The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-02-09
|fREET SLOW
'|SPECULAT|0N
3 the Exchange Falls
Ssndition of Semi
! stagnatiOn.
live TO
'sPERATE IN STOCKS
les of Coal Strike
Underlying 1nfu-
Depression.

: ~ al u DoPi ooo"'
ean
'ssA Feb. S.-Speculation failed
Il, Initiative today. There was
az Ssttll In the volume of ac-
l-lp The recent level and the
IA Il times into a condition OF
~ IN, which is rarely seen In
"a Nxcept Mt what is called the
d idsumme- dullaess. Prices
|s5 Lsly and soon reached limits
lN coming back over the ear
"ed backing and drifting under
npprations OF the board room
10 OF prices bcgets disappoint-
plaza class of holders who are
,~rl with the expectation OF de-
0 e,f from price changes, and
~ N ENCOURAGEMENT VIII induce
G. efo throw over their contracts
encc of the very dullneSs OF
- Some such operations were
'5'.bday. II was assumed that
Speculative accounts were
some, new influence was
/art prices in either direction,
Hence developed today OF sutll-
|nce to provo an incentive 10
ocks. -
49, weakness OF yesterday was
,lnnto the early hour of today.
SN6as made of the apparent lull
Ss-1period OF unprecedented ac-
W Iron and steel trade. The
as modified by the fact that
ylrnd in the trade are said to
n the capacity OF plants for
NJ ahead. Nevertheless. en-,
n cad have not served to check
N nee OF demand up to this
3 e,,ile the present condition was
n SYelop as an accessory con-
m the expansion OF demand
'r Toductlon, the effect on spec
N mcnt of tho check is still
: hin the United States Steel
e lly very sluggish. are OF
y on the general sentiment.
7 trreakncss In these stocks to-
aIlc, hurt the whole market.
= einent of action upon the
- Idividend until next week was
n oointment. The expectation
= ieral that the executive COM
I1f recommend action at it's
~ The uncertainties OF the
n ltlook were underlying influ-
a depression, because of the
z6ect such n contest would
he whole industrial situation.
: Ehrough the House of reports
4 d rate regulation bill seemed
sd with tranquility,
I al unanimity with which IL
J as the previous certainty felt
- Wall street does not walt
I'll occurrence OF events pre-
I'm 10 take measures sug- |
m.
ne discussion I'm the Senate. !
sArding the intended scope OF |
has had some disturbing in
jrtiment. Sub-tressury opera
day made a small contribu- |
Nipples of the banks. thus re-
yeayy absorption Of the pre-
|El OF the week But the Gov
Sltution again appeared at the
Ere today with a credit balance,
zig another inroad upon bank
10 figure In tomorrow's sub
Aement and IN the weekly bank
no change I'm the rate for
i, but they are well sustained
Ney rose late in the day. Tho |
}s partly from the renewal OF
Sng obligations. some of them |
!Sn lenders, which are trans
y New York banks,
lIaccted TO make a further eN-
,-le loan account OF the banks !
l-ae languid speculation in tho |
n There was a substantial
Inc day, which seemed TO be
aujsinclination of traders 10
X Tar In any direction. The |
was quite strong.
'Ie heavy. Total snles. par
30. United States bonds were
d on call.
hern preferred dropped IL.
point. Union Paciflc ;. and
4e United States Steel stocks.
5el and Sugar large fractions
s.curities made a gain OF lI
central was UP q.
(Which declines were severe
sleulate support. but the losses
III cases wholly made up, and
repetitlon Of the selling later,
He recovery was in progress
Ks were helped by the absorb
ftllI stocks, Great Northern
~ Northern Pacific rising ~
Island also rose a poIni and
specialties, such as Locomo-
algamated Copper, gained
|k II o'clock the market was
peraoly below the opening low
number of sharp losses had
II Paul New York Central
Sugar, National Lead, Colo
kocomotiye preferred and
NJ steel fell ] TO III, Reading
r. Coal z and Hooking VALLEY
xed on some Of tho weak
Nand was transferred 10 nov
sa states Steel preferred de-
70 inc common *. Pennsyl-
lg central, Brooklyn Rapid
1nileo states Rubber lost /
Epress yielded s. Anacona,
ltates Rubber second preferred
~. ST Paul & Sault Ste. Mari
= Great Northern preferred 2
Solorado & Southern second
p ana number OF Others
1lhg, Smelling and Amalra-
M showed fair realizing power
The rest OF Tho lIst