The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-03-23
let GO OF THE
BEST STOCKS
first Class Securities Seldom
offered Are Sold
&
u,agsT WAS FAIRLY ACTIVE
ONLY a FEW OF THE LEADERS
IN DEMAND.
gsggET WAS FAIRLY ACTIVE

r- 81 was Lu-a--e-
S7-' Dun - paul vas the favorite ana
s.o-A-- conc demand for Union Pa
TIER a..t Island was cratic ana
,-.' 5-s9ing back after its advances
A7i' rizbts jewell where II enaeu
% - Trs action Of Tie wheat mar
il7 '-' hopeful feeling regarding
As. -sast but il is not clear why
5srI should be picked lol 'Li' --'-'
On that score $500 --,,-.-
--a hone OF "a fav0raDle oalA So ,'l-.
ras a factor in me ouylAs o ,.i
-l-- --.5ars took their prohls III -.
I -.f8rs the appearance OF Iilt-
t---- - perhaps on Information d
--irur-s fn e1vance that lJ "oui1
lev - evnectati0ns to degree.
-.7-ii .-l,- market for railroad stocks
i-- en- fn sympathy with ST. PauI
a- --.-Esuaf with il. but the total
A-- --le yarv moderate. The active
--.'z .-r.fse we're irregular, but NANNY
.5--sr-- Those that were strong
GOOD part of their gains The
--s fubbsr stocks and Hooking
'.-.I mere the conspicuous Instances.
-,.- market closed irregular
T,ers nave been some extraordinary
. r78v.uauts this week amongst
st..rs which are rarely traded N 20
49, ayrart on the exchange The
--.-.rreBt has been especially con-
--l.-9rs amongst stocks that are
-iaearv held at high prices bv the class
NJ holders who keen a!oOf from the
s.a.- market and pay little attention
20 the mice move nts there, but hold
tss.- shares throu advances ana de-
Gin such movements are vieEed
viii suspicion by experienced traders
because they are comparatlFely easy
f7 r1qrieulate. owing o. the small float
rz supply OF the shares IN the mar
ter This feeling is emphasized when
Ion g-ade non-dividaEa paying stocks,
with 20 known prospect of early divi-
f41Is share iu the movement. while
the lrge mass Of important represen-
tsfva stocks are left neglected ami
sluggish. That has been the state OF
affairs in the stock market during the
past week.
The neglect Of The standard stocks is, |
in fact acccntuated By the cratic
movements OF the less prominent /
stocks To is very notable, however,
that while there is almost no demand (
f1r stocks, there Is a marked disincli- .
ration 20 sell. SO that prices are re-
markedly firm The weeks price
changes are mostly gains. although /
small ones. This fiUmlcss of under I
tone iD the market is attributable /
Vs16usly 90 the confidence In the fl
tlra prosperity Of business conditions /.
fli TO the fact that bulk Of securities /
are held by powerful capitalists and I.
syndieates as t1e proceeds OF organi- ]
Eu5Hs and reOr -aniz3tions. who have j
adequate means 20 ncld them and .
5-a their time for favorable opDor-
unity Go market them. The actual
promise for the outcome of the year /
j. DO the normal period Of doubt and /
development
This IS undoubtedly the real season !
lo, he dullless and neglect of The
"o'E market, which is only varied .
20 years - extraordinary conditions
-leh as those Of last year. The crftf- /
ol period of the growth Of the conn
Wy great staple crops is always a
ie-el OK hesitation and cautious sDnc-
l-i-'4- The outcome Of the winter
NH5al crop Is looked TO with esnecfal
A-e.esl this year, owing 30 the short
,e-''i-s OF iast gears crop I'm the win
wheat peiJ The rains OF last week
% 'he southwest have been taken as "A
t.'Hi,e or a. favorable outcome and
Aeiped 90 keen the market for
.2h s hrm- The current returns of
'aII'ld earnings from that region arc
showing The effects Of last wears short
.ofo crop IN the falling off I'm t7.5e',
m. o'stflcuon TO railroad traffic i'm
'l' 'l Ntat by SnOWsIOTms has kean
t-.F eHset by the belief that fba
s- Inns eiop there is favored By the
,-, lhe usual spring settlements oe
go eeesuoas are a repressiva in
- ON speculation They are
-,o-sll INTO prominence bv rhe ON
'---en OF mine workers AT Sha-,of-s,,
-.I l.it Qiuereuces with operators dis
.-,. The agreement with tbe fa,-
II. 'heis in the New England mile
a@s q helpful factor. The iron and
'..l- outlook IS regarded as HIGHLY an
.-,"5lAs. although authorities in nh,
49,. nave ocen inclined to depraoara
=, SEM ouyiug for future delivers and
49,, g'-NcUlues of securing raw M
---, ana transportation of finished
+g-'',' are complained Of
''' me condition of the ~,or,-- ,,,,-
~ alone would account for tI, 5-,n
frAsl- s'l-llons The enormous
sgs ~. . o-'l.-illnnents Of the country are
fal p. p, laLt 10 the large tie up of can
h In '- syndicate projects ana i'm nart
Ian, st5dl activity iu business Tbs
D,t..- 81. tI~a reserves, which rezDIt.
ss-,,,s, '-e money market sensitive ~
n ~ upon reserves for the naa5s
f15 ,.-s regulation. The countr--s -,
.r,- - -,5l-ess 10 foreign lenders r7sl,7.,
+5 .L'5y market vulnerable nc -,-eII
49,, '7 7Als@uHiaS of fo-ais, -..-----,'
s-at5--- large government loan on
r.H, 81 '- prospect there are haoi1-
ios5 .---a nave an effect The Prss.@,,
a.1 0-5 .'srl this week of owes soo
Gene pc subscribed for I'm Russi9
of ....a-I Holland, was sornetbfDr
ana r... ..-r7 lo the financial vror,d
low ..-'es behind IL large p,7s-f'.-.
ssr ~ ~ placed I'm Paris T,a r-o-1-.-
ii,- 80 ..'tt-ish eCLS0Is is I'm -rfi.:--
vide s,- - -r ,'nns British loan. TO uro-
ir Se,,L --.5 coming years war needs
s., ..r.,.- -.h-ii'i, and is not regarded
for rrs.....l as the last -equi-auo1t
vssg. purpose as was the cas- So
are f',- 5so. Foreign money m7r5[etE
a Li-s 1'oen.ns under this i~ffr-r-a am,
ua '-'s-' money rate here is M +s.t
rof5 on further demands mon .,s . ~.
ss.-.. fia@.ly. the suSprrsi.r az ~,
dem .y ot tie ueasurv-s oa.-r ~ ~
s4f.-.. 7-F-.nm5ut bonds renoras T.,
vri.5 valve from the money r,erl-...
In -r- pas been relied UNION ro~ liz
ubf.r. possible dime Of p~.ssr-e gT-
m Es.- -l-s been q sentimental fnfreD-,
vas r. .'.'S up lo1ddence even Wien f. F
ig hoy mo, alai'eI o. The roD,-i-, :. ,, (
10 =. '.. --l III if money st-irrs,,-. ,''''
sztg- welded. il musi De- by ' S[,i4.,,-
sgs.,,r-...S Of credits ia sfo.l r ,.---l.,s
Ssss ~ me semi-specuIstiva b.,,,.t t-
lar ti nave been in active dews 80 i,i Is
hss week. bur the general ,i''- ,-,. y. ,.l
Un.ts5 s rather dun and irrs=u l-, =
chance states bonds were In ma
Of l5s, as compared with the r1osir-
ivs-,. YORK. March 22-conn,aro,.,