The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-05-13
||AG PROFITS IN
/ STOCK MARKET
ers Who Have Bought on
Recent Rise Are Not
DilatOry.
DME OF TRADING
NY MODERATE SATURDAY
Icted Ease in Money Mar
Iet Is Looked Upon Fa-
vOrably.

b YORK. May 12-The improved
L. of the banks shown by the bank
IA WAS expected and was taken
(. ge OF by the stock exchange today
stocks to take profits on the eN-
x,se In prices which has occurred
,hs week. The gain in cash shown
hanks was not as largo as had
ndIcated by the known movements
oey. The movement OF prices IN
e market was unusually confused
regular. o,.o-
!, ,or the realizing movement after
~ statement there was no e tliae
'{he session when the Seneral .ote
pm9 Consistent. Advices In proni-
IL ~ n,ere made at tho same time
|rs,;nes in STOCKS of equal import
NJ Tnoveuent was not wide at
and the volume of transactions
Y, & moderate. Banking opinion Is
'y rya,moas on the outlook In the
.narket Tho confident speculation
~ is based upon an assumption OF
asa in the money market. Whlch
- yo he forced by return now
,-rcv nom San Francisco as soon
,tney ia resumed there and by fur
cIaS atS,ancss from abroad by foreign
/, ,sl'' ~ cnmnanics on account OF San
4co fire losses. =. oa
me banking quarters IL ls argued
y ,riv resumption OF business nc-
J. "a If reconstruction In San fran
ii nj csuse the retention of the 1unds
hsys' been accumulated. opinion
.1sn az TO the extent of which Tor
,Snrance companies have already
--miftance 10 this country In prep
Tar naying claims against tnem,
.rent large inward movement Oh
Alleged by some bankers to haHe
,rrely duo TO the course OF remit
srainst Insurance losses. me mar
I'd near the low prices OF the Gay
sales OF bonds, par Value'
.s,overv in the stock market which
<ne,,rated last week has attained
a nTonortIons this week, and much
|. has been made towards the re-
tion OF the extensive shrinkage In
Z ~Sraluations resulting from the
tc which the market
,btecteA after the San Francisco
III The Improvement is owing TO
6eqree 10 the relief afforded by the
! iliouidation Itself. to the ring OF
= party which overeXtended Its op-
Il On the score of the weak condl-
N the market and to some factors
hive bettermsnt OF conditions or
he out come was fairly doubtful or
romising.
relief Afforded BY the liquidation
IL itself felt naturally through the
market Funds have become
mt again In that market and rates
Il loans are relaxed from day 10
Nth the fall in prices of securities
bccurred during the liquidtlon and
7onds as well as stocks. the basis
!. ..inyestment return on securities
liter adjusted to the prevailing In
.rate in the money market, espe-
Jince the interest rate on money
klined. The course Of the stock
offers evidence that there mas
me substantial investment absorp-
Securities, especially at the low
q last week Buying by suostan-
mixing interests at that time was
she holdings thus acquired have
lick upon the market as prices re-
" But 1t Is believed that largo
lwere acquired for retention For
rSestors seemed TO have been at
by the prices offered by our Sc
n This serves TO take UP some
This country's floating Indebted
foreigners, which had reached
pportions.
Improvement In the immediate
Eituatlon has thrown into the
nnd the ultimate capital require
a The rebuilding OF San Francisco
uands for other largo enterprises
opmcd formidably In the prospect
'frlod OF stock market depressions.
ent OF the recovery In stock IN
7ome distrust from the technical
lnt and keeps professional atten-
pke for signs of a reaction. But
ftrtone OF sentiment remains conf
F1the absence Of a renewal OF any
on OF the sinister character which
I'd anxiety In the first week OF the
lhaye shown some Improvement,
inthy with the stocks.
- United States 4s declined b and
y AZ y per cent on call on the