The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-02-04

da5 rsvad by long ventures, encour-
was lr. -f4rement of the St. Paul
a5.f for the fourth week in Janu-
Ial'5 a disposition TO take profits.
~! --I of prices had been early estab-
ur.aH indicated a handsome rise
-'---.r.raas purchased earlier in the
o- The tendency TO realize was
Fs manifest after the publication of
ll.. g.srr.uualIy favorable bank state
.,-I.,o1ra The downward movement
-.f some force near the end OW-
,.s violent break of 33s in Sugar,
..7 rr- advances gained by the st,
I.-r.s showing and that of minor roads
.s not .u rely Cancelled. Interest
.....a. Do q marked extent in q
--t.ra# the iron and steel issues. Ma
..-4. Steel moving up = points and re-
s.s- fraction lly- Tennessee Coal lei
'--. .1ruart-I.e Gullness and although
-.....~aI a range 0l 8 points, termin-
. Unchanged Some comment was
lr..sI bv a. rise of points In General
lr..r.r which was generally atUrih-
-..l ts reports of encouraging earn
ss ~.lars plunge downward was
1.rHaG FOB gossip concerning the trade
81. |.... avenue occupied less con-
rH.u- position i'm the market than
rsnta and moved an somewhat mar
m limits A tendency 10 cover in
e.-s directions. coupled with free sell
r- ID spots. caused a very Irregular
-... .u ta. days business Transac-
inns r.-e unusually heavy for a short
Inv and the number Of stocks dealt in
..a4IeI .raJ OF .esIerday.
Whatever may have been the incu-
rr- that rested On the stock market ac-
r.rfv fna last few weeks, il was quite
sT#twLy lifted during the present
neck. Dealings have averaged nearly
-Hrg shares of stocks a day, and on
ara Iav ran uD 90 $50 900 shares. The
earlier rrures-ive influences were not
the military situation in South Africa,
FIR the symptoms of indifference 10
that which were Indicated last week
we've emphasized ON Monday, when the
london stock market was IN semi
manic and the local market, though still
Gull near TO s-aEnatiOn. was distinct
ly strong.
As .ar the money market outlook the
conditions have been no easier than
during ,ae recent period of neglect. and
Oh. course If the foreign exchange mar
E.t and OF operations with the sub
treasury have given intimations of a
renewed drain 0u he New York money
supply
But whatever the cause of the pre-
yius duihgss the most influential fac
tor m aT1uSuE the market from its
lethUgy was unQuestiOuably the ac-
ton at the general meeting OF the
American Steel Wire company. The
setting aside of a full years dividends
pn the common stock lathe rate of Z
per cent, to be paid quarterly, was not
more ta8U bad been foretuld in some
u Ice numerous rumO-s that had been
OLSEN la.el In vain attempts to
awaken speculative interest in the
STOCK
Hu The publication Of a balance
sheet certified u by chartered account
ans. was an answer TO much skepti-
C-u laJJ has assailed this company
ami tuu the same causes the whole
Cu-p HL indusJTiaIH Mystery has been
Ae main characteristics Of the indus
rs. operations, The amount and
nature 81 assets Of obligations. of earn
E-s Of rNpeusea-au these were sealed
from The knowledge Of the publc and of
Che average operator in the securities
The statement published by the Steel
questions which investors would want
A.. know. but 70 served 90 dissipate ts0me
Of ,l- suspicious which have hung
-EI The iron and steel stocks The
Isl.ru- rebound was CUTVespondingIy
resilient owing I'd the extreme depTes- /
sion from which they have suffered. /
-.S depression was due TO liberal 4
Promises regarding dividends and very
o.. H... I'D + ~
A legal obstacle developed last wear
% Tie payment of dividends on the
COMMON stock Of corporations before /
a -u. Years dividends on the prefer +
l- Dad been d.SbuUSed. But the non (
I,'-wug 0i the dividends had nev- I
y.l..5ss excited suspicion and dislrusL /
.ae Persistence of these sentiments +
.+ae ,a. bears Very bold. and when
see. N Wine sau- upward early i'm the .
--eA and other metal stocks followed .
id sympathy heavy short interest was 4
----- The bears endeavored 30 re-
.aF .--., losses 10y some reckless /
.----a- l1 the bun side. The market
- ....-ela 9-l@. was reEerish and IN
even and Inclined 20 become very ir-+
Star toward the latter part OF me
--.r.y large demand for the metal I
as .-I-a.E from western sources
.-.sts.e- Ll The end Of the week But
~. -7r part of the operations were
81. -.-.t hy professional specu-
-.-s tI.-- have plainly been sub
~. u, l' compilation by operators
.-- e..a-. with the object OF in
- ."t outside buying. The
"..- which prices advanced Stow
....-..E ....neL the market had be-
-7 boating supply Of stocks.
.t NJ prices brought out
-...-~ showing that a con-
...... .. stocks is uVerha1r-
~. 5.- Railroad stocks have
n. H-- not "a widely as
.r and the volume Of deal
-- been much smaller.
events in the stock mar
t .H mark a distinct in
."l.a from the Wall
' .- IN The continuance of
rT cod. ton of the country
=. .... SCUM African war has como
- a. upon as making demand
i---- products and fears Of
--s 't American securj-
s---. -. holders in the event of
a. . #-- I#ErrseS are no LONGER
.. -.-@ a..a been we'll absorbed dur
i- ... ar. there has beer. some
e !. ... L. price movements. Unit
All ..- r7 advanced u the IS u
6 5......- TO- -a ln the bid price. The /
send Quotations. /
[ ------ e. *. * r. As. s5l.
I. s Els ... y \. T.. lsts..-.1 0g1a
N. .E II. zen s. ra4