The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-06-11
4 BEEN DEAD
|I[[k IN STOCKS
atsbsws Little Sign OF the
|GIs That Makes Specu-
lstors Happy.
mediate CHANGE
IS NOW ANTICIPATED
.outIook Is Excellent; Sub
Initial Boom May Come
Later.

1e TrIbrue.
ropK June 10.-The stock
..ous very little life, the at
y speculators to bring In the
,,rjnp signally failed. The most
,,srators now admit that
!, rothIng can be done in the
shoostIng" prices until Con-
..,ourns and the constant
n corporate interests disap-
Pools we're In evidence in In
kmes which have never been
.,.ly distributed. the marking
,1Ss being Of a very apparent
L. There was little news of
:, designed to put the market
L,svp, With the result that a gen
unIns attitude developed
a,Aing.House Investigation.
|,-,hl source Of comment was
!, racking disclosures. which,
y we're not regarded as a bear
a on securities, Wall street has
|rly Undergone so much of this
I AIpg the past year. beginning
4. Insurance scandals and eX-
4 ,Ten 10 that supposedly model
n ecrporatlon, the Pennsylvania.
las bacome hardened to stories
q and mismanagement.
"a iaterest Is now felt in the crop
a Heavy rains materially re-
e drought areas in the winter
seruen. A large Increase In
s Indicated for cotton, While
Sion Is favorable for this pc
| ths year.
Ball Boom Predicted.
p, Hill shares. Illinois Central,
"a < Nashville, Southern rail-
b anthracite issues and the
= ste,ks speculation In the week
~ vas on lines which carried
SKIS to higher figures. but the
4 ssges named represented moth
|Ezd the operations OF board
/fzisrs and few prominent
= who are Included In the So
\ Gates element Operators Of
rs continue to assert that the
a vii soon move into bull
I - their ideas receive little
~ encouragement, though II is
y lkat later on In the summer.
y ucp conditions continue ia
here will be more activity
zH prices for both stocks and
al Railioad Improvements.
= me significant happenings OF
~ vas the announcement OF a
scse issue OF $1,000. 600 by the
Birmingham Construction
~ making the total for the
ase@ securities sl27 600, 900. nd
~ hiS year 1923, 900. 600. There
o no end to the drain upon
II frnds by railroad and indus
Iofatlons, incidental to extern
e for new construction and
s-efls following upon the great
~ Of the country. The Penn
reported to have closed its
ban In Paris with an option
another 25,0O0,000 upon more
rates than its $50. 200. 900
'se sold here, The Southern
y Is stated. has floated $780,
10 London. while even the st.
! reported making tentative en-
70 place a short loan abroad.
US is hardly likely contIn-
% road planning to put out
Hs Demand for Funds.
= The case In 1904 the ten
4 @"ard note issues at time
,ass over SCI 10000 being put
el9hlh alone, Many minor
sc are only awaiting the sa-
= the demands OF more ia
1olns to put in their requisi-
.-ios as Is instanced by the
y, projects for lines in the
nest, the total for which
,E Mieral thousand miles. In
:, .hls underwriting. the out
oy immediate reduction of
unprecedented glut Of Sc
? not promising.
sequence OF the heavy
IN, y :, Iuhds In connection with
sU,lVWing. to say nothing of
e,-a ,ai'al business activity. is a
rrrus p" money, which bids fair
=, 't throughout the summer.
Fr,.s se reopenlng OF the banks
"a ESQ ~ - Is thing of the past,
co'S Inc s50,OOO.OG0 transmitted
~ Len ~. Gate is returning some
cvvss.Imatine the probable ag-
,.,rn ',nsht at s25,O00.0OO This
lhouu" |" argue for lower call
,%ssh. In view OF the likeIi.
e,,r ,"ese funds may be with
b a,y as :. can hardly affect time
sold Imports Higher.
hssf ssfhstsements, ht,a on the other
6hu of M "a made more difficult by
Ia hIs secretary Shaw I'm with
say aroeilal eNclal facilities. which
y trsns1,u to paying Interest
point eono nus putting the gold
Roald considerably higher. or
st, ara,n a,asity require. his rul-
~ gold ;, DC set In force. The
eg,emsa, from the KlondIke the
hs an nVi,.hs ,1 is estimated at s25
sluatjon Important bearing on the
t1ils rsc. Considerable uneasI-
shen,,sss ,,sssarding the situation in
!: Frencb 4 Serious uprising oc-
lshtspon -, bankers would immc-
we Strings on the gold
,,'",,, ~ Paul Is Active.
usual in,st- ~ 81 Paul brought
ez desn,,,hn inference of Standard
sare Dite ssD".,,th the fact that these e.e
ci,cless credited in we'll
fayorsh,w With selling stocks
Leonard opportunity offers.