Salt Lake Tribune | 1914-10-03 | Page 16 | Optimistic Note Sounded in Daily Market Review

0PT'.n!8T!C NOTE SOUNDED IN DAILY MARKET REVIEW Enormous Coal Production; Foreign Demand for Copper; Probable Reduction in the Rates for Money. By BROAD AN WALL. By International NewB f-ervice. NEW TORK, Oct. 2. Anthraeite rra! stocks are in good demand. Iehlgh Valley Val-ley ehanpo.d hands at the closing price of July 30. The increase In passenger rates on this road will, it is estlrrmied, add 1 per rent to the ?a ml ops on t atock durlnp t lie coming yta r, and the trade reports for September will probably show the largest production of anthracite coal in the history of industry. Many of the low-priced industrials are increasing In favor, with a large number of buying orders just below the tlcureH at which transact Ions are acknowledged. While the iron trade baa been slow t" reflecting the export business tha 1. will undoubtedly develop, an actlvr and an advancing market ia looked for in Su-el common whn the stock exchange reopens re-opens for business. In the copper trade tiie forei--'ii demand is more pronounced, orders fur expoits were hooked today for points in the fur east, hitiicrto out of reach of our manufacturer. manu-facturer. This is but thf be niilm? of a busines-; that Is expected to expand rapidly rapid-ly durlnj? tho next two weeks. New city br.ndn were In tfood demand and a shade- nvnier, and the ouUide bond market showed improvement in the demand de-mand for short-term notes maturing during dur-ing the coming year. loney rates cuntinued steady, with 5 to S per eent for renewals. Tiie movements ot eurrenev reliected a lare influence over f-asii from the interior. offs-Ulnf? eoid expoi ts and leaving an aprarent. net ( balance lo the banks of $1(1.000.000. Thl' is hoped to btintf a reduction in rales tort call loan.s up to 6 per cent during th; coming week. The arbitrary rate of p per cent still charged by many institu-.-tions lias not been justified by a sinM; of n da 1 statement, and much diseatiHfa. J-tion J-tion is expressed bv customers and si or brokers vho are forced to pay this t --orbitant --orbitant rate. Dea!inEr:j in the' new street curb v'-re la relv cunhned to tra risa -t ions In 4 "' lots, frb-es were i'trmer with buyin? on out-of-town orders. Copper shares wi'te beavv on the exrected reduction In t:t- Amaipamated dividend. Steel common rose about a point and other lndustr.i-i& adva ii' 'jd f racrlonalh. I