The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-11-11
STOCKS IN THE EAST
Prevailing Tone of Market Is
Strong and Active.
WEEK SHOWS ADVANCES
--z,r,JG FEVER HAS BEEN GEN
ERAL Fer DAYS.

I, t-rI of buying that mas psSH $50
jLF rsrc the latter part OF tllG -
a-- vrgr.+ and reasons LOT some "a
.s-fure- made. the MAJ ~ -
i---L The test talrly Vel nc No. 49,,
.-r.iI which struck the MAJ ne 49, -,
,a statement first aPpeai g, "a, T-be1 me
l.. Erf a fever fit was. on wien III
..tr- closed and fluctuations 3 MS4S az
MAJ "..-,.e1rffrd under the conIHctiie IN
ana .. nf vigorous pressure by me
..-s and eager support by tne pJ ,,'- t,t
nt --ecuIative holders ana nli 'ou9
WEN to~ "a guick turn by shorts
COY. ag~Iser market showed very illNtu
sfff.n- but the eager utilellu ~
O.. --. ..s-ar-rsde ala other influences d5lo
s.'.'..-.4 much effect on prices from Lile
I4gar- which was on HeaNE $50 a.,
s..lf.. Nail jumped neailS ~ lNllily2 .,,.
ial-' int intervals Ou the announcements
At'. .r+r1- of Union Pacific interests
on +T. directory and Union FaclliC Wa
a-I side and excited fluctuations on
rI.. .,.--.r.a of the heavy speculation tI
$50 -rrfrititS. American HOOP III
.,-ara and tennessee Co4I ,SI, . ,,ni0fs
'l-.i when the market reiapSea
nc stocks and other prominent nous
trf.1s and specialized were most ollecyJeu5
.. I'm some cases between ana o
..--- na-tIv recovering before the close
Surprise at Advances.
..-...,,Iz+ive world is so accustomed
..r.a1-es that il was taken some
80 D.. surprise by che logical rise in
'-e &C. stocks which I.l'oWed the elec-
~ The whole of the speculative ire
WI Street consists OF efforts to an
.irara future events and conditions;
INNS -. conviction that large demand
l. imminent tor stocks prompts large PuS-
D. L'F when the event takes place
---.. has been looked TO to cause the
4.-,.nd professional sDecuiatorS are
..g.r sellers. not only OF all their hOiq-
f.,.r ,f short contracts as we'll IL
..i174lr invariably the case that events
r. -sar discounted. Hence the pfeNd-
rr.r .f the paradox in Wall street-buy
f. "A weak market and sell on good news
standard maNims there. 1t is rarely
e. raea that Wall street fails to SUI
frfautly discount an event or coholtloIl,
,...|aITr condition that has been 50
rffG.nfIv expected as the large public
5-rard for stocks which was TO spring
., after the election, but that IS just
Mat havgened this week.
Market In Professional Control.
Wednesdays market quickly showed
,rr effect of the enormous selling 70 re
sIfza hv the powerful operators Tho hau
6arn accommodating long stocks for seN-
araI weeks in Anticipation Of the AFTER
election demand. The conceutraItou o.
stocks in strong hands, coupled with
fha frantic paEerueSS to buy made II
t..eeibIe 10 establish an imposing ad-
vance in prices at the outset. Not only
we're holders of long stock induced 10
realize bat bear operators almost lmnlv-
diately began TO put out snort INES. con
udCIt that the golden moment OF In
illumination of a rise had arrived But
The torrent of the general demand sweep
un all offerings in the market ana con
f5nued of sufficient force 10 AFFORD
medium for continued operations Tor an
advance during the week, stimulated pS
ali the arts Of manipulation known %
the professional spectators i ne pres
end health of the market as the result
of the weeks movements can only be
determined when something more De
rr-ls known of the character of the
br.viug There has been large invest
ru-nt buyiug as O. matter of course com
ing from interests acting on positive ant
whose shares they sought to possess
and who had held off from buying IRON
a desire To see the issues of the election
first positively determined
The large demand for railway bond
affords better index of the substantial
character of the buying than that 10
stocks United States new Is advance
-s frc rounding - when issued, an'
oI Is. So. and is and the 8 ana 5S,
Der cent over the ruling call price OF
week ago
Bond Quotations.
is. Is ref reg. loss y. J. c. gen. 5s.124a
DO C0uUou-...l loss Nor Fac 5s--.-- ~
l. 5 g- reg......lIa Nor. PaC- IS. -lt0
t. $ rs euup..--llola y. Y, g. & St.
I. s D. Is reE-.156.s l. Is .--....-. .iyo-
t. = 3D. a. reg..ll6 ore. Nav. 1s..--lU9
t. s o. 4s coup. Il5 ore. Nav 4s..-.-l0.
T. s IS reg-..---ll3l4 o. s l. 6s.-----l24'
D. s ~ cauu ...ll4 COnsOl IS ....-.1l4
j.. g.. % SOS. -....114iz Read. gen. As. 81
Argh gen. as..--fUilE X. q. ". Is IS
Adjustment Is. S+as St L. K Iron NJ
can Sn .lu7es COnsOI Is I'LL
g. * IS. +l.>.---.l 1902 St L. x San F.
g. * d I~ -12u general 6S 10
EN ". con- ST. Paul CON- -lI2
Sol - .--....-.-i3lia S. I, { 4 7 lS.-llS
uehgutUre 5S..I11l. st Z, & * L 5S.-llS
Chic Term. As. "a So, Pacific IS =
Colo SEQ. t----- S4Ia So Ry- 5s-------1l-
j. d r.. q. 4s... g9ia standard Rope -
Eric gtu ts.---- 1889 q Irvine 6s---- %
IT. W AZ Den TEX x PaC. lS-.ll5