to assume as-sume such an attitude as will terminate hostilities and force a resumption of peace negotiations. The slock market was quiet, but appeared ap-peared to possess " considerable underlying underly-ing strength. Pressure Is relativelv light and wo are disposed to the bello'f that advancing tendencies will becoino quite pronounced next week.