The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-05-17

I,NESS DEVELOPS AND
ECULATORS ARE ANXIOUS
/ Tone in Market is In
.yitably Due After Re-
action.

r YORK, May 16.-Freauent fluctu-
Iin prlces today indicated the un-
ana hesitating condition OF specu-
..ntiment. When II ie added that
hctuations tended 10 be narrower
Il volume OF the markets activity
rsase. Il will be seen that the eX-
period of dullness and sluggish
the market Is developing, accord
'orecedent, after the violent decline
Il sharp recovery which the mar
4 recently passed through.
1 was a marked disposition TO turn
n<s OF the class known as special
r action or the part of the pro-
hi contingent which operates from
day In the stock market without
40 the propitiousness OF general
,ns of money and Industry. Stocks
'are subject to peculiar influences
h own trades are selected at such
[ Often violent activity and wide
Ions can be Effected In such Sc
/ when the body OF the market is
hdly inert and entirely neglected
was the old-tlme fayorite which
nde especially prominent today
I degree of activity which has not
fen for many months The par
i0yement In Beet Sugar was maze
semblance OF important deycl-
y impending regarding trade rela-
but no authentic Information was
but, on the subject. There was a
movement In Amalgamated Copper
b copper group. TINS weS profess
nsed on the annual report of the
Ida Mining company
.Ighly prosperous conditions in the
Trade were duly reflected In this
which was also elaborated with
n and operating details beyond
mt. Something was made OF this
o promise of a departure in policy
! part of the group Of capitalists
|fhe stock market element deslg-
Il "the Standard OIL party" The
,0uslook was the subject OF earn
AideratIon In the light of the bor-
by the Pennsylvania company yes
Iof SO. 0.0iO.N0 for eighteen months
basis OF rather more than per
Il In the time loan market were re-
abundant and not readily lendable
Der cent Tor periods up 10 six
\ For that maturity there were
mans at 8 per cent and for over
4 Of the year periods per cent was
a strongly bid. with 81 asked
Us hardended In all foreign mar
<ome of the exchange Offering In
jarkct was said to be on ac-
~ foreign purchases OF the Penn
n notes. The statement OF tho
- foreign trade for April and for
nths Indicated a strong position in
Irrational exchanges, the merchan-
lance In favor OF this country for
cling SI, 1851, as against $33. 4G0.-
April OF last year, while for the
uths OF the fiscal year the cNces-
Nuc OF exports over Imports has
d H67, ,6l2, 1G4, compared with $685.
Tor the corresponding period last
don was attracted today to the
ion of this extraordinary trade
e In the last number OF the Lon
;onomist at hand. This accepted
~ offers an estimate OF the hold
!, american finance bills now held
md and France as amounting to
20 and expresses the opinion that
ling OF the maturity or these bills
the coming months Will operate
-Hain money rates In New York In
The heavy volume of merchandise
influence of the Anaconda annual
Hns supplemented TO some extent
nations OF n forthcoming state
'lom the Standard OIL company,
pich a favorable effect on Spccu-
tntlment was augured
rensfer through the sub-treasury
J t9p 900 TO San Francisco was at
70 special transaction and not
fegumption OF the previous move
the point growing out of the Are
The market continued to show
regularity throughout the day. but
;Ees were about the best and the
)tone was firm.
were steady. Total sales. par
4 States bonds were unchanged on